agreement of sale109

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  • 8/13/2019 Agreement of Sale109

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    AGREEMENT OF SALE

    This Agreement of sale is made and executed at R.C.Puram, Hyderabad, on thisday of 05thJuly 2013 by and between.

    SRI JAYAM HOUSING AND CONSTRUCTIONS Pvt.Ltd. REPRESENTED BY ITSMANAGING DIRECTOR, SRI. BOBBADHI JAYAPRAKASH, S/o.B. JAGANNADHA RAO,Aged about 33 years, Occ: Business, R/o. R/o. Lig-6, BHEL, R.C.Puram Mandal,Medak District, A.P.

    IN FAVOUR OF

    Sri.B.Laxmi Ramana, S/o.B. Ramesh, Aged About 51Years, Occupation: GovtEmployee, R/o.H.No.12-1/4, MIG-296, HUDA Colony, Chandanagar, Hyderabad,A.p

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    Whereas the Vendoris the sole and absolute owner & peacefulpossessor of Plot with no:109, total admeasuring area of 201.55 Sq Yds. the land insurvey No.518 & 519 total admeasuring areaAc.11-15 Gts.,(JP`s County)situated at Mamidipally Village, Sangareddy Mandal, Medak District, A.P

    The Vendorhas offered to sell the Schedule of Property for a total sale

    consideration amount of Rs.12,09,300/- (Rupees Twelve Lakhs Nine ThousandThree Hundred Rupees only) and the Vendeehas agreed to purchase the same forthe above said sale consideration.

    NOW THIS AGREEMENT OF SALE WITHNESSETH AS FOLLOWS:

    1. That in pursuance of the aforesaid sale, The Sale consideration amountof Rs.12,09,300/- (Rupees Twelve Lakhs Nine Thousand Three HundredRupees only) and the Vendee has paid an Amount of Rs.5,00,000/-(Rupees Five Lakhs Only) by the way of Cheque of APGVB, BHEL,ChqNo:733394 to the Vendor as an advance amount on 18-03-2013, andVendor do hereby admits and acknowledge the receipt of the said sum.The balance of Rs. 15,000/- (Rupees Fifteen Thousand only)will be paidby the Vendee within 1Year (i.e.12 months) at the time of saleRegistration from the date of execution of this Agreement of Sale.

    2. That the Vendor hereby promise to the Vendee that there is nosubsisting agreement with third parties and that the Vendor haveentitled to sell the said property and no other persons have got any rightor interest of the whatsoever in and over the said schedule of Property.

    3. That the Vendor hereby declare that, he is the peaceful owner of theSchedule of property and that there is no defect of title in respect ofthe said Schedule of Property, If any defect or dispute arise in future itis the sole responsibility of the Vendorto resolve the said matter. The

    Vendorshall compensate the losses incurred by the Vendee.4. That the Schedule of property hereby soled is free from the

    encumbrances, charges, prior sales, gifts, liens, court attachments,legal litigations, family disputes or any other litigations etc., and theVendor has full powers and absolute authority to sell the Schedule ofProperty to the Vendee.

    5. That the Vendor hereby indemnify and keep the Vendee indemnifiedfrom, against all the losses, costs, expenses, damages, sustain if any tothe Vendeeon account of any defect in the title of the Vendoror fromany third Partiesclaim or if the Vendeeis derived from the part or whole of Schedule of

    property the Vendor shall compensate against the registration as andwhen demanded by the Vendee.6. Whereas the Vendee shall bear the Registration charges at the time of

    registration.7. That the Vendorshall furnish all the necessary documents in respect of

    the schedule of property to the Vendee.8. That the Vendorhereby further declares that the henceforth, it will be

    lawful for the Vendee to occupy and neither Vendornor their heirs orrepresentative will not have any right or claim thereon and all suchrights of the Vendor shall henceforth rest absolutely in favour of theVendee, his/her heirs and assigns.

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    SCHEDULE OF THE PROPERTY

    Open plot bearing: 109, total admeasuring area of 201.55 Sq Yds. insurvey No.518 & 519 total admeasuring area Ac.11-15 Gts.,(JP`s County)situated at Mamidipally Village, Sangareddy Mandal, Medak District, underR.O.Sangareddy,A.P., M.P.P Sangareddy,Zpp Medak, Under The Jurisdiction ofDistrict Registrar, Medak at Sangareddy, and Bounded by

    NORTH : PLOT.NO.110

    SOUTH : Land Of Sri Jayam Housing & Constructions Pvt.Ltd

    EAST : PLOT NO.118

    WEST : 40WIDE ROAD

    IN WITNESS whereof the Vendor and Vendee above named have settheir hands to this Agreement of sale on this day, month and years aforementioned at Chandanagar, Hyderabad.

    WITNESSES: VENDOR

    1) VENDEE

    2)