Sale of Plot Agreement

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                                      AGREEMENT OF SALE


Date:-

Reference No.

This Agreement of sale is made and executed on this the        _____ day of ___________2010, at
Hyderabad by:

Mr. Habib Abdul Razzaq AlBaghdadi (Alias Hadi Ali) S/o Late Mohammed Ali, Aged about 51
years, Occ: Business, Residence of Door No. 3-5-784/2, King Kothi, Hyderabad– 500 029,
Hyderabad, A. P.
                                                         (Hereinafter referred to as VENDOR)
                                    Which term shall mean and include all his legal heirs, legal
                                    representatives, Executors, administrators, successors, and
                                    assignees etc.

                                          IN FAVOUR OF

Mr / Mrs ________________________________S/o, _______________________________ Aged about
____ years, Occ:____________, R/o H. No. _________________________________________-
Hyderabad, 500 , A. P
                                                          (Hereinafter referred to as VENDEE)
                                     Which term shall mean and include all his legal heirs, legal
                                     representatives, Executors, administrators, successors, and
                                     assignees etc.,

         Whereas the Vendor is the absolute owner of contiguous piece of land in Survey Nos. 80 Part,
82, 83, 22, 78/A,B,C, 90, & 40, admeasuring about 135 Acres 00 Guntas , situated at “Hi-Grove
County” Manneguda village, under Grampanchayat Manneguda , Pudur Mandal, Vikarabad Taluq, R. R.
District. The Vendor purchased the above said property through various Registered Sale Deeds & in
order to develop the above mentioned land prepared a proposed layout plan under the name and style
“HiGrove County a gated community project” and applied for conversion of the above mentioned
land from Agriculture to Non-Agriculture and to use for housing purpose (Residential use only) in the
office of Revenue Divisional Officer, Vikarabad and got the necessary approval vide order No.
J/875/2007 dated 13.3.2008 & 17.4.2008 and submitted to the office of Grampanchayat for its sanction
and has been approved accordingly.

     Whereas, the Vendee approached the Vendor for purchasing of Villa/Plot No. ________,
admeasuring:-

   i) 500 Sq Yd land with buildup area of 1000 Sq Ft (Model A) G/Floor 1 Bed Room
   ii) 500 Sq Yd land with buildup area of 1575 Sq Ft (Model B) Duplex 2 Bed Rooms



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     iii)   500 Sq Yd land with buildup area of 1950 Sq Ft (Model C) Duplex 3 Bed Rooms
     iv)    500 Sq Yd land with buildup area of 2000 Sq Ft (Model D) G + F 2 Bed Rooms
     v)     1000 Sq Yd land with buildup area of 2000 Sq Ft (Model E) (Independent 1 Bed Room)
     vi)    1000 Sq Yd land with buildup area of 3000 Sq Ft (Model F) Duplex 3 Bed Rooms
     vii)   1000 Sq Yd land with buildup area of 3000 Sq Ft (Model G) Duplex 4 Bed Rooms

Situated at Manneguda village, under Grampanchayat Manneguda, Pudur Mandal, Vikarabad Taluq, R.
R. District for a total sale consideration of Rs. ___________/-- (Rupees ____________________
Only), and The Vendor offered to sell the said Villa/Plot No.______ for a total sale consideration of Rs.
_____________/-- (Rupees __________________Only). In lieu of offer and acceptance the Vendee
agreed to purchase the said Villa/Plot No._____ for residence use only according to the terms and
conditions below:-

                               ON THE FOLLOWING TERMS AND CONDITIONS:

1.          Whereas it is agreed by both the parties that the total sale consideration of Villa/Plot No. _____,
            admeasuring of _________Sq. Yard of land & ___________Sq. Ft buildup area situated at “Hi-
            Grove County” Manneguda village, under Grampanchayat Manneguda, Pudur Mandal, Vikarabad
            Taluq, R. R. District, is Rs. ____________/-- (Rupees __________________Only, whereas the
            Vendee has paid an amount of Rs. __________/- (Rupees_______________Only), as Earnest
            Money/Part Sale Consideration to the Vendor.

2.          Whereas it is agreed by both the parties that the balance of sale consideration the Vendee shall
            pay in ( ) installments. Each installment consists of Rs._______________/- directly paid to the
            Vendor at Door No. 3-5-784/2, King Kothi, Hyderabad – 500029. All the Cheque or Demand
            Drafts are payable by the Vendee to the Vendor on the above referred address.

