a) All that part and parcel of land admeasuring 607 sq. mtrs (as per property card and Deed of Exchange, the area is 602.00 sq. mtrs.) out of Gat No. 308 consisting of Entire Basement, Third floor and fourth floor (existing) and fifth floor to Eight floor (proposed) situated plot No. 8 & 9 (as per property card and Deed of Exchange, the plot of land bearing Plot No. 9, CTS NO.308), Ridhay Apartment, S.V. Road, Santacruz, Mumbai 400054. b) The development and construction rights of third floor and above in respect of Ridhay Apartment to be constructed developed on the said property situate and lying at Plot No. 308 (CTS NO.308 as per property card) having area admeasuring about 607 sq. mtrs (as per property card and Deed of Exchange, the area is 602.00 sq. mtrs.) along with the corresponding constructed units / areas and the proportionate spaces that shall become available after construction.