THIS DEED OF LEASE is made at Pune this______day of

________2007.

1
 BETWEEN

M/s. Jewel Developers, a Partnership Firm having its office

at 208 San Mahu Complex 5, Bund Garden Road Pune 411
001 hereinafter referred to as "LESSORS" (which
expression shall unless repugnant to the context or
meaning thereof be deem to mean and include the present
partners, survivor or survivors of them and their heirs,
executors, administrators, successors and assigns) .

.. OF THE ONE PART

AND

Mr/Ms/M/s_____________________________________________
_________________Indian inhabitants having addressed
at___________________________________________________
________________________________ hereinafter referred to
as the "LESSEES" (which expression unless repugnant to the
context or meaning thereof shall in case of individuals mean and
include his / her / their heirs, executors, administrators and
permitted assigns and in case of corporate body includes its
successors and permitted assigns )
.. OF THE OTHER PART

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WHEREAS
a. The Lessors are the Owners of land and otherwise
well and sufficient entitled to immovable property at
CTS No.15/A, 7/15, 8/15 & 9/15,S.No. 479 & 480 A/1
Sub-Plot No.B situated at Koregaon Park Pune – 411
001. within the limits of Pune Municipal Corporation,
District Pune The same having been acquired by way
of diverse agreements and hereinafter referred to as
the "said property" and more particularly described in
the FIRST SCHEDULE hereunder written.

b. The Lessors have good marketable right, title and

interest and are the lawful holders of the said Property
and they have full right, absolute power and authority
to deal with the said property on lease to Lessees.
The Lessees, prior to execution of this Agreement
satisfied themselves about the title of the Lessors to
the said property. The title certificates issued by Mr
Chandan Parwani, Advocate in respect of the said
property are annexed hereto and marked as
Annexure A.

c. The Lessors have promoted and built/are building a

Commercial Complex named and styled as JEWEL
SQUARE on the said Property, the said Buiiding ,
comprising of 2 Basements , Lower ground, ground
Plus three storeys consisting of shops ,showrooms
and offices and units therein ( hereinafter referred to as

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 the said Complex) as per the plans, requisite
permissions, sanctions and approvals from the Pune
Municipal Corporation.

d. The said complex has several units of diverse areas and

dimensions (which are permitted to be used only for non
residential purposes / commercial user) on each floor of
the said Commercial Complex.

e. The Lessors intend to let out/give on leave and license

basis and or otherwise howsoever deal with and dispose
off the said units on long term lease to prospective
person/s, business houses and establishments .

f. At the request of the Lessees the Lessors have agreed to

lease to the Lessees Unit No._____ on the _________
Floor of the said Complex admeasuring _______ Sq.Mtrs.
of carpet area (hereinafter referred to as the said unit /
premises) for a term of 999 (nine hundred ninety nine
years) commencing from the date of possession of the said
unit and shown for reference outlined in red shaded color
on the floor layout plan annexed hereto and marked
Annexure B (hereinafter referred to as the said Unit / the
said Premises) alongwith the amenities Specified in
Annexure C hereto annexed in consideration of the one
time PREMIUM of Rs.______________/-
(Rupees________________________________________
___________________ Only) paid by the Lessees to the
Lessors on the execution hereof / to be paid in

4
 installments as provided herein after and at the yearly
lease rent of Rs__________ hereby reserved and paid in
full in advance for the entire term, and on the terms
conditions and covenants on the part of the Lessees
herein contained and to be observed and performed by the
Lessees.

g. The said unit is free from all encumbrances whatsoever

and the Lessors have not entered into any agreement or
arrangement with any other person/persons for providing
rights, use and occupation of the said unit to which the
Lessees are entitled to under this Deed.

h. The Lessors have informed the Lessees and the

Lessees are aware that the Lessees will be given lease
only in respect of the said unit/ the said premises for the
period as herein contained together with the right to use
the lifts, staircase landings, staircase and the lobby
leading to the said unit only for the purpose of having
access to the said unit and the said staircase, lift ,lobby
and the lobby entrance leading to the said unit shall be
used in common with the Lessees / Occupants of the
other units in the said Commercial Complex as also by
visitors to the units comprised in the said Commercial
Complex and the Lessees have accordingly agreed not
to make any claim in respect of any portion of the said
Commercial Complex except that of as a Lessees in
respect of the said unit/premises.

