1




ZONE	
  No.	
  	
           	
       	
              :	
  	
  	
  	
  
GOVT.	
  Rate	
  	
  	
  RS.	
  	
   	
              :-­‐	
  	
             	
               /-­‐	
  
GOVT.	
  VALUATION	
  Rs.	
   	
                     :-­‐	
  	
             	
               /-­‐	
     	
  
CONSIDERATION	
  Rs.	
  	
   	
                      :-­‐	
  	
             	
               /-­‐	
  
STAMP	
  RS.	
              	
       	
              :-­‐	
  	
  	
         	
               /-­‐	
  
REGISTRATION	
  FEES	
  RS.	
  	
                    :-­‐	
  	
  	
  	
     	
               /-­‐	
  
                                                                	
  
                                                                	
  
                                                    AGREEMENT	
  OF	
  SALE	
  
THIS	
  AGREEMENT	
  OF	
  SALE	
  of	
  Constructed	
  area	
  made	
  and	
  executed	
  on	
  this	
  ____	
  day	
  of	
  
____,	
  in	
  the	
  year	
  Two	
  Thousand	
  Seventeen	
  at	
  _____________.	
  	
  
	
  
	
  
                                                        BETWEEN	
  
            Shree	
  Krishna	
  Constructions,	
  A	
  Partnership	
  firm,	
  having	
  its	
  registered	
  office	
  at	
  –	
  
Unit	
  No	
  1,	
  Lal	
  Sai	
  Society,	
  Development	
  Area,	
  Deolali	
  Camp,	
  Nashik	
  (PAN-­‐	
  ABSFS7814H)	
  
represented	
  by	
  through	
  its	
  Partner	
  Mr.	
  Shrichand	
  Nagdev	
  ,	
  Age.	
  66	
  Years,	
  Occ.	
  Business,	
  
resident	
  of	
  Deolali	
  Camp	
  Nashik	
  

             	
  

           Hereinafter	
  referred	
  to	
  as	
  the	
  “	
  PROMOTERS	
  ”	
  [which	
  expression	
  shall	
  unless	
  it	
  
be	
   repugnant	
   to	
   the	
   context	
   or	
   meaning	
   thereof	
   be	
   deemed	
   to	
   mean	
   and	
   include	
   its	
  
present	
   Partners	
   for	
   the	
   time	
   being	
   and	
   from	
   time	
   to	
   time	
   their	
   successor	
   or	
   successors	
  
and	
  heirs,	
  executors	
  and	
  	
  administrators	
  of	
  the	
  last	
  surviving	
  Partners]	
  of	
  the	
  ONE	
  PART;	
  	
  

	
  
                                                   AND	
  	
  
                                                         	
  
             Mr.	
  Shrichand	
  Gordhandas	
  Nagdev	
  

             Age:	
  66	
  Years.	
  	
   Occ:	
  Business	
  

             R/o:	
  1,	
  Lalsai	
  Society,	
  Development	
  Area	
  

             Deolali	
  Camp,	
  Tal	
  &	
  Dist	
  Nashik	
  

             	
  

Hereinafter	
   referred	
   to	
   as	
   the	
   “Co-­‐promoter”	
   (which	
   expression	
   shall,	
   unless	
   it	
   be	
  
repugnant	
  to	
  the	
  context	
  or	
  meaning	
  thereof,	
  be	
  deemed	
  to	
  mean	
  and	
  include	
  his	
  heirs,	
  
executors,	
  administrators	
  and	
  assigns)	
  of	
  the	
  SECOND	
  PART	
  

                                                                                     	
  
                                                                                   AND	
  
	
  
Mr./Miss/Mrs.	
  
Age:	
  __	
  Years	
  Occupation:	
  _______	
  
PAN:	
  ____________________	
  
R/o:	
  _____________________	
  
	
  




	
  
                                                                                	
  
                                                                               2




            Hereinafter	
  referred	
  to	
  as	
  the	
  	
   ALLOTTEE/S	
  [	
  which	
  expression	
  shall,	
  unless	
  it	
  be	
  
repugnant	
   to	
   the	
   context	
   or	
   meaning	
   thereof,	
   mean	
   and	
   include	
   his/	
   her	
   /their	
   heirs,	
  
legal	
  representatives,	
  executors	
  and	
  administrators,	
  assigns	
  ]	
  of	
  the	
  Third	
  PART.	
  

	
  

       The	
   Co-­‐Promoter	
   is	
   the	
   absolute	
   owner	
   of	
   the	
   property	
   bearing	
   Plot	
   No	
   1	
  
admeasuring	
   	
   	
   	
   	
   	
   Sq	
   Mtrs	
   from	
   and	
   out	
   of	
   S	
   No	
   308/A/2/1	
   lying	
   and	
   being	
   at	
   Village	
  
Pathardi	
  and	
  particularly	
  described	
  in	
  the	
  	
  schedule	
  I	
  (	
  hereinafter	
  referred	
  to	
  as	
  the	
  said	
  
property)	
   and	
   the	
   title	
   of	
   the	
   Co-­‐Promoter	
   to	
   the	
   said	
   property	
   is	
   free,	
   clear	
   and	
  
marketable	
  and	
  free	
  from	
  encumbrances.	
  	
  

2)	
   The	
   Co-­‐Promoter	
   purchased	
   the	
   said	
   property	
   from	
   Mrs.                                                       Mohini
Shamundar Jagtap registered at sr. no. 8623 on 17.12.2009.	
  	
  

3)	
   The	
   said	
   property	
   is	
   from	
   and	
   out	
   of	
   larger	
   land	
   for	
   which	
   non-­‐agricultural	
  
permission	
  is	
  issued	
  by	
  Upper Tahsildar N.A/SR/ 41/2002 dtd. 27.9.2004.	
  

4)	
        The	
  said	
  property	
  is	
  from	
  and	
  out	
  of	
  larger	
  land	
  for	
  which	
  layout	
  is	
  sanctioned	
  
by	
   Asst.	
   Director	
   Town	
   Planning	
   Nashik	
   Municipal	
   Corporation	
   vide	
   order	
   No.	
   Nagar	
  
Rachana	
  Vibhag/	
  Final	
  	
  /	
  	
  B-­‐4/41	
  dtd.	
  15.9.2003	
  

5)	
   	
    The	
   Promoters	
   and	
   the	
   Co-­‐Promoter	
   decided	
   to	
   develop	
   the	
   said	
   property	
  
jointly	
   and	
   upon	
   settlement	
   of	
   the	
   terms	
   and	
   conditions	
   executed	
   a	
   development	
  
agreement	
  for	
  Joint	
  Venture	
  duly	
  registered	
  at	
  sr. no. 10300 on 6.10.2012.	
  	
  	
  	
  	
  in	
  
the	
   office	
   of	
   the	
   Sub	
   Registrar	
   Nashik	
   	
   and	
   the	
   necessary	
   stamp	
   duty	
   and	
   registration	
  
charges	
  are	
  paid	
  for	
  the	
  said	
  agreement.	
  

6)	
  	
            The	
  promoters	
  also	
  purchased	
  additional	
  FSI	
  for	
  the	
  construction	
  of	
  the	
  building	
  
on	
  the	
  said	
  property	
  under	
  a	
  TDR	
  Sale	
  deed	
  from	
  M/s	
  Happy	
  Homes	
  Developers	
  and	
  the	
  
said	
  sale	
  deed	
  is	
  duly	
  registered	
  at	
  Sr.	
  No.	
  9658	
  on	
  20.11.2012.	
  The	
  said	
  TDR	
  purchased	
  
is	
   of	
   D	
   zone	
   measuring	
   	
   169	
   	
   Sq.	
   Mtrs.	
   under	
   the	
   Development	
   Right	
   Certificate	
   no.	
  	
  	
  	
  	
  
dtd.12/11/2012	
  out	
  of	
  S.	
  no.	
  324/2A/1+324/2A/2+324/2B/46	
  of	
  village	
  Pathardi	
  issued	
  
by	
  Nashik	
  Municipal	
  Corporation.	
  .	
  	
  

7)	
   The	
   Promoters	
   have	
   developed	
   the	
   said	
   property	
   particularly	
   described	
   in	
   the	
  
Schedule	
  I	
  along	
  with	
  the	
  TDR	
  as	
  purchased.	
  

8)	
  	
   By	
   Virtue	
   of	
   the	
   aforesaid	
   Development	
   Agreement	
   for	
   Joint	
   venture	
   with	
   the	
  
Co-­‐Promoter,	
   the	
   Promoters	
   have	
   received	
   the	
   rights	
   of	
   development	
   of	
   the	
   said	
  
property	
  for	
  constructing	
  the	
  building	
  for	
  residential	
  use	
  	
  

9)	
          The	
   Promoters	
   are	
   constructing	
   residential	
   building	
   upon	
   the	
   said	
   property	
   to	
  
be	
  sold	
  in	
  the	
  open	
  market	
  which	
  building	
  shall	
  be	
  multi	
  storied	
  comprising	
  of	
  Ground	
  
floor	
   parking	
   and	
   4	
   upper	
   floors	
   and	
   the	
   said	
   project	
   shall	
   be	
   named	
   as	
   KRISHNA	
  
HEIGHTS	
  	
  

10)	
   The	
   Promoters	
   have	
   appointed	
   Mr.	
   Vijay	
   Sanap	
   Architect	
   and	
   Structural	
  
Engineer	
  and	
  have	
  entered	
  into	
  standard	
  agreement.	
  




	
  
                                                                       	
  
                                                                      3




	
  

11)	
                      The	
  Promoters	
  and	
  the	
  Co-­‐Promoter	
  submitted	
  the	
  plans	
  for	
  construction	
  of	
  the	
  
buildings	
   and	
   the	
   town	
   planning	
   department	
   of	
   Nashik	
   Municipal	
   Corporation	
   Nashik	
  
has	
  issued	
  Building	
  Permit	
  and	
  Commencement	
  Certificate	
  bearing	
  no.	
  LND/BP/	
  CD/	
  	
  /	
  	
  	
  
/	
  	
  	
  	
  	
  dtd.	
  	
  .	
  	
  .	
  	
  	
  	
  .	
  	
  

12)	
       The	
   Promoters	
   and	
   the	
   Co-­‐Promoter	
   	
   have	
   caused	
   construction	
   and	
   if	
   necessary	
  
shall	
   obtain	
   renewal	
   of	
   sanction	
   issued	
   by	
   NMC	
   for	
   completing	
   the	
   development	
   of	
   said	
  
property	
   as	
   decided	
   between	
   the	
   Promoters	
   and	
   Co-­‐Promoter	
   and	
   also	
   observe	
   the	
  
terms	
  and	
  conditions	
  as	
  contained	
  in	
  the	
  said	
  sanction.	
  	
  

13)	
         Registration	
   of	
   project	
   under	
   Real	
   Estate	
   [Regulation	
   &	
   Development]	
   Act,	
   2016	
  
has	
   been	
   done	
   and	
   registration	
   number	
   ________________	
   has	
   been	
   granted	
   to	
   the	
  
present	
   project	
   on	
   ___________	
   and	
   copy	
   of	
   the	
   said	
   approval	
   is	
   attached	
   along	
   with	
  
present	
   agreement	
   for	
   sale.	
   As	
   per	
   the	
   declaration	
   on	
   the	
   said	
   approval,	
   Promoters	
   and	
  
Co	
   Promoter	
   have	
   agreed	
   to	
   give	
   possession	
   of	
   the	
   premise	
   until	
   ___________	
   and	
   in	
  
case	
  of	
  force	
  majeure	
  until	
  ___________	
  and	
  shall	
  abide	
  by	
  the	
  same	
  along	
  with	
  every	
  
other	
  condition	
  mentioned	
  therein.	
  

14]	
   The	
   Promoters	
   and	
   the	
   Co-­‐Promoter	
   are	
   fully	
   competent	
   to	
   enter	
   into	
   this	
  
Agreement	
  and	
  all	
  the	
  legal	
  formalities	
  with	
  respect	
  to	
  the	
  right,	
  title	
  and	
  interest	
  of	
  the	
  
Promoters	
   and	
   the	
   Co-­‐Promoter	
   	
   regarding	
   the	
   Said	
   Land	
   on	
   which	
   Project	
   is	
   to	
   be	
  
constructed	
  have	
  been	
  completed.	
  

15]	
      The	
   Allottee	
   had	
   applied	
   for	
   a	
   Flat	
   	
   in	
   the	
   Project	
   vide	
   application	
   no.	
  
___________	
   dated	
   __________	
   and	
   has	
   been	
   allotted	
   flat	
   no.	
   ___________	
   having	
  
carpet	
  area	
  of	
  ______	
  square	
  feet	
  i.e	
  _________	
  Sq.	
  Mtrs,	
  type	
  ________,	
  on	
  ____	
  floor	
  
in	
  Krishna	
  Pride	
  (“Building”)	
  along	
  with	
  share	
  of	
  __________	
  Sq.	
  Ft	
  __________Sq	
  Mtrs	
  
in	
  common	
  areas	
  and	
  facilities.	
  	
  

16]	
   	
  The	
   Parties	
   have	
   gone	
   through	
   all	
   the	
   terms	
   and	
   conditions	
   set	
   out	
   in	
   this	
  
Agreement	
  and	
  understood	
  the	
  mutual	
  rights	
  and	
  obligations	
  detailed	
  herein;	
  

17]	
   The	
   Parties	
   hereby	
   confirm	
   that	
   they	
   are	
   signing	
   this	
   Agreement	
   with	
   full	
  
knowledge	
  of	
  all	
  the	
  laws,	
  rules,	
  regulations,	
  notifications,	
  etc.,	
  applicable	
  to	
  the	
  Project;	
  	
  

18]	
      The	
   Parties,	
   relying	
   on	
   the	
   confirmations,	
   representations	
   and	
   assurances	
   of	
  
each	
  other	
  to	
  faithfully	
  abide	
  by	
  all	
  the	
  terms,	
  conditions	
  and	
  stipulations	
  contained	
  in	
  
this	
  Agreement	
  and	
  all	
  applicable	
  laws,	
  are	
  now	
  willing	
  to	
  enter	
  into	
  this	
  Agreement	
  on	
  
the	
  terms	
  and	
  conditions	
  appearing	
  hereinafter;	
  

19]	
       In	
   accordance	
   with	
   the	
   terms	
   and	
   conditions	
   set	
   out	
   in	
   this	
   Agreement	
   and	
   as	
  
mutually	
  agreed	
  upon	
  by	
  and	
  between	
  the	
  Parties,	
  the	
  Promoter	
   &	
  Co-­‐Promoter	
  hereby	
  
agrees	
   to	
   sell	
   and	
   the	
   Allottee	
   hereby	
   agrees	
   to	
   purchase	
   the	
   premises	
   described	
   in	
  
Schedule	
   II	
   and	
   the	
   garage/closed	
   parking	
   (if	
   applicable)	
   as	
   specified	
   above	
   and	
   in	
  
Schedule	
  II.	
  

