(RINTRATORIERO Origin! enna Salas a caterer sv egg ets sel see os sone - sense oni 9. rem, ‘om S Teese ee evita ans 6 en) 3 1M A Se eo ua ye eovecsoe eT OF - eae Bein or: eg eran tino Sipetraer aeons ganeA Foire eaten = gle, 24 INDEX NO. rent ma. eee yet ee, bse ern a i he ne oy Re oo era ‘ara werner 28 Moco dome matter So (ego deft ems) FR Phra mee se PBR AON 465 wk aca Sad ausuaty seeds mten tS word aa Sas ea com'a'a gene atom ey So Taba uso ah beaers anti outset Tee tana yh na hc BP son Rad gehen at eas ‘9m ae dr 8 te ont ae * 4. 61 Bre So 1 ee wt ae ih de sens aptesnma tea; neprm {ERM ne der enn Geran ser cor oa Bree ve ns er rere a ei aoaes osm seen te ecw sta ts fom ages je evar gy tenes oe ae te rf ers at Dee tem eat nt ome ae sem ey eT [igs See an eras wie rh gee Naveed Bee seer See Uy er are 9 So cen (nel a Sani tee i a pe i ne rin eae ste sae = to cc a Sesser setmey tig Sea ao eee ee Fe MA Se edven berber = et ee "hs Retire (ose ten ae vd Ree enkuee a oT nose fete Yeh aot ie as ‘ied sions ee rues aot si (yn easton carcass tare TEST secs eh " Secor, SION ES” 707 / foes Aer | ERD? » a Reamer 9 ee ° are ar 212700 a 69) arama eat “ " hate wah wc ertnenergvenceIipretonmeemens oriet IRA S697¢ orem remem Peon comet, pian75a | RAR 23 7007 Siar rast aes wamninmm 127 R060 1 300HPas072 DRDTA ease cure wmamasiine serpent aes ke "hal Beso Bek Tonite age Teme Bice ARTICLES OF AGREEMENT made at Pune tis 2° day of March in te Cision Year Two Towson and Seven BETWEEN NVS.NAVRANG CONSTRUCTIONS, @ partnership fim duty registered unde the provisons of the Indian Faroership Act, 1982 ving its Regtered Omce at $0333, Skideshwar Nagar, Vihrantwac, Pune 411015, by the fads of lls Parmar, 1) SRL SSIRADHANAND NAVRANG TYAGI 2) SHRI SAMLAY SHRADHANANO TYAGI, 3) SHRI RAKE SHRADHANAND —TYAGE and 4) SHRLNTTIN BURA TYAGH,‘herent referred to as "te Party ofthe Fst Part” (welch expression shall wks ‘te repugnant tothe contoxt or meaning thereof be deemed to mean and che the partners forthe time being of the said firm, the survivors or survor of them ‘nd the heirs, executors and admisistrators of such lst stuvivor) oF the Fst Part AND M/S.NAVRANG DEVELOPERS, 9 partnership firm duly registered under bie Provisions of the Indian Partnership Aci, 1932 having its Registered Office at '.n0.29/3, Slédeshvar Nagar, Vshrantwod, Pune 412015, by the hand of al ts Partners 1) SHRI SHRADHANAND NAVRANG — TYAGI 2) SHRI SANAY SHRADHANAND —TYAGI, 3) SHRI RAIEEV SHRADHANAND —TYAGI and 4) SHRLNITIN BALRAI TYAGI, hereinafter refered to as "he Party of the Second Part” (hich expression shall unless i be repugnant tothe context or meaning thereat be deemed to mean and include the partners for the time being of the salt fm, the Survivors or survivor of them and the hers, executors and administrators of such Jat survvor) of the Second Part AND MARVEL REALTORS AND DEVELOPERS LIMITED, a company incorporated under the provisions of the Companies Act, 1956 having &s Registered Ofce at 301-302, Jemel Towers, Cane No.5, Koregoon Patk, Pune 411001, by the hand of one of is Directors, SHRI. MAKESH GANSILAL LADDHA, hereinafter refered to as “te Party of the Third Par (which expression ‘hall sles tbe repugnant to the content or meaning thereof he deemed to mean ‘and inude the sad Company, its successors-in-interast and assigns) of the Third Part ‘WHEREAS the Party ofthe Fist Parts the heer of rights of development of lands agmeasuring 15275 s.r. nthe aggregate oUt of Suvey Nes.367, 168 and 237 site, lying and being &t Vitage Hadapsor within the Registration Sub-Distrit of Tokika Havel, District Pune and within the limits of the Gram Panchayat Fedapser and faling in the “Resident Zone under the Reglnal Plan forthe Pune Metropolitan Region cumenty in force; dots of al the said lands the rights of development whercof are held by the Party ofthe Fst Part as also the deta ofthe ‘Anreemens/Powers of Aiforey whereby the Party oF the Fist Part acquired the "ight of developmere thereot are st out Anngxe "A" hereto annexed; -ANO WHEREAS the Party ofthe First Part