ANNEXTURE ’1’ MODEL FORM OF ALLOTMENT LETTER Note:- i) For compliance of the provisions of Clause(g) of sub–section (2) of section 4 of the Real Estate (Regulation and Development) Act 2016 (the Act),the proforma of the allotment letter to be uploaded along with the application for registration of the real estate project shall be as per this model form of the allotment letter. ii) It shall be mandatory to issue allotment letter in this format whenever a sum not more than 10 %( ten per cent) of the cost of the apartment, plot or building as the case may be, is collected as deposit or advance. No. Date: To, Mr / Mrs / MS. ……………………………………………….. R/o ……………………………………………………………. (Address) Telephone/ Mobile No. Email ID: Sub: Your request for allotment of Flat / Commercial premises / Plot in the project known as ----------------------, Having MahaRERA Registration No. ----------------------, Sir / Madam, 1. ALLOTMENT OF THE SAID UNIT: This has reference to your request referred at the above subject. In that regard, I / We have the pleasure to inform that you have been allotted a ---- BHK flat /villa / bungalow / commercial premises bearing No. ------ Admeasuring RERA Carpet area------------- sq. mtrs Equivalent to -------- sq.ft. situated on ------ floor in the building ------- / Tower / -------- / block -------- / wing -------- in the project known as ---------------- having MahaRERA registration No.----------------------- ---, hereinafter referred to as “the said unit”, being developed on land bearing S.S.No(s)---------- / CTS No(s)- ------- / Final Plot No(s)------- /Survey No(s)--------/ Hissa(s)----------/ Gat no(s) --------/ Khasra No(s)-- ----------/ Plot No(s) -------------- lying and being at ------------ Village ------------------------ Taluka ------------------ --, Dist.----------------------- admeasuring sq. mtrs. For total consideration of Rs. (in figure) ------------------------ (in words---------------------------only) exclusive of GST, stamp duty and registration charges. OR 1. ALLOTMENT OF THE SAID UNIT: This has reference to your request referred to at the above subject. In that regard, I/We have the pleasure to inform that you have been allotted a ---- BHK flat /villa / bungalow / commercial premises bearing No. ------ Admeasuring RERA Carpet area------------- sq. mtrs Equivalent to -------- sq.ft. situated on ------ floor in the building ------- / Tower / -------- / block --------- / wing -------- in the project known as -------- -------- having MahaRERA registration No.--------------------------, hereinafter referred to as “the said unit”, being carved out from the land bearing S.S.No(s)---------- / CTS No(s)-------- / Final Plot Nos (s)------- /Survey No(s)--------/ Hissa(s)----------/ Gat no(s) --------/ Khasra No(s)------------/ Plot No(s) ----------- --- lying and being at ------------ Village ------------------------ Taluka --------------------, Dist.----------------------- admeasuring --------------- sq. mtrs. For a total consideration of Rs. (in figure) ------------------------ (in words----------- ----------------only) exclusive of GST, stamp duty and registration charges. 2. Allotment of garage/ covered parking space: Further I/ we have the pleasure to inform you that you have been allotted along with the said unit, garage/covered car parking space at __________ level basement/podium /stilt /mechanical car parking unit bearing No._________ admeasuring__________ sq. ft. having __________ ft. length x ________ ft. vertical clearance on the terms and conditions as shall be enumerated in the agreement for sale to be entered into between ourselves and yourselves. OR 2. Allotment of open car parking: Further / we have the pleasure to inform you that you have been allotted an open car parking bearing …..No.____________ having ___________ ft. length x ________ ft. breadth without consideration." 3. RECEIPT OF PART CONSIDERATION: I / We have confirm to have received from you an amount of Rs. (In figures) ------------------------- (in words---------------------------only), (this amount shall not be more than 10% of the cost of the said unit) being -------- % of the total consideration value of the said unit as booking amount / advance payment on dd/mm/yy through mode of payment . OR 3. RECEIPT OF PART DECLARATION: A. You have requested us to consider payment of the booking amount / advance payment in stages which request has been accepted by us and accordingly I / We confirm to have received from you an amount of Rs.(in figures) -------------------------(in words--------------------------------------only) being ------------ % of the total consideration value of the said unit as booking amount / advance payment on dd/mm/yy____, through mode of payment . The balance _______ % of the booking amount / advance payment shall be paid by you in the following manner. a) Rs.(in figures)_____________________(Rs.in Words _________________________only) On dd/mm/yy___ b) Rs.(in figures)_____________________(Rs.in Words ________________________only) On dd/mm/yy____ c) Rs.(in figures)_____________________(Rs.in Words _________________________only) On dd/mm/yy____ d) Rs.(in figures)_____________________(Rs.in Words _________________________only) On dd/mm/yy____ Note: The total amount accepted under this clause shall not be more than 10% of the cost of the said unit. B. If you fail to make the balance ___________ % of the booking amount /advance payment within the time period stipulated above further action as stated in clause 12 hereunder written shall be taken by us as against you. 4. DISCLOSURES OF INFORMATION: I / We have made available to you the following information namely:- i) The sanctioned plans, layout plans, 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 here with and iii) The website address of MahaRERA is https://maharera.mahaonline.gov.in/# 5. ENCUMBRANCES: I / We hereby confirmed that the said unit is free from all encumbrances and I / we hereby further confirm that no encumbrances shall be created on the said unit. OR 5. ENCUMBRANCE: I / We have created the following encumbrance(s) / encumbrance(s) attached with caveats as enumerated hereunder the said unit. a) b) c) 6. FURTHER PAYMENTS: Further payments towards the consideration of the said unit as well as of the garage(S) / covered car parking space(s) shall be made by you, in the manner and at the time 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 unit along with the garage(s) /covered car parking space(s) shall be handed over to you on or before subject to the payment of the consideration amount of the said unit as well as per the terms and conditions as more specifically enumerated / stated in the agreement for sale entered into between ourselves and yourselves. 