Car Parking Agreement In India

If you think you`ll end up creating a project that isn`t complete enough, we`ll be happy to let you know we can do it for you! We have experienced prefabricated models, which you can fill in minutes and print on stamp paper. You can also allow us to print it on stamp paper and deliver it to your front door! Keep going, set up a parking agreement! This simple contract format has been designed taking into account recent dynamics and trends. It covers the best aspects arising from the contractual relationship between an owner and a Parker. In a 2010 judgment, Nahalchand Laloochand Pvt. Ltd. v. Panchali Co-operative Housing Society Ltd. [AIR 2010 SC 3607], the Supreme Court of Hon`ble rejected a real estate development company`s argument that they have the right to sell garages or stilt parking spaces as separate dwellings to owners who plan to use them as parking infrastructure. A bench of judges A K Patnaik and R M Lodha decided that project owners or project developers could not sell parking spaces as independent units or dwellings, as these areas had to be expanded as “common spaces and facilities” for owners. In addition, the court stated that the developer only has the right to calculate the price of public spaces and facilities of each housing buyer in relation to the surface of the carpet of the apartment. Background – General practice According to general market practice, the developer sells only the “dwelling” through the contract of sale and the buyer has only rights with regard to the dwelling and no other part of the building. This is exactly what was agreed between developer Nahalchand Laloochand Private Limited and the home buyers of Panchali Co-operative Housing Society Ltd.

Each housing buyer had made a clarified statement that the stilt/open parking spaces indicated in the plan belonged exclusively to the project developer and that the company did not object to the sale of such spaces by the latter. However, this was later considered by the company to be against the law and therefore non-binding.