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Development Agreement By The Landlords In Favour Of A Builder - Legal Draft

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Category : Agreements Sale

This Agreement made

at . this ....... day of ............, 2000, between (1) X, son of P,

resident of ..; (2) Y, son of Q, resident of .. (3) Z, son of R,

resident of .. (4) A, son of S, resident of .. (5) B, son of T,

resident of .., and (6) Smt. C, son of U, resident of .., hereinafter

called "the Vendors" (which expression shall unless repugnant to the

context or meaning thereof mean and include their respective heirs, executors,

administrators and assigns) of the FIRST PART; Smt. N wife of Shri M, resident

of .., hereinafter called "the Confirming Party" (which expression

shall unless repugnant to the context or meaning thereof mean and include her

heirs, executors, administrators and assigns) of the SECOND PART and ...

a partnership firm through its Partner, D, son of F, resident of

............., hereinafter called "the Developers" (which

expression shall unless repugnant to the context or meaning thereof mean and

include partner or partners for the time being of the said firm, survivors or

survivor of them and the heirs, executors, administrators of such survivor,

their, his or her assigns) of the THIRD PART.Whereas the Vendors

are absolutely seized and possessed and sufficiently entitled to all those

pieces or parcels of agricultural land, ground, hereditaments and premises one

of which is the property bearing No. ............, admeasuring about ........

sq. meters, situated at ................................ and more

particularly described in the Schedule hereunder written and delineated on the

plan hereto annexed and thereon shown surrounded by a red colour boundary line

(which property shall hereinafter for brevity's sake be referred to as 'the

property').And Whereas the said

property was owned and possessed by Shri X and after the death of said Shri X,

the said property was transferred to the name of his daughter Smt

............... and after the death of the said ................... who died on

....................... the said property is inherited by the Vendors herein as

the only legal heirs and representatives of the said Shri X.And Whereas the name

of Smt. N, who is the second daughter of the said ....................... was

entered into by Mutation Entry No. .............. only on

................. However, the Vendors continued in the absolute possession of

the said property being the heirs of said Smt. N, who had inherited the

property of her deceased father Shri X and claimed the same absolutely she

being under customary form of marriage and allowed to retain the property to

her father absolutely and as such the said Smt. N does not claim any right,

title and interest in the said property and agreed to confirm this agreement

without claiming any right, title and interest therein.And Whereas the

Vendors have represented to the Developers herein that they have filed the

return of their total land holding as per section 6(1) of the Urban Land

(Ceiling & Regulation) Act, 1976 with the Competent Authority under the

said Act, and have also submitted the scheme under section 21 of the said Act

to the said Competent Authority thereby requesting the Competent Authority to

permit the Developers to develop the property as per the Scheme.And Whereas the

Developers herein have approached the Vendors with an intention to develop the

said property from the Vendors and pursuant to the negotiations by and between

the parties hereto and subject to the necessary approval being granted by the

Competent Authority under the provisions of Urban Land (Ceiling &

Regulation) Act, 1976 which approval/sanction is agreed to be persuaded by the

Developers at their own costs and expenses and also subject to the plan of the

proposed development being sanctioned by the Municipal Corporation of ,

which responsibility is agreed to be shouldered by the Developers herein as a

result of which hereof the Vendors are desirous of appointing the Developers as

developers of the said property more particularly described in the Schedule

hereunder written for the consideration and upon the terms and conditions

hereinafter appearing:Now these presents

witnesseth and it is hereby agreed by and between the parties hereto as

follows:1.

The

Vendors do hereby nominate, constitute and appoint the Developers to

develop/purchase the said property at their own cost more particularly

described in the First Schedule hereunder written by constructing building/s

thereon as per the plans/specifications to be approved and/or sanctioned by the

Bombay Municipal Corporation and the Competent Authority under the Urban Land

(Ceiling & Regulation) Act, 1976.2.

In

consideration of the Vendors having appointed the Developers as the Developers

of the said property and the Vendors agreeing to allow the Developers to

appropriate to themselves the entire profits arising from the development

scheme as is hereinafter provided, the Developers agree to pay to the Vendors a

sum of Rs. ............. (Rupees ........................ only) lump sum in the

following manner:a. Rs. ..............

(Rupees ............................ ) being the part consideration and/or

earnest money paid by the Developers to the Vendors on or before the execution

of these presents (the payment and receipt whereof the Vendors doth hereby

admit, acknowledge, acquit, release and discharge the Developers forever). On

execution of these presents the Vendors shall hand over vacant and peaceful

possession of the said property to the Developers for the purpose of

development.b. Rs...............

