AGREEMENT OF SALE

THIS AGREEMENT OF SALE made and executed on this the Seventh day of
November Two Thousand Nineteen (7/11/2019) at Bangalore:

By:
VAIBHAVI PROPERTIES
A Registered Partnership Firm,
Having its Head Office at:
No.77/9, 3rd Main Road
Rajajinagar Industrial Town
BANGALORE – 560 044.

Represented by its Managing Partner:

Mr. RAVINDRA MUTHAPPA.

Hereinafter called the VENDOR

hereinafter referred to as the “VENDOR” (which term shall mean and include
his/her/their legal heirs, representatives, administrators, executors and assigns etc.,)
of the ONE PART;

AND IN FAVOUR OF:

Mrs. MANJULA M
Aged about 44 years
W/o. Girish B S
Residing at No. 116, 1st Floor,
8th Main, 4th Cross,
Kengeri Upanagara,
Bangalore – 560 060

hereinafter referred to as the “PURCHASER” (which term shall mean and include
his/her/their legal heirs, representatives, administrators, executors and assigns etc.,)
of the SECOND PART;

WITNESSETH AS FOLLOWS:

WHEREAS the VENDOR is the agreement holder and is in possession and

enjoyment of the Residentially converted land in Sy.No.51 measuring 0-30 Guntas,
Residentially converted land in Sy.No.52 measuring 0-30 Guntas., Residentially
converted land in Sy.No.53 measuring 02 Acres, Residentially converted land in
Sy.No.54 measuring 0-30 Guntas, Residentially converted land in Sy.No.55
measuring 01 Acre 10 Guntas., totally measuring 05 Acres 20 Guntas, situated at
Puradapalya Village. Tavarekere Hobli, Bangalore South Taluk, Bangalore District,
which is morefully described in the Schedule A hereunder hereinafter referred to as
the Schedule ‘A’ Property.

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 WHEREAS the VENDOR formed a residential layout in the Schedule ‘A’
Property consisting of various sites called “BRAHMALINGESHWARA-ENCLAVE”
and offered to sell the residential vacant Site No. 71, measuring East to West 12.12
Mtrs, North to South 9.14 Mtrs, totally measuring 111 Sq Mtrs [measuring 1200
Sq.ft] which is morefully described in the Schedule B hereunder and hereinafter
referred to as the “Schedule ‘B’ Property” for brevity, in favour of the PURCHASER
herein and the PURCHASER herein has agreed and has come forward to purchase
the Schedule ‘B’ Property. .

WHEREAS, the VENDOR represents that its title over the Schedule ‘A’ and ‘B’
Property is clear and marketable and based on the said representations, the
PURCHASER has agreed to purchase the Schedule ‘B’ Property and the parties are
desirous of reducing the terms agreed into writing;

NOW THIS AGREEMENT OF SALE WITHESSETH AS FOLLOWS:

That in pursuance of the foregoing and in consideration of the price hereby agreed,
the VENDOR hereby agrees to sell and the PURCHASER hereby agrees to purchase
the Schedule ‘B’ Property on the following terms and conditions:

1) SALE PRICE:
The sale consideration payable by the PURCHASER to the VENDOR for purchase
of the Schedule ‘B’ Property shall be Rs. 12,25,000/- (Rupees Twelve Lakh Twenty
Five Thousand) Only.

2) PAYMENT OF PRICE:
2.1) The PURCHASER has paid a sum of Rs. 4,00,000/- (Rupees Four Lakh) only for
the Schedule ‘B’ property to the VENDOR in the following manner:

a) A sum of Rs. 50,000/- [Rupees Fifty Thousand] only by way of Cheque Bearing
No. “016655”, dated 24/10/2019 drawn on State Bank of India.

b) A sum of Rs. 1,50,000/- [Rupees One Lakh Fifty Thousand] only by way of NEFT
Ref. No. “N 310190974048321”, dated 06/11/2019.

c) A sum of Rs. 2,00,000/- [Rupees Two Lakh] only by way of RTGS Ref. No.
“001841152916”, dated 06/11/2019.

The VENDOR do hereby accepts and acknowledges the receipt of the said advance
sale consideration from the PURCHASER before the undersigned witnesses;

2.2) The PURCHASER shall pay the balance sale consideration of Rs. 8,25,000/-
(Rupees Eight Lakh Twenty Five Thousand Only) to the VENDOR at the time of
registration of Absolute Deed of Sale in favour of the PURCHASER or his/her
nominees.

