RE4005 Contract Law and Regulation Syllabus:

RE4005 Contract Law and Regulation Syllabus โ€“ Anna University PG Syllabus Regulation 2021

OBJECTIVE

๏‚ท To gain knowledge on the elements & types of contract documents requirements involved in Real Estate Development
๏‚ท To understand the process of inviting bidding & evaluation of tenders.
๏‚ท To examine RERA, exploring rights and obligations of the stake holders
๏‚ท To understand statutory and legal requirements with reference to land & property
๏‚ท To sensitize students to labour related legislation & welfare measures.

UNIT I CONTRACTS

Purpose of the contract โ€“ evolution of contract law in India โ€“ Indian Contracts Act โ€“ Construction Contracts โ€“ Elements of Contracts โ€“ Types of Contracts โ€“ Features โ€“ Suitability โ€“ Design of Contract Documents- International Contract document โ€“ Standard Contract Document โ€“- negotiating contracts โ€“ win-win outcome โ€“ Law of Torts-termination of contracts โ€“ conditions of contracts

UNIT II TENDERS

Tenders โ€“ method of inviting tenders โ€“ tenders notice โ€“ tender documents โ€“ 3 bid/2 bid or single bid system โ€“ qualitative and quantitative evaluation of tenders- acceptance/rejection of tenders-various forms of BOT and global tendering-E Tendering

UNIT III RERA

Real Estate (Regulation and Development) Act- registration of real estate project -Projects exempted from the ambit of the Act-Application for Registration of real estate projects -functions and duties of promoter -rights and duties of allotteesโ€”penalty and fines โ€“ disputes โ€“ resolution of disputes โ€“ case based examples

UNIT IV TAXATION LAWS

Legal Requirements โ€“ Insurance and Bonding โ€“ Laws governing sale- Purchases and use of Urban and Rural land โ€“ Land revenue codes- Tax Laws โ€“ Income tax โ€“ Sales tax โ€“ Excise and customs duties and their influence on construction costs โ€“ Legal Requirements of Planning โ€“ Property Law โ€“ Agency Law โ€“ Local Government laws for Approval โ€“ Statutory Regulations

UNIT V LABOUR LAWS & REGULATIONS

Labour Regulations โ€“ Social Security โ€“ Welfare Legislation โ€“ Laws relating to wages โ€“ Bonus and Industrial disputes โ€“ Labour Administration โ€“ Insurance and safety Regulations โ€“ Workmenโ€™s Compensation Act โ€“ Other Labour Laws โ€“ migrant workers โ€“ issues โ€“ act and wages.

TOTAL: 45 PERIODS

OUTCOMES

CO1 Students will understand the salient features and modalities of a contract document
CO2 Students will gain knowledge on the process involved in preparation of a tender document
CO3 Students are exposed to nuances of operating mechanism & the spectrum of RERA
CO4 Student will be equipped with an understanding of taxation, legal framework & revenue codes.
CO5 Students will be responsive to labour related issues socially and legally

REFERENCES

1. Barlow Burke, โ€œLaw of R.E brokersโ€, 1992, Aspen Publications.
2. James Karp, RE law, 2003, Dearborn Real estate education.
3. Catherine Ellioth, Contract Law (2003) Longmen Publications.
4. Richard Willmot Constructions Contracts โ€“ Law & Practice (2006), Oxford University Press, U.S.A.
5. Daniel F Hinkel, โ€œPractical R Elanoโ€, 2003, Thomas Delimar Learning.