Buyer: Aarav Sharma. Seller: Harpreet Singh. Property: Plot 218, Eco City 1, New Chandigarh, Punjab (Apartment): Residential plot measuring approximately 300 sq yd in Eco City 1..
Term sheet date: 1 April 2026. Valid until: 2 April 2026.
Total proposed sale consideration: ₹2,25,00,000 (Rupees Two Crore Twenty Five Lakh only). Token/earnest: ₹5,00,000 (Rupees Five Lakh only). Payment on agreement: ₹17,50,000 (Rupees Seventeen Lakh Fifty Thousand only). Balance on completion: ₹2,02,50,000 (Rupees Two Crore Two Lakh Fifty Thousand only).
Agreement target: 2 April 2026. Completion/registration target: 3 April 2026.
Title: Subject to satisfactory advocate title and encumbrance review. Financing: No financing condition. Possession: Vacant possession simultaneously with registration and full payment.
Dues: Seller clears property taxes, society dues and utilities up to completion. Stamp/registration cost: Buyer bears stamp duty and registration fees for conveyance. Brokerage: Each party pays its separately engaged broker.
Only confidentiality, exclusivity and costs if expressly stated. Special conditions for definitive drafting: Seller to provide bank NOC before registration; modular kitchen included.
Section 54 of the Transfer of Property Act, 1882 provides that a contract for sale does not itself create an interest in or charge on immovable property. This term sheet is drafted to capture commercial consensus before the definitive transaction instrument.
This notice is given under the Digital Personal Data Protection Act, 2023. Personal data in this document is collected only to record the negotiated commercial terms and drafting instructions for a proposed property purchase, communicate about that purpose, verify information expressly supplied, and retain an evidentiary record.
The record will be held by Sachdeva Estates and may be shown only to the buyer, seller, authorised broker/agent, advocate, lender, valuer, project promoter, escrow/payment provider or statutory authority directly involved in the stated property transaction or verification.
If the proposed transaction does not proceed, or this document is withdrawn before it takes effect, the personal data will be retained for 90 days from that decision and then erased. If the transaction proceeds, the record will be retained for the term of the transaction plus 12 months and then erased, except for a record that a statute requires to be kept for a longer named period.
A person named in this document may withdraw consent for future consent-based processing, request correction or erasure when the stated purpose has ended, or raise a grievance by writing to support@kagaznama.com. The record-holder should acknowledge and respond within 30 days.