.t 'l Ffft q|-{ft Original/DuPlicate I ay,13 October2016 12:30 PM ffiifi,.:39q Regn.:39M I I cFfrt.: 6076 Rqi-6' 1311012016 I q{ficirfi,: Ts(-0-2016 I I rrq: eis. qqTq rTTwtq qo6w, rivra qtsfi M rr- id( 7sst1, sfrq E{' qfrq qS 1987 t 2016 (30 4f) t I qtq s fi-ftffit r. 750.00 I I €. 750.00 i l h $) _Pi ',1$!r i ji -,t bl \s 7', ADV.SHAM B. CHAVAN M.No:9552456619 B.A. , LL.B. 86053786 19 Ad,vocate on the Panel of Cartara Bank Vaishali Nagar, Near V.i"ttuti Nagar Gate, Khat Road, BHANDARA 44L9O4, Tahsil and District ebqldare ANNEXURE :_ II 1 Nature of title [ownershiP/ Self-acquired ProPertY leasehold/ OccuP ancY lGovt Grant/ allotments e!9r- 2 i,+ Not apPlicable .. ili.-l 3 tf Corrf gt ant I allotment/ lease cum sale agreement whether:- a] Grant/ agreement etc'Provides Not applicable for alienable rights to the mortgagor with or without conditions b] The mortgagor is comPetent Yes B to create charge on such property. 4 If occupancy right, whetrler Yes al Such right is heritable and transferable. 5 Whether provisions of Urbart Land Ceiling Act aPPlicabIe I permission obtained. bl Whether NoC under Income Not applicable Tax Act is required/obtained c] Whether records with the Not applicable Registrar of Assurance verified [if applicable] 6 Whether there are claims from No Minor/s and his/their interest in the property/ies SpecifY the share of minor/s name 7 In case of the agricultural land Not applicable the position regarding creation and enforceabilitY with regard to local laws . 8 In case of conversion of Not applicable. agricultural land for commercial purposes, whether requisite procedure / permissions comPlied with/obtained . 9 a] In case of Partition/ Self acquired ProPertY. It settlement deeds, whether can be mortgaged bY original deed is available for execution of Equitable deposit. If not the modaliff I Mortgage-deed. procedure to be followed to create a valid mortgage b] Whether mutation has been Yes,Owner is in Possession effected and the mortgager is & enjoyment of the said in possession and enjoYment property. of his share . c] Whether the Partition is Yes valid in law? a] In case of PartnershiP firm Not applicable D 10 whether the ProPertY belongs to the firm and registered. B] Whether the Person/s Not applicable creating the mortgage has/ have the authoritY to execute on behalf of the film In case of the Limited Not applicable Companies, verify the Borrowing power Resolution,authoritY to create mortgage/execution of documents anY Prior charges with ROC,MOA, /AOA Provision for common seal etc. In case of Societies/Associations Not applicable verify requisite resolutions, bye laws, Powers to borrow, encumbrance etc . in case of POA holder verifY POA is genuine. It is the genuineness of POA and properly executed/stamPed/ able the extent of Power. Whether authenticate d / enforce POA is ProPerlY executed/ as per the law of Place. stamped I authenticated / enforceable as Per the law of tf tft" ProPertY is fTatl apartment or residential/ commercial comPlex, verifY a] Promoter's/Land owner's title to the land/building b] Whether the flats are Entire para No 14 is not develoPed bY the land applicable owners or constructed on joint develoPment basis' c] DeveloPment agreement/PoA d] Extent of authoritY of DeveloPer/ builder. e] Whether the construction is aPProved bY the Q\ comPetent authoritY? Ycp ^15 f,l Independent title verification */ of the land or building in question gl Agreement of sale I dulY registered] hl Whether it is second/ subsequent sale? i] Payment of proper stamp duty jl Conveyance in favour of the society/condominium concerned. k] Occupancy certificate/ allotment letter of possession. 1] Membership details in the society etc. m] Share certificates. n] NOC from the societY. o] Latest maintenance charges paid receipt from societY pl Whether proportionate share in land is transferred to mortgagor. q] Documents evidencing possession such as TelePhone bill Electricity bill Ta>< Paid receipt etc. r] Other legal requirements under the local/ municiPal laws with regard to /u^?'