Redevelopment is the largest transaction most Mumbai families will ever sign, and it is signed collectively — by a society general body that may have met three times in a decade. The development agreement it signs decides who carries the risk for the next eight to ten years.
We act for the society, never for the developer, on the same project.
Where agreements usually go wrong
Not on the carpet area. On what happens if the developer is late: whether rent keeps flowing, whether a bank guarantee can actually be invoked, and whether the society can terminate and bring in someone else without starting from zero. We draft for that day, because it is the day the agreement is read.
Process matters as much as price
The directions issued under Section 79A of the Act set out how a society must decide on redevelopment — notices, meetings, approvals and the Registrar’s role. A decision taken outside that process is the easiest thing for a dissenting member to challenge. We sit with the committee through it.