3.          Whereas it is agreed by both the parties that after receipt of total sale consideration it is the
            bounden duty of the Vendor to register the property and possession to be delivered to the
            Vendee.

4.          The Vendor hereby informs and assures the Vendee that the schedule described property is not
            an assigned land. It does not attract the provisions of Act 9, of 1977.

5.          Whereas the Vendee shall not be at default under this Agreement only then the Vendor shall
            deliver the vacant possession of the Villa/Plot No.______ to the Vendee on the completion date,
            the Vendee hereby sells, conveys and transfer onto the Vendee.

6.          Whereas the Vendor shall within (6) months prior to the estimation completed date intimate the
            Vendee of the designated completion date for completing the construction work and hand over of
            the Villa/Plot No._____. The Vendor may if under extreme circumstances may not be able to
            complete the construction work, and then the Vendor may with the consent of the Vendee shall
            extend the date of the completion of the work to such date as may be convenient to both the
            parties.

7.          Whereas it is agreed by the Vendee will bear the Registration Charges for the said Villa/Plot
            No._____.




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8.    Whereas it is agreed by the Vendor that he will complete the construction of the Villas in
      compliance with building rules and regulations in the State of Andhra Pradesh and all the material
      will be used as per the specifications shown in the enclosed plan of this Agreement.

9.    Whereas it is agreed by the Vendor that he is responsible for the Villa/Plot No._____ for any
      defect to material, fittings, fixtures including mechanical, plumbing and electrical works for a
      period of (12) months from the date of competition of construction.

10.   Whereas it is agreed by the Vendor that he will give all the benefits to the Vendee what he gets
      from the manufacturer of all the appliances, fittings or fixtures that are installed in the Villa/Plot
      No._______and further he will be responsible for a period of (12) months from the date of
      constructions of Villa to repair and rectify any structural defects in the Villa.

11.   Whereas it is also agreed by the Vendor that he will deliver the Villa/Plot No. ____ To the Vendee
      in a professional finished condition, clean and ready for occupancy.

12.   Whereas it is agreed by the Vendee that after verification of title, the Vendee is purchasing the
      property and the Vendee shall use the Villa/Plot No. _____only for residential purpose.

13.   Whereas it is agreed by both the parties that the Vendee is at liberty to inspect the Villa/Plot
      during its construction. The Vendee also agreed that he will pay all the charges including
      connection charges to the Villa/Plot No._____ for water, electricity, sewerage and other services
      provided to the Villa/Plot No.______, in addition to the property tax, fees and other levies that
      may be imposed or levied with respect to the Villa/Plot No.______.

14.   Whereas it is agreed by the Vendee that he shall not modify or add or delete any part of exterior
      of the Villa/Plot No.______ including elevation of the Villa/Plot No. ______ or construction or any
      additional improvement in the Villa/Plot No. ______. The Vendee also agreed to comply with the
      Standard rules and regulations of DTCP, Grampanchayat layout and terms & condition agreed
      herein.

      a-     The Vendee shall not cause any nuisance or disturbance or obstruction to any of the other
             owners or occupants in the layout. In the event of any conflict, the Vendee confirms that
             he/she abide by the decision of the Vendor/Developer or the Society as the case may be.

      b-     The Vendee shall not demand, occupy or encroach any of the common areas or open
             spaces in this layout or the land or any other space from the Vendor/owners, Society or
             occupants of the layout.

      c-     The Vendee shall not do any act or thing that may adversely affect the aesthetic
             appearance or beauty of the Villas or the Scheduled Property nor do anything which may
             cause any nuisance or obstruction or hindrance to owners/residents of the residential
             units.

15.   Whereas it is agreed by both the parties that the Vendee or his representative can inspect the
      Villa/Plot No. ______ prior to completion if there is any deficiency or defect it can be rectify
      immediately. In the event of any dispute, a decision by the Vendors Architect will be final and




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      binding on the parties. It is agreed by the Vendee will not interfere with the construction activity of
      the Vendor.

16.   Whereas it is agreed by the Vendee that He or She will follow the Rules & Regulations on the use
      of the Villa/Plot and commonly holding the property which restrictions are essential to the
      successful operation of the project (HiGrove County a residential project). The Vendee agreed
      to comply with the rules and to procure compliance of all other occupants of the Villa/Plot and to
      acknowledge that under the rules each Villa/Plot of the project will be assessed a fee to
      operating, external maintenance, capital reserve and other costs associates with the project,
      common hold property associated with facilities. The Vendee agreed to pay all the fees assessed
      under the rules and further agreed that the association/society is empowered to take whatever
      action it deems necessary to enforce payment of default, including legal proceedings. The
      Vendee agreed that the association will have a lien on the Villa/Plot of project for any unpaid fees
      and the association have powers to take proceedings against the Vendee directly including the
      Villa/Plot No._____ to enforce collection of unpaid fee in addition to proceedings against the
      Vendee directly. The Vendee agreed to the powers of association and the delegation of the
      association power’s to the Vendor’s pursuant to the Management Agreement and agrees to the
      enforcement of rules by the Vendor during the terms of Management Agreement.

