DEVELOPMENT AGREEMENT

ARTICLES OF AGREEMENT is made and entered into at

VIRAR, on this ____ day of ___________ in the Christian year Two
Thousand Twenty Two BETWEEN M/s. TOPAZ
CONSTRUCTION, a partnership firm, represented by its partners 1)
JAGDISH YASHWANT NAIK 2) PARSHURAM KASHINATH
NAIK 3) VINAYAK YASHWANT NAIK 4) NARESH
DAMODAR VAZE, having its office at A/06, First floor, Shaw
Tulip, St. Depot Road, Nallasopara (West), Taluka Vasai, District
Palghar, PAN No. AADFT9530H) hereinafter called "THE
VENDOR” (which expression shall unless it be repugnant to the
context or meaning thereof be deemed to include the partner or
partners for the time being of the said firm, their survivor or survivors
or the heirs, executors, administrators and assigns of the other
partners) of the FIRST PART:-

A N D

M/s. NAVDURGA CONSTRUCTION, a partnership firm,

represented by its partners 1) SACHIN VISHNU MHATRE 2)
PRATIBHA PRADEEP NAIK, having its office at House No. 500,
Baban Smruti, Gass Wadi, Nallasopara (West), Taluka Vasai,
District Palghar PAN NO. _____________, hereinafter called "THE
DEVELOPER" (which expression shall unless it be repugnant to the
context or meaning thereof be deemed to include the partner or
partners for the time being of the said firm, their survivor or survivors
or the heirs, executors, administrators and assigns of the other
partners) of the SECOND PART :-
 2

WHEREAS:

a) Mr. Kalu Rama Vaze was the owner of the land bearing
Survey No. 205 (old Survey No 203), Hissa No. 1, admeasuring H.R.
0-17-2, assessed at Rs.1.69 Paise, Survey No. 205 (old Survey No
203), Hissa No. 7, admeasuring H.R. 0-07-6 assessed at Rs.0.72 Paise,
lying being and situate at Village Nilemore Taluka Vasai District
Palghar within the area of Sub-Registrar at Vasai No. 1 to 6 more
particularly described in the First schedule hereunder written.

b) Kalu Rama Vaze died intestate leaving behind him Mr.

Damodar Nana Vaze being the legal heir.

c) Damodar Nana Vaze died intestate on 01/03/2013, leaving

behind him 1) Smt. Garibai Damodar Vaze 2) Mr. Prabhakar
Damodar Vaze 3) Mr. Pandurang Damodar Vaze 4) Mr. Anant
Damodar Vaze 5) Mr. Naresh Damodar Vaze being the legal heirs.

d) The Vasai Virar City Municipal Corporation have granted the

Revised Development Permission and Amalgamation permission for
proposed Residential with Shopline Buildings on the said land
alongwith other land vide Order bearing No. VVCMC/TP/RDP/VP-
111/0200/2012-13, dated 22/02/2013.

e) By an Conveyance Deed dated 08/05/2014 and registered in

the office of Sub-Registrar at Vasai No. 4 (Nallasopara) under Serial
No. 2711/2014 dated 08/05/2014 1) Garibai Damodar Vaze 2)
Prabhakar Damodar Vaze 3) Pandurang Damodar Vaze 4) Anant
Damodar Vaze 5) Naresh Damodar Vaze have sold and conveyed the
said land to M/s. Sai Leena Developers, a partnership firm through
its Partner Mr. Anil Ramchandra Gupta.
 3

