1) There is no harm in registering a sales contract. But if we analyse section 13(1) of the RERA Act 2016, which states that a contract of sale must be registered in accordance with the law in force, it means that a contract of sale is registered in accordance with the provisions of the Registration Act. 1908. (3) Once the regd deed of sale has been executed, the contract of sale has no value. If the sales contract is unfounded, another question arises as to whether the buyer can remedy it in the event of a breach of the sales agreement. This received a response under Article 18 of the RERA Act, which states that the developer must compensate the buyer if he was unable to complete the project and hand over the property within the deadlines set in the sale or purchase agreement. If the developer does not do so, they can file a complaint with the RERA Authority3 and claim compensation. Time is the nature of the contract, the contract was only valid for 6 months according to the terms of the sales contract. Consequently, an agreement would not be concluded after the expiry of the time limit.
However, the registration of the sales contract must be cancelled between the seller and the buyer before the Sub-Registrar Office if it is not willing to continue the real estate agreement.. . . .