8. INTEREST PAYMENT: In the case of delay in making any payments, you shall to 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 desire to cancel the booking an amount mentioned in the table hereunder written* would deducted in the balance amount due and payable shall be refunded to you without interest in 45 days from the date of the receipt of your letter requesting to cancel the said booking. Sr.No. If the letter requesting the cancel the Amount to be booking is received, deducted 1. Within 15 days from the issuance of Nil; the allotment letter; 2. Within 16 to 30 days from the 1% of the cost of the issuance of the allotment letter; said unit; 3. Within 31 to 60 days from the 1.5% of the cost of the issuance of the allotment letter; said unit; 4. After 61 days from the issuance of 2% of the cost of the the allotment letter; said unit. *The amount shall not exceed the amount as mentioned in the table above. ii. In the event amount due payable referred in the clause 9 i. Above is not refunded within 45 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 such other payments as more specifically mentioned in agreement for sale, the proforma whereof enclosed herewith in terms of Clause 11 hereunder written is. 11. PROFORMA OF THE AGREEMENT FOR SALE AND BINDING EFFECT: The proforma of the agreement for sale to be entered 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 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 the registration of the same before the concerned Sub-Registrar within a period of 2 months from the date issuance of this letter or within such a period as may be communicated to you.* The said period of the two months can be further extended on our mutual understanding. * In the event booking amount is collected in stages and if the allottee fails to pay the subsequent stage instalment, the promoter shall serve upon the allottee a notice calling upon calling upon the allottee to pay the subsequent stage instalment within 15 (fifteen) days which if not complied, the promoter shall be entitled to cancel this allotment letter. On cancellation of the allotment letter the promoter shall be entitled to forfeit the amount paid by the allottee or such amount as mentioned in the Table enumerated in clause 9 whichever is less. In no event the amount to be fore fitted shall exceed the amount mentioned in the above mentioned table. Except for the above all the terms and conditions as enumerated in the allotment letter shall be applicable even for cases where booking amount is collected in the stages. ii) If you fail to execute the agreement for sale and appear for registration of the same before the concerned Sub-Registrar with in the stipulated period 2 months from the date of issuance of this letter or within such period as may be communicated to you, I / We shall be entitled to serve upon you a notice calling upon you to execute the agreement for sale appear for registration of the same within 15 (fifteen) days, which if not complied, I / We shall be entitled to cancel this allotment letter and further I / We shall be entitled to forfeit an amount not exceeding 2% of the cost of the said unit and the balance amount if any due and payable shall be refunded without interest in 45 days from the date of expiry of the notice period. iii) In the event balance amount due payable referred in Clause 12 ii) above is not refunded in 45 days from the date of expiry of the notice period, you shall be entitled to receive the balance amount with interest calculate at the rate which shall be the State Bank of India highest Marginal Cost of Lending Rate plus two percent. 13. VALIDITY OF THE ALLOTMENT LETTER: This allotment letter shall not be construed to limit your rights and interest upon execution and registration of the agreement for sale in between ourselves and yourselves. Cancellation of allotment of the said unit 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. Signature: - …………………………………………… Name: - …………………………………………………. (Promoter(s) / Authorized signatory) (E Mail ID.) Date: - …………………… Place: - ………………….. CONFIRMATION & ACKNOLEDGEMENT I / We have read the understood contents of this allotment letter and the Annexure. I / We hereby agree and accept the terms and conditions as stipulated in this allotment letter. Signature ………………………….. Name ………………………………….. (Allottee/s) Date……………………….. Place………………………. Annexure – A Stage wise time schedule of completion of the project Sr. No. Stages Date of completion 1 Excavation 2 Basement (if any) 3 Podiums (if any) 4 Plinth 5 Stilt (if any) 6 Slabs of super structure 7 Internal walls, internal palster,complitions of floorings, Doors and Windows 8 Sanitary Electrical and Water Supply Fittings Within the Said Units 9 Staircase, Lifts Wells and Lobbies at Each Floor Level Overhead and Underground Water Tanks 10 External Plumbing and External Plaster, Elevation, Completion of terrace with Waterproofing, 11 Installation of Lifts, Water Pumps, Fire fighting Fittings and Equipment, Electrical Fittings, Mechanical Equipment, Finishing to Entrance Lobby/s, Plinth Protection, Paving of Areas Appurtenant to Building / Wing, Compound Wall and All Other Requirements as May be Required to Complete Project as Per Specifications in Agreement of Sale, any Other Activities 12 Internal Roads and Footpaths, Lighting 13 Water Supply 14 Sewerage (chamber, Lines, Septic Tank,STP) 15 Storm Water Drains 16 Treatment and Disposal of Sewage and Silage Water 17 Solid waste Management and Disposal 18 Water Conservation / Rain Water Harvesting 19 Electrical Meter Room, Sub-Station, Receiving Station 20 Others