In cases where you have purchased and taken possession of real estate under a contract of sale, title to the property remains in the hands of the developer, unless a certificate of sale has been executed a posteriori and registered under the Indian Registration Act. Thus, it is clear that a title to immovable property can only be transferred by a deed of sale. In the absence of a duly stamped and registered deed of sale, the buyer of the property does not have the right, title or interest in a property. 1. The sellers will be the land with the land number ………. and improve on ……. sq. mts. described in more detail in the list below. The purchase price is calculated at the price of Rs.
400 per m². the actual area of the land and the actual area of the land are determined by common measure of the land by the representatives of both parties. Under the Transfer of Ownership Act, a contract of sale, with or without ownership, is not a transfer. Section 54 of the Transfer of Ownership Act provides that the sale of immovable property may be made only by a registered instrument and that a contract of sale does not generate interest or charges for its property. AND CONSIDERING that the First Party agreed to sell ______ to the second part and the second party agreed to buy it for a total underperformance of __ only) on the following conditions: – 7. That the seller receives the transfer authorization letter / NOC from the relevant authority with regard to the aforementioned property in favor of the buyer / sells and that the seller pays all fees, fees, taxes, etc. with regard to the aforementioned quality in the relevant division /authority. A contract of sale is a contract for the sale of real estate in the future. This agreement defines the conditions under which the property is transferred. The Transfer of Property Act, 1882, which regulates matters relating to the sale and transfer of immovable property, defines the contract of sale or a contract of sale as under: 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. . .