f) In consideration of the aforesaid conveyance deed the Purchaser

has allotted the FSI admeasuring 33000 Sq.ft. to 1) Garibai
Damodar Vaze 2) Prabhakar Damodar Vaze 3) Pandurang Damodar
Vaze 4) Anant Damodar Vaze 5) Naresh Damodar Vaze and
accordingly by an Development Agreement dated 8th May 2014 and
registered in the office of Sub-Registrar at Vasai No. 4 (Nallasopara)
under Serial No. 2712-2014 dated 08/05/2014 M/s. Sai Leena
Developers, a partnership firm through its Partner Anil Ramchandra
Gupta (therein called "The Owners") of the First Part and 1) Garibai
Damodar Vaze 2) Prabhakar Damodar Vaze 3) Pandurang Damodar
Vaze 4) Anant Damodar Vaze 5) Naresh Damodar Vaze (therein
called "The Developers") of the Second Part, the said M/s. Sai Leena
Developers, a partnership firm through its Partner Anil Ramchandra
Gupta had granted the development right in respect of the said FSI
admeasuring 33000 Square feet Residential with Shopline Building
No. 3, Sector II, A & B wing consisting of G + 7 storey building
(which F.SI.. includes Staircase Balcony area) together with right to
use the garden and right of way over the roads and other common
facilities and the land thereunder out of total F.S.I. approved by the
VVCMC in the said land to 1) Garibai Damodar Vaze 2) Prabhakar
Damodar Vaze 3) Pandurang Damodar Vaze 4) Anant Damodar
Vaze 5) Naresh Damodar Vaze on the terms and conditions
mentioned in the said Agreement.

g) M/s. Sai Leena Developers a partnership firm through its

Partner Anil Ramchandra Gupta had executed a Power of Attorney
dated 08/05/2014 which was registered in the office of Sub-Registrar
at Vasai No. 4 (Nallasopara) under Serial No. 2713-2014, dated
08/05/2014 in favour of 1) Garibai Damodar Vaze 2) Prabhakar
Damodar Vaze 3) Pandurang Damodar Vaze 4) Anant Damodar
Vaze 5) Naresh Damodar Vaze No. 5 for himself and P.O.A. holder
for 1 to 4 Naresh Damodar Vaze with a right to develop the said
land.
 4

h) There was a mistake in the aforesaid Agreement and instead of

Building No. 3 (wing A & B) in Phase II in Sector II, the Building No.
3, Sector III was wrongly mentioned and therefore by Rectification
Deed dated 18th November 2014 and registered in the office of Sub-
Registrar at Vasai No. 4 (Nallasopara) under Serial No. 5785-2014,
dated 19/11/2014, the said mistake has been rectified.

i) The land bearing Survey No. 205 Hissa No. 1, 7 alongwith

Survey No. 205 Hissa No. 6 has been amalgamated and converted into
N.A. by the Office of Collector Palghar vide Order bearing No.
REV/D-1/T-9/NAP/NILEMORE-VASAI/SR-128/2014, dated
20/03/2015.

j) By an Development Agreement dated 13/09/2019 and

registered in the office of Sub-Registrar at Vasai No.4, under Serial
No. 6893/2019, dated 13/09/2019, executed by and between 1)
Prabhakar Damodar Vaze 2) Pandurang Damodar Vaze 3) Anant
Damodar Vaze 4) Naresh Damodar Vaze (therein called "The
Owners") of the First Part and M/s. TOPAZ HOMES (therein called
"The Developer") of the Other Part the said Prabhakar Damodar Vaze
and others have granted the development rights in respect of the said
FSI admeasuring 33000 Sq.ft. Residential with Shopline Building
No. 3, Sector II, A & B wing consisting of G + 7 storey building
(which F.S.I. includes Staircase Balcony area) together with right to
use the garden and right of way over the roads and other common
facilities and the land thereunder out of total F.S.I. approved by the
VVCMC in the said land to M/s. Topaz Homes on the terms and
conditions mentioned in the said agreement.

k) M/s. Topaz Homes has constructed a building upto 7th floor and
has sold the flats to various purchasers and after completion of the
building M/s Topaz Homes has obtained the occupation certificate
upto 7th floor of the building.
 5

l) In consideration of the aforesaid development agreement dated

13/09/2019 M/s. Topaz Homes has allotted 33% constructed area in
kind of flats/shops to 1) Prabhakar Damodar Vaze 2) Pandurang
Damodar Vaze 3) Anant Damodar Vaze 4) Naresh Damodar Vaze in
the said building.

