Deed Of Sale Deeds Agreement For Sale 1490 - Legal Draft

...... day of 200 5

............R ............. age 55 years, occupation agriculture, resident of 100 Bhandarkar Institute Road, Pune 411004, hereinafter called the VENDOR, (which expression shall, unless repugnant to the context, mean and include her heirs, executors, administrators and assigns) of the One Part

...............K .......... K ............age 50 years, occupation - business, resident of 777 Deccan Gymkhana, Pulachiwadi, Pune 411004, and

2. Shri ......C .............. T .............. D .............age 55 years, occupation- business, resident of 999 Sadashiv Peth, Pune 411 030, hereinafter called the PURCHASERS, (which expression shall, unless repugnant to the context, mean and include their heirs, executors, administrators and assigns) of the Other Part.

3. WHEREAS the property bearing Gat Nos. 180 and 181, of the revenue village Chakan, Taluka Khed, District Pune, described in further details in the schedule hereunder, originally belonged to one, Shri GFT and others;

4. AND WHEREAS the said owners, by a sale-deed, dated ......... registered with the office of the Sub-Registrar, Khed, at Sr. No ........... transferred and conveyed the said property in favour of the present vendor; is owned and possessed by the present vendor;

5. AND WHEREAS since then, the present vendor has been possessing and enjoying the said property as the owner thereof;

6. AND WHEREAS the present vendor has applied for and obtained the
NA permission in the year 200 ......... vide order bearing No. 2770, dated
200_, issued by the Tahsildar, Khed;

7. AND WHEREAS has intended to dispose of and transfer the said property for raising funds for her personal reasons;

8. AND WHEREAS the present purchasers approached the vendor with such a proposal to purchase and acquire the said property and also agreed upon the terms and conditions as worked out by and between the parties;

9. AND WHEREAS the parties hereto have decided to reduce into writing the said terms and conditions of their agreement;

10. NOW, THIS DEED WITNESSES as follows
That the vendor hereby conveys, sells and transfers unto the present purchasers her property bearing Gat Nos. 180 and 181 of the revenue village Chakan, Taluka Khed, District Pune, described in further details in the schedule hereunder TO HAVE AND TO HOLD the same FOR EVER as the owners thereof.

11. That the purchasers have today paid unto the vendor an amount of Rs. 10,00,000/- by way of consideration and purchase-price by cheque No. 6579, dated ....... drawn on the Janata Sahakari Bank Limited, Laxmi Road Branch, Pune, the receipt whereof the vendor does hereby acknowledge unto the purchaser, and the vendor hereby declares and confirms that now nothing is due from the purchasers unto the vendor towards the price-price.

12. That the vendor has assured unto the present purchasers that she, the vendor, has a clean, clear and marketable title to the said property, and the same is encumbrance-free.

13. That the vendor has also assured unto the purchasers that the said property is neither a subject-matter of any pending litigation, requisition or acquisition proceedings, and that the vendor has the absolute right to sell, transfer and convey the same.

14. That the vendor has already paid all the taxes, cesses, charges and assessments payable in respect of the said property uptodate, and those accruing and becoming due hereafter shall be paid by the purchasers.

15. That the purchasers are purchasing the said property for using and utilising the same for industrial purposes, and the purchasers shall be at liberty to have their industrial units on the said property.

16. That the said property has been granted the NA permission, and the purchasers shall have all such rights to put the said property for industrial use.

17. That the vendor has today put the purchaser in actual possession of the said property, and the purchasers hereby declares and confirms that she, the vendor, shall not have any right, title or interest in or over the said property or any part thereof.

18. That the purchasers shall get their name entered in the record of rights in respect of the said property.

19. That the vendor has applied for, obtained and furnished unto the purchasers all the necessary permissions, exemptions and clearances under the provisions of law in force required for the due and effective execution of these presents.

20. That as agreed by and between the parties hereto, all the expenses of stamp duty and registration charges have been borne out by the purchasers alone.

THE SCHEDULE OF THE PROPERTY ABOVE REFERRED TO : All that piece and parcel of land situate within the Registration Division & District Pune, Sub-Division & Taluka Khed, within the local limits of the Pune Zilla Parishad, revenue village Chakan, bearing Gat Nos. 180 and 181, respectively admeasuring 2 hectares and 5 hectares or thereabouts, and bounded by as follows :
[1] Gat No. 180 - On or towards the East _ Gat No. 182.
On or towards the South _ Gat No. 185, On or towards the West _ Public Road, and On or towards the North Nullah.
[2] Gat No. 181 - On or towards the East _ Gat No. 180,
On or towards the South Gat No. 189,
On or towards the West Public Road, and
On or towards the North Gat No. 187.

IN WITNESS WHEREOF the parties hereto have signed hereundei at Rajgurunagar (Khed) the date first above mentioned.
Sd/- SRR VENDOR
Sd/- BKK Sd/- CTD PURCHASERS Witnesses :
Sd/-xXx
Sd/-xXx