¶¶Òõ¶ÌÊÓÆµ

New Construction Purchase And Sale Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your New Construction Purchase And Sale Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

New Construction Purchase And Sale Agreement

"I need a New Construction Purchase and Sale Agreement for a luxury apartment complex in Mumbai, with specific provisions for imported materials and premium amenities, including a completion deadline of March 2025 and staged payment terms linked to construction milestones."

Document background
The New Construction Purchase and Sale Agreement is a crucial legal document used in India when purchasing property directly from a developer in new construction projects. This agreement is essential for both residential and commercial properties and must comply with the Real Estate (Regulation and Development) Act, 2016 (RERA), along with other state-specific real estate laws. It is used when a buyer purchases a property that is either under construction or newly completed, detailing everything from construction specifications to payment schedules. The agreement includes essential elements such as property details, possession timelines, warranties, and maintenance terms, while ensuring adherence to regulatory requirements for transparency and buyer protection. It serves as the primary contract governing the relationship between the developer and the buyer throughout the construction and handover process.
Suggested Sections

1. Parties: Identification and details of the Developer/Seller and the Purchaser(s)

2. Background: Context of the transaction, including project details and RERA registration information

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Detailed description of the property including unit number, floor area, specifications, and boundaries

5. Purchase Price: Total consideration, payment schedule, and payment methods

6. Payment Terms: Detailed payment milestones, installment schedule, and consequences of default

7. Construction Timeline: Agreed construction milestones, completion date, and possession timeline

8. Specifications and Amenities: Detailed specifications of construction, materials, and promised amenities

9. Warranties and Representations: Warranties from developer regarding title, approvals, and quality of construction

10. Purchaser's Covenants: Obligations and undertakings of the purchaser

11. Developer's Covenants: Obligations and undertakings of the developer

12. Possession and Handover: Terms and conditions for possession, inspection, and acceptance of the property

13. Maintenance and Usage: Terms regarding maintenance charges, society formation, and usage restrictions

14. Default and Remedies: Consequences of default by either party and available remedies

15. Force Majeure: Provisions for unforeseen circumstances affecting construction or completion

16. Notices: Method and addresses for serving notices between parties

17. Governing Law and Jurisdiction: Applicable laws and courts having jurisdiction

18. Dispute Resolution: Process for resolving disputes between parties

19. Execution: Signature clauses and execution formalities

Optional Sections

1. Loan and Financial Institution: Include when purchaser is obtaining bank financing, detailing tripartite arrangements

2. Car Parking: Include when specific car parking spaces are being allocated

3. Club Membership: Include when project includes club facilities with membership terms

4. Interior Work: Include when developer is providing custom interior work

5. Power Backup: Include when specific power backup facilities are being provided

6. Assignment Rights: Include when allowing assignment of rights before possession

7. Stamp Duty Provisions: Include when specific arrangements for stamp duty payment are needed

8. GST Provisions: Include when specific GST arrangements or benefits apply

9. Environmental Compliance: Include when project requires specific environmental commitments

Suggested Schedules

1. Schedule A - Property Description: Detailed technical description of the property with measurements and boundaries

2. Schedule B - Payment Schedule: Detailed breakdown of payment installments and construction-linked payment milestones

3. Schedule C - Specifications: Detailed construction specifications, materials, and finishing details

4. Schedule D - Floor Plan: Approved floor plan of the unit with dimensions

5. Schedule E - Common Areas and Facilities: Details of common areas, facilities, and their usage rights

6. Schedule F - Maintenance Terms: Detailed maintenance charges and terms

7. Schedule G - Construction Timeline: Detailed construction and delivery milestones

8. Schedule H - List of Approvals: List of obtained and pending approvals

9. Appendix 1 - RERA Registration: Copy of RERA registration certificate and details

10. Appendix 2 - Title Documents: Summary of title documents and encumbrance certificate

11. Appendix 3 - Amenities Layout: Layout plan showing project amenities and facilities

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



















































Clauses




































Relevant Industries

Real Estate Development

Construction

Property Development

Residential Real Estate

Commercial Real Estate

Banking and Finance

Legal Services

Architecture and Design

Urban Development

Relevant Teams

Legal

Real Estate

Sales

Compliance

Construction

Project Management

Finance

Property Management

Business Development

Risk Management

Relevant Roles

Real Estate Developer

Property Manager

Construction Manager

Legal Counsel

Real Estate Attorney

Project Manager

Sales Director

Compliance Officer

Property Consultant

Financial Controller

Architect

Civil Engineer

Real Estate Agent

Contract Manager

Development Director

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Contract For Sale Of Immovable Property

