Once the contract of sale is drafted by the lawyer and the clauses are agreed on both sides, it must be executed by the following steps: This is a legally binding agreement and helps to establish full trust between the parties in order to obtain a transfer of ownership without problem. 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. Remember here that both parties must respect the terms of the sale agreement. Any party that does not comply with any of the terms of the agreement could be brought to justice if the other party so wishes. All parties involved should also ensure that this document can be used as legal evidence before the court of law and that all those who have agreed to comply with the conditions are required to do so. The builder/developer disappears from the scene if you approach it several times after paying all or a substantial portion of the amount of the consideration for the sale. There may be many people who join you as victims of these scammers who can remedy this situation when they redeem themselves from their complaints. The Supreme Court of India in 2012, in the case of Suraj Lamp Industries (P) Ltd (2) against the State of Haryana, While the management of the validity of the sale of real estate held by proxy, held to: This absolute rule is subject to the exception of Section 53A of the Law on the Transfer of Ownership.
Section 53A provides that if the purchaser owns the property that is the subject of the transfer, in full compliance with its part of the contract commitment, the seller has no right to disturb the possession that has been granted to the purchaser. It should be noted that Section 53A provides the proposed purchaser with a shield against the seller and prevents the seller from disrupting the purchaser`s property, but it does not cured the buyer`s property. The property`s ownership remains in the hands of the seller. A deed of sale is a legal document that proves that the seller transferred absolute ownership of the property to the buyer. Through this document, the rights and interests of the property are acquired by the new owner. A sales statement usually consists of the following information 1) ask contractor, draft the agreement he wants you to sign The surface of the apartment is now defined in relation to the carpet area which is easier to measure, instead of existing words like Built Up Area and Super Built up Area etc. In addition, the agreement separately mentions the size of the garage or closed car parks and clearly mentions the proportional calculation of the share of the land in the common areas. This will allow it to obtain misleading or fuzzy information that will be disclosed by the organizer.