THIS ARTICLES OF AGREEMENT iS MAdE ANd CXECUICd At NAShiK ON tlTiS th day of the month August, in the christian Year TWO THOUSAND SEVENTEEN, A. D.. BETWEEN SIIRI'E SAI CONSTRUCTIONS, A Partnership Firm t|rrouglr it's Partner Ntl .Rameshbhai Ravjibhai Patel , PAN No. Age : 51 Ycars, Occu : Business, R/o : 12' liit.st floor, Sai Plaza, Near ICICI Bank, Nashik-Poona Road, Nashik Ro:rd. N:rshil<. Hereinafter referr.ed to as the "VENDORJ" [whichexpression, shall unless it be lepugnant to tne contexr or meaning thereof, shall always deem to mean and include iLs existing PART' Pa|tners, legal heirs, executors, administrators, repr€sentatives arld assignees] ofthe ONE AND Herei[after referred to as "PURCHASER/S" [whiclt expfession, unless it be fepugllalrt to heils. the context or.meaning thereof, shall always deem to meau ard include his/her/their legal execLrtors, adtniristrators, representatives and assigns] ofthe SECOND PART, WHEREAS The Vendor/s is absolute and exclusive owner & sufficiently eltitled to al] that piece and parcel of the land situated at Nashik more particularly described in tlre schedLrle ."vlitten hereunder refen'ed to as the said property. 392 74 l-lte Verrclor herein has purclrased the said land of P. No.35 to 38/l total admeasurillg area sci nrrrs bearing Survey No. 214l2lllA lying, being and situated at village :Nashik, Taluka & District : Nashik. (hereinafter referred to as the "said propefty") and more particularly desclibed ir Schedule-l u,ritten hereunder florn erstwhile owners Mr.Bhaskal Sonuj i Aher' & Othels 5 vide a fegistet.ed sale deed duly registered at sr. No. 306112015 on 2010412015. The nanre of the verrdor Vendor hereirr is recorded in r.evenue records vide M.E. No. 97163. Since then the said rvith and are ill possession ofthe said pr.operty rvith absolute fights, authorities and porvcrs to deal dispose ofthe saure to any individual, firm and/or institution oftheir owtr choice. ANDWHEREAStheCompetentAuthority,NashikMunicipalCorporatiorr,Nashikvide 1/ ] 0, daled 1510412010. has approved the final his order-No.Torvr Plalning/Final/Panchwati/c- lay-oLrt plan of tlre said land propefty. ANDwHEREAStheCompetentAutlror.ity,ColleciorofNashik,videhisorderNo' MAHA/KAKSHA 3,t Jon-Agri./3412007, dated 1211212001 has granted perrlission fol the Non- propefty is AgricultLrr.al use ofthe said land properly for Residential purpose Therefore, the said iit for car.rsing constr uction of Residential building thereupon' AND WHEREAS Co sideri g the eed of rhe said PIoject. tlte Vetldol has ptrlcltased arr adtlitional l Dl{ acheasunng sq. mtrs., of "c" ZoIe by absolute Sale Deed which is lcgistered befor-e the SLrb-Registrar', Nashik at Serial No' , dated 'lDR the Vendor have prepared a building plan ofthe constrtlctioll catrsed gr tb said property md shitEd it b th Ndft Mrmicipl Corporarion, Nashik and rhe same is dufy approved and sanctioned vide its Order No. LID/BP/C- I /44814046 dated 14110/2016. This Agreement between the parties hereto is of Yamuna Niwas Row Bungalows Apaltment which consists of Residential units. Accordingly, work ofproposed construction ofYamuna Row Bulgalows Apaftment is commenced on the said property as per the said approved plan which is constructing upon Ground and First floor having independent approach to eacli Unit as per the said approved and sanctioned building plan and also having all the required facilities and civic anenities. AND WHEREAS the Purchaser is offered an Apartment bearing number (herein after refelred to as the said "Apartrnent" ) in the Building called Yamuna Row Bungalow Apartment being constlucted by the Vendor. AND WHEREAS the Vendor has entered into a standard Agreement with an Architect registered with the Council of Architects and such Agreement is as per the Agreement prescribed by the Council of Architects; AND WHEREAS the Vendor has registered the project under the provision of the Act with the Real Estate Regulatory Authority at _no_; authenticated copy is attached in Annexure. AND WHEREAS the Vendor has appointed a Structural Engineer for the preparation o1 the stluctural design drawings of the buildings and the Vendor accepts the professional supervision ofthe Architect and Structural Engineer till the completion ofthe building/buildings. AND WHEREAS on demand from the Purchaser, the Vendor has given inspection to the PLrlchasel of all the documents of title relating to the ploject Iand and the plans, designs and specificatiors prepared by