Ƶ

Flat Purchase Agreement for India

Flat Purchase Agreement Template for India

A comprehensive legal document governed by Indian law that formalizes the purchase and sale of a residential flat or apartment between a seller/developer and a buyer. The agreement complies with the Real Estate (Regulation and Development) Act 2016 (RERA) and other applicable Indian property laws, detailing the terms and conditions of the sale, including property specifications, payment terms, possession timeline, and parties' rights and obligations. It serves as the primary contract document ensuring legal protection for both parties and establishing clear guidelines for the transaction's completion.

Your data doesn't train Genie's AI

You keep IP ownership of your information

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

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Flat Purchase Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Flat Purchase Agreement?

The Flat Purchase Agreement is a crucial legal instrument in Indian real estate transactions, designed to protect the interests of both buyers and sellers in residential property dealings. This document is mandatory under the Real Estate (Regulation and Development) Act 2016 (RERA) and must comply with various state-specific real estate regulations. It is used when purchasing new or resale flats/apartments, containing detailed specifications of the property, payment schedules, completion timelines, and possession terms. The agreement includes essential elements required by Indian contract law, property law, and consumer protection regulations, making it a fundamental document for property transactions in India's residential real estate sector. Typically used in both primary sales (directly from developers) and secondary market transactions, the Flat Purchase Agreement serves as evidence of the sale and basis for property registration.

What sections should be included in a Flat Purchase Agreement?

1. Parties: Identifies and provides full details of the seller/builder and purchaser(s), including names, addresses, and legal status

2. Background: Recitals explaining the context of the agreement, including property ownership history and development approvals

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent ambiguity

4. Property Description: Detailed description of the flat, including carpet area, super built-up area, floor, building details, and exact location

5. Price and Payment Terms: Total consideration, payment schedule, mode of payment, and consequences of delayed payment

6. Possession and Timeline: Agreed date of possession, consequences of delay, and conditions for taking possession

7. Seller's Representations and Warranties: Declarations regarding title, approvals, encumbrances, and compliance with laws

8. Purchaser's Representations and Warranties: Declarations regarding financial capacity and compliance with payment terms

9. Rights and Obligations: Detailed responsibilities of both parties, including maintenance, utilities, and common area usage

10. Default and Remedies: Consequences of breach by either party and available remedies

11. Registration and Transfer: Process and responsibilities for property registration and title transfer

12. Governing Law and Jurisdiction: Applicable laws and courts having jurisdiction over disputes

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

14. Force Majeure: Circumstances beyond parties' control affecting contract performance

15. Entire Agreement: Clause confirming the agreement supersedes all prior negotiations

What sections are optional to include in a Flat Purchase Agreement?

1. Loan and Financial Institution: Include when purchaser is obtaining bank financing, detailing tripartite arrangements

2. Car Parking: Include when specific parking spots are being allocated with the flat

3. Interior Work and Modifications: Include when allowing or restricting specific modifications by purchaser

4. Society Formation: Include when the building society/association is yet to be formed

5. Maintenance Agreement: Include when maintenance terms need to be specifically detailed

6. Lock-in Period: Include when restricting resale for a specific period

7. GST and Taxation: Include detailed tax clauses when applicable to the transaction

8. Power of Attorney: Include when any party is acting through authorized representatives

What schedules should be included in a Flat Purchase Agreement?

1. Schedule A - Property Details: Detailed technical description of the property including boundaries, measurements, and specifications

2. Schedule B - Payment Schedule: Detailed breakdown of payment installments with triggers and due dates

3. Schedule C - Amenities and Specifications: List of included amenities, fittings, fixtures, and quality specifications

4. Schedule D - Floor Plan: Architectural plan showing flat layout and measurements

5. Schedule E - Common Areas: Description and usage rights of common areas and facilities

6. Schedule F - Title Documents: List of title and ownership documents

7. Appendix 1 - Construction Timeline: Detailed construction and completion milestones

8. Appendix 2 - Approved Plans: Copies of municipality-approved building plans

9. Appendix 3 - RERA Documentation: Copies of RERA registration and related compliance documents

Authors

Alex Denne

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

Jurisdiction

India

Publisher

Ƶ

Document Type

Sales Contract

Sector

Sales

Cost

Free to use
Relevant legal definitions



































Clauses






























Relevant Industries

Real Estate

Construction

Banking and Finance

Legal Services

Property Development

Housing and Urban Development

Property Management

Construction Materials

Interior Design and Decoration

Relevant Teams

Legal

Real Estate

Sales

Compliance

Property Management

Finance

Business Development

Operations

Documentation

Customer Relations

Relevant Roles

Real Estate Attorney

Property Lawyer

Legal Counsel

Real Estate Agent

Property Developer

Construction Manager

Project Manager

Sales Manager

Compliance Officer

Property Manager

Financial Advisor

Mortgage Specialist

Legal Documentation Executive

Real Estate Consultant

Business Development Manager

Contract Manager

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Land For Sale Land Contract

An Indian law-governed agreement for the sale and transfer of land property, detailing terms of sale, property specifications, and transfer conditions.

find out more

Deed Of Sale For Property

A legally binding document under Indian law that transfers property ownership from seller to buyer, requiring official registration and stamp duty payment.

find out more

Contract Of Sale Of Immovable Property

An Indian law-governed agreement documenting the sale and transfer of immovable property between parties, requiring official registration.

find out more

Agreement For Sale Of Flat In Co Operative Housing Society

An Indian legal agreement for the sale and transfer of flat ownership and membership rights in a cooperative housing society, compliant with Indian property and cooperative society laws.

