Aotrexurc'A' Model forn ofAgr€€mdt to b€ eni€red into betwccn Prcmote. ud AllotteeG) (seerule l0(1)) EXPLANATOR| NOTE This is a mod€l fom otAgrcemeD! which nay be nodified and adaplcd in each case having regdd lo tbe facts and circumstances ofrespectile case bul in dy elenl, matcr and subslmce mentioned in lhose clauss, *hich are in accordance wilh the statule and nmdatory according lo thc provisions of the Act shall be rtained in cach lod ev€ry i.gr€en€nt €x€cuted betweo the Prcmoler and Allottee. Ary clause in lhis agreenenl found contrary lo or i.consist€nt witi any prolisions ofthe Act. Rulcs .nd Reeulations would be void db';"tio. Model FormofAgre€ncnt Ihis Agr€enent nade a1..,.,....,.this........day o1......... in the yea! l\o lholsand and ..................... between M/s vA DevelooeF having addrcss at Office No. 306, Spacc Olynpia. Sutgirni Chowk, Aurangabad 431002 hereinafter rcfcffed lo as'the Pronoler of fie One Part and ( .........................) harins addts d ....................ncrcinafier reiered roN rle Allo,ree ( . - . . . . . . . . . ) otrhe OrterPd. . . . . WHEREAS by a - Dfl€lopnent Agreement dated 03,11.2021 executed betseft Shd De€pak Aher ( hereinan€! rfen€d to as 'the Original Own€f') of lhe One Pan and lhe Pronot* of the oth* Pa.t ( herei.after rcfen.d to as "rhe Dselopnent Agieemenf l, - Developnedt Ageenent datod dalod 08.12.2021 execlled betseen Shri Dccpal Aher md Shri Pnksh.Aher ( l,€rein.ner refded lo 4 'lh. Original ownef ) oflhe One Pan md the Pronoter of the Other Pari ( he€inaft{ refencd to as 'lhc Dcvelopnen( , Developm€nl Agre€Dent daled drted 26.03.2022 execnt€d between Shri Deepak Ahcr and Shi lnkash Aher ( her€inafter refered to a the Original Ownel') ol fie One Parl and the Pronoler ot tbe Olho Pan (hereinaner rcfered to as drc Delelopnrenl rhe Originll Osners $oted to th€ Probotd developncnt riglxtlo the piece or parcel of freehold Imd lying and be'ng at ?loi No. 45, 46, 4?. 48, 49 od 50, Gut No. 347/1. Village Sat&a, Taluk! & Districl Aurflgabad 431002 adncasuring 1,299 sq. mts. or rhereabouts nore panicularly described it the first Schedul€ therein as well as in the Iirst sch€dule bereundcr witten (hercinaft* refmd to s the Projeor land) and ro constnci rlereon buildinei/s in a@ordece wilh thelems od condilioDs conkined in Lhe De!elopment Agre€n€nt/Power of Atlomey; AND WHEREAS the lronote^ aro e.litled and eijoincd upon to conslrucL buildings o. the Drci4l land in accordance wilh lhe recitah hereinabore; . \ f-' @'91- AND WHEI{LAS the Vendo.{-eso/Odginal Own€r/Promoter is i. po$ession of the ,^ND WHEREAS lhe Promoler has proposed to constru.t on the prcject lmd 22 .ow houses ofcround + I Floor cach A\n wllf l{ A< rhe ALlouee I offered m ApanTenr bdine lurbcr 0oor. ( herein after Efemd to d lho said Aparlrnml") in the Buildins called (h*ein anerrefened to s the sdid "Buildins') beins inth€ phase oflhe said pmjecl, br tbe ?ronoier AND WHEREAS the Pronoter h6 entered into a st nddd Asreemeni with m Archilect regnleed with the Coucil of Architecls and such Agreene.t is as per th€ Aerconont prescribed brr thc C ounc il of Architects: AND WHtsREAS the ?ronotd has reeisr€r.d wilh tbe Real Estate Roeulalory Authoriiy at copy isattach€d nr Anncxure F'i AND WHEREAS the?romoierhas appoinreda strxcrural Engircor for lhe prepar{tion of lhe slrucrural dcsign a.d dhrvings of the buildinCs dd ihe Pronoier acepts th€ profe$ional supervision oflhe Architect andthe structuslEngineer rill the completion