AGREEMENT FOR SALE OF A PLOT IN A PLOTTED COLONY
This Agreement is made on 1 April 2026 at S.A.S. Nagar (Mohali)
BETWEEN
ABC Developers Private Limited, of SCO 10, Sector 17, Chandigarh (the "Promoter"),
AND
Aarav Sharma, of House No. 211, Sector 21, Panchkula (the "Buyer").
- 1. The Promoter is developing the plotted colony called Green Valley Enclave. The colony has the following approvals and registration:
Licence or permission No. ____ dated ____ of the development authority; RERA registration No. ____
- 2. The Promoter agrees to sell and the Buyer agrees to buy Plot No. 112, measuring 200 square yards, at Green Valley Enclave, Sector 115, S.A.S. Nagar (Mohali) (the "Plot").
- 3. The total price of the Plot is ₹85,00,000 (Rupees Eighty Five Lakh only). The Buyer has paid ₹8,00,000 (Rupees Eight Lakh only) on signing, which the Promoter acknowledges. The balance will be paid as follows:
Rs 25,00,000 within 30 days; Rs 25,00,000 when roads and sewer are complete; the balance at the sale deed.
- 4. The Promoter has not taken, and will not take, more of the price before this Agreement is executed and registered than the real estate law allows.
- 5. The Promoter states that it has clear title to the land and the right to sell the Plot, free of any charge or dispute, except as disclosed here: None.
- 6. The Promoter shall complete the following development works in the colony:
Internal roads, storm-water drains, sewer, water supply, electricity connection to the plot boundary, street lights, park and boundary wall of the colony.
- 7. The Promoter shall give possession of the Plot by 2 April 2026. If it is late, the Promoter shall pay interest on the amounts paid by the Buyer, at the rate and in the way the real estate law and rules prescribe, until possession is given.
- 8. On full payment and completion of the works in clause 6, the Promoter shall execute and register the sale deed of the Plot in favour of the Buyer within 90 days. The stamp duty and registration charges on the sale deed shall be borne by the Buyer.
- 9. The Promoter shall not change the layout of the colony, or the area or boundaries of the Plot, without the Buyer's written consent, except as the law allows.
- 10. If the Buyer fails to pay an instalment when due, the Promoter shall give a written notice and 30 days to pay. If the Buyer still does not pay, the Promoter may cancel this Agreement as the real estate law permits, and shall refund the amounts paid after deducting only what that law allows.
- 11. Any dispute under this Agreement may be taken to the Real Estate Regulatory Authority or to the courts at S.A.S. Nagar (Mohali), as the law allows.
- 12. This Agreement shall be stamped and registered as the law requires.
Signed by the parties on the date written above.
Signature: ______________________________
PROMOTER: ABC Developers Private Limited