(Rupees ................. only) being the further payment in the share of the

development payable by the Developers to the Vendors on or before

.................. ; which failure to pay this amount on stipulated date will

entitle Vendors to claim interest at ..... % p.a. from the date of default till

payment.c. Rs ..............

(Rupees ................................ only) to be paid on or before the

.......... day of ..................., 2000.d. Rs..............

(Rupees ............................ only) to be paid by the Developers to the

owner on or before the ......... of .............., 2000.e. Rs..............

(Rupees .................. only) on or before the .......... of

..............., 2000.f. Rs..............

(Rupees ....................... only) on or before the ......... ofg. ....................,

  1. h. Rs . ..............

(Rupees ...................... only) on or before the ........... of

..................., 2000.The above stated

payment shall entitle the Vendors an interest from the date of default till the

payment on the stipulated rate of ..... % p.a. as stated hereinabove, on the

balance of the purchase price in full and final settlement of the Vendor's claim

over the said land on completion of the sale and/or execution of the Conveyance

Deed and if more than one Conveyance Deed are to be executed on execution of

last conveyance and all other necessary writings in favour of the Developers,

his/their nominee/s including a proposed co-operative housing society or a Body

Corporate as is hereinafter provided. It is made clear that if the Developers

fail to take conveyances in his/their favour or in favour of the said proposed

co-operative housing society before the amount stated in this sub-clause is to

be deposited by the Developers with the Vendors till the conveyances and all

other necessary writings as stated hereinabove are completed and/or executed

and the property in question is transferred to the name of the said proposed

co-operative society, but if the Developers fail to deposit the said amount as

stipulated herein, they shall be liable for penal interest at the rate of .....

% from the date of default as stated above.Provided that if any

FAR in addition to the existing available FAR becomes available in respect of

the said property, the Developer shall pay an additional sum @ Rs.

............. per Sq. ft. to the Vendors on such additional FAR being

sanctioned by the Municipal Corporation. The said payment will be made in 2

instalments on or before .................. and ..................., 2000.1.2.3.

Within

seven days from the execution of these presents, the vendors shall deliver or

cause to be delivered all the title deeds, property card, certified copy of the

plans of City Survey, etc. in relation to the property hereby agreed to be

developed to Builder's Solicitors M/s. .....................................

& Co. for the purpose of investigation of Vendor's title to the said

property.4.

The

present price of Rs. .......... is based on the area shown in .. i.e.

............... sq. meters, which are to be ascertained by the parties hereto

on joint survey and if the area is varied i.e. increased or decreased, the

price will fluctuate - either increase or decrease at the rate of Rs .

............ per sq. meter.5.

As

per the present development plan, certain areas of the property hereby agreed

to be developed is reserved for PG The Developers are not bound to pay for the

said reservation, but in case they get the benefit of FAR and use the same for

the purpose of development, they shall pay the Vendors at the above stated

stipulated rate to the extent of benefit they have received from the said P.G.

reservation.6.

The

Vendors declare that they have already filed the return as required under

section 6 of the Urban Land (Ceiling & Regulation) Act, 1976. However, till

date, they have not pursued the matter with the Competent Authority. The

Vendors hereby authorise the Developers to obtain the N.O.C. under the Urban

Land (Ceiling & Regulation) Act to the extent of a maximum share available

and shall not object any share not being used for the purpose of development of

the property hereby agreed to be developed. The Vendors further assure to

extend maximum co-operation for obtaining N.O.C. and for giving declarations,

affidavits, etc.7.

Upon

the payment of the said sum specified in clause 2(b) above, the Vendors shall

hand over the vacant and peaceful possession of the said property to the

Developers and Developers shall thereafter be authorised to commence

construction of buildings on the said land in accordance with the plans

approved and/or sanctioned by the Municipal Corporation as well as under

the Urban Land (Ceiling & Regulation) Act, 1976 and take such steps as may

be necessary or expedient and incidental to carry out the development of the

said land at their own costs, expenses. For the said purpose, the Developers

shall be entitled to appoint Architects, Engineers, Surveyors, Contractors,

Agents and other personnel and shall be entitled to take all such steps as may

be necessary or incidental for such development and construction work at their

own costs and expenses.8.

