,I ' 34312923 crdff Odginal/DuPlicate iie'ft iir :39q J.i Tuesda).JulY 11 ,2017 e.a3 pu .o"u** Regn:39M 4881 ft?ir'. 1110712017 qrdr(t 'nrri crq: (6t-{qrqr 3r{6qt6: 4rFr6-2923'2017 g LC) Q"rr^9 EE: rA@39094m1718E Anounr :600 l)o Bank I STATE BANK OF tNOtA Oat.: i1l07/2olz-t5:20.05 s -:ji2_o23 ooo186324s2or7rs I i,a1,zott-to.,lo..n rGR21o | 600 oo Tot.l Dotac.m.nt ADouht ra o Pirnr Dare rr 07.20.7 o7 1o lo DEVELOPMENT AGREEMENT Tlis Devetopment Agreemenl is being executed today on 116 day ol July,2017 - irz€abad between: I Deepali Daughter ot Pandurang Vyankatrao Mane, alias Wire of Kalidas Maruti Shewale Age 45 years, Occup : SeNrce as Teacher, R/o. i' Thakre Nagar Aurangabad PAN No:-.AQFPM 3499 L IHer€iJter called as 'LESSEE i PARTY oF TiE FIRST EA8I, which expressron shall l'Er dd include all her heirs, successot executor administrator and assignees) AND CONSENTED BY Sandhya wro Mahadeo Dattalraya Makane Age : 50 years, OccuP ;_: Housewife. Rio.: Lake View Co.operative Housing Society, H-4, 0/3, Sector-14, Airoli, Navi Mumbai- 400 708 PAN No:- AVSPM 9471C rlte.ernafter called as "CONSENTING / PARTY OF SECOND PART", which expression sd llEan and tnclude all her heirs, successors, legal replesenlallves executors, dn(l6trators and assignees) -€* r'S"g..=\ AND M/s. SAMARTH VASTPURTt PAN NO ACLFSO452I\', A Partnership Firm, Through rts Partnersi 1) Vishnukant s/o Govind D6badwa., Age- 43 years, Occ:- Business, R/o Shriram Nivas, 12s Scheme, Shivali Nagar, Aurangabad PAN No:- ALSPD 2186 M 2) Gajanan s/o Ratan Chaudhari, a Age:- 48 years, Occ:- Business, R/o Matoshree 12'h Scheme, Shivajr Nagar, Aurangabad . PAN No :, AAMPC 0744 R 3) Arvind s/o Nagnaihrao Kendre, Agei- 43 years, Occ-: Business, R/o '103/104, Samarth Nagar Aurangabad. PAN No:- ASZPK 6703 H (Hereinafter called as 'DEVELOPER / which exp ssion shall mean and include alt the present . lhdn heir successors, legal represenlatives, execulors, O WHEREAS, the property Ptot No i admeasuring Area 42S 50 sq mtrs , situated at Gul No 126/1 ( part ) Sector-K, NS-l, Satara Tq & Djst Aurangabad, was allofled by CIDCO Aulhority to the Lessee / Party of Frrst pan, as per the alotmenl leiter dated 46 February, 2009, bul however as she was not having the required finances icr deposiling the premium of the sard plot in CIDCO she approached and requested to the party ol Second part to deposrt 50% of the premrum of lhe said plot rn CTDCO lherby agreeing to gNe 50% share / rights ot the sard plot Accordingly stating the same. party of Firsl Parl enlered rnto an wrtlen agreernent wrth Pa(y ol second Parl on 10 05 2OO9 Therefcre 50% premrum for lhe sard Plol was depos ted through demand drafts payable _- lq_CIDCO by l!!9 Parly of Second Pari to CiDCO rn lhe name of partyof FrstParl .--=-:;'.--;: =:- 3 The First Party and Second party lo have Equal Rights from the Deyelopment Agreement, Subsequently if the First Party and The Second party wbh to pass on their Rights / Assests to any Party, the Liabilities / Expenses to be bome by the individual Party, that is the lirst Party Or Second party as the Case May be AND WHEREAS, CIDCO Aulhority lhglgilaBel executed lhe registered agreemenl to Lease in respecl lo the said plot specillcally described in Schedule-A h€reunder in ihe name of Party of First Part vide no AGG - 1/1148 on dated 07to312013 AND WHEREAS, lhe parly of Flrsl Pari and pariy of Second part were unable to decide on lhe developmenl of lhe said plot therefore, ihe said Plol could nol be developed unlil now nor any one of them could carry oul any construclion lhereon As o, now they decided to develop the said plol through Developer AND WHEREAS, incidentally boih that is lhe party of First Pan and Parly of jt Second Pari contacled lhe pany of Third parl for development, and thereby is decided amongst lhe parlies thal, out ol lhe total conslruction available for lhe said plol lo be constructed, the party ot lhird part lo relain 5oo/o conslruction, and