The Real Property Purchase Agreement is a crucial legal instrument used in Indian real estate transactions to document and formalize the transfer of real property ownership. This agreement is essential when any party (individual or corporate) intends to purchase or sell real property in India, whether for residential, commercial, or industrial purposes. The document must comply with the Transfer of Property Act, 1882, Registration Act, 1908, and state-specific property laws, making it legally enforceable in Indian courts. It contains detailed provisions about the property, parties, purchase price, payment terms, warranties, and conditions for completion. The agreement serves as evidence of the transaction and protects both parties' interests by clearly defining their rights and obligations. It is particularly important in India's complex property law framework, where clear documentation is essential for establishing ownership rights and ensuring smooth property transfer.

1. Parties: Identification and details of the seller and purchaser, including names, addresses, and registration details if applicable

2. Background: Context of the transaction, brief description of the property, and intention of the parties to enter into the sale transaction

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

4. Sale and Purchase: Core agreement to sell and purchase the property, including the basic terms of sale

5. Purchase Price: Agreed purchase price and payment structure, including earnest money deposit details

6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default

7. Property Details: Comprehensive description of the property being sold, including boundaries and measurements

8. Title and Ownership: Seller's warranties regarding clean title and ownership rights

9. Representations and Warranties: Representations by both parties regarding their capacity and authority to enter into the agreement

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

11. Closing: Process and requirements for completing the transaction

12. Registration and Transfer: Requirements and process for property registration and transfer of title

13. Taxes and Expenses: Allocation of taxes, stamp duty, registration fees, and other transaction costs

14. Indemnification: Mutual indemnification provisions for breach of warranties or representations

15. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction over disputes

16. Notices: Method and addresses for serving notices under the agreement

17. Force Majeure: Provisions for unforeseen circumstances affecting performance of the agreement

18. Dispute Resolution: Process for resolving disputes between parties