Zone No. : F la t R a te : _ _ _ _ _ _ _ _ _ _ /- A re a o f F la t : _ _ _ _ _ _ s q .m trs . C a rp e t G o v e rn m e n t V a lu a tio n : R s . _ _ _ _ _ _ _ _ _ _ _ _ /- C o n s id e ra tio n : R s . _ _ _ _ _ _ _ _ _ _ _ /- S ta m p D u ty + L .B .T . : R s . _ _ _ _ _ _ _ _ _ /- R e g is tra tio n F e e s : Rs. ________/- AGREEMENT FOR SALE T h is A g re e m e n t fo r S a le is m a d e & e x e c u te d o n th is --- d a y o f ---- m o n th th e C h ris tia n y e a r ------- a t N a s h ik . BY AND BETWEEN DHANAIT AHIRE ASSOCIATE, PAN NO. AAIFD4236B, a p a rtn e rs h ip firm , h a v in g it’s o ffic e at A v in a s h ,S h iv a ji N a g a r,M h a s ru l,D in d o ri R o a d , N a s h ik -4 2 2 0 0 4 , th ro u g h it’s p a rtn e rs S H R I V I T T H A L K A R B H A R I D H A N A I T , a g e - 6 8 , o c c u - b u s in e s s , H a v in g a d d re s s : A v in a s h ,S h iv a ji N a g a r,M h a s ru l,D in d o ri Road, N a s h ik -4 2 2 0 0 4 & S H R I D E V E N D R A M A D H U K A R A H I R E , a g e - 4 2 , o c c u - b u s in e s s . H a v in g a d d re s s : B -4 ,S h a n a tin ik e ta n ,H im g a u ri s o c ie ty ,g u lm o h a r n a g a r,M h a s ru l,D in d o ri R o a d , N a s h ik -4 2 2 0 0 4 H e re in a fte r re fe rre d to as th e “PROMOTERS/DEVELOPERS” { w h ic h e x p r e s s io n s h a ll u n le s s it b e re p u g n a n t to th e c o n te x t o r m e a n in g th e r e o f m e a n a n d in c lu d e a ll th e m e m b e rs , th e ir h e irs , s u c c e s s o rs -in -in te re s t, e x e c u to rs , a d m in is tra to rs , re p re s e n ta tiv e s , p e rm itte d a s s ig n s e tc . a n d a ll th e p e rs o n s c la im in g th ro u g h th e m ,} o f th e F I R S T P A R T ; AND MR. _______________ a g e -_ _ _ _ _ , O c c u -_ _ _ _ _ _ _ _ _ P A N N O ._ _ _ _ _ _ _ _ _ _ _ _ _ R /o . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 2 H e re in a fte r re fe rre d to a s th e “ A L L O T T E E / P U R C H A S E R ” { w h ic h e x p re s s io n s h a ll u n le s s it b e re p u g n a n t to th e c o n te x t o r m e a n in g th e re o f mean and in c lu d e h is h e irs , s u c c e s s o rs -in -in te re s t, e x e c u to rs , a d m in is tra to rs , re p re s e n ta tiv e s , p e rm itte d a s s ig n s e tc . a n d a ll th e p e rs o n s c la im in g th ro u g h h im } o f th e O T H E R P A R T ; T h e P ro m o te rs a n d A llo tte e / P u rc h a s e r s h a ll h e re in a fte r c o lle c tiv e ly b e re fe rre d to a s th e “ P a rtie s ” a n d in d iv id u a lly a s “ P a rty ” . W H E R E A S th e P ro m o te rs a re th e a b s o lu te o w n e rs a n d a b s o lu te ly s e iz e d a n d p o s s e s s e d a n d o th e rw is e w e ll a n d s u ffic ie n tly e n title d to a n o n -a g ric u ltu ra l p ie c e o f la n d b e a rin g S .N o . --------------------, P lo t N o .--, a d m . -------- s q .m trs , o f v illa g e -----------, N a s h ik , w ith in th e lim its o f N a s h ik M u n ic ip a l C o rp o ra tio n , N a s h ik a n d w h ic h is m o re p a rtic u la rly d e s c rib e d in S C H E D U L E - I w ritte n h e re u n d e r a n d h e re in a fte r re fe rre d to a s “ T H E S A ID P R O P E R T Y ” . A N D W H E R E A S T h e s a id p ro p e rty h a s b e e n p u rc h a s e d b y th e P ro m o te rs fro m --------------------- v id e S a le D e e d d t. ------. T h e s a id S a le D e e d is d u ly re g is te re d a t th e O ffic e o f S u b- R e g is tra r, C la s s - II, N a s h ik a t S r. N o . ------ o n -------. In p u rs u a n c e o f th e s a id S a le D e e d , th e n a m e s o f th e P ro m o te rs a re d u ly m u ta te d in th e R e v e n u e re c o rd s o f th e s a id p ro p e rty b y--------. A N D W H E R E A S b y v irtu e o f th e a b o v e S a le D e e d , th e P ro m o te rs h a v e a c q u ire d e a c h a n d e v e ry rig h t & a u th o rity to d e a l, d e v e lo p o r d is p o s e -o ff th e s a id p ro p e rty , to c o n s tru c t a b u ild in g th e re o n a n d th e P ro m o te rs h e re in a lo n e h a s s o l e a n d e x c lu s iv e rig h t to s e ll th e F la ts /S h o p s /A p a rtm e n ts /T e n a m e n ts /F a m ily U n its in th e s a id b u ild in g to b e c o n s tru c te d b y th e P ro m o te rs o n th e s a id p ro p e rty a n d a re fu lly c o m p e te n t to e n te r in to A g re e m e n t fo r S a le / S a le D e e d o f th e te n a m e n ts /fa m ily u n its , w ith th e p ro s p e c tiv e P u rc h a s e rs a t th e p ric e a n d te rm s a n d c o n d itio n s a s P ro m o te rs m a y d e e m fit a n d a p p ro p ria te th e s a le p ro c e e d s th e re o n . A N D W H E R E A S th e s a id p ro p e rty is fro m a n d o u t o f a p p ro v e d la y o u t w h ic h is d u ly a p p ro v e d b y A s s is ta n t D ire c to r, T o w n P la n n in g , N a s h ik M u n ic ip a l C o rp o ra tio n , N a s h ik v id e le tte r N o . ----------------. 3 T h e s a id p ro p e rty h a s b e e n c o n v e rte d fo r N o n -a g ric u ltu ra l u s e b y th e o rd e r o f C o lle c to r o f N a s h ik v id e -----------------. AND WHEREAS th e P ro m o te rs has c o m p le te d a ll th e le g a l fo rm a litie s w ith re s p e c t to th e rig h t, title a n d in te re s t in re s p e c t o f th e s a id p ro p e rty o n w h ic h th e s a id b u ild in g is to b e c o n s tru c te d th e P ro m o te rs is in p o s s e s s io n o f th e s a id P ro p e rty . AND WHEREAS th e P ro m o te rs have d e c id e d to d e v e lo p and c o n s tru c t th e m u ltis to rie d b u ild in g c o n s is tin g re s id e n tia l u n its to b e k n o w n in th e n a m e & s ty le a s “ D A - N A N D A N V A N ” , c o n s is tin g o f P a rk in g p lu s S e v e n u p p e r flo o rs o n th e s a id p ro p e rty (h e re in a fte r re fe rre d to a s " T H E S A ID B U IL D IN G " ). A N D W H E R E A S T h e P ro m o te rs d e c la re s a n d d is c lo s e s th a t th e s a id p ro je c t a s a fo re s a id w ill b e s u b je c t to th e p ro v is io n o f M a h a ra s h tra A p a rtm e n t O w n e rs h ip A c t 1 9 7 0 a n d th e M a h a ra s h tra O w n e rs h ip F la t (re g u la tio n o f th e p ro m o tio n o f th e c o n s tru c tio n , s a le , m a n a g e m e n t & tra n s fe r) Act 1963. And fo r th a t p u rp o s e th e n e c e s s a ry D e c la ra tio n o f A p a rtm e n t w ill b e re g is te re d a n d in a c c o rd a n c e w ith th e p ro v is io n o f th e s a id A c t s o a ls o a fte r th e re g is tra tio n o f d e c la ra tio n , th e P ro m o te rs w ill e x e c u te and re g is te r Deed of A p a rtm e n t in re s p e c t o f th e s a id F la t/A p a rtm e n t in fa v o r o f th e A llo tte e / P u rc h a s e r. T h e P ro m o te rs d e c la re s th a t th e s a id p ro p e rty a lo n g w ith th e s a id b u ild in g to b e c o n s tru c te d th e re o n s h a ll b e g o v e rn e d b y th e s a id a c t a n d th e A llo tte e /P u rc h a s e r o r th e o th e r p e rs o n s c la im in g th e re u n d e r w ill b e b o u n d b y th e p ro v is io n o f s a id a c t. AND WHEREAS th e P ro m o te rs have e n te re d in to a s ta n d a rd a g re e m e n t w ith its C o n s u ltin g E n g in n e r M R . V I J A Y K U M A R S A N A P w h o is re g is te re d w ith th e N a s h ik M u n c ip a l C o rp o ra tin a n d th e P ro m o te rs have a p p o in te d M R .V I J A Y K U M A R SANAP as a s tru c tu ra l e n g in e e r fo r th e p re p a ra tio n o f s tru c tu ra l d e s ig n a n d d ra w in g of th e s a id b u ild in g . The P ro m o te rs a c c e p ts th e p ro fe s s io n a l s u p e rv is io n o f th e A rc h ite c t/C o n s u ltin g E n g in n e r a n d th e s tru c tu ra l E n g in e e r till th e c o m p le tio n o f th e s a id b u ild in g . A N D W H E R E A S th e P ro m o te rs h a v e a ls o p u rc h a s e d T .D .R . a re a o f -------- s q .m trs . a s p e r V a lu a tio n b a s e T .D .R . a s d e s c rib e d m o re p a rtic u la rly in th e d e e d , o u t o f C e rtific a te N o .----- d a te d ----- 4 is s u e d b y N a s h ik M u n ic ip a l C o rp o ra tio n , N a s h ik fro m th e h o ld e r ---- ---------- v id e s a le d e e d d a te d -------- fo r u s in g th e s a m e fo r c o n s tru c tio n o f b u ild in g o n th e s a id p ro p e rty . T h e s a id S a le D e e d is d u ly re g is te re d a t th e O ffic e o f S u b -R e g is tra r, N a s h ik a t S r. N o . ----- --- d t.---------. A N D W H E R E A S th e P ro m o te rs th ro u g h th e ir A rc h ite c t /C o n s u ltin g E n g in e e r h a v e p re p a re d b u ild in g p la n o f th e p ro p o s e d b u ild in g to b e c o n s tru c te d o n th e s a id p ro p e rty b y u s in g th e s a id T .D .R . a n d g o t it a p p ro v e d fro m th e N a s h ik M u n ic ip a l C o rp o ra tio n , N a s hik v id e s a n c tio n o f B u ild in g P e rm it & C o m m e n c e m e n t C e rtific a te v id e L e tte r N o .L N D / B P /------------ d a te d ------- is s u e d b y A D T P , T o w n P la n n in g , N a s h ik M u n ic ip a l C o rp o ra tio n , N a s h ik . The P ro m o te rs have a c c o rd in g ly c o m m e n c e d th e C o n s tru c tio n o f th e s a id b u ild i n g in a c c o rd a n c e w ith th e a b o v e s a n c tio n e d b u ild in g p la n . A N D W H E R E A S if re q u ire d , th e P ro m o te rs w ill re g is te re d th e s a id P ro je c t u n d e r th e p ro v is io n s o f th e R e a l E s ta te (R e g is tra tio n a n d D e v e lo p m e n t) A c t, 2 0 1 6 w ith th e R e a l E s ta te R e g u la to ry A u th o rity . A N D W H E R E A S th e p la n s a n d s p e c ific a tio n h a v e b e e n d is p la y e d fo r th e in s p e c tio n o f th e p u rc h a s e rs a t th e s ite a n d a ls o in th e o ffic e o f P ro m o te rs . AND WHEREAS th e A llo tte e / P u rc h a s e r b e in g in te re s te d , has o ffe re d to th e P ro m o te rs fo r th e p u rc h a s e o f th e F la t/ A p a rtm e n t b e a rin g F la t N o . _ _ _ _ _ _ _ s itu a te d o n _ _ _ _ _ _ _ _ F lo o r , h a v in g c a rp e t a re a a d m e a s u rin g ________ s q .ft. i.e . ______ s q .m trs . ( a p p ro x ) in th e s a id b u ild in g known as “ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ” , w h ic h is to b e c o n s tru c te d o n th e s a id p ro p e rty a n d w h ic h is m o re p a rtic u la rly d e s c rib e d in S C H E D U L E - II w ritte n h e re u n d e r a n d h e re in a fte r re fe rre d to a s " T H E S A ID FLAT / APARTMENT". A N D W H E R E A S th e A llo tte e / P u rc h a s e r h a v e d e m a n d e d fro m th e P ro m o te rs a n d th e P ro m o te rs h a v e g iv e n in s p e c tio n a n d d e liv e re d to th e A llo tte e / P u rc h a s e r th e c o p ie s o f a ll th e d o c u m e n ts o f title re la tin g to th e s a id p ro p e rty , T itle C e rtific a te o f a d v o c a te , 7 /1 2 e x tra c ts a n d o th e r re la te d re v e n u e re c o rd s s h o w in g th e n a tu re o f th e title o f th e P ro m o te rs to th e s a id p ro p e rty , T h e P la n s , D e s i g n s a n d S p e c ific a tio n s p re p a re d b y th e A rc h ite c t /C o n s u ltin g E n g in e e r o f 5 th e P ro m o te rs a n d o f s u c h d o c u m e n ts w h ic h a re s p e c ifie d u n d e r M a h a ra s h tra O w n e rs h ip F la ts (R e g u la tio n of p ro m o tio n of c o n s tru c tio n , s a le , M a n a g e m e n t & T ra n s fe r) A c t 1 9 6 3 (h e re in a fte r re fe rre d to a s th e s a id A c t) & ru le s m a d e th e re u n d e r, a s w e ll a s o f s u c h o th e r d o c u m e n ts a s a re s p e c ifie d u n d e r th e R e a l E s ta te (R e g u la tio n and D e v e lo p m e n t) Act 2016 and th e R u le s and re g u la tio n s m a d e th e re u n d e r, a fte r th e A llo tte e /P u rc h a s e rs e n q u iry , th e P ro m o te rs h e re in h a s re q u e s te d to th e A llo tte e / P u rc h a s e r to c a rry o u t in d e p e n d e n t s e a rc h b y a p p o in tin g h is a d v o c a te a n d to a s k a n y q u e rie s , h e h a v e re g a rd in g th e m a rk e ta b le title a n d rig h ts a n d a u th o ritie s o f th e P ro m o te rs . T h e A llo tte e / P u rc h a s e r h a v e s a ti s fie d h im s e lf in re s p e c t o f m a rk e ta b le title o f th e s a id p ro p e rty a n d th e rig h ts and a u th o ritie s of th e P ro m o te rs h e re in . That th e A llo tte e / P u rc h a s e r h a s g iv e n h is s p e c ific c o n firm a tio n h e re in th a t th e re s p o n s ib ility o f th e title o f th e s a id p ro p e rty b e o n th e P ro m o te rs u p a n d u n til th e c o n v e y a n c e o f th e s a id b u ild in g a n d th e s a id p ro p e rty th e re u n d e r. A N D W H E R E A S th e a u th e n tic a te d c o p ie s o f C e rtific a te o f T itle is s u e d b y th e a d v o c a te o f th e P ro m o te rs , a u th e n tic a te d c o p ie s o f P ro p e rty c a rd o r e x tra c t o f V illa g e F o rm s V I a n d V II a n d X II o r a n y o th e r re le v a n t re v e n u e re c o rd s h o w in g th e n a tu re o f th e title o f th e P ro m o te rs to th e s a id p ro p e rty on w h ic h th e A p a rtm e n t is c o n s tru c te d o r is to b e c o n s tru c te d h a v e b e e n a n n e x e d h e re to . A N D W H E R E A S th e a u th e n tic a te d c o p ie s o f th e p la n s o f th e L a y o u t o f th e s a id b u ild in g / p ro p e rty a s a p p ro v e d b y th e c o n c e rn e d L o c a l A u th o rity h a v e b e e n a n n e x e d h e re to . A N D W H E R E A S th e a u th e n tic a te d c o p ie s o f th e p la n s o f th e la y o u t/ b u ild in g p la n a s p ro p o s e d b y th e P ro m o te rs a n d a c c o rd in g to w h ic h th e c o n s tru c tio n o f th e b u ild in g a n d o p e n s p a c e s is p ro p o s e d to b e p ro v id e d fo r o n th e s a id p ro p e rty h a v e b e e n a n n e x e d h e re to . AND WHEREAS th e a u th e n tic a te d c o p ie s of th e p la n s and s p e c ific a tio n s o f th e A p a rtm e n t/ F la t a g re e d to b e p u rc h a s e d by th e A llo tte e / P u rc h a s e r, a s s a n c tio n e d a n d a p p ro v e d b y th e lo c a l a u th o rity h a v e b e e n a n n e x e d h e re to . AND WHEREAS th e P ro m o te rs has o b ta in e d some of th e s a n c tio n s / a p p ro v a ls fro m th e c o n c e rn e d lo c a l a u th o ritie s to th e 6 p la n s , th e s p e c ific a tio n s , e le v a tio n s , s e c tio n s a n d o f th e s a id b u ild in g a n d s h a ll o b ta in th e b a la n c e a p p ro v a ls fro m th e v a rio u s a u th o ritie s fro m tim e to tim e , s o a s to o b ta in b u ild in g c o m p le tio n c e rtific a te o r o c c u p a n c y c e rtific a te o f th e s a id b u ild in g . A N D W H E R E A S w h ile s a n c tio n in g th e s a id p la n s c o n c e rn e d lo c a l a u th o rity and / or G o v e rn m e n t has la id down c e rta in te rm s , c o n d itio n s , s tip u la tio n s a n d re s tric tio n s w h ic h a re to b e o b s e rv e d a n d p e rfo rm e d b y th e P ro m o te rs w h ile d e v e lo p in g th e s a id p ro p e rty a n d th e s a id b u ild in g a n d u p o n d u e o b s e rv a n c e a n d p e rfo rm a n c e o f w h ic h o n ly th e c o m p le tio n a n d o c c u p a tio n c e rtific a te in re s p e