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                                                                         I




                                                                      CHALLAN
                                                                 MTR Form Number-6

  GRN       MH013575129202122EBARCoDE
                                    ll 1ilililililililt ilililililm]lillil ililll                 Date 2310212022-18:57
                                                                                                                   :24 Form lD
  Department     InspectorGeneralOf Registration
                                                                                                            Payer Details
                     Registration
                                Fee
                                                                               TAX lD / TAN(lf Any)
 Type of Paymenl OrdinaryCollectionsIGR
                                                                               PANNo.(lfApplicabte)

 Office Name KRL4_JTSUB REGTSTRAR
                                KURLANO 4                                      Full Name              MS K AJMERADEVELOPERS

 Location        MUMBAI

 Year            2021-2022OneTime                                              FlaUBlockNo.           NAVYOGAPARTMENTSCHSL

                  Account Head Details                      Amount In Rs. Premises/Building

 0030063301
          Amountof
                Tax                                                                                   CTS NO 551/51VILLAGENAHUR
                                                                   30000.00Road/Street

                                                                               Area/Locality          TALUKAKURLAMUMBAI


                                    ffi                                      Town/City/District


                              6';ffi*ry                                      PIN                                        4       0   0    0    I     n

                                                                             Remarks(lf

                                                           *l6
                           3(. \ \ .                         )^
                                                                                                      /YOG AP

                                                           j://                                       eqo
                           K\ o){*
                                                                                                  ?
                                    \\_=;=jF
                                                           Y
                                                                             Amount In      ThirtyThousandRupeesOnly

Total                                                             30,000.00
                                                                          Words

PaymentDetails                 lDBtBANK                                                           FOR USE IN RECEIVING
                                                                                                                     BANK

                           Cheque.DDDetails                                  BankCIN       Ref. No.   69103332022022319490
                                                                                                                        2731298924

Cheque/DDNo.                                                                 BankDate RBIDate         2310212022-18:59:47Not Verifiedwith RBI

Nameof Bank                                                                  Bank-Branch              IDBIBANK

Nameof Branch                                                                Scroll.No.
                                                                                     , Date           Not Verifiedwith Scroll

Department   lD :
No'rti- Tiiii-challanis validfor docum.ent
                                        to be^regjstered
                                                      in sub Reg.istrar                                                                        9100000000
                                                                     officeon^ty.
                                                                                Notvatidfor unregister#?T'3"Trk,.
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                                                                    Page 1/1                                       Print Date 23-02-202206:59:59
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                                              ADJ/1100901/546|2021
                                        3010912021
                                                 nfr       DevelopmentAgreement Er {Sd
                                        wct csarfia ilqf{'rd srdta rqrfr
      Particulars                        Description
      Dateof execution                   Unexecuted
      Typeof Document                    DevelopmentAgreement
      The Society                        NavyogApartments
                                                        CHSLtd                   ;;tq)-ffi u
      The Developer                      M/s K AlmeraDevelopers
                                                                                 r{s   \a\-r



                                                                                               lc) ,r1
      Detailof the Property
      Village
                                                                      c.e9o        | 2,
                                         Nahur                        7-./         12
      Taluka                             Kurla
      PlotArea
                                                                      Eo?.
                                         1582.75Sq.Mtrs.
      C.T.SNo                            CTSNo 551/51Village- Nahur
      Zone 2020-21                       t2Z/56I Nahur
                                                                                  zR
      ndreper sq.mlr
                                                                              /f{gW'(EvtSi.
      LandRate
      Const.Cost                         Rs.30,250/-                                              \
      FlatRate                           Rs.126500/-                     dt
                                                                                                  *)t
                                                                        hr




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                                                                               Areain sq.mt

                                                                                                            L582.75
 Net Plot Area
                                      12)-
                                30TABLE
                        2034,RULE                                                                              2.40
 PermissibleFSI(ASPERDCPR
                                                                                                            3798.60
  PermissibleBuiltuParea
                                                                                                            1329.51
         Fsl(3s%)
  Fungible
                                                                                                            5128.11
            BuiltuParea-
  Permissible
                                                                                  V a l u ei n
                                           B u i l t u ap r e a( S q . m t )       Rupees
                            1.582.75       1582.75 X                 62340                                9,86,68,635
  Basic1 FSt
                                            791..38 X                62340 X               0.65   {       3,20,67,306
  PremiumPaidAddl.FSl791.38
                            L424.45        t424.45 X            62340 X                    0.50           4,44,0O,t07
  TDR
                            1329.50        1 3 2 9 , 5 0X       62340                             {       8,28,81,108
  Fung.FSl
  Total                     5128.08
                                                                                                      25,8O,L7,\56
                          FSlpremium
                            1575.50 x           3s%            551-.43                                    2,42,52,637 B
                             62340 x            50%
                                                                                                      23,37,64,5L9
                                                                                                              27
                                                                                                             2122.99
                               r
                          - 2122.99
                  area                                                                                    13,69,88,

   < 23,37,64,5!9 / 5128.08 X 300s.12                                                                 !
                                                                    say Rs.13,59,89,000/-
                                              CONSIDERATION
                                   -                                                                  <6,74,3r,470
   Const.costof arearetainedby Owmer
          2122.99 X       302s0 x               1.05
                                                                                                      < 2,52,20,933 B
   Rent
             t4727    X         55     X          t2          9323820
             14127    x       60.5     X          T2         L0256202
             74t21    x      66.55     X                      5640911
                                                                                                           { L5,53,970c
       Brokerage
                                55     X            2        75,53,970
                                                                                                            < 4,59,000 D
                                27                              459000
                                                              pus
                                                                                                                               T1,90,80,000
                                                                                                                                        E
                     19080000 x                                 1,                              19080000
                 Parking
                                                                                                                                <29,07,579F
                            27 X      13.75 X 30250 X                                              0.25
                Development ChargesunderMR&TpAct
                                                                                                                                <26,46,944 G
                       2122.99X62340x2%
                SocOffls.cabin/gym
                                                                                                                                <39,64,740H
                        127.76 X     30250
                Infrastructure
                             charges
                                                                                                                               < 1,06,1.4,950
                                                                                                                                            |
                       2122.99 X      s000
                       Deposit
                                                                                                                            Rs.9,90,655
                4661910x8.5%x2.5
                     LegalFees
                                                                                                                            Rs.2,00,000

