Development Agreement . on 14‘h day . is being executed today This Development Agreemenr abad betwigqn: of June, 2018, at. Aurang are, 1. Suresh 3/0 Trimbak Wanguj 50 year s, Occup.: Service, Age : Apartment R/p. : Flat No. 13—3 “Z” galaxy d Shahnoorwadj, Aurangaba 2. Mrs. Nish'a Vishnu Bharamba‘, sehold, Age : 54 years, Occup.: Hou n Road, R/ o. : Vidhyut Nagar, Ravgao Jain a. are, 3. Tulshirarn sfo Margin Gaj : 60 ycairs, Occup.: Bus iness, Age Dist. Janna. Rio. : Ta.1ani,'f‘c.Motala, ers, which expression shall' mean and {Hereinafter called as Own tatives. executors, succcssors, 1egal represen include all their heirs, sg] administrators and assignee AND ar, Mrs. Jajrshree Tukaraln Mamidw , ,fl.‘ Proprietor of 3 é MI 5. Shriraj Developers iness and ' Age : 45 years, Occup.: Bus en Height, Household,'R/o. : 108, Gre gab ad. Beed Bye Pass Road, Auran‘ l mean and. er”, which expresaion shal {Hereinafter called as “Develop , their heirs, future proprietors of the firm include all the present and administrators and legal representatives, executors, successors, assignees] 223.03 Sq. Plot No. (2-6, admeasuring WHEREAS, the property wafli, Aurmgabad, ated 'at Gut No.32/4, Brij Mts., [2400 Sq. Fts..) situ the same Owner .NO-1 and he purchased is owned and possessed by ed at Sr. No. d dated 03.04.2002, register under the registered sale—dee angabad. _ 1063, 'at the Office of Sub-Registffir, Aur JI! _—_...—...._._ -....;_. ....__MA. —..——.’ fig egg: [ Q a AND WHEREAS, the property Plot No. C-S, admeasuring 223103 Sq. Mts. , {2400 Sq. Fte. ,} situated at Gut No 32/4. Brijwadi, Amangahad, is owned and possessed by Owner Nos 2 and 3 and they purchased the same under the registered sale— deed dated 20.01.2093, registered at Sr. No. 208, at the Office of Sub—Registrar, Aurangabad. AND WHEREAS. both the plots of Owner No.1 and that of Owner N032 and 3 are adjacent to each other and totally admeasuring 446.06 Sq. Mts. [4800 Sq. Fts.,} and they ate epecificafly described in Schedule “A” hereunder. AND WHEREAS, the Owners decided to develop their respective plots, but, due to lack of time and experience, they are unable to do so and therefore,‘ they contactedwith the Developer and requested it to develop the said plot and Developer accepted the proposal of Owners on the following termeemd conditions :— 1. That, the Owners hereby undertake that the property under development is free from all types of encumbrances and the)r are having absolute title of ewnerehip and possession of the same. If any dispute on account'of. the title, poasession or bomd-afles of the property under develqpment arose, Owners will clear theieame at their own cost, risk and teSpdnsibflity. 2. That, the Oumetsalso hereby declare that theylhave paid all the taxes and charges ofthe'IState Government and that of local authority in reepect 0f the preperty under development till the date of this Development Agreement and if any dues are found, the saint: will be paid by the Owners. 3. That, the Owners hereby declare that the property under development is not subject to any acquisition or requisition proceeding,'nor, it is affected by any reservation and the said property is also not subject matter of any litigation in any Court, Triblmel or before any authority. '3! w Ta‘ we". may be deci ded by majority views of “W. share If Jey or its expenses as on. the .1” .rrbers of the associati the services of the RCC Developer shall employ That the of the propertyr and qua lif ied archit ect for the development Jnsultant the Developer. elo pme nt but their fees will be paid by under dev es of legal adviser for may also employ servic Siinilarly, the Developer per ers and develo either in between the own drafting of the documents sers, but. the expenses of such or owners, developer and purcha and pai d by the advdeate will be incurred documents and fees of the Develop er. te irrevocable also executing the separa 14. That, the Owners are of the Developer in favor of the Proprietor general power of attorney ion permission, ng her to obtain construct firm and thereby authorizi ificate, to obtain mission, occupancy cert revised epnstruetion per declaration, to er connection, execute electricity connection, wat units d sale—deed in respect of the execute agreement to sale an which are and to do all other things retained by the Developer project. essential to complete the ip deed not be treated as partnersh 15. That, this agreement will the Developer. between the Owners and SCHEDULE “A” TY UND ER DEVELOPMENT DESCRIPTION OF PROPER property Plot. No. (3-5 and C— All that part and parcel of the Nita, (2400 Sq. Fts.,} and totally 6, each admeasuring 223.03 sq. commonly Sq. Fts.,} and 446.06 Sq. Mts.,_-(4800 admeasuring -7, South : Plot No.C-44A, West : Plot No.C boundedhy East : Plot 7.5 IMeter 'Wide Road, situated at Gut No.C-2 and 0-3, North : angabad. ' No.32f4, Brijwadi, Aur “t 2s: “ed. 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