c t o f th e s a id b u ild in g s h a ll b e g ra n te d b y th e c o n c e rn e d lo c a l a u th o rity . AND WHEREAS th e P ro m o te rs has in c o m p lia n c e w ith ru le s , re g u la tio n s a n d re s tric tio n s o f th e c on c e rn e d lo c a l a u th o rity w h ic h a re to be o b s e rv e d and p e rfo rm e d by th e P ro m o te rs w h ile c o n s tru c tin g /d e v e lo p in g th e s a id b u ild in g has a c c o rd in g ly c o m m e n c e d c o n s tru c tio n /d e v e lo p m e n t o f th e s a m e . A N D W H E R E A S th e A llo tte e / P u rc h a s e r h a s a g re e d to p u rc h a s e th e s a id F la t b a s e d o n g o in g th ro u g h a ll th e c o n d itio n s s ta te d in th e s a n c tio n e d p la n s b y re s p e c tiv e c o m p e te n t a u th o ritie s a n d h a v e fu rth e r c o n firm e d th a t a ll s u c h c o n d itio n s s h a ll b e b o u n d a n d a b id e d b y th e A llo tte e / P u rc h a s e r s tric tly . AND WHEREAS th e A llo tte e / P u rc h a s e r has a p p lie d to th e P ro m o te rs fo r p u rc h a s e of F la t/ A p a rtm e n t b e a rin g F la t No. _ _ _ _ _ _ _ _ _ s it u a t e d o n _ _ _ _ _ F lo o r , h a v in g c a r p e t a r e a a d m e a s u r in g _ _ _ _ _ s q .f t. i.e . _ _ _ _ _ s q .m tr s . ( a p p r o x ) in th e s a id b u ild in g k n o w n a s “ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ” , w h ic h is to be c o n s tru c te d on th e s a id p ro p e rty and w h ic h is m o re p a rtic u la rly d e s c rib e d in S C H E D U L E - II w ritte n h e re u n d e r a n d h e re in a fte r re fe rre d to a s " T H E S A ID F L A T / A P A R T M E N T " . AND WHEREAS re ly in g upon th e a fo re s a id a p p lic a tio n , th e P ro m o te rs h a s a g re e d to a llo t a n d s e ll to th e A llo tte e / P u rc h a s e r, th e s a id F la t a t th e p ric e a n d o n th e te rm s , c o n d itio n s , c o v e n a n ts , s tip u la tio n s a n d p ro v is io n s h e re in a fte r a p p e a rin g . A N D W H E R E A S th e c a rp e t a re a o f th e s a id A p a rtm e n t is _ _ _ _ _ _ _ _ s q .m trs . (a p p ro x ) a n d " c a rp e t a re a " m e a n s th e n e t u s a b le flo o r 7 a re a o f a n a p a rtm e n t, e x c lu d in g th e a re a c o v e re d b y th e e x te rn a l w a lls , a re a s u n d e r s e rv ic e s s h a fts , e x c lu s iv e b a lc o n y a p p u rte n a n t to th e s a id A p a rtm e n t fo r e x c lu s iv e u s e o f th e A llo tte e /P u rc h a s e r o r v e ra n d a h a re a a n d e x c lu s iv e o p e n te rra c e a re a a p p u rte n a n t to th e s a id A p a rtm e n t fo r e x c lu s iv e u s e o f th e A llo tte e / P u rc h a s e r, b u t in c lu d e s th e a re a c o v e re d b y th e in te rn a l p a rtitio n w a lls o f th e a p a rtm e n t. A N D W H E R E A S , p rio r to th e e x e c u tio n o f th e s e p re s e n ts th e A llo tte e / P u rc h a s e r has p a id to th e P ro m o te rs a sum of Rs. _ _ _ _ _ _ _ _ _ _ / - ( R u p e e s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ O n ly ) b e in g p a rt p a y m e n t o f th e s a le c o n s id e ra tio n o f th e A p a rtm e n t a g re e d to b e s o ld b y th e P ro m o te rs to th e A llotte e / P u rc h a s e r a s a d v a n c e p a y m e n t o r a p p lic a tio n fe e o r D e p o s it (th e p a y m e n t a n d re c e ip t w h e re o f th e P ro m o te rs b o th h e re b y a d m it a n d a c k n o w le d g e ) a n d th e A llo tte e / P u rc h a s e r h a s a g re e d to p a y to th e P ro m o te rs th e b a la n c e o f th e s a le c o n s id e ra tio n o f th e A p a rtm e n t a s p re s c rib e d in th e p a y m e n t p la n a s m a y b e d e m a n d e d b y th e P ro m o te rs w ith in th e tim e a n d th e m a n n e r s p e c ifie d th e re in . A N D W H E R E A S th e p a rtie s h a v e g o n e th ro u g h a ll th e te rm s a n d c o n d itio n s s e t o u t in th is A g re e m e n t a n d u n d e rs to o d th e m u tu a l rig h ts a n d o b lig a tio n s d e ta ile d h e re in ; T h e P a rtie s h e re b y c o n firm th a t th e y a re s ig n in g th is A g re e m e n t w ith fu ll k n o w le d g e o f a ll th e la w s , ru le s , re g u la tio n s , n o tific a tio n s , e tc . a p p lic a b le to th e s a id b u ild in g . A N D W H E R E A S u n d e r s e c tio n 4 o f th e M a h a ra s h tra O w n e rs h ip F la ts (R e g u la tio n of th e p ro m o tio n of c o n s tru c tio n , s a le , m a n a g e m e n t & tra n s fe r) A c t 1 9 6 3 , a n d u n d e r s e c tio n 1 3 o f th e R e a l E s ta te (R e g u la tio n a n d D e v e lo p m e n t) A c t 2 0 1 6 , th e P r o m o te rs a re re q u ire d to e x e c u te w ritte n a g re e m e n t fo r s a le o f th e sa id F la t in fa v o u r o f th e P u rc h a s e r b e in g in fa c t th is p re s e n t & a ls o to re g is te r th e s a id a g re e m e n t u n d e r th e R e g is tra tio n A c t, 1 9 0 8 . N o tw ith s ta n d in g a n y th in g s ta te d in any o th e r d o c u m e n t/a llo tm e n t/le tte r g iv e n or c o m m u n ic a te d w ith th e A llo tte e / P u rc h a s e r any tim e p rio r, th is A g re e m e n t s h a ll be c o n s id e re d a s th e o n ly d o c u m e n t a n d its c o n d itio n s h a ll b e re a d a s th e o n ly c o n d itio n s v a lid a n d b a s is fo r w h ic h th e s a id F la t is a g re e d to b e s o ld to th e A llo tte e / P u rc h a s e r. 8 AND WHEREAS, th e P a rtie s re ly in g on th e c o n firm a tio n s , re p re s e n ta tio n s a n d a s s u ra n c e s o f e a c h o th e r to fa ith fu lly a b id e b y a ll th e te rm s , c o n d itio n s and s tip u la tio n s c o n ta in e d in th is A g re e m e n t a n d a ll a p p lic a b le la w s , a re n o w w illin g to e n te r in to th is A g re e m e n t o n th e te rm s a n d c o n d itio n s a p p e a rin g h e re in a fte r; In a c c o rd a n c e w ith th e te rm s a n d c o n d itio n s s e t o u t in th is A g re e m e n t a n d a s m u tu a lly a g re e d u p o n b y a n d b e tw e e n th e P a rtie s , th e P ro m o te rs h e re b y a g re e s to s e ll and th e A llo tte e / P u rc h a s e r h e re b y a g re e s to p u rc h a s e th e s a id F la t. NOW THEREFOR, THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS F O L L O W S :- 1. CONSTRUCTION OF THE BUILDING/APARTMENT : T h e P ro m o te rs s h a ll c o n s tru c t th e s a id b u ild in g c o n s is tin g o f G ro u n d F lo o r P a rk in g a n d S e v e n u p p e r flo o rs o n th e s a id p ro p e rty in a c c o rd a n c e w ith th e p la n s , d e s ig n s and s p e c ific a tio n s as a p p ro v e d b y th e c o n c e rn e d lo c a l a u th o rity fro m tim e to tim e . P ro v id e d th a t th e P ro m o te rs s h a ll have to o b ta in p rio r c o n s e n t in w ritin g o f th e A llo tte e /P urc h a s e r in re s p e c t o f v a ria tio n s o r m o d ific a tio n s w h ic h m a y a d v e rs e ly a ffe c t th e A p a rtm e n t o f th e A llo tte e / P u rc h a s e r e x c e p t a n y a lte ra tio n o r a d d itio n o r m o d ific a tio n in th e s a n c tio n e d p la n , la y o u t p la n s a n d s p e c ific a tio n s o f th e b u ild in g w h ic h a re re q u ire d to b e m a d e b y th e P ro m o te rs in c o m p lia n c e o f a n y d ire c tio n o r o rd e r e tc . is s u e d b y , th e c o m p e te n t a u th o rity o r s ta tu to ry a u th o rity , u n d e r a n y la w o f th e S ta te o r C e n tra l G o v e rn m e n t, fo r th e tim e b e in g in fo rc e o r d u e to c h a n g e in la w . P ro m o te rs m a y a ls o m a k e s u c h m in o r a d d itio n s a n d a lte r a tio n s a s m a y b e re q u ire d b y th e A llo tte e / P u rc h a s e r. 2. CONSIDERATION PRICE OF THE SAID FLAT/APARTMENT : 2 .1 . T h e A llo tte e / P u rc h a s e r h e re b y a g re e s to p u rc h a s e fro m th e P ro m o te rs a n d th e P ro m o te rs h e re b y a g re e s to s e ll to th e A llo tte e / P u rc h a s e r a F la t/ A p a r tm e n t b e a r in g F la t No. _ _ _ _ _ _ _ _ _ _ s it u a t e d o n _ _ _ _ _ _ _ F lo o r , h a v in g c a r p e t a r e a a d m e a s u r in g ________ s q .f t. i.e . ________ s q .m tr s . (approx) in th e s a id b u ild in g known as “ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ” , w h ic h is to b e c o n s tru c te d o n th e s a id p ro p e rty a n d w h ic h is m o re p a rtic u la rly d e s c rib e d in S C H E D U L E - II w ritte n h e re u n d e r a n d h e re in a fte r re fe rre d to a s " T H E S A ID 9 F L A T / A P A R T M E N T " , a s s h o w n in th e F lo o r p la n th e re o f h e re to annexed fo r a m u tu a lly c o n c lu d e d and a g re e d lu m p sum C o n s id e ra tio n of Rs. ______________/- (Rupees _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ O n ly ) . T h e p ric e o f th e s a id F la t is o n th e b a s is o f lu m p s u m o n ly . T h e p ric e o f th e s a id F la t is a s p e r th e p re v a le n t m a rk e t p ric e , a m e n itie s a n d fa c ilitie s . T h e a m o u n t o f c o n s id e ra tio n is fix e d w ith m u tu a l c o n s e n t o f b o th P ro m o te rs a n d P u rc h a s e r a n d th e re is n o d is p u te a b o u t th e s a m e . th e n a tu re , e x te n t a n d d e s c rip tio n o f th e common a re a s and fa c ilitie s w h ic h a re m o re p a rtic u la rly d e s c rib e d in th e S c h e d u le -III h e re in u n d e r w ritte n . T h e P ro m o te rs h a v e a g re e d to p ro v id e a m e n itie s a n d s p e c ific a tio n s in th e s a id F la t w h ic h a re m o re p a rtic u la rly d e s c rib e d as S c h e d u le IV w ritte n h e re u n d e r. 2 .2 . T h e A llo tte e / P u rc h a s e r a g re e s to p a y to th e P ro m o te rs th e amount of th e to ta l C o n s id e ra tio n of th e s a id F la t Rs. _____________/- (Rupees __________ _____________ O n ly ) in th e fo llo w in g m a n n e r :- P e rc e n ta g e P a rtic u la rs 10% As a Advance 20% to b e p a id to th e P ro m o te rs a fte r th e e x e c u tio n o f A g re e m e n t. 15% to b e p a id to th e P ro m o te rs o n c o m p le tio n o f th e P lin th o f th e b u ild in g in w h ic h th e s a id A p a rtm e n t is lo c a te d . 25% to b e p a id to th e P ro m o te rs o n c o m p le tio n o f th e s la b s o f th e b u ild in g in w h ic h th e s a id A p a rtm e n t is lo c a te d . 5% to b e p a id to th e P ro m o te rs o n c o m p le tio n of th e w a lls , in te rn a l p la s te r, flo o rin g s d o o rs a n d w in d o w s o f th e s a id A p a rtm e n t. 5% to b e p a id to th e P ro m o te rs o n c o m p le tio n of th e S a n ita ry fittin g s , s ta irc a s e s , lift w e lls , lo b b ie s u p to th e flo o r le v e l o f th e s a id A p a rtm e n t. 5% to b e p a id to th e P ro m o te rs o n c o m p le tio n of th e e x te rn a l p lu m b in g and e x te rn a l p la s te r, e le v a tio n , te rra c e s w ith w a te rp ro o fin g , o f th e b u ild in g in w h ic h th e s a id A p a rtm e n t is lo c a te d . 10 10% to b e p a id to th e P ro m o te rs o n c o m p le tio n of th e lifts , w a te r pumps, e le c tric a l fittin g s , e le c tro , m e c h a n ic a l and e n v iro n m e n t re q u ire m e n ts , e n tra n c e lo b b y / s , p lin th p ro te c tio n , p a v in g o f a re a s a p p e rta in a n d a ll o th e r re q u ire m e n ts a s m a y b e p re s c r ib e d in th e A g re e m e n t o f s a le of th e b u ild in g in w h ic h th e s a id A p a rtm e n t is lo c a te d . 5% a g a in s t a n d a t th e tim e o f h a n d in g o v e r o f th e p o s s e s s io n o f th e A p a rtm e n t to th e A llo tte e / P u rc h a s e r o n o r a fte r re c e ip t of o c c u p a n c y c e rtific a te o r c o m p le tio n c e rtific a te . Out of th e to ta l amount of c o n s id e ra tio n , The A llo tte e / P u rc h a s e r h a v e p a id a n a m o u n t o f R s . _ _ _ _ _ _ _ _ _ / - (Rupees ______________ O n ly ) to th e P ro m o te rs in th e fo llo w in g m a n n e r - Amount P a rtic u la rs Rs. _______/- (R u p e e s _____________ O n ly ) p a id by C h e q u e N o . _ _ _ _ _ _ _ _ _ _ d a te d _ _ _ _ _ _ _ _ _ d ra w n o n _ _ _ _ _ _ _ _ _ _ _ _ _ . --------------- Rs. ________/- (R u p e e s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ O n ly ) --------------- T h e P ro m o te rs a d m its to h a v e re c e iv e d a n a m o u n t o f R s . _________/- (Rupees _________________ O n ly ) as an a d v a n c e o r a p p lic a tio n fe e , fro m th e A llo tte e / P u rc h a s e r a n d th e A llo tte e / P u rc h a s e r a g re e s to pay th e re m a in in g amount of c o n s id e ra tio n Rs. ____________/- (Rupees _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ O n ly ) a s p e r th e s c h e d u le m e n tio n e d above. T h e A llo tte e / P u rc h a s e r a g re e s a n d u n d e rs ta n d th a t tim e ly payment to w a rd s p u rc h a s e of th e s a id F la t as per payment p la n /s c h e d u le h e re to is th e e s s e n c e o f th e A g re e m e n t. 11 2 .3 . T h e T o t a l P r ic e a b o v e e x c lu d e s T a x e s w h ic h m a y be le v ie d , in c o n n e c t io n w it h t he c o n s tru c tio n of the F la t/ A p a r tm e n t. 2 .4 . T h e T o ta l P ric e is e s c a la tio n -fre e , s a v e a n d e x c e p t e s c a la tio n s /in c re a s e s , w h ic h th e A llo tte e /P u rc h a s e r a g re e s to p a y , d u e to in c re a s e o n a c c o u n t o f d e v e lo p m e n t c h a rg e s p a y a b le to th e c o m p e te n t a u th o rity a n d /o r a n y o th e r in c re a s e in c h a rg e s w h ic h may be le v ie d or im p o s e d by th e c o m p e te n t a u th o r ity Local B o d ie s /G o v e rn m e n t fro m tim e to tim e . T h e P ro m o te rs u n d e rta k e s a n d a g re e s th a t w h ile ra is in g a d e m a n d o n th e A llo tte e / P u rc h a s e r fo r in c re a s e in d e v e lo p m e n t c h a rg e s, c o s t, o r le v ie s im p o s e d b y th e c o m p e te n t a u th o ritie s e tc ., th e P ro m o te rs s h a ll e n c lo s e th e s a id n o tific a tio n /o rd e r/ru le /re g u la tio n p u b lis h e d /is s u e d in th a t b e h a lf to th a t e ffe c t a lo n g w ith th e d e m a n d le tte r b e in g is s u e d to th e A llo tte e / P u rc h a s e r, w h ic h s h a ll o n ly b e a p p lic a b le o n s u b s e q u e n t p a y m e n ts . The P ro m o te rs may c h a rg e th e A llo tte e /P u rc h a s e r s e p a ra te ly fo r a n y u p g ra d a tio n / c h a n g e s s p e c ific a lly re q u e s te d o r a p p ro v e d by th e A llo tte e / P u rc h a s e r in fittin g s , fix tu re s and s p e c ific a tio n s a n d a n y o th e r fa c ility w h ic h h a v e b e e n d o n e o n th e A llo tte e / P u rc h a s e r re q u e s t o r a p p ro v a l b u t w h ic h h a v e n o t b e e n a g re e d u p o n h e re in o r a s s h o w n in th e w e b s ite o f th e re g is te re d a u th o rity . 2 .5 . T h e P ro m o te rs h e re in o n d u e d a te /o r o n r e a c h in g a fo re s a id c o n s tru c tio n m ile s to n e /s ta g e s h a ll in tim a te th e a m o u n t p a y a b le a s s ta te d a b o v e in w ritin g o r b y d ig ita l E-m a il to th e A llo tte e / P u rc h a s e r a n d th e A llo tte e / P u rc h a s e r s h a ll m a k e p a y m e n t o f s u c h d u e a m o u n t to th e P ro m o te rs w ith in s e v e n d a y s fro m d a te o f re c e iv in g s u c h in tim a tio n . 