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Developers and promoters should engage legal counsel from the very start of a project. Early involvement not only safeguards your interests but also helps prevent unforeseen legal or regulatory roadblocks during the course of the project.
Many projects start off with seemingly viable arrangements but overlooking basic legalese – be it in clear titles, sale/conveyance deeds along with a registration grant of the project for carrying out transactions.
Real estate projects structured as Joint Development often overlook that both the landowner and the developer/promoter must fulfill certain obligations. While a project may commence smoothly, failure to comply can lead to significant hurdles during RERA registration, owing to mandatory requirements under the Act.