Village : Chikhloli, Tal. – Ambernath, Survey No., Hissa No. & Plot No. : 138/1/7. Flat/Shop No. : Flat/Shop No. ….. Carpet Area : Admeasuring Carpet Area --------- Sq.Mt. & Cub Board Area ------- Sq.Mt. & adjoining Balcony Area -----------Sq.Mt. on --------- Floor, in ----- Wing - in the Building Namely “ADIYOGI AURA” Agreement Value : Rs. ---------------- /- Stamp Duty : Rs. ---------------- /- Reg. Fee : Rs. ------------------ /- AGREEMENT OF SALE THIS AGREEMENT made at Ambernath on this day of 2024. BETWEEN M/S. ADIYOGI INFRA, (Pan No. ACBFA6270F) a partnership firm carrying on the business of Builders and Developers through its Partners MR. ………………………………………….. Age:- …… Yrs, Occ: Business, Add:- House No. 898, Survey No. 138/1, Behind Karrm Garden, opp Shiv Mandir Talao, Village Chikhloli, Ambernath, Dist. Thane. 421503. hereinafter called and referred to as the “BUILDER/DEVELOPER” (which expression shall unless it be repugnant to the context or meaning thereof mean and include its partner or partners for the time being constituting the said firm, survivor or survivors of them and heirs, administrators and assigns of the last surviving partner) of the party OF THE ONE PART; AND 1) MR/MS/MISS. ………………………………………, Age ……… years, (PAN NO. …………………………), (AADHAR NO ............................... ), 2) MR/MS/MISS. ………………………………………, Age ……… years, (PAN NO. …………………………), (AADHAR NO ............................... ), Both Indian Inhabitant, Both R/at.........................................................................................hereinafter collectively referred to as “THE ALLOTTEES” (which expression shall, unless contrary to the context or meaning thereof, mean and include in the case of 1 individuals their heirs and legal representatives and in case of partnership firm the partners constituting the firm for the time being and the survivors or survivor of them and their respective heirs and legal representatives and in the case of a corporate body, its successors and assigns and in the case of the Trust its Trustees for the time being) OF THE OTHER PART; WHEREAS:— WHEREAS 1) Shri. Madhukar Dattu Mhatre, 2) Shri. Pravin Balkrishna Bhoir, 3) Shri. Sachin Harishchandra Bhoir, 4) Shri. Sohan Jairam Kondilkar had taken the property for development by way of Development Agreement dated 29/04/2014 bearing Registration No, 3021/2014 Registered in the office of Jt Sub Registrar Ulhasnagar-3 at Ambernath bearing Survey No. 138 Hissa No.1, Admeasuring Area 0H-79R-0P, P.K. 0H-14R-20P Total Admeasuring Area 0H- 93R-20P 16Rs. 00 Paise Out Of Salable Area 0H-44R-5P, Out Of Salable Area 0H-22R-25P Situated at Village CHIKHLOLI Tal –Ambernath, Dist-Thane and within the limits of Ambernath Municipal Council and as more fully described in further details in the schedule written hereinbelow and hereinafter referred to as the “said property” from 1) Shri. Gopal Songya Mhatre, 2) Shri. Sukhdev Songya Mhatre, 3) Smt. Devkubai Alise Urmila Shivdas Tare. Thereafter Gopal Songya Mhatre expired on 27/07/2021 and the name of legal heirs are, daughter 1) Tejashree Milind Thakur, and wife 2) Gulab Gopal Mhatre were entered on the Survey No. 138/1/A paiki. And accordingly mutation entry no. 1979 was effected on revenue record. Therefore 1) Devku alias Urmila Shivdas Tare, 2) Sukhdev Songya Mhatre, 3) Gulab Gopal Mhatre and 4) Tejashree Milind Thakur had executed Confirmation Deed dated 31/03/2023 in the favour of 1) Shri. Madhukar Dattu Mhatre, 2) Shri. Pravin Balkrishna Bhoir, 3) Shri. Sachin Harishchandra Bhoir, 4) Shri. Sohan Jairam Kondilkar. The said Confirmation Deed/Supplementary Agreement dated 31/03/2023 registered in the office of Jt Sub Registrar Ulhasnagar-4 at Badlapur bearing Registration No. 3929/2023 on dated 31/03/2023. Copy Of Development Agreement and Confirmation Deed is annexed herewith. AND WHEREAS 1) Shri. Madhukar Dattu Mhatre, 2) Shri. Pravin Balkrishna Bhoir, 3) Shri. Sachin Harishchandra Bhoir, 4) Shri. Sohan Jairam Kondilkar formed partnership firm namely M/S. ADIYOGI INFRA among themselves to develop Survey No. 138 Hissa No.1, Admeasuring Area 0H-79R- 2 0P, P.K. 0H-14R-20P Total Admeasuring Area 0H-93R-20P 16Rs. 00 Paise Out Of Salable Area 0H-44R-5P, Out Of Salable Area 0H-22R-25P Situated at Village CHIKHLOLI, Tal –Ambernath, Dist-Thane and within the limits of Ambernath Municipal Council. Thereafter Mr. Neeraj Brijkishor Jain entered in the partnership firm M/S. ADIYOGI INFRA as a partner. AND WHEREAS the Survey No. 138 Hissa No.1, Admeasuring Area 0H- 79R-0P, P.K. 0H-14R-20P Total Admeasuring Area 0H-93R-20P 16Rs. 00 Paise Out Of Salable Area 0H-44R-5P, Out Of Salable Area 0H-22R-25P was changed and new survey no. 138/1/7 was given as per that the mutation entry no. 2067. AND WHEREAS the Builder/Developer has proposed that they would develop Survey No. 138/1/7 and form co-operative Society of all the flats/shops purchasers of the building that would be constructed on Survey No. 138/1/7. AND WHEREAS M/S. ADIYOGI INFRA prepared the plan of the said building and submitted for approval to the competent authorities. The Ambernath Municipal Council had granted the permission of construction and sanctioned the plan, vide its permit No. CATAM/B/2024/APL/00134 and Building Permit No. 200812 vide Proposal Code : CATAM-23-54258 on dated 18/03/2024. M/S. ADIYOGI INFRA has commenced/completed the construction of the building as per approved plan, thereon. Copy Of Construction permission is annexed as Annexure ‘A’. 