\\ ownership of flats/ aPartments qi\ building regulations societY > laws etc. TI 4 )E u/3 * */ Not applicable 15 In case of joint familY ProPertY and mortgage created for family benefit/ legal necessitY verify whether major coParceners have no objection, joined in execution, rights of female members minor's share etc. L6 Genealogical tree is to be Land I Property in question drawn up, whether the title is purchased by the has been acquired by succession owner/ applicant and as such the same is his self acquired property as detailed in Para E of Annexure-IV. I7 Pending litigations/court No attachments / inj unction / stay orders/acquisition by the Govt/ Local authorities etc., if any 1B Any other matters affecting No the proposed creation of mortgage not covered elsewhere AP;.-^ BHANDARA ISHAM B. CHAVANI Date:- 14 I IO l2016 ADVOCATE ., iAM B. CHAVAId ADVOCATE VAISHAU NAGAR, KHAT ROAD, BHANDARA ANNEXURE III CERTIFICATE Inspection/verification of records of landed property at office of sub Registrar, Bhandara. The Senior Manager/Manager, Canara Bank, Bhandara Branch. Dear sir, Subject :- Verification of records of landed property at the office of Sub Registrar, Bhandara. This is to assure that, I have visited the office of Sub Registrar at Bhandara on L3/ro/2o16 and verified the details of the property standing in the name of smt. vasudha Vasantrao Paturkar, shri Anup vasantrao paturkar & sau. shraddha Madhav paturkar, All R/o Bhandara, Tahsil and District Bhandara. The description of the property is as und.er :_ sunrey No: Land having area of 376.6s sq. Mtrs. & 328.2s sq. Mtrs. i.e. Total Area of 699.90 sq.Mtrs. out of Gat No.zssll, situated at Mouza Pinglai, p.H. No. 16, Tahsil and District Bhandara, having the following boundaries: s ,.)5 7:a *l East :- House of Shri Raju pattewar West :- House of Shri Torankar North :- House of Shri Vig South:- Remaining land of Shri Vasant paturkar East :- House of Shri pattewar West :- Housd of Shri Torankar North :- Land of Smt. Vasudha paturkar South:- Cement Road 1. That, I have verified the certified copies of material title deed i.e. deed No ----- from the office of Registrar/Sub Registrar and confirm that, the original deed available with the Bank is genuine :- Not applicable. 2. That, there is no prior charge of Canara Bank itself over the above Plot. However, Smt. Vasudha Vasantrao Paturkar, Shri Anup Vasantrao Paturkar & Sau. Shraddha Madhav Paturkar, All R/ o Bhandara, Tahsil and District Bhandara are the absolute owner of the said property as per the record available and verified bv me in the office of Sub Registrar, Bhandara. 3. That, as per the records available at the office of Sub Registrar, the property is mortgagedlcharged to Date of Description of In whose Amt. mentioned in Document the Document favour the Document There is no prior charge of Canara Bank Branch Bhandara over the aforesaid land. qAry BHANDARA ISHAM B. CHAVANI Date:- 14 I LO 12016 ADVOCATE SHAM B. CF{/\VAN ADVOCATE VAISHALI NAGAR, KHAT ROI\1], BHANDARA ANNEXURE IV LEGAL SCRUTINY REPORT A. Description of the documents scrutinized:- Sr. Date of Name of Document Whether No. Document original/ Certified/ True Photostat 1 t3-6-20r6 7 I 12 Extracts Certified 2 29-4-2016 Construction Permission with Original Sanctioned Plan 3 L5-7-20t5 N.P. Tax Payment Receipt Orieinal 4 15-2-2016 Irrevocable General Power of Original Attornev 5 r5-2-2016 Development Aqreement Orisinal 6 13- 10-20 16 Search Receipt No.6076 Orieinal B. Description of property/properties: Item Gat Extent of Location Boundaries No. No. Area/s in Hectors 1 Gat No. 376,65 Sq. Pingalai Boundaries of 376.65 So.Mtrs.Land 755/ | Mtrs. & Tahsil and E:-House of Shri Raju Pattewar 323.25 Sq. District W;-House of Shri Torankar