Fsi Sale Agreement
And considering that an agreement made on the date of the – between Shri ________ernannte the promoter as agent, the part or package of the country of ownership and its in – in the registration sub-district of _________mts. 2.8 At the time of the above agreement, the applicant did not calculate GST and subsequently raised GST`s bill on VDPL and asked him to pay the interest on that transaction. VDPL informed the applicant, however, that this GST could not be applied to the sale of additional TDR/FSI. 2.7 Subsequently, both parties decided to sell part of the additional TDRs/FSI to Vamona Developers Pvt. Ltd (VDPL) and to share the proceeds of the sale in the agreed proportion. As a result, the applicant entered into a transfer agreement with the VDPL. 3.1 The volume of delivery is very large and covers most of the commercial policy activity that takes place in the context of commercial transactions and consists of a sale, exchange, transfer, etc. And while under the aforementioned section of the law, the organizer is required to execute a written agreement for the sale of this apartment to the Flat Buyer, which is in fact these gifts, and also to register this agreement under the registration law. 2.1 The applicant, Mr. Vilas Chandanmal Gandhi, owned the land within PMC and wished to exploit the land with M/s. Amar Builders and Developers (Developer) and share the profits by distributing the proceeds of the sale after the development of the land through the construction of residential/commercial projects. 2.2 With regard to the agreement between the applicant and the developer: and while the organizer has the exclusive and inclusive right, under the development/proxy agreement, to sell the dwellings in the building or buildings to be built by the organizer on that land and to enter into an agreement with the buyer/buyers of the dwellings and obtain the sale price. In accordance with Section 7(1) point (a), all forms of provision of goods and services or at the same time sale, transfer, exchange, license, rental, rental or sale are made or accepted in return by a person as part of the continuation of the activity.
Provided that: that at the end of this contract, as the organizer stated above, The Flat Buyer reimburses the Flat Buyer the rates of the sale price of the apartment that may have been paid to the organizer by the buyer of the flat, but the organizer is not required to pay interest to the flat buyer on the amount thus repaid and, at the end of this contract and after the reimbursement of the above amount by the organizer, he is free to sell the accommodation and sell it at a price that the organizer deems possible. In the case of ISF delivery, when the financial consideration is paid by the project proponent, the tax liability is only covered at the time of the issuance of the closing certificate if it is related to the construction of housing. However, the tax obligation for commercial housing arises immediately on the date of the contract. 2.9.2 The applicant also referred to several other pieces of legislation to explain the term «locked-in,» such as Section 3.B. Section 3(4) of Bombay Land Revenue Code, 1879, Section 2 (z) of the Real Estate (Regulation and Development) Act, 2016, etc.