                TOTALVALUE
                         (ATOt)
                                                                                                                            < 13,49,70,91.7/-
                                                                                                      SayRs.13,48,lt,OOOl-

               Security
                      flat Value                                                       Rs.I,6L,4O,940/-
                    + 595.28
               593.41         x 1.1/10J6 x 126500
                                                x L.05                                 SayRs.1.,6L,41,000/-


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               Rs.!3,48,7!,0                                                                              I
                                                                                                Rs.13,69,89,0001-
                                                                                                              |
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               Rs13,69,99,0O0/_                                               s(c-a)                  Rs.68,49,450/-
               ecurity flat Value Rs.L,6L,4L,OO0
                                              |_                              54                              Rs.80,705/-


      -                                                                                              Rs.69,30,155/-

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                              i.':j.:.-r ')i'
                                    lt:,'.j'i'--i'q
                                            +   ,a/
stt                           M/s K             velopers
I|-ITI
                                                           Building
                              RbomNo 82 3'ofloor Shreenathji
                              l34lI50 Kika streetGulalwadiMumbai
                              400004
git
                              R-dgqq i+disfsUmt+tqt-dqF.q,/R/?/x/q
Signature




                     '+'\ (
            r4..x             t\
                                                                   CHALLAN
                                                               MTR Form Number-6

            MH012871768202122E BARcoDEll llllI llllllllllttltttil]ililil]ililIilt        ]l    Date O9lO2l2O22-14:52:00

  Department InspectorGeneralOf Regishation

                      Non-JudicialStamps
                                                                             TAX lD / TAN (lf Any)
 Type of Paymenl     Duty on Doc Voluntarily brought for adjudicatn SoS



 Office Name CSK_COLLECTOR
                         OF STAMpSKURLA                                                              MS K AJMERADEVELOPERS

 Location         MUMBAI

 Year             2021-2022OneTime
                                                                                                     NAVYOGAPARTMENTS
                                                                                                                    CHSL



                                                                                                     CTS NO 551/51VILLAGENAHUR


                                                                                                     TALUKAKURLAMUMBAI




                                                                                              NineLakhThirtyThousandOne HundredFifty




                                                                                               FOR USE IN RECEIVINGBANK




            ID:
                                              bgrggjstered
                                                         in subRes.istrar                                                         s821118041
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                   ffimru ffi#"'u


Sr. No.                                            DefacementNo.              DefacementDate              Userld       DefacementAmount
                   L9UdUUil.   tlt(Jta
  1                                              00063/.8657202122           1410212022-18:15:56
                                                                                               t GR241                            6930155.00
                                                                          Total DefacementAmount                                 69,30,155.00




                                                                  Page 1/1                                     Print Date 14-02-202206:16:01
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                                                                          u\         /t{
                                      DEVELOPMENT AGREEMENT               (r.r)-* ,) n/
                                                                          into at Mumbai




NAI|IOG APARTMENTS CO-OPERATM                                HOUSING SOCIEIY LTD, a Co-
operative Housing Society Registered under the Maharashtra Co-operative
SocietiesAct 1960, under registrationNo. BOM/HSG 12875 dated O2.O4.I97I,
and having                                   ce at Plot No.14, Vishwakarma Marg, now known as
                                                               X-



                                                                p(-'/<-
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                                                                          A[ [1.'t                           g-?.
                                                                                                          tr g'l
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             2/
     Nahur Road, Mulund (West), Mumbai 400 080,              hereinafter referred to as the
     "SOCIEf,Y"          (which expression shall unless it be repugnemt to the context or
     meaning thereof include its members time being of the said society and their
     respective heirs, executors, administrators and assigns) of the ONE PART;


                                                AND


     M/s K. Ajmera Developers a firm registered under the provisions of Indian
     Partnership Act, L932 having its registered offrce Address at Room No. 82, Jra
     Floor, Shreenathji Building, 1341150, Kika Street, Gulalwadi, Mumbai 400 004
     hereinafter referred to as "'THE DEVELOPER" (which exprr-lssion shall unless it
     be repugnant to the context or meaning thereof shall be deemed to mean and
     include the partners         or partner for the time being of the said firm and the
     survivors or survivor of them and the heirs, executors and administrators                 of last
                                ir/his assigns)of the SDCONDPART:


                                                AND                                                    'm
u:
t                 : .*,l'            Member/s Name                     Flat No.
                                                                       ----.---_--_1]J
                                                                                         - Floorfl.d ^rll
                                                                                                t:t
                                                                                                u{t
                                                                                                         t

                        t/
     ;" *-'"cI                                                                                   F:i
     J.. 1.' '                            Madhukar Dhotre            AlL - Ground                ?.


                 il;l                                                                             %.\


                                                                                                         \.
         2.       Mrs. Sandra D'Souza                                Al2 - Ground


                  Mr. Bhaskar S. Thakur and Mrs. Suvarna
         3.                                                          A/4 - lst
                             Bhaskar Thakur

                  Mr. Sharad S. Kulkarni
         4.                                                          A/5 - lst



         5.       Mr. Mukesh Rambhia                                 A/6 - lst



         6.       Mrs. Nalini H. Thakkar                             Al7 - 2nd




                 9
                 e
                                                              *"*-.ffi
                                                              ffi               ,Ltf64P

    7.    Mr. Harilal V. Gala & Mr. Nirav H. Gala
                                                                                ra--#




    8.    Mr. Nirav H. Gala & Mr. Chika N. Gala                   Al9 - 2nd


          Mr. Sabastine S Aarons, Mrs. Rita M.
    9.
          Suvarna, Mrs. Diana J. Kunder and Mrs.                  A/ 10 - 3rd

          Joshna S. Joseph


    10.   Mr. Keval Pasad                                         A/ 11- 3rd



    11.   Mrs. Heena Bhanushali & Mr. H. H. Bhanushali


    12.   Mr. Gerald D'Souza & Mrs. Margaret G. D'souza

                                                                                                i
    13.   Mr. Raghunath Shrikrishna Jog
                                                                                                I


