AGREEMENT OF SALE

This Agreement of Sale is made and executed at Hyderabad on this 18th Of December,
2018 by and between:

MR. , S/o , aged about 45 years, Occ. Business, resident of Plot No. and Hyderabad.

Hereinafter collectively called the “OWNER/VENDOR”, (which term shall mean and
include their respective heirs, successors, legal representatives, administrators,
assignee/s and nominee/s etc.,) of THE ONE PART.

AND
M/s , a partnership firm registered under the Indian Partnership Act, 1932, having its
registered office at Pent House, Akasa Ganga Apartments, 8-2-616/4/2/1, Road No.11,
Banjara Hills, Hyderabad – 500034 and Corporate Office at Plot No.264 A, Second Floor,
Road No.10, Jubilee Hills, Hyderabad – 500 033 represented by its Managing Partner Sri
SarinKatta S/o Sri Vivekananda Reddy aged about 34 years, resident of B-3, Manjeera
Luxury Houses, HUDA Enclave, Journalist Colony, Jubilee Hills, Hyderabad – 500 033.

Hereinafter collectively called the “DEVELOPER”, (which term shall mean and include
their respective heirs, successors, legal representatives, administrators, assignee/s and
nominee/s etc.,) of CONSIGNING PARTY.

IN FOVOUR OF

1 aged about …… years, Occupation :

2. , S/O SRI. , Aged about 47 years, Occupation: Employee,

Both R/o Flat No….. Block ….. Casa Rouge,JubileeGardens,Kondapur,NearTCS

,Serilingampally,Kondapur,K.VRangareddy,Telangana 500084. [Aadhaar No: …….. .,
PAN No: ]

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Hereinafter called the VENDEE, which expression shall, unless repugnant to the context
or meaning thereof be deemed to mean and include its partners, their successors in
office and permitted assigns of THE OTHER PART.

WHEREAS the Vendor is the absolute owner and possessor of open agricultural land
bearing in Sy.No.52/A, admeasuring area of Ac.0-34.Guntas and in Sy.No.52/A,
admeasuring area of Ac.1-00.Guntas, totally land admeasuring area of Ac.1-34.Guntas,
Situated at MOKILA Village and Grampanchayath, SHANKARPALLY Mandal, RANGA
REDDY District, having purchased the same vide a Registered Sale Deed Document
bearing No.117 of 2011, Dated: 22-01-2011 from Sri. B.Narsimulu&Others
andRegistered Sale Deed Document bearing No.118 of 2011, Dated: 22-01-20d 11 from
Smt. B.Yadamma& Others and both registered in the in the office of the Sub-Registrar
Shankarpally, R.R.District .

Whereas the Developer/Consenting Party namely M/s SARK PROJECTS rep.by

Mr.SarinKattahave acquired the adjacent lands as well, under different registered
Development Agreement cum General Power of Attorney bearing Doc No.58 of
2012,1929 of 2012,1656 of 2011,2110 of 2012,3567 of 2013,3281 of 2013for
development of land admeasuring 5 acre 30 guntas in survey no.67 and 68 as per the
terms and conditions contained therein and also acquired admeasuring 2 acre 17 guntas
in survey no.75 under registered AGPA no.267 of 2012,271 of 2012,272 of 2012 totally
admeasuring 6 acre 30 guntas in survey no.68,67 and 75 and Mr.SarinKatta (one of the
land lord) in his individual capacity acquired the land admeasuring 25 guntas in survey
no.68 & 74 under a registered AGPA No.1383 of 2013 and 1245 of 2011,Mr.Pavan
Kumar(one of the land lord) acquired the land admeasuring 20 guntasin survey no.73
through a registered sale deed no.3200 of 2011,Mrs.ShruthMallapani(one of the land
lord)acquired the land admeasuring 1 acre in survey no.75 under registered sale deed
vide no.1747 of 2012 and all the land owners mentioned herein had also given their
respective lands admeasuring 2 acre 05 guntas to SARK Projects for the development
together with land admeasuring 6 acre 30 guntas in survey no.44,52,67 and 68 situated
at Mokila village.

