NOW THIS AGREEMENT FURTHER WITNESSTH as follows:

1. The developer as per the development agreement dated 6th April 2016, had obtained sanctioned
building plan in the name of the owners of the said premises and started constructing in accor-
dance with the sanctioned building plan vide : 2018 - 080 - 154, dated 12th November 2018.

2. At the time of execution of the said Joint Venture Agreement dated 4th April, 2016, the devel-
oper had paid a sum of Rs. 4,00,000 (4 Lakh Rupees) to the owners of the premises which was a
refundable sum as specifically mentioned in the Joint Venture Agreement.

3. Under the said Joint Venture Agreement it was inter-alia mentioned that the owners will receive
2400 sq. ft. constructed area in the said newly constructed building as Owner’s allocation.

4. It was further agreed by and between the parties in the said Joint Venture Agreement that the
developer will pay the arrear municipal tax till the year 2016, amounting to Rs. 17,00,000 (17
Lakh Rupees). The said amount would have to be paid during the construction of the said build-
ing.

5. It was further agreed in the said Joint Venture Agreement that a flat on the 2nd floor admeasur-
ing 800 sq. ft. be it so a little more or less, will be sold to one Shri. Subhajit Ghosh. Therefore,
after deducting the said area from the Owner’s allocation, the owners will receive 1587 sq. ft.
out of which an area measuring 144 sq. ft. from the Owner’s allocation belongs to the developer
for adjustment of Kolkata Municipal Corporation dues aforementioned, as well as the sum of
Rs. 4,00,000 (4 Lakh Rupees) paid by the developer.

6. It appears from the facts aforesaid that ultimately the owners will receive 1456 sq. ft. in the said
building.

7. The entire roof belongs to the developer and the developer will pay the requisite stamp duty and
government charges to get the ownership. The owners, flat owners, shop owners and other
dwellers have no right, title and interest over the said roof. The owners, flat owners, shop own-
ers and other dwellers may use the said roof for installing dish antenna, cable line, etc with prior
permission from the developer. The developer can reject such proposal for installation of the
aforesaid things…..

8. The developer by dint of the said Joint Venture Agreement and Power of Attorney executed by
the owners, may at his option sell the developer’s allocation to intending purchaser/s and the
owners have no right to refrain the developer from selling his allocation.

9. The owners and the other flat owners have right to use the common spaces, common staircase,
lift, reservoir and the electricity meter.

10. The owners and the flat owners will mutate their name with the Kolkata Municipal Corporation
record as and when they receive their respective portions from the developer.

11. After handing over the respective portions of the owners and the purchasers, the developer has
no liability to pay the Kolkata Municipal Corporation taxes for such portions.

12. Till handing over the possession by the developer, the dues and taxes for the said premises
would have to be paid by the developer and not beyond received of their portion.
13. As per the specification mentioned in the Joint Venture Agreement, the developer will provide
gadgets and fittings of the building. (Any defects…..)

14. Before handing over the possession the developer will complete the entire building as per the
Joint Venture Agreement. Before taking possession the owners and the flat owners will inspect
the same and any defect after taking possession, the developer has nothing to do with.