It

is agreed and undertaken by the Developers that they shall at their own costs

and expenses persuade the matter regarding NOC with the Competent Authority

under the Urban land (Ceiling & Regulation) Act, 1976 and obtain NOC from

such authority. It is further agreed by the Developers that all the necessary

permission and/or sanction required from the Competent Authority and/or State

Government either for the purpose of development of the said property or for

the transfer of the said property including the proposed structure thereon

under the provisions of the Urban Land (Ceiling and Regulation) Act, 1976 shall

be obtained by the Developers at their own costs and expenses and the Vendors

shall not be liable for any such NOC, expenses relating thereto or delay in

obtaining the same.9.

Immediately

on the execution of these presents, the Vendors herein shall execute a Power of

Attorney in favour of the Developers or their Nominee(s) as may be desired by

the Developers for the purpose of signing and/or executing all the

applications, proceedings, plans, etc. to obtain necessary approval from the

various authorities in connection with the development to be submitted by the

Developers on behalf of the Vendors to the Competent Authority, Urban Land

Ceiling, Municipal Corporation of , Town Planning Authority or any other

Government or Semi-Government authority in connection with the development so

as to facilitate the development of the property hereby agreed to be developed

by the Developers on behalf of the Vendors. The Vendors hereby agree that the

said Power of Attorney shall not be, under any circumstances, revoked by the

Vendors as long as these presents subsist and remain binding upon the parties

hereto. If the said Power of Attorney is revoked by the Vendors and delay is

caused in developing the property hereby agreed to be developed the consequences

arising thereof shall be at the costs of the Vendors alone.10.

It

is agreed and undertaken by the Developers that they shall at their own costs

and expenses persuade the matter with Town Planning Authorities, Municipal

Corporation of ., Electric Supply for the purpose of removing the

reservation/restriction, if any and for the purpose of allotting the plots

under . Scheme, etc. and under no circumstances, the Developers shall call

upon the Vendors to pay the costs of such actions. The Developers agree and

undertake that at any post and under any circumstances they will get the

property released from reservation, if any, and get the said allotted under

. Scheme. in favour of the Vendors. It is agreed by the Developers that

whatever may be the final sanction under . Scheme they shall pay to the

vendors as per the original plot area.11.

The

Vendors shall render all assistance, co-operation and sign and execute or cause

to be signed and executed all applications, plans, authorities and other

writings as may be necessary or required to enable the Developers for

development of the said plot and to obtain approval of the .. Municipal

Corporation and Planning Authority to the Plans, designs and drawings for

putting up building and structures and shall on the execution thereon execute a

Power of Attorney in favour of the Developers or their Nominee/s to enable them

to develop the said property and the Developers shall indemnify and keep

indemnified and harmless the Vendors and their estate and effects from and

losses or damages or any consequences which may flow by virtue of their signing

the said Power of Attorney.12.

All

buildings to be constructed on the lands comprised under this Agreement and the

dwelling units thereon will be in accordance with the Scheme sanctioned by the

Competent Authority or State Government under the provisions of Urban Land

(Ceiling & Regulation) Act and will be dealt with in accordance with the

directions, if any, given by the Competent Authority or State Government while

sanctioning the said scheme. If the Developers desire any variations in the

said scheme, so as to provide dwelling units of larger sizes in the building to

be constructed on the said land and/or to receive higher price for such

dwelling units the Developers, shall be at liberty to make necessary

application for the purpose to the authorities concerned at their own costs and

the Vendors shall join the Developers in the said applications provided

however, if the authorities concerned refuse or decline to give ,any such

applications, which may be made by the Developers, dwelling units on the said

property will be constructed in accordance with the scheme which may be

sanctioned by the Competent Authority or State Government under the said Act.13.

The

Developers shall not commence any work of development on the said property,

unless the no objection and commencement certificate is issued by the State

Government/Municipal Corporation in favour of the vendors.14.

It

is expressly agreed by the Developers that they shall at their own costs and

expenses obtain permission/s from the Competent Authority for the purpose of

development of the said property and/or for the purpose of implementing the

construction scheme in respect of the entire property hereby agreed to be sold,

so as to enable the Developers to construct the dwelling units as per the

scheme sanctioned by the Competent Authority and to enable the Developers to

consume the entire available F.S.I. and after being constructed to allot

flats/shops/garages, etc. to the intending flat purchasers and ultimately to

transfer the said property to a co-operative housing society and/or a company.

