The label on your agreement does not matter — what matters is the substance. If the developer gets transfer or assignment rights, the agreement may be treated as a conveyance. Conveyance stamp duty is significantly higher than development agreement stamp duty. Always consult a lawyer before finalizing the terms of a development agreement. Review the agreement carefully to understand the stamp duty implications.
Asahi Legal regularly acts in matters of this kind before the Bombay High Court, NCLT/NCLAT and other forums. For a personal consultation, you may book an appointment.
This article is for general information only and is not legal advice or an invitation to engage the firm. Laws and judgments change; please obtain specific legal advice before acting.
