JOINT DEVELOPMENT AGREEMENT
THIS JOINT DEVELOPMENT AGREEMENT is made and entered into on this
Twenty Eighth day of September Two Thousand Twelev (28.09.2012) at Hoskote
by and between –
1.
SRI. H. N. Abbbb
S/o. Late H. M. bbbbbba,
Aged about 63 years,
2.
SMT. H. A. bbbb
D/o. Sri. H. N. Aiybbbbbbbbpa,
Aged about 25 years,
3.
KUM. H. A. bbbbbbbbbb
D/o. Sri. H. N. Aiybbbbbbbbbbb,
Aged about 23 years,
4.
KUM. H. A. bbbbbbbbbb
D/o. Sri. H. N. xxxxxxxxx
Aged about 21 years,
5.
KUM. H. A. SRIVIDfffffffffffff
D/o. Sri. H. N. ffffffffffff
Aged about 20 years,
6.
CHI. H. A. JAdddddddddddd,
S/o. Sri. H. N. Aiyannappa,
Aged about 18 years,
7.
SRI. H. N. MUNISHAdddddddddddd,
S/o. Late H. M. Narayanappa,
Aged about 52 years,
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8.
KUM. H. M. ffffff,
D/o. Sri. H. N. Munisffffffffff,
Aged about 20 years,
9.
KUM. H. M. gggggggggg
D/o. Sri. H. N. ggggggggggggg,
Minor, aged about 18 years,
All are residents of hhhhhhhhhhhh
BENGALURU RURAL DISTRICT.
hereinafter unless otherwise specified, referred to as the “OWNERS” (which
expression wherever the context so requires or admits of, shall mean and include
their respective heirs, legal representatives, executors, administrators & assigns)
of the ONE PART;
AND –
1.
SRI. bbbbbbbbbbbb
S/o. Sri. bbbbbbbbb
Aged about 35 years,
Residing at bbbbbbbbbbbbb
BENGALURU – 560 085.
2.
SRI. bbbbbbbbbbbbbbb
S/o. Sri. bbbbbbbbbbbb
Aged about 45 years,
R/a. No. bbbbbbbbbbbb
BENGALURU – 560 018.
Hereinafter unless otherwise specified, together referred to as the
“DEVELOPERS” (which expression wherever the context so requires or admits
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of, shall mean and include their respective heirs, legal representatives, executors,
administrators & assigns) of the OTHER PART;
WITNESSES AS FOLLOWS: A.
WHEREAS, Sri. H. N. Aibbbnappa, the first named of the OWNERS is the
absolute owner in peaceful possession and enjoyment of all that piece and parcel
of the residentially converted land measuring
Acre vvvvvvv Guntas,
comprised in Sy. Noccccccccccccc Hoskote Village, Kasaba Hobli, Hoskote
Taluk, Bengaluru Rural District, morefully described in Schedule-A hereunder
and hereinafter referred to as SCHEDULE-A LAND;
B.
WHEREAS, Sri. H. N. Munishamappa, the seventh named of the OWNER
is the absolute owner in peaceful possession and enjoyment of all that piece and
parcel of the residentially converted land measuring 01 Acre vvvvvvv Guntas,
comprised in Sy. No. vvvvvvvvv Village, Kasaba Hobli, Hoskote Taluk,
Bengaluru Rural District, morefully described in Schedule-B hereunder and
hereinafter referred to as SCHEDULE-B LAND;
C.
WHEREAS, Sri. H. N. Babu, the eleventh named of the OWNER is the
absolute owner in peaceful possession and enjoyment of all that piece and parcel
of the residentially converted land measuring 01 Acre 07 Guntas, comprised in
Sy. No. vvvvvvvvvvvv of Hoskote Village, Kasaba Hobli, Hoskote Taluk,
Bengaluru Rural District, morefully described in Schedule-C hereunder and
hereinafter referred to as SCHEDULE-C LAND;
D.
WHEREAS, the Schedule-A, Schedule-B and Schedule-C Lands, in all
measuring 03 Acres 37 Guntas, comprised in old Sy. No. 412 and after Hissa,
bearing Sy. Nos. vvvvvvvvv, and vvvvvvvvv respectively of Hoskote Village,
Kasaba Hobli, Hoskote Taluk, Bengaluru Rural District, mentioned hereinbelow,
unless otherwise specified, are collectively hereafter referred to as “SCHEDULE
LANDS”.
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E.
WHEREAS, Sri. H. M. Narayanappa (the father of the first, seventh and
eleventh named of the OWNERS herein and the grandfather of the remaining
OWNERS herein,), was in possession and enjoyment, as an absolute owner of all
that piece and parcel of property bearing Sy. No. vvvvvvvvvvv of Hoskote
Village, having purchased the same under a Sale Deed, dated: 05.03.1968,
registered as document No. vvvvvvvv68-69 at Pages 52-55 of Volume 1219 of
Book-I, in the office of the Sub-Registrar, Hoskote, from its previous owners Mr.
vvvvvvvv, S/o. Late v and his three children,
F.
WHEREAS, the said Sri. H. M. Narayanappa died intestate, leaving
behind his wife, Smt. Ramakka and their four children, i.e., Sri. H. N.
Aiyannappa, Sri. H. N. Munishamappa, Sri. H. N. Babu and Smt. H. N.
Shakunthalamma, as his only surviving legal heirs to succeed to his estate.
G.
WHEREAS, Smt. Ramakka and her four children, i.e., Sri. H. N.
Aiyannappa, Sri. H. N. Munishamappa, Sri. H. N. Babu and Smt. H. N.
Shakunthalamma, all being the legal heirs of Late H. M. Narayanappa, entered
into a Deed of Partition, dated: 20.11.2004, registered as document No. HSK-1vvvvvvvv of Book-I and stored in C. D. No. HSKD28, in the office of the SubRegistrar, Hoskote, Bangalore, partitioning thereunder several properties,
including land measuring 03 Acres 36 Guntas, comprised in Sy. No. 412 of
Hoskote Village, among themselves. That in terms of such partition, the
Schedule-B Properties enumerated therein was allotted to share of Sri. H. N.
