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Development Agreements

Need a legally sound Development Agreement in Kurnool?
At Landmarq, we draft customized development contracts that protect landowners and builders, ensuring full compliance with AP property laws.

✅ Clear Terms for Both Parties
✅ AP Stamp Duty & Registration Support
✅ Dispute Prevention Clauses
✅ Fast & Professional Drafting

How to Get Started with Development Agreement Services in Kurnool

To get started, you just need to provide the following details. This will help us draft a legally binding Development Agreement and guide you through the process.

1. Parties Involved

  • Landowner(s):
    • Full Name
    • Father’s/Husband’s Name
    • Age, Occupation
    • Residential Address
    • Identity Proof (Aadhaar, PAN, Passport)
  • Developer(s)/Builder(s):
    • Company/Firm Name (if applicable)
    • Authorized Signatory Name & Designation
    • Company Address
    • GSTIN & CIN (for companies)
    • Identity Proofs

2. Property Details

  • Survey Number / Plot Number
  • Municipal Door Number
  • Extent of the Property (in Acres, Sq. Yards, Sq. Ft.)
  • Location: Village, Mandal, District, SRO
  • Boundaries (East, West, North, South)
  • Ownership documents (title deed, link documents)
  • Encumbrance status

3. Project Details

  • Nature of the project (residential/commercial/mixed)
  • Total Built-up Area
  • Number of Floors and Units
  • Approval Status (HMDA/DTCP/GHMC etc.)
  • Project Schedule/Timeline
  • Construction Phases (if applicable)

4. Terms of Agreement

  • Revenue Sharing or Area Sharing Ratio (e.g., 60:40 or 40% of flats to landowner)
  • Developer Responsibilities (approvals, construction, marketing, etc.)
  • Landowner Responsibilities (title clearance, possession handover, etc.)
  • Cost responsibilities (stamp duty, registration charges, approvals)

5. Payment Terms

  • Advance to landowner (if any)
  • Development cost sharing (if applicable)
  • Schedule of payments (if applicable)

6. Possession and Handing Over

  • Timeline for project commencement and completion
  • Terms for handing over completed units
  • Delay penalties or compensations (if any)

7. Termination Clause

  • Conditions under which the agreement can be terminated
  • Notice period and legal remedies

8. Dispute Resolution

  • Jurisdiction
  • Mediation or Arbitration clause

9. Witnesses

  • Names, addresses, and signatures of at least two witnesses

10. Supporting Documents

  • Title Deed and Link Documents (past 30 years, if possible)
  • Encumbrance Certificate (EC)
  • Patta / Khata / Property Tax Receipt
  • Sanctioned Building Plan / Layout Approval
  • PAN & Aadhaar Cards of parties
  • Company documents (MOA, AOA, Partnership Deed, etc. – if developer is a company)
  • Power of Attorney (if someone is signing on behalf of owner)
  • Photograph of the property

For inquiries or submission, contact us at:
Landmarq – Conveyancing and Legal, a trusted legal and documentation service provider in Kurnool, is here to assist you with all your agreement needs.
📧 Email: support@landmarq.in | 📞 Phone/WhatsApp: +91 70452 82751

1. What is a Development Agreement?

A Development Agreement is a legal contract between a landowner and a developer/builder where the developer agrees to develop the land (usually into residential or commercial buildings) in return for a share of the developed property or revenue.

2. Who can enter into a Development Agreement?

Any individual or entity that owns land with clear title can enter into a Development Agreement with a registered developer or builder.

3. Is registration of a Development Agreement mandatory?

Yes. As per Indian law, a Development Agreement must be registered with the Sub-Registrar’s Office to be legally enforceable.

4. What are the common types of sharing in Development Agreements?

  • Area Sharing (e.g., 40% of flats to landowner, 60% to builder)
  • Revenue Sharing (e.g., sale proceeds split between landowner and developer)
  • Hybrid Models (combination of area + monetary compensation)

5. What documents are required to execute a Development Agreement?

  • Title deed and link documents
  • Encumbrance certificate (EC)
  • Property tax receipts
  • ID and address proofs of all parties
  • Approved layout or building plan (if available)
  • PAN and Aadhaar cards
  • Board resolution or POA if a company or partnership is involved

6. Can the landowner sell the property during the agreement period?

No. Once a Development Agreement is in place and registered, the landowner typically cannot sell or transfer the property without the developer’s consent.

7. What is a General Power of Attorney (GPA) in this context?

A GPA allows the developer to act on behalf of the landowner for purposes like obtaining approvals, signing documents, or registering sales. It is often executed alongside the Development Agreement.