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The Real Estate Contract Online is specifically designed for property transactions in India that need to be executed through digital means. This document type has become increasingly relevant with the digitalization of property transactions and the legal recognition of electronic contracts under the Information Technology Act, 2000. It combines traditional real estate contract requirements with provisions for online execution, incorporating compliance with the Transfer of Property Act, RERA, and state-specific property laws. The contract is particularly useful for situations where parties cannot meet in person or prefer digital documentation, while ensuring all legal requirements for property transfer are fulfilled. It includes comprehensive sections covering property details, payment terms, online execution protocols, and necessary compliance requirements for Indian real estate transactions.

1. Parties: Details of the seller/vendor and purchaser/buyer, including names, addresses, and contact information

2. Background: Context of the transaction, including brief property history and intention to sell/purchase

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including location, boundaries, measurements, and registration details

5. Purchase Price: Total consideration, payment schedule, and mode of payment

6. Payment Terms: Detailed payment structure, installments, and consequences of default

7. Title and Ownership: Seller's representations regarding clear title and ownership rights

8. Due Diligence: Buyer's right to verify property documents and title

9. Possession: Terms and timeline for handling over possession

10. Registration and Transfer: Process and responsibilities for property registration and transfer

11. Representations and Warranties: Statements and guarantees by both parties regarding the property and transaction

12. Electronic Execution: Provisions for online execution and digital signatures

13. Costs and Expenses: Allocation of transaction costs including stamp duty and registration fees

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

15. Dispute Resolution: Process for handling disputes between parties