The Supreme Court also reaffirmed the importance of the contract of sale between the owner and the purchaser, since it recently decided that the period of awarding a dwelling unit to a home buyer should be taken into account from the date of the construction-buyer agreement and not from the date of registration of the project under the Real Estate (Regulation and Development) 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. Although the signing of the sale agreement does not mean that the sale has been completed, it is a decisive step in that direction. For this reason, buyers must be fully aware of the terms and conditions set out in the agreement. 10. This Contracting Party No. 1 cannot in the future violate any of the terms of this agreement if it does not have the right to enforce the agreement by a competent court through an action for practical benefit or otherwise at the expense, risks and consequences of Part 1. This sale agreement is executed at this —————— ——— between ——————————, as part 1. AND Sh ——————————-, the following part 2. The expression of Part 1 -2, wherever it appears in the text of this agreement, means that it includes its respective heirs, legal representatives, rights holders, administrators, executors and assignees. While the No. 1 party is the bonafide allottee/owner, who is in possession of a property with the number——————————— – of its bonafid needs and requirements, has agreed to sell the above-mentioned apartment for a sum of Rs.————————— – and the No.
2 party has agreed to buy the apartment mentioned in party No. 1. If the seller does not sell or return the property to the buyer, the buyer is entitled to a special benefit in accordance with the provisions of the Specific Relief Act of 1963. A similar right is available to the seller as part of the agreement to require a certain benefit from the buyer. The sale contract may or may not lead to an effective sale of the property in question. Some stamp tax laws, such as the Maharashtra Stamp Act, consider that an agreement to sell a property on the same basis as a proper transport record, as well as a proper transport record, are subject to the same stamp duty as the one in force for the proper sale of a property. Under these provisions, which require the payment of stamp duty on a sales contract, a sale agreement is wrongly considered a good act of sale. 5. Part 1 acknowledges liability in the event of charges or the removal of Part 1 allowance, which acknowledges liability for the payment of the amount of the ——————————————— – except interest and damages to Part 2 and, in addition to the repayment of the amount of the ass.——————————————————, paid for the sale under that agreement. 14. That Contracting Party No. 1 admit that this sale agreement remains irrevocable and that Part 1 will not revoke or cancel it in any future.
„Any sales contract that is not a registered promotion (nature of sale) would fall short of the provisions of section 54 and 55 of the Transfer of Ownership Act and would not confer ownership and would not transfer any right to purchase property (except for the limited right granted under Section 53A of the Transfer of Ownership Act).“ A purchase agreement is an agreement to sell a property in the future.
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