All that piece and parcel of land or ground situated at Kolhapur, within the Taluka/Sub-District Karveer and within the municipal limits of Kolhapur, together with the building standing thereon and known as Shalini Palace, including the Club House, Out Houses, Motor Garage, and all other existing structures. The said property is identified as City Survey No. 1A/1, located in ‘A’ Ward, Kolhapur, and admeasures approximately 29,850.12 sq. yards, equivalent to 24,967.58 sq. meters.