'" • Challan Defaced Details Remarks Defacement No. Defacement Date Defacement Amount (is)-158-6267 0003158302202223 11/08/2022-15:47:43 30000.00 Page 112 Print Date 11-08-2022 03:50:51  - Document Handling Cho{geS ~ Inspector General of Registration & Stamps Receipt of Document Handling Charges PRN 1108202202141 Receipt Date 11/08/2022 Received from HINGLAJMATA, Mobile number 9422211142, an amount of RS.740/-, towards Document Handling Charges for the Document to be registered on - Document No. 6267 dated 11/0812022 at the Sub Registrar office SR. Aurangabad 1 of the District Aurangabad ~FAC~ ( ~ 740 } Payment Details \e:FACo/ Bank Name SBIN Payment Date 11/08/2022 Bank CIN 10004152022081101974 REF No. 222348499417 Deface No 1108202202141D Deface Date 11/08/2022 ... This is computer generated receipt, hence no signature is required. 1 I Page 3T 7· 7J- if 6' ":h~'lP LO 3-LO , DEVELOPMENT AGREEMENT Th\I~~evelopme~t agreement is made and executed today on , • day of L!~4 2022 at Aurangabad between: . ~, ·~.r  2 I Page Dr. Hiroo Chimandas Gursahani Age: 67 Years, Occ. Business Rio. Plot no. 107, Tirupati Park, Gursahani Nagar, N-4 CIOCO, Aurangabad 431003 UIO 6198-8337-1152. (Hereinafter called as THE LESSER which expression shall mean and include his legal heir's successors, legal representatives, executors, administrators and assignees.) Party of the first part. AND Mis. Shree Hinglajmata Constructions, A Registered Partnership firm duly registered under The Indian Partnership Act, having its registered office at Row House No. A-1/4, Tirupati Park,Gursahani Nagar, N-%}, CIDCO, Aurangabad. 431003.Through its Partners Ol.Mr. Oevendra Ambadas Oeshpande, Age. 44 yrs, Occu. Business Rio. Plot No. 21, Kalpataru Housing Society, Garkheda, Aurangabad-431009 UIO 7901-2100-7547 02.Dr. Hiroo Chimandas Gursahani Age: 67 Years, Occ. Business Rio. Plot no. 107, Tirupati park, Gursahani Nagar, N-4 CIOCO, Aurangabad 431003 UIO 6198-8337-1152. [Hereinafter called as THE DEVELOPER FIRM which expression shall mean and include all its present and future partners, its, legal representatives, successors, executors, administrators and assignees] Part of the Second part Description of Property under Development All that part and parcel of property Plot No. 138, admeasuring 1257.19 sq.mt. situated at Survey No. 15 (part), village Garkheda, Neighbourhood N-4, Sector F-l, CIDCO, within the municipal limits of Aurangabad Municipal Corporation and owned and possessed by the ownerl Lessors. 3 I Page The boundaries of the said plot is as follows:- On or Towards the East: - 11.0 meter wide Road. On or Towards the West:- Survey No. 16. On or Towards the North:- Plot No. 137. On or Towards the South:- 24.0 meter wide Road. Hereinafter all the aforesaid stated to be "The said Plot" Whereas the Dr. Chimandas Asannad Gursahani and Dr. Hiroo Chimandas Gursahani are the original land owner of the land to the extent of 4 Hand 15 R situated at survey no. 15, Garkheda, Aurangabad. Whereas part of land from Village Garkheda, Tahsil and District Aurangabad was notified for acquisition by the CITY and Industrial Development Corporation of Maharashtra Ltd (CIDCO) (hereinafter referred to as CIDCO) which is a Special Planning Authority for Project Aurangabad, requested the Collector, Aurangabad to initiate the land acquisition Proceedings for setting of Housing Project and accordingly lands were acquired. Whereas CIDCO has acquired the 4 Hand 15 R land from survey no. 15 (part) Village Garkheda Tq. & Dist. Aurangabad owned b~ Dr. Chimandas Asanand Gursahani and Dr. Hiroo Chimandas Gurussahani, for setting up Housing project. Whereas Dr. Chimandas Asanand Gursahani and Dr. Hiroo Chimandas Gurussahani have filed writ petition in the Hon'ble High Court of Judicature of Bombay, Bench at Aurangabad, for payment of adequate compensation for the acquired land. Whereas, land owners i.e. Dr. Chimandas Asanand Gursahani and Dr. Hlroo Chimandas Gurussahani compromised the matter with CIDCO, Authority. The parties have arrived at out of Court settlement and terms and conditions were finalised  4 I Page As per the terms and conditions, crDCO has agreed to give 12450 sq. meters developed plots in lieu of adequate compensation of the acquired land. And whereas the CIDCO Authority thereafter developed the acquired land and carved out layout plots. Thereafter CIDCO Authority has allotted the developed plots having Nos. 110, 111, 112, 113, 114, 115, 116, 107, 137 & 138 to the land owners. Whereas out of the aforesaid plots Lease Deed of plot No. 138, admeasuring 1257.19 sq. meters is executed by CIDCO Authority on 16.02.2001, which is registered at Sr. No. -Q-73 at the office of Sub Registrar, Aurangabad, in favour of Dr. Chimandas Assanand Gursahani and Dr. Hirro Chimandas Gursahani. Whereas on execution of above registered lease deed, Dr. Chimandas Asanand Gursahani and Dr. Hiroo Chimandas Gurussahani become the Joint Lessors of Plot No. 138, admeasuring 1257.19 sq. meters situated at survey No. 15 (part), village Garkheda, Neighbourhood N-4, Sector F-l, CIDCO, Aurangabad. Whereas unfortunately, Dr. Chimandas Asanand Gursahani expired on 04.04.2012 at Aurangabad and before his death, he has executed and registered will deed vide document no. 333 Gurussahani. Chimandas m.O;g-:'fi~8 5. .... ;'.":..