herein isthe holder of hts of evelopment of londs admeasuring 6300 sq.m In the aggregate out of Survey 'Wos.167 and 168 stuate, Wing a being at Vilage Hadapsar within he RegitrationSub-Disriet of Taluka Havel, Oistic: Pune and within te fits of the Grom Panchayat Hedapsar and fang in the “Residential” Zone under the Regional Plan for the Pune Metropotan Region curently n force; etal of al the sad lands the "ights of development whereof are held by the Paty ofthe Fst Part as also the eta of the Agroemers/Powers of Attorney whereby the Party of the Fist Pat ‘aoquired the rights of development thereof are sot out in Annexure "B hereto amexed AND WHEREAS the Paty of the Second Fart herein isthe holder of rights of development of fends admeasuing 13425 sqintrs inthe aggregate oUt of Survey "No. 237 and 238 stuate, ying and being at Vilage Hadapsar within the Regstaton Sub-Distrct of Taluka Hove, Dit Pune and within the limits of the Gram Panchayat Hadapsar and fallog inthe "Residential" Zone under the Regional Pan for the Pune Metrapotan Region curently in force; deta of al the said lands the "ights of development whereot are held by the Pasty ofthe Second Part a aso the eta ofthe Agreements/Powers of Atomey whereby the Paty of the Second Part ‘acquires tre rights of development teteot ar set out In Anexure “C" hereto annexed, AND WHEREAS the said lands desorbed in Annexures °A™ and “Ct ‘2dmeasuring Inthe aggregate 28,700 sqm are more particularly Geserbed in the Schedule hereunder writen and horvinater fered to, where the context so eras, a the sac nds; AND WHEREAS the Parties of the Fist and Second Parts ae desirous of ‘developing the sald ands by construction of multstorted Buluings containing Fats / ‘Unity Commercal Premises thereof and by sale of such Flats/Uns/Commerial Premises to prospective purchasars thereof; AND WHEREAS due to otner pre-oceupations, the Parties of the Fist and Second Pots have not been able to proces with the development the soi lends; ‘AND WHEREAS, Inthe cieumstancet, the Parties f the First ane! Second Parts were desirous of fmplementing Ue projec of carving out the development, of ‘ana construction on the said lands and sale ofthe Fats/Units/ Commercial Prenvsesconstructed thereon with any other Porson oF party having the necessary Fnac capacty and expertise in the development and construction of immovable properties ‘and sale of units therein; AND WIIEREAS pursuant to dscussons by and between the partes hereto R hasbeen agreed by aad behveen them that they shall Implement the saxt projet on the sald tnd; ‘AND WHEREAS the parties hereto are entering into these presents witha ew to redce in wing and record the terms and conttions of such agreement ave at by and betweon themselves NOW THESE PRESENTS WFTNESSETH AND IT 15 HEREBY AGREED €Y AND BETWEEN THE PARTIES HERETO AS FOUOWS:- ‘The patties hereto agree to work on a principal to-princpal basis and divide ‘the work In respect of development of the sa lands more parscuary descr In ‘the Schedule hereunder wren by construction of Buildings containing Fat/Units/ Comeneria] Premises of other structures thereon and by salealenation of such lts/Unts/ Commercial Presses) Structures to prospective purchasers thereof 0m “Ownership basis under the provisions of the Maharashtra Orimershi Flats Act, 1963 oF ethenise howsoever 9 expott the commercial potently oF the said lands. ‘The sad Housing Projects to be constructed on the sald lands shall have the Defic "MARVEL" 1 hereby dried and dedared that the partes hereto are dealing with ‘each other on "Principal to Principal” basis and that they are not Agents of each ‘other im any matter pertaining the evelopment of the sad lands and Implementation ofthe said Project thereon. ‘The Roles/Resporsibaes/Oblgations of the parties hereto pertaring to evelopment of the sad lands and the Project to be implemented thereon shall be under:(®) ROLE/RESPONSIBILITY OF THE “Time period in PARTIES OF THE FIRST AND which such SECOND PARTS. Obligation is ‘to be performed. ‘To perfect the tite ofthe