The Acknowledgement Receipt For Reservation Fee is a crucial document in Indian real estate transactions, serving as an initial step in the property purchase process. It is typically used when a prospective buyer expresses serious interest in a property and makes a payment to reserve it, preventing the seller from offering it to other parties for a specified period. This document, governed by Indian contract law and real estate regulations including RERA, provides documentary evidence of the payment received and outlines the basic terms of the reservation. It includes essential details such as party information, property specifications, amount received, and conditions for refund or forfeiture. The receipt plays a vital role in establishing the initial commitment between parties and can be referenced in subsequent property transaction documents.

1. Receipt Header: Date, receipt number, and document title

2. Party Details: Full names, addresses, and contact information of both the receiver (developer/seller) and payer (prospective buyer)

3. Amount Acknowledgement: Clear statement of the amount received, both in figures and words, along with payment method details

4. Property Details: Specific details of the property being reserved (location, unit number, project name, etc.)

5. Purpose Statement: Clear statement that the payment is specifically for reservation of the property

6. Basic Terms: Fundamental terms regarding the reservation period and basic conditions

7. Authorized Signatures: Signature blocks for both parties with date and witness provisions