JOINT VENTURE AND DEVELOPMENT AGREEMENT

This development agreement entered at Chennai on this the 2012.

BETWEEN
Mr. Land Owner aged year, Son of, residing at No:. Hereinafter called the OWNER
which expression and term shall, unless, repugnant to the context or meaning thereof,
include his heirs, legal representatives, executors and assigns of the FI RST PART:
AND
M/S.RealAgent India, represented by its Proprietor Mrs. Vaanisree.s, aged about
26 years, wife of Mr. J.Prabhakaran, office at No.297, Nethaji Street, Agaramthen, Meppedu
Post, Chennai- 600 073, Branch Off: 285, Velachery Main Raod, Chennai-600073.
ereIna ter aIIe t e PROMOTER which expression land term shall, unless repugnant to
the context or meaning thereof, include its successors, assigns, executors, administrators,
and legal heirs, of SECOND PART.

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WHEREAS the FIRST PART is the sole and absolute owner of the land and building,
bearing ress . measuring an extent of sq.ft land Mot er Do ent DetaIIs


WERE t e OWNER herein ever since the date of purchase has been in continuous
possession and occupation of the schedule mentioned property without any let hindrance from
any person whomsoever in any manner whatsoever.

WHEREAS the OWNER ereIn esIro s o e eIo In s e Ie entIone ro ert
constructing residential flat over it.

W ereas In rs an e o t e a o e t e OWNER as a roa e t e PROMOTER
herein and requested it to assist his in the development of the schedule mentioned property
and also requested to construct a residential flat over the same consisting of individual
dwelling flats.

WERE t e OWNER as ass re t e PROMOTER t at e Is t e soIe an
absolute owner of the schedule mentioned property and no other person or entity has any
interest whatsoever in the said property. Based on the assurances and representations of the
OWNER t e PROMOTER as a ree to e eIo t e s e Ie entIone ro ert s e t to
the following terms and conditions.

NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:

