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Office Name ARBl_HQRSUB REGISTRARAURANGABAD 1                                                       P C DEVELOPERS THROUGH PARTNERS Mr

                                                                                                    SURESH ANANDRAO PENDHARKAR AND

Localion AURANGABAD                                                                                 OTHERS

Year            2021-2422 a^eTiF.e                                                                  cTs No.15276

                Account Head D€t il8

                                                                                                    VIOYA-NAGAR, GARKHEDA
0030046401 Slamp Duty                                        494500.00

0030063301 Registation Fee                                       30000.00




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                                                                            PAN2=AFZPB472gD-SecondPartyName=Or PRAKASH MMCHANDRA

                                                                            BHUREWAR ANO OTHER--14arketval=9887500




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                                                            5,24,500.00                   Only

Payment   Details            BANK oF NTTAHARASHTRA                                               FOR USE IN RECEIVING BANK

                         ch€que-DD Details                                  Bank CIN                 02300042021061563547 001715237

Cheque/DD No.                                                                           RBlDate      1510612021,10:11:O5


                                                                                                     BANK OF MAHARASHTRA


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                                                                                                                    Print Date 15.06-2021 10t12t06
                    Department of Stamp & Registration, Maharashtra

                             Receipi of Document Handling Charges

PRN          1546202101323                         Dare         15lA6pO21


Received from self, lvlobile number OOOOOOOO0O, an amount of Rs.5OO/-, towards Documenr
Handling Charges forthe Document to be registered(|SARITA) in the Sub Regislrar office S.R.
Aurangabad 1 ofthe District Aurangabad.




Bank Namo I4AHB                                     Dale             1510612021



BankClN 10004152021061501146                        REF   No.        001835469



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OT'ICg   NIfi'   ARBl,HOF SUB BEGISTBAF AUFlNGABAD 1                              P C oEVELOPEFS TNBoUGFI PARTNEFS Mr

                                                                                  AURESH ANANDRAO PENOHARXAF AND

                 AUFANGABAD

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                                                                                  V OYA.NAGAR, CARKHEDA



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                                                                                    sANKOF MAHABASHTFA




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                                                                                                  Pnnroale 15.06'2021 12:2713.
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                                                  R.cerprDero 15/06/2021
            1506202101323

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3908 oaled 1 5/06/i021 at ihe sub Begist(ar olflce s F Aur angabad 1 or lns ursr
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                                   Payment Detalls

B.nKNam€ MAHB                                     PayB€ntDate 15/06/2021


BankcrN 10004'152021061501 146                    FEFNo. 00',1835469
DefacENo 15062021013230                           Delace   Dato 15/06/2021

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                      DEVELOPMENT AGREEMENT


             This Development agreement is made and executed on
             ,-

         l) day of Jru'j:e 2o2l at Auralgabad in respect of property
         CTS NO, 15267, Sheet no. 3O4' Vidya-Nagar' Garkheda,
         Aurangabad by and between

                  1) Dr. Prakash S/o Ramchardra Bhurewar'
                    Age :63 years, Occ : Dental surgeon ,
                    R/o : Vidya Nagar, Garkheda. Aurangabad.

                    PAN No. AFZPB4729D.

                  2) Kalpana D/o Ramchandra Bhulewar (Befo'e Ma'rtase)
                    Kalpana W/O Dyaneshwar Kittiwar lAfte! Maltiasel
                    Age :- 67 years, Occ :Pensioner ,
                    R/o : Vidya Nagar, Garld:reda, Aurangabad.
                    PAN No. AMLPK3614R.

    ( Herein after called as 'OWNER, which expression sha-ll mean and
    include it's presents ald futures lepresentative , executols,
    administrators, arld assignees in the interest of FIRST PART )


-                      P.C. Devlopers
                                       AND


       ,,q
AoI",/                 Office no. 106, Shlvdas Trade Centre'
Yu-,
                      New Shantinlketan colony' Trimurtlchouk,

                      Aurangabad

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                 Through Partners

                  l) Shri Sueesh S/o Anandraopendharkar
                 Age :59 yeajs, occ : Business,

                 R/o ;New Shanti Niketan Colony,

                    Aurangabad.

