AGREEMENT TO SELL A BUILDER FLOOR
Signed at Chandigarh on 1 April 2026.
BETWEEN
Harpreet Singh, Son of Sh. Gurdev Singh, of House 12, Sector 35-A, Chandigarh, PAN ABCDE1234F, together with X (the "Seller")
AND
Aarav Sharma, Son of Sh. Gurdev Singh, of House 12, Sector 35-A, Chandigarh, PAN ABCDE1234F, together with X (the "Buyer")
Where more than one person is named as Seller or as Buyer, each of them is bound by this agreement jointly and separately, and each must sign it.
- 1. THE FLOOR AND THE LAND SHARE
The Seller agrees to sell and the Buyer agrees to buy Second floor, covered area about 1,100 sq. ft. of the building standing on the plot at House 1234, Sector 20-C, Chandigarh, measuring 250 square yards, together with One-third undivided share in the plot in the land under the building (the "Floor").
Roof rights: The roof rights above this floor are sold to the Buyer with the floor. Wherever roof rights pass to the Buyer, they are the right to use the roof and to build on it only as far as the sanctioned plan and the law allow. The Buyer gets no roof right that this agreement does not give in words.
Common areas: with the owners of the other floors, the Buyer may use Main gate, entrance, staircase, passage, water tank and meter room. The Buyer will not block, close or build over any of them, and will bear a fair share of the cost of keeping them in repair.
Parking: Covered parking bay no. 2 in the stilt goes with the Floor.
- 2. TITLE
The Seller states that the Seller owns the Floor through Registered sale deed dated 12 June 2015, Sub-Registrar, Chandigarh, that the Seller alone is entitled to sell it, and that it is free from any other sale, gift, lease, court case, attachment or claim, except as written in this agreement.
Loan or mortgage: No loan or mortgage is outstanding on the plot or the floor.
Building plan and occupation papers: Plan sanctioned 4 March 2012; occupation certificate 9 May 2014. The Seller will show the Buyer these papers before registration.
- 3. PRICE AND PAYMENT
The total price for the Floor is ₹95,00,000 (Rupees Ninety Five Lakh only). The Buyer has paid ₹9,50,000 (Rupees Nine Lakh Fifty Thousand only) today as advance, by Bank transfer, UTR 123456789012, 15 October 2026, and the Seller acknowledges receiving it. The balance of ₹85,50,000 (Rupees Eighty Five Lakh Fifty Thousand only) is payable at the time the sale deed is registered.
Every payment will be made by bank transfer, cheque or demand draft, so that it can be traced, and not in cash.
Where the law requires the Buyer to deduct tax at source from the price, the Buyer will deduct it, deposit it within the time allowed and give the Seller the certificate. The tax so deposited counts as payment of that much of the price, and the Seller will give the PAN needed for it.