APPLICATION FORM. payable AT PAR as Application Money [taxes extra].

Transcription

1 APPLICATION FORM To, LEMON TREE LAND AND DEVELOPERS PRIVATE LIMITED, 3, Ground floor, Naurang House, 21, Kasturba Gandhi Marg, New Delhi Date of Booking: Customer ID No: Sales Order No: Dear Sir, I/We ( Applicant/s ) request/offer that I/we wish to apply for allotment of a residential unit admeasuring sq.mtrs equivalent to sq. ft. carpet area ( Residential Unit ) in Tower in the La Vida ( Complex ), part of the Project developed on area admeasuring Acres or thereabouts, situate at and being at Sector 113, Village Bajghera, Tehsil and District Gurgaon, Haryana (hereinafter referred to as said Land ) to be developed by LEMON TREE LAND AND DEVELOPERS PVT. LTD. (hereinafter referred to as Developer ). I/We remit herewith a sum of Rs. (Rupees only) drawn on Bank, vide Cheque/Demand Draft No. dated D D M M Y Y Y Y in favour of payable AT PAR as Application Money [taxes extra]. I/We are making this Application with the full knowledge that the Complex is approved under Group Housing license bearing No. 105 of 2011, dated 11th December, 2011 and additional license bearing no 85, 86 of 2012 dated 29th August, 2012 issued from the Director General, Town and Country Planning ( DTCP ). The Directorate of Town and Country Planning, Haryana has also approved the Layout plan bearing no. ZP- 766/SD(BS)/ 2016/ 7294 dated 11th April, 2016 for the development of the said Land. I/ We have clearly understood the contents of this Application Form and am aware that the same constitutes an offer from me/ us to acquire the unit as mentioned in the Application, the same does not constitute an agreement for sale and I/We do not become entitled to the provisional and/or final allotment of the Residential Unit, notwithstanding the fact that Developer may have issued a receipt in acknowledgement of the Application Money tendered with the application and encashed the same. The Developer reserves the right to accept or reject the application, at its sole discretion without assigning the reasons for the same. The application and the terms hereof shall supersede all the prior discussions, correspondences (written/ oral or otherwise) between the Applicant(s) and the Developer and its representatives and agents. 1

2 I/We have clearly understood and agreed that this Application Form will be processed by the Developer only after realisation of Application Money of Rs. /- (Rupees only) as specified in the payment schedule more particularly mentioned in Annexure A hereinafter referred to as Payment Schedule together with this Application Form complete in all respects. (Please fill in relevant portions of this APPLICATION FORM for Individual/Joint or Other Entity. Strike out portions that are not applicable and deposit this APPLICATION FORM in full.) 2

3 My/our particulars are given below for your reference and record. SOLE/FIRST APPLICANT Name: Mr./Mrs./Ms. FULL NAME, in CAPITAL Letters (In the order of First, Middle and Last Name, leaving a space between words) Son/Daughter/wife of: Guardian s Name (if minor): Date of Birth: D D M M Y Y Y Y Gender: Male Female Marital Status: Single Married Wedding Anniversary: D D M M Y Y Y Y Nationality: Occupation: Residential Status: Resident Non Resident Indian (NRI) Person of Indian Origin(PIO) Overseas Citizen of India (OCI) Correspondence Address: IT PAN: (Please leave a space between each part of the address) (Mandatory) City State Pin Code Phone: Home Work Mobile I wish to receive all communications, marketing- s including demand letters from TATA HOUSING via as mentioned hereinabove. Permanent Address : Tick here if same as Correspondence Address City State Pin Code Phone: Home Work Mobile Employment Type: Salaried Profession (Job Title): Company Name and Address : Self employed Prior investment in the TATA HOUSING projects: Yes No If yes, Flat no., Project name and location 3

4 SECOND/JOINT APPLICANT Name: Mr./Mrs./Ms. FULL NAME, in CAPITAL Letters (In the order of First, Middle and Last Name, leaving a space between words) Son/Daughter/wife of : Relation with the First Applicant: Guardian s Name (if minor): Date of Birth: D D M M Y Y Y Y Gender: Male Female Marital Status: Single Married Wedding Anniversary: D D M M Y Y Y Y Nationality: Occupation: Residential Status: Resident Indian Non Resident Indian (NRI) Person of Indian Origin(PIO) Overseas Citizen of India (OCI) AADHAR CARD NO: Correspondence Address: IT PAN: (Please leave a space between each part of the address) (Mandatory) City State Pin Code Phone: Home Work Mobile I wish to receive all communications, marketing- s including demand letters from TATA HOUSING via as mentioned hereinabove. Permanent Address : Tick here if same as Correspondence Address City State Pin Code Phone: Home Work Mobile Employment Type: Salaried Self employed Profession/ Job Title: Company Name and Address: Prior investment in the TATA HOUSING projects: Yes No If yes, Flat no., Project name and location 4

5 COMPANY AS AN APPLICANT Name of Company: Date of Incorporation: D D M M Y Y Y Y (Please leave a space between each part of the address) Correspondence Address: City State Pin Code Registered Address: Tick here if same as Correspondence Address City State Pin Code Name of the contact person: Phone: Home Mobile Work I wish to receive all communications marketing- s including demand letters from TATA HOUSING via as mentioned hereinabove. Company PAN Card (Mandatory) Corporate Identification Number (CIN) Director Identification Number (DIN) Prior investment in the TATA HOUSING projects: Yes No If yes, Flat no., Project name and location The Applicant(s) shall mean and include his/her/their/heirs, executors, administrators, successors and legal representatives for purposes of payment obligations as agreed under this Application. In case of more than one joint applicant please use extra sheet enclosed here with as Annexure B. 5