Mtrs. i.e, Total Bhandara N:-House of Shri Vig Area of 699.90 S:- Land ofVasant Paturkar Sq.Mtrs. Boundaries of 323.25 Sq.Mtrs.Land E:-House of Shri Pattewar W:-House of Shri Torankar N:-Land of Vasudha Paturkar S:- Cement Road c. Tracing of party's title for the last 13/3O years. If connected title deeds reveal any circumstances or incidences, which necessitate further tracing of party's title, it shall also be done. Sub Registrar Bhandara for a period of 30 years i.e. from L987 to 2Ot6 vide search receipt No.6O76, Dated 13-1O-2O16 of Rs.7SOl-. D. Encumbrance Certificate for a period of 13/30 anda9 years for all the items of properties subject to "C" above. E. Evidence of possession findings on documents & revenue records. 1. That, the aforesaid open plot admeasuring about 699.9o Sq.Mtrs. out of Gat No.755/1, situated at Pingalai, P.H. No.12, Tahsil and District Bhandara was purchased by Shri Vasantrao Narayanrao Paturkar, R/o Bhandara for a consideration of Rs.3,OOOl- by registered sale deed dated 9- L2-Lg68 which was duly executed and registered before the Office of Sub Registrar Bhandara at Sr.No.9578. His name was accordingly mutated in the revenue record. 2. Thereafter shri Vasantrao Narayanrao Paturkar, R/ o Bhandara had gifted 376.65 Sq.Mtrs. out of 699.90 sq.Mtrs. to his wife smt. Vasudha Vasantrao Paturkar, R/o Bhandara by registered Gift Deed dated LL'2-L9a6,which was duly execuled and registered before the office of Sub Registrar Bhandara at Sr.No. 28O. Her name was accordingly *rtu.t"d in the revenue record. Shri Vasantrao Narayanrao Paturka had kept the remaining portion i.e. 323.25 Sq.Mtrs' of the said plot with him. Portion of 376.65 Sq. Mtrs. gifted to Smt.Vasudha Vasantrao Paturkar is having following boundaries: Towards East:- House of Shri Paturkar Towards West:- House of Shri Torankar Towards North:- House of Shri Vig Towards South:- Remaining Plot of Shri Paturkar Remaining portion i.e. g2g.2s Sq. Mtrs. which was kept by Shri Vasantrao Narayanfao Paturkar with him is having the following boundaries: Towards East:- House of Shri Paturkar Toward.s West:- House of Shri Torankar Towards North:- open Plot of Smt. Vasudha Paturkar Towards South:- Cement Road 3. Shri Vasantrao Narayanrao Paturkar,R/o Bhandara expired on 25-6-2OLg. on account of his death, the portion ad.measuringg2g.2'sq.Mtrs.whichwaskeptbyShri Vasantrao Narayanrao Paturkar with him, has been inherited by his (U R 7r l2l sh ao */ Madha oB Accordingly, their names hav record vide wt..tation Entry No.3332, Dated 3O'3-2O15. 4.Assuch,nowsmt.VasudhaVasantraoPaturkar' portion R/o Bhand.ara is absolute owner and possessor of the of plot admeasuring 376.65 Sq'Mtrs' W 5. similarly, (lf smt. vasudha vasantrao patutka4 l2l shri Anup vasantrao paturkar and (3) sau. Sharaddha Madhao RamekarrAll R/o Bhandara,have inherited remaining portion of the said plot admeasuring g2g.2s sq.Mtrs.as stated. above, and thus they are absoh.lte owner & possessor thereof. 6. That, the aforesaid gz6,6s sq.Mtrs. out of totar area of ogg.go sq.Mtrs. of Gat No.zssl1, situated at pingalai, P.H. No.12, Tahsil and District Bhandara was converted for N.A.use under Gunthewari scheme by the chief officer,Nagar Parishad Bhandara vide N.A. order, Dt.1-11-2o12. similarly, the aforesaid g2g.2s sq.Mtrs. out of total area of oss.so sq. Mtrs. of Gat No.7ssl1, situated at pingalai, p.H. No.12, Tahsil and District Bhandara was converted for N.A.use under Gunthewari Scheme by the chief officer, Nagar parishad Bhandara vide N.A. Order, Dt.1-g-2o1g. 7. Now, Land owners viz. smt. vasudha Vasantrao Paturkar, shri Anup vasantrao paturkar and sau. sharaddha Madhao Ramekar wish to develop said area of 699.90 sq.Mtrs. out of Gat No.755/1 into a commerciaU Residential Estate by constructing various Multistoried Buildings thereon, each consisting of various shops and self contained separate Apartments therein. B. That, the