of AND WHEREAS by vinue ol the Development Agreenenl/Power of Anomey the Promoler has sole bd erclusive rieht to sell the Apann€nts in lh. said buildinC/s to be conslruclcd by lhe P.omorer on the project lmd and to enl;r into Agreemenrs with ihe alloneeG)h ol th€ Apanmenrs to rec€ive the sal€ considemtiod id respect thereofa AND MEREAS on denand fron lhe allotlee. the Promoter has given ispection lothe Allottc€ of all lbe documents of ritle rel.ting to the prcject ldd md the ptms. dcsigns and specifications pr€pared by lhe Pronote/s Architech Me$s..........._.._..........,..,,.,.,. and of such odrd docuf,enls as N sp€cined lndo ihe RealEslalc (ReCulation dd Delelopneno Ad 2016 (hereinafter refened to as "the said Acf,) and rhe Rul6 od Regulalions made lhereunderi AND WHERE {S the luthenticated copies of Cenificate of Title issued by rhe aitomey at lrw or adlocale of th€ ?rcnoler, authenticat€d copics of Property card or cxt acr ol Village lorms VI ed VII od Xlt or ant other rcleldi revenue rcord showjng the nature of lhe titlc of lhe Promorer to ihe prcject lmd on which ihe Apannents de conslructed or are ro be conshucled have been annexed heldo od mdked as Amexuc 'A .nd B, respcclively. " \ l-.- $t'y::- ",M / AND WHEREAS lhe authcnlicated coPies of lhe Plms of tho Lavoul as rpprovcd bv lhe concemed Local Authorily havo b€en mexed horcto md nlrked as mexure C I . AND WHEREAS the authenlicat€d copies of lh€ Plms of lho Laloul .s Proposcd bv the Pronoler add lccording to which thc const uctiod oflnc buildings nnd open sPaces .re proposed lo be provided for on fie said projd hale becn annexed herelo and narked as AND WHEREAS lho aulh€nlic.ted copies of tl€ plans md specific.tions of the Apanment ageed to bc purchas€d by ihe Allottee, as sanctioned and .pProlcd bt lhe local .uthority have been enexed and nek€d 6 AnncxDre D AND \I|EEREAS thc Pronoler bd gol some of lhe aPprovals from the conc*ned loc.l auihorilyG) lo thepl.ns, the spccifications. elevalions, sections and oflhe said buildingt md shallobtain the balaDc€ approvah fron various allhorities from line io t1ne, so as lo obtainBuildingCompl€lionCe.tillcateorOccuPancyCcrrincateofthesaidBuilding AND WHERE^S while sanctioning the said plans co.cemed locll aulhoriry andror Govenn€nl has laid do$n cerllin tems. condnions. stipllalions and resriclio.s rhich are lo bc obsen€d lnd peformed by lbe Promolor while deleloping llic projccl lrnd ltd lhe said building and upon due obsoroce aid p*fomance of rYhich onl) rhe complction or occupmcy ccrlificate in €spect ofthe said blildine/s shall be sonrcd bv the codcemed local o$onty. AND WHEREAS the Promoter b.s ac@rdingly connenced construclion of llic said buildine/s in accorddce wiln lhe said poposed pla.s AND WHEREAS theAlloficelras applied 10 thc Pronroter forallotmenl ofan ApanrncDl No.,,.,..,.. on........0oorin wing-si$aled in thebuildingNo. .. being constructed phaseofrhe eid ?rcjed, AND WHEREAS the camet uea of thc said Apannenl is "clrpel arca ' neans lhe net usabl. noor are! of an aparlneni, excludine the area cor*cd by rhe qlenal walh, areas undd seflicos shafts, exchsivc balcon! apPoncnanl to llre said Apanm€nt fo. exclusive use ofthe Alloftee or venndah aEa and exchsilc open termce aea appurtenanl to fie said Atarhent for €xcltsive use of thc All.nee. bol includes the dea coverod by lhe inted.l partition valh ol fie apartmenl AND WllEREAs, lhe Panics r€lying on lhc confiullio.s. !