7/12 extracts showing title of the Owner/Developer in respect of the said Survey No. 138/1/7 are annexed hereto as Annexure ‘B’, where the promoter is in possession of proposed land. AND WHEREAS the Promoter has proposed to construct on the project land 1 number of building with 2 wings having Stilt plus Ground plus upper Seven floors. AND WHEREAS the Promoter has entered into a standard Agreement with an Architect ‘Arvind Khanwalkar’ (hereinafter called "The Said Architect”) registered with the Council of Architects and such Agreement is as per the Agreement prescribed by the Council of Architects; AND WHEREAS the Promoter has appointed a Structural Engineer Jiyal Chaudhari (hereinafter called "The Said RCC Consultants”) for the preparation of the structural design and drawings of the buildings and the Promoter 3 accepts the professional supervision of the Architect and the structural Engineer till the completion of the building/buildings. AND WHEREAS by virtue of the Agreement the Promoter has sole and exclusive right to sell the Flats/Shops in the said building/s to be constructed by the Promoter on the project land and to enter into Agreement/s with the allottee(s)/s of the Flats to receive the sale consideration in respect thereof; AND WHEREAS the Promoter has registered the Project under the provisions of the Act with the Real Estate Regulatory Authority at Mumbai no. … .................... ; authenticated copy is attached in Annexure ‘D‘ AND WHEREAS the Allottee/Purchaser is offered a Flat No. ............ , Admeasuring Carpet Area ………. Sq.Mt. & Cub Board Area ……….. Sq.Mt. & adjoining Balcony Area ………….. Sq.Mt. & adjoining Terrace ............... Sq.Mt. on ………….. Floor in.................. … Wing in the Building namely “ADIYOGI AURA” (herein after referred to as the said “Flat”) which are to be constructed on Survey No. 138/1/7 Admeasuring Area 0H-22R-25P Situated at Village CHIKHLOLI, Tal –Ambernath, Dist-Thane and within the limits of Ambernath Municipal Council. (herein after referred to as the said “Building”) being constructed on the said property described in the Third Schedule hereunder written. AND WHEREAS on demand from the Allottee, the Promoter has given inspection to the Allottee of all the documents of title relating to the project land and the plans, designs and specifications prepared by the Promoter's Architects and of such other documents as are specified under the Real Estate (Regulation and Development) Act 2016 (hereinafter referred to as "the said Act") and the Rules and Regulations made there under; AND WHEREAS the authenticated copies of Certificate of Title issued by the advocate of the Promoter, authenticated copies of Property card or extract of Village Forms VII and XII or any other relevant revenue record showing the nature of the title of the Promoter to the project land on which the Flats are constructed or are to be constructed have been annexed hereto and marked as ‘E’. AND WHEREAS the authenticated copies of the plans of the Layout as approved by the concerned Local Authority have been annexed hereto and marked as ‘F’. 4 AND WHEREAS the authenticated copies of the plans of the Layout as proposed by the Promoter and according to which the construction of the buildings and open spaces are proposed to be provided for on the said project have been annexed hereto and marked as ‘G’. AND WHEREAS the Promoter has got some of the approvals from the concerned local authority(s) to the plans, the specifications, elevations, sections and of the said building/s and shall obtain the balance approvals from various authorities from time to time, so as to obtain Building Completion Certificate or Occupancy Certificate of the said Building. AND WHEREAS while sanctioning the said plans concerned local authority and/or Government has laid down certain terms, conditions, stipulations and restrictions which are to be observed and performed by the Promoter while developing the project land and the said building and upon due observance and performance of which only the completion or occupancy certificate in respect of the said building/s shall be granted by the concerned local authority. AND WHEREAS the Promoter/Builder have accordingly commenced construction of the said building in accordance with the said plans. AND WHEREAS the Allottee/Purchaser has applied to the Promoter/Builder for allotment of Flat/Shop No ............., Admeasuring Carpet Area ………. Sq.Mt. & Cub Board Area ............. Sq.Mt. & adjoining Balcony Area ………….. Sq.Mt. & adjoining Terrace ………….. Sq.Mt. on ………….. Floor in ….. Wing in the Building namely “ADIYOGI AURA” (herein after referred to as the said “Flat/Shop”) which are to be constructed on Survey No. 138/1/7 Admeasuring Area 0H-22R-25P Situated at Village CHIKHLOLI, Tal – Ambernath, Dist-Thane and within the limits of Ambernath Municipal Council described in the Schedule hereunder written being the said Flat/Shop. AND WHEREAS the carpet area of the said Flat/Shop is .............. square meters and "carpet area" means the net usable floor area of the said Flat, excluding the area covered by the external walls, areas under services shafts, exclusive balcony appurtenant to the said Flat for exclusive use of the Allottee or verandah area and exclusive open terrace area appurtenant to the said Flat for exclusive use of the Allottee but includes the area covered by the internal partition walls of the Flat. 5 AND WHEREAS, the parties relying on the confirmations, representations and assurances of each other to faithfully abide by all the terms, conditions and stipulations contained in this Agreement and all applicable laws, are now willing to enter into this Agreement on the terms and conditions appearing hereinafter; AND WHEREAS, prior to the execution of these presents the Allottee/Purchaser has paid to the Promoter/Builder a sum of Rs. --------------- /- (Rupees ------------------------------ only), being part payment of the sale consideration of the Flat agreed to be sold by the Promoter to the Allottee as advance payment or Application Fee (the payment and receipt whereof the Promoter both hereby admit and acknowledge) and the Allottee has agreed to pay to the Promoter the balance of the sale consideration in the manner hereinafter appearing. AND WHEREAS, the Promoter has registered the Project under the provisions of the Real Estate (Regulation & Redevelopment) Act, 2016 with the Real Estate Regulatory Authority at Mumbai no. ………………. AND WHEREAS, under section 13 of the said Act the Promoter is required to execute a written Agreement for sale of said Flat with the Allottee/s, being in fact these presents and also to register said Agreement under the Registration Act, 1908. In accordance with the terms and conditions set out in this Agreement and as mutually agreed upon by and between the Parties, the Promoter hereby agrees to sell and the Allottee/s hereby agrees to purchase the said Flat. NOW