Development Agreement Clauses in Housing Society Redevelopment by Adv. Rahul Hingmire

Are you part of a housing society in Mumbai considering redevelopment? Understanding the critical clauses in a Development Agreement is essential to safeguard your society's interests. This video delves into the key legal aspects, including Section 79A, Power of Attorney limitations, FSI benefits, and the importance of a well-drafted Permanent Alternate Accommodation Agreement (PAAA).
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00:00 – Introduction to Redevelopment & Importance of Transparency
00:31 – Why is 79A crucial in the redevelopment process?
01:38 – How does 79A ensure transparency and member participation?
03:35 – What is the role of Power of Attorney in redevelopment?
04:39 – Can Power of Attorney be misused by developers?
06:22 – How to limit the scope of Power of Attorney for safety?
07:33 – What if FSI increases after project delay — who benefits?
08:06 – What are key clauses to include in a Development Agreement (DA)?
10:59 – Why is specifying penalties in DA crucial for delays?
11:29 – Is an arbitration clause necessary in DA to handle disputes quickly?
12:05 – Can the society terminate the Development Agreement? How?
13:42 – What is the role of Permanent Alternate Accommodation Agreement (PAAA)?
14:51 – Why must PAAA be identical to DA in all project details?
16:02 – Is registration of PAAA mandatory for legal enforcement?
16:32 – Closing remarks & call to action

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