                 2) Shri Nttin S/o Damodhar pandit
                    Age :44 years, occ : Business,
                    R/o : Vishnu Nagar, Aurangabad.

                 3l Manoj S/o Bhlmstng Chavan

                    Age :42 years, occ : Business,

                     R/o :Banjara Colony , Au_rangabad


 ( Here in after called. DEVELOpERSwhich
                                                expression shaIl mean
and include it,s presents and futures representative
                                                              , executors,
administrators, and assignees in t-l:e interest of
                                                     other part )



     A) DESCRIPIION OF pROpERTy UNDER
                                                     DEVELOPMENT :-


     CTS No, 15262l Sheet !o. gO4, ad.mg. g2g,4
                                                                sq,mtrs.,
Situated at Vidya-nagar, Garkheda, Aurangabad,
                                                      which is bounded
as below. :-

          TOWARDS EAST; CTS NO. 15264

          TOWARDS WEST :RoAD

          TOWARDS SOURTH :ROAD
        TOWARDS NORTH :CTS NO. 15266.



                  TITILE OF THE PROPERTY :-

        That, the property under development purchased by the
        Firct Da*' i a rl r n- Prakash S/o Ramchandra
        Bhurewar and (2) Kalpana Ramchaldra Bhurewar by
        r}reir mother namely Smt, Vijal'rna1a Ramchandra
        Bhurewa-r by way of registered sa-le deed vide day book
        no. 10057 on dated i3/10/1988. The owner hereby by
        undertake ttlat the property ulder development was free
        from all qpes of encumbralces and having full
        marketable title as on dated, _/5/2021 when they
        entered in to development agreement alrd power of
        attorney in favour of the Developer.
    B)AREA OF TIIp PLOT UNDER DEVELOPMENT :-
        That, the development is to be according to the sanction
        plan ald area shown in the salction plal arrd as per
        permission grarlted by municipal authod$ for the area
        329.4 sq.mtrs.




    C) PROPOSAL OF DDVELOPMENT :

        As the property belongs to the first party arld Ibst pa-rty
        intending to develop for Residentia-l purpose in view to
        protect propefy from nuisalce as well as in view to
         ieate income by developing t] e plot, In short it is a
        proposed to development of plot. It is proposed by the
        first party that developer should construct the residential

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                                                                        4


        flatted building on his own cost and also to pay
        refundabie deposit of RS.4O,OO,OOO /_ ( Rupees Forty lacs -
        onl;r), to the First pafty arld the ratio of keeping
        const!'ucted area to the 1"t party and 2"d party is 5O:SO %
       ratio as referred in the plan and same is marked in the
       proposed developmenr plar.

D)PROPOSAL AND RIGHT OF OWNER :
       That, the land / property under development is to be
       develop by the developer on his own cost as per sanction
       plan / revise sanction plan arrd the o,lpenditure
                                                           towa-rds
       the cost of tfre construction is to be borne by the
       developer and in lieu of the said development, the
       developer is entitle to keep S0% constructed area of
                                                                 flat
       as ma-rked / murualJy agreed.
E) RIGHT OF DEVELOPER :-

       The developer has tota_i dght of ownershlp for
       construction and sa_le to the extent of his share i,e.
                                                                 50%
       of total construction as well as enjoyment of property.
F) The first pa-rty has proposed. to keep security deposit for
  the development which is for Rs.4O,OO,OOO
                                                 /- (Rupees Forty
  lafths only) which will be refundable after completion of
  project / at the time of taLing possession of the
                                                      constructed
  arca of SOVo as marked in plan.
  Payrrent details of refundable deposit are as below:_

 S.No          Date            Particulars            Amount
   1       12-06-202r        Chq No.119076-      Rs i 5,00,000/-
                            (AXIS Barlk Ltd.)

   2       12-06-202L        Chq No.1 19077- Rs.15,00,000/-
                            (AXIS Bark Lrd.)




