)

a
E E\g
IND!A
I I I

2]
6l., 2nl9
"5
IT (lll ATH"IqE TAi.'4lL NADU 26AC 685575
l+a,\flf"antt48 G, ' q'^#'d'
I{ dl;nEsu':6gir
ualorurr*ro
.rUardt$i0diOndr a!1f
,*',g) zr t'tsattctb:t'7b
fftGo o.&Qd !q? ntF
Ji6ut
I DET'ELOPUEI|T AGREEMEI|T rll i..u'-*. '

THIS DEVELOPMENT AGREEMENT IS ENTERED INTO AT CHENNAI'

i ON THIS DAY OF 2024,
BETWEEN
,
M/JMANJU PROMOTERS PRTVATE LIMITED, [PAN: AAPCMOS8OQ], A
Conlpany incorporated under the Indian Companies Act' 1956'
having its

resistered Office at No.8, Sapthaswara Apartments, 1st Avenue' Ashok

"1
Nagar, Chennai - 600 O83, represented by its Authorized Siglratory
ur.t.xuuen, (DL No.TN091991OOO 9481), Son of Mr'Kasi, Hindu, aged
about 49 years, residing at No.8, Sapthaswara Apar tments' l"t Avenue'
,{

AshokNagar,Chennai-600083,(BoardResolutionDatedat2S'03'2023)'
herEinafter called as the "DEVELOPER" of tJ:e ONE PART;

\
I O.-l,.-.^.*

,;
foMANJU
"?':T(l'
&;'li'-.1 &0rodsed qs,abry
I
{

I
 .2.

AND

MTS.CHANDIROTIIAYAU, (PAN: AIDPC0500C/ Aadhaar No:7677 2288

1760), wife of Mr.Velayutham, aged about 58 years, residing at No.22B,
Pillaiyar Kovil Street, Puliyammmedu, Ayappakkam, Tiruverkadu, Tiruvallur
- 600 077 , hereinafter referred to as the "PURCHASER"

The term 'DEVELOPER" and "PURCHASER", wherever the context so

means, requires or permits, includes their legal heirs, representatives,
executors, administrators, nominees, successors-in-interest and assigns;

WHEREAS Mr.V.Babu & Ors are t]:e absolute owners of the vacant houses
in all totally measuring an extent of
3,26,272 Sq.lt., comprised in
Sy.Nos.362l3C, 362/38, 36114c, 362/3D, 36212, 362/38, 362/4A,
36213A,357,36112,36Ll4A,36tl4B,36Ll4D & 362l3F, in to layout of
housing plots "AYAAN CITY", Approved from Chennai Metropolitan
Development Authority vide PPD / LO No .32 I 2023 in Letter
No.LL / 15962 /2022, dated t6/02/2023 and Planning Permit No.15302 on
1611212023 and subsequently approved by 'Commissioner' Poonamallee
Panchayath Union, vide RC.No.496/ 2023 I A3 dated. 24 I 02 / 2023, situated
at Kavalcheri Village [Voyanallur ts' Village], Poonamallee Taluk,
Thiruvallur District.

WHEREAS Mr.V.Babu & Ors entered into an MOU on 23.03.2023 wild,:.

M/s.MANJU PROMOTERS PRTVATE LIMITED, to carq/ out the activities viz.,
develop, market & sell the housing plots in the aforesaid layout.

WHEREAS, the DEVELOPER herein, after careful consideration, agreed to

develop, market & sell the aforesaid Housing Layout named as "AYAAN
CITY', situated at Kavalcheri Village [Voyanallur ts' Viltagel, Poonamallee
Taluk, Thiruvallur District.

V€!^*A.o+e-tl O={r\^\ ForlilANJU PRO!,rIOTERS (p) LTo.

l1 .t\,.'
; Afiorised Signabry
 3

WHEREAS the VENDOR being the absolute owner and was in exclusive,
uninterrupted, continues possession of the vacant housing plot No.23O,
(extent of 828 Sq.ft) & Plot No.231, (extent of 82g Sq.ft) totally measuring
an extent of 1656 Sq.ft., ir1 the said layout and the VENDOR has got right,
title and interest and unfettered authority to convey tJ:e above said property
to anyone,

WHEREAS, with an intention to Purchase housing plot No.23O, (extent of

828 Sq.ft) & Plot No.231, (extent of 828 Sq.ft) totally measuring an extent of
1656 gq.ft., comprised in Survey No.362/3A, as per patta sub - division
Survey No.362/3A1A1, in the aforesaid Project, more fully described in
Schedule hereunder, the PURCHASER herein, approached the DEVELOpER
herein, with a request to develop the aforesaid plot proposed to be
purchased, and agreed to pay a sum of Rs.17,38,8OO/- (Rupees Seventeen
Lakhs Thtrty Elght Thousand and Elght Hundred OnIy), to the
DEVELOPER towards Development Works as listed in the Annexure to this
Development Agreement.