respective Owners ofthe sid lands and their own Dbenefcol te thereto and to ensure thatthe same is fee from all encumbrances, ‘charges, mortpages,cisims or doubts and the Peres of Fest and Second Parts shall ‘get in af outstanding estates, If ay, In spect thereof a their own cost — within a ‘eriod of 30 (Titty) Days fron the date of execution hereof, To. have the said Lands demarcated and avimeasuned by the City Survey Office, Pune / or Teluka Inspector of Lands Records, Have, Pune and to procure "Demarcalion Certifies" in respact there - within 30 (Thirty) Days rom the date herent. To hove the status of the sald lands determined by the Deputy CColector and Competent Authonty, Pune Urban Agglameration, Pune under the provisions ofthe Urtan Land (Celing & Repulaton) Ac, 1976 and to ensure that Dart thereof held to be "sus" inthe hands ofthe respective Owners tray - ‘ithin 2 pevod oF 60 (Shy) days from the dte oF execution hereot To proce the maximum FAR by way of purchase of “Transfer of Development Rights" for carying aut construction on the said lands = at the ‘efevent me as may be mutualy agreed by the parties hereto, ‘To enable the Party of the Third Pat to procure sanction of the Building Layouts and Building Plans in expect of the constuction to be cated out on the 3 lands, the Parties of Fst and Second Parts shall procure lawful socess over 2 “Twelve Metor wide portion aut ofthe land bearing Survey No.147 Hadapsor which land lies between the Twenty Four Meter wise Hadagsar to Kharadf Road upto the Seldon ard such ful ccess to any of the ands which form the subject meter of these presents as a means of acces to te same.©) To dscharge at ther oustanding obligations towards the Owners of te said lands, (®) To dscharge al responses and Lailies as "Promoters" under the provsions of the Maharastra Ownership Fas Act, 1963 vis& is the purchaserallotices of Flts/Unis/Commercal Premises in the Project so far asthe same pertains to the resporstilty and Tabity ofthe Prmoter to ensure that fee, dear and marketable Ile to the lands are conveyed to the Ultimate Booy fered of tne urcrases/aletiees of the Flats/Unts) Commercial Promices ‘construct on te sale ands ‘Al the above obigations shall be performed by the Parties of First and ‘Second Parts ot thelr own cost and within the time fmits stipulated for performance ofthe sare hernabove, (@) ROLE/RESPONSIBILITY OF THE PARTY OF THE THIRD PART: )Totake al decisions pestaring to the endre Project tv be implemented on the sald lands musing decstons pertaining to, appointment of Architects, ROC Consultants and other Constants fr the sid Project |) To devise and Implement marketing and professional stratecies and poles forthe marking ofthe Project. i) To provice all runds recuied for camying out development of and Construction onthe sai lands and for esting al other incidental costs of the Project, except such costs which are to be bore and paid by the Parties of First and Second Pats herein, 1 To prepare plan's of the bulking’ to be construct on the said tan for ‘submitting the same to Ofnce of Cllecor, Pune within One month fram the date of execution mere,To bear and pay the Development Charges, Scrutiny Fees ard other Charges and deposits payate to the Offce ofthe Calletor of Pune for procuring sanction to the Bulking Layouts Building Plans In respect ofthe se Ions. wi) To carry out the actu work oF dovolopment/construction and to ensure that the same fs completed within a period of 36 (Ty Sx). Months fom ‘the date sanction of the Office of the Collector of Pure for the Bucy lane in respect ofthe constuction to be cami oUt on the aid Lands, Provided futher tht the Party ofthe Third Part shal be ented to a reasonable extension in the seid Une let prescribed for compton of the sald Project any such delay shall have been occasioned ty force rajeure causes or on account of amy defect in the tte ofthe hoklers of the said lands or any outstanding encumbance being Four to exist \8) To dscharge all responsbities and fables as “Promaters* under the provisons of the Maharashita