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DEVELOPMENT AGREEMENT-CUM-GPA
This Development Agreement - Ci - GPA is made and executed on the 23rd
day of January,2023 by and between :
1. Shri.B.A Satya Devi Prasad, S/o Shri.D.V Rao, aged, about 57 years, Occ : Business,
R/o H.No. 1-124, Motinagar, Bobbuguda, Hyderabad. Aadhar No.
2. Shri.B.Anantha Satya Kumar, S/o Shri.B.V Rao, aged, about 62 years, Occ : Business,
R/o H.No. 1-124/1, Motinagar, Bobbuguda, Hyderabad. Aadhar No.
Hereinafter called the “OWNERS” the 1st Party, which term shall mean and include their heirs,
legal representatives successors in interest, assignees and administrators and executors etc., on
first part.
INFAVOUR OF
1. Shri.C.V.Siddartha, S/o C.Vinod Kumar, aged, about 22 years, Occ : Business, R/o
H.No. 8-2-136/1, Panjagutta, Srinagar Colony Road, Hyderabad. Aadhar No. 7217 9648
4458.
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3. K.Venkatesh, S/o K.Nageshwar Rao, aged, about 31 years, Occ : Business, R/o Plot No
351/A, Vivekananda nagar, Borabanda, Hyderabad. Aadhar No. 3024 9125 2551.
Hereinafter called as “ DEVELOPERS” or Second party which term and expression shall
mean and include all its partners, their legal representatives, successors in the interest, assignes
and administrator and executors etc.
WHEREAS the Owner No1 is the absolute owner and possessor of the portion of House
Bearing No H.No. 1-124 (old No) (New No.) H.No. 13-1-124 Plot no 48, in Sy No. 19 and 20
and 1-124/1 (old No) (New No) H.No. 13-1-124 Plot no 48, in Sy No. 19 and 20 Motinagar,
Bobbuguda, Hyderabad, which has been acquired by document No. 4301/1981 dt. 10-07-1981
Document No. 3044/1996 dated 8th July 1996 land measuring both together 268 Sq.Yards, i.e
224.16 Sq.Mtrs.,8-3-167/6/A/1, admeasuring 268 Sq.yards 268 Sq.Yards, i.e 224.16
Sq.Mtrs.,which is old house situated at Motinagar, Bobbuguda, Hyderabad, Telangana State,
Hyderabad, at the Office of the R.O Hyderabad and which is more fully described in the
schedule and hereinafter for the sake of brevity referred to AS ‘Scheduled Property/Said
Property’.
AND WHEREAS the owners being the vested right holders with an intention to develop the
property approached the developers, who are having vast experience in construction work to take
up the development work of the said property.
The developers have accepted for the said proposal and agreed to take up the construction of
Building with Stilt + 4 floors ( or as per approved Municipal plan) in the site by intervesting their
funds after demolition of existing old building.
NOW THIS AGREEMENT WITNESSES AS FOLLOWS :
1. The first party declared that the schedule property is not attached by the provisions of the
Urban Land ( Ceiling Regulations) Act 1976.
2. The land owners here by deliver the physical possession of the schedule property more
fully described in the schedule mentioned below to the developers for the development of the
same in to a building. The developers immediately on the signing of this agreement take up all
activities connected with the development of the scheduled property.
3. That the developers and land owners hereby agreed :
The Developers in lieu of this Development Agreement in respect of proposed
development of property bearing H.No. 1-124 (old No) (New No.) H.No. 13-1-124 Plot no 48, in
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Sy No. 19 and 20 and 1-124/1 (old No) (New No) H.No. 13-1-124 Plot no 48, in Sy No. 19 and
20 Motinagar, Bobbuguda, Hyderabad, which has been acquired by document No. 4301/1981 dt.
10-07-1981 Document No. 3044/1996 dated 8th July 1996 land measuring both together 268
Sq.Yards, i.e 224.16 Sq.Mtrs., the above land has agreed to construct stilt plus 5 floors and
deliver on 50 : 50 basis.