2 .6 . T h e P ro m o te rs m a y a llo w , in its s o le d is c re tio n , a re b a te fo r e a rly p a y m e n ts o f e q u a l in s ta llm e n ts p a y a b le b y th e A llo tte e / P u rc h a s e r b y d is c o u n tin g s u c h e a rly p a y m e n ts @ 6 % p e r a n n u m fo r th e p e rio d b y w h ic h th e re s p e c tiv e in s ta llm e n t h a s b e e n p re p o n e d . T h e p ro v is io n fo r a llo w in g re b a te a n d s u c h ra te o f re b a te s h a ll n o t b e s u b je c t to a n y re v is io n / w ith d ra w a l, o n c e g ra n te d to a n A llo tte e / P u rc h a s e r b y th e P ro m o te rs . 3. MEASUREMENT OF THE CARPET AREA OF THE SAID APARTMENT : T h e P ro m o te rs s h a ll c o n firm th e fin a l c a rp e t a re a o f th e s a id F la t/A p a rtm e n t th a t has been a g re e d to be s o ld to th e A llo tte e / P u rc h a s e r a fte r th e c o n s tru c tio n o f th e s a id B u ild in g s is 12 c o m p le te a n d th e o c c u p a n c y c e rtific a te is g ra n te d b y th e c o m p e te n t a u th o rity , b y fu rn is h in g d e ta ils o f th e c h a n g e s , if a n y , in th e c a rp e t a re a , s u b je c t to a v a ria tio n c a p o f 3 % . T h e to ta l p ric e p a y a b le fo r th e s a id F la t/ A p a rtm e n t s h a ll b e re c a lc u la te d u p o n c o n firm a tio n b y th e a rc h ite c t o f th e s a id b u ild in g . If th e re is a n y re d u c tio n in th e c a rp e t a re a w ith in th e d e fin e d lim it th e n P ro m o te rs s h a ll re fu n d th e e x c e s s m o n e y p a id b y th e A llo tte e /P u rc h a s e r w ith in fo rty -fiv e d a y s w ith a n n u a l in te re s t a t th e ra te s p e c ifie d in th e R u le s , fro m th e d a te when such an excess amount was p a id by th e A llo tte e / P u rc h a s e r. If th e re is a n y in c re a s e in th e c a rp e t a re a o f th e s a id F la t a llo tte d to th e A llo tte e / P u rc h a s e r, th e P ro m o te rs s h a ll d e m a n d a d d itio n a l a m o u n t fro m th e A llo tte e /P u rc h a s e r a s p e r th e n e x t m ile s to n e o f th e p a y m e n t p la n a n d A llo tte e /P u rc h a s e r s h a ll pay fo r th e same w ith o u t w h ic h th e p o s s e s s io n of th e s a id F la t/A p a rtm e n t s h a ll n o t b e g iv e n to th e A llo tte e /P u rc h a s e r. A ll th e m o n e ta r y a d ju s tm e n t s h a ll b e m a d e a t th e s a m e r a te p e r s q .m tr s . a s a g re e d in th is a g re e m e n t. T h a t in s u c h c a s e , th e p a rtie s h e re to a g re e th a t a n o m in a te d s u rv e y o r/a rc h ite c t as an e x p e rt be a p p o in te d m u tu a lly to ta k e h is e x p e rt o p in io n o f m e a s u rin g th e s a id F la t/a p a rtm e n t a n d s u b m ittin g th e s a id d e ta ils . 4. MODE OF PAYMENT : S u b je c t to th e te rm s o f th e A g r e e m e n t a n d th e P r o m o te r s a b id in g b y th e c o n s tru c tio n m ile s to n e s , th e A llo tte e /P u rc h a s e r s h a ll m a k e a ll p a y m e n ts , o n d e m a n d b y th e P r o m o te rs , w ith in th e s tip u la te d tim e a s o n d u e d a te a s p e r th e s c h e d u le m e n tio n e d a b o v e in th e p a y m e n t p la n th ro u g h A / c P a y e e c h e q u e / d e m a n d d ra ft or o n lin e payment (a s a p p lic a b le ) in fa v o u r of ‘_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ’ p a y a b le a t N A S H IK . 5. ADJUSTMENT/APPROPRIATION OF PAYMENTS : The A llo tte e / P u rc h a s e r a u th o riz e s th e P ro m o te rs to a d ju s t/ a p p ro p ria te a ll p a y m e n ts m a d e b y h im u n d e r a n y h e a d (s ) o f dues a g a in s t la w fu l o u ts ta n d in g , if any, in h is name as th e P ro m o te rs may in its s o le d is c re tio n deem fit and th e A llo tte e / P u rc h a s e r u n d e rta k e s not to o b je c t/ d e m a n d / d ire c t th e P ro m o te rs to a d ju s t h is p a y m e n ts in a n y m a n n e r. 6. INTEREST ON UNPAID DUE AMOUNT : W ith o u t p re ju d ic e to th e rig h t o f th e P ro m o te rs to ta k e a c tio n fo r b re a c h a ris in g o u t o f d e la y in p a y m e n t o f th e in s ta llm e n ts o n 13 th e d u e d a te s , th e A llo tte e / P u rc h a s e r s h a ll b e b o u n d a n d lia b le to p a y in te re s t a s p e r S ta te B a n k o f In d ia h ig h e s t M a rg in a l c o s t o f L e n d in g R a te p lu s 2 % p e r a n n u m , w ith m o n th ly re s ts , o n a ll th e a m o u n ts w h ic h b e c o m e d u e a n d p a y a b le b y a n d A llo tte e / P u rc h a s e r to th e P ro m o te rs till th e d a te o f a c tu a l p a y m e n t, p ro v id e d th a t te n d e r o f th e p rin c ip a l a m o u n ts a n d in te re s t o r te n d e r o f th e in te re s t a n d e x p e n s e s th e re o f s h a ll n o t its e lf b e c o n s id e re d a s w a iv e r o f th e rig h t o f th e P ro m o te rs u n d e r th is A g re e m e n t, n o r s h a ll it b e c o n s tru e d a s c o n d o n a tio n o f d e la y b y th e P ro m o te rs . T h e a m o u n t o f in te re s t m a y b e in fo rm e d to b e A llo tte e / P u rc h a s e r fro m tim e to tim e o r o n c o m p le tio n o f th e s a id F la t/A p a rtm e n t a n d th e A llo tte e / P u rc h a s e r h a s / h a v e a g re e d to p a y th e s a m e a s a n d w h e n d e m a n d e d b e fo re th e p o s s e s s io n o f th e s a id a p a rtm e n t. 7. OBSERVATION OF CONDITION IMPOSED BY LOCAL/PLANNING AUTHORITY : T h e P ro m o te rs h e re b y a g re e s to o b s e rv e , p e rfo rm a n d c o m p ly w ith a ll th e te rm s , c o n d itio n s , s tip u la tio n s a n d re s tric tio n s if a n y , w h ic h m a y h a v e b e e n im p o s e d b y th e c o n c e rn e d lo c a l a u th o rity S ta te a n d o r C e n tra l a u th o rity in c lu d in g E n v iro n m e n t D e p a rtm e n t a t th e tim e o f s a n c tio n in g th e s a id p la n s o r a n y tim e th e re a fte r o r a t th e tim e o f g ra n tin g c o m p le tio n c e rtific a te o r a n y tim e th e re a fte r. T h e P ro m o te rs s h a ll b e fo re h a n d in g o v e r p o s s e s s io n o f th e s a id F la t/A p a rtm e n t to th e A llo tte e /P u rc h a s e r, o b ta in fro m th e c o n c e rn e d p la n n in g /lo c a l a u th o rity o c c u p a n c y a n d /o r c o m p le tio n c e rtific a te s in re s p e c t o f th e s a id F la t/A p a rtm e n t. N o tw ith s ta n d in g a n y th in g to th e c o n tra ry c o n ta in e d h e re in , th e A llo tte e / P u rc h a s e r s h a ll n o t th e e n title d to c la im p o s s e s s io n o f th e s a id F la t/ A p a rtm e n t u n til th e c o m p le tio n c e rtific a te is re c e iv e d fro m th e lo c a l a u th o rity a n d A llo tte e /P u rc h a s e r h a s p a id a ll d u e s p a y a b le u n d e r th is a g re e m e n t in re s p e c t o f th e s a id F la t/a p a rtm e n t to th e P ro m o te rs and has p a id th e n e c e s s a ry m a in te n a n c e a m o u n t/ d e p o s it, s e rv ic e ta x , V a t, G .S .T . a n d o th e r ta x e s p a y a b le u n d e r th is a g re e m e n t o f th e s a id F la t/A p a rtm e n t to th e P ro m o te rs . H o w s o e v e r fo r th e p u rp o s e o f d e fe c t lia b ility o n to w a rd s th e P ro m o te rs , th e d a te s h a ll b e c a lc u la te d fro m th e d a te o f h a n d in g o v e r p o s s e s s io n to th e A llo tte e /P u rc h a s e r fo r fit o u ts a n d in te rio r w o rk s a n d th a t th e s a id lia b ility s h a ll b e th o s e re s p o n s ib ilitie s w h ic h a re n o t c o v e re d u n d e r m a in te n a n c e o f th e s a id F la t/b u ild in g a s s ta te d in th e s a id a g re e m e n t. T h a t fu rth e r it h a s b e e n a g re e d b y th e A llo tte e / P u rc h a s e r th a t a n y d a m a g e o r c h a n g e d o n e w ith in th e 14 s a id F la t o r in th e s a id b u ild in g d o n e b y h im o r b y a n y th ird p e rs o n on and b e h a lf of th e A llo tte e /P u rc h a s e r th e n th e A llo tte e / P u rc h a s e r e x p re s s ly a b s o lv e s th e P ro m o te rs fo r th e s a m e lia b ility a n d s p e c ific a lly c o n s e n ts th a t o n s u c h a c t d o n e , h e s h a ll w a iv e h is rig h t to e n fo rc e th e d e fe c t lia b ility o n a n d to w a rd s th e P ro m o te rs . 8. DISCLOSURE AS TO FLOOR SPACE INDEX : T h e P ro m o te rs h e re b y d e c la re s th a t th e F lo o r S p a c e In d e x a v a ila b le a t th e tim e o f s a n c tio n in g th e p la n s w a s 1 .1 a n d a s o n d a te th e F lo o r S p a c e In d e x a v a ila b le w ith re s p e c t to th e s a id p ro p e rty is 1 .1 o f th e p ro je c t la n d /s a id p ro p e rty i.e .--------- s q u a re m e te rs o n ly a n d th e P ro m o te rs h a s p la n n e d to u tiliz e F lo o r S p a c e In d e x o f -------- s q .m trs . b y a v a ilin g o f T D R w h ic h is 4 0 % o f th e p ro je c t la n d a n d F S I a v a ila b le o n p a y m e n t o f p re m iu m s w h ic h is --- --------- s q .m trs . o r F S I a v a ila b le a s in c e n tiv e F S I b y im p le m e n tin g v a rio u s scheme as m e n tio n e d in th e D e v e lo p m e n t C o n tro l R e g u la tio n o r b a s e d o n e x p e c ta tio n o f in c re a s e d F S I w h ic h m a y b e a v a ila b le in fu tu re on m o d ific a tio n to D e v e lo p m e n t C o n tro l R e g u la tio n s , w h ic h a re a p p lic a b le to th e s a id P ro je c t. The P ro m o te rs h a s d is c lo s e d th e F lo o r S p a c e In d e x o f ------a s p ro p o s e d to b e u tiliz e d b y th e m o n th e p ro je c t la n d in th e s a id P ro je c t a n d A llo tte e / P u rc h a s e r h a s a g re e d to p u rc h a s e th e s a id F la t/ A p a rtm e n t b a s e d o n th e p ro p o s e d c o n s tru c tio n a n d s a le o f a p a rtm e n ts to b e c a rrie d o u t b y th e P ro m o te rs b y u tiliz in g th e p ro p o s e d F S I a n d o n th e u n d e rs ta n d in g th a t th e d e c la re d p ro p o s e d F S I s h a ll b e lo n g to P ro m o te rs o n ly . 9. DISCLOSURE AND INVESTIGATION OF MARKETBALE TITLE : T h e P ro m o te rs h a s m a d e fu ll a n d tru e d is c lo s u re o f th e title o f th e s a id p ro p e rty a s w e ll a s e n c u m b ra n c e s , if a n y , k n o w n to th e P ro m o te rs in th e title re p o rt o f th e a d v o c a te . T h e P ro m o te rs h a s a ls o d is c lo s e d to th e A llo tte e / P u rc h a s e r n a tu re o f its rig h t, title a n d in te re s t o r rig h t to c o n s tru c t b u ild in g , a n d a ls o g iv e n in s p e c tio n o f a ll d o c u m e n ts to th e A llo tte e / P u rc h a s e r a s r e q u ire d b y th e la w . T h e A llo tte e / P u rc h a s e r h a v in g a c q u a in te d h im s e lf w ith a ll fa c ts a n d rig h t o f th e P ro m o te rs a n d a fte r s a tis fa c tio n o f th e s a m e h a s e n te re d in to th is A g re e m e n t. 10. SPECIFICATION AND AMENITIES : 15 T h e s p e c ific a tio n s a n d a m e n itie s to b e p ro v id e d b y th e P ro m o te rs in th e s a id b u ild in g a n d th e s a id F la t/ A p a rtm e n t a re th o s e th a t a re s e t o u t in S c h e d u le IV w ritte n h e re in u n d e r. In th e p ro je c t m u lti s to rie d h ig h ris e b u ild in g is u n d e r c o n s tru c tio n a n d c o n s id e rin g to m a in ta in th e s ta b ility o f th e b u ild in g a n d in te rn a l s tru c tu re s , h e re in s p e c ific a lly in fo rm e d b y its c o n s u lta n t n o t to a llo w a n y in te rn a l c h a n g e s . A s p e r P ro m o te rs p o lic y th e re s h a ll b e n o c u s to m iz a tio n p e rm itte d in s id e th e s a id F la t/A p a rtm e n t. C h a n g e s s u c h a s c iv il, e le c tric a l, p lu m b in g e tc . s h a ll n o t b e a llo w e d d u rin g c o n s tru c tio n a n d till d e liv e ry o f p o s s e s s io n . 11. COMPLIANCE OF LAW RELATING TO REMITANCES : 1 1 .1 . T h e A llo tte e /P u rc h a s e r, if re s id e n t o u ts id e In d ia , s h a ll b e s o le ly re s p o n s ib le fo r c o m p ly in g w ith th e n e c e s s a ry fo rm a l itie s a s la id d o w n in F o re ig n E x c h a n g e M a n a g e m e n t A c t, 1 9 9 9 , R e s e rv e B a n k o f In d ia A c t a n d R u le s a n d R e g u la tio n s m a d e th e re u n d e r o r a n y s ta tu to ry a m e n d m e n t(s ) m o d ific a tio n (s ) m a d e th e re o f a n d a ll o th e r a p p lic a b le la w s in c lu d in g th a t o f re m itta n c e o f p a y m e n t a c q u is itio n / s a le / tra n s fe r o f im m o v a b le p ro p e rtie s in In d ia e tc . a n d p ro v id e th e P ro m o te rs w ith s u c h p e rm is s io n , a p p ro v a ls w h ic h w o u ld e n a b le th e P ro m o te rs to fu lfill its o b lig a tio n s u n d e r th is A g re e m e n t. A n y re fu n d , tra n s fe r o f s e c u rity , if p ro v id e d in t e rm s o f th e A g re e m e n t s h a ll b e m a d e in a c c o rd a n c e w ith th e p ro v is io n s o f F o re ig n E x c h a n g e M a n a g e m e n t A c t, 1 9 9 9 o r s ta tu to ry e n a c tm e n ts o r a m e n d m e n ts th e re o f a n d th e R u le s a n d R e g u la tio n s o f th e R e s e rv e Bank of In d ia or any o th e r a p p lic a b le la w . The A llo tte e /P u rc h a s e r u n d e rs ta n d s a n d a g re e s th a t in th e e v e n t o f a n y fa ilu re o n h is p a rt to c o m p ly w ith th e a p p lic a b le g u id e lin e s is s u e d b y th e R e s e rv e B a n k o f In d ia , h e s h a ll b e lia b le fo r a n y a c tio n u n d e r th e F o re ig n E x c h a n g e M a n a g e m e n t A c t, 1 9 9 9 o r o th e r la w s a s a p p lic a b le , a s a m e n d e d fro m tim e to tim e . 1 1 .2 . T h e P ro m o te rs a c c e p ts n o re s p o n s ib ility in th is re g a rd . T h e A llo tte e / P u rc h a s e r s h a ll k e e p th e P ro m o te rs fu lly in d e m n ifie d a n d h a rm le s s in th is re g a rd . W h e n e v e r th e re is a n y c h a n g e in th e re s id e n tia l s ta tu s of th e A llo tte e /P u rc h a s e r subsequent to th e s ig n in g o f th is A g re e m e n t, it s h a ll b e th e s o le re s p o n s ib ility o f th e A llo tte e / P u rc h a s e r to in tim a te th e s a m e in w ritin g to th e P ro m o te rs im m e d ia te ly a n d c o m p ly w ith n e c e s s a ry fo rm a litie s if a n y u n d e r th e a p p lic a b le la w s . T h e P ro m o te rs s h a ll n o t b e re s p o n s ib le to w a rd s a n y th ird p a rty m a k in g p a y m e n t/ re m itta n c e s o n b e h a lf o f a n y A llo tte e / P u rc h a s e r a n d s u c h th ird p a rty s h a ll n o t h a v e a n y rig h t in 16 th e a p p lic a tio n / a llo tm e n t o f th e s a id a p a rtm e n t a p p lie d fo r h e re in in a n y w a y a n d th e P ro m o te rs s h a ll b e is s u in g th e p a y m e n t re c e ip ts in fa v o u r o f th e A llo tte e / P u rc h a s e r o n ly . 