P age |1 AGREEMENT TO SALE VALUED AT RS. ______________ MARKET VALUE OF THE SAME IS RS. ________________ PURCHASE PRICE As per Item No. 40.2, Page No. ________@ of Rs.______/- per Sq. Mtrs. THIS DEED OF AGREEMENT TO SALE is made and executed on this __ day of April, 2016 at Nagpur, BY IMPERIAL GRUHNIRMAN SAHAKARI SANSTHA MARYADIT, a co- operative Housing Society duly registered under the Maharashtra Co-operative Societies Act, 1960 (Act. No. XXIV of 1961), under Registration No. HGN/HSGFO/876/2014 and having its office at House No. 376, Veer Sawarkar Nagar, Butibori, Dist. Nagpur, through its President SHRI SANJAY S/O VITTHALDAS JARIWALA, hereinafter called the VENDOR which expression shall, unless repugnant to the context or meaning thereof always mean and include the said VENDOR, its office bearers, their heirs, legal representatives, executors, successors, administrators and assigns, nominees and agents) of the ONE PART IN FAVOR OF SHRI ___________________________ Aged about years, Occ- R/o------------------------ Member of IMPERIAL GRUHNIRMAN SAHAKARI SANSTHA MARYADIT (hereinafter referred to called as the PURCHASER which term unless repugnant to the context, shall always mean and include their legal heirs, successors, representative and assigns) of the SECOND PART. P age |2 WHEREAS originally the plot bearing No. RH -20 is ownd and possessed by the MIDC, Nagpur and by an Agreement To Lease dated 12.02.2008 made between MIDC and M/s. Sunil Hi-Teach Engineers & Manufacturers Private Limited now known and styled as M/s. Seam Industries private Limited. That as per Clause 3 (a) of Original Agreement to lease M/s. Seam Industries Private Limited has established a Co-operative Housing Society. That after establishment of housing society in the name styled as IMPERIAL GRUHNIRMAN SAHAKARI SANSTHA MARYADIT, the MIDC has executed an Indenture of Final Lease Deed of the said plot No. RH-20 in favor of the aforesaid society on 24.2.2016 and the same is duly registered in the office of Sub-Registrar No. 10 at Nagpur at Sr. No. 631 upon various terms and conditions for a period of further 95 years. That now the VENDOR becomes the absolute owner in leaseholds rights of the immovable property consisting of Plot bearing No. RH-20. AND WHEREAS the VENDOR are the Housing Society and activities of the said society are to purchase the land and to construct the building or Row House/ Tenements for their members or share holders and said VENDOR registered under the Maharashtra Co-Operative Societies Act, 1961 bearing its Registration No. HGN/HSGFO/876/2014 on 11.12.2014 having it registered office at the place well particularly described in the cause title of the present assignment deed. AND WHEREAS the VENDOR named hereinabove has decided to develop the said plot bearing No. RH-20 into residential purposes by constructing a multistoried building thereon known and styled as “Imperial Heights Wing No. G & Wing No. H” consisting of self contained Tenements therein, P age |3 AND WHEREAS the VENDOR accordingly prepared a plan of the multistoried buildings thereon which are known and styled as “Imperial Heights Wing No. G & Wing No. H” and the same are already constructed as per building plan sanctioned by the Executive Engineer of the MIDC Division No. (I) Nagpur vide Building Permit No. __________________dated. That after approval of the Building Plan from the Executive Engineer of the MIDC Division No. (I) Nagpur, the VENDOR has prepared and executed a Deed of Declaration to that effect of the proposed building to be constructed on the said plot bearing No. RH-20 known and styled as “Imperial Heights Wing No. G & Wing No. H” and the same is duly registered in the office of Sub-Registrar No. 10 at Nagpur at Sr. No. 990/2016 through it’s President Shri Sanjay Vitthaldas Jariwala. AND WHEREAS the PURCHASER is one of the members of the VENDOR society and intended to occupy one tenement situated in the building known and styled as “Imperial Heights Wing No. G & Wing No. H”. That the VENDOR has allotted the Tenement No. _______to the PURCHASER by issuing a letter of allotment. The details of the said tenement is well particularly described in the schedule of property given hereinbelow. AND WHEREAS the price of the said tenement is fixed after due negotiation between the PURCHASER and VENDOR and the VENDOR find after verifying the market price that the price offered by the VENDOR is true and suitable to the PURCHASER. Therefore the PURCHASER is hereby intends to purchase the said tenement for a total valuable consideration of Rs._____________ and the VENDOR has hereby agreed to convey, assigns and transfer all right, title and interest of the said Tenement in P age |4 favor of the PURCHASER after receipt of the total consideration. NOW THEREFORE THIS DEED OF AGREEMENT TO SALE IS WITNESSES AS UNDER- 1.THAT the PURCHASER has paid to the VENDOR Rs. ______________________as an earnest money for purchase of the said Tenament, which is well particularly described in the schedule given herein below and the VENDOR hereby acknowledge of having received the same. Therefore no separate receipt is now necessary for the same, the detail description of payment is given in the manner of payment herein below- MANNER OF PAYMENT 2.THAT the balance amount of consideration of sale of Rs. _______________is agreed to be pay by the PURCHASER to the VENDOR within ______months from the date of execution of the present agreement to sell i.e. at the time of execution and registration of sale deed by the VENDOR in the name of the PURCHASER. 