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New Doc 26-Jan-2021 9.48 Am

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0% found this document useful (0 votes)
51 views3 pages

New Doc 26-Jan-2021 9.48 Am

Uploaded by

Pc Rajasekhar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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02298 Buon rey 171425 JAN 16 2021 @ __--.n- as e& R.0000100 PB7142 we meee eiawannn DEED OF CANCELLATION THIS DEED OF CANCELLATION (“Deed”) is made at Hyderabad on this «rt ay Of ssssses1+2020 by and betwee M/s ALIENS SMART CITY PRIVATE LIMITED Having its registered office at sy. No. 384 / 385, Aliens Space Station, Tellapur, R.C. Puram, Sangareddy’ Dist, Telangana. Represented by its Mr. HARI CHALLA S/o. Mr. C.V-R ‘CHOUDARY, Managing Director of the Company (OR) Mr. VENKAT PRASANNA CHALL-A S/o. Me GYR CHOUDARY, Joint Managing Director of the Company by any of the One signatories detailed herein. “VENDOR/DEVELOPER” which expression shall, the context thereof, be deemed subsidiaries, associates and (Hereinafter referred to as the ‘unless excluded by or repugnant to the meaning or t to mean and include its successors, executors, assigns). And the KAMMART SHIVA, S/O. Mr, KAMMARI LAKSHMAIAH ACHARI, Aged about 28 Years, Occ: Business(self Employee) R/O: 76-97-327-9, Weekar Section Colony, S.A.P Camp, Kallur, Kurnool, Kalluru, Andhra Pradesh -518003 0 as the “PURCHASER/S” which expression unless ‘the context or meaning thereof, shall mean and .cutors, administrators, and successors). Hereinafter severally referred t excluded by or repugnant to include his/her /their heirs, exe WHEREAS: 1) The Vendor / Developer is in the process of developing a residential project known te ALIENS HUB", at Survey Nos. 30,31,32, tentative situated at Chennaram Stage, Talakondapally Mandal, Rangareddy District. The said lands were purchased in the name of Vendor / Developer and its group companies. the above mentioned land and other lands owned by the 4 its group companies in Vithaipally Village, Amangal Mandal and Chennaram & Yedavally Villages under Talakondapally Mandal, the Vendor / Duveloper prepared a master layout tentatively with the Amenities, Social amenities, Golf Course as mentioned in the Annexure-I and the said project is Simed as “ALIENS HUB" and the layout relating to the aforementioned land is seemed as “Cytheria A Series ” and it is part and parcel of the total project “ALIENS HUB" «) ‘The PURCHASER had approached the Vendor/Developer to purchase a Plot in the Project, and after negotiations between the PURCHASER and the b) In order to develop Vendor/Developer an ‘Vendor/Developer Purchaser arrangement by executing this Deed. NOW THIS DEED OF CANCELLATION WITNESSETH AS FOLLOWS: 1, The Purchaser hereby represents, assures and declares to the Developer that the Purchaser has not created any third party rights nor acted in furtherance of the said Agreement of Sale / Reservation nor encumbered the said Plot or any part thereof. The Purchaser further represents that he/she/it is solely and absolutely entitled to put an end to the hereinbefore recited Agreement of Sale / Reservation and all the arrangements arrived there under without causing any loss, damage, Vendor/Developer, the terms.and conditions relating to the sale transaction were finalized and they had entered into an Agreement of Sale / Reservation dated . (“Agreement of Sale / Reservation”) recording the terms and conditions agreed between them for sale of a Plot detailed in the Schedule of Property in the Agreement of Sale / Reservation Priority No. 2706(‘Plot No.375, Dtep-2") also detailed in “Schedule Property” hereunder. The PURCHASER had paid total amount of Rs.2,50,000/- from his own source the Vendor/Developer hereby acknowledges having received the said amount. Pursuant to certain discussions between the Parties, the Parties have agreed to cancel and terminate the said Agreement and all arrangements arrived there under and thereby transferring all of the Purchaser's right, title and interest whatsoever in the Plot to the DEVELOPER. The Parties are therefore desirous of recording this inconvenience or hardship either to the Developer and/or the Owners. . Pursuant to execution hereof, the Developer shalll pay to the Bank the amounts due to them under the financial facility granted by the Bank to the Purchaser if any availed and after such payment the balance if any shall be paid to the Purchaser. Accordingly on the basis of the representations of the Purchaser and the Es understanding agreed between the Parties, simultaneously with execution hereof, the Total amount receive Rs.2,50,000/- in which Developer has refunded Rs.0/- (Rupees Zero Only) So far and will refund the balance amount of Rs.2,50,000/- (Rupees Two Lakhs Fifty Thousand only ) as per the above mentioned in the following manner. S.No Payment of the Month ieewmen Amount = March21 ‘80000 5 Api 80000 é May'21 ‘90000 Total Amount 2,50,000/- (The payment and receipt whereof the Purchaser hereby admits and acknowledges and from every part thereof discharges the Developer) 4. The Purchaser agrees, declares and confirms that simultaneously with execution of whatsoever nature. Vendor/Developer hereof, the Purchaser shall have no claim, right, title and interest of whatsoever nature either concerning the said Plot or any part thereof and/or against the Developer save and except to the entitlement of receiving the monies as provided in clause [3] herein above, The Purchaser further declares and confirms having returned back to the Company all the relevant papers, Revenue Records, Deeds, Documents, Writings etc. pertaining to the said Plot and that the Developer is absolutely entitled to deal with the said Plot in the manner in which the said Company deems fit and proper and to which the Purchaser shall have no objection Purchaser in view of the Purchaser having received the entire monies as per Clause 3 above the said Agreement of Sale / Reservation stands cancelled with mutual consent of the Parties and the same has become null and void and unenforceable in law and that none of the provisions of the said Agreement of Sale / Reservation survive hereafter and neither Parties shall have any claim or right against one another of any nature whatsoever. 6. The Parties agree that all the letters, brochures, marketing material, emails, correspondence, etc. exchanged by either Parties or their representatives and Advocates shall stand withdrawn and cancelled. ‘The Purchaser further agrees and undertakes to sign and execute such other deeds, documents, writings, ete. as may be required for the aforesaid purposes and intents without claiming any further consideration. Accordingly, the Purchaser agrees T indemnify and keep the Developer, its Share Holders, Directors, Successors and Assigns fully indemnified against any claim, action, demand, suit, recovery: proceedings, etc. that may be adopted by any person/s claiming, by, from, through or under the Purchaser herein concerning the said Agreement. SCHEDULE OF PROPERTY All that part & parcel of CYTHERIA A SERIES Plot No— 37S Dtcp-2, admeasuring 225 Sq¥ds in Survey Nos. 30,31,32, situated at Chennaram village, ‘Talakondapally Mandal, Rangareddy District. Account Details: BANK DETAILS [Account Name: KAMMARI SHIVA ‘Recount Number: 917010080419682 NRSC Code: UTIBOO02874 Branch: Kurnool branch TINESS WHEREOF, THE PARTIES HEREIN SIGN THIS AGREEMENT ON THE DATE MONTH AND YEAR ABOVE MENTIONED IN PRESENCE OF THE FOLLOWING WITNESSES: @ 2 Mote: Please add attested PAN caid and address proof of the customer as an attachment to this agreement. For and on behalf of M/S.ALIENS SMART CITY PVT LTD. \ Vendor/Developer Purchaser

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