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BETWEEN
Smt V.PADMAVATHY
W/o Mr. N. Vishwanath
Aged about 54 years
residing at No No.255/6,
7th Main Road,
N.S Palya, BTM II Stage,
Bangalore 560 076.
AND
IN FAVOUR OF
Mr. Jaison Joy S/o Mr. Joy Sebastian, aged about 36 years,
residing at #14, 1st Floor, Royal Meridian Layout, 16th Main,
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Begur Road, Bommanahalli, Bangalore-560068 Pan
No.AGHPJ9860A hereinafter called the "PURCHASERS" (which
expression shall, unless the context otherwise admits, mean and
include his/her heirs, successors-in-interest, legal representatives,
administrators and executors); of the OTHER PART.
The Vendors, the Developer and the Purchaser are individually referred
to as a “Party” and collectively as “Parties”.
WITNESSES AS FOLLOWS:
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WHEREAS the Vendor have formulated the scheme for the
development of the schedule property into multi storied residential
building has entered into Joint Development Agreement dated
15.10.2015 with M/S. VISTARA VENTURES the Developer herein
registered as Document No. JAY-1-05929-2015-16 stored in CD No.
JAYD237 in the office of Sub Registrar, Jayanagar Bangalore. The said
document further discloses that the owners shall convey and transfer
60% of undivided right in the schedule property in favour of the
Developer and the builder inturn form and deliver 40% of super built
up area in favour of owner.
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undivided share, right, title and interest in the Schedule ‘A’ Property
described in Schedule B’ hereunder has approached the VENDOR to
purchase the schedule “B” and “C” Properties for a sale consideration
mentioned below, subject to the rights, covenants and obligations,
appended hereto, which is required to the observed and performed by
the purchaser
(a) That the sale of the Schedule ‘C’ Property in favour of the
Purchaser shall be free from attachments, encumbrances,
court proceedings or charges or any kind;
(e) That the VENDOR/Developer shall pay all taxes, rates and
cesses in respect of the Schedule ‘A’ Property upto the
date of completion of the Apartment Complex.
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(f) That the VENDOR/Developer has obtained commencement
certificate and would obtain occupation certificate from the
concerned authorities after completion of the project.
10. All that Piece and Parcel of the immovable property bearing Sy.
No. 312 Situated at Begur Village, Begur Hobli, Bangalore South
Taluk duly converted vide order No. B.DS.ALN.SR (5) 524/2004-
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05 Dated 27.01.2005 and 31.03.2005 issued by the Special
Deputy Commissioner Bangalore Distract Bangalore measuring
23,958 Sq.ft or 0.22 guntas and bounded on the
ITEM 2
All that Piece and Parcel of the immovable property bearing Site
No.193 old Khatha No. 686, converted out of converted Sy. No. 312
duly converted vide order No. ALN/SR/(S)134/2000-01 Dated
02.12.2000, Situated at Begur Village, Begur Hobli, Bangalore South
Taluk measuring East to West 35 ft and North to South 45 ft
totally measuring 1575 Sq.ft and bounded on the
East : Site No. 194
West : Site No. 192
North : Road
South : Private Property belonging to V.Padmavathy
707 Square Feet undivided share, right, title and interest in the
Schedule B Property.
(Schedule of Payment)
% Value
Of In
Milestones Consideration Rupees
Total Own
At the time of signing this Contribution
agreement amount 9,80,000/-
Remaining
Consideration
On Registration / Handing Over Amount 30,20,000/-
Total 40,00,000/-
2) The right and liberty to the Purchaser and all persons entitled,
authorized or permitted by the Purchaser (in common with all
other persons entitled, permitted or authorized to a similar right)
at all times, and for all purposes, to use the staircases, passages
and common areas in the Building/s for ingress and egress and
use in common without hindering or encroaching upon the lawful
rights of other apartment owners in “SUNNINGDALE”.
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pipes and wires which are or may at any time hereafter be, in,
under or passing through the Building/s or any part thereof.
