{"id":15054,"date":"2026-10-18T06:57:00","date_gmt":"2026-10-18T01:27:00","guid":{"rendered":"https:\/\/www.infipark.com\/articles\/?p=15054"},"modified":"2026-10-06T20:20:27","modified_gmt":"2026-10-06T14:50:27","slug":"the-real-estate-legal-toolkit-essential-contracts-for-land-acquisition-conveyance-and-development","status":"publish","type":"post","link":"https:\/\/www.infipark.com\/articles\/the-real-estate-legal-toolkit-essential-contracts-for-land-acquisition-conveyance-and-development\/","title":{"rendered":"The Real Estate Legal Toolkit: Essential Contracts for Land Acquisition, Conveyance, and Development"},"content":{"rendered":"\n

The Real Estate Legal Toolkit: Essential Contracts for Land Acquisition, Conveyance, and Development<\/strong><\/h1>\n\n\n\n
Document Name<\/th>Category<\/th>Core Purpose & Scope<\/th><\/tr><\/thead>
STATEMENT OF TRANSFER OF IMMOVABLE PROPERTY FOR OBTAINING NO OBJECTION CERTIFICATE FROM APPROPRIATE AUTHORITY, INCOME TAX DEPARTMENT<\/td>Statutory Form<\/td>Form No. 37-I under Rule 48L \/ Sec 269UC of Income-tax Act, 1961 to furnish property transfer details for NOC from Appropriate Authority.<\/td><\/tr>
SALE OF PROPERTY TO VARIOUS PURCHASERS IN DIFFERENT PORTIONS<\/td>Sale Deed<\/td>Conveys specific separate portions of a single property to multiple individual purchasers.<\/td><\/tr>
SALE OF PROPERTY TO VARIOUS PURCHASERS AS TENANTS INCOMMON<\/td>Sale Deed<\/td>Transfers property to multiple buyers jointly as tenants-in-common in equal undivided shares.<\/td><\/tr>
FORM OF DECLARATION BY THE SOLE OWNER OR OWNERS OF THE LAND FOR SUBMITTING THE LAND AND BUILDINGS UNDER MAHARASHTRA APARTMENT OWNERSHIP ACT, 1970<\/td>Statutory Declaration<\/td>Submits land and constructed buildings to the condominium framework under the Maharashtra Apartment Ownership Act, 1970.<\/td><\/tr>
DEVELOPMENT AGREEMENT BY THE LANDLORDS IN FAVOUR OF A BUILDER<\/td>Development Agreement<\/td>Appoints a developer\/builder to construct buildings on landlord property, handle ULCR NOCs, and manage flat allotments.<\/td><\/tr>
DEED OF APARTMENT<\/td>Conveyance Deed<\/td>Grants proprietary rights to an individual apartment along with an undivided share in common areas under Sec 12 of the Maharashtra Apartment Ownership Act, 1970.<\/td><\/tr>
AGREEMENT FOR SALE OF FLAT BY A FLAT PURCHASER, WHEN CO OPERATIVE SOCIETY HAS NOT BEEN FORMED AND FLAT IS NOT READY<\/td>Tripartite Assignment<\/td>Assigns flat buyer’s purchasing rights under an uncompleted building project to a new transferee with builder confirmation.<\/td><\/tr>
SALE DEED OF A HOUSE<\/td>Conveyance Deed<\/td>Absolute transfer of residential house and freehold land parcel to the purchaser free from encumbrances.<\/td><\/tr>
SALE DEED IN RESPECT OF LEASEHOLD LAND<\/td>Leasehold Assignment<\/td>Transfers remaining leasehold rights in sub-divided plots and structures with ULC permission.<\/td><\/tr>
AGREEMENT FOR TRANSFER OF DEVELOPMENT RIGHTS<\/td>TDR \/ Sub-Development<\/td>Grants construction rights for specific buildings within a larger complex\/layout to a developer.<\/td><\/tr>
SALE BY OFFICIAL LIQUIDATOR OF THE COMPANY<\/td>Court \/ Liquidator Sale<\/td>Conveyance of company property sold via court-sanctioned public auction by an official liquidator.<\/td><\/tr>
PACKAGE DEAL AGREEMENT FOR SALE OF FLATS IN BULK TO A PURCHASER<\/td>Bulk Sale Agreement<\/td>Contract to construct and sell multiple buildings\/flats in bulk to a corporate buyer for executive\/staff housing.<\/td><\/tr>
SALE BY THE MANAGER OF THE ESTATE OF A LUNATIC<\/td>Fiduciary Sale Deed<\/td>Court-permitted sale of a property by an appointed manager on behalf of an insolvent or incapacitated individual.<\/td><\/tr>
SALE DEED BY LIQUIDATOR IN THE VOLUNTARY WINDING UP OF THE COMPANY<\/td>Liquidator Conveyance<\/td>Transfers company real estate during voluntary winding up by a liquidator pursuant to member resolutions.<\/td><\/tr>
AGREEMENT FOR SALE OF AN APARTMENT<\/td>Agreement for Sale<\/td>Contract for sale of an apartment under construction, setting installment payments, completion terms, and statutory compliance.<\/td><\/tr>
SALE DEED BY LIQUIDATOR IN THE VOLUNTARY WINDING UP<\/td>Liquidator Conveyance<\/td>Deed executing sale of company properties in voluntary liquidation following public advertisement and agreement.<\/td><\/tr>
SALE OF A HOUSE BY AN EXECUTOR APPOINTED UNDER A WILL<\/td>Executor Sale Deed<\/td>Conveys residential property by a probated Will executor to pay estate legacies and debts.<\/td><\/tr>
AGREEMENT FOR SALE FOR PURCHASE OF A PLOT FOR CONSTRUCTING FLATS<\/td>Land Sale Agreement<\/td>Vendor agreement to sell a freehold plot of land to a developer company for constructing residential flats.<\/td><\/tr>
AGREEMENT FOR SALE OF A HOUSE<\/td>Property Sale Agreement<\/td>Contract outlining standard terms, earnest money, title inspection, and breach conditions for purchasing a house.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\n\n\n\n