6 Bank account details for refund [in case of non-allotment of the Residential Unit] Name of account holder: Bank account number: Bank name: Branch location: City: MICR Code: IFSC Code: 6

7 BOOKING FOR THE RESIDENTIAL UNIT: Tower Unit No. Unit Type Carpet Area (In sq. mtrs and sq. fts)* sq. mtrs. / sq. ft. *Area measurement is approx. and subject to minor variation. No. of car parks requested: Earmarking of right to use of parking space will be done at the time of giving possession of the Residential Unit. Request for only one Residential Unit per Application permitted Flat Cost Details (i) Sales Price Rs. Rupees only (ii) Deposits & other charges As mentioned in Annexure A Other Details (iii) Source of Funds Self Finance Loan If loan, kindly mention the amount of loan sought: Rs. Rupees only (iv) Source of Booking Direct Broker Name and Regis no (if available) : Mr. (Seal of Broker required) Channel Partner name and Regis no (if available): Mr. Seal of Sales Associate / Channel Partner (v) Whether the Applicant(s) is/are employee(s) of TATA Group? Yes No (Tick as applicable) If yes, kindly provide a copy of the I- Card / proof of identity: 7

8 RELATIONSHIP WITH THE DIRECTORS OF TATA HOUSING OR THE ENTITY/S IN WHICH SUCH DIRECTOR/S IS/ARE INTERESTED (i) Whether the Applicant(s) is Director or related to any of the Director/s of the TATA HOUSING? Yes No (Tick as applicable) If yes, then kindly provide details in Annexure C *Nomination by: 1. First Applicant : Name of Nominee 2. Second Applicant : Name of Nominee *The nomination will be allowed only once till the formation of the Society/Condominium/ Association [as the case may be]. APPLICANT(S) WHETHER PIO / NRI/ OCI (i) Whether the Applicant/s is NRI? Yes No Whether the Co -Applicant/s is NRI? Yes No I / We hereby declare that and confirm that I am/ We are a Non Resident Indian and I /We shall comply with all the statutory compliances as required from time to time under applicable laws/ rules and TATA HOUSING shall not be liable for the same in any manner whatsoever. We shall keep TATA HOUSING informed about any change in the above status. (Signature/s of the Applicant/s) (ii) Whether the Applicant/s is PIO? Yes No Whether the Co -Applicant/s is PIO? I / We hereby declare that and confirm that I am/ We are a Person of Indian Origin and I / We shall comply with all the statutory compliances as required from time to time under applicable laws/ rules and TATA HOUSING shall not be liable for the same in any manner whatsoever. We shall keep TATA HOUSING informed about any change in the above status. Yes No (Signature/s of the Applicant/s) (iii) Whether the Applicant/s is OCI? Yes No Whether the Co -Applicant/s is OCI? Yes No I / We hereby declare that and confirm that I am/ We are a Overseas Citizen of India (OCI) and I / We shall comply with all the statutory compliances as required from time to time under applicable laws/ rules and the TATA HOUSING shall not be liable for the same in any manner whatsoever. We shall keep TATA HOUSING informed about any change in the above status. (Signature/s of the Applicant/s) Date of Application : Name of Sales Person : Signature of Sales Person : 8

9 DECLARATION 1. I/We hereby solemnly declare that all the foregoing facts are true to the best of my/our knowledge and nothing relevant has been concealed or suppressed. I/We also undertake to inform the Developer of any future changes related to the information and details shown in this Application Form. 2. I/We hereby also declare that I/we have read and understood the terms and conditions and all other information/conditions stated in the accompanying GENERAL TERMS & CONDITIONS including consideration of the units and price & payment schedules. By signing this Application form, I/We do hereby solemnly accept and agree to abide by the terms & conditions as stipulated in the accompanying GENERAL TERMS & CONDITIONS, which may be modified or amended by the Developer. 3. I/We hereby give my/our irrevocable consent to become member of a body of the Residential Unit owners to be formed in accordance with the applicable acts, rules and bye laws and execute necessary documents as and when required. 4. I/We hereby confirm that we have verified and inspected the title documents of the Developer and the approvals for the Project and I/ we are satisfied with the same. 5. I/We have signed this Application form after having read and understood what is written in this form. 6. I/We shall sign and execute the definitive Agreement in the format given by the Developer without any protest or demur. 7. I/ We shall not withdraw from this commercial commitment of this Application made by us. 8. I/We have no objection against receiving marketing material correspondence, calls and SMS from the Developer. 9. I /We, confirm that the sale is direct / through Sales Associate Mr./M/s Signature of the First/Sole Applicant Signature of the Joint /Second Applicant Date: D D M M Y Y Y Y Place: 9

