~ SAOANAND APARTMENTS, 2nd FLOOR,\ - "9n/A.3, GOKHALENAGAR ROAD,

, , '. (BHAMBURDA, SHIVAJINAGAR,.; 'PUNE 411 016.!: .(f) 25659121 TELEFAX: 25658429

E-mail: arkadv@vsnl.com

cdPA.~ADVOCATE'

Date: 04/1112007

TITLEAND.SEARCHREPORTIi" ;

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On or towards East : By Survey No. J 06 (part)

On or toward$,South By Survey No. 86 (part);I'

On or toward~West .By Surv,eyNO.86 (pari)

On or towards North : By Survey No.85 (part)

(hereinafter~eferredto as 'SAID I-A .LAND')

At the instance of Matrix Developers Pvt. Ltd., a company duly. registeredand incorporated under the Companies Act, 1956 having its registered office at' 30, Yashoda, Kala Nagar, Bandra (East), Mumbai 400 051 through'its DirectorMr. Shrikant P. Paranjape, I have investigated into the titl~.of respectiveowners of the lands, situated at Village Bhugiton, Taluka Mulshi, District Pune,within the limits of Zilla Parishad Pune, Panchayat Samiti TalukaMulshi andin the Registration Sub-District TalukaMulshi, Disi: Pune which lands aremore particularly described in the Para 1 below. Hence I submit 4erewith myReport of Search and Title as follows:- '

1. Description of the Property

A) Land owned by S.R. Kulkarni and 14 others, whp have grante~Development rights'infavour ofMat~i:xnevelopers Pvt.jLtd. I

, I

AIr that piece and. parcel of land adm.'I' Hectares' 31Ares' out' d.f Surve~_No. 86/1/2 totally adm. 3 Hectare 95.2 Ares aSSessed at Rs.'5.45 pais~~situated at Village Bhuga,on, Taluka: Mtdshi,District: fune, \\7ithinthblimits 9f ZillaParishad Pune, PanchayatSamiti Taluka Mulshiand in thbRegistration 'Sub-District TalukaMulshi(Paud), Dist: Punewhich lanU

, adm. 1Hectare 31Aies is bounded as follows:

G'. I

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i . . ,:. _~

B) Land owned, by Mr. Prakash A. Apte, who 'has granted Developmentrights in favour of Matrix Developers Pvt. Ltd. I

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All that piece and parcel of land adm.,Ollectares40 Ar~s,bearingSurveyNo. 102l1l1i(Survey No. 102/113 asrperthe Mutation Entry No. 3492),

I .... "'. . . . " '

assessed at Rs. 0.70 Paise situated. at Viliage'Bhugaon, Taluka::Mulshi,District: Pune, within the limits of ZillaParishad Pune,Panchay~t-SamitiTaluka Mulshi and in the Registration Sub-District Taluka Mulsht(paud)',Dis!: Pune, which Survey No, 102/1;1 is bounded as f01l0WS~ '

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--.._--~---"------~----~-_."-._---"---"--c--- ._"_". . .----,-__~ . _.~- " , ,

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On or towards East By Survey No. 102(part)1!.:On or towards South By Survey No. 102 (part) i:

On or towards West By Survey No. 93

On or towards North By Survey No. 102 (part)

."! ,

Survey NO.1 iSr.

, Hlssa No. A~ea In'Assessed at Boundaries ,Gunthewsrl ~q.M.No. Act

It R Rs. Ps.

10111 0 33I.

(part) ,out of2' 29 3 00

\...--'"102/3/2 0 08

2. out of(part)"", 0 44 0 47

2

.... ~---_._----_..._ ...•, ...---_.__ ._---_ .._-, .._---------- ...__ ._-' ..._-_ .._-- ..__ .__ . -._-'--_.' .._------,. __ ..... -_.__ .._ .._._--------~

(hereinafter referred toJs 'SAID l-e LANDS')

The lands more particularly described in Clause I-A, 1;,B'and l-C above areindependently referred to ias the "said I-A land", the "said I-B land" and "saidl-e lands" respectively itnd said I-A land, the said I-B land and said l-C landsare collectively referred to as the "said lands" wherever context Sorequires.

(hereinafter referred t~ as 'SAID I-B LAND')

C) Lands owned by Smt1 Gauri Ennamadi of which Development Rightscame through Panch.ratna Township Pvt. Ltd. in favour otMatrixDevelopers Pvt. Ltd. : i

All those pieces and parcels of two lands totally adm ..,O Hectares 41 Ares,situated at Village Bh~gaon, Taluka: Mulshi, District, Pune, wit4in thelimits of Zilla Parishad Pune, l>anchayat Samiti TalukaMulshi and in theRegistration 'Sub-:Pistrict Taluka Mulshi(Paud), DistPune consisting ofpieces of lands b~aring ISurvey Nos., Areas, Assessments and boundaries asfollows: ' I" ",' ,

,- Continuation Sheet

ADVOCATE.

2. Search of Index II Registers and Revenue Records:

Myself along with my colleague Advocates Mrs. Madhuri N. Naik and Mrs.Mrudgandha S. Joshi, carried .out the search in respect of the said lands inthe Index II registers for the period of 1978 to 2007 (Le. for the period oflast 30 years) in the offices of Sub Registrar, Mulshi (Paud), Sub-Registrar,Wadgaon Maval and District Registration Office, Purte,after depositingnecessary search fees for the same. The copy of the search receipt isannexed herewith as Annexure' A'. During search, we did not come acrossany entry rt?pugnant. to the. right, .title and interest. of the present' owners' totheir respective lands out of the said lands as well as to the developmentrights of said Pancharatna Township Pvt. Ltd. as the Developer of the saidl-C lands. [However, this Report is to be read subject to any missing entrydue to condition of records inspected or non-availability of records' in theoffices of Sub Registrar, Mulshi (Paud), Sub-Registrar; Wadgaon Mataland District: Registration Office, Pune.

