Executed under Section 13 of the Real Estate (Regulation and Development) Act, 2016, and Section 53A of the Transfer of Property Act, 1882
Place of execution: S.A.S. Nagar (Mohali), Punjab
Date: 1 April 2026
THE PROMOTER
- Name: M/s Trident Commercial Developers Private Limited
- Constitution: a company incorporated under the Companies Act, 2013
- Registered office or principal place of business: SCO 45, First Floor, Sector 34-A, Chandigarh 160022
- PAN: AAFCT6120M
- GSTIN: 03AAFCT6120M1Z6
- Signing through: Ms Rhea Kapoor, Director
- Email for notices: legal@tridentcommercial.in
- Authority of the signatory: Resolution of the Board of Directors passed on 4 January 2026, a certified copy annexed, authorising Ms Rhea Kapoor, Director, to execute, present for registration and admit execution of agreements for sale of Units in the Project
THE ALLOTTEE
- Name: Kaur Retail Ventures LLP
- Son / daughter / wife of: D/o Shri Balraj Kaur
- Constitution and signatory's authority: A limited liability partnership registered under the Limited Liability Partnership Act, 2008; signing through Ms Simran Kaur, Designated Partner, under the authority of a resolution of the partners dated 2 February 2026
- Address: SCO 212, Sector 40-C, Chandigarh 160036
- PAN: AAPFK4471R
- GSTIN: 04AAPFK4471R1ZL
- Email for notices: simran@kaurretail.in
- Telephone: +91 XXXXX XXXXX
THE CO-ALLOTTEE — taking the Unit jointly with the Allottee
- Name: Gagandeep Kaur
- PAN: BQLPK9902F
Wherever this Agreement says "the Allottee" it means the Allottee and the Co-Allottee together. They are bound jointly and severally, both sign this Agreement, both appear before the Sub-Registrar, and the conveyance deed will be taken in both names.
1.1 The Promoter and the Allottee are together called "the parties", and this document is called "this Agreement".
1.2 Each individual signing this Agreement confirms being a major, of sound mind and competent to contract under Section 11 of the Indian Contract Act, 1872. The person signing for the Promoter or for the Allottee's business confirms being duly authorised and will produce that authority in original before the registering officer.
1.3 In this Agreement, "the RERA Act" means the Real Estate (Regulation and Development) Act, 2016; "the Authority" means the Real Estate Regulatory Authority having jurisdiction over the Project; "promoter" and "allottee" carry the meanings given to them in the RERA Act.
2.1 The Promoter is developing the commercial project known as Trident Business Square ("the Project"), on the land described below:
SCO Nos. 41 to 48, Sector 34-A, Union Territory of Chandigarh, comprised in Site Plan No. CHD/EO/2019/1187 sanctioned by the Estate Office, Chandigarh Administration
2.2 How the Promoter holds the land. Freehold land owned by the Promoter in its own right in Punjab, with the commercial building sanctioned by the competent municipal corporation or urban planning and development authority. The document evidencing this is: Lease Deed No. 2216 dated 19 August 2019, registered with the Sub-Registrar, Chandigarh, converted to freehold by order of the Estate Officer dated 11 March 2022, No. EO/FH/2022/408.
2.3 Sanction for the building. Sanctioned by the Chief Architect, Chandigarh Administration, Memo No. CA/BP/2023/615 dated 2 May 2023. The Promoter will not depart from the sanctioned plan without the approval that a departure requires, and will not offer possession of the Unit before the completion and occupation certificates for the building are obtained.
2.4 Registration with the Authority. The Project is registered with the Real Estate Regulatory Authority under Section 5 of the RERA Act, 2016, and the registration particulars are given below Particulars: PBRERA-SAS81-PR0918, application received 6 January 2023.
2.5 The Project's separate bank account. Money received from the Allottee is deposited in the designated account for the Project, and — where the Project is registered under the RERA Act — seventy per cent of it is kept in the separate account Section 4(2)(l)(D) of the RERA Act requires, withdrawn only in proportion to the completion of the Project on the certificates of the architect, the engineer and the chartered accountant. That account is: HDFC Bank, Sector 34 Branch, Chandigarh — Account 'Trident Business Square RERA Collection Account', A/c No. 5020 0041 8873, IFSC HDFC0000512. The Allottee will pay into that account and no other.
2.6 Fire safety. Not yet obtained; the Promoter undertakes to produce it, from the fire authority having jurisdiction, before possession is offered.
