Agreement for Transfer of Development Rights (India) by OLL
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Agreement for Transfer of Development Rights
THIS AGREEMENT
made at ……………. this …………………… day of ……………………, 2000, between
M/s XYZ Builders,
a firm registered under Indian Partnership Act, 1932, having their office at Bombay, (hereinafter referred to as the Vendors, which expression unless repugnant to the context or meaning thereof mean and include the partners for the time being of the said firm, their survivor or survivors and the heirs, executors and administrators of last survivor) of the FIRST PART,
ABC Developers Pvt. Ltd. Co.,
incorporated and registered under the Companies Act, 1956 having their office at ……………….. hereinafter referred to as
“(The Confirming Party”, which expression shall unless be repugnant to the context or meaning thereof be deemed to include its successors and assigns) of the SECOND PART and
M/s. MNP Builders & Developers,
a firm registered under Indian Partnership Act, 1932 having their office at ………………………. hereinafter referred to as “The Purchaser”
which expression shall unless be repugnant to the context or meaning thereof mean and include the partners for the time being of the said firm, their survivor or survivors and the heirs, executors and administrators of such last survivor) of the THIRD PART.
WHEREAS by two deeds of Conveyance all made between …………….of the ONE PART and Vendors of the other respectively (1) dated ……………….. registered under No……………… dated ………………. registered under No…………….. with the Sub-Registrar at ……………….. the Vendors purchased different pieces of land bearing No………. of ……………. in the registration Sub-district of District..………………….. admeasuring about …………. sq. mts. (hereinafter referred to as the said “Bigger Plot”) and the said ………………….. granted and conveyed unto the Vendors the said bigger plot;
AND WHEREAS the layout named as …………………… Complex in respect of the said Bigger Plot and the Building plans for development inter alia of the said Sector …… Plot by construction of 1 to ….. Buildings thereon have been sanctioned by the Collector of …………… under No ……………….. on the ……………….. ;
AND WHEREAS on account of the internal roads of the said layout the said Bigger Plot has been divided into four sub-divided Plots including a sub- divided Plot known as Sector No. …… bearing No…………. of ………………………………… and admeasuring about ………….. sq. mts. shown by red boundary on the said plan annexed hereto and hereinafter referred to as the said Sector …….. Plot;
AND WHEREAS the full FAR available in respect of the said Sector ….. Plot has not been utilised by construction of the said …. buildings and that there is a scope for construction of additional buildings to consume the full FAR in respect of the said Sector …. plot;
AND WHEREAS the Vendors have engaged the services of M/s. …………………………, Architects & Consulting Engineers for preparation of structural designs and drawings of the said buildings and also if necessary for supervising construction thereof;
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This template is an agreement for the transfer of development rights (TDR) and construction permissions within a larger real estate project in India. It outlines the legal relationship between builders, developers, and purchasers regarding the right to construct specific buildings, manage infrastructure, and sell individual units on an ownership basis.
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About this template
What is this template?
This is a tripartite development agreement used in India to transfer specific construction rights from a primary developer to a secondary builder. It specifically addresses the consumption of Floor Area Ratio (FAR), the use of shared infrastructure like internal roads and sewers, and the mandatory formation of a Co-operative Society for residents. It is not a simple land sale deed, as the Vendor retains legal title until a final conveyance or 99-year lease is executed.
When should you use it?
Use this document when a developer wants to purchase the rights to build and sell one specific building within a larger township or layout from another developer who already holds the master development rights. Use a standard Sale Deed instead if the entire freehold interest in the land is being transferred without development conditions.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Grant of Development Rights | The Vendors grant the Purchaser rights to construct building number 8 on a specified plot at the Purchaser's own cost and risk. |
| 5 | Consideration | The Purchaser pays a rate per square foot of built-up area to the Confirming Party across four scheduled installments. |
| 16 | Right to Sell Units | The Purchaser is authorised to advertise, sell, and enter into ownership agreements for individual flats in their own name. |
| 19 | Indemnity | The Purchaser indemnifies the Vendors and Confirming Party against all claims arising from construction activities or statutory violations under the Ownership Flats Act. |
| 15 | Formation of Organisation | The Purchaser must form a Co-operative Society or Limited Company for the flat owners to facilitate the eventual 99-year lease or conveyance. |
| 7 | Internal Roads and Amenities | Grants perpetual liberty for the Purchaser and occupiers to use internal roads, sewers, and electric cables shown on the annexed plan. |
Who it's for
- a developer acquiring rights to build a specific building on land already held by another developer
- a landowner in India transferring unutilised Floor Area Ratio (FAR) to a third-party builder
- a development firm sub-contracting specific building construction within a larger residential complex
How long it runs and how it's signed
Law it's drafted under
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