Aiyannappa, the first named of the OWNERS herein, and Item No. 7 of the
Schedule-B Property mentioned therein is land in an extent of 01 Acre 25.08
Guntas, comprised in Sy. No.vvvvvvvvv of Hoskote Village, Kasaba Hobli,
Hoskote Taluk, i.e., the Schedule–A Land herein. Likewise, the Schedule-C
Properties enumerated therein was allotted to share of Sri. H. N. Munishamappa,
the seventh named of the OWNERS herein, and Item No. 7 of the Schedule-C
Property mentioned therein is land in an extent of 01 Acre 04.08 Guntas,
comprised in Sy. No.vvvvvvvv of Hoskote Village, Kasaba Hobli, Hoskote Taluk,
i.e., the Schedule–B Land herein, and likewise, the Schedule-D Properties
enumerated therein was allotted to share of Sri. H. N. Babu, the eleventh named
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of the OWNERS herein, and Item No. 7 of the Schedule-D Property mentioned
therein is land in an extent of 01 Acre 07 Guntas, comprised in Sy. No.412 of
Hoskote Village, Kasaba Hobli, Hoskote Taluk, i.e., the Schedule–C Land herein;
H.
WHEREAS, on the basis of such Partition Deed, mutation came to be
ordered and recorded in the names of Sri. H. N. Aiyannappa, Sri. H. N.
Munishamappa, Sri. H. N. Babu, in respect of their respective holdings in Sy. No.
vvvvvvvvv of Hoskote Village, vide, MR.104/2004-05, and accordingly the
names of
Sri. H. N. Aiyannappa, Sri. H. N. Munishamappa, Sri. H. N. Babu
came to be recorded in the RTCs, as owners, occupiers and cultivators of their
respective holdings in the Schedule Lands, in respect of which hissa phodi was
effected in terms whereof, the share of Sri. H. N. Aiyannappa came to bear Sy.
No. 412/1 and the share of Sri. H. N. Munishamappa came to bear Sy. No.
vvvvvvvvvv and likewise, the share of Sri. H. N. Babu came to bear Sy. No.
412/3 and that ever since from the date of acquisition of title, the Vendors have
been in continuous peaceful possession and enjoyment of the said lands as
absolute co-owners by paying taxes regularly in respect of the said lands;
I.
WHEREAS, all the above said lands have been converted from
agricultural to non-agricultural residential purposes, vide Official
Memorandum bearing No. ALN (HOKA) CR. 77/2011-12, dated: 27.01.2012, of
the Additional Deputy Commissioner, Bangalore Rural District, Bangalore,
which residentially converted lands are morefully described in the schedule
hereunder, and hereinafter collectively referred to as “SCHEDULE LANDS” and
the OWNERS are in peaceful possession and quiet enjoyment of the Schedule
Lands with clear, valid, subsisting, unimpeachable and marketable title to the
same.
I.
WHEREAS, the OWNERS being desirous of improving the Schedule
Lands, for the consideration received and for better capital appreciation, having
negotiated with the DEVELOPERS, having necessary experience and reputation
in the matter of property development, in terms of the understanding arrived at,
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offered the Schedule Lands for development by formation of a residential layout
therein, which was agreed to by the DEVELOPERS on the terms and conditions
mutually agreed to between the OWNERS and DEVELOPERS, whereby the
DEVELOPERS were empowered to obtain necessary clearances and permissions
and sanction of the Layout Plan from the Competent Planning Authority
concerned, in pursuance whereof, the DEVELOPERS obtained sanction of the
Layout Plan from the Hoskote Planning Authority, vide No. HPA/LAO/12/
2012-13, dated: 23.07.2012, according permission to develop the Schedule Lands
along with others lands in a total extent of Acres 12=17 Guntas, comprised in
various survey numbers of Hoskote Village.
J.
WHEREAS, the OWNERS have represented to the DEVELOPERS as
follows: (a)
(b)
(c)
that the OWNERS are well possessed and seized with the Schedule
Lands and their title with regard to their respective holdings in the
Schedule Lands is good, marketable and subsisting and none other
has any right, title and interest or share therein.
that the Schedule Lands are not subject to any encumbrances,
attachments, court or acquisition proceedings or charges of any
kind and if found to be subjected to any sort of encumbrances, the
OWNERS undertake to clear the Schedule Lands of all such
encumbrances, liens and charges whatsoever.
that there are no legal impediments for the OWNERS to acquire or
hold or to sell the Schedule Lands under any law for the time being
in force, much less to enter into this Joint Development Agreement.
That acting on the above representations, the DEVELOPERS herein, being a well
known promoters in development of residential layouts in the field of property
development, have agreed to the proposal made by the OWNERS subject to
certain terms and conditions as mentioned below in this Development
Agreement.
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K.
WHEREAS, the DEVELOPERS have evolved a scheme of developing a
residential layout in the Schedule Lands in consultation with the OWNERS,
which Schedule Lands shall be a part and parcel of and, be integrated into the
larger township being developed by the DEVELOPERS and accordingly deem it
desirable to reduce the terms and conditions of their arrangement into writing as
is set out below under this Development Agreement: NOW THIS AGREEMENT WITNESSES AS FOLLOWS: That in pursuance of the foregoing and subject to the mutual obligations
undertaken by the OWNERS and the DEVELOPERS under this Agreement, the
OWNERS and the DEVELOPERS hereby agree to develop all that Schedule
Lands measuring Acres 03=37 Guntas, comprised in Sy. No.412/1, 412/2 and
412/3 of Hoskote Village, Kasaba Hobli, Hoskote Taluk, and that –
1.
(a)
On the execution of this Agreement, the DEVELOPERS will become
entitled to develop the Schedule Lands as a residential Layout, at their
own cost and expenditure.
(b)
The DEVELOPERS shall lay out, carve and complete for the OWNERS
their share of conveyable sital areas in the Schedule Lands, in
consideration of the DEVELOPERS’ SHARE of the Schedule Lands
herein agreed to be transferred from the OWNERS to the
DEVELOPERS.
(c)
In consideration of the DEVELOPER completing the OWNERS
entitlement as aforesaid to the OWNERS, the OWNERS shall convey
the DEVELOPER’S SHARE in the Schedule Lands to the
DEVELOPERS or their nominee/s
PERMISSION FOR DEVELOPMENT:
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1.1)
The OWNERS authorize the DEVELOPERS and the DEVELOPERS agree
to undertake the development of the Schedule Lands by developing a
Layout as per Sanctioned Plan subject to the terms of this Agreement. The
development shall be of first class quality and standard specifications as
agreed to between them.
1.2)
This Agreement by itself shall be construed as a Letter of Authority for the
DEVELOPERS to undertake the development work of the Schedule Lands.
1.3)
The OWNERS shall not revoke the permission so granted to the
DEVELOPERS, under any circumstances, till completion of the entire
project as the DEVELOPERS will be marketing their share of the
developed layout and incurring expenditure for developing the layout.
1.4)
The OWNERS hereby agree not to interfere or interrupt in the course of
development of the Schedule Lands and/or commit any act or omission
having the effect of delaying or stopping the work that has to be done
under this Agreement.