NOW THIS DEVELOPMENT AG RDEMENT WITNESSETH AS FOLLOWS:

1) Upon request from the PURCHASERS, the DEVELOPER herein has

agreed to develop Plot No.23O, (extent of 828 Sq.ft) & plot No.2B1,
(extent of 828 Sq.ft) totally measu.ing an extent of 1656 Sq.ft.,
comprised in
Survey No.362/3A, as per patta sub - division Sunrey
No.362l3A1Al, Approved from Chennai Metropolitan Development
Authorityvide PPD/LO No.32/2023 in Letter No.LtltS962/2O22, d,ated
16/0212023 and Planning Permit No.15302 on L6/t212O23 and
subsequently approved by'Commissioner' Poonamallee panchayath
Union, vide RC.No.496l2023lA3 dated, 24/02/2023, situated at
Kavalcheri Village [Voyanallur ts' Villagel, Poonamallee Taluk, Thiruvallur
District, more fully described in Schedule hereunder, for an estimated
Development Charges Rs.17,38,8OO/- (Rupees Seventeen Lakhs Thtrty

fq MANJU PRo[4oTEjis
orrq (P) LiJ.
t{.14..
Aturonied Srgnalory
 4

Etght Thousand and Etght Hundred OaIy), towards Development

Works as listed in the Annexure to this Development Agreement.
2) The PURCHASERS has paid a sum of Rs.1O,0O0/- (Rupees Ten
Thousand Only) paid as Advance, from out of the total estimated
Development Charges, to the DEVELOPER, to develop the Schedule
mentioned Property.
3) The PURCHASER agrees to pay the balance remaining Development
Charges amounting to Rs.17,38,8OO/- (Rupees Seveateen Iakhs
Thkty Efght Thousand atrd Etght Hundred Oaly), at the time of
Registering the Schedule Property, or within one month from the date of
this Agreement, earlier.
4) THE DEVELOPER has agreed to complete the Development Works of the
Schedule Property within one month from the date of signing this
Agreement.
5) During the pendency of this Development Agreement, if Taxes/Charges are
revised or additionally levied by tJ:e Government of the Day, and/or, by the
Statutory Authorities, the PURCHASERS herein agrees to bear the same
including any other incidental expense/s incurred thereon.
6) THE DEVELOPER herein, agrees to arrange for the Registration of the
Schedule Property, in favour of the PURCHASERS or their Leea]
Nominees upon receipt of the entire Plot Cost at Guideline Value
including the Development Charges.
7) The DEVELOPER herein, agrees to hand over the duly developed Vacant
Possession of the Schedule Propert5r to the PURCHASERS, after tJ:e
Registration of the Sale deed in respect of the Schedule Property.
8) Any dispute or difference arising out of or in connection witJ: this
Agreement, the same shall be referred to Arbitration in accordance with
the provisions of the Arbitration and Conciliation Act, 1996. Arbitration
will be conducted by a Sole Arbitrator to be appointed by the Developer.
The proceedings will be conducted in the English language and the venue
shall be in Chennai. The Courts in Chennai, Tamil Nadu and Laws of

FtrMANJU pRCIlOTERs
(p) Lm.
V.e-Q=*-^-&-t\t--:3"-^"-- [<. t<r
,,i., Aildod$gnatlry
 .5.

India will have exclusive jurisdiction on any matter concerning this

Agreement.

