Keyword/Phrase

Exclusive right to the developer

Submit plans for sanctioning
Execute power of attorney
Consideration
Marketable title
Handling over complete vacant possession
Competent authority granting permission
pay and discharge all assessment, outgoings, taxes etc
 Explanation
Exclusive right to the developers of development
Developer shall submit plans for sanctioning before the authorities
Owner shall execute power of attorney in favour of the developer
Which shall be paid the developer to the owner
when a seller is selling land to a buyer is that the seller will deliver marketable titleto the buyer at the date of the closing
Owner shall handover the vacant and peaceful possession of property
Developer shall take permission for development from competent authority
Owner shall pay and discharge all assessment, outgoings, taxes etc
 Keyword/Phrase
Irrevocable right to construct building
Preventing further encroachments
Unauthorised occupation
Notice of acquisition or requisition
Out of pocket expenses of any incidental
 Explanation
Owner give irrevocable right to construct building to the developer
Developer is free to do work and owner shall not encroach
developer can take risk to deal or negotiate with unauthorised occupation
No notice of acquisition or requisition between the parties
All out of pocket expenses of any incidental to this agreement shall be paid by developer
 Keyword/Phrase
Entitled to appoint professional
Referred to the sole arbitrator
 Explanation
Developer shall be entitled to appoint professionals like engineers, architect etc
In case of any dispute, matter shall solved by sole arbitrator