Whereas the Developer/Consenting Party namely M/s SARK PROJECTS wasinterested in

further development with a view to derive a better value for the same and have
approached the vendor to join along with other owners of the abutting properties, form
into a single contiguous bit for better advantage and has made proposal for development
of total area of land, for construction of Villas of various sizes and of different
specifications therein and have named the project as”SARK ONE EXTENSION”

The Vendor being desirous of having his land developed as part of the said project
namely ” SARK ONE EXTENSION” which was developed by Second party and has joined
the project and executed a Development Agreement Cum General Power Of Attorney in
favour of M/s SARK PROJECTS (Developer) to develop the said land along with other
land owners vide document bearing No 549 of 2011, dated 11-03-2011, all documents
registered at in the office of the Sub – Registrar, Shankarpally, Ranga Reddy District.
which is more particularly described in the schedule last written and hereinafter called
Schedule 1 Property

WHEREAS the Developer/Consenting Party, has pooled;allthe land admeasuring Ac.15-

11.99 forming part of Survey Nos.44, 52, 67, 68, 73, 74 & 75, situated at Mokila Village
and Grampanchayath into single lot which is more particularly described in the Schedule
1 Property and develop the entire property into a Gated Community as per the norms
of the HMDA as specified in the Layout 24/LO/Plg/HMDA/2013 dated 18.12.2013,
through submitting file No. 175/LO/Plg/HMDA/2013.

AND WHEREAS, the Vendor has been allotted in Plot Nos.11, 12 and 21 (through
Supplementary agreement dated 08.06.2016 and thus Vendor become the owner for
Plot No. 11, 12 and 21 .

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WHEREAS, the Vendor had offered to sell a plot of Land bearing of Plot No.21totally
admeasuring 772 Sq. Yards, together with proposed construction villa with buildup area
4050 Sft, allotted to him forming part of the approved layout and building sanction
covering land in Part of Survey Nos. vide Proceedings No: 24/LO/Plg/HMDA/2013 dated
18.12.2013, through submitting file No. 175/LO/Plg /HMDA/2013 duly releasing a layout
plan duly demarcating 61 Residential Villas, with Roads, Open Spaces, Common Areas,
Green Area,under the Lay Out named “SarkOne Extension” in the total land
admeasuring Ac.15-11.99 Guntas, forming part of Survey Nos.44, 52, 67, 68, 73, 74 &
75, Situated at Mokila Village and Grampanchayath, ShankarpallyMandal, Ranga Reddy
District, A.P, hereinafter referred to as the Schedule A Property. more fully described in
the ‘Schedule B Property and the purchaser/vendee herein agreed to purchase the same
together with the right to use and enjoy all common area for the Price of
Rupees:1,27,00,000/-(Rupees One CroreTwenty Seven Lacs only).

NOW THIS AGREEMENT OF SALE WITNESSES AS FOLLOWS:

1. The vendor hereby agree to sell the above said house /Villa plot to the purchase for
a sale consideration of Rs.1,27,00,000/-(Rupees One Crore Twenty Seven Lacs
only) and the purchaser/vendee has accepted to purchase the same for the above
said sale consideration and further with an intention to construct Villa, the Vendee
will be entering into a construction agreement with Developer/Consenting party by
paying rupees 43,00,000/- (Forty Three lakhs only) to the Developer/Consenting
party towards the cost of construction of the Villa, which includes an amount of
Rs.3,00,000/- (Three lakhs only) towards amenities and as per the conditions
mentioned therein.
2. The purchaser/Vendee is already paid an advance amount of Rs.20,00,000/-
(Rupees twenty lacs Only), through a Cheque bearing No. _________________
dated ______________ drawn on ____________Bank.,and an amount of
Rs.30,00,000/- (Rupees thirty lacs Only) and Rs.30,00,000/- (Rupees twenty lacs
Only), to the vendor/owner the receipt of which the Vendor hereby admit and
acknowledge the same and confirm and declare that he is the sole and absolute
owner of the said property hereby agreed to be sold and no person or persons shall
not have any manner right, interest over the same and the Vendor has full authority
to convert the same
3. The Vendee/purchaser has this day on the execution of this agreement confirmed
that he has paid to the Vendor above mentioned sum of Rs.50,00,000/- (Rupees
Fifty Lacs) only which constitutes the consideration of this agreement and the
balance of the purchase price Rs.77,00,000/-(Rupees Seventy Seven Lacs
only) shall be paid by the Vendee/purchaser on or before the expiry of ____ days
(i.e., ___ months) from the date hereof or at the time of registered sale deed, but
subject to the Terms & conditions mutually agreed upon & recited hereinafter;

4. The vendor shall obtain all the necessary certificates i.e., no due certificates and
assessment, Encumbrance certificate in respect of the said property from the
competent Authority.