	
  

	
  

	
  




	
  
                                                                         	
  
                                                                        4




	
  

20]	
      The	
   Allottee/s	
   demanded	
   from	
   the	
   Promoters	
   and	
   the	
   Promoters	
   has	
   given	
   of	
  
inspection	
   of	
   all	
   the	
   documents	
   as	
   to	
   title	
   relating	
   to	
   the	
   said	
   property	
   and	
   the	
  
inspection	
   of	
   the	
   development	
   agreement	
   for	
   joint	
   venture	
   and	
   along	
   with	
   all	
   other	
  
related	
  documents	
  including	
  approved	
  plans,	
  NA	
  Permission,	
  Title	
  Certificate	
  as	
  required	
  
under	
   the	
   relevant	
   provisions	
   of	
   Maharashtra	
   Ownership	
   of	
   Flat	
   (Regulation	
   of	
  
Promotion	
  of	
  Construction,	
  Sale	
  and	
  Management	
  And	
  Transfer)	
  Act	
  1963	
  along	
  with	
  the	
  
Maharashtra	
  Flat	
  Ownership	
  Act	
  1970	
  and	
  the	
  rules	
  made	
  thereunder,	
  	
  

21]	
           The	
   Allottee/s	
   on	
   inspection	
   of	
   the	
   said	
   documents	
   is	
   fully	
   satisfied	
   about	
   the	
  
title	
  of	
  the	
  Co-­‐Promoter	
  to	
  the	
  said	
  property	
  and	
  the	
  rights	
  of	
  the	
  Promoters	
  to	
  develop	
  
the	
  said	
  property	
  and	
  construct	
  the	
  building.	
  	
  

22)	
       	
  The	
  Allottee	
  has	
  accepted	
  and	
  agreed	
  all	
  the	
  terms	
  conditions	
  as	
  mentioned	
  in	
  
this	
   agreement	
   and	
   the	
   Allottee	
   assured	
   and	
   assures	
   the	
   Promoters	
   and	
   the	
   Co-­‐
Promoter	
   that	
   the	
   Allottee	
   shall	
   not	
   raise	
   objection	
   with	
   respect	
   to	
   the	
   consent	
  
recorded	
   in	
   this	
   agreement	
   and	
   shall	
   not	
   obstruct	
   or	
   cause	
   obstruction	
   for	
   the	
  
completion	
  of	
  the	
  project.	
  

23)	
  	
   The	
   Promoters	
   and	
   also	
   the	
   Co-­‐Promoter	
   are	
   entering	
   into	
   agreement	
   of	
   like	
  
nature	
   for	
   the	
   sale	
   thereof	
   upon	
   the	
   same	
   terms	
   conditions	
   and	
   restrictions	
   as	
  
contained	
  herein.	
  

24)	
       The	
   Allottee,	
   Promoters	
   and	
   the	
   Co-­‐Promoter	
   are	
   executing	
   this	
   agreement	
   and	
  
submitting	
   the	
   same	
   for	
   registration	
   and	
   the	
   Allottee	
   has	
   incurred	
   all	
   the	
   expenses	
  
related	
   of	
   this	
   agreement	
   including	
   stamp	
   duty,	
   registration	
   fees	
   and	
   other	
   charges	
   as	
  
agreed.	
  

NOW	
   THEREFORE	
   THIS	
   AGREEMENT	
   IS	
   WITNESSTH	
   AND	
   IT	
   IS	
   HEREBY	
   AGREED	
   BY	
   AND	
  
BETWEEN	
  THE	
  PARTIES	
  THAT:	
  	
  

1.	
  TERMS:	
  	
  

1.1	
  Subject	
  to	
  the	
  terms	
  and	
  conditions	
  as	
  detailed	
  in	
  this	
  Agreement,	
  the	
  Promoter	
  &	
  
Co	
  Promoter	
  agrees	
  to	
  sell	
  to	
  the	
  Allottee	
  and	
  the	
  Allottee	
  hereby	
  agrees	
  to	
  purchase,	
  
the	
  flat	
  as	
  specified	
  in	
  Schedule	
  II;	
  	
  

             The	
   Total	
   Price	
   for	
   the	
   flat	
   based	
   on	
   the	
   carpet	
   area	
   is	
   Rs.	
  
__________________________	
   (Rupees	
   _______________________	
   only	
   ("Total	
  
Price")	
   (Give	
   break	
   up	
   and	
   description):	
   Block/Building/Tower	
   no.	
   ___	
   Apartment	
   no.	
  
___________	
   Type	
   ________	
   Floor	
   ________	
   Rate	
   of	
   Apartment	
   per	
   square	
   feet*	
  
*Provide	
   break	
   up	
   of	
   the	
   amounts	
   such	
   as	
   cost	
   of	
   apartment,	
   proportionate	
   cost	
   of	
  
common	
   areas,	
   preferential	
   location	
   charges,	
   taxes	
   etc.	
   along	
   with	
   garage/covered	
  
parking	
  space.	
  	
  

              	
  

	
  (i)	
   The	
   Total	
   Price	
   above	
   includes	
   the	
   booking	
   amount	
   paid	
   by	
   the	
   allottee	
   to	
   the	
  
Promoter	
  &	
  Co	
  Promoter	
  towards	
  the	
  flat;	
  	
  




	
  
                                                                             	
  
                                                                            5




(ii)	
   The	
   Total	
   Price	
   above	
   excludes	
   Taxes	
   (consisting	
   of	
   tax	
   paid	
   or	
   payable	
   by	
   the	
  
Promoter	
   &	
   Co	
   Promoter	
   by	
   way	
   of	
   GST/	
   Value	
   Added	
   Tax,	
   Service	
   Tax,	
   and	
   Cess	
   or	
   any	
  
other	
   similar	
   taxes	
   which	
   may	
   be	
   levied,	
   in	
   connection	
   with	
   the	
   construction	
   of	
   the	
  
Project	
   payable	
   by	
   the	
   Promoter	
   &	
   Co	
   Promoter)	
   up	
   to	
   the	
   date	
   of	
   handing	
   over	
   the	
  
possession	
   of	
   the	
   [Apartment/Plot]:	
   Provided	
   that	
   in	
   case	
   there	
   is	
   any	
   change	
   /	
  
modification	
   in	
   the	
   taxes,	
   the	
   subsequent	
   amount	
   payable	
   by	
   the	
   allottee	
   to	
   the	
  
Promoter	
   &	
   Co	
   Promoter	
   shall	
   be	
   increased/reduced	
   based	
   on	
   such	
   change	
   /	
  
modification;	
  	
  

(iii)	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   shall	
   periodically	
   intimate	
   to	
   the	
   Allottee,	
   the	
   amount	
  
payable	
   as	
   stated	
   in	
   (i)	
   above	
   and	
   the	
   Allottee	
   shall	
   make	
   payment	
   within	
   30	
   (thirty)	
  
days	
   from	
   the	
   date	
   of	
   such	
   written	
   intimation.	
   In	
   addition,	
   the	
  Promoter	
   &	
   Co	
   Promoter	
  
shall	
   provide	
   to	
   the	
   Allottee	
   the	
   details	
   of	
   the	
   taxes	
   paid	
   or	
   demanded	
   along	
   with	
   the	
  
acts/rules/notifications	
  together	
  with	
  dates	
  from	
  which	
  such	
  taxes/levies	
  etc.	
  have	
  been	
  
imposed	
  or	
  become	
  effective;	
  	
  

(iv)	
   The	
   Total	
   Price	
   of	
   Flat	
   	
   includes:	
   1)	
   pro	
   rata	
   share	
   in	
   the	
   Common	
   Areas;	
   and	
   2)	
  
______	
  garage(s)/closed	
  parking(s)	
  as	
  provided	
  in	
  the	
  Agreement.	
  

	
  1.3	
   The	
   Total	
   Price	
   is	
   escalation-­‐free,	
   save	
   and	
   except	
   increases	
   which	
   the	
   Allottee	
  
hereby	
   agrees	
   to	
   pay,	
   due	
   to	
   increase	
   on	
   account	
   of	
   development	
   charges	
   payable	
   to	
  
the	
  Nashik	
  Municipal	
  Corporation	
  	
  and/or	
  any	
  other	
  increase	
  in	
  charges	
  which	
  may	
  be	
  
levied	
   or	
   imposed	
   by	
   the	
   Nashik	
   Municipal	
   Corporation	
   	
   from	
   time	
   to	
   time.	
   The	
  
Promoter	
   &	
   Co	
   Promoter	
   undertakes	
   and	
   agrees	
   that	
   while	
   raising	
   a	
   demand	
   on	
   the	
  
Allottee	
  for	
  increase	
  in	
  development	
  charges,	
  cost/charges	
  imposed	
  by	
  the	
  competent	
  
authorities,	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   shall	
   enclose	
   the	
   said	
  
notification/order/rule/regulation	
   to	
   that	
   effect	
   along	
   with	
   the	
   demand	
   letter	
   being	
  
issued	
  to	
  the	
  Allottee,	
  which	
  shall	
  only	
  be	
  applicable	
  on	
  subsequent	
  payments.	
  	
  

1.4	
  The	
  Allottee(s)	
  shall	
  make	
  the	
  payment	
  as	
  per	
  the	
  payment	
  plan	
  set	
  out	
  in	
  Annexure	
  
B	
  (“Payment	
  Plan”),	
  all	
  the	
  facilities	
  to	
  be	
  provided	
  is	
  mentioned	
  in	
  Annexure	
  ‘C’.	
  

	
  1.5	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   may	
   allow,	
   in	
   its	
   sole	
   discretion,	
   a	
   rebate	
   for	
   early	
  
payments	
  of	
  installments	
  payable	
  by	
  the	
  Allottee	
  by	
  discounting	
  such	
  early	
  payments	
  @	
  
_____%	
   per	
   annum	
   for	
   the	
   period	
   by	
   which	
   the	
   respective	
   installment	
   has	
   been	
  
preponed.	
  The	
  provision	
  for	
  allowing	
  rebate	
  and	
  such	
  rate	
  of	
  rebate	
  shall	
  not	
  be	
  subject	
  
to	
   any	
   revision/withdrawal,	
   once	
   granted	
   to	
   an	
   Allottee	
   by	
   the	
   Promoter	
   &	
   Co	
  
Promoter.	
  	
  

1.6	
   It	
   is	
   agreed	
   that	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   shall	
   not	
   make	
   any	
   additions	
   and	
  
alterations	
   in	
   the	
   sanctioned	
   plans,	
   layout	
   plans	
   and	
   specifications	
   and	
   the	
   nature	
   of	
  
fixtures,	
   fittings	
   and	
   amenities	
   described	
   therein	
   in	
   respect	
   of	
   the	
   apartment,	
   plot	
   or	
  
building,	
   as	
   the	
   case	
   may	
   be,	
   without	
   the	
   previous	
   written	
   consent	
   of	
   the	
   Allottee.	
  
Provided	
   that	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   may	
   make	
   such	
   minor	
   additions	
   or	
  
alterations	
  as	
  may	
  be	
  required	
  by	
  the	
  Allottee,	
  or	
  such	
  minor	
  changes	
  or	
  alterations	
  as	
  
per	
  the	
  provisions	
  of	
  the	
  Act.	
  	
  

1.7	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   shall	
   confirm	
   the	
   final	
   carpet	
   area	
   that	
   has	
   been	
  
allotted	
   to	
   the	
   Allottee	
   after	
   the	
   construction	
   of	
   the	
   Building	
   is	
   complete	
   and	
   the	
  
occupancy	
   certificate/	
   Completion	
   certificate	
   is	
   granted	
   by	
   the	
   Nashik	
   Municipal	
  
Corporation	
   ,	
   by	
   furnishing	
   details	
   of	
   the	
   changes,	
   if	
   any,	
   in	
   the	
   carpet	
   area.	
   The	
   total	
  
price	
   payable	
   for	
   the	
   carpet	
   area	
   shall	
   be	
   recalculated	
   upon	
   confirmation	
   by	
   the	
  
Promoter	
   &	
   Co	
   Promoter.	
   If	
   there	
   is	
   any	
   reduction	
   in	
   the	
   carpet	
   area	
   within	
   the	
   defined	
  
limit	
   then	
   Promoter	
   &	
   Co	
   Promoter	
   shall	
   refund	
   the	
   excess	
   money	
   paid	
   by	
   Allottee	
  
within	
   forty-­‐five	
   days	
   with	
   annual	
   interest	
   at	
   the	
   rate	
   specified	
   in	
   the	
   Rules,	
   from	
   the	
  




	
  
                                                                             	
  
                                                                            6




date	
  when	
  such	
  an	
  excess	
  amount	
  was	
  paid	
  by	
  the	
  Allottee.	
  If	
  there	
  is	
  any	
  increase	
  in	
  
the	
   carpet	
   area	
   allotted	
   to	
   Allottee,	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   shall	
   demand	
   that	
  
from	
   the	
   Allottee	
   as	
   per	
   the	
   next	
   milestone	
   of	
   the	
   Payment	
   Plan.	
   All	
   these	
   monetary	
  
adjustments	
  shall	
  be	
  made	
  at	
  the	
  same	
  rate	
  per	
  square	
  feet	
  as	
  agreed	
  in	
  Clause	
  1.2	
  of	
  
this	
  Agreement.	
  	
