DEVELOPMENT AGREEMENT

CUM GENERAL POWER OF ATTORNEY

This DEVELOPMENT AGREEMENT is executed on the 23th day of MAY 2023, by
and between:
Mr. SAMEENA NUSRATH W/o W/o SYED SADATHULLAH, aged about 63
years, occupation: Retd. Employee, Resident of HAPPY HOME FORTUNA,
Attapur, Hyderabad, T.S (AADHAAR No. XXXX XXXX 0698)

HEREINAFTER called the “LAND OWNERS” which expression shall unless

repugnant to the context or meaning thereof which shall mean and include all
his/her/their legal heirs, family members, successors-in-interest, assignors, agents and
administrators of the parties of the First Part

AND
• Mr. MOHAMMED FAIZULLAH SHAREEF S/o. Mr. MOHAMMED
NAWAZ SHAREEF, aged about 35 Years, Occupation: Business, R/o, H.No.7-
55, Risala Kurshadjahi, Musheerabad, Hyderabad, T.S., (AADHAAR No. XXXX
XXXX 9897)
 2

HEREINAFTER referred to as “DEVELOPERS” which term shall mean and include its
legal heirs, representatives, administrators, executors, assignees, successors-in-interest,
etc.

WHEREAS the Land Owner is the absolute Owner and peaceful possessor of Land/Plot,
bearing No. B-343, SY. No.96/2 & 96/3 at Sun-City, BANDLAGUDA JAGIR,
Rajendranagar Mandal, Ranga Reddy District, Hyderabad, T.S., admeasuring 300.00
Square Yards or equivalent to 250.93 Square Metres, T.S., having purchased the same
through Registered Sale Deed bearing Document No.2501/2011, Dated: 18/08/2011,
registered at S.R.O., Rajendranagar, Ranga Reddy District.

AND WHEREAS the Land Owner and Developers on mutual discussion and
consultation agreed to develop the Said Plot as mentioned above, admeasuring 300.00
Square Yards or equivalent to 250.93 Square Meters, called the SCHEDULED
PROPERTY (which is more fully described in the schedule of property), into a multi
storied residential apartments, consisting of Ground/Stilt Floor (for Parking) + Five
Upper Floors, so that it is beneficial to the Land Owner as well as the Developers and
the Developers have come forward to construct residential building and have agreed to
develop the schedule property and construct residential building thereon known as
“SYED’S RESIDENCY”.

AND THE WHEREAS, the Land Owner also agreed to give a General Power of
Attorney in favour of the Developers in respect of the Scheduled property to act on their
behalf in their names.

NOW THIS AGREEMENT WITNESSES AS FOLLOWS:-

• In pursuance of the above said understanding and with mutual consent, The
LAND OWNER hereby entrust the development and construction of Residential
Complex to be named as “SYED’S RESIDENCY” on the Schedule Property to the
DEVEOLPERS and delivered vacant and physical possession.
 :: 2::

• The DEVELOPERS shall further apply for sanctioned Building Plan and
permission from the competent authority of G+2 but for construction of multi-
storied Residential Complex with Stilt + 5 upper floors. However, The
DEVELOPERS shall give provision in the structural design for one more floor.

• The LAND OWNER & Developers shall have the rights of the Terrace Equally.
• The Developers shall construct the residential building complex at their own
expenses within 20 (Twenty) months with a grace period of (4) months as per the
GP plan with all amenities such as bore-well, drinking water connection,
Electricity connection Transformer, Lift, and Inverter. The construction of the
residential units in the buildings shall be in accordance with the specifications as
detailed in the Annexure forming a part and parcel of this agreement. And that the
LRS will be borne by Land Owners.

• The Land Owner and the Developer hereby agreed to share the total built up area
in the form of Flats along with car parking areas and undivided share of land in the
ratio of 50 : 50 i.e., 50% to Land Owner and 50% to the (Developer respectively
and the entire construction shall be made and completed within a period of 20
(Twenty) months and with a grace period of (4) months from the date of
development agreement.

• The DEVELOPERS shall deliver the vacant physical possession of the built up
area of 50% in the form of Flats to the LAND OWNER within 20 (Twenty)
months and with grace period of 4 months along with all amenities and
enjoyments like driveway, water, electricity etc.

