DRAFT WITHOUT PREJUDICE Date: 30/11/2023 To, Mr./Mrs./Ms_______ (Address) ___________________ ___________________ ___________________ Telephone/Mobile number: ________ Pan Card No.: __________________ Aadhar Card No.: _______________ Email ID: _____________________ Sir/Madam, Sub: Your request for allotment of flat (said flat) in the project known as “Rang Rekha” at Building No.8, bearing Survey No. 181, City Survey No.1665 (Part) of Shailendra Nagar, Dahisar (East), Mumbai – 400068, having MahaRERA Registration No. . 1. Allotment of the said Flat: This is with reference to your request referred to in the above- mentioned subject. With great pleasure, we hereby inform that you have been allotted a ___ BHK flat bearing No. 1 DRAFT WITHOUT PREJUDICE ______admeasuring RERA Carpet area_______ sq. mtrs. equivalent to_______ sq.ft. situated on______ floor in the project known as “Rang Rekha”, having MahaRERA Registration No. , hereinafter referred to as “the said Flat”, being developed on all that piece or parcel of leasehold plot of land ad measuring 978.36 Sq. Mtr. or thereabout as per Indenture of Lease or Sale Deed, (ad measuring 992.14 sq. mtrs or thereabout as per demarcation of MHADA and/or MHADA NOC), in the layout of Maharashtra Housing and Area Development Authority, bearing CTS Nos. 1665 (part) forming part of Survey No.181 of village Dahisar, Taluka Borivali in the Registration District of Mumbai City and Sub-District of Mumbai Suburban, situate, lying, and being at Building No.8, bearing Survey No. 181, City Survey No.1665 (Part