Developer i.e. shri vijay yadavrao Nikhar & Ku. shreya vijay Nikhar, Both partners of M/s v.y. Nikhar & Associates, having its Registered office at Third Floor, Nikhar Bhawan, opp. Tukadoji Putla, Main Road, Bhandara, being interested in undertaking the work of development and sale of the aforesaid property, had approached the Land- owners viz. smt. Vasudha vasantrao paturkar, shri Anup Vasantrao Paturkar and sau. sharaddha Madhao Ramekar with a proposal to undertake the development of the said property with the built up spaces thereon, as per the terms and ,(am B. conditions which may be agreed between them. I'D fB' 9. That, the said Land-owners having considered the 7:, genuineness of the proposal put-forth by the Developer, and on elaborate discussion and negotiation, the Land-owners AH; have agreed to entrust the said property for Development and Sale to the Developer. 10. Accordingly, Development AgreementrDt.15-2-2016 was execrited between the Land-ownefs viz. smt. vasudha vasantrao Paturkar, shri Anup vasantrao paturkar and sau. Sharaddha Madhao Ramekar, All R/o Bhandara, Tahsil and District Bhandara and the Developer viz.shri vijay yadavrao Nikhar & Ku.shreya vijay Nikhar, Both partneis of M/s v.Y.Nikhar & Associates, having its Registered office at Third awan, Opp. Tukadoji putla, Main Road., was registered before the Office of Sub a at Sr.No.6O6l2Ot6. _1 1. , By aforesaid Deveropment Agreement,Dt. ts-2-2or6, Land-owners viz. smt. vasudha vasantrao paturkar, shri Anup vasantrao Paturkar and sau. sharaddha Madhao Ramekar have vested all the powers in favour of the Developer viz.shri vijay Yadavrao Nikhar & Ku.shreya vijay Nikhar, Both partners of M/s v.Y.Nikhar & Associates for construction of Multi-storied Buildings over aforesaid area of 699.90 sq.Mtrs. out of Gat No.755/1 consisting of various shops and self contained separate Apartments therein and for entering into the Agreements to sell the Flats/shops to the intending purchasers as well as to execute the Registered sale-deed.s of the said Flats/shops in favour of the said purchasers, on behalf of the Land-owners. 12. Land-owners viz.smt. vasudha vasantrao paturkar, shri Anup vasantrao paturkar and sau. sharaddha Madhao Ramekar, All R/o Bhandara, Tahsil & District Bhandara have also executed lrrevocable General power of Attorney dated 15-2-2o16 in favour of the Developer viz. shri vijay yadavrao Nikhar & Ku.Shreya vijay Nikhar, Both partners of M/s v.Y.Nikhar & Associates, having its Registered office at Third Floor,Nikhar Bhawan,opp.Tukadoji putla,Majn Road, Bhandara, which was for a Development consideration of Rs.49,oo,oool-, which was registered before the office of sub Registrar Bhandara at Sr.N o.685 / 2016. 13. That,the Land-owners viz. Smt. Vasudha Vasantrao Paturkar, shri Anup Vasantrao paturkar and sau. sharaddha 6"8, Madhao Ramekar have handed over possession of the aforesaid a-rea of 699.90 sq.Mtrs.out of Gat No.zssl 1, situated at Pingalai, P.H. No.16, within the limits of Nagar parishad E */ Bhandara, Tahsil and District Bhandara to the Developers/ q;.; Builders viz. shri vijay yadavrao Nikhar & Ku.shreya vijay Nikhar, Both Partners of M/s v.y.Nikhar & Associates, Bhandara. 14. That, in consideration of the Land-owners allowing the Developers to develop said property and the plots thereon, together with undivided proportionate share and interest in the land as a whole or in parts, the Developers have agreed to pay to the Land-owners as owner an amount of Rs.4g,oo,ooo/_ in the manner appearing in the said Development Agreement Dated t5-2-2O16. 15. That, the Deveropers/Builders viz. Shri vijay Yadavrao Nikhar & Ku.shreya vijay Nikhar, Both partners of M/S V.Y.Nikhar & Bhandara are intending to construct a Multist ng over the aforesaid arela of 699'90 sq.Mtrs. ou o,zssl!, situated at pingalai, P.H. No.12, Tahsil and District Bhandara. chief officer, ti'.g* Parishad, Bhandara has also granted permission for the proposed construction on 29-4-2016 alongwith the sanctioned Plan. The Land-owners have paid Nagai parishad rar vide Receipt dated 1-s-z-2or5. concerning patwari has also issued 7 lL2 Extracts dated tg-6-2OL6. 