ALLOTMENT LETTER Date : _________ To, ____________________ ____________________ ____________________ Sub : Allotment of Flat no ____ admeasuring ______ sq. ft. RERA carpet area on ___ Floor, in our proposed building known as “DISHA DARSHAN” at Plot of land bearing C.T.S. No. 975 of Village Pahadi Goregaon (West) at Nadiadwala Colony Road No. 2, Malad (West), Mumbai-400064 Dear Sir, A. We are pleased to allot you Flat No._____ on ___ Floor admeasuring ______ sq.ft. RERA carpet area (hereinafter referred as said Flat) in Building known as “DISHA DARSHAN” (hereinafter referred as the said Building) in our project known as “DISHA DARSHAN” at Plot of land bearing C.T.S. No. 975 of Village Pahadi Goregaon (West) at Nadiadwala Colony Road No. 2, Malad (West), Mumbai-400064 (herein after referred as said project), for consideration and on the terms and conditions as stated herein. The Real Estate Regulatory Authority (hereinafter referred as the Authority) has issued certificate u/s 5 of Real Estate (Regulation and Development) Act, 2016 (RERA), bearing Maha RERA Registration No.________________ available at website: http://maharera.mahaonline.gov.in. B. Cost of Flat Total cost of the said Flat is Rs._______/- (Rupees ______________ only) (Sale Consideration).Purchaser will have to pay the said amount as per the progress of the construction in the following installments. i. Rs.__________/- (Rupees______ : On commencement of the ____________________only) work. ii. Rs.__________/- (Rupees______ : On initiation of plinth. ____________________only) iii. Rs.__________/- (Rupees______ : On initiation of First R.C.C. 1 ____________________only) Slab. iv. Rs.__________/- (Rupees______ : On initiation of Second R.C.C. ____________________only) Slab. v. Rs.__________/- (Rupees______ : On initiation of Third R.C.C. ____________________only) Slab. vi. Rs.__________/- (Rupees______ : On initiation of Fourth R.C.C. ____________________only) Slab. vii. Rs.__________/- (Rupees______ : On initiation of Fifth R.C.C. ____________________only) Slab. viii. Rs.__________/- (Rupees______ : On initiation of Sixth R.C.C. ____________________only) Slab. ix. Rs.__________/- (Rupees______ : On initiation of Seventh R.C.C. ____________________only) Slab. x. Rs.__________/- (Rupees______ : On initiation of Eighth R.C.C. ____________________only) Slab. xi. Rs.__________/- (Rupees______ : On initiation of Ninth R.C.C. ____________________only) Slab. xii Rs.__________/- (Rupees______ : On initiation of Tenth R.C.C. ____________________only) Slab. xiii. Rs.__________/- (Rupees______ : On initiation of brickworks and ____________________only) internal plaster. xiv. Rs.__________/- (Rupees______ : On initiation of external ____________________only) plaster. xv. Rs.__________/- (Rupees______ : On initiation of plumbing ____________________only) works. xvi. Rs.__________/- (Rupees______ : On initiation of compound ____________________only) walls and pavement and electrical works. xvii. Rs.__________/- (Rupees______ : On offer of possession. ____________________only) Rs.__________/- (Rupees______ TOTAL AMOUNT ____________________only) The 10% of the sale consideration will be considered as earnest money. In addition to above payment, before taking the possession, you will have to pay General Charges, Infrastructure Charges etc., Stamp Duty, Registration and Goods and Service Taxes as under:- C. Other charges Sr.No. Amount Particualrs 1. 500/- Towards membership and entrance fees, as Applicable 2. 15,000/- Towards legal charges of Agreement 3 25,000/- Towards Security Deposit and relevant charges to include the deposits payable to the concerned Local authority, 2 Government for giving water, electric or any other incidental expenses for service connection to the New Building in which the said Flat is situated 4. 15000/- Towards Mahanagar Gas Connection Charges and Deposits to Mahanagar Gas Ltd. 5. 15000/- Towards Induction of Membership in Society Charges. 6. Rs.7.00 Per Towards 12 months maintenance in advance Sq.Ft. 7. Rs.5.00 Towards one year property tax in Advance Per Sq.Ft. 8. Rs.100.00 Towards the betterment charges and/or development Per Sq.Ft. charges. *Please note that above charges are provisional and may change due to inflation or any additional charges by local authorities. D. Taxes :- i. Goods and Service Tax (GST) at the 5% on sale consideration and other charges. ii. Any other statutory payment that may become applicable for sale and transfer of Flat E. Stamp Duty and Registration Charges i. Registration charges, Stamp Duty as may be applicable under, Maharashtra Stamp Duty Act, 1958. The Registration charges and stamp duty shall be borne and paid by the Purchaser/s at the time of execution and registration of Agreement for Sale, as per The Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale Management & Transfer) Act, 1963(MOFA) and/or The Real Estate (Regulation And Development) Act, 2016 (RERA). TERMS AND CONDITIONS FOR ALLOTMENT a. You have seen all the documents of title deeds and other relevant papers etc, pertaining to the said property and are fully satisfied about our title, rights and interest in respect the said project. b. You are aware of and have acknowledge that the Building plans are provisional and agree that we may make such changes, modifications, alternations and additions therein, as may be deemed necessary or may be required to be done by us or any other local authority or body having jurisdiction. c. You will be bound by the terms and conditions as stated in the Agreement for Sale to be executed between you and developers. 