10 Check - list for Sales Officer: 1. Application Money: Demand Draft/Pay Order/ Cheque. 2. Name of the Applicant(s) and the Application number behind the Demand Draft/Pay Order/Cheque and all supporting documents, authorization/ POA to be duly attested at the place/location, where the Applicant(s) is residing. 3. PAN No. & copy of PAN Card / Undertaking. 4. Certified copy of certificate of incorporation and Form 32 (latest). 5. ID and Mobile No. of the Applicant(s)/ Second Applicant. 6. Proof of Residence Any 2 documents 1 with photo identity (Aadhar Card/Ration Card/ Electricity Bill/ BSNL Phone Bill/ Driving License/ Voter s Identity Card/Passport) 7. Relationship disclosure/s made in Annexure C below. 8. If the Applicant(s)/ Joint Applicant being a Non-Resident Indian (NRI)/ Person of Indian Origin (PIO)/ Overseas Citizen of India (OCI), true copy of their valid passport & documents evidencing NRI/PIO/OCI status along with Account details of NRE/NRI / NRO. 9. Other entities, i.e. a body corporate incorporated in India or partnership firm or Hindu Undivided Family (HUF) or any other association of persons (AOP) recognized as a legal entity under any law in India (Certified copy of certificate of incorporation or certified copy of registration certificate, as the case may be, as also a copy of the Income Tax Permanent Account Number Card (PAN Card). Also certified copy of Memorandum of Association (MOA), Board Resolution authorising purchase of Residential Unit, Power of Attorney of the authorized signatory is to be submitted along with the Application Form). 10. For partnership firm, a certified copy of partnership deed along with authority in favour of partner to sign application/documents, signed by all partners. 11. For Trust, a certified copy Trust Deed, resolution/necessary permissions required under applicable laws. 12. Signatures of all the Applicant(s) on all pages of the Application Form. Name & Signature of the Sales Officer (Confirming receipt of all the documents) 10

11 GENERAL TERMS & CONDITIONS 1(a) WHO CAN APPLY: An individual, i.e. a person of the age of majority or a minor through legal or natural guardian, whether an Indian citizen or Non-Resident Indian citizen or a Person of Indian Origin, resident in India or abroad (in case of minor, age proof and name of natural guardian is required). Joint application by only one natural person is permitted. Indian resident Applicant(s) are required to attach a copy of their Income Tax Permanent Account Number Card (PAN Card). Non-Resident Indian/ Person of Indian Origin (PIO)/ Overseas Citizen of India (OCI) should attach a copy of the document showing their NRI/PIO/OCI status with the filled Application Form. 1.(b) CHANGES IN CONTACT DETAILS: Applicant(s) is/are required to keep the Developer informed if any changes of their residence status in writing supported by necessary document. Applicant(s) have to provide his/her / their/its Id and contact number to customer care of the Developer with reference of customer ID mentioned in this Application Form. 1.(c) COMPLIANCE WITH STATUTORY PROVISIONS: The Applicant(s), if resident outside India, shall be solely responsible to comply with the provisions of the Foreign Exchange Management Act 1999 (FEMA) and The Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000 and/or all other statutory provisions as laid down and notified by the Government or concerned statutory authorities from time to time, including those pertaining to remittance of payment(s) for acquisitions of immovable property in India. The Applicant(s) shall also furnish the required declaration to the Developer on the prescribed format, if necessary. In case of refunds to Non-Resident Indians (NRI), Persons of Indian Origin (PIO) and Overseas Citizen of India (OCI), if any, shall, however, be made in Indian Rupees and the necessary permissions shall be obtained by NRI or PIO. In case any such permission is ever refused or subsequently found lacking by any statutory authority the amount paid towards booking and further consideration will be returned by the Developer, subject to deduction of Rs.10,000/- (Rupees Ten Thousand only) as an administrative charges, only if the cancellation is prior to issuance of allotment and the allotment cancelled forthwith and Developer will not be liable in any manner on such account. 1.(d) FOREIGN REMITTANCE: In case of foreign remittance the net amount credited to bank shall be taken as amount received and necessary bank charges shall be borne by the Applicant(s). 1.(e) OBTAINING PERMISSION FOR PURCHASE : The Applicant(s) shall be solely responsible to obtain any requisite permission, if any, from appropriate authorities for the purchase of the Residential Unit and the Developer shall not be responsible for the same. The Applicant(s) shall keep Developer informed about the status of the requisite permissions. Allotment is subject to the requisite permissions and if the same is refused at any point of time then, the amount paid towards booking and further consideration will be returned by the Developer as per rules without interest and the allotment cancelled forthwith and Developer will not be liable in any manner on such account. The Applicant(s) shall cease to have any right title and / or interest in the Residential Unit. 2. APPLICATION FOR ALLOTMENT: a) The Applicant(s) has/ have applied to be registered, on the terms and conditions as agreed and set forth herein, for allotment of a Residential Unit in the Complex to be developed on the said Land by the Developer. 11