m) Anil R. Gupta the partner of M/s Sai Leena has obtained the
consolidated Revised Development Permission including the said land
for the residential with shopline buildings, educational PS,
Educational building HS-1 and HS-2, M and SC, Hospital and Nursing
Home and Educational building on the said land vide order bearing
No. VVCMC/RDP/VP-0111/170/2021-22, dated 14/06/2021.

n) By an Agreement for sale dated 31/03/2022 and registered in

the office of Sub-Registrar at Vasai No.3, under Serial No.
9737/2022, dated 08/08/2022, executed by and between M/s. Sai
Leena Developers (therein called "The Vendor") of the First Part
And M/s. Topaz Construction (therein called "The Purchaser") of the
Second Part And Mr. Anil Ramchandra Gupta (therein called "The
Confirming Party") of the Third Part, the said M/s Sai Leena
Developer has sold the FSI admeasuring 796.15 Sq.metres (Built up
area) (excluding Fire staircase, society office, meter room, refugee
area, stilt architecture projection, elevation projections, fitness centre
entrance lobby) in wing A on Building 3 consisting of 8th to 12th
upper floor in sector No.II Phase II and FSI area admeasuring 526.94
Sq.metre Built up area total admeasuring 1323.09 Square metres
(excluding fire staircase, society office, meter room, refugee area,
stilt, architecture projection, elevations projections, fitness centre
entrance lobby) in wing B on building No.3 consisting of 8th to 12th
upper floor in sector No.II Phase II (as per revised amendment plan)
to M/s. Topaz Construction on the terms and conditions mentioned
in the said agreement.
 6

o) The said Mr. Anil Ramchandra Gupta partner of M/s. Sai

Leena Developers has executed a Power of Attorney dated 08/06/2022
which was registered in the office of Sub-Registrar at Vasai No. 3
under Serial No. 9740/2022, dated 08/06/2022 in favour of M/s.
Topaz Construction represented by its partners 1) Jagdish Yashwant
Naik 2) Parshuram Kashinath Naik 3) Vinayak Yashwant Naik 4)
Naresh Damodar Vaze with a right to develop the said land.

p) The Vendor is desirous to construct the 8th to 12th floor by

utilising the said FSI on Building No.3 however on account of their
pre-occupation it is not possible for the Vendor to develop the same.

q) The Developer is the professional Builder and is well

conversant with the building construction.

r) The Vendor has agreed to allow the Developer to utilise the said
FSI by constructing 8th to 12th floor on the existing building No.3
more particularly described in the Second schedule hereunder written
and the Developer has agreed to acquire from the Vendor.

s) The Vendor has agreed to grant to the Developer the right to

construct the 8th to 12 floor by utilising the FSI admeasuring
1323.09 Square metres and the Developer has agreed to acquire the
same for the consideration and upon the terms and conditions
hereinafter contained.

NOW, THEREFORE, THIS AGREEMENT WITNESSETH

AND IT IS HEREBY AGREED BY AND BETWEEN THE
PARTIES HERETO AS UNDER :-
 7

1) The Vendor shall allow the Developer to utilise the FSI

admeasuring 796.15 Sq.metres (Built up area) of Wing A and FSI
area admeasuring 526.94 Sq. metre Built up area of wing B total
admeasuring 1323.09 Square metres (Built up area) on Building
No.3 in sector No.II Phase II (excluding Fire staircase, society office,
meter room, refugee area, stilt architecture projection, elevation
projections, fitness centre entrance lobby) as per revised
amendment plan by constructing the 8th to 12th floors (hereinafter
called the said floors) of the building/s as per the plan approved by
the Vasai Virar City Municipal Corporation.

2) In consideration of the rights hereby granted to the Developer

to construct the said floors as above, the Developer shall allot to the
Vendor on ownership basis 50% built up constructed area in kind of
Flats equally on all floors or as may be mutually agreed between the
parties including the proportionate still parking area in the building/s
to be constructed on the said land (more particularly mentioned in the
Annexure 'A' annexed to this agreement) and shall execute separate
agreements in favour of the Vendor as its respective share or its
nominee or nominees and/or any person or persons appointed by the
Vendor.