An Indian law-governed agreement for the transfer of immovable property from seller to purchaser, outlining sale terms and conditions.

find out more

Buyer Agreement

An Indian law-governed agreement establishing terms and conditions for purchase of goods or services, detailing buyer and seller obligations.

find out more

Sellers Agreement (Real Estate)

An Indian law-compliant agreement documenting terms and conditions for the sale of real estate property between seller and buyer.

find out more

Owner Contract (Real Estate)

An Indian law-governed contract documenting real estate ownership transfer, detailing property specifics, payment terms, and parties' obligations.

find out more

License Agreement (Real Estate)

An Indian law-governed agreement granting temporary rights to use real estate property without creating tenancy rights.

find out more

Lease Purchase Agreement Property

An Indian law-compliant agreement combining property lease terms with a future purchase option, subject to Transfer of Property Act and state regulations.

find out more

Joint Venture Agreement (Real Estate)

An Indian law-governed agreement establishing a joint venture between parties for real estate development or investment, incorporating RERA compliance and local regulatory requirements.

find out more

Joint Development Agreement (Real Estate)

An Indian law-governed agreement between landowner and developer for joint real estate development, detailing rights, responsibilities, and profit-sharing arrangements.

find out more

Equity Sharing Agreement (Real Estate)

A legally binding agreement for real estate co-ownership and equity sharing in India, outlining ownership rights, financial terms, and management responsibilities.

find out more

Corporate Lease For Residential Property

A legally-compliant corporate residential lease agreement for use in India, governing the rental of residential property by companies for employee housing.

find out more

Option To Purchase Real Estate Agreement

An Indian law-governed agreement granting a potential buyer the right to purchase specific real estate at a preset price within a defined period.

find out more

Commercial Real Estate Agreement

An Indian law-governed agreement establishing terms and conditions for commercial property transactions, including lease, sale, or transfer of commercial real estate.

find out more

Real Estate Offer And Acceptance Contract

An Indian law-compliant contract documenting property sale terms between buyer and seller, including purchase price, conditions, and closing requirements.

find out more

Contract To Sell Land

An Indian law-governed agreement establishing terms for the future transfer of land from seller to purchaser, subject to specified conditions and legal requirements.

find out more

Land Development Agreement

An Indian law-governed agreement between property owner(s) and developer(s) establishing terms for land development, including rights, obligations, and project specifications.

find out more

One To Four Family Residential Contract

An Indian law-compliant contract for the purchase and sale of residential properties containing one to four family units, incorporating all essential elements required under Indian property legislation.

find out more

Commercial Real Estate Contract

An Indian law-governed agreement for commercial real estate transactions, detailing property transfer terms and compliance requirements.

find out more

Residential Real Estate Lease

Indian residential lease agreement template compliant with national and state-specific rental laws, establishing terms for residential property rental.

find out more

Residential Real Estate Contract

An Indian law-governed agreement for the sale and purchase of residential property, detailing property transfer terms and parties' obligations.

find out more

Property Buyout Agreement

An Indian law-governed agreement facilitating the complete purchase and transfer of property ownership, outlining terms, conditions, and compliance requirements for property sale transactions.

find out more

Personal Property Purchase Agreement

An Indian law-governed agreement that documents the sale and transfer of personal property between parties, including terms, conditions, and obligations of the transaction.

find out more

Lease For Residential Property

An Indian law-compliant agreement establishing terms and conditions for residential property rental between landlord and tenant.

find out more

Joint Ownership Of Property Agreement

An Indian law-compliant agreement establishing rights and responsibilities between multiple property co-owners, governing shared ownership and management of real estate assets.