  

1.8	
   Subject	
   to	
   Clause	
   9.3	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   agrees	
   and	
   acknowledges,	
   the	
  
Allottee	
  shall	
  have	
  the	
  right	
  to	
  the	
  Flat	
  	
  as	
  mentioned	
  below:	
  	
  

(i)	
  The	
  Allottee	
  shall	
  have	
  exclusive	
  ownership	
  of	
  the	
  premise	
  described	
  in	
  Schedule	
  II;	
  	
  

(ii)	
   The	
   Allottee	
   shall	
   also	
   have	
   undivided	
   proportionate	
   share	
   in	
   the	
   Common	
   Areas.	
  
Since	
  the	
  share	
  /	
  interest	
  of	
  Allottee	
  in	
  the	
  Common	
  Areas	
  is	
  undivided	
  and	
  cannot	
  be	
  
divided	
   or	
   separated,	
   the	
   Allottee	
   shall	
   use	
   the	
   Common	
   Areas	
   along	
   with	
   other	
  
occupants,	
   maintenance	
   staff	
   etc.,	
   without	
   causing	
   any	
   inconvenience	
   or	
   hindrance	
   to	
  
them.	
  Further,	
  the	
  right	
  of	
  the	
  Allottee	
  to	
  use	
  the	
  Common	
  Areas	
  shall	
  always	
  be	
  subject	
  
to	
   the	
   timely	
   payment	
   of	
   maintenance	
   charges	
   and	
   other	
   charges	
   as	
   applicable.	
   It	
   is	
  
clarified	
  that	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  shall	
  convey	
  undivided	
  proportionate	
  title	
  in	
  
the	
  common	
  areas	
  to	
  the	
  association	
  of	
  allottees	
  as	
  provided	
  in	
  the	
  Act;	
  	
  

(iii)	
   That	
   the	
   computation	
   of	
   the	
   price	
   of	
   the	
   Flat	
   	
   includes	
   recovery	
   of	
   price	
   of	
   land,	
  
construction	
   of	
   [not	
   only	
   the	
   Apartment	
   but	
   also]	
   the	
   Common	
   Areas,	
   internal	
  
development	
   charges,	
   external	
   development	
   charges,	
   taxes,	
   cost	
   of	
   providing	
   electric	
  
wiring,	
  fire	
  detection	
  and	
  firefighting	
  equipment	
  in	
  the	
  common	
  areas	
  etc.	
  and	
  includes	
  
cost	
  for	
  providing	
  all	
  other	
  facilities	
  as	
  provided	
  within	
  the	
  Project.	
  	
  

1.9	
  It	
  is	
  made	
  clear	
  by	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  and	
  the	
  Allottee	
  agrees	
  that	
  the	
  Flat	
  	
  
along	
  with	
  ____	
  shall	
  be	
  treated	
  as	
  a	
  single	
  indivisible	
  unit	
  for	
  all	
  purposes.	
  It	
  is	
  agreed	
  
that	
  the	
  Project	
  is	
  an	
  independent,	
  self-­‐contained	
  Project	
  covering	
  the	
  said	
  Land	
  and	
  is	
  
not	
   a	
   part	
   of	
   any	
   other	
   project	
   or	
   zone	
   and	
   shall	
   not	
   form	
   a	
   part	
   of	
   and/or	
  
linked/combined	
   with	
   any	
   other	
   project	
   in	
   its	
   vicinity	
   or	
   otherwise	
   except	
   for	
   the	
  
purpose	
   of	
   integration	
   of	
   infrastructure	
   for	
   the	
   benefit	
   of	
   the	
   Allottee.	
   It	
   is	
   clarified	
   that	
  
Project’s	
   facilities	
   and	
   amenities	
   shall	
   be	
   available	
   only	
   for	
   use	
   and	
   enjoyment	
   of	
   the	
  
Allottees	
  of	
  the	
  Project.	
  	
  

1.10	
   It	
   is	
   understood	
   by	
   the	
   Allottee	
   that	
   all	
   other	
   areas	
   and	
   i.e.	
   areas	
   and	
   facilities	
  
falling	
   outside	
   the	
   Project,	
   namely	
   ________________	
   shall	
   not	
   form	
   a	
   part	
   of	
   the	
  
declaration	
   to	
   be	
   filed	
   with	
   _______________	
   [Please	
   insert	
   the	
   name	
   of	
   the	
   concerned	
  
competent	
   authority]	
   to	
   be	
   filed	
   in	
   accordance	
   with	
   the	
   Real	
   Estate	
   (Regulation	
   &	
  
Development),	
  Act,	
  2016.	
  	
  

1.11	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   agrees	
   to	
   pay	
   all	
   outgoings	
   before	
   transferring	
   the	
  
physical	
   possession	
   of	
   the	
   apartment	
   to	
   the	
   Allottees,	
   which	
   it	
   has	
   collected	
   from	
   the	
  
Allottees,	
  for	
  the	
  payment	
  of	
  outgoings	
  (including	
  land	
  cost,	
  ground	
  rent,	
  municipal	
  or	
  
other	
   local	
   taxes,	
   charges	
   for	
   water	
   or	
   electricity,	
   maintenance	
   charges,	
   including	
  
mortgage	
   loan	
   and	
   interest	
   on	
   mortgages	
   or	
   other	
   encumbrances	
   and	
   such	
   other	
  
liabilities	
   payable	
   to	
   competent	
   authorities,	
   banks	
   and	
   financial	
   institutions,	
   which	
   are	
  
related	
   to	
   the	
   project).	
   If	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   fails	
   to	
   pay	
   all	
   or	
   any	
   of	
   the	
  
outgoings	
  collected	
  by	
  it	
  from	
  the	
  Allottees	
  or	
  any	
  liability,	
  mortgage	
  loan	
  and	
  interest	
  
thereon	
   before	
   transferring	
   the	
   apartment	
   to	
   the	
   Allottees,	
   the	
   Promoter	
   &	
   Co	
  
Promoter	
   agrees	
   to	
   be	
   liable,	
   even	
   after	
   the	
   transfer	
   of	
   the	
   property,	
   to	
   pay	
   such	
  
outgoings	
   and	
   penal	
   charges,	
   if	
   any,	
   to	
   the	
   authority	
   or	
   person	
   to	
   whom	
   they	
   are	
  
payable	
   and	
   be	
   liable	
   for	
   the	
   cost	
   of	
   any	
   legal	
   proceedings	
   which	
   may	
   be	
   taken	
   therefor	
  
by	
  such	
  authority	
  or	
  person.	
  	
  




	
  
                                                                        	
  
                                                                       7




1.12	
   The	
   Allottee	
   has	
   paid	
   a	
   sum	
   of	
   Rs,	
   __________________	
   (Rupees	
  
______________________________only)	
   as	
   booking	
   amount	
   being	
   part	
   payment	
  
towards	
  the	
  Total	
  Price	
  of	
  the	
  premise	
  described	
  in	
  Schedule	
  II	
  at	
  the	
  time	
  of	
  application	
  
the	
   receipt	
   of	
   which	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   hereby	
   acknowledges	
   and	
   the	
  
Allottee	
   hereby	
   agrees	
   to	
   pay	
   the	
   remaining	
   price	
   of	
   the	
   [Apartment/Plot]	
   as	
   prescribed	
  
in	
  the	
  Payment	
  Plan	
  as	
  may	
  be	
  demanded	
  by	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  within	
  the	
  
time	
  and	
  in	
  the	
  manner	
  specified	
  therein:	
  Provided	
  that	
  if	
  the	
  allottee	
  delays	
  in	
  payment	
  
towards	
  any	
  amount	
  for	
  which	
  is	
  payable,	
  he	
  shall	
  be	
  liable	
  to	
  pay	
  interest	
  at	
  the	
  rate	
  
specified	
  in	
  the	
  Rules.	
  	
  

2.	
  MODE	
  OF	
  PAYMENT	
  Subject	
  to	
  the	
  terms	
  of	
  the	
  Agreement	
  and	
  the	
  Promoter	
  &	
  Co	
  
Promoter	
  abiding	
  by	
  the	
  construction	
  milestones,	
  the	
  Allottee	
  shall	
  make	
  all	
  payments,	
  
on	
   demand	
   by	
   the	
  Promoter	
   &	
   Co	
   Promoter,	
   within	
   the	
   stipulated	
   time	
   as	
   mentioned	
   in	
  
the	
   Payment	
   Plan	
   through	
   A/	
   c	
   Payee	
   cheque/demand	
   draft	
   or	
   online	
   payment	
   (as	
  
applicable)	
   in	
   favour	
   of	
   ‘Shree	
   Krishna	
   Constructions’	
   payable	
   at	
   Nasik.	
   Said	
   payment	
  
shall	
  be	
  paid	
  as	
  per	
  timeline	
  described	
  in	
  Schedule	
  III.	
  

3.	
  COMPLIANCE	
  OF	
  LAWS	
  RELATING	
  TO	
  REMITTANCES	
  	
  

3.1	
  The	
  Allottee,	
  if	
  resident	
  outside	
  India,	
  shall	
  be	
  solely	
  responsible	
  for	
  complying	
  with	
  
the	
   necessary	
   formalities	
   as	
   laid	
   down	
   in	
   Foreign	
   Exchange	
   Management	
   Act,	
   1999,	
  
Reserve	
  Bank	
  of	
  India	
  Act	
  and	
  Rules	
  and	
  Regulations	
  made	
  thereunder	
  or	
  any	
  statutory	
  
amendment(s)	
   modification(s)	
   made	
   thereof	
   and	
   all	
   other	
   applicable	
   laws	
   including	
   that	
  
of	
  remittance	
  of	
  payment	
  acquisition/sale/transfer	
  of	
  immovable	
  properties	
  in	
  India	
  etc.	
  
and	
  provide	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  with	
  such	
  permission,	
  approvals	
  which	
  would	
  
enable	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  to	
  fulfill	
  its	
  obligations	
  under	
  this	
  Agreement.	
  Any	
  
refund,	
   transfer	
   of	
   security,	
   if	
   provided	
   in	
   terms	
   of	
   the	
   Agreement	
   shall	
   be	
   made	
   in	
  
accordance	
  with	
  the	
  provisions	
  of	
  Foreign	
  Exchange	
  Management	
  Act,	
  1999	
  or	
  statutory	
  
enactments	
   or	
   amendments	
   thereof	
   and	
   the	
   Rules	
   and	
   Regulations	
   of	
   the	
   Reserve	
   Bank	
  
of	
   India	
   or	
   any	
   other	
   applicable	
   law.	
   The	
   Allottee	
   understands	
   and	
   agrees	
   that	
   in	
   the	
  
event	
  of	
  any	
  failure	
  on	
  his/her	
  part	
  to	
  comply	
  with	
  the	
  applicable	
  guidelines	
  issued	
  by	
  
the	
   Reserve	
   Bank	
   of	
   India,	
   he/she	
   shall	
   be	
   liable	
   for	
   any	
   action	
   under	
   the	
   Foreign	
  
Exchange	
  Management	
  Act,	
  1999	
  or	
  other	
  laws	
  as	
  applicable,	
  as	
  amended	
  from	
  time	
  to	
  
time.	
  	
  

3.2	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   accepts	
   no	
   responsibility	
   in	
   this	
   regard.	
   The	
   Allottee	
  
shall	
   keep	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   fully	
   indemnified	
   and	
   harmless	
   in	
   this	
   regard.	
  
Whenever	
  there	
  is	
  any	
  change	
  in	
  the	
  residential	
  status	
  of	
  the	
  Allottee	
  subsequent	
  to	
  the	
  
signing	
  of	
  this	
  Agreement,	
  it	
  shall	
  be	
  the	
  sole	
  responsibility	
  of	
  the	
  Allottee	
  to	
  intimate	
  
the	
   same	
   in	
   writing	
   to	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   immediately	
   and	
   comply	
   with	
  
necessary	
   formalities	
   if	
   any	
   under	
   the	
   applicable	
   laws.	
   The	
   Promoter	
   &	
   Co	
   Promoter	
  
shall	
  not	
  be	
  responsible	
  towards	
  any	
  third	
  party	
  making	
  payment/remittances	
  on	
  behalf	
  
of	
  any	
  Allottee	
  and	
  such	
  third	
  party	
  shall	
  not	
  have	
  any	
  right	
  in	
  the	
  application/allotment	
  
of	
  the	
  said	
  apartment	
  applied	
  for	
  herein	
  in	
  any	
  way	
  and	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  
shall	
  be	
  issuing	
  the	
  payment	
  receipts	
  in	
  favour	
  of	
  the	
  Allottee	
  only.	
  	
  

4.	
   ADJUSTMENT/APPROPRIATION	
   OF	
   PAYMENTS	
   The	
   Allottee	
   authorizes	
   the	
   Promoter	
  
&	
  Co	
  Promoter	
  to	
  adjust/appropriate	
  all	
  payments	
  made	
  by	
  him/her	
  under	
  any	
  head(s)	
  
of	
   dues	
   against	
   lawful	
   outstanding,	
   if	
   any,	
   in	
   his/her	
   name	
   as	
   the	
   Promoter	
   &	
   Co	
  
Promoter	
   may	
   in	
   its	
   sole	
   discretion	
   deem	
   fit	
   and	
   the	
   Allottee	
   undertakes	
   not	
   to	
  
object/demand/direct	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   to	
   adjust	
   his	
   payments	
   in	
   any	
  
manner.	
  	
