RERA Karnataka issued format of Agreement to Sale

Dated on: Wednesday 17th June 2020

RERA Karnataka vides its notification dated 12.06.2020 passed Karnataka Real Estate (Regulation and Development) (First Amendment) Rules, 2020. New rule 8A has been inserted namely “8A. Agreement for Sale - (1) For the purpose of sub-section (2) of section 13 of the Real Estate (Regulation & Development) Act 2016, the agreement for sale shall be in the Format as per Annexure-A. (2) Any application, letter of allotment, letter or any other document signed by the allottee, in respect of the apartment, plot or building, prior to the execution and registration of the agreement for sale for such apartment, plot or building, as the case may be, shall not be construed to limit the rights and interests of the allottee under the agreement for sale or under the Act.”

More News