3) The Developer has agreed to pay the Vendor the amount of

Rs.45,00,000/- (Rupees Forty Five Lakhs only) as a security deposit
out of which the Developer has paid to the Vendor the amount of
Rs.25,00,000/- (Rupees Twenty Five Lakh only) on the day of
execution of this agreement (the payment and receipt whereof the
Vendor doth hereby admit and acknowledge and acquit release and
discharge the Developer from the same and every part thereof) and the
balance amount of Rs.20,00,000/- (Rupees Twenty Lakh only) to be
paid to the Vendor within One Month from the date of execution of
this agreement and accordingly the Developer has issued post dated
cheques more particularly mentioned in Annexure annexed
herewith.
 8

4) The Developer shall provide the same amenities which will be

provided in the other flats of the building including electric meter
water connection etc., etc., and shall handover fully constructed flats
to the Vendor with lock and key.

5) The Developer shall make and execute the agreement for

allotment of flats in the name of Vendor or in the name of its nominee
or nominees or any person or persons appointed by the Vendor. The
Vendor shall pay the stamp duty and registration charges in respect of
the said agreements and further the Vendor shall bear and pay the
proportionate society formation and registration charges at its own
costs and expenses.

6) The Developer shall give the possession of the flats to be

allotted to the Vendor herein within Two (2) years from the date of
Commencement of the construction work of the said floors . In case
the Developer unable to complete the construction work of the said
floors within the period of two years then in that event the Vendor
shall give the grace period of six months and thereafter if the
developer unable to complete the construction work of all the floors
then in that event the Developer shall be liable and/or responsible to
pay the penalty at the rate of Rs. 1,000/- per month till the Developer
complete the construction of the said floors.

7) M/s Sai Leena Developers has obtained the revised

development permission from Vasai Virar City Municipal Corporation
upto 12th floors and has paid the development charges scrutiny fee
etc., to Vasai Virar City Municipal Corporation. The Developer shall
not be liable and/or responsible to pay any charges to Vasai Virar City
Municipal Corporation save and except the proportionate water
connection charges and the building completion (occupation) charges.
 9

8) The Vendor doth hereby agree and undertake to execute all

further and other deeds, documents, writings and assurances and also
to give full co-operation to the Developer for the purpose of obtaining
necessary permission, if required in respect of the said floors and
further agree to execute all applications, affidavits, undertaking,
Indemnity Bond etc., and/or any other documents for obtaining
necessary permissions, if so required.

9) The Vendor declare that no notice from the Vasai Virar City
Municipal Corporation, Government or any body or authority or under
the Epidemic Diseases Act or the land acquisition Act or Maharashtra
Regional and Town planning Act, Maharashtra Land Revenue Code
1966 or the Government ordinance, order or notification including any
notice for acquisition or requisition of the said land or any part thereof
have been issued or served upon the Vendor or any part thereof
including in any intended or published scheme for improvement of
any public body or authority.

10) The Vendor declare that the said floors to be constructed on the
Building No.3 Wing A and B on the said land, hereditaments and
premises agreed to be developed are free from all encumbrances and is
not subject to lispendens or attachments either before or after a
judgments and if any encumbrances are found existing the same shall
be cleared by the Vendor at its own costs and expenses before the
expiry of the time for the completion of the sale hereinbefore
provided.

11) The Vendor further declare that there is at present no

outstanding notice or other order or intimation issued by the
Government or the Vasai Virar City Municipal corporation or any
other public body or authority in respect of any acquisition or
requisition of the said land or any part thereof. However if any such
notice is found to be outstanding the same shall be cleared by the
vendor forthwith at its own cost and expenses.
 10

12) The Vendor shall within three months from the date hereof pay
all outstanding estates and taxes, if any and clear all the defects in the
title, encumbrances and claim to the said land or said floors including
all claims by way of sale, exchange, mortgage, gift, trust, inheritance,
lease, lien, easement or otherwise and make out the marketable title
free from all encumbrances.