  

5.	
  TIME	
  IS	
  ESSENCE	
  1.13	
  Time	
  is	
  of	
  essence	
  for	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  as	
  well	
  as	
  
the	
   Allottee.	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   shall	
   abide	
   by	
   the	
   time	
   schedule	
   for	
  




	
  
                                                                           	
  
                                                                          8




completing	
  the	
  project	
  and	
  handing	
  over	
  the	
  [Apartment/Plot]	
  to	
  the	
  Allottee	
  and	
  the	
  
common	
   areas	
   to	
   the	
   association	
   of	
   the	
   allottees	
   after	
   receiving	
   the	
   occupancy	
  
certificate*	
   or	
   the	
   completion	
   certificate	
   or	
   both,	
   as	
   the	
   case	
   may	
   be.	
   Similarly,	
   the	
  
Allottee	
   shall	
   make	
   timely	
   payments	
   of	
   the	
   installment	
   and	
   other	
   dues	
   payable	
   by	
  
him/her	
   and	
   meeting	
   the	
   other	
   obligations	
   under	
   the	
   Agreement	
   subject	
   to	
   the	
  
simultaneous	
  completion	
  of	
  construction	
  by	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  as	
  provided	
  in	
  
Schedule	
  C	
  (“Payment	
  Plan”).	
  	
  

6.	
   CONSTRUCTION	
   OF	
   THE	
   PROJECT/	
   APARTMENT	
   The	
   Allottee	
   has	
   seen	
   the	
  
specifications	
   of	
   the	
   Flat	
   and	
   accepted	
   the	
   Payment	
   Plan,	
   floor	
   plans,	
   layout	
   plans	
  
[annexed	
   along	
   with	
   this	
   Agreement]	
   which	
   has	
   been	
   approved	
   by	
   the	
  Nashik	
  Municipal	
  
Corporation	
   ,	
   as	
   represented	
   by	
   the	
   Promoter	
   &	
   Co	
   Promoter.	
   The	
   Promoter	
   &	
   Co	
  
Promoter	
  shall	
  develop	
  the	
  Project	
  in	
  accordance	
  with	
  the	
  said	
  layout	
  plans,	
  floor	
  plans	
  
and	
  specifications.	
  Subject	
  to	
  the	
  terms	
  in	
  this	
  Agreement,	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  
undertakes	
  to	
  strictly	
  abide	
  by	
  such	
  plans	
  approved	
  by	
  the	
  competent	
  Authorities	
  and	
  
shall	
   also	
   strictly	
   abide	
   by	
   the	
   bye-­‐laws,	
   FAR	
   and	
   density	
   norms	
   and	
   provisions	
  
prescribed	
   by	
   the	
   Real	
   Estate	
   (Regulation	
   &	
   Development)	
   Act,	
   2016	
   and	
  Maharashtra	
  
Real	
   Estate	
   (Regulation	
   and	
   Development)	
   (Recovery	
   of	
   Interest,	
   Penalty,	
  
Compensation,	
   Fine	
   payable,	
   Forms	
   of	
   Complaints	
   and	
   Appeal,	
   etc.)	
   Rules,	
   2017.	
   and	
  
shall	
  not	
  have	
  an	
  option	
  to	
  make	
  any	
  variation	
  /alteration	
  /	
  modification	
  in	
  such	
  plans,	
  
other	
   than	
   in	
   the	
   manner	
   provided	
   under	
   the	
   Act,	
   and	
   breach	
   of	
   this	
   term	
   by	
   the	
  
Promoter	
  &	
  Co	
  Promoter	
  shall	
  constitute	
  a	
  material	
  breach	
  of	
  the	
  Agreement.	
  

7.	
  POSSESSION	
  OF	
  THE	
  APARTMENT/PLOT	
  	
  

7.1	
   Schedule	
   for	
   possession	
   of	
   the	
   said	
   Flat:	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   agrees	
   and	
  
understands	
   that	
   timely	
   delivery	
   of	
   possession	
   of	
   the	
   Flat	
   is	
   the	
   essence	
   of	
   the	
  
Agreement.	
   The	
   Promoter	
   &	
   Co	
   Promoter,	
   based	
   on	
   the	
   approved	
   plans	
   and	
  
specifications,	
   assures	
   to	
   hand	
   over	
   possession	
   of	
   the	
   [Apartment/Plot]	
   on	
  
_________________,	
   unless	
   there	
   is	
   delay	
   or	
   failure	
   due	
   to	
   war,	
   flood,	
   drought,	
   fire,	
  
cyclone,	
   earthquake	
   or	
   any	
   other	
   calamity	
   caused	
   by	
   nature	
   affecting	
   the	
   regular	
  
development	
  of	
  the	
  real	
  estate	
  project	
  (“Force	
  Majeure”).	
  If,	
  however,	
  the	
  completion	
  
of	
  the	
  Project	
  is	
  delayed	
  due	
  to	
  the	
  Force	
  Majeure	
  conditions	
  then	
  the	
  Allottee	
  agrees	
  
that	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  shall	
  be	
  entitled	
  to	
  the	
  extension	
  of	
  time	
  for	
  delivery	
  
of	
   possession	
   of	
   the	
   [Apartment/Plot],	
   provided	
   that	
   such	
   Force	
   Majeure	
   conditions	
   are	
  
not	
   of	
   a	
   nature	
   which	
   make	
   it	
   impossible	
   for	
   the	
   contract	
   to	
   be	
   implemented.	
   The	
  
Allottee	
  agrees	
  and	
  confirms	
  that,	
  in	
  the	
  event	
  it	
  becomes	
  impossible	
  for	
  the	
  Promoter	
  
&	
   Co	
   Promoter	
   to	
   implement	
   the	
   project	
   due	
   to	
   Force	
   Majeure	
   conditions,	
   then	
   this	
  
allotment	
  shall	
  stand	
  terminated	
  and	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  shall	
  refund	
  to	
  the	
  
Allottee	
  the	
  entire	
  amount	
  received	
  by	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  from	
  the	
  allotment	
  
within	
  45	
  days	
  from	
  that	
  date.	
  After	
  refund	
  of	
  the	
  money	
  paid	
  by	
  the	
  Allottee,	
  Allottee	
  
agrees	
   that	
   he/	
   she	
   shall	
   not	
   have	
   any	
   rights,	
   claims	
   etc.	
   against	
   the	
   Promoter	
   &	
   Co	
  
Promoter	
  and	
  that	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  shall	
  be	
  released	
  and	
  discharged	
  from	
  
all	
  its	
  obligations	
  and	
  liabilities	
  under	
  this	
  Agreement.	
  	
  

7.2	
  Procedure	
  for	
  taking	
  possession	
  -­‐	
  The	
  Promoter	
  &	
  Co	
  Promoter,	
  upon	
  obtaining	
  the	
  
occupancy	
  certificate*	
  from	
  the	
  Nashik	
  Municipal	
  Corporation	
  	
  shall	
  offer	
  in	
  writing	
  the	
  
possession	
  of	
  the	
  Flat	
  ,	
  to	
  the	
  Allottee	
  in	
  terms	
  of	
  this	
  Agreement	
  to	
  be	
  taken	
  within	
  3	
  
(three	
  months	
  from	
  the	
  date	
  of	
  issue	
  of	
  such	
  notice	
  and	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  
shall	
   give	
   possession	
   of	
   the	
   Flat	
   	
   to	
   the	
   Allottee.	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   agrees	
  
and	
   undertakes	
   to	
   indemnify	
   the	
   Allottee	
   in	
   case	
   of	
   failure	
   of	
   fulfillment	
   of	
   any	
   of	
   the	
  
provisions,	
   formalities,	
   documentation	
   on	
   part	
   of	
   the	
   Promoter	
   &	
   Co	
   Promoter.	
   The	
  
Allottee	
  agree(s)	
  to	
  pay	
  the	
  maintenance	
  charges	
  as	
  determined	
  by	
  the	
  Promoter	
  &	
  Co	
  
Promoter/association	
   of	
   allottees,	
   as	
   the	
   case	
   may	
   be.	
   The	
  Promoter	
  &	
  Co	
  Promoter	
  on	
  




	
  
                                                                         	
  
                                                                        9




its	
  behalf	
  shall	
  offer	
  the	
  possession	
  to	
  the	
  Allottee	
  in	
  writing	
  within15	
  days	
  of	
  receiving	
  
the	
  occupancy	
  certificate	
  of	
  the	
  Project.	
  	
  

7.3	
   Failure	
   of	
   Allottee	
   to	
   take	
   Possession	
   of	
   Flat	
   :	
   Upon	
   receiving	
   a	
   written	
   intimation	
  
from	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  as	
  per	
  clause	
  7.2,	
  the	
  Allottee	
  shall	
  take	
  possession	
  
of	
   the	
   Flat	
   from	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   by	
   executing	
   necessary	
   indemnities,	
  
undertakings	
   and	
   such	
   other	
   documentation	
   as	
   prescribed	
   in	
   this	
   Agreement,	
   and	
   the	
  
Promoter	
  &	
  Co	
  Promoter	
  shall	
  give	
  possession	
  of	
  the	
  [Apartment/Plot]	
  to	
  the	
  allottee.	
  In	
  
case	
   the	
   Allottee	
   fails	
   to	
   take	
   possession	
   within	
   the	
   time	
   provided	
   in	
   clause	
   7.2,	
   such	
  
Allottee	
  shall	
  continue	
  to	
  be	
  liable	
  to	
  pay	
  maintenance	
  charges	
  as	
  applicable.	
  	
  

7.4	
  Possession	
  by	
  the	
  Allottee	
  -­‐	
  After	
  obtaining	
  the	
  occupancy	
  certificate*	
  and	
  handing	
  
over	
  physical	
  possession	
  of	
  the	
  Flat	
  to	
  the	
  Allottees,	
  it	
  shall	
  be	
  the	
  responsibility	
  of	
  the	
  
Promoter	
   &	
   Co	
   Promoter	
   to	
   hand	
   over	
   the	
   necessary	
   documents	
   and	
   plans,	
   including	
  
common	
  areas,	
  to	
  the	
  association	
  of	
  the	
  Allottees	
  or	
  the	
   Nashik	
  Municipal	
  Corporation	
  ,	
  
as	
  the	
  case	
  may	
  be,	
  as	
  per	
  the	
  local	
  laws.	
  	
  

7.5	
   Cancellation	
   by	
   Allottee	
   –	
   The	
   Allottee	
   shall	
   have	
   the	
   right	
   to	
   cancel/withdraw	
   his	
  
allotment	
   in	
   the	
   Project	
   as	
   provided	
   in	
   the	
   Act:	
   Provided	
   that	
   where	
   the	
   allottee	
  
proposes	
  to	
  cancel/withdraw	
  from	
  the	
  project	
  without	
  any	
  fault	
  of	
  the	
  Promoter	
  &	
  Co	
  
Promoter,	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   herein	
   is	
   entitled	
   to	
   forfeit	
   the	
   booking	
   amount	
  
paid	
   for	
   the	
   allotment.	
   The	
   balance	
   amount	
   of	
   money	
   paid	
   by	
   the	
   Allottee	
   shall	
   be	
  
returned	
   by	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   to	
   the	
   allottee	
   within	
   45	
   days	
   of	
   such	
  
cancellation.	
  	
  

7.6	
   Compensation	
   –	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   shall	
   compensate	
   the	
   Allottee	
   in	
   case	
  
of	
  any	
  loss	
  caused	
  to	
  him	
  due	
  to	
  defective	
  title	
  of	
  the	
  land,	
  on	
  which	
  the	
  project	
  is	
  being	
  
developed	
   or	
   has	
   been	
   developed,	
   in	
   the	
   manner	
   as	
   provided	
   under	
   the	
   Act	
   and	
   the	
  
claim	
   for	
   compensation	
   under	
   this	
   section	
   shall	
   not	
   be	
   barred	
   by	
   limitation	
   provided	
  
under	
   any	
   law	
   for	
   the	
   time	
   being	
   in	
   force.	
   Except	
   for	
   occurrence	
   of	
   a	
   Force	
   Majeure	
  
event,	
  if	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  fails	
  to	
  complete	
  or	
  is	
  unable	
  to	
  give	
  possession	
  of	
  
the	
   [Apartment/Plot]	
   (i)	
   in	
   accordance	
   with	
   the	
   terms	
   of	
   this	
   Agreement,	
   duly	
  
completed	
  by	
  the	
  date	
  specified	
  herein;	
  or	
  (ii)	
  due	
  to	
  discontinuance	
  of	
  his	
  business	
  as	
  a	
  
developer	
  on	
  account	
  of	
  suspension	
  or	
  revocation	
  of	
  the	
  registration	
  under	
  the	
  Act;	
  or	
  
for	
   any	
   other	
   reason;	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   shall	
   be	
   liable,	
   on	
   demand	
   to	
   the	
  
allottees,	
  in	
   case	
   the	
   Allottee	
   wishes	
   to	
   withdraw	
   from	
   the	
   Project,	
   without	
   prejudice	
   to	
  
any	
  other	
  remedy	
  available,	
  to	
  return	
  the	
  total	
  amount	
  received	
  by	
  him	
  in	
  respect	
  of	
  the	
  
[Apartment/Plot],	
   with	
   interest	
   at	
   the	
   rate	
   specified	
   in	
   the	
   Rules	
   within	
   45	
   days	
  
including	
  compensation	
  in	
  the	
  manner	
  as	
  provided	
  under	
  the	
  Act.	
  Provided	
  that	
  where	
  if	
  
the	
  Allottee	
  does	
  not	
  intend	
  to	
  withdraw	
  from	
  the	
  Project,	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  
shall	
  pay	
  the	
  Allottee	
  interest	
  at	
  the	
  rate	
  specified	
  in	
  the	
  Rules	
  for	
  every	
  month	
  of	
  delay,	
  
till	
  the	
  handing	
  over	
  of	
  the	
  possession	
  of	
  the	
  Flat.	
  	
  

8.	
   REPRESENTATIONS	
   AND	
   WARRANTIES	
   OF	
   THE	
   PROMOTER	
   &	
   CO	
   PROMOTER	
   The	
  
Promoter	
  &	
  Co	
  Promoter	
  hereby	
  represents	
  and	
  warrants	
  to	
  the	
  Allottee	
  as	
  follows:	
  	
  

(i)	
  The	
  [Promoter	
  &	
  Co	
  Promoter]	
  has	
  absolute,	
  clear	
  and	
  marketable	
  title	
  with	
  respect	
  
to	
  the	
  said	
  Land;	
  the	
  requisite	
  rights	
  to	
  carry	
  out	
  development	
  upon	
  the	
  said	
  Land	
  and	
  
absolute,	
  actual,	
  physical	
  and	
  legal	
  possession	
  of	
  the	
  said	
  Land	
  for	
  the	
  Project;	
  	
  

(ii)	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   has	
   lawful	
   rights	
   and	
   requisite	
   approvals	
   from	
   the	
  
competent	
  Authorities	
  to	
  carry	
  out	
  development	
  of	
  the	
  Project;	
  	
  

(iii)	
  There	
  are	
  no	
  encumbrances	
  upon	
  the	
  said	
  Land	
  or	
  the	
  Project;.	
  




