An agreement of sale with possession in India is a legal document that outlines the terms and conditions of the sale of a property, where the buyer takes possession of the property either at the time of signing the agreement or shortly after, before the actual transfer of title through the registration of the sale deed. This agreement typically serves as a preliminary or intermediate document between the buyer and the seller, and it includes important details like the sale price, payment schedule, property description, and possession date.
What is the Sale Agreement with Possession Meaning?
In essence, a Sale Agreement with Possession can have the following key points:
The agreement specifies that the buyer is granted physical possession of the property, meaning they can enter and use the property, even though the ownership title has not been officially transferred yet (through the final sale deed registration).
The agreement outlines the amount the buyer has paid (or agrees to pay) for the property, including any advance payment made at the time of the agreement and the remaining balance to be paid.
While the buyer may gain possession, the legal ownership (title) is not fully transferred until the sale deed is registered with the relevant authorities.
The buyer assumes the risk of the property (like maintenance or damages) once possession is granted, but the seller typically remains the legal owner until the registration of the sale deed is completed.
The sale agreement helps protect both the buyer and seller by setting clear terms for possession, payment, and future transfer of title, reducing the likelihood of disputes.
While the sale agreement with possession provides the buyer with early use of the property, it does not fully confer ownership until the sale deed is executed and registered with the relevant authorities. It is crucial for both parties to ensure that all legal processes are followed to avoid future conflicts.
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I have been a real estate agent in Karnataka since 2014, and over the years, I have learned how the real estate market has changed. During this tenure, I also learned that it is absolutely necessary to check the RERA number of a project before purchasing an apartment. So, if you are trying to know how to check RERA approved projects in Bangalore, then I can help you with that.
How to Check If a Project is RERA Approved in Bangalore?
To know if a project is RERA-approved you can follow the steps mentioned below.
Go to the
Karnataka RERA Website.
Enter the name of the Builder and click on Search.
After that, a drop-down menu will appear and you will be able to check all the details related to the project.
If you need you can also download the RERA certificate and check if there are any litigations against the builder or the project. I hope this information about how to check RERA approved projects in Bangalore has been of help to you.
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Before investing in a property in Bangalore, I learned about the RERA check Bangalore process. It can be done online so you do not need to worry about it. Suchintana has rightly mentioned the process and the portal but there is another portal you can try out. I found the
RERA Government websiteeasy.
Hence, let me share how you can check property details there.
How to Check RERA-Approved Projects?
Verifying all details about a property is really important. Here is an easy process on how to check RERA approved projects in Bangalore:
Visit the
RERA Government website.
Enter the project name, Promoter / Company / Firm Name, Application No and other details.
Click on Search to get all the details about your project.
It will take you a couple of minutes to extract all the details about your project but make sure you have all the details handy.
There is another portal you can visit. Here is the link:
RERA Website Karnataka.You can visit the RERA office physically with all your property documents and get details as well but let me tell you that it will be time-consuming so you better avoid it.
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To check out that a property is free of legal disputes a buyer should check out the details of the project they are willing to purchase. For RERA Bangalore, you can check out the status of the project which falls under the RERA act by visiting the Karnataka RERA portal.
Following the Maharashtra Government, the Government of Karnataka has separately launched a portal where developers, real estate agents, promoters can register themselves by uploading the necessary documents.
Till date, 5664 projects under Karnataka RERA were approved along with 3156 real estate agents. As a buyer, if you find any discrepancies in a project under RERA, you can file a complaint. Also, you should check if there are any complaints in a project by visiting the RERA website.
How to check RERA registered projects in Bangalore?
To check out the RERA approved projects in Bangalore, please follow the steps mentioned below.
Visit the Karnataka RERA website.
Click here to visit the Karnataka RERA website.
If you have difficulty understanding the Kannada language, you can change it to ‘English’ by clicking on the link in your top right-hand corner.
Click on 'Project Status' under the 'Services' tab.
Here you can check out the current status regarding
Applications applied for registration
Applications approved
Applications rejected
Applications withdrawn
Applications under process
Applications under query
Applications third party transfer
Applications applied for completion
To check the details of the project you are interested in, enter the name of the project. You have to fill in information such as locality, project type, ongoing status, proposed completion date. After this, the RERA number will be displayed on the screen.
This was the process to check the status of the RERA approved project.
Some of the RERA approved projects in Bangalore includes
Project Name |
Location |
RERA Number |
Bren Imperia |
Harlur Road |
PRM/KA/RERA/1251/446/PR/170907/000390 |
Sobha Silicon Oasis |
Electronic City |
PRM/KA/RERA/1251/310/PR/170824/000032. |
Kolte Patil Exente |
Electronic City |
PRM/KA/RERA/1251/310/PR/171026/000862 |
Reliaable Prime City |
Chikkanagamangala |
PRM/KA/RERA/1251/308/PR/191209/003057. |
L&T Raintree Boulevard |
Hebbal |
PRM/KA/RERA/1251/309/PR/180328/002436. |
Vaishnavi Serene |
Yelahanka |
PRM/KA/RERA/1251/309/PR/180905/001990 |
Sumadhura Eden Garden |
Whitefield |
PRM/KA/RERA/1251/446/ PR/180328/002632 |
Prestige Smart City |
Sarjapur |
Avalon Park: PR/210928/004316 Eden Park: PR/211008/004353 Aspen Greens: PR/211007/004346 |
This was all about
RERA Bangalore projects.
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How to Check RERA Rgistered Projects in Bangalore?
Sarita
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2022-03-11T18:47:08+00:00 2024-02-12T14:14:18+00:00Comment
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