17.   Whereas it is agreed by the Vendee that any sale, assignment or other disposition (other than by
      way of mortgage) of an interest in the Villa/Plot No. _____ must have the consent of the Vendor,
      which consent shall not be unreasonable with held or delayed. Whereas the Vendee is other
      than that a natural person, any change in the legal or beneficial ownership or control of the entity
      shall constitute a disposition of interest in the property. The Vendor may in its sole and absolute
      discretion entertain any application for consent to sell, assign or dispose of an interest in the
      Villa/Plot No._____ prior to the completion date or if any payments due to the Vendor’s
      association or in arrears. No sale, assignment or other disposition (other than by way of
      mortgage) of an interest in the Villa/Plot No.______ will be or any legal effect until the party
      intending to acquire the interest has entered into an agreement acknowledging that such party
      will pay the fee referred in clause No. 16, be bound by the rules and acknowledge the
      association’s power to enforce the rules.

18.   Whereas the Vendee acknowledges and agreed that the Vendor may from time to time, in its
      discretion or as required by any competent authority, change or modify the plans, colors,
      materials, finishes, equipment, fixtures and specifications pertaining to the project and to the
      Villa/Plot No. (within the architectural, structural, landscaping, grading, mechanical or other plans)
      from the plans, colors, materials, finishes, equipments, fixtures, specifications existing at the time
      the Vendee entered into this Agreement or as same may be illustrated in any sales brochures,
      models or otherwise all without notice or consent to the purchaser, provided that the substituted
      items are of equal or better quality. The Vendee hereby consents to any such changes,
      modifications and substitutions and agreed to complete this transaction notwithstanding
      modifications in accordance with the foregoing. The Vendee agreed that the area of Villa/Plot
      No._____ as represented to the Vendee by the Vendor’s sales representative or by the Vendor’s
      brochures, drawings, plans, advertisements or other marketing materials is approximate only the
      Vendee acknowledges that actual areas of the Villa/Plot No._______ may vary from the stated
      area. The Villa/Plot is measured as the area bounded by center lines of demising of partition
      walls separating one Villa/Plot No.______ from another Villa/Plot No.______.




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19.   Whereas if the Vendee has fulfilled all of the obligations of payment under this Agreement and
      the Vendor is unable to deliver possession of the Villa/Plot No._______ on completion date (as
      extended if possible) the Vendee may give the Vendor within (30) days, a notice of termination of
      this Agreement, if the Vendor is not in a position to deliver the vacant possession of the Villa/Plot
      No. _______ within (90) days or such notice the Vendor shall refund all payments made by
      Vendee (purchaser) without any extra charges to Vendee or termination charges and this
      Agreement shall be terminated. If the Vendor remedies its default within the said (90) days prior
      to the date of remedy will become the completion days and this Agreement will remain enforce
      and effect and the Vendee (purchaser) will remain obligated to make all outstanding payments.

20.   Whereas it is agreed by the Vendee he shall pay interest @ 1% per month on all installment
      payments another payments due to the Vendor for each day that payments are in default, in the
      event that this default is not cured within ( 60 ) days from the due date, the Vendor shall have the
      right, as its option, on (21) days written notice to the Vendee to terminate this Agreement and if
      the payment default has not been remedied within the said (21) days notice period this
      Agreement shall automatically terminate and in such event all payments previously made by the
      Vendee shall be forfeited to the Vendor as liquidated damages. The parties hereby agreed that
      the agreed payments constitute a genuine and reasonable pre-estimate of damages that will be
      suffered by the Vendor as a result of such default by the Vendee. The Vendee hereby
      acknowledges and agrees that the penalty of agreed amount in the foregoing circumstances is
      fair and equitable, is not harsh or unconscionable and does not constitute a penalty.