	
  
                                                                             	
  
                                                                            10




(iv)	
   There	
   are	
   no	
   litigations	
   pending	
   before	
   any	
   Court	
   of	
   law	
   with	
   respect	
   to	
   the	
   said	
  
Land,	
  Project	
  or	
  the	
  [Apartment/Plot];	
  	
  

(v)	
  All	
  approvals,	
  licenses	
  and	
  permits	
  issued	
  by	
  the	
  competent	
  authorities	
  with	
  respect	
  
to	
  the	
  Project,	
  said	
  Land	
  and	
  Flat	
  	
  are	
  valid	
  and	
  subsisting	
  and	
  have	
  been	
  obtained	
  by	
  
following	
  due	
  process	
  of	
  law.	
  Further,	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  has	
  been	
  and	
  shall,	
  
at	
   all	
   times,	
   remain	
   to	
   be	
   in	
   compliance	
   with	
   all	
   applicable	
   laws	
   in	
   relation	
   to	
   the	
  
Project,	
  said	
  Land,	
  Building	
  and	
  [Apartment/Plot]	
  and	
  common	
  areas;	
  

	
  (vi)	
  The	
  Promoter	
  &	
  Co	
  Promoter	
  has	
  the	
  right	
  to	
  enter	
  into	
  this	
  Agreement	
  and	
  has	
  not	
  
committed	
  or	
  omitted	
  to	
  perform	
  any	
  act	
  or	
  thing,	
  whereby	
  the	
  right,	
  title	
  and	
  interest	
  
of	
  the	
  Allottee	
  created	
  herein,	
  may	
  prejudicially	
  be	
  affected;	
  

	
  (vii)	
  The	
  Promoter	
  &	
  Co	
  Promoter	
  has	
  not	
  entered	
  into	
  any	
  agreement	
  for	
  sale	
  and/or	
  
development	
   agreement	
   or	
   any	
   other	
   agreement	
   /	
   arrangement	
   with	
   any	
   person	
   or	
  
party	
   with	
   respect	
   to	
   the	
   said	
   Land,	
   including	
   the	
   Project	
   and	
   the	
   said	
   Flat	
   which	
   will,	
   in	
  
any	
  manner,	
  affect	
  the	
  rights	
  of	
  Allottee	
  under	
  this	
  Agreement;	
  	
  

(viii)	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   confirms	
   that	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   is	
   not	
  
restricted	
   in	
   any	
   manner	
   whatsoever	
   from	
   selling	
   the	
   said	
   Flat	
   to	
   the	
   Allottee	
   in	
   the	
  
manner	
  contemplated	
  in	
  this	
  Agreement;	
  

	
  (ix)	
  At	
  the	
  time	
  of	
  execution	
  of	
  the	
  conveyance	
  deed	
  the	
   Promoter	
  &	
  Co	
  Promoter	
  shall	
  
handover	
   lawful,	
   vacant,	
   peaceful,	
   physical	
   possession	
   of	
   the	
   [Apartment/Plot]	
   to	
   the	
  
Allottee	
  and	
  the	
  common	
  areas	
  to	
  the	
  Association	
  of	
  the	
  Allottees;	
  	
  

(x)	
   The	
   Schedule	
   Property	
   is	
   not	
   the	
   subject	
   matter	
   of	
   any	
   HUF	
   and	
   that	
   no	
   part	
   thereof	
  
is	
  owned	
  by	
  any	
  minor	
  and/or	
  no	
  minor	
  has	
  any	
  right,	
  title	
  and	
  claim	
  over	
  the	
  Schedule	
  
Property;	
  	
  

(xi)	
  The	
  Promoter	
  &	
  Co	
  Promoter	
  has	
  duly	
  paid	
  and	
  shall	
  continue	
  to	
  pay	
  and	
  discharge	
  
all	
   governmental	
   dues,	
   rates,	
   charges	
   and	
   taxes	
   and	
   other	
   monies,	
   levies,	
   impositions,	
  
premiums,	
   damages	
   and/or	
   penalties	
   and	
   other	
   outgoings,	
   whatsoever,	
   payable	
   with	
  
respect	
  to	
  the	
  said	
  project	
  to	
  the	
  competent	
  Authorities;	
  	
  

(xii)	
   No	
   notice	
   from	
   the	
   Government	
   or	
   any	
   other	
   local	
   body	
   or	
   authority	
   or	
   any	
  
legislative	
   enactment,	
   government	
   ordinance,	
   order,	
   notification	
   (including	
   any	
   notice	
  
for	
  acquisition	
  or	
  requisition	
  of	
  the	
  said	
  property)	
  has	
  been	
  received	
  by	
  or	
  served	
  upon	
  
the	
  Promoter	
  &	
  Co	
  Promoter	
  in	
  respect	
  of	
  the	
  said	
  Land	
  and/or	
  the	
  Project.	
  	
  

9.	
  EVENTS	
  OF	
  DEFAULTS	
  AND	
  CONSEQUENCES	
  	
  

9.1	
   Subject	
   to	
   the	
   Force	
   Majeure	
   clause,	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   shall	
   be	
  
considered	
  under	
  a	
  condition	
  of	
  Default,	
  in	
  the	
  following	
  events:	
  	
  

(i)	
  Promoter	
  &	
  Co	
  Promoter	
  fails	
  to	
  provide	
  ready	
  to	
  move	
  in	
  possession	
  of	
  the	
  Flat	
  to	
  
the	
   Allottee	
   within	
   the	
   time	
   period	
   specified.	
   For	
   the	
   purpose	
   of	
   this	
   clause,	
   'ready	
   to	
  
move	
   in	
   possession'	
   shall	
   mean	
   that	
   the	
   apartment	
   	
   shall	
   be	
   in	
   a	
   habitable	
   condition	
  
which	
  is	
  complete	
  in	
  all	
  respects;	
  	
  

(ii)	
  Discontinuance	
  of	
  the	
  Promoter	
  &	
  Co	
  Promoter’s	
  business	
  as	
  a	
  developer	
  on	
  account	
  
of	
   suspension	
   or	
   revocation	
   of	
   his	
   registration	
   under	
   the	
   provisions	
   of	
   the	
   Act	
   or	
   the	
  
rules	
  or	
  regulations	
  made	
  thereunder.	
  	
  

9.2	
   In	
   case	
   of	
   Default	
   by	
   Promoter	
   &	
   Co	
   Promoter	
   under	
   the	
   conditions	
   listed	
   above,	
  
Allottee	
   is	
   entitled	
   to	
   the	
   following:	
   (i)	
   Stop	
   making	
   further	
   payments	
   to	
   Promoter	
   &	
   Co	
  




	
  
                                                                           	
  
                                                                          11




Promoter	
   as	
   demanded	
   by	
   the	
   Promoter	
   &	
   Co	
   Promoter.	
   If	
   the	
   Allottee	
   stops	
   making	
  
payments,	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   shall	
   correct	
   the	
   situation	
   by	
   completing	
   the	
  
construction	
  milestones	
  and	
  only	
  thereafter	
  the	
  Allottee	
  be	
  required	
  to	
  make	
  the	
  next	
  
payment	
   without	
   any	
   penal	
   interest;	
   or	
   (ii)	
   The	
   Allottee	
   shall	
   have	
   the	
   option	
   of	
  
terminating	
   the	
   Agreement	
   in	
   which	
   case	
   the	
  Promoter	
   &	
   Co	
   Promoter	
   shall	
   be	
   liable	
   to	
  
refund	
  the	
  entire	
  money	
  paid	
  by	
  the	
  Allottee	
  under	
  any	
  head	
  whatsoever	
  towards	
  the	
  
purchase	
  of	
  the	
  apartment,	
  along	
  with	
  interest	
  at	
  the	
  rate	
  specified	
  in	
  the	
  Rules	
  within	
  
forty-­‐five	
  days	
  of	
  receiving	
  the	
  termination	
  notice:	
  Provided	
  that	
  where	
  an	
  Allottee	
  does	
  
not	
  intend	
  to	
  withdraw	
  from	
  the	
  project	
  or	
  terminate	
  the	
  Agreement,	
  he	
  shall	
  be	
  paid,	
  
by	
   the	
   Promoter	
   &	
   Co	
   Promoter,	
   interest	
   at	
   the	
   rate	
   specified	
   in	
   the	
   Rules,	
   for	
   every	
  
month	
  of	
  delay	
  till	
  the	
  handing	
  over	
  of	
  the	
  possession	
  of	
  the	
  [Apartment/Plot].	
  	
  

9.3	
  The	
  Allottee	
  shall	
  be	
  considered	
  under	
  a	
  condition	
  of	
  Default,	
  on	
  the	
  occurrence	
  of	
  
the	
  following	
  events:	
  	
  

(i)	
   In	
   case	
   the	
   Allottee	
   fails	
   to	
   make	
   payments	
   for	
   demands	
   made	
   by	
   the	
   Promoter	
   &	
   Co	
  
Promoter	
  as	
  per	
  the	
  Payment	
  Plan	
  annexed	
  hereto,	
  despite	
  having	
  been	
  issued	
  notice	
  in	
  
that	
  regard	
  the	
  allottee	
  shall	
  be	
  liable	
  to	
  pay	
  interest	
  to	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  on	
  
the	
  unpaid	
  amount	
  at	
  the	
  rate	
  specified	
  in	
  the	
  Rules.	
  	
  

(ii)	
  In	
  case	
  of	
  Default	
  by	
  Allottee	
  under	
  the	
  condition	
  listed	
  above	
  continues	
  for	
  a	
  period	
  
beyond	
   1	
   month	
   after	
   notice	
   from	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   in	
   this	
   regard,	
   the	
  
Promoter	
   &	
   Co	
   Promoter	
  shall	
  cancel	
  the	
  allotment	
  of	
  the	
  [Apartment/Plot]	
  in	
  favour	
  of	
  
the	
   Allottee	
   and	
   refund	
   the	
   amount	
   money	
   paid	
   to	
   him	
   by	
   the	
   allottee	
   by	
   deducting	
   the	
  
booking	
   amount	
   and	
   the	
   interest	
   liabilities	
   and	
   this	
   Agreement	
   shall	
   thereupon	
   stand	
  
terminated.	
  	
  

10.	
  CONVEYANCE	
  OF	
  THE	
  SAID	
  APARTMENT	
  The	
  Promoter	
  &	
  Co	
  Promoter,	
  on	
  receipt	
  of	
  
complete	
   amount	
   of	
   the	
   Price	
   of	
   the	
   [Apartment/Plot]	
   under	
   the	
   Agreement	
   from	
   the	
  
Allottee,	
  shall	
  execute	
  a	
  conveyance	
  deed	
  and	
  convey	
  the	
  title	
  of	
  the	
  [Apartment/Plot]	
  
together	
   with	
   proportionate	
   indivisible	
   share	
   in	
   the	
   Common	
   Areas	
   within	
   3	
   (three)	
  
months	
  from	
  the	
  issuance	
  of	
  the	
  occupancy	
  certificate*.	
  However,	
  in	
  case	
  the	
  Allottee	
  
fails	
   to	
   deposit	
   the	
   stamp	
   duty,	
   registration	
   charges	
   and	
   all	
   other	
   incidental	
   and	
   legal	
  
expenses	
   etc.	
   so	
   demanded	
   within	
   the	
   period	
   mentioned	
   in	
   the	
   demand	
   letter,	
   the	
  
Allottee	
   authorizes	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   to	
   withhold	
   registration	
   of	
   the	
  
conveyance	
   deed	
   in	
   his/her	
   favour	
   till	
   full	
   and	
   final	
   settlement	
   of	
   all	
   dues	
   and	
   stamp	
  
duty	
  and	
  registration	
  charges	
  to	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  is	
  made	
  by	
  the	
  Allottee.	
  
The	
   Allottee	
   shall	
   be	
   solely	
   responsible	
   and	
   liable	
   for	
   compliance	
   of	
   the	
   provisions	
   of	
  
Indian	
  Stamp	
  Act,	
  1899	
  including	
  any	
  actions	
  taken	
  or	
  deficiencies/penalties	
  imposed	
  by	
  
the	
  competent	
  authority(ies).	
  	
  

11.	
  MAINTENANCE	
  OF	
  THE	
  SAID	
  BUILDING	
  /	
  APARTMENT	
  /	
  PROJECT	
  The	
   Promoter	
  &	
  Co	
  
Promoter	
  shall	
  be	
  responsible	
  to	
  provide	
  and	
  maintain	
  essential	
  services	
  in	
  the	
  Project	
  
till	
   the	
   taking	
   over	
   of	
   the	
   maintenance	
   of	
   the	
   project	
   by	
   the	
   association	
   of	
   the	
   allottees.	
  
The	
  cost	
  of	
  such	
  maintenance	
  has	
  been	
  included	
  in	
  the	
  Total	
  Price	
  of	
  the	
  Flat.	
  	