each of the porty of Iirst pan and party ol second part Will receive 25% conskuction ( Parly of First Part 25olo Party of Second Patr 25o/o and Party of Third Part 50% ) Party of First parl also assured lhe developer that he will get the lease deed of the sard plot execuled trom the CIDCO aulhorily at his own cosl and accordingly al the o parties decrded lo reduce therr terms rn writlng and lherefore lhrs developmeni agreement rs being executed on the following terms and condltion party of First part hereby underlake that, he will gel the registered lease of plot under development from ihe CIDCO authorily in his name and the e regrstered lease deed will be borne equally by pany of Firsl Part and Part *--* 3,r.. - - ^"aUj 6t tne Party of First Parl and Pany of Second Pad both hereby undertake that' rhe properly under developmenl is free from all types of havrng every rrghl lo enler rnto lhrs agreemenl wlth lhe pady 4 3. That, Party of First Parl and Party of Second Part hereby undertake that, rE-; have paid all the charges / dues to the CIDCO authonty as ol today lhe date of srgning c, lhe Development Agreement and if any dues are found in this respect, the same wrllti on the account of the party of First Part and Party of Second Part equally- 4. That, the party of Third Part at his own cost will oblain lhe necessary conslruction permissions from ihe Municipal Corporation Aurangabad, by deposiiing ihe required fees and charges thereat Conskuction permission lrom the initial stage of lhe project and d required for the extended peaod will be obtained by lhe Developer and all charges ' dues/ rrnes will be borne by the Developer. However, party of Third Part will aiso obl19 the completion cerlificate / all required paper work from lhe Municipal Corporatio;' Aurangabad, and will also be entiued to get the refund of the conslruction deposit Developer will also pay the open plot Taxes ol the Plol under development, but however, if any amount is required to be deposited with the CIDCO authonty for obtaining its NOC for construclion permission, the said amount will be paid equally by party of Firsl Pan and Pady of Second Parl Fi.e plan and its implementation will be the Responsibility of the Developer, 5 That, the Lessee hereby undenake that the property under development is not affected by any reservation nor jt rs subject lo any acquisilion or reqursition proceedings nor the properly under development rs subject matter of any liligation in any coun. tnbunalor before any authorities and possessron of lhe Lessee on the properly under development is found or any drspute on account of boundary or area arose or any third party inlerest is found or any reservatron on lhe property under developmenl is found, lhe Party of First Part and Party ol Second Part will compensate the Developer for all losses suslalned by the Developer 7 Thai Developer wtll carry on lhe constr!cllon oi [he burldlng on the property under development slnctly In accordance v/lth ihe constructlon permLss on granted by the town pannlng authorty and 11 he vrolales the ierms and condltlons oi the conslruclrcn permlssron or carry out any conslrucllon be solely responslble for the cosls and cc 42-a \ i L 9\ 3 That in consideralion of the property being given tor development developer will .etarn and allol 25%o conslructjon lo lhe Party of First Parl and will retain and allot 25ya ..r,srudion lo lhe Party of Second Pad wherdas, lhe developer will retatn and dispose of remaining 50% construction on the property under development. The specific construc{on lo be relained by each of the partles will be decided after obtaining constuction permission and accordingly deed of confirmalion agreement wtll be erecrrled At The time ot conlirmation deed, Party ot First Part will have Fi6t Preference, Thereafter Party of second Part will have second Preference, and thereafter Party of Third Part ( Developer) will have Third Preference for