3. L1stof documents perused:

a) 7/12 extracts of the said lands for the period at last 30 years.b) Relevant Mutation. entries in respect of the said lands .for th~ period of

last 30 y~ars. '. ,• c) Villagetpap of Bhugaon.

d) Zone certificates in respect of' the said lands issued. by the Assist*ntDirector: of Town Planning, Punewith reference to the Regional PlanlofPune Di~trict. " '

e) Original! or the certified copies of title deeds' in respect of the: said laIldsexcepting the title deeds, which could not be traced out or madeavailabl~ for my perusal. .

f) Certificate of Incorporation ofPancharatn a Township Pvt. Ltd;g) Memorandum of Association and Articles of Association ofPancharatna

Township Pvt, Ltd. .;h) Our Putllic Notices in 'Sakal' dated 18/06/2007 in respect of the said

lands. ;i) Compos~te preliminary order dated 16/2/2006 bearing ref~rence No.

PMAINAI SRl131/2005 issued by the Collector, Revenue Branch,Puneas per :the provisions of Maharashtra Gunthewari (RegularizationUpgrad~tion and Control)Act2001. '

j) The composite layout sanctioned by the Collector, Revenue Branch,Pune, as per the aforesaid preliminary Order dated 16/2/2006 .••.

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k) Composite final order dated 28/6/2006 bearing reference No. PMAINNSRI 131/2005 issu~d by the Collector;' Revenue Branch, Funeas per theprovisions of Maharashtra Gunthewari (Regularization Upgradation andControl) Act 2001.'

I) Demarcation Certificate issued by Taluka Inspector of Land Recordsunder reference, Gunthewari very Urgent Measurement Register No.62/2006 on 29/4/2006

m) Revised Layout sanctioned by Collector, Revenue Branch, Pune; dated9/10/2006 vide Order No. PMAlNNSR /164/2006.

Title Deeds and Agreements in respect of said I-A land

1'-I,

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n) Original Sale Deed'dated 9/10/1990 executed by Baban Sadhu Sanasand others in favo,ur of Ashok Kumar Mehr~, Badruddin Hir~i and.Narudding Hirani ibearing Registration No. printed 1484/199(l),JointDistrict Registrar, ~une. ,

0) Agreement for Sal~ dated 22/9/2005 executed byAshokKumar Mehrain favour of Mr. S. R. Kulkarni and 13 others, bearing registration No.4936/200'5 in the office of Sub-Registrar, Mulshi (Paud).

p) Power of Attorney ~ated22/9/2005 executed by AshokKumar Mehrain,i,favour of Mr. S. a.Kulkarni and 13 others,bearing,tegistrati6nNo;'4937/2005 in'the office of Sub-Registrar , Mlilshi'(Paud). ' I

q) Agreement for Sal~ dated 22/9/2005 executed by Mr. BadruddinJHiran(in favour of Mr. S. R. Kulkarni and 13 others;bearirigtegistrat~on No. '4930/2005 in ,the office of Sub-Registrar, MtilshL(Paud);" ' , _

; -'.' " .: '",' -' 1r) Power of Attorney dated 22/9/2005 executeciFbyMt. Badruddin~ Hiraniin favour of Mr. S.!R. Kulkarni and 13 othel's,bearingtegistratipn No.4929/2005 in the office of Sub..Registrar , Mtilshi(J>aud): ' ,

s) Agreement for Sale! dated 22/9/2005 execut~d by Mr:NaruddinlHiraniin favour of Mr. S. '~. Kulkarni and 13 others, bearing registration No.4927/2005 in the office of Sub-Registrar, Mulshi (PaUd).

t) Power of Attorney dated 22/9/2005 executedlbyMr.Naiuddin Hirani infavour of Mr. S. R. Kulkarni and 13 others, bearing registration No.4928/2005 in the office of Sub-Registrar, Mulshi (Paud). '

u) Deed of Conveyance dated 18/4/2006 executed by Ashok KumariMehrain favour of Mr. S. !R. Kulkarni and 13 others, bearing registration No. ,2298/2006 in the office of Sub-Registrar , Mulshi{Paud).

v) Deed of Conveyanc~ dated 25/7/2006 executed by Badruddin Hirani infavour of Mr. S. R. Kulkarni and 13 others~ bearing registration No.,4905/2006 in the office of Sub-Registrar, Mulshi (Paud). '

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-" Continuation Sheet

ADVOCATE'

w) Deed of Co~veyance dated 25/5/2006 executed by Naruddin Hirani infavour of Mr. S. R.Kulkarniand ,Bothers, bearing registration No.4906/2006 ini.the offlceof Sub-Regi~trar,Mulshi (Paud). .

x) Original DeVelopment Agreement dated 29/08/2007 executed byS.R.Kulkarni and 13 others in favour of Matrix Developers Pvt. Ltd.bearing Registration No. 6239/2007 in the office of Sub..Registrar,Mulshi (Paud) alongwith original Registration Receipt and Index IIthereof. .

y) Original Power of Attorney dated 29/08/2007 executed by S. R.Kulkarni and 13 others in favour of Matrix Developers Pvt. Ltd .•bearingRegistration :No. 6240/2007 in the office of Sub-Registrar, Mulshi(Paud)

Title Deeds and'Agreements in respect of said I-B land..

