NOTE :- The present draft specimen is drafted as contemplated in The Real Estate (Regulation and Development) Act, 2016. The Owner / Vendor / Developer reserves the right to make necessary changes as required from time to time. AGREEMENT TO SALE ZONE NO. ____ :- Rs. _________/- RATE @ PER SQ. MITR. FOR APARTMENT Government Valuation Rs. /- Actual Consideration Rs. /- THIS IS THE Agreement To Sale of Apartment No. ____, adm. ____ Sq. Mtrs. in “ARYA CHAYA ARCADE”, situated at, Plot of non-agricultural land, bearing Plot No. No. 24, adm. 487.00 Sq. Mtrs. forming part of C.T.S. No. 15737/139, Sheet No. 177, situated at Ulkanagari, Garkheda, Taluka and District Aurangabad. This deed of Agreement To Sale is made and executed on this ____th day of November 2020. BETWEEN 01. Mrs. Chhaya S/o Parashram Shelokar Age:- 60 Yrs., Occ.:- Household R/o:- Flat No. 501, Pushparaj Building, Ulkanagari, Garkheda, Aurangabad Aadhar No. 7161 4406 0937 PAN No. APTPS1514F 02. Mrs. Kanchan W/o Vilas Bhagat (Kanchan D/o Parashram Shelokar) Age:- 39 Yrs., Occ.:- Household R/o:- Plot No. 3, Sector 11, CBD Belapur, Navi Mumbai – 431 009 Aadhar No. 8584 5159 8133 PAN No. ASOPB0323K 03. Miss Mansi D/o Parashram Shelokar Age:- 29 Yrs., Occ.:- Service Page 1 of 42 R/o:- Flat No. 501, Pushparaj Building, Ulkanagari, Garkheda, Aurangabad Aadhar No. 3386 7765 5615 PAN No. CLJPS8795Q 04. Mr. Duryodhan Mahadeo Panchbudhe Age:- 64 Yrs., Occ.:- Pensioner R/o:- Flat No. 202, Pushparaj Building, Ulkanagari, Garkheda, Aurangabad Aadhar No. 8178 7133 6727 PAN No. AFOPP2919N Through their registered power of attorney holder (Registered at daybook serial No. AGG - 5 – 5856 dated 06/11/2020) Mr. Rahul S/o Basvant Nandgavali Prop. Aditya Builders Age:- 40 Yrs., Occ.:- Business R/o:-Plot No. 1-A, New Shantiniketan Colony, Jawahar Colony, Aurangabad. (PAN No. AEHPN8033M) Hereinafter called as OWNERS / VENDORS / CO PROMOTERS (Which expression shall, unless contrary to the context or meaning thereof, mean and include in the case of individuals his/her/their heirs and legal representatives and in case of partnership firm the partners constituting the firm for the time being and the survivors or survivor of them and their respective heirs and legal representatives and in the case of a corporate body, its successors and assigns and in the case of the Trust its Trustees for the time being) & PARTY OF THE FIRST PART; AND Mr. Rahul S/o Basvant Nandgavali Prop. Aditya Builders Age:- 40 Yrs., Occ.:- Business R/o:-Plot No. 1-A, New Shantiniketan Colony, Jawahar Colony, Aurangabad. (PAN No. AEHPN8033M) Hereinafter called and referred as “Developer / Builder” (which expression unless contrary to the context shall mean and deemed to include all his legal heirs, successors, executors, attorneys, assignee, administrators, signature authority etc.) PARTY OF SECOND PART. AND 01. Mr. Page 2 of 42 Age:- Years, Occ.:- PAN No. 02. Mrs. Age:- Years, Occ.:- PAN No. Both R/o:- Aurangabad Hereinafter collectively referred to as “THE PURCHASER/S” (Which expression shall, unless contrary to the context or meaning thereof, mean and include in the case of individuals his/her/their heirs and legal representatives and in case of partnership firm the partners constituting the firm for the time being and the survivors or survivor of them and their respective heirs and legal representatives and in the case of a corporate body, its successors and assigns and in the case of the Trust its Trustees for the time being) & PARTY OF THE THIRD PART; WHEREAS:— (a) The plot of non-agricultural land bearing No. 24, adm. 487.00 Sq. Mtrs. forming part of C.T.S. No. 15737/139, Sheet No. 177, situated at Ulkanagari, Garkheda, Taluka and District Aurangabad is originally owned by Grantor / Owner No. 01 only (Hereinafter referred to as the said plot for sake of brevity). The present Grantor / Owner No. 01 purchased the said plot from Mrs. Sushila W/o Santram Batra by virtue of registered sale deed bearing daybook serial No. 5996 dated 15/11/1984 and accordingly the name of present Owner No. 01 has been mutated in P. R. Card of C.T.S. No. 15737/139. The said plot is self-acquired property of Owner No. 01. The said plot is forming part of land duly converted from agricultural to non -agricultural vide order No. 91 / RB / DESK – II / LND – I / CR / 178 dated 15/05/1981 of which layout has also been sanctioned vide AGD / LYT / LYT / 641 dated 07/05/1981. (b) In the year 1995 present Grantor / Owner No. 01 sold part of said plot bearing C.T.S. No. 15737/139 adm. 233.22 Sq. Mtrs. to Mr. Duryodhan Mahadeo Panchbudhe (present Grantor / Owner No. 04) to the extent of 116.61 Sq. Mtrs. and Mr. Sunil S/o Janrao Shelokar to the extent of 116.61 Sq. Mtrs. by virtue of registered sale deed bearing daybook serial No. 3018 dated 29/09/1995 and accordingly the name of Mr. Duryodhan Mahadeo Panchbudhe (present Grantor / Owner No. 04) and Mr. Sunil S/o Janrao Shelokar has been mutated in P. R. Card of C.T.S. No. 15737/139 for collective 233.22 Sq. Mtrs. and thus after selling part of said Page 3 of 42 plot referred supra, the area adm. 253.78 Sq. Mtrs. remained in Ownership and possession of present Owner No. 01. (c) In the year 2001 one of the aforesaid owner namely Mr. Sunil S/o Janrao Shelokar died on 07/02/2001 and his legal heirs namely Smt. Vaishali Wd/o Sunil Shelokar, Miss Riddhi D/o Sunil Shelokar and Miss Siddhi D/o Sunil Shelokar has been mutated in P. R. Card of C.T.S. No. 15737/139 in pursuance to heirship certificate obtained by them from Hon’ble Civil Judge Senior Division, Aurangabad vide order in application bearing M.A.R.J.I. No. 512/2001. In the year 2003, Smt. Vaishali Wd/o Sunil Shelokar sold 84.53 Sq. Mtrs. area of said plot C.T.S. No. 15737/139 to present Grantor / Owner No. 01 by virtue of registered sale deed bearing daybook serial no. AGG – 2 – 1658 dated 16/08/2003 and the said sale deed is executed by Smt. Vaishali Wd/o Sunil Shelokar for herself as well as for her the then minor daughters namely Miss Riddhi D/o Sunil Shelokar and Miss Siddhi D/o Sunil Shelokar and in accordance with sais sale deed the name of present Owner has been mutated for said 84.53 Sq. Mtrs. in P. R. Card of C.T.S. No. 15737/139. (d) In the year 2020 present Vendor / Owner No. 01 realized that, in the year 2003 she got the sale executed to the extent of 84.53 Sq. Mtrs. only Smt. Vaishali Wd/o Sunil Shelokar, when Late Mr. Sunil S/o Janrao Shelokar was owner of 116.61 Sq. Mtrs. and present Owner No. 01 has purchased the entire share of Late Mr. Sunil S/o Janrao Shelokar, however on count of typographical mistake the area under sale in said sale deed has been specified as 84.53 Sq. Mtrs. instead of 116.61 Sq. Mtrs. and accordingly to rectify the said mistake, present Grantor / Owner No. 01 got the rectification deed to that tune registered in her favour, by virtue of daybook serial No. AGG – 5 - 2847 dated 30/06/2020 by Smt. Vaishali Wd/o Sunil Shelokar, Miss Riddhi D/o Sunil Shelokar and Miss Siddhi D/o Sunil Shelokar and the daughters of Late Mr. Sunil S/o Janrao Shelokar being major one has executed the correction deed personally along with their mother Smt. Vaishali Wd/o Sunil Shelokar and in pursuance to said correction deed the name of present Grantor / Owner No. 01 has been mutated for 116.61 Sq. Mtrs. and considering her own 253.78 Sq. Mtrs. area she became the owner and possessor of 370.39 Sq. Mtrs. area of plot C.T.S. No. 15737/139 and ownership of rest 116.61 Sq. Mtrs. area of C.T.S. No. 15737/139 vests with Vendor / Owner No. 04. (e) After demise of Mr. Sunil S/o Janrao Shelokar on 07/02/2001 name of his legal heirs namely Smt. Vaishali Wd/o Sunil Shelokar, Miss Riddhi D/o Sunil Shelokar and Miss Siddhi D/o Sunil Shelokar has been mutated in P. R. Card of C.T.S. No. 15737/139 in pursuance to heirship certificate obtained by them from Hon’ble Civil Judge Senior Division, Aurangabad vide order in application Page 4 of 42 bearing M.A.R.J.I. No. 512/2001. However inadvertently the name of mother of Late Mr. Sunil S/o Janrao Shelokar has not been incorporated in array of petitioners in petition for obtaining heirship certificate from Hon’ble Civil Judge Senior Division, Aurangabad in petition bearing M.A.R.J.I. No. 512/2001. Accordingly in pursuance to request made by present Owner No. 01, mother of Late Mr. Sunil S/o Janrao Shelokar and daughters namely Miss Riddhi D/o Sunil Shelokar and Miss Siddhi D/o Sunil Shelokar has confirmed the sale deed bearing daybook serial no. AGG – 2 – 1658 dated 16/08/2003 followed by Correction Deed bearing daybook serial No. AGG – 5 - 2847 dated 30/06/2020 in favour of Vendor / Owner No. 01 and declared that the sale in favour of present Owner No. 01 has been made for area adm. 116.61 Sq. Mtrs. and accordingly they have confirmed the sale and has no objection for title, ownership and possession of present Grantor / Owner No. 01 in respect of said area adm. 116.61 Sq. Mtrs. purchased from legal heirs of Late Mr. Sunil S/o Janrao Shelokar. (f) In the year 2020, Vendor / Owner No. 01 out of her 370.39 Sq. Mtrs. area from C.T.S. No. 15737/139 gifted 123.46 Sq. Mtrs. to Grantor / Owner No. 02 and similarly 123.46 Sq. Mtrs. to Vendor / Owner No. 03, who are her daughters by virtue of registered Gift Deed bearing daybook serial No. AGG – 5 – 2848 dated 30/06/2020 and thereafter she remained the owner and possessor of 123.47 Sq. Mtrs. and by virtue of said Gift Deed the name of her daughters i.e. Vendor / Owner No. 02 and 03 has been muted in P. R. Card of C.T.S. No. 15737/139. (g) The present Vendor / Owner No. 01 to 04 are desirous to develop the said plot but due to lack of time and experience etc., they find it difficult to do it at their own and at the same time the Vendor No. 02 / Developer is interested in developing the said plot as he is doing the said business in Aurangabad, and therefore, the present plot Owners requested to the Developer to develop the said plot and the Developer / Builder has agreed for the same. In pursuance to negotiations between the parties, before registration of Development Agreement the Vendor and Builder / Developer has proposed to get the building plan sanctioned after loading the TDR in form of FSI for which Vendors and Builder / Developer procured the TDR in the name of Vendor / Owner No. 01 to 04 at the cost of and thereafter get the building plan sanctioned in the name of Vendors / Owners only, so as to curtail the time and accordingly the Grantors / Owners have agreed for the same. Accordingly, the Builder / Developer have purchased the TDR adm. 68.94 Sq. Mtrs. under Certificate No. AMC / TP / DRC / 30 / 2020, Folio No. 03/30 dated 27/02/2020 from Mr. Vishal S/o Subhash Lolge vide transfer deed registered at daybook serial No. AGG – 2 – 4280 dated 06/08/2020. Similarly, TDR to the tune of 23.06 Sq. Mtrs. has been purchased in the name of present owners by Page 5 of 42 Builder / Developer under Certificate No. AMC / TP / DRC / 30 / 2020, Folio No. 03/27 dated 27/02/2020 from Mr. Aziz Khan Ahmed Khan, Mr. Mohammed Khan Ahmed Khan, Mr. Riyaz Khan Ahmed Khan, Mr. Rafiya Khan Ahmed Khan, Mr. Amena Begum Ahmed Khan and Mr. Anwar Khan Ahmed Khan vide transfer deed registered at daybook serial No. AGG – 2 – 4279 dated 05/08/2020. Accordingly after purchasing the TDR and loading the same, the Builder / Developer got the building plan sanctioned in the name of Vendors / Owners from Aurangabad Municipal Corporation vide Book No. 435, License No. 45/2020-21, File No. 47/17/2020-21 dated 07/09/2020 and as agreed the parties have decided to get the development agreement and accordingly they have entered into development agreement bearing daybook serial No. AGG – 5 – 5855 dated 06/11/2020 on the terms and conditions specified therein followed by Irrevocable Power of Attorney bearing daybook serial AGG – 5 – 5856 dated 06/11/2020. As the present Plot Owners / Party of First Part and Builder / Developer / Party of Second Part has entered in to a registered development agreement as referred supra, the plot-owners / Party of First Part and Builder / Developer / Party of Second Part herein were executing Deed of Declaration jointly under Sec. 2 Form – “A” of The Maharashtra Apartment Owners Act, 1970 under daybook serial No. AGG – 5 – 5857 dated 06/11/2020 thereby submitted the said