JCT Associates Pvt. Ltd.

Vetting, Rectification & Finalisation of Redevelopment Agreements

Protecting Society Interests Through Strong & Compliant Documentation

Execution of redevelopment agreements is a critical legal milestone. Documents such as the Development Agreement, Performance Guarantee, Bank Guarantee, Indemnity Bond, Power of Attorney, and Permanent Alternate Accommodation Agreement (PAAA) must be carefully vetted to ensure that all agreed terms, safeguards, and statutory protections are correctly incorporated.

Our Legal Vetting & Finalisation Service ensures that all redevelopment documents are legally sound, risk-mitigated, and aligned with Society Approvals and Tender Commitments.

Purpose of Agreement Vetting & Finalisation

• To safeguard society and member rights

• To ensure developer commitments are legally enforceable

• To eliminate ambiguities and adverse clauses

• To ensure compliance with laws, bye-laws, and guidelines

Scope of Our Services

1. Development Agreement (DA)

We vet and rectify the Development Agreement to ensure:

• Incorporation of approved primary terms & conditions

• Clear project scope, timelines, and milestones

• Penalty clauses for delay and defaults

• Termination rights and remedies for the society
  
  

2. Performance Guarantee Agreement

We verify:

• Adequacy of guarantee amount

• Validity period and invocation conditions

• Alignment with project milestones
  
  

3. Bank Guarantee (BG) Agreement

We ensure:

• Proper format and unconditional nature of BG

• Correct beneficiary and claim terms

• Timelines for submission, renewal, and invocation
  
  

4. Indemnity Bond (IB)

We vet indemnity clauses covering:

• Losses arising from delays, defaults, or breaches

• Statutory and third-party liabilities

• Protection against legal and financial risks
  
  

5. Power of Attorney (POA)

We review POA to ensure:

• Limited and purpose-specific authority

• Clear scope and validity

• Safeguards against misuse
  
  

6. Permanent Alternate Accommodation Agreement (PAAA)

We assist in:

• Vetting flat entitlement details

• Carpet area as per MOFA & RERA norms

• Possession timelines and quality specifications

• Individual member protection clauses
  
  

7. Registration Support

We guide and coordinate:

• Stamp duty and registration requirements

• Registration of DA, PAAA, and related documents

• Proper execution and record maintenance

Benefits of Professional Agreement Vetting

• Strong legal protection for society and members

• Enforceable developer obligations

• Reduced risk of disputes and litigation

• Compliance with statutory requirements

• Peace of mind throughout redevelopment

Our Assurance

We ensure that all redevelopment agreements are carefully vetted, appropriately rectified, and professionally finalised, providing societies with a secure legal foundation for successful redevelopment.