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 i. The Lessors are and will always be at full liberty to grant
lease /sell/ give on leave and license basis or otherwise
howsoever deal with and dispose of units / premises in
the said Commercial Complex for such term as the
Lessors may in their absolute discretion determine to
other parties but the use of all the units/premises in
the said Commercial Complex may be only for non
residential / commercial purposes i.e. as office
premises /shop /showrooms and/or any other use as
shall be specified in the relevant Deed of the
concerned unit in the said Commercial Complex and
for no other purpose whatsoever.

NOW THIS DEED WITNESSETH AND IT IS HEREBY

AGREED, DECLARED, RECORDED AND CONFIRMED
BY AND BETWEEN THE PARTIES HERETO AS
FOLLOWS :

1. In pursuance of the said agreement and in consideration of

the one time PREMIUM of Rs_________
(Rupees_________________________________________
__________________only) paid by the Lessees to the
Lessors on the execution here of / to be paid in installments
as mentioned hereunder and the lease rent as provided
hereinafter, the Lessors hereby demise unto the Lessees the
said unit / premises bearing Unit No_______ admeasuring
_____Sq ft. ( ________Sq mtrs), on the _______Floor of the
said Commercial Complex JEWEL SQUARE which the said

6
 unit is more particularly described in the SECOND
SCHEDULE hereunder written and earmarked in red shaded
color on the Floor Layout Plan annexed hereto and marked
as Annexure B (herein after referred to as the said demised
units) on perpetual lease of 999 (nine hundred ninety nine
years) commencing from the date of possession of the said
unit and more particularly described in the SECOND
SCHEDULE hereunder and earmarked on the annexed plan,
together with the rights, easements and appurtenances and
fixtures there of TO HOLD the said unit / premises unto and
to the use of the Lessees, subject to the due performance,
compliance and observance by the Lessees of all terms,
conditions, stipulations contained herein, and as may from
time to time be prescribed by the LESSORS for the proper
governance and administration of the said Complex which
the LESSORS are entitled to frame from time to time and
also to modify, alter and / or amend the same as it may in
their absolute discretion determine.

2. PREMIUM
a. The Lessees have paid to the licensors / agreed to
pay to the Lessors a sum of Rs. _____________/-
(Rupees___________) being non refundable one time
PREMIUM for the grant of the Lease in respect of
the said unit and for the due observance and
performance of all the terms and conditions
contained in this Deed by the Lessees and the
same shall be payable as under :

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 i) Rs.____________ Towards Earnest Money paid
on or before execution hereof
ii) Rs.____________on or before slab over
Basement 1
iii) Rs.____________on or before slab over
Basement 2
iv) Rs.____________on or before slab over Lower
Gr floor
v) Rs.____________on or before slab over Ground
Floor
vi) Rs.____________on or before slab over First
Floor
vii) Rs.____________on or before slab over Second
Floor
viii) Rs.____________on or before slab over Third
Floor.
ix) Rs.____________on or before walling
x) Rs.____________on or before external plaster
xi) Rs.____________on or before glass façade
xii) Rs.____________on or before possession

b. In case of delay in payment of premium, either in full

or in part on or before the due date the unpaid
amount shall bear and carry interest @ 18% per
anum until payment to or realisation thereof by the
Lessors

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3. PERIOD OF LEASE AND LEASE RENT.

The Lessors have agreed to grant to the Lessees and

Lessees have agreed to take on lease the said premises/unit
for a period of 999 years in said Commercial Complex to be
constructed by the Lessors entirely at their own costs and
risks and upon the terms and conditions contained herein on
a yearly lease rent of Rs _______
(Rupees________________only) commencing from the date
of completion of the said unit. The Lessees in addition to the
one time premium mentioned herein above have accordingly
paid to the Lessors in advance a sum of Rs_______
(Rupees___________________________________only) as
lease rent in full for the entire period of the lease. On expiry
of the said lease period of 999 years the same may be
renewed by the Lessors for a further period on the agreed
terms and conditions.

4. All applicable costs, taxes, duties, cess, charges, deposits

and expenses including but not limited to property tax and
service tax etc as mentioned herein after shall be borne
by the Lessees alone .