2.
PLANS/LICENCES:
2.1)
The DEVELOPERS shall prepare the necessary plans, drawings, designs
as required and shall obtain such sanctions/licenses and permissions as
are necessary from the concerned competent authorities.
The
responsibility and expenses for preparing such plans and obtaining of
such permissions, approvals, and licenses shall be borne by the
DEVELOPERS.
2.2)
The DEVELOPERS shall at their own cost, be also responsible to obtain all
necessary sanctions, permissions, No Objection Certificates, approvals,
etc., whatsoever, as may be required at the discretion of the
DEVELOPERS.
3.
DEVELOPMENT:
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3.1)
The DEVELOPERS shall develop the Schedule Lands into a residential
layout, to integrate into the larger development with all the amenities, like
roads, drains, water lines with overhead tank and electricity connections,
etc., as per the standard specifications agreed between the parties.
3.2)
The DEVELOPERS will be entitled to engage Architects, Engineers,
Contractors and others, as they deem fit to execute the development work,
however in case of disputes between the DEVELOPERS and their
contractors, architects, engineers and other workmen, suppliers of
materials and other persons who are engaged by the DEVELOPERS in the
development of the Schedule Lands, the same shall be settled by the
DEVELOPERS and the OWNERS shall have no liability of any nature
whatsoever.
3.3)
The DEVELOPERS hereby agree, assure and covenant that the quality and
specifications of the development shall be identical in respect of the shares
of both the OWNERS and DEVELOPERS of the proposed layout being
developed on the Schedule Lands.
4.
COST OF DEVELOPMENT/FINANCIAL CONSIDERATION:
4.1)
The entire cost of development of the layout on the Schedule Lands
including the area falling to the share of the OWNERS shall be borne by
the DEVELOPERS. The OWNERS shall not be required to contribute any
amount towards the cost of development.
4.2)
Any claim, cost, charge, expenses or compensation to be paid to the labour
employed by the DEVELOPERS, shall be paid by the DEVELOPERS and
the OWNERS shall not be responsible in any manner whatsoever for such
claims.
4.3)
The DEVELOPERS have this day paid unto the OWNERS, a sum of
Rs.20,00,000/- by way of (a) Cheque bearing No.861004 for Rs.10,00,000,
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dated: 08.08.2011 and (b) Cheque bearing No.926171 for Rs.10,00,000,
dated: 20.08.2011, both drawn on Karnataka Bank Ltd., Srinagar Branch,
Bangalore, favouring Sri. H. N. Aiyannappa, constituting refundable and
adjustable advance in terms of this Joint Development Agreement, the
receipt of which amount, the OWNERS hereby acknowledge.
4.4)
The amounts specified hereinabove shall constitute refundable and
adjustable advance payment constituting the consideration for Joint
Development, calculated at the rate of approximately Rs. 5,00,000/- per
acre, which refundable advance as specified above shall be liable to be
refunded and repaid by the OWNERS to the DEVELOPERS at the time of
delivery of OWNERS SHARE of sital areas.
5.
SHARING OF DEVELOPED SITAL AREA/CONSIDERATION:
5.1)
The parties agree that the Schedule Lands should be developed as a layout
by carving out residential sites, by laying roads and providing the
amenities like, water, electricity and drainage, as per the Layout Plan
approved by the Planning Authority concerned, i.e., the Hoskote Planning
Authority. The parties agree to share the developed sital area in the
layout in the following ratio: (a) 40% (forty percent) to the DEVELOPERS and hereafter referred to as
the DEVELOPERS’ SHARE/AREA.
(b)
5.2)
60% (sixty percent) to the OWNERS and hereafter referred to as the
OWNERS’ SHARE/AREA.
In consideration of the OWNERS agreeing to transfer specified 40% (forty
percent) share in the sites formed in the Schedule Lands to the
DEVELOPERS or their nominee/s, the DEVELOPERS shall develop and
deliver 60% (sixty percent) of the sital area in the Schedule Lands for the
absolute use and/or benefit and ownership of the OWNERS. The cost of
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development and completion of the civil works of the entire layout
including the share of the OWNERS shall be borne by the DEVELOPERS
alone.
5.3)
The OWNERS shall be entitled to sell, mortgage, gift, lease or otherwise
dispose of their 60% share in the Schedule Lands and shall be entitled to
all income, gains, capital appreciation and benefit of all kinds of
description accruing, arising or flowing there from and shall be entitled to
sell the same at their sole discretion.
5.4)
The DEVELOPERS shall be entitled to the remaining 40% share in the
Schedule Lands and shall be entitled to all income, gains, capital
appreciation and benefit of all kinds of description accruing, arising or
flowing there from and shall be entitled to sell the same at their sole
discretion.
5.5)
The OWNERS and the DEVELOPERS confirm that the specific sites by
their numbers and dimensions, constituting the 40% share in the Schedule
Lands falling to the share of the DEVELOPERS and known as the
DEVELOPERS’ SHARE and the specific sites by their numbers and
dimensions, constituting the 60% share in the Schedule Lands falling to
the share of the OWNERS and known as the OWNERS’ SHARE shall be
identified and agreed upon by the parties by entering into a Sharing/
Allocation Agreement at a later date, on the Layout Plan being approved
by the Competent Planning Authority.
6.
TIME FOR COMPLETION:
6.1)
The DEVELOPERS shall carry on with the developmental work and
complete the layout work in terms of this Agreement, within 18
(Eighteen) months from the date of sanction of Layout Plan, without
undue delay.
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6.2)
The time specified above, however, shall be liable to be extended in the
event of force majeure, acts of god, Governmental interference, title
litigations or change of policy and/or such other event rendering
completing of the Layout beyond the powers and capacity of the
DEVELOPERS for no fault of the DEVELOPERS.
7.
7.1)
TITLE:
The OWNERS have delivered unto the DEVELOPERS all the original
documents of title pertaining to the Schedule Lands.
7.2)
The OWNERS assure that the above named owners are the only persons
having right, title and interest in and over the Schedule Lands and that no
other person has any share, claim, right, title or interest in the Schedule
Lands.
7.3)
That the OWNERS hold out and declare that their title to the Schedule
Lands is good, legally valid, subsisting and marketable and that there are
no legal impediments to enter into this Joint Development Agreement.
8.