chosslng the Flats / Shops oa any other units. However Scope for adjustment, mutual understanding will be there I The specillcalions of the construclion and amenilies lo be provided for the conslruclion retarned by Party of First Part and Party of Second Parl will be as specjfied rn Schedule-8 hereunder, however, Parly of First Part or Party of Second Part or their Transferee desre to have any changes in lhe said specifications of lhe developer they flll do so, at lheir own cost and the developer will be entitled to receive and retajn the extra charges ( difference in the charges) for such changes suggested by the Pa(y of First Part or Party ol Second Part or their prospective transferee ) 10 Thal the Developer will complete the construction ofthe building within 24 monlhs f.om the date of issue ot Commencement Cenificate, however addit,onal petiod of 24 Months will be required tor completion of Paper work / Occupancy Certificate, and CIDCO Formalities and any other paperwork required for this Development Agreement However rf the conslruclion cannot be completed withrn the sard penod for any reason whiqD-ls totally beyond the conlrol of Ihe developer, lhe period of development will be ded (?":"j:itSy"la n ih entrre consideralron lhereol, however r,l" .l:*,:-^:: l: part or pany of second pan are requrred for such lransfer e,ther by CIDCO aurhonty or by any olher authorty lhey will also srgn and deed of assignmenl as and when requrred by the c any aocirtronal conslderalron '2491F ilr! , j- ,.: t( ) 6 Note: The Mobile Nos of all concerned panies rn lhis Development Agreemenl, used for communicatron purposes ( Communjcation shall be lhrough Vorce, Whals Up) 12 That, if any additionat FSI is available on the plot under devetopment, by paying b the Corporalion addilional FSI charges or any other amount with lhe CIDCO or Muniid Corporation, Aurangabad, the said amount will be deposited and paid by the party d First Part and party of Second Pari equa y, but party of Seccnd pan will pay Rupe.a 2,00,000 ( Rupees Two Lakh only) in cash to the party o, First part. lf Additional FSI Charges are not applicable then Ihe above meniioned amoun Rupees 2,00,000 (Rupees Two Lakh only) in cash will be paid by the partyvot Second Part to the Party of First Part in cash. 13. lf any charges / tines ls required lor regularizing balcony, boxes etc. uE samewill be paid by Party of third Part i.e. Oeveloper. 14 That if any dispute aroses between the Developer and hrs skilled or unski ed Iaborer, supervisor, conlraclor, the owners will have no concern wilh it and the developea wall be solely responsible for such dispute 15 That ( any accidenl or natural calamities arose durjng lhe course of development ol ihe property and lhereby any loss or damage or injury caused to t^ skilled or unskilled laborer or a racent property of the property under u"top."nt tf party of ilrst patl ot pady of second part will not be responsible for lhe same and ihe developer will be solely responsible and wtll have to pay the compensahon/ damages jf any required lo be paid 16 Thal all agreemenl of transfer of all untts except unils relatned by party of flrsl pan will be executecl either by the Developer themselves as IRREVOCABLE General Power of Atlorney (IGPA) of the owner and rn case as per lhe norms oi CIDCO lhe personaj signature of pany of Firsl Parl is requred Lessee wili also execute lhe said agreement ,| 17 Thal lhis development agreement will not be treated ds partnership deed and party o{ fi.st part and party of second parl will have no concern with the expenses of the developrnent incurred by the developer. They will also have no concern with the proflt eamed by the developer out of ihe developmenl oI this property and as such will hot be EaHe lo pay any traxes for lhe same. However lhe developer will have no concern with Shares retained by the party ol firsl part and party of second part and the cash coarsileratbn received by