Ownership Fs Ac, 1963 vis2-vis the purchascs/allottess of Fars/Unis/ Commercial Promises in the Projuct ‘53ve and except the sald respensbilty and Rabity undertaken by the Party ofthe One Part pertaining t tite of the seid kansas stated above [A the above obligations sta be performed by the Party ofthe Third Part from out of ts own funde/share ofthe "Gross Sales Procceds" ofthe sald Project within the tines stipulated above (©) JOINT RESPONSIBILITIES OF ALL THE PARTIES HERETO:- @ ‘To procure permission for conversion of the user of the sat land to “Resident ftom the Office of the Collctor, District Pune under the provisions of Section 44 of the Land Reverue ‘code, 1966 provides however thatthe Parties of the First ans ‘Second Parts shall bear and pay the "NA conversion Chawes and bear all expenses in respect thereat.o To procure sanction of the Office of the Callectar of Pune for the Bulaing Layouts and. Bulding Plons in respect of the ‘construction to be carted out on te sal land. '5) The "ars Sales Proceeds" of the Project to be implemented on the sald land shal be apportioned between the Parly of the Rust Par, the Party ofthe Seconxi Part and the Party of the Third Patt in the proportion 22.62 : 19.68 : 57.50 respectively, and the sharing ratio of the parties wil remain same far constuction ‘cane on te Annexue tad 2s wel as any aditionl construction cated out on the sail ands by way of utlbing "Teanster of Development Rights". The tem “Grote Sales Proceeds" shall mean and include the actual amounts received from the ‘alo ofthe sald Flats/Unts/ Commercial Premises in the said Project and amounts received by the parties hereto from the grant of excssive nght of user of parking spaces, open spaces oF terraces in the sad Project in favour of the prospective purchasers of Flts/UntsjCommercial Premises therein. However, the tem "Grass ‘Sales Proceeds" shall mot Include amounts rocetved by the Party ofthe Third Pat towards Clb Membership charges, MS.EB. Deposits & Charges, the amounts eesved from the prospective purchasers or allenses of such Unts a their cconbfoubon towards Secvice Tax of other tndrect Taves to be recovered by the Dates hereto and paid to the Government, Common Arsa Maintenance Deposits and charges, Legal Charges and other amounts save al except on account of laity to refund the amounts advanced by the Party ofthe Third Part to it as stated In tie next succeading Cause, the Paries of the Fst and Second Parts sal be ‘ntl to receive without any detctons the’ respective shares ofthe Gross Sales Proceeds of the sald Project, IL tutor carfied thatthe Parties of the Fist ane ‘Second Ports shall not be lable to bear any part oF the foes, Hf any, suffered! in respect of the sald Project. 6) Tis agreed by and between the partes hereto thatthe Party of the Third Part shall deposit sums of Rs.2,50,00,000 (Rupees Two Crores Fifty Lacs Only) and 's.2,20,00,00- (Rupees Two Croves Twenty Lacs Ory) Inthe aggregate with the Parties of the Fist and Second Pats. The sa sum of R52,50,00,000/- shall be ‘seperited by the Paty of the Third Part with the Paty of the Fst Bert in manner folowing, thats to say:=) Rs.30,00,000/- (Rupaes Tity Lacs Only) dopesited by tke Party of the ‘Third Part wth the Party of tho Fist Part on execution of ese presents ‘ide Cheque No.564570 dated 31.03.2007 drawn on the Oriental Bank of Commerce, F.C. Road Branch, Pune ~ the payment and ceceipt whereot the Party ofthe Fst Part herby admits and acknnwledges. 1) _R8.2,10,00,000/- (Rupees One Crore Ten Lacs Onl) to bee deposted by the Party of the Third Part withthe Party of the First Part on or before 30.04.2007. 