12. TIME IS THE ESSENCE : 1 2 .1 . T im e is e s s e n c e fo r th e P ro m o te rs a s w e ll a s th e A llo tte e / P u rc h a s e r. T h e P ro m o te rs s h a ll a b id e b y th e tim e s c h e d u le fo r c o m p le tin g th e p ro je c t and h a n d in g over th e s a id F la t/A p a rtm e n t to th e A llo tte e /P u rc h a s e r a n d th e c o m m o n a re a s to th e a s s o c ia tio n of th e A llo tte e / P u rc h a s e r a fte r re c e iv in g th e o c c u p a n c y c e rtific a te o r th e c o m p le tio n c e rtific a te o r b o th , a s th e c a s e m a y b e . S im ila rly , th e A llo tte e /P u rc h a s e r s h a ll m a k e tim e ly p a y m e n ts o f th e in s ta llm e n t a n d o th e r d u e s p a y a b le b y h im a n d m e e tin g th e o th e r o b lig a tio n s u n d e r th e A g r e e m e n t s u b je c t to th e s im u lta n e o u s c o m p le tio n of c o n s tru c tio n by th e P ro m o te rs as p ro v id e d in th is a g re e m e n t. 1 2 .2 . If th e P ro m o te rs fa ils to a b id e b y th e tim e s c h e d u le fo r c o m p le tin g th e p ro je c t a n d h a n d in g o v e r th e s a id F la t/A p a rtm e n t to th e A llo tte e / P u rc h a s e r, th e P ro m o te rs a g re e s to pay to th e A llo tte e / P u rc h a s e r, w h o d o e s n o t in te n d to w ith d ra w fro m th e p ro je c t, in te re s t a s s p e c ifie d in th e R u le , o n a ll th e a m o u n ts p a id by th e A llo tte e /P u rc h a s e r, fo r e v e ry m o n th of d e la y , till th e h a n d in g o v e r o f th e p o s s e s s io n . T h e A llo tte e /P u rc h a s e r a g re e s to p a y to th e P ro m o te rs , in te re s t a s s p e c ifie d in th e R u le , o n a ll th e d e la y e d payment w h ic h become due and p a y a b le by th e A llo tte e / P u rc h a s e r to th e P ro m o te rs under th e te rm s of th is A g re e m e n t fro m th e d a te th e s a id a m o u n t is p a y a b le b y th e A llo tte e / P u rc h a s e r to th e P ro m o te rs . 13. TERMINATION OF AGREEMENT : 1 3 .1 . W ith o u t p re ju d ic e to th e rig h t o f P ro m o te rs to c h a rg e in te re s t a s m e n tio n e d a b o v e , o n th e A llo tte e / P u rc h a s e r c o m m ittin g d e fa u lt in p a y m e n t o n d u e d a te o f a n y a m o u n t d u e a n d p a y a b le b y th e A llo tte e / P u rc h a s e r to th e P ro m o te rs u n d e r th is A g re e m e n t (in c lu d in g h is p ro p o rtio n a te s h a re o f ta x e s le v ie d b y c o n c e rn e d lo c a l a u th o rity a n d o th e r o u tg o in g s ) a n d o n th e A llo tte e / P u rc h a s e r c o m m ittin g th re e d e fa u lts of payment of in s ta llm e n ts , th e P ro m o te rs s h a ll a t th e ir o w n o p tio n , m a y te rm in a te th is A g re e m e n t: P ro v id e d th a t, P ro m o te rs s h a ll g iv e n o tic e o f fifte e n d a y s in w ritin g to th e A llo tte e /P u rc h a s e r, b y R e g is te re d P o s t A D a t th e a d d re s s p ro v id e d b y th e A llo tte e / P u rc h a s e r a n d / o r m a il a t th e e - 17 m a il a d d re s s p r o v id e d b y th e A llo tte e /P u r c h a s e r , o f th e ir in te n tio n to te rm in a te th is A g re e m e n t a n d o f th e s p e c ific b re a c h o r b re a c h e s o f te rm s a n d c o n d itio n s in re s p e c t o f w h ic h it is in te n d e d to te rm in a te th e A g re e m e n t. If th e A llo tte e / P u rc h a s e r fa ils to re c tify th e b re a c h o r b re a c h e s m e n tio n e d b y th e P ro m o te rs w ith in th e p e rio d o f n o tic e th e n a t th e e n d o f s u c h n o tic e p e rio d , P ro m o te rs s h a ll b e e n title d to te rm in a te th is A g re e m e n t. P ro v id e d fu rth e r th a t u p o n te rm in a tio n o f th is A g re e m e n t a s a fo re s a id , th e P ro m o te rs s h a ll re fu n d to th e A llo tte e / P u rc h a s e r (s u b je c t to th e d e d u c tio n o f 1 0 % o f th e to ta l a m o u n t till th e n re c e iv e d b y th e P ro m o te rs to w a rd s th e a d ju s tm e n t a n d re c o v e ry o f a n y a d m in is tra tiv e e x p e n s e s a n d a n a m o u n t fo r a g re e d liq u id a te d d a m a g e s o r a n y o th e r a m o u n t w h ic h m a y b e p a y a b le to P ro m o te rs ) w ith in a p e rio d o f th irty d a y s o f th e te rm in a tio n , th e in s ta llm e n ts o f s a le c o n s id e ra tio n o f th e s a id F la t/A p a rtm e n t w h ic h m a y till th e n h a v e b e e n p a id b y th e A llo tte e /P u rc h a s e r to th e P ro m o te rs a n d th e P ro m o te rs h e re in s h a ll b e e n title d to d e a l w ith s a id F la t/ A p a rtm e n t w ith a n y p ro s p e c tiv e b u y e r. D e la y in is s u a n c e o f a n y re m in d e r/ s o r n o tic e s fro m th e P ro m o te rs s h a ll n o t b e c o n s id e re d a s w a iv e r o f P ro m o te rs a b s o lu te rig h t to te rm in a te th is A g re e m e n t. 1 3 .2 . F o r w h a ts o e v e r re a s o n if th e A llo tte e /P u rc h a s e r h e re in , w ith o u t a n y d e fa u lt o r b re a c h o n h is p a rt, d e s ire to te rm in a te th is A g re e m e n t/ tra n s a c tio n in re s p e c t o f th e s a id F la t/ a p a rtm e n t th e n , th e A llo tte e / P u rc h a s e r h e re in s h a ll is s u e a p rio r w ritte n n o tic e to th e P ro m o te rs a s to th e in te n tio n o f th e A llo tte e / P u rc h a s e r a n d o n s u c h re c e ip t o f n o tic e th e P ro m o te rs h e re in s h a ll b e e n title d to d e a l w ith th e s a id a p a rtm e n t w ith p ro s p e c tiv e b u y e rs . A fte r re c e ip t o f s u c h n o tic e o f in te n tio n to te rm in a te th is a g re e m e n t th e P ro m o te rs s h a ll is s u e a 1 5 d a y s n o tic e in w ritin g c a llin g u p o n h im /h e r/th e m to e x e c u te a n d re g is te r D e e d o f C a n c e lla tio n . O n ly u p o n th e e x e c u tio n a n d re g is tra tio n o f D e e d o f C a n c e lla tio n th e A llo tte e / P u rc h a s e r s h a ll b e e n title d to re c e iv e th e re fu n d o f c o n s id e ra tio n , s u b je c t to te rm s o f th is a g re e m e n t. 1 3 .3 . It is s p e c ific a lly a g re e d b e tw e e n th e p a rtie s h e re to th a t, if th e tra n s a c tio n in re s p e c t o f th e s a id a p a rtm e n t b e tw e e n th e P ro m o te rs a n d A llo tte e / P u rc h a s e r h e re in te rm in a te d a s s ta te d in s u b -p a ra h e re in a b o v e w ritte n th e n a ll th e in s tru m e n ts u n d e r w h a ts o e v e r h e a d e x e c u te d b e tw e e n th e p a rtie s h e re to o r b e tw e e n th e P ro m o te rs a n d A llo tte e / P u rc h a s e r h e re in , in re s p e c t o f th e s a id a p a rtm e n t, s h a ll s ta n d s a u to m a tic a lly c a n c e lle d a n d e ith e r p a rty 18 h a v e n o rig h t, title , in te re s t o r c la im a g a in s t e a c h o th e r e x c e p t a s p ro v id e d h e re in a fte r. 14. POSSESSION OF THE APARTMENT : 1 4 .1 . T h e P ro m o te rs a g re e s a n d u n d e rs ta n d th a t th e tim e ly d e liv e ry o f p o s s e s s io n o f th e s a id F la t/a p a rtm e n t is th e e s s e n c e o f th is A g re e m e n t, s u b je c t to re c e ip t o f fu ll c o n s id e ra tio n / to ta l p ric e o f th e s a id F la t/ a p a rtm e n t a n d a ll th e d u e s o f th e P ro m o te rs a n d ta x e s th e re o n a re p a id b y th e A llo tte e / P u rc h a s e r in re s p e c t o f th e s a id F la t/ a p a rtm e n t in te rm s o f th is p re s e n ts , th e P ro m o te rs , b a s e d o n th e a p p ro v e d p la n s a n d s p e c ific a tio n s , s h a ll g iv e p o s s e s s io n o f th e s a id F la t/ A p a rtm e n t to th e A llo tte e / P u rc h a s e r o n o r b e fo re ________ day of _____ 20_____. If th e P ro m o te rs fa ils o r n e g le c ts to g iv e p o s s e s s io n o f th e s a id F la t/ A p a rtm e n t to th e A llo tte e / P u rc h a s e r on account of re a s o n s b e y o n d th e ir c o n tro l a n d o f th e ir a g e n ts b y th e a fo re s a id d a te th e n th e P ro m o te rs s h a ll b e lia b le o n d e m a n d to re fu n d to th e A llo tte e / P u rc h a s e r th e a m o u n ts a lre a d y re c e iv e d b y th e m in re s p e c t o f th e s a id F la t/A p a rtm e n t w ith in te re s t a t th e s a m e ra te a s m a y m e n tio n e d in th is a g re e m e n t h e re in a b o v e fro m th e d a te th e P ro m o te rs re c e iv e d th e s u m till th e d a te th e a m o u n ts a n d in te re s t th e re o n is re p a id . P ro v id e d th a t th e P ro m o te rs s h a ll b e e n title d to re a s o n a b le e x te n s io n o f tim e a s a g re e d b y a n d b e tw e e n th e p a rtie s fo r g iv in g d e liv e ry o f s a id F la t/ A p a rtm e n t o n th e a fo re s a id d a te a n d th e s a m e s h a ll n o t in c lu d e th e p e rio d o f e x te n s io n g iv e n b y th e a u th o rity fo r re g is tra tio n . F u rth e r if th e c o m p le tio n o f b u ild in g in w h ic h th e A p a rtm e n t is to b e s itu a te d is d e la y e d o n a c c o u n t o f - (i) w a r, c iv il c o m m o tio n , flo o d , d ro u g h t, fire , c y c lo n e , e a rth q u a k e , a c t o f g o d o r a n y c a la m ity b y n a tu re a ffe c tin g th e re g u la r d e v e lo p m e n t o f th e re a l e s ta te p ro je c t (“ F o rc e M a je u re ” ) (ii) E x te n s io n o f tim e fo r g iv in g p o s s e s s io n a s m a y b e p e r m itte d b y th e R e g u la to ry a u th o rity u n d e r R e a l E s ta te (R e g u la tio n a n d D e v e lo p m e n t) A c t, 2 0 1 6 fo r re a s o n w h e re a c tu a l w o rk o f s a id b u ild in g c o u ld not be c a rrie d by th e P ro m o te rs as per th e s a n c tio n e d p la n d u e to s p e c ific s ta y o r in ju n c tio n o rd e r re la te d to th e s a id p ro je c t fro m a n y c o u rt o f la w , o r T rib u n a l, C o m p e te n t a u th o rity , s ta tu to ry a u th o rity , h ig h p o w e r c o m m itte e e tc . o r d u e to s u c h c irc u m s ta n c e s a s m a y b e d e c id e d b y th e a u th o rity . (iii) a n y n o tic e , o rd e r, ru le , n o tific a tio n o f th e G o v e rn m e n t a n d / o r o th e r p u b lic o r c o m p e te n t a u th o rity /c o u rt. 19 If, h o w e v e r th e c o m p le tio n o f th e b u ild in g is d e la y e d d u e to th e F o rc e M a je u re c o n d itio n s th e n th e A llo tte e / P u rc h a s e r a g re e s th a t th e P ro m o te rs s h a ll b e e n title d to th e e x te n s io n o f tim e fo r d e liv e ry o f p o s s e s s io n o f th e s a id F la t/A p a rtm e n t p ro v id e d th a t s u c h F o rc e M a je u re c o n d itio n s a re n o t o f a n a tu re w h ic h m a k e it im p o s s ib le fo r th e c o n tra c t to be im p le m e n te d . The A llo tte e / P u rc h a s e r a g re e s and c o n firm s th a t in th e event it b e c o m e s im p o s s ib le fo r th e P ro m o te rs to im p le m e n t th e p ro je c t d u e to F o rc e M a je u re c o n d itio n s , th e n th is a llo tm e n t/ s e ll s h a ll s ta n d te rm in a te d and th e P ro m o te rs s h a ll re fu n d to th e A llo tte e / P u rc h a s e r th e e n tire a m o u n t re c e iv e d b y th e P ro m o te rs fro m th e A llo tte e /P u rc h a s e r w ith in 3 0 d a y s fro m th a t d a te . A fte r any re fu n d of money p a id by th e A llo tte e /P u rc h a s e r, th e A llo tte e / P u rc h a s e r a g re e s th a t h e s h a ll n o t h a v e a n y rig h ts , c la im s e tc . a g a in s t th e P ro m o te rs a n d th e P ro m o te rs s h a ll b e re le a s e d a n d d is c h a rg e fro m a ll its o b lig a tio n s and lia b ilitie s under th is A g re e m e n t. 15. PROCEDURE FOR TAKING POSSESSION : 1 5 .1 . T h e P ro m o te rs , upon o b ta in in g th e occupancy c e rtific a te fro m th e lo c a l/c o m p e te n t/p la n n in g a u th o rity s h a ll o ffe r in w ritin g to th e A llo tte e / P u rc h a s e r in tim a tin g th a t th e s a id F la t/A p a rtm e n t is re a d y fo r use and o c c u p a tio n . The A llo tte e / P u rc h a s e r h e re in s h a ll in s p e c t th e s a id F la t/ A p a rtm e n t in a ll re s p e c t to c o n firm th a t th e s a m e is in a c c o rd a n c e w ith th e te rm s and c o n d itio n s of th is a g re e m e n t, c o m p le te th e payment of c o n s id e ra tio n /to ta l p ric e a n d d u e s to th e P ro m o te rs a s p e r te rm s a n d c o n d itio n s o f th is a g re e m e n t a n d ta k e th e p o s s e s s io n o f th e s a id a p a rtm e n t w ith in 1 5 d a y s fro m th e d a te o f w ritte n in tim a tio n is s u e d b y th e P ro m o te rs to th e A llo tte e / P u rc h a s e r h e re in . T h e P ro m o te rs s h a ll g iv e p o s s e s s io n o f th e s a id F la t/ A p a rtm e n t to th e A llo tte e / P u rc h a s e r. The P ro m o te rs a g re e s and u n d e rta k e s to in d e m n ify th e A llo tte e / P u rc h a s e r in c a s e o f fa ilu re o f fu lfillm e n t o f a n y o f th e p ro v is io n s , fo rm a litie s , d o c u m e n ta tio n o n p a rt o f th e P ro m o te rs . T h e A llo tte e / P u rc h a s e r a g re e (s ) to p a y th e m a in te n a n c e c h a rg e s as d e te rm in e d by th e P ro m o te rs or a s s o c ia tio n of A llo tte e / P u rc h a s e r, a s th e c a s e m a y b e . T h e P ro m o te rs o n its b e h a lf s h a ll o ffe r th e p o s s e s s io n to th e A llo tte e in w ritin g w ith in 7 d a y s o f re c e iv in g th e o c c u p a n c y c e rtific a te o f th e P ro je c t. 1 5 .2 . T h e A llo tte e s h a ll ta k e p o s s e s s io n o f th e A p a rtm e n t w ith in tim e fra m e g iv e n in th e w ritte n n o tic e fro m th e p ro m o to rs to 20 th e A llo tte e / P u rc h a s e r in tim a tin g th a t th e s a id A p a rtm e n ts a re re a d y fo r u s e a n d o c c u p a n c y . 1 5 .3 . It s h a ll b e e x p re s s ly a g re e d th a t w h e re v e r it is th e re s p o n s ib ility o f th e A llo tte e /P u rc h a s e r to a p p ly a n d g e t n e c e s s a ry s e rv ic e s th e s a m e s h a ll n o t b e u n d e rta k e n b y th e P ro m o te rs a n d th e A llo tte e / P u rc h a s e r s h a ll b e s o le ly re s p o n s ib le fo r th e s a m e . 