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. Das Transfer of Property Act, 1882, das die Angelegenheiten regelt, die sich mit dem Verkauf und der Übertragung von Hauseigentum befassen, definiert den Kaufvertrag oder einen Kaufvertrag wie unter: साठे खत (Kaufvertrag) हा एखादी मिळकत भभिष्यात खरेदी करण्यासाठीचा करार असतो. संबंधित मिळकत खरेदीदाराला कोणत्या अटी आणि शर्तींवर हस्तांतरित होईल ते नमूद केलेले असते. मिळकतीचे विक्री व्यवहार आणि हस्तांतरण या प्रक्रियांचे निययांचे निय嬷य孁ययत्रण करणारा The Transfer of Property Act, 1882 कायदा साठे खताच व्याख्या पुढीलप्रमाणे करतो. 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. The above definition makes it clear that a contract of sale contains a promise of future transfer of a property in question if certain conditions are met. This agreement itself therefore does not create any right or interest in the property for the proposed buyer. Remember here that both parties must comply with the conditions set out in the sales contract. Any party that fails to comply with any of the conditions set out in the agreement may be brought before the courts if the other party so wishes.
All parties concerned should also ensure that this document can be invoked as legal evidence before the courts of the law and that all those who have agreed to comply with the conditions are legally bound by it. In 2012, in the case of Suraj Lamp & Industries (P) Ltd (2) v Den, the Indian Supreme Court ruled that sales of real estate made by proxy were valid as follows: “Any contract of sale (agreement of sale) that is not a registered deed of assignment (deed of sale) does not meet the requirements of §§54 and 55 of the Transfer of Ownership Act and does not confer title or interest in immovable property is transferred (with the exception of limited rights granted under section 53A of the Transfer of Ownership Act). » Home ” Regional ” साठेखत (contract of sale) आणणण िखॄदीखत (certificate of sale)3ातीनप्रमुुखफरक “A contract for the sale of immovable property is a contract that makes a sale of such immovable property under the terms agreed between the parties” – section 54. . . . . .