NO. Date: To, Mr./Mrs./Ms. Resident of (Address) Telephone/Mobile No. Pan Card No.: Aadhaar Card No.: Email ID: Subject: Your request for allotment of Shop/Office/Commercial Space in the project known as Royal Estate, having MahaRERA Registration No. . Sir/Madam, 1. Allotment of the Shop/Office/Commercial Space: This has reference to your request referred at the above subject. In that regard, we have the pleasure to inform that you have been allotted an Shop/Office Space No. admeasuring about ____ Sq. Mtrs. Carpet Up Area / Sq. Mtrs. Built Up Area/ Sq. Mtrs. Super Built-Up Area on _ _ Floor of the Building No. (Wing „ ‟) in the Scheme known and styled as “Royal Estate” to be constructed on Land admeasuring ______ Sq Mtrs. Address:- Situated at Survey No.62/2 in Mauza Masala, Village Masala (CT) Tah & District Wardha-442001. together with % undivided share and interest in the said piece of project land and all other easementrary rights appurtenant and belonging thereto, and also including the proportionate share in the common areas and facilities provided to the said building and the Scheme (Hereinafter called to and referred as the said „Shop/Office/Commercial Space‟) for total consideration of Rs. /- (Rupees____ Only) exclusive of GST, Stamp Duty and Registration Charges. 2. Allotment of Covered parking space: (THIS CLAUSE IS NOT APPLICABLE TO OUR PROJECT AS WE HAVE APPLIED FOR LAYOUT PROJECT) 1 3. Receipt of part consideration: We confirm to have received from you an amount of Rs. (Rs. only), being % of the total consideration value of the said Shop/Office Space/Commercial Space as booking amount /advance payment on / / , through 4. Disclosures of information: We have made available to you the following information namely: - i) The sanctioned plans, layout plan, along with specifications, approved by the competent authority are displayed at the project site and has also been uploaded on MahaRERA website. ii) The stage wise time schedule of completion of the project, including the provisions for civic infrastructure like water, sanitation and electricity is as stated in Annexure - A attached herewith and iii) The website address of MahaRERA is https://maharera.mahaonline.gov.in/# 5. Encumbrances: We hereby confirm that the said Shop/Office/Commercial Space is free from all encumbrances and we hereby further confirm that no encumbrances shall be created on the said Shop/Office/Commercial Space. OR We have created the following encumbrance(s) / encumbrance(s) attached with caveats as enumerated hereunder on the said Shop/Office/Commercial Space. a) b) c) 2 6. Further payments: Further payments towards the consideration of the said Shop/Office/Commercial Space as well as of the covered car parking space shall be made by you, in the manner and at the times as well as on the terms and conditions as more specifically enumerated / stated in the Agreement for sale to be entered into between ourselves and yourselves. 7. Possession: The said Shop/Office/Commercial Space along with the covered car Parking space shall be handed over to you on or before subject to the payment of the consideration amount of the said Shop/Office/Commercial Space as well as of the covered car parking space in the manner and at the times as well as per the terms and conditions as more specifically enumerated / stated in the Agreement for Sale to be entered into between ourselves and yourselves. 8. Interest payment: In case of delay in making any payments, you shall be liable to pay interest at the rate which shall be the State Bank of India highest Marginal Cost of Lending Rate Plus two Percent. 9. Cancellation of allotment: i) In case you desire to cancel the booking an amount mentioned in the Table hereunder written would be deducted and the balance amount due and payable shall be refunded to you without interest within 45 (Forty Five) days from the date of receipt of your letter requesting to cancel the said booking. S If the letter requesting to cancel Amount to deducted r the booking is received . N o . 1 Within 15 days from issuance of Nil; the allotment letter; 2 Within 16 to 30 days from 1% of the cost of the issuance of the allotment letter; saidShop/Office/Commercial Space; 3 Within 31 to 60 days from 1.5% of the cost of the said issuance of the allotment letter; Shop/Office/Commercial Space; 4 After 61 days from issuance of 2% of the cost of the said the allotment letter. Shop/Office/Commercial Space. The amount deducted shall not exceed the amount as mentioned in the table 3 above. In the event the amount due and payable referred in Clause 9 (i) above is not refunded within 45 (Forty Five) days from the date of receipt of your letter requesting to cancel the said booking, you shall be entitled to receive the balance amount with interest calculated at the rate which shall be the State Bank of India highest Marginal Cost of Lending Rate Plus two Percent. 10. Other payments: You shall make the payment of GST, stamp duty and registration charges, as applicable and such other payments as more specifically mentioned in the Agreement for Sale, the Proforma whereof is enclosed herewith in terms of Clause 11 hereunder written. 11. Proforma of the Agreement for Sale and binding effect: The proforma of the Agreement for Sale to be entered into between ourselves and yourselves is enclosed herewith for your ready reference. Forwarding the proforma of the Agreement for Sale does not create a binding obligation on the Part of ourselves and yourselves until compliance by yourselves of the mandate as stated in Clause 12. 12. Execution and registration of the Agreement for Sale: i) You shall execute the Agreement for Sale and appear for registration of the same before the concerned Sub-Registrar within a period of 2 (Two) months from the date of issuance of this letter or within such period as may be communicated to you. The said period of 2 (Two) months can be further extended on our mutual understanding. ii) lf you fail to execute the Agreement for Sale and appear for registration of the same before the concerned Sub-Registrar within the stipulated period 2 (Two) months from the date of issuance of this letter or within such period as may be communicated to you, we shall be entitled to serve upon you a notice calling upon you to execute the Agreement for Sale and appear for registration of the same within 15 (Fifteen) days, which if not complied, we shall be entitled to cancel this allotment letter and further we shall be entitled to forfeit an amount not exceeding 2% of the cost of the said Shop/Office/Commercial Space and the balance amount if any due and payable shall be refunded without interest within 45 (Forty Five) days from the date of expiry of the notice period. iii) In the event the balance amount due and payable referred in Clause 12 (ii) above is not refunded within 45 (Forty Five) days from the date of expiry of the notice 4 period, you shall be entitled to receive the balance amount with interest calculated at the rate which shall be the State Bank of India highest Marginal Cost of Lending Rate plus two percent. 13. Validity of allotment letter: This allotment letter shall not be construed to limit your rights and interest upon execution and registration of the Agreement for Sale between ourselves and yourselves. Cancellation of allotment of the said Shop/Office/Commercial Space thereafter, shall be covered by the terms and conditions of the said registered document. 14. Headings: Headings are inserted for convenience only and shall not affect the construction of the various Clauses of this allotment letter. Shri Firoz S/o Faruk Husain Shri Keshavbhai S/o Jadavbhai Paghadal (Promoter and Authorised Signatory) (Promoter and Authorised Signatory) Date : ……………………………………. Place : Nagpur CONFIRMATION & ACKNOWLEDGEMENT We have read and understood the contents of this allotment letter and the Annexure. We hereby agree and accept the terms and conditions as stipulated in this allotment letter. Signature Name (Allottee/s) Date : …………………. Place : ………………… 5 ANNEXURE – A Stage wise time schedule of completion of the project Sr. Stages Dateof NO. Completion 1 Internal roads & footpaths ,lighting 2 Watersupply 3 Sewerage (chamber,lines,septictank,STP) 4. Storm water drains 5. Treatment and disposal of sewage and sullage water 6. Solid waste management & disposal 7 Waterconservation/rain waterharvesting 8 Others Shri Firoz S/o Faruk Husain Shri Keshavbhai S/o Jadavbhai Paghadal (Promoter and Authorised Signatory) (Promoter and Authorised Signatory) 6