The owners shall be entitled to 50% including 50% for parking
The developers shall be entitled to 50% including 50% for parking
of the entire construction.
In each floor two flats will be constructed one each for the Owner and the
Developer.
The lift and corridors have to be used by the both parties commonly.
Owner share Builder share
Ground floor 50% parking 50% parking
Ist floor 1 Flat 1Flat
IInd floor 1 Flat 1Flat
IIIrd floor 1 Flat 1Flat
IVth floor 1 Flat 1Flat
Vth floor 1 Flat 1Flat
Open Terrace 50% 50%
4. The developers shall prepare the plans for construction of residential complex and the
owners shall execute the necessary papers and submit the same to the Municipal Authorities for
obtaining necessary sanction, all the expenses for preparing plans and payments of fees for
obtaining Municipal sanctions etc., shall be borne by the developers only. The developers shall
be entitled to represent the owners on their behalf in the Municipal as well as other Government
offices for obtaining sanction for construction of residential flats and other constructions in the
schedule property and the owners shall extend their full cooperation in the regard.
5. The owners confirm that they are the absolute owners and having absolute rights to offer
the property on development to developers and further assure that the said property is free from
all encumbrances, charges, litigations claims and attachments etc.,
6. The second party shall pay Rs. 30,00,000/- as good will to the first party.
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7. In pursuance of the development agreement the second party shall pay Rs.8,00,000/- as
advance payment to the first party vide cheque Nos.1.000004 dated 23.01.2023 of Bank
of Baroda, Srinagar Colony Br, Hyderabad for an amount of Rs. 2,00,000/- (Rupees Two
lakhs only ), and 2. 633908 of Indian Overseas Bank, Kalyannagar Branch, Hyderabad
for an amount of Rs.2,00,000/- (Rupees two lakhs only) in favour of Shri.B.A Satya Devi
Prasad.
2. Paid to the first party vide cheque Nos.1.000003 dated 23.01.2023 of Bank of Baroda,
Srinagar Colony Br, Hyderabad for an amount of Rs. 2,00,000/- (Rupees Two lakhs only
), and 2. 633909 of Indian Overseas Bank, Kalyannagar Branch, Hyderabad for an
amount of Rs.2,00,000/- (Rupees two lakhs only) in favour of Shri.B.Ananta Satya
Kumar.
And the remaining payment of Rs,22,00,000/- (Rupees Twenty two Lakhs ) will be paid
by the second party to the first party after handovering the above said property by the
first party.
8. Al the taxes etc., including any amounts payable in respect of the schedule property uop
to the date of entering into this agreement are duly discharged to by the land owners and if any
such demand is found payable shall be duly discharged to by the land owners.
9. The permission for obtaining electricity, water supply and sewerage connections from the
respective departments shall be done by the developers and the existing electricity connections
shall be retained by the landowners and the same shall get connected to their flats.
10. That the owners shall indemnity the developers from all losses or damages if any incurred
by way of any dispute with regard to the title or the scheduled property and the owners are liable
to pay the actual loss or damages to the developers.
11. That the residential areas proposed to be constructed in the proposed building shall be
constructed in accordance with the specifications. The elevation should be of a residential
building and it should be at the builder’s choice. The same shall form part and parcel of this
agreement. It is also further agreed that if the land owners desires to make any additions or
alterations to their share or by built-up area the same shall be done by the developers at the cost
of the land owners. The cost of such additions or alteration will be arrived by mutual
negotiations.
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12. The developers shall construct and deliver the built-up area entitled by first part under
this agreement within 18 months from the date of actual starting of work. However, the
developers are entitled 4 months grace period.
13. That the developers shall be entitled to assign the rights to sell the said property of their
share or and undivided share of land and interest therein to its nominee being the prospective
purchaser or tenements and also to offer the sale of tenements falling into their share to intending
purchasers and to receive consideration thereof. The landowners hereby undertake to ratify and
confirm all such acts and deeds of the developers.