9 _.1,10,00,000/- (Rupees One Crore Fen Lacs Only) shal be deposed by the Party of the Third Part with the Paty of the First Parton or before 31.05.2007 ‘The said sum of Rs.2,20,00,000/- (Rupees Two Crores Twenty Lacs Only) shall be deposited by the Party ofthe Third Pat withthe Party ofthe Second Part in ‘manner foloving, Uti to say:- (8) R5.51,00,000/- (Rupees Fity One Lacs Only) deposted by the Party of the ‘Third Pat before execution of those presents vide (Cheque No.505592 dated 36.08.2006 aravin on the Oriental Bonk of Commerce, F.C. Read Branch, Pune = the payment ang ‘cipt whereof the Party ofthe Second Part hereby edits and acknondedges. (©) R.2,00,000)- (Rupees Two Lacs Cnly) deposited by the Party of the Thmd Part withthe Patty oF the Second Pet on exection of {hese presents vide Cheque Ho.56487 dated 31.03.2007 drawn (on the Oriental Bank of Commerce, F.C, Ras Branch, Pune the payment and racept whereof the Party of the Second Part hereby admits and acknownedges, (©) °5.83,00,000y- (Rupees Eighty Three Lacs Ory to be deposited ‘yy the Paty ofthe Third Port withthe Party ofthe Second Part on or before 30.08.2007(©) Rs.84,00,000/- (Rupees Eighty Four Lacs Only) to be deposited by the Party of the Third Part withthe Party of the Second Part nor before 31.05.2007, 7) Tt as futher been agreed by and between the partes hers that out ofthe fst ‘um of Rs. 6,00,00,000 - (Rupees Sex Croce Orly) oF the Gross Sales Proceeds of the Projet, Rs. 3,20,00,000/- (Rupees Three Cores Twenty Lakhs Onty) shall be receivable by the Party of the Fist Pat and Rs.2,80,00,000/* (Rupees Two Crore ht Laks Oni) shall be receivable by the Party of and Second Parts. However, ‘such amounts shal be reelvable by the Paes of the First and Second Pats on and ater sanction of the Office ofthe Cofctor of Pune to the bulng plans in respect (oF the constuction tobe cared ut on the sald lands. After the Parties ofthe Fist and Second Ports have received the sald agoragate sum of Rs, 6,00,00,000 /= (Rupees $x Crore Only), the next Rs8,10,00,000)- (Rupees Fight Crore Ten Lakhs (Only) ofthe Gross Sales Proce ofthe said Project shall be receivable by the Party ofthe Third Pat alone, After the Paty ofthe Third Part has recelved an agaregate ‘sum of RS.8,10,00,000/- (Rupees Eight Cove Ten Lakhs Only} out ofthe Grass Sales Proceeds of the Project, the Gross Sales Process shall be apportioned and rcivabe by the Paty of the Fist Prt, the Party ofthe Sacond Part and the Party ‘of the Thins Partin the proporton 19.69 :17.31 : 63.00 respectively. such time 25 the Party of the Third Part has revered the seid aggregate deposk of £.9,70,00,000/- (Rupees Four Crore Seventy Lakhs Only) avd by it te Parties of the First and Second Parts, ARer the Patty ofthe Third Part has recovered the said ‘deposit without interest, the Gross Sales Proceeds shall theresfer be apportioned betwen the Paty of the Fist Part, the Party of the Second art andl the Party of the Tied Patt herein in usual proportion |e. 22.62 19.8 : 57-50 respectively. 8) Subject to what i sated in Paragraph 7 above, 1s agreed by and between the parties hereto that a Bank Account in the name of Harve Navrang Developers” wil bbe pened in any Natonalizad, Scheduled or Mut:National Bank and such Account (hereinafter refered to as "tre Collection Accour”) shal be operate by the Parties of the Fast or Socond Parts AND tha Party ofthe Third Part herein joint. Al amounts received from the prospects Purchasers of Fats / Unt4/Commercat Premises in the Project by way of "Gruss Sales Proceeds" of the Project to be Imolemerted on the sad lands sil be deposit in the sald "Collection Account,‘Ayproptate instructions from time tote shal be give to the sald Bank in which ‘such "Collection Account has been opened to tanstr the funds tothe respective ‘Secours of each of the pores. Another Account in the jant names ofthe partes ‘hereto wl be opened in the sid Hank, All amounts received from the prospective purchases of Faty/Units/ Commercial Premios inthe sald Project towards Cb Membership Charges, MSEB Deposits & Charges, Common Ares Maintenance ‘Dapostes and Charges and other amounts mentioned in Cause 5 hereinabove sal ‘be deposited in suc ather Account. Such Account opened by the partis hereto for receipt of such Cub Membership Charges etc shal be operated by the Party ofthe ‘Thin Part alone. It is hereby darned tht merely baczuse the Gross Sale Proceeds of the Project are recawved by the partes hereto in the name "Marvel Navran Developers’, It shal not be construod to mean that the parties hereto have formed an Association of Persons or Partnership, Such arrangement has been agraed upon erat forthe sake of convenience, 9) Al Agreements for Sale of Rats/Units/Commercial Premises in the sid Project shall be executed by the Parties ofthe Fst or Secpnd Parts AND the Party of the “Thc Part herein jorty. 