{resentalions and a$urmces of each olhcr lo faitbfully abid. by aU the tems, conditions.nd slipulations conrained in this Agrccment and .11 applicable laws, ae now wiUing lo entq i.lo dris Agreement on lhe lems dd condilions appeding hereinanerr a\\- G'- ^ I \ ,! ^r/ AND WHERIjAS, prior io the execution of ihesc presents rhe Auonee hs paid to ihe lromot* a suni of Rs-....,.,,..,.,.,..... (Rupe6 ,..,.,..,,.........) o.ly, bcing ldl paym€rr of the sale consid€ration of the Aparrmen! agreed to be sold by the promoier to lhe Altoft€e a advance p ay'n cn L or Applicaiion lee (rhe paymenr od receipl wh ereo f the pronoter borh nereb)r admil .Dd acknowledge) and lhc Alloltee has agr*d lo ply to lhe pronoter the bnlmcc ofthe sale considention in thc 6ame. hereinaftor appeding. AND WIIEREAS. the Pronoter h.s registered rhe Prcjecr u.der lhe provisions of the l{eal Estate (Reeuiarion & Redevelopnol) Acl, 2016 sm the Real Estate Regulaiory AND WHEREAS. under section 13 ofthe said Act the ?rotuot€r is requireo ro ex€cue a for sale of said Apanment wilh the Altotiee, being in fact th€se register said Aereencnt under the Rcgist .tion cl. 1908. ln a(ordance with the renns and condirions s€l our in this Alreenent dd .s nurudllv ag,e(l 'pon b\ uod be$ccn rt'< Pan cq. rhe pronorcr he,eay derees ro se dd rh; Ailouee lrdeby agr€es to purchase the (Apartmenr?loo md the garagdcovered NOW TIIEREI'OR, TIIIS AGREEMENT MTNESSETH AND IT IS HEREBY CREED BY AND BETWEEN TI.IE PARTIES FIERETO AS FOLLOWS: L The Promoler shallconstrucr thc said buitding/s consisting of......._....,... basenenl md gro.d .r.lr. ... ....... podih.. a1d ,....... unper noor. 01 rhe proF.r Lnd rr o, Jl arrl ori )'rorf rimc o rime. Providedrhal thc fromoter sh.llhave lo obrainprior consent in Miring of the Altonce in rcspecl ofladadons or modificalions whicb 6!y adversely alIed th;Apa,rmenr ofthe except any alleration oi lddition rcquired by any covemment aurhorities ordue ^llott€e La (i) 'lhe Alloftee herebt agr€es lo puchasc frod thc pronorer dd rhe pronorer agrees 1o Nlt to the Altofiee Aparincnt No. '-.--...... of the type ,.,..,,....... of d€a ..-'..-_.__.. sq. neres on ............ noor in lhe building ,add€asunng q.ng rh(e.mitr rerened o qs ihe Aocment , (hoq ar in lhe Ftoor pt; thfeof herelo annexed tud marked Amexures c_ I and c_2 . i- ,r," -*id*"i"" . .. .. . in-t' ding Rs. . ... .. .... . berne rhe propor ionak prcc ot rhe commor"fr.. ored ?r d -a.I c dpo rmani ro | ( pemne,. rhe .d\re. e\re rd dcs.nprioi ot he urd facilitis wbich ee mor€ padicularly described in_rhe Second c llU-'\' L r-' ,M ^r^)1.----' Schedule amexed heresith. (hepice ofthe Apanncnt including tbe proponional€ pnce of rhe comnod a.es and facilili$ and parking spaces should be showD sePrilelt) (ii) The Allollee h*eby aerees lo purchase iiom the Promorer and dre lrcholer hercb) agr€es to sell to the Alloitcc gdage be&ing Nos situar€d at Bls.mcnt and/or slilt dd /or jodiun being constructed in lhe l.youl ibr lhc Rr. (iii) The.4llonee heebt asees ro purchase frcn the Promorer and the agees to sell to the Allonee covered pa*ing spaces beding Nos _ Basemont od/or stilt and /o. __- lodiun being constrlcted l(b) The rolal aggregate for rhe cpcntuen( inch'ding edaees/cov€red Parking spaces r(c) Tne ALLolree haq paid on or before execution of lhis agreenrenl . sun of onlt) (not excccding l0% of the consid*alion) a3 advance paynent of applicatio. fee and he.eby agrccs to pa) to ?romoter lhe balance amount ol Rs ) in lhe followinc mans: i. Amod of Rr........f(........) (nor