2.7 Title. The Promoter has a clear and marketable right to sell the Unit, free from encumbrance except anything disclosed to the Allottee in writing before the date of this Agreement, and has made available to the Allottee such search or title report as it holds.
3.1 The Promoter agrees to sell and the Allottee agrees to purchase the unit described in Schedule A ("the Unit"), described as a shop-cum-office (SCO) unit, together with the undivided proportionate interest in the land underlying the Project and in the common areas and facilities described in that Schedule.
3.2 What the price is measured against. Carpet area is the net usable floor area of the Unit as defined in the RERA Act, and the Total Price in Clause 4 is referable to it. Where the Promoter has quoted a super or saleable area for reference, that figure creates no obligation on the Allottee and no demand may be raised on it.
3.3 If the delivered area is not the area in Schedule A. Within thirty days of the occupation certificate, the Promoter will confirm the final measured carpet area in writing, supported by the architect's measurement certificate. A shortfall against Schedule A is refunded, with interest at the rate in Clause 7.4, within forty-five days. An excess may be demanded only up to three per cent of the Schedule A figure, against the measurement certificate; nothing may be demanded for any excess beyond that.
3.4 Alterations. The Promoter will not alter the Unit, the sanctioned plan, the specifications in Schedule D or the common areas without the Allottee's previous written consent, as Section 14 of the RERA Act requires.
3.5 Specifications. The Unit and the common areas will be constructed and finished as set out in Schedule D. The Promoter will not substitute any material, fitting or brand named there except with an item of equal or better quality and the Allottee's written consent.
3.6 Permitted use. The Unit may be used only as follows: Retail sale of readymade garments and accessories, and any other trade or business consistent with the commercial sanction under which the building is approved and not prohibited by the Project’s operating rules. The Unit may not be used, in whole or in part, as a residence.. A use inconsistent with the sanction referred to in Clause 2.3 remains unlawful whatever this Agreement says, and the Allottee is responsible for obtaining any trade licence, shop-and-establishment registration or other permission the actual business carried on requires.
4.1 The total price payable for the Unit is ₹48,00,000 (Rupees Forty Eight Lakh only) ("the Total Price").
4.2 The Total Price is made up head by head as set out in Schedule B.
4.3 Goods and services tax. The Unit is in a building that has not yet received its occupation certificate, so goods and services tax is payable by the Allottee in addition to the Total Price, at the rate in force on the date of each instalment, and the benefit of any input tax credit available to the Promoter will be passed on to the Allottee to the extent the law requires A demand for tax not supported by a proper tax invoice, or raised despite this clause saying none is chargeable, must be justified in writing by the provision of law relied on.
4.4 The Total Price is fixed and is not open to escalation for a rise in the cost of materials, labour or finance. It may be increased only for a development or other charge levied by a competent authority after the date of this Agreement, to the extent of the Allottee's proportionate share and supported by a copy of the demand, or for the area adjustment permitted by Clause 3.3.
4.5 The Total Price does not include the stamp duty and registration fee on the conveyance deed, which Clause 8 deals with, or the common area maintenance charge, which Clause 10 deals with.
5.1 No money before registration. No amount has been paid by the Allottee to the Promoter before the date of this Agreement, and none is payable until this Agreement has been registered. The Allottee will pay ₹4,80,000 (Rupees Four Lakh Eighty Thousand only) on 3 April 2026, a date on or after the date this Agreement is registered under Clause 21. The Promoter will acknowledge that amount only when it is actually received, in the receipt at the foot of this Agreement, signed across a revenue stamp.
5.2 The statutory cap. Section 13(1) of the RERA Act forbids the Promoter from accepting more than ten per cent of the cost of the Unit as an advance or deposit without first entering into a registered agreement for sale. This Agreement is that registered agreement, and the amount in Clause 5.1 does not exceed ten per cent of the Total Price. A booking form, an application for allotment or an expression of interest is not a substitute for this Agreement, and money taken on one of those before registration is taken in breach of Section 13(1).
5.3 The balance of the Total Price is payable in the instalments set out in Schedule B.
5.4 Every payment will be made into the designated account named in Clause 2.5, by electronic transfer, account payee cheque or demand draft, and never in cash. Section 269SS of the Income-tax Act, 1961 forbids taking twenty thousand rupees or more in cash toward the transfer of immovable property, and Section 271D imposes a penalty equal to the whole of that amount on the person who takes it; Section 269ST forbids receiving two lakh rupees or more in cash in respect of a single transaction, with the same consequence.
5.5 Tax deducted at source by the Allottee and deposited with the Government under Clause 18 counts as payment of that much of the Total Price.