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                            DEVELOPMENT AGREEMENT
     This Development Agreement is executed on -- day of August
     2020 at Aurangabad

     BETWEEN

     CHANDAK NAGARGOJE SUPERSPECIALIW HOSPITAL
                                                                                                  k
                                                                                                   rr'
     A Registered Company under the provisions of the
     Companies Act
                                                                                                  ftt
     CIN : U85300M12019PTC32012                                                                   *r!l-
     (PAN NO. AAHCC9874F)
     Having its Registered office at,
     Beed Bypass Aurangabad                                                 t2 L) 3            l9
     Through its authorized Directors
                                                                                          C, QO

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                                                   2


                  1l RAMDAS S/o. DAGDURAo NAGARGOJE
                  (PAN NO. AGLPN8341C)
                  AADHAR No. :4925 7957 5537
                  Age 40 Years, Occu.: Doctor,
                  R/o Row House No. F-42, Gut No. 1, Venus Society,
                  Beed bypass Aurangabad

                  2] VISHAL S/O HARIPASAD CHANDAK
                  (PAN No. ASZPC8476B)
                  AADHAR No. : 4953 7733 7837
                  Age : 35 Years, Occu. : Doctor,
                  R/o Sai Residency, 18 Manjeet Nagar,
                  Akashwani, Aurangabad.

                  3] MANISHA WO RAMDAS NAGARGOJE
                (Pan no. BlBPS7746G)
                AADHAR No. : 3224 6030 1G70
                Age : 39 Years, Occu. : DoctDr,
                R/o Row House No. F-42,Gut No. 1, Venus Society,
                Beed bypass, Aurangabad.

                4] SHRADDHA WO VISHAL CHANDAK
                (PAN No.) ANGPB0685H
                AADHAR No: : 4945 6046 7530
              Age : 35 years, Occu. : Doctor,                                     COII
              Vo Sai Residency, 18, Manjeet Nagar,                                         {
              Akashwani, Aurangabad.
                                                                              f
              (Hereinafter rbceived to as'Owners', which expression shal *
              mean af,.include his successors, legal representatives and
              assrqnee$tn interest)                                               ?
                 , {*,:                            .Party on the First Part
              AND

                           M/s: Mahalaxmi Builders
                           (PAN No. ABDFM3301J)
                           A Registered Partnership Firm
                           Having its office at
                           Flat No. 1, Kalpataru Apartment,
                           Plot No. 51 & 52, Adityanagar,
                           Garkheda, Aurangabad.

        9u                   rough its Partners                                       *'
                   c     Mrs. Charulata Moreshwar Kulkarni
                         Age: 59 yrs., Occu: Business
(c,                    4 R/o Ramanand Colony Aurangabad
$$
      :l .rrilC              Mr. Swapnil Moreshwar Kulkarni
          r'{          t     Agf,l 34 yrs.,, Occu: Business
                             R/d Ramanand Colony Aurangabad

                       3. Mr. Dhananjay Babasaheb Doiphode
                        ''l,Aqe: 30 yrs., Occu: Business
      r:.r 1-          J hfo Singaon (Jahangir)Deolgaonraja
                                               {




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                                                           3


                                  Dist. Buldhana

                               4, Mrs, Shipla Surendra Ratnaparkhi
                                  Age: 31 yrs., Occu: Business
                                  R/o Plot No. 35, Dnyaneshwa rnaga r,
                                  Satara parisar, Aurangabad
                         (Hereinafter received to as 'The Developer/Bu ilder, which
                         expression shall mean and include his successors, legal
                         representatives and assignees in lnterest)

                                                               ....... Partv on the Second Pa rt

                         Chandak Nagargoje Superspeciality Hospital Pvt. Ltd; is the
                         owner and possessor of Plot No. 17 area admg. 270.00
                         Sq,Mtr. and Plot No. 18 area admg. 260.00 Sq.Mtr. (total
                         area admg. 530.00 sq.mtr.) part of forming part of Sy. No.
                         3 and 4 and now Gut No. 3 Mustafabad, Aurangabad. Tq.
                         And Dist. Aurangabad vide Registered Sale Deed bearing
                         No. 1462 dated 22.03.2019.
                         Chandak Nagargoje Superspeciality Hospital Pvt. Ltd; vide
                         Registered Deed of Transfer of Development Right bearing
                         No. 1820 dated 12.03.2020 has already purchased TDR to
                         the extent of 58,61 sq. meters from its previous owners Mr.
                         Raju Pircha nd Warghat.

     +                   That, the party on the first part i.e. owner has decided to
                         develop the said property through developer and as such
     t                   the approached to the party on the second part i.e.
                         developer for the development of the above said property.
     +                   The developer decided to develop the said property. It is
                         further agreed between the owners and developer as stated
                         in this agreement.

