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The Standard Real Estate Contract serves as the primary legal instrument for property transactions in India, designed to facilitate the transfer of real estate between sellers and purchasers. This document is essential for both residential and commercial property transactions, incorporating mandatory provisions required by Indian property law while maintaining flexibility for specific transaction requirements. The contract ensures compliance with the Transfer of Property Act, Registration Act, and RERA, among other relevant legislation. It is particularly useful for straightforward property transactions where parties seek a comprehensive yet standardized approach to documenting their agreement. The document typically includes essential elements such as property description, price terms, conditions precedent, warranties, and completion requirements, while allowing for customization based on specific state laws and local requirements.

1. Parties: Details of the seller and purchaser including names, addresses, and registration details if companies

2. Background: Brief context of the transaction and property details

3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.

4. Property Details: Comprehensive description of the property including address, measurements, and boundaries

5. Purchase Price: Amount agreed, payment terms, deposit requirements, and payment schedule

6. Conditions Precedent: Conditions that must be satisfied before completion including title clearance and necessary approvals

7. Seller's Obligations: Responsibilities of the seller including providing clear title, maintaining property until completion

8. Purchaser's Obligations: Responsibilities of the purchaser including payment terms, due diligence obligations

9. Completion: Process and requirements for completing the transaction

10. Representations and Warranties: Statements of fact and promises by both parties regarding the property and transaction

11. Default and Termination: Consequences of breach and circumstances allowing termination

12. Dispute Resolution: Process for resolving disputes including jurisdiction and governing law

13. Notices: How formal communications between parties should be made

14. General Provisions: Standard clauses including entire agreement, amendments, and severability