Ƶ

Real Estate Purchase Contract for India

Real Estate Purchase Contract Template for India

A comprehensive legal agreement governed by Indian law that facilitates the transfer of real estate property from a seller to a purchaser. This document outlines the terms and conditions of the property sale, including purchase price, payment terms, property details, warranties, and closing requirements. It ensures compliance with various Indian legislations including the Transfer of Property Act, Registration Act, and RERA, while protecting the interests of both parties. The agreement includes essential provisions for title transfer, possession handover, and statutory compliance requirements specific to Indian real estate transactions.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Real Estate Purchase Contract?

The Real Estate Purchase Contract serves as the primary legal instrument for documenting property transactions in India. It is essential for both residential and commercial property transfers, ensuring compliance with Indian property laws including the Transfer of Property Act 1882, Registration Act 1908, and Real Estate (Regulation and Development) Act 2016. This document is used when parties have agreed to the sale and purchase of real property and need to formalize the transaction terms. It captures crucial details such as property description, purchase price, payment schedule, warranties, and closing requirements. The contract must adhere to state-specific regulations regarding stamp duty, registration, and local property laws. It's particularly important in India's complex real estate landscape where multiple regulatory requirements and stakeholder interests need to be carefully balanced.

What sections should be included in a Real Estate Purchase Contract?

1. Parties: Identification and details of the seller and purchaser, including their complete legal names, addresses, and registration details if entities

2. Background: Context of the transaction, brief property history, and purpose of the agreement

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

4. Property Details: Comprehensive description of the property including exact location, measurements, boundaries, and registration details

5. Purchase Price: Total consideration, payment structure, deposit requirements, and payment methods

6. Payment Terms: Detailed payment schedule, installment details, and consequences of default

7. Seller's Representations and Warranties: Seller's declarations regarding property title, encumbrances, litigation, tax status, etc.

8. Purchaser's Representations and Warranties: Purchaser's declarations regarding financial capacity, compliance with laws, etc.

9. Conditions Precedent: Conditions that must be satisfied before completion of the sale

10. Title and Transfer: Provisions regarding transfer of title, registration requirements, and related procedures

11. Possession: Terms and conditions for handover of property possession

12. Closing Requirements: Documentation and procedures required for completing the transaction

13. Expenses and Taxes: Allocation of transaction costs, stamp duty, registration fees, and taxes

14. Default and Remedies: Consequences of breach and available remedies

15. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction

16. Notices: Method and addresses for serving notices

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

What sections are optional to include in a Real Estate Purchase Contract?

1. Mortgage/Loan Provisions: Required when purchase involves bank financing, including lender requirements and conditions

2. Development Rights: Applicable for properties with unused development potential or TDR

3. Society/Association Requirements: For properties in housing societies or apartments, including society transfer requirements

4. Tenant Rights: Required when property is currently tenanted

5. Power of Attorney: When any party is acting through an attorney

6. Joint Ownership Provisions: When property is being purchased by multiple buyers

7. Foreign Exchange Compliance: Required for non-resident buyers or sellers

8. Agricultural Land Conversion: When property requires conversion from agricultural to non-agricultural use

What schedules should be included in a Real Estate Purchase Contract?

1. Property Schedule: Detailed property description, including exact measurements, boundaries, and fixtures

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

3. Title Documents: List of title documents and chain of title

4. Encumbrance Certificate: Recent encumbrance certificate details

5. Property Tax Records: History of property tax payments and current status

6. Approved Plans: Copies of approved building plans and permits

7. Inventory: List of fixtures and fittings included in the sale

8. Due Diligence Report: Summary of legal and technical due diligence findings

9. Required Approvals: List of necessary governmental and regulatory approvals

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

India

Publisher

Ƶ

Document Type

Service Agreement

Cost

Free to use

Find the exact document you need

House Cleaning Contract

An Indian law-governed contract establishing terms and conditions for professional house cleaning services, including scope, payment terms, and mutual obligations.

Download

Contract For House (Construction)

An Indian law-governed contract for residential house construction, establishing terms between property owner and contractor while ensuring regulatory compliance.

Download

Simple Service Agreement

An Indian law-governed agreement establishing basic terms and conditions for service provision between a service provider and recipient.

Download

Service Level Guarantee

An Indian law-compliant document defining guaranteed service performance levels, metrics, and remedies for service providers and their customers.

Download

Professional Services Agreement

An Indian law-governed agreement establishing terms and conditions for professional service delivery, including scope, payment, and obligations between service provider and client.

Download

Distance Contract

Template for remote business transactions in India, compliant with IT Act and E-commerce Rules, governing distance-based commercial relationships.

Download

Client Confidentiality Policy

An internal policy document governing the protection of client confidential information under Indian law, establishing guidelines for information handling and security measures.