16. As such, smt. vasudha vasantrao paturkar, shri Anup Vasantrao Paturkar and sau.sharaddha Madhao Ramekar All R/o Bhandara are absolute owner of aforesaid property/ plot and since the date of execution of the Development Agreement,shri vUay yadavrao Nikhar & Ku.shreya vijay wikt Both Partners of M/s v.y.Nikhar & Associates, Bhand*u. *.", in possession of the same. 17 . Hence, in my opinion, aforesaid property can be legally mortgaged. Moreover, whatever transactions are made in between the Land-owners and the Developers, they are Legal, Valid and Enforceable bv Law. F. The documents to be deposited [original/ certified] for creation of valid and enforceable mortgage and the persons who are required to create mortgagelto "p"tifi. dlposit documents creating the mortgage. Sr. Date of Name of Document Whether g\ No. Document original/ )B Certified/ '/i, True Photostat 1 L3-6-2076 7 /L2 Extracts Certified 2 29-4-2076 Construction Permission with Original Sanctioned Plan 3 r5-7-2015 N.P. Tax Payment Receipt Orisinal 4 75-2-2076 Irrevocable General Power of Original Attornev 5 L5-2-2016 Development Agreement Orieinal 6 13-10-2016 Search Receipt No.6076 Orieinal l3 G' certificate of the titre should crearry disclose U Whether the intending borrower applicant has an absolute] clear /mortgagor/ over the property proposed to a matt .table ti,e be mortgaged. yes 2l Whether the intending borrower /mortgagor/ applicant can execute vaila equitaur.'*orig?g-" favour of the bank. i' yes 3] of the property intended to be given rtgage is subject any minor,s oi"rry No BHANDARA Date:- 14 / tO / 2OL6 CERTIFICATE OF ADVOCATE WHO SCRUTINISED THE DOCUMENTS I have gone through the documents produced by the Land-owners viz. Smt. Vasudha Vasantrao Paturkar, Shri Anup Vasantrao Paturkar and Sau.Sharaddha Madhao Ramekar A11 R/o Bhandara and the Developers/Builders viz. Shri Vijay Yadavrao Nikhar & Ku.Shreya Vijay Nikhar, Both Partners of M/S V.Y.Nikhar & Associates, Bhandara,and other documents of revenue record by which it reveals that, the aforesaid open plot admeasuring about 699.90 Sq.Mtrs. out of Gat No.755/1, situated at Pingalai, P.H. No.12, Tahsil and District Bhandara was purchased by Shri Vasantrao Narayanrao Paturkar, R/o Bhandara for a consideration of Rs.3,OOOl- by registered sale deed dated 9-L2-L968 which was duly executed and registered before the Office of Sub Registrar Bhandara at Sr.No.9578. His name was accordingly mutated in the revenue record. 2. Thereafter Shri Vasantrao Narayanrao Paturkar, R/o Bhandara had gifted 376.65 Sq.Mtrs. out of 699.90 Sq.Mtrs. to his wife Smt. Vasudha Vasantrao Paturkar, R/o Bhandara by registered Gift Deed dated tL-2-L986,which was duly executed and registered before the Office of Sub Registrar Bhandara at Sr.No. 28O. Her name was accordingly mutated in the revenue record. Shri Vasantrao Narayanrao Paturka had kept the remaining portion t.e. 323.25 Sq.Mtrs. of the said plot with him. Portion of 376.65 Sq. Mtrs. gifted to Smt.Vasudha Vasantrao Paturkar is having following boundaries: Towards East:- House of Shri Paturkar Towards West:- House of Shri Torankar Towards North:- House of Shri Vig Towards South:- Remaining Plot of Shri Paturkar S Remaining portion i.e. 323.25 Sq. Mtrs. which was kept by E Shri Vasantrao Narayanrao Paturkar with him is having the )t E */ following boundaries: Towards East:- House of Shri Paturkar Towards West:- House of Shri Torankar Towards North:- Open Plot of Smt. Vasudha Paturkar Towards South:- Cement Road 3. Shri Vasantrao Narayanrao Paturkar'R/o Bhandara expired on 25-6-2OL3. On account of his death, the portion admeasuring 323.25 Sq.Mtrs.which