the Vendor's Architect Suresh Patel and of such other documents as are specified under the Real Estate (Regulation and Development) Act 2016 (hereinafter referred to as "the said Act") and the Rules and Regulations made thereunder; AND WHEREAS the authenticated copies of Certificate of Title issued by the attorney at law or advocate of the Vendor, authenticated copies of Property card or extract of Village Folms VI and VII and XII or any other relevant revenue record showing the nature of the title of the Vendor to the project land on which the Apartments are constructed or are to be constructed have been annexed hereto. AND WHEREAS the authenticated copies ofthe plans ofthe Layout as approved by the coucerued Local Authority have been annexed hereto. AND WHEREAS the authenticated copies ofthe plans ofthe Layout as proposed by the Vendor and according to which the construction ofthe buildings and open spaces are proposed to be provided for on the said ploject have been annexed hereto. AND WHEREAS the authenticated copies of the plans and specifications of the Apartrnent agreed to be purchased by the Purchaser, as sanctioned and approved by the local authority has been annexed. AND WHEREAS the Vendor has got the some of the approvals frorn the concerned local authofity(s) to the plans, the specifications, elevations, sections and of the said building/s and shall obtain the balance approvals from various authorities from time to time, so as to obtain building Cornpletion Certificate or Occupancy Certificate ofthe said Building. AND WHEREAS while sanctioning the said plans concerned local authority and/or Govemmert has laid down ceftain terms, conditions, stipulations and restrictious which are to be observed and peformed by the Vendor while developing the project land and the said building ard upou due observance and performance on which only tlre colrpletion or occupancy certificate in respect ofthe said bnilding/s shall be granted by the concerned local authority. AND WHEREAS the Vendor has accordingly commenced construction of the said bLrilding/s in accordance with the said proposed plans. AND WHEREAS the Purchaser has applied to the vendor for allotment of an Apartment No. l6 on Fourtli Floor situated in the building being constructed in the said project, AND WHEREAS tbe carpet area of the said Apartunent is ------=--- sq mtrs' area of Balconiesl Terrace/ (including -sq.mtr. Plotted + Garden and usable utility/ C/B/ Area as per sanctioned building plan of NMC), and (adm --------------- sq mtrs excluding the Carpet area as per RERA which means the net usable floor area of an apafiment' appuftenant to area covered by the external walls, areas under services shafts, exclusive balcony open terrace the saicl Apartrnent for exclusive use ofthe Purchaser or verandah area and exclusive area appultenaut to the said Apartment for exclusive use of the Purchaser, but includes the area covered by the intemal partition walls ofthe apartment ) AND WHEREAS, the Parties relying on the confirmations' representations and coutained assurances of each other to faithfully abide by all the terms, cottditions and stipulations on the in this Agreernent and all applicable laws, are now willing to enter into this Agreement terrns and conditions appearing hereinafter; AND WHEREAS, prior to the execution of these presents the Purchaser has paid to the Vendor a suni of Rs. (Rupees ) only, being part payment of the sale consideration of the Apartment agreed to be sold by the Vendor to the Purchaser as advance pa),ment or Application Fee (tlre payment and receipt whereof tlie Vendor both liereby adrnit and acknowledge) and the Purchaser has agreed to pay to the Vendor the balance of the sale consideration in the manner hereinafter appeartng' AND WHEREAS, under section 13 of the said Act the vendor is requifed to execute a presents and rvritten Agreement for sale said Apartment with the Purchaser, being in fact these also to legister said Agreement under the Registration Act, 1908' AND WHEREAS, In accordatrce with the terms arrd corrditions Set ot|t in this Agreemell| and as mutually agreed upon by and between the Parties, the vendor hereby agrees to sell and the Purchaser heleby agrees to purclTase the ApartmeDt' ANDWHEREASinpursuancetothedevelopmentoftlresaidproperty,itiSnecessaryto proposed to be have a perfect title and legal status to each independent constructed tellement collstructed Uporl the said propefty, therefore, for that purpose, the