    14.   Mrs. Sharada M. Deshpande



          Mr. Manjula M. Chheda                                   B/4 - lst



          Mr. Manoj D. Murudkar                                   Bl5 - 2nd



          Mr. S Vaidyanathan                                      Bl6 - 2nd



    18.   Mrs. Meena U. Pillai & Mr. Ullas B. Pillai              B17 - 3rd



    19.   Mr. Praful K. Joshi                                     B/8 - 3rd


          Mrs. Pranita Pravin Redkar & Mr. Pravin Hari
    20.                                                           C/ 1- Ground
                  Redkar


    21.   Mrs. Nanthini Arun                                      Cl2 - Ground



    22.   Mr. Arvind N. Rane                                      C/3 - lst               M,
                                                                                          /\T1
I
             Nr
                                                       2)ri\'<-
                                                                                          l,/
    ?a              Mr. K. Narayanan                                     C/4 - lst


                    Dr.   Jayanthi   Shreekrishna   Kulkarni   &   Mr'
           24.                                                           Cl5 - 2nd
                           Karthik Narendra


            25.     Mr. Osborn Joseph Monteiro                           Cl6 - 2nd


                    Mrs. Jyoti Bipin Palan and Mr. Bipin Jivraj
            26.                                                          C17 - 3rd
                            Palan


            27.     Mr. Pradeep P. Shah                                  C/8 - 3rd




                                     'THE MEMBERfi'        (which expression shall unless it be
         Hereinafter referred.'to as
         repugnaflt to the iontext    or meaning thereof be deemed to mean and include their
         respective heirs, executors, administrators and assigns) of the THIRD PART;


         THE SOCIETY AI{D THE DEVELOPER ARE HEREINAF"TER, WHEREVER THE
         CoNTE'KT MAY SO REQUIRE, RESPECTMLY   REFERRED TO AS ..PARTY"
                                                       (PARTIES'
                                ,Y REFERRED TO AS




                                     Indenture of Conveyance dated 2l"t July, L972
                                     between Minerva Dealers Private Limited (therein
                             endorJ of the One Part, (1) Gangadhar Shridhar Sukhtankar, (2)
                  Ashok Balwant Aras, (3) Kafyan Janardan Dabholkar, (4) Kishori Ratankar
                  Walawalkar, (5) Lila Shiram Mahajan & (6) Pramod Waman Sukhtankar
                  the then carrying on Partnership business in the name & style of Messrs.
                  Venus Housing Enterprises (therein referred to as the First Confirming
                  PartiesJ of the Second Part; Digamber Bhimrao Kulkarrri, the then Chief
                  Promoter of Navyog Apartments Co-operative Housing Society (therein
                                 'the Second Confirming PartyJ of the Third Part And Navyog
                  referred to as
                  Apartments     Co-operative Housing Society Ltd. i.e. the Society herein
                                          'the PurchaserJ of the Fourth Part; whereby the said
                  (therein referred to as
                  Vendor with the consent and confirmation of the said Confirming Parties

v                 sold, conveyed and transferred unto the Society herein, all that piece and
                  parcel of land or grou                rvey No. 109, Hissa No. 3 (Part) '
    7.    Mr. Harilal V. Gala & Mr. Nirav H. Gala
                                                                 | 1 - --=s*-"-


    8.    Mr. Nirav H. Gala & Mr. Chika N. Gala                   Al9 - 2nd


          Mr. Sabastine S Aarons, Mrs. Rita M.
    9.
          Suvarna, Mrs. Diana J. Kunder and Mrs.                 A/ 10 - 3rd

          Joshna S. Joseph


    10.   Mr. Keval Pasad                                        A/ 11- 3rd



    11.   Mrs. Heena Bhanushali & Mr. H. H. Bhanushali
                                                                                      qi'



    t2.   Mr. Gerald D'Souza& Mrs. Margaret G. D'souza


    13.   Mr. Raghunath Shrikrishna Jog



    t4.   Mrs. Sharada M. Deshpande



          Mr. Manjula M. Chheda                                  B/4 - lst



          Mr. Manoj D. Murudkar                                  Bl5 - 2nd



          Mr. S Vaidyanathan                                     Bl6 - 2nd



    18.   Mrs. Meena U. Pillai & Mr. Ullas B. Pillai             B17 - 3rd



    19.   Mr. Praful K. Joshi                                    B/8 - 3rd


          Mrs. Pranita Pravin Redkar & Mr. Pravin Hari
    20.                                                          C/ 1- Ground
                Redkar


    21.   Mrs. Nanthini Arun                                     Cl2 - Ground



    22.   Mr. Arvind N. Rane                                     C/3 - lst        \
             q\-                      |
I
                                                       Z;\F\'L
                 Mr. K. Naravanan                                    C/4 - 1st


                 Dr. Jayanthi    Shreekrishna   Kulkarni   &   Mr.
                                                                     Cl5 - 2nd
                        Karthik Narendra


                 Mr. Osborn Joseph Monteiro                          Cl6 - 2nd


                 Mrs. Jyoti Bipin Palan and Mr. Bipin Jivraj
                                                                     C17 - 3rd
                        Palan


                 Mr. Pradeep P. Shah




     Hereinafter referred'to    as 'THE MEMBERS' (which expression shall unless it be
     repugnaflt to the iontext    or meaning thereof be deemed to mean and include their
     respective heirs, executors, administrators and assigns) of the THIRD PART;


     THE SOCIETY AI{D THE DEVELOPER ARE HEREINAF"TER, WHEREVER THE
     CoNTEXT       MAY SO REQIIRE,         RESPECTMLY      REFERRED      TO AS "PARTY"




