Property No. 1: - The development right i.e. 48% of built up area of the project known as "Ocean View" to be constructed on land being piece and parcel of land bearing Final Plot No. 174, admeasuring 1506.70 sq.mtrs. situated at Road No. 5, Shivaji Park, Mumbai - 400016, bearing CTS No. 1967 and 1992, TPS II of Mahim Division, in the Registration District and Sub District of Mumbai City and within the limits of Municipal Corporation of Greater Mumbai