Allotment Letter L&T Seawoods- Cluster C 01.03.24 ALLOTMENT LETTER No. Date: To, Mr/ Mrs./ Ms. ………………………………………… R/ o …………………………………………………… (Address)……………………………………………… Telephone/Mobile number ………………………………… Pan Card No.: Aadhar Card No. Email ID: Sub: Your request for allotment of flat in the project known as L&T Seawoods__________, 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 bearing No. ___________ admeasuring RERA Carpet area ___________ sq. mtrs. equivalent to _____ sq.ft. situated on ________ floor in Building _______ / Tower _______ /Block _______ /Wing ________ in the project known as L AND T SEAWOODS - West Manor (Tower A and B), having MahaRERA Registration No. ___________, hereinafter referred to as “the said unit”, being developed on portion of the land bearing Plot no. R1, lying being and situate at sector 40, Nerul Node, Seawoods Railway Station, Navi Mumbai- 400706 admeasuring 1348.85 sq. mtrs. for a total consideration of Rs. __________________ (Rupees. _______________________only) exclusive of GST, stamp duty and registration charges, statutory taxes, legal charges, cost of formation of the society, conveyance charges, share application money, society maintenance charges, deposit towards water, electric, and other utility and services’ Allotment Letter L&T Seawoods- Cluster C 01.03.24 connection charges, competent authority transfer charges, club house membership and other miscellaneous charges. All payments against this allotment shall be made by you by way of an Account Payee Cheque/Demand Draft drawn in favour of “_________________” or transferred to Bank Account having details as mentioned in the Schedule-I written hereunder. 2. Allotment of covered parking space(s): Further we have the pleasure to inform you that you have been allotted along with the said unit, covered car parking space(s) at ________level basement / podium bearing No(s) __________ admeasuring ________sq. mtrs. equivalent to ________sq. ft. on the terms and conditions as shall be enumerated in the agreement for sale to be entered into between ourselves and yourselves. 3. Receipt of part consideration: We confirm to have received from you an amount of Rs. _______ _____ (Rupees. ___________________ only), being_______% of the total consideration value of the said unit as booking amount / advance payment on ________________, through ___________________. OR 3. Receipt of part consideration: 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, we confirm to have received from you an amount of Rs. __ ________ (Rupees. _________________ only), being_______% of the total consideration value of the said unit as booking amount / advance payment on ____________, through _________________. The Balance _______% of the booking amount / advance payment shall be paid by you in the following manner. a) Rs. __ __________ (Rupees. _____________ only) on or before ______________. b) Rs. ____________ (Rupees. ________ _________only) on or before _______ ______. Allotment Letter L&T Seawoods- Cluster C 01.03.24 c) Rs. __ _________ (Rupees. _ ______________ only) on or before ______________. d) Rs. __________ (Rupees. _________________ only) on or before ________________. 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: 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 herewith and iii) The website address of MahaRERA is https://maharera.mahaonline.gov.in/# 5. Encumbrances: We hereby confirm 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. 6. Further payments: Further payments towards the consideration of the said unit as well as of the covered car parking space(s) shall be made by you, in the manner and at 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 unit along with 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 of the covered car parking space(s) in the manner and at the times as well as Allotment Letter L&T Seawoods- Cluster C 01.03.24 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 days from the date of receipt of your letter requesting to cancel the said booking. Sr. No. If the letter requesting to cancel the Amount to be booking is received, deducted 1. Within 15 days from issuance of the Nil; allotment letter; 2. Within 16 to 30 days from issuance 1% of the cost of the of the allotment letter; said unit; 3. Within 31 to 60 days from issuance 1.5% of the cost of the of the allotment letter; said unit; 4. After 61 days from issuance of the 2% of the cost of the allotment letter. said unit. * The amount deducted shall not exceed the amount as mentioned in the table above. ii. In the event the amount due and payable referred in 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: Allotment Letter L&T Seawoods- Cluster C 01.03.24 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 months from the date of issuance of this letter or within such period as may be communicated to you.* The said period of 2 months can be further extended on our mutual understanding. * In the event the booking amount is collected in stages and if the allottee fails to pay the subsequent stage installment, the promoter shall serve upon the allottee a notice calling upon the allottee to pay the subsequent stage installment within 15 (fifteen) days which if not compiled, 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 forfeited shall exceed the amount mentioned in the above referred Table. Except for the above all the terms and conditions as enumerated in this allotment letter shall be applicable even for cases where booking amount is collected in stages. In event of cancellation, amount paid by you, after deductions of forfeiture charges, shall be refunded to your Bank Account as mentioned in the Schedule I hereunder written and I/we shall be entitled to dispose of the same as I/we deem fit and proper, including selling the said flat to any third party. ii) If 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 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 Allotment Letter L&T Seawoods- Cluster C 01.03.24 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 unit and the balance amount if any due and payable shall be refunded without interest within 45 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 days from the date of expiry of the notice 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 unit, thereafter, shall be covered by the terms and conditions of the said registered document. The benefit of this Letter of Intent and matters of and incidental thereto, cannot be directly or remotely transferred or assigned or disposed of by you, without having obtained our prior written consent for the same. 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) (Email Id.) Date: ……………… Place: ……………. Allotment Letter L&T Seawoods- Cluster C 01.03.24 SCHEDULE I Promoter’s Bank Details Allottee’s Bank Details Account Name: Account Name: Account No.: Account No.: Bank Name: Bank Name: Branch Name: Branch Name: IFSC Code: IFSC Code: CONFIRMATION & ACKNOWLEDGEMENT I/We have read and understood the 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: ……………... Allotment Letter L&T Seawoods- Cluster C 01.03.24 Annexure - A Stage wise time schedule of completion of the project Sr. Stages #Date of No. Completion (Stage wise schedule shall be construed as on or before the date of Completion) 1. Excavation 2. Basements (if any) 3. Podiums (if any) 4. Plinth 5. Stilt (if any) 6. Slabs of super structure 7. Internal walls, internal plaster, completion 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 terraces with waterproofing. 11. Installation of lifts, water pumps, firefighting fittings and equipment, electrical fittings, Allotment Letter L&T Seawoods- Cluster C 01.03.24 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 & footpaths, lighting 13. Water supply 14. Sewerage (chamber, lines, septic tank, STP) 15. Storm water drains 16. Treatment and disposal of sewage and sullage water 17. Solid waste management & disposal 18 Water conservation / rainwater harvesting 19. Electrical meter room, sub-station, receiving station. 20. Others Promoter (s) / Authorized Signatory # Subject to approval from competent authority