                          endorJ of the One Part, (1) Gangadhar Shridhar Sukhtankar' (2)
               Ashok Balwant Aras, (3) Kalyan Janardan Dabholkar, (4) Kishori Ratankar
               Walawalkar, (5) Lila Shiram Mahajan & (6) Pramod Waman Sukhtankar
               the then carrying on Partnership business in the name & style of Messrs.
               Venus Housing Enterprises (therein referred to as the First Confirming
               Parties') of the Second Part; Digamber Bhimrao Kulkarrri, the then Chief
               Promoter of Navyog Apartments Co-operative Housing Society (therein
                              'the Second Confirming PartyJ of the Third Part And Navyog
               referred to as
               Apartments     Co-operative Housing Society Ltd. i.e. the Society herein
                                       'the PurchaserJ of the Fourth Part; whereby the said
               (therein referred to as
               Vendor with the consent and confirmation of the said Confirming Parties

\        A I   sold, conveyed and transferred unto the Society herein, all that piece and
    \v         parcel of land or grouryd,affiffiQ*urvey  No. 109, Hissa No. 3 (part) ,
                                                                             e4
     7.     Mr. Harilal V. Gala & Mr. Nirav H. Gala
                                                            ll-,;.-lr+.ng-




     8.     Mr. Nirav H. Gala & Mr. Chika N. Gala            Al9 - 2nd


            Mr. Sabastine S Aarons, Mrs. Rita M.
     9.
            Suvarna, Mrs. Diana J. Kunder and Mrs.           A/ 10 - 3rd

            Joshna S. Joseph


     10.    Mr. Keval Pasad                                  A/ 11- 3rd



     11.    Mrs. Heena Bhanushali & Mr. H. H. Bhanushali
                                                                                  St'



     t2.    Mr. Gerald D'Souza & Mrs. Margaret G. D'souza



     13.    Mr. Raghunath Shrikrishna Jog



     14.    Mrs. Sharada M. Deshpande



            Mr. Manjula M. Chheda                            Bl4 - lst



            Mr. Manoj D. Murudkar                            Bl5 - 2nd



            Mr. S Vaidyanathan                               Bl6 - 2nd



      18.   Mrs. Meena U. Pillai & Mr. Ullas B. Pillai       B17 - 3rd



      19.   Mr. Praful K. Joshr                              B/8 - 3rd


            Mrs. Pranita Pravin Redkar & Mr. Pravin Hari
     20.                                                     C/ 1- Ground
                     Redkar


     2r.    Mrs. Nanthini Arun                               Cl2 - Ground



     22.    Mr. Arvind N. Rane                               C/3 - lst
               q\-                      r
't

                                                n^ z;t\t'
            W            go             ,I
                           A'
            s/J,(                       )

                     7
     ry         0_
              Mr. K. Naravanan                                     C/4 - lst


              Dr.   Jayanthi   Shreekrishna   Kulkarni   &   Mr.
                                                                   Cl5 - 2nd
                     Karthik Narendra


              Mr. Osborn Joseph Monteiro



                                                                   C17 - 3rd



              Mr. Pradeep P. Shah




   Hereinafter referred'to as 'THE MEMBERS' (which expression shall unless it be
   repugnaflt to the iontext or meaning ttrereof be deemed to mean and include their
   respectiveheirs, executors, administrators and assigns)of the THIRD PART;


   THE SOCIETY AttD THE DEVELOPER ARE HEREINAF"TER, IVHEREVER THE
   CoNTEKT MAY SO REQIIIRE, RESPECTMLY REFERRED TO AS 'pARTY"
                         ,Y REFERRED TO AS "PARTIES"




                       endor') of the One Part, (1) Gangadhar Shridhar Sukhtankar, (21
            Ashok Balwant Aras, (3) Kalyan Janardan Dabholkar, (4) Kishori Ratankar
            Walawalkar, (5) Lila Shiram Mahajan & (6) Pramod Waman Sukhtankar
            the then carrying on Partnership business in the nzrme & style of Messrs.
            Venus Housing Enterprises (therein referred to as the First Confirming
            Parties') of the Second Part; Digamber Bhimrao Kulkarrri, the then Chief
            Promoter of Navyog Apartments Co-operative Housing Society (therein
                           'the Second Confirming PartyJ of the Third Part And Navyog
            referred to as
            Apartments   Co-operative Housing Society Ltd. i.e. the Society herein
            (therein referred to as the PurchaserJ of the Fourth Part; whereby the said
            Vendor with the consent and confirmation of the said Confirming Parties

) 'Nt A r   sold, conveyed and transferred unto the Society herein, all that piece and
                                                      No. 109, Hissa No. 3 (part) ,
            parcel of land or grouqd$ffiffiiffi*S*urvey
          Survey No. 134, Hissa Nos. 1 to 7(part), Survey
          (part) and Survey No. 144, Hissa No.2 (part) now designated as Plot No. 14
          (as per the sub-division and layout of the property sanctioned/                 approved
          by the then Bombay Municipal corporation as per letter No. cE/ 78l BST/
          L.O.T. dated 2"d April, L97Ol, now bearing C.T.S. No.551/51 admeasuring
           1679.0 sq. mtrs. or thereabout situate, lyrng and being in Revenue village
          Nahur,   at Vishwakarma         M*9,   Mulund       (West), Mumbai              400 080
          (hereinafter referred to as 1fie said plot of landJ at the price and on the
          terms,   conditions      as recorded therein.       The    aforesaid Indenture          of
          conveyance was lodged for registration under serial No. BoM/R/4045                      of
          L972 on 28u' July L972 with the Sub-Registrar of Assu
          and duly registered.                                                *:'hG4#b
                                                                              ,'r'^&3    -J4a^
                                                                                                   '1\
                                                                                                         r.

     (b) In pursuance thereof, the Society herein i.e.,
          operative Housing Society Ltd. constructed a
          Narryog Apartments  having three Wings viz. 'A'Wing (
          plus three upper floors, with 11 residential flats), 'B'Wi
          ground   plus   three      upper   floors,   with   8     residential     flats)   &    'C'

          Wing(consisting of ground plus three upper floors, with 8 residential flats)
          on the said plot of land, in accordance with the necessary approvals/
I         sanctions granted by Municipal Corporation of Greater Mumbai (MCGM)
    *$r *tO other concernedAuthorities with its orvn resourcesherein for the sake
    -!$


          of brevity referred to as " the said Building" and allotted in atl 27
          residential flats in the said building to the concerned 27 members of the
          Socle1ry,
                 for their respectiveoccupationand possessionthereof;


    (c) In view of the above, the Society herein has been and is absolutely seized
          and possessed of or otherwise well and sufficiently entitled to the said plot
          of land together with Existing Building known as 'Narryog Apartments'
          standing thereon


    (d) The Existing Building known as 'Narryog Apartments' standing on the
          said Property has been assessedunder Municipal Assessment No. T-
          3575(129)245lEE T' Ward of MCGM.


