Blockchain-Powered Property Agreements
Smart contracts that automatically execute rent payments, manage escrow, and enforce property agreements — transparent, tamper-proof, and instant.
What Are Smart Contracts?
Smart contracts are self-executing digital agreements stored on the blockchain. They automatically enforce terms without intermediaries — when conditions are met, actions happen instantly.
Parties Agree
Both parties define and accept terms
Deploy on Blockchain
Contract is stored immutably on-chain
Auto-Executes
Actions trigger automatically when conditions are met
Blockchain Transaction Flow
Every transaction is recorded on an immutable blockchain ledger
Smart Contract Lifecycle
Contract Preview
contract RentalAgreement {
// Parties
address landlord = 0x7a2B...f3E9;
address tenant = 0x3cD1...a8F2;
// Terms
uint256 rent = 25000 USDC;
uint256 deposit = 75000 USDC;
uint256 duration = 11 months;
function payRent() {
// Auto-debits on 5th of each month
require(block.timestamp >= dueDate);
transfer(landlord, rent);
}
}Use Cases
How smart contracts transform real estate transactions
Rental Agreements
Smart rental contracts that automatically execute rent payments on the due date, track deposits, and auto-refund security deposits at the end of the lease term minus approved deductions.
- Auto-debit rent on due date
- Late fee calculation
- Auto-deposit refund
- Maintenance fund tracking
- Lease renewal automation
Token / Advance Payments
Secure token amount in an escrow smart contract. If the buyer proceeds, the token is applied to the sale. If the buyer backs out, the token is forfeited per agreed terms. Fully automated.
- Escrow protection
- Auto-forfeit conditions
- Deadline enforcement
- Partial refund rules
- Multi-party approval
Property Sale Escrow
Hold the sale amount in smart contract escrow until all conditions are met — title verification, loan approval, registration completion. Funds release automatically upon completion.
- Conditional release
- Multi-milestone payments
- Title verification trigger
- Registration confirmation
- Dispute resolution
Fractional Ownership
Enable multiple investors to own fractions of a property as blockchain tokens. Smart contracts handle rent distribution, voting rights, and resale of fractional shares.
- Token-based ownership
- Proportional rent distribution
- Voting on decisions
- Secondary market trading
- Automated compliance
Why Smart Contracts?
Automated Execution
Contracts execute automatically when conditions are met. No manual intervention, no delays, no missed deadlines.
Transparent
Every party can see the contract terms, conditions, and execution status on the blockchain. No hidden clauses or surprises.
Immutable
Once deployed, contract terms cannot be altered by any single party. Changes require mutual agreement and a new contract.
No Middlemen
Eliminate intermediaries — no lawyers for execution, no banks for escrow, no brokers for rent collection. Direct peer-to-peer.
Instant Settlement
Payments settle in minutes, not days. Cross-border property investments settle without wire transfer delays or forex uncertainty.
Dispute Resolution
Built-in arbitration mechanism with multi-sig resolution. Disputes are resolved on-chain with transparent evidence and majority decision.
How It Works
Four steps from agreement to automated execution
Create Agreement
Define the terms — parties, amounts, conditions, timelines, and dispute rules. Use our template wizard or work with our legal team for custom contracts.
Both Parties Sign
Both parties review terms on-screen and sign using their crypto wallet (MetaMask, WalletConnect) or Aadhaar-linked wallet for non-crypto users.
Contract Deploys
The smart contract is deployed on the Polygon blockchain. Gas fees are covered by PropYaar for standard contracts. Contract address is shared with all parties.
Auto-Executes
The contract monitors conditions and executes actions automatically — rent debits, escrow releases, deposit refunds — all without any party initiating.
Blockchain Infrastructure
Built on Polygon for speed, cost, and reliability
Blockchain
Fast, low-cost transactions on Polygon PoS chain
Gas Fees
PropYaar covers gas fees for standard contracts
Transaction Speed
Block finality in 2 seconds on Polygon
Currency
Rupee-pegged stablecoin for price stability
Security & Audit
Every smart contract on PropYaar undergoes rigorous security audits before deployment. Your funds and agreements are protected by multiple layers of security.
- All contracts audited by CertiK (industry-leading blockchain security firm)
- Multi-signature wallets for high-value transactions requiring 2-of-3 approval
- Real-time monitoring for anomalous transaction patterns and potential exploits
- Upgradeable proxy pattern for critical bug fixes with timelock governance
- Open-source contract code verifiable on Polygon block explorer
Real-World Examples
See how smart contracts work in actual Indian real estate scenarios
Rent Agreement — 2BHK in Kondapur
Tenant Rahul enters a 11-month rent agreement with landlord Priya for a 2BHK apartment. Monthly rent is ₹25,000 with a security deposit of ₹75,000.
Rahul deposits ₹75,000 security into smart contract escrow
Every month on the 5th, ₹25,000 is auto-debited from Rahul's linked wallet
If rent is delayed beyond 7 days, a 2% late fee is auto-added
Priya receives rent directly in her wallet within seconds
On lease end, smart contract auto-refunds ₹75,000 (minus deductions both parties agreed on)
Property Sale Escrow — Villa in Shamshabad
Buyer Arjun purchases a villa from seller Meena for ₹1.5 Cr through a smart contract escrow with milestone-based payment release.
Arjun deposits ₹1.5 Cr into the escrow smart contract
₹15 Lakh (token) released to Meena upon agreement signing
₹60 Lakh released after title verification by PropYaar legal team
₹75 Lakh released after bank loan approval confirmation
Full settlement upon registration at sub-registrar office (verified via IGRS API)
Frequently Asked Questions
Create Smart Contract
Create your first blockchain-powered property agreement. Transparent, automated, and tamper-proof. Rental agreements start at just ₹999.