THIS DOCUMENT CONSISTS OF. JOINT DEVELOPMENT. sansa (GES OF No. BNG(UIRRN ‘This JOINT DEVELOPMENT AGREEMENT is made and executed on this 15% day of March 2018 at Bengaluru. BETWEEN : SRI, M. RAJASHEKARATAH Aged about 58 years, S/o. Marulasiddaiah, R/at Sompura Village, Kengeri Hobli, Bengaluru South Taluk, Bengaluru (PAN No.ALJPR4245F) Hervinalter collectively referred to as the “OWNER/FIRST PARTY” (Which term shall, whenever the context so permit or admits, mean and include hie heirs, legal representatives, ecministrators, executors and assigns etc.,) of the FIRST PART. ANI K.N.S. RESIDENCY LLP Having its registered office at No, 1125/12, 1* Floor, Service Road, Hampinagar, Vijayanagar 2n Stage, Bengaluru ~'560 104, (PAN No.AANFK92075) REPRESENTED BY ITS DESIGNATED PARTNER, Mr. K.N. Surendra. Hereinafter called as the “DEVELOPER/SECOND PARTY” whenever the context 0 permits or admits, mean and include its heirs, administrators, executors and assigns ete.,) of the OTHER PART. (which term shall legal representatives, pi Caetbe4 For Gpod. wo. ansupen.. Ty sao Bord Boroddd sarte cheno’ acest Department of Stamps and Registration Spine 33, 1987 J davews ceed moked too 10.0 sBabQad Zao Hy, Bf KIS, RESIDENCY LLP. represented by its Dosigncted Partner Mr. KNSurendia 330) 200.00 dasactoridiay 2ROS Aoagos asa miacachs, addeeord Bed | Reg God — | Bear msiBob OST wich dost 200.00 7 Paidin Cash : : wy 200.00 BR: coumkkgoarid Qiare08 : 15/03/2018 enz-Rocoded 33) \ (wonsor08e30393 ) wood evsd #acodMIS” aosairtd (comcmeteepin: dortad I hereby certify that on production of the ofiginal document. | have satisfied myself that the: GuTy of Rs.1080421/- has been pold thereon, Vide General Power Of Attoney Reg.No.284/2017-18, of Book-IV, Datect 15/03/2018. stored in CD No.RRND-198NO, aN Gus an WHEREAS, the First Party is the absolute owner in peaceful possession and ¢i the Converted land bearing Sy.No.5/24, measuring 01 Acre 26 Guntas, Converted land bearing Sy.No.5/43, measuring 20 Guntas and Converted land bearing Sy.No.5/44, measuring 18 Guntas, ali are situated at B.M. Kaval Village, Kengeri Hobli, Bengaluru South Taluk, Bengaluru, which are more fully described in the Schedule hereunder and hereinafter referred to as ‘SCHEDULE PROPERTY” (Item No.1, 2 & 3 respectively of Schedule Property). WHRRRAS, First Party herein is the anle and aly, “ute awner of ITEM No.1 in Schedule Property i.e, all that part and parcel of the imu: weable property bearing Sy.No.5/24, measuring 01 Acre 26 Guntas, situated at B.M. Kaval Village, Kengeri Hobli, Bengaluru South Taluk, Bengahira, having acquired the same through Registered Sale Deed dated:10.06.2014, bearing document —_No.KEN-1-02324/2014-15, stored at C.D.No.KENDS68 of Book-I, before the Sub-Registrar, Jayanagar (Kengeri), Bengaluru, executed by Sri. Thimmaiah & others, resident of Anepalya Village, Kengeri Hobli, Bengaluru South Taluk. And his name has been mutated in the revenue records such as rautation register & RTC vide MR. No.H75/2013-14. WHEREAS, First Party herein is the sole and absolute owner of ITEM No.2 in Schedule Property i.e. all that part and parcel of the immoveable property bearing Sy.No.5/43, measuring 20 Guntas, situated at B.M. Kaval Village, Kengeri Hobli, Bengaluru South Taluk, Bengaluru, having acquired the same through Registered Sale Deed dated 04.06.2014, bearing document No.KEN-1-02005, .. 