13) The Developer herein has agreed to pay all the government
and/or Vasai Virar City Municipal corporation taxes or payment
regarding the land or building/s to be constructed on the said land at its
own costs and expenses and the Vendor shall not liable and/or
responsible for the same.

14) The Vendor has appointed SANAT MEHTA AND

ASSOCIATES as its Architect and structural consultant ________
for construction of the building upto 7th floors and the Developer shall
continue the services the same architect and structural consultant and
supervising the construction work for completion of the said floors
and shall bear and pay their fees to the architect and structural
consultant. The Developer shall not change and/or appoint another
architect and structural consultant .

15) On execution of the said Development Agreement the Vendor

has permitted the Developer to enter upon the said land as licensee
with right to :-

a) To apply for and obtain in the name of Vendor building/s

completion certificate.

b) To put up and/or erect sign boards upon the said land as also
issue advertisements including the advertisements in newspapers as
may be deemed fit by the Developer announcing the construction of
the said building/s by them on the said land and the sale of the
 11

tenements on ownership basis (save and except the flats allotted to the
Vendor).

c) To continue to carry on and complete the construction of

building/s on the said land by themselves or through any building
contractor/s, sub-contractor/s or any other agent/s entirely at risk and
cost of Developer.

d) To sale in the name of the Developer or its nominee or

nominees or any other person appointed by the Developer on
ownership basis the flats and premises and any other rights and
privileges to be constructed in the said building to the persons of its
choice excluding the 50% constructed area in kind of flats tobe
allotted to the Vendor.

e) To enter into its own name agreement for sale of flats and
premises to receive from such purchasers the sale price of such flats
and premises and to appropriate the same to itself.

16) The Developer hereby covenant with the Vendor that the
Developer shall carry out and complete the entire development as
aforesaid of the said floors in accordance with the terms and
conditions contained herein and as per the building/s plans sanctioned
by Vasai Virar City Municipal Corporation and as per the prevailing
Development Control Rules and Regulations and shall indemnify and
keep the Vendor indemnified against all costs of the said work as also
all the losses that may be caused on account of any illegal actions of
the Developer.

17) The Developer shall be solely liable and responsible to

discharge the obligations under the Provisions of Maharashtra
Ownership Flats (Regulation of the Promotion of Construction Sale
Management and Transfer) Act 1963 and the Maharashtra Co-
operative Societies Act 1960 with rules made there under and under
 12

the agreements that may be entered into for sale of flats and premises
and including the obligation to construct the flats and premises and
also sale thereof and will do all acts, deeds, matters and things as may
be entered into by the Developer with the Vendor of the flats and
premises.

18) In erection and completion of the said building/s the Developer

shall do all acts and things required and carry out the construction
work complying in all respects with the provisions of the statutes
applicable thereto and in accordance with the Development Control
Rules and Regulations of the Vasai Virar City Municipal Corporation
or any other authority or body and shall keep the Vendor indemnified
against all demands and claims in respect of the fees charges, fines,
penalties that the Vendor may be required to incur in connection with
the construction of the said floors and other payments whatsoever
which during the progress of work may become payable or may be
demanded by the authorities in respect of the said floors of the
building/s or works or anything done in pursuance of these presents
and generally from time to time shall discharge and pay all claims and
outgoings chargeable in respect of the said floors of the building/s to
be constructed thereon from the date of execution of these presents
onwards.

19) The Developer shall not make any changes or variation in the
plan approved by Vasai Virar City Municipal Corporation further the
Developer shall not make any illegal construction by constructing
illegal flats or floors. However if any changes or variation in the plan
or illegal construction, if found to the Vendor, the Vendor shall have a
right to stop the construction work till the change or variation is clear
by the Developer and further if any action is initiated by Vasai Virar
City Municipal Corporation as a result of change or variation in the
plan or illegal construction, the Developer alone shall be liable and/or
responsible and any penalty is charged by Vasai Virar City Municipal
Corporation the Developer shall be liable to pay the said penalty.
 13

20) The Developer has agreed to provide to the Vendor, a stage

wise certificate from the Architect hereto, certifying therein the
amount of work completed by the Developer on the said property and
that the work completed is strictly in accordance with the approved
plans.