5. The VENDOR and Developer/Consenting Party herein shall make themselves

available at all times for execution of any document or documents, as and when
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 required, and the purchaser or his nominee or nominees shall bear all the expenses
such as stamp duty, registration fees etc., for execution of Sale Deed or Deeds of
the Scheduled property hereby conveyed either in whole or in parts in favour of the
Purchaser/vendee or his nominee or nominees.

6. The vendor hereby also agree with the purchaser/vendee that he shall, at all
times, do and execute, at the expense of the purchaser/vendee, all such further
acts, deeds (i.e., rectification deed etc.,) and things as may be reasonably
required by the Buyer for the due and effective conveyance of all rights, title and
interest as contemplated in this deed.

7. The Vendor hereby indemnify the purchaser/vendee against all losses or

consequences that if the Vendee may sustain pay or incur due to any reason
whatsoever in the Vendor’s title in respect of the said property hereby agreed to be
sold.
8. The Vendor declares that he has not entered into any agreement or deeds with any
third party prior to this Agreement of Sale in respect of the said property.

9. The Vendor and developer/second party further declares that they will execute the
registered Sale Deed in favour of the purchaser/Vendee or his nominee after
receiving the balance sale consideration from the Vendee upon adequate notice

10. The vendor hereby solemnly declare and covenant with the purchaser/vendee
that there are no encumbrances, charges, liens, attachments, claims or
demands, Statutory Liabilities, in respect hereof on the Schedule Property and
that the Schedule Property is not subject matter of any suit / litigation or
proceedings of any nature whatsoever.

11. The vendor shall clear off the municipal property tax, water charges, electricity,
consumption charges etc.., up to date at the time of registration.

12. THE VENDOR further declares that the schedule mentioned property is not attracted
by the provisions of A.P. Urban Land Ceiling Act.

13. In case if the Developer/Consenting Party failed to the complete the construction of
villa as per the specification mentioned in the construction agreement the vendor
shall be taken responsibility for the said construction.

14. The vendor and Developer/Consenting Party shall provide the amenities such as club
house etc.,to the purchaser/vendee.

15. The Developer/Consenting Party shall take the delivery of possession of villa within
the _______________________.

SCHEDULE – A - PROPERTY

All that land admeasuring Ac.15-11.99 forming part of Survey Nos.44, 52, 67, 68,
73, 74 & 75, situated at Mokila Village and Grampanchayath, ShankarpallyMandal,
Ranga Reddy District, A.P, and bounded by:

NORTH : Survey No 68
EAST : Sark One Project
WEST : Sark One Project
SOUTH : Sark One Project

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 SCHEDULE – B - PROPERTY

All that part and parcel of Open Plot bearing No.____, Land admeasuring
___.Sq.Yards, together with proposed construction of Villa with buildup area _____,
forming part of Survey Nos.44, 52, 67, 68, 73, 74 & 75, Situated at “SARK ONE
EXTENSION” in MOKILA Village and Grampanchayath, SHANKARPALLY Mandal,
RANGA REDDY District, TELANGANA State, and approved residential layout vide
No.24/LO/Plg/HMDA/2013, dated 18-12-2013 through submitting file
No.175/LO/Plg/HMDA/2013, granted for a total extent of Ac.15-11.99 Guntas, and
bounded by

NORTH : Plot No
SOUTH : Plot No
EAST : Neighbors Land
WEST : 40 FEET WIDE ROAD

IN WITNESS WHEREOF, the parties hereto have signed this Deed of Agreement of Sale
out of their own free will and consent on the day, month and year first above mentioned
in the presence of the following witnesses:

SIGNATURE OF THE VENDOR

SIGNATURE OF THE CONSIGNING PARTY

SIGNATURE OF THE PURCHASER

WITNESSES:

1)

2)

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