14-15, stored at C.D.No.KEND567 of Book-I, before the Sub-Registrar, Jayanagar (Kengeri}, Bengaluru, executed by Smt. VJayamma, resident of Anepalya Village, Kengerl Hobli, Bengaluru South Taluk. And his name has been mutated in the revenue records such as mutation register & RTC vide MR. No.H69/2013-14. WHEREAS, First Party herein is the sole and absolute owner of ITEM No.3 in Schedule Property ie. all that part and parcel of the immoveable property bearing Sy.No.5/44, measuring 18 Guntas, situated at B.M. Kaval Village, Kengeri Hobli, Bengaluru South Taluk, Bengaluru, having acquired the same through Registered Sale Deed dated 04.06.2014, bearing document No.KEN-1-02015/2014-15, stored at C.D.No.KENDS67 of Book-I, before the Sub-Registrar, Jayanagar (Kengeri), Bengaluru, cxccuted by Sri. Narayana & others, residents of Anepalya Village, Kengeri Hobli, Bengaluru South Taluk, and his name has been mutated in the revenue ds such as mutation register & RTC vide MR. No.H66/2013-14. Thus ever since from the date of acquisition the First Party is in peaceful posseosion and better enjoyment of the Schedule Property by exercising all the rights of ownership without any let or hindrance from any quarter whatsoever. pr act beF eo ey,ly AGE, es) ann vim potoa te. woo ore 25 HO ENGURRLOLLLEC. iagakeeo oad : 6461 cosioxkypard dds evdaecednpnd waded 085 80099 8208 1609-2018 decd 10:09:16 AM Reale ee Bo aida doeychooart aoe EJ oe 1 | ora ey Biss1000 2 [aaa 32500 ea: ‘51575800 3¢ KINS. RESIDENCY LLP. represented by its Designated Partnor Mr. KN Surendra abot! SS sages we [ aygetes | a ae KINS RESIDENCY LUP reprozonted by its Designated Partner Mr KN. Surendia, adchdouep (abd aoror /yars: gage da {cosndh. aaa’ eS ie ech angst = ENS RESDINGY up sepeesenvedtby is Designated Partner Me ' KN Surencta he) Gre. Goxdrticoste) ‘Sh M.Rojashokaraih S/o, Marulasicidaiah fxdehXecbsn) wades «esto ones (cowonedpare) BordacdThe Schaal “A Property i Convene for non-aghS MOURBael Oot feel Conversion Order dated 10.01.2018, bearing No. ALN[KH-3)SR:19/2017-18, issued Deputy Commissioner, Bengaluru District, Bengaluru. WHEREAS, First Party is the absolute owner in + -nect of the Schedule Property having clear and marketable title to the Schedule ropeny. and Schedule Property is free from all kinds of encumbrances, litigation etc. WHEREAS, the First Party/Owner is desirous of developing the Schedule Property into a residential layout and carve out residential sites/plots in the Schedule Property and intends to sell the same. WHEREAS, the First party is not having the necessary expertise and resources to develop the same and to form a residential layout and form residential sites/plots and marketing the same and hence have offered the Second Party/Developer to do the same for the consideration of sharing the undivided share of the land. WHEREAS, the Second Party/Developer is a Private Limited Company and has necessary experience and resources to develop the ScheduleProperty into residential layout and hence has accepted the offer of the First Party/Owner and has accepted to form residential layout and residential sites/plots in it in the Schedule property owned absolutely by the First Party for the said consideration and on the terms and conditions hereinafter mentioned. NOW THIS JOINT DEVELOPMENT AGREEMENT WITNESSETH AS FOLLOWS: 1. PERMISSION TO DEVELOP & CONSTRUCT: ‘The First Party/Owner hereby agree and permit and authorize the Second Party/Developer to apply and obtain Plan approval from the competent Authority and develop the Schedule Property and form residential layout in the Schedule Property owned absolutely by the First Party and agree to transfer the 48% undivided right, title and interest in the Schedule Property and 48% of saleable residential plots/sites area in the schedule Property in favour of the Second Party. Huwever, such 48% of the saleable sital area in the layout formed in the Schedule Property shall be the share of the Second Party/Developer and such Layout shall be formed after obtaining plan sanction from BMICAPA which is the planning Authority. f Rao. Get m Ra arte . —But ice POOENT roebacbatstth HO. BNGIU)RRN eo C4 shih dy Seed i No.1125/12. 1st floor, Service Road, Hampi Nagar, Vijayanagar 2nd Stage, Bengal 500104 umes BV) No.1125/12. 