. - - ... ---_ ...•_------_.,~--_....---- ._._-- ._ .._-----,.---- ---_.-, --... -----------_. -" ..-----_. - ..---_ ..- -"-"-"-' .-

Title Deeds andiAgre~ments in respect of said l-C land

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ff) Copy of In,dex- II ofSaJe Deed dated 9/6/1989 executed by OagduKhandu Ingawale ~andot4ers in favqurof Punita J. Desai for a4m. 1Hectare 71.5 Are out of Survey No. 101. .•.

ri.

z) Certified copy of Sale Deed dated 15/3/1993 executedoy Satis~ Puriand Anita Puri in favour of Kashyap, .BharEitand ~amleshi Shahbearing registrationNo~ 619/1993, S4b.•RegistrarMulshi KPaud).:

aa) Certified cqpy of Correction Deed.'dated 30/9/1993 executed by~atishPuri and ~ita Puri in favour of Kashyap, Bharat and Kamleshi Shahbearing registration No ..2531/1993;S~.I1J..Registrar ..•.Mulsh!i(Paudt

bb) Unregister~cl.,,:Sal~.Deed dated:21/2/2006. executed by K~hyap,Bharat and Katnlesh Shah in favourofMr.PrakashAtun¥\pte.. .

c~) Original Deed ofConfinnation dated 22/8/2007 executed by K~hyapShah, Bharat Shah.and Kamalesh Shah in favour. of. '.Mr. PrakashApte annexed with Original. Safe ,Deed . dated 21/2/2i006,b~aringRegistration No. 5800/2007inthe i6ffice of Sub ..Regi~trar, :N1ulshi(Paud) alongwith original Registratiop Receipt and .Index II thereof.

dd) Original D~velopment Agreementd~ted ..29/08/2007 executed by Mr.P. A. Apte in favour of Matrix Developers Pvt. Ltd. b~aringRegistratio# No. ,.6237/2Q07 in the (office of Sub-RegIstrar, Mulshi(Paud) alongwith,originaL Registratiop Receiptand Index II thereof.

ee) OriginalPqwer of Attorney dated 29/08/2007 executed by'Mr.,P. A.Apte in favour of Matrix Developers' Pvt. Ltd.' bearing RegistrationNo. 6238/2907 inthe office of Sub-Registrar, Mulshi (Paud)

i)

v)

Ii)

Sale Deed dated 26/5/1932 executed by Maruti Tukar~ISanas infavour of Dagd~ and Bhau Hari Sanas in~espectof said J-A fland;!Sale Deed date~ 10/q/1936 executed by!Maruti T; Sanasiri favour ~fLaxman Devji Sldunkeinrespect ofsaid'l .•A land.

iii) Mudat Kharedi khat dated 13/10/1942 ex.ecutedbyMaruti T.ISanas ipfavour of Sadhu ,Khandu sanas in respect of said 1~A land., , , j

iv) Sale Deed dated 22/211944 executed by '~aruti T. Sallas infavouro:fSadhu Khandu Sanas in respect of said 1-~ land.Sale Deed dated 2414/1945 executed by Narayan Bapu Sanas infavour ofYesu Rama Bhilare'ih respecto~'said I;'Alan.d.

gg) Certified copy of Sale Deed dated 18/12/1989, executed by Kum.Punita Jaisinghrao Desai in favour of Smt. Gauri Ennamadi, Mr; HarshKohli, Smt. J~.an Durante and Mr. Konath Parameshwaran. BearingRegistration No. Printed 717/1989 in the office of Joint DistrictRegistrar, Pune.

. hh) Original Devel,Opment Agreement dated 17/01/2007 executed by Smt.Gauri Ennamadi in favolJr of Pancharatna Township" Pvt. ,L~q.'bearingRegistration, No. 2517/2007 in the office of Sub~Registrar,;'Mulshi(Paud) alongwith origirtalRegistration Receipt and IndexIlthereof. "

ii) Original Power; of Attorney dated 17/01/2007executedbyi SIIlt.Gaki' Ennamadi in (avourof;directors of Pancharatna Townshipi,pvt.Ltd.bearing Registration No. 2518/2007 in the office of Sub4Registr~,Mulshi (Paud), alongwith original Registration Receipt anq Index! IIthereof. ' , • ' , ,

jj) Copy of Deed of Correction dated 6/9/2007, executed <by GauriEnnamadi, and ,Pancharatna Township Pvt. Ltd; bearing R~gistrati<:>nNo. 6957/2007 ;inthe office of Su1;J-Registrar,Mulshi (Paud)~longwithoriginal Registr~tionReceipt and~ndex Ilthereof. ,." ",. i, , ,i

kk) 0rigii1aJ Oevel~pmefit Agreementidated ~11IO/~OO~exec~te4 9YGatlrlEnnatlladi;and 'j'RanChl!fatna!Towmhip' ~.L~.inyfavour b~Mlllr\xDevelopers, Pvt,>Ltd."bearingRegistrationNo,'7328/2007"ihWe 0ff1~eof Sub-Registt~r,Mulshi '(Paud) al04gwithoriginal c,RdgistratiqnReceiptand Ind~xJlthereof. ",' ,I ,..i

11) Original Powef of Attorney dated 11/10/2007'exe!cuted,:~y Gati~iEnnamadi and pancharatna TownshipPVt.Ltd;;irt/favouric!>fMan1xDevelopers Pvt.iLtd. bearing Registratiotl No. 7329/2007 iff theoffiqeof Sub-Registraf, Mulshi(Paud). '0' , ' , i !

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4. List of documents w~ich are not available for'myperl1sal:

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:.._ ...- .. - .- - - ..,-_.__ .__ ._---_ ...- ..- ----_._-'---- ....._~ ..._."

Continuation Sheet cd. P/-l. oY~.ADVOCATE

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vi) Sale Qeed datedI4/12/1990 executed by PadmakarBhiwa Ingawale toSudh~ and Vijay Bhinde bearing registration No. 5089/1990 in theoffice ,of Sub-Registrar, Maval in respect of I.;B land.

vii) Sale I?e~d dated 15/6/1992 executed by Ihgawale family to Satish Puriand ~ita Puri bearing registration No. 262411992 in the office of Sub-Registrar, Mulshi(Paud) in respect of I-B land.

viii) Sale Deed dated. 9/611989 executed by Dagdu Khandu Ingawale andothers in favour of Punita J. Desai for adm. 1 Hectare 71.5 Are out ofSurvey No. 101 in respect of said l-C lands.

ix) Sale Deed dated 15/6119,89executed by Ramchandra Abuji IngawaleaDd ot4ers to,Punita J. Desai, bearing registration No. 565/1'989 in theoffice of Sub-Registrar, Maval in respect of 1-C lands.