14. The developers is at liberty to invite public in General to purchase the proposed tenement
falling into the share of the developers by way of advertisement and such other modes. The land
owners shall not have any objections for the sale.
15. If developers request the landowners the landowners shall join execution of agreement of
sale and such other deeds in favour of respective purchasers as and when required. The
landowners shall also execute and register sale deed in favour of purchasers of Tenements.
However, the stamp duty, registration charges have to be borne by the tenement purchasers.
16. After completion of the said said building and after appointment of their respective shares
in the constructed area as agreed in the agreement, the open and forming in part of the schedule
property and the common stairs and passages and the common amenities shall be owned in
common by all the prospective purchasers tenements and the land owners if they retain any
tenements jointly. However, subject to the condition that the each tenement owners would be
entitled to proportionate rights over the land depending upon the extent of the tenement to the
total constructed areas excluding the garage space and parking space and terrace.
17. The land owners have handed over General power of Attorney to the developers to their
share of 50% which is mentioned in para 3 of this document. The General Power of Attorney is
irrecoverable and cannot be canceled at any time, and owners shall also here by affirm and agree
that in future owners will not appoint any person or persons etc., as their General Power of
Attorney for the mentioned property in Para 3 of this document.
18. The first party hereby appoint their share retains, nominate and constitute the second
party as their lawful attorney in respect of share allotted to the second party along with
proportionate undivided share of land and to do the following acts deeds and things in their name
and on their behalf.
a) To enter in to an agreement sale in respect of share allotted to second party with
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intending purchaser and to receive the sale consideration acknowledge the receipt
of the earnest money and pass valid receipts for payments received.
b) to sign and execute the sale deeds in respect of share allotted to second party and
such documents in respect of schedule property and present such sale deeds
conveyance deeds before the registering authority admit the execution and get the
sale deed registered.
c) To sell the schedule property as in full or part in respect of share allotted to
second party in favour of the perspective purchasers, and to execute registered
sale deed accordingly.
d) To apply and and obtain sanction plan and permissions etc., from M.C.H
Hyderabad for the construction of residential building and the other structures on
the schedule property and to sign all such applications, forms affidavits or
petitions and papers as may be necessary.
e) To make statements file affidavits, reports in all proceedings before any statutory
authority including Municipality ULC Authority Water works department
TSSPDCL and obtain necessary sanctioned permission and approvals.
f) To institute, sign, file suits, petitions, plaints, appeals write or any other
proceedings in respect of the schedule property and to defend the pr8inc8i8pals in
all courts, quasi judicial authorities, civil or criminal or in the High Court of
Telangana or in the Supreme Court of India and to sign and verify all applications
affidavits, appeals, plaints, petitions, vakalats etc., from time to time and give
evidence in court of law on behalf of principals and to effect compromise in all
such legal proceedings:
g) To appoint such Advocate at our Attorney's choice and to fix such remuneration
to our attorney deem fit.
h) To appoint or engage such architect or architects, construction engineers laborers
for the construction of the said building.
i) To advise the project for sale in such a manner as may our attorney shall feel
necessary and to solicit such customers for the purpose of selling the flats.
j) To hand over peaceful and vacant possession to the prospective purchasers of the
flats.
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k) To present before the competent authority Urban land Ceiling and necessary
obtain permission to sell the above said property in favour of prospective
purchaser.
l) To present before the State or Central Government Authority, and obtain
necessary permission to sell the above said property.
m) To do Acts and things as may be incidential or necessary to for transfer of the
above said property to the prospective purchasers as fully and effectively in all
respects.
19) The first party authorize and empower the send party to the following :
a) To sign and submit applications petitions appeals letters etc., to obtain requisite
permission sanction and Clearance as may be needed to develop the property from
Municipal authorities and Government and Semi-Government.
b) To apply TSSPDCL for requirement of electricity connection, transformers and
the water works Department for drainage connection or to any Government
Authority.