1st Floor. Service Road. Hanna} Nagar. Vjayanager 2nd Stage, Bengauns-500104 | Pavan Kumar HN 1 2 1 de apéd pteeo oerd RIRN-1-06461-2017-18 eh 8.2, dots’ RRNDIOB a G39 mie8 15-03-2010 dor deromedstoohe enatdororiee Ot D, WHS, bosqned cna Dewiged by EAC: ASS. NNO YH AUDCOCIEESONDO ODANS (ConmDZOnNG) sortingTT oun PAGE OF DOCUMENT 2, CONSIDERATION: wo. pNequyarn.. C4] meal 21718 a/ The consideration payable by the Second Party/Developer to the First Party/Owner is as follows: a) In consideration of the First Party permitting and authorizing the Second Party to form residential layout and form residential sites/plots and market the same and agreeing to transfer the undivided 48% share in the Schedule Property and permitting the Second Party to form residential plats/sites and sell the @8% of the Residential plots/sites including corner Sites along with undivided right, tile and interest along with 48% undivided right, title and interest in the land in the Schedule Property, the Second Party has agreed to develop and deliver the residential sites/plots, calculated at 52% of the saleable sital area in the said layout formed by the Second Party. The said 82% of the Saleable site area is morefully described hereunder and hereinafter referred to as the ‘SCHEDULE ‘A’ PROPERTY”. Whereas it is mutually agreed upon that saleable sital area means the such sites/plots released by the Planning Authority after relinquishing the common areas, roads, civic amenities sites, areas meant for common use and utilization in favour of the Planning Authority as required under law. The residential layout shall be formed as per Specifications mentioned in this agreement, which shall be part and parcel of this Agreement. The First Party/Owner has accepted the offer of the Second party for the said consideration of the Schedule ‘A’ Property, in respect of the Schedule Property and for permitting it to form residential sites/plots and to sell them. The remaining 48% residential sites/plots formed in the Schedule Property with 48% undivided right, tite and interest in the Schedule Property shall be totally vested and transferred in favour of the Second Party which is morefully described hereunder and hereinafter referred to as the “SCHEDULE ‘B’ PROPERTY”. The Second Party/Developer is at liberty to choose/select its share in one lot where they desires or willing to posses at the time of sharing of sites. ON b) It is mutually agreed between the Parties hereto that the Second Party shall pay a NS Refundable security deposit of Rs.52,00,000/- (Rupees Fifty Two Lakhs Only) to the ee First Party, which is paid in the following manner: i. Rs.20,00,000/- (Rupees Twenty Lakhs Only) by way of Cheque bearing No.000057, dated:15.03.2018, drawn on HDFC Bank, Vijayanagar Branch, Bengaluru. ii, Rs.20,00,000/- (Rupecs Twenty Lakhs Only) by way of Cheque bearing No.000058, dated:15.03.2018, drawn on HDFC Bank, Vijayanagar Branch, Bengaluru. ; ofl ha. Ga 4 pr. 02. Lon newsme PAGE OF DOCUNEL Rs.12,00,000/- (Rupees ‘Twelve Lakhs dase Cassa / No.000059, dated:15.03.2018, drawn on HDFC Bank, Vijayanagar Bran Bengaluru. and the First Party/Owner has acknowledged the receipt of the same. The First Party/Owner shall refund the entire refundable security deposit of a sum of Rs.52,00,000/- (Rupees Fifty Two Lakhs Only) to the Second Party/Developer after completion of the development work by the Developer. 3. COST OF FORMATION OF LAYOUT: It is mutually agreed and understood that the Second Party shall bear the cost of formation of layout, construction of required common amenities including roads, Drainage. Garden and other required common area structures. The Second Party shall bear all the expenses towards development and formation of layout including the Schedule “A” Property falling to the share of the First Party. The First Party shall not incur any expenses towards the land development and formation of layout regardless of any escalation in prices of the materials/labour under any circumstances. The expenses incurred towards Plan sanction shall be borne by the Second Party. The Second Party/Developer shall be entitled to the remaining 48% of the saleable site area along with undivided 48% share