Agreement To Sale Without Possession
(i) amend the Registration Act 1908 by Amending Act 48 of 2001 with effect from 24.9.2001, under which documents containing a contract of assignment for pecuniary interest (contracts of sale, etc.) relating to immovable property within the meaning of section 53A of the Act are registered; and the Supreme Court also reaffirmed the importance of the contract of sale between the developer and the buyer, since it recently decided that the period of allocation of a housing unit to a buyer of a house should be taken into account from the date of the owner-buyer contract and not from the date of registration of the project under the Real Estate (Regulation and Development) Act, 2016. The court also ordered the RERA authorities to order the payment of the contracting authority`s compensation under the contract of sale, the sanctity of which was confirmed by that order. A discussion above therefore indicates that fixed assets can only be transferred or transferred legally and legally through a registered deed of transfer. . . .
Comments are closed.