lhem and as such by party oI flrst part and parly of second pan will be solely responsible to pay the taxes which will be imposed on the same S'rnrlarty lhe party of firsi part and party ol second parl will be responsible to pay VAT, servEe laxes, GST, water connection charges, and all olher charges rncludtng Eleclrificatiory'meler charges (including proportionate service line charges) tn respect of Ih€ flat retained by them and developer will not be resPonslble to pay such taxes but Party of First Part and Party ot Second Part will pay Electrification chatges water suppltr charges, service line charges at the lime of possession of subsequent units. 18 That the Developer may obtain the project loan for the developmenl property by crealrng lhe charge on lhe conslruction retarned by developer 19 Thal the owners are also executing the separate IGPA in favour oI the Developer lhereby authorizing them, to oblain construclion permission, to carry on lhe construction, to obtain drainage connection, water connectlon, electricity connection, for the entire Construction of said Plot Developer will execule agreement lo assignmenl deed of assgnmenl rn respect of the conslruclion relained by the develoPer ia . SCHEDULE'A' Description of property under development All thal parl and parcel of Plol No 1 admeasuring 425 50 sq antrs , EAST: - Plot No 2 sE" fir4 h,,"r 3,= 4; WEST - 1 1 meter wide Road, {*-* SOIJTH r- Gut No 161/1 and ilfi n e ab9> NoRTH - 18 meter wrde road srtuated at Gul No 126/1 ( part ) Seclor-K, NS 1 Satara, Tq & Disl Aurangabad 8 SCHEOULE - B SPECIFICATION OF THE MATERIAL TO BE USED AND AMENITIES TO Bf PROVIDED FOR TFIE CONSTRUCTION STRUCTURE :R.C.C Frame Structure. MASONRY : External . 6'Thick Wall internal :4'Thick Wall PLASTER : External plaster . sand faced plaster in two coats lnternal plaster : neeru flnish plaster a FLOORING 24"x 24" Vitrified tiles flooring to all rooms. TOILET : Ceramic /Antrskid flooring and Dado uplo lihtel level PLU IVIBING : Concealed internalpluming in standard G l.Pipes With chromium plated quality fittings and fixlures KITCHEN : Gran e kitchen otta and glazed hle dedo upto lintel Level Starnless steel sink DOORS Front Door of ieak wood frame & Decorative laminated flush door R C C door frame fo( bed rooms & for W C Bath Toilets WINDOW Powder coated aluminum sliding window rn three Track with mosquilo nel & safety M S grills & Granrle wrndow srll on all four sdes of openrng ELECTRIFICATION Concealed electrificatronwrth good qualiiy sw tches PAINTING External Premium qualty ACE parnl Premrum Emulsron 'J ]N WITNESSETH WHEREOF IHIS DEVELOPMENT AGREEMENT IS EXECUTED TODAY ON THIS 11th DAY OF JULY, 2017, AT AURANGABAD. LESSEE t-t Xalldas Maruti Shewale Age ,l7 years, Occup-: Teacher, Deepali D,/o Pandurang Vyankatrao Mane, Ro. ,- Thakre Nagar, CIDCO, alias Wife of Kalidas Maruti Shewale Arx|gabad Aadhar No. 446432086838 :ted4=-- fii zh.Iahadeo Oattatrya Makane CONSENTING PARTY Age: 50 years. Occup i-:. --_- ,.zz _it R o.: tC(e \Is, Co-operaliue P ' " ' ' l{or*tg Scirly, &+<- F H-1. OB, koFl4, Arroli, Sandhya w/o Mahadeo Dattatraya Makane t{evi Mumbai - 400 708 Aadhar No.935988 3 .rrf :Sac h in-Pa n d u ran g rao lvla n e DEVELOPERS Age;- 40 years Occup :- Advocate IVI/S SAMARTH VASTUPURTI R/o - New Kalika Devr Mandir Lalur Adhar No ,- U2529627434 -n4, 4I.- RarDa Ankushrao Hatadkar Age :- 34 years Occup :- Service R/o :- Hanuman Nagar Aurangabad Adhar No - 649423661621 44: 2) GajanaM/o Ratan chaudhari, I ar rr rr- E- r ?, l<:.,.-.-, i""l^- I 731!:i?, J\rrri, (rr9t, I vag.l )iltqf - mrz -'urgfql nifuR n:, i( / Y., o, Blnh : re6t 4464 3'os 6838 illlllllllxllllflflilt 3 qn - Hrqrq qrurTlrEr 3Tfu6.R ,min - guR {IoIsEr qfr6R o - ;_1;- : .ffi; tuE ArsdE tbr.rts Fittt @G2to clt I I qr{d 1T('FR GOVI. OT NDTA 6425 2962 1 134 lqqR - {rq qlur€rqreflfo5R gueii iei,rornot^ ,22--4.-l 2621 7655 1791 ffi--- qmq q'"rqrEr u,ftr-R .4. . ..-', \ \JU.llwd' dDllats- l, !!az3