    (e) On account of sales and transfers of flats and transmission of shares from
          time to time, the present 27 membersof the Society(hereinafterreferredto
          as the Eristing Members' collectively and Existing Member' individually)
          are entitled to the 27 Resi
                       --1,'rtsf'-
            *.@              F'I                                                                              5-
                                 L,Q                          A D J l 1 1 A A 9 | 1: tV Q : I I
                                                              Pages


                             \$/
                                     uq
                                     particulars of the Existing Members of the Society such
?ot            as their n€unes, Flat No., floor, Building, carpet area (inclusive of balconies)
               of the flats held by them in the Existing Building standing on the said
               Property as per the approved plans of the Existing Building, the respective
               Share Certificate and Distinctive shares held by them are listed and
               annexed hereto and marked as Annernrre A'. The Existing Building
               'NAVYOG APARTMENT' standing on the said Property shall hereinafter be

               called "the histing     Building".


       (f) The Existing Building of the Society is more than 40 years old and hence
               the Society members have decided to Redevelop the said society property
               and invited offers from various builders for Redevelopment of the said
               society property and the Society had appointed M/s.           Rite Developers

               Private Limited (hereinafter referred as "the Earlier Developer") as their
               rDeveloper and Development Agreement dated 25.IL2OI3             ("Development
               ,Agreement"), executed between the Society herein and the earlier Developer

               herein, the earlier Developer acquired the development rights in respect of
               property being all that piece or parcel of land or ground bearing Survey No.
               109, Hissa No.3 (Part), Survey No. 134, Hissa Nos. I to 7(Part), Survey No.
                              No.1l(Part)     and . Survey No.144, Hissa      No.2(Part)

                              Plot No.14 (as per the sub-division and layout of the
                                 approved     by    the   then   Bombay   Mumbai    M

                                per Letter No. CE/78/BST/L.O.T. dated O2.O4.I
                                      551/51, admeasuring 1679 sq' mtrs. or therea           ri t'
  ; i.-.:\.i                         ting building known as "Navyog Apartments Co-operative
                               ty Ltd." standing thereon situated, lyrng and being in the
                       e Village: Nahur, Taluka :Mulund, Mumbai suburban District at
        duly registered in the oflice of the Joint Sub-                 8,2,
        inter-alia various powers and authorities to the earlier Developer in respect
        of the Said Property.


    (h) Subsequent     to the aforesaid Development       Agreement   various    events
        occurred and various correspondences were also exchanged between the
        parties wherein the earlier Developer vide its letter dated 14th June 2016
        reduced the originally   offered area from additional   47%o carpet area to
        additional 27o/ocarpet area. The said revised offer being the deviation from
        the Said Development agreement was not acceptable to the Society.


    (i) In pursuance    of the above sbenario and events and
        development of the Said Property being substantially
        the earlier   Developer, the Society vide its
        03l1012016; terminated the appointment of earlier
        published the same vide Public Notice dated 28l)9l
        India, Maharashtra Times and Janmabhumi.


    0) Being aggrieved by the Termination Notice, the dispute and issues arose
        between the earlier Developer and the Society which led to the filing of the
    \
    n\ Rrbitration Petition in the High Court of Mumbai by the Earlier Develgpe1.
I
I

        The said dispute and issues were ultimately        settled between the said
        parties by virtue of the Consent term dated 22"a October 2OI9 ("Consent
        Terms") frled in the High Court of Mumbai. As per the said Consent Terms
        dated 22"a October 2019 it was agreed that the parties shall execute a
        Supplemental Development Agreement within         60 days from the date of
        execution of the said Consent Terms and shall register the same with the
        concerned office of the Sub-registrar of assurance.




    (1) The Society complied with the Consent Terms by approving the draft Plan
        glven by the Earlier Developer and also by allotting proposed units to the
        existing members and the same was conveyed to the Developer and
        acknowledged by the Developer on _281LO12019. Post this the Developer
        approached    society stating   that   the City Surwey Department       carried
        physical survey of the plot of the said property area and there was a             Sv
        difference of plot area between the CTS boundary and physical boundary.
        Physical plot area is working out to approximately admeasuring          1582.75   &^'6r


                                                                                          @^
                                                                                     h@/
                                                                                      I




       . Mtr against crs /PRC area of 1679 sq. Mt. and MR pran was issued
    vide letter dated 1943 dated 31.03.2020.Hereto annexing MR plan with
    demarcation as Annexure       "Ct', due to which the said society properry
    described i.e. all that piece or parcel of land or ground bearing survey No.
    109, Hissa No.3 (Part), Survey No. 134, Hissa Nos. 1 to 7(part), survey No.
    r44,   Hissa No.1l(Part) and       survey   No.144, Hissa No.2(part) now
    designated as Plot No.14 (as per the sub-division and layout of the
    property sanctioned / approved by ttie then Bombay Mumbai Municipal
    corporation as per Letter No. CE/78/BST/L.o.T.        dated 02.04.1970) now
    bearing crs    No. 551/5r,    1582.75 sq.mtrs.    as per physical survey and
    area under Development or thereabout        together with existing building
    known as "Navyog Apartments " standing thereon situate, lyrng and being
    in the Revenue village: Nahur, Taluka         :Mulund,    Mumbai    suburban
    District at Vishwakarma Marg now known as Nahur Road, Mulund (west),
    Mumbai 400 080, in the Registration District and Sub-District Mumbai
    City and Mumbai Suburban       (hereinafter for the sake of brevity referred to
    as "the said    Prop€rty"),   more particularly   described in the schedule
    hereunder written   The said Land is shown demarcated in Red colour
    boundary line on the City Survey Out plan annexed hereto (annexed hereto
    is a copy of the Lay Out plan and marked as ANNEXIIRE            ,,C'r);   The