It is also agreed and undertaken by the Developers that they shall apply for

and obtain non-agricultural user from the Collector, in respect of the said

piece or parcel of land.15.

The

Vendors shall make out a clear and marketable title to the said property,

hereditaments and premises agreed to be developed and ultimately to be conveyed

free from reasonable doubts and all encumbrances and shall at their own costs

and expenses get in all outstanding estates and clear all defects in the title

and all encumbrances and claims on or to the said property including all claims

by way of sale, exchange, mortgage, gifts, trust, hereditaments, possession,

except the possession of agricultural tenants, easement, lease, lien or

otherwise.16.

It

is agreed and understood that the Vendors shall not in any way obstruct the

development work to be carried out by the Developers and shall not do any act,

matter or thing whereby the Developers will be prevented from carrying out the

Development work envisaged under this Agreement.17.

The

Developers shall at their own cost make necessary arrangement for construction

of the buildings on the said land in accordance with the scheme, which may be

approved by the Competent Authority or State Government under the provisions of

the said Act and the Developers shall execute an indemnity in favour of the

vendors for the due performance of the terms of the said order.18.

The

Developers shall be at liberty to allot the dwelling units of flats in the said

buildings to be constructed on the said property or to enter into any package

deal agreement for allotment of completed building or buildings to be

constructed on the said land with such party or parties and at such price 'and

on such terms and conditions as the Developers/Purchasers may deem fit and

proper. All such allotments and arrangements shall, however, be made by the

Developers at their own costs and expenses and at their own risk, the intention

being that the Developers shall alone be liable and responsible to such party

or parties, provided, however, that the price and the terms and conditions at

or on which the said building or buildings or part thereof are to be allotted shall

not in any manner be inconsistent with or in contravention of any law and

conditions imposed in NOC under section 20 or 21 of the said Urban Land

(Ceiling & Regulation) Act, as may be sanctioned by the Competent Authority

or State Government. The Developers hereby indemnify and keep indemnified the

Vendors in respect of any such claim that may be made or suffered by the

Vendors and costs, charges and expenses on account of sale or allotment of

flats or otherwise.19.

The

Developers shall be entitled to enter into usual Agreement for sale of

flats/shops/ garages/office premises with various intending buyers, on what is

known as ownership basis, on such terms and conditions and at such price as the

Developers may think fit and proper: PROVIDED, however, the Developers shall

not part with possession of the flats, shops, garages, units, etc. in the

buildings that will be constructed by them in pursuance of this Agreement

unless and until the entire amount payable to the Vendors as per these presents

is paid by the Developers to the Vendors.20.

All

amounts payable by the allottees of the dwelling units and the buildings to be

constructed on the said piece of land or from the allottees of completed

building in case of package deals under any arrangements made by the Developers

with such allottees shall be received and appropriated by the Developers.21.

The

entire development work in respect of the property shall be carried out by the

Developers in accordance with the plans that may be approved by the Municipal

Corporation of . and other concerned authorities and while carrying out

construction work, the Developers will strictly comply with the building rules

and bye-laws of the Municipal Corporation of Greater Bombay, various

instructions, orders and directives, that may from time to time be issued in

regard to the construction work by the Bombay Corporation and other concerned

authorities. The Developers shall carry out the entire construction work at

their own account and risk and at their own responsibility and shall pay and

discharge all the costs, charges and expenses in relation to the construction

work including payment of salaries and wages to the personnel and workmen

employed in construction work, bills of the suppliers of building materials,

Municipal rates and taxes in respect of the said property and from the date the

Developers being put in possession and allowed to enter upon the said property,

fees of the architects and R.C.C. specialists and consultants and all other

professionals charges and/or retained in regard to the construction work. The

Developers hereby agree to indemnify and keep indemnified the Vendors of land

from or against any claim that may be made against Vendors by any one and/or

any damage the Vendors may suffer as a result of the Developers committing

breach of any of the building bye- laws, rules, orders, directives,

instructions that may be issued by the Municipal Corporation of . and

other concerned authorities in connection with the construction work as

aforesaid and/or the Developers committing default in payment of the salaries,

wages and fees including the payment for injuries or any compensations during

the progress of work of various mentioned hereinabove as also in payment of the

Bills of Suppliers of the building materials and in payment of the Municipal

taxes or in any damages or loss that may be suffered or sustained by the

Vendors as a result of the Developers carrying out the construction work and/or

development on the said property.22.

