@Pratikrajurkar Your agreement should include provisions for the developer's obligations and penalties for non-compliance. If the developer fails to meet their commitments, you have legal recourse to seek compensation or enforce the terms through mediation, arbitration, or legal action.

It's great that you're thinking about the legal side of things. Redevelopment involves various legal considerations, including property rights, contracts, and agreements. Consulting with a real estate attorney who specializes in redevelopment can help you navigate these complexities.

@Pratikrajurkar Property redevelopment can have tax implications, including potential changes in property taxes or capital gains taxes. Consulting with a tax professional or accountant who specializes in real estate can help you understand these implications and plan accordingly.

@CHANCHALPASWAN Fair compensation should be explicitly outlined in the redevelopment agreement. This can include the value of your property, relocation expenses, and compensation for disruptions. Engaging a real estate appraiser and a legal expert can help you ensure that the compensation is fair and accurate.