ENCUMBRANCE SELF- DECLARATION
                                                                                      Date: 17-04-2024
To,
Maharashtra Real Estate Regulatory Authority,
3rd Floor, A-Wing, Slum Rehabilitation Authority,
Administrative Building, Anant Kanekar Marg,
Bandra (East), Mumbai – 400 051.

Sub: Encumbrance on Project

Re: Details of encumbrances and mortgage / charge / lien in respect project ‘Bali Serenity, located at
a CTS No. 638, 638/1 to 638/12 at Pahadi Goregaon, Borivali, Mumbai Suburban, 400104. (“Project
Land”)

Dear Sir,

Bali Spaces LLP has the legal title to the development rights of the Project Land on which project ‘Bali
Serenity’ (“Project”) is being developed. Bali Spaces LLP has availed construction finance facility of
upto Rs. 11,00,00,000/- (Rupees Eleven Crore only) from Piramal Enterprise Limited (“Facility”).

The repayment of the Facility has been secured by:
• Exclusive charge by way of registered mortgage of development rights of land admeasuring
   688.10 sq.mtrs. of project ‘Bali Serenity’ situated at CTS No. 638, 638/1 to 638/12 at
   Pahadi-Goregaon, Mumbai – 400 104 along with present & future constructions thereon
   excluding sold units and Tenant’s/PAP Units.
• Exclusive charge by way of hypothecation of project receivables from Sold & Unsold units of
   the project ‘Bali Serenity’.
• Unconditional and irrevocable personal guarantee of Mr. Vijay Phoolchand Parmar, Mr.
   Sushant Vijay Parmar, Ms. Meena Vijay Parmar & Ms. Pinal Sushant Parmar.
• Exclusive Charge over LLP interest of all the partners.
• Suitable number of UDCs/PDCs to be obtained for all borrowers and Guarantors.
• ISRA equal to 3 months of interest on loan outstanding.

A Mortgage cum Charge Deed dated 23rd February 2024 has been registered by Bali Spaces LLP in
favor of Piramal Trusteeship Services Private Limited at the office of the Sub-Registrar of Borivali No. 6
under Document Serial No. BRL 6-4581-2024. The copy of the Index-II is annexed herewith.

Thanking You,
Yours faithfully,
For Bali Spaces LLP



Partner / Authorized Signatory