INDEMNITY:
8.1)
The OWNERS shall keep the DEVELOPERS fully indemnified and
harmless, against any loss or liability, cost or claim, action or proceedings
that may arise against the DEVELOPERS on account of any defect in or
want of title on the part of the OWNERS or on account of any delay
caused at the instance of the OWNERS
8.2)
The DEVELOPERS shall keep the OWNERS fully indemnified and
harmless against any loss or liability, cost or claim, action or proceedings
that may arise against the OWNERS in respect of the Schedule Lands by
reason of any failure on the part of the DEVELOPERS to discharge their
liabilities/obligations to the labour employed by them or any claims of the
labour contractors or on account of any act of omission or commission in
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using the Schedule Lands and further the DEVELOPERS shall be fully
liable and responsible to the Government or any statutory authority and
all other authorities for compliance of all the statutory requirements
regarding the development work of formation of residential layout.
9.
TRANSFER OF DEVELOPERS’ SHARE/POWER OF ATTORNEY:
9.1)
The OWNERS agree to willfully participate and co-operate with the
DEVELOPERS and sign all such documents, deeds, applications,
affidavits, indemnities, whatsoever required to facilitate the
DEVELOPERS to seek and obtain sanction of conversion, No objection
Certificates, approvals, permissions as also approval of the Layout Plan.
9.2)
That in the alternative the OWNERS agree and undertake to execute an
appropriate General Power of Attorney nominating the DEVELOPERS or
their nominee/s empowering such Attorney to do all such acts, deeds and
things as may be required and contemplated for purposes of Clause-9.1
hereinabove.
9.3)
That the OWNERS agree and undertake to execute and cause registration
of proper General Powers of Attorney as may be required, simultaneously
at the time of and along with the execution of the Allocation/Sharing
Agreement, thereby empowering the DEVELOPERS to sell, transfer and
convey sites falling to the share of the DEVELOPERS constituting the
DEVELOPERS’ SHARE of the Schedule Lands.
9.4)
That in the meanwhile, the OWNERS confirm having no objection for the
DEVELOPERS by virtue of this Joint Development Agreement to assign
all their rights under this Agreement in favour of a third person, however,
with the written consent in that behalf being first obtained from the
OWNERS as also no objection for the DEVELOPERS to enter into any
Memorandum or Agreement whatsoever for sale of the DEVELOPERS’
SHARE of sites in favour of prospective purchaser/s, for such
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consideration as may be deemed fit at the sole discretion of the
DEVELOPERS.
9.5)
The stamp duty, registration charges and expenses in connection with the
preparation and execution of the Deed/s of Conveyance and/or other
documents relating to DEVELOPERS’ SHARE in the land comprised in
the Schedule Lands agreed to be conveyed to the nominees of the
DEVELOPERS shall be borne by the DEVELOPERS alone.
9.6)
The OWNERS shall on execution of this Agreement, when called upon by
the DEVELOPERS, execute one or more General Powers of Attorney
(G.P.As) in favour of the DEVELOPERS herein granting powers and
authority to the DEVELOPERS to act for and on behalf and in the name of
the OWNERS in respect of the matters set out therein with regard to the
Schedule Lands and the terms of this Agreement.
9.7)
That in the event of any of the OWNERS not being able to get specific sites
carved within the boundaries of the Schedule Lands, by virtue of any road
or other development being permitted in such items of Schedule Lands, as
per the Approved Plan of the Competent Authority, the DEVELOPERS
shall facilitate to ensure allocation and sharing of the OWNERS SHARE of
sites from other items of lands, in which event the ensuing expenses
regarding stamp duty, registration fee, etc., in respect of such
conveyances, in favour of the OWNERS shall be borne by the
DEVELOPERS and the OWNERS in the ratio of 75:25, i.e., 75% to be borne
by the DEVELOPERS and 25% to be borne by the OWNERS.
10.
TAXES, MAINTENANCE, DEPOSITS, ETC.,
10.1) The OWNERS shall be liable to bear and pay the property tax pertaining
to the Schedule Lands up to the date of this Agreement.
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10.2) After completion of development of the Schedule Lands, the municipal tax
in respect of the OWNERS SHARE shall be borne by the OWNERS and
the DEVELOPERS shall bear the municipal tax in respect of the
DEVELOPERS’ SHARE.
10.3) The DEVELOPERS shall be liable to bear and pay all such taxes, cess,
levies, rates and charges, including incidence of capital gains tax or
income tax, in respect of DEVELOPERS’ SHARE of the Schedule Lands
and all such outgoing charges thereof and all such statutory dues and
fines, if any, as may be called upon and applicable in respect of this Joint
Development Agreement.
10.4) That likewise, the OWNERS shall be liable to pay all such taxes, cess,
levies, statutory charges, etc., including incidence of capital gains tax or
income tax, in respect of their share of the Schedule Lands or by virtue of
this Joint Development Agreement.
11.
OBLIGATIONS OF THE OWNERS:
The OWNERS Shall –
(a)
(b)
(c)
(d)
make their title to the Schedule Lands perfect, absolute, clear and
marketable;
pay up-to-date taxes till the date of delivery of possession of the
Schedule Lands as contemplated hereinabove;
adhere to the terms and conditions hereinabove mentioned;
simultaneously with the execution of the Sharing/Allocation
Agreement, to execute General Power of Attorney in favour of the
DEVELOPERS in respect of the DEVELOPERS 40% (forty percent)
share of the developed sital areas in the Schedule Lands for purposes
of sale and conveyance of sites, constituting the DEVELOPERS SHARE
in the Schedule Lands;
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(e)
(f)
(g)
12.
to furnish and deliver xerox/certified copies, in the first instance and
deliver to the custody of the DEVELOPERS at the time of execution of
this Joint Development Agreement, all the original documents of title,
pertaining to the Schedule Lands;
to permit inspection and copies of the original title deeds, pertaining to
the Schedule Lands, during the interregnum period;
to do all such acts, deeds and things in order to effectuate the
completion of layout;
OBLIGATIONS OF THE DEVELOPER:
The DEVELOPER shall –
(a)
(b)
(c)
(d)
(e)
13.
obtain change of land use, if need be, of the Schedule Lands to be able
to develop the Schedule Lands into a residential layout, from the
Competent Authority;
complete development and deliver possession of the OWNERS
developed sital area with in the period agreed, but subject to Clause-5
hereinabove mentioned;
be liable for all statutory liabilities arising with regard to employment
of
Professionals, workmen, contractors, etc.,
to pay all statutory deposits, levies, charges, whatsoever with regard to
the project herein envisaged;
on completion of the civil works, to make over to the OWNERS, the
OWNERS’ SHARE of sites or in the event of exercise of pre-emptive
right of purchase of sites, to pay to the OWNERS, the mutually agreed
consideration for transfer and sale of such sites;
FURTHER RIGHTS OF THE DEVELOPER:
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13.1) The DEVELOPERS shall have at their option a further right of
construction or utilization of the plots carved out of the Schedule Lands,
constituting the DEVELOPER’S SHARE, as may be required by the
DEVELOPER, at their sole discretion, without reference to the OWNERS
or without liability in that regard to the OWNERS.