16. FAILURE OF ALLOTTEE/PURCHASER TO TAKE POSSESSION : U p o n re c e iv in g a w ritte n in tim a tio n fro m th e P ro m o te rs a s p e r c la u s e 1 4 , th e A llo tte e /P u rc h a s e r s h a ll ta k e p o s s e s s io n o f th e s a id F la t/ A p a rtm e n t fro m th e P ro m o te rs b y e x e c u tin g n e c e s s a ry in d e m n itie s , u n d e rta k in g s and such o th e r d o c u m e n ta tio n as p re s c rib e d in th is A g re e m e n t, and th e P ro m o te rs s h a ll g iv e p o s s e s s io n o f th e s a id F la t/A p a rtm e n t to th e A llo tte e /P u rc h a s e r. In case th e A llo tte e /P u rc h a s e r fa ils or c o m m its d e la y in ta k in g p o s s e s s io n o f th e s a id F la t/A p a rtm e n t w ith in th e tim e p ro v id e d a s m e n tio n e d a b o v e , s u c h A llo tte e /P u r c h a s e r s h a ll c o n tin u e to b e lia b le to p a y m a in te n a n c e c h a rg e s a s a p p lic a b le a s w e ll a s p ro p e rty ta x , e le c tric ity c h a rg e s a n d a n y o th e r e x p e n s e s a n d o u tg o in g in re s p e c t o f th e s a id F la t/A p a rtm e n t a n d th e P ro m o te rs s h a ll n o t b e lia b le fo r th e m a in te n a n c e , wear and te a r of th e s a id F la t/A p a rtm e n t. 17. COMPENSATION : That th e A llo tte e / P u rc h a s e r has g iv e n h is s p e c ific c o n firm a tio n h e re in th a t th e re s p o n s ib ility o f title o f th e s a id p ro p e rty b e o n th e P ro m o te rs u p a n d u n til th e c o n v e y a n c e o f th e s a id b u ild in g a n d th e s a id p ro p e rty th e re u n d e r. E x c e p t o r o c c u r r e n c e o f th e e v e n ts s ta tin g h e r e in a b o v e , if th e P ro m o te rs fa ils to c o m p le te o r is u n a b le to g iv e p o s s e s s io n o f th e A p a rtm e n t (i) in a c c o rd a n c e w ith th e te rm s o f th is A g re e m e n t, d u ly c o m p le te d by th e d a te s p e c ifie d h e re in ; or (ii) due to d is c o n tin u a n c e o f h is b u s in e s s a s a P ro m o te rs o n a c c o u n t o f s u s p e n s io n o r re v o c a tio n o f th e re g is tra tio n u n d e r th e A c t; o r fo r a n y o th e r re a s o n ; th e P ro m o te rs s h a ll b e l ia b le , o n d e m a n d to th e A llo tte e / P u rc h a s e r, in case th e A llo tte e / P u rc h a s e r w is h e s to w ith d ra w n fro m th e p ro je c t, w ith o u t p re ju d ic e to a n y o th e r re m e d y a v a ila b le , to re tu rn th e to ta l a m o u n t re c e iv e d b y h im in re s p e c t o f th e A p a rtm e n t, w ith th e in te re s t a s p e r S ta te B a n k o f In d ia h ig h e s t M a rg in a l C o s t o f L e n d in g R a te p lu s 2 % p e rc e n t p e r a n n u m w ith in 21 3 0 d a y s in c lu d in g c o m p e n s a tio n in th e m a n n e r a s p ro v id e d u n d e r th e A c t. P ro v id e d th a t w h e re if th e A llo tte e / P u rc h a s e r d o e s n o t in te n d to w ith d ra w fro m th e s a id p ro p e rty , th e P ro m o te rs s h a ll p a y th e A llo tte e / P u rc h a s e r in te re s t a s p e r th e S ta te B a n k o f In d ia h ig h e s t M a rg in a l c o s t o f L e n d in g R a te p lu s 2 % , o n a ll th e a m o u n ts p a id b y th e A llo tte e / P u rc h a s e r, fo r e v e ry m o n th o f d e la y , till th e h a n d in g o v e r o f th e p o s s e s s io n o f th e A p a rtm e n t. 18. DEFECT LIABILITY : If w ith in a p e rio d o f fiv e y e a rs fro m th e d a te o f h a n d in g o v e r th e A p a rtm e n t to th e A llo tte e / P u rc h a s e r, th e A llo tte e / P u rc h a s e r b rin g s to th e n o tic e o f th e P ro m o te rs a n y s tru c tu ra l d e fe c t in th e A p a rtm e n t o r th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d o r a n y d e fe c ts o n a c c o u n t o f w o rk m a n s h ip , q u a lity o r p ro v is io n o f s e rv ic e , th e n , w h e re v e r p o s s ib le s u c h d e fe c ts s h a ll b e re c tifie d b y th e P ro m o te rs a t th e ir o w n c o s t a n d in c a s e it is n o t p o s s ib le to re c tify s u c h d e fe c ts , th e n th e A llo tte e /P u rc h a s e r s h a ll b e e n title d to re c e iv e fro m th e P ro m o te rs , c o m p e n s a tio n fo r s u c h d e fe c t in th e m a n n e r a s p r o v id e d u n d e r th e A c t. If th e re is a n y d is p u te re g a rd in g a n y d e fe c t in th e b u ild in g o r th e m a te ria l u s e d th e m a tte r s h a ll, w ith in a p e rio d o f 5 y e a rs fro m th e d a te o f h a n d in g o v e r p o s s e s s io n , o n p a y m e n t o f s u c h fe e s a s m a y b e d e te rm in e d b y th e re g u la to r y a u th o r ity , b e r e fe rr e d fo r th e d e c is io n to th e a d ju d ic a tin g o ffic e r a p p o in te d u n d e r th e p ro v is io n o f R e a l E s ta te (R e g u la tio n a n d D e v e lo p m e n t) A c t, 2 0 1 6 . P ro v id e d h o w e v e r th a t th e A llo tte e / P u rc h a s e r s h a ll n o t c a rry o u t a n y a lte ra tio n s o f w h a ts o e v e r n a tu re in th e s a id F la t/A p a rtm e n t o r in th e s a id b u ild in g w h ic h s h a ll in c lu d e b u t n o t lim it to c o lu m n s , b e a m s e tc . o r in th e fittin g s th e re in in p a rtic u la r it is h e re b y a g re e d th a t th e A llo tte e / P u rc h a s e r s h a ll n o t m a k e a n y a lte ra tio n in a n y o f th e fittin g s , p ip e s , w a te r s u p p ly c o n n e c tio n s o r a n y e re c tio n o r a lte ra tio n in th e b a th ro o m , to ile t a n d k itc h e n w h ic h m a y re s u lt in s e e p a g e o f th e w a te r. If a n y o f s u c h w o rk s a re c a rrie d o u t w ith o u t th e w ritte n c o n s e n t o f th e P ro m o te rs th e d e fe c t lia b ility a u to m a tic a lly s h a ll b e c o m e v o id . T h e w o rd d e fe c t h e re m e a n s o n ly th e m a n u fa c tu rin g a n d w o rk m a n s h ip d e fe c ts c a u s e d o n a c c o u n t o f w illfu l n e g le c t o n p a rt o f th e P ro m o te rs a n d s h a ll n o t m e a n d e fe c ts c a u s e d b y n o rm a l w e a r a n d te a r a n d b y n e g lig e n t u s e o f F la ts /F la ts b y th e A llo tte e /P u rc h a s e rs , v a g a rie s o f n a tu re e tc . 22 T h a t it s h a ll b e th e re s p o n s ib ility o f th e A llo tte e / P u rc h a s e r to m a in ta in th e s a id F la t/ A p a rtm e n t in a p ro p e r m a n n e r a n d ta k e a ll d u e c a re n e e d e d in c lu d in g b u t n o t lim itin g to th e jo in ts in th e tile s in s a id F la t/ A p a rtm e n t a re re g u la rly fille d w ith w h ite c e m e n t/ e p o x y to p re v e n t w a te r s e e p a g e . F u rth e r w h e re th e m a n u fa c tu rin g w a rra n ty a s s h o w n b y th e P ro m o te rs to th e A llo tte e / P u rc h a s e r b e fo re th e d e fe c t lia b ility p e rio d a n d s u c h w a rra n tie s a re c o v e re d u n d e r th e m a in te n a n c e o f th e s a id b u ild in g a n d if th e a n n u a l m a in te n a n c e c o n tra c ts a re n o t d o n e /re n e w e d b y th e A llo tte e /P u rc h a s e r th e n th e P ro m o te rs s h a ll n o t b e re s p o n s ib le fo r a n y d e fe c ts o c c u rrin g d u e to th e s a m e . T h a t th e p ro p e rty a s a w h o le h a s b e e n c o n c e iv e d , d e s ig n e d a n d c o n s tru c te d b a s e d o n th e c o m m itm e n ts a n d w a rra n tie s g iv e n b y th e P ro m o te rs /m a n u fa c tu re rs th a t a ll e q u ip m e n ts , fix tu re s a n d fittin g s s h a ll b e m a in ta in e d a n d c o v e re d b y m a in te n a n c e /w a rra n ty in b o th th e F la ts a n d th e c o m m o n a m e n itie s w h e re v e r a p p lic a b le . T h e A llo tte e / P u rc h a s e r h a s b e e n m a d e a w a re a n d th a t th e A llo tte e / P u rc h a s e r e x p re s s ly a g re e s th a t th e re g u la r w e a r a n d te a r o f th e s a id F la t a n d s a id b u ild in g in c lu d e s m in o r h a irlin e c ra c k s o n th e e x te rn a l a n d in te rn a l w a lls e x c lu d in g th e R C C s tru c tu re w h ic h h a p p e n s d u e to v a ria tio n in te m p e ra tu re o f m o re th a n 2 0 d e g re e c e lc iu s a n d w h ic h d o n o t a m o u n t to s tru c tu ra l de fe c ts a n d h e n c e c a n n o t b e a ttrib u te d to e ith e r b a d w o rk m a n s h ip o r s tru c tu ra l d e fe c t. It is e x p re s s ly a g re e d th a t b e fo re a n y lia b ility o f d e fe c t is c la im e d b y o r o n b e h a lf o f th e A llo tte e /P u rc h a s e r, it s h a ll b e n e c e s s a ry to a p p o in t a n e x p e rt w h o s h a ll b e a n o m in a te d s u rv e y o r w h o s h a ll s u rv e y a n d a s s e s s th e s a m e a n d s h a ll th e n s u b m it a re p o rt to s ta te th e d e fe c ts in m a te ria ls u s e d , in th e s tru c tu re b u ilt o f th e s a id F la t/b u ild in g a n d in th e w o rk m a n s h ip e x e c u te d k e e p in g in m in d th e a fo re s a id a g re e d c la u s e s o f th is a g re e m e n t. 19. USE OF FLAT/APARTMENT : T h e A llo tte e / P u rc h a s e r s h a ll u s e th e s a id F la t/ A p a rtm e n t o r a n y p a rt th e re o f o r p e rm it th e s a m e to b e u s e d o n ly fo r R e s id e n tia l p u rp o s e . 20. FORMATION OF ORGANISATION APARTMENT HOLDERS : 2 0 .1 . T h e A llo tte e /P u r c h a s e r a lo n g w ith o th e r A llo tte e / P u rc h a s e rs o f A p a rtm e n ts in th e s a id b u ild in g s h a ll jo in in fo rm in g and re g is te rin g th e a s s o c ia tio n of a p a rtm e n t o w n e rs- 23 c o n d o m in iu m to be known by such name as _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ o r S o c ie ty o r A s s o c ia tio n o r a L im ite d C o m p a n y to b e k n o w n b y s u c h n a m e a s th e P ro m o te rs m a y d e c id e a n d fo r th is p u rp o s e a ls o fro m tim e to tim e s ig n a n d e x e c u te th e a p p lic a tio n fo r re g is tra tio n and/or m e m b e rs h ip and th e o th e r p a p e rs a n d d o c u m e n ts n e c e s s a ry fo r th e fo rm a tio n a n d re g is tra tio n of th e a s s o c ia tio n of a p a rtm e n t o w n e rs or th e S o c ie ty or A s s o c ia tio n o r L im ite d C o m p a n y a n d fo r b e c o m in g a m e m b e r, in c lu d in g th e b y e la w s o f th e p ro p o s e d th e a s s o c ia tio n o f a p a rtm e n t o w n e rs o r S o c ie ty a n d d u ly fill in , s ig n a n d re tu rn to th e P ro m o te rs w ith in s e v e n d a y s o f th e s a m e b e in g fo rw a rd e d b y th e P ro m o te rs to th e A llo tte e / P u rc h a s e r, s o a s to e n a b le th e P ro m o te rs to re g is te r th e c o m m o n o rg a n is a tio n o f A llo tte e / P u rc h a s e rs . N o o b je c tio n s h a ll b e ta k e n b y th e A llo tte e /P u rc h a s e r if a n y , c h a n g e s o r m o d ific a tio n s a re m a d e in th e d ra ft b y e -la w s , o r th e M e m o ra n d u m a n d / o r A rtic le s o f A s s o c ia tio n o f th e a s s o c ia tio n o f a p a rtm e n t o w n e rs , a s m a y b e re q u ire d b y th e R e g is tra r o f C o -o p e ra tiv e S o c ie tie s o r th e R e g is tra r o f C o m p a n ie s , a s th e c a s e m a y b e , o r a n y o th e r C o m p e te n t A u th o rity . 2 0 .2 . T h e P ro m o te rs s h a ll, w ith in th re e m o n th s of re g is tra tio n o f th e a s s o c ia tio n o f a p a rtm e n t o w n e rs o r S o c ie ty o r A s s o c ia tio n or L im ite d Company, as a fo re s a id , cause to be tra n s fe rre d to th e a s s o c ia tio n o f a p a rtm e n t o w n e rs o r th e s o c ie ty o r L im ite d C o m p a n y a ll th e rig h t, title a n d th e in te re s t o f th e P ro m o te rs in th e s a id s tru c tu re o f th e B u ild in g in w h ic h th e s a id A p a rtm e n t is s itu a te d . 2 0 .3 . T h e P ro m o te rs s h a ll, w ith in th re e m o n th s of re g is tra tio n o f th e F e d e ra tio n /a p e x b o d y o f th e a s s o c ia tio n o f a p a rtm e n t o w n e rs or th e S o c ie tie s or L im ite d Company, as a fo re s a id , c a u s e to b e tra n s fe rre d to th e F e d e ra tio n / A p e x b o d y a ll th e rig h t, title a n d th e in te re s t o f th e P ro m o te rs in th e s a id p ro p e rty o n w h ic h th e s a id b u ild in g is c o n s tru c te d . 21. CONVEYANCE OF THE SAID APARTMENT : T h e P ro m o te rs , o n re c e ip t o f c o m p le te a m o u n t o f th e P ric e o f th e s a id F la t/ A p a rtm e n t u n d e r th e p re s e n t A g re e m e n t fro m th e A llo tte e / P u rc h a s e r, s h a ll e x e c u te a c o n v e y a n c e d e e d a n d c o n v e y th e title o f th e s a id F la t/ A p a rt m e n t to g e th e r w ith p r o p o rtio n a te in d iv is ib le s h a re in th e C o m m o n A re a s w ith in 3 (T h re e ) m o n th s fro m th e is s u a n c e o f th e o c c u p a n c y c e rtific a te . H o w e v e r, in c a s e th e A llo tte e / P u rc h a s e r fa ils to d e p o s it th e s ta m p d u ty , re g is tra tio n 24 c h a rg e s and a ll o th e r in c id e n ta l and le g a l expenses e tc . so d e m a n d e d w ith in th e p e rio d m e n tio n e d in th e d e m a n d le tte r, th e A llo tte e / P u rc h a s e r a u th o riz e s th e P ro m o te rs to w ith h o ld re g is tra tio n o f th e c o n v e y a n c e d e e d in h is fa v o u r till fu ll a n d fin a l s e ttle m e n t o f a ll d u e s a n d s ta m p du ty a n d re g is tra tio n c h a rg e s a re p a id b y th e A llo tte e /P u rc h a s e r. 22. PAYMENT OF TAXES, CESSES, OUTGOINGS ETC. : 2 2 .1 . If a t a n y tim e , a fte r e x e c u tio n o f th is a g re e m e n t,if a n y ta x is im p o s e d / in c re a s e under re s p e c tiv e s ta tu e by th e C e n tra l G o v e rn m e n t a n d S ta te G o v e rn m e n t r e s p e c tiv e ly a n d fu r th e r a t a n y tim e b e fo re o r a fte r e x e c u tio n o f th is a g re e m e n t a n y a d d itio n a l ta x e s / d u ty / c h a rg e s / p re m iu m / le v ie s / c e s s / s u rc h a rg e e tc . b y w h a te v e r n a m e c a lle d , is le v ie d o r re c o v e re d o r b e c o m e s p a y a b le u n d e r a n y s ta tu e / ru le / re g u la tio n / n o tific a tio n / o rd e r e ith e r b y th e C e n tra l o r th e S ta te G o v e rn m e n t o r b y th e lo c a l a u th o rity o r b y a n y re v e n u e o r o th e r a u th o rity o n th e s a id F la t/A p a rtm e n t o r th is a g re e m e n t o r th e tra n s a c tio n h e re in , s h a ll e x c lu s iv e ly b e b o rn e a n d p a id by th e A llo tte e / P u rc h a s e r. The A llo tte e / P u rc h a s e r h e re b y a lw a y s in d e m n ifie s th e P ro m o te rs fro m a ll s u c h le v ie s , c o s t a n d c o n s e q u e n c e s . P ro v id e d th a t th e P ro m o te rs s h a ll p ro v id e to th e A llo tte e / P u rc h a s e r th e d e ta ils o f th e ta x e s p a id o r d e m a n d e d a lo n g w ith th e a c ts / ru le s / n o tific a tio n to g e th e r w ith d a te fro m w h ic h s u c h ta x e s / le v ie s e tc . h a v e b e e n im p o s e d o r b e c o m e e ffe c tiv e . 2 2 .2 . W ith in 1 5 d a y s a fte r n o tic e in w ritin g is g iv e n b y th e P ro m o te rs to th e A llo tte e / P u rc h a s e r th a t th e s a id F la t/ A p a rtm e n t is re a d y fo r u s e a n d o c c u p a n c y , th e A llo tte e /P u rc h a s e r s h a ll b e lia b le to b e a r a n d p a y th e p ro p o rtio n a te s h a re (i.e . in p ro p o rtio n to th e c a rp e t a re a o f th e A p a rtm e n t) o f o u tg o in g s in re s p e c t o f th e s a id p ro p e rty a n d th e s a id B u ild in g n a m e ly lo c a l ta x e s , b e tte rm e n t c h a rg e s o r s u c h o th e r le v ie s b y th e c o n c e rn e d lo c a l a u th o rity and/or G o v e rn m e n t w a te r c h a rg e s , in s u ra n c e , common lig h ts , re p a irs a n d s a la rie s o f c le rk s b ill c o lle c to rs , c h o w k id a rs , s w e e p e rs a n d a ll o th e r e x p e n s e s n e c e s s a ry a n d in c id e n ta l to th e m a n a g e m e n t a n d m a in te n a n c e o f th e s a id p ro p e rty a n d th e s a id b u ild in g . U n til th e S o c ie ty o r L im ite d C o m p a n y is fo rm e d a n d th e s a id s tru c tu re o f th e s a id b u ild in g is tra n s fe rre d to it, th e A llo tte e / P u rc h a s e r s h a ll p a y to th e P ro m o te rs s u c h p ro p o rtio n a te s h a re o f o u tg o in g s a s m a y b e d e te rm in e d . T h e A llo tte e /P u rc h a s e r fu rth e r a g re e s th a t till th e A llo tte e / P u rc h a s e r s h a re is s o d e te rm in e d th e A llo tte e / P u rc h a s e r s h a ll p a y to th e P ro m o te rs p ro v is io n a l m o n th ly c o n trib u tio n to w a rd s 25 th e o u tg o in g s . T h e a m o u n ts s o p a id b y th e A llo tte e / P u rc h a s e r to th e P ro m o te rs s h a ll n o t c a rry a n y in te re s t a n d re m a in w ith th e P ro m o te rs u n til a c o n v e y a n c e o f th e s tru c tu re o f th e s a id b u ild in g is e x e c u te d in fa v o u r o f th e s o c ie ty o r a lim ite d c o m p a n y a s a fo re s a id . O n s u c h c o n v e y a n c e b e in g e x e c u te d fo r th e s tru c tu re o f th e s a id b u ild in g th e a fo re s a id d e p o s its (le s s d e d u c tio n p ro v id e d fo r in th is A g re e m e n t) s h a ll b e p a id o v e r b y th e P ro m o te rs to th e S o c ie ty o r th e L im ite d C o m p a n y , a s th e c a s e m a y b e . 