5. History of title

I have 'pen,Ised the revenue. record and the' available: title deeds ~ddocuments or certified copies thereof in respect of each land out of the sajdlands and I have checked the history of title thereof. I have also perused ~llth~ do,cumeJ!lsand transa<;tions,which took .pla<;efor ~sfer ~f title Qfeachhmd o~t of the said lands from previous owners to tl1epreseJ;lt ownefsand for grant of d,eveloPlllentrights from present owners of saicilands toMatrixiqevelopersPvt. Ltd., as stated below.

A) History of title in respect of said I-A land.

a) Suryey No. 86 totally adm, 18 Acres and 27.5 Gunth~s was originallyowned an~ possessed by Mr. Shripati Devji Salunke,Mr. Narayan BapuSanas and Mr ..Maruti Tukaram Sanas. Thereafter by Sale D~ed dated26/511932, Mr. Maruti Tukaram SanassOld,conveyeq andtrtp1sferredthe land adm. 1 Acre out of' Survey No. 86 to Mr. Dagadu Han Sanasand Mr. Bhagu Hari Sanas and their names .were entered .on.the' revenuerecord vide Mutation Entry N0373. As per .,said Mutatione:ntry theentire land bearing Survey No. 86,was divided into two parts~ SurveyNo. 8611 adm. 17 Acres and27.5 Gunthas and Survey No. 86/~ adm. 1Acre. The aforesaid Sale Deed dated 26/5/1932 being very old, is notavailable fpr my perusal.

b) Thereafter Mr. Shripati Devji.Salunkhe confirmed that land belo~gingtohis share out of the said Survey No, 8611was being~ultivated by hisnephew Mr. Maruti Tukaram Sanas 'and hence his name was d~leted asper Mutation entty No. 696. ~

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iii.',,'!i.t.,.

c) By a Sale Deed dated 10/12/1936, Mr: Maruti Tukaram Sanas sold,conveyed and transferred the land adm. 0 Acres 13 Gunthas out ofSurvey No. 86/1 to Mr. LaxmanDevji Salunkhe and his name wasentered on the revenue record vide Mutation Entry NO.697.As per saidMutation entry the land bearing Survey No. 86/1 was divided into twoparts Survey No. 86/1A adm. 17 Acres and 14.5 Gunthasand SurveyNo. 86/1B adm. 0 Acre 13 Gunthas. The aforesaid Sale Deed dated10/12/1936being very old, is not available for my perusal.

d) Mr. Maruti Tukaram Sanas executed and registered a MudatKharediKhat dated 13/10/1942in respect of l/4th share in the said SuNey No.. 86/1A (wrongly written as SurveyNo. 86/lB in the said Mudat KharediKhat and Mutation Entry No. 822) in favour of Mr. SadhulQIanduSanas, which has been recorded on revenue record by Mutation entryNo. 822. The aforesaid Sale Deed dated 13/10/1942 being very old, isnot available for my,perusal.

e) Said Mr. Maruti Tukaratn Sanas thereaftetby . Sale Deed; dated22/2/1944: sold his land adm. 8 Acres 27 Gtlrtthasoutofthesaid SurveyNo. 86/1A (wrongl)fquoted as SurveyNo. 86/1.Binihesaid Sal~Deeddated 22/2/1944) to Mr..Sadhu Khandu San:~:and hisp.~e~asbeenentered on the revenue record of SurveyNo. :8~/IAyide Mutati()n.entryNo. 852. The aforesaid SaleDeed dated 22/2/1944 beingv~ry.old~is notavaihible for my perusal. .' ".

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f) Further by Sale Deed dated 24/4/1945, Mr. N~ayan Bapu Sanas sold,conveyed and .transf~rredhis landadm. about;7:Acrei24 Gunthas 'out of ,the said Survey No.:86/IAtoMr. ¥esu Ram~Bhilare,Whose:namewasentered on the revenue record of the Survey!No.86/IAvideMutationEntry No. 859. The aforesaid.Sale :Deeddated!24/4/1945being veryold,is not available for my perusal.

g) The said Survey No. 86/1A is divided into two parts I.e. Survey No.86/1A/l adm. 7 Arce 24 Gunthas:I.e. 3 Hectare 08 Ares belonging toMr. Yesu Rama Bhilare and Survey No. 86/1A/2adm. 9 Acres 03Gunthas I.e. 3 Hectare 95.2 Ares belongingtoMr. SadhuKhanduiSanas.

h) Mr. Sadhu Khandu Sanas died intestate leaving behind him hjs legalheirs widow Sakhubai Sadhu Sanas, Mr. Baban Sildhu Sanas, Mr.Vasant Sadhu Sanas, Mr. Ashok Sadhu.SanasJSmt. SahIbai Ko~ate andSmt. Vimalbai Vithoba Kokate and the name.dfMr. Bahan Sadhil Sanas .,.was entered as Manager of Hindu Undivided Family on the revenuerecord of SurveyNo~86/1A/2 videMutationEntry No. 1928.a,

----- ....- .•._., _._-_. .._- .. ----_.'._._- -',- ....__ .__ . - "'---'-_.__ ..-.------_ ..-._._-.-- .._-- "-"_.

---"-''''-'-'-"'-'---'-'-''-''-'--~.-._~ .

- Continuation Sheet

ADVOCATE

i) By a Sale Deed dated 9/10/1990, Mr. Baban Sadhu Sanas, Mrs. RevubaiBaban Sanas, Mrs. Anjanabai Vasant .Sanas, Mrs. Surekha Ashok Sanas,SarubaiiVisluiu Kokate, Mr. Vasant Sadhu Sanas, Mr. Ashok SadhuSanas, Smt. Sakhubai Sadhu Sanas, Vimalbai Vithoba Kokate sold,conveyed and transferred, the land adm. 1 Hectare 31 Ares out of thesaid Survey No. 86/1A12 to Mr. AshokKumar Mehra,Mr.BadruddinPirbhai Hirani and Mr. Nuruddin Pirbhai Hirani. each having equal shareas follows ': '

Mr. Ashok Kumar Mehra , o lIectare43.66 Ar,esMr. Badruddin Pirbhai Hirani o Hectare 43.66 AresMr. Nuruddin Pirbhai Hirani o Hectare 43.66 Ares

The aforesaid Sale Deed has been duly registered in ,the offi:ce of JointDistrict Registrar, Pune, at Sr. No.'Printed 1484/1990. I ha~e seen theoriginal ,Sale I:>;eeddated 9/10/1990.