3 d. Please take note it is mandatory to execute and register the Agreement for Sale on or before payment of 10% of the sale consideration as stated hereinabove under RERA. Registration of the said Agreement will be your responsibility. On payment of stamp duty on the said Agreement for Sale, our representative will attend the office of Sub-Registrar of Assurance at mutually convenient day and time to execute and admit the execution of Agreement for Sale. We will not be responsible for any delay in registration of agreement and any consequence arising under MOFA/RERA. e. Within 30 days from issue of this letter, you will have to pay 10% of sale consideration and execute and register the Agreement for Sale. If you fail to pay 10% of sale consideration within 30 days, this allotment letter will be deemed to have been cancelled without any further communication to you and we will forfeit the amount paid by you. In such circumstance we will be entitled to sell the said Flat without any further reference to you. f. You shall not have any claim or right on, any part of the said Property and to any part or parts of the said Building other than the said Flat allotted to you. All open spaces, lobbies, staircases, terraces shall remain our property till whole property is assigned and transferred to the Society and/ or Apex Body as the case may be as herein mentioned, but subject to the rights, reservations, covenants and easements in our favor as may be provided. g. We shall have absolute & exclusive right & authority to utilize & consume present F.S.I. and the F.S.I. and/or T.D.R., which will be made available on said property under the Regulation No.30(A) of the Development Control Promotion Regulations of Greater Mumbai, 2034 or any other statute applicable to said property and you shall not have or claim any rights and/or benefits of whatsoever nature in respect thereof. h. We shall be entitled to sell, assign, mortgage, transfer or otherwise deal with or dispose of all our right, title and interest in the said project including the buildings being constructed thereon as we may deem fit and appropriate and you hereby give irrevocable consent for the same subject to such transaction not prejudicially affecting the rights hereby created in your favor. i. Payment of the said consideration is essence of contract and you will pay the said amount as per the schedule of payment as stated herein above. If you fail to pay the said amount as per the schedule, you will be liable to pay interest at the rate as prescribed under The Maharashtra Real Estate(Regulation and Development)(Registration of Real Estate projects, Registration of Real Estate Agents, Rates of Interest and disclosure on Website) Rule 2016 (RERA Rule), from due date till payment. Notwithstanding the provision for payment of interest, if default continues for more than 3 months, we will be entitled, at our sole discretion to cancel this allotment letter. In case of cancellation of allotment, we will be entitled to forfeit earnest amount i.e 10% of the sale consideration and pay the balance amount to you without any interest thereon. We will refund the said amount, only after sale of said Flat to new purchaser and after receiving from new Purchaser, amount equivalent to be refunded to you. Save and except refund of the said amount as stated herein you will not be entitled for any amount either as damage/compensation or in any other manner. j. In the event of cancellation, notwithstanding our liability to refund the amount as stated herein above, you shall cease to have any right, title, interest and/or claims of any nature 4 whatsoever in said Flat and we shall be entitled to deal with the same in the manner as it deems fit and proper. k. That any delay on account of the Authority for issuance of the completion certificate / Occupation certificate shall not be considered as any delay on account of us. The date of applying for the completion certificate / occupational certificate shall be presumed as the date of possession, we shall not be liable for the penalty for delay in possession after the said date i.e. any claim for delay in possession will be confined upto the date of applying for the completion certificate / occupational certificate only. l. We have explained you proposed development of the said project and you have completely understood our project and you hereby confirm that you have given unconditional, unqualified and irrevocable consent to us to develop the said property as required under section 14 of RERA and also section 7 of MOFA. Copy of the said Irrevocable Consent is enclosed herewith. m. The said building shall always be known, as “DISHA DARSHAN”. n. Please note, unless amenities, layout, facilities are contained or incorporated in agreement for sale, we will not be bound to provide the same in the project and further reserve, at our sole discretion to make such variations, additions, alterations, deletions, and/or modifications in plan and landscaping or as may be directed by the Competent Authority. o. You have seen the list of fixture and fitting that would be provided in the said Flat and after being aware of the same, have agreed to acquire the said Flat. p. These terms and conditions will be in addition to the terms and conditions stated in the Application Form. Thanking you, Yours faithfully, I/We Confirm :- For M/s. KRISHNA DEVELOPERS (____________________) HITEN. K. KOTHARI Purchaser/s (________________) Authorized Signatory 5