5 a. It is hereby recorded and confirmed that on the

Lessees committing a default in payment on the due
date of any amount due and payble by the Lessees to
the Lessors under this Agreement, including their
proportionate share of taxes leived by the concerned
local authority and other outgoings, and on the
Lessees committing any breach of terms and

9
 conditions herein contained, the Lessors shall be
entitled at their own option to terminate this Agreement.

b. Provided always that the power of termination

hereinabove contained shall not be exercised by the
Lessors unless and until the Lessors shall have given
to the Lessees 30 days prior notice in writing of their
intention to terminate this Agreement for the specific
breach or breaches of terms and conditions in respect
of which the lessors intend to terminate the Agreement
and the default shall have been made by the Lessees
in remedying such breach within a reasonable time
after giving such notice.

c. It is however agreed that upon the termination of this

Agreement, the lessors shall refund to the Lessees the
amount of installments which have been paid by the
Lessees to the Lessors but the Lessors shall not be
liable to pay the Lessees any interest on the amount so
refunded and Lessors shall be at the liberty to dispose
of the said unit to any third person and at such price
and on such terms and conditions as they may deem fit
in their sole discretion.
6. The Lessees shall on or before taking over the possession of
the said premises, in addition to the payments stipulated
herein above shall also pay to the Lessors the following
deposits / charges :-

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 a) A sum of Rs____________/-
( Rupees ___________________________only) towards
legal charges, MSEB meter deposit ,service line
charges( SLC) and transformer /substation charges.
b) A sum of Rs___________/-
(Rupees___________________________only) for
maintenance security Deposit.
c) A sum of Rs____________/-
(Rupees___________________________only) towards pro-
rata share of Central Air conditioning Plant .
d) A sum of Rs __________/-
(Rupees___________________________only) per KVA for
the generator back-up for shop and common areas.

In case there is deficit /shortfall in the above mentioned

amounts the Lessees shall on demand pay to the Lessors
their proportionate share to make up such deficit or shortfall
as determined by the Lessors and the Lessees shall not
object to the such determination .

7. The Lessees hereby covenant with the Lessors as follows :

i) That the Lessees have acquainted and satisfied

themselves with the title of the Lessors to the said
Property, and their rights and authority to demise the
said premises in the manner herein contained and they
the Lessees at any time hereafter shall not be entitled
to further investigate or dispute the title of the Lessors.

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ii) The Lessees shall observe perform and comply with
all covenants, conditions and stipulations hereunder
and rules and regulations as may be framed/prescribed
from time to time by the Lessors for the proper
governance, maintenance and administration of the
said Complex and shall not do or omit to do any act,
deed, matter or thing which is or may be contrary to or
inconsistent with these presents or whereby the rights
of the Lessors in respect of the said property and the
said complex as the Owners / Lessors thereof are in
any way prejudiced or adversely affected.

iii) The Lessees either severally or in conjunction with

other unit holders / occupiers shall not under any
circumstances at any time change /alter or modify the
name of the complex “JEWEL SQUARE” and shall
also keep all sides of the Complex in which the
premises/units is situated in the same position only and
shall also not change the elevation in any manner
without the consent of the Lessors. If the Lessees
desire to put any grills or windows or air conditioners
which would effect the exterior elevation of the building
or its ambience, the same shall be put in such places
as may be permitted by the Lessors and in
accordance with the design supplied by the Lessors.

iv) The Lessees agree not to damage or cause to be

damaged and/or demolish or cause to be demolished

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 any column and/or beam and/or floor in the said
Complex and/or in the said demised premises or any
part thereof nor at any time make or cause to be made
any structural changes of whatever nature in or to the
said Complex and/or the said demised premises or
any part thereof, nor carry out any alteration in the
elevation and outside colour scheme of the said
Complex and shall keep the portion, pipes and other
service lines in the said demised premises in good
tenantable repair and condition and in particular so as
to support shelter and protect the other parts of the
said Complex and shall not chisel or in any other
manner damage the columns, beams, slabs, or RCC
pardis or other structural members of the said Complex
including those located in the said demised premises.
The R. C. C. slabs have been cast using the POST
TENSIONING technology wherein cables/tendons are
inserted within the concrete. The position of such
cables/tendons is clearly marked in red on the bottom
of the slab, it is imperative that at no time such
markings are tempered with or damaged and no drilling
or chiseling is to be done for any purpose whatsoever
on the red line marking at the bottom of the slab as the
same is likely to weaken the structure.