proposed constructions to the provisions of the aforesaid act jointly in respect of proposed construction over said plot namely “ARYA CHAYA ARCADE”. (h) The said building which will be known as “ARYA CHAYA ARCADE”, it will be a multistoried building and at present according to existing plan, consisting 15 Apartments from First Floor to Fourth Floor. The Apartments are numbered as 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, 13, 14 & 15. The Plot Owners / Vendors bifurcated the share in units from “ARYA CHAYA ARCADE” and accordingly Apartment No. 10, 14 and 15 were allotted in exclusive share of Vendor / Owner No. 01, Apartment No. 05 and 09 were allotted in exclusive share of Vendor / Owner No. 02, Apartment No. 04 and 08 were allotted in exclusive share of Vendor / Owner No. 03 and Apartment No. 02 and 03 were allotted in exclusive share of Vendor / Owner No. 04 and on the other hand Apartment No. 01, 06, 07, 11,12 and 13 were retained by Builder / Developer being his exclusive share of in lieu of development agreement and respective party is at liberty to dispose off respective units / apartments. (i) The Specific location of each apartment and area of each room or W.C. or Bath in each one of the apartments is specifically shown in the construction plan (floor plan) which is treated as part of this declaration. Page 6 of 42 (j) That, each one of the apartment/s having individual utilisation on account of having its own exit to a common area and facility of the building and the said apartments falling in share of Builder / Developer will be sold by Builder according to its understanding in development agreement and share in construction allotted to respective party to one or more owner/s, each owner/s obtaining a particular and exclusive property-right thereto in respective unit such as apartment constituting a heritable and transferable, immovable properties within the meaning of any law for the time being in force in the state and also an undivided interest in the general and / or restricted common areas and facilities of the building as listed hereinafter in this deed, necessary for their adequate use and enjoyment and hereinafter referred to as General and / or restricted common areas and facilities, all of the above in accordance with the Maharashtra Apartment Ownership Act, 1970. The copy/ies of INDEX-II enclosed here with as Annexure-C-1, collectively. (k) The respective Owners / Party of First Part, has paid all the taxes and charges of the State Government, M.S.E.D.C.L. bills, and that of local authority in respect of the land / property (Schedule “A”) up to registration of present agreement and if any dues are found in this respect, the same shall be paid by the respective Owner. After the amalgamation of said plots the interest of respective plot in pursuance to respective plot is also merged and accordingly, they have been referred to as Owners / Vendors collectively. The Owners / Vendors and Developer/ Vendor reserves right to revise the existing permission to add the units on existing structure and also made aware to the Purchasers/ allottees about this fact. (l) Title Report (which showing the title flow and encumbrances if any, to or upon the said Property) in respect of the said Property issued by Advocate competent to issue the same has been annexed herewith, as ANNEXURE - A and the copy of revenue record / P. R. Card / 7/12 extract (as applicable) in respect of the said Property and ANNEXURE - B respectively. The Search Report and Title documents have been handed over separately to the Allottee’s /Purchaser/s herein and the same shall be read with this Agreement; (m) The Municipal Corporation of Aurangabad (“AMC"), being Planning Authority, under the Maharashtra Regional and Town Planning Act, 1966, have sanctioned and also revised the building plan. The relevant copies of the Commencement Certificate/s is/are annexed herewith and marked as ANNEXURE-C; Pursuant to and Page 7 of 42 in accordance with the afore stated sanction plan and revisions thereof, sanctioned and approved by the “AMC”, the DEVELOPER / BUILDER / PARTY OF SECOND PART has commenced the development on the said property; (n) While sanctioning the said plans, the “AMC” / Planning Authority imposed certain terms, conditions, stipulations and restrictions which are to be observed and performed by the OWNERS & DEVELOPER / BUILDER while developing the said Property and the construction of the said Building/s and upon due observance and performance of which only the Completion and Occupation certificates in respect of the said Project shall be granted by the Planning Authority; (o) The DEVELOPER / BUILDER & VENDOR has entered into standard agreement with “_____________” an architect registered with the council of architects and such agreement is as per the agreement prescribed by the council of architects and the DEVELOPER/BUILDER also appointed structural Consultant _________ as a structural engineers for the preparation of the structural design and drawings of the said project/Building and the VENDORS & DEVELOPER / BUILDER accepts the professional supervision of the architect and the structural engineer or any replacement thereof till the completion of the said Project. (p) The VENDORS & DEVELOPER / BUILDER has at the time of allotment and prior to the execution hereof, as demanded by the Allottees / Purchaser/s given inspection to the Allottees / Purchaser/s of all documents of title relating to the said Project Property and the plans, designs and specifications prepared by the Architect; copies of documents inter alia such as all sanctions, permissions, licenses, clearances etcetera issued in favour of the Owners / Vendors by various local / government / semi government bodies; right of the DEVELOPER / BUILDER to develop the said Project on said property; and all other related documents as are specified under The Real Estate (Regulation and Development) Act, 2016 and the Rules made there under, (said “ACT”) and the Allottees / Purchaser/s has satisfied him / her / them self about the plans, designs and specifications of said Unit / Apartment, title of the DEVELOPER / BUILDER to the said Project / Property, and DEVELOPER / BUILDER having development rights to develop the said Project property including and to allot and sell the said Unit exclusively; (q) That the carpet area of the said units / Apartments is in square meters and "carpet area" means the net usable floor area of an units / Apartments, excluding the area covered by the external walls, areas under services shafts, exclusive balcony appurtenant to the said Unit / Apartment for exclusive use of the Page 8 of 42 Allottees or verandah area and exclusive open terrace area appurtenant to the said units / Apartments for exclusive use of the Allottee / Purchaser, but includes the area covered by the internal partition walls of the units; (r) The Allottees / Purchaser/s knowing well the above facts and having satisfied with the sanction plan, floor plan, specifications, design, areas, location of the units / Apartments building project, amenities, common area, title documents, sanctions, applied for allotment of a residential units / Apartments No. ________, admeasuring ___________ Sq. Mtrs. Carpet area, ___________ Sq. Mtrs. Built up area, enclosed balcony area admeasuring ___________ Sq. Mtrs., open balcony area admeasuring _______ Sq. Mtrs. and Terrace area admeasuring ______ Sq. Mtrs., from “ARYA CHAYA ARCADE” being constructed on the said property, the Unit / Apartment is more particularly described in the Schedule-B written hereunder and delineated in the floor plan of the said units / Apartments which is also part of the ANNEXURE- D, with general specifications of construction more particularly described in the ANNEXURE-E written hereunder, which Unit / Apartment is hereinafter referred to as the said “unit / Apartment”; (For the sake of convenience of registration, smaller image of the relevant Floor Plan of building sanctioned by the Planning Authority and certified by the Architect is annexed as Schedule-B and a certified copy of sanctioned plan is separately provided to the Allottee / Purchaser/s). The DEVELOPER / BUILDER has agreed to provide common areas and facilities (amenities) for common use of the occupiers / residents of the said Building / project and the same shall be as described in the ANNEXURE–H enclosed hereto. Smaller images of present sanctioned building plan, delineating the said building are annexed and marked as ANNEXURE-C. The said unit under sale is falling in excusive share of Builder / Developer and only Builder / Developer has sole right to accept the sale consideration. (s) Relying upon the said application, the DEVELOPER / BUILDER agreed to allot to the Allottees / Purchaser/s herein the said units / Apartments No. _____ at the price and on the terms and condition hereinafter appearing, and the DEVELOPER / BUILDER issued to the Allottee / Purchaser/s an “ALLOTMENT LETTER" dated _____________ to that effect; That the Parties relying on the confirmations, representations and assurances of each other to faithfully abide by all the terms, conditions and stipulations contained in this Agreement and all applicable laws, are now willing to enter into this Agreement on the terms and conditions appearing hereinafter; Page 9 of 42 (t) Prior to the execution of these presents the Allottee / Purchaser/s has paid to the DEVELOPER / BUILDER a sum of Rs.___________/- (Rupees _________________ only) [not exceeding 10 % of the total consideration] as advance payment in compliance with clause 13 (1) of the said Act), being part payment of the sale price / consideration of the units / Apartments agreed to be sale by the DEVELOPER / BUILDER to the Allottee / Purchaser/s as advance payment or earnest money deposit, or holding amount or application fee (the payment and receipt whereof the DEVELOPER / BUILDER both hereby admit and acknowledge) and the Allottee / Purchaser/s agreed to pay to the DEVELOPER / BUILDER the balance of the sale price/consideration in the manner hereinafter appearing; (u) The Allottee / Purchaser/s having satisfied with the specification of the said units / Apartments; and with the above said title documents and sanctions inspected by him / her / them , agreed to purchase the said units / Apartments from the DEVELOPER / BUILDER and the DEVELOPER / BUILDER agreed to allot the same to the Allottee’s / Purchaser/s for and at the price hereinafter mentioned; (v) The DEVELOPER / BUILDER has registered the said Project under the provisions of the said Act with the Real Estate Regulatory Authority on _________ bearing Registration No.___________; the authenticated copy of the same is annexed hereto and marked as ANNEXURE-F (w) Under section 13 of the said Act the DEVELOPER / BUILDER is required to execute a written Agreement for sale of said Unit / Apartment with the Allottee / Purchaser/s, being in fact these presents and to register the said Agreement under the Registration Act, 1908; In accordance with the terms and conditions set out in this Agreement and as mutually agreed upon by and between the Parties, the DEVELOPER / BUILDER hereby agrees to sell and the Allottee / Purchaser/s hereby agrees to purchase the said Unit / Apartment and the parties hereto therefore have executed this Agreement for sale to witness the terms and conditions thereof and in compliance with Section No.13 of the said Act, as under:- NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED, DECLARED AND RECORDED BY AND BETWEEN THE PARTIES AS FOLLOWS: Page 10 of 42 01. The Developer / Builder shall construct building consisting units / Apartments named as “ARYA CHAYA ARCADE” which consist total ___ apartments according to existing plan (which might be revised by Builder / Developer, if required) is with Vendors / Owners and Builder / Developer as specified in Development Agreement and Deed of Declaration. According to existing plan the Vendors and Builder / Developer have bifurcated their units from proposed construction as described in deed of declaration referred supra. The Developer / Builder shall construct the said building (as contemplated in development agreement) in accordance with the plans, designs and specifications as approved by the concerned local authority from time to time. Provided that the DEVELOPER / BUILDER shall have to obtain prior consent in writing of the Allottee / Purchaser in respect of variations or modifications which may adversely affect the units / Apartments of the Allottee/Purchaser except (i) any alteration or addition required by any Government authorities or due to change in law, or (ii) the DEVELOPER / BUILDER may make such minor additions or alterations as may be required by the Allottee / Purchaser/s, or such minor changes or alterations as may be necessary due to architectural and structural reasons duly recommended and verified by the Architect or Engineer after proper declaration and intimation to the Allottee / Purchaser. 