SALE DEED

THIS DEED OF ABSOLUTE SALE is made and executed on this the

Sixth Day of December Two Thousand Twenty (06-12-2020) at Bangalore

BY:-
Sri.Gherumal Mehta,
Aged 56 years,
S/o.Sri Harak Chand Mehta,
R/at. No.50,
Dr. Rajkumar Road
RajajiNagar,
Bangalore - 560010

Hereinafter referred to as “SELLER” (which expression unless repugnant

to the context shall mean and include his legal heirs, representatives,
administrators, executors, successors, assigns, etc.,) of the ONE PART

IN FAVOUR OF:-
Sri.Ghisulal Saraogi,
Aged 38 years,
S/o.Sri Heeralal Saraogi,
R/at. No. 84,
1st Main, 7th cross Vivek nagar,
Bangalore-560047

Hereinafter referred to as “PURCHASER” (which expression unless

repugnant to the context shall mean and include his legal heirs,
representatives, administrators, executors, successors, assigns, etc.,) of
the OTHER PART

WITNESSETH AS FOLLOWS:-

WHEREAS the Seller herein is the absolute owner of the

Commercial property bearing PID No.21-3-42,Situated at Austin Tower
Corporation Ward no. 115 Bangalore,560047 measuring East to West 90
feet and North to South 70 feet in all measuring 6300 Sq., which is more
fully and particularly described in the Schedule and hereinafter referred as
‘SCHEDULE PROPERTY’.
 WHEREAS the Seller represents that he got purchased the
Schedule Property under a sale deed dated 05-12-2007 from his vendor
Sri.B.N.Vishwanath, for a valuable sale consideration, which is registered
as Document No.3915/07-08, in Book-I, stored in CD No.RJND117, in the
office of the Sub-Registrar, Rajajinagar, Bangalore. Thereafter the seller
has got changed all revenue records in his name in the office of BBMP,
Bangalore.

NOW THIS SALE DEED WITNESSETH AS UNDER:-

1. That in pursuance of the said agreement and sale consideration of

Rs.1,00,02,000 (Rupees One Crore Two Thousand Only) the Purchaser
has paid the said sum of Rs.1,00,02,000 (Rupees one Crore Two
Thousand Only) as detailed hereunder;

a) Rs. 2,02,000/- (Rupees Two Lakhs and Two Thousand Only) by way of
cheque vide No.006832 dated 29.11.2020, drawn on Bank of India, Vivek
Nagar Branch, Bangalore, under the agreement of sale;

b) Rs.98,00,000/- (Rupees Ninety Eight Lakhs Only) by way of bankers

cheque vide No.124937 dated 02.12.2020, drawn on Bank of India,
VivekNagar Branch, Bangalore, before the Sub-Registrar.

2. Thus the seller hereby admits and acknowledges the receipt

of the entire sale consideration amount of Rs.1,00,02,000.00 (Rupees
One Crore two Thousand Only), in the presence of the witnesses
attesting hereunder and acquits and releases the purchaser forever of any
further payment and in consideration of the same, the seller hereby
conveys, sells, transfers, grants and assigns unto and to the use of
the Purchaser all that part and parcel of the Schedule Property free from
all encumbrances, court attachments, litigations, maintenance charges,
claims and demands whatsoever together with all the right of ways,
easements of necessity, advantages, whatsoever pertaining to or
belonged to the Schedule Property, who shall hold, possess, use and
enjoy all the rights, title, interest and privileges belonging thereto TO
HAVE TO HOLD AND TO ENJOY the Schedule Property and every part
thereof, TO AND UNTO to the Purchaser absolutely and forever.

3. The Seller hereby covenants with the Purchaser that not

withstanding any act, deed or thing hereto before done, excluded or
knowingly suffered, the seller has full power and absolute authority and
indefeasible title to sell the Schedule Property and the said property is
free from all encumbrances like maintenance charges, mortgages,
court attachments, liens and obligations whatsoever and the Purchaser
shall hereafter peacefully and actually HOLD POSSESS AND ENJOY the
Schedule Property without any claim or demands, disturbances or
interruption whatsoever from the Seller, his heirs, legal representatives,
administrators, executors and assigns etc., and the Schedule Property is
also free from all encumbrances, suits, proceedings, costs, claims and
demands.

4. The Seller further covenants that he shall at his own cost and
request of the Purchaser, do or execute or cause to be done or execute all
such lawful acts, deeds, deeds of further assurances, confirmation
deeds, rectification deeds and other things whatsoever for further and
more perfectly and more fully conveying and assuring ownership and
possession of the Schedule Property and every part thereof, in the
manner aforesaid according to the true meaning and intent of this deed.

5. The Seller further covenants with the Purchaser that he being the
absolute owner and having acquired the schedule property out of his
own funds is fully seized and possessed of and has the right to sell
the same in favour of the Purchaser and further there are no
acquisition or legal or departmental proceedings against the
Schedule Property and he has not entered into any agreement to sell
or memorandum of understandings or any other deed in respect of
the Schedule Property or portions thereof with any third party, except in
favour of the seller herein and the Seller hereby agrees to indemnify
and keep indemnified the Purchaser from or against any losses the
Purchaser may suffer consequent upon breach of covenants by the Seller.

6. The Seller hereby assures and covenants with the Purchaser that
there are no encumbrances or any settlements, Will, charge, liens,
mortgages, attachments, maintenance charges, either by agreement,
court order or decree, pending or threatened legal proceedings or land
acquisition proceedings or notifications of any kind or any of the security
or claims on the Schedule Property that may in any manner derogate
from the full and absolute ownership of property hereby conveyed and the
Seller hereby specifically agrees to defend at his own cost or enable
the Purchaser to defend at the cost of the Seller and also compensate the
Purchaser in case he is exposed to losses and claims. In the event of
whole or any part of the Schedule Property is being lost to the Purchaser
or he is exposed to losses and claims, on account of any claim made
hereto by the Seller or his heirs, legal representatives and other persons
claiming under him, the Seller shall compensate the Purchaser for such
losses and consequential losses together with all the expenses and costs
of litigation, if any, which the Purchaser may incur in protecting his title to
the Schedule Property.

7. The Seller has paid up to date taxes and other cesses in respect of
the Schedule Property to BBMP and the Purchaser can pay the same here
afterwards. The Seller has no objections for transfer of Khatha in the
name of the Purchaser and has assured the Purchaser that he will extend
all cooperation in getting the Khatha of the Schedule Property transferred
in his name.

8. The Seller has this day delivered to the Purchaser the following
documents in respect to the schedule property to the purchaser for his
future reference and needful;
 a) Sale deed dated 15.01.1997 7 executed by BDA in favour of
B.N.Vishwanath
b) Khatha certificate in the name of Sri.B.N.Vishwanath,
c) Khatha extract in the name of Sri.B.N.Vishwanath
d) Tax paid receipt in the name of Sri.B.N.Vishwanath
e) Sale deed dated 05.12.07 executed in favour of seller
f) Khatha certificate in the name of Sri.Gherumal Mehta,
g) Khatha extract in the name of Sri.Gherumal Mehta
h) Tax paid receipt in the name of Sri.Gherumal Mehta

9. The purchaser at his cost has taken out paper publications in The
Hindu English Daily News paper and Udayavani Kannada Daily News
paper notifying the general public about his intention to purchase the
schedule property and as on date the purchaser or his advocate have not
received any objections or claims for the sale transaction.

10. The Purchaser can have hold, enjoy, possess the same as absolute
owner thereof for ever. The seller has also issued attornment letters to
the tenants informing about the sale transaction in favour of the
purchaser.

11. That the Purchaser has borne the necessary stamp duty,
registration charges and other expenses towards getting the sale deed
registered in his name.

SCHEDULE PROPERTY

All the part and parcel of the residential property bearing PID
No.21-3-42,Situated at Austin Tower Corporation Ward no. 115
Bangalore,560047 measuring East to West 90 feet and North to South 70
feet in all measuring 6300 Sq. and bounded on the:
East by : Property belonging to Sri Ranganna,
West by : Property belonging to Sri Anjanaya,
North by : Road,
South by : Property belonging to Sri Gurumurthy

The ground floor portion of the building was constructed about 16

years back and the additional building on the upper floors is constructed
in the year 2003 and the flooring is of mosaic with RCC Roof, windows
and doors are of jungle wood and aluminum frames and the building is
provided with electricity and water connections. The schedule property is
situated in a cross road away from prominent places.

IN WITNESS WHEREOF the Seller and Purchaser have signed this

Deed of Sale on the day, month and year first above mentioned.

WITNESSES:-

1.

SELLER

2.

PURCHASER