13.2) The DEVELOPERS shall have right to decide the manner and method of
approaches and integration of the Schedule Lands in the larger
development at their sole discretion.
14.
NAME OF THE PROJECT:
The name of the layout or block may be decided by the DEVELOPERS and
shall at any rate form part and parcel of and integrate into the larger
development.
15.
BREACH AND CONSEQUENCES:
15.1) In the event of breach by either party, the other party (the aggrieved
party) shall be entitled to specific performance and also be entitled to
recover all losses and expenses incurred as a consequence of such breach
from the party committing breach.
16.
OTHER MATTERS:
16.1) All amendments or modifications or instructions and confirmations
required under this Development Agreement shall be made by mutual
consent and they must be in writing, identified as an amendment/
Rectification to this Agreement and signed by an authorized
representative of each party.
16.2) This Development Agreement and the General Power of Attorney
executed by the OWNERS in favour of the DEVELOPERS shall be duly
stamped and registered before the Sub-Registrar, exercising relevant
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jurisdiction over the Schedule Lands. The expenses relating the same shall
be borne by the DEVELOPERS only.
17.
MISCELLANEOUS:
17.1) The invalidity or unenforceability of any provision of this Development
Agreement shall not affect the validity or enforceability of any other
provision of this Development Agreement, each of which shall remain in
full force and effect. If one or more provisions of this development
Agreement are held to be unenforceable under applicable law, the parties
agree to renegotiate such provision in good faith.
In the event the parties cannot reach a mutually agreeable and enforceable
replacement for such provisions, then (i) such provisions shall be excluded
from the Development Agreement, (ii) the balance of the Development
Agreement shall be interpreted as if such provision were so excluded and
(iii) the balance of the Development Agreement shall be enforceable in
accordance with the terms contained therein.
17.2) All the original rights of the parties under this Agreement will remain in
full force notwithstanding the failures of either party to insist upon the
strict performance of this Agreement by the other party. Any neglect or
forbearance or delay in enforcement in any rights thereof will not be
construed as a waiver of the same and both the parties will at any time
thereafter be entitled to call upon the other party to comply strictly with
the provisions hereof, whether for the same or for a subsequent default.
17.3) This Agreement is duly executed and the original shall be with the
DEVELOPERS and a certified/xerox shall be with the OWNERS.
18.
NOT PARTNERSHIP
Page 18 of 36
The development contemplated under this agreement shall not be
considered as partnership as contemplated either under the Indian
Partnership Act, 1932, or the Income Tax Act, 1961. This Agreement is not
an Agreement of Sale or Transfer under section 53A of the Transfer of
Property Act.
19.
AMENDMENT OR WAIVER :
19.1
This Agreement nor any of the terms hereof may be amended, changed,
waived, discharged or terminated unless such amendment, change,
waiver, discharge or termination is in writing signed by both the parties.
19.2 No forbearance, indulgence or relaxation of any party at any time to
require performance of any provision of this Agreement shall in any way
affect, diminish or prejudice the right of such party to require
performance of the same by the other party.
20.
ARBITRATION:
In the event of any disputes between the parties hereto relating to the
matters mentioned above, the same shall be resolved through Arbitration
as per the provisions of the Arbitration and conciliation Act, 1996 and the
statutory modifications thereof, by appointment of one Arbitrator by the
OWNERS and one by the DEVELOPERS and an Umpire if necessary. The
Arbitration proceeding shall be conducted at Bangalore on the date, time
and place as decided by the Arbitrator/s so appointed for this purpose.
19.
JURISDICTION:
Page 19 of 36
The Courts in Bengaluru District alone shall have the jurisdiction to try
the matters envisaged under this Agreement in the event of any dispute
arising.
SCHEDULE–A
(land belonging to Sri. H. N. vvvvvv)
All that piece and parcel of the residentially converted land measuring 01 Acre
25.08 Guntas, comprised in Sy. No.vvvvvvvvvv of Hoskote Village, Kasaba
Hobli, Hoskote Taluk, Bengaluru Rural District, and bounded on the –
East
West
North
South
by:
by:
by:
by:
Land in Sy. No. v
Land in Sy. No. vv 4vvvv
Road & Land in Syvvv
Halla
SCHEDULE–B
(land belonging to Sri. H. N. vvvvvv)
All that piece and parcel of the residentially converted land measuring 01 Acre
04.08 Guntas, comprised in Sy. No.vvvvvvvvv of Hoskote Village, Kasaba
Hobli, Hoskote Taluk, Bengaluru Rural District, and bounded on the –
East
West
North
South
by:
by:
by:
by:
Land in Sy. No. 412/3
Land in Sy. No. 412/1
Land in Sy. No. 414
Halla
SCHEDULE–C
(land belonging to Sri. H. N. vvvvvv)
Page 20 of 36
All that piece and parcel of the residentially converted land measuring 01 Acre
07 Guntas, comprised in Sy. No.vvvvvv/3 of Hoskote Village, Kasaba Hobli,
Hoskote Taluk, Bengaluru Rural District, and bounded on the –
East
West
North
South
by:
by:
by:
by:
Land in Sy. No. vv
Land in Sy. No. 412/3
Road & Land in Sy. vvvvv
Halla
IN WITNESS WHEREOF, the OWNERS and the DEVELOPER have executed
this Joint Development Agreement, on the day, month and year first above
mentioned, at Bangalore, in the presence of witnesses.
WITNESSES:
LAND OWNERS,
1.
1.
2.
3.
4.
5.
2.
6.
7.
Page 21 of 36
8.
9.
3.
10.
being minor rep. by her
father& natural guardian
11.
12.
being minor rep. by her
father& natural guardian
4.
13.
being minor rep. by his
father& natural guardian
DEVELOPER
1.
Page 22 of 36
S
2.
Page 23 of 36
GENERAL POWER OF ATTORNEY
THIS GENERAL POWER OF ATTORNEY, is executed on this Twenty Eighth
day of September Two Thousand Twelev (28.09.2012) by 1-12, all are residents
of Melinapete, Hoskote Town, Hoskote Taluk, BENGALURU RURAL
DISTRICT, hereinafter unless otherwise specified, collectively referred to as the
“OWNERS” (which expression shall wherever the context so requires and
permits, mean and include their respective heirs, legal representatives,
successors, executors administrators and assigns) of the FIRST PART,
In favour of –
1.