in the Schedule Property, the Schedule “B” Property. The Second Party shall be entitled to hold, sell, lease or otherwise dispose of its entire share of 48% saleable sital area with 48% undivided share in the Schedule Property, in any manner they decm fit and they shall be entitled to all the income, gain, capital appreciation and benefits of all the kinds of description accruing or arising there. from. ‘The applicable Tax on the share of the respective areas shall be paid and bome by the respective Party. However, capital gains attracted on sale of the respective shares of the Party herein shall be payable according to the share of the respective Party that is 48% shall be paid by the Second Party and 52% shall be paid by the First Party. ‘The Second Party/Developer shall have full discretion in formulating plans including the size of the sites, number of sites, landscaping, exteriors, amenities etc., and the like. pr: Racet! Roe Ge4. DELIVER: . ENG(U} tnd OAT AB a) The Second Party hereby agrees to deliver the Possession of the sites coming to share of the First Party within a stipulated period of Twelve Months from the date of deliver the sites coming to the share of the First Party proportionately as and ubes the Planning authority releases the sites. However, the Second Party shall be entitled ts corresponding extension of the time incase of unforeseen act of God, or due to Injunction or Prohibition not attributable to the Second Party or halding up of the Zesistsation due to any change of Law and non-availability of labour, building materials ete., b)If the Second Party fails to complete the work and hand over the sites coming to the Suate of the First Party within the said ‘Twelve months, there shall be a grace petiod of 06 (Six) months for completing the same. Within the said period the Second Party shall FomPlste the project and hand over the possession of the Schcdule ‘A’ Property to the First Party. INDEMNITY: a| The First Party assure the Second Party that he is the sole and absolute owner of the Schedule Property and assure the Second Party that the Schedule Property is good. marketable, and free from all Kinds of encumbrances, litigation, attachment’ and acquisition proceedings or charges of any kind. The First Party further undertake to jademnify the Second Party against any loss or damage in case of any legel lacunas / gation, want of title, attachment and acquisition proceedings or charges of any kind and further undertakes to rectify the same at his cost, 6. SALE OF SECOND PARTY'S SHARE: a) The Second Party shall be entitled to execute agreements or sale deeds in favour of the ©) The necessary stamp duty, registration fee, preparation fees for execution of the said deeds agreements in respect of said 48% share of the Second Party and $2% ohare of paz ri'st Farty shall be borne by the said Purchasers or their nominees of the respective Party, ra Ryle! feo. Gen _ 67. TAXES, MAINTENANCE DEPOSITS ETC. NO. BNG(UJRRN.. rtwnowmnl 017-18 The First Party and the Second Party shall from the date of delivery of possession of the Schedule ‘A’ Property maintain their respective portions at their own cost. The Party hereto shall not do or suffer to be done anything in or to the said property, and/or the common areas, roads and passages which may be against the law of which causes obstruction or interference to the users of the said common areas, The First Party or his nominees and the Second Party or its nominees shall observe and perform the terms / conditions / bylaw / regulation of the Association / Organization that may be formed in respect of the Sites formed in the Schedule Property in respect of the common areas. 