Whereas, the Vendor purchased the Schedule B and Schedule C Property

from the developer in title by way of Registered Sale Deed bearing No.
011111:128001-02, dated 22.02.2020, in Book-I, in the Office of the Sub-
Registrar, Shivaji Nagar, Bangalore.
AND WHEREAS VENDOR also applied and obtained the transfer of revenue
documents and the BBMP Authority has also assigned with new Khatha
No. 72-8-314/8-'to the Schedule C Property. The VENDOR have also
paid up to date property tax to the said authority in respect of the
Schedule C Property.
WHEREAS the VENDOR and PURCHASER hereto discussed the terms and
conditions relating to sale and purchase of the Schedule Property as
hereunder and are entering into this Sale Agreement.
And whereas, the parties hereto are desirous of reducing into writing all
the orally agreed to the terms and conditions.
NOW THIS INDENTURE OF AGREEMENT OF SALE WITNESSETH AS
FOLLOWS:
1. That the total consideration for the transfer of Schedule "B" & "C" Property is
agreed at Rs. 44,00,000/-(Rupees forty four Lakhs Only)out of which
the PURCHASER will pays mentioned below to the VENDOR, before the
under mentioned witnesses for which sums the VENDOR do hereby
acknowledges the receipt of the same in the presence of the witnesses
signing this agreement.
a. Rs.5,00,000/-(Rupees Five lakh Only) by online account
transfer, transaction reference No:RRR0O7421101, Dated:
15/02/2020, Drawn on HDFC Bank, Panchshila park branch in
favour of Mr. VKG NAIR
b. Rs.5,00,000/- (Rupees Five Lakhs Only) by online account
transfer within a month, from the day of this Agreement of sale
execution, Drawn on HDFC Bank, Panchshila park branch in favour
of Mr. VKG NAIR.
c. The TDS as per Section 194 IA of IT Act,1961 deducted on the
payment of towards sale consideration and shall be deductible
from settlement of total sale consideration. In need of enabling the
Vendor to claim the said TDS amount in their discharge of the
income tax obligation on sale of the said property, the
PURCHASER or PURCHASER's Bank is obligated to deposit the TDS
amount d provide the necessary certificate.