                         4. The Owner has agreed to authorize the
                         Developer/Builder to develop the said land described in the
                         Schedule hereunder written, by constructing buildings
                         (consisting of flats) thereon on Flat Ownership basis, on the
                         following terms and conditions agreed to between the
                         parties hereto :
                          NOW IT IS HEREBY AGREED BY AND BETWEEN THE
                          PARTIES HERETO AS FOLLOWS :
                            1. With a view to develop the said land described in the
                            Schedule hereunder written (hereinafter referred to as "the
                            said property") as may be permitted by all concerned
                         o authorities, the Owner hereby agrees to entrust and hand
     I                      over to the Developer the property referred under the
    ,v               ga. v) schedule, with work and right of Development of the said
         .lt{llE -
                            property described in the Schedule hereunder & on the
                            terms hereinafter contained,
                          2.   The Developer hereby agrees to develop arid or cause
                          to be developed the said property on the
                          herein and as permitted by the concern
                          constructing flatted building thereon on

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                                                    4

              The Owner agrees that he will obtain the construction
              permission & other whatever permissions required to
              develop the property in his name & at his own costs and on
              his own responsibility.
              3. In Consideration of the Owners having agreed to entrust
              to the Developer the development of the said property
              described in the Schedule hereunder written and to confer
              upon the Developer the rights, powers, privileges and
              benefits as mentioned herein, The Developer agrees to be
              allot/entrust 6 flats to be constructed on the above said
              land to the owners against the development of the said
              land. AND the Developer has right on the rest of the 10
              flats.
                         In addition to the terms & conditions stated as above
              it is further agreed in between the parties that, the
              Developer shall pay money consideration amount of Rs.
              5,00,000/- (Rupees Five Lacs onty ) to the owner & the
              developer has already paid the said consideration amount to
              the owners as per the following cheques, detailed as below
              & the owners hereby acknowledge the receipt of said
              amount.

              Sr.        Date              Amount        tn   Cheque         Name of
              No.                          Rupees             Number         the Bank
              1          19.08.2020        5,00,000/-         025546         Saraswat
                                                                             Co-op.
                                                                             Bank Ltd.



                         The receipt of the above payments is acknowle I
              by the owner.

              4,    This Agreement will not be treated as a partne
              betwe en the Owners and the developer or an A greement for
              Sale of the said Land by the Owners to the Dev eloper.
              It is further agreed in between the parties of this
              development Agreement that, after completion of
              construction work as per the approved map of construction,
              it is agreed in between the parties that the developer will
              obtain completion certificate at his own cost & it is his sole
              responsibility; but due to some reasons/issues with respect
              to the layout, N.A. or plot raised in future in that event it is
              the sole responsibility of the owner to solve the saLd."1i"5ue-.
              After issuance of the Completion Certificate. bv dI
                                                                               ... .iltt"
              Aurangabad Municipat Corporation of the projdct, tfOii.t.
          Developer shall hand over the possession of the Fldt to thb:.'_""
          owners with respect to their share & the owners shall have,
          absolute ri ght & liberty to Sale their Flats & to.reoeive.,
   SU D.R    pendently the consideration of said sold Flat & no
               nt of the developer shall be needed for execution of
          t     le Deeds by the owners.
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                                          After completion of the construction the developer will
                                    hand over the finished constructed share of the land owner
                                    to them & issue the possession certificate in that regard.
                                    5.     The Owner has assured that he is the full Owner of
                                    the said property and that the property is not subject to any
                                    dispute, litigation, mortgage, charge or any other
                                    encumbrance. In future if any dispute with respect to the
                                    title of the property is arises the owner shall resolve all the
                                    disputes at his own cost & make available to the developer
                                    the clear, good & marketable title of the property referred
                                    under the schedule. If the owner shall fail to resolve the
                                    disputes in reasonable period then he shall pay all the
                                    expenses/losses to the developer.
                                    6. The Developer shall not start any work of
                                    development on the said property unless the concern
                                    authorities sanction the building plans and other competent
                                    authority & Commencement Certificate are issued in favour
                                    of the Developer/Owner,
                                    7. WHEREAS, it is decided between the parties of this
                                    development agreement that the party on the second part
                                    i.e. developer shall construct and complete the entire
                                    project within period of 48 months from the date of
                                    commencement certificate/ construction permission given
                                    by the lYunicipal Corporation, Aurangabad. Both the parties
                                    of the development agreement are agreed and consented
                                    for the same. However, the said period of construction will
                                    be automatically extended in case due to shortage of water,
'L        c                         sand and other Building material for construction purpose &
     3.
    4,
                                    the construction could not be continued due to any other
                                    natural calamities, lock-down, any viral deceases like Covid-
                                    19 etc. or in the case of the construction activity is stopped
+                                   by the Government or Corporation for any reasons and/or in
                                    the case of FSI of the property is increase, or any dispute
                                    like any issues/disputes regarding demarcation of plot, N.A.
                                    Order, Lay-out related any quires/disputes in respect to the
                                    property under development arose.
                                    8.   The development of the said property by construction
                                  of building or buildings thereon shall be at the entire costs,
                                  expenses and rlsk and on the entire account of the
                                  Developer. All buildings to be constructed on the said
                                  property and all dwelling units thereon will be in accordance
                     5U b
                                  with  'the scheme of the Competent Authority/State
                  d.2            .Government   and other relevant Acts and also in accordance
                                    ith the Development Rules and Regulations for the time
          o
                              I' ing in force. The Developer shall be at liberty to make
              g                t. cessary applications for the purpose to the authorities
              t ffi          E
                               c ncerned in the name of the Owners and the Owners shall
                  lrtrlE h in. in such applicatlons but the responsibility of obtalning
                          $ o     such permissions will be on the Owner and at his costs.
                                    9. The Developer shall be at liberty to sell the
                                     constructed area/Flats to any of the prospective purchaser,
                                  r' as tFq Developer may think fit, to the extent of his share in
                                     the-propdsed flatted building to be constructed on the

