Is e-signature valid on the document (sale agreement) which is made while paying 10% down payment for the flat and how safe it is?
Yes, an E-signature on sale agreement is valid and safe to proceed if down payment paid on account transfer. As part of the digital India initiative, real estate in India is encouraged to move as much of the business dealing online. That includes property listing, property tour, transaction, and documentation. Especially the usage of e-signature in India growing at the time of COVID-19 pandemic. Almost 70% of real estate customers are engaging in e- signature for multiple real estate documents that include sale agreement, allotment letter, and possession letter. In Karnataka, many government-operated websites are using e- sign by using Aadhar number enabled. Some are Sakala online service for Khata transfer, BBMP Property tax application, and Kaveri Online service for encumbrance certificate extract. To answer your question, you can proceed with e-signature with a unique identification number. Below image in circle for your reference, Some of below applications provide e-signature se