If the transfer of the property is made later and it is subject to other conditions, this is called a sales contract. A sales contract is for sale if the conditions are met or if time runs out until the property is transferred. Thus, we can conclude that a deed of sale occurs when it is subject to an immediate transfer of ownership. If not, it is a sale agreement. A purchase or sale agreement does not give you any rights or interest on the property you are going to buy. On the other hand, a sales statement (buyer) gives you all the rights and interests of the property. In addition, a deed of sale immediately transfers the entire risk associated with the property, while the risks remain with the seller in the event of a sales contract. The Supreme Court also reaffirmed the importance of the contract of sale between the owner and the purchaser, since it recently decided that the period of awarding a dwelling unit to a home buyer should be taken into account from the date of the owner-buyer agreement and not from the date of registration of the project under the Real Estate Act (regulation and development). , 2016.

The court also ordered the rera authorities to order the payment of compensation by the contractor, in accordance with the sales contract whose unsealability was upheld by this decision. When buying a property, people make an agreement with the seller. This contract can be entered into by a sales agreement or a sales contract. Both documents are therefore essential for the transfer of the buyer`s property, although at different stages of the sales activity. However, for the execution of these documents, 2 parts: the buyer and the seller must be present at the transfer of ownership. The seller must be responsible for entering into a sale or sale agreement, as he has an undisputed title on the land that wishes to be sold. There must also be a reflection on the money to place the property for the benefit of the buyer. The transfer of ownership in question is ongoing on the transfer of rights and liabilities related to the property of the subject and such a transfer associated with money leads to a sale that is led by the agreement to sell and ultimately concluded by deed Sale.

Apart from the limited right granted to purchasers under Section 53A, any sale that does not meet the requirements of Section 54 and Section 55 of the “Transfer of Ownership Act” does not return the title or transfer the interest of the property to the purchaser. A deed of sale is a document that effectively transfers the rights attached to a property from one party to another. It is generally designed as a continuation of the agreement for sale.