8. OBLIGATION OF THE FIRST PARTY: a) The First Party shall execute irrevocable registered GPA in favour of the Second Party or its nominees to enable the Second Party to obtain licenses, sanctioned plan, represent before the BMICAPA, BDA, KPTCL, BWSSB, BBMP, Village Panchayath, Government and other Governmental/Quasi-Governmental authorities, and to enter into agreement of sale and convey / alienate the 48% undivided right, title and interest in the Schedule Property and the saleable sital area and to mortgage the Schedule Property in the manner permitted under law and to execute Release / Relinquishment Deeds in favour of the Planning Authority (BMICAPA) in respect of civic amenity sites and roads, Park etc., as required by them relating to the Schedule Property. b) The First Party shall sign and execute necessary applications, documents, papers necessary for vesting legally the 48% share in the Schedule Property in the Second Party and for completing the development of the Schedule Property and formation Layout and sale of the share of the Second Party. The First Party shall not be further responsible for any processing of documents or approaching the authorities or forums. All such connected problems are to be solved or sorted out by the Second Party at its cost. c) The First Party hereby grant permission to the Second Party to commence work of formation of layout by obtaining necessary plan and licenses at the cost of the Second Party. 4) The First Party has no objection for releasing and relinquishing all roads, common area, civic amenities sites and other common facilities area in favour of the Planning Authority as required under law and the First Party hereby undertakes to execute GPA in favour of the Second Party to execute such Release/Relinquishment deeds in favour of Planning Authority in respect of the Schedule Property. m Biot tt Ra Qt--PAGE OF DOCUMENT 9. DOCUMENTS OF TITLE: NO. BNGQRRN.@ mul 118 Bee Rust Party shall hand over all documents pertaining to the Schedule Property te Second Party in Original. 10, BREACH AND CONSEQUENCES: Except as otherwise specifically provided in thie agreement, the following provisions shall apply for resolving of any dispute or difference arising between the parties oat of oe relating to this agreement. Rither of the partics may serve a notice on the other stating the nature of the dispute or difference between them. The parties hereby agree that they will use all reasonable good faith efforts to resolve such dispute through negotiation, Any dispute or difference, which is not settied by the parties through negotiations, within Brean ot 20 days from the service of the notice of such dispute or difference, shall be fnnally settled by arbitration in accordance with the provisions of the Arbiretion oo The Venue of arbitration shall be in Bengaluru. The decision of the arbitrator shall be final and binding on the Parties, The Parties acknowledge that this Joint Development Agreement shall form the complete peiemont entered into between them and supercedes any prior agreements and fepresentations whether written or oral, 11. MISCELLANEOUS: & After sanction of the Plan and issue of Work Order, the parties hereto shall enter into a are ae oereement, to be called the “Deed of Sharing of Sites” which would outlinekeredeenet MOE ‘The First Party/Owner has no objection for the NAPUS RLM est OTD U/ additional land adjacent to the Schedule Property for common and comprehensive development provided the saleable sital area allotted to the owner shall not be less than 52% saleable sital area to which he is entitled under this agreement. ©. According to zonal Regulations and Town planning rules of BMICAPA, The expected salable area is 55%, in case of the achieved salable area is less than 55%, the same shall be compensated / adjusted by the first party’s share and second party’s share would be remain as 11,500/- sq ft per acre. The First Party/Owner in order to facilitate and enable the Second Party/Developer to complete the development work agreed under these presents and also to ensure the performance of the terms and conditions of this indenture has executed a General power Of Attomey in favour of the Second Party herein which shall be in consonance