All You Need To Know About Sale Deeds and its Terms and Conditions Buyers Should Be Aware Of

The sale deed is an important document that completes the process of buying, selling or transferring a property from one party to another. This transaction is considered to be the final agreement between the property buyer and seller. It consists of all the important details regarding the development of the projects and details about certain clauses. So, if you are a first time home buyer, it is crucial that you understand the importance of this document and safeguard yourself from financial fraud or alignments.

A sale deed is a document that stands as legal proof of ownership of a property. It’s also called the conveyance deed or the deed of sale and it is governed by the Registration Act of India. The deed is equally crucial to both the buyer and the seller.

Currently, the real estate market in Maharashtra is experiencing certain bloom and upcoming projects near Thane seem way more promising than projects in Mumbai. Renowned builders are part of upcoming projects near Thane, Diva or Navi Mumbai. These areas showcase a promising future in real estate in the next 10 years. Also, the famous Kalyan Shilphata road projects are gaining importance because of its connectivity to areas of Diva, Airoli, Taloja, Ghansoli, Dombivli, Mulund East, Koperkhairane, and Vashi which makes it an ideal residential destination. Since the investment opportunities are on the rise it is crucial that homebuyers are aware of Terms and conditions.

Important aspects of a sale deed

Section 54 of the Transfer of Property Act, 1882 (TP Act), defines a sale as a transfer of ownership of an immovable property for a consideration. To constitute a valid sale or deed, the important elements in a sale deed are:

For a sale deed to be valid and binding, it is necessary to give a correct and full description of the parties (the seller and the buyer) and the property, which is the subject matter of the sale. Any discrepancy in the description or identity of the property may adversely impact the seller parties credential. Where the consideration is agreed to be paid in future, either in part or in full, the buyer may obtain a deed of confirmation from the seller, about future payments, pre-empt claims or future disputes. Not having details about future disputes will be considered null by the responsible parties.

AND Agasan comes under the RERA Act and is the most credible option for homebuyers looking at Kalyan Shilphata road projects or projects beyond Thane. Since, AND Agasan is approximately 3.7 km away from Kalyan Shilphata road, we assure you connectivity to major parts of Mumbai and Thane. You can also book a free tour for yourself. We promise you complete transparency as luxury and customer satisfaction are the aspects we don’t wish to compromise on and therefore all our projects have been embellished to suit each of our customer’s need for extravagance and a superior lifestyle. Our upcoming projects near Thane promise the best of amenities and affordability. We have added the urge of getting more and giving more in our organizational values and as a lifestyle maker, AND promises to provide more value, more excellence, more life and more quality in every pace of our business.

 

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