SRI. xxxxxxxx R.,
S/o. Sri. Rangaswamy,
Aged about 35 years,
Residing at No. 38/1,
S. S. D. Paradise Apartment,
10th Cross, 1st Main, Kathriguppe,
B. S. K. III Stage, & 3rd Phase,
BENGALURU – 560 085.
Hereinafter referred to as the “FIRST NAMED DEVELOPER”
2.
SRI. xxxxxxxxxxx
S/o. Sri. Appu Rao,
Aged about 45 years,
R/a. No. 74/14, 3rd Cross,
Sameerpura, K. G. Nagar,
BENGALURU – 560 018.
Hereinafter referred to as the “SECOND NAMED DEVELOPER”
Page 24 of 36
Hereinafter unless otherwise specified ‘the first named Developer’ and ‘the
second named Developer’ together referred referred to as the “DEVELOPERS”
(which expression wherever the context so requires or admits of, shall mean and
include their respective heirs, legal representatives, executors, administrators &
assigns) of the SECOND PART;
A.
WHEREAS, Sri. H. N. xxxxxxxx, the first named of the OWNERS is the
absolute owner in peaceful possession and enjoyment of all that piece and parcel
of the residentially converted land measuring 01 Acre 25.08 Guntas, comprised
in Sy. No. bbbbbbbb of Hoskote Village, Kasaba Hobli, Hoskote Taluk,
Bengaluru Rural District, morefully described in Schedule-A hereunder and
hereinafter referred to as SCHEDULE-A LAND;
B.
WHEREAS, Sri. H. N. Munishamappa, the seventh named of the OWNER
is the absolute owner in peaceful possession and enjoyment of all that piece and
parcel of the residentially converted land measuring 01 Acre 04.08 Guntas,
comprised in Sy. No. nnnnnnnnn of Hoskote Village, Kasaba Hobli, Hoskote
Taluk, Bengaluru Rural District, morefully described in Schedule-B hereunder
and hereinafter referred to as SCHEDULE-B LAND;
C.
WHEREAS, Sri. H. N. Babu, the eleventh named of the OWNER is the
absolute owner in peaceful possession and enjoyment of all that piece and parcel
of the residentially converted land measuring 01 Acre 07 Guntas, comprised in
Sy. No. nnnnnnnnn of Hoskote Village, Kasaba Hobli, Hoskote Taluk,
Bengaluru Rural District, morefully described in Schedule-C hereunder and
hereinafter referred to as SCHEDULE-C LAND;
D.
WHEREAS, the Schedule-A, Schedule-B and Schedule-C Lands, in all
measuring 03 Acres 37 Guntas, comprised in old Sy. No. 412 and after Hissa,
bearing Sy. Nos. 412/1, 412/2, and 413/3 respectively of Hoskote Village, Kasaba
Hobli, Hoskote Taluk, Bengaluru Rural District, mentioned hereinbelow, unless
otherwise specified, are collectively hereafter referred to as “SCHEDULE
LANDS”.
Page 25 of 36
E.
WHEREAS, Sri. H. M. Narayanappa (the father of the first, seventh and
eleventh named of the OWNERS herein and the grandfather of the remaining
OWNERS herein,), was in possession and enjoyment, as an absolute owner of all
that piece and parcel of property bearing Sy. No. 412 of Hoskote Village, having
purchased the same under a Sale Deed, dated: 05.03.1968, registered as document
No. 1005/68-69 at Pages 52-55 of Volume 1219 of Book-I, in the office of the SubRegistrar, Hoskote, from its previous owners Mr. Abdul Razaak, S/o. Late Abdul
Gafoor and his three children,
F.
WHEREAS, the said Sri. H. M. Narayanappa died intestate, leaving
behind his wife, Smt. Ramakka and their four children, i.e., Sri. H. N.
Aiyannappa, Sri. H. N. Munishamappa, Sri. H. N. Babu and Smt. H. N.
Shakunthalamma, as his only surviving legal heirs to succeed to his estate.
G.
WHEREAS, Smt. Ramakka and her four children, i.e., Sri. H. N.
Aiyannappa, Sri. H. N. Munishamappa, Sri. H. N. Babu and Smt. H. N.
Shakunthalamma, all being the legal heirs of Late H. M. Narayanappa, entered
into a Deed of Partition, dated: 20.11.2004, registered as document No. HSK-104121/2004-05 of Book-I and stored in C. D. No. HSKD28, in the office of the
Sub-Registrar, Hoskote, Bangalore, partitioning thereunder several properties,
including land measuring 03 Acres 36 Guntas, comprised in Sy. No. 412 of
Hoskote Village, among themselves. That in terms of such partition, the
Schedule-B Properties enumerated therein was allotted to share of Sri. H. N.
Aiyannappa, the first named of the OWNERS herein, and Item No. 7 of the
Schedule-B Property mentioned therein is land in an extent of 01 Acre 25.08
Guntas, comprised in Sy. No.412 of Hoskote Village, Kasaba Hobli, Hoskote
Taluk, i.e., the Schedule–A Land herein. Likewise, the Schedule-C Properties
enumerated therein was allotted to share of Sri. H. N. Munishamappa, the
seventh named of the OWNERS herein, and Item No. 7 of the Schedule-C
Property mentioned therein is land in an extent of 01 Acre 04.08 Guntas,
comprised in Sy. No.412 of Hoskote Village, Kasaba Hobli, Hoskote Taluk, i.e.,
the Schedule–B Land herein, and likewise, the Schedule-D Properties
enumerated therein was allotted to share of Sri. H. N. Babu, the eleventh named
of the OWNERS herein, and Item No. 7 of the Schedule-D Property mentioned
Page 26 of 36
therein is land in an extent of 01 Acre 07 Guntas, comprised in Sy. No.412 of
Hoskote Village, Kasaba Hobli, Hoskote Taluk, i.e., the Schedule–C Land herein;
H.
WHEREAS, on the basis of such Partition Deed, mutation came to be
ordered and recorded in the names of Sri. H. N. Aiyannappa, Sri. H. N.
Munishamappa, Sri. H. N. Babu, in respect of their respective holdings in Sy. No.
412 of Hoskote Village, vide, MR.104/2004-05, and accordingly the names of
Sri. H. N. Aiyannappa, Sri. H. N. Munishamappa, Sri. H. N. Babu came to be
recorded in the RTCs, as owners, occupiers and cultivators of their respective
holdings in the Schedule Lands, in respect of which hissa phodi was effected in
terms whereof, the share of Sri. H. N. Aiyannappa came to bear Sy. No. 412/1
and the share of Sri. H. N. Munishamappa came to bear Sy. No. 412/2 and
likewise, the share of Sri. H. N. Babu came to bear Sy. No. 412/3 and that ever
since from the date of acquisition of title, the Vendors have been in continuous
peaceful possession and enjoyment of the said lands as absolute co-owners by
paying taxes regularly in respect of the said lands;
I.