THEREFOR, THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:- 1. The Promoter/Builder shall construct the said building/s consisting of 1 number of building with 2 wings having Stilt plus Ground plus upper Seven floors as per the sanctioned plans and permissions on the said property described in the Schedule hereunder written in accordance with the plans, designs and specifications as approved by the concerned local authority from time to time. Provided that the Promoter shall have to obtain prior consent in writing of the Allottee in respect of variations or modifications which may adversely affect the Flat of the Allottee except any alteration or addition required by any Government authorities or due to change in law. 6 1 The Allottee/Purchaser hereby agrees to purchase from the Promoter/Builder and the Promoter/Builder hereby agrees to sell to the Allottee/Purchaser the Flat/Shop No. ……….., Admeasuring Carpet Area ………. Sq.Mt. & Cub Board Area ……….. Sq.Mt. & adjoining Balcony Area ………….. Sq.Mt. & adjoining Terrace ………….. Sq.Mt. on.............. . Floor in ……. Wing in the Building namely “ADIYOGI AURA” (herein after referred to as the said “Flat/Shop”) which are to be constructed on Survey No. 138/1/7 Admeasuring Area 0H-22R-25P Situated at Village CHIKHLOLI, Tal –Ambernath, Dist-Thane and within the limits of Ambernath Municipal Council. (hereinafter referred to as "the Flat/Shop”) as shown in the Floor plan thereof hereto annexed and marked Annexures C-1 and C-2 for the consideration of Rs. ..................... /- (Rupees ……………………………………………… only) including the proportionate price of the common areas and facilities appurtenant to the Flat, the nature, extent and description of the common areas and facilities which are more particularly described in the Second Schedule annexed herewith. 1(a) The Allottee hereby agrees to purchase from the Promoter and the Promoter hereby agrees to sell to the Allottee covered parking spaces bearing Nos. ____ being constructed in the said building for the consideration of Rs. ____________/-. 1(b) The total aggregate consideration amount for the Apartment including covered parking spaces is thus Rs.______/- 1(c) The Allottee has paid on or before execution of this agreement a sum of Rs. -------------/- (Rupees ---------------------------------------only) as advance payment or application fee and hereby agrees to pay to that Promoter the balance amount of Rs. --------------------/- (Rupees -------------------------------------- - Only) in the following manner :- Sr.No Particulars Percent 1. On Execution of Agreement 10% 2. On Completion of Plinth 35% 3. On Completion of 1st Slab 3% 4. On Completion of 2nd Slab 3% 5. On Completion of 3rd Slab 3% 6. On Completion of 4th Slab 3% 7. On Completion of 5th Slab 3% 8. On Completion of 6th Slab 3% 9. On Completion of 7th Slab 3% 10. On Completion of Terrace Slab 4% 11. On Completion of on completion of the walls, internal 5% plaster, floorings doors and windows 12. On Completion of Sanitary fittings, staircases, lift wells, 5% lobbies upto the floor level 13. On Completion of the external plumbing and external 5% plaster, elevation, terraces with waterproofing, of the building or wing 7 14. On Completion of the lifts, water pumps, electrical 10% fittings, electro, mechanical and environment requirements, entrance lobby/s, plinth protection, paving of areas appertain and all other requirements as may be prescribed in the Agreement of sale of the building or wing 15. On handing over of the possession 5% TOTAL 100% 1( d) The Total Price above excludes Taxes (consisting of tax paid or payable by the Promoter by way of GST or any other similar taxes which may be levied, in connection with the construction of and carrying out the Project payable by the Promoter) up to the date of handing over the possession of the Flat. 1(e) The Total Price is escalation-free, save and except escalations/ increases, due to increase on account of development charges payable to the competent authority and/or any other increase in charges which may be levied or imposed by the competent authority Local Bodies/Government from time to time. The Promoter undertakes and agrees that while raising a demand on the Allottee for increase in development charges, cost, or levies imposed by the competent authorities etc., the Promoter shall enclose the said notification/order/rule/ regulation published/issued in that behalf to that effect along with the demand letter being issued to the Allottee, which shall only be applicable on subsequent payments. 1(f) The Promoter may allow, in its sole discretion, a rebate for early payments of equal installments payable by the Allottee by discounting such early payments @ % per annum for the period by which the respective installment has been preponed. The provision for allowing rebate and such rate of rebate shall not be subject to any revision/withdrawal, once granted to an Allottee by the Promoter. 1(g) The Promoter shall confirm the final carpet area that has been allotted to the Allottee after the construction of the Building is complete and the occupancy certificate is granted by the competent authority, by furnishing details of the changes, if any, in the carpet area, subject to a variation gap of three percent. The total price payable for the carpet area shall be recalculated upon confirmation by the Promoter. If there is any reduction in the carpet area within the defined limit then Promoter shall refund the excess money paid by Allottee within forty-five days with annual interest at the rate specified in the Rules, from the date when such an excess amount was paid by the Allottee. If there is any increase in the carpet area allotted to Allottee, 8 the Promoter shall demand additional amount from the Allottee as per the next milestone of the Payment Plan. All these monetary adjustments shall be made at the same rate per square meter as agreed in Clause 1(a) of this Agreement. 1(h) The Allottee authorizes the Promoter to adjust/appropriate all payments made by them under any head(s) of dues against lawful outstanding, if any, in his/her/their name as the Promoter may in its sole discretion deem fit and the Allottee undertakes not to object/demand/direct the Promoter to adjust his payments in any manner. 