v) The Lessees shall observe and perform all the rules

and regulations which the Lessors may prescribe/
frame from time to time and the additions, alterations or
amendments thereof made from time to time for

13
 protection, maintenance and upkeep of the said
Complex and the said demised premises and for the
observance and performance of the Building rules,
regulations and bye-laws for the time being in force of
the Municipal Corporation and/or concerned local
authority and/or Government and other public bodies.
The Lessees shall also observe and perform all the
stipulations and conditions laid down by the Lessors
regarding the occupation and use of the said demised
premises and shall pay and contribute regularly and
punctually towards the taxes, expenses or other
outgoings etc in accordance with the terms of this
Deed.

vi) The Lessees shall not do or permit anything to be

done in the said premises which is likely to be a
nuisance or annoyance to the other neighbours or
which can cause any damage to the said premises or
any part thereof.

vii) That Lessees shall not do any act, deed, matter or

thing or suffer or permit any act, deed, matter or thing
whatsoever to be done which will in any manner
jeopardize and/or adversely and/or prejudicially affect
the right title and interest of the Lessors into or upon
the said property and/or any part thereof and/or in the
said Complex and/or any part thereof.

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8. The Lessees for themselves and or their successors-in-title,
administrators and permitted assigns oblige themselves and
undertake and agree at their entire cost and expense to :

i) Maintain the said premises in wind and water tight

condition and take all preventive and curative steps to
effect all repairs thereto including prevention of any
leakage and also carry out general pest control and
termite treatment to the said premises.

ii) To carry out all internal repairs to the said premises

including those to the walls, roof, floor, drains and sewers
and appurtenances thereto upon being so required by the
Lessors or otherwise as and when necessary.

iii) The Lessees shall also pay all existing and future
Municipal Taxes, service taxes, levies, assessments and
other outgoings as applicable and payable in respect of the
said premises including future levies if any whatsoever
levied by any authority under any rule regulation or
amendment and shall also comply with all rules and
regulations of the concerned authorities and all other
applicable laws for use of the said premises/units.

iv)The Lessees shall be entitled to bring in and install at

their own cost and expense office equipment, furniture,
telephone, telefaxes, telegraphic and teleprinter connection
to the said premises subject to the rules and regulations of
the authority and authorities concerned. The Lessees

15
shall in common with the other unit holders be liable to pay
pro-rata charges to maintain the central air-conditioning
units installed by the Lessor and the Generator for the
power back-up for unit and common areas and Air
Conditioning and annual maintenance charges (AMC)
which shall be as per actuals . The costs shall include the
electricity costs ,maintenance and repair costs and all other
costs and outgoings ( including AMC ) .The bill for the same
shall be generated on a monthly basis by the Lessors or by
the Agency appointed by the Lessors for management of the
Complex .

It is further clarified that :

a) The billing of the central air conditioning system
would be divided among all the occupants based on
the area occupied by each occupant of the unit . The
running cost for air conditioning of the common areas
would also be divided in the same way i.e on the basis
of area of the unit occupied .

b) The operation and maintenance of the centralized

chilled water plant would be carried out through the
central corpus for maintenance, or a separate corpus
would be created for the same , based on the area
occupied by every occupant . Such charges would be
included in the monthly air conditioning bill.

c) The Monthly bill would also carry the charges for

make up water required for the air conditioning plant

16
 and the basement ventilation fans . The distribution of
such charges would also be on the area occupied by
each occupant.

v) The Lessees shall at their own costs and risks be

entitled to carry out all renovation and interior work in the
said premises but shall not carry out any structural
alterations without the prior written consent of the Lessors.
However, such consent shall not be unreasonably
withheld by the Lessors.