The names of the aforesaid owners have been duly enterled on the: - - " : - d.. :•. revenue record of the said propertY vide Mutation entry No. 37:56.

j) Due to ,computerization of rev~nue records of village B~ugaon,!byMutatioQ.erttryNo. 5,348 the Jli~saNumbers. of the~lands :jof vill~geBhugaOIiare~hangedand ~he ahd' llie Survey No. and the His~a NumlJerofthe said property has been c~anged to Survey No. 86/1/2. '

i, .k) By three different Agreements~for Sale the aforesaid ownersi agreed:to

sell, convey and transfer their respective lands' toM,. Sanj~yRamchandra Kulkarni and 13 others, and also executed Spec~ficPowerof Attorp.eys. in Javour of Mr.~anjay Ramchandra KulkatiIi and.pothers, 'Yhich Agreements. ,for Sale and Power of Attorneys ~avebe~nduly reg~stered ,in the office of. ~ub-Registrar, Mulshi(Patld~, DistrictPune as stated below: .. .,

Survey No./ Name orthe previous owner Ares Date orthe IiRegistrationHissa No. H Ares Agreement I: No..! andPOA li86/1/1 Mr. AshokKumar Mehra 0 43.66 22/9/2005 i 4936/2005 andf-

14937/200586/1/1 Mr. Badruddiit Pirbhai Hirlini 0 43.66, 22/912005i ! .. 4930/2005, and

4929/200586/1/1 Mr. Nuruddin Pirbhai HitaJii 0 43.66 .22/9/2005 . !. 4927/2005i andI,

492812005

I have seen all the original Agreements for Sale dated 22/9/2005.

9 ~,

. -_.~ ..,.,-_.-'-._,_.'. -_ .._ ....•. ,.._-----_ _. _.---------._._---_._. -..... _ .._--_.,_._-_ .. _ ..._---........ -----------_._-

.. ~.::

/ ..

TI- !

5169I

5770

DateoC Sale Deed Mutatic;.n Entry I

and registration No.No.

Previous ownerSurvey No./Hissa No.(piotNo. as

per ..;.Guntbewari

Act86/1/212

86/1/213

8 /1/2 0 43.6614

m) In pursuance of the aforesaid Agreements, .by executing vari0tls, Deedsof Conveyance, the aforesaid previous owners' sold, .conveyed' andtransferred their respective lands to Mr. Sanjay RamcharidraKtilkarniand 13 others, which Deeds.of Conveyance.wer~registered in tpe officeof Sub-Registrar,' Mulshi {Paud),District Puneas stated below and thenames of said Mr.: S, R. Kulkarni and 13 other are entered on .therevenue records of the aforesaid lands as the Purchasers and Ownersthereof as follows:

1) By diverse Receipt Cum Possession Letters dated 7/12/2005, theaforesaid. owners have handed over the peaceful andvncant possessionof their respective Uindsto Mr. Sanjay RamchandtaKulkarni and 13others.

a) The land bearing Survey No. 102/1 adJ}l.i<OHectro-e81 Ares waspreviously owned .byMr.. Pandharwath .. Bhiva' .' Ingawale, '.Mr. Padmakar .BhivaIngawaleand Mr. Tll~aram BhlvaIngawale and 'their names were entered on the revenue t~icdrd()f StirveyNb. 102/1 'vide Mutation Entry,No: 3208.

b) By a Sale Deed dated 14/12/1990, Mr. Pa4tV:~ar BhivaIngawale soldland adm. 0 Hectare 27 Ares out of the Suryey No. lO~/1to Smt. Sudha

. I. i"'" .

Vijay Bhinde and Mr. Vijay Purushottam Bh~de, which Sale Deed has.been duly registered in the office of Sub-R~gistrar,Maval at Sr. No.5089/1990 and accordingly their!names were mutated on the revenuerecord of the said Survey No. 102/1 vide Mutation Entry No. 3454. Thearea adm. 0 Hectare 27 Ares was allotted wit,h new Survey No. 102/1/2 •..and the area remaining with the aforesaid.o~ners,a~m. 0 Hectare 54

B) History of title in respect of said I-B land:

10

Continuation Sheeti.!

ADVOCATE

Ares was allotted with new Survey No.. 102/1/1. However Sale Deeddated 14/12/1990 is not available for my perusal.

c) By a Sale Deed dated 15/6/1992, Mr. Pandharinath Bhivaji' Ingawale,Mr. Padmakar Bhivaji Ingawale, Smt. Tarabai Tukaram Ingawale, Mr.Vilas Tukaram Ingawale, Mr. Shivaji Tukaram Ingawale, Mrs. JanabaiShivaji Ingawale, Mr. Vinayak TukaramIngawale, Mr. Suresh VinayakIngawale, Mr. Hemant Tukaram •.Ingawale,Mrs .. Sunita HemantIngawale, Smt.Kundabai Maruti Satpute, Smt. Nandabai EknathBalwadkar, Smt. Jayashri Subhash Valhekar and Smt. 'ChandabaiYenpure sold the land adm. 0 Hectare 40 Ares out of the Survey No.102/1/1 to Mr. SatishPuri and Mrs. Anita Puri, which Sale Deed hasbeen duly registered in the office Df Sub-Registrar, Mulshi at Sr. No..2624/1992 and. accordingly their ..names were. mutated on'th.e revenuerecord of the said Survey No.. 102/111vide Mutation Entry Nq. 3492 andas per the said Mutation Entry No. 3492 thesaidareaiadm. 0 Hectare 40Ares Was allotted with new Survey No. 102/1/3, but inadvertently thenames of Mr.:and Mrs. Puri aIJpeared to have beenente~ed on the