  

12.	
  DEFECT	
  LIABILITY	
  It	
  is	
  agreed	
  that	
  in	
  case	
  any	
  structural	
  defect	
  or	
  any	
  other	
  defect	
  in	
  
workmanship,	
  quality	
  or	
  provision	
  of	
  services	
  or	
  any	
  other	
  obligations	
  of	
  the	
  Promoter	
  &	
  
Co	
  Promoter	
  as	
  per	
  the	
  agreement	
  for	
  sale	
  relating	
  to	
  such	
  development	
  is	
  brought	
  to	
  
the	
   notice	
   of	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   within	
   a	
   period	
   of	
   5	
   (five)	
   years	
   by	
   the	
  
Allottee	
  from	
  the	
  date	
  of	
  handing	
  over	
  possession,	
  it	
  shall	
  be	
  the	
  duty	
  of	
  the	
  Promoter	
  
&	
   Co	
   Promoter	
   to	
   rectify	
   such	
   defects	
   without	
   further	
   charge,	
   within	
   30	
   (thirty)	
   days,	
  
and	
  in	
  the	
  event	
  of	
  Promoter	
  &	
  Co	
  Promoter’s	
  failure	
  to	
  rectify	
  such	
  defects	
  within	
  such	
  
time,	
   the	
   aggrieved	
   Allottees	
   shall	
   be	
   entitled	
   to	
   receive	
   appropriate	
   compensation	
   in	
  
the	
  manner	
  as	
  provided	
  under	
  the	
  Act.	
  	
  




	
  
                                                                               	
  
                                                                              12




13.	
  RIGHT	
  OF	
  ALLOTTEE	
  TO	
  USE	
  COMMON	
  AREAS	
  AND	
  FACILITIES	
  SUBJECT	
  TO	
  PAYMENT	
  
OF	
   TOTAL	
   MAINTENANCE	
   CHARGES	
   The	
   Allottee	
   hereby	
   agrees	
   to	
   purchase	
   the	
  
[Apartment/Plot]	
  on	
  the	
  specific	
  understanding	
  that	
  is/her	
  right	
  to	
  the	
  use	
  of	
  Common	
  
Areas	
  shall	
  be	
  subject	
  to	
  timely	
  payment	
  of	
  total	
  maintenance	
  charges,	
  as	
  determined	
  
and	
   thereafter	
   billed	
   by	
   the	
   maintenance	
   agency	
   appointed	
   or	
   the	
   association	
   of	
  
allottees	
  (or	
  the	
  maintenance	
  agency	
  appointed	
  by	
  it)	
  and	
  performance	
  by	
  the	
  Allottee	
  
of	
   all	
   his/her	
   obligations	
   in	
   respect	
   of	
   the	
   terms	
   and	
   conditions	
   specified	
   by	
   the	
  
maintenance	
  agency	
  or	
  the	
  association	
  of	
  allottees	
  from	
  time	
  to	
  time.	
  	
  

14.	
   RIGHT	
   TO	
   ENTER	
   THE	
   APARTMENT	
   FOR	
   REPAIRS	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   /	
  
maintenance	
  agency	
  /association	
  of	
  allottees	
  shall	
  have	
  rights	
  of	
  unrestricted	
  access	
  of	
  
all	
  Common	
  Areas,	
  garages/closed	
  parking’s	
  and	
  parking	
  spaces	
  for	
  providing	
  necessary	
  
maintenance	
   services	
   and	
   the	
   Allottee	
   agrees	
   to	
   permit	
   the	
   association	
   of	
   allottees	
  
and/or	
   maintenance	
   agency	
   to	
   enter	
   into	
   the	
   [Apartment/Plot]	
   or	
   any	
   part	
   thereof,	
  
after	
  due	
  notice	
  and	
  during	
  the	
  normal	
  working	
  hours,	
  unless	
  the	
  circumstances	
  warrant	
  
otherwise,	
  with	
  a	
  view	
  to	
  set	
  right	
  any	
  defect.	
  	
  

15.	
   USAGE	
   Use	
   of	
   Basement	
   and	
   Service	
   Areas:	
   The	
   basement(s)	
   and	
   service	
   areas,	
   if	
  
any,	
   as	
   located	
   within	
   the	
   Krishna	
   Heights,	
   shall	
   be	
   earmarked	
   for	
   purposes	
   such	
   as	
  
parking	
   spaces	
   and	
   services	
   including	
   but	
   not	
   limited	
   to	
   electric	
   sub-­‐station,	
  
transformer,	
   DG	
   set	
   rooms,	
   underground	
   water	
   tanks,	
   pump	
   rooms,	
   maintenance	
   and	
  
service	
  rooms,	
  fire	
  fighting	
  pumps	
  and	
  equipment’s	
  etc.	
  and	
  other	
  permitted	
  uses	
  as	
  per	
  
sanctioned	
  plans.	
  The	
  Allottee	
  shall	
  not	
  be	
  permitted	
  to	
  use	
  the	
  services	
  areas	
  and	
  the	
  
basements	
  in	
  any	
  manner	
  whatsoever,	
  other	
  than	
  those	
  earmarked	
  as	
  parking	
  spaces,	
  
and	
   the	
   same	
   shall	
   be	
   reserved	
   for	
   use	
   by	
   the	
   association	
   of	
   allottees	
   formed	
   by	
   the	
  
Allottees	
  for	
  rendering	
  maintenance	
  services.	
  	
  

16.	
   GENERAL	
   COMPLIANCE	
   WITH	
   RESPECT	
   TO	
   THE	
   APARTMENT:	
   Subject	
   to	
   Clause	
   12	
  
above,	
  the	
  Allottee	
  shall,	
  after	
  taking	
  possession,	
  be	
  solely	
  responsible	
  to	
  maintain	
  the	
  
Flat	
  	
  at	
  his/her	
  own	
  cost,	
  in	
  good	
  repair	
  and	
  condition	
  and	
  shall	
  not	
  do	
  or	
  suffer	
  to	
  be	
  
done	
   anything	
   in	
   or	
   to	
   the	
   Building,	
   or	
   the	
   [Apartment/Plot],	
   or	
   the	
   staircases,	
   lifts,	
  
common	
  passages,	
  corridors,	
  circulation	
  areas,	
  atrium	
  or	
  the	
  compound	
  which	
  may	
  be	
  
in	
   violation	
   of	
   any	
   laws	
   or	
   rules	
   of	
   any	
   authority	
   or	
   change	
   or	
   alter	
   or	
   make	
   additions	
   to	
  
the	
   Flat	
   	
   and	
   keep	
   the	
   [Apartment/Plot],	
   its	
   walls	
   and	
   partitions,	
   sewers,	
   drains,	
   pipe	
  
and	
   appurtenances	
   thereto	
   or	
   belonging	
   thereto,	
   in	
   good	
   and	
   tenantable	
   repair	
   and	
  
maintain	
  the	
  same	
  in	
  a	
  fit	
  and	
  proper	
  condition	
  and	
  ensure	
  that	
  the	
  support,	
  shelter	
  etc.	
  
of	
   the	
   Building	
   is	
   not	
   in	
   any	
   way	
   damaged	
   or	
   jeopardized.	
   The	
   Allottee	
   further	
  
undertakes,	
  assures	
  and	
  guarantees	
  that	
  he/she	
  would	
  not	
  put	
  any	
  sign-­‐board	
  /	
  name-­‐
plate,	
  neon	
  light,	
  publicity	
  material	
  or	
  advertisement	
  material	
  etc.	
  on	
  the	
  face	
  /	
  facade	
  
of	
  the	
  Building	
  or	
  anywhere	
  on	
  the	
  exterior	
  of	
  the	
  Project,	
  buildings	
  therein	
  or	
  Common	
  
Areas.	
   The	
   Allottees	
   shall	
   also	
   not	
   change	
   the	
   colour	
   scheme	
   of	
   the	
   outer	
   walls	
   or	
  
painting	
   of	
   the	
   exterior	
   side	
   of	
   the	
   windows	
   or	
   carry	
   out	
   any	
   change	
   in	
   the	
   exterior	
  
elevation	
   or	
   design.	
   Further	
   the	
   Allottee	
   shall	
   not	
   store	
   any	
   hazardous	
   or	
   combustible	
  
goods	
  in	
  the	
  shop	
  or	
  place	
  any	
  heavy	
  material	
  in	
  the	
  common	
  passages	
  or	
  staircase	
  of	
  
the	
  Building.	
  The	
  Allottee	
  shall	
  also	
  not	
  remove	
  any	
  wall,	
  including	
  the	
  outer	
  and	
  load	
  
bearing	
   wall	
   of	
   the	
   shop.	
   The	
   Allottee	
   shall	
   plan	
   and	
   distribute	
   its	
   electrical	
   load	
   in	
  
conformity	
   with	
   the	
   electrical	
   systems	
   installed	
   by	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   and	
  
thereafter	
   the	
   association	
   of	
   allottees	
   and/or	
   maintenance	
   agency	
   appointed	
   by	
  
association	
  of	
  allottees.	
  The	
  Allottee	
  shall	
  be	
  responsible	
  for	
  any	
  loss	
  or	
  damages	
  arising	
  
out	
  of	
  breach	
  of	
  any	
  of	
  the	
  aforesaid	
  conditions.	
  	
  

17.	
   COMPLIANCE	
   OF	
   LAWS,	
   NOTIFICATIONS	
   ETC.	
   BY	
   ALLOTTEE	
   The	
   Allottee	
   is	
   entering	
  
into	
  this	
  Agreement	
  for	
  the	
  allotment	
  of	
  Flat	
  with	
  the	
  full	
  knowledge	
  of	
  all	
  laws,	
  rules,	
  
regulations,	
   notifications	
   applicable	
   to	
   the	
   Project	
   in	
   general	
   and	
   this	
   project	
   in	
  




	
  
                                                                            	
  
                                                                           13




particular.	
  That	
  the	
  Allottee	
  hereby	
  undertakes	
  that	
  he/she	
  shall	
  comply	
  with	
  and	
  carry	
  
out,	
   from	
   time	
   to	
   time	
   after	
   he/she	
   has	
   taken	
   over	
   for	
   occupation	
   and	
   use	
   the	
   said	
   Flat,	
  
all	
   the	
   requirements,	
   requisitions,	
   demands	
   and	
   repairs	
   which	
   are	
   required	
   by	
   any	
  
Nashik	
  Municipal	
  Corporation	
  	
  in	
  respect	
  of	
  the	
  Flat	
  	
  at	
  his/	
  her	
  own	
  cost.	
  	
  

18.	
  ADDITIONAL	
  CONSTRUCTIONS	
  The	
  Promoter	
  &	
  Co	
  Promoter	
  undertakes	
  that	
  it	
  has	
  
no	
  right	
  to	
  make	
  additions	
  or	
  to	
  put	
  up	
  additional	
  structure(s)	
  anywhere	
  in	
  the	
  Project	
  
after	
   the	
   building	
   plan	
   has	
   been	
   approved	
   by	
   the	
   Nashik	
   Municipal	
   Corporation	
   -­‐-­‐(ies)	
  
except	
  for	
  as	
  provided	
  in	
  the	
  Act.	
  

19.	
  PROMOTER	
  &	
  CO	
  PROMOTER	
  SHALL	
  NOT	
  MORTGAGE	
  OR	
  CREATE	
  A	
  CHARGE	
  After	
  
the	
  Promoter	
  &	
  Co	
  Promoter	
  executes	
  this	
  Agreement	
  he	
  shall	
  not	
  mortgage	
  or	
  create	
  a	
  
charge	
   on	
   the	
   Flat	
   and	
   if	
   any	
   such	
   mortgage	
   or	
   charge	
   is	
   made	
   or	
   created	
   then	
  
notwithstanding	
   anything	
   contained	
   in	
   any	
   other	
   law	
   for	
   the	
   time	
   being	
   in	
   force,	
   such	
  
mortgage	
  or	
  charge	
  shall	
  not	
  affect	
  the	
  right	
  and	
  interest	
  of	
  the	
  Allottee	
  who	
  has	
  taken	
  
or	
  agreed	
  to	
  take	
  such	
  Flat	
  .	
  	
  

20.	
   APARTMENT	
   OWNERSHIP	
   ACT	
   (OF	
   THE	
   RELEVANT	
   STATE)	
   The	
   Promoter	
   &	
   Co	
  
Promoter	
  has	
  assured	
  the	
  Allottees	
  that	
  the	
  project	
  in	
  its	
  entirety	
  is	
  in	
  accordance	
  with	
  
the	
   provisions	
   of	
   the	
   Maharashtra	
   Apartment	
   Ownership	
   Act,	
   1970,	
   Real	
   Estate	
  
(Regulation	
   &	
   Development)	
   Act,	
   2016	
   and	
   Maharashtra	
   Real	
   Estate	
   (Regulation	
   and	
  
Development)	
   (Recovery	
   of	
   Interest,	
   Penalty,	
   Compensation,	
   Fine	
   payable,	
   Forms	
   of	
  
Complaints	
  and	
  Appeal,	
  etc.)	
  Rules,	
  2017	
  and	
  every	
  other	
  law	
  in	
  effect	
  as	
  of	
  today.	
  The	
  
Promoter	
  &	
  Co	
  Promoter	
  showing	
  compliance	
  of	
  various	
  laws/regulations	
  as	
  applicable	
  
in	
   Real	
   Estate	
   (Regulation	
   &	
   Development)	
   Act,	
   2016	
   and	
   Maharashtra	
   Real	
   Estate	
  
(Regulation	
   and	
   Development)	
   (Recovery	
   of	
   Interest,	
   Penalty,	
   Compensation,	
   Fine	
  
payable,	
  Forms	
  of	
  Complaints	
  and	
  Appeal,	
  etc.)	
  Rules,	
  2017.	
  	