23. DEPOSITS BY ALLOTTE/PURCHASER WITH THE PROMOTERS : 2 3 .1 . T h e A llo tte e / P u rc h a s e r s h a ll o n o r b e fo re d e liv e ry o f p o s s e s s io n o f th e s a id F la t/A p a rtm e n t k e e p d e p o s ite d w ith th e P ro m o te rs , th e fo llo w in g a m o u n ts : - (i) fo r s h a re money, a p p lic a tio n e n tra n c e fe e of th e a s s o c ia tio n of a p a rtm e n t o w n e rs or th e S o c ie ty or L im ite d C o m p a n y / F e d e ra tio n / A p e x b o d y . (ii) fo r fo rm a tio n and re g is tra tio n o f th e a s s o c ia tio n of a p a rtm e n t o w n e rs o r th e S o c ie ty o r L im ite d C o m p a n y / F e d e ra tio n / Apex body. (iii) fo r p ro p o rtio n a te s h a re o f ta x e s a n d o th e r c h a rg e s / le v ie s in re s p e c t o f th e a s s o c ia tio n o f a p a rtm e n t o w n e rs o r th e S o c ie ty o r L im ite d C o m p a n y / F e d e ra tio n / A p e x b o d y . (iv ) fo r d e p o s it to w a rd s p ro v is io n a l m o n th ly c o n trib u tio n to w a rd s o u tg o in g s o f th e a s s o c ia tio n o f a p a rtm e n t o w n e rs o r S o c ie ty o r L im ite d C o m p a n y /F e d e ra tio n / A p e x b o d y . (v ) F o r D e p o s it to w a rd s W a te r, E le c tric , a n d o th e r u tility a n d s e rv ic e s c o n n e c tio n c h a rg e s & (v i) fo r d e p o s its o f e le c tric a l re c e iv in g a n d S u b S ta tio n p ro v id e d in s a id p ro p e rty . 2 3 .2 . T h e A llo tte e / P u rc h a s e r s h a ll p a y to th e P ro m o te rs th e d e p o s it fo r m e e tin g a ll le g a l c o s ts , c h a rg e s a n d e x p e n s e s , in c lu d in g p ro fe s s io n a l c o s ts of th e A tto rn e y -a t-L a w / A d v o c a te s of th e P ro m o te rs in c o n n e c tio n w ith fo rm a tio n of th e a s s o c ia tio n of a p a rtm e n t o w n e rs o r th e s a id S o c ie ty , o r L im ite d C o m p a n y , o r A p e x B o d y o r F e d e ra tio n a n d fo r p re p a rin g its ru le s , re g u la tio n s a n d b y e - la w s a n d th e c o s t o f p re p a rin g a n d e n g ro s s in g th e c o n v e y a n c e . 2 3 .3 . A t th e tim e of re g is tra tio n of conveyance of th e s tru c tu re o f th e s a id b u ild in g , th e A llo tte e / P u rc h a s e r s h a ll p a y to th e P ro m o te rs , th e A llo tte e / P u rc h a s e r’s s h a re o f s ta m p d u ty a n d 26 re g is tra tio n c h a rg e s p a y a b le , by th e a s s o c ia tio n of a p a rtm e n t o w n e rs o r th e s a id S o c ie ty o r L im ite d C o m p a n y o n s u c h c o n v e y a n c e o r a n y d o c u m e n t o r in s tru m e n t o f tra n s fe r in re s p e c t o f th e s tru c tu re o f th e s a id B u ild in g . A t th e tim e o f re g is tra tio n o f c o n v e y a n c e , th e A llo tte e /P u rc h a s e r s h a ll p a y to th e P ro m o te rs , th e A llo tte e / P u rc h a s e r’s s h a re o f s ta m p d u ty a n d re g is tra tio n c h a rg e s p a y a b le , b y th e s a id A p e x B o d y o r F e d e ra tio n o n s u c h co n v e y a n c e o r a n y d o c u m e n t o r in s tru m e n t o f tra n s fe r in re s p e c t o f th e s tru c tu re o f th e s a id p ro p e rty to b e e x e c u te d in fa v o u r o f th e A p e x B o d y o f th e a s s o c ia tio n o f a p a rtm e n t o w n e rs o r F e d e ra tio n . 24. REPRESENTATIONS AND WARRANTIES OF THE PROMOTERS : The P ro m o te rs h e re b y re p re s e n ts and w a rra n ts to th e A llo tte e / P u rc h a s e r a s fo llo w s : a. T h e P ro m o te rs h a s c le a r a n d m a rk e ta b le title w ith re s p e c t to th e s a id p ro p e rty ; a s d e c la re d in th e title re p o rt a n n e x e d to th is a g re e m e n t a n d h a s th e re q u is ite rig h ts to c a rry o u t d e v e lo p m e n t upon th e p ro p e rty and a ls o has a c tu a l, p h y s ic a l and le g a l p o s s e s s io n o f th e p ro p e rty fo r th e im p le m e n ta tio n o f th e P ro je c t; b. T h e P ro m o te rs h a s la w fu l rig h ts a n d re q u is ite a p p ro v a ls fro m th e c o m p e te n t A u th o ritie s to c a rry o u t d e v e lo p m e n t o f th e P ro je c t a n d s h a ll o b ta in re q u is ite a p p ro v a ls fro m tim e to tim e to c o m p le te th e d e v e lo p m e n t o f th e p ro je c t; c. T h e re a re n o e n c u m b ra n c e s u p o n th e s a id p ro p e rty o r th e P ro je c t e x c e p t th o s e d is c lo s e d in th e title re p o rt; d. T h e re a re n o lit ig a tio n s p e n d in g b e fo re a n y C o u rt o f la w w ith re s p e c t to th e s a id p ro p e rty o r P ro je c t e x c e p t th o s e d is c lo s e d in th e title re p o rt; e. A ll d ra w in g , s a le p la n s , o th e r d ra w in g s a re a s g iv e n to th e P ro m o te rs b y th e a p p o in te d A rc h ite c t, s tru c tu ra l C o n s u lta n ts , o th e r c o n s u lta n ts , th e P ro m o te rs h a s th u s d is c lo s e d th e s a m e to th e A llo tte e / P u rc h a s e r and th e A llo tte e / P u rc h a s e r is a w a re th a t p ro fe s s io n a l lia b ility h a v e b e e n u n d e rta k e n b y th e m in d iv id u a lly w ith th e P ro m o te rs w h ic h s h a ll p re v a il on th e s e c o n s u lta n ts in d iv id u a lly o r c u m u la tiv e ly if th e re is a n y lo s s /h a rm is c a u s e d to th e A llo tte e / P u rc h a s e r a n d b a s e d o n th e s e s a id d e ta ils o f th e d ra w in g s and th e c a lc u la tio n s and a re a s shown, th e A llo tte e / P u rc h a s e r h a s a g re e d to ta k e th e s a id F la t/ A p a rtm e t. f. A ll a p p ro v a ls , lic e n s e s a n d p e rm its is s u e d b y th e c o m p e te n t a u th o ritie s w ith re s p e c t to th e P ro je c t, s a id p ro p e rty a n d s a id 27 b u ild in g a re v a lid a n d s u b s is tin g a n d h a v e b e e n o b ta in e d b y fo llo w in g d u e p ro c e s s o f la w . F u rth e r, a ll a p p ro v a ls , lic e n s e s a n d p e rm its to b e is s u e d b y th e c o m p e te n t a u th o ritie s w ith re s p e c t to th e P ro je c t, s a id p ro p e rty a n d s a id b u ild in g s h a ll b e o b ta in e d b y fo llo w in g d u e p ro c e s s o f la w a n d th e P ro m o te rs h a s b e e n a n d s h a ll, a t a ll tim e s , re m a in to b e in c o m p lia n c e w ith a ll a p p lic a b le la w s in re la tio n to th e P ro je c t, s a id p ro p e rty , s a id B u ild in g a n d c o m m o n a re a s ; g. T h e P ro m o te rs h a s th e rig h t to e n te r in to th is A g re e m e n t a n d h a s n o t c o m m itte d o r o m itte d to p e rfo rm a n y a c t o r th in g , w h e re b y th e rig h t, title and in te re s t of th e A llo tte e / P u rc h a s e r c re a t e d h e re in , m a y p re ju d ic ia lly b e a ffe c te d ; h. T h e P ro m o te rs h a s n o t e n te re d in to a n y a g re e m e n t fo r s a le and/or d e v e lo p m e n t a g re e m e n t or any o th e r a g re e m e n t / a rra n g e m e n t w ith a n y p e rs o n o r p a rty w ith re s p e c t to th e s a id p ro p e rty , in c lu d in g th e P ro je c t a n d th e s a id F la t/A p a rtm e n t w h ic h w ill, in a n y m a n n e r, a ffe c t th e rig h ts o f A llo tte e /P u rc h a s e r u n d e r th is A g re e m e n t; i. T h e P ro m o te rs c o n firm s th a t th e P ro m o te rs a re n o t re s tric te d in a n y m a n n e r w h a ts o e v e r fro m s e llin g th e s a id F la t/ A p a rtm e n t to th e A llo tte e / P u rc h a s e r in th e manner c o n te m p la te d in th is A g re e m e n t; j. A t th e tim e o f e x e c u tio n o f th e c o n v e y a n c e d e e d o f th e s tru c tu re to th e a s s o c ia tio n o f A llo tte e / P u rc h a s e r th e P ro m o te rs s h a ll h a n d o v e r la w fu l, v a c a n t, p e a c e fu l, p h y s ic a l p o s s e s s io n o f th e common a re a s of th e S tru c tu re to th e A s s o c ia tio n of th e A llo tte e / P u rc h a s e r; k. T h e P ro m o te rs h a s d u ly p a id a n d s h a ll c o n tin u e to p a y a n d d is c h a rg e u n d is p u te d g o v e rn m e n ta l d u e s , ra te s , c h a rg e s a n d ta x e s a n d o th e r m o n ie s , le v ie s , im p o s itio n s , p re m iu m s , d a m a g e s a n d / o r p e n a ltie s a n d o th e r o u tg o in g s , w h a ts o e v e r, p a y a b le w ith re s p e c t to th e s a id p ro je c t u p to c o m p le tio n o f p ro je c t to th e c o m p e te n t A u th o ritie s ; l. N o n o tic e fro m th e G o v e rn m e n t o r a n y o th e r lo c a l b o d y o r a u th o rity or any le g is la tiv e e n a c tm e n t, g o v e rn m e n t o rd in a n c e , o rd e r, n o tific a tio n (in c lu d in g any n o tic e fo r a c q u is itio n or re q u is itio n o f th e s a id p ro p e rty ) h a s b e e n re c e iv e d o r s e rv e d u p o n th e P ro m o te rs in re s p e c t o f th e s a id p ro p e rty a n d / o r th e P ro je c t e x c e p t th o s e d is c lo s e d in th e title re p o rt. 25. COVENANTS AS TO USE OF THE SAID FLAT/APARTMENT: 28 T h e A llo tte e / P u rc h a s e r h im s e lf w ith in te n tio n to b rin g a ll p e rs o n s in to w h o s o e v e r h a n d s th e s a id F la t/A p a rtm e n t m a y c o m e , h e re b y c o v e n a n ts w ith th e P ro m o te rs a s fo llo w s fo r th e s a id F la t/a p a rtm e n t and a ls o th e s a id b u ild in g in w h ic h th e s a id F la t/a p a rtm e n t is s itu a te d :- a . T o m a in ta in th e A p a rtm e n t a t th e A llo tte e / P u rc h a s e r's o w n c o s t in g o o d a n d te n a n ta b le re p a ir a n d c o n d itio n fro m th e d a te th a t o f p o s s e s s io n o f th e A p a rtm e n t is ta k e n a n d s h a ll n o t d o o r s u ffe r to b e d o n e a n y th in g in o r to th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d w h ic h m a y b e a g a in s t th e ru le s , re g u la tio n s or b y e -la w s or c h a n g e / a lte r or make a d d itio n in o r to th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d a n d th e A p a rtm e n t its e lf o r a n y p a rt th e re o f w ith o u t th e c o n s e n t o f th e lo c a l a u th o ritie s , if re q u ire d . b. N o t to s to re in th e A p a rtm e n t a n y g o o d s w h ic h a re o f h a z a rd o u s , c o m b u s tib le o r d a n g e ro u s n a tu re o r a re s o h e a v y a s to d a m a g e th e c o n s tru c tio n o r s tru c tu re o f th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d o r s to rin g o f w h ic h g o o d s is o b je c te d b y th e c o n c e rn e d lo c a l or o th e r a u th o rity and s h a ll ta k e c a re w h ile c a rry in g h e a v y p a c k a g e s w h ic h m a y d a m a g e o r lik e ly to d a m a g e th e s ta irc a s e s , c o m m o n p a s s a g e s o r a n y o th e r s tru c tu re o f th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d , in c lu d in g e n tra n c e s o f th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d a n d in c a s e a n y d a m a g e is c a u s e d to th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d o r th e A p a rtm e n t on account of n e g lig e n c e or d e fa u lt of th e A llo tte e / P u rc h a s e r in th is b e h a lf, th e A llo tte e / P u rc h a s e r s h a ll b e lia b le fo r th e c o n s e q u e n c e s o f th e b re a c h . c. T o c a rry o u t a t h is o w n c o s t a ll in te rn a l re p a irs to th e s a id A p a rtm e n t a n d m a in ta in th e A p a rtm e n t in th e s a m e c o n d itio n , s ta te a n d o rd e r in w h ic h it w a s d e liv e re d b y th e P ro m o te rs to th e A llo tte e / P u rc h a s e r a n d s h a ll n o t d o o r s u ffe r to b e d o n e a n y th in g in o r to th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d o r th e A p a rtm e n t w h ic h m a y b e c o n tra ry to th e ru le s a n d re g u la tio n s a n d b y e -la w s o f th e c o n c e rn e d lo c a l a u th o rity o r o th e r p u b lic a u th o rity . In th e e v e n t o f th e A llo tte e / P u rc h a s e r c o m m ittin g a n y a c t in c o n tra v e n tio n o f th e a b o v e p ro v is io n , th e A llo tte e /P u rc h a s e r s h a ll b e re s p o n s ib le a n d lia b le fo r th e c o n s e q u e n c e s th e re o f to th e c o n c e rn e d lo c a l a u th o rity a n d / o r o th e r p u b lic a u th o rity . d. N o t to d e m o lis h o r c a u s e to b e d e m o lis h e d th e A p a rtm e n t o r a n y p a rt th e re o f, n o r a t a n y tim e m a k e o r c a u s e to b e m a d e a n y a d d itio n o r a lte ra tio n o f w h a te v e r n a tu re in o r to th e A p a rtm e n t o r 29 a n y p a rt th e re o f, n o r a n y a lte ra tio n in th e e le v a tio n a n d o u ts id e c o lo u r s c h e m e o f th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d and s h a ll keep th e p o rtio n , s e w e rs , d ra in s and p ip e s in th e A p a rtm e n t a n d th e a p p u rte n a n c e s th e re to in g o o d te n a n ta b le re p a ir a n d c o n d itio n , a n d in p a rtic u la r, s o a s to s u p p o rt s h e lte r a n d p ro te c t th e o th e r p a rts o f th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d a n d s h a ll n o t c h is e l o r in a n y o th e r m a n n e r c a u s e d a m a g e to c o lu m n s , b e a m s , w a lls , s la b s o r R C C , P a rd is o r o th e r s tru c tu ra l m e m b e r s in th e A p a rtm e n t w ith o u t th e p rio r w ritte n p e rm is s io n o f th e P ro m o te rs a n d / o r th e a s s o c ia tio n o f a p a rtm e n t o w n e rs o r th e S o c ie ty o r th e L im ite d C o m p a n y . e. N o t to d o o r p e rm it to b e d o n e a n y a c t o r th in g w h ic h m a y re n d e r v o id o r v o id a b le a n y in s u ra n c e o f th e s a id p ro p e rty a n d th e s a id b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d o r a n y p a rt th e re o f o r w h e re b y a n y in c re a s e d p re m iu m s h a ll b e c o m e p a y a b le in re s p e c t o f th e in s u ra n c e . f. N o t to th ro w d irt, ru b b is h , ra g s , g a rb a g e o r o th e r re fu s e o r p e rm it th e s a m e to b e th ro w n fro m th e s a id A p a rtm e n t in th e c o m p o u n d o r a n y p o rtio n o f th e p ro je c t la n d a n d th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d . g. P a y to th e P ro m o te rs w ith in fifte e n d a y s o f d e m a n d b y th e P ro m o te rs , th e ir s h a re of s e c u rity d e p o s it demanded by th e c o n c e rn