find out more

Agreement Between Buyer And Seller Of Goods

An Indian law-governed agreement establishing terms and conditions for the sale and purchase of goods between parties, aligned with the Sale of Goods Act and Contract Act.

find out more

Sales Agreement Between Two Parties

An Indian law-governed agreement establishing terms and conditions for the sale of goods between two parties, ensuring legal compliance and protecting both parties' interests.

find out more

Sale Agreement Of Immovable Property

An Indian law-compliant agreement documenting the terms and conditions for the sale and transfer of immovable property between parties.

find out more

Contract To Sell

An Indian law-governed agreement establishing future sale obligations between parties, with terms for property/asset transfer and payment conditions.

find out more

Farm Purchase Agreement

An Indian law-governed agreement for the purchase and sale of agricultural land, ensuring compliance with agricultural laws and land regulations.

find out more

Sales Employee Contract

An Indian law-governed employment contract for sales professionals defining employment terms, compensation structure, and sales-related obligations.

find out more

Harmless Agreement

An Indian law-governed agreement where one party agrees to protect another from liability for specific risks and losses, structured under the Indian Contract Act, 1872.

find out more

For Sale By Owner Purchase Contract

An Indian legal document for direct property sales between seller and buyer without real estate agent involvement, compliant with Indian property laws.

find out more

Form For Sale Of Vehicle

A standardized agreement for vehicle sale and ownership transfer in India, compliant with the Motor Vehicles Act and state regulations.

find out more

Used Equipment Sales Agreement

An Indian law-governed agreement for the sale and purchase of used equipment, covering equipment condition, warranties, and transfer of ownership.

find out more

Product Contract

An Indian law-governed agreement establishing terms and conditions for product sale and purchase, including specifications, pricing, and delivery terms.

find out more

Business Buy Sell Agreement

An Indian law-governed agreement detailing terms and conditions for the sale and purchase of a business enterprise, including price, warranties, and completion mechanics.

find out more

Vehicle Purchase Form

An Indian law-compliant document that formalizes vehicle purchase transactions and ownership transfer, adhering to the Motor Vehicles Act and state regulations.

find out more

Lease To Purchase Contract

An Indian law-governed agreement combining property lease terms with a future purchase option, ensuring compliance with national and state property laws.

find out more

Registered Lease Deed

A legally binding and registered document under Indian law that establishes the terms and conditions for leasing property between landlord and tenant.

find out more

Deed Of Sale Condominium

A legal instrument under Indian law that transfers ownership of a condominium unit from seller to buyer, including rights to common areas and society membership.

find out more

Definitive Purchase Agreement

An Indian law-governed agreement detailing the final terms and conditions for the purchase and sale of assets, goods, or business interests.

find out more

Sales Agency Agreement

An Indian law-governed agreement establishing terms between a principal company and sales agent, including territory rights, commissions, and mutual obligations.

find out more

Furniture Sale Agreement

An Indian law-governed agreement setting out terms and conditions for furniture sale and purchase, including specifications, pricing, delivery, and warranty terms.

find out more

Sales Rep Contract

An Indian law-governed agreement establishing terms between a company and sales representative, covering appointment, duties, compensation, and obligations.

find out more

Export Sale Contract

An Indian law-governed contract establishing terms for international sale and export of goods from India to foreign buyers, incorporating both domestic and international trade requirements.

find out more

Deed Of Sale Motor Vehicle

An Indian law-compliant deed that documents the transfer of ownership of a motor vehicle between parties, including sale terms and vehicle specifications.

find out more

Contract To Sell Motor Vehicle

An Indian law-compliant agreement for the sale and transfer of ownership of a motor vehicle, detailing vehicle specifications, price, and transfer terms.

find out more

Sell By Owner Contract

An Indian legal document for direct property sales between seller and buyer without real estate agent involvement, governed by Indian property law.

find out more

Restaurant Sale Agreement

An Indian law-governed agreement for the transfer of restaurant business ownership, covering all assets, licenses, and operational rights from seller to buyer.

find out more

Manufactured Home Purchase Agreement

An Indian law-governed agreement for the purchase and sale of manufactured homes, covering sale terms, specifications, delivery, installation, and warranties.

find out more

Deed Of Sale With Assume Balance

An Indian legal document facilitating property sale where the buyer assumes the seller's existing loan balance, governed by Indian property and contract laws.

find out more

Deed Of Sale Of Motor Vehicle Form

An Indian legal document that formalizes the transfer of ownership of a motor vehicle between parties, complying with Motor Vehicles Act requirements.

find out more

Buy Sell Agreement For Small Business

An Indian law-governed agreement detailing the terms and conditions for the sale and purchase of a small business, including all essential transaction elements and regulatory compliance requirements.

find out more

Lease Option Property For Sale

An Indian law-governed agreement combining a property lease with an option to purchase, establishing terms for both leasing and the future sale of the property.

find out more

Simple Land Sale Agreement Word Document

An Indian law-compliant agreement documenting the terms and conditions for the sale and transfer of land ownership between parties.

find out more

Assignable Purchase And Sale Agreement

An Indian law-governed agreement for the sale and purchase of assets or property, featuring assignability rights for the purchaser.

find out more

Conditional Sales Purchase Agreement

An Indian law-governed agreement establishing a conditional sale where the seller retains title until specified conditions are met by the purchaser.

find out more

House For Sale On Contract

An Indian law-compliant agreement for the sale and purchase of residential property, detailing terms of transfer, payment, and obligations of parties involved.

find out more

Agreement For Sale Without Possession

An Indian legal document facilitating property sale while allowing the seller to retain physical possession, governed by Indian property law.

find out more

Flat Purchase Agreement

An Indian law-compliant agreement for the purchase and sale of residential flats/apartments, governed by RERA and property laws.

find out more
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