vi) The Lessees shall also at their own cost and charges be
at liberty to paint the said premises internally and also to
install in the said premises electric appliances, other
fittings and fixtures including shelves or partitions of a
non-permanent and non-structural nature, water, telephone,
electric, sanitary, communication and other
equipments, cables, fixtures, fittings, lights, fans and such
conveniences reasonably required by it for or in connection
with the proper and full use, occupation and enjoyment of
the said premises for commercial purposes. The Lessees
shall be entitled at any time during the continuation of the
lease and upon its expiry or earlier revocation or
termination to remove at its cost and expense all or any of
the foregoing without causing any damage to the leased
premises. If any permission / approval from the Pune
Municipal Corporation or any other Govt. Body or Authority
is required for the changes/use in the said premises by the
Lessees, it shall be duty of the Lessees at their own cost

17
and expense to obtain the same and the Lessors shall
extend all possible assistance in that respect.

vii) An all risk comprehensive insurance policy in respect of

the said complex against fire, riots, civil commotions,
attacks, war risks, terrorist attack, acts of God, third party
risks for an amount equivalent to the cost of reconstruction
of the said Complex shall be taken in the name of the
Lessors, The Lessors shall decide the amount for which the
Complex should be insured and the proportionate amount in
respect of premium of such insurance to be paid by the
Lessees. The Lessees agree and undertake to contribute
and pay such proportionate premium for such insurance in
respect of the said Complex without disputing the same. It is
expressly agreed that in the event the building becomes
inhabitable and has to be demolished or if the building is
destroyed by any act of God , natural causes including
earthquake, flood , or tempest , fire . riots , terrorist activities
or any external agency , then in such event the building will
be reconstructed in accordance with the laws prevailing
at time of such occurance, and the lessee will be restored
possession of premises measuring in carpet area equal to or
proportionately lesser than the area of the present premises
as the case may be in the reconstructed building. The cost
for such restoration / reconstruction will be proportionately
paid by the Lessees.

viii) The lessees shall not do or suffer to be done in or

around or upon the said demised premises any act or

18
omission, whereby the insurance as taken in respect of the
said Complex may be rendered void or voidable or whereby
the premium payable in respect thereof may be increased.

ix) The Lessees shall pay all charges for water , and
electricity consumed by the Lessees in the leased premises
and the Lessees shall also pay the Municipal Tax, rates,
levies, assessments and other outgoings including service
tax and monthly maintenance charges @ Rs _______/- p.m
( which shall be revised at the sole discretion of the Lessors
from time to time ) for the said premises from the date of
receiving the possession thereof and shall indemnify and
keep indemnified the Lessors against non-payment of the
same. The electricity , maintenance bill and the Municipal
Taxes of the leased premises shall be directly paid by the
Lessees. All delay in the payment on/before due date by the
lessee shall render the lessee liable to pay interest @ 18%
p.a. for delayed period. This shall be without prejudice to the
other rights and remedies vested unto the lessors for such
breach on the part of the lessees.
x) The Lessees shall also be responsible for the payment
of telephone and other bills including bills for the
telecommunication equipments installed in the said
premises.
xi) That the Lessees shall abide by the timings of the
operation of their unit in the complex as per the guidelines
set out by the Lessors/ Complex Management Agency .

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 xii) It is further agreed between the parties that the Lessees
shall be entitled to peacefully enjoy the said premises
subject however in compliance with the rules and
regulations applicable thereto and under this Deed, and
shall also be entitled to mortgage or charge their unit only
for the purpose of raising any finance entirely at their risk
and responsibility. However the Lessors shall be free to
mortgage remaining portion of the commercial complex at
their risk and responsibility.

9. It is clarified that only the said premises are hereby demised

by the Lessors unto the Lessees and the Lessees do not have and
shall not claim any right, title interest share into or upon any other
portion of the said Commercial Complex and that all the open
spaces, basements ,terraces, stilts, common areas, staircase, lift
lobby, Kiosks ,lifts ,escalators, lift machine room, overhead water
tank, building façade and all specified and unspecified areas,
entrance lobby, open or covered parkings , atriums, passages,
internal and external railings etc of the said Commercial Complex
and all other Common areas and facilities in the said Commercial
Complex shall at all times be the sole and absolute property of the
Lessors and shall remain under the control of the Lessors and
the Lessors are also entitled to draw revenue from all or in any
such forms/locations such as advertisement hoardings, laser, TV’s,
Towers or any other part of the common areas, side margins of
the Complex internally or externally on walls /façades as also on
the terrace of the said complex and the Lessees shall have no
objection or claim to the same and all proceeds by way of
royalty ,rental, license fee and premium shall be received by the

20
Lessors only and the Lessees and or other licensees of other
units / premises in the said complex shall not be entitled to claim
any amount in respect thereof. It is hereby further agreed that the
lessors shall be entitled to assign to or nominate any other person
to obtain the benefit of the rights given and /or reserved in favour
of the Lessors and the Lessees shall have no objection to the
same .