              y revised Layout was approved by the Society on 16tt' March
              allotment to the existing members was made on 16tr'March 2020
    thus once again complying with the Consent Terms. However, during the
    meetings with the Earlier Developer various constraints of planning was
    brought to the notice of society and to overcome the same further meetings
    were held and once again fresh Plan was submitted           wherein area of
    Ground Floor shop was increasedto 22Q9sq. ft. and accordinglyrevised
    layout and allotment of Proposedunits was approved by SBGM on 10th
    November2O2Oand conveyedto Earlier Developeron 25tt' November2O2O
    Further Earlier Developergot Concessionapprovai from MCGM on 22"d
    April 2)2l.However, further approvalswere to be obtained within 245 days
    from the date of consent terms / approval of plans. The Earlier Developer
    defaulted in Timelines given in the consent Terms which are (1) Not given
    Proof of Financial Closure within    155 davs from the date of consent i.e




       {.. ^o {o (,,uffig\$$P ln                                4
                                                                        s\
@
            22/LO/2OL9 l2l Procuring TDR/FSI Loaded for full po
            and getting IOD and approval of entire building                               plan together with
            payment for FSI of 3.24 within 245 days from 22llol2o19                                   (3) Vacating
            Building 265 days from 22lIOl2O79.             (4) to execute a Supplemental
            Development Agreement, within 60 days from the date of execution of the
            present Consent Terms to give effect to these Consent Terms, and further
            agree and undertake to register the same with the concerned Office of the
            Sub-Registrar of Assurances and the expenses towards registration and
            stamp duty same shall be exclusively borne and paid by the Claimants.
            Also, till the date of termination there was no progress in
            above Inspite of accommodating Earlier Developer on
            Developerfailed in all the commitments glven by them.
         (m)ln pursuance thereof there was delay on ttre part of
            execution of terms as agreed in Consent Term and Earlier
            to abide terms of the Consent term and as agreed in the
            Society in the SGBM dated 22"d March 2021 the resolution
            unanimously       to Terminate    the Development Agreement and Power of
            Attorney of the Earlier      Developer. The Society has power to Terminate The
            Earlier Developer, The Society had sent termination                          Notice to the earlier




         (n) Further societ5r and its members had agreed to conditionally                         appoint New
            Developer i.e., K. Ajmera Developers as Developer subject to the earlier
            Developer executing termination        Deed and further                      Subject to the New
            Developer accepting the Commercials. Pursuant to General Body Meeting
            held on L6.O6.2O21 and the resolutions dated 16.06.2021 passed therein,
            condifionally     agreed to appoint the Developers                          for further     obtaining
           balance approvals and completion of new building
           approvals,       and obtain   necessary occupation
                                                                                          constructed
                                                                                 certificate
                                                                                                          as per
                                                                                                 and to grve
                                                                                                                      @-
           possession to the existing members as per the terms of this Agreement.




     a




;r
                                                                                                                     ET

                                                            ADJi.!ist?fl1/
                                                            F
                                                            I
                                                              r s"- , rr3 " , r . * .
                                                                           \_- !J




                                                                                                                    ,"vT
                                                                                                 10



              Thereafter, in the meeting of the Special General Body of the Society held

1o*t"                     October 2O2l the Drafts of Development Agreement, Power of
              Attorney and other writings to be executed by the Society, in favour of the
              Developers were read over and discussed and the same were finalized fot
              due execution thereof, as such the General Body of the Society also,
              empowered and authorized the offrce bearers of the Society to execute the
               said documents/writings       etc. In favour of the Developers, for development
               of the said property as mentioned above;


            (p) The Special General Body of the Society also, empowered and authortzed
             . the office bearers     and the Managing Committee of the Society, to take
               appropriate decisions from time to time, in the interest of Society and
               members, relating to the aforesaid purposes in the common interest of all,
              rtill the completion of the said project in all respect; At the Special General
             , meeting of ,the members of the Society held on 02"d October 2021 it is
               resolved that   Mr. S. Vaidyanathan              (Secretary)Mr. Osborn Monteiro
               (Chairperson)&Mr. Raghunath Jog (Treasurer) of the Society have been
               authorized to sign & execute this Development Agreement and General
                      of Attorney and other necessary documents for and on behalf of the
                                ng to        redevelopment      of the said property     and take

                                       and     steps    including    Sub-Registrar's    office   for

                                pursuance thereof and to sign papers and documents
                                      necessarv action from time to time. A true copy
                                passed at the Special General Meeting of the mem
                                on     O2"a October annexed herewith as AIiINEXIIf,IE "


            NOW THEREFORE, in            consideration     of the foregoing and the mutual

               covenants and promises contained herein and other good and valuable
               consideration is hereby acknowledged, the Parties intending to be bound
               legally,   agree and    thus    the    parties   hereto    are now   executing    this

               Development Agreement recording in writing                the terms and conditions

               agreed by and between the parties hereto for the re-development of the
               said property and as appearing hereinafter;


                                                                   BY AI{D
          NOW THIS AGREEMENT WITNESSEfl.H AI{D IT IS HEREBY AGREED
               BEIWEEN THE PARTIES HERETO AS FOLLOWS:

va          1. All the Recitals hereinabove shall form an integral part of this Agreement
.-t            as if the sarneare set out verbatim in the body of the Agreement.
      N                                              e\
                                                tt-
 2 . Definitions of Terms-
 In this AGREEMENT, unless the context                        otherwise requires the following
           words and phrases shall have the following meaning: -

 "This      Agreementtt           shall    mean     this   Redevelopment                  Agreement   and all
      amendments made thereto.
 aAmenities' shall mean the amenities agreed between the parties to be
           provided by the Developers in the Members' New Flats in the New
           Building as listed in Annernrre *Gtt hereto.

 "Carpet      area" as per MahaRERA ACT, the net usable floor area of an
           apartment,        excluding the area covered by the external
           under     services shafts, exclusive balcony appurten
           Apartment        for exclusive use of the Allottee or
           exclusive open terrace area appurtenant to the
           exclusive use of the Allottee, but includes the
           internal partition walls of the apartment. Even the
           area shall be mentioned in the Individual Permanent
           Agreements of all the members of the Society and the
           M.C.G.M. shall also be annexed thereto.