was kept by Shri Vasantrao Narayanrao Paturkar with him, has been inherited by his Legal Heirs viz. lrl smt. vasudha Vasantrao paturkar, l2l shri Anup vasantrao paturkar a nd (gl sau. sharaddha Madhao Ramekar, All R/o Bhandara, Tahsil and District Bhandara. Accordingly, their narnes have been mutated in the revenue record vide Mutation Entry No.o332, Dated go-g-2ors. 4. As such, now smt. Vasudha vasantrao paturkar, R/o Bhandara is absolute owner and possessor of the portion of plot admeasufing 326.65 Sq.Mtrs. 5. similarly, (lf smt. vasudha vasantrao paturkar, shri Anup vasantrao paturkar and (3) sau. sharaddha Madhao l2l Ramekar,All R/o Bhandara,have inherited remaining portion of thg said plot admeasuring g2g.zs sq.Mtrs.as stated above, and thus they are absolute owr er & po"""""or thereof. 6. That, the aforesaid gz6.6s Sq.Mtrs. out of total area of 699.90 sq.Mtrs. of Gat No;7ssl1, situated at pingalai, P.H. No.12, Tahsil and District Bhandara was converted for N.A.Use under Gunthewari scheme by the chief officer,Nagar Parishad Bhandara vide N.A. order, Dt.1-11-2o12. similarly, the aforesaid g2g.2s sq.Mtrs. out of total area of oee.so sq. Mtrs. of Gat No.zssl1, situated at pingalai, p.H. No.12, Tahsit and District Bhandara was converted for N.A.use under Gunthewari Scheme by the chief officer, Nagar parishad Bhandara vide N.A. Order, Dt.1-g-2O1g. 7. Now, Land owners viz. smt. vasudha vasantrao Paturkar, shri Anup vasantrao paturkar and sau. Sharaddha Madhao Ramekar wish to deverop said area of 699.90 Sq.Mtrs. out of Gat No.7ssll into a commerciaU Residential Estate by constructing various Multistoried Buildings thereon, each consisting of various Shops and self contained separate Apartments therein. 8. That, the Developer i.e. shri vijay yadavrao Nikhar & Ku. shreya vijay Nikhar, Both partners of M/s V.y. Nikhar B & Associates, having its Registered office at Third Floor, */ Nikhar Bhawan, opp. Ttrkadoji putla, Main Road, Bhandara, being interested in undertaking the work of development and sale of the aforesaid property, had approached the Land- owners viz. smt. vasudha Vasantrao paturkar, shri Anup Vasantrao Paturkar and sau. sharaddhd Madhao Ramekar with a proposal to undertake the development of the said property with the built up spaces thereon, as per the terms and conditions which may be agreed between them. 9 ' That, the said Land-owners having considered the genuineness o on elaborate have agreed to Sale to the Developer. 10. Accordingly, Development Agreement,Dt. was executed between the Land-ownJrs patur*ar, shri Anup vasantrao viz. smt.'5-2_2,,16 paturkar vasudha Madhao Ramekar, All R/o Bhandara, and sau. Tahsil and andara and the De veroper viz.shri vijay yadavrao har, Both partners of M/S its Registered Office at Third Tukadoji putla, Main Road, red before the Office of Sub 612016. 11. Land-own Vasantrao vested all of the Developer viz.Shri Vijay o Ku.shreya vijay r-__ & Yadavrao Nikhar Nikhar, Both partners of M/s v.Y.Nikhar & Associat"" f,. tonstruction of Buildings over aforesaid area of 699,90 sq.Mtrs.Multi_storied No.755/1 consisting of various shops and out of Gat separate Apartments therein self contained. io, entering into the ops to the intending Registered Sale_deeds ol r of the said purchasers, on L2. Land-owners viz.smt. vasudha paturkar, shri Anup vasantrao paturkar and sau. vasantrao Sharaddha Madhao Ramekar, All R/o Bhandara, Tahsil & District also executed Irrevocable General power of L5-2-2OL6 in favour of the Develope r viz. Shri har, Both partners of M/S B its Registered Office at Third */ kadoji Putla,Main Road, Rs.4e,oo,ooot-:whichwasregi","Jr'.?tff;:,?:';'fi""Ttj;tJrt Registrar Bhandara at Sr.No.63 512C.16. 