21.   Whereas it is agreed by the parties event of Force Majeure means an act of god including but not
      limited to fire, flood, earthquake, windstorm or other natural disaster, act of any sovereign
      including but not limited to war, invasion, act of foreign enemies, hostilities, civil war, rebellion,
      revolution, insurrection, military or usurped power or confiscation, nationalization, requisition,
      destruction or damage to the property by or under the order of any Government or Public or local
      authority or imposition of government sanction embargo or similar action, labor dispute, including
      but not limited to strike, lock out, boycott, interruption of failure or utility service including but not
      limited to electric power, gas water or telephone service, failure of transportation of any personal
      equipment, machinery, or material required by the Vendor for completion of project, breach of
      contract by any essential contractor or subcontractor or any other matter of cause beyond the
      control of the Vendor should an event of Force Majeure occur that will delay the completion date,
      the Vendor shall promptly notify the Vendee of the event and give the Vendee a new completion
      date or an estimate of the duration of the delay, followed by a new completion date when same
      can be determined, the Vendee’s payment obligations shall cease until the event of Force
      Majeure has been remedied after which time the payment obligations will resume taking into
      account the Force Majeure delay should an event of Force Majeure delay the completion date by
      a period of (1) year the Vendee may elect to terminate this Agreement to the Vendor and the
      Vendor shall refund all monies paid by the Vendee.


22.   Whereas the Vendee acknowledges and agrees that this Agreement will survive till the
      completion date and the transfer of freehold title of the Villa/Plot to the Vendee and will remain
      binding upon and until the Vendee has effectively sold or assigned the Vendee’s interest in the
      Villa/Plot No. _______to a third party and that the third party has entered into an agreement to
      comply with the Vendee’s obligations herein.




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23.   Whereas it is agreed by both the parties that the time will be the essence of the Agreement and
      will remain of the essence notwithstanding the extension of any of the dates herein.

24.   Whereas this Agreement and Schedules “A” & “B” through which schedules are incorporated
      into this Agreement by reference, constitute the entire agreement between the parties (valid only
      with sale deed which executed on __________ ) there are no other representations,
      warranties, conditions or collateral agreements, express or implied, written or oral made by the
      Vendor, any agent, employee or representative of the Vendor or any other person including
      without limitation, arising out of any marketing material including sales brochures, models,
      representative view sets, show room displays, photographs, videos, illustrations, renderings,
      revenue projections or pro-forma statements provided to the Vendee or made available for his
      viewing, and upon acceptance by the Vendor, this Agreement shall form a binding agreement
      subject only to the terms and conditions contained herein.

25.   Whereas the Vendee agrees and acknowledge that the Management Agreement will be entered
      into by the Association/Society and the Vendor as soon as practicable and the Vendee further
      acknowledge that it has read the terms and conditions of the Management Agreement and the
      rules and is in agreement with the contents of both documents and agreed to be bound by them
      as from the date hereof.

26.   Whereas it is agreed by both the parties that this Agreement will governed by and construed in
      accordance with the Laws of State of Andhra Pradesh, India, All disputes, other than disputes
      pursuant to clause No. 8, between the parties in relation to or arising from this Agreement shall
      be referred to arbitration in Hyderabad to be conducted in accordance with the rules of
      Commercial Conciliation and Arbitration of the Andhra Pradesh Chamber of Commerce and
      Industry in place at the time by one arbitrator appointed in accordance with the said rules whose
      decision shall be final and binding.

27.   Whereas it is agreed by both the parties that without prejudice to the right to serve notice by any
      other means, any notice required to be served under this Agreement shall be in writing in the
      English language and shall be deemed sufficiently served (30) days after it has been mailed by
      registered pre-paid post to the address of the party to be served that he/she is set out at the head
      of this Agreement or to such other address of which notice has been previously given. This
      Agreement shall ensure to all the benefits of and be binding upon the parties and their respective
      personal representatives, heirs, successors and permitted assignees. It is also agreed by the
      parties that if there is more than one Vendee name in this Agreement, all the Vendee obligations
      shall be joint and several. It is agreed by both the parties that this Agreement may be executed,
      accepted and delivered in counterparts and be copy, telecopy document shall together constitute
      one and the same Agreement.


IN WITNESS WHEREOF, the Vendor and Vendee have signed this Agreement of Sale with their free will
and consent, without any compulsion or coercion on the above mentioned date and place and in the
presence of following witnesses:




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Schedule of Property (A): - All that part & parcel of Plot No: _____, Situated at “Hi-Grove County”,


                             North : ______________

                             East    : ______________

                             West    : ______________

                             South : ______________


WITNESSES:


1.                                                 VENDOR




2.                                                 VENDEE




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