10) The Party ofthe Thi Part shall ersure that at such development) onstruction ‘work scared out in aoondance withthe sanctioned plans and spectfeations and in aocordance with the applicable Buling Regulations and the Party of the Third Part ‘shall indemnify ond keep indemnified tre Parties ofthe Fist and Second Pats from ‘ny lass or damoge suffered or incurred by the Partles of te Fast and Second Pars 22s a rest of any breach commited by the Party ofthe Third Pat of the sanctioned plans and specications ane the appicableBuldng Regulations. 11) The Party ofthe Third Part shal be ented vith the prior witten consent of the Patties ofthe Fst and Second Parts to have the sid lands mortgaged in favour oF ‘any Bank/Fisancial Intttion as security for dve ropayment of ay loantimanci ‘assstance avaled of by the Paty of the Thed Part for the purpose of {implementation of the sad Project on tho sald ands. The Party of the Thed Port shall ensure that any such loan amount shall be utiized exusvely for the ‘implementation of the sid Project and for no other purpose. However, ts canted {hat a cnsts pertaining to procurement oF auch learyfinanctal asistance, includingthe interest to be reid to such Bank/FinancialIntition shall be borne and pail by the Party of the Thi Pat lone and it shall be the responaiblity ofthe Posty ofthe ‘Third Part to repay such foan/inancal assistance together with inferest accrued ‘thereon from out of Rs share of the "Gross Sales Process" of the sad Project ndyjor out of ts awn funds. 12) 1 hereby clarified and dedred thet each of the partes hereto stall be ented to camy on thelr respecive businessesoccupations apart from the project to be constructed on the said lands. However, al tie Parties shall devote the necessary time ond effort n relation to the construction of the sald Project on the said lads, 13) The Portis of the Fst and Second Parts hereto agree and undertake that they Shall not enter into oF arrive at any separate agreement, rangement, transaction OF understanding with any third party or parties whereby such thie party or parties acquire any right, tle and interest in the sald lands er any part or partion thercot andfor inthe conszruction to be cared out thereon. 14) From the date of execution hereof, Ue Party of the Third Part shall be ented tw commence the work of development onthe said land. 15) Fach of the parties hereto shall be Uable to bear and pay the taxes on the profits sccrung to each of then from the prof. Each of the Partes herein shat indemnity and keep indamntied, saved, defended and harmless the other pares hereto from or against any Yabity aking from non-payment of any tax on the Profs accrung to Such party from the projct being implemented onthe sad lands 16) It thereby specifically understood and agread between the parties hereto that the Party OF te Third Part shal indemny te Pate of the Fst and Second Pats Far amy monetary and legal consequences arising out of any relationship conractua! ‘or offense enters into between the Party ofthe Third Part and any cutsde thi party / agency, 47) Te ts hereby cariied and decored that we words “Fats / Units * used hesinabove shall iéude Bungalows / Twin Bungalows / Row-House: and otherStructures ining Cornmercia! Promises constructed on the said lands as part of the sald Project tobe implemented thereon, 18) Within a period of ftzen days om the date hereof, the Parties ofthe Fst and ‘Second Forts shell deposit with Shi Pradeep Khire and Shr. Raw Patel, Advocate for the Fartes of the Fst & Second Part AND the Patty of the Thid Part herein espedtivly al original Documents of Te / other relevant dacuments in respect oF the said lands. The said Advocates shal oily retain such orga! Documents wih ie at all Umes during the subsstence of the said Project uniess required to be deposited with any Bank) Fnandal Instlution for avaiing oF loan financial ‘escstance forthe Projet. 