12 b) That the term Applicant(s)/ Allottee(s) shall mean and include his/ her/ their/ heirs, executors, administrators, successors and legal representatives. c) That the Applicant(s) has/have applied for allotment of a Residential Unit in the Complex with full knowledge of the laws, notifications, rules and regulations applicable to the said Land/ Complex and has fully satisfied himself/ herself/ itself about the right and interest of the Developer in the said Land/Complex. d) The expression 'allotment' wherever used herein (including the Application Form) shall always mean provisional allotment and will remain so till such time a formal Agreement to Sell/ Apartment Buyer s Agreement/ Agreement for Sale ( Agreement ), is executed by the Developer in favour of the Applicant(s). However, the provisional allotment shall be subject to timely payment of the total price and all related dues to the Developer. e) That the Applicant(s) hereby undertakes that he/she/it shall abide by all laws, rules and regulations and terms and conditions of the concerned Authorities and/or of the Government of Haryana, the Local Bodies and/or other authorities applicable to the said Land and/ or the Complex. f) The Applicant(s) has/have verified and is satisfied with the documents/deeds, which entitles the Developer to allot the Residential Unit, and such allotment of the Residential Unit to the Applicant(s) shall be made by the Developer, on the terms and conditions as contained herein. 3. APPLICATION PROCEDUREP: 3.(a) APPLICATION SIGNED BY THE APPLICANT(S): The completed Application Form shall be duly signed by Applicant(s) and submitted the together with the Cheque / Demand Draft / Pay Order/authorized Electronic transfer in favour of A/c ( Branch), payable AT PAR for the amount of Application Money as shown in the Price and Payment Schedule annexed hereto as Annexure A. The Developer or its authorized personnel are authorized to acknowledge receipt of the Demand Draft Bank Draft/ Pay Order by signing the acknowledgment slip. The payment from NRI/PIO shall be received either by RTGS or NRE/NRI/NRO account cheque only. There will be no other acknowledgement for receipt of the Application Form and the Application money paid. 3.(b) DISHONOUR OF CHEQUE: If any of the Cheque submitted by the Applicant(s) to Developer is dishonoured for any reasons then the Developer shall intimate the Applicant(s) of the dishonour of the Cheque and the Applicant(s) would be required to tender/s a Demand Draft of the same amount to Developer within ten (10) days from the date of dispatch of such intimation by Developer and the same shall be accepted subject to Dishonour Charges of Rs. 2000/- (Rupees Two Thousand only) (taxes shall be extra, if applicable) for each dis-honour. In the event the said Demand Draft is not tendered within the stipulated time period mentioned herein, then the allotment shall be cancelled at the sole and unfettered discretion of Developer subject to provisions in Clause No. 6 (b) hereunder. In the event the Applicant(s) comes forward to pay the entire Application Money and penalty thereof, the Developer may consider the same at its sole discretion. 4. SCRUTINY, REJECTION AND REFUNDS: a) Applications which are incomplete or deficient in any respect and/or not accompanied by the required remittance and/or relevant documents will be liable to be rejected. Application Money received from the Applicant(s) will be refunded without interest to the Applicant(s) and Cheque for such refund shall be dispatched within 45 (forty five) days from the date of receipt of the communication on such rejection. b) The Joint Applicant (s) shall have no objection for transfer/refund of money in the bank account details provided by the Applicant(s) in this Application and the same cannot be raised at a later stage. 12

13 5. ALLOTMENT PROCEDURE: Allotment shall be done as per the procedure mentioned in Annexure D. Applicant(s) when allotted the Residential Unit by the Developer through Allotment Letter shall be referred to as Allottee(s). 6. WITHDRAWAL OF APPLICATION / CANCELLATION: 6.(a) Before Allotment: Applicant(s) may withdraw their Application prior to the allotment and may get full refund of the Application Money without any interest and without deduction of any cancellation or administrative charge within 30 (thirty) days of receipt of communication of withdrawal by the Applicant(s). Taxes, cess, levies, charges etc. paid on such Application Money shall not be refunded back to the Applicant(s). However, if the Applicant(s) has expressed interest on the said Residential Unit online and has made online payment in respect of the same and thereafter is desirous to withdraw/cancel such expression of interest, then in such event the Developer shall not be liable to refund to such Applicant(s) such amount paid by him/her/them/it online and the same shall stand forfeited. Upon cancellation, the Developer further reserves its right towards the said Residential Unit and the Applicant(s) shall not have any claim or charge thereto. 6.(b) (i) (ii) (iii) After Allotment: The Developer has obtained License for the said Complex from DGTCP, Haryana. The Allottee(s) shall be entitled to cancel the allotment any time before the execution of the Agreement and upon such cancellation the Developer shall refund without interest subject to forfeiture of Application Money or the actual amount paid whichever is higher subject to a maximum of 15% (fifteen percent) of the Sales Price, subject to handover of original Allotment Letter and execution of Deed of Cancellation by the Applicant/s. Interest due in case of default payments, calculated till date of request of cancellation/termination letter shall also be forfeited. Taxes, cess, charges etc. paid on such amounts paid shall not be refunded back to the Allottee(s). Upon cancellation, the Allottee(s) shall cease to have any right of whatsoever nature in the Residential Unit. The Developer on default of payment by the Allottee(s) shall be entitled to cancel the Allotment any time before execution of the Agreement and upon such cancellation the Developer shall refund all such amount paid by the Allottee(s) on the date of cancellation without interest subject to forfeiture of following sums as detailed hereunder: (a) (b) (c) (d) (e) Application Money or the actual amount paid whichever is higher subject to a maximum of 15% of the Sale Consideration. Taxes, cess, levies, charges etc. paid on all such amount shall not be refunded back to the Allottee(s); Total interest accrued on account of the delayed/default payment of said Instalment/s as per the payment schedule, calculated till the date of issuance of the cancellation/termination letter; Amount of penalty for dishonor of cheque(if any) by the Allottee(s); All amounts collected as taxes, charges, levies, cess, assessments and all other impositions which may be leviable by any appropriate authorities would include (but not limited to), taxes like value added tax, works contract tax, service tax and any other tax; All other charges, costs, amount etc. as may be applicable including unpaid costs, charges, outgoings, expenses etc. as applicable from the Offer of Possession, along with interest due for such defaulted or delayed payment as prescribed hereinabove, calculated till date of issuance of cancellation/termination letter (as may be applicable). Upon cancellation, the Allottee(s) shall cease to have any right of whatsoever nature in the Residential Unit. 13

