A purchase agreement is an agreement to sell a property in the future. This agreement sets out the conditions under which the property in question is transferred. The Transfer of Ownership Act of 1882, The Supreme Court also upheld the importance of the contract of sale between the owner and the purchaser, since it recently decided that the deadline for the award of a dwelling unit to a home buyer should be taken into account from the date of the construction-buyer contract and not from the date of registration of the project under the Real Estate Act 2016. The court also ordered the rera authorities to order the payment of compensation by the contractor, in accordance with the sales contract whose unsealability was upheld by this decision. The Supreme Court of India in 2012, in the case of Suraj Lamp – Industries Ltd (2) v. State of Haryana, while considering the validity of the sale of real estate by proxy, was held at: 5. In the event that the organizer acts as a representative of the seller/renter/original owner of the land in question, the organizer accepts that before the property is handed over to the dwelling to the purchaser of the dwelling and, in any event, before the transfer or transfer of the rental of the property to an organization, which must be made up of the buyers of apartments/shops/garages in the building to be built on that land (hereafter referred to as “company”) make the nature of his property on the land in question, as well as the charges, if any, , the title, interest or right of a party in or above that country, and ensures, as far as possible, that the country in question is free of any burden and that the seller/owner/owner of origin or owner of origin in or above that country is exempt from any charge. , has a clear and marketable ownership of this land in order to enable it to transmit to that limited company/company an absolute, clear and marketable title relating to the execution, by the organizer, of a transfer/allocation of the lease of the land in favour of that company. And while the organizer was relying on the aforementioned request, declaration and agreement, he agreed to sell to the Flat Buyer an apartment at the price and conditions that appear below. This agreement was made under ………………. Das…………..
Day of ………….., 2000 between A, son of……………… Residence of ……………… named seller of the ONE PART and B, son of ……………… Residence of ………………. named the buyer of the OTHER PARTY.b. The seller must keep a separate account for the amounts that the seller receives from the buyers of the apartments as advances or payments received due to legal charges and the execution of other documents to be completed, and uses the amounts only for the purposes for which they were received and, after the transfer of the listed property, the balances are paid and transferred by the sellers to the home buyers. Form of agreement between organizer and buyer of flat note. enforcement clauses that must be concluded in individual cases, taking into account the constitution of the contracting parties. Getting from and from the buyer of the apartment has sursented the sum of the rupees……….. Fifteen percent of the sale price of the apartment is paid to the organizer as an advance payment or down payment.