find out more

Generic Real Estate Contract

Standard real estate contract template for property transactions in India, compliant with Indian property laws and regulations.

find out more

Commercial Contract Unimproved Property

Template for commercial transactions of unimproved property in India, ensuring compliance with Indian property and contract law.

find out more

Simple Property Lease Agreement

A standardized property lease agreement compliant with Indian law, establishing terms and conditions for property rental between lessor and lessee.

find out more

New Construction Purchase And Sale Agreement

An Indian law-compliant agreement for the sale and purchase of newly constructed property, incorporating RERA requirements and construction specifications.

find out more

Home Contract Agreement

An Indian legal document establishing terms and conditions for residential property occupation, rental, or purchase, governed by national property laws and state-specific regulations.

find out more

New Home Purchase Agreement

An Indian law-governed agreement for the purchase of new residential property from a developer, detailing sale terms and ensuring RERA compliance.

find out more

Real Estate Contract Agreement

An Indian law-governed agreement for the sale and purchase of real estate property, outlining terms, conditions, and obligations of all parties involved.

find out more

Offer To Purchase And Contract

A legally binding agreement under Indian law that combines a property purchase offer with contract terms, ensuring compliance with national and state property legislation.

find out more

Joint Sale Agreement Property

An Indian law-compliant agreement facilitating the sale of jointly-owned property to a purchaser, outlining terms, conditions, and ownership transfer details.

find out more

Real Estate Purchase Agreement With Seller Financing

An Indian law-governed agreement for real estate purchase where the seller provides financing to the buyer, combining property sale and financing terms in compliance with Indian legislation.

find out more

Basic Real Estate Contract

A standard real estate purchase agreement compliant with Indian property laws, establishing terms for property transfer between parties.

find out more

Unimproved Property Contract

An Indian law-governed agreement for the sale and purchase of unimproved property, ensuring compliant transfer of undeveloped land ownership.

find out more

Real Estate Profit Sharing Agreement

An Indian law-governed agreement establishing profit-sharing arrangements between parties in real estate ventures, detailing investment terms, profit distribution, and management rights.

find out more

Real Estate Buyers Contract

An Indian law-compliant agreement for real estate property purchase and sale, incorporating RERA requirements and essential transaction terms.

find out more

Assignment Of Land Contract

An Indian law-compliant contract for transferring land ownership rights from one party to another, requiring official registration and stamp duty payment.

find out more

Commercial Property Sale Agreement

An Indian law-governed agreement for the sale and purchase of commercial property, detailing terms, conditions, and compliance requirements for property transfer.

find out more

Buy Sell Agreement Between Co Owners Of Real Property

An Indian law-compliant agreement governing the terms and conditions of property co-ownership, including transfer and sale provisions between joint owners.

find out more

Owner Finance Real Estate Contract

An Indian law-governed agreement where the property seller provides direct financing to the buyer, combining property sale and loan terms in compliance with Indian legal requirements.

find out more

Residential Purchase Contract

An Indian law-governed agreement for the purchase and sale of residential property, incorporating all essential elements required under Indian property legislation.

find out more

Simple Real Estate Purchase Agreement Between Family Members

An Indian law-compliant agreement for real estate property transfer between family members, incorporating both standard property transfer requirements and family-specific considerations.

find out more

Real Estate Exchange Agreement

An Indian law-governed agreement facilitating the mutual exchange of real estate properties between parties, requiring formal registration under Indian property laws.

find out more

Residential Land Lease Agreement

An Indian law-compliant agreement establishing terms for leasing land for residential purposes, detailing rights and obligations of lessor and lessee.

find out more

Residential Contract Of Sale

An Indian law-governed agreement for the sale and purchase of residential property, detailing transfer terms and ensuring legal compliance.

find out more

Simple For Sale By Owner Contract

An Indian legal agreement for direct property sales between private parties, compliant with the Transfer of Property Act and state regulations.

find out more

Seller Agreement Contract

A legal agreement governed by Indian law that establishes terms and conditions for the sale of goods or services between parties.

