This 3 sentence summary provides the key details from the document:
The document is an agreement of sale between Mohammed Farooq as the vendor and Mohammed Ismail and Syed Afsar as the purchasers for a property located in Kadugondanahalli Village, Bangalore. The price agreed for the sale of the 3000 square foot property is Rs. 60,00,000, of which Rs. 26,75,000 has already been paid by the purchasers as an advance, with the remaining Rs. 33,25,000 to be paid within 3 months. The agreement details the terms of the sale including possession, documents required, expenses, and assurances from the vendor regarding clear
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Litigation Property | Bangalore Property
1. BKT 5632
AGREEMENTOFSALE
WITHOUT POSSESSION
THIS AGREEMENT OF SALE is made and executed on this 22nd day of March
2017 at Bangalore City:
BYANDBETWEEN,
Sri. MOHAMMED FARO0Q, Aged about 50 years,
S/o. Late Syed Shabuddin,
Residing at No.604, 8th Cross Road,
Maralur Janatha Colony, Tumkur-572105.
Hereinafter called the VENDOR' (which term shall mean and include his heirs,
legal representatives, executors, successors, administrators and assignees) OF
THE ONE PART,
ANDIN FAVOUROFF:
1. Mr. MOHAMMED ISMAIL,
Aged about 27 years,
S/o. Mohammed Nazeer,
Residing at No.227/15, Hennur service Road,
HBR Layout, 4th block, Next to Masjid E Yousuf,
Bangalore-560 043.
2. Mr.SYED AFSAR,
Aged about 32 years,
S/o. Mr.Allah Bakhas,
Residing at No.29, 10th Main,
2ad Cross, P.G.Halli,
Bangalore - 560003.
Hereinafter called the 'PURCHASERS' (which term shall mean and include
their heirs, legal representatives, sxecutors, successors, administrators and
assignees) OF THE OTHER PART.
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MNHIINI
Department of Stamps and Regstration
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Mr. MOHAMMEDISMAIL S/OMOHAMMED NAZEER
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6750.00 P.O.No.125187. Dated: 22/03/2017 issued
by SYNDICATE BANK, Bangalore
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WITNESSES AS FOLLOWS:
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Whereas, the Vendor is the sole and absolute owner of Property bearing No.1,
Situated at KADUGONDANAHALLI VIILAGE, Kasaba Hobli, Bangalore North
Taluk, Now this Property comes under BBMP Limits, Old Ward No.94,
Bangalore Now assigned as Municipal No.l, at Nagawara Main Road,
K.G.Halli, Bangalore, Ward No.23, PID No.94-43-1, Which is more fully
described in the schedule hereunder, hereinafter referred to as the
"SCHEDULE PROPERTY".
.
Whereas the Vendor father (Syed Shabuddin) has acquired the schedule
property through registered Sale Deed, vide Document No.5147/1989-90 of
Book No.1, Volume No.89, Pages 250 to 252, dated: 2-01-1990, registered in
the office of the sub registrar, K.R.Puram, Bangalore thereafter Syed
Shabuddin had demised on dated: 31-1-1991 at Bangalore, and the late Syed
Shabuddin has the only one son (Mahammed Farooq) his the legal heirs to the
Schedule Property.
Whereas the VENDOR has family members have executed registered Release
Deed in favour of Vendor herein., under Item No.1, vide Document No.KCH-1-
02273/2016-17 of Book No.1, Stored in CD KCHD211, dated: 31/08/2016
registered in the office of the sub registrar, Kacharkanahalli, Bangalore.
Whereas the VENDOR have been in possession, occupation and enjoyment as
sole on owner of the Schedule property, since the date of acquisition by him.
Apart from the Vendor, no other person/s have any right, title or interest in the
Schedule property.
Whereas, the VENDOR is in need of funds for the maintenance of the family
and other legal necessities has offered to sell the schedule property by assuring
the PURCHASERS that the schedule property is free from all kinds of
encumbrances etc., and the PURCHASERS has agreed to purchase the
schedule property. And whereas upon the mutual consent and understanding
the price of the schedule property is fixed at Rs.60,00,000/-(Rupees Sixty
Lakhs Only) free from all kinds of encumbrances etc.
Page 2
4. Print Date &Time 22-03-2017 05:52:08 PM
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Mr. MOHAMMED ISMAIL S/o MOHAMMED NAZEER asbod aesd anded
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Mr. MOHAMMED ISMAIL S/O
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Mr. SYED AFSAR S/o Mr. ALLAH
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NOW THIS AGREEMENTTOSELL WITNESSETH AS FOLLOWs:
1. The price of the schedule property more fully set out in the schedule
hereunder is fixed at Rs.60,00,000/-(Rupees Sixty Lakhs Only) both
the VENDOR and PURCHASERS agreed for the price fixed herein.