vendor has decided to submit thesaidpropefty,buildingotritandtheconstructedtenementsthereirrunderaScheneof referred Apaftment ljls.2 & ll of tlie MAHARASHTRA OWNERSHIP ACT, 1970, hereinafter to as the'.said Act'' and under Rule 3 of THE MAHARASHTRA APARTMENT RULES, 1972, heleinafter referred to as the "said Rules". NowTI{EREFOR,TIIISAGREEMENTWITNESSETHANDITISHEREBYAGREED I]Y AND BItTWEEN THE PARTIES IIERETO AS FOLLOWS:- l. The veldor shall construct the said buildingis consisting of ground and four upper floors on the pr.oject Iand in accordance witli the plans, designs and specifications as approved by the corrcerned local authority from time to time' Provided that the Vendor shall have to obtain prior consent in writing of the Pttrchaser itl respect of variatiols oI n.rodifications which may adversely affect the apartment of tlre Purchaser except any alteration or-addition required by any Government autlrorities or due io change in law. l (a) (i) The Put chaser hereby agrees to purchase from the Vendor and the Vendor hereby agrees to sell to the Purchaser apartment No. -------------- of the --------- of calpet alea adlneasu ring in the build;ng (hereinafter referred to as "the Apartn.rent") as shown in the plan thereof hereto annexed for the considelation of Rs. including Rs. _- being the propoftiolate price of the commou areas and facilities appurtenant to the premises, the uature, extcut and description ofthe common ateas and facilities which are more pafticttlarly described in proportionate the Second Schedule annexed herewith. (The price of the Apartment including the sDaces should be shown separately). Itbt The Purchaser has paid on or before e\ecution of this agreement a sum of Rs (Rupees only) (not exceeding l0% of the total consideratiotl) as ad vrnce pavrnent or application fee and hereby agrees to pay to that Vendol the balance amount ol Rs (RLrpees ) in the followtng rnanner :- i. Arnount of Rs -( ) (not exceeding 30% of the total consideration) to be paid to the Veudor after the execution of Agreerneut ii. Amount of Rs -(-) (not exceeding 45%o of the total collsideration) to be paid to the Vetldor otl cornpletion of the Plintli of the buildilg or wing in rvhich the said Apartrttettt is located. iii. Arnount of Rs I L) (not exceedirrg 10o/o of the total consideration) to be paid to tlre Vendor on completion ofthe slabs includiug podiums and stilts of the building or rving in which the said Apaftrnent is located. iv. Anoutrt of Rs f( ) (not exceeding I5"/o of the total consideration) to be paid to the Vendor on courpletiou of the walls, itttemal plaster, floolings, doot s atrd windows of the said Apartment. v. Arnount of Rs -( ) Oot exceeding 80% of tlre rotal corside|ation) to be paid to tlte Veltdor on corrpletiorl of the Sanitary fittings, staircases, lili r.vells, lobbies upto the flool level of rhe said Apartlrelt. vi Anoullt of Rs--l( ) (not exceedirrg 85% of the total collsideration) to be paid to the Vendor on completion of the external plLrmbing and external plaster, elevatioll. tenaces rvitl.t lvaterproofiug, ofthe bLrilding ol lvitlg in which the said Apartnrent is located. vii. Amount of Rs l(_) orot exceeding 95% of the total consideratiott) to be paid to tlle Vendor otl completiotl of the Iifts. water ptrn'lps. electrical fittings. electlo, mechallical and envilonrnent requirerrents, erlflance lobby/s, plinth protectiou, paving of areas appeftain and all othel requiremelrts as rrlay be prescribed in the Agleement of sale of the building or wiltg in which the saicl apartlrent is located. viii. Arnount of Rs -( ) against al'ld at the till)e of' ha;dling over ofthe possession ofthe Apaftment to the Purchaset'orl or after leceipt of occupaucy certificate or cornpletiotl certificate Taxes (consisting of tax paid or payable by the Vendor by I (c) The total plice above excludes rvay ofvalue Ad{ed tar, Service Tax, and Cess or any olher sitrilar taxes rvhich nray be leviecl, in collllectior.r u,ith the constr-uction of and carryirg out the Project payable by the verrdor) up to the date of haldtiug ovet the possessiou ofthe IApartnient/Plot]. l(d) the total 1;rice is escalation-ffee, save and except escalations/iucreases, due to increase, dLte to increase orr accoLLnt of developrnent charges payable to the competent atrthority and/or rnl' othcf increase in charges which rnay be levied or imposed by the conrpetent aLttllorit)' Local Boclics/Govelnntcnt fiolr titne to time. The Vendor Lrndetlal