(Hereinafter referred to as 'Allottee') Subject: Allotmenr of Residenrial / Commercial Unit No....... .... in the project knorn under the namc Soiraj Sky CourtApartm€trt situated at Village Nashik Talula and DislrictNashik. Reference : Booking Form (Application) No... ...... Details ofApplicant and Unit allotted are as hereunder: Full name ofAllottee (Applicanr) Pull name of Joint Allottee (Co- Applicant) (ifany) Allottee's and Joint Allottee's (if applicable) Residential Address (Permanent) E-mail ID for correspondence UnitNo. Name ofBuilding FloorNo. Type ofunit Carpet Area Area ofBalcony Spac€/s (ifany) Area of attached Terace/s (ifany) Area of Garden Space,us (ifany) Common Area./s (ifany) *Note: Any change in the personal details of the Allottee andlor joint Allottee has to be intimated to the Developer for updation of its records in a Prompt mannei It is our pleasure to inform you that the Unit booked by you via the aforementioned Booking (Application) Fomi and thus provisionally allotted to you is now being finalized subject to the terms and conditions as stated in these presents and as are appearing hereunder: Termsand Conditions 1. Upon issuance ofthis Letter ofAllotment, tle Allottee andlor joint Alloftee shall be liable to pay the aforesaid Consideration Value ard the Apartments and Other Charges as specified in Annexure ,,B,' hereto together tvith the applicable government tax€s and levies as peathe Schedule of Payments specified in Annexure,,A" hereunder, time being the essence of this transaction as envisaged herein. 2. The Allottee and/or joint Allottee shall, in relation to the Unit, male all payments to the Developer from his/herlits own bank account and not from and tbrough the bank accoults of any third parties. lf in the event such third party bank accounts are used the AUottee andlor joint Allottee, helshe/irthey alone shall be responsible and liable in relation to the payments made by any third parties. Notwithstanding the aforesaid, the receipts fol the payments made in relation to the Unit shall be issued in favour ofthe Allottee and/o.joint Allottee only. 3. The Allottee and,/orjoint Allottee agrees and undertakes to be bound by and perform all the obligations and the terms and conditions contained in the Booking (Application) Form and this Letter of Allotment, including timely payment of amounts stated hereunder. 4. In the event the Allottee and./or joint Allottee fails or neglects to comply with any of his obligations under the Booking (Application) Forrn/Letter of Allotmenq including (but not limited to) making payment of all due anounts as per Schedule of payments stated in Annexure 'A"hereto (and interest thereon, if ary) the Allottee and/or joint Allottee shall be deemed to be in default. In the event of such defaulg the Developer shall issue notice to the Allottee andlor joint Allottee of such default and the Allottee andlor joint Alloftee shall be provided with a turther period of 15 days from the date ofsuch notice to cure the said default. In the event the Allottee andlor joint Allottee fails to cure such default within 15 days from the date of notic€ of such default (or such default is not capable of being cured), the Developer shall rcserve the option to cancel the allotment ofthe Unit, by sending a termination letter by Speed post and/or email correspondence. On such termination, the following shall apply: a) The allotment/booking./Agreement to Sell for the Unit(s) shall stand immediately terminated ard the Alloftee shall have no right whatsoever with respect to the Unit(s), save and except the dght to receiveRefiind Amount as per (b) below. b) All amounts paid to the Developer by the Altottee towards Consideration Value or part thereof (excluding interest and ta\es thereon) after deducting thereftom the Liquidated Darnages amounting to I0% of the Total Consideration C.Refund Amount,') shall be refunded. The payment of rhe Retund Amount shall be subject to deduction thereon of ta)( at source and,/or other applicable government levies and taxes be they direct or indirect in nature. For sake of clarity, the interest and./or taxes paid on the Consideration Value shall not be refunded upon such cancellation,/termination. In the event the amounts paid by the Allottee andlorjoint Allottee towards Consideration Value is less than the Liquidated Damages, the Alloftee and/or joint Allottee shall be liable and agrees to pay to the Developer the deficit amount of Liquidated Damages. 