It

is agreed that the developers shall carry out ail the work of development in

their name/s or in the name of their nominees, shall not do or cause to be done

any act, deed, matter or thing in the name of the Vendors. It is expressly

understood that all the agreements, arrangements or writings which the

Developers may enter into shall be in their own name and not in the name of the

Vendors. It is also expressly understood that the Developers will be entitled

to the benefit of rights of development under any order or permission which may

be issued by the Government of under section 20 and/or 21 of the Urban

Land (Ceding & Regulation) Act, 1976.23.

The

Vendors hereby declare that:a. The said property is

equivalent to freehold and is not held under any agreement;b. There are no

outstanding encumbrances, mortgages, liens (notice for acquisitions,

requisitions or set back) easements, rights of tenants or outstanding interest

or claim by any parties other than the Vendors nor is the said property

subject-matter of any pending suit or attachment either before or after

judgement. No notification is issued under any Ordinance, Act, statute/rules or

regulations affecting the said property;c. The Vendors further

declare that neither the Vendors nor his/their predecessors-in-title nor any

body claiming from/or under them or any of them have or have granted any right

of way or easement or other rights to any person over the said property;d. The Vendors agree and

undertake to obtain consent and confirmation from Smt. N and in case of her

demise before the execution of the conveyance from the legal heirs of said Smt.

N confirming the sale in favour of the Developers or their nominee/s including

a co- operative housing society as the case may be.1.2.3.4.5.6.7.8.9.10.11.12.13.14.15.16.17.18.19.20.21.22.23.24.

It

is agreed that the Vendors and all other necessary parties shall execute the

Deed of Conveyance and/or all other writings in favour of such person/s as the

Developers may direct and in the event of Conveyance/s be given in favour of

the Nominee/s of the Developers or a proposed co-operative housing society. The

Developers shall also join as a Confirming Party to the said Conveyance.25.

The

Vendors will ensure that at the time when the Developers are allowed to enter

upon the said piece of land described in the Schedule hereunder written, the

said piece of land is absolutely vacant and nobody is in occupation of the

same.26.

The

Vendors hereby agree and confirm that the Developers shall be entitled to

transfer the benefit and burden of this Agreement subject to the terms and

conditions mentioned herein either as a whole or in part to one or more parties

and that the Vendors shall have no objection to the same and the terms and

conditions of this agreement shall remain binding over such transferees.27.

It

is agreed that the Developers shall carry out the work of development in their

own name and shall not cause or cause to be done any deed or matter or thing

whereby the Vendors are put to loss and have to discharge any liability. It is

expressly agreed that the agreement which the Developers may enter into with

any person in connection with the development scheme or for sale of flats, etc.

shall be entered into only in the name of the Developers on principal to

principal basis and not as agents of the Vendors herein.28.

The

Developers agree to pay Municipal, betterment charges, T.P. charges, water

charges, electricity charges, fines and penalties arising as a result of change

in the user of the said land.29.

The

Vendors declare that the land, hereditaments and premises hereby agreed to be

developed and conveyed are not subject to the easement or rights in the nature

of easement.30.

The

Vendors hereby declare that no notice from Government or any other body or

authority or under the . Municipal Corporation Act or Land Acquisition

Act or Town Planning Act, The Defence of India Act or under any other

legislative enactments, Government Ordinances, Order or Notification (including

any notice for acquisition or requisition of plots or any part thereof) has

been received by or served upon them or any other person/s interested therein

nor is the said plot or any part thereof included in any intended or publishes

scheme of improvement of the Municipal, Government body or Public Body or

authority save and except that the said plot is included in the development

plans for . and portion of it is intended for reservation of playground.31.

The

Vendors hereby agree to pay and discharge all taxes and outgoings in respect of

the said land prior to the sale on which the Developers are put in possession

of the said land.32.

The

Vendors shall be entitled to receive the rent and profits and shall be liable

to pay all outgoings, such as Municipal taxes, land revenue, etc. prior to the

date the Developers are put in possession and the Developers shall from the

date they are put in possession be entitled to receive the rents and profits

and liable to pay all outgoings (including Municipal taxes, land revenue

charges for consumption).33.

The

Vendors shall pay all outgoings including the ground rent, municipal and

Collector's bills and charges in respect of the said property hereby agreed to

be developed and conveyed previous to the date of handing over of the

possession to the Developers. The Developers agree and undertake to bear all

the betterment charges in respect of the said property and all taxes,

Municipal, Collector's bills, etc. after the date of taking over of the

possession.34.