02. The Developer / Builder does hereby agree to sale, transfer and otherwise convey in the manner hereinafter mentioned, the said unit / Apartment bearing No. ________, admeasuring ___________ Sq. Mtrs. Carpet area, ________ Sq. Mtrs. Built Up Area, along with enclosed balcony area admeasuring ___________ Sq. Mtrs., open balcony area admeasuring _______ Sq. Mtrs. and Terrace area admeasuring ______ Sq. Mtrs. in Building Type “_______” from “ARYA CHAYA ARCADE” which described in Schedule-B being constructed on the said property described in Schedule-A unto and in favour of the Allottee / Purchaser/s herein, subject to the terms and conditions hereof and the Allottee / Purchaser/s does hereby agrees to purchase the same from the DEVELOPER / BUILDER (the right to accept the entire consideration is of Builder / Developer in pursuance to Development Agreement and Deed of Declaration) for the total consideration of Rs.___________/- (Rupees ________________) including cost of proportionate common area, and out of which Rs.___________/- (Rupees ________________) Purchaser/s has paid the earnest amount to Developer/Builder as under :- Sr. Cheque / R. No. Date Amount Banker No. s 1) 2) Total Page 11 of 42 As such Developer / Builder hereby acknowledge the receipt of the same. The purchaser shall pay the remaining amount of consideration of in the manner provided in the clause No. 3 hereof. 03. In consideration thereof the Allottees / Purchaser/s paid and/or agreed to pay the above said total consideration for the purchase of the said Unit / Apartment to the DEVELOPER / BUILDER and the DEVELOPER / BUILDER agreed to accept the same from the Allottees/Purchaser/s as per the Payment Schedule as under :- Amount Particulars or Stage of Payment Rs.________ Balance of 10% of the total price payable by the Purchaser to the DEVELOPER/BUILDER before execution of Agreement (if any). Rs.________ 20% of the total price payable by the Purchaser to the DEVELOPER/BUILDER on execution of Agreement. Rs.________ 15% of the total price payable by the Purchaser to the DEVELOPER/BUILDER at the time of completion of Plinth. Rs.________ 10% of the total price payable by the Purchaser to the DEVELOPER/BUILDER at the time of commencement of the 2nd slab of the Building. Rs.________ 10% of the total price payable by the Purchaser to the DEVELOPER/BUILDER at the time of commencement of the 04th slab of the Building. Rs.________ 05% of the total price payable by the Purchaser to the DEVELOPER/BUILDER at the time of commencement of the 05th slab of the Building. Rs.________ 05% of the total price payable by the Purchaser to the DEVELOPER/BUILDER on completion of walls, internal plaster of the said unit. Rs.________ 05% of the total price payable by the Purchaser to the DEVELOPER/BUILDER on Completion the, Staircases, Lift wells, lobbies up to the floor level of the said unit. Rs.________ 05% of the total price payable by the Purchaser to the DEVELOPER/BUILDER on Completion the external plumbing, and external plaster, elevation, terraces with waterproofing of the said building or wing of the said unit. Rs.________ 10% of the total price payable by the Page 12 of 42 Purchaser to the DEVELOPER/BUILDER on completion of sanitary Fittings, floorings, doors and windows of the said unit. Rs.________ 05% Balance amount of the total price payable by the Purchaser to the DEVELOPER/BUILDER at the time of delivery of possession on or after occupancy of certificate or completion certificate of the said unit. Rs.________ Total (_________ Only) amount (100%) 04. That, on completion of the unit / Apartment, the purchaser/s shall be given intimation by the Developer/Builder and within a 15 days from the said intimation the purchaser will have to pay all the dues towards the price of the unit / Apartment, GST and other applicable cess, payment for electricity connection, electricity infrastructure charges and payment relating to extra items and get the Sale Deed executed in his/her/their favour at his/her/their own cost and take the possession of the unit / Apartment. 05. The above said total consideration excludes Taxes (consisting of tax paid or payable by way of GST (Goods and Service Tax), Cess, payment for electricity connection, electricity infrastructure charges, stamp duty, registration charges, LBT and payment relating to extra items etc. or any other similar taxes which may be levied, in connection with the construction of and carrying out the Project) up to the date of handing over the possession of the said Flat and the above said total consideration is escalation-free, save and except escalations/increases, due to increase on account of development charges payable to the competent authority and/or any other increase in charges which may be levied or imposed by the competent authority Local Bodies / Government from time to time. The DEVELOPER / BUILDER undertakes and agrees that while raising a demand on the Allottee / Purchaser/s for increase in development charges, cost, or levies imposed by the competent authorities etc., the DEVELOPER / BUILDER shall enclose the said notification / order / rule / regulation published / issued in that behalf to that effect along with the demand letter being issued to the Allottee/Purchaser, which shall only be applicable on subsequent payments. The DEVELOPER / BUILDER may charge the Allottee / Purchaser /s separately for any up - gradation / changes specifically requested, made changes in specification or additional work other then agreed in specification or approved by the Allottee / Purchaser in fittings, fixtures and specifications and any other facility which have been done on the Allottee / Purchaser/s request or approval but which have not been agreed upon herein or as shown in the website of the registered authority. Page 13 of 42 06. Subject to the terms of this Agreement and the DEVELOPER / BUILDER abiding by the construction mile stones, the Allottees / Purchaser/s shall make all payments, on demand by the DEVELOPER / BUILDER, within the stipulated time as mentioned in the Payment Schedule through A/c Payee cheque / demand draft only or online payment. The DEVELOPER / BUILDER herein on due date / or on reaching aforesaid construction milestone / stage as mentioned in the said Annexure- I shall intimate the amount payable in writing or by digital E-mail to the Allottees / Purchaser and the Allottees / Purchaser shall make payment of such due amount to the DEVELOPER / BUILDER within seven days from the date of such intimation. The Allottee / Purchaser/s herein specifically agrees that he / she / they shall pay the total consideration along with the GST @ as applicable and such other applicable taxes. 07. The DEVELOPER / BUILDER may allow, in its sole discretion, a rebate for early payments of equal installments payable by the Allottee / Purchaser/s as per the aforesaid payment schedule. The provision for allowing rebate and such rate of rebate shall not be subject to any revision / withdrawal, once granted to an Allottee / Purchaser/s by the DEVELOPER / BUILDER. 08. MEASUREMENT OIF THE CARPET AREA OF SAID unit / Apartment:- The DEVELOPER / BUILDER shall confirm the final carpet area, that has been allotted to the Allottees / Purchaser/s after the construction of the said Building is complete and the occupancy certificate is granted by the competent authority, by furnishing details of the changes, if any, in the carpet area, subject to a variation cap of (03%) three percent. The total price payable for the said unit / Apartment shall be recalculated upon confirmation by the Architects of the project. If there is any reduction in the carpet area, within the defined limit then DEVELOPER / BUILDER shall refund the excess money paid by Allottees / Purchaser/s within forty-five days with annual interest at the rate specified in the Rules, from the date when such an excess amount was paid by the Allottees / Purchaser. If there is any increase in the carpet area allotted to Allottees / Purchaser, the DEVELOPER / BUILDER shall demand additional amount from the Allottees / Purchaser/s as per the next milestone of the Payment Schedule. All these monetary adjustments shall be made at the same rate per square meter as agreed in Clause No. 02 of this Agreement in proportionate. That in such a case the parties hereto agree that a nominated surveyor / architect as expert be appointed be mutually to take his expert opinion of measuring the said unit and submitting the said details. Page 14 of 42 09. ADJUSTMENT/APPROPRIATION OF PAYMENTS:- The Allottees / Purchaser/s authorizes the DEVELOPER / BUILDER to adjust / appropriate all payments made by him / her under any head(s) of dues against lawful outstanding, if any, in his / her name as the DEVELOPER / BUILDER may in its sole discretion deem fit and the Allottee / Purchaser/s undertakes not to object / demand / direct the DEVELOPER / BUILDER to adjust his payments in any manner. 10. INTEREST ON UNPAID DUE AMOUNT :- Without prejudice to the right of the DEVELOPER / BUILDER to take action for breach arising out of delay in payment of the instalments on the due dates, the Allottee / Purchaser/s shall be bound and liable to pay interest as specified in the Rules of the said Act, with monthly rests, on all amounts which become due and payable by the Allottee / Purchaser/s to the DEVELOPER / BUILDER till the date of actual payment, provided that tender of the principal amounts and interest or tender of the interest and expenses thereof shall not itself be considered as waiver of the right of the DEVELOPER / BUILDER under this Agreement, nor shall it be construed as condonation of delay by the DEVELOPER/BUILDER. The amount of interest may be informed to the Allottee / Purchaser/s from time to time or on completion of the said Project, and the Allottee / Purchaser/s has / have agreed to pay the same as and when demanded before the possession of the said Unit / Apartment. 