POSSESSION NOTE
THIS POSSESSION-NOTE is made and executed at Pune this __
day of	   200_
BETWEEN
M/s Anand Associates, a partnership firm registered under the Indian Partnership Act 1932, having its office at 900 Deccan Gymkhana, Pune 411004, acting through its partner, Shri SVB, age 43 years, occupation - business, resident of 900 Deccan Gymkhana, Pune 411004, hereinafter called the PARTY NUMBER ONE, (which express shall, unless repugnant to the context, mean and include the said firm, its present and future partners, their heirs, executors, administrators and assigns) of the One Part
AND
Shri YSR, age 25 years, occupation - service, resident of 450 Ganesh Peth, Pune 411 002, hereinafter called the PARTY NUMBER TWO, (which express shall, unless repugnant to the context, mean and include his heirs, executors, administrators and assigns) of the Other Part.
WHEREAS the property bearing CTS No. 760, of Deccan Gymkhana, Pune 411 004, had been owned by the present party No. 2;
AND WHEREAS the present party No. 2, by an agreement, dated
	, entered into to sell the said property unto the party No. 1;
AND WHEREAS towards the purchase-price of the said property, by way of part payment, the party No. 1 had agreed to allot unto the party No. 2 two flats on the ground floor of the proposed building as specified in the said agreement;
AND WHEREAS the party No. 1, thereafter, had initiated and carried out the work of construction, and now the construction is duly completed;
AND WHEREAS the party No. 1 has already paid unto the party No. 2 the cash amounts that were payable in terms of the said agreement, and now, since the flats are ready for delivery;
NOW, THIS DEED WITNESSES as follows :
1. That the party No.   1  has today delivered vacant and physical possession unto the party No. 2 of the two flats on the ground floor consisting of the entire ground floor, and the party No. 2 has taken and accepted without any complaint the possession of the said ground floor.
2. That the party No. 2 hereby declares, confirms and acknowledges that the delivery of this area on the ground floor is towards the full satisfaction of the liability of the party No. 1 to deliver the constructed area to the party No. 2 in terms of the said agreement, and now the party No. 2 does not have any grievance or complaint about the quality or area of the construction.
3. That though in the original agreement, the area of each flat was stated to be 850 sqft, as per the sanctioned drawings, the possible area has been obtained, and the total of it that has been allotted to the party No. 2, and though it may be less than the agreed area, the party No. 2 has accepted that in full satisfaction of the original agreement in view of the fact that the party No. 1 has carried out for the party No. 2 extra work using special specifications of sanitary blocks, tiling of the hall and concealing wiring, cupboards, etc.
IN WITNESS WHEREOF the parties hereto have signed hereunder at Pune the date first abovementioned.
Sd/- SVB PARTY NUMBER ONE
Sd/- SYR
PARTY NUMBER TWO Witnesses :
Sd/- xXx
Sd/-xXx