20) That the landowners shall produce the original documents of title pertaining to the
schedule property before any official whenever required or sanctioning authority like
Municipal Corporation, Electricity Department and Financial institutions for loan purpose
and at the time of Registrations etc.
21) It is further agreed that parties to this agreement shall be bound by all the terms herein
contained if either of the parties to this agreement commit breach of the terms herein
contained then such party as the case may be entitled to enforce specially the terms of this
contract and also to claim damage in respect of the loss sustained from the party
committing such breach.
22) Electricity, Electric Lift and Water and Drainage charges shall be borne by Developers at
50% and owners 50% and
23) It is further, agreed that in case of any dispute arising out of this contract or touching any
of the matters relating to this contract the parties shall refer such dispute to a mutually
appointed Arbitrator. The parties shall be bound by the decision of the Arbitrator.
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SPECIFICATIONS
1. STRUCTURE : R.C.C. Framed Structure
2. WALLS : Quality Bric 4 ½ thick with cement
3. PLASTERING : Sponge finish with Cement mortar Internal
lappam finishing hall.
4. FLOORING : Ceramic / vitrified tiles will be laid in all rooms in
cement mortar in 1:6 .
5. DOORS : All door frames with doors with door frame with
Non teak wood, door shutters with solid core
flush doors and main door with laminated finish
6. WINDOWS : UPVC window fully glazed sliding shutters with
Fly proof and safety grills.
7. KITCHEN : Kitchen platform area is planned with Granite
stone built in sink, 2’0 height dado with glazed
tiles.
8. TOILETS : Ceramic flooring and Ceramic tiles up to door
height for cladding,
9. FALL CEILLING : For Hall and 2 Bed rooms.
10. PAINTING : Lappam Finish for inner walls and ceiling with
one coat primer and 2 coats with Tractor
Emulsion paint, for doors with synthetic Enamel
paints over 1 coat of wood primer. For external
walls 1 coat primer and 2 coats of Apex Paint.
11. ELECTRICAL : Concealed copper wiring (Fine CAB) and
Anchor switches adequate light points and power
plugs.
13. LIFT : 4 persons lift will be provided
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14. PLUMBING : Concealed piping with Sanitary fittings ( Medium
quality )
15. Borewell : A Borewell will be provided with Motor Pump
16. Water Sump : 1 Water Sump with 10,0008/- litres capacity and
overhead tank with 8,000/- litres will be provided.
17. Compound Wall : Compound will be provided with 5 Feet height
with 2 M.S Gates
18. A Watchman room along with toilet will be provided within an area of 120 SFT on
the ground floor.
19. Ground Floor Flooring : P.C.C Concrete with 4” thick 1” parking tiles will
be laid in parking area.
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SCHEDULE OF PROPERTY
All that the House bearing Nos H.No. 1-124 (old No) (New No.) H.No. 13-1-124 Plot no
48, in Sy No. 19 and 20 and 1-124/1 (old No) (New No) H.No. 13-1-124/1, Plot no 48, in Sy
No. 19 and 20 Motinagar, Bobbuguda, Hyderabad, which has been acquired by document No.
4301/1981 dt. 10-07-1981 Document No. 3044/1996 dated 8th July 1996 land measuring both
together 268 Sq.Yards, i.e 224.16 Sq.Mtrs., situated at Mothi nagar, Bobbuguda, Hyderabad and
bounded by the following boundaries.
North : 40 Ft road
South : House of late Shri.Moti lal.
East : Plot No. 49
West : Plot No. 47
In witness there of the parties herein sigh this Development agreement on the date,
month, and year mentioned, the presence of the following witnesses :
WITNESSES
1. 1.
2.
(OWNERS)
`
2. 1.
2.
(DEVELOPERS)