STATEMENT OF TRANSFER OF IMMOVABLE PROPERTY FOR OBTAINING NO\u2011OBJECTION CERTIFICATE FROM APPROPRIATE AUTHORITY, INCOME\u2011TAX DEPARTMENT<\/strong><\/h2>\n\n\n\n

FORM No. 37\u2011I<\/p>\n\n\n\n

(See rule 48L)<\/p>\n\n\n\n

Statement of agreement for transfer of Immovable property to be furnished to the<\/strong><\/p>\n\n\n\n

appropriate authority under section 269UC of the Income\u2011tax Act, 1961<\/strong><\/p>\n\n\n\n

Agreement made this \u2026\u2026\u2026.day of\u2026\u2026\u2026.in the year 19\u2026\u2026\u2026. between. \u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.<\/p>\n\n\n\n

[name(s) and address(es) of the transferor(s)]<\/p>\n\n\n\n

hereinafter called the transferor(s) of the ONE PART AND ……………………………… \u2026\u2026\u2026. [name(s) and address(es)<\/p>\n\n\n\n

\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026. hereinafter called the transferee(s)<\/p>\n\n\n\n

of the transferee(s)]<\/p>\n\n\n\n

of the OTHER PART: It is hereby agreed by and between the parties as follows:<\/p>\n\n\n\n

1. The transferor(s) and the transferee(s) agree to transfer of the immovable property located at \u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.and described in the Schedule hereunder written by\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.<\/p>\n\n\n\n

(Indicate the mode of transfer, e.g. sale, exchange, lease, etc.)<\/p>\n\n\n\n

2. The total apparent consideration for the transfer of the immovable property is<\/p>\n\n\n\n

\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026(.\u2026\u2026\u2026.\u2026\u2026 \u2026)\u2026.\u2026\u2026\u2026.\u2026<\/p>\n\n\n\n

