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 governs matters relating to the sale and assignment of immovable property, defines the contract of sale or a contract of sale as follows: The above definition makes it clear that a contract of sale contains a promise to transfer immovable property in the future if certain conditions are met. This agreement itself therefore does not create any right or interest in the property for the proposed buyer. “A contract for the sale of immovable property is a contract that is carried out on the terms agreed between the parties” – Section 54. Section 54 further states: “He does not in itself create interest or calculate such property properly.” A sales document is a document that proves that the seller has transferred absolute ownership of the property to the buyer. Through this document, the rights and shares of ownership are acquired by the new owner. A deed of sale usually consists of the following information: in 2012, the Indian Supreme Court ruled in the case of Suraj Lamp & Industries (P) Ltd (2) against Den State of Haryana, while dealing with the validity of sales of real estate made by proxy, as follows: a contract of sale is a legally valid document between two parties, the seller who wishes to sell a personal property and the buyer who wishes to buy this property. The agreement outlines the terms of the sale and ensures that both parties keep their promises regarding the sale. 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. In accordance with the Indian Registration Act of 1908, any agreement relating to the transfer of shares in immovable property with a value of more than one hundred rupees must be registered. Therefore, if you have purchased real estate as part of a purchase agreement without a correct deed of sale following, you will not get any right or interest in the property that would be transferred as part of the purchase agreement. If you wish to sell or buy a business, please use our sales contract. A sales contract is signed before the exchange of goods or money. It is an agreement between the parties to enter into a future transaction and documents the details of what that transaction will be…