5. All overdue payments shall attract interest at 2% + prevailing SBI MCLR rate, from the dates they are due and payable till realization. lt is clarified that payment of such interest shall be without prejudice to the other ghts and remedies available to the Developer, including the right to cancel,/terminate the allotnent andlor claim losses,/damages incufied or suffered in that regard as the case may be and in accordance with the laws laid down in this regard . 6. The Total price is escalation-free, save and except escalations due to increase on account ofdevelopment charges payable to the Competent Authority and,/or any other inqease in charges which may be Ievied or imposed by the Competent Authority, Local Bodies,/Govemment entities from time to time. 7. The Developer shall endeavor to make available the Unit for Possession (for fit outs) ofon or before subject to the Alloftee andlor joint Allottee not being in breach of any of the terms of lhe Application Fornllletter of Allot ment,/ Agreemen 1 (o Sell. In the event ofany force majeure situations (including but not limited to inordinate delay in issuance of NOCS,/ connections./ approvals/ licenses fiom the competent local authorities and,/or judicial or regulatory orders), the date of such possession for fit outs shall stand extended accordingly, complete clarity in this regard shall be rendered by the Developer to the Allottee and./or joint Alloftee. 8. The unit cannot be let, sublet, re-sold or ttansferred to any third party by the Allottee and/orjoint Allottee till all amounts in relation to the Unit have been received by the Developer and the Allottee and,/orjoint Allottee has taken possession ofthe Unit. 9. The AIIoftee and/orjoint Allottee agrees not to do or omit to do any act, deed or thing or behave inapplqprialgly .. correspond or communicate in a manner that would in any manner affect or prejudice or defame the project/Building or the Developer or its associates or iis representatives without just cause and reason. In the event the Allottee andlorjoint Allottee does or omits to do any such act, deed or thing with malicious intent then it shall constitute an event of default and the Developer shall be entitled to proceed as per the provisions ofthis Allotment Letter and the law applicable in this regard . 10. The Alloftee and,/or joint Allottee hereby agrees that the Developer shall be entitled to recover / set off / adjust from the amounts if any, payable bythe Allotree and./orjoint Allottee to the Developer including the Considemtion Valuq the Apartments and Other Charges, interest and /or Liquidared Damages provided the rationale behind the Same is justifiable and resonable. The Allotee and,/orjoint Allotee agees and undertakes not to mise any objection or make any claims with regard to such adjustment / set olTand the claims, ifany, ofthe Allottee andlo.joint Allqtree, in that regard, shall be deemed to have been waived. ll. This Letter ofAllotment shall be govemed and interpreted by and const.ued in accordance with the laws of India and the Courts ofNashik District in particular. Any dispute shall be attempted to b€ primarily settled by a sole arbitrator appointed by the Developer and Allottee and/or joint Allotteejointly prior to approaching any court of law andlor ancillary forum and the said arbitration shall be in accordance with the prcvisiom of the Arbitration and Conciliation Acl, 1996. I would liketo take this opportunity to thank you for the trust that you have reposed in us, and assure you ofour best services at alltimes. Warm Regards, From Sairaj Builder and Developers (Authorized Signatory) ANNf,XURE. A PAYMENT SCHEDULD Particulars Percentage Amount (in Rs.) At the time of booking t0% Immediately after 200/t agreement After comDletion of Phith After completion of 250/. Slabs After comDletion of 50/" Wall. Dobrs ard After comDletion of 5% Staircase & Lobby Aftercomoletion of 5% Plumbine & Exremal Pl-aster After comDlelion of 5% Water dumD & Electrichlfinins ofLih After handins overl 5% Possessioi to Purchaser/s based on ce(ification bv- Architect ANNDXURE. 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