 "DCPR       2034"          shall    mean     the     Development       Control              and   Promotion
           Regulations, for Greater Mumbai 2034 and any statutory amendment
           or modification or re-enactment thereof.
'{."FSI"
           shall mean Floor Space Index as defined and understood under the
           Maharashtra Regional and Town Planning Act, 1966 and the DCPR
           2034 Regulations or any statutory modification, re-enactment or
           amendment thereof.
 'MCGM" shall mean the Municipal Corporation of Greater Mumbai.

"MahaRERA"               Real Estate (Regulation & Development) Act, 2016 and any
           Rules, statutory modi{ication or amendment or re-enactment thereof
           andlor any law applicable for regulation of the Real Estate, Allotment,

                                           oftheFlats.
                                  andTransfer
                      Sale,Management
           Construction,
 "Parties" means, collectively, the Society, the Members and the Developers
        and"Party" means any one of them;
 3'Project" shall mean and include the Re-development of the said Property by

           the Developers in the manner provided in this Agreement.
                               (*ith      all its derivatives) shall mean and include the
                                                                                                                 @
 "Re-development"
           development and re-development of the said Property by demolition of



                                                                                                                    us
           the Existing Building/           Structures and construction of the New Building
           and     all    other     structu res thereon       and   also ttre exercise of re-

                                                                    )               (^N
                                                                              ,lA
                                                                        II    iU             i! c^b t zl

                                              6-
                                                                             t,..ti,i:t




                                             W                                                                  r{"'g-
                          I
                          I



                          .1
                          ' I




                                                                                                     L2


       ,        opment rights           by the Developers by utilisation of the maximum
           FSI (3.24J'on the said Property (whether by way of FSI covered by the
           Members' Existing Premises, any balance FSI of the said Plot andlor
           any incentive         FSI including        fungible   FSI available under           the Dc
           Regulations and FSI that is/ may be available for utilization on the said
           Plot by way of rDR as per the DCPR Regulations or any statutory
           modification,        re-enactment or amendment thereof or otherwise) in
           accordance with the terms and conditions of this Agreement.
"The Erristing Building/               Structures"    shall have the meaning ascribed to the
           term in Recital'A' above.

"The Free Sale/Developers Premises" mean all other flat/shop s other than
   .       the Members'New Flat/shop s in the New Building which belong to the
           Developers with full right to deal with and dispose of the same;

"The Members' Bristing Premises" shall have the meaning ascribed to the
     terms in Recital 'D'above;
(The
       Members'New              Flats" mean the flats in the New Building earmarked for
           and to be constructed for the Members as detailed in Annexure "H" to
           this Agreement;

"the   New Building"             shall mean the building                that the Developers shall
           construct on the said Plot by utilisation of the maximum FSI (3.24) on
                    id Property (whether by way of FSI covered by the Members'
                        Premises, any balance FSI of the said Plot and/or                           any
                         FSI     including      fungible     FSI        available   under     the
                        s, and FSI that is/ may be available for utilization on
                          way of TDR as per the DCPR Regulations or any statut
                          , re-enactment or amendment                     thereof or otherwise
                         with the terms and conditions of this Agreement
"The said Plot" shall have the meaning ascribed to the term in Recital 'a"
           above.
"The said Property" shall hav,q.the meaning ascribed to the term in Recital
           above.                        4it




3. Interpretation. In this Agreement,
       i.     references to any            or document including this Agreement
                                "gr""*"rrt
              shall include such agreement or document as amended, modified,
              varied, novated, supplemented or replaced from time to time in
              writing         signed     by    each     Party      or     their     duly    authorized
              representatives;




                                                                                      \^"4
                                                                    ;;o i*'l)
                                                                     -t-*'    -"-":^'*-*'*



    ii.    If by the terms of this Agreement, any act woul
           performed on or within a period ending on a day which is a public
           holiday that act shall be deemed to have been duly performed if it is
           performed   on the working     day immediately      succeeding the last
           holiday.
   111     the use of words in the singular or plural,        or with a particular
           gender shall not limit the scope or exclude the application of any
           provision   of this   Agreement to      such    person   or       persons or
           circumstances unless the context otherwise permits;
   lV      The descriptive headings of Clauses are inserted for convenience of
           reference and are not intended as complete or accurate
           of such Clauses and do not/ should not be
           explain or interpret the clauses;


4. APPOINTMENT AS DEVELOPERS:
  a. The     Society doth    hereby   appoint    the
        Developers for Redevelopment of the said property
        described in the Schedule hereunder written which ap
        Developers doth hereby accept on the terms and conditions agreed by
        and between the parties hereto.
  b. In pursuance of the said decision taken by the society in its General
     Body meeting held on various          dates from time to time                 and in
     consideration of the Developers agreeing to allow the members to
     resume possession of the constructed premises for allotment thereof to
     its members, as set out hereinafter, and in furtherance, of the
     obligations to be discharged by the Society and Developers as set out
     hereinafter, the society doth hereby grant to the Developers right and
     authority to develop the said property and other concerned authorities,
     a multi- storied building utilizing therein the plot FSI, the plot TDR/
     FSI and with the benefit of the Fungible Area as permissible by the
     Corporation under the Development Controls Regulations and Rule and
    as per the approval by Municipal Corporation of Greater Mumbai by
    demolishing the existing building standing on the said property, and
    sell and dispose-off the sirrplus          premises   (available for sale after
    providing to the society as set out herein) to the persons of their choice
    on ownership basis under the provisions of Maharashtra Ownership
    Flats Act, 1963 and receive and appropriate to themselves the entire
    sale proceeds of such surplus premises, and in due course get such,
    acquirer of premises also enrolled as members of the said society in

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                                                                                             l-+"8
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                                    provided   hereinafter,    subject   to   provisions   under   the
                                    law, besides under the provisions of Maharashtra               Co-

                         operative Sbciety Act, 1960.