11. DISCLOSER AS TO FLOOR SPACE INDEX:- The DEVELOPER / BUILDER hereby declares that as per the prevailing Development Control Regulation the total FSI / TDR in respect of the said Property is admeasuring ______ Sq. Mtrs. on which _________ Sq. Mtrs. of FSI/TDR purchased, out of which to the extent of ______________ Sq. Mtrs loaded on the said property and permissible FSI is 1.10 in said locality, it means total FSI of the project _______ Sq. Mtrs. out of which ________ Sq. Mtrs. is consumed. The DEVELOPER / BUILDER firm reserves its right to revise the existing permission to add the units on existing structure and also made aware to the Purchasers/ allottees about this fact and the Allottee / Purchaser/s has given the consent at the time of booking / confirmation of allotment only for such revision. Page 15 of 42 12. TERMINATION OF AGREEMENT:- Without prejudice to the right of DEVELOPER / BUILDER to charge interest in terms of above mentioned clause, on the Allottee / Purchaser/s committing default in payment on due date of any amount due and payable by the Allottee / Purchaser/s to the DEVELOPER / BUILDER under this Agreement (including his/her proportionate share of taxes levied by concerned local authority and other outgoings) and on the Allottee / Purchaser/s committing three defaults of payment of instalments, the DEVELOPER / BUILDER shall at his own option, may terminate this Agreement: Provided that, DEVELOPER / BUILDER shall give notice of fifteen days in writing to the Allottee / Purchaser/s, by Registered Post AD at the address provided by the Allottee / Purchaser/s and mail at the e-mail address provided by the Allottee / Purchaser/s, of his intention to terminate this Agreement and of the specific breach or breaches of terms and conditions in respect of which it is intended to terminate the Agreement. If the Allottee / Purchaser/s fails to rectify the breach or breaches mentioned by the DEVELOPER / BUILDER within the period of notice then at the end of such notice period, DEVELOPER / BUILDER shall be entitled to terminate this Agreement. Provided further that upon termination of this Agreement as aforesaid, the DEVELOPER / BUILDER shall refund the amount till then received from the Allottee / Purchaser/s without any interest thereon within a period of 30 days, by deducting; (i) an amount of Rs. 1,00,000/- (Rupees One Lakh Only) towards liquidated damages and/or cancellation in addition to any interest (as specified in the Rules of the said Act) payable on outstanding amount overdue from the Allottee / Purchaser/s, (ii) the stamp duty, registration charges, cost of extra work etc. and (iii) the amount of GST and LBT or any other taxes charged by the DEVELOPER / BUILDER to the Allottee / Purchaser/s till the date of such termination and the DEVELOPER / BUILDER herein shall be entitled to deal with the said Unit / Apartment with any prospective buyer. Delay in issuance of any reminder/s or notice/s from the DEVELOPER / BUILDER shall not be considered as waiver of DEVELOPER / BUILDER’s absolute right to terminate this Agreement. For whatsoever reason if the Allottee / Purchaser/s herein, without any default or breach on his / her / their part or on the part of the DEVELOPER / BUILDER, desire to terminate this agreement / transaction in respect of the said Unit / Apartment then, the Allottee / Purchaser/s herein shall issue a prior written notice to the DEVELOPER / BUILDER informing the intention of the Allottee / Purchaser/s to terminate this Agreement and on such receipt of notice the DEVELOPER / BUILDER herein shall be entitled to deal with the said Unit / Apartment with prospective buyers. Page 16 of 42 After receipt of such notice of intention to terminate this Agreement the DEVELOPER / BUILDER shall issue a 15 days’ notice in writing calling upon him / her / them to execute and register Deed of Cancellation. Only upon the execution and registration of Deed of Cancellation, the Allottee / Purchaser/s shall be entitled to receive the refund of the amount till then paid by the Allottee / Purchaser/s to the DEVELOPER / BUILDER without any interest thereon within a period of six months, by deducting; (i) an amount of Rs. 1,00,000/- (Rupees One Lakh Only) towards liquidated damages and/or cancellation in addition to any interest (as specified in the Rules of the said Act) payable on outstanding amount overdue from the Allottee / Purchaser/s, (ii) the stamp duty, registration charges, cost of extra work etc. and (iii) the amount of GST and LBT charged by the DEVELOPER / BUILDER to the Allottee / Purchaser/s till the date of such termination. It is specifically agreed between the parties hereto that, if the transaction in respect of the said Apartment between the DEVELOPER / BUILDER and Allottee / Purchaser/s herein terminated as stated hereinabove then all the instruments under whatsoever head executed between the parties hereto or between the DEVELOPER / BUILDER and Allottee / Purchaser/s herein, in respect of the said Unit / Apartment, shall stands automatically cancelled and either party have no right, title, interest or claim against each other. 13. The DEVELOPER / BUILDER shall have first and permanent lien and charge upon the said unit / Apartment and the right, title and interest of the Allottee / Purchaser/s therein for all moneys due and payable by the Allottee / Purchaser/s to the DEVELOPER / BUILDER under this agreement. 14. The DEVELOPER / BUILDER shall construct on the said property the said Building in accordance with plans, designs and specifications as seen and approved by the Allottee / Purchaser/s prior to the execution of this agreement and duly approved by the planning authority with such variations and modifications as the DEVELOPER / BUILDER in their absolute authority may consider expedient. Provided that the DEVELOPER / BUILDER shall have to obtain prior consent in writing of the Allottee / Purchaser/s in respect of variations or modifications which may adversely affect the unit / Apartment of the Allottee / Purchaser/s except any alteration or addition required by any Government authorities or due to change in law. Page 17 of 42 15. The DEVELOPER / BUILDER hereby agrees to observe, perform and comply with all terms, conditions, stipulations and restrictions, if any, which have been imposed by the public bodies, various Govt. departments, authorities, including planning authority at the time of sanctioning the building plans or thereafter. The DEVELOPER/BUILDER shall, before handing over possession of the said unit / Apartment to the Allottee/Purchaser/s obtain from the concerned local authority completion / occupation certificate in respect inter alia of the said Unit / Apartment. The terms, conditions, stipulations and restrictions imposed by the concerned authorities at the time of sanctioning the building plans or thereafter shall also be binding on the Allottee / Purchaser/s herein and all Allottee / Purchasers of the unit / Apartment of the said Project and DEVELOPER / BUILDER. 16. The fixtures and fittings with regard to the flooring and sanitary fittings and amenities like one or more lifts to be provided by the DEVELOPER / BUILDER in the said building and the Unit / Apartment are as set out in Annexure-E, annexed hereto. 17. POSSESSTION OF THE UNIT :- The covenants relating to the procedure of possession as agreed by and between the parties to this Agreement are as follows:- a. The DEVELOPER / BUILDER agrees and understands that timely delivery of possession of the unit / Apartment is the essence of this Agreement. Subject to receipt of total consideration and dues of the DEVELOPER / BUILDER and taxes thereon are paid by the Allottees / Purchaser/s in respect of the said unit / Apartment on time, in terms of these presents, the DEVELOPER / BUILDER, based on the approved plans and specifications, assures to handover possession of the said Unit / Apartment on or before ____st ______ 202__ (i.e. date of possession). Provided that the DEVELOPER/BUILDER shall be entitled to reasonable extension of time as agreed by and between the Allottee / Purchaser/s and the DEVELOPER / BUILDER for giving possession of the unit / Apartment on the aforesaid date, and the same shall not include the period of extension given by the Authority for registration. Further if the completion of building in which the unit / Apartment is to be situated is delayed on account of:– (i) War, civil commotion, flood, drought, fire, cyclone, earthquake, act of god or any calamity by nature affecting the regular development of the real estate project or due ban on construction due to shortage of sand or water etc. by local body the Allottee has committed any default in payment of instalment as Page 18 of 42 mentioned here in above (without prejudice to the right of the DEVELOPER/BUILDER to terminate this agreement mentioned herein above), any extra work/addition required to be carried in the said Unit / Apartment as per the requirement and at the cost of the Allottee / Purchaser, non-availability of steel, cement or any other building materials, water or electric supply, any delay on the part of the Office of the Collector, Aurangabad or any other Public Body or Authority, including the MSEDCL, in issuing or granting necessary Certificates / Noc’s / Permissions / Licenses / Connections of any service such as Electricity, Drains and Water Connections and Meters to the said Project under construction by the DEVELOPER / BUILDER on the said land, any other reasons beyond the control of the DEVELOPER / BUILDERor (“Force Majeure”). (ii) Extension of time for giving possession as may be permitted by the Regulatory Authority under the said Act for reason where actual work of said Project / building could not be carried by the DEVELOPER / BUILDER as per sanctioned plan due to specific stay or injunction orders relating to the said Project from any Court of Law, or Tribunal, Competent authority, statutory authority, high power committee etc. or due to such circumstances as may be decided by the Authority. b. If, however, the completion of the said Project is delayed due to the Force Majeure conditions then the Allottee / Purchaser/s agrees that the DEVELOPER / BUILDER shall be entitled to the extension of time for delivery of possession of the Unit / Apartment, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee / Purchaser/s agrees and confirms that, in the event it becomes impossible for the DEVELOPER / BUILDER to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the DEVELOPER / BUILDER shall refund to the Allottee / Purchaser the entire amount received by the DEVELOPER / BUILDER from the allottee / Purchaser within 30 days’ from that date. After any refund of the money paid to the Allottee / Purchaser/s, Allottee / Purchaser/s agrees that he / she / they shall not have any rights, claims etc. against the DEVELOPER / BUILDER and that the DEVELOPER / BUILDER shall be released and discharged from all its obligations and liabilities under this Agreement. Schedule for possession of the common amenities: - The Developer / Builder, assures to hand over the possession of said common amenities (if any) on ___st _____ 202___. The allottee/s herein agrees and conveys that he/she/they shall not be entitled to refuse to take the possession of the said unit / Page 19 of 42 Apartment on the ground of non completion of aforesaid common amenities. c. The Allottee / Purchaser/s further agree that even where ‘substantial completion’ of works has been done and after receiving Occupancy Certificate from the competent authority possession of the said unit / Apartment shall be given. That substantial completion would mean works done that do not affect his / her / their use or occupation of his unit / Apartment and he can cohabit in the said unit / Apartment. However, if the DEVELOPER / BUILDER is not allowed by the Allottee / Purchaser/s or any person on his / her / their behalf to complete the remaining portion of the works, it shall be accepted by and between the parties that the remaining works shall be deemed to have been done as and against the DEVELOPER / BUILDER. d. Procedure for taking Possession :- The DEVELOPER / BUILDER, upon obtaining the Occupancy Certificate from the Planning Authority shall offer in writing to the Allottee / Purchaser/s intimating that, said unit / Apartment is ready for use and occupation. The Allottee / Purchaser/s herein shall inspect the said unit / Apartment in all respects to confirm that the same is in accordance with the terms and conditions of this Agreement, complete the payment of total consideration and dues and taxes thereon to the DEVELOPER / BUILDER as per terms and conditions of this Agreement and take the possession of the said unit / Apartment within 15 days’ from the date of written intimation issued by the DEVELOPER / BUILDER to the Allottee / Purchaser herein. The DEVELOPER / BUILDER agrees and undertakes to indemnify the Allottee / Purchaser/s in case of failure of fulfilment of any of the provisions, formalities, documentation on part of the DEVELOPER / BUILDER. The Allottee / Purchaser/s agree to pay the maintenance charges as determined by the DEVELOPER / BUILDER / body of the unit / Apartment Allottee / Purchasers / association of Allottee / Purchasers, as the case may be. It shall be expressly agreed that wherever it is the responsibility of the Allottee / Purchaser/s to apply and get necessary services the same shall not be undertaken by the DEVELOPER / BUILDER and the Allottee / Purchaser/s shall be solely responsible for the same. e. Failure of Allottee to take possession of Unit : - Upon receiving a written intimation from the DEVELOPER / BUILDER as stated hereinabove, the Allottee / Purchaser/s shall take possession of the said unit / Apartment from the DEVELOPER / BUILDER by executing necessary indemnities, undertakings, possession agreement and such other documentation as prescribed in this