Download

Labor Agreement

An Indian law-compliant employment contract establishing terms and conditions between employer and employee.

Download

Design Agreement

An Indian law-governed agreement establishing terms between design service providers and clients, covering design services, IP rights, and project deliverables.

Download

Client Agreement Form

A legally binding agreement under Indian law that establishes the terms and conditions between a service provider and their client for professional services delivery.

Download

IT Service Level Agreement

A legally binding agreement under Indian law that defines IT service delivery standards, performance metrics, and mutual obligations between service providers and clients.

Download

Apartment Rental Lease

An Indian law-compliant residential apartment lease agreement establishing terms between landlord and tenant, including rent, maintenance, and occupancy conditions.

Download

General Contract For Services

An Indian law-governed agreement establishing terms and conditions for service provision between parties, including scope, payment, obligations, and legal compliance requirements.

Download

Bartender Contract

An employment contract template for bartenders in India, compliant with Indian labor laws and state liquor regulations.

Download

House Share Agreement

An Indian law-compliant agreement establishing terms and conditions for multiple occupants sharing a residential property, including rights, responsibilities, and house rules.

Download

Supply Agreement Contract

An Indian law-governed agreement establishing terms and conditions for regular supply of goods between parties, ensuring compliance with Indian commercial regulations and industry standards.

Download

Service Bond Agreement

An Indian law-governed agreement binding an employee to serve an organization for a specified period in exchange for provided training or skill development.

Download

Reservation Contract

An Indian law-governed agreement establishing terms and conditions for reserving services, facilities, or goods, including payment terms and cancellation policies.

Download

Operation And Maintenance Contract

An Indian law-governed agreement establishing terms for facility/asset operation and maintenance services, defining responsibilities, performance standards, and commercial terms between service provider and asset owner.

Download

Framework Contract In Procurement

An Indian law-governed agreement establishing terms and procedures for recurring procurement of goods or services between buyers and suppliers.

Download

Exclusive Buyer Brokerage Agreement

An Indian law-compliant agreement establishing exclusive representation rights between a real estate broker and property buyer, governed by RERA and state regulations.

Download

Enterprise Subscription Agreement

An Indian law-governed agreement establishing terms for subscription-based services between a provider and enterprise customer, ensuring compliance with local regulations.

Download

Development Services Agreement

An Indian law-governed agreement establishing terms for software development and technical services delivery, including scope, IP rights, and compliance requirements.

Download

Customer Protection Agreement

An India-governed agreement establishing customer protection framework and rights in compliance with the Consumer Protection Act, 2019.

Download

Clearing Agreement

An Indian law-governed agreement between a clearing corporation and member establishing terms for securities clearing and settlement services under SEBI regulations.

Download

Admission Agreement

A legally binding agreement under Indian law that governs the terms and conditions of student admission and enrollment in educational institutions.

Download

Administrative Contract

An Indian law-governed contract between government entities and private/public parties, incorporating administrative law principles and public interest safeguards.

Download

Shared Services Agreement

Indian law-governed agreement establishing framework for shared services between entities, including service scope, levels, pricing, and governance structure.

Download

Installation Agreement

An Indian law-governed agreement defining terms and conditions for equipment or system installation, including technical specifications, responsibilities, and compliance requirements.

Download

Payment Settlement Agreement

An Indian law-governed agreement that documents the terms and conditions for settling financial obligations between parties, including payment terms and mutual releases.

Download

Dispatcher Agreement

An Indian law-governed agreement establishing terms between a company and dispatcher for coordination and management of transportation or service delivery operations.

Download

Staffing Agreement

An Indian law-governed agreement between a staffing agency and client company for temporary workforce services, ensuring compliance with local labor regulations.

Download

Personal Services Contract

An Indian law-governed agreement for engaging independent professionals, defining service terms and contractor relationships.

Download

Staff Contract

An Indian law-compliant employment agreement establishing terms and conditions between employer and employee, including key employment terms and statutory requirements.

Download

Home Repair Contract

An Indian law-governed contract establishing terms and conditions between property owners and contractors for home repair services.

Download

Loan Agreement Document

An Indian law-governed agreement establishing loan terms between lender and borrower, including amount, interest, repayment schedule, and security provisions.

Download

Real Estate Purchase Contract

An Indian law-governed agreement for the sale and purchase of real estate property, detailing terms, conditions, and compliance requirements for property transfer.

Download

Data Processing Agreement

An Indian law-governed agreement defining terms and conditions for processing personal data between a controller and processor, ensuring compliance with Indian data protection regulations.

Download

Graphic Design Contract

An Indian law-governed contract for graphic design services that defines project scope, deliverables, IP rights, and payment terms.

Download

Company Contract Agreement

A legally binding agreement template under Indian law that establishes and governs formal business relationships between companies.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it