14 (iv) The Developer shall exercise the said right of cancellation/ termination of the said Allotment Letter mentioned in Clause 6 (b) (ii) hereinabove in the following manner: a) Upon non receipt of payment within due date, the Developer shall issue a notice to the Allottee(s) to pay the amounts due within 60 (Sixty) days of due date. The Allottee(s) shall be liable to pay the due amounts with interest accrued thereon as prescribed under Clause 9(b) hereunder. b) Upon non-payment of due amounts by the Allottee(s) even after expiry of 60 (sixty) days of notice, the Developer shall in its sole, absolute and unfettered discretion be entitled to cancel/ terminate the Allotment Letter and the allotment thereof. The Developer will issue a cancellation/ termination letter without any further notice to the Allottee(s). c) Upon the cancellation and termination of the allotment of the Residential Unit, the Allottee(s) shall not have any right title or interest with respect to the Residential Unit and the Developer shall be at a liberty to sell or otherwise dispose off the Residential Unit to any other person/party whomsoever, at such price, in such manner and on such terms and conditions as the Developer may in its sole, absolute and unfettered discretion think fit and proper and the Allottee(s) have no objection or dispute in this regard. The Allottee(s) hereby indemnify and keep indemnified the Developer against any loss, claim or damages raised against the Developer in future by any person in these regards. d) Application containing false or misleading information and documents known to the Allottee(s) are liable to be summarily rejected and allotment shall stand cancelled whenever such defect are detected at any point of time even if allotment has been made. Upon such cancellation, the installments paid will be refunded without any interest subject to forfeiture as stated in clause 6(b). e) Upon cancellation/termination of the allotment of the Residential Unit, the Allottee(s) shall not be entitled for refund of stamp duty, registration fee paid to the authority and taxes, levies, charges etc. f) In the event, if the Agreement is executed and registered then in that event, the Applicant agrees and undertakes to execute a Deed, Document, or Writing including the Cancellation Deed to cancel the Agreement, the balance amount, if any shall be paid to the Applicant only upon the cancellation of the Agreement and/ or receipt of the Cancellation Deed, Documents, writings as aforesaid. 7A. SALE PRICE: 7A.(a) Payment: Sale Consideration indicated in the Price & Payment Schedule shall be paid as per Annexure-A. Sale Consideration as mentioned hereinabove is exclusive of all taxes, charges, levies, cess etc. which may be leviable by any appropriate authorities would include (but not limited to), taxes like value added tax, works contract tax, service tax, swachh bharat cess, krishi kalyan cess and any other tax, both present and future, or in any increase thereof, as may be applicable from time to time, shall be separately charged and recovered from the Allottee(s). 7A.(b) Taxes: The Allottee(s) hereby agree/s that, the Allottee(s) shall be to pay both VAT (under Haryana Value Added Tax Act) and Service Tax, swachh bharat cess, krishi kalyan cess and such other taxes, charges as may be applicable on transfer and sale of Residential Unit by the Developer to the Applicant. The Applicant would also be liable to pay interest/ penalty/ loss incurred to the Developer on account of Applicant s failure and/ or delay to pay VAT/ Service Tax and/ or all other taxes, levies, cess, statutory charges etc. which might be applicable, within 7(seven) days of being called upon by the Developer, without assigning any reasons for the same. The Allottee(s) further agree/s that the Allottee(s) shall be liable to pay any taxes, levies, statutory charges imposed by appropriate authorities applicable to transfer and sale of Residential Unit with retrospective effect, and if any recovery proceedings in consequence thereof are initiated. 14

15 It is further agreed by the Allottee(s) that the Allottee(s) shall before obtaining the possession of the said Residential Unit, pay the requisite amount of Haryana Value Added Tax, service tax if and any other tax (if applicable) or any other taxes, charges, cess, levies etc. levied by statutory authorities by time to time for construction/ sale of the Residential Unit to the Developer. In addition to the above, the Allottee(s) further agrees to pay Goods and Services Tax (GST) upon effective introduction of GST in India in lieu of VAT and Service Tax by the Government of India as may be applicable on the transaction of transfer and sale of Residential Unit by the Developer to the Allottee(s). 7A(c) Payment of Charges: Maintenance charges, deposits, electrical meter deposits/ connection infrastructure charges, water and sewer connection and infrastructure charges, infrastructure charges, documentation/legal charges, club house charges and any other charges/ deposits as may be applicable, shall be separately charged either by Developer or the maintenance agency appointed by it. The same is specified in the payment schedule more particularly mentioned in Annexure A. Amounts mentioned in the charges and outgoings are provisional and based on estimates. If there is any increase due to inflation, demand by statutory authority and/ or otherwise, any shortfall shall be paid by the Allottee(s). The said amount shall not be inclusive of consumption of water, fuel, powers etc. for the flat/ building/ unit/ Complex/ Project for common areas, electricity, facilities and amenities, which shall be separately payable by the Allottee(s) on a monthly basis to the Developer, without demur or delay thereof. 7B. VARIABLE PRICE: [Not applicable in case of escalation-free price option]: The Allottee(s) agree/s and understand/s that the consideration towards of the Residential Unit is interalia based on following factors i.e. the cost of materials and labour as on the end of the quarter in which the booking is received. However, if there is any increase or decrease in the cost of construction material and labour upto 2% (two percent) from the date of Application till the date of possession as may be mentioned in the Agreement then, the same shall be borne by the Developer. If there is any increase in the cost of construction material and labour beyond 2% (two percent) then the same shall be borne by the Allottee(s) and if there is any decrease in the cost of construction material and labour beyond 2% (two percent) then the same shall be refunded (or adjusted) by the Developer (hereinafter referred to as Escalation/Decrease Charges ). Computation of Escalation/Decrease Charges shall be based on the respective RBI indices published in the RBI bulletin. The respective RBI indices are: Steel - indices published as Steel - Long in the category of Basic Metals, Alloys & Metal Products. Cement - indices published as Cement & Lime in the category of Non-Metallic Mineral Products. Fuel & Power- indices published as Fuel & Power Other Building Construction materials - indices published as All Commodities in the Index Numbers of` Wholesale Prices in India. Labour - indices published as Consumer Price Index Numbers for Industrial Workers. a. Estimated Percentage of various cost component is as follows 1. Steel - 15% 2. Cement - 10% 3. Other Construction Material - 40% 4. Fuel and Power - 5% 5. Labour - 30% b. Escalation/Decrease Charges shall be computed at every quarter till handing over the possession. c. Prevailing indices at the time of booking shall be taken as opening indices. 15