e d lo c a l a u th o rity o r G o v e rn m e n t o r g iv in g w a te r, e le c tric ity o r a n y o th e r s e rv ic e c o n n e c tio n to th e b u ild in g in w h ic h th e A p a rtm e n t is s itu a te d . h. T o b e a r a n d p a y in c re a s e in lo c a l ta x e s , w a te r c h a rg e s , in s u ra n c e a n d s u c h o th e r le v ie s , if a n y , w h ic h a re im p o s e d b y th e c o n c e rn e d lo c a l a u th o rity a n d /o r G o v e rn m e n t a n d /o r o th e r p u b lic a u th o rity , o n a c c o u n t o f c h a n g e o f u s e r o f th e A p a rtm e n t b y th e A llo tte e / P u rc h a s e r fo r a n y p u rp o s e s o th e r th a n fo r p u rp o s e fo r w h ic h it is s o ld . i. T h e A llo tte e / P u rc h a s e r s h a ll n o t le t, s u b -le t, tra n s fe r, a s s ig n o r p a rt w ith in te re s t o r b e n e fit fa c to r o f th is A g re e m e n t o r p a rt w ith th e p o s s e s s io n o f th e A p a rtm e n t u n til a ll th e d u e s p a y a b le b y th e A llo tte e / P u rc h a s e r to th e P ro m o te rs u n d e r th is A g re e m e n t a re fu lly p a id u p . j. T h e A llo tte e / P u rc h a s e r s h a ll o b s e rv e a n d p e rfo rm a ll th e ru le s a n d re g u la tio n s w h ic h th e a s s o c ia tio n o f a p a rtm e n t o w n e rs o r th e S o c ie ty o r th e L im ite d C o m p a n y o r A p e x B o d y o r F e d e ra tio n may adopt at its in c e p tio n and th e a d d itio n s , a lte r a tio n s or a m e n d m e n ts th e re o f th a t m a y b e m a d e fro m tim e to tim e fo r 30 p ro te c tio n and m a in te n a n c e of th e s a id b u ild in g and th e A p a rtm e n ts th e re in a n d fo r th e o b s e rv a n c e a n d p e rfo rm a n c e o f th e B u ild in g R u le s , R e g u la tio n s a n d B y e -la w s fo r th e tim e b e in g o f th e c o n c e rn e d lo c a l a u th o rity a n d o f G o v e rn m e n t a n d o th e r p u b lic b o d ie s . T h e A llo tte e /P u rc h a s e r s h a ll a ls o o b s e rv e a n d p e rfo rm a ll th e s tip u la tio n s a n d c o n d itio n s la id d o w n b y th e a s s o c ia tio n o f a p a rtm e n t o w n e rs or th e S o c ie ty / L im ite d Company/Apex B o d y /F e d e ra tio n re g a rd in g th e o c c u p a n c y a n d u s e o f th e A p a rtm e n t in th e B u ild in g and s h a ll pay and c o n trib u te re g u la rly and p u n c tu a lly to w a rd s th e ta x e s , e x p e n s e s o r o th e r o u t-g o in g s in a c c o rd a n c e w ith th e te rm s o f th is A g re e m e n t. k. T ill a c o n v e y a n c e o f th e s tru c tu re o f th e b u ild in g in w h ic h A p a rtm e n t is s itu a te d is e x e c u te d in fa v o u r o f th e a s s o c ia tio n o f a p a rtm e n t o w n e rs or th e S o c ie ty / L im ite d S o c ie ty , th e A llo tte e / P u rc h a s e r s h a ll p e rm it th e P ro m o te rs a n d th e ir s u rv e y o rs a n d a g e n ts , w ith o r w ith o u t w o rk m e n a n d o th e rs , a t a ll re a s o n a b le tim e s , to e n te r in to a n d u p o n th e s a id b u ild in g s o r a n y p a rt th e re o f to v ie w a n d e x a m in e th e s ta te a n d c o n d itio n th e re o f. l. T ill a c o n v e y a n c e o f th e s a id p ro p e rty o n w h ic h th e b u ild in g in w h ic h A p a rtm e n t is s itu a te d is e x e c u te d in fa v o u r of the a s s o c ia tio n o f a p a rtm e n t o w n e rs o r A p e x B o d y o r F e d e ra tio n , th e A llo tte e / P u rc h a s e r s h a ll p e rm it th e P ro m o te rs a n d th e ir s u rv e y o rs a n d a g e n ts , w ith o r w ith o u t w o rk m e n a n d o th e rs , a t a ll re a s o n a b le tim e s , to e n te r in to a n d u p o n th e s a id p ro p e rty o r a n y p a rt th e re o f to v ie w a n d e x a m in e th e s ta te a n d c o n d itio n th e re o f. m. That th e p a rk in g spaces if s o ld to th e re s p e c tiv e A llo tte e / P u rc h a s e r, s h a ll b e u s e d o n ly fo r th e p u rp o s e s o f p a rk in g . 26. NAME OF THE BUILDING : N o tw ith s ta n d in g a n y th in g c o n ta in e d a n y w h e re in th is a g re e m e n t, it is s p e c ific a lly a g re e d b e tw e e n th e p a rtie s h e re to th a t, th e P ro m o te rs h e re in h a v e d e c id e d to h a v e th e n a m e o f th e s a id b u ild in g a s “ D A - N A N D A N V A N ” a n d fu rth e r e re c t o r a ffix P ro m o te rs name b o a rd at s u ita b le p la c e s as d e c id e d by th e P ro m o te rs h e re in o n b u ild in g a n d a t th e e n tra n c e o f th e p ro je c t. The A llo tte e / P u rc h a s e r h e re in or th e p ro p o s e d u ltim a te o rg a n iz a tio n o f a p a rtm e n t p u rc h a s e rs a re n o t e n title d to c h a n g e th e a fo re s a id b u ild in g n a m e a n d re m o v e o r a lte r P ro m o te rs n a m e b o a rd in a n y c irc u m s ta n c e s . 27. ENTIRE AGREEMENT AND RIGHT TO AMEND : 31 T h is A g re e m e n t, a lo n g w ith its s c h e d u le s a n d a n n e x u re s , c o n s titu te s th e e n tire A g re e m e n t b e tw e e n th e P a rtie s w ith re s p e c t to th e s u b je c t m a tte r h e re o f and s u p e rs e d e s any and a ll u n d e rs ta n d in g s , any o th e r a g re e m e n ts , a llo tm e n t le tte r, c o rre s p o n d e n c e s , a rra n g e m e n ts w h e th e r w ritte n o r o ra l, if a n y , b e tw e e n th e P a rtie s in re g a rd to th e s a id F la t/A p a rtm e n t. T h is a g re e m e n t m a y o n ly b e a m e n d e d th ro u g h w ritte n c o n s e n t o f th e p a rtie s . 28. SEPARATE ACCOUNTS FOR SUMS RECEIVED : T h e P ro m o te rs s h a ll m a in ta in a s e p a ra te a c c o u n t in re s p e c t o f s u m s re c e iv e d b y th e P ro m o te rs fro m th e A llo tte e /P u rc h a s e r to w a rd s to ta l p ric e / c o n s id e ra tio n o f th e s a id F la t/ a p a rtm e n t a n d a s a d v a n c e o r d e p o s it, s u m s re c e iv e d o n a c c o u n t o f th e s h a re c a p ita l fo r th e p ro m o tio n o f th e a s s o c ia tio n o f a p a rtm e n t o w n e rs o r th e C o -o p e ra tiv e S o c ie ty o r a s s o c ia tio n o r C o m p a n y o r a n y s u c h le g a l e n tity /o rg a n iz a tio n th a t m a y b e fo rm e d , to w a rd s th e o u t g o in g s, le g a l c h a rg e s e tc . a n d s h a ll u tiliz e th e a m o u n ts o n ly fo r th e p u rp o s e s fo r w h ic h th e y h a v e b e e n re c e iv e d . P ro v id e d th a t th e P ro m o te rs s h a ll b e a llo w e d to w ith d ra w th e s u m s re c e iv e d fro m th e A llo tte e / P u rc h a s e r a n d u tiliz e th e s a m e a s c o n te m p la te d a n d p e rm itte d u n d e r th e s a id a c t a n d ru le s a n d re g u la tio n m a d e th e re u n d e r. 29. RIGHT OF ALLOTTEE/PURCHASER TO USE THE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES : T h e A llo tte e / P u rc h a s e r h e re b y a g re e s to p u rc h a s e th e s a id F la t/A p a rtm e n t o n th e s p e c ific u n d e rs ta n d in g th a t h is rig h t is to o n ly to th e u s e a n d u n le s s s p e c ific a lly a llo tte d /g iv e n v id e s (lim ite d ) c o m m o n a re a s /fa c ilitie s , th e u s e o f C o m m o n A re a s /a m e n itie s s h a ll b e s u b je c t to tim e ly p a y m e n t o f to ta l m a in te n a n c e c h a rg e s , a s d e te rm in e d and th e re a fte r b ille d by th e m a in te n a n c e agency a p p o in te d or th e a s s o c ia tio n of F la t/ S h o p P u rc h a s e rs (o r th e m a in te n a n c e a g e n c y a p p o in te d b y it) a n d p e r fo r m a n c e b y th e A llo tte e / P u rc h a s e r o f a ll h is o b lig a tio n s in re s p e c t o f th e te rm s a n d c o n d itio n s s p e c ifie d b y th e m a in te n a n c e a g e n c y o r th e a s s o c ia tio n o f F la t/S h o p P u rc h a s e rs fro m tim e to tim e . 30. ASSIGNMENT : 32 N o th in g c o n ta in e d in th is A g re e m e n t is in te n d e d to b e n o r s h a ll b e c o n s tru e d a s a g ra n t, d e m is e o r a s s ig n m e n t in la w , o f th e s a id F la t/ A p a rtm e n ts o r o f th e s a id P r o p e r ty a n d s a id B u ild in g o r a n y p a rt th e re o f. T h e A llo tte e / P u rc h a s e r s h a ll h a v e n o c la im s a v e a n d e x c e p t in re s p e c t o f th e A p a rtm e n t h e re b y a g re e d to b e s o ld to h im and a ll o p e n s p a c e s , p a rk in g s p a c e s , lo b b ie s , s ta irc a s e s , te rr a c e s re c re a tio n spaces, w ill re m a in th e p ro p e rty of th e P ro m o te rs u n til th e s a id s tru c tu re o f th e s a id b u ild in g is tra n s fe rre d to th e S o c ie ty / L im ite d C o m p a n y o r o th e r b o d y a n d u n til th e s a id p ro p e rty is tra n s fe rre d to th e Apex B o d y /F e d e ra tio n as h e re in b e fo re m e n tio n e d . 31. PROMOTERS SHALL NOT MORTGAGE OR CREATE A CHARGE : A fte r th e P ro m o te rs e x e c u te s th is A g re e m e n t th e y s h a ll n o t m o rtg a g e o r c r e a te a c h a r g e o n th e s a id F la t/A p a r tm e n t a n d if a n y s u c h m o rtg a g e o r c h a rg e is m a d e o r c re a te d th e n n o tw ith s ta n d in g a n y th in g c o n ta in e d in a n y o th e r la w fo r th e tim e b e in g in fo rc e , s u c h m o rtg a g e o r c h a rg e s h a ll n o t a ffe c t th e rig h t a n d in te re s t o f th e A llo tte e / P u rc h a s e r w h o h a s ta k e n o r a g re e d to ta k e s u c h F la t/A p a rtm e n t. 32. BINDING EFFECT : F o rw a rd in g th is A g re e m e n t to th e A llo tte e /P u rc h a s e r b y th e P ro m o te rs d o e s n o t c re a te a b in d in g o b lig a tio n o n th e p a rt o f th e P ro m o te rs or th e A llo tte e / P u rc h a s e r u n til, firs tly , th e A llo tte e / P u rc h a s e r s ig n s a n d d e liv e rs th is A g re e m e n t w ith a ll th e s c h e d u le s a lo n g w ith th e p a y m e n ts due as s tip u la te d in th e P a y m e n t P la n w ith in 3 0 (th irty ) d a y s fro m th e d a te o f re c e ip t b y th e A llo tte e / P u rc h a s e r a n d s e c o n d ly , a p p e a rs fo r re g is tra tio n o f th e s a m e b e fo re th e c o n c e rn e d S u b-R e g is tra r a s a n d w h e n in tim a te d b y th e P ro m o te rs . If th e A llo tte e /P u rc h a s e r fa ils to e x e c u te a n d d e liv e r to th e P ro m o te rs th is A g re e m e n t w ith in 3 0 (th irty ) d a y s fro m th e d a te o f its re c e ip t b y th e A llo tte e /P u rc h a s e r a n d /o r a p p e a r b e fo re th e S u b -R e g is tra r fo r its re g is tra tio n a s a n d w h e n in tim a te d b y th e P ro m o te rs , th e n th e P ro m o te rs s h a ll s e rv e a n o tic e to th e A llo tte e / P u rc h a s e r fo r re c tify in g th e d e fa u lt, w h ic h if n o t re c tifie d w ith in 1 5 (fifte e n ) d a y s fro m th e d a te o f its re c e ip t b y th e A llo tte e / P u rc h a s e r, a p p lic a tio n o f th e A llo tte e / P u rc h a s e r s h a ll b e tre a te d as c a n c e lle d and a ll sums d e p o s ite d by th e A llo tte e / P u rc h a s e r in c o n n e c tio n th e re w ith in c lu d in g th e b o o k in g 33 a m o u n t s h a ll b e re tu rn e d to th e A llo tte e / P u rc h a s e r w ith o u t a n y in te re s t o r c o m p e n s a tio n w h a ts o e v e r. 33. PROVISIONS OF THIS AGREEMENT APPLICABLE TO ALLOTTEE / SUBSEQUENT ALLOTTEES : It is c le a rly u n d e rs to o d a n d s o a g re e d b y a n d b e tw e e n th e P a rtie s h e re to th a t a ll th e p ro v is io n s c o n ta in e d h e re in a n d th e o b lig a tio n s a ris in g h e re u n d e r in re s p e c t o f th e P ro je c t s h a ll e q u a lly be a p p lic a b le to and e n fo rc e a b le a g a in s t any subsequent A llo tte e / P u rc h a s e rs of th e s a id F la t/ A p a rtm e n t, in case of a tra n s fe r, as th e s a id o b lig a tio n s go a lo n g w ith th e s a id F la t/A p a rtm e n t fo r a ll in te n ts a n d p u rp o s e s . T h a t th e A llo tte e / P u rc h a s e r a g re e s th a t h e s h a ll n o t o b je c t to a n y e a s e m e n t rig h ts th a t n e e d to b e g iv e n to a n y p e rs o n in a n d a ro u n d th e s a id p ro p e rty a n d s h a ll n e ith e r o b je c t to a n y s u c h p ro c e e d in g s o f la n d a c q u is itio n u n d e rta k e n b y th e G o v e rn m e n t a g e n c y in c lu d in g a n y c o m p e n s a tio n / b e n e fit g iv e n to th e P ro m o te rs in tu rn fo r w h ic h n o c o n v e y a n c e h a s o c c u rre d to th e u ltim a te b o d y e x p re s s ly s ta te d in th is a g re e m e n t a n d fo r w h ic h n o c o n s id e ra tio n is s p e c ia lly d is p e n s e d b y th e A llo tte e / P u rc h a s e r to th e P ro m o te rs fo r th e s a m e , s a v e a n d e x c e p t h is rig h t to e n jo y a n d u s e th e s a id F la t/a p a rtm e n t p u rc h a s e b y h im a n d a n y o th e r rig h ts g iv e n b y th e P ro m o te rs to th e A llo tte e / P u rc h a s e r fo r w h ic h c o n s id e ra tio n h a s b e e n d is p e n s e d . 34. SEVERABILITY : If a n y p ro v is io n o f th is A g re e m e n t s h a ll b e d e te rm in e d to b e v o id o r u n e n fo rc e a b le u n d e r th e A c t o r th e R u le s a n d R e g u la tio n s m a d e th e r e u n d e r o r u n d e r o th e r a p p lic a b le la w s , s u c h p r o v is io n s o f th e A g re e m e n t s h a ll b e d e e m e d a m e n d e d o r d e le te d in s o fa r a s re a s o n a b ly in c o n s is te n t w ith th e p u rp o s e o f th is A g re e m e n t a n d to th e e x te n t n e c e s s a ry to c o n fo rm to Act or th e R u le s and R e g u la tio n s m a d e th e re u n d e r o r th e a p p lic a b le la w , a s th e c a s e m a y b e , a n d th e re m a in in g p ro v is io n s o f th is A g re e m e n t s h a ll re m a in v a lid a n d e n fo rc e a b le a s a p p lic a b le a t th e tim e o f e x e c u tio n o f th is A g re e m e n t. 35. APARTMENT ASSOCIATION : The P ro m o te rs s h a ll s u b m it th e s a id p ro je c t under th e p ro v is io n o f M a h a ra s h tra A p a rtm e n t O w n e rs h ip A c t 1 9 7 0 a n d th e p ro v is io n s made th e re under and s h a ll a lw a y s be s u b je c t to 34 p ro v is io n s of M a h a ra s h tra O w n e rs h ip F la t (re g u la tio n of th e p ro m o tio n o f th e c o n s tru c tio n , s a le , m a n a g e m e n t & tra n s fe r) A c t 1963 and th e ru le s made th e re under or th e p ro v is io n s of M a h a ra s h tra A p a rtm e n t O w n e rs h ip Act 1970 and M a h a ra s h tra A p a rtm e n t O w n e rs h ip R u le s 1972. A c c o rd in g ly D e c la ra tio n of A p a rtm e n t in re s p e c t o f t h e s a id b u ild in g s h a ll b e e x e c u te d a n d re g is te re d b y th e P ro m o te rs w ith th e S u b-R e g is tra r o f N a s h ik . In p u rs u a n c e w h e re o f th e P ro m o te rs w ill e x e c u te a n d re g is te r D e e d o f A p a rtm e n t in re s p e c t o f th e s a id F la t/ A p a rtm e n t in fa v o r o f th e A llo tte e / P u rc h a s e r h e r e in , upon g e ttin g e n tire amount of c o n s id e ra tio n fro m th e A llo tte e /P u rc h a s e r. T h e A llo tte e / P u rc h a s e r h e re in a g re e d th a t h e w ill b e c o m e m e m b e rs o f th e s a id A p a r tm e n t O w n e r s A s s o c ia tio n . T h e s a id A p a rtm e n t O w n e rs A s s o c ia tio n w ill b e k n o w n a s “ D A - N A N D A N V A N “ T h e R u le s R e g u la tio n s a n d B y e -la w s o f th e s a id A p a rtm e n t O w n e rs A s s o c ia tio n s h a ll b e b in d in g u p o n th e A llo tte e / P u rc h a s e r a n d th e A llo tte e / P u rc h a s e r s h a ll be lia b le and re s p o n s ib le to pay th e s u b s c rip tio n fe e s a n d a n y o th e r c h a rg e s o f th e s a id A s s o c ia tio n fro m tim e to tim e . 