Development Agreement Template for India

A Development Agreement sets out the terms between a property owner and a developer for constructing real estate projects in India. It details how the developer will transform raw land or existing structures into new developments, spelling out construction timelines, quality standards, and profit-sharing arrangements.

These agreements play a vital role under the Real Estate (Regulation and Development) Act, protecting both parties' interests. They specify each side's obligations, from obtaining permits and following local zoning laws to handling project delays and construction defects. Many agreements now include RERA compliance clauses to ensure transparency and buyer protection.

Use a Development Agreement when partnering with builders or developers to construct residential, commercial, or mixed-use projects on your land. This becomes essential before any construction begins, especially for large-scale developments involving substantial investments or multiple stakeholders.

The agreement proves particularly valuable when dealing with complex projects under RERA guidelines, or when the development involves specialized requirements like heritage properties or environmental clearances. It helps prevent disputes by clearly defining responsibilities, timelines, and profit-sharing mechanisms upfront, protecting both landowners and developers throughout the construction phase.

• Development Agreement Between Landowner And Developer: Basic framework for property development projects, outlining construction and profit-sharing terms
• Joint Development Agreement Between Landowner And Builder: Focuses on shared responsibilities and revenue distribution in collaborative construction ventures
• Software Development Contract Agreement: Specialized for IT projects, covering intellectual property rights and delivery milestones
• Web Developer Agreement: Tailored for website development projects with specific technical requirements
• App Development Contract: Mobile app-specific agreement covering platform requirements and user experience specifications

• Property Owners: Individuals or companies who own land and want to develop it, often providing the primary asset for development projects
• Real Estate Developers: Construction companies or builders who undertake the development work, bringing expertise and resources
• Legal Counsel: Lawyers who draft and review Development Agreements to ensure RERA compliance and protect client interests
• Architects and Engineers: Technical professionals who provide input on construction specifications and timelines
• Municipal Authorities: Local government bodies that approve development plans and ensure compliance with zoning laws
• Financial Institutions: Banks and lenders who finance the project and may require specific terms in the agreement

• Property Details: Gather complete land records, survey numbers, and property dimensions from revenue authorities
• Party Information: Collect identity proofs, company registration documents, and authority proof of all signatories
• Project Scope: Define construction specifications, amenities, and completion timelines clearly
• Financial Terms: Document profit-sharing ratios, development costs, and payment schedules
• Legal Compliance: Check RERA requirements and local building regulations before drafting
• Essential Clauses: Our platform helps include all mandatory provisions like force majeure, dispute resolution, and termination terms
• Documentation: Attach necessary permits, approvals, and architectural plans as supporting documents

• Party Details: Full legal names, addresses, and registration details of landowner and developer
• Property Description: Complete land details, boundaries, and title verification certificates
• Development Terms: Construction specifications, timeline, and quality standards
• Financial Structure: Revenue sharing, cost allocation, and payment schedules
• RERA Compliance: Registration details and mandatory disclosures under real estate regulations
• Rights and Obligations: Specific responsibilities of each party during development
• Dispute Resolution: Arbitration procedures and governing law clauses
• Force Majeure: Provisions for unforeseen circumstances affecting project completion
• Termination Terms: Conditions and procedures for agreement cancellation

A Development Agreement differs significantly from a Asset Purchase Agreement in several key aspects, though both deal with property transactions. While Development Agreements focus on future construction and ongoing collaboration, Asset Purchase Agreements handle one-time transfers of existing property or assets.

• Purpose and Timeline: Development Agreements govern long-term construction projects and partnerships, while Asset Purchase Agreements facilitate immediate transfer of ownership
• Scope of Obligations: Development Agreements include ongoing responsibilities like construction quality, timelines, and profit-sharing; Asset Purchase Agreements mainly cover payment terms and transfer conditions
• RERA Compliance: Development Agreements must meet specific real estate regulatory requirements; Asset Purchase Agreements focus more on transfer documentation and title clearance
• Risk Distribution: Development Agreements share project risks between parties over time; Asset Purchase Agreements typically transfer all risks to the buyer after closing