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The Real Estate Sales Contract is a fundamental legal instrument used in Indian property transactions to formalize the transfer of real estate between parties. This document is essential when any type of real property (residential, commercial, or industrial) is being sold in India, requiring compliance with multiple legislations including the Transfer of Property Act, Registration Act, and state-specific property laws. The contract typically includes comprehensive details about the property, parties involved, payment terms, warranties, and conditions for transfer, while ensuring adherence to local registration requirements and stamp duty regulations. It serves as crucial documentation for property ownership transfer, tax purposes, and future reference, incorporating specific provisions required under Indian law for real estate transactions. The document must be drafted with careful consideration of state-specific regulations, as property laws can vary across different Indian states.

1. Parties: Identification of seller(s) and purchaser(s) with complete details as required under Indian law

2. Background: Recitals explaining the ownership of the property and intention to sell/purchase

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property being sold, including boundaries and measurements

5. Purchase Price: Agreed purchase price and payment terms including earnest money deposit

6. Payment Schedule: Detailed breakdown of payment installments and timelines

7. Completion Date: Specified date for completing the transaction and property handover

8. Seller's Representations and Warranties: Declarations regarding property title, encumbrances, and legal compliance

9. Purchaser's Representations and Warranties: Declarations regarding capacity to purchase and financial ability

10. Title Documents: List of title documents to be provided and verification process

11. Registration and Transfer: Process and obligations for property registration and transfer

12. Expenses: Allocation of expenses including stamp duty, registration fees, and taxes

13. Possession: Terms and conditions for giving possession of the property

14. Default and Remedies: Consequences of default by either party and available remedies

15. Governing Law and Jurisdiction: Specification of applicable Indian law and jurisdiction

16. Notices: Process for sending and receiving official communications

17. Force Majeure: Provisions for unforeseen circumstances preventing contract performance

18. Entire Agreement: Clause stating this document contains all terms agreed between parties