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Tuesday, 26 December 2023

Chattisgarh RERA Notification on Joint Venture Agreement between Land Owners and Developers

 Joint Venture Agreement between Land Owners and Developers


 Chattisgarh Real Estate Regulatory Authority (RERA) vide circular No./94 /RERA/2023/1956 dated 01/12/2023 directs following clauses to be mandatorily added in the joint venture agreement between the land owners and builders:


1. The land owners and the builders shall be jointly & severally liable to fulfill all obligations under RERA;
2. The Agreement to Sale with the allottee should be signed by both.