1. In consideration of the aforesaid and in consideration of the developer agreeing to
develop the schedule mentioned property.
2. T e OWNER s aII a e 50 I e o IIt area as Is s are an t e PROMOTER
shall have 50% the balance build up area of the project as per working plan as his
share owned by promoter after obtaining building plan approval.
3. The PROMOTER will pay a Refundable Deposit or Non Refundable Deposit sum
of Rs. /- (Rupees only) to land owner.
4. T e OWNER n erta es to on e to t e PROMOTER or Is noInees o reaInIn
onstr te area eIon In to t e PROMOTER T e OWNER or Is oer a ent
shall have the right to convey the proportionate share of the undivided share of land, of
t e PROMOTER t ro a saIe ee s aIon It t e PROMOTER to Is
nominee(s).
5. T e OWNER ass res t at t e tItIe to t e ro ert Is nI ea a Ie an t ere are no
factors affecting the title of the owner to the Schedule property and has paid all taxes
and other dues in respect of the same till date.
6. T e PROMOTER o enants t at t e entIre ost o onstr tIon o t e II In to e
ere te o er t e s e Ie ro ert s aII e orne t e PROMOTER
7. T e PROMOTER rt er o enants t at aII ees a a Ie to t e Architects, lawyers,
Engineers and independent Contracts in respect of the Development and any other
levies, charges and deposits required to be paid for the purpose of obtaining licenses,
sanctions and for construction over the schedule property shall be borne by the
PROMOTER
8. T e OWNER a rees an n erta es to e e te aIe Dee or Power of Attroney for the
saI e tent aIIotte to t e PROMOTER In t e s e Ie ro ert as mentioned in
Schedule C In a o r o t e PROMOTER or Its noInees In s undivided shares
as an en aIIe on to o so t e PROMOTER
9. The Stamp Duty and registration charge in respect of the extents to be conveyed in
res e t o t e PROMOTER s are s aII e orne t e PROMOTER or Its noInees
10. n e ent o t e OWNER eIn esIro s o an o I I atIon In re ar to an
specification / amenities in his portion of the built up area in the proposed building, the
sae s aII e arrIe o t t e PROMOTER at t e e tra to e aI t e oner
11. T e Oners s are o IIt up area during the process of construction and after the
sae Is onstr te an eII ere s aII e t e a soI te ro ert o t e OWNER an
he shall be entitled to deal with the same independently in any manner deemed fit by
him, further the owner shall be liable to pay all taxes, Patta charges and statutory levies
in respect of the same subsequent to taking possession of his share in the constructed
area as well as the undivided share in the land retained by her.
12. T e PROMOTER s aII be entitled to deal on its own account and for its own benefit,
its own share of built-up area in the proposed building.
13. T e PROMOTER ass res to a I or t e re Ire erIssIons san tIons an ot er
approvals for putting up the construction over the Schedule property. The
PROMOTER ass res to se aIIt aterIaIs
14. T e PROMOTER s aII oen e t e or o onstr tIon Ie IateI a ter on
obtaining approval of plans by Chennai Metropolitan Development Authority,
Corporation of Chennai and other authorities. The project shall be completed within 12
months time from the date of obtaining Plan Sanction from the relevant Authorities,
subject however to Force Major circumstances or in event of circumstances beyond the
ontroI o t e PROMOTER . The time is the essence of this Agreement.
15. The style and nature of construction and the materials used shall be at the sole
Is retIon o t e PROMOTER o s aII e entItIe to a oInt Its on r Ite ts
Engineers, Contractors, Sub-Contractors, workmen of all types all other personnel for
onstr tIon an o IetIon o t e II In to e onstr te t e PROMOTER
