All that piece and parcel of the residential property having an extent of Flat No. 503, situated on the 5th Floor, in Wing R/2, in the building known as “Panvelkar Optima”, N.R. Tower, lying and being situated at Katrap, Badlapur East, District Thane, State of Maharashtra – 421503, together with all rights, easements, appurtenances and amenities attached thereto.