DEVELOPMENT AGREEMENT

RECITAL

DEFINITIONS

LAND AREA

CONSIDERATION

PAYMENT SCHEDULE

TIME IS ESSENCE OF THE CONTRACT

REPRESENTATION WARRANTIES DECLARATIONS COVENANTS OF THE OWNERS

• • • • • • • •

Marketable Title No Encumbrances Possession Power and Authority Valid and Binding No Impediment No Prior Agreement No Acquisition and Requisition

• • • • • • • •

No Reservations No Violation of Land Laws No Lispendence No Third Party Rights Deliver Documents Execute Further Documents Further Assurances Family Consent

• • • • • • •

No Minors Interest Joint Survey Assurances Declarations Covenants Indemnity Undertakings

RIGHTS DUTIES OBLIGATIONS OF THE DEVELOPERS

• • • • • • •

Inspection of Title Documents Development Potential Development Plan Payment Term Name Board Symbolic Possession License Permission

• • • • • • •

Development and Construction Development Control Regulations Modification of Sanctioned Plans Authority to Sell Flats MOFA Plinth Completion Certificate Quality Guarantee

• • • • • •

No Encroachment Building Completion Certificate Occupation Certificate Delivery of Flats Compliance with law Taxes and Outgoings

RIGHTS DUTIES OBLIGATIONS OF THE OWNERS

• • • • • •

Basic Infrastructure Power of Attorney Interim maintenance TDR and Other Rights Easements Balance FSI

NO COMPETITION

TIME PERIOD

DEFALUT BY THE OWNERS

DEFAULT BY THE DEVELOPERS

CURE PERIOD

BREACH OF CONTRACT

TERMINATION

SERVICES OF THE SOLICITORS

SERVICES OF THE ARCHITECTS

SERVICES OF THE ARCHITECTS

INDEMNITY BY DEVELOPERS

INSURANCE

PROJECT NAME

LIQUIDATED DAMAGES

DEFECT LIABILITY PERIOD

DISPUTE RESOLUTION METHOD

STAMP DUTY AND REGISTRATION

FORMATION OF CO-OP.HSG SOCIETY

CONVEYANCE

SPECIFIC PERFORMANCE

GENERAL PROVISIONS

• • • • • • •

Notices No Amendment No Waiver No Partnership No Agency Force Majeure Confidentiality

• • • • • • •

Severability Entire Agreement Cost and Expenses Governing Law Jurisdiction Read and Understood Counter Parts

SCHEDULE TO THE PROPERTY

EXECUTION SHEET

ANNEXURES

Location Map Land Area Map Copy of title deeds 7/12extracts/Property Card Certificate of Title N.A.Permission Development Permission

Commencement Certificate Building Plan MoEF Permission MPCB Consent NOC-Fire Department

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