WHEREAS, all the above said lands have been converted from
agricultural to non-agricultural residential purposes, vide Official
Memorandum bearing No. ALN (HOKA) CR. 77/2011-12, dated: 27.01.2012, of
the Additional Deputy Commissioner, Bangalore Rural District, Bangalore,
which residentially converted lands are morefully described in the schedule
hereunder, and hereinafter collectively referred to as “SCHEDULE LANDS” and
the OWNERS are in peaceful possession and quiet enjoyment of the Schedule
Lands with clear, valid, subsisting, unimpeachable and marketable title to the
same.
WHEREAS, the OWNERS and the DEVELOPERS have entered into a Joint
Development Agreement to develop the Schedule Property, on 26.04.2013,
registered as Document No…….………../2012-13 of Book-I and stored in C. D.
No. ……………, in the office of the Sub-Registrar, Hoskote, wherein the parties
have agreed to share the Schedule Property in the ratio of 40% to the
DEVELOPERS SHARE, and 60% to the OWNERS, enumerated in the Joint
Development Agreement and known as the OWNERS SHARE.
Page 27 of 36
WHEREAS, pursuant thereto it has become necessary for us to empower
the said Developers to develop and sell their respective share of sites in the
DEVELOPER’S SHARE, and hence we, the above named, do hereby appoint,
nominate and constitute (i) SRI. SRINIVAS MURTHY. R., S/o. Sri.
Rangaswamy, Aged about 35 years, residing at No. 38/1, S. S. D. Paradise
Apartment, 10th Cross, 1st Main, Kathriguppe, B. S. K. III Stage, BENGALURU –
560 085, and (ii) SRI. RAJASHEKAR. A., S/o. Sri. Appu Rao, Aged about 45
years, residing at No. 74/14, 3rd Cross, Sameerpura, K. G. Nagar, BENGALURU
– 560 018, and persons duly authorized by them from time to time as our true
and lawful attorneys for us and in our name and on our behalf interalia to do all
or any of the following acts, deeds and things, that is to say: A.
POWER TO DEVELOP:
1)
To appear for and represent us before the Bangalore Development
Authority, BMRDA, Hoskote Planning Authority, Town Municipal Council,
Government, Semi-Government offices, Statutory Offices, Panchayaths, Local
Bodies and other Authorities, Karnataka Power Transmission Corporation
Limited/KPCL/Electricity Supply Company Limited, Water Supply and
Sewerage Board, Telephone Department, Police Department, Airport
Authorities, Fire Force Authorities and in all other offices and apply for and
obtain orders for grant of any plans, licenses, sanctions, orders etc., for
developing the Schedule Lands and for the said and other purposes incidental
thereto, to sign and execute necessary petitions, applications, forms, affidavits,
declarations, undertakings, indemnities and other deeds containing such
covenants as may be required for securing the aforesaid and to take all steps
necessary to secure plans, licenses and other permissions for development and
other purposes in the Schedule Lands and also apply for renewal or
modifications thereof and pay necessary charges and levies and sums thereof.
2)
To submit, seek, apply for and obtain necessary approval, renewal,
modification of layout plans, sanctions, licenses, permissions whatsoever, to
Page 28 of 36
form a layout of residential sites in the manner of a full fledged residential
township with all necessary amenities and facilities in the Schedule Lands.
3)
To apply for and secure electricity, water and sanitary connections, and
other requirements which may be required in the Schedule Lands from the
concerned authorities.
4)
To appear on our behalf and in our name and to represent our interest
before the City Survey Authorities, Land Revenue and Assessor of Municipal
Rates and Taxes, Town Planning Authorities, and Municipal officers and
Councils and other Government and Semi-Government Offices, Panchayaths,
etc., for the renewal or grant of licenses and Permits or for any other purposes as
may be necessary under any Local Acts, Rules or Regulations and also to appear
before any public or Government office or other Authorities whomsoever in any
matter relating to the Schedule Lands.
5)
To appear for and represent us before any and all concerned Authorities
and parties as may be necessary, required or advisable for or in connection with
the development of the Schedule Lands and to make such arrangements and
arrive at such arrangements as may be conducive to the development of the
Schedule Lands.
6)
To take out, carry on and complete the development work of the Schedule
Lands by laying out roads, culverts, drains, sewerage systems, water lines, etc.,
and carving out sites as per the Approved Plan by engaging the services of the
professionals, Architects, Engineers and workmen.
7)
To entrust, assign and ensure the development work to such persons,
contractors or companies as deemed fit by our attorney.
8)
To apply for and obtain release of sites from the Hoskote Planning
Authority and if necessary to seek modification of the Approved Plan or renewal
of such Plans as may be necessary from the Hoskote Planning Authority.
Page 29 of 36
9)
To pay taxes, rates, charges, levies, fees, penalties, whatsoever in respect
of the DEVELOPERS’ SHARE of the Schedule Lands, and to make all such
deposits, payments, statutory dues, that may become necessary for obtaining
sanctions, permissions, etc., from the concerned authorities in respect of the
DEVELOPERS’ SHARE.
B.
SALE OF THE DEVELOPERS’ SHARE:
1)
To negotiate for sale or otherwise dispose of by way of sale,
DEVELOPERS’ SHARE of 40%, respectively, in the Schedule Lands, i.e., sites
carved out of the Schedule Lands and falling to the share of the DEVELOPERS,
as our attorney shall deem fit and in pursuance thereof to enter into and execute
such Agreements or deeds for sale in this regard on the terms and conditions so
decided by the Attorney.
2)
In pursuance to the above, to receive in our Attorneys’ name, the sale
consideration, from the purchaser/s and to give good, valid receipt/s and
discharge for the same, which will protect such parties without seeing the
application of the money. The sums received may be retained and used by our
Attorneys in any manner they deem it fit and need not be paid to us in view of
the Joint Development Agreement.
3)
In pursuance to the above, to execute and thereafter to present any
Agreement/s, Sale Deed/s or other Conveyance/s in respect of their respective
share of sites in the DEVELOPERS’ SHARE of the Schedule Lands and admit the
execution thereof before the Sub-Registrar having authority for and to have the
same registered in the manner required under law and to do all acts, deeds and
things, which the said Attorneys shall consider necessary or in any other manner
as our Attorney may deem it fit so as to fully and effectually convey the same.