2. 1. The Promoter hereby agrees to observe, perform and comply with all the terms, conditions, stipulations and restrictions if any, which may have been imposed by the concerned local authority at the time of sanctioning the said plans or thereafter and shall, before handing over possession of the Flat to the Allottee, obtain from the concerned local authority occupancy and/or completion certificates in respect of the Flat. 2. Time is essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule for completing the project and handing over the said Flat to the Allottee and the common areas to the association of the Allottees after receiving the occupancy certificate or the completion certificate or both, as the case may be. Similarly, the Allottee shall make timely payments of the instalment and other dues payable by them and meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the Promoter as provided in clause 1 (c) herein above. (“Payment Plan”). 3. The Promoter hereby declares that the Floor Space Index available as on date in respect of the project land is ……… square meters only and Promoter has planned to utilize Floor Space Index of ……… ( .............. sq.mt) by availing of TDR or FSI available on payment of premiums or FSI available as incentive FSI by implementing various scheme as mentioned in the Development Control Regulation or based on expectation of increased FSI which may be available in future on modification to Development Control Regulations, which are applicable to the said Project. The Promoter has disclosed the Floor Space 9 Index of ……… (……… sq.mt.) as proposed to be utilized by him on the project land in the said Project and Allottee has agreed to purchase the said Flat based on the proposed construction and sale of Flats to be carried out by the Promoter by utilizing the proposed FSI and on the understanding that the declared proposed FSI shall belong to Promoter only. 4. 1. If the Promoter fails to abide by the time schedule for completing the project and handing over the said Flat to the Allottee, the Promoter agrees to pay to the Allottee, who does not intend to withdraw from the project, interest as specified in the Rule, on all the amounts paid by the Allottee, for every month of delay, till the handing over of the possession. The Allottee agrees to pay to the Promoter, interest as specified in the Rule, on all the delayed payment which become due and payable by the Allottee to the Promoter under the terms of this Agreement from the date the said amount is payable by the Allottee(s) to the Promoter. 2. Without prejudice to the right of promoter to charge interest in terms of sub clause 4.1 above, on the Allottee committing default in payment on due date of any amount due and payable by the Allottee to the Promoter under this Agreement (including their proportionate share of taxes levied by concerned local authority and other outgoings) and on the Allottee committing three defaults of payment of installments, the Promoter shall at their own option, may terminate this Agreement: Provided that, Promoter shall give notice of fifteen days in writing to the Allottee, by Registered Post AD at the address provided by the Allottee and mail at the e-mail address provided by the Allottee, of their intention to terminate this Agreement and of the specific breach or breaches of terms and conditions in respect of which it is intended to terminate the Agreement. If the Allottee fails to rectify the breach or breaches mentioned by the Promoter within the period of notice then at the end of such notice period, promoter shall be entitled to terminate this Agreement. Provided further that upon termination of this Agreement as aforesaid, the Promoter shall refund to the Allottee (subject to adjustment and recovery of any agreed liquidated damages or any other amount which may be payable to Promoter) within a period of thirty days of the termination, the installments of sale consideration of the Flat which may till then have been paid by the Allottee to the Promoter. 5. The fixtures and fittings with regard to the flooring and sanitary fittings and amenities like one or more lifts with particular brand, or price range (if unbranded) to be provided 10 by the Promoter in the said building and the Apartment as are set out in Annexure annexed hereto. 6. The Promoters shall give possession of the Apartment to the Allottee on or before _______________. If the Promoter fails or neglects to give possession of the Apartment / Flat to the Allottee on account of reasons beyond his control and of his agents by the aforesaid date then the Promoters shall be liable on demand to refund to the Allottee the amounts already received by him in respect of the Apartment with interest at the same rate as may mentioned in the clause 4.1 herein above from the date the Promoters received the sum till the date the amounts and interest thereon is repaid. Provided that the Promoter shall be entitled to reasonable extension of time for giving delivery of Apartment on the aforesaid date, if the completion of building in which the Apartment is to be situated is delayed on account of: (i) War, civil commotion or act of God; (ii) any notice, order, rule, notification of the Government and/or other public or competent authority/court. 11 5. 1. Procedure for taking possession - The Promoter, upon obtaining the occupancy certificate from the competent authority and the payment made by the Allottee as per the agreement shall offer in writing the possession of the said Flat to the Allottee in terms of this Agreement to be taken within 15 days from the date of issue of such notice and the Promoter shall give possession of the said Flat to the Allottee. The Promoter agrees and undertakes to indemnify the Allottee in case of failure of fulfilment of any of the provisions, formalities, documentation on part of the Promoter. The Allottee agree(s) to pay the maintenance charges as determined by the Promoter or association of Allottees, as the case may be. The Promoter on its behalf shall offer the possession to the Allottee in writing within 7 days of receiving the occupancy certificate of the Project. 