13' That,the Land-owners viz. smt. vasudha vasantrao Paturkar, shri Anup vasantrao paturkar and sau. sharaddha Madhao Ramekar have handed over possession of the aforesaid area of 699.90 sq.Mtrs.out of cat wo.zsslr, situated at Pingalai, P.H. No.16, within the limits of Nagar parishad Bhandara, Tahsil and District Bhandara to the-Developers/ Builders viz. shri vijay yadavrao, Nikhar & Ku.shreya Vijay Nikhar, Both partners of M/s v.y.Nikhar & Associates, Bhandara. L4. That, in consideration of the Land-owners allowing the Developers to develop said property and the plots thereon, together with undivided proportionate share and interest in the land as a whole or in p^r1", the Deveropers have agreed to pay to the Land-owners as owner an €unount of Rs.49ro-o,ooo/_ in the manner appearing in the said Development Agreement Dated L5-2-2O16. 15. That, the Developers/Builders viz. shri vijay Yadavrao Nikhar & Ku.shreya vijay Nikhar, Both partners of M/s v.Y.Nikhar & Associates, Bhandara are intending to construct a Multistoried Building over the aforesaid arel of 699.90 sq.Mtrs. out of Gat No.zs5ll, situated at pingalai, P.H. No.12, Tahsil and District Bhandara. chief officer, t[.g", Parishad, Bhandara has also granted permission for the proposed construction on 29-4-2016 alongwith the sanctioned Plan. The Land-owners have paid Nagar parishad ro< vide Receipt dated l-s-z-2ors. concerning patwari has also issued 7 /L2 Extracts dated tg-6-20t6. 76. As such, Smt. Vasudha Vasantrao paturkar, Shri Anup vasantrao Paturkar and sau.sharaddha Madhao Ramekar All R/o Bhandara are absolute owner of aforesaid properq/ plot and since the date of execution of the Devlloiment Agreement,shri Vijay yadavrao Nikhar & Ku.shreya Vijay Nikhar Both Partners of M/S v.y.Nikhar & Associates, Bhand*" *" in possession of the same. 77. Hence, in my opinion, aforesaid property can be legally mortgaged. Moreover, whatever transattions are made /(r, >'/ in between the Land-owners and the Developers, they are al, Legal, Valid and Enforceable by Law. ,1\ B 1l I have made the search of the rand revenue record and do not find any adverse features, which would prevent the title holders from creating a valid mortgage. 2l I have visited sub Registrar's office Bhandara on 13-10-2016 and verified the records' details of property belonging to Smt. Vasudha Vasantrao paturkar, Shri Anup vasantrao Paturkar and sau. sharaddha Madhao Ramekar, All R/o Bhandara Tahsil & District Bhandara. ,8 There are no claims from minors and their interest in the property. 3l There is no undivided share of minors in the above mentioned property. 4l The property is subject to the payment of liability of the advances given against creation of charge over the said property. \ sl In case the mortgagor fails to repay the loan amount or redeem the mortgage property then the bank may proceed with foreclosure for recovery of loan amount. 6l Holdings/acquisitions are in accordance with provisions of land Reforms Act. 7l The mortgage, if created, will be available to the Bank for the liability of Smt. Vasudha Vasantrao Paturkar, Shri Anup Vasantrao Paturkar and Sau. Sharaddha Madhao Ramekar,All R/o Bhandara, Tahsil & District Bhandara, through their Power of Attorney Holders, Shri Vijay Yadavrao Nikhar & Ku.Shreya Vijay Nikhar, Both Partners of M/S V.Y.Nikhar & Associates, having its Registered Office at Third Floor, Nikhar Bhawan, Opp. Tukadoji Putla, Main Road, Bhandara vide lrrevocable General Power of Attorney dated L5-2-2O16.. I certify that Smt. Vasudha Vasantrao Paturkar, Shri Anup Vasantrao Paturkar and Sau. Sharaddha Madhao Ramekar, All R/o Bhandara Tahsil & District Bhandara has valid and marketable title of area of 699.90 Sq.Mtrs. out of Gat No.755/1 situated at Pingalai, P.H. No.12, within the limits of Nagar Parishad Bhandara, Tahsil and District Bhandara and they have valid and marketable title over the property shown above, hence it can be mortgaged by execution of equitable mortgage- deed. BHANDARA ISHAM B. CHAVANI Date:- L4 I lO l2016 ADVOCATE SHAM B. CHAVP'[\ ADVOCATE VAISHALI NAGAR, KHAT ROAD, BHANDARA