1. Parties: Details of the Developer/Builder and Landowner(s) including registration numbers, addresses and authorized representatives
2. Background: Context of the agreement, including property details, development intention, and any prior arrangements
3. Definitions: Detailed definitions of terms used throughout the agreement including Project, Development Rights, Completion Date, etc.
4. Project Description: Detailed description of the proposed development including number of units, floors, amenities
5. Rights and Obligations of Developer: Developer's responsibilities including construction, quality standards, timelines, and compliance requirements
6. Rights and Obligations of Landowner: Landowner's responsibilities including clear title guarantee, cooperation in approvals, and handover of possession
7. Development Timeline: Detailed construction and completion schedule with milestones as required by RERA
8. Financial Terms: Revenue sharing arrangement, payment schedule, and financial obligations of parties
9. Approvals and Compliance: Responsibility for obtaining necessary permits, licenses, and ensuring regulatory compliance
10. Quality and Specifications: Construction standards, materials quality, and finishing specifications
11. Title and Ownership: Clear provisions regarding property title, ownership structure, and transfer mechanisms
12. Representations and Warranties: Declarations and guarantees by both parties regarding their capacity and property status
13. Risk and Insurance: Allocation of risks and required insurance coverage during development
14. Default and Remedies: Consequences of breach and available remedies to parties
15. Dispute Resolution: Mechanism for resolving disputes including arbitration provisions
16. Term and Termination: Duration of agreement and conditions for termination
17. Governing Law: Applicable laws and jurisdiction