Agreement, and the DEVELOPER / BUILDER shall give possession of the said Unit / Apartment to the Allottee / Purchaser/s. In case the Allottee / Purchaser/s fails or commits Page 20 of 42 delay in taking possession of said unit / Apartment within the time provided hereinabove, such Allottee / Purchaser/s shall be liable for payment of common maintenance charges as applicable, property tax, electricity charges and any other expenses and outgoings in respect of the said unit / Apartment and the DEVELOPER / BUILDER shall not be liable for the maintenance, wear and tear of the said unit / Apartment. f. After obtaining the occupancy certificate and handing over physical possession of the said unit / Apartment to the Allottee / Purchaser/s, it shall be the responsibility of the DEVELOPER / BUILDER to handover the necessary documents and plans, including common areas, to the association of the Allottee / Purchaser/s or the competent authority, as the case may be, as per the local laws. Further that the Allottee / Purchaser have given his / her / their specific confirmation herein that the responsibility of title of the properties mentioned in the Schedule No. A & B shall be on the Vendor / Owner. g. Except for occurrence of the events stating herein above, if the DEVELOPER / BUILDER fails to complete or is unable to give possession of the said Unit / Apartment; (i) in accordance with the terms of this Agreement, duly completed by the date specified herein; or (ii) due to discontinuance of his business as a DEVELOPER / BUILDER on account of suspension or revocation of the registration under the said Act; or for any other reason; the DEVELOPER / BUILDER shall be liable, on demand to the Allottee / Purchaser/s, in case the Allottee / Purchaser wishes to withdraw from the Project, without prejudice to any other remedy available, to return the total amount received by him in respect of the unit / Apartment by deducting applicable taxes and charges, with the interest as per State Bank of India highest Marginal cost of Lending rate plus 2 % percent per annum within 30 days including compensation in the manner as provided under the Act. Provided that where if the Allottee / Purchaser/s does not intend to withdraw from the said Project, the DEVELOPER / BUILDER shall pay the Allottee / Purchaser/s interest as per “State Bank of India” highest Marginal cost of Lending rate plus 2% percent on all amounts paid by the Allottee / Purchaser/s, for every month of delay, till handing over of the possession of the said unit / Apartment. Page 21 of 42 18. TIME IS ESSENCE:- Time is an essence of this Agreement for the DEVELOPER / BUILDER as well as the Allottee / Purchaser/s. The DEVELOPER / BUILDER shall abide by the time schedule for completing the project and handing over the unit / Apartment to the Allottee / Purchaser/s and the common areas to the association of the Allottee / Purchasers after receiving the occupancy certificate or the completion certificate or both, as the case may be. Similarly, the Allottee / Purchaser/s shall make timely payments of the installment and other dues payable by him and meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the DEVELOPER / BUILDER as provided hereinabove ("Payment Schedule" above for brevity). 19. DEFECT LIABILITY If within a period of 05 years as specified in the Rules of said Act, the Allottee / Purchaser/s from the date of handing over the said Unit / Apartment or within 15 days from the date of intimation by the DEVELOPER / BUILDER to take the possession of the said Unit / Apartment whichever is earlier, brings to the notice of the DEVELOPER / BUILDER any structural defect in the unit / Apartment or the building in which the Unit / Apartment is situated or any defects on account of workmanship, quality or provision of services, then wherever possible such defects shall be rectified by the DEVELOPER / BUILDER at his own cost and in case it is not possible to rectify such defects, then the Allottee / Purchaser shall be entitled to receive from the DEVELOPER / BUILDER, compensation for such defect in the manner as provided under the Act. Provided however, that the Allottee / Purchaser/s shall not carry out any alterations of the whatsoever nature in the said unit / Apartment / Passage / Balcony / Parking area or any place of the said Building/s which shall include but not limit to columns, beams etc. or in the fittings therein, in particular it is hereby agreed that the Allottee / Purchaser/s shall not make any alterations in any of the fittings, pipes, water supply connections or any erection or alteration in the bathroom, toilet and kitchen, which may result in seepage of the water. If any of such works are carried out without the written consent of the DEVELOPER / BUILDER the defect liability automatically shall become void. The word defect here means only the manufacturing and workmanship defect/s caused on account of wilful neglect on the part of the DEVELOPER / BUILDER, and shall not mean defect/s caused by normal wear and tear and by negligent use of Unit / Apartment by the Occupants, vagaries of nature etc. Page 22 of 42 That it shall be the responsibility of the Allottee/Purchaser to maintain his / her / their unit / Apartment in a proper manner and take all due care needed including but not limiting to the joints in the tiles in his Unit / Apartment are regularly filled with white cement / epoxy to prevent water seepage. Further where the manufacturer warranty as shown by the DEVELOPER / BUILDER to the Allottee / Purchaser ends before the defects liability period and such warranties are covered under the maintenance of the said unit / Apartment or Building, and if the annual maintenance contracts are not done / renewed by the Allottee / Purchaser/s the DEVELOPER / BUILDER shall not be responsible for any defects occurring due to the same. That the project as a whole has been conceived, designed and constructed based on the commitments and warranties given by the Vendors / manufacturers that all equipment’s, fixtures and fittings shall be maintained and covered by maintenance / warranty contracts so as it to be sustainable and in proper working condition to continue warranty in both the Unit / Apartment and the common project amenities wherever applicable. That the Allottee / Purchaser has been made aware and the Allottee / Purchaser expressly agrees that the regular wear and tear of the unit / Apartment / Building includes minor hairline cracks on the external and internal walls excluding the RCC structure which happens due to variation in temperature of more than 20°C and which do not amount to structural defects and hence cannot be attributed to either bad workmanship or structural defect. Provided further that any deviation in usage/maintenance of the said unit / Apartment in contravention to User Manual shall amount to default on part of the Allottee / Purchaser towards proper maintenance of the unit / Apartment / building and the Allottee / Purchaser shall not be entitled to claim any compensation against defect liability from the DEVELOPER / BUILDER. It is expressly agreed that before any liability of defect is claimed by or on behalf of the Allottee / Purchaser, it shall be necessary to appoint an expert who shall be a nominated surveyor who shall survey and assess the same and shall then submit a report to state the defects in materials used, in the structure built of the Unit / Apartment / Building and in the workmanship executed keeping in mind the aforesaid agreed clauses of this agreement. Further the Allottee / Purchaser/s shall permit the DEVELOPER / BUILDER and their surveyors and agents, with or without workmen and others, at all reasonable times, to enter into and upon the said building or any part thereof to view and examine the state and condition thereof. Page 23 of 42 Howsoever for the purpose of defect liability on towards the DEVELOPER / BUILDER, the date shall be calculated from the date of handing over possession to the Allottee / Purchaser/s for fit-outs and interior works or within 15 days from the date of intimation of possession of the said unit / Apartment by the DEVELOPER / BUILDER whichever is earlier and that the said liability shall be those responsibilities which are not covered under the maintenance of the said unit / Apartment / building as stated in this Agreement. That further it has been agreed by the Allottee / Purchaser/s that any damage or change done within the unit / Apartment sold or in the building / phase / wing done by him / her / them or by any third person on and behalf of the Allottee / Purchaser/s then the Allottee / Purchaser/s expressly absolves the DEVELOPER / BUILDER from the same. 20. REPRESENTATIONS AND WARRANTIES OF THE DEVELOPER/BUILDER The DEVELOPER / BUILDER hereby represents and warrants to the Allottee / Purchaser/s as follows: i. The DEVELOPER / BUILDER has clear and marketable title with respect to the said Property; as declared in the title certificate /report annexed to this agreement and the DEVELOPER / BUILDER has the requisite rights to carry out development upon the said Property/Project Land and also has actual, physical and legal possession of the said Property for the implementation of the Project; ii. The DEVELOPER / BUILDER has lawful rights and requisite approvals from the competent Authorities to carry out development of the Project and shall obtain requisite approvals from time to time to complete the development of the project; iii. There are no encumbrances upon the said Property or the Project except those disclosed in the title report; iv. There are no litigations pending before any Court of law with respect to the said Property or Project; v. All approvals, licenses and permits issued by the competent authorities with respect to the Project, said Property and said building/wing are valid and subsisting and have been obtained by following due process of law. Further, all approvals, licenses and permits to be issued by the competent authorities with respect to the Project, said Property and said building / wing shall be obtained by following due process of law and the DEVELOPER / BUILDER has been and shall, at all times, remain to be in compliance with all Page 24 of 42 applicable laws in relation to the Project, said Property, Building/wing and common areas; vi. The DEVELOPER / BUILDER has the right to enter into this Agreement and has not committed or omitted to perform any act or thing, whereby the right, title and interest of the Allottee/Purchaser/s created herein, may prejudicially be affected; vii. The DEVELOPER / BUILDER has not entered into any agreement for sale and/or any other agreement / arrangement orally or in writing with any person or party with respect to the said Property, including the Project and the said unit / Apartment which will, in any manner, affect the rights of Allottee / Purchaser/s under this Agreement; other than the encumbrances mentioned in Title Report. viii. The DEVELOPER / BUILDER confirm that the DEVELOPER / BUILDER is not restricted in any manner whatsoever from selling the said unit / Apartment to the Allottee / Purchaser/s in the manner contemplated in this Agreement; ix. The DEVELOPER / BUILDER has duly paid and shall continue to pay and discharge undisputed governmental dues, rates, charges and taxes and other monies, levies, impositions, premiums, damages and/or penalties and other outgoings, whatsoever, payable with respect to the said Project to the competent Authorities; x. No notice from the Government or any other local body or authority or any legislative enactment, government ordinance, order, notification (including any notice for acquisition or requisition of the said property) has been received or served upon the DEVELOPER / BUILDER in respect of the said Property and/or the Project except those disclosed in the title report. 