•.. Survey Nol02/1/1 for the area adm. 0 Hectare 40 Ares. Ho~everSaleDeed dated 14/12/1990 isnDtavalIable for my perusal. . . .

d) ~ereaftjerbYi~ Sale Deed dated115/3/l993;,Mr.SatishPur~ and Mrs.Anita Puri, sold the landadm.O' Hectare 40 Ares. bearing ~urvey No..102/1/1 (Survey No. 102/1/3 as per Mutation entry No. 3492) to Mr.Kashyap C. Shah, Mr ..Bharat G.>~hahand Mr. KamaleshC S~ah, whichSale D~ed has been; duly registered in the office •of Sub~Registr~,Mulshi (Paud) at Sr. No. 619/199:3 and theiirtames were entered on therevenue, record. "ide MutatiDn lpntry No. 3663. i have perused thecertified copy 9fthe Sale Deed dated 15/3/1993.

e) Bya Cop-ectiqnDeed:dated 30/9(1993theplirties thereto covected theamount of agreed, consideration, ",ritten in the aforesiiidSaleI?eed dated15/3/1993, wh~chCDrrection Dee4.hasbeenduly registered in!the officeof Sub-Registrar, Mulshi(Paud) at Sr. No. 2531/1993. I hayeperusedthe certified .copy of the CorrectiOI\lDeed dated 30/9/1993.

t) By a Sale Deed dated 21/2/2006, Mr. Kashyap Shah; Mr. iBharat C.Shah and Mr. Kamalesh C Shah, Sold, conveyed and transferr~d the saidproperty to Mr. Prakash Arun>~pte, which Sale Deedco~ld 'not beregistered at the relevant time andithereafter it was impoundedl Uls. 33 ofthe Mumbai Stamp Act, 1958 by the Colle,ctorofStamps, PuRe (Rural)on 30/5/2007and a Deed of ~~nfinnation dated 22/840~; annexed

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with the aforesaid Sale Deed as Annexure A has been duly registered inthe office of Sub-Registrar, Mulshi (Paud) at Sr. No. 5800/2007 on theeven date. The name of Mr. Prakash Afun Apte is entered on therevenue record ofthesilid 1-B land by Mutation Entry No 6089. I haveseen the original Deed of Confinnation annexed with Sale Deed asaforesaid.

g) Thus Mr. Prakash Arun Apte became the absolute owner o(the saidproperty i.e. land adm. 0 Hectare 40 Ares bearing Survey No. 102/1/1(SurveyNo. 102/1/3 as perMutation entry No. 3492).

C) History of title in respect of said I-C lands:

a) The SurV,~yNo. 101, adm. 3 Hectare 43 Ares" assessed at RsA.50 Ps.was previously owned by Mr. Natendra aliaS,Nathu Dattu Ingawale, Mr.Dagadu Khapdu Ingaw~le, Mr.' Arun Kh~du Ingawale, Mr. Manik'Khandu Ingawale, Smt. SitabaiKhandu Ingawale, Mr..Ajit Shashikant

I. ,I,' '.. '.Ingawale, Mr. Atul Shashikantilngawale, jKumManisha ShashikantIngawale: Smt. Bayadabai' Shashikantlnga~ale,. Mr.Suresh. Vasantrao'

, .' 1'.' '.' ...•.... '. '. 'Ingawale, Mr. VilasVasantrad Ingawalei1Si11t.'Surekha Vasantrao,Ingwale,' Smt. Sindhubai Vasan~rao"Ingaw~le;....Smt.Tarabai .RajaramIngawale, Mrs. Madhuri ,Ashok Barate,Mrs; .Lata Ramesh LonkarandMrs. Usha Shankarrao Kalgude. ..;,

b) By a registered Sale Deed dated 9/6119;89,Mr. Dagadu Khandu'Ingawale, Mrs. Mangala Dagadu Ingawale,Mr. Arun Khandu Ingawale,

" I, . .Mrs. Sangeeta Arun Ing~wale, Mr. Manik IKhandulngawale' and Smt. 'Sitabai Khandu Ingawale:from the aforesaidlownerssold, conveyed and ,transferred the area adm. 1Hectare 71.5 Ardouf of the said Survey No. •

i ..j ..'101, to Miss Punita Jaisinghrao Desaiandh~r name Was entered on the:revenue record oftheSun'ey No.itO! by Mtltation ErltryNo. 3403. The!copy of Sale Deed dated 9/6/1~89 is not Iavailable for my perusal. 'However I have seen the photocopy of Index~n thereof.

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c) The Survey No. 102/3, adm. 0 Hectare 88 Ares, assessedat Rs.0.94Ps.was previously owned by Mr. RavvajiKhand~ Ingawale,whoexpired on19/8/1959 and the name of his Qnlylegal h~ir widow, Smt.Bhimabai 'Rawaji Ingawale was entered onithe revenuerecord'ofthe"saidSurveyNo. 102/3vide Mutation Entry Nd. 1357. !

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ADVOCATE

d) Smt. Bhimabai Rawaji Ingawale died instestate on 14/9/1964 andhernephews Mr. AbujiNamdeo Ingawale,Mr. Pandharinath BhiwajiIngawale,.Mr. Tukaram Bhiwaji Ingawale became the owners of thesaid Survey No. 10213 and the' name of Mr. Pandharinath BhiwajiIngawale Was entered as the Manager of Hindu Undivided Family onthe revenue record of said survey No. 102/3 vide Mutation Entry No.1660.

e) Thereafter Mr. Abuji Namdeo Ingawale died intestate on 6/1111973leaving behind him his legal heirs two sons,-Mr. Ramchandra AbujiIngawale, Mr. Genubhau Abuji Ingawale and two lt1ah'ied daughters,Mrs. Shantabai Narayan Kawade .and Mrs. Parubai Namde6 K1lmbreand their names were entered on the revenue record of said surveyNo.102/3 vide Mutation EntryNo. 1897..