(in words)                                                                                            (In figures)<\/p>\n\n\n\n

3. \u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.<\/p>\n\n\n\n

(Write here other terms of the agreement for transfer)<\/p>\n\n\n\n

4. The particulars of the transferor(s), transferee(s), and other details about the transaction are furnished in the annexure to this agreement.<\/p>\n\n\n\n

The Schedule above referred to:<\/p>\n\n\n\n

\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.<\/p>\n\n\n\n

(Detailed description of the immovable property proposed to be transferred)<\/p>\n\n\n\n

Verification<\/strong><\/p>\n\n\n\n

In witness of the above agreement for sale, the parties hereto solemnly declare that what is stated above and in the annexure (including the document(s) accompanying such annexure), to the extent it relates to the respective party, is correct and complete to the best of their knowledge and belief. Each party further declares that he is competent to sign this agreement and verify its content.<\/p>\n\n\n\n

Transferor(s)                                                                                                   Transferee(s)<\/p>\n\n\n\n

1. \u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.                                                                                1. \u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.<\/p>\n\n\n\n

Father’s\/Husband’s name:                                                                  Father\u2019s\/Husband’s name:<\/p>\n\n\n\n

2. \u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.                                                                                2. \u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.<\/p>\n\n\n\n

Father’s\/Husband’s name:                                                                  Father\u2019s\/Husband’s name:<\/p>\n\n\n\n

3. \u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.                                                                                3. \u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.<\/p>\n\n\n\n

            Father\u2019s\/Husband’s name:                                                                  Father\u2019s\/Husband’s name:<\/p>\n\n\n\n

4. \u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.                                                                                4. \u2026\u2026\u2026.\u2026\u2026\u2026.\u2026\u2026\u2026.<\/p>\n\n\n\n

Father\u2019s\/Husband’s name:                                                                 Father\u2019s\/Husband’s name:<\/p>\n\n\n\n

Annexure<\/strong><\/p>\n\n\n\n

(Particulars of the agreement for transfer of immovable property)<\/p>\n\n\n\n

1. Particulars of the transferor(s):\u00ad<\/p>\n\n\n\n

            (i) Name(s)<\/p>\n\n\n\n

(ii) Father’s\/Husband’s name<\/p>\n\n\n\n

(iii) Present address(es)<\/p>\n\n\n\n

                        (a) Plot No.<\/p>\n\n\n\n

                        (b) Lane\/Street<\/p>\n\n\n\n

                        (c) Locality<\/p>\n\n\n\n

                        (d) City\/Town with PIN code<\/p>\n\n\n\n

                        (e) District<\/p>\n\n\n\n

                        (f)  State<\/p>\n\n\n\n

                        (g) Telephone No.<\/p>\n\n\n\n

(iv) Permanent address(es)<\/p>\n\n\n\n

                        (a) Plot No.<\/p>\n\n\n\n

                        (b) Lane\/Street<\/p>\n\n\n\n

                        (c) Locality<\/p>\n\n\n\n

                        (d) City\/Town with PIN code<\/p>\n\n\n\n

(e) District<\/p>\n\n\n\n

(f) State<\/p>\n\n\n\n

(g) Telephone No.<\/p>\n\n\n\n

(v) Permanent Account No.<\/p>\n\n\n\n

            (vi) Ward\/Circle\/Special Range and place where assessed to income\u2011tax<\/p>\n\n\n\n

