In accordance with the Indian Registration Act of 1908, any agreement relating to the transfer of shares in immovable property with a value of more than one hundred rupees must be registered. Therefore, if you have purchased real estate as part of a purchase agreement without a correct deed of sale following, you will not get any right or interest in the property that would be transferred as part of the purchase agreement. “A contract for the sale of immovable property is a contract that provides for the sale of that property under the terms agreed between the parties” – section 54, section 54, states: “It does not in itself create interest or calculate the property properly.” IMPORTANT: This is only a format of the proposed purchase agreement, for your specific requirements you can contact us for online creation based on your entries. The deed of sale is the most important legal document by which a seller transfers his right of ownership to the buyer who then acquires absolute ownership of the property. AND CONSIDERING that Part No. 1 admits that the above-mentioned amount of Rs.——————, when the full and final payment relates to the property in question. Part 1 has declared in Part 2 that the dwelling in question is self-acquired dwelling of Part 1, in which its heirs, successors, family members or other persons have no rights, title, interests or concerns of any kind and, as such a party, is fully entitled to enter into this contract and transfer all rights in favor of Party No. 2 to the terms agreed between the parties and are as follows: mentioned:- 1. That the totality and totality of the counter-performance of sale of Rs.——————- of the apartment of Der Partei nr. 1 of Part 1.
2 was obtained by providing separate evidence according to the details indicated: bank cheque No—————— Date ————— issued in the name of Party No 1 and is drawn on ———————————————— – and after receipt of this amount, Part 1 admits that nothing is due from Part 2. all taxes and legal charges shall be borne by Part No 2, including stamp duty on the registration of the act of transmission. Part No. 1 shall be returned immediately thereafter to Part No. 2 of the free possession of the above-mentioned dwelling. In the event of the seller`s failure to sell or hand over the property to the buyer, the buyer obtains a right to certain services in accordance with the provisions of the Specific Relief Act 1963. A similar right is available to the seller under the contract to obtain a specific service from the buyer. 12. Part No. 1 also exercised a general power in respect of the above-mentioned apartment in order to complete the sale in their favour or in favour of its candidate after the registration of the deed of transfer of the apartment in question. What the sales contract creates is a right for the buyer to buy the property in question under certain conditions. Likewise, the seller obtains the right to obtain the consideration of the buyer if his part of the general conditions of sale is respected.
The Supreme Court has also reaffirmed the importance of the sales contract between the contracting authority and the buyer, since it recently decided that the period of allocation of a housing unit to a buyer of a house must be taken into account from the date of the project-buyer contract and not from the date of registration of the project under the Real Estate (Regulation and Development) Act. 2016. The Tribunal also ordered the rera authorities to order the payment of compensation to the contracting authority under the contract of sale, the sanctity of which was confirmed by that order. . . .