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f) By a Sale Deeddated15/6/1989~Mr. Ramchandra;Abuji Ingawale ~sthe Maqagerof his Hindu Undivided Family" and Mrs. ShantabaiNarayan!Kawade and Mrs. ParubJi Namdeo Kumbre,'has sold the area

•...adm. 0 Hectare 44 Ares out of Survey NO.I02/3 to M~ss Pun~taJaisinglu;ao De$ai, w.qich Sale Qeed has .been dulyregiste~ed in theoffipe o~~i~b-~egistJ;ar,M~val :atl;S~.No.Pr ..S65/19;89andta~cordinglyher 'mun~>was::mutated 'on' therejyenue record of:fhe said;S\U'VeyNo.

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102/3 vide Mut~tion Entry NO.J,452 andtheareaadm; o Hectare 44Ares, assess~d:atRs.0.~7 Ps. w~s~llottedwith new SurveyNq, 102/312.The Sale,Deed dated Ip16/1989js hot availablefor tnyperusaV .

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g) Thus MissPunita Jaisinghrao De&aihecamethe absoluteow~er of landadm. I Hectare 71.5.Ares out of Survey..No. 10111and larld adm.,0Hectare 44 Ar~s beariqg Survey~o. 102/3/g.By aregistered~ale Deeddated 18/!f(1 ?,89,saigMiss PMita] aisingmao Desai sold,.1conveyedand tr~sferr~d,the.la~d adm, IH~ctare :18'Atesout ofherai;ea adm. 1Hectare 7L51).resout of the said SurveyNo. 10111,and l~d adm. 0

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Hectar.e44f\r~shearing SurveyNo. 102/3/2to Smt. Gauri Ennamadi,Mr., Har~h Kohli, Smt..Jean Dtir~nte andMr.KonathParameshwaranSaIUlamaHwhich Sale Deed haslbeen dulyregiste~ed inth~ office ofJoint Distrcit Registrar, Punelat Sr. No.' Printed 717/1989 and. accordingly their namys were e~t~redon.the revenu~.record(~fthe saidSurvey No. 10111andithe SllrveylNo.102/p/2 vide Mutation!EntryNo.3455. Certified copy of Sale D~ed dated 18/12/1989 is availalple'formyperusal. ' .n ~

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Name of the Purchaser Area in Survey Area in SurveyNo. 10111 No. 102/3/2H Ares H AresSmt. Gauri Ennamadi 0 '33 0 08Mr. Harsh Kohli 0 32.5 ,

0 08 "Smt..Jean Durante 0 32.5. ,

0 '08,

iMr. Konath Paratneshwaran 0 ~. 20 > 0 20Sannamali-'- ,Total 1 : 18 0 44,

i) Thus Smt. Gauri Ennamadibecame the absolute owner of the land adm.o Hectare 33 Ares out of the said Survey No.101l1and land adrn.OHectare 08 Ares out of Survey No. 102/3/2jcollectivelyrefdniedto asthe said ,1;,Cland.

j) That said Smt. GaUriEnnamad\ Msgtapt~;deyel?PllJel1t tigJIts inrespect the said l-C: lands' and' handed()verpp~~essiori. thereof to land, infavour of pancharatnaTownshipPrivateliiihited,acompaPYc 'duI'yregist~red andincorporated.tinder theComp~iesAct~19S6,purs~~t tothe registered Developmertt; Agreement' read~ithregiste~ed Irr~vpc'able

' ._, - : - ,', -" - ,: ,'. '. - - - 1,,_ ".,- - ,.' :,," .1,:,.:-',':':< . _'-:, t. : 1 iGeneral Power of Attotney~ both i dated 17/Q1I2007dt.dy: registered inthe office of Sub Registrar, Mulshi (PaUd),P~e, atSr.No. 2517/2007and 2518/2007 respectively. 'I', i' ; ,

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k) Said Smt. Gauri Ennan.'adiand p~Charatna'tO~hiP1Pri\iatCPmit~dhave executed ,and regIstered a Dyed of Co~ectIon 'dated 6/9/2007, Inrespect of the aforesaid Development Agreement, whereby the rSuiveynumber fOf' one of the land out of the saidl'l ..C land 'is corrected 'asSurvey' No:! 02/3/2, which, was inadvertenH~ written: as ' 102/112. Thesaid Deed of Correction has been duly' regi~t~r~d in tq~office ()f Sub-Registrar, Mulshi (Paud) at Sr, No. 6957/2~07. It is seen 'fr~rh theaforesaid Development Agreements that sai~PancharatnaTownshipPvt. Ltd. has paid the entire amount of agr~ed .c()ns~derati()n.to thepresent owners of the lands out ofthe said 1-C lands. ' ,

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h) Aforesaid purchasers were, having their undivided shares in theaforesaid purchased areas adm. 1 Hectare 18 Ares out of Survey No.10111and 0 Hectar~ 44 Ares bearing Survey No. 102/3/2, as follows:

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Continuation Sheet ~",~~~.ADVOCATE

1)The name of the present owners of the respective lands out of the said 1-,C lands have been duly entered upon the revenue record Le. 7/12 recordon the b~is of.therespective Sale Deeds ex;ecutedbythepreviousowners in, favour of the present owners. '

6. Maharashtra . Gunthewari Act and Urban Land (Ceiling andRegu~ation) Act:

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Matrix Developers Pvt. :Ltd. is a eornpanyregistered and inqorporatedunder the Companies Act, 1956, haviJ)g its registered office at 30; YashodaKala Nagar,Bandra (East)~ Mumbai 400 OSlaiid Mr. Shrikant P.Paranjapeis one of the Directors of the said cOn1pany.The said company haSi-acquiredthe development rights in respect of'thb said lands as follows:

£.

