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Real Estate Development Partnership Agreement

Real Estate Development Partnership Agreement Template for India

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Key Requirements PROMPT example:

Real Estate Development Partnership Agreement

"I need a Real Estate Development Partnership Agreement for a joint venture between my development company and a landowner in Bangalore, where we will develop a mixed-use commercial complex with a 70-30 profit sharing arrangement, with development commencing in March 2025."

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Document background
The Real Estate Development Partnership Agreement is a crucial document used when two or more parties wish to collaborate on real estate development projects in India. It is particularly relevant in scenarios where different parties bring complementary resources to the project, such as land, capital, development expertise, or market access. The agreement must comply with the Indian Partnership Act, 1932, and the Real Estate (Regulation and Development) Act, 2016 (RERA), along with various state-specific real estate laws. It typically includes detailed provisions for capital contribution, profit sharing, project management, regulatory compliance, risk allocation, and exit mechanisms. This type of agreement is essential for structured real estate development collaborations, providing clarity on roles, responsibilities, and financial arrangements while ensuring regulatory compliance and risk management.
Suggested Sections

1. Parties: Identification and details of all partnership parties

2. Background: Context of the development project and partnership formation

3. Definitions and Interpretation: Definitions of key terms and interpretation rules

4. Partnership Structure and Scope: Legal structure, partnership terms, and project scope

5. Contributions and Capital: Details of land, capital, and other contributions by partners

6. Rights and Obligations: Specific rights and duties of each partner

7. Project Development and Management: Development timeline, approvals, and management structure

8. Financial Arrangements: Profit sharing, expense allocation, and financial management

9. Regulatory Compliance: RERA and other regulatory compliance obligations

10. Decision Making: Voting rights and decision-making processes

11. Representations and Warranties: Partners' representations regarding capacity and authority

12. Risk Management: Risk allocation and mitigation strategies

13. Term and Termination: Duration, exit provisions, and termination procedures

14. Dispute Resolution: Mechanism for resolving disputes between partners

15. General Provisions: Standard boilerplate clauses including notices, amendments, etc.

Optional Sections

1. Intellectual Property Rights: Required when the development includes unique designs or branded elements

2. Environmental Compliance: Needed for projects requiring specific environmental clearances

3. Marketing and Branding: Include when specific marketing arrangements are agreed between partners

4. Foreign Investment Provisions: Required when any partner is a foreign entity

5. Project Financing: Include when external financing is part of the development plan

6. Phase-wise Development: Required for projects with multiple development phases

7. Force Majeure: Detailed force majeure provisions for high-value projects

8. Insurance: Detailed insurance requirements for high-risk developments

Suggested Schedules

1. Property Details: Legal description of the development property and title documents

2. Project Specifications: Detailed architectural plans and development specifications

3. Capital Contribution Schedule: Detailed breakdown of partner contributions and timing

4. Development Timeline: Detailed project milestones and completion schedules

5. Profit Sharing Mechanism: Detailed calculations and examples of profit distribution

6. Management Structure: Organizational chart and management procedures

7. Regulatory Approvals: List of required approvals and current status

8. Land Due Diligence Report: Summary of title search and property verification

9. Financial Pro Forma: Projected costs, revenues, and returns

10. Environmental Reports: Environmental impact assessments and clearances

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions












































































Clauses




















































Relevant Industries

Residential Real Estate

Commercial Real Estate

Industrial Real Estate

Mixed-use Development

Retail Real Estate

Hospitality

Healthcare Real Estate

Logistics and Warehousing

Special Economic Zones

Township Development

Relevant Teams

Legal

Real Estate Development

Finance

Compliance

Business Development

Project Management

Construction Management

Investment

Risk Management

Property Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Development Director

Legal Counsel

Project Director

Development Manager

Land Acquisition Manager

Investment Manager

Construction Manager

Compliance Officer

Partnership Manager

Real Estate Portfolio Manager

Business Development Director

Risk Manager

Property Development Head

Industries












Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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