• The possession of the developer under this agreement over schedule property is for
carrying out the development and the developer shall comply with all terms and
conditions with his obligations under this agreement.

• The LAND OWNER or their appointed representative shall have right to inspect
/supervise the flats/super built up area during construction as per the annexure to
the development agreement to ensure quality of the construction, case if the
Owners desire any deviation in the specifications or any extra work to be done
apart from the working plans the Developer shall duly execute such deviations.
The working plan shall be signed by both the parties before commencement of
each work.
 ::3::

• The deposits and voluntary contribution payable to the TSSPDCL for securing the
required electricity and such amounts payable to HMWSS & SB for securing
water supply and sewerage facilities charges shall be paid the Developer only
upon the availability till completion of the project.

• The Land Owners shall cooperate with the Developer and sign the plans etc.,
seeking permission and the approvals for the building for the amenities to be
provided for the complex.

• The Land Owner as well as the purchasers of the residential units shall use all
common facilities jointly and shall not demand partition of undivided share in the
land but they shall be beneficial and exclusive Owners of the flats or units
belonging to them. The common usage conditions shall apply to the Owners and
occupants of the flats under the Telangana state. Apartment (Promotion of
construction and Ownership) Act 1987. They shall become members of the flat
Owners welfare association and pay the monthly maintenance charges as fixed by
the said association.

• The Developer shall be responsible to pay the wages of the workers employed on
the construction and the salaries of the staff including workmen’s compensation
and observe all labor law regulations till the project is completed. The Land
Owner is in no way concerned in this regard.

• The Developer shall be responsible for all the money raised to the extent of their
share in the project either by way of loans, borrowers, advances or sale money
from the intending buyers.

• The Land Owner shall provide the original documents of title and all the link
documents for verification as and when required for completion of the formalities.
However, the original documents shall be retained in the custody of Land Owner
only.

• If any dispute arises out of this Development Agreement, the same shall be settled
by the parties through arbitration under the provision of the arbitration and
conciliation Act, 1996 each party nominating one arbitrator and if necessary with
appoint an umpire. The venue of the arbitration shall be at Hyderabad.
 ::4::
• Both the Land Owner and developers have agreed to share their respective built up
area in the form of flats at 50% : 50% between them along with all amenities and
common enjoyments provided in the said proposed complex. The details of flats
fallen to their respective shares is as follows:

Floor Land Owner Developer

1 & 2 Jointly
Flat Parking Flat Parking
FIRST FLOOR 101 & 102 NIL
SECOND NIL 201 & 202
FLOOR
THIRD 301 & 302 NIL
FLOOR
FOURTH NIL 401 & 402
FLOOR
FIFTH FLOOR 502 501 Front

PARKING IN GROUND / STILT FLOOR :

• 50% Parking allotted to the Owner.

• 50% Parking allotted to the Developer .

That the terrace rights in respect of the said proposed building shall be with 50%
to owners and 50 % to Developer jointly with undivided share of 20 Sq.Yards of
land and all 10 flats will get 30 Sq.Yards each of undivided share of land.

• Developers can only register the 50% share Property after 100% completion of
the Proposed building and mean while developers can collect advance for their
propose share for selling their portions after starting construction of the proposed
building.

• That the Developer assures the safety during the construction, and if any accident
casualty, damages happen to the Labour and Neighbours property either movable
or immovable then the Developer shall be responsible for the same and the Land
Owner shall in no way be involved in the said matter or for payment of
compensation whatsoever.
 ::5::

• That the Land Owner hereby declares that the Schedule property is not subject to
any sort of liens, Family Disputes, Wills, Bank Attachments, Court Attachments,
Govt. or Public litigations, etc., and not subjected to surety or security whatsoever
nature and kind. That if any disputes or litigations in respect of title of the said
property arises during the development period, then the Land Owner shall be held
responsible for the same.