19) The Paty ofthe Third Part shal throughout hereafter and alnays Keep harmless ‘and keep indomfied the Paes ofthe Fest and Second Parts and thei respective stokes and effects from and against at actors, suts, costs, charges, expenses, amages, fines, penaties et. resutng from any act or emission oF ary defaut ‘ay Of complance or bread on the part of the Party of the Third Part in developing the seid lands in tanns of rules, regulations, terms and conctions or breach of controcs with ony government agencies, Omce of the Collector of Pune, ‘cal bodes or third partes. 20) As sated above, the rahts of development of the lands admeasurng in the aggregate 8500 sq.mirs and described in Annexure "B" hereto annexed are hed by the Party ofthe First Part herein, 1s aoree between the partes heel that at ‘the appropriate ume an as mutuely agreed between the parties hereto, the Party of the Fisk Port sha make avatobie the said lands described in Annexure *B” hereto annexed for development and the same shal orm part ofthe sai Projt to be implements by the partes hereto. The respecte rights and obligations of the Party oF the Fist Part herein on the one hand and the Parties of the Second aed ‘Third Parts hercin pertaining to the sald lands admeasunng 8300 squmtrs in the ‘aaregete shal be as etout i Agreement Supplemental to these presents, on samme terms and conditions as these presents. 21) Tha Contractus rfationship between the partes hereto unde the terms heeot shal come to an end on completion of the entre development work on the sk ”lands after al the Fits / Units) Commercal Premises to be constructed theeon hove been completed and sok! and alle amounts receivable from the prospective Purchasers thereaf have been received and afer final accounts being setied and the transfer ofthe said lands an the buldings constructed thereon in favour of the utmate body (being ether a Cooperative Housing Society / Socetios or {Condominium / Condominium of Apartment Owners formed of all the urchaserallettees of fatsunts\Commercial Premises in the Proket) bela property effectuated and all lter statutory inbltes of 3 "Promoter" under the Provisions of the Mehorashira Ovmership its At, 1983 or otherwise being duly tscharged. 22) The said fends are not contiguous to each other, In the circumstances, the same may have to be developed as porate Projects and senarate Bubding Layout Pons wil have to submited for sanction to the ice of the Callector of Pune. 23) It is hereby expressly declared that B Is not the intention of the Poties hereto to entor into 8 Parinetship or an Assocation of Persons with each otter ‘and rotting herein contained shall be construed as bringing ato effect or constituting the relations of partners by and between the Parties nett, 24) Al disputes or cimerences which may arse by and between the parties hereto asing out of te terms hereof or the interpretation oF the terms and conctions of Uhese presents or the performance by ether of the partes hereto of its J his ‘obligations vies the other party hereto, shal be fered to Arran unde the ‘rovsions ofthe Arbitration and Conctaton Act, 1995 to Shri Pradeep M, Khire and Shui Raf V. Patel, Advocates and the decison of the said Acttrator/s stall be inal and binding on te parties hereto, 25) The perbes hereto have stampa these presents with Stamp Duty of Fs.601300/- (Rupees Sc Lakhs One Thousand Theee Hundred} under Article § (9) ‘of Schedule 1 to the Bombay Stomp Act, 1958 wth reference ta te 29 called Market Value of the sald Lands according to the Ready Reckoner of Property Values ‘malnained by the Office ofthe Caleta ef Stamps, Pune.Secs IN WAITHESS WHERCOF the partis hereip have hereunto set and subscribed their respective hands the day and year Fist hereinabove witen. ‘The following lands astute, Hing and being