Rajiv Sahai Endlaw, J.

1. The suit for specific performance of an agreement dated 27th December, 1984 between the parties and for other reliefs is for final adjudication. The plaintiff approached the court with a case that in or about 1984 the plaintiff bank had felt the need for purchase of residential flats for the use of its officers; the plaintiff entered into negotiations with the defendant who owned the plot of land admeasuring 300 sq yards bearing No. B-9, East of Kailash, New Delhi; that the defendant agreed to construct residential flats on the said plot and to hand over the same to the plaintiff; that agreement dated 27th December, 1984 was entered into between the parties.

.2. At this stage, the salient terms of the said agreement, insofar as relevant for the present, may be discussed. In the said agreement, the defendant is described as the vendor and the plaintiff as the purchaser; the agreement records that in pursuance to payment of Rs 27,100/- the Delhi Development Authority on behalf of the President of India has granted a lease of the aforesaid plot of land to the defendant on the terms and conditions contained in the perpetual lease deed, copy whereof is