2. The Allottee shall take possession of the said Flat within 15 days of the written notice from the Promoter to the Allottee intimating that the said Flat is ready for use and occupancy: 3. Failure of Allottee to take Possession of Said Flat: Upon receiving a written intimation from the Promoter as per clause 7.1, the Allottee shall take possession of the said Flat from the Promoter by executing necessary 12 indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter shall give possession of the said Flat to the Allottee. In case the Allottee fails to take possession within the time provided in clause 7.1 such Allottee shall continue to be liable to pay maintenance charges as applicable. 4. If within a period of five years from the date of Occupation Certificate, the Allottee brings to the notice of the Promoter any structural defect in the Flat or the building in which the Flat are situated or any defects on account of workmanship, quality or provision of service, then, wherever possible such defects shall be rectified by the Promoter at their own cost and in case it is not possible to rectify such defects, then the Allottee shall be entitled to receive from the Promoter, compensation for such defect in the manner as provided under the Act. 6. The Allottee shall use the Apartment or any part thereof or permit the same to be used only for purpose of residence and shop only for carrying out legal and authorized business by obtaining requisite permissions and licenses. He shall use the garage or available parking space only for purpose of keeping or parking vehicle. 9. The Allottee along with other Allottees of Apartments in the building shall join in forming and registering the Society or Association or a Limited Company to be known by such name as the Promoter may decide and for this purpose also from time to time sign and execute the Application for Registration and / or Membership and the other papers and documents necessary for the formation of registration of the Society or Association or Limited Company and for becoming a member, including the bye-laws of the Proposed Society and duly fill in, sign and return to the Promoter within 07 days of the same being forwarded by the Promoter to the Allottee, so as to enable the Promoter to register the common Organization of Allottee. No objection shall be taken by the Allottee if any, changes or modifications are made in the draft bye-laws, or the Memorandum and/or Articles of Association, as may be required by the Registrar of Co-operative Societies or the Registrar of Companies as the case may be or any other Competent Authority. 9.1 The Promoter shall, within three months of registration of the Society, as aforesaid, cause to be transferred to the Society all the right, title and the interest of the Original Owner/Promoter and /or the owners in the said 13 structure of the Building in which the said Apartment is situated. 9.2 The Promoter shall, within three months of registration of the Society, as aforesaid, cause to be transferred to the Society all the right, title and the interest of the project land on which the building with multiple wings or buildings are constructed. 9.3 Within 15 days after notice in writing is given by the Promoter to the Allottee that the Apartment is ready for use and occupancy, the Allottee shall be liable to bear and pay the proportionate share (i.e. in proportion to the carpet area of the Apartment) of outgoings in respect of the “Project Land” and Building/s namely local taxes, betterment charges or such other levies by the concerned local authority and/or Government water charges, insurance, common lights, repairs and salaries of clerks bill collectors, chowkidars, sweepers and all other expenses necessary and incidental to the management and maintenance of the project land and building/s. Until the Society or Limited Company is formed and the said structure of the building/s or wings is transferred to it, the Allottee shall pay to the Promoters such proportionate share of outgoings as may be determined. The Allottee further agrees that till the Allottee's share is so determined the Allottee shall pay to the Promoters provisional monthly contribution of Rs. 4/- per sq.ft. per month towards the outgoings. The amounts so paid by the Allottee to the Promoters shall not carry any interest and remain with the Promoters until the land and building is handed over to the Co-operative Housing Society to be formed and registered in future. 10. The Allottee shall on or before delivery of possession of the said premises keep deposited with the Promoter, the following amounts :- (i) Rs /- for share money, application entrance fee of the Society or Limited Company/Federation/ Apex body. (ii) Rs. ………../- for formation and registration of the Society or Limited Company/Federation/ Apex body. (iii) Rs ............ /- for proportionate share of taxes and other charges/levies in respect of the Society or Limited Company/Federation/Apex body. 11. The Allottee shall pay to the Promoter a sum of Rs. ............ /- for meeting all legal costs, charges and expenses, including professional costs of the Attorney-at- Law/Advocates of the Promoter in connection with formation of the said Society, or Limited Company, or Apex Body or Federation and for preparing its rules, regulations and bye-laws and the cost of preparing and 14 engrossing the conveyance or assignment of lease. 12. At the time of registration of conveyance or Lease of the structure of the building or wing of the building, the Allottee shall pay to the Promoter, the Allottees' share of stamp duty and registration charges payable, by the said Society or Limited Company on such conveyance or lease or any document or instrument of transfer in respect of the structure of the said Building/wing of the building. At the time of registration of conveyance or Lease of the project land, the Allottee shall pay to the Promoter, the Allottees' share of stamp duty and registration charges payable, by the said Apex Body or Federation on such conveyance or lease or any document or instrument of transfer in respect of the structure of the said land to be executed in favour of the Apex Body or Federation. 