3.THAT the time is the essence of the contract and the VENDOR is hereby ready to execute sale deed in favor of the PURCHASER within _____months from the date of execution of the present agreement to sell upon receipt of the total amount of consideration. 4.THAT the stamp duty and the registration charges necessary for registration of the instant agreement to sale and sale deed shall be borne by the PURCHASER. P age |5 5. THAT the PURCHASER hereby agreed to pay to the VENDOR charges for water connection, electricity connection and one time maintenance charges of the society prior to execution and registration of sale deed, and the charges of the same will be decided by the VENDOR and inform the same to the PURCHASER well before execution and registration of sale deed. The payment of water consumption charges, electric connection and one time maintenance charges are exclusive of the total consideration. The PURCHASER hereby undertakes that the PURCHASER shall not claim to get execute and register sale deed without payment of above charges. 6.THAT the VENDOR hereby agree to pay all grampanchyat taxes, ground rent and all other outgoings till the date execution and registration of sale deed. 7. THAT the PURCHASER hereby undertakes to pay service charges and other charges which are necessary as per the Government norms to the VENDOR prior to execution and registration of sale deed, which are also exclusive of total consideration. 8.THAT the VENDOR hereby agree to deliver to the PURCHASER the vacant and peaceful possession of the said Tenament at the time of execution and registration of sale deed upon receipt of total consideration and other charges as agreed to pay by the VENDOR and stated in forgoing paragraphs. 9. THAT the property hereby agreed to be sold by the VENDOR to the PURCHASER is free from all encumbrances, charges and lien whatsoever. P age |6 10. THAT the PURCHASER shall use the said Tenement chosen by him for residential purposes only and shall not do or cause to be done any act or thing contrary to the law which cause nuisance to the other owner and shall give access to other Tenement owners for cleaning and repairing drainage, water pipe line and inspection of chamber, provided for lavatory and bath units at all reasonable hours during the day. 11. THAT the PURCHSER shall use the said Tenement chosen by him for residential purposes and shall not construct any additional construction and thereby close the balconies provided for air and lights the building. 12. Notwithstanding, anything stated in this deed of agreement to sale, the PURCHASER undertakes to the VENDOR that the PURCHASER will not assign or sale the scheduled property without prior written permission from the VENDOR. 13. THAT the PURCHASER is one of the members of the Imperial Gruhnirman Sahakari Sanstha Maryadit, Nagpur and the all bye laws of the said society is binding upon the PURCHASER and the PURCHASER is hereby undertakes that the PURCHASER shall abide all the terms, conditions and decision taken by the society in its meeting. 14.THAT in case the PURCHASER is deprived of the whole or any part of the property hereby agreed to be sold by way of agreement to sale by reason of any defect found in the title of the VENDOR, the VENDOR shall make good the same at his own costs. SCHEDULE OF PROPERTY All That piece and parcel of Tenement No. ________situated on the First Floor the Building No. - P age |7 _______known and styled as “IMPERIAL HEIGHTS” admeasuring about ____Sq., Ft., super built up having ___% of proportionate undivided share of 1394 Sa., Ft., portion of plot bearing No. RH-20 admeasuring 18553.00 Sq.Mtrs. (199705.00 Sq.Ft.), situated in the Butibori Industrial Area (MIDC) within the limits of Mouza – Rengapar, Butibori, Tah and District Nagpur, and the said tenement is bounded as under:- On the East - On the West - On the North - On the South - IN WITNESS WHEREOF the parties of the instant deed of sale/deed of assignment have set their respective hands on this ____TH day of April, 2016 in the presence of the attesting witnesses. VENDOR WITNESSES IMPERIAL GRUHNIRMAN SAHAKARI SANSTHA MARYADIT Through President 1. (SANJAY VITTHALDAS JARIWALA) 2. PURCHASER