Law chamber

 PAVANANJAYA

 20 Years Exp

 Construction Agreement Review (Show More)

 Dakshina Kannada , Kodiyalbail

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Overview

A construction agreement is a contract between the builder and the buyer. It describes the rights, duties and obligations of both parties in their dealings with each other. It is important for both the construction contractor and buyer to sign this agreement before they perform any work. The construction agreement can be used for both residential and commercial projects. The contents of the agreement may vary based on the nature of the project.
Some of the information included in a construction agreement are

    Names and addresses of both the parties
    Location and address where the construction work is to be done
    Description of the construction/renovation work to be done with timeline
    Materials that will be used during the construction
    Duration of the project
    Details and method of payment
    Methods to handle any change in work order
    The buyer and seller should check that the title flows in the parent documents are correct and does not miss any previous buyer or seller. This is a common type of fraud.Penalty in case the builder defaults in any of the clauses mentioned in the construction agreement


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Name : PAVANANJAYA

Law Firm Name : Law chamber

Country : India

City : Dakshina Kannada

State : KARNATAKA

Practicing Since: 2006

About Your Firm : I am practicing since 2006 as a civil Advocate in Mangalore I am handling civil Matters M.C Cases , Consumer cases Registration work Revenue work, Legal Opinion etc

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  Procure Specific Property Document(s) ( Encumbrance Certificate )
  Packages ( Commercial complex )
  Procure Specific Property Document(s) ( Khata / Khata Extract )
  Legal Opinion/Title Certification ( Apartment/Builder Floor )
  Procure Specific Property Document(s) ( Khata Certificate/Transfer )
  Legal Opinion/Title Certification ( Residential Layout )
  Power of Attorneys ( Drafting General Power of Attorney )
  Legal Opinion/Title Certification ( Villa Project )
  Forming Owners Associations/Societies ( Apartments )
  Legal Opinion/Title Certification ( Commercial complex )
  Land Sourcing ( Apartment/Builder Floor )
  Agreements/Deeds(Bulk) ( Memorandum of Understanding )
  Land Sourcing ( Residential Layout )
  Agreements/Deeds(Bulk) ( Joint Development Agreement )
  Land Sourcing ( Villa Project )
  Agreements/Deeds(Bulk) ( Agreement of Sale )
  Land Sourcing ( Commercial complex )
  Packages ( Apartment/Builder Floor )
  Agreements/Deeds(Bulk) ( Agreement of Sale with GPA & Possession )
  Packages ( Residential Layout )
  Project Approvals ( Conversion of Land )
  Packages ( Villa Project )

 Legal & Drafting

  Procure Revenue Documents ( Duplicate/Certified copy of sale deed )
  Agreements/Deeds ( Memorandum of Understanding )
  Property & Documents Inspection ( Agriculture Land Inspection )
  Lease/Rental Agreements ( Commercial Shop Rental Agreement )
  Packages ( Sale Agreement to Registration (Apartment) )
  Agreements/Deeds ( Sale deed )
  Affidavits ( Student Affidavits )
  Consultation on Property ( Property Selling )
  Procure Revenue Documents ( Certified copy of revenue document )
  Registration Assistance ( Plot )
  Property & Documents Inspection ( Industrial / Commercial Inspection )
  Packages ( Legal Opinion to Registration (Apartment) )
  Lease/Rental Agreements ( Commercial Lease Agreement )
  Agreements/Deeds ( Gift Deed )
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  Agreements/Deeds ( Sale Agreement/Deed Review )
  Affidavits ( Gas Affidavits )
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  Wills ( Make A Codicil )
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  Agreements/Deeds ( Construction Agreement Review )
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  Power of Attorneys ( Revoke/cancel Power of Attorney )
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  Construction Approvals ( Commercial )
  Lease/Rental Agreements ( Apartment Rental Agreement )
  Legal Opinion (Written) ( Revenue/Other Site )
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  Packages ( Legal Opinion to Registration (Plot/Site) )
  Agreements/Deeds ( Agreement of Sale )
  Affidavits ( Name & Address Affidavits )
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  Procure Revenue Documents ( Electricity Bill Name Transfer )
  Agreements/Deeds ( Partition Deed )
  Property & Documents Inspection ( Fraud & forgery Inspection )
  Lease/Rental Agreements ( Commercial Office Rental Agreement )
  Packages ( Sale Agreement to Registration (Plot/Site) )
  Agreements/Deeds ( Construction Agreement )
  Affidavits ( Personal Affidavits )
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  Propert Transfer ( Land and Property Transfer )
  Property Partition ( Partition of Land And Property )

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  RERA Consultation ( RERA Consultant )

Subject :  Registration of property
Question :  Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you

Answer by Law chamber :  Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok

Subject :  Registration of property
Question :  Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you

Answer by Law chamber :  Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok

Subject :  Registration of property
Question :  Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you

Answer by Law chamber :  Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok