Building
Relationships
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bate: 268 Fabra 205,
Me Mant tombupasad Nathan
Phase-6, Thane — 400807, Maharashtra, ni
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‘TOKEN RECEIPT AGREEMENT
"netomat ri BS saree f ONT weno
theyre estan ond.
‘A company Registered under the Cormpanie At, 1955 and having its registered office at
2nd oor, Seta Pea, No.1, Commissariat Rad
‘Bengaion - S60025
LET, PAN: AABCESE9ER
NR, ERENEZER DEVASAHAYAM/MR FEROZ SHAH
Metenater, refered to ae the “FIRST PARTY (which exgresion shal, unless
reougnant to the meaning oF contest thereat, be deemed to mean and indude ts
_siccssos and permits assigns) ofthe ONE PART
4n, MANISH SHAMBUPRASAD NAITHAN, Age -¢8 yoors, Occupation ~
Business Service,
Jat RH, Pot S7, Anmal Sey, Srahmand Phaze, Thane ~ 400607, Ma
Herenaer calecively reared to af the “SECOND PARTY" (ach expression stall,
meri successor and permitted assign), ofthe OTMER PART.
“The FIRST PARTY and the SECOND PARTY are herinaer calctvely referred to a5
"PARTEES” forte sks of convenience
(1) WAEREAS the FIRST PARTY hs entered ito an arangoment/agreemant withthe ands
fwners of all thet piece and parcels of Non-Ageeutua (Touran Development Zone)
Pos/Land/s Iced at Village Walewad, Taluka Sawantwad, Ostet Sihudury, State
anarstr, (hereinafter refered to 35 Project Land) forsale of sid projet Inds ond
‘urter th Fret Porty has been authorize e/apponted by the respective Land/s Owners to
dest wit the said Project ands and ener into Agraements wit prospective purchasers or
sale of sid Project ls in pars or at = whole and also rcoveconsieration and ise
recap for the same,
(2) WHEREAS pursvant tothe above, the Fst Party has proposed to subdivide the sad
Project Lands into smaller ares having motorabe roads, our comer stone demarcation,
fencing ofthe ene prset, securty unl handover and de fact management pst hand
ver. (Project Deliverables) and the First Party has ofeed tothe Second Party to alot
21780 Sa, Fe of lends in the eld Project lane, he Fest Paty Ras nared the aid Project.
anys 9s “bxpat-carnival
(2) WHEREAS the Second Panty being sted Nmzaerelf about he ght and interest
ofthe Fst Party with regard to th sad Proect land/= and hereater has requested the
Fst Party to alot Non-Agrelturl (Tours Development Zone) Lands Bearing No.AX0
[Aven ad measuring about 21,780 Sq. PE approx. lnlsve of rod) Inthe ssi project
Lands (brsinate refered to 9 the SCHEDULE PROPERTY) and the Ft Pry has
grec to allot te Schedule Property (the exact descrstion of the Schedule Property shall
be provide tothe Second Party after the demarcation process is completed and ater the
Second Forty aing 70% of Sale Consiaeration to the Pst Pary or entering lato Sale
ne) fra Sale Conscerton of Rs.10,20,000/- (Rupees Ten Lakh Twenty Thousand
Cony) on te terms ane condtons dete hereinafter
. ee DepNOW IT 15 HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS
1. The Fst Party shal allot the Schedule Property i favour ofthe Second Party sujet to
the Second Party pay tothe Fist Far sum of Re10;20,000/- (Rupees Ten Lakh
‘Twenty Thousand Only) & detailed In the Booking Confirmation towards Sale
Consideration
2. The Second Party undertakes to mke all payments due as per BCF and by may of
‘cheque / 80 / Crit Card / ECS / Wie Traafr (no cash payments wil be accpie). Al
payments tobe drawn in favour ef EXPAT PROJECTS AND DEVELOPMENT PVT, LTD"
2. Me Fist Ponty has receved! amount of RS.382,500/~ (Rupees Three Lakh Eighty
‘Two Thousand Five Hundred Only) tars bookingfreervaton with respect to te
Schedule Property as deta in Annexure Tf ful payments received then Buse no 4
5.86 are nt epplabe
4. a) The Second Party hereby agrees to pay me balance Sole Consideration of
'6/37/500/- (Rupees Six Lakh Thirty Seven Thousand Five Mundred Only) 3s
‘etd n Annexure.
b) Te cacunty cheques receiv if any by he Fst Pry i ete In Annexure TH.
