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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

To get started, simply provide the following details:

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: [email protected] | 📞 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.

8. What if the developer fails to complete the project?

The agreement should include penalty clauses and a right for the landowner to terminate the contract or seek legal remedy in case of breach.

9. What are the risks involved in Development Agreements?

  • Developer delays or defaults
  • Disputes over profit/area sharing
  • Legal complications if title is unclear
  • Lack of proper documentation

10. How can these risks be minimized?

  • Conduct thorough due diligence on the developer
  • Ensure the title is clear
  • Register the agreement
  • Include clear timelines, penalty clauses, and dispute resolution methods in the agreement