Document background
The Online Real Estate Purchase Agreement is designed for property transactions in India where parties prefer or require digital execution and documentation. This agreement becomes particularly relevant in situations involving remote buyers, interstate transactions, or when parties seek to streamline the traditional property purchase process through digital means. It incorporates all standard elements of a property purchase agreement while adding specific provisions for electronic execution, digital documentation, and online payment mechanisms. The document ensures compliance with Indian property laws, including the Transfer of Property Act, 1882, Registration Act, 1908, and the Information Technology Act, 2000, making it suitable for modern real estate transactions while maintaining legal validity. It's especially useful in the post-pandemic environment where remote transactions have become increasingly common.