5. in the instances where the Second Party has mandated payment of remaining
ceauen/yinants for now avalnblty of funds or ds-tonor 6 the choques/mandoted
povment by the Second Party or she Bank, Inthe frat instance, the Fest Party wl
Impose a penaly of Rs.3,000/-(Rupess Che Thousand Only towards bank charges nthe
‘event the amount I at deposed within 15 days the security chegue/s which had been
Issued bythe Second Panty atte tme ef booking the Schedule Property wil bo proses
nd the sore ets de honore, then the Fst Party shal flow th procedures deta in
16 Inthe event of as-nonorea chequas/slay In paymentynon-payment,inudng ECS
mandated payments, te flowing pty shall ppt:
‘Default Tenure | Charges Applicable
‘uring iat Mth | Bounce cheque args spl. Na Trterest charged
The prevailing Prine Lending Rate of Sai + 1% on the
‘utrandng emeunt remaining tobe pad
The prevaiing Prine tending Rate of S61 + 1% on the
utstanding amount remaining to be pa
“The enact wi be Terminstad (Bekng Gnas) and He
Scredule Property wil be open fr ras. Canealiston Fee and
egining of 2a Month
Noe
aNote: The Second Paty shal issue two weeks prior writer/emal intimation If any delay in
payments expect (to avd cheque bounce es)
17. a} The Second arty shall cancel the beokingreseration only though writen
ommuniation, In the evant the Second Pary cancls the booking/tesenaton of the
‘Schedule Poverty within 20 days rm te Ge ofthe bookingretereation af the Schedule
Property, the Fst Party shall refund fl ameunt paid within 30 days fram the date of
writen intimation recived by the Second Pry
1b) Farther, the Second Party cancels the Booking/eservation vide a writen request post
30 days om the date of booking/reervton, the Fst Party shall refund_the aount pd
by the Second Party bl the date of cancellation afer deducting sum of Rs-30,000/- OR
‘5% of the ttl paid amount (hchever is Nhe) tonads tarmintion/aminstratie Tes,
“Te etund wl be processed sar the Schedule Property Is resold. Entire amount (ess
anclation fs), wil be paid out to the Sacond Party within 30 days ofthe Resale dat’
Le he date when fll Down Payment AMounE Is creed to the Ft Party acount bythe
new Customer for the same Schedule Property. Upon such resale ofthe Schedule Propet,
the Second Paty stall have no ight, te and interest over tho so Schedule Propet:
8, 1 denies tat Ifthe Second Party cancels one Schedule Property out of other
propecite, then te cenceiten charges shal apy 35 mensoned above ony for such
aed property
9, The Fret Party wil complete te sb project wehin 48 months fram the date of
booking/erervation. Ife Fat Party ls not able to completa the reject within specad
time menonad above, then the Fiat
{6(s) months to complet the projet.
Ay shat be permitted a reasonabe extension of
40. (a) The Portes agree that Ifthe Second party flected all ther payments on time 3F
sould inthis Agresment and Iter 9 ly In registration of he Schedule Property
by the Fist Pary beyond te extend petod, then the Fst Party undertakes to pay
Interest on the Ssle Consideration paid by the Second Fart, tithe completion of the
registration a the prevaling pre landing rate of Iterest ps an actions! 2% surcharge
(08 refund the Sale Consideration received from the Second Party topeter with the
revalng prime lending rate of interest, plus an adceanal 2% surcharge within 90 days
‘rom the date ofthe intimation of cancelation by the Secon part tothe Fst party
(0). The Second Paty can op for slotment of land in any of te properties developed by
{he Fst arty ors nominees in he ame / sia eat / vty having the equivalent
‘monetary value ofthe Schedule Propet to be alloted under this Agreement, with is prior
js one
, Q Ve hp11, The Second Paty agree to pay property ta, maltorance charge, ter tn, leis
cess and others that may be payable as per Government rus and regulations fom the
dst titimation for ale sant bythe Fs Party fr registering the Schedule Property
12 The Second Party agrees to payDear any new taxes estes, charges, et, Introduced
bythe Goverment andr lea autos, apart rom bearing any increased coslcharges,
ragitraton charoe/s, appeable stamp duty, inedental expenses, any def stamp duty
nd all eter charges and expenses with rerpet tothe Schedule Property. THe Fst Party
shall inform inmate the above charges and expenses te the Second Paty atthe tine of
execution of Agreement of SaleSale Deed
131 epocfelysgred between the partes thatthe alotmant ofthe Schedule Property
Is sublet to the oblations as may detailed in Ue TRA J Agreement of Sala. The Agreement
‘of Sale and Sale Deed shal be in standard format and the Second Party agrees tothe sad
standard format and to sgn as nd when akos by te First Paty
14. The Second Paty shall have no obacon uhatzover te handover the common ae35
(reads 0 the Fe Party te maintain the same ether therslvs/by forming = ciety or by
ppointing » separate Faclity Management Service and thatthe Second Party hasfhave
ven specie consent to this undertaking and has/have aso agreed to pay tho Second
:A's share of emnman maintenance expenses/enarges to the Fst Paty a tothe Faciy
Management Service appointed fr common maintenance bythe Fst Party.