16. T e OWNER s aII ee t e PROMOTER II indemnified and harmless against all
costs or claims, action or proceedings loss or liability, including any objection / claim if
an arIsIn a aInst t e PROMOTER In res e t o an e e t In tItIe to t e ro ert o
the owner or any claim by way of existing mortgage / charge / lease / tenancy, license,
Patta trust, maintenance or otherwise.
17. The Owner shall simultaneous to the execution of this Agreement, execute and register
a eneraI Poer o ttorne In a o r o t e PROMOTER or t e noInees o t e
PROMOTER to ena Ie t e PROMOTER to a roa t e or oratIon o ennaI
C.D.M.A., CMWSSB & T.N.E.B. and all other municipal authorities for obtaining all
licenses, approvals and clearance for obtaining approval of plans and for erecting
superstructure over the schedule property.
18. The Parties shall co-operate with each other and do all reasonable acts, deeds and
things as may be required by the other to successfully complete the development of the
e Ie ro ert an t e OWNER a rees to sI n an e e te ne essar a II atIons
a ers o ents ee s an t In s as t e PROMOTER a re Ire ro tIe to
time in order to Ie aII an e e tI eI est In t e PROMOTER or Its noInee s tItIe In
the Schedule A property.
19. The name of the Project shall be by ----- an s aII not e an e In an
circumstances and the said name is to be incorporated in all Agreements to be entered
into with the prospective purchasers.
20. T e PROMOTER s aII e res onsI Ie or an aa e or In r or Ioss a se to an
person in the course of putting up the construction or undertaking or completing the
project.
21. In the event of any dispute or difference arising between the parties in regard to this
Agreement or the development of the Schedule property, they shall endeavor to settle
the same by mutual negotiation / discussions. In the event of their being unable to
arrive at a mutually agreeable solution, they shall refer such dispute / difference to
arbitration. The decision of the Arbitrator shall be final and binding on the parties. The
Venue of Arbitration shall be Chennai City. The said Arbitrator shall appointed by
mutual consent.
22. It is hereby further agreed, declared and confirmed between the parties hereto that this
Agreement is irrevocable. Either party shall be entitled to specific performance by the
other in case there is any breach of any of the terms and conditions or this Agreement.
23. The Owner shall execute a General Power of Attorney in favour of the promoter to sell
aa t e Prooters s are In t e IIt area a ter o IetIon o t e onstr tIon an
also after hand over the share of the owner.
24. The OWNER and PROMOTER has agreed to construct 5 flats , with 1 Flat at Ground
floor , 2 flats in the First Floor and 2 Flats in the Second floor with 5 Carparking as per
the construction details more fully described in the SCHEDULE B and detail
specification in SCHEDULE C below and the rough plan attached herewith.
25. As specified in the Construction details, the total area of sq.ft with approximate
construction area of sq.ft to be built as mutually agreed. (inclusive of common area and
car parking), whereas the first part gets sq.f t of buildup area with UDS of sq.f t to be
retained as PLOTS (F1, F2) and remaining with UDS share of sq.f t to be sold @ rate of
Rs./sq.ft of total Rs. paid to First Part by Second Part as mutually agreed. The
remaining undivided share of about sq.f t UDS with sq.f t of Saleable area (inclusive of
common area and car parking), shall be of the builder of the party of the SECOND
PART, whereas Second part will retain PLOTS (S1, S2) with Sq.ft to be sold @ rate of
Rs./sq.ft of total Rs. and paid to by selling G1 flat as mutually agreed.