21. COVENANTS AS TO USE OF SAID UNIT :- The Allottee / Purchaser/s or himself / herself / themselves with intention to bring all persons into whosoever hands the said unit / Apartment may come, hereby covenants with the DEVELOPER / BUILDER as follows :- i. To maintain the unit / Apartment at the Allottee / Purchaser's own cost in good and tenantable repair and condition from the date that of possession of the Unit / Apartment is taken and shall not do or suffer to be done anything in or to the building in which the Unit / Apartment is situated which may be against the rules, regulations or bye-laws or change / alter or make addition in or to the building in which the Unit / Apartment is Page 25 of 42 situated and the Unit / Apartment itself or any part thereof without the consent of the local authorities, if required. ii. Not to store in the Unit / Apartment any goods which are of hazardous, combustible or dangerous nature or are so heavy as to damage the construction or structure of the building in which the Unit / Apartment is situated or storing of which goods is objected to by the concerned local or other authority and shall take care while carrying heavy packages which may damage or likely to damage the staircases, common passages or any other structure of the building in which the Unit / Apartment is situated, including entrances of the building in which the Unit / Apartment is situated and in case any damage is caused to the building in which the unit / Apartment is situated or the Unit / Apartment on account of negligence or default of the Allottee / Purchaser/s in this behalf, the Allottee / Purchaser/s shall be liable for the consequences of the breach. iii. To carry out at his own cost all internal repairs to the said unit / Apartment and maintain the Unit / Apartment in the same condition, state and order in which it was delivered by the DEVELOPER / BUILDER to the Allottee / Purchaser/s and shall not do or suffer to be done anything in or to the building in which the Unit / Apartment is situated or the unit / Apartment which may be contrary to the rules and regulations and bye-laws of the concerned local authority or other public authority. In the event of the Allottee / Purchaser/s committing any act in contravention of the above provision, the Allottee / Purchaser/s shall be responsible and liable for the consequences thereof to the concerned local authority and/or other public authority. iv. Not to demolish or cause to be demolished the Unit / Apartment or any part thereof, nor at any time make or cause to be made any addition or alteration of whatever nature in or to the unit / Apartment or any part thereof, nor any alteration in the elevation and outside colour scheme of the building in which the Unit / Apartment is situated and shall keep the portion, sewers, drains and pipes in the Unit / Apartment and the appurtenances thereto in good tenantable repair and condition, and in particular, so as to support shelter and protect the other parts of the building in which the Unit / Apartment is situated and shall not chisel or in any other manner cause damage to columns, beams, walls, slabs or RCC, Pardis or other structural members in the Unit / Apartment without the prior written permission of the DEVELOPER / BUILDER. v. Not to do or permit to be done any act or thing which may render void or voidable any insurance of the said Property and the building in which the Unit / Apartment is situated or any part Page 26 of 42 thereof or whereby any increased premium shall become payable in respect of the insurance. vi. Not to throw dirt, rubbish, rags, garbage or other refuse or permit the same to be thrown from the said Unit / Apartment in the compound or any portion of the said Property/Project Land and the building in which the Unit / Apartment is situated. vii. Pay to the DEVELOPER / BUILDER within fifteen days of demand by the DEVELOPER / BUILDER, his share of security deposit demanded by the concerned local authority or Government or giving water, electricity or any other service connection to the building in which the Unit / Apartment is situated. viii. To bear and pay increase in local taxes, water charges, insurance and such other levies, if any, which are imposed by the concerned local authority and/or Government and/or other public authority, on account of change of user of the Unit / Apartment by the Allottee / Purchaser/s for any purposes other than for purpose for which it is sold. ix. The Allottee / Purchaser/s shall not let, sub-let, transfer, assign or part with interest or benefit factor of this Agreement or part with the possession of the unit / Apartment until all the dues payable by the Allottee / Purchaser/s to the DEVELOPER/BUILDER under this Agreement are fully paid up. x. The Allottee / Purchaser/s shall observe and perform all the rules and regulations may adopt and the additions, alterations or amendments thereof that may be made from time to time for protection and maintenance of the said building and the Unit / Apartment therein and for the observance and performance of the Building Rules, Regulations and Bye-laws for the time being of the concerned local authority and of Government and other public bodies and also adhere the bylaws mentioned in Deed of Declaration U/Sec. 2 Form-A The Maharashtra Apartment Ownership Act 1970. The Allottee/Purchaser/s shall also observe and perform all the stipulations and conditions laid down by the DEVELOPER / BUILDER regarding the occupancy and use of the unit / Apartment in the Building and shall pay and contribute regularly and punctually towards the taxes, expenses or other out- goings in accordance with the terms of this Agreement. xi. The Allottee / Purchaser/s shall not be entitled to claim possession of the said unit / Apartment until the Occupation / Completion Certificate is received from the local authority and the Allottee/Purchasers has paid all dues payable under this Agreement in respect of the said unit / Apartment to the DEVELOPER / BUILDER and has paid the necessary maintenance Page 27 of 42 amount/deposits, GST and other applicable Cess and other taxes payable under this Agreement. xii. That the Allottee / Purchaser/s shall indemnify and keep indemnifying the DEVELOPER / BUILDER against any actions, proceedings, cost, claims and demands in respect of any breach, non-observance or non-performance of such obligations given specifically herein to the Allottee / Purchaser/s. xiii. That any nominated surveyor / architect appointed for specific purposes stated in this covenant the fees of which shall mutually decide by and between the DEVELOPER / BUILDER and the Allottee / Purchaser/s and the same shall be paid by the Allottee / Purchaser/s as agreed mutually. xiv. That nothing herein contained shall construe as entitling the Allottee / Purchaser/s any right on any of the adjoining, neighbouring or the remaining buildings /common areas etc. of the remaining portion of the proposed project layout unless specifically agreed and consideration dispensed by the Allottee / Purchaser/s to the DEVELOPER / BUILDER in this regard. xv. That, from the date of possession of unit / Apartment, the Allottee / unit / Apartment Purchaser will be bound to pay all the taxes of Aurangabad Municipal Corporation, Aurangabad as well as local authority and other taxes attributable to the Unit / Apartment purchased by him, whether assessed separately or not. Similarly, from the date of sale deed or possession whichever is earlier, the Allottee / Unit / Apartment Purchaser is liable to pay common maintenance charges without any demur, either he may use or not use the said Unit / Apartment personally or through anybody claiming through him. xvi. That the Allottee / unit / Apartment Purchaser will also be liable to pay all the expenses required for the execution and registration of the conveyance deed in his / her / their favour. That the purchaser of Unit / Apartment is also liable to pay Rs. ________/- towards one time corpus fund for common maintenance deposit, this amount collected and deposit in separate account and DEVELOPER / BUILDER have no concern with the same and in addition to this, the Purchaser is liable to pay monthly contribution of Rs.2,500/- without any demur. The DEVELOPER / BUILDER will do common maintenance of the project only for 06 months from the date of first possession handover to any of the purchaser in the project and after 06 Months, all the Allottee / unit / Apartment Purchaser’s shall do the work of maintenance work on their own, even they use or not use the said unit and Owner/Vendor will not be responsible in any manner. Page 28 of 42 22. The Allottee/Purchaser/s has inspected the sanctioned plans of the said Building of the said Project and the conditions stipulated therein by the Planning Authority and the Allottee/Purchaser/s shall not raise any complaint / objections of whatsoever nature and shall abide by the same all time, and after having covenanted to that effect in favour of the DEVELOPER / BUILDER, the Allottee/Purchaser/s has agreed to purchase the said Unit / Apartment from the DEVELOPER / BUILDER. 23. The DEVELOPER / BUILDER provided water through ____ inch water connection and one bore well and at present sufficient water available, in case in future any shortage of water in that situation all the allottees shall make arrangement at their own cost. The DEVELOPER / BUILDER shall not be in any way responsible for non-supply or inadequate supply of water to the Project. 24. The Allottee / Purchaser/s shall not use or permit to be used the said Unit / Apartment or any part thereof for any purpose other than purpose as allowed by Planning Authority at the time of sanctioning the plan of the proposed building/s or at any time thereafter. 25. The Allottee / Purchaser/s shall not let, sublet, transfer, assign or part with the possession of the said Unit / Apartment or any part thereof nor shall the Allottee/Purchaser/s create any lease, lien, mortgage, charge and/or any other encumbrances and/or third party interest in and/or any respect of the said Unit / Apartment or any part thereof and/or in respect of any of the rights hereunder conferred upon the Allottee/Purchaser/s in any manner whatsoever until entire consideration and all dues, taxes and GST etc. payable by the Allottee/Purchaser/s under this agreement are paid in full and only if the Allottee/Purchaser/s has/have not committed any breach of any of the term and condition of this agreement and without obtaining previous permission in writing of the DEVELOPER/BUILDER to whom said Property/Project Land and the said Building thereon may have been leased, assigned or transferred in the manner inter alia hereby envisaged. 26. DEVELOPER / BUILDER SHALL NOT MORTGAGE OR CREATE A CHARGE : After the DEVELOPER / BUILDER executes this Agreement he shall not mortgage or create a charge on the said unit / Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right Page 29 of 42 and interest of the Allottee / Purchaser/s who has/have taken or agreed to take such Unit / Apartment. 27. If the Allottee / Purchaser/s is purchasing the said Unit / Apartment from the DEVELOPER / BUILDER for investment purpose, then the Allottee / Purchaser/s shall be entitled to sell the said Unit / Apartment even during the construction stage to any person of own choice. The DEVELOPER / BUILDER shall issue in his favour necessary No Objection Certificate to that effect and also shall co-operate the Allottee/Purchaser/s in that regard, provided i) the Allottee/Purchaser/s pays entire consideration amount to the DEVELOPER/BUILDER before so selling the said Unit / Apartment, and ii) the subsequent Allottee/Purchaser of the said Unit / Apartment absolutely consents to abide by all terms and condition of this Agreement and also Deed of Declartion executed by DEVELOPER/BUILDER for all purposes and unconditionally agrees to stand in the shoes of the Allottee/Purchaser/s. If the Allottee/Purchaser/s transfers / assigns the said Unit / Apartment in favour of the subsequent Allottee/Purchaser within stipulated period laid down by relevant law/s time being in force the Allottee/Purchaser/s / subsequent Allottee/Purchaser will be entitled to applicable discount, if any, by way of adjustment in the stamp duty payable on the transaction, subject to prevailing provisions of the Maharashtra Stamp Act, 1958. 