~ :~-,."'  5 I Page And whereas the Lessor and the partners of the developer firm know each other very well and as such have collectively taken a decision and decided to develop the said plot. And whereas, the lessor is desirous to get develop the said plot however due to lack of expertise, time, funds, he is not able to develop the same and therefore, he has approached the developer and requested to construct and develop the said plot. Whereas the Lessor has agreed and authorised the developer to develop the said plot, by way of constructing new building and structures thereon as per the convenience of the developer and subject to permissions to be obtained from competent authorities and the rules and regulations governing such development activities. The Lessor has also agreed to execute a Power of Attorney in favour of the developer/builder thereby authorizing the developer and its partners to convey by way of sale the superstructure, flats, shops, offices etc. Which will be constructed on the said plot by the developer, to any person, other body which the developer may deem fit subject to the terms and conditions agreed herein. And whereas, pursuant to detail discussions, deliberations and negotiations etc., the Lessor, and Developers, i.e, the parties to this agreement, have arrived at conclusion and agreed upon certain terms and conditions in respect of the said development work which they have decided to reduce the same in writing by way of executing this development agreement which is being written and executed on the following terms and cond itions: NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY MUTUALLY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:- --=-  6 I Page 1. The Lessor has represented to the developer that he alone is the absolute owner, possessor/ lease holder of the said plot as stated herein above and the said plot is not subject to any mortgage, charge or any other enc~umbrances, and has ." further represented that he has got absolute right, title and authority to enter into and execute this development agreement with the developer. 2. The Lessor has applied for the building permission for the said plot and Municipal Corporation of Aurangabad has grant building permission on 07.10.2021, vide commencement certificate No. 512/2021-22, file No. 327/17/2021-22, book No. 467, Sr. No. 11652. '11 3. The Municipal Corporation has permitted 3434.92 sq. meters construction on the said plot as follows:- Area of plot 1257.19 sq. meters Basic FSI 0.10% 125.71 sq. meters Premium paid FSI 0.50% 628.59. sq. meters Ancillary area for Commercial 866.20 sq. meters 80% Ancillary area for residential 60% 557.23 sq. meters Total 3434.92 sq. meters 4. The Lessor has paid the premium, FSI, Ancillary charges to Aurangabad Municipal Corporation as per details given below City Development 34,37,700/:- Challan No. 23.09.2021 Charges 26980 Premium paid FSI 55,25,770/- Challan No. 23.09.2021 26981 Premium Ancillary 35,44,120/- Challan No. 23.09.2021 Area 26982 Basic FSI 10% 7,34,833/- ~.,- ,:;,..- ~..: ~ .- . ..  7 I Page S. The Lessor party of the first part hereby entrust and allow the developer, its servants, workers, agents, supervisors and others, to enter upon the said plot, referred to in the schedule "A" enclosed herewith, so as to develop the said plot as per construction permission as would be permitted by the concerned authorities and the Municipal Corporation Aurangabad. 6. The developer hereby agrees to develop and / or cause to be developed the said plot on the terms and conditions mentioned herein and as would be permitted by the concerned authorities and the Municipal Corporation, Aurangabad by constructing flats, shops, drainage, parking, cables, water pipe lines and connections, getting electric connections, lighting and \\ others items as per the terms and conditions imposed by the Municipal Corporation, Aurangabad while sanctioning the development plans. 7. The owner / lessor hereby assure and undertake that he shall fully co-operate the developer and he shall sign all the necessary documents, applications, papers etc. which would be required to be submitted before competent authorities, Municipal authorities and all other Government. Semi Government authorities, etc. from time to time and necessary '" for obtaining necessary further permissions etc. required for commencement, carrying out and completion of all the developmental activities over the said plot. The Lessor shall allow the developer to use his name for-the said purposes. 8) CONSIDERATION:- SA The developer agrees to allocate and give, as a consideration for the transaction under the present development agreement, to the owner I lessor constructed built up area in the form of a residential flat/shops/offices admeasuring to the extent of Built-up area 2054.07 sq. meters in the building to be constructed in pursuance to the development agreement. , _). ~ TJ-