RE4201 Legal Framework for Real Estate Syllabus:
RE4201 Legal Framework for Real Estate Syllabus – Anna University PG Syllabus Regulation 2021
OBJECTIVES:
To equip students with formalities and regulatory mechanism of land ownership, transfer, lease and mortgage regulations.
To examine the effect of Development control rules on the property market.
To expose students to the Tender process, Construction contracts & bidding evaluation
To introduce the students to legal requirements of land and its development
To sensitize the students on Labour law, regulations and social security
UNIT I REGULATORY REGIME
Laws and regulatory Framework – Understanding and appraisal of the regulatory regime Development Control TNCBR – Land use regulations – ordinances – subdivision rules -– Land Acquisition – Land ceiling act, Town and country planning Act, Acts relating to environmental quality and infra structure development. Real Estate Regulatory Act (RERA) and Laws relating to approval process
UNIT II REGISTRATION and TRANSFER OF PROPERTY
Law of Property, examining the rules relating to the transfer of land, the system of registration of title, co-ownership of land – Land title – Tenancy- Corporate Laws and Taxation for real estate development, Transfer of Property – Possession rights – leases – mortgage
UNIT III CONSTRUCTION CONTRACTS
Indian Contracts Act – Elements of Contracts – Types of Contracts – Features – Suitability – Design of Contract Documents- International Contract document – Standard Contract Document – Law of Torts.
UNIT IV TENDERS
Tenders – Prequalification – Bidding – Accepting – Evaluation of Tender Form – Technical – Contractual –Contract Formation and Interpretation – Potential Contractual Problems – World Bank Tender Procedures and Guidelines
UNIT V LABOUR REGULATIONS
Labour Regulations – Social Security – Welfare Legislation – Laws relating to wages – Bonus and Industrial disputes – Labour Administration – Insurance and safety Regulations – Workmen’s Compensation Act – Other Labour Laws.
TOTAL: 45 PERIODS
OUTCOMES
CO1 The students will understand the dynamics of transfer of land and the system of registration of title.
CO2 The students will be educated on with the development control rules and its effects on property markets
CO3 The students are exposed to the rules and regulation in obtaining approval
CO4 The students will be sensitized to design of international contract documents & World Bank Procedural Rules
CO5 The students will be exposed to the Labour Acts, Regulations and laws
REFERENCES
1. Catherine Ellioth, Contract Law (2003)
2. Judith – Anne Mackenzie, “Text book on Land Law”, (2004), Oxford University Press,U.K.
3. Kendem Adward Digby, “An introduction to the history of the law of real property”’ (2005), the law book exchange Ltd. UK.
4. Kevin J Gray, “Elements of land law”, (2004), Lexis Nexis, U.K.
5. Richard Willmot Constructions Contracts – Law & Practice Oxford University Press, U.S.A.
6. V.G. Ramachandran, “Law of land acquisition & compensation, 8th edition, 2000, Eastern Book Company, Lucknow.
7. Avijit Datta, “Construction Contract Management” (2018)