3) Not to use the space left open after construction in the Schedule
B Property in any manner which might cause hindrance or
obstruct the free movement of vehicles parked in the parking
spaces.
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8) The Purchaser shall become Member/s of the Owners'
Association and agree to observe and perform the terms and
conditions and bye-laws and rules and regulations of the
Association that may be formed and pay the admission fee and
other fees that may be required. The Purchaser shall pay all
common expenses and other expenses, taxes and outgoings in
terms hereof.
10) The Purchaser shall maintain the front elevation and the side and
rear elevations of the apartment, in the same form as
constructed by the DEVELOPER and not at any time alter the
said elevation in any manner whatsoever without the prior
consent in writing from the VENDOR or the Association, as the
case may be.
11) The Purchaser shall from the date of handing over possession,
maintain the apartment at her cost in a good and tenantable
repair and condition and shall not do or suffer to be done
anything in or to the said apartment and/or common passages,
or the compound which may be against the rules and bye-laws
of the municipal body or any other authority. The Purchaser shall
keep the apartment, walls, floor, roof, drains, pipes and
appurtenances thereto belonging in good condition so as to
support, shelter and protect the parts of the entire Building/s
and shall not do any work which jeopardises the soundness or
safety of the Building/s or the property or reduce the value
thereof or impair any easement or herediatment and shall not
add any structure or excavate any basement or cellar. The
Purchaser shall promptly report to the VENDOR or Association of
Apartment Owners as the case may be, of any leakage/seepage
of water/sewerage and the like through the roof/floor/wall of the
said apartment and especially with regard to the external and
common walls shared by the Apartment Owners.
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c) The Purchaser shall not alter the colour scheme of the
exterior of the Building/s or of the exterior lobby wall of
the said apartment though the Purchaser shall be entitled
to select and carry out decoration/painting of the interior
of the said apartment.
d) The Purchaser shall not do anything that may adversely
affect the aesthetic appearance / beauty of the Building/s,
nor do anything in the compound of the Property which
may cause any nuisance or obstruction or hindrance to the
other owners.
e) Any further or other construction that may be carried out
by and/or at the direction of the VENDOR, the Purchaser
shall not be entitled to object to the same or to cause any
obstruction or hindrance thereof, nor to ask for any
discount and/or rebate and/or abatement in the above
mentioned consideration.
14) The Purchaser is aware that the exclusive right of use of car
parking space in Stilt Floor will be allotted by the VENDOR to the
various Apartment Owners and that the right of use so allotted
shall vest solely in the respective Apartment Owner to whom it is
allotted, not withstanding that the reserved car parking space
forms part of the common area. The Purchaser shall have no
objection to such right of use being allotted. It is, however,
clearly understood that such right of use shall not vest in the
Purchaser any title to the land earmarked as Car Parking Space.
15) The Purchaser shall not at any time cause any annoyance,
inconvenience or disturbance or injury to the occupiers of other
apartments and parking spaces in “SUNNINGDALE” and
Purchaser specifically shall not:-
vii. Use the common corridors, stair cases, lift lobbies and
other common areas either for storage or for use by
servants at any time;
xi. Enter or trespass into the Parking Areas, Garden areas and
Terrace Areas not earmarked for general common use;
xv. Refuse to pay such sums as are demanded for use and
enjoyment of common facilities in “SUNNINGDALE”;
WITNESSES: DEVELOPER
For, M/s VISTARA VENTURES
Represented by its partners
1)
1. William M Pinto
2) 2. S K Prajwal
Jaison Joy
PURCHASER
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Annexure – I
SPECIFICATIONS
Doors and Windows: PVC frame and door shutters for toilets. Hard
wood frame for all other doors. Skin paneled shutter for Main Door.
Flush shutter for all other doors. Aluminum sliding windows.
Paint: Cement-based water proof paint for external walls and OBD
for internal walls and ceilings. Enamel paint for all MS & wood
works.
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