   'twy
    2\
   3.      '23-06-2027           Chq No.119078        Rs. 5,O0,000/-
                                 (AXIS Bark Ltd.)

   4.       23-06-202\           Chq No.1 19079       Rs. 5,00,000/-
                                 (AXIS Barlk Ltd.)

                         Total                        Rs.40,00,000/-



    Subject to realization of cheques

c)That, the developer has right to develop tJle property for
  Residential purpose arrd thereaJter the developer has right
  to a11ot/ sale tl:e constructed portion of his share to ttre
  prospective purchaser / occupier in future by taking
  coqsideration amount.

NOW IT IS HERE BY AGREED BY AND BETWEEN THE
PARTIES AS FOLLOWS.



        1) With a view to develop tbe said property i.e. property
          described here in above ( Herein after referred, "The
          said proper!y'' ) as may be permitted by the concemed
          authorlty to the Owner. And the owner fust pa-rty here
          by agree to entrust the work and right of development
          of the said property in the ten!.s and conditions here
           in after contained.
        2) The developer agreed to make construction of
          residential flatted building on plot total admg.
          329.4sq.mtrs. situated at Vidya nagar, Garkheda
          Aurargabad own by the owner / lirst party as per the
          sanction plarl by the Auralgabad municipal

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                                                              6


    corporation, subject to pemitted a-lteration witll the
    co4sent of 1st pa_-tJr / owner.
 3) The developer shall procure in any malner in their
   exclusive discretion the necessary finarece for the
   purpose of putting the construction over the said
   property at his own dsk and cost.
 4) The developer hereby agreed to develop alld or
                                                       cause
   to be developed the said properff according to the
   permission arrd revised permission
                                             $anted by the
   municipal corporation in the narne of owners first
                                               /
   pafiy.
5) The developer shall be liable to meet all the expenses
   concerning arrd incidental to the completion of project
   and shall be responsible to do eveq/thing needful arrd
   necessary for tJre completion of the work. l{e shall be
   responsible for       the loss, damage, penalties,
   compensatlon or other liability concerning or arising in
   course of this construction work.
6) The developer shall be liable to any aJ1 the electdcity
   and water charges leveled or leviable and insurance
  premium on this building till the completion cediflcate
  1s gra_nted by the corporation arrd /       or occupation
  which is later.
7) That, the charges of TDR,          Paid FSI, vikas nidhi
  charges will be borne by rhe owner and developer at
  their equal ratio i.e. 50:50 o/o.
8) The construction permission is agreed to obtain by the
  Second pa.rty / Developer and all expenditure towards
  the construction permission is to be borne by the
  Second party, however developer will peruse t1:e same
  in office of Municipal Corporation for to get sanction.
                                                              7


9) In lieu of tlee cost of property which is pursuant ttris
  agreement is to be allow to the developer, by way of
  50yo coostructed area of, the developer can aI1ot / sale
  construction area given in his share.
10) The portion of the building i.e. constructed building
  by the developer is allotted to the developer and in
  respect of which the owners will execute necessar5z
  documents of transfer in favor of the developer and as
  per say of the developer, The cost ald expenses of
  execution of the documents shall be borne by the
  developer and or occupier, The owner shall be bound
  to execute t]]e documents in any name as describe by
  the developer.
11) The owners shall pay a1l municipal tax, N.A.
  Charges, betterment charges of the plot ar1d thercafter
  all the expenses i.e. preparation of p1an, appointment
  of aJchitect and fees of architect, expenditure of
  pemission is to be borne by the Developer. The owner
  has paid a-11 the taxes and charges of the state
  government arld that of local authodty in respect of
  the property under development up to the date of this
  agreement and if any dues are found in tJ:is respect,
  owners '\.i11 pay the same. However, from the date of
  tJris agreement, al1 such charges will be paid by the
  developer.
12) That if ary dispute on account of title, possession or
  boundar5r in respect of the property under
  development arose, the owner wiil indemni$r the
  builder for all losses suffered bv it due to such disDute



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