15. The Second Party egrets tat an Agreement of Sale (AOS) wth respect tothe Schedule
Property, wil be entere into, on recite he 70% of he total Sale Consideration. Further
te Sale Deed shall be execited pursuant t, on receipt of 100% of the ttl Sale
Consideration fom the Second Paty
16. The Scand Paty agrees to pay 2 minimum sum of Rs:20,000/ for every eystraon
‘onardsialzon, administration expenses and egal charges tothe First Party, two weeks
orto the registration.
17. the Sacond Poty agrees that in case a Power of Atomey (POR) forthe purpose of
agitating the sale dead I aquired tobe executed and registered, necessary charges 25
appleabe shall be levied onthe Second Party. Tho charges may vary fom Rs.10,000/- to
's.20,000/- per document, depending onthe state and exact requirement.
18, The Second Party shal be solely responsible for compliance of relevent fs snd
fuming sich requste documents as necessary forthe Wansaction/s under the prevating
law and the Fist Paty does not make any representations or guarantee about the
campince of foresald condition wherever spplabe
19. The Second Party agrees that all site vist wl be charged, maximum of our pele
fn be accommodated on @ ste stand I 1s mandatory to send a se vist request one
« fears tert
\ WrAA
y oanweek prior tothe srosoue site ist Howaver, no eetriion/s on Seraranged ste vst
sal be imposed.
20. The Tentatne/roposd layout plan has bn seen by the Second Party and ages that
the. Fst Paty may effect any varetons/ alterations) modMetion ec. es deems fk oF
appropriate andthe Second Paty hereby sees her eansent to such aration edtionsy
‘trations! medeaons ee
21, tm the event of any change in dimensions/measirement of the Schedule Propet,
‘cordingly the cost of the Senedle Froperty Is also subject o change and eny dierence
‘mount shall be bore by the Second Paty. Lkewse f the Schedule Popety sie
reduced han the diference mane shall be refunded.
22, The Second Pty shall bar the cost of any adtloal applicable and usage conversion
‘ages ad cos of obtaining any post registration documents Ike the kata, 7/12 extra,
ta, btterment cherges, development charges and ether statuary charges in respact of
the Schedule Property, stall alsa be bore by the Second Party, a specified by the Fist
Pony.
23, The Second Party scknowedges that they rele on his/her own judgment end
Investigation in deciding to raqust for resrvtion/baking ofthe Schedule Property and
at influenced by any reprasentaton whatsoever made by the Fist Paty of their
representatives. However, the Fest Party wil extn all possible cooperation and
‘sssitance to enable the Second Paty to mutate the land/s records subject to payment of
necessary charges including all Icdenal expense.
24, Any and al isptes or dferencesarng out of or in connection wit tis Agreement
shal be sited in accordance with the Indian Abiraion Act 1996. The lanquage of the
rotation sabe a English. The venue of the abtratin shal be Banga, Ini.
25, Inthe event of soy confor inconsistency between the tors and conitions ofthis
Agreement and the trms and condone inthe Beaking Cofmation Appleton Form or
ny ether document rior to this Agreement, the terms end candons ofthis Agrernt
For Bt Pes ene PL
Nese{IN WITNESS THEREOF, the Parties to this Agreement havo caused these presents
tobe executed as ofthe day and year fist above writen
Slonad on beta of ne Fst Party
xP ar PRODECTS AND DEVELOPMENT PVE LTD,
‘Signed and Delivered by the Second PartyPayments Due
IRAs
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