2. Particulars of the transferee(s):\u00ad<\/p>\n\n\n\n

            (i) Name(s)<\/p>\n\n\n\n

            (ii) Father\u2019s\/Husband’s name<\/p>\n\n\n\n

(iii) Present address(es)<\/p>\n\n\n\n

(a)Plot No.<\/p>\n\n\n\n

(b)Lane\/Street<\/p>\n\n\n\n

(c) Locality<\/p>\n\n\n\n

(d) City\/Town with PIN code<\/p>\n\n\n\n

(e) District<\/p>\n\n\n\n

(f) State<\/p>\n\n\n\n

(g) Telephone No.<\/p>\n\n\n\n

(iv)Permanent address(es)<\/p>\n\n\n\n

                        (a) Plot No.<\/p>\n\n\n\n

                        (b) Lane\/Street<\/p>\n\n\n\n

                        (c) Locality<\/p>\n\n\n\n

                        (d) City\/Town with PIN code<\/p>\n\n\n\n

                        (e) District<\/p>\n\n\n\n

                        (f) State<\/p>\n\n\n\n

                        (g) Telephone No.<\/p>\n\n\n\n

(v)Permanent Account No.<\/p>\n\n\n\n

(vi)Ward\/Circle\/Special Range and place where assessed to income\u2011tax<\/p>\n\n\n\n

3. Particulars of the property sought to be transferred:\u00ad<\/p>\n\n\n\n

            (i) (a) Area of vacant land<\/p>\n\n\n\n

                (b) Area of land occupied by any superstructure<\/p>\n\n\n\n

                (c) Total land area<\/p>\n\n\n\n

            (ii) Floor\u2011wise plinth areas<\/p>\n\n\n\n

            (iii) Plant and machinery ,<\/p>\n\n\n\n

            (iv) Furniture and fixtures attached<\/p>\n\n\n\n

            (v) Other assets<\/p>\n\n\n\n

(vi) Area of car parking space<\/p>\n\n\n\n

(vii) Area of terrace, if any<\/p>\n\n\n\n

(viii) Permissible Floor Area Ratio\/Floor Space Index<\/p>\n\n\n\n

Enclose copies of building plan, layout plan and site plan.<\/p>\n\n\n\n

4. Nature of interest or right proposed to be transferred. Please indicate whether the property consists of:<\/p>\n\n\n\n

(i)         ownership, or<\/p>\n\n\n\n

(ii)        membership of co\u2011operative society, or association of persons, or a company (Please indicate the number of shares and their value), or<\/p>\n\n\n\n

(iii)       lease, or<\/p>\n\n\n\n

(iv)       right to possession taken or retained in part performance of a contract of the nature referred to in section 53A of the Transfer of Property Act, 1882, or any agreement or arrangement of whatever nature, or<\/p>\n\n\n\n

(v)        any other (please specify)<\/p>\n\n\n\n

5. Particulars of consideration for transfer:<\/p>\n\n\n\n

(i)         If the transfer is by way of sale, please state the consideration as per the agreement for transfer in respect of various assets:<\/p>\n\n\n\n

(a)<\/p>\n\n\n\n

(b)<\/p>\n\n\n\n

(c)<\/p>\n\n\n\n

(d)<\/p>\n\n\n\n

(e)<\/p>\n\n\n\n

(ii)        If the transfer is by way of exchange for a thing\/things, or by way of exchange for a thing\/things and a sum of money, please state the price that such thing(s) would fetch on sale in the open market on the date of agreement for transfer and such sum of money.<\/p>\n\n\n\n

(iii)       If the transfer is by way of lease, please state: (a) the period of lease<\/p>\n\n\n\n

(b) the amount of premium<\/p>\n\n\n\n

(c) the frequency of premium to be paid<\/p>\n\n\n\n

(d)if the lease is in consideration of rent only, please state the money(s) payable by way of rent; and the value of services and things forming part of, or constituting, the rent<\/p>\n\n\n\n

(a)        if the lease is in consideration for premium and rent, please state the amount of the premium, the amount of rent and the value of services or things forming part of, or constituting, the rent if the lease is for any consideration other than those stated above, please state the details thereof<\/p>\n\n\n\n

(iv)       If the whole or part of the consideration for transfer is payable on any date failing after the date of agreement for transfer, please state:<\/p>\n\n\n\n