find out more

Commercial Lease Purchase Agreement

An Indian law-governed agreement combining commercial property lease terms with a future purchase option, establishing rights and obligations for both leasing and eventual property acquisition.

find out more

Commercial Property Contract

An Indian law-governed contract for commercial property sale/purchase, detailing transfer terms and obligations of all parties involved.

find out more

Agency Agreement For The Sale Of Residential Property

An Indian law-governed agreement between property owner and real estate agent for residential property sale services, compliant with RERA regulations.

find out more

Real Estate Operating Agreement

An Indian law-governed agreement establishing terms for real estate property operations and management between owners and operating entities.

find out more

Commercial Sales Agreement

A legally binding contract for business-to-business sale of goods/services under Indian law, outlining key commercial terms and conditions.

find out more

Vacant Land Lease Agreement

An Indian law-governed agreement establishing terms for leasing vacant land, compliant with the Transfer of Property Act and state regulations.

find out more

Simple Real Estate Sales Contract

An Indian law-governed contract for the sale and purchase of real estate property, outlining key terms and conditions for property transfer.

find out more

Land Exchange Agreement

An Indian legal document facilitating mutual transfer of land properties between parties, governed by the Transfer of Property Act and requiring mandatory registration.

find out more

Residential Property Lease Agreement

An Indian law-compliant agreement establishing terms and conditions for residential property rental, governed by national and state-specific property legislation.

find out more

Real Estate Agreement Contract

A legally binding real estate agreement document compliant with Indian property laws that facilitates property transfer or transaction between parties.

find out more

Offer To Purchase Contract

A legally binding document under Indian law that outlines terms and conditions for a proposed property purchase, serving as the initial agreement between buyer and seller.

find out more

Commercial Real Estate Purchase Agreement

An Indian law-governed agreement for the purchase and sale of commercial real estate, detailing transaction terms and ensuring regulatory compliance.

find out more

Real Estate Investment Agreement

An Indian law-governed agreement establishing terms and conditions for real estate investment, compliant with RERA and related legislation.

find out more

Wholesale Real Estate Contract

An Indian law-governed contract for wholesale real estate transactions, enabling property acquisition with assignment rights for subsequent resale.

find out more

Wholesale Agreement Contract

An Indian law-governed agreement establishing terms and conditions for wholesale trading relationships and bulk supply of goods between business entities.

find out more

Property Co Ownership Agreement

An Indian law-governed agreement establishing rights and responsibilities between multiple owners of a single property.

find out more

House Contract Agreement

An Indian law-governed agreement establishing terms and conditions for residential property rental, defining rights and obligations of landlord and tenant.

find out more

Agreement Between Brokers For Residential Lease

An India-compliant agreement governing cooperation and commission sharing between real estate brokers for residential lease transactions.

find out more

Commission Agreement (Real Estate)

An Indian law-governed agreement establishing commission terms between property owners and real estate agents, compliant with RERA regulations.

find out more

Real Estate Purchase Agreement

A legally binding agreement under Indian law for the transfer of real estate property from seller to purchaser, detailing terms, conditions, and obligations of the transaction.

find out more

Purchase Contract (Real Estate)

Indian law-compliant real estate purchase agreement template for property transactions, incorporating all essential elements under Indian property law.

find out more

Property Lease Agreement

An Indian law-compliant agreement establishing terms and conditions for property lease between landlord and tenant, subject to national and state-specific property laws.

find out more

Property Contract

An Indian law-compliant agreement for the transfer of immovable property, detailing terms, conditions, and obligations of the involved parties.

find out more

Land Purchase Agreement

An Indian law-governed agreement documenting the transfer of land ownership between parties, specifying sale terms, property details, and statutory compliance requirements.

find out more

House Contract

An Indian law-compliant agreement establishing terms and conditions for residential property rental between landlord and tenant.

find out more

Commercial Property Lease Agreement

An Indian law-compliant agreement governing the lease of commercial property between landlord and tenant, setting out terms for occupation, rent, and obligations.

find out more

Wholesale Assignment Contract

An Indian law-governed agreement for transferring wholesale trading rights and obligations between commercial entities.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.