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    ;rt:.\'.:t'   Ii.-l.:-:i1',                                                               ,,':,,.:i:l}ffiR&ffii
                                6

 property plots referred under the schedule. Further The
 Developer shall receive & retain the total consideration
 amount, out of sale of the flats/units, to the prospective
 purchasers, to the extent of his share.

 10. The Developer shall be entitled to put up and permit
 to be put up advertisement board upon the said property.
 11. It agreed in between the parties that, as per t he
 present area the developer shall obtain the constructi on
 permlssion from the Aurangabad, Municipal Corporation o(
 shall start the construction, as per the sanctioned plan. If in
 future any additional FSI shall be made available on t he
 property referred under the schedule, in that event t
 developer shall pay the required charges for availing t
 said increased FSI & the Developer shall construct t he
 additional FSI at his own cost & sale all the un
 constructed out of the said additional FSI & the owner h
 no any share in the said additional construction,
The constructed units/flats shared by the owners                   !-!
 developer are detailed as below:
          SHARE OF THE LAND OWNER (37.5o/o)

 Sr.    Floor                   Flat No.
 No.
    1
    2
        Second Floor
        Second Floor
        Second Floor
                                05
                                05
                                                                   K
                                                                   '9.6
    3                           07
                                                                   ,ils

                                                                   q
   4    Second Floor            08
    5   Third Floor             09
   6    Third Floor             11


           SHARE OF THE DEVELOPER (52.5olo)

Sr.     Floor                   Flat No.
No.
    1 First Floor               01
   2  First Floor
   3 First Floor
                                o2         ,f-,-,aN
                                03 l^.ctilt riia^"\
   4 First Floor                04 /;f" "rDe C.d\
   5 Third Floor                10 llst w IHI
   6 Third Floor
   'l Fourth Floor
                                12 li;g DN qr//
                                              5
                                13 \\trv. Hsirii
   8 Fourth Floor               74 q.; n gp,5o lol
   9 Fourth Floar               15         \Al,4Z--         rf
   10 Fourth Floor              16


12, The Owners declares that no notice from tbe
government or any local Body or authority including tho
Aurangabad Municipal Corporation have been received by or
served upon the Owner or any pe rson interested in th
property.
13. The Owner declares
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                                                                                  7


                                     (a) That the Owner is entitled to enter into this
                                            Agreement with the Developer and he has full right
                                            and authority to sign and execute the same,

                                      (b) That the Owner has not agreed, committed or
                                            contracted or entered into any agreement for sale.
                                            sale deed, gift or lease of the said property or any
                                            part thereof to any persons or person other than
                                            the Developer and that he has not created any
                                            mortgage charge or any other encumbrances on
                                            the said property as mentioned herein.

                                      (c) That the Owner has not done any act, deed, matter
     ,t                                   or thing whereby or by reason whereof, the
                                          development in the said property may be
                                            prevented or affected in any manner whatsoever.
               4                      (d) The owner hereby assured & states that the
                                          property under development is not subject to any
                                          acquisition, requisitlon, reservation & also not
    ilL +                                   comes under any, tenancy, protected tenant or any
                                            tenancy law, any type of Inam or Ceiling & it is in
                                            the permissible category of development without
                                            any permission from Collector or Govt. except the
                                            N. A. permission.