              5. TO PROVIDE NEW FLAT:
                            a. The Developers shall provide each members of the society carpet
                               area in their respective possession free of cost inclusive of all
                               GST and/or any other taxes i.e. for residential 27 flat member
                                                                                        ttHtt in
                               new Carpet area as specified and agreed in Annexure
                               which new area      is specifred, thus each of the member getting
                               additional 47o/o carpet area over existing carpet areaand entirely
                               free of cost and on ownership basis, by way - of executing
                               pennanent alternate accommodation,in lieu of the surrendering
                               of the present flat in use and occupation of the members, the
                               Developer shall provide on ownership basis to the 27 members
                                of the society Residential    in the newly constructed building free
                                of costs. The names of the Members and the carpet area of the
                                flats to be provided to each of them in the said intended building
                                are contained in the List annexed hereto marked as ANNEI(URE
                                ,,H". The area has been accepted by the both the parties hereto

                                     there will not be any claim with respect to the area of the

                 ;
                 I
tr1
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          n          I
,-.\                              e New Developer has agreed to continue with the ex
          {
                                      t Plan and allotment made (in accordance with the
                                redevelopment of Co-Operative Housing Society Buildings
                                3'd January 2OO9 issued by Maharashtra Government
                                prevailing arrarlgements of present floors and where there
                                more than one member in the same floor lottery was taken) the
                                SGBM dated 10th November 2O2Oin order to save time and
                                expedite the RedeveloPment'


                             b. It is further specifically agreed that the Developers shall offer to
                                all the Members quiet, vacant and peaceful possession of the
                                pennanent    accommodation in the said new building            on the

      (9                        property of society as stated in the present agreement. Thus,
                                agreed that it will be sole responsibility and liability of the

          V                     Developer to hand over all the newly constructed flat/s to the


                                                                         '");
                                members of the Society in terms of this Development Agreement

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                                          {,*'                                 @/*lb
              & the Existing Member shall officially
              flats Within 30 days from the date of receipt of notice from the
              Developers, the Existing Member shall shift to their respective
              new flat/s    in the new building. The Developers shall not be
              obliged to pay further     rental   compensation            to any Existing
              Member who opts to take early possession or who has received
              such notice from the Developers but has not taken possession or
              shifted to his/her   respective new flat. For sake of clarity the
              Existing Members shall be deemed to have taken possession of
              the new flats on the thirtieth (30th) day of receipt of such notice,
              irrespective of whether they have taken physical
              the new flat/s    or not and shall be liable to
              taxes and other outgoing relating to their
              date of such deemed possession. It rs
              such possession by the developer shall
              obtaining     Occupation   Certificate      and      an
              approvals from the respective authorities            and
              such as LIFT, Electricity, Water etc are functioning
              the said newbuilding to be constructed on the said Property at
              the time of giving notice of possession. Such notice of possession
I
              shall be treated as void if any of the basic amenities are not in
              place at the time of gving notice of possession.


    CoMPENSATION          FOR INCOT{\IENIENCE /I{ARDSHIP                  TO BE pArD TO
    HKISTING MEMBERS.
    That the Developer shall pay to the society a hardship                      compensation
    amount of Rs. 1,90,80,000/-       (Rupees One Crore Ninety Lakhs Eighty
    Thousand Only) distributed     amongst the existing members proportionate
    to the Carpet Area of the occupied by them                   detail    in    the List of
    Inconvenience and Hardship Compensation annexed hereto (hereinafter
    referred to as the "INCONVENIENCE AND HARDSHIP COMPENSATION" (a
    copy of the List of Inconvenience and Hardship Compensation to be paid to
    each of the presently existing Members is annexed hereto and marked as
    ANNE:KIIRE "H"). The said Inconvenience and Hardship                    Compensation
    shall be paid to presently existing Members in the following manner:


    i. An amount of Rs. 16,38,000/- of the Total Hardship Compensation at
                                                             nt.




                                                       A . D J /t 1C i l S iCi q t { b i 2 C q 4 / K
                                                       Pag::i




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     eFffiiv-_:*
                                                      - of the Total hardship compensation
                              g t.o f R s. 3 9,31,2O01-
                                 id to existing members of the society before vacating ef the
                  building.
           111    An amount of 54,05 ,4oo l- of the total hardship compensation shall be
                  paid to existing members of the society on completion of 5o% of RCC
                  work which will be approximately        180 days from the date of getting
                  Further     cc.   In case, there is delay in payment of the Hardship
                  Compensation interest will be paid @L2o/oper annum for the delay
                  caused period.
           1V     An Amount of 54,05 ,4oo /-o.f the total hardship compensation shall be
                  paid to existing members of the society on completion of roo% of RCC
                  work which will be approximately 365 days from the date of getting
                  Further     cc.   In case, there is delay in payment of the Hardship
                  compensation interest will be paid @L2% per annum for the delay
                  caused period.
            v. An Amount of 27,oo,000/-of the total hardship compensation shall be
                  paid to existing members of the society at the time of handing over
                  possession of the flats to the member by the Developer


                     of an increase in area of the plot from1582.75 sq. Meter considered
                      y then 50% of such additional net benefit arising out of such
                         area shall be equally divided between the existing2T         members of
                            and new developers subject to such benefit is received prior
                        OC, thereafter all such additional benefit will go to the mem
                                 Apartments CHS Ltd. In such Cases parties shall execu
                            tary Agreement and pay proper Stamp Duty according to Rules
                 Regulations.
         7, RENT/      COMPENSATION          FOR TEMPORARY          TRANSIT      ALTERNATE
           ACCOMMODATION:
           (a) It has been agreed that Compensation for temporary Transit Alternate
                  Accommodation will be at Rs. 55/- per sq. ft. per month of existing
                  carpet area.
           (b) Rent will be increased by 10% every 12 months.
           (c) Rent will be paid by the Developer from the date of vacating till the
                  date of handing over possession to the members of the society.
N                 TWo -Month's rent will be paid as a brokerage at the time of vacating

     I            and further one month as brokerage on expiry of every 24 months.


qe   N     (d) Shifting charges of Rs. L7,OOO
                                            l- will be paid to each member of the
                  society at the time of vacating.                          ,\'I .-