28. The Allottee/Purchaser/s prior to the execution hereof has/have perused (a) all the documents under which the DEVELOPER/BUILDER acquired the ownership rights in respective portions of the said Property, (b) all documents under which the DEVELOPER/BUILDER acquired title and ownership rights over the said Property and to sell the Unit / Apartment constructed by the DEVELOPER/BUILDER in the course of such development of the said Property and (c) all the orders, permissions and/or sanctions granted by the diverse authorities for such development of the said Property and are satisfied with the legality and adequacy of the same. 29. Separate Account For Sums Received: - The Builder/Developer shall maintain a separate account in respect of sums received by the Builder/Developer from the Allottee as advance or deposit, sums received on account of the share capital for the formation of the Co-operative Society or association or Company or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. Page 30 of 42 30. The Allottee/Purchaser shall use the unit / Apartment or any part thereof or permit the same to be used only for purpose of residence only. He / she / they shall use the parking space only for purpose of keeping or parking vehicle only. 31. The Allottee / Purchaser along with other Allottee/Purchaser(s)s of unit / Apartment shall join in forming and registering the Association or Society to or some such name as the DEVELOPER / BUILDER may decide and for this purpose also from time to time sign and execute the application for registration and / or membership and the other papers and documents necessary for the formation and registration of the Society and for becoming a member, including the bye-laws of the proposed Society and duly fill in, sign and return to the DEVELOPER / BUILDER within seven days of the same being forwarded by the DEVELOPER / BUILDER to the Allottee / Purchaser, so as to enable the DEVELOPER / BUILDER to register the common organisation of Allottee/Purchaser. No objection shall be taken by the Allottee / Purchaser if any changes or modifications are made in the draft bye-laws, or the Memorandum and/or Articles of Association or Deed of Declaration as may be required by the Registrar of Co- operative Societies or the Registrar of Companies, as the case may be, or any other Competent Authority. 32. Under no circumstances, the Allottee / Purchaser or the organization of the Allottee / Purchasers shall be entitled to such conveyance, unless all or any money payable in the agreement or as may be otherwise agreed, by the Allottee / Purchaser including in their share of contribution in maintenance charges either to the DEVELOPER / BUILDER or to any other agencies or authorities, is actually paid by such Purchaser / organization of purchasers, All expenses relating to such conveyance such as stamp duty, registration fees and other incidentals shall be borne and paid exclusively by the Allottee / Purchaser only. 33. The Conveyance of Title as envisaged under the Real Estate (Regulation and Development) Act, 2016 and rules there under in respect of the said Unit / Apartment shall be as under :- a. The said Project shall be known and called as “ARYA CHAYA ARCADE”. b. This Agreement shall always be subject to the provisions of the Real Estate (Regulation and Development) Act, 2016 and The Maharashtra Apartment Ownership Act 1970 and rules there under. Page 31 of 42 c. That promoter after completion of the said Project as per provisions of the Maharashtra Apartment Ownership Act 1970, the promoter will form and register Association or Co- operative society. The Allottee / Purchaser/s shall observe rules and regulations of the Society. d. The common amenities/facilities, common areas and rights of ways et cetera as enlisted in Annexure-H shall be enjoyed by all the Allottee / Purchasers of said Project jointly, unless the DEVELOPER / BUILDER has provided otherwise. After completion of the said Project the common areas and amenities/ facilities as enlisted in the Annexure-I shall be handed over by the DEVELOPER / BUILDER Allottee / Purchaser and they shall maintain the same. The cost of stamp duty and registration fees and other incidental costs in this regard shall be borne by the respective Unit / Apartment Allottee / Purchasers. e. Under no circumstances, the Allottee / Purchaser/s shall be entitled to such conveyance, unless entire amount of total consideration or any other amounts of money payable under this Agreement or as may be otherwise agreed, by the Allottee / Purchaser/s either to the DEVELOPER / BUILDER or to any other agencies or authorities are actually paid by the Allottee / Purchaser/s. f. The DEVELOPER / BUILDER shall give membership of the Allottee / Purchaser/s only on receiving entire consideration and/or other dues and deposits from him. Further the Allottee / Purchaser/s shall sign necessary forms, papers and documents as per the direction of the DEVELOPER / BUILDER as and when required by the DEVELOPER / BUILDER. 34. DEPOSITS BY PURCHASER/S WITH THE DEVELOPER / BUILDER: - The Allottee / Purchaser/s shall on or before delivery of possession of the said Apartment keep deposited and paid with the DEVELOPER / BUILDER, the following amounts:- (i) Rs. _________/- for share money, application entrance fee of the Society or condominium or Limited Company/Federation/ Apex body. (ii) Rs. _________/- for formation and registration of the Society or condominium or Limited Company / Federation / Apex body. Page 32 of 42 (iii) Rs.________/- for proportionate share of taxes and other charges / levies in respect of the Society or condominium or Limited Company / Federation / Apex body. (iv) Rs. _________/- for deposits of electrical receiving, electrical connection, cabling and sub-station to be provided in said project. (v) The Allottee / Purchaser/s shall pay to the DEVELOPER / BUILDER a sum of Rs. ___________________ for meeting all legal costs, charges and expenses, including professional costs of the Attorney-at-Law / Advocates of the DEVELOPER / BUILDER in connection with formation of the said Society, or Limited Company, or Apex Body or Federation and for preparing its rules, regulations and bye-laws and the cost of preparing and engrossing the conveyance or assignment of lease. (vi) Rs. ______/- (Rupees ______ only) for _______ (calculated @ the Adhoc basis) of the said Apartment, on account of corpus amount towards common maintenance charges payable within 15 days from the date of letter of offering possession of the said Unit / Apartment to meet the common expenses i.e. common taxes, fees, electricity charges, all AMCs, sanitary and other utility services, garden and other services and amenities of the said Property / Project Land and in the building/s standing thereon and the said Property /Project Land including remuneration, salaries and wages of watchmen, supervisors, sweepers, gardeners and other persons that may be employed for the aforesaid purposes or any of them and in respect thereof and the Allottee/Purchaser/s shall not withhold any payment of the amount demanded by the DEVELOPER / BUILDER under this clause on any ground whatsoever. The Allottee / Purchaser/s hereby admits that aforesaid amount of maintenance is only indicative amount and actual amount that may be demanded by the DEVELOPER / BUILDER may differ. In case actual expense exceeds the estimate the DEVELOPER / BUILDER shall be entitled to demand additional amount towards such short fall. The Allottee / Purchaser/s admit/s and confirm/s that he / she / they will be punctual for paying contribution of maintenance charge amount to DEVELOPER / BUILDER or. The Allottee / Purchaser/s shall not be entitled to any interest on sums so paid. 35. It is explicitly and irrevocably agreed, by the Allottee / Purchaser/s that this purchase by the Allottee / Purchaser/s is as joint Tenants and not Tenants in common. Hence, in the event of death of any of the Allottee / Purchaser/s on receipt of intimation thereof with required evidencing documents, by the Joint Allottee/Purchaser, the name of such deceased Allottee / Purchaser/s shall be deleted and the ownership shall completely Page 33 of 42 vest exclusively with Joint Allottee / Purchaser/s and to exclusion of any other heirs of such deceased Allottee / Purchaser/s. However, it is explicitly made clear that if any claimant other than the executants in this Agreement claims, rights, title and interest in the said Unit / Apartment then it is the sole responsibility of the remaining Co-Allottee/Purchasers to settle dispute/disagreement in respect of this covenant and same has to be settled at the cost of the remaining Co-Allottee / Purchasers. The DEVELOPER / BUILDER is not responsible in any manner whatsoever for cost & consequence. 36. Any delay tolerated, indulgence shown by the DEVELOPER / BUILDER in enforcing the terms of this Agreement or for any forbearance or giving of time to the Allottee / Purchaser/s by the DEVELOPER / BUILDER shall not be considered or construed as a waiver on the part of the DEVELOPER / BUILDER of any breach or non-compliance of any of the terms and conditions of this Agreement by the Allottee / Purchaser/s nor shall the same in any manner prejudice the rights of the DEVELOPER / BUILDER. 37. Nothing contained in this Agreement is intended to be nor shall be construed as a grant, demise or assignment in law, of the said Unit / Apartment or of the said Property and Building/s or any part thereof. The Allottee / Purchaser/s shall have no separate and independent claim save and except in respect of the unit / Apartment hereby agreed to be sold to him / her / them and all open spaces, parking spaces, lobbies, staircases, terraces, recreation spaces, will remain the property of the Association of Persons as contemplated under The Apartment Ownership Act 1970 (MAOA. 1970) and DEVELOPER / BUILDER. It is further clarified that, the DEVELOPER / BUILDER already submitted this project “ARYA CHAYA ARCADE” to the provisions of The Apartment Ownership Act 1970 (MAOA. 1970) by executing Deed of Declaration U/s. 2 Form “A” of said Act, as per provisions of 10 (2) Maharashtra Ownership Apartments (Regulation of the promotion of. 3. construction, sale, management and transfer) Act, 1963, if any property consisting of building or buildings is constructed or to be constructed [and the promoter submits such property to the provisions of the Maharashtra Apartment Ownership Act, 1970, by executing and registering a Declaration as provided by that Act] then the promoter shall inform the Registrar as defined in the Maharashtra Co-operative Societies Act, 1960, accordingly; and in such cases, it shall not be lawful to form any co- operative society or company. In view of this legal position the Developer/Builder is not bound to execute conveyance in favour of proposed Association or society or apex body as well as to form a society. Page 34 of 42 38. The Allottee / Purchaser/s shall not any time demand partition of his / her / their interest in the said unit / Apartment and/or in the said Property/ Building prior to the conveyance as envisaged herein and it is hereby agreed and declared that the interests of the Allottee / Purchaser/s in the said unit / Apartment and/or in the said Property / Building are impartible and it is agreed that the DEVELOPER / BUILDER shall not be liable to execute and/or cause to be executed any conveyance or any other document in respect of the said Unit / Apartment in favour of the Allottee/Purchaser/s except as is herein expressly provided. 