16 d. Weighted average of all these quarters to be taken as the closing indices for computation of Escalation/Decrease Charges. e. Escalation/Decrease Charges shall be calculated on the overall cost of construction material and labour and not on the individual components mentioned hereinabove. f. The term Quarter shall mean period from January - March, April - June, July to September and October - December. g. The cost of construction for material and labour, etc is Rs. /-(Rupees only) per sq.ft. carpet area. It is agreed by the Allottee(s) that the date of possession is and calculation of the same is subject to force majeure. It is further agreed by and between the Allottee(s) and the Developer that amounts as contained in the Annexure A hereto out of the consideration of the Residential Unit shall be treated as the cost of construction material, fuel, power and labour. The Developer shall appoint a Chartered Accountant to independently verify the Escalation/Decrease Charges as computed by the Developer from time to time. Such verified Escalation/Decrease Charges shall be paid/refunded (or adjusted), as the case may be, by/to the Allottee(s) at the time of offer of possession of the Residential Unit to the Allottee(s). The calculation of the Escalation/Decrease Charges shall be done as per the formula appearing in the Annexure E. The verified Escalation/Decrease Charges, as intimated to the Allottee(s) shall be final and binding on the Allottee(s). The Allottee(s) agree/s and understand/s that any default in payment of the Escalation/Decrease Charges shall amount to a breach of the terms and conditions of this under the Application or the Agreement when executed. The possession of the Residential Unit shall not be handed over to Allottee(s) unless Escalation Charges are paid in full along with delayed interest, if any, as stipulated under the Application or the Agreement when executed. 7C. Possession Time and Compensation: The Developer shall endeavor to give possession of the Residential Unit to the Allottee(s) on or before the time period as mentioned in the Agreement but subject to force majeure circumstances and reasons beyond the control of Developer. In the event, possession of the Residential Unit is delayed beyond the period as mentioned in the Agreement for any reason mentioned there in, the Developer shall be entitled to extension of 6 [Six] months ( Extended Period ) for giving possession of the Residential Unit, failure to hand over possession beyond the Extended Period, in such an event, the Purchaser(s) shall be entitled to seek compensation from the expiry of the Extended 6% (six percent) per annum on the amounts paid till date towards the Sales Price (excluding stamp duty, registration fee, VAT, taxes, swachh bharat cess, service tax, krishi kalyan cess, any other cess etc. paid to the authorities, interest accrued on delayed payment of Sale Price, other charges and outgoings as mentioned in the Payment Schedule) of the said Residential Unit. The aforesaid compensation or any compensation for delay so whatsoever nature, shall be payable till date of receipt of Occupation Certificate or any other certificate required for occupation of the said Residential Unit ( OC Date ) issued by DTCP, Haryana and/or any other competent authority. Such compensation shall be payable directly to the Applicant(s) who is making this Application Form, if he continues his booking until the said OC Date. However, the compensation shall not be paid: a) For the period of delay caused in getting essential infrastructure facilities such as electricity, water supply etc. beyond the extension in case of force majeure circumstances as mentioned hereinabove, and /or b) For the period of delay caused in getting snags, improvements, rectifications etc. which may be requested by the Allottee(s) during inspection of the said Residential Unit, and/or 16

17 c) If Allottee(s) commit/s any breach of terms and conditions contained herein, and/or d) For the period of delay caused on account of Force Majeure conditions as detailed below. However, the compensation shall not be paid in case of any one of the following Force Majeure events: a) For any delay in getting essential infrastructure facilities internal and/or external the Complex or the said Land, b) Delays from government authorities/ agencies in providing the essential services like roads, sewerage, water, drainage etc. c) Snags, improvements, rectifications etc. which may be requested by the Allottee(s) during inspection of the Residential Unit The aforesaid maintenance charges d) Construction of other phases or construction of infrastructure or common amenities, services, landscape, community center and club house to complete the Project. e) Non-availability of common amenities, services, landscape, community center and club house at the time of possession or after receipt of possession f) If the Allottee(s) commits any breach of terms and conditions contained herein or the Agreement [when executed] by the Allottee(s), and/or g) If the Allottee(s) fails to take possession within Thirty (30) days from the date of intimation in writing by Developer. In the event of Allottee(s) fail to take over and/ or occupy the Residential Unit within the timeline as mentioned in the intimation in writing by the Developer, then the same shall lie at his/her/their risk and cost, and Allottee(s) shall be liable to pay 1.25 times of the maintenance charges from date of offer of possession by the Developer to take possession of the Residential Unit till the Allottee(s) takes actual possession of the Residential Unit. The aforesaid 1.25 times of maintenance charges shall be over and above the interest payable for delay payments by the Allottee under this Application Form/Agreement. The Residential Unit shall be considered as ready from the date of receipt of Occupation certificate or any other certificate required for occupation from the Appropriate Authorities. Post receipt of Occupation certificate or any other certificate required for occupation from the Appropriate Authorities, any snags, improvements, rectifications etc. which may be requested by the Allottee(s) will be considered under Defect Liability period. The aforesaid maintenance charges interalia include any cost towards the maintenance of Residential Unit. Inspite of repeated reminders by the Developer, in the event of failure of the Allottee(s) to come forward to take upon physical possession of the said Apartment post 60 days from date of Offer of Possession, it shall be deemed that the Allottee(s) has taken possession of the said Residential Unit voluntarily at his own accord. 8. PARKING SPACES FOR RESIDENTIAL UNIT: a) Car parking facility will be provided in the Complex subject to availability on first come first serve basis. Earmarking of parking space/s shall be governed by the scheme of development which will be detailed out in the Agreement to be executed. Once the car parking space has been earmarked, no request for change in car parking spaces shall be accepted from the Allottee(s). b) Earmarking of specific parking space will be done at the time of giving possession of the Residential Unit. Each earmarked parking space will entitle the Allottee(s) to park one four wheeler/ two wheeler vehicle only. The earmarked parking space under no circumstances is transferable without the Residential Unit. Parking spaces un-earmarked if any, shall continue to remain the sole property and in possession of the Developer, to the exclusion of all other occupants in the complex. It shall be the discretion of Developer to use the un-earmarked parking spaces as it may deem fit and proper. 17

