Professional Documents
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Page 1 of 15
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Stamp \landor
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AND
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This Agreement shall commence on and from
day of E!,hE-u-ryl2org.
the l3tL1
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VALIDITY: ,:.,i.,
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' b. The Builder/Developer shall forthwith on obtaining all such =
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required permissions from concerned Development EOA
Authority, start construction of the said property in a H
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substantial and workman like manner in accordance with the
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plans, specification and elevations to be sanctioned/approved E \Z
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by the Bhubaneswar Development Authority including any =
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amendment, modification or variation or alteration to the said E
plans and specification which may be made by the e
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Builder/Developer. The said building over the said landed
properties shall be constructed under the direct control,
supervision, guidance and liability of the Builder/Developer
andlor their agents.
the said property and shall obtain necessary approval from the
authorities concerned as and when required.
LANDOWNERS' OBLIGATIONS :
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,Y.
about the same prior to brick work and the cost of such
modifications shall be borne by the landowner.
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building within 36 (thirry six) months from the date of
Page 8 of 16
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CONSIDERATION:
L That, the parties hereto above shall share the total Super built-
up areas in the said Residential Apartment Building
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proportionate to their shares in the ratio of 40% of built up-area
shall be of the Landowner over the base FAR permitted by the
BDA, Bhubaneswar and the remaining built up area shall be of
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the Builder/Developer. The areas proportionate to their shares
in respect of the floor space/parking space of the entire
Residential Apartment Building to be built on the said plot
shall be allotted / assigned in the ratio i.e. 40% of the'
Landowner over the base FAR permitted by the BDA,
Bhubaneswar and the rest of the apartment towards the
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.,BuilderiDeveloper in orderly manner. This allotment or
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of the respective shares shall be specified through a
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Page 9 of 16
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par with their respective percentage of super built up areal
parking space @ of market value or as may be mutually agreed
upon at the time of distribution of shares between the parties. It
shall, however, be open to the parties to arrive at such other
manner mode of computation of the compensation payable in
such situation by mutual agreement.
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6. That it is hereby agreed by the Landowner that the
. .. :r. . BuilderlDeveloper (Second party) shall have the absolute right
.,i. :. .Iq ftnalize, settle and negotiate the terms of the, built-up area
',t ' , t ' lP,grking spacel units except landowner' share (First party) of
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';' proposed Project, at such rate and price as the
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7. That, the Builder/Developer and;the landowner shall enter
into agreement to dispose of the saleable built up areas/parking ci 3ctr
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space coming under their respective shares as agreed to under o- t(J
ct)
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this agreement at an agreed common rate at any specific point F
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of time. The parties ensure that at no point of time any one of |lJ
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them will agree to sell any area/ parking space out of their I cc
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respective shares at any rate different from the rate mutually ctr
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agreed upon.
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B. That, the Builder/Developer shall be liable to assign and the
landowner shall be entitled to get 40o/o over the base FAR
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areal parking space from & out of the total constructed super
built-up arca/ parking space and the landowner shall be
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Page 12 of 15
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MISCELLANEOUS:
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JURISDICTION:
All accounts between the parties hereto shall be settled at
the landowner place andlor at any other place, as may be mutually
agreed upon. The courts at Bhubaneswar only have jurisdiction to
enterJain the disputes and difference between the parties.
District
SCHEDULE OF LAND
Page 15 of 15
r.,, ;:,..: :.., *ri;st"Khurda
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NoRrrr - GOVT. ROAD
WrrNnssns:
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BFi fuv-
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MANAGING DtRECTCIR
Signature of the Builder/
't olro Developer
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7" 4'rkffiffidethis Agreement is drafted and typed by me as
per the direction and dictation of the Executants and after
understanding fully the contents of this deed, they put their
respective signafures in presence of the witnesses.
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SITE PLAN
SCALE: -32"=1Mile
ovER PLOT NO - 328/556 /835
KHATA NO..l32176
IN MOUZA.TAMANDO,
BHUBANESWAR,DIST. KHURDA.