Sanjay Kumar, J.

1. By judgment and decree dated 28.11.2001, the learned Ist Senior Civil Judge, City Civil Court, Hyderabad, dismissed O.S.No.547 of 1996 on his file. Aggrieved thereby, Suresh Chukkapalli, the plaintiff therein, is in appeal.

2. O.S.No.547 of 1996 was instituted seeking specific performance of an oral development agreement entered into by and between the plaintiff and Dr.Ali Abbas Hussain, a medical practitioner, the defendant, in relation to the suit schedule property owned by the defendant and for delivery of vacant physical possession thereof to the plaintiff for development in accordance with the stipulations agreed upon between them. He also sought a direction to the defendant to execute and register a power of attorney in his favour, inter alia, authorising him to deal with 40% of the built up area after such development.

3. The property bearing Municipal No.6-3-883/A&B, admeasuring 2560 square yards, situated at Somajiguda junction, Punjagutta, Hyderabad, is the suit schedule property.

4. The plaint averments read as under:

5. The plaintiff is engaged in the business of acquisition, development and sale of immovable property, comprising flats, commerci