(a)        date(s) on which consideration is payable<\/p>\n\n\n\n

(b)       <\/em> discounted value of consideration on the date of agreement for transfer as per rule 48\u20111<\/p>\n\n\n\n

(v)        In a case the proposed transfer is for any consideration other than those stated in items (J) to (iv), please state the nature and amount of consideration.<\/p>\n\n\n\n

6. Is the property proposed to be transferred encumbered in any manner? If so, please give details if it is by way of:<\/p>\n\n\n\n

(a) lease<\/p>\n\n\n\n

(b) mortgage (including equitable mortgage of any form)<\/p>\n\n\n\n

(c) charge<\/p>\n\n\n\n

                        (d) tenancy<\/p>\n\n\n\n

(e) any other (please specify)<\/p>\n\n\n\n

Please furnish a copy of the deed, agreement or any other document executed in respect of the encumbrance. Also furnish up to date encumbrance certificate issued by the competent Sub\u2011Registrar<\/p>\n\n\n\n

7. Details of liabilities in respect of dues of the local authorities (e.g. lease rent, water charges, electricity bills, development charges, etc.).<\/p>\n\n\n\n

8. (i) (a)Whether provisions of the Urban Land (Ceiling and Regulation) Act, 1976 (Act No. 33 of 1976) are applicable to the property proposed to be transferred?<\/p>\n\n\n\n

(b)If yes, whether permission of the competent authority under the aforesaid Act for the transfer of the property has been obtained?<\/p>\n\n\n\n

If yes, a copy of such permission granted should be attached. If no, give reasons attaching necessary evidence in support of this.<\/p>\n\n\n\n

(ii) (a) Whether transfer of the property requires permission\/approval from any statutory authority constituted under any central\/state\/ local laws? (b) If yes, give details and enclose a copy of the permission received.<\/p>\n\n\n\n

9.Whether any part or the whole of the property proposed to be transferred has been reserved for any public purpose? If so, give details.<\/p>\n\n\n\n

10.Whether any litigation relating to the property proposed to be transferred is pending? If so, give nature and details of such litigation.<\/p>\n\n\n\n

11.If the property is not in the possession of the transferor, please give details of the person(s) in possession of the property, his\/their address(es) and the nature of the possession by the occupant(s)<\/p>\n\n\n\n

(i)Is the transferor in possession of the title deeds of the property proposed to be transferred?<\/p>\n\n\n\n

(ii)if the answer to (i) above is no, the name and address of the person in possession of the title deeds and the reasons thereof.<\/p>\n\n\n\n

12.Particulars about acquisition of the property proposed to be transferred:<\/p>\n\n\n\n

(i) Date on which the immovable property was acquired.<\/p>\n\n\n\n

(ii) Cost of acquisition of the property. If the property was constructed by the transferor(s), the cost of acquisition of the land and cost of construction is to be given separately.<\/p>\n\n\n\n

(iii)Was the property or part thereof acquired other than by way of purchase? If so, give the details of such acquisition and cost of acquisition to the previous owner. Furnish a copy of relevant document.<\/p>\n\n\n\n

13.       Persons interested in the property and in the consideration specifying their shares and basis thereof<\/p>\n\n\n\n

            (i)\u2026\u2026\u2026\u2026. \u2026\u2026\u2026\u2026.\u2026\u2026\u2026\u2026.<\/p>\n\n\n\n

            (ii) \u2026\u2026\u2026\u2026.\u2026\u2026\u2026\u2026.\u2026\u2026\u2026\u2026.<\/p>\n\n\n\n

(iii) \u2026\u2026\u2026\u2026.\u2026\u2026\u2026\u2026.\u2026\u2026\u2026\u2026.<\/p>\n\n\n\n

14.       Is there any other written agreement for transfer of the said property other than the one in this form? If so, enclose a copy of this agreement.<\/p>\n\n\n\n

15.       Address of the Registrar where the sale agreement is required to be registered.<\/p>\n\n\n\n

16.       Please give nature and number of documents enclosed:<\/p>\n\n\n\n