ਆਪਣੀ ਜਾਣਕਾਰੀ ਭਰੋ

BUILDER-BUYER AGREEMENT — RESIDENTIAL FLAT

BETWEEN

__________, of __________, PAN __________, acting through __________ (the "Promoter");

AND

RECITALS

A. The Promoter is developing the project known as __________ at __________, registered with the Real Estate Regulatory Authority under registration No. __________, on land held under __________, with building plan sanctioned under __________.

B. The Promoter confirms it maintains the separate RERA-designated account required by section 4(2)(l)(D) of the Real Estate (Regulation and Development) Act, 2016, into which seventy per cent of the amounts realised from allottees for this project are deposited, to be used only for the land and construction cost of the project

C. The Allottee has booked, and the Promoter has agreed to sell, the unit described below, on the terms of this Agreement, consistently with section 13 of the Real Estate (Regulation and Development) Act, 2016.

NOW THIS AGREEMENT WITNESSES as follows.

1. 1. THE UNIT

1. 2. PRICE AND PAYMENT

1. 3. POSSESSION

1. 4. DEFECT LIABILITY

1. 5. ALLOTTEE'S DEFAULT

1. 6. TRANSFER OF TITLE

6.1 This Agreement is an agreement for sale, and does not by itself convey title. Title passes only on execution and registration of a proper conveyance/Sale Deed in the Allottee's favour, after the Promoter has performed its obligations under this Agreement and applicable law, including obtaining the occupation/completion certificate for the project or the relevant phase.

1. 8. DISPUTE RESOLUTION AND GOVERNING LAW

8.3 This Agreement is governed by the laws of India, including the Real Estate (Regulation and Development) Act, 2016 and the rules made under it for Punjab and for the Union Territory of Chandigarh.

1. 9. GENERAL

9.1 This Agreement is the entire agreement between the parties about the unit and supersedes the Allotment Letter and all prior discussion to the extent inconsistent with this Agreement.

9.2 No amendment is effective unless made in writing and signed by both parties.

9.3 If any provision is held invalid or unenforceable, the rest of this Agreement continues in effect.

SIGNED for the PROMOTER
__________

Signature: ______________________________

Signature: ______________________________

WITNESSES