Real estate contracts create legally enforceable rights and obligations between buyers, sellers, and developers. Clear drafting is essential to avoid disputes.
Parties and property details
Sale consideration and payment terms
Possession and delivery timelines
Dispute resolution clauses
Ambiguous clauses or terms
Undisclosed encumbrances
Non-compliance with RERA regulations
Verify property title and approvals
Include clear dispute resolution mechanisms
Ensure compliance with RERA 2016
“A well-drafted contract protects both parties and minimizes litigation risks.”
Q1. Is RERA registration mandatory for builders?
A: Yes, as per Real Estate (Regulation and Development) Act, 2016.
Q2. Can a buyer cancel a contract?
A: Yes, under specific terms or due to builder’s default.
Q3. What is a standard dispute resolution clause?
A: Arbitration or mediation clause as per Indian Arbitration Act.
Q4. How to verify property title?
A: Check registered sale deeds, encumbrance certificates, and municipal approvals.
Q5. Can contracts be modified after signing?
A: Yes, if mutually agreed and documented legally.