SCHEDULE A

Ite n o


BOUNDED ON THE

NORTH EAST BY :
SOUTH WEST BY :
SOUTH EAST BY :
NORTH WEST BY :

MEASURING ON THE

NORTH EAST BY :
SOUTH WEST BY :
SOUTH EAST BY :
NORTH WEST BY :

Total Extent : square feet

SCHEDULE B

Construction Details

FIoor PIan DetaIIs




SCHEDULE C

Detail info on Specification

STRUCTURE:
Column Pillar Foundation with R.C.C. beams, Roof Slabs, etc as per Structural Engineers Design (Thermo Mechanically Treated- TMT
Steel ISI Certified)
All outer walls will be Double Brick Work in c.m. 1:5 of 9 Wall thickness.
All inner walls will be Single Brick Work in c. m. 1:4 of 4.5 Wall thickness.
Casting Foundation/ Footings/ Plinth Beams/ Columns /Roof beams/ Roof Slabs ISI Standard 53 Grade Cement will be used ( ISI
Certified)
For Brickwork & Plastering ISI Standard 53 or 43 Grade cement will be used. ( ISI Certified)
WALL FINISHES:
Internal walls will be finished with cement plaster with two coat putty finish and premium emulsion paint.
Exterior faces of the building will be finished with the cement plaster and Exterior Weather coat grade paint.
Ceiling areas of entire apartment both exterior and interior areas shall be finished with cement plaster and paint.
The toilet walls will be finished with designer concept glazed ceramic tiles subject to a limited choice of colours and concepts up to 7
high.
Other than the tiled area in toilets, Kitchen, other areas will be finished with cement plaster and putty finish with emulsion paint.
Wash and Service area will be finished with ceramic tiles up to 3-0 height. 2-0 above the kitchen platform will be finished with glazed
ceramic tiles
FLOOR FINISH:
All rooms will have Marble flooring and skirting.
Glazed tiles will be provided in toilet walls concept design up to height of 7 0 and flooring shall be provided anti-skid tiles.
Staircase will be finished with staircase tiles or blocks.
Tile or Cement Plastering for setback areas and Car parking.
Weathering Tiles for Open Terrace Area.
DOORS:
Entrance Door using Teakwood frame with Solid Teak wood doors polished on the external and internal surfaces.
Bedroom frames will be made out of Teak wood with water proofing - Moulded Flush doors.
For Toilets, 30mm thick Designer one side plastic coated waterproof flush doors.
Powder Coated steel fixtures will be used for all door Fittings with ISI brand locks (Godrej Locks with three keys for Main Door and
Mortise Locks for Bedrooms or Equivalent).
WINDOWS:
All window frames and shutters will be provided with Teak Wood
In toilets Fixed Lowered Ventilators will be provided.
All windows and ventilators will have Enamel Painted Mild Steel Grills.
KITCHEN:
Platform will be done with 20mm thick Galaxy Black Granite slabs 2 wide and provided with Stainless Steel Single Bowl sink with single
drain board.
Sufficient storage space will be provided underneath the cooking platform with shelves.
SANITARY WARE & PLUMBING:
Concealed Plumbing lines from overhead tank to all the apartments.(ISI Brand only)
Open plumbing lines will be of PVC pipes of ISI Brand.
European Water Closet (EWC) provided in attached toilet and Indian water closet (IWC) provided in common toilet.(Parryware or
Equivalent) with health faucet in both.
Wash basin in Dining hall and in attached toilets. (Parryware or Equivalent).
3 in 1 Wall in attached toilet and 2 in 1 wall mixer at general toilet.
All taps and showers will be of designer half turn taps of ISI brand, Chromium-plated with mixing fitting. (Jaguar or Equivalent).
ElECTRICAL:
All wiring is Concealed copper wiring suitable for 3-Phase supply. (ISI Approved Orbit or Equivalent Quality) with adequate routing for
lighting and power loads as per electrical plan.
Separate energy meter will be given to each apartment in meter room located at ground floor. Distribution board shall be provided in
each apartment for easy isolation of suppl y with MCBs.
Common services shall have separate meters.
15 AMPS power socket will be provided for geyser in all bathroom with, A/C point in bedrooms and 2 points in Kitchen for Grinder and
Microwave oven
5 AMPS sockets four points will be provided, one for mixer machine, one for refrigerator, one for washing machine, three for exhaust
fan at kitchen and toilets.
Two 5 AMPS plug socket will be provided in each room. Two fan points in Living, One in Dining and One in each bedroom will be provided
One calling bell and Chandelier Point will be provided.
Two Light points in Living, Bedrooms and One Light point in Kitchen and Dining will be provided.
One Light point will be provided in balcony, toilets and Entrance Door frame respectivel y and One 5 Amps plug socket in Toilet will be
provided.
Provision of Connecting Invertors with breaker
Energy Saver provision at all the rooms.
Home theatre provision at hall.
Two ways switches for Bedrooms and Corridor.
Concealed Internet and TV Jack will be provided in Living and master Bedrooms.
Extra points will be provided at extra cost
Material used will be of ISI approved, Modular switches of Anchor Roma or equivalent brand.
PAINTING:
Internal surface will be finish with two coats Birla wall care putty with Concept Premium Emulsion paint. (Asian Paints or Equivalent)
colour of your choice.
External surface will be finished with Exterior Weatherproof Emulsion Paint as per architectural design and specification.
Synthetic Enamel paint for wooden surface and Grills.
WATER SUPPLY:
Sufficient Borewell depth with ISI Branded water pump motor of 1.5 Hp.
Sufficient under-ground sump for metro water will be provided.
Overhead Tank with two partitions,
COMMON FEATURES:
Entrance gate shall be provided.
Safety Grills at Entrance Gate will be provided.
Common areas, staircases, Car parking, terrace and compound shall be with Adequate light points.
Shelves with Cuddappa stones or concert slabs shall be provided in kitchen and bedrooms.
Lofts shall be provided in bedroom, kitchen.
Separate motor shed with grill provided.
Shoe Rack facilities at entrance
Pujja Room with shelves in cuddappa.
Swing hooks at balcony
Washing Machine Inlet / Outlet provision to be provided at service area.
IN WITNESS WHEREOF THE PARTIES HERETO HAVE SET THEIR LAND SIGNATURE ON THE
DATE, MONTH AND YEAR FIRST ABOVE WRITTEN IN THE PRESENCE OF:

Party of the First Part


Party of the Second part



WITNESSES:

1.


2.