Mr. Nandur recently purchased a villa from an upmarket developer. The brochure said that he would own plot with an Italian styled spacious villa built thereon. The idea was superlatively exciting for Mr. Nandur. The villa was tucked away in a beautiful corner of a mixed-use development comprising of over 8 residential towers or apartment blocks, villas, a commercial building, club houses, swimming pools, sports arena, garden areas, pet parks and a very impressive cultural zone.
The paperwork was not painful, and the developer was able to offer pre-approved loans. The agreement to sell was presented by the developer and Mr. Nandur was glad to note that he possessed the exclusive right to use and occupy the villa plot and the same was identified by way of a coloured block in the layout sketch attached to this agreement to sell. Developmental related approvals and copies of the same were also provided to Mr. Nandur.
Please click here to read the full article by Gerald Manoharan and, Sanmathi Dayanand, published in Realty+.
Gerald (Jerry) has over 20 years of experience as a corporate commercial lawyer and has worked with several clients on diverse matters, including investments, corporate advisory, restructuring, mergers and acquisitions, contracting, dispute advisory and real estate.