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Sandeep Krishna, a regional expert in Telangana, explains the concept of a tripartite agreement in the real estate industry. This agreement involves three parties - the buyer, seller, and a financial institution - when investing in an under-construction property. The terms and conditions of the property deal are legally laid out in this agreement, ensuring all parties are involved in the process. The video aims to provide a brief understanding of what a tripartite agreement is and how it works.