-------------------------------------------------- DRAFT FOR ATTORNEY REVIEW ONLY This document is a structured preparation draft only. It does not constitute legal advice and must be reviewed and finalized by a qualified property law attorney before it is signed or relied upon by either party. -------------------------------------------------- LAND PURCHASE AGREEMENT — DRAFT FOR ATTORNEY REVIEW Document Ref: LPA-2026-001 Date of Preparation: June 1 2026 SELLER: Rajesh Mehta Sunita Mehta Mumbai Maharashtra India Email: [seller email] BUYER: Arjun Kapoor Mumbai Maharashtra India Email: [buyer email] 1. RECITALS 1.1 Rajesh Mehta and Sunita Mehta are the registered owners of a vacant residential plot in Andheri West Mumbai Maharashtra India which they wish to sell. 1.2 Arjun Kapoor is a property developer based in Mumbai who wishes to purchase the land described in this agreement for development purposes. 1.3 Both parties confirm mutual intent to document the terms of this land purchase through this agreement. 2. DEFINITIONS 2.1 Seller: Rajesh Mehta and Sunita Mehta jointly. 2.2 Buyer: Arjun Kapoor. 2.3 Land: The vacant residential plot of approximately 300 square meters at Survey Number 45/2, Andheri West Mumbai as described in Section 3. 2.4 Purchase Price: INR 1,20,00,000 being the total agreed price for the Land. 2.5 Deposit: INR 12,00,000 being 10 percent of the Purchase Price payable on signing. 2.6 Settlement Date: 90 days from the date of signing this agreement. 2.7 Conditions Precedent: The conditions described in Section 6 that must be satisfied before either party is obligated to complete this purchase. 2.8 Effective Date: The date on which both parties sign this agreement. 3. DESCRIPTION OF LAND 3.1 The Land is a vacant residential plot of approximately 300 square meters identified as Survey Number 45/2 located in Andheri West Mumbai Maharashtra India. 3.2 The Land is currently zoned residential under applicable Mumbai planning regulations. 3.3 There are no existing structures on the Land. 3.4 Rajesh Mehta and Sunita Mehta confirm to the best of their knowledge that there are no known encumbrances, easements, or restrictions affecting the Land that have not been disclosed in this agreement. 3.5 Note: A full title search must be conducted by a qualified property attorney or conveyancer before settlement. 4. PURCHASE PRICE AND DEPOSIT 4.1 The total Purchase Price is INR 1,20,00,000. 4.2 The Deposit of INR 12,00,000 is payable by Arjun Kapoor to the advocate trust account nominated by the parties within 5 business days of signing. 4.3 The Deposit is refundable in full if any Condition Precedent is not satisfied within the agreed period and Arjun Kapoor elects to terminate this agreement. 4.4 The balance Purchase Price of INR 1,08,00,000 is payable at settlement. 4.5 Note: Deposit handling requirements under Maharashtra property law must be confirmed with a qualified attorney before this agreement is finalized. 5. CONDITIONS PRECEDENT 5.1 This agreement is conditional upon: 1. Clear title search: Arjun Kapoor must obtain a satisfactory title search confirming clear and marketable title within 30 days of signing. If not satisfied, Arjun Kapoor may terminate and receive a full deposit refund. 2. Finance approval: Arjun Kapoor must obtain satisfactory finance approval within 45 days of signing. If not obtained, Arjun Kapoor may terminate and receive a full deposit refund. 5.2 Each party must use reasonable efforts to satisfy the conditions within the agreed timeframes. 6. TITLE AND SELLER'S WARRANTIES 6.1 Rajesh Mehta and Sunita Mehta warrant to the best of their knowledge that they have good and marketable title to the Land and the right to sell it. 6.2 The Land will be transferred to Arjun Kapoor at settlement free from all undisclosed encumbrances. 6.3 The Seller will promptly disclose any encumbrance, caveat, or restriction affecting the Land that becomes known before settlement. 7. SETTLEMENT 7.1 Settlement must occur on or before 90 days from the date of signing, being the Settlement Date. 7.2 At settlement Rajesh Mehta and Sunita Mehta must provide all documents required to transfer clear title to Arjun Kapoor. 7.3 Arjun Kapoor must pay the balance Purchase Price of INR 1,08,00,000 at settlement by the agreed payment method. 7.4 Note: Settlement procedures for land transactions in Maharashtra must be confirmed with a qualified property attorney. 8. RISK AND OUTGOINGS 8.1 Risk of loss or damage to the Land transfers to Arjun Kapoor at settlement. 8.2 All outgoings including property taxes and municipal charges will be adjusted between the parties as at the settlement date. 9. STAMP DUTY AND COSTS 9.1 Arjun Kapoor is responsible for paying all applicable Maharashtra stamp duty and registration fees on this purchase. 9.2 Each party is responsible for their own legal and conveyancing costs. 9.3 Note: Maharashtra stamp duty rates must be confirmed with the relevant stamp duty authority before settlement. 10. SUNSET CLAUSE 10.1 If settlement has not occurred by the date 120 days from signing through no fault of either party, either party may terminate this agreement by 30 days written notice and the Deposit will be refunded in full to Arjun Kapoor. 11. GOVERNING LAW AND DISPUTES 11.1 Laws of Maharashtra India govern this agreement. 11.2 Disputes will first be addressed through direct good-faith negotiation. If unsuccessful, disputes proceed to binding arbitration in Mumbai. SIGNATURE BLOCK: Note: Both parties must have this agreement reviewed by a qualified Maharashtra property law attorney before signing. Title search obligations, Maharashtra stamp duty requirements, and applicable RERA provisions must be confirmed before either party signs. Rajesh Mehta (Seller) Signature: ________________ Date: ____________________ Sunita Mehta (Seller) Signature: ________________ Date: ____________________ Arjun Kapoor (Buyer) Signature: ________________ Date: ____________________ -------------------------------------------------- This Land Purchase Agreement draft was generated by an AI drafting tool as a structured preparation and documentation aid only. It does not constitute legal advice. Always have this document reviewed by a qualified property law attorney before either party signs or acts upon it. --------------------------------------------------