I signed an agreement to buy a property in 2012, paying a deposit of 7.5 lakhs to the owner. The agreement was signed but not registered. Now, the owner is refusing to complete the transfer. Is the agreement legally binding? Can I get my money back or claim the property? What would the court decide in this situation?
Best Answer
While the agreement was not registered, it is still legally binding under Indian law. You can sue the owner for breach of contract and seek either the return of your deposit or specific performance (compelling the owner to transfer the property). The court will consider the agreement’s terms, your payment of the deposit, and the owner’s refusal to comply, potentially ordering the owner to fulfill the agreement or refund your deposit.
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