at Vikage Haxtapsar win the Registration Sub-Ditrict of Takka Havel, District Pune ane within the Fits of the (Gram Panchayat oF Vilage Hadapsar and fling inthe "Resideni”Zone under the Region Pan for Pune Metropotan Region current fn force and each ofthe said lands is bounded as shown below ‘Schedule- A Lands SURVEY NOJ[TOTAL AREA IN] AREA WHICH 1S | BOUNDARIES ISSA No, HECTARES, SUBJECT MATTER anes OF AGREEMENT i673 = 30 = 30 Fost: 165, Has Nostand 5 Sout: 16714 West: Nalla {_ North: 167/2_ 1674 w= 30 ‘= 30 East: TOB/6 and 1665 South: 167/58 West: Nala | North: 16773 w= Fast: 168/6 ‘South: 168/74 West: 1677/4 . North: 168/5 65778 = 36 w= % ‘East: Road and and ~ Mabendra ‘Madhav Tupe ana land = Shiva ‘tikoba Tupe South: Road and 16y/7 West: 167/54 ‘and 167/38 L _ Worth: 1685/6. rf = ie = 1085 Fast 237/37 South: 237/5 09 = 05:60 west: 237}1 16876w= oie0 Noth: Daye wom Be © n=O Fast: 23775 Souths 23775 West: Nala Nowth:237/1 SURVEY NO. 7] TOTAL AREA IN] AREA WHICH TS] SOUNDARIES HISEA NO, HECTARES =| SUBJECT MATTER’ ARES (OF AGREEMENT [ieana =a O0= 21 ESE S.No, 168 South: 16772 17/18 0-26 00 = 5 er 1 Neven: 170, ies wes ast 68/8 South: 16/6 West: 167/4 and 19783 [Non 1654} [SURVEY NOU] TOTAL AREX IN AREA WHICH 1S) BOUNDARIES Issa no, wectanes =| SUMECT MATTER ARES OF AGREEMENT 7d =a 00 = 16.80 Ease South: 237/5 West: 23772 Nort; 23816 2578 = 2 0 = 1680 Fast Nala south: 37/5 west: 23773 Newth: 230/6 East: 37/5, South: 23715 West Nata _|mort23771 ast, Nala Souths) 25776 8 and 237/68, ‘West | Nala and 37) DIRE =a BB =a w=40orasemon ea Ti mie sent We Noa 257A 212, 273, [pis Bi io= 8 wis East: 7A South 23177 ‘wes Nata ont 2575, 2 w= act Nae Smute 357, 2237/2, 23773 & 237}te Wert ala own 2385 _| SIGNED AND DELIVERED bythe) vithimamed Pay of te Fist Fat) M/S NAVRANG CONSTRUCTIONS by) the hands of as Parnes, > . Sin smaoHAUNONNRINETG!) fra Co we tsa sieonn@TG ) | Aanioed, SHRI RAIEEY SHRADHANAND TYAGE ) © Monks k Sandle, mi Ara )yon, Ssddheshioo ere wer Pune ur 2 MB. Fates! Maid Nps ean \™ SHED A DeLWERCD by ihe tram Paty ofthe So Pot) WyaAAveANG Devore > bythe hand otal oft Panes 9sec sauar siapinaomast | Aged, ‘SHRI RAIEEV SHRADHANAND TYAGI 2 ‘SHRI.NITIN BALRAY TYAS 3 ° ) Inthe presence of 1 mhanhas fp. Swede ge P-a}sor, siddhethion Noga or panes 2 M8 Palosctey w Mand mages taway SED NOD CREED Oye) teamed Pit eM a9 ase REALTORS AND > DEVELOPS UNITED by he hander) even Dre ) SHO MAVESH EMEA DOHA) ) Inthe presence of: 1 Nanchar Ks Bonde or Matson, cuddhestune Hest freane 2 Ma 8 he Cy DY‘SURVEY NOT HISSA NO. NER WHICH 1S SUPDECT MATTER OF AGREEMENT 167 00 = 30 w= 30 Ea T6B, Hea Nowa and's| South: 16774 West Nala Novth: 16772, fier 00= 30 East 168/6 and 1685 South: 167/58 ‘West: Nata Nowth: 167/3 [rea East 16878 South: 168/74 West: 367/4 North: 168 16a77% w= % East: Road and land - manendra Mad Tupe ara land Siva Divkoba Tape South: Read and 168/76 West: 167/50 and 167/38, oth: 168/6 Bm ‘o0= 1080 00 03.60 00 - 03.60 Cac eat 29773 South: 237/5 West 27/1 North: 23875 Bae wos Boats 7 South: 2375 West: Nola Noth: 297/1‘SURVEY NO. 7] TOTAL “ARER IN] AREA WHICH [BOUNDARIES HISSA No HECTARES SUBIECT MATTER OF AGREEMENT Temi ~foo= ai 167118 16815 = 36ABNEXURE = ‘SURVEY ISSA NO, NO “TOTAL ARER iN FECTARES = ARES AREA WHICH 1S SUBIECT MATTER OF AGREEMENT BIB =a o> 1680 Eat 23778 South: 23775, West: 23772 North: 238/6 TAR B= 1680 East Nota South: 2537/5, West! 2237/8 North: 238/6 [ams Dae D> 02a Enet: 237/5 South: 2375 West Nala North: 237/1 East: Nake South: 23775. and 237/60, West Nale ana 27}48 North: 237/4, 23772, 370, 237/60 DR Est. ZI776A South: 23717 West fala j Nort: 2397/5, ORR woz east: Nas South: 2377/1, 23772, 370% 237}8n ‘West Nota Noss 238/5RTM exes 2 ere ssenretie (2ss2007) play femme wae mee nace Rion Sioeige msm ton 2 oe RE a pete ee en sve ha Be mak nd Groeg be tree aun sh fren ea da (ya) sonore own PM Fn atta one saan O30 Fe ome em fei; zona 60s PH an fo en at a EY ace A arson. ond au foe rie ao ‘ sone oly sri eon Ri, wore ar geTet ee 2. TA aS. Boo Tari eee ey settee. wage Bs ach. c 2 aetehn.c8 ass