36. RIGHT TO SALE OTHER APARTMENTS : It is h e re b y e x p re s s ly a g re e d a n d p ro v id e d th a t, s o lo n g a s it d o e s n o t in a n y w a y e ffe c t o r p re ju d ic e th e rig h t h e re u n d e r g ra n te d in fa v o u r of th e A llo tte e / P u rc h a s e r in re s p e c t of th e s a id F la t/A p a rtm e n t a g re e d to b e p u rc h a s e d b y th e A llo tte e / P u rc h a s e r, th e P ro m o te rs s h a ll b e a t lib e rty to s e ll, a s s ig n , m o rtg a g e o r o th e rw is e d e a l w ith o r d is p o s e o f th e ir rig h t, title o r in te re s t in th e v a rio u s S h o p /F la ts /A p a rtm e n t o u t o f th e s a id b u ild in g . 37. OTHER CONDITIONS : th e p u rc h a s e o f th e s a id F la t s h a ll b e s u b je c t to a ll th e fo llo w in g c o n d itio n s :- a. T h e a c c e s s to th e in d iv id u a l F la t s h a ll b e a s p e r th e s a n c tio n e d p la n a n d / o r re v is e d p la n fro m tim e to tim e . b. The c o n s tru c tio n and o th e r c iv il changes done in te rn a lly s h a ll b e a t th e ris k a n d c o s t o f th e P u rc h a s e r w h o s h a ll n o t d a m a g e th e b a s ic R .C .C . s tru c tu re . c. T h e c o n s tru c tio n o f c h im n e y s , h a n g in g te le p h o n e a n d te le x w ire s , e le c tric c o n n e c tio n , fa x , te le p rin te r, c o m p u te r d e v ic e s w h ic h re q u ire e x te rn a l w irin g c a b le s , lin e s , d is h a n te n n a s w ill n o t 35 b e p e rm itte d e x c e p t in th e fo rm p re s c rib e d b y th e P ro m o te rs a n d th e ir A rc h ite c t in w ritin g . d. T h e in s ta lla tio n o f a n y g rills o r a n y d o o rs s h a ll o n ly b e a s p e r th e fo rm p re s c rib e d a n d P ro m o te rs A rc h ite c t . e. T h e A llo tte e / P u rc h a s e r s h a ll n o t jo in tw o a d ja c e n t F la t a n d s h a ll n o t d e m o lis h o r c a u s e to b e d e m o lis h e d a n d is d e n ie d a t a n y tim e to m a k e a n y a d d itio n o r a lte ra tio n o f w h a ts o e v e r n a tu re in o r to th e s tru c tu re o r c o n s tru c tio n o f th e s a id F la t. f. In th e e v e n t o f th e P ro m o te rs c a rry in g o u t a n y w o rk o f a d d itio n s and/or a lte ra tio n s as per in s tru c tio n s of th e A llo tte e / P u rc h a s e r to k e e p th e P ro m o te rs h a rm le s s a n d in d e m n ifie d fro m a ll o r a n y a c tio n s if ta k e n b y a n y p e rs o n o r a u th o rity o r in c id e n ta ls th e re o f. T h e P ro m o te rs s h a ll n o t b e b o u n d to o b ta in c o m p le tio n /o c c u p a tio n c e rtific a te as per such a d d itio n s or a lte ra tio n s w h ic h w o rk s h a ll b e d o n e b y th e A llo tte e / P u rc h a s e r a t h is o w n c o s ts a n d ris k . 38. METHOD OF CALCULATION OF PROPORTIONATE SHARE WHEREVER REFERRED TO IN THE AGREEMENT : W h e re v e r in th is A g re e m e n t it is s tip u la te d th a t th e A llo tte e / P u rc h a s e r h a s to m a k e a n y p a y m e n t, in c o m m o n w ith o th e r A llo tte e / P u rc h a s e rs in th e s a id b u ild in g , th e s a m e s h a ll b e in p ro p o rtio n to th e c a rp e t a re a o f th e s a id F la t/ A p a rtm e n t to th e to ta l c a rp e t a re a of a ll th e fla t/ F la t A p a rtm e n ts in th e S a id B u ild in g . 39. FURTHER ASSURANCES : B o th P a rtie s a g re e th a t th e y s h a ll e x e c u te , a c k n o w le d g e a n d d e liv e r to th e o th e r s u c h in s tru m e n ts a n d ta k e s u c h o th e r a c tio n s , in a d d itio n s to th e in s tru m e n ts a n d a c tio n s s p e c ific a lly p ro v id e d fo r h e re in , a s m a y b e re a s o n a b ly re q u ire d in o rd e r to e ffe c tu a te th e p ro v is io n s o f th is A g re e m e n t o r o f a n y tra n s a c tio n c o n te m p la te d h e re in or to c o n firm or p e rfe c t any rig h t to be c re a te d or tra n s fe r re d h e re u n d e r o r p u rs u a n t to a n y s u c h tra n s a c tio n . 40. PLACE OF EXECUTION : T h e e x e c u tio n o f th is A g re e m e n t s h a ll b e c o m p le te o n ly u p o n its e x e c u tio n b y th e P ro m o te rs th ro u g h its a u th o riz e d s ig n a to ry a t th e P ro m o te r’s O ffic e , o r a t s o m e o th e r p la c e , w h ic h m a y b e m u tu a lly a g r e e d b e tw e e n th e P ro m o te r s a n d th e A llo tte e /P u rc h a s e r, in N a s h ik a fte r th e A g re e m e n t is d u ly e x e c u te d by th e 36 A llo tte e / P u rc h a s e r a n d th e P ro m o te rs o r s im u lta n e o u s ly w ith th e e x e c u tio n th e s a id A g re e m e n t s h a ll b e re g is te re d a t th e o ffic e o f th e S u b -R e g is tra r. H e n c e th is A g re e m e n t s h a ll b e d e e m e d to h a v e b e e n e x e c u te d a t N a s h ik . 41. REGISTRATION OF THIS AGREEMENT : T h e A llo tte e / P u rc h a s e r a n d / o r P ro m o te rs s h a ll p re s e n t th is A g re e m e n t a s w e ll a s th e c o n v e y a n c e a t th e p ro p e r re g is tra tio n o ffic e of re g is tra tio n w ith in th e tim e lim it p re s c rib e d by th e R e g is tra tio n A c t a n d th e P ro m o te rs w ill a tte n d s u c h o ffic e a n d a d m it e x e c u tio n th e re o f. 42. NOTICES : T h a t a ll n o tic e s to b e s e rv e d o n th e A llo tte e / P u rc h a s e r a n d th e P ro m o te rs a s c o n te m p la te d b y th is A g re e m e n t s h a ll b e d e e m e d to h a v e b e e n d u ly s e rv e d if s e n t to th e A llo tte e / P u rc h a s e r o r th e P ro m o te rs b y R e g is te re d P o s t A .D a t th e ir re s p e c tiv e a d d re s s e s s p e c ifie d b e lo w : A llo tte e / P u rc h a s e r MR. ___________________ R /o . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ P ro m o t e r s ___________________, A PARTNERSHIP FIRM R e g is te re d u n d e r In d ia n P a rtn e rs h ip A c t, h a v in g its p rin c ip a l p la c e of b u s in e s s at ___________________________ _____________________________________ It s h a ll b e th e d u ty o f th e A llo tte e / P u rc h a s e r a n d th e P ro m o te rs to in fo rm e a c h o th e r o f a n y c h a n g e in a d d re s s s u b s e q u e n t to th e e x e c u tio n o f th is A g re e m e n t in th e a b o v e a d d re s s b y R e g is te re d P o s t fa ilin g w h ic h a ll c o m m u n ic a tio n s a n d le tte rs p o s te d a t th e a b o v e a d d re s s s h a ll b e d e e m e d to h a v e b e e n re c e iv e d b y th e P ro m o te rs o r th e A llo tte e / P u rc h a s e r, a s th e c a s e m a y b e . 43. JOINT ALLOTTEES : T h a t in c a s e th e re a re Jo in t A llo tte e / P u rc h a s e r, th e y s h a ll b e c o n s id e re d as jo in t and s e v e ra b le A llo tte e /P u rc h a s e r fo r th e p u rp o s e o f th e s e c la u s e s in th e a g re e m e n t a n d a ll c o m m u n ic a tio n s 37 s h a ll b e s e n t b y th e P ro m o te rs to th e A llo tte e / P u rc h a s e r w h o s e n a m e a p p e a rs firs t a n d a t th e a d d re s s g iv e n b y th e m w h ic h s h a ll fo r a ll in te n ts a n d p u rp o s e s to c o n s id e r a s p ro p e rly s e rv e d o n a ll th e A llo tte e / P u rc h a s e r. 44. PAYEMNT OF STAMP DUTY and REGISTRATION FEE : T h e A llo tte e / P u rc h a s e r s h a ll b e a r a n d p a y s ta m p d u ty a n d R e g is tra tio n fe e s a n d a ll in c id e n ta l c h a rg e s e tc . in re s p e c t o f th is a g re e m e n t a n d a ll o th e r a g re e m e n ts o r a n y fin a l c o n v e y a n c e d e e d w h ic h is to be e x e c u te d by th e P ro m o te r s in fa v o r of A llo tte e / P u rc h a s e r o r A s s o c ia tio n / s o c ie ty i.e . o rg a n iz a tio n a s m a y b e fo rm e d in w h ic h th e A llo tte e /P u rc h a s e r w ill b e th e m e m b e r. 45. DISPUTE RESOLUTION : A ll o r A n y d is p u te a ris in g o u t o r to u c h in g u p o n o r in re la tio n to th e te rm s a n d c o n d itio n s o f th is a g re e m e n t, in c lu d in g th e in te rp re ta tio n a n d v a lid ity o f th e te rm s th e re o f a n d th e re s p e c tiv e rig h ts a n d o b lig a tio n s o f th e p a rtie s , s h a ll b e s e ttle d a m ic a b ly b y m u tu a l d is c u s s io n , fa ilin g w h ic h th e s a m e s h a ll b e s e ttle d th ro u g h th e a d ju d ic a tin g o ffic e r a p p o in t u n d e r th e a c t. a s p e r th e p ro v is io n s o f th e R e a l E s ta te (R e g u la tio n a n d D e v e lo p m e n t) A c t, 2 0 1 6 , R u le s a n d R e g u la tio n s , th e re u n d e r. 46. WAIVER NOT ALIMITATION TO ENFORCE : 4 6 .1 . T h e P ro m o te rs m a y , a t its s o le o p tio n a n d d is c re tio n , w ith o u t p re ju d ic e to its rig h ts a s s e t o u t in th is A g re e m e n t, w a iv e th e b re a c h b y th e A llo tte e / P u rc h a s e r in n o t m a k in g p a y m e n ts a s p e r th e P a y m e n t P la n in c lu d in g w a iv in g th e p a y m e n t o f in te re s t fo r d e la y e d p a y m e n t. It is made c le a r and so a g re e d by th e A llo tte e / P u rc h a s e r th a t e x e rc is e o f d is c re tio n b y th e P ro m o te rs in th e c a s e o f o n e A llo tte e / P u rc h a s e r s h a ll n o t b e c o n s tru e d to b e a p re c e d e n t a n d /o r b in d in g on th e P ro m o te rs to e x e rc is e such d is c re tio n in th e c a s e o f o th e r A llo tte e /P u rc h a s e r. 4 6 .2 . F a ilu re o n th e p a rt o f th e P ro m o te rs to e n fo rc e a t a n y tim e o r fo r a n y p e rio d o f tim e th e p ro v is io n s h e re o f s h a ll n o t b e c o n s tru e d to be a w a iv e r of any p ro v is io n s or of th e rig h t th e re a fte r to e n fo rc e e a c h a n d e v e ry p ro v is io n . 47. GOVERNING LAW : T h a t th e rig h ts a n d o b lig a tio n s o f th e p a rtie s u n d e r o r a ris in g out of th is A g re e m e n t s h a ll be c o n s tru e d and e n fo rc e d in 38 a c c o rd a n c e w ith th e la w s o f In d ia fo r th e tim e b e in g in fo rc e a n d th e N a s h ik c o u rts w ill h a v e th e ju ris d ic tio n fo r th is A g re e m e n t. 48. BINDING : T h is A g re e m e n t is b in d in g o n A llo tte e / P u rc h a s e r, h is h e irs , e x e c u to rs , a d m in is tra to rs , re p re s e n ta tiv e s , a s s ig n s and a ll th e p e rs o n s c la im in g th ro u g h h im a n d a ls o o n P ro m o te rs , a ll th e p a rtn e rs , th e ir h e irs , e x e c u to rs , a d m in is tra to rs , re p re s e n ta tiv e s , a s s ig n s a n d a ll th e p e rs o n s c la im in g th ro u g h th e m . IN W IT N E S S W H E R E O F p a rtie s h e re in a b o v e n a m e d h a v e s e t th e ir re s p e c tiv e h a n d s a n d s ig n e d th is A g re e m e n t fo r s a le a t N a s h ik in th e p re s e n c e o f a tte s tin g w itn e s s , s ig n in g a s s u c h o n th e d a y firs t a b o v e w ritte n . SCHEDULE - I OF THE PROPERTY A L L T H A T p ie c e a n d p a rc e l o f la n d b e a rin g S .N o . ---------------, P lo t N o .---,------- s q .m trs , o f v illa g e M h a s ru l, N a s h ik , w ith in th e lim its o f N a s h ik M u n ic ip a l C o rp o ra tio n , N a s h ik a n d w ith in th e re g is tra tio n d is tric t a n d s u b d is tric t o f N a s h ik , a n d w h ic h is b o u n d e d a s fo llo w s- O n o r to w a rd s E a s t : ------------- O n o r to w a rd s S o u th : ----------- O n o r to w a rd s W e s t : ------------ O n o r to w a rd s N o rth : --------- SCHEDULE - II OF THE PROPERTY AGREED TO SALE A ll THAT P IE C E AND PARCEL OF C o n s tru c te d F la t/ A p a rtm e n t b e a rin g F la t N o . _ _ _ _ _ s itu a te d o n _ _ _ _ _ _ _ _ _ F lo o r , h a v in g c a rp e t a re a a d m e a s u rin g _________ s q .ft. i.e . _______ s q .m trs . ( a p p ro x ) in th e s a id b u ild in g known as “DA- N A N D A N V A N ” A P A R T M E N T ” to b e c o n s tru c te d o n th e p ro p e rty a s m e n tio n e d in th e firs t s c h e d u le , a lo n g w ith r ig h t to u s e u tilis e a n d e n jo y c o m m o n a re a s a n d fa c ilitie s a n d b o u n d e d a s p e r a p p ro v e d b u ild in g p la n :- O n o r to w a rd s E a s t - By O n o r to w a rd s W e s t - By O n o r to w a rd s S o u th - By O n o r to w a rd s N o rth - By 39 A lo n g w ith a ll e a s e m e n ts , h e re d ita m e n ts a n d o th e r a n n e x e d rig h ts . T H IR D S C H E D U L E GENERAL : • M -2 0 G ra d e o f C o n c re te . • M S / H Y S D / T M T 5 0 0 s te e l. • S e is m ic re s is ta n t R C C s tr u c tu r e . • E x te rn a l w a ll – 6 ” th ic k • In te rn a l w a ll – 4 ” th ic k • B ric k /A A C B lo c k • E x te rn a l p la s te r – s a n d fa c e • In te rn a l p la s te r – N e e ru fin is h e d E le v a to r • A m p le p o w e r b a c k u p fo r e le v a to r. • C o m p o u n d w a ll w ith e n tra n c e in M S g a te • s ta ir c a s e . I n te rn a l : • V itrifie d flo o rin g w ith 3 ” h ig h s k irtin g in e n tire fla t • C e ra m ic flo o rin g in to ile ts , te rra c e , d ry b a lc o n y • E le g a n t a n d d e c o ra tiv e m a in e n tr a n c e d o o r • G o o d q u a lity la m in a te in te rn a l flu s h d o o r • T w o tra c k p o w d e r c o a te d s lid in g w in d o w w ith m o s q u ito n e t • M .S . s a fe ty g rill fo r w in d o w s • M a rb le / G ra n tie k itc h e n p la tfo rm w ith s ta in le s s s te e l s in k • D e s ig n e r g la z e d tile d a d o a b o v e m a rb le / g ra n ite c o o k in g p la tfo rm • L u x u rio u s to ile ts / b a th w ith p a tte rn o f d e c o ra tiv e c e ra m ic tile s • B ra n d e d q u a lity c o n c e a l p lu m b in g • S in g le le v e r b ra n d e d to ile t / b a th fittin g s • H o t & c o ld m ix tu re u n its • B ra n d e d s a n ita ry w a re a n d w a s h b a s in s • C o n c e a le d e le c trific a tio n in b ra n d e d w ire m a k e . • m o d u la r s w itc h e s • M C B fo r e a c h fla t • T V & c a b le p o in t in liv in g ro o m • A d e q u a te c o n c e a le d p o in t in e v e ry ro o m • E x te rn a lly a c r y lic b a s e w a te r p r o o f p a in t • In te rn a lly o il b o u n d d is te m p e r • A m p le p a rk in g fo r e a c h fla t p a v e d w ith c o n c re te b lo c k s 40 IN W IT N E S S W H E R E O F T H E P A R T IE S H A V E S IG N E D H E R E U N T O O N T H IS D A Y , D A T E A N D Y E A R F IR S T M E N T IO N E D A B O V E . SIGNED SEALED & DELIVERED BY THE WITHINNAMED DHANAIT AHIRE ASSOCIATES 1 ) S H R I .V I T T H A L K A R B H A R I D H A N A I T ___________ 1 ) S H R I .D E V E N D R A M A D H U K A R A H I R E __________ _ PROMOTERS/DEVELOPERS SIGNED SEALED & DELIVERED BY THE WITHINNAMED MR. _____________________ _____________ ALLOTTEE/PURCHASER WITNESSES 1. 2.