13. REPRESENTATIONS AND WARRANTIES OF THE PROMOTER The Promoter hereby represents and warrants to the Allottee as follows: i. The Promoter has clear and marketable title with respect to the project land; as declared in the title report annexed to this agreement and has the requisite rights to carry out development upon the project land and also has actual, physical and legal possession of the project land for the implementation of the Project; ii. The Promoter has lawful rights and requisite approvals from the competent Authorities to carry out development of the Project and shall obtain requisite approvals from time to time to complete the development of the project; iii. There are no encumbrances upon the project land or the Project except those disclosed in the title report; iv. There are no litigations pending before any Court of law with respect to the project land or Project except those disclosed in the title report; v. All approvals, licenses and permits issued by the competent authorities with respect to the Project, project land and said building/wing are valid and subsisting and have been obtained by following due process of law. Further, all approvals, licenses and permits to be issued by the competent authorities with respect to the Project, project land and said building/wing shall be obtained by following due process of law and the Promoter has been and shall, at all times, remain to be in compliance with all applicable laws in relation to the Project, project land, Building/wing and common areas; vi. The Promoter has the right to enter into this Agreement and has not committed or omitted to perform any act or thing, whereby the right, title and interest of the Allottee created herein, may prejudicially be affected; vii. The Promoter has not entered into any agreement for sale and/or 15 development agreement or any other agreement/arrangement with any person or party with respect to the project land, including the Project and the said Flat and which will, in any manner, affect the rights of Allottee under this Agreement; viii. The Promoter confirms that the Promoter is not restricted in any manner whatsoever from selling the said Flat to the Allottee in the manner contemplated in this Agreement; ix. At the time of execution of the conveyance deed of the structure to the Association of Allottees the Promoter shall handover lawful, vacant, peaceful, physical possession of the common areas of the Structure to the Association of the Allottees; x. The Promoter has duly paid and shall continue to pay and discharge undisputed governmental dues, rates, charges and taxes and other monies, levies, impositions, premiums, damages and/or penalties and other outgoings, whatsoever, payable with respect to the said project to the competent Authorities; xi. No notice from the Government or any other local body or authority or any legislative enactment, government ordinance, order, notification (including any notice for acquisition or requisition of the said property) has been received or served upon the Promoter in respect of the project land and/or the Project except those disclosed in the title report. 14. The Allottees or themselves with intention to bring all persons into whosoever hands the Flat may come, hereby covenants with the Promoter as follows :- i. To maintain the said Flat the Allottee's own cost in good and tenantable repair and condition from the date that of possession of the Flat is taken and shall not do or suffer to be done anything in or to the building in which the Flat is situated which may be against the rules, regulations or bye-laws or change/alter or make addition in or to the building in which the Flat is situated and the Flat itself or any part thereof without the consent of the local authorities, if required. ii. Not to store in the said Flat any goods which are of hazardous, combustible or dangerous nature or are so heavy as to damage the construction or structure of the building in which the Flat is situated or storing of which goods is objected to by the concerned local or other authority and shall take care while carrying heavy packages which may damage or likely to damage the staircases, common passages or any other structure of the building in which the said Flat is situated, including entrances of the building in which the said Flat is situated and in case any damage is caused to the building in 16 which the said Flat is situated or the Flat on account of negligence or default of the Allottee in this behalf, the Allottee shall be liable for the consequences of the breach. iii. To carry out at their own cost all internal repairs to the said Flat and maintain the Flat in the same condition, state and order in which it was delivered by the Promoter to the Allottee and shall not do or suffer to be done anything in or to the building in which the Flat is situated or the Flat which may be contrary to the rules and regulations and bye-laws of the concerned local authority or other public authority. In the event of the Allottee committing any act in contravention of the above provision, the Allottee shall be responsible and liable for the consequences thereof to the concerned local authority and/or other public authority. iv. Not to demolish or cause to be demolished the Flat or any part thereof, nor at any time make or cause to be made any addition or alteration of whatever nature in or to the Flat or any part thereof, nor any alteration in the elevation and outside colour scheme of the building in which the Flat is situated and shall keep the portion, sewers, drains and pipes in the Flat and the appurtenances thereto in good tenantable repair and condition, and in particular, so as to support shelter and protect the other parts of the building in which the Flat is situated and shall not chisel or in any other manner cause damage to columns, beams, walls, slabs or RCC, Pardis or other structural members in the Flat without the prior written permission of the Promoter and/or the Society or the Limited Company. v. Not to do or permit to be done any act or thing which may render void or voidable any insurance of the project land and the building in which the Flat is situated or any part thereof or whereby any