21) The Vendor has installed two Lifts for A and B wing upto 7th
floors the capacity of the said Lifts shall be increased by the Developer
upto 12th floors and in addition to that the Developer shall install
another two Lifts upto 12th floors at its own cost and expenses. The
said Lifts shall be installed through reputed company who is having
experience in the installation of the Lifts.

22) The Developer shall construct two overhead water tanks of the
adequate capacity as per the design and specification provided by the
RCC Consultant/Architect of the project on the 12th floors of the said
building at its own cost and expenses.

23) Simultaneously on the execution of these presents the Vendor

shall execute a Power of attorney authorizing the Developer or its
nominees to represent the Vendor before the Vasai Virar City
Municipal Corporation, Electrical Board and all other public or private
body and to do all other legal acts, deeds, matters and things which is
authorized to do under the foregoing agreement. The said Power of
Attorney shall remain irrevocable during the subsistence of the
foregoing agreement.

24) The Vendor shall furnished to the Developer's advocate all the
title deeds of or relating to the said land for the purpose of
investigating the title of the Vendor to the said land. If the title of the
said land is found defective and/or not marketable the Vendor shall
forthwith clear the same at its own cost and expenses.
 14

25) The Developer shall indemnify and keep indemnified the

Vendor against all losses, damages, claims, actions, prejudices or
proceedings under the Government of Maharashtra, the Municipality
authorities or otherwise whosoever on account of any act or omission
on the part of the Developer its agents and servants that the Vendor
may sustain by reason of their giving various rights and authorities to
the Developer as provided herein.

26) The Developer shall be at liberty to sell the flats and premises
and other rights and privileges on ownership basis save and except the
50% constructed area tobe allotted to the Vendor with the view
ultimately that the purchaser of all such premises shall form a Co-
Operative Housing Society under the Maharashtra Co-Operative
Societies Act, 1960 or from any other organizations on their paying in
full amounts payable by them for the purchase of such flats and
premises or rights and strictly complying with all the terms and
conditions of the agreement to purchase such flats and premises or
rights and to be observed and performed by each of such purchasers.

27) The Developer hereby have no right to sell and/or grant the
development right joint venture or construction agreement in respect
of the said 8th to 12th floors and/or the part of the said floors to any
person/s, Developer or any firm as the case may be.

28) The Vendor shall through the original owner of the land M/s
Sai Leena Developers make and execute conveyance or conveyances
in favour of the Developer or its nominee or nominees as the
Developer may direct including a Co-Operative Housing society or a
limited company and the draft of such conveyance shall be prepared
by the Developer's advocate and the same will be approved by the
Vendor's advocate. The Vendor and Developer shall join as a
Confirming party in the said conveyance deed.
 15

29) This Agreement will not be treated as a partnership between the

Vendor and the Developer or an Agreement for sale of the said
property by the Vendor to the Developer. The Developer is only given
a right to develop the said property as aforesaid.

30) Any notice to be given by one party to the other party hereunder
shall be sent by the party to the other at the address set out hereinabove
or at any other address which is previously intimated to the other party
in writing. Such notice shall be deemed to be duly given if sent by
hand delivery or by courier or by Registered Post and shall be deemed
to be validy delivered if sent by hand delivery or courier on receipt of
acknowledgement and if sent by registered post on expiry of 7 days
from the date of posting.