39. All direct and indirect taxes as imposed/ to be imposed by the government, semi-government, local authorities, any statutory body, et cetera in respect of the said Property / Building and/ or the said Unit / Apartment and/ or this Agreement and/ or this transaction shall be borne and paid exclusively by the Allottee / Purchaser/s. The Allottee / Purchaser/s hereby undertake to indemnify and keep the DEVELOPER / BUILDER indemnified all the time and keep the DEVELOPER / BUILDER harmless from all losses that may be suffered by the DEVELOPER / BUILDER on account of non-payment and/ or delayed payment inter alia of maintenance charges, contributions, taxes, levies, outgoings et cetera and other defaults, or any breach of terms and conditions of this Agreement on part of the Allottee/Purchaser/s. 40. By reasons of any judgment of court of law or amendment to the constitution or enactment or amendment of any other Central or State Laws at present in force or under law(s) that may come in force in future, if the transaction under this Agreement is held liable now or any time in future, to taxes such as GST et cetera under concerned Acts/ Rules/ Legislations et cetera, as a sale or otherwise, either wholly or in part any inputs or material or equipments used or supplied in execution or in connection with this transaction, such taxes shall be exclusively payable by the Allottee / Purchaser/s on demand at any time without rendering the DEVELOPER / BUILDER liable in this behalf in any manner whatsoever. In such an event the DEVELOPER / BUILDER shall have the right to recover/collect, such tax (es), duties by the Allottee / Purchaser/s. 41. The Allottee / Purchaser/s hereby agrees that till the management of the said Building of the said Project is handed over to all the Allottee / Purchasers participating in the said Project, the DEVELOPER / BUILDER shall be entitled to look after day to day maintenance of the said Project/Building to be constructed on the said Property up to 06 Months from handing over 1st possession of any unit. Page 35 of 42 42. The Allottee / Purchaser/s have willingly participated in the said Project of the DEVELOPER / BUILDER and Allottee / Purchaser/s shall pay to the DEVELOPER / BUILDER the agreed total consideration and other deposits or outgoings punctually and diligently. The Allottee/Purchaser/s hereby indemnifies the DEVELOPER / BUILDER from all losses that may be incurred by the DEVELOPER/BUILDER on account of such non/delayed payment and Allottee / Purchaser/s hereby indemnify to keep the DEVELOPER / BUILDER harmless and free from such losses. 43. The DEVELOPER / BUILDER shall not be responsible for the consequences arising out of change in law or change in Municipal and other law, rules, regulations etc. 44. NOTICES :- i) All notices to be served on the Allottee/Purchaser/s in connection with this Agreement shall be deemed to have been duly served on the Allottee/Purchaser/s if sent to any one of the Allottee / Purchaser/s by Registered Post/ Speed Post / E-mail at following address: Name & Address of Allottee /Purchaser/s:- Mr. & Mrs. Address___________________ Notified Email ID: ________________________ ii) All notices to be served on the DEVELOPER/BUILDER in connection with this Agreement shall be deemed to have been duly served on the DEVELOPER/BUILDER if sent by Registered Post/ Speed Post at their following address : Name & Address of DEVELOPER/BUILDER:- Mr. Rahul S/o Basvant Nandgavali Prop. Aditya Builders R/o:-Plot No. 1-A, New Shantiniketan Colony, Jawahar Colony, Aurangabad. 45. It shall be the duty of the Allottee / Purchaser/s and the DEVELOPER / BUILDER to inform each other of any change in address subsequent to the execution of this Agreement in the above address by Registered Post failing which all communications and letters posted at the above address shall be deemed to have been received by the DEVELOPER / BUILDER or the Allottee / Purchaser, as the case may be. Further, that in case there are Joint Allottee / Purchasers all communications shall be sent by the DEVELOPER / BUILDER to the Allottee / Purchaser/s whose name appears first and at the address given by him / her / them which Page 36 of 42 shall for all intents and purposes to consider as properly served on all the Allottee / Purchasers. 46. The Allottee / Purchaser/s shall pay adequate stamp duty, registration charges and present this Agreement as well as Sale Deed at proper registration office within the time limit prescribed by the Registration Act and the Allottee / Purchaser/s and the DEVELOPER / BUILDER shall attend such office and admit execution thereof. 47. In case the Allottee / Purchaser/s mortgages the said Unit / Apartment to any financial institution it shall be the sole responsibility of the Allottee / Purchaser/s herein to handover the original Agreement or any final document of the said Unit / Apartment as and when executed and registered to the financial institution. The Allottee/Purchaser/s agree to do so without holding the DEVELOPER / BUILDER responsible for the same and not to deal with the said Unit / Apartment without prior permission and consent of the financial institution during pendency of the charge. 48. Entire Agreement and Right to Amend :-This Agreement, along with its schedules and annexures, constitutes the entire Agreement between the Parties with respect to the subject matter hereof and supersedes any and all understandings, any other agreements, allotment letter, correspondences, arrangements whether written or oral, if any, between the Parties in regard to the said Unit / Apartment. This Agreement may only be amended through written consent of the Parties. 49. Provisions Of This Agreement Applicable On Allottee/Subsequent Allottees:- It is clearly understood and so agreed by and between the Parties hereto that all the provisions contained herein and the obligations arising hereunder in respect of the said Project shall equally be applicable to and enforceable against any subsequent Allottee/Purchaser/s of the said Unit / Apartment, in case of a transfer, as the said obligations go along with the said Unit / Apartment for all intents and purposes. Further, the Allottee/Purchaser/s agree that they shall not object to any easement rights that need to be given to any person in and around the said Project and shall neither object to any such proceedings of land acquisition undertaken by the a government agency including any compensation/benefit given to the DEVELOPER / BUILDER in turn for which no conveyance has occurred to the ultimate body of Unit / Apartment Allottee / Purchasers expressly stated in this Agreement and for which no consideration is specially dispensed by the Allottee/Purchaser/s to the DEVELOPER / BUILDER for the same; save and except his right to enjoy and use the Unit / Apartment purchased by him and any Page 37 of 42 other rights given by the DEVELOPER / BUILDER to the Allottee / Purchaser/s for which consideration has been dispensed. 50. SEVERABILITY :- If any provision of this Agreement shall be determined to be void or unenforceable under the Act or the Rules and Regulations made there under or under other applicable laws, such provisions of the Agreement shall be deemed amended or deleted in so far as reasonably inconsistent with the purpose of this Agreement and to the extent necessary to conform to Act or the Rules and Regulations made there under or the applicable law, as the case may be, and the remaining provisions of this Agreement shall remain valid and enforceable as applicable at the time of execution of this Agreement. 51. Wherever in this Agreement it is stipulated that the Allottee / Purchaser/s has to make any payment, in common with other Allottee / Purchasers in said Project, the same shall be in proportion to the carpet area of the said Unit / Apartment to the total carpet area of all the Unit / Apartment of the said Project, such area is called as Sharing area. 52. Both Parties agree that they shall execute, acknowledge and deliver to the other such instruments and take such other actions, in additions to the instruments and actions specifically provided for herein, as may be reasonably required in order to effectuate the provisions of this Agreement or of any transaction contemplated herein or to confirm or perfect any right to be created or transferred hereunder or pursuant to any such transaction. 53. Any dispute between parties shall be settled amicably. In case of failure to settle the dispute amicably, which shall be referred to the Real Estate Regulatory Authority as per the provisions of the Real Estate (Regulation and Development) Act, 2016, Rules and Regulations, there under. 54. That the rights and obligations of the parties under or arising out of this Agreement shall be construed and enforced in accordance with the laws of India for the time being in force and the “Aurangabad Courts” will have the jurisdiction for this Agreement. 55. The DEVELOPER/BUILDER has handed over Search Report and Title Opinion to the Allottee/Purchaser/s separately as per provisions of the said Act and the contents of the said Search Report forms part and parcel of this Agreement. 56. The cost of Stamp Duty, Registration fees and other incidental and ancillary cost in respect of this Agreement have been as agreed, exclusively borne and paid by the Allottee/Purchaser/s. Page 38 of 42 SCHEDULE “A” PROPERTY UNDER DEVELOPMENT AGREEMENT The plot of non-agricultural land bearing No. 24, adm. 487.00 Sq. Mtrs. forming part of C.T.S. No. 15737/139, Sheet No. 177, situated at Ulkanagari, Garkheda, Taluka and District Aurangabad within the area of Aurangabad Municipal Corporation and is collectively bounded as under: EAST :- Plot No. 23 WEST :- Plot No. 25 SOUTH :- Road NORTH :- Plot No. 274 corresponding CTS No. 15736/131 SCHEDULE – “B” All that part and parcel of ________ Unit / Apartment bearing No. ________, admeasuring ___________ Sq.Mtrs. Carpet area (including box) on ________ Floor, along with enclosed balcony area admeasuring ___________ Sq.Mtrs., open balcony area admeasuring _______ Sq.Mtrs. and Terrace area admeasuring ________ Sq.Mtrs. in “ARYA CHAYA ARCADE” (Undivided sharing in proportionate) constructed on above property, bounded by: TOWARD EAST :- TOWARD WEST :- TOWARD SOUTH :- TOWARD NORTH :- IN WITNESS WHEREOF, THE PARTIES HERETO HAVE EXECUTED THIS AGREEMENT ON THE DATE AND AT THE PLACE HEREIN BEFORE FIRST MENTIONED HERE IN UNDER AT AURANGABAD. 01. Mrs. Chhaya S/o Parashram Shelokar 02. Mrs. Kanchan W/o Vilas Bhagat (Kanchan D/o Parashram Shelokar) 03. Miss Mansi D/o Parashram Shelokar 04. Mr. Duryodhan Mahadeo Panchbudhe OWNERS / VENDORS / PARTY OF FIRST PART. Page 39 of 42 Mr. Rahul S/o Basvant Nandgavali Prop. Aditya Builders DEVELOPER/BUILDER / PARTY OF SECOND PART 1) 2) ALLOTTEE/PURCHASER/S / PARTY OF THIRD PART WITNESSES:- 1. Mr. Age:- occ.:- R/o:- 2. Mr. Age:- occ.:- R/o:- LIST OF ANNEXURE`S ANNEXURE – A Copy of detailed Title Cum Search report issued by Advocate Adv. ________ in respect of property i.e. Plot C.T.S. No. 15737/139, Sheet No. 177, situated at Ulkanagari, Garkheda, Taluka and District Aurangabad is owned by present Owners / Party of First Part. ANNEXURE –B Copy of P. R. Card extract of C.T.S. No. 15737/139. ANNEXURE –C Copy of Sanctioned Plan obtained from Aurangabad Municipal Corporation, Aurangabad. ANNEXURE – C-1 Copy of Index-II of registered Deed of Declaration U/Sec. 2 Form – “A” of Apartment ownership Act 1970. Page 40 of 42 ANNEXURE -D Copy of Part Plan/Floor Plan in respect of Unit / Apartment agreed to purchase under this agreement of sale. ANNEXURE –E List of Specification of construction of Unit / Apartment Building. The specification of the material to be used and other things shall be:- _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ ANNEXURE -F Copy of the Registration Certificate issued in respect of Unit / Apartment granted by The Real Estate Regulatory Authority. ANNEXURE –G List of items that would be covered as maintenance of project, which is not covered under defect liability. ANNEXURE-H List of Common Amenities to be given in said project. 1] Compound wall. 2] Lights within the area of said building. 3] Common electrical meters for the light to be supplied on the parking, street and common area within the area of said building. Page 41 of 42 RESTRICTED COMMON AMENITIES 1] Electric motor installed in Apartment for common use. 2] Underground tank and electric motor installed overhead tank. 3] Common terrace. 4] Area around the building. 5] RCC structure of the building. 6] Staircase and Lobby of the building. 7] Plumbing network throughout the building. 8] Electric wiring network throughout the building. 9] Common electric meter through which the electricity is supplied to the electric motor installed on underground water tank Bore well and also of the lights fixed in common area and facilities. 10] Lift. RECEIPT/ACKNOWLEGEMENT Received of and from the Allottee/Purchaser Mr._________________ the sum of Rs.__________/- on booking as well on execution of this agreement towards earnest money deposit or application fees. I / We received all documents. I Received amount. Mr. Allottee/Purchaser. Mr. Rahul S/o Basvant Nandgavali Prop. Aditya Builders DEVELOPER/BUILDER. WITNESSES :- 1. Mr. Age:- occ.:- R/o:- 2. Mr. Age:- occ.:- R/o:- Page 42 of 42