SCHEDULE OF PROPERTY
All that the Land/Plot, bearing No. B-343, SY. No.96/2 & 96/3 at Sun-City,
BANDLAGUDA JAGIR, Rajendranagar Mandal, Ranga Reddy District, Hyderabad,
T.S., admeasuring 300.00 Square Yards or equivalent to 250.93 Square Metres, T.S.,
as follows:-

NORTH : Plot NO.342

SOUTH : Plot No.344

EAST : Plot No.348

WEST : 33 Ft. Wide Road

ANNEXURE – 1A

1) Description of the Property : Land/Plot, bearing No. B-343, SY. No.96/2 & 96/3
at Sun-City, BANDLAGUDA JAGIR,
Rajendranagar Mandal, Ranga Reddy District,
Hyderabad, T.S., admeasuring 300.00 Square
Yards or equivalent to 250.93 Square Metres, T.S.,
2) Type of Roof and Structure : R.C.C. roofing and framed structure.
3) Total Extent of the site : 300 Square Yards.
4) Proposed Built-up area : 12060 Sq.Feet (Five Upper Floors; with 2412
Sq.Feet on each Floor)
5) Stilt for Parking : 2500 Sq.Feet.
 ::6::
6) Total value of the Property : Rs.72,45,500/-

(Total Square Feet : (13944 x 760 = 1,05,97,440/-) @ .1% = Rs.10,59,744/-)

(Total Parking Area : (2786 x 500 = 13,93,000/-) @ .5% = Rs.6965/-)
Calculation To Be Checked

DECLARATION
I/We hereby declare that the above stated particulars are true and correct to the best of
my/our knowledge.

IN WITNESS WHEREOF this development agreement cum General Power of Attorney

has been signed and delivered out of the free will and consent of the parties on the day,
month and year first above written.

And more clearly delineated in the plan annexed hereto, and marked in RED Colour.

LAND OWNER

WITNESSES:

DEVELOPER

1.

2.
 ::7::

SPECIFICATIONS
Structure : R.C.C. Framed structure as designed and approved by structural
engineer and quality ready mix from manual and steel shall be
either TMT or 550 Grade will be used. The Foundation & columns
shall be designed for 6 floors.

Walls : Light Weight Red bricks (external internal red bricks)

Plastering : Internal & external walls cement plastering with double coat
sponge finish.

Doors : Main door single with best teak wood with polished finish
Other doors frames shall be in teak wood and shutters pinewood
flush with premium quality fittings. Toilets door shutters shall be of
WPC.

Windows : Powder coated Aluminium 3-track windows of Premium quality.

M.S. Security grills shall be provided.

Flooring : Premium quality vitrified tiles is used in all flats for flooring and
skirting.

Toilets : A) Premium quality hot & cold wall mixer and shower.
B) Premium quality CP fittings.
C) Bathroom flooring tiles anti- skid with 7 feet height glazed tiles
Provision for exhaust fan and geyser plug points
standard sized wash basin.

Kitchen : A) Granite kitchen platform with stainless steel sink.

B) Full Length height ceramic tiles dado above kitchen platform.
C) Provision for Aqua-guard, exhaust fan plug points.
D) Provision for washing machine plug points in utility area.
E) Chajja will be provided in kitchen

Painting : Plastic emulsion for the inner walls and ceiling with lappam
finishing, Asian Enamel paint for the internal doors & for the main
door and main window melamine polish. Ceiling will be done
Asian Tractor Emulsion.
 ::8::
Electrical : Best quality of Concealed copper wiring with ISI standard conduits
for lights and plug points where ever necessary.
• Power outlets for air conditioners in all bed rooms.
• Power plug for cooking range chimney, refrigerator and mixer-
grinder in kitchen and etc.
• Power points for TV & Audio systems wherever necessary.
• III Phase supply for each flat & individual meter boards.
• ALL electrical fittings of ISI standard Brand switches.
• Finolex wires shall be used.
Plumbing &
Water : Concealed CPVC piping (Ashirwad) and PVC pipes of standard
quality for external & internal lines with 24 hours water supply
with separate tanks for Bore well and drinking water at Terrace and
underground sumps for 12000 litrs storage.

Lift : 6 passenger lift with backup through invertor and front fascia
granite cladding

RCC Racks : Will be provided in the kitchen only

Stilt : Stilt flooring should be parking tiles.

Stairs Railing : SS railing

Water storage : Sump and overhead Sintex water tanks to be provided.

Elevation : Exclusive and most modern and beautiful elevation.

NOTE: All places bore water & municipal taps provided. Municipal water, sewerage
water, transformer, common lights, watchman room, toilets, compound wall, well
designed main gate with ornamental granite pillars and one small gate also and
ornamental grills, ornamental lights, landscape inside and outside compound wall shall be
provided.