Important Points/ Key Elements to be considered:

1. Parties
2. Title of Lessor
3. Consideration
4. Security Deposit
5. Grant of Development Rights
6. Sharing of Ratios
7. Rights, obligations, declarations, and representations of Owner/s and Developer
8. Time period within which all the approvals, sanctions, plans should be obtained
9. Terms and Termination Clause
10. Formation of Society
11. Maintenance of the Project
12. Arbitration Clause
13. Common areas, amenities
14. Handing over of Apartments/Flats as per the timelines agreed on