SCHEDULE OF THE PROPERTY

Item No.1 Plot No.23O:

All that piece and parcel of vacant housing plot No.23O, measuring an
extent of 828 Sq.ft., comprised in Survey No.362/3A, as per patta sub -
division Sunrey I{o.362/3A1A1, in the layout.AYAAN CIfi", approved from
Chennai Metropolitan Development Authority vide ppD/LO No.32 /2023 in
Letter No.Lll1596212022, dated t6/02/2023 and planning permit
No. 15302 or L6 /O2 /2023 and subsequently approved by .Commissioner,

Poonamallee Panchayath Union, vide RC.No.496/2O23/A3 dated

24/02/2023 and coming within the Registration District of Thiruvallur and
Sub Registration District of Poonamallee and ttre said layout has been
named as "AYAAN CIfi", and also approved by Tamil Nadu Real Estate
Regulatory Authority, Chennai, on 20/O3/2023 under Project Registration
No.TN/ 29lRegularisation Layout/O949 /2023 situated at Cents situated in
Kavalchery, Voyalanallur-B Village, Poonamallee Taluk, Thiruvallur District
and thereabouts,

BOUNDED ON THE:
NORTH BY Plot No.239,
SOUTH BY 6 M Road,
EAST BY Plot No.229,
WEST BY Plot No.231,
And wtth followlns llnear measurements:
East to West on the Northern side 24',O',
East to West on the Southern side 24'0"
North to South on tlle Eastern side- 34',6"
North to South on the Western side - 34',6"

\l .€)Q^.*=\€\-- a=tzS fnMANJU PROI{OTERS ii.) iD.

)L ,/^/
fuii*.,. Afiqtsod signebry
 .6..

Item No.2: Plot No.231:

A11that piece and parcel of vacant housing Plot No.231, measuring an

extent of 828 Sq.ft., comprised in Survey No.362/3A, as per patta sub -
division Sunrey !to.362l3A1A1, in the layout "AYAAN CIfi", approved from
Chennai Metropolitan Development Authority vide PPD/LO No.32 /2023 in
Letter No.L1l15962/2022, dated 16/0212023 and Ptanning permit
No.15302 on L6/02/2O23 and subsequently approved by ,Commissioner,
Poonamallee Panchayath Union, vide RC.No.496/2O25/A3 dated
2023 and coming within the Registration District of Thiruvallur and
24 /O2 /

Sub Registration District of Poonamallee and the said layout has been
named as "AYAAN CITY", and also approved by Tamil Nadu Real Estate
Regulatory Authority, Chennai, on 20lO3/2023 under Project Registration
No.TN/29lRegularisation Layout/0949 /2023 situated at Cents situated in
Kavalchery, Voyalanallur-B Village, Poonamallee Tatuk, Thiruvallur District
ald thereabouts,

BOIIITDED ON THE:
NORTH : BY Plot No.238,
SOUTHBY: 6MRoad,
EAST BY : Plot No.230,
WEST BY : Plot No.232,
And urlth the follorlng llnear measurements:
East to West on the Norttrernside - 24' O"
East to West on the Southern side - 24'O"
North to South on the Eastern side - 34'6"
North to South on the Western side - 34' 6"
Situate within the Registration District of Thiruvallur and Sub-Registration
District of Poonamallee.

(P) LT0'
o-1n Fo( MANJU PROTiOTERS
\-'
Icr ,..
lL.yn
Mrodsed SfunaorY
*ffiii..'"
 7

IN WITNESS OF THE PARTIESHAVE SET THEIR RESPECTIVE HANDS TO

T#HIS DEVELOPMENT AGREEMENT ON THE DAY, MONTH AND YEAR
FIRST ABOVE MENTIONED AT CHENNAI IN THE PRESENCE OF THE
FOLLOWING:
'\ le.l/"
for MAIIJU PROb.,,;;-.: ,,

V Afiuised Signalory

PURCHASER DEVELOPER

WITNESSES:
t d
1 3.\l turol\fY6
$.'9=
fYo \. tO.3qg
.<-
["*-
2. ).ttaW
' ' u,fiPg4@#t 9rl€€TlilrxExlrRE
ieCf e4^esN0tr-ts-
OF DEVELOPMENT trIORI(S
DESCRIPTION

1) Removing shrubs and bushes from the Plot

2l Lcveling of Plot

3) Conducting Survey of the Plot in tune with the relevant FMB

4l Fixing of Survey Stones/ Painting/ Marking of Plot Number

5) Arranging for Electricity Power Supply

6) Conducting Soil test

7l Formation of motorable Road leading to Plot

8) Drainage to the Project.

FcuAilJU PRO!.,OTERS (p) i --r

r
lc.t{
Arhorrsad S;ignato?