How will RERA affect the content of the Agreement to sale? What other legal safeguards do the promoters need to include in such agreements?

  • Carpet area to be mentioned. Carpet area as defined by RERA.
  • Rate of interest to be paid by the promoter or allottee in case of defaults
  • Date of possession (with due regard to contingencies)
  • Change in defect liability clause
  • State wise completion of project including provisions to be made by promoter
  • Formation of Society / Association of Allottees