exceeding 30% ofthclolal considemtion) lo be p!id lo lhc Pro mol€r aner lhe execution o f A gr€eme.l ii. Amosl ofRs.......r(..........) (nol exc€edine 45% of the lolal consid*ation) to be paid to the tronoter on co'npletion oflhe Plinth of tho building or Ning iishich lhe said iii. Amounl ofRr......r(...........) (nor ex@cding 70% ofthe lotalconsidcration) to be P.id to the Pronoter on completion oflhedabs including podiuns md stills oflhe buildiig or wing in which dre saidAp.nnenlis localcd. i!. Amobl of Rs......./-(........ ....) (not exceeding ?s% ofrh€ rolal considcntion) to be paid to rhe Proboter on complclion of the rv.lls, iolemal plaster, ltoornrgs doo$ and vindows ofthe said Aprtdent. v. Anount ofRs.........r (...........) (not exceeding 80% of the total consideralion) ro be paid lo rhe Ponoler on compleiion of the Sanit.ry fillings, staircases, lil{ells, lobbics uplo lhc floor l€vel of the s.id Apanm e nt. vi. Anount ofPs......f(.....) ( nor €xceeding 85% oftnc rotal considemrion) 1o bc psid ro lhe Pronorer on conplelion ofthe *t€mal plunbine and exlemal pl.sler, clcv ion, leftlces sith war€r?roofidg, of thc building or lving in whicn dre said Apdn enl is vii. Anount ofRs......./ (...........) (nor exceeding95% oflhe rotal consid*arion) ro be paid to lhe Promote. on complelion of lhe lills, waler pumF, electric.l fixings. clcclro, necb.nical od cnvnonm€nt requirenents, ontrmce lobby/s, plinlh prolcclion. p.ving ol a l\ r\' r"4f+ areas lppfrarn and all other rcquired€nh as may be prescrjbed in rhe Agreenert ofsale ofthebuilding orwinginwhich rh€ said Ap.rtnent is located. viii. B.lance-\mounr of Rs.....r(........_...) agajnsr dd at lhe tibe of handing over of the possession oflhe ,{pannot to tbc Atlorlee on or aner r€ceipt of occupancy;enificfie or I(l) Trc'tordl Pficc.bove excludos Td€s (consisring or tax paid or payable by the Prmorcr by *ay of vahe Ts. senicc Ts, md Cess or any orh; sihilar'raxes *hich nay bc lcvied, in connecrion ^ddcd wirh the constocrion ofmd carrying oui thc prcject patrble by the homotet up ro rhe dar€ of handing orer the po$c$ion of'the l(e) Tne Toral Pricc is escalarion-ftee. save sd excepr scalationvircreses, duo to incrcase on account of development charge payable to rhc conpeienl auihodry d(Vor rr .'l,. ... e#. n (hdse" $hi!n rsr bc levied or inpo.ed b) hc conperelr ;urholry I o(ir uodl {'o\cancnt tror. I nr lo time -hc proTorcr un.e'late. and agFe. rhdr while nGing r deinand on rhe for increse in dclelopnenr charges; cosl. or lerics inposed by the compctenl^llouee authoriries erc., ihe ltonoter shall ercl;F fie sai.l .olification/ordc rule/rcgulation lublished,/i$ucd in thar behalfro rhar cltecl dlong with lhe demand lener being hsued ro rhe llorlee, which shall only be appticable on I ( l) Thc ltonDts nay allor, in its sole discretion, a @bare for erly paymenrs of equal innallment payablc by rbe llotree by discounting such eety payme.is @ _ % pq dn rn lbr^rhc oc od by \t-r, r\c repe!nc insrc renr tc U*n pep*a nre r'^r..ion r. "lloNrc reode d'd .u!n rdre or reba,c .ha mr oe rojeo ro m1 iclisio *iihdr.$al, once granted ro anAllonee by rhe pronorer. 1(d The Promoler shall connrnr rhc ltn.lcarpel rea lhat ha been aloned ro ihe Allohee aricr rhe mNtrucion ofiheBuitding iscomplele and the occupancy cenificale is g.mrcd by thecompele authoriry, by funishing debils of the changes. ifan, in the cartt dea, \rl'.