increased premium shall become payable in respect of the insurance. vi. Not to throw dirt, rubbish, rags, garbage or other refuse or permit the same to be thrown from the said Flat in the compound or any portion of the project land and the building in which the Flat is situated. vii. Pay to the Promoter within fifteen days of demand by the Promoter, their share of security deposit demanded by the concerned local authority or Government or giving water, electricity or any other service connection to the building in which the Flat is situated. viii. To bear and pay increase in local taxes, water charges, insurance and such other levies, if any, which are imposed by the concerned local authority and/or Government and/or other public authority, on account of change of user of the Flat by the Allottee for any purposes other than for purpose for which it is sold. ix. The Allottee shall not let, sub-let, transfer, assign or part with interest 17 or benefit factor of this Agreement or part with the possession of the Flat until all the dues payable by the Allottee to the Promoter under this Agreement are fully paid up and necessary intimation is provided to the Promoter and no objection therefor is sought by the Allottee from the Promoter for such transfer and assignment. x. The Allottee shall observe and perform all the rules and regulations which the Society or the Limited Company or Apex Body or Federation may adopt at its inception and the additions, alterations or amendments thereof that may be made from time to time for protection and maintenance of the said building and the Flat therein and for the observance and performance of the Building Rules, Regulations and Bye-laws for the time being of the concerned local authority and of Government and other public bodies. The Allottee shall also observe and perform all the stipulations and conditions laid down by the Society/Limited Company/Apex Body/Federation regarding the occupancy and use of the Flat in the Building and shall pay and contribute regularly and punctually towards the taxes, expenses or other out-goings in accordance with the terms of this Agreement. xi. Till a conveyance of the structure of the building in which Flat is situated is executed in favour of Society/Limited Society, the Allottee shall permit the Promoter and their surveyors and agents, with or without workmen and others, at all reasonable times, to enter into and upon the said buildings or any part thereof to view and examine the state and condition thereof. xii. Till a conveyance of the project land on which the building in which Flat is situated is executed in favour of Apex Body or Federation, the Allottee shall permit the Promoter and their surveyors and agents, with or without workmen and others, at all reasonable times, to enter into and upon the project land or any part thereof to view and examine the state and condition thereof. 15. The Promoter shall maintain a separate account in respect of sums received by the Promoter from the Allottee as advance or deposit, sums received on account of the share capital for the promotion of the Co-operative Society or Association or Company or towards the out goings, legal charges and shall utilize the amounts only for the purposes for which they have been received. 16. Nothing contained in this Agreement is intended to be nor shall be construed as a grant, demise or assignment in law, of the said Apartments or of the said Plot and Building or any part thereof. The Allottee shall have no claim save and except in respect of the Apartment hereby agreed to be sold 18 to him and all open spaces, parking spaces, lobbies, staircases, terraces recreation spaces, will remain the property of the Promoters until the said structure of the building is transferred to the Society/Limited Company or other body and until the project land is transferred to the Apex Body /Federation as hereinbefore mentioned. 16. PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE After the Promoter executes this Agreement he shall not mortgage or create a charge on the Flat and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Flat. 17. BINDING EFFECT Forwarding this Agreement to the Allottee by the Promoter does not create a binding obligation on the part of the Promoter or the Allottee until, firstly, the Allottee signs and delivers this Agreement with all the schedules along with the payments due as stipulated in the Payment Plan within 30 (thirty) days from the date of receipt by the Allottee and secondly, appears for registration of the same before the concerned Sub- Registrar as and when intimated by the Promoter. If the Allottee (s) fails to execute and deliver to the Promoter this Agreement within 30 (thirty) days from the date of its receipt by the Allottee and/or appear before the Sub-Registrar for its registration as and when intimated by the Promoter, then the Promoter shall serve a notice to the Allottee for rectifying the default, which if not rectified within 15 (fifteen) days from the date of its receipt by the Allottee, application of the Allottee shall be treated as cancelled and all sums deposited by the Allottee in connection therewith including the booking amount shall be returned to the Allottee without any interest or compensation whatsoever. 18. ENTIRE AGREEMENT This Agreement, along with its schedules and annexures, constitutes the entire Agreement between the Parties with respect to the subject matter hereof and supersedes any and all understandings, any other agreements, allotment letter, correspondences, arrangements whether written or oral, if any, between the Parties in regard to the said Flat as the case may be. 19 19. RIGHT TO AMEND This Agreement may only be amended through written consent of the Parties herein. 20. PROVISIONS OF THIS AGREEMENT APPLICABLE TO ALLOTTEE / SUBSEQUENT ALLOTTEES It is clearly understood and so agreed by and between the Parties hereto that all the provisions contained herein and the obligations arising hereunder in respect of the Project shall equally be applicable to and enforceable against any subsequent Allottees of the said Flat, in case of a transfer, as the said obligations go along with the said Flat for all intents and purposes. 