and part and parcel of this Joint Development Agreement. SCHEDULE PROPERTY ITEM No.1: All that piece and parcel of Converted land bearing Sy.No.5/24, measuring 01 Acre 26 Guntas, situated at B.M. Kaval Village, Kengeri Hobli, Bengaluru South Taluk, Bengaluru (This property has been converted for non agricultural residential purposes, vide Conversion Order dated:10.01.2018, bearing No.ALN(KH-3)SR:19/2017-18, issued by the Deputy Commissioner, Bengaluru District, Bengaluru) and bounded on: East by —_: Land in Sy.No.5/42, West by _: Land in Sy.No.196, North by: Land in Sy.Nos.199 & 200, South by: Land in Sy.Nos.5/43 & 5/44. ITEM No.2: All that piece and parcel of Converted land bearing Sy.No.5/43, measuring 20 Guntas, situated at B.M. Kaval Village, Kengeri Hobli, Bengaluru South Taluk, Bengaluru (This Property has been converted for non agricultural residential purposes, vide Conversion Order dated 10.01.2018, bearing No.ALN(KH-3)SR:19/2017-18, issued by the Deputy Commissioner, Bengaluru District, Bengaluru) and bounded on: East by: Land in Sy.No.5/44, West by Land in Sy No 196, North by: Land in Sy.No.5/24, South by: Land in Sy.Nos.5/45 & 5/46. pa Paeree# ha. QeAGE OF DOCUMENT No. NG(URRN...Y.O/ ening ig Sy.No.5/44, measuring 18 Guntas, ‘aval Village, Kengeri Hobli, Bengaluru South Taluk, Bengalura (This Property has been converted for non agricultural residential purposes, vide Conversion Order dated 10.01.2018, bearing No.ALN(KH-3)SR:19/2017-18, issued by the Deputy Commissioner, Bengaluru District, Bengaluru) and bounded on: East by: Land in Sy.No.5/42, West by: Land in Sy.No.5/43, North by: Land in Sy.No.5/24, South by — : Land in Sy.Nos.5/49 & 5/50. ULE “A” PROPERTY (Owner's Share) All that piece and parcel of 52% saleable sital area in the layout formed in the Schedule Property along with rights to use common areas and amenities jointly. ;CHEDULE “B” PROPERTY. (Developer's Share} All that piece and parcel of 48% undivided right, title and interest in the Schedule Property along with rights to form residential sites/plots and sell 48% of saleable sital area formed in the Schedule Property along with rights in common area, amenities, yr Racth% & sets. "AGE OF DOCUMENT SPECIFICATIONS: 0. ENG(UJRRN. OYOL. ror ~ Leveling of entire layout based on the contour (Block level) with defined level, 2. Layout marking based on the approved layout plan. (using Total station) 3. The Layout shall be provided with OHT & Water lines with Borewell as per BWSSB norms with individual connection. ‘+. The layout shall be provided with sewerage treatment plant as per Pollution Control Board norms with individual connection. 5. Layout shall be provided drain with sufficient width depth and gradient, 5. Construction of Culvert's wherever required 7. Park Development: All-round chain link fencing with necessary flower plantations. 8. The layout shall be provided with formation of Roads, Rolling and compacting the reeds, Box cutting, Mettling and compacting using roller and all the roads shall be provided with asphalting. 9. Site marking as per layout plan 10. The layout shall be provided with Blectrification & Underground cable as per BESCOM norms. 11, Installation of cross boards and border stones beside the roads by carving requisite foot path arca for floating of public, 12. Laying of curb stones and cobble stones as per required area. 13, Fixation of indication stone or slab to each road by giving site numbers and measurements thereof. m Dacre Coe ahaw Bue F DOCUMENT TT WHEReo, ne pe nthe ern lt / this Joint Development Agreement in the city of Ben galuru on the day, month and year first above mentioned. M- Glyesbet (M, RAJASHEKARAIAH) (FIRST PARTY /OWNER) oo CS (K.N.S. RESIDENCY LLP) Represented by its Designated Partner, Mr. K.N, Surendra. (SECOND PARTY/DEVELOPER) Sars Ht SBS, Rew wy DRAFTED By: HER SHREVAS, #D-3, 69 & 68, Akshaya Comforts, 3 *A" Main Ré, Devarakcere Extension, ISRO Layout, Bengaluru- 560 078. 12