On

the execution of these presents, the Vendors have authorised and allowed the

Developers to put up the notice/signboards @herein indicating the proposed

development scheme of the Developers )n the said property.35.

From

the date of the possession, the Developers shall be entitled to commence the

construction of the new building at their own costs and responsibility and also

enter into the agreement for sale of units/flats, etc., herein at their entire

responsibility on what is known as ownership basis'.36.

The

Vendors hereby authorise the Developers to sign and execute applications,

writings, undertakings for amalgamation, layout, sub-division, building plans

and other assurances and submit the same D the Municipal and Public authorities

and to obtain commencement certificate, etc. for obtaining N.A. and transfer

Permission for the purpose of and for the development of the said property and

also to appoint the Architect at Developers' costs and expenses. It is also

agreed that all the costs, charges and expenses to e incurred in pursuance of

this clause save and except as provided otherwise in this Agreement shall be

borne and paid by the Developers alone irrespective of the fact whether the

transaction goes through or not.37.

The

Vendors declare that the property in question is ancestral property. However,

there is no minor interested in the property and hence the question of

obtaining the sanction from the competent Court relating to minor's interest in

the property does not arise.38.

If

the Development/sale be not completed due to any wilful default on the part of

the Vendors, the Developers shall be entitled to specific performance of this

Agreement.39.

The

Vendors shall immediately on execution of the Conveyance apply for and shall

obtain his/their Income Tax Clearance Certificate under section 230A of the

Income-tax Act, 1961 in respect of Deed of Conveyance of the said property and

till that time the balance purchase price to the Vendors shall remain deposited

with the Vendor's Advocates as his stake-holders.40.

The

Developers are aware of the fact that at present there is no proper access to

the property to be developed and the Developers have agreed to construct a road

thereby facilitating an access to the properly hereby agreed to be developed at

the Developers own costs and expenses and under no circumstances, the

Developers shall cancel these presents on the ground of non-availability of access

as it is agreed by the Developers that they shall bear the costs of the access,

if necessary.41.

On

the execution of these presents, the Vendors authorise and allow the Developers

to put up the notice/signboards therein indicating the proposed development

scheme of the Developers on the said property. However, it is made clear by the

Vendors to the Developers that to put up the signboards does not mean even by

implication the handing over of the possession and mere putting of the

signboards does not give any right to the Developers of possession and the

Developers shall not have any interest whatsoever against the said property.42.

This

agreement shall not be treated as a partnership between the Vendors and the

Developers.43.

The

Developers shall indemnify and keep indemnified the Vendors from and against

all actions, claims, demands, proceedings, fines, penalties and all costs,

expenses and damages incurred or suffered by the Vendors in the course of such

development.44.

Save

and except as hereinbefore otherwise provided, all costs, charges and expenses

of the Vendors and of the Developers and incidental to this Agreement and

Conveyance and other writing or writings to be made in pursuance hereof

including stamp duty, registration charges, plan, certified copies, correspondence

and all the expenses shall be borne and paid by the Developers alone. The fines

and penalties payable to the Collector or transfer of the property not incurred

by reason of any delay in lodging the Deed of Conveyance by the Developers

shall be paid by the Developers alone. The penalty payable to the Registrar of

Assurances shall be paid by the party by whose default such penalty may have

become leviable.IN WITNESS WHEREOF

the parties hereto have hereunto set and subscribed their respective hands and

seals the day and year first hereinabove written.The Schedule above

referred toALL THAT piece or

parcel of land, ground, hereditaments and premises bearing No. ............ and

admeasuring about .......... sq. meters, situated at ..........................................

and delineated on the Plan hereto annexed and thereon shown surrounded by a red

colour boundary line and bounded as follows:-On or towards the

EastOn or towards the

WestOn or towards the

NorthOn or towards the

SouthSigned, sealed and

delivered by thewithin named Vendors1. X2. Y3. Z4. A5. B6. Smt. CSigned, sealed and

delivered by thewithin named

Confirming Party Smt. NWITNESSES;1.2.Received the day and

year first hereinabove written of and from the within named Developers a sum of

Rs. ............ (Rupees ................... only) as and by way of earnest

money to be paid by them to us by Cheque No . .................... dated

.................... for Rs . ................ drawn by the

...................................We Say Received1. X2. Y3. A4. B5. Smt. CSIGNED, SEALED AND

DELIVERED by thewithin named

Developers M/s.by the hands of Shri

..,its partner.


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