18 9. TIME OF PAYMENT OF ALLOTMENT MONEY/INSTALLMENTS AND OTHER DUES: a) It shall be incumbent on the Allottee(s) to comply with the terms of payment in respect of the Residential Unit and any other sums payable as per the terms and conditions under the General Terms & Conditions. Timely payment shall be the essence of each transaction. b) Payment of instalment, and all other dues shall have to be made within due dates as mentioned in the demand letter(s) issued by Developer from time to time requesting for such payments. Payment within time would be deemed to be essence of the term of allotment. Part payments shall not be accepted. The Developer may, at its sole option and discretion case to case basis, waive in writing any breach by the Allottee(s) for not making payments as per the Price and Payment Schedule annexed hereto as Annexure A, with the prior condition that the Allottee(s) shall be liable to pay interest on the amount due as under: i. 15% (Fifteen Percent) per annum shall be paid on the amount due which shall be calculated for the first period of 60 days from the date on which the amount was due till the date of payment (both days inclusive). ii. 18% (Eighteen Percent) per annum shall be paid on the amount due which shall be calculated for the period beyond 60 days from the date on which the amount was due, till the date of payment (both days inclusive). It is made clear and so agreed by the Allottee(s) that exercise of discretion by the Developer in case of one Allottee(s) shall not be construed to be a precedent and/or binding on the Developer to exercise such discretion in the case of other applicant/s. All payments received will be first adjusted towards the taxes charges, levies etc. due and payable on previous instalments, thereafter towards the current instalment due along with taxes as may be applicable to the current instalment and finally towards interest accrued on delayed payments. 10. TRANSFER OF RESIDENTIAL UNIT AND TRANSFER FEE: a) Until lease/conveyance of the said Building and the said Land in favour of the Organisation, the Allottee(s) agrees that as and when he/she/they decide to sell their said Residential Unit, then in that event, the Allottee(s) shall offer the same to the Developer who shall have the right of first refusal to purchase said Residential Unit at the consideration mutually agreed between his/her/them at that point of time. The Allottee(s) shall therefore be prohibited from selling the said Residential Unit to any third party until and unless the Developer has refused to purchase the same on the offer made to it by the Allottee(s) in terms of this clause. b) The Allottee(s) cannot transfer the allotment in favour of a third party for 24 (twenty four) months from the date of allotment of the Residential Unit. Transfer of allotment may be permissible after 24 (twenty four) months subject to written approval by the Developer, who may at its sole discretion permit the same on payment of administrative charges calculated at the rate of 1% ( One Percent) of the Sale Price (taxes extra) and any other administrative charges as may be fixed by the Developer and such transfer shall be permitted upon the Allottee(s) providing necessary affidavit/ undertaking/request for transfer or any other document and on such terms and conditions and guidelines as it may deem fit by the Developer. Stamp duty and registration charges as applicable on such transfer shall be paid by the Allottee(s)/ third party transferee. Such transfer may be allowed only subject to the Allottee(s) clearing all pending dues, purchase consideration/ Sale price, charges, taxes, levies etc that shall be due and payable to the Developer on the date of submission of the request application. In event of transfer, Allottee(s) along with the third party shall execute and register necessary deeds and documents. Such third party shall abide by all such obligation of the Allottee(s) under this Application Form and the Agreement. Save and except what is mentioned above, it is mutually agreed between the parties hereto that during pendency of the application for receipt of Occupation Certificate for the said Complex applied before the concerned authorities (as intimated by the Developer) no third party rights/ transfer shall be created by the Applicant(s) on the said Residential Unit during such period and until 90 days post acceptance of possession of the said Residential Unit by the Applicant(s). 18