3) TIME FOR COMPLETION:

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The sale shall be completed within 04 months from this date and the VENDOR shall
obtain and furnish the documents to the satisfaction of PURCHASER.

4) TITLE/VENDOR’S OBLIGATION:
4.1) The VENDOR shall categorically make out and convey a good, marketable and
subsisting title in regard to the Schedule ‘B’ Property to the PURCHASER or
his/her/their/its nominee/s

4.2) The Sale of the Schedule ‘B’ Property shall be free from encumbrances,
attachments, Court or acquisition proceedings, minor claims or charges of any kind;

4.3) The VENDOR shall bear and pay all rates, taxes, charges, cesses Etc., to the
Schedule ‘B’ Property upto the date of registration of the Absolute Sale Deed in
favour of the PURCHASER.

5) TITLE DEEDS:
5.1) The VENDOR shall deliver photocopies of the documents of title relating to the
Schedule ‘A’ and Schedule ‘B’ Property to the PURCHASER or his/her/their
nominee/s on the date of registration of the Sale Deed.

5.2) The VENDOR hereby confirms and declares that none of the title deeds or any
papers pertaining to the Schedule ‘B’ Property have been lodged/secured/delivered
to anyone else either as personal security/security or otherwise.

6) POSSESSION:
The VENDOR shall deliver vacant possession of the Schedule ‘B’ Property to the
PURCHASER on the date of registration of Sale deed.

7) EXPENSES:
The Stamp Duty and Registration expenses in regard to the Deed of Conveyance
shall be borne by the PURCHASER;

8) NOMINATION
The VENDOR shall execute the Deed/s of Sale in regard to the Schedule ‘B’
Property either in favour of the PURCHASER and/or his/her/their nominee/s on
the same terms and conditions as contained in this deed.

9) CONSEQUENCES OF BREACH
In the event of either party to this agreement committing breach, the aggrieved party
shall be entitled to enforce specific performance of this contract and also recover all
costs, expenses and losses incurred by the aggrieved party, as a consequence of such
breach from the party committing breach. In case of any dispute arising out of this
contract shall be subjected to Bangalore jurisdiction only.

10) DEVELOPMENT:
The VENDOR assures the PURCHASER that amenities like Tar Road, Water
Connection to individual Sites, Sewage/Drainage, Electricity, will be provided.

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 SCHEDULE ‘A' PROPERTY
(Property in which Residential Layout is formed)

ALL THAT PIECE AND PARCEL OF THE residentially converted land in

Sy.No.51 measuring 0-30 Guntas, residentially converted land in Sy.No.52
measuring 0-30 Guntas, residentially converted land in Sy.No.53 measuring 02
Acres, residentially converted land in Sy.No.54 measuring 0-30 Guntas,
residentially converted land in Sy.No.55 measuring 01 Acre 10 Guntas., totally
measuring 05 Acres 20 Guntas, situated at Puradapalya Village. Tavarekere Hobli,
Bangalore South Taluk, Bangalore District, which is [composite] bounded on:

East by : Border of Peddanapalya Village

West by : Land in Sy.No.4,
North by : Land in Sy.No.4,
South by : Land in Sy.No.50,

SCHEDULE ‘B’ PROPERTY

(Property agreed to conveyed under this Agreement)

All that piece and parcel of residentially converted vacant Site No. 71,
measuring East to West 12.12 Mtrs, North to South 9.14 Mtrs, totally measuring
111 Sq Mtrs [measuring 1200 Sq.ft] carved out in Schedule ‘A’ Property in the
layout called “BRAHMALINGESHWARA-ENCLAVE” with amenities like Tar
Road, Water Connection to individual Sites, Sewage/Drainage, Electricity, Park,
formed in the Schedule ‘A’ property, situated at Puradapalya Village, Tavarakere
Hobali, Bengaluru South Taluk, Bangalore District, and bounded on

East By : Site No. 52

West By : Road
North By : Site No. 70
South By : Site No. 72

IN WITNESS WHEREOF, the VENDOR AND PURCHASER have affixed their

signatures to this Agreement of Sale made on the day month and the year first above
written.

WITNESSES

1.

VENDOR

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(Mrs. MANJULA M)
PURCHASER

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