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The Standard Real Estate Purchase Contract is a fundamental legal instrument used in Indian property transactions to formalize the transfer of real estate between parties. This document is essential for any property purchase in India, whether residential, commercial, or industrial. It incorporates requirements from key legislation including the Transfer of Property Act, Registration Act, and RERA, while allowing for state-specific variations in property laws and registration requirements. The contract serves as a comprehensive record of the transaction terms, protecting both buyer and seller interests, and typically requires registration at the Sub-Registrar's office. It includes critical elements such as property details, price, payment terms, warranties, and closing conditions, making it suitable for both simple and complex property transactions in the Indian real estate market.

1. Parties: Identification of seller and purchaser with complete details including names, addresses, and legal status

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 address, boundaries, dimensions, and registration details

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

6. Payment Terms: Detailed breakdown of payment schedule, earnest money, and balance payment arrangements

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

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

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

10. Title and Transfer: Provisions regarding transfer of title and related documentation

11. Closing Process: Steps for completion of the transaction and transfer of possession

12. Costs and Expenses: Allocation of transaction costs, stamp duty, and registration fees

13. Default and Remedies: Consequences of default and available remedies to parties

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

15. Notices: Method and addresses for serving notices between parties

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