                                   L4. Whereas the Owner assured that the property under
     +              o              agreement is free from all the disputed, litigation, charges &
                   &               encumbrances and if any party claim any right or creates
               fq                  dispute regarding demarcation of plot, N.A. Order, Lay-out
                                   related any quires/disputes or file any litigation with respect
           +                       to the property FSI then the Owner themselves shall clear
   bail.                           all the disputes, charge whatever at his own cost and
                                   expenses and also liable to pay the damages &
                                   compensation to the developer if he suffered from any, and
                                   as well as the period of development shall extended
                                   automatically till the sort out of all the problems.
                                   15. The Stamp Duty & the Registration charges for this
                                   development agreement & the Power of Attorney will paid
                                   by the developer.
                                   16. The Developer shall be entitled to enter into separate
                                   contracts in his own name with building contractor,
                                  architects and other for carrying out the said development
                       5u b       at his risk and costs. If any litigation arising between the
                                  builder & the contractor or technical experts, skilled or
                                   nskilled labors or with any other person in relation to the
                              rI
      t                             velophent of this property, the owner shall not be held
          II
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                        ad $
                             o
                               {.
                              {s
                              p
                                     ponsible ln any way

                                         ##y accident or damage is caused to the property or
                               h to the4pe,rson such as labors, engineers or to the property &
                                  pe rson cif neighbors during the development the owners
                                 Thallcnot. .be responsible in any manner for this mis-
                                   happening. -


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                                                    }fltiirl;ri!:;=iJ-ij.ti9+,!t$ i:}i r ', ,: .
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                                      8

  17. Whereas the developer can obtain the construction
  permission & layout sanctioned from the concern authorities
  & further can revise, modify, change or alter the layout &
  construction plan after taking the necessary construction
  permission & sanctioned layout from the competent
  authority at his own cost, with the consent of the owners.
  18. The Developer/Builder i.e. party on the second part
  can mortgage the flats of his share in the property referred
  under the schedule more particularly describe above to any
  bank or financial institute for raising the project loan, funds
  or financial assist from any bank or financial institute & the
  owner has consented for the same. The liability of the
  payment of the loan amount whatever taken from any bank
  or financial institute will be entirely in the developer only &
  owner will not liable for the same.
 19. It is agreed in between the parties that owner shall
 execute the Registered Irrevocable General power of
 Attorney in favour of the developer in respect of the
 properties under development to authorize him to carry out
 entire development work, & to give all the powers required
 for sale, mortgage the property to the extent of his share in
 construction.
 2L, It is further agreed between the land owner and
 developer, the developer will pay all the taxes & charges
 towards development/construction of the building & also ;\ b
 developer will pay income tax, Servlce Tax, VAT, wealth tax,
 GST etc; on the sale of the flats to the extent of his share &
 similarly the owners, will pay income tax & wealth tax. It is
 further agreed in between the parties that, the owner shall
                                                                        &
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 ;:'f ::#" f: ffi:#Xl"'il'..f ll",:"6 ?1"' ::,::l"oo'
                                                            *" iQEl
 share & handed over the said amount to the developer for
 its payment to the concern offices.

                THE SCHEDULE ABOVE REFERRED TO


 _ All the part and parcel of the plot No. 17 area admg.
 270.00 Sq.Mtr. and Plot No. 18 area admg. 260.00 Sq.Mtr.
 (total area admg. 530.00 sq.mtr.) part of forming part of
 Sy. No.3 and 4 and now Gut No.3 Mustafabad,
 Aurangabad. Tq. And Dist. Aurangabad


 Bo n           of th    P          Lan            vel

        East            9.00 M.W. Road
                                                               T
        West            Open Plot
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        South

        North
                        Dishanagari
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                        7.5 M.W. Road




€14-2     1
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                                                                             9




                                 IN WITNESS WHEREOF THE PARTIES HAVE PUT THEIR
                                 HANDS THE DAY AND YEAR FIRST HEREINABOVE WRITTEN.

                             THE O               NERS


                                 CHANDAK NAGARGOIE SUPERSPECIALITY HOSPITAL
                                 PVT, LTD.

                                 A Registered Company under the provisions of the
                                 Companies Act
                                 CIN : U85300M12OL9PTC32OL2
                                 (PAN NO. AAHCC9874F)
                                 Having its Registered office at,
                                 Beed Bypass Aurangabad

                                 Through its authorized Directors



                                 1] RAMDAS S/                    AGDURAO NAGARG OJE


  ,..
      q,


                                 2] VISHAL S/O HARTPASAD CHANDAK
                                                                dP                                     Bit

  +                                                                                                      w
                                 3l MANISHA W/O RAMDAS NAGARGO                                           *
                                                                                                         * rT


                                 4] SHRADD                      /O VISHAL CHANDAK                         ;#

                                 DEVELOPER/BUILDER


               b .R
                                 M/s. Mahdlaxmi Builders
                                 Through its Partner
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                                               10




                 3l Mr. Dhananjay Babasaheb Doiphode



                 4l Mrs, Sh ipla Surendra Ratnaparkh i

                 WITNESSES: -




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