2. That in pursuance of the above agreement, the PURCHASERS this day
paid to the VENDOR the sum of Rs.26,75,000/-(Rupees Twenty six
akhs Seventy Five Thousand Only) paid as follows:- a) Rs. 80,000/- by
way of Cheque No. 305467, dated- 24/08/2016 drawn on Syndicate
Bank, Kacharakanahalli Branch, Bangalore,
24/08/2016, to till date all totally advance amount is Rs. 25,20,000/
by way of Cash, and cheque, b) Rs.75,000/- by way of Cheque No.
781058, dated:22/03/2017 drawn on Syndicate Bank, Kacharakanahali
Branch, Bangalore, as earnest advance amount and part of sale
consideration amount. Thus on the receipt of the above amount the
VENDOR both hereby admit and acknowledges before the witnesses
signed to this agreement.
irom the date of
3. The above payment have been made by the PURCHASERS as directed by
the VENDOR, the receipt of which the VENDOR, hereby abmit,
acknowledge and acquit the PURCHASERS of the same.
4. The time for performance of the agreement shall be completed after the
completion of the necessary documents in the name of the PURCHASERS
required for the registration process. From today it is agreed that time
fixed herein for performance shall be the essence of this contract.
5. The PURCHASERS agreed to pay the remaining balance sale
consideration amount of Rs.33,25,000/-(Rupees Thirty Three Lakhs
Twenty Five Thousand Only) on or before Three Months from this
agreement of sale. The VENDOR agreed for the same.
6. The expenses for preparation of sale-deed, cost of stamp-duty,
registration charges and all other expenses shall be borne by the
PURCHASERS.
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7. 7. The VENDOR agreed to produce all relevant and required documents to
register the sale of the schedule property in favour of the PURCHASERSs
or their nominee/s as the PURCHASERS may require, within the above-
stipulated period.
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8. The VENDOR agreed to hand over the vacant possession of the schedule
property to the PURCHASERS at the time of Registration of Absolute Sale
deed.
9. That the VENDOR have been undertaken that they will not enter into any
agreement or alienate either the Schedule property in favour of any third
party/ies in whatsoever manner
10.That the PURCHASERS may take out one or more public notices in
respect of the Schedule property which has been offered for sale and the
VENDOR shall clear all or any objections that may arise upon
publication of such public notices, before completion of the sale
transaction or the time fixed for completion thereol, as the case may be.
11.That the VENDOR shall be fully responsible, at their own costs and risks,
to clear all the litigation concerning possession, title, tenancy,
unauthorized occupation, private or public demands and other litigations
of whatsoever nature, if any found or discovered, and shall clear all
encumbrances, third party rights and claims of whatsoever nature,
before the time fixed for completion of the sale, so as to covey an
absolute, subsisting and marketable title in respect of the Schedule
property in favour of the PURCHASERS or his nominee/s.
12.That the VENDOR shall convey the Schedule property as a contiguous
single block of the property.
13.The VENDOR shall amount for differ possession differ to the square feet
in the Schedule Property.
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9. 2
14.It is agreed between the parties that if the VENDOR fails to execute the
Sale Deed and covey the Schedule Property as agrecd above whenever
the PURCHASERS Called for registration and convey the Schedule
Property within the stipulated period. PURCHASERS is at liberty to sue
for specific performance and take the necessary Sale Deed of sue for the
recovery of liquidated damages from the VENDOR.
r o f
jo eS 15.The VENDOR does hereby indemnify and agree to indemnify and keep
the PURCHASERS and every one claiming under them indernnified and
harmless at all times against al or any actions, damages, charges,
litigation, costs, claims including minors claims, encumbrances, losses
or other consequences arising out of any desects in the title of the
VENDOR or their inability to perform the contract hereby agreed for
reasons whatsoever, excepting for such reasons specifically provided for
in this agreement.
16.The Vendor assures that the schedule property is free from all kinds of
encumbrances, litigations, claims, court attachments, Proceedings,
Minor or Maintenance charges, liens, disputes, mortgage etc., The
Vendor represents that, apart from him there are no other person/s
having right, clain, interest over the schedule property and he has not
mortgaged, lien or encumbered the said property in any manner or
entered into any agreement of sale with any other persons.
sCHEDULE
All that piece and parcel of Property bearing No.1, Situated at
KADUGONDANAHALLI VITLAGE, Kasaba Hobli, Bangalore North Taluk, Now
this Property comes under BBMP Limits, Old Ward No.94, Bangalore Now
assigned as Municipal No.1, at Nagawara Main Road, K.G.Halli, Bangalore,
Ward No.23, PID No.94-43-1, Measuring East to West: 100 feet and North
to South: 30 feet in all totally measuring 3000 Sq. ft., and bounded on
the:
East by
West by
North by
South by
Private Property,
Nagawara Main Road,
Private Property,
Ganesh Temple Road.
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10. a224
In Witnesscs whereof the Vendor and the PURCHASERS have signed this
agreement of sale on the day, month and year first above mentioned, in the
presence of the following witnesses at Bangalore.
WITNESSES:
VENDOR
1.
2.
s « 'my
PURCHASERS
a l ? 2
C.V. SUBRAMANĂťA
D.W.LNo. 30/2011-12
No. 2, Chanukya Layout
St. Philomina Hospital Road
Nagawara, Bengalore560 045
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