19 However, the Allottee(s) agree/s and undertake/s to execute / register the Agreement in view of the changes by properly entering into Deeds/s, documents and writings in case the Agreement is already executed / registered before effecting the transfer as aforesaid. c) However, anytime after allotment of the Residential Unit transfer fees of Rs.10,000/- (Rupees Ten Thousand only) [taxes extra] shall be payable in case such transfer is in favour of the spouse or child, parents or brother or sister of the either Allottee(s) and the Allottee(s) shall be solely responsible at their cost, for execution/ registration of such documents to effect such transfer post approval of the Developer. However, for such transfer, the permission from both the Joint Applicant/s is mandatory, if any. d) Anytime after allotment and before the execution of the Agreement in respect of the Residential Unit, the inclusion/ deletion of the name/s of the spouse or child, parents or brother or sister of the original Applicant as new Joint Applicant or change of Joint Applicant or swapping/ interchanging between the First and Second/ Joint Applicant is permissible subject to charges of Rs.10,000/- (Rupees Ten Thousand only) [taxes extra]. e) The request for transfer, inclusion, deletion or swapping between the Allottee(s) as mentioned in clause No. 10(c) and 10(d) shall be allowed subject to clearing all the sums that shall be due and payable to the Developer on the date of submission of the request application and along with execution of all such documents, papers, undertakings, indemnities, affidavits necessary for such transfer. The Allottee(s) shall be solely responsible for any government levies, taxes, liabilities, penalties etc. arising from such transfer. 11. DOCUMENTATION FOR TRANSFER: 11.(a) Execution of Agreement: It will be the Developer s endeavor to execute and register the Agreement to Sell/ Apartment Buyer s Agreement/ Agreement for Sale/ Sale Deed for the Residential Unit within the Complex before handing over possession of the Residential Unit. The Agreement / Sale Deed will be drafted by the Solicitors/ Advocates of the Developer and shall be in such form and contain such particulars as be approved by the Developer. No request for any changes, whatsoever, in the Agreement /Deed of transfer will be entertained. 11.(b) Registration of Agreement/Sale Deed: In case, the Allottee(s) fails or neglects to get the Agreement / Sale Deed registered within the date notified, physical possession of the Residential Unit to the Allottee(s) may be withheld by the Developer and penalty if any payable under relevant laws for delay in completion of the registration of Agreement/Sale Deed will be payable by the Allottee(s) till the registration of the Agreement/Sale Deed is completed. The Developer shall have the right to cancel the allotment in case the Allottee(s) fails to have the Agreement / Sale Deed registered within 15 (fifteen) days from the date notified to the Allottee(s). Upon such cancellation, the amounts received from the Allottee(s) may be refunded without any interest as per deduction of applicable charges as stated in clause 6(b). 11.(c) Stamp Duty and Registration Charges: The Allottee(s) will be required to pay, on demand, the Developer or to the concerned authorities, as may be so decided by the Developer, the applicable stamp duty & registration charges for registration of the Agreement and/or Sale Deed of their respective Residential Unit. 12. GENERAL: a) Verification of title: The Allottee(s) has/have verified and is/are satisfied with the documents/deeds, which entitles the Developer to allot the Residential Unit, and such allotment of the Residential Unit to the Allottee(s) shall be made by the Developer on the terms and conditions as contained herein. It is understood that the Applicant(s) has/ have applied for allotment of the Residential Unit with full knowledge of all the 19

20 law/ notifications and rules applicable to the said Complex and project area, which have been fully understood by the Applicant(s). b) It is understood that the Applicant has applied for allotment of a Residential Unit for residential use and purpose only. The Allottee(s) agree/s to abide by the terms and conditions set forth in the Allotment Letter and the Agreement and also agree/s to sign the Agreement formally accepting the terms of sale and the Allottee(s) agree/s to comply with all statutory requirements as applicable. c) This Application is a mere request by the Allottee(s) for the allotment of the Residential Unit in the Project and the Developer reserves the right to accept or refuse the allotment of Residential Unit without assigning any reason whatsoever. d) It is clarified by the Developer that any benefit, deferment, waiver, compensation etc. of any pecuniary nature which is agreed and/ or which may arise under this transaction shall be solely for the benefit of the Applicant(s) hereto and cannot be transferred, exchanged, adjusted and assigned to any third party, transferee, assignee etc. in future. e) The Applicant(s) shall from time to time sign all applications, papers, documents, maintenance agreement, electricity agreement and other relevant papers, as required, in pursuance to the allotment and to do all acts, deeds and things as the Developer may require in the interest of the complex and Apartment owners. In case of Joint Applicant, any document signed/accepted/ acknowledged by any one of the Allottee(s) shall be binding upon the other Applicant. f) Group Housing license bearing No. 105 of 2011, dated 11th December, 2011 and additional license bearing no 85, 86 of 2012 dated 29th August, 2012 has been obtained. The Developer at its sole discretion shall have the right to effect suitable and necessary alterations in the zoning plan, layout plan, master plan, landscape and common amenities plans and/ or specifications, EWS etc. as and when required due to sanction/ revision of building plans, technical reasons, site conditions, consumer market demands or any other reasons, which may involve all or any of the changes, such as, increase/decrease in size, change in floor-plan, layout, change in its number etc. However, if there is any increase/ decrease in the areas, the differential amount will be adjusted/ payable on pro rata basis. g) The Allottee(s) shall not hold the Developer responsible or liable for any representation made by the Developer in regards to the said Complex, Project, building, unit etc. mentioned in the brochures, advertisements, commercials etc. as they may be illustrative and temporary in nature and that the final plans are to be provided at the time of execution and registration of the Agreement. h) If at any time in future any additional FAR is available in the said Land in any manner whatsoever, then the Developer shall have the exclusive right to utilize the same for further construction in the new building/project or in any other complex/development if permissible under applicable laws. In such a situation, the proportionate share of Allottee(s) in the said Land and/or in the Common Areas shall stand varied accordingly. The Allottee(s) has no objection and the Allottee(s) have given his/her/their consent to such construction by the Developer. i) The said Complex is part of a large group housing colony Project. The said Complex and/or Project may not have the infrastructure in place as on the date of booking or at handing over of possession as the same is to be provided by the Government /nominated government agency. Since this is beyond the control of Developer, therefore, the Allottee(s) shall not claim any compensation for delay/ nonprovision of infrastructure facilities in the said Complex and/or Project. There are some undermined areas in the said Complex and/or Project, which can be developed and sold to other parties in future by Developer. j) It is agreed by and between the parties that due to any change in act, rules, regulations or any stipulations, there is any change in the structure of agreement all the recommendations which need to be incorporated shall be so incorporated in agreement/ or a revised agreement and the Allottee(s) have no objection to the same as long as the transaction to said Residential Unit applied for and other terms and conditions remain the same. It may involve restructuring/ or rewriting of the Agreement with revision of method, terms or price payable on any other basis for compliance of the terms, act, bye 20