Agreement As Per Rera Act

 
 

Referring to the definition of “contract of sale” as defined in section 2 (c) of the Act, the Court decided that the above definition referred only to an agreement between the buyer and the developer and therefore could not say that a letter of award containing the general conditions of sale was not an agreement between the parties. The Tribunal also held that the above-mentioned letters of assist were applicable in a number of cases under the Specific Relief Act and that, therefore, the legality and validity of the above-mentioned letters of assist are not at issue. If the organizer is unable to conclude the property in a timely manner or is unable to hand over the property in a timely manner, the organizer is obliged to pay the full amount you have indicated if you wish to leave the contract. 5Thently, they promised to own housing in Jun-Jul 2020, and now they ask us to sign an agreement, as the draft contract they shared says, that the property will be given at the end of October 2020 with 6 months of grace to the client, we can not wait, as long as our investments / finances were initially planned for the occupation of the apartment until Jun-Jul 2020, we can ask the client to repay because he does not respect his promised date and that in the absence of legal papers, we have not yet signed with the client, although we have quickly paid all the payment plans so far, but when we understood that the property was delayed, we stopped processing other payments, Therefore, they are pushing to pay payments due with 24% interest/fines etc. It must therefore be concluded that the RERA Act 2016 classified the Registration Act for the purposes of the sale agreement, given that the sale agreement does not contain a clear title, but can be applied in court in accordance with the provisions of the RERA Act 2016. 4A. . . . .

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