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. Although the RERA Act of 2016 provides for a non-fruit clause in Section 89 and applies as a result of the same RERA through the Registration Act 1908. On the other hand, it also raises another question as to whether a sale agreement creates a right, title or interest in the property? 2) You can mention in the sales contract regd the period, in which the balance to be paid and the deed of sale of the rain are executed There are a large number of projects in progress in which the developer of, and can by the buyer, more than 10% of the costs of the property under the ATS , which (in the absence of a requirement) and have still not been registered. The Supreme Court of India in 2012, in the case of Suraj Lamp Industries (P) Ltd (2) /State of Haryana, while the examination of the validity of the sale of real estate by proxy, did as to: If the sale agreement does not succeed, then it is necessary to ask whether the buyer can be exercised in violation of the sale agreement? This request was met under section 18 of the RERA Act, which states that the developer must compensate the purchaser if he was unable to complete the project and return possession of the property within the time frame set out in the sale agreement or sale agreement. If the developer does not do so, he can file a complaint with the RERA Authority3 and claim damages. If he is aggrieved by the AMF`s order, he can file an appeal with the Court of Appeal for Real Estate Regulation under Sec 44 of the RERA Act 2016. 2. The agreement on the sale fades into insignificance after the execution of the sale statement. However, despite the legal provisions, many buyers complain that most developers are not interested, even if they want to register their sales contract. In such a situation, legal experts say, national governments should take strict measures, as they must also lose revenue.
India and its metropolises are a booming real estate market. All those who have a decent earning capacity want to invest in an asset that gives the security of high returns. In general, the most important and important document regarding real estate is the sales contract. Such a sales contract must be registered in a particular seat in the city. Today, we will discuss the validity of an unregured sales contract and count as a valid document without registration. Sharma subsequently refused to comply with the agreement on the grounds that no final, legal and binding sales contract had been registered by the parties and that the existing agreement could not be obtained as proof of the alleged contract. In cases where you have acquired and taken possession of a property under a sale agreement, the title to the land will still remain with the developer, unless a sales record has been subsequently executed and registered under the Indian Registration Act.