31) All disputes and differences between the parties hereto arising
out of this agreement or in relation to the interpretation or effect of any
of the terms and conditions contained in the agreement or in relation to
the rights and obligations of the parties hereto shall be referred to
arbitration or two arbitrators, one to appointed by each party to the
dispute and such arbitration shall be held in accordance with the
provisions of Arbitration Act 1940 or any other statutory modifications
or re-enactment thereof for the time being in force except that such
Arbitrator and the umpire appointed by them shall have summary
powers and the award given by the arbitrators or the umpires shall be
final and binding on the parties hereto.

32) Save as otherwise provided hereinabove all out of pocket costs,

charges and expenses of and incidental to this agreement, expenses for
registration stamp duty etc., of conveyance and other deeds,
documents and writings to the execution of and in pursuance thereof
shall be borne and paid by the Developer.
 16

THE FIRST SCHEDULE ABOVE REFERRED TO

ALL THOSE pieces and parcels of N.A. land bearing

Survey/Hissa No. 205/1 admeasuring 17.20.00 Ares/Square metres,
assessed at Rs.172 Paise, Survey/Hissa No. 205/7 admeasuring
7.60.00 Ares/Square metres, assessed at Rs.76.00 Paise, lying being
and situate at Village Nilemore Taluka Vasai District Palghar within
the area of Sub-Registrar at Vasai No. 1 to 6.

THE SECOND SCHEDULE ABOVE REFERRED TO

FSI admeasuring 796.15 Sq.metres (Built up area) of Wing A

and FSI area admeasuring 526.94 Sq. metre Built up area of wing B
total admeasuring 1323.09 Square metres (Built up area) of Building
No.3 in sector No.II Phase II (excluding Fire staircase, society office,
meter room, refugee area, stilt architecture projection, elevation
projections, fitness centre entrance lobby) as per revised
amendment plan lying being and situate at Village Nilemore, Taluka
Vasai, District Palghar, within the area of Sub-Registrar at Vasai No.
1 to 6..

IN WITNESSES WHEREOF THE PARTIES HERETO HAVE

SET AND SUBSCRIBED THEIR RESPECTIVE HANDS AND SEALS
THE DAY AND THE YEAR FIRST HEREINABOVE WRITTEN.
 17

SIGNED AND DELIVERED by the )

)
withinnamed "THE VENDOR" )
)
M/s. TOPAZ CONSTRUCTION )
a partnership firm )
represented by its partners )
)
1) JAGDISH YASHWANT NAIK )
)
)
)
)
2) PARSHURAM KASHINATH NAIK )
)
)
)
)
)
3) VINAYAK YASHWANT NAIK )
)
)
)
)
4) NARESH DAMODAR VAZE )
)
)
)
)
)
in the presence of ............................... )

1.

Name :

Address :

2.

Name :

Address :
 18

SIGNED AND DELIVERED by the )

)
withinnamed "THE DEVELOPER" )
)
M/s. NAVDURGA CONSTRUCTION )
a partnership firm )
represented by its partners )
)
1) SACHIN VISHNU MHATRE )
)
)
2) PRATIBHA PRADEEP NAIK )
)
)
in the presence of .............................. )

1.

2.

RECEIVED the day and the year first )

)
hereinabove written of and from the )
)
withinnamed DEVELOPERS the sum of )
)
Rupees Twenty Five Lakh only, as ) Rs.25,00,000/-
) ==========
and by way of part security deposit to )
)
be paid by Developer to the Vendor. )

The said amount paid as under :-

Sr.No. Amount Cheque No. Dated

i. Rs.10,00,000/-
ii. Rs.15,00,000/- 100542 20/11/2022

Drawn on Bassein Catholic Co-Operative Bank,

Nallasopara (West) Branch.
 19

WITNESSES :-

WE SAY WE HAVE RECEIVED

1.

1.

2.

2.

3.

4.

VENDOR

ANNEXURE

Details of post dated cheques

Sr. Amount Cheuqe No. Dated Bank

i. Rs.10,00,000/- 100543 10/12/2022

ii. Rs.10,00,000/- 100544 12/12/2022

WORD\ENGLISH\DEVELOPMENT-AGREEMENT\PLAN-SAN\50%-DEPOSIT-
TOPAZ-22