The said lands are situated at village Bhugaon, Taluka MUlshi, Dis~ict Punewithin the jurisdiction of Zilla ParishadPune,Panchayat Samite~, TaltikaMulshi, DistrictPune.The Regional Plan for Pune iDistricthas beensaIlctioned, w.e.f. JO/02/1998 and the village Bhugaonis covered :under thesaid Regional Plan. ,On perusal of various Zone Certificates issued byAssistant Director, Town Planning, P:llneDivision Pune lssued in the' year2006-2007 it is observed that, the zoning of thesaidJands is Agriculturaland no. develoPlllent as per the dforesaid sanctiorted Regiohal Plan.However, all the lands outofthesaid;lands have been regularisediunder theprovisions of Maharashtra Gunthew~rr(Regularization, iUpgrad~tion '~dControl) Act, 2001 (hereihafter referred'to as 'the "Gunthewari:Act") bythe Collector, Revenue Btanch,Puneby theaforesaid;Prelitnirtaty orderdated 16/02/f006~dfinalor~er date~28/06/2006.:The IdFmarcat~onof thesaid lands is ralsoc,arrieq:oht byTIL~MulshLPune as per the provisions ofthe GtintheWari Aet"nndaHayout in respect of the said labds has !ialsobeen

• sanctioned "by ,the:'Collector, Revenue Branch, 'PUne viffe aforesaid Orderdated 09/10/2006,'Conseq~ently, a~per the provisions of sectiorlS of theGunthewari Act, the said l'ands shall ~e deemed to, have been exe~ptedUls20 of the Urban Land (Ceiling and R~gulation) Act, 1976 and converted tonon-agricultural use for all the purPoses of Maharashtra Landi RevenueCode, 1966 subject to payment of non-agricultural assessmente~c. As p~rthe order dated 28/6/2006 passedby~he Collector, Revenue Brartch, Punebearing pMAlNA/SR/13 q200S, it is Seen that all the required al110untsofdevelopment charges, N.A. assessment, Zilla Parishad tax~s, GrainPanchayat taxes, etc. in respect of the said lands have been paid.

7. Development rights and entitlements of Matrix Develo~ers Pvt.Ltd. i.e. Promoterl Developer

8. Litigations :

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B) That by Development Agree111entand GenerahPower of Attorney bothdated 29/0812007 the present owner of the, said l;..B:land with theconsent and confirmation of said Panch,aratnaTownship Bvt., Lt& 'entrusted the development rights of the s;aid l-B ihInd with!Matri~Developers Pvt. Ltd., subject to.the terms~dconditions stated thereiil~The said Development Agreement andtpesaidGeneral Power'ofAttorney are puly registered ,~ the officeqf the Sub-Registrar, Mulsht(Paud) on 07/09/2007 at Sr.No. 6237/20074rtd623812007 respectively;

C) That by De~.eloptn,entA~~em~* an~ GenqraLPowerof Atto~ey both 'dated 1JJIO/~007,i thepr~s~nt:Qwner Of,t~~.said l-C,lands ",ith th~consent and,conflnnaticw.of i ~aid Pan9!I~at1la.TownshiPi'~Yt. Ltd;!entrusted the,'developIIlt~nt.'Jig!lt~,of ".the~~~~(;1-Crhinds:with iMatrix!Developers Pvt. Ltd., :subJec~.to . the! t~nnsand condition$stated!therein. The ,s,aid'Developmenti\greement Wtd"the,saidGeneral'.•Poweriof Attorney are duly registered in!theoffice~ftheSub~Registrar;j Mulshi!(Paud) o~ 26/10/2007 at Sr. No. 7328/200t*d}329/2007respectively. !

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A) That by .Development Agreement and General Power of Attorney bothdated 29/08/2007 the ,present owners of the said"l-A land, 'entrustedthe development rights of the said I-Aland with Matrix DevelopersPvt. Ltd., subject to the terms and conditions stated therein. The saidDevelopment Agreement and the said General Power of Attorney areduly registered in the office of the Sub-Registrar, "Mulshi (Palldfon07/09/2007 at Sr. No. 6239/2007 and 6240/2007 respectively.

~From the enquiry and investigation of title, Ir did not come across any,

,,,,,pendinglitigation in respect,ofthe sa~dlands.:' "",'''':,~y , ')

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9. Encumbrances and charges : j

i!From the perusal of various documents and thejsearch carried out by us in

respect of the said lands, I did not cqme acrossjmy encumbrance or charge,upon the said lands. :

10. Custody of title deeds and important documeqts :1,

All the available original title deeds and lor !certifiedcopies thereof inrespect of the said lands are' hand~d over by~ancharatna' Township.Pvt. <6'

Ltd., and S. R. Kulkarni & 14otheistoMatri~Developers 'Pvt. Ltd. andnow, all such documents are in the custody of M~trixDevelopers Pvt. Ltd.

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ADVOCATE

11.Public notice :

For investigation of title, I had issued public notices in daily news-paper"Sakal" on 18/06/2007 in respect of the said I-A land, said 1~B land andsaid l-e lands, for inviting objections from public at large if anybodyhaving any right, title and interest or claim therein. However, tilldate Ihavenot received any objection in response to the said public' notices from anyperson, claiming any right, title and interest of whatsoever nature in the saidlands.

12. Title Opinion

In view of the above, I am of the opinion that the title of the present ownersas aforesaid to their respective lands. out. of the said lands is.clean, •clear andmarketable and free. from all encumbrances and charges and in pur~uance ofthe registered Development Agreements and General Power of Attorneysstated in para NO.6 above, Matrix D;evelopersPvt. Ltd. has acquired thedet'elopment rights in respect of the: said lands forconsiderati~n and isentitled to commence, carry out and complete the scheme of development. and construction thereon subject to ~btaining. all the required clearances,permissions and sanctions for the sam~and to enter into agreements for saleof unitsl premises in such scheme ~iihi the intending purchasetls and to

, receive the sale and other proceed~ tl}ereof. Hence I have issued 'this Titleand Search Report on this 04th day ?l1':'lovember 2007 at Pune.

~~I"l'Jffit .A. KulkatniAdvocate

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