^ tu a.,r'ion aDot rhree pcr\enr. Lc lout pr.e parabk tor he !trper aea \hd'i bc .oor collun ati.lby fie p omole,. ||Lhere r.uyreJu.rioi in the carper '\..1!.riahd area $ithin fie dcined linit lhen ?romore. shau .efund the exc*s mon€y paid by Allonccwirhin fony-fiv€ days $,irh enual inierest at rle rate ipecificdinue Rulis, fron l5c dJk rltr .u- ai crces drounr $a\ pa.d bJ rhe Altone.. t, rne,. . .n<,.,,e .n -y o ted to A onee.lhe p onorer.hd cemmd addrlionat dhoult ,.om lhe \llolle(.. per rhc ncrr frikrole ot tlc Dqyment pjd. A r\e)e nolc ary adjushen6 the samc rare per rqure re.s a. agrced rr Cl-u.e t(dl or h: _'l',-he Alhr ( 4rforiz$ rt-e prohore- o Jqustapprop,iare a., payrcnh madc b] r'i h( L-d.r d-r feddCrofdu(s aeainq lawutou$unding..fd). in hi. her n"ne s h4-rr $e ?romoter may in its sole discrelion dem fit md lh€ Alloftee underlak€s not to obj€crdemud/dn€ci the Promoter 10 adjusl his paymenls D my mdner. Nole: Each of lhe installments mention€d in the sub claus€ (ii) and (iii) shall be funber subdivided into muhiple installnenls linked lo nunber of bas€n€nttpodnmnloo$ in cas€ of nulrisioded buildine /sing. 2-l The ?romoter bereby ag.*s to obseNe, perfom.nd conply $ith !11 fie tems. coditions, stipulations dd r€s$ictions if any, which may have been imposed by lle concmed local authority at the time of sdclioding the slid plads or lhereaner and shall, before handing o!€r possession of tbe Apanmenl to tb€ Allottee. obkin liom lh€ concom€d local aulhority occupancy and/or complelion cenificates in rcspecr of the 2,2 Tlme is ossoce forthePrcmoler d wellas theAllonec, Tnc Promolcr shall abidc bt the line schedule fo. conpleting lhe project and !.nding orer fie lApldmentrloll 1o $e Allohee md the comon a!*s to lhe association of Ihe .llouees dier receiving lbe occupadcy certilicate or the complelion ccrtificalc orborh, as thccasc niay be. Snrila y. the Alloree shall nake timely paynents of the insllllnent od othcr ducs payablc b) hinr/her tud neeting tbe olhe. obligatiods udder the Agreemenl subieci lo rhe simullaneous compl€lion of construclion by the Pronoter as pmlid€d in clause lG) he.ein above. ("Paynent Plan ). 3, Thc Promotd hcreby dcclarcs that lh. Floo. Space Index available as on date in res!€ct ofrhe projecl land h ..................... squde netes only 6d Pionoler hs phined to ulilie lloor Space Index of by arailing ofTDR or FSI avrihble on palnenl of preniuns or rsl a!.ihble .s incddle ISI by inplem€nting larious scl,cme as mentioned in th€ Delelopment Control Regulation or b.sed on expecr.rion ofincrelsed lsl which may be avail.ble in tut!rc on modificatio. io Developmenl control Regulations, wbich de .pplic.ble lo the said Project. Thc ?romol* has disclosed lhe i. p-oposed b be Nli7e. or hin on lroir ldd.0 rt. said Proj€ct dd Allottec hN aereod to purcbase lhe said Aparhrenl 'he based on fie prcposed codstruclion and sale ol apanmenls to be cmied oul by tle Prcmoter by utilizing the proposed FSI and or lhe unde tdding th.l lhe declared proposcd FSI shall belong 10 P.onoter only. 4.1 lfthe Promorer faih io abid€ by th€ tine schedule for conpleting $c prcjccr and hdding over the [Apadment/Plo1] to the ,^lloftee, the Promoler agees 1o pny to lhc Allottee, who does not iniend ro eithdnw ftom th€ projecl, inlerest as specil'jed in lhe Rulo, on all the anou.ls paid by the Allottee, fo. elery noolh ofdelay- riLl lhc handiDe over of the pose$ion. The Allollee lgrees to pay to thc Promoler, inter.st.s speciljed in th€ Rul€, on all the del.yed paynent which bccomc duc and payable by the Alloltee to I ^-1* 1, \' M"