21. SEVERABILITY If any provision of this Agreement shall be determined to be void or unenforceable under the Act or the Rules and Regulations made thereunder or under other applicable laws, such provisions of the Agreement shall be deemed amended or deleted in so far as reasonably inconsistent with the purpose of this Agreement and to the extent necessary to conform to Act or the Rules and Regulations made thereunder or the applicable law, as the case may be, and the remaining provisions of this Agreement shall remain valid and enforceable as applicable at the time of execution of this Agreement. 22. METHOD OF CALCULATION OF PROPORTIONATE SHARE WHEREVER REFERRED TO IN THE AGREEMENT Wherever in this Agreement it is stipulated that the Allottee has to make any payment, in common with other Allottee(s) in Project, the same shall be in proportion to the carpet area of the said Flat to the total carpet area of all the said Flat in the Project. 23. FURTHER ASSURANCES The Parties herein agree that they shall execute, acknowledge and deliver to the other such instruments and take such other actions, in additions to the instruments and actions specifically provided for herein, as may be reasonably required in order to effectuate the provisions of this Agreement or of any transaction contemplated herein or to confirm or perfect any right to be created or transferred hereunder or pursuant to any such transaction. 20 24. PLACE OF EXECUTION The execution of this Agreement shall be complete only upon its execution by the Promoter through its authorized signatory at the Badlapur/Ambernath, or at some other place, which may be mutually agreed between the Promoter and the Allottee, in after the Agreement is duly executed by the Allottee and the Promoter or simultaneously with the execution the said Agreement shall be registered at the appropriate office of the Sub-Registrar. 25. The Allottee and/or Promoter shall present this Agreement as well as the conveyance/assignment of lease at the proper registration office of registration within the time limit prescribed by the Registration Act and the Promoter will attend such office and admit execution thereof. 26. That all notices to be served on the Allottee and the Promoter as contemplated by this Agreement shall be deemed to have been duly served if sent to the Allottee or the Promoter by Registered Post A.D and notified Email ID/Under Certificate of Posting at their respective addresses specified Below. Name of Allottee : …………………………………………………………………………. (Allottee’s Address) ……………………………………………………………………….. ………………………………………………………………………………………………………… Notified Email ID:___________ Builder/Promoters Address Add:- House No. 898, Survey No. 138/1, Behind Karrm Garden, opp Shiv Mandir Talao, Village Chikhloli, Ambernath, Dist. Thane. 421503, Email- It shall be the duty of the Allottee and the promoter to inform each other their address, email ID or any change in address or email ID subsequent to the execution of this Agreement in the above address by Registered Post failing which all communications and letters posted at the above address shall be deemed to have been received by the promoter or the Allottee, as the case may be. 27. JOINT ALLOTTEES That in case there are Joint Allottees all communications shall be sent by the Promoter to the Allottee whose name appears first and at the address given by him/her/their which shall for all intents and purposes to consider as properly served on all the Allottees. 21 28. STAMP DUTY AND REGISTRATION AND STATUTORY TAXES AND LEVIES:- The charges towards stamp duty and Registration of this Agreement as well as statutory government, Semi-Government taxes and levies, service tax, goods and service tax, value added tax and all other direct and indirect taxes shall be borne by the Allottee alone. 29. DISPUTE RESOLUTION:- Any dispute between parties shall be settled amicably. In case of failure to settled the dispute amicably, which shall be referred to the Competent Authority as per the provisions of the Real Estate (Regulation and Development) Act, 2016, Rules and Regulations, there under. 30. GOVERNING LAW:- That the rights and obligations of the parties under or arising out of this Agreement shall be construed and enforced in accordance with the laws of India for the time being in force and the Civil Courts will have the jurisdiction for this Agreement. THE FIRST SCHEDULE ABOVE REFERRED TO: [Description of LAND] Survey No. 138/1/7 Admeasuring Area 0H-22R-25P Situated at Village CHIKHLOLI, Tal –Ambernath, Dist-Thane and within the limits of Ambernath Municipal Council. The four boundaries for above described properties are : On or towards EAST side : 18 mtr DP Road On or towards WEST side : S.No. 138/2 On or towards SOUTH side : S.No. 138/1/8 On or towards NORTH side : S.No. 138/1/6 THE SECOND SCHEDULE OF THE PROPERTY: [Description of the FLAT/SHOP] Flat/Shop No. ……….., Admeasuring Carpet Area ………. Sq.Mt. & Cub Board Area ……….. Sq.Mt. & adjoining Balcony Area ………….. Sq.Mt. & adjoining Terrace ………….. Sq.Mt. on ………….. Floor in ……… Wing in the Building namely “ADIYOGI AURA” (herein after referred to as the said “Flat/Shop”) which are to be constructed on Survey No. 138/1/7 Admeasuring Area 0H-22R-25P 22 Situated at Village CHIKHLOLI, Tal –Ambernath, Dist-Thane and within the limits of Ambernath Municipal Council. IN WITNESS WHEREOF parties hereinabove named have set their respective signatures to this Agreement in the presence of attesting witness, signing as such on the day first above written. SIGNED SEALED AND DELIVERED BY THE WITHINNAMED BUILDER/ DEVELOPER M/S. ADIYOGI INFRA through its Partner/s NAME SIGN AND THUMB PHOTO MR. ………………….. 23 SIGNED SEALED AND DELIVERED BY THE WITHINNAMED PURCHASERS NAME SIGN AND THUMB PHOTO In the presence of Witness NAME AND ADD SIGN AND THUMB PHOTO 24 RECEIPT ACKNOWLEDGE TO HAVE RECEIVED A sum of Rs. -------------/- (Rupees ----------------------- only) (Superseding and canceling earlier payments ) & Receipts) as Earnest Amount of First Installment ) Rs--------------- /- From the PURCHASERS as per details given below. ) Bank Name Cheque No. Date Amount TOTAL WE SAY RECEIVED M/S. ADIYOGI INFRA through its Partners MR. ……………………………… 25