January 28, 2020

What Does Terms – Agreement For Sale, Allottee Refer To As Per RERA Act?

Agreement For Sale:

  “Agreement for sale” means an agreement entered into between the promoter and the allottee.

Allottee:

“Allottee” in relation to a real estate project, means the person to whom a plot, apartment or building, as the case may be, has been allotted, sold (whether as freehold or leasehold) or otherwise transferred by the promoter, and includes the person who subsequently acquires the said allotment through sale, transfer or otherwise but does not include a person to whom such plot, apartment or building, as the case may be, is given on rent. Click Next To Continue..

                         

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