Delong of residential property

Can accepting token amount result in legal obligation to sell-  big yes

 

If you do not want any litigation, as a seller you can demand cash down and registration.   It is your right.  The demand draft can be delivered by the purchaser before the Registrar during registration.

 As a precautionary measure, do not give the original property documents to a broker or any buyer. Give them the scanned copies and put a watermark on them. This will safeguard you from fraudulent buyers or brokers as they will not be able to forge the documents further.Better to have agreement to sell with token money in the form of D.D. 

Acceptance of token money out of consideration amount constitute it to be a valid agreement (oral or written).

You may proceed to sell the property and exectue sale documents, there is no legal requirement for any other "Agreement to Sell"