Page 30 of 36
4)
To sign and execute necessary documents, declarations, affidavits,
undertakings and other documents required for completion of sale and/or
transfer and/or alienation of their respective share of sites in the DEVELOPERS’
SHARE of the Schedule Lands or in respect of any matter relating to their
respective share of sites in the DEVELOPERS’ SHARE and to do all other acts,
deeds and things that may be necessary for achieving the purposes mentioned
herein and for fully and effectually conveying DEVELOPERS’ SHARE in the
Schedule Lands, as we could do ourselves, if present.
C.
POWER TO MORTGAGE/CREATE CHARGE:
To seek, raise and borrow funds and facilities from Banks, Financial
Institutions and other public by creating equitable or other mortgage/s or on the
security of their respective share of sites in the DEVELOPERS’ SHARE of 40%
sital area in the Schedule Lands and development rights under the Joint
Development Agreement and in that regard submit all the original documents
for scrutiny, deposit with intent to create mortgage and to sign and execute
requisite Mortgage Deeds, Discharge Deeds or other documents as may be
required thereof and on such terms and conditions as our Attorneys deem fit
and get the same registered before the jurisdictional Sub-Registrar in the manner
required under law and for the said purposes sign and execute necessary forms,
declarations, affidavits, etc., All or any liability created by our said Attorneys
herein shall be discharged by the Attorneys only and we the OWNERS shall not
be liable personally or answerable to such mortgages in respect of such
borrowings, mortgage, etc., committed by the DEVELOPERS.
D.
OTHER POWERS:
1)
In case of any dispute between the Attorneys and a purchaser, to
specifically enforce all the Agreements and Deeds as aforesaid in either a Court
of Competent of Jurisdiction or by Arbitration.
Page 31 of 36
2)
To present before any Officer, Authority, Banks, Courts and Acquisition
Officers, Revenue Officers, Municipal Offices in all matters relating to the
DEVELOPERS’ SHARE in the Schedule Lands.
3)
In pursuance to the above in order enforce or defend any acts of the
respective DEVELOPERS as above or to protect their respective share of sites in
the DEVELOPERS’ SHARE in the Schedule Lands, to institute, defend and
prosecute, enforce or resist or continue any suit or other actions and proceedings,
appeals, in any court anywhere in its Civil, Criminal, Revenue, Revision or
before any Tribunal or Arbitration or Industrial Court, Income Tax and Sales Tax
Authorities to execute warrant of Attorney, Vakalathnama
and
other
Authorities to act and to plead and to sign and verify plaints, written
statement, petitions and other pleadings including pleadings under Article 226 of
the Constitution of India and also to present any Memorandum of Appeal,
Accounts, Inventories, to accept service of summons, notices and other legal
processes, enforce judgment, execute and decree or order to appoint and engage
advocates, auditors, tax practitioners and other legal agents, etc., as our
Attorneys think fit and proper and to adjust, settle all accounts, to refer to
arbitration all disputes and differences, to compromises cases, to withdraw the
same, to be non-suited and to receive delivery of documents or payments of any
money or monies from any court, office or opposite party either in execution of
decree or order or otherwise as they shall think fit and proper and to bid in Court
and/or Revenue Sales/Auction and do all acts, deeds and things, that may be
necessary or requisite in connection therewith.
4)
To appear for and represent us before the Income Tax Department and its
Offices and to apply for and obtain necessary Income Tax Clearance Certificates,
No objection Certificates and other permissions required for completion of sale
of the DEVELOPERS’ SHARE in the Schedule Lands to the extent referred above
and for the said and other purposes sign and execute necessary documents,
affidavits, declarations, indemnities, etc.,
5)
Generally to do any or all other acts, deeds and things are incidental to the
execution of such powers for completion of the above.
Page 32 of 36
6)
That our Attorneys are also vested with powers of delegation all or any of
the powers contained herein in favour of one or more person/s as may be
desirable, at the sole discretion of our Attorneys.
This Power of Attorney is executed in pursuance to the Joint Development
Agreement and shall not be revoked until the development of the Schedule
Lands are completed and shall come to an end automatically on the termination
of the Joint Development Agreement.
WE HEREBY AGREE AND UNDERTAKE TO RACTIFY AND
CONFIRM all and whatsoever the said Attorney may lawfully do pursuant to
this Power of Attorneys.
SCHEDULE–A
(land belonging to Sri. H. N. Aiyannappa)
All that piece and parcel of the residentially converted land measuring 01 Acre
25.08 Guntas, comprised in Sy. No.mmmmmmmmmmm Village, Kasaba Hobli,
Hoskote Taluk, Bengaluru Rural District, and bounded on the –
East
West
North
South
by:
by:
by:
by:
Land in Sy. No. 412/2
Land in Sy. No. 409, 410 & 411
Road & Land in Sy. No. 415
Halla
SCHEDULE–B
(land belonging to Sri. H. N. Munishamappa)
All that piece and parcel of the residentially converted land measuring 01 Acre
04.08 Guntas, comprised in Sy. No.nnnnnnnnnnnnnnn Village, Kasaba Hobli,
Hoskote Taluk, Bengaluru Rural District, and bounded on the –
Page 33 of 36
East
West
North
South
by:
by:
by:
by:
Land in Sy. No. 412/3
Land in Sy. No. 412/1
Land in Sy. No. 414
Halla
SCHEDULE–C
(land belonging to Sri. H. N. Babu)
All that piece and parcel of the residentially converted land measuring 01 Acre
07 Guntas, comprised in Sy. No.vvvvv/3 of Hoskote Village, Kasaba Hobli,
Hoskote Taluk, Bengaluru Rural District, and bounded on the –
East
West
North
South
by:
by:
by:
by:
Land in Sy. No. 412 & Road
Land in Sy. No. 412/3
Road & Land in Sy. No. 414
Halla
IN WITNESS WHEREOF, we have executed this General Power of Attorney on
the day month and year first above mentioned in the presence of witnesses, at
Bangalore.
WITNESSES:
1.
1.______________________
2.______________________
3.______________________
4.______________________
5.______________________
Page 34 of 36
2.
6.______________________
7.______________________
8.______________________
9.______________________
10._____________________
being minor rep. by her
father& natural guardian
11._____________________
12._____________________
being minor rep. by her
father& natural guardian
13._____________________
being minor rep. by his
father& natural guardian
Page 35 of 36
EXECUTANTS
(O W N E R S)
1.
2.
DEVELOPERS
(ATTORNEY)
(Accepted by us)
Page 36 of 36