SALE DEED FOR AN INDUSTRIAL PLOT OR SHED
This sale deed is made at Chandigarh on 1 April 2026.
BETWEEN
Harpreet Singh, Son of Sh. Gurdev Singh, of House 12, Sector 35-A, Chandigarh, PAN ABCDE1234F, acting through Mr Kuldeep Singh, director, under board resolution dated 3 Oct 2026 (the "Seller")
AND
Aarav Sharma, Son of Sh. Gurdev Singh, of House 12, Sector 35-A, Chandigarh, PAN ABCDE1234F, acting through X (the "Buyer")
RECITALS
The Seller owns an industrial plot, being Plot 118 in Industrial Focal Point, Phase 8, Mohali, measuring 1,000 square yards (the "Property"), which the Seller got through Allotment letter dated 4 Feb 2005 and sale deed registered 10 Mar 2005. The Property is freehold, with no lease or allotment condition running to the allotting authority. It was allotted by The authority named in the allotment letter.
Built on the Property: Steel-frame shed, 6,000 sq. ft. covered.
- 1. SALE AND PRICE
The Seller sells and transfers the Property to the Buyer, with the building on it and all rights that go with it, for the price of ₹6,00,00,000 (Rupees Six Crore only), which the Seller admits having received in full as follows: Rs 60,00,000 by bank transfer on 20 Dec 2026, UTR 123456789012. Where the Property is held from the authority, what passes is the Seller's rights as allottee or lessee, and the Buyer takes them subject to the allotment or lease conditions.
Tax was deducted at source from the price and deposited as follows: X. The amount deducted counts as part of the price paid.
- 2. THE AUTHORITY AND ITS DUES
The authority has permitted this transfer: Permission letter no. 123 dated 5 Oct 2026. Authority's dues: All instalments, extension fees, transfer fees and other dues of the authority are paid up to date.
The Buyer will use the Property only for the purpose for which it was allotted or is permitted, and will keep to the conditions of the allotment or lease, the building plan and the pollution, fire and factory rules that apply to it.
- 3. THE SELLER'S PROMISES
Running unit: No unit is being run on the property; it is sold as it stands. Loan or charge: No loan or mortgage is outstanding on the property.
Connections that go with the Property: Industrial electricity connection, sanctioned load 50 kW; municipal water connection.
The Seller promises that the Seller is the full owner or allottee with the right to sell; that the Property is free from any other sale, gift, mortgage, lease, court case, attachment or claim, except as written in this deed; and that all property tax, electricity, water, effluent and maintenance dues up to the day of this deed have been paid. Vacant possession, with the keys and the original title papers, is handed to the Buyer today. If a better claim or earlier dues turn up, the Seller will put it right and make good the Buyer's loss.