10. The Lessors may complete any wing, part, or portion of the
complex and shall also obtain part occupation certificate thereof
and give occupation /possession of unit therein .If the Lessees
take possession of the unit in the complex , it is hereby agreed that
the Lessors shall be entitled to carry on the remaining work of the
other units in that part, portion, floor in the building and the
Lessees shall not have any objection to, or obstruct the execution
of such work nor shall be entitled to any compensation and/or
claim any damage for any inconvenience and/or nuisance .

11. The Lessors if permitted by the Pune Municipal Authorities

shall construct /add additional structures or additional
floors/storeys to the said commercial complex in lieu of TDR
/additional FSI /FAR available to the Lessors in any form including
but not limited to amalgamation with any adjoining plot or paid
FSI and the Lessors shall be entitled to dispose off such
additional premises / structures in any manner as they deem fit
and the Lessees agree not to raise any objection for the same or
claim any reduction in price and/compensation and/or damages

21
on any grounds and hereby give their unconditional NOC for the
same.

12. The Lessees shall not do or permit anything to be done in the

said premises which is likely to be a nuisance or annoyance to
the other neighbours or which can cause any damage to the said
premises or any part thereof.

13. The Lessors and the Lessees agree to indemnify and keep
indemnified each other of, from and against suits, proceedings,
costs, charges, expenses and other liabilities brought against,
suffered or incurred by the Lessors or the Lessees by reason of
any breach, non-performance or non-observance by the Lessors
or the Lessees as the case may be of any of their respective
obligations under this Agreement.

14. The Lessors shall not be responsible or liable for any

theft, loss, damage or destruction of any property of the Lessees
or any other person lying in the said premises or for any damage
to the Lessees or their members, agents, employees, servants,
visitors, invitees and other persons entering the premises for
the time being from any cause whatsoever.

15. The Lease hereby granted by the Lessors to the Lessees is

with the objective of the Lessees to derive optimum benefit by
sub-letting/giving on leave and License to the retailers of branded
products as end users and, for the said purpose, the Lessees
are entitled to and shall at any time be entitled to assign and/or
transfer the benefit of this agreement to any other person or

22
party or company. Nothing herein contained shall however
thereby mean or be construed save and except for the rights
hereunder conferred as creating any right, interest, easement or
any other right or title of any kind whatsoever in favour of the
Lessees or the intending Licensee/end user in the said premises
or as creating any interest therein in favour of the Lessee or
intending Licensee/end user other than the one hereby granted or
as entitling the Lessee/intending Licensee/end user to
possession of the said premises. It is the express intention of
the parties hereto that under this Lease, express authority has
been granted to the Lessees for sub-letting the said unit to the
branded outlets through different chains of national and
international branded companies. The Lessees however shall not
assign, sub-let or give on license or any other basis the said
demised premises or any part thereof to any person without
obtaining prior written permission of the Lessors which shall not be
unreasonably withheld.

16. The Lessees hereby indemnify and agree to keep

indemnified the Lessors and their estates and effects against all
costs, charges, losses, damages which the Lessors may suffer
or incur by nature of or by any reason of rights of the Lessors
being adversely affected and to reimburse to the Lessors
without any delay or default all such costs, charges or expenses
losses or damages as the case may be arising from non-
payment or delayed payment of the said outgoings and the said
water charges as specified hereinabove by the Lessees.

23
17. The Lessors shall be at liberty and be entitled to deal with
or dispose off the said premises or any part thereof or their
interest therein at any price and on any terms and conditions and
stipulations to or in favour of any person after ensuring that the
rights of the Lessees hereunder are not prejudiced, jeopardized
or adversely affected thereby.

18. All notices between the parties hereto shall be deemed to

have been duly delivered/ received if sent either by hand
delivery and a written acknowledgement obtained thereat or by
a reputed courier service at the following addresses :

LESSORS :
208 San Mahu Complex
5, Bund Garden Road
Pune 411 001

LESSEES :

19. DISPUTE RESOLUTION

In the event of any dispute or difference arising between

the Lessors and the Lessees hereto concerning or relating

24
 to the interpretation of these presents or the interpretation
or effect of any provisions thereof or relating to the
liability or obligation on the part of any of the parties hereto,
the same shall be referred to arbitration of three
arbitrators, one to be appointed by each of the parties
and the two appointed arbitrators shall appoint the third
arbitrator who shall act as the presiding arbitrator. The
award passed by them shall be binding on both the parties.
The arbitration shall be in Pune and in accordance with and
subject to the provisions of the Arbitration and Conciliation
Act, 1996 or any statutory modifications or re-enhancements
thereof for the time being in force. The agreement shall be
subject to Jurisdiction of Pune.

20. The Lessors and the Lessees hereto acknowledge that this
agreement supersedes all prior communications between them
including all oral or written proposals/Allotment letters . Any
variation, additions and modifications of this agreement between
the parties shall be valid only if in writing and duly signed by the
persons authorised.

21. Stamp duty and registration charges, if any, in respect of

this lease Deed and/or any other documents in connection with
the transaction herein envisaged and/or any renewal thereof are
to be borne and paid by the Lessees alone.

25
 FIRST SCHEDULE ABOVE REFERRED TO

ALL THAT PIECE AND PARCEL of land bearing CTS

No.15/A, 7/15, 8/15 & 9/15,S.No. 479 & 480 A/1 Sub-Plot
No.B situated at Koregaon Park Pune – 411 001. within the
limits of Pune Municipal Corporation, District Pune together
with the multistoreied commercial building constructed
thereon named as JEWEL SQUARE comprising of 2
Basements, lower ground , ground plus 3 upper floors and
bounded as under:

NORTH : Petrol Pump

EAST : Open Space
SOUTH : Balance of S.No. 479 & 480A/1,Sub Plot A
WEST : Road

SECOND SCHEDULE ABOVE REFERRED TO

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ALL THAT PIECE AND PARCEL of premises bearing unit/s
No. _________ admeasuring _________on the _________floor
constructed within the commercial building known as JEWEL
SQUARE situated on the property more particularly described
in the first Schedule hereinabove written.

IN WITNESS WHEREOF the parties hereto have set their hands

on the day and date first hereinabove mentioned.

SIGNED SEALED AND DELIVERED

by the abovenamed LESSORS
LESSORS

SIGNED SEALED AND DELIVERED

by the abovenamed LESSEES

LESSEES

WITNESSES :
1.

2.

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 ANNEXURE A

TITLE CERTIFICATE

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 ANNEXURE B

Attached layout plan of ____________floor showing Unit

No_______in red shaded color

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 ANNEXURE C

AMENITIES

1) RCC Structure
2) Well spaced out columns in huge spans
3) 2 Nos. Automatic Elevator
4) Grand Entrance Lobby
5) High Capacity Transformer
The amount of power is based on the thumb rule of
approx 12 watt sq ft of the carpet area . This amount
of power includes the air conditioning power
required for common areas as well as unit
mentioned herein.
6)Fire Fighting System
7) Modern Façade
8) Compound Wall
9)Central Air Conditioning Plant
The lessor shall provide airconditioning through the
centralized chilled water system . The chilled water
pipes would be carried through common
shafts ,passages etc .They shall also provide chilled
water inlet connection at a suitable connection a
suitable point at the entry of the shop occupant . The
individual occupant of every shop would have to
install his own air handling unit and carry out the air
distribution system on his own which would include
ducting , insulation , grill diffusers etc

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10)Escalators

NOTE: (1) The recovery of expenses on account of

Diesel consumption by generator, pumps , working of
common air conditioning plant on the terrace , power
consumption to common areas like passage light ,
parking lights , common area air
conditioning ,escalators lifts water pumps , power
charges will be done through transparent system
based on the area in possession , amount of electric
units consumed recorded by the individual shop meters
. The formulation will remain constant with variation in
prices of diesel prices supply company tariffs , AMC
charges for the common equipment and such other
common expenses etc.

(2) The complex will be a single HT consumer to the

supply company MSEDL.

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