  

21.	
  BINDING	
  EFFECT	
  Forwarding	
  this	
  Agreement	
  to	
  the	
  Allottee	
  by	
  the	
  Promoter	
  &	
  Co	
  
Promoter	
   does	
   not	
   create	
   a	
   binding	
   obligation	
   on	
   the	
   part	
   of	
   the	
   Promoter	
   &	
   Co	
  
Promoter	
   or	
   the	
   Allottee	
   until,	
   firstly,	
   the	
   Allottee	
   signs	
   and	
   delivers	
   this	
   Agreement	
  
with	
   all	
   the	
   schedules	
   along	
   with	
   the	
   payments	
   due	
   as	
   stipulated	
   in	
   the	
   Payment	
   Plan	
  
within	
  30	
  (thirty)	
  days	
  from	
  the	
  date	
  of	
  receipt	
  by	
  the	
  Allottee	
  and	
  secondly,	
  appears	
  for	
  
registration	
  of	
  the	
  same	
  before	
  the	
  concerned	
  Sub-­‐Registrar	
  as	
  and	
  when	
  intimated	
  by	
  
the	
   Promoter	
   &	
   Co	
   Promoter.	
   If	
   the	
   Allottee(s)	
   fails	
   to	
   execute	
   and	
   deliver	
   to	
   the	
  
Promoter	
   &	
   Co	
   Promoter	
   this	
   Agreement	
   within	
   30	
   (thirty)	
   days	
   from	
   the	
   date	
   of	
   its	
  
receipt	
  by	
  the	
  Allottee	
  and/or	
  appear	
  before	
  the	
  Sub-­‐Registrar	
  for	
  its	
  registration	
  as	
  and	
  
when	
   intimated	
   by	
   the	
   Promoter	
   &	
   Co	
   Promoter,	
   then	
   the	
   Promoter	
   &	
   Co	
   Promoter	
  
shall	
  serve	
  a	
  notice	
  to	
  the	
  Allottee	
  for	
  rectifying	
  the	
  default,	
  which	
  if	
  not	
  rectified	
  within	
  
30	
  (thirty)	
  days	
  from	
  the	
  date	
  of	
  its	
  receipt	
  by	
  the	
  Allottee,	
  application	
  of	
  the	
  Allottee	
  
shall	
   be	
   treated	
   as	
   cancelled	
   and	
   all	
   sums	
   deposited	
   by	
   the	
   Allottee	
   in	
   connection	
  
therewith	
   including	
   the	
   booking	
   amount	
   shall	
   be	
   returned	
   to	
   the	
   Allottee	
   without	
   any	
  
interest	
  or	
  compensation	
  whatsoever.	
  	
  

22.	
  ENTIRE	
  AGREEMENT	
  This	
  Agreement,	
  along	
  with	
  its	
  schedules,	
  constitutes	
  the	
  entire	
  
Agreement	
   between	
   the	
   Parties	
   with	
   respect	
   to	
   the	
   subject	
   matter	
   hereof	
   and	
  
supersedes	
   any	
   and	
   all	
   understandings,	
   any	
   other	
   agreements,	
   allotment	
   letter,	
  
correspondences,	
  arrangements	
  whether	
  written	
  or	
  oral,	
  if	
  any,	
  between	
  the	
  Parties	
  in	
  
regard	
  to	
  the	
  said	
  apartment/plot/building,	
  as	
  the	
  case	
  may	
  be.	
  	
  

23.	
  RIGHT	
  TO	
  AMEND	
  This	
  Agreement	
  may	
  only	
  be	
  amended	
  through	
  written	
  consent	
  of	
  
the	
  Parties.	
  	
  

24.	
   PROVISIONS	
   OF	
   THIS	
   AGREEMENT	
   APPLICABLE	
   ON	
   ALLOTTEE	
   /	
   SUBSEQUENT	
  
ALLOTTEES	
   It	
   is	
   clearly	
   understood	
   and	
   so	
   agreed	
   by	
   and	
   between	
   the	
   Parties	
   hereto	
  




	
  
                                                                                                             	
  
                                                                                                            14




that	
   all	
   the	
   provisions	
   contained	
   herein	
   and	
   the	
   obligations	
   arising	
   hereunder	
   in	
   respect	
  
of	
   the	
   Project	
   shall	
   equally	
   be	
   applicable	
   to	
   and	
   enforceable	
   against	
   any	
   subsequent	
  
Allottees	
  of	
  the	
  Flat,	
  in	
  case	
  of	
  a	
  transfer,	
  as	
  the	
  said	
  obligations	
  go	
  along	
  with	
  the	
  Flat	
  
for	
  all	
  intents	
  and	
  purposes.	
  	
  

25.	
  WAIVER	
  NOT	
  A	
  LIMITATION	
  TO	
  ENFORCE	
  	
  

25.1	
   The	
   Promoter	
   &	
   Co	
   Promoter	
   may,	
   at	
   its	
   sole	
   option	
   and	
   discretion,	
   without	
  
prejudice	
  to	
  its	
  rights	
  as	
  set	
  out	
  in	
  this	
  Agreement,	
  waive	
  the	
  breach	
  by	
  the	
  Allottee	
  in	
  
not	
  making	
  payments	
  as	
  per	
  the	
  Payment	
  Plan	
  including	
  waiving	
  the	
  payment	
  of	
  interest	
  
for	
   delayed	
   payment.	
   It	
   is	
   made	
   clear	
   and	
   so	
   agreed	
   by	
   the	
   Allottee	
   that	
   exercise	
   of	
  
discretion	
   by	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   in	
   the	
   case	
   of	
   one	
   Allottee	
   shall	
   not	
   be	
  
construed	
  to	
  be	
  a	
  precedent	
  and	
  /or	
  binding	
  on	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  to	
  exercise	
  
such	
  discretion	
  in	
  the	
  case	
  of	
  other	
  Allottees.	
  

	
  25.2	
  Failure	
  on	
  the	
  part	
  of	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  to	
  enforce	
  at	
  any	
  time	
  or	
  for	
  
any	
   period	
   of	
   time	
   the	
   provisions	
   hereof	
   shall	
   not	
   be	
   construed	
   to	
   be	
   a	
   waiver	
   of	
   any	
  
provisions	
  or	
  of	
  the	
  right	
  thereafter	
  to	
  enforce	
  each	
  and	
  every	
  provision.	
  	
  

26.	
  SEVERABILITY	
  If	
  any	
  provision	
  of	
  this	
  Agreement	
  shall	
  be	
  determined	
  to	
  be	
  void	
  or	
  
unenforceable	
   under	
   the	
   Act	
   or	
   the	
   Rules	
   and	
   Regulations	
   made	
   thereunder	
   or	
   under	
  
other	
   applicable	
   laws,	
   such	
   provisions	
   of	
   the	
   Agreement	
   shall	
   be	
   deemed	
   amended	
   or	
  
deleted	
  in	
  so	
  far	
  as	
  reasonably	
  inconsistent	
  with	
  the	
  purpose	
  of	
  this	
  Agreement	
  and	
  to	
  
the	
  extent	
  necessary	
  to	
  conform	
  to	
  Act	
  or	
  the	
  Rules	
  and	
  Regulations	
  made	
  thereunder	
  
or	
   the	
   applicable	
   law,	
   as	
   the	
   case	
   may	
   be,	
   and	
   the	
   remaining	
   provisions	
   of	
   this	
  
Agreement	
  shall	
  remain	
  valid	
  and	
  enforceable	
  as	
  applicable	
  at	
  the	
  time	
  of	
  execution	
  of	
  
this	
  Agreement.	
  	
  

27.	
  METHOD	
  OF	
  CALCULATION	
  OF	
  PROPORTIONATE	
  SHARE	
  WHEREVER	
  REFERRED	
  TO	
  IN	
  
THE	
   AGREEMENT	
   Wherever	
   in	
   this	
   Agreement	
   it	
   is	
   stipulated	
   that	
   the	
   Allottee	
   has	
   to	
  
make	
  any	
  payment,	
  in	
  common	
  with	
  other	
  Allottee(s)	
  in	
  Project,	
  the	
  same	
  shall	
  be	
  the	
  
proportion	
   which	
   the	
   carpet	
   area	
   of	
   the	
   Flat	
   	
   bears	
   to	
   the	
   total	
   carpet	
   area	
   of	
   all	
   the	
  
[Apartments/Plots]	
  in	
  the	
  Project.	
  	
  

28.	
   FURTHER	
   ASSURANCES	
   Both	
   Parties	
   agree	
   that	
   they	
   shall	
   execute,	
   acknowledge	
   and	
  
deliver	
   to	
   the	
   other	
   such	
   instruments	
   and	
   take	
   such	
   other	
   actions,	
   in	
   additions	
   to	
   the	
  
instruments	
  and	
  actions	
  specifically	
  provided	
  for	
  herein,	
  as	
  may	
  be	
  reasonably	
  required	
  
in	
   order	
   to	
   effectuate	
   the	
   provisions	
   of	
   this	
   Agreement	
   or	
   of	
   any	
   transaction	
  
contemplated	
   herein	
   or	
   to	
   confirm	
   or	
   perfect	
   any	
   right	
   to	
   be	
   created	
   or	
   transferred	
  
hereunder	
  or	
  pursuant	
  to	
  any	
  such	
  transaction.	
  	
  

29.	
   USE	
   OF	
   PREMISES	
   The	
   Allottee	
   admits	
   that	
   he/she/they	
   shall	
   use	
   the	
   premises	
   for	
  
Residential	
   purpose	
   only	
   and	
   shall	
   not	
   utilize	
   them	
   for	
   purposes	
   such	
   as	
   maternity	
  
home,	
  educational	
  institute,	
  classes,	
  nursery,	
  crèche,	
  hotel,	
  motor	
  repair	
  garage,	
  liquor	
  
shop,	
  bar,	
  restaurant	
  or	
  any	
  purpose	
  that	
  is	
  in	
  contravention	
  of	
  any	
  legislation	
  enacted	
  
by	
   Government	
   of	
   Maharashtra	
   or	
   Union	
   of	
   India	
   nor	
   for	
   storage	
   of	
   firecrackers,	
   any	
  
inflammable	
   substances	
   or	
   any	
   substance	
   that	
   has	
   been	
   declared	
   as	
   illegal	
   under	
   any	
  
law	
  enacted	
  by	
  Government	
  of	
  Maharashtra	
  or	
  Union	
  of	
  India.	
  

30.	
   PLACE	
   OF	
   EXECUTION	
   The	
   execution	
   of	
   this	
   Agreement	
   shall	
   be	
   complete	
   only	
   upon	
  
its	
   execution	
   by	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   through	
   its	
   authorized	
   signatory	
   at	
   the	
  
Promoter	
   &	
   Co	
   Promoter’s	
   Office,	
   or	
   at	
   some	
   other	
   place,	
   which	
   may	
   be	
   mutually	
  
agreed	
  between	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  and	
  the	
  Allottee,	
  in	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Nasik	
  
and	
   after	
   the	
   Agreement	
   is	
   duly	
   executed	
   by	
   the	
   Allottee	
   and	
   the	
   Promoter	
   &	
   Co	
  
Promoter	
  or	
  simultaneously	
  with	
  the	
  execution	
  the	
  said	
  Agreement	
  shall	
  be	
  registered	
  




	
  
                                                                        	
  
                                                                       15




at	
  the	
  office	
  of	
  the	
  Sub-­‐Registrar.	
  Hence	
  this	
  Agreement	
  shall	
  be	
  deemed	
  to	
  have	
  been	
  
executed	
  at	
  Nasik.	
  	
  

31.	
   NOTICES	
   That	
   all	
   notices	
   to	
   be	
   served	
   on	
   the	
   Allottee	
   and	
   the	
   Promoter	
   &	
   Co	
  
Promoter	
  as	
  contemplated	
  by	
  this	
  Agreement	
  shall	
  be	
  deemed	
  to	
  have	
  been	
  duly	
  served	
  
if	
   sent	
   to	
   the	
   Allottee	
   or	
   the	
   Promoter	
   &	
   Co	
   Promoter	
   by	
   Registered	
   Post	
   at	
   their	
  
respective	
   addresses	
   specified	
   below:	
   _________________Name	
   of	
   Allottee	
  
_________________	
   (Allottee	
   Address)	
   M/s	
   _____________Promoter	
   &	
   Co	
   Promoter	
  
name	
  _________________	
  (Promoter	
  &	
  Co	
  Promoter	
  Address)	
  It	
  shall	
  be	
  the	
  duty	
  of	
  the	
  
Allottee	
  and	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  to	
  inform	
  each	
  other	
  of	
  any	
  change	
  in	
  address	
  
subsequent	
   to	
   the	
   execution	
   of	
   this	
   Agreement	
   in	
   the	
   above	
   address	
   by	
   Registered	
   Post	
  
failing	
   which	
   all	
   communications	
   and	
   letters	
   posted	
   at	
   the	
   above	
   address	
   shall	
   be	
  
deemed	
  to	
  have	
  been	
  received	
  by	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  or	
  the	
  Allottee,	
  as	
  the	
  
case	
  may	
  be.	
  	
  

32.	
  JOINT	
  ALLOTTEES	
  That	
  in	
  case	
  there	
  are	
  Joint	
  Allottees	
  all	
  communications	
  shall	
  be	
  
sent	
  by	
  the	
  Promoter	
  &	
  Co	
  Promoter	
  to	
  the	
  Allottee	
  whose	
  name	
  appears	
  first	
  and	
  at	
  
the	
   address	
   given	
   by	
   him/her	
   which	
   shall	
   for	
   all	
   intents	
   and	
   purposes	
   to	
   consider	
   as	
  
properly	
  served	
  on	
  all	
  the	
  Allottees.	
  	
  

33.	
  GOVERNING	
  LAW	
  That	
  the	
  rights	
  and	
  obligations	
  of	
  the	
  parties	
  under	
  or	
  arising	
  out	
  
of	
  this	
  Agreement	
  shall	
  be	
  construed	
  and	
  enforced	
  in	
  accordance	
  with	
  the	
  laws	
  of	
  India	
  
for	
  the	
  time	
  being	
  in	
  force.	
  	
  

34.	
  DISPUTE	
  RESOLUTION	
  All	
  or	
  any	
  disputes	
  arising	
  out	
  or	
  touching	
  upon	
  or	
  in	
  relation	
  
to	
  the	
  terms	
  and	
  conditions	
  of	
  this	
  Agreement,	
  including	
  the	
  interpretation	
  and	
  validity	
  
of	
   the	
   terms	
   thereof	
   and	
   the	
   respective	
   rights	
   and	
   obligations	
   of	
   the	
   Parties,	
   shall	
   be	
  
settled	
   amicably	
   by	
   mutual	
   discussion,	
   failing	
   which	
   the	
   same	
   shall	
   be	
   settled	
   through	
  
the	
   adjudicating	
   officer	
   appointed	
   under	
   the	
   Act.	
   [Please	
   insert	
   any	
   other	
   terms	
   and	
  
conditions	
  as	
  per	
  the	
  contractual	
   understanding	
  between	
  the	
  parties,	
  however,	
  please	
  
ensure	
   that	
   such	
   additional	
   terms	
   and	
   conditions	
   are	
   not	
   in	
   derogation	
   of	
   or	
  
inconsistent	
  with	
  the	
  terms	
  and	
  conditions	
  set	
  out	
  above	
  or	
  the	
  Act	
  and	
  the	
  Rules	
  and	
  
Regulations	
  made	
  there	
  under.	
  

