SALE DEED FOR A SHOP OR SCO
This Sale Deed (this "Deed") is made at Chandigarh on 1 April 2026.
BETWEEN
Harpreet Singh, son of Sh. Balwant Singh, of House No. 118, Sector 35-A, Chandigarh, PAN ABCDE1234F (the "Seller", which expression includes the co-owners named below, if any);
AND
Aarav Sharma, son of Sh. Rakesh Sharma, of House No. 211, Sector 21, Panchkula, PAN PQRSX5678L (the "Buyer").
Co-owners joining as Sellers: X
RECITALS
A. The Seller is the owner/allottee/lessee of the property described in the Schedule below — SCO 120-121, First Floor, at SCO 120-121, First Floor, Sector 34-A, Chandigarh (the "Property") — holding it as Freehold commercial unit, on the strength of Sale Deed No. 1842 dated 12 June 2018, registered with the Sub-Registrar, Chandigarh.
B. Not applicable — the unit is freehold and no such No Objection Certificate is required
C. The Seller has agreed to sell, and the Buyer has agreed to purchase, the Property for the consideration stated below, free from encumbrance except as disclosed.
NOW THIS DEED WITNESSES as follows.
- 1. CONVEYANCE
1.1 In consideration of ₹2,50,00,000 (Rupees Two Crore Fifty Lakh only) paid by the Buyer to the Seller, the Seller as absolute owner (or, where the Property is leasehold or allotted, as holder of the transferable rights described in Recital A) hereby sells, conveys, transfers and assigns unto the Buyer, absolutely and forever, all the Seller's right, title and interest in the Property described in the Schedule below, together with all rights, easements and appurtenances attached to it, TO HOLD the same unto the Buyer absolutely.
- 2. CONSIDERATION AND PAYMENT
2.1 The total sale consideration for this transfer is ₹2,50,00,000 (Rupees Two Crore Fifty Lakh only).
2.2 The Seller confirms receipt of the whole of the sale consideration before execution of this Deed, and acknowledges that no part of it remains outstanding
2.3 Particulars of payment: Rs 25,00,000 paid by bank transfer on 10 September 2026 (UTR N026250910000221) and Rs 2,25,00,000 paid by RTGS on 20 December 2026 (UTR N026251220000119).
- 3. POSSESSION
3.1 Vacant physical possession of the property is delivered by the Seller to the Buyer on execution of this Deed
- 4. ENCUMBRANCES
4.1 The Seller conveys the property free from all mortgages, charges, liens, attachments and other encumbrances of every kind, and free from any claim of a third party
- 5. COMMON AREAS AND PERMITTED USE
5.1 Common access, parking and service rights pass only as attached to the title/allotment, with no separate ownership of any common area
5.3 Disclosed use: Commercial SCO use under Estate Office allotment; presently used as a retail showroom.. This disclosure does not warrant that any future trade the Buyer proposes is, or will remain, permitted; the Buyer should verify that independently.