35.	
   PAYMENT	
   OF	
   STAMP	
   DUTY,	
   REGISTRATION	
   CHARGES	
   AND	
   OTHER	
   EXPENSES	
   -­‐	
   	
   The	
  
charges	
   relating	
   to	
   payment	
   of	
   stamp	
   duty,	
   registration	
   charges	
   and	
   other	
   expenses	
  
touching	
   to	
   this	
   agreement	
   and	
   till	
   final	
   conveyance	
   shall	
   be	
   paid	
   and	
   borne	
   by	
   the	
  
Allottee.	
  	
  	
  
	
         	
  

                                                              SCHEDULE	
  -­‐	
  I	
  

                     DESCRIPTION	
  OF	
  THE	
  SAID	
  PLOT	
  PROPERTY	
  REFERRED	
  ABOVE	
  

	
           All that piece and parcel of property bearing Plot No. 1,
measuring 422.68 Sq. Mtrs. out of S. no. 308/A/2/1 situated at
Pathardi, within the limits of Municipal Corporation Nashik, which is
bounded as -



East                      -            7.50 Mtrs. colony road

West                      -            S. no. 308 B




	
  
                                                                                 	
  
                                                                                16




South                          -            9 Mtrs. colony road

North                          -            Plot no. 2

	
               Together	
  with	
  right	
  to	
  use	
  layout	
  roads,	
  common	
  spaces	
  in	
  the	
  said	
  layout.	
  	
  

	
  

                                                                       SCHEDULE	
  II	
  	
  

                                      DESCRIPTION	
  OF	
  THE	
  SAID	
  FLAT	
  REFERRED	
  ABOVE	
  

	
               	
  

	
             A	
  Residential	
  unit	
  in	
  building	
  named	
  Krishna	
  Heights	
  being	
  constructed	
  on	
  the	
  
Schedule	
   I	
   bearing	
   Flat	
   No.	
   _________________,	
   on	
   _______	
   (_________)	
   Floor	
   ,	
   in	
  
Building	
   Krishna	
   Pride,	
   which	
   is	
   admeasuring	
   Carpet	
   area	
   about	
   __________	
   Sq	
   Mtrs.	
  
alongwith	
  right	
  to	
  use	
  common	
  areas.	
  	
   Together	
   with	
   right	
   to	
   use	
   the	
   common	
   areas,	
  
lift	
  and	
  staircase	
  in	
  the	
  said	
  building.	
  	
  

	
  The	
  said	
  premises	
  is	
  bounded	
  as	
  	
  

East	
           -­‐	
  	
     	
  

West	
   -­‐	
  	
             	
  

South	
   -­‐	
  	
            	
  

North	
   -­‐	
  	
            	
  

	
  

ANNEXURE	
  ‘A’	
  -­‐	
  FLOOR	
  PLAN	
  OF	
  THE	
  APARTMENT	
  	
  

	
  

ANNEXURE	
  ‘B’	
  -­‐	
  PAYMENT	
  PLAN	
  BY	
  THE	
  ALLOTTEE	
  

Stage	
  of	
  Work	
   	
                  	
             Stage	
  	
   	
             	
      Payment	
  	
  

At	
  plinth	
                 	
           	
             100	
  %	
  

RCC	
  Work	
                  	
           	
             100	
  %	
  

1st	
  Slab	
  	
              	
           	
             100%	
  

2nd	
  Slab	
  	
              	
           	
             100%	
  

3rd	
  Slab	
  	
              	
           	
             100%	
  

4th	
  Slab	
  	
              	
           	
             100	
  %	
  

Roof	
  Slab	
                 	
           	
             100%	
  

Tiling	
  	
   	
              	
           	
             100%	
  

Finishing	
                    	
           100	
  %	
  




	
  
                                                                                   	
  
                                                                                  17




Completion	
  	
                  	
            Awaited	
  	
  

	
  

ANNEXURE	
  ‘C’	
  –	
  SPECIFICATIONS	
  OF	
  AMENITIES	
  OF	
  THE	
  SAID	
  PREMISES	
  

The	
   building	
   structure	
   will	
   be	
   M-­‐20	
   Grade	
   RCC	
   and	
   Tested	
   Steel	
   construction	
   with	
  
            earth	
  quake	
  resistance	
  

2.	
                 Internal	
   wall	
   4	
   “	
   Thick	
   and	
   External	
   walls	
   6	
   “	
   Thick,	
   Internal	
   walls	
   shall	
   have	
  
                     Neeru	
  Furnish	
  and	
  External	
  walls	
  shall	
  be	
  sandfaced	
  plaster.	
  

3.	
                 Kitchen	
  granite	
  platform	
  with	
  inbuilt	
  sink	
  in	
  color	
  tiles.	
  	
  

4.	
                 Decorative	
   Laminated	
   Main	
   Door	
   and	
   attractive	
   fittings	
   	
   and	
   other	
   doors	
   shall	
  
                     be	
  laminated	
  shutters	
  .	
  	
  

5.	
                 Aluminum	
  sliding	
  windows	
  with	
  protective	
  grills	
  in	
  Granite	
  Frame	
  .	
  	
  

6.	
                 Vetrified	
  Flooring	
  in	
  all	
  rooms.	
  	
  

7.	
                 Bathroom	
  /	
  Tolit	
  shall	
  have	
  Glazed	
  Tiles	
  upto	
  7ft	
  height.	
  	
  

8.	
                 All	
   flats	
   shall	
   have	
   common	
   drainage	
   system	
   as	
   per	
   standered	
   rules	
   with	
  
                     septic	
  tank	
  provisions.	
  	
  

9.	
                 All	
   flats	
   will	
   be	
   painted	
   inside	
   with	
   Emulsion	
   Paint	
   and	
   external	
   walls	
   with	
  
                     Acrylic	
  paint.	
  	
  

10.	
                Common	
  staircase	
  will	
  be	
  provided	
  with	
  polished	
  Shahabad	
  and	
  Kadappa	
  	
  on	
  
                     entire	
  steps	
  and	
  mid-­‐landings.	
  

12.	
                Building	
  shall	
  have	
  brick	
  wall	
  compound.	
  	
  

13.	
                Underground	
  and	
  overhead	
  water	
  storage	
  tank.	
  	
  

14.	
                Each	
   room	
   have	
   adequate	
   light	
   points,	
   stair	
   case,	
   common	
   areas	
   shall	
   have	
  
                     proper	
  lighting	
  arrangements.	
  	
  

15.	
                One	
  Common	
  Lift	
  for	
  __	
  persons	
  with	
  battery	
  backup.	
  	
  

       SCHEDULE	
  IV	
  COMMON	
  EXPENSES	
  TO	
  BE	
  PAID	
  BY	
  THE	
  OCCUPANTS	
  IN	
  THE	
  BUILDING	
  

                                                                                    	
  

1)	
  	
  	
  	
     The	
  expenses	
  of	
  maintaining,	
  repairing,	
  redecoration,	
  etc.	
  of	
  the	
  main	
  structure	
  
                     and	
   in	
   particular	
   the	
   roof,	
   gutters	
   and	
   rain	
   water	
   pipes	
   of	
   the	
   building,	
   water	
  
                     pipes,	
   gas	
   pipes,	
   if	
   any,	
   and	
   electric	
   wires	
   in	
   under	
   and	
   upon	
   the	
   building	
   and	
  
                     enjoyed	
  or	
  used	
  by	
  the	
  purchaser	
  in	
  common	
  with	
  other	
  occupiers	
  of	
  other	
  flats	
  
                     and	
   main	
   entrance,	
   passages,	
   landings	
   and	
   staircases,	
   roofs	
   of	
   the	
   building	
   as	
  
                     enjoyed	
  by	
  the	
  Purchaser	
  or	
  used	
  by	
  him	
  in	
  common	
  as	
  afore	
  said.	
  




	
  
                                                                              	
  
                                                                             18




2)	
                 The	
   cost	
   of	
   clearing	
   and	
   lighting	
   the	
   passages,	
   landings,	
   staircase	
   and	
   other	
  
                     parts	
   of	
   the	
   building	
   or	
   enjoyed	
   or	
   used	
   by	
   the	
   Purchaser	
   in	
   common	
   as	
  
                     aforesaid.	
  

3)	
  	
  	
  	
     The	
  costs	
  of	
  the	
  decorating	
  the	
  exterior	
  of	
  the	
  building.	
  

4)	
                 The	
   costs	
   of	
   salaries	
   of	
   clerks,	
   bill	
   collectors,	
   chowkidars,	
   sweepers,	
   etc.	
  
                     appointed	
  by	
  	
  Promoters,	
  Flat	
  Association	
  or	
  Co	
  Op	
  Society	
  to	
  manage	
  and	
  look	
  
                     after	
  the	
  building.	
  

5)	
                 The	
  cost	
  of	
  maintenance	
  of	
  other	
  lights	
  and	
  services	
  charged.	
  

6)	
  	
  	
  	
     Municipal	
  and	
  other	
  taxes.	
  

7)	
  	
  	
  	
     Insurance	
  of	
  the	
  building.	
  

8)	
  	
  	
  	
     Such	
   other	
   expenses	
   as	
   are	
   necessary	
   or	
   incidental	
   for	
   the	
   maintenance	
   and	
  
                     upkeep	
  of	
  the	
  building.	
  

9)	
                 N.	
  A.	
  Tax	
  after	
  completion	
  date	
  of	
  building.	
  

	
  

ANNEXURE	
  ‘E’	
  NATURE,	
  EXTENT,	
  DESCRIPTION	
  OF	
  COMMON	
  AREAS	
  AND	
  FACILITIES	
  

                     A.	
  Common	
  areas	
  and	
  facilities	
  
                     1.	
  Common	
  Overhead	
  &	
  Underground	
  water	
  tank(s)	
  pump(s),	
  meter(s).	
  
                     2.	
  Common	
  electric	
  and	
  water	
  meter/s,	
  Septic	
  Tank/s.	
  
                     3.	
  Common	
  Passages,	
  Staircases,	
  Lift,	
  lift	
  well/s,	
  machine	
  room/s,	
  if	
  provided.	
  
                     4.	
  Drainage,	
  waterlines	
  and	
  electrical	
  network.	
  
                     5	
  Building	
  Roof	
  Terrace	
  of	
  the	
  Building	
  
                     	
  
                     B.	
  Limited	
  /Restricted	
  areas	
  and	
  Facilities	
  
                     1	
  Parking	
  Spaces	
  allotted	
  to	
  specific	
  unit	
  holders.	
  
                     2	
  Terraces.	
  
                     3	
  Open	
  Spaces.	
  
                     4	
  Generally	
  all	
  premises	
  and	
  facilities	
  other	
  than	
  those	
  mentioned	
  in	
  Schedule	
  	
   	
  	
  	
  
                     II.	
  	
  
	
  

The	
   Promoter	
   &	
   Co	
   Promoter	
   reserves	
   exclusive	
   right	
   to	
   allot	
   these	
   restricted	
  
areas/facilities	
  to	
  any	
  of	
  the	
  flat	
  Allottee/s	
  or	
  retain	
  them	
  for	
  its	
  own	
  benefit	
  

	
  

	
  

IN	
   WITNESS	
   WHEREOF	
   the	
   parties	
   hereto	
   have	
   hereunto	
   set	
   and	
   subscribed	
   their	
  
respective	
  hands	
  and	
  seals	
  on	
  this	
  day,	
  month	
  and	
  year	
  first	
  hereinabove	
  mentioned.	
  

	
  

	
  




	
  
                                                                                                                                                                           	
  
                                                                                                                                                                          19




SIGNED,	
  SEALED	
  &	
  DELIVERED	
  

BY	
  WITHIN	
  NAMED	
  PROMOTER	
  	
  

	
  

	
  

-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐	
  

	
  

SIGNED,	
  SEALED	
  &	
  DELIVERED	
  

BY	
  WITHIN	
  NAMED	
  	
  ALLOTTEE/s	
  

	
  

-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐	
  

Name	
  	
  

	
  

	
  

SIGNED,	
  SEALED	
  &	
  DELIVERED	
  

BY	
  WITHIN	
  NAMED	
  CO	
  PROMOTER	
  	
  

	
  

	
  

-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐	
  

	
  

IN	
  THE	
  PRESENCE	
  OF	
  WITNESSES:-­‐	
  

	
  

1.	
  ___________________	
                                                                                                      	
                                	
             2.	
  ___________________	
  

	
  

                                                                                                                                                                   RECEIPT	
  

	
  

Wesay	
   received	
   Rs.	
   ________/-­‐	
   in	
   words	
   Rs.	
   _________________________	
   only	
  
towards	
   part	
   payment	
   from	
   and	
   out	
   of	
   the	
   agreed	
   consideration	
   of	
   the	
   premises	
  
described	
   in	
   schedule	
   II	
   above	
   vide	
   Cheque	
   No	
   _________	
   dtd	
   _____________	
   of	
  
_______________	
   Bank	
   __________________________	
   Branch,	
   for	
   which	
   separate	
  
receipt	
  is	
  issued	
  by	
  Promoter	
  &	
  Co	
  Promoter.	
  	
  




	
  
                                                                                                                                                                    	
  
                                                                                                                                                                   20




	
  

SIGNED,	
  SEALED	
  &	
  DELIVERED	
  

BY	
  WITHIN	
  NAMED	
  PROMOTER	
  	
  

	
  

	
  

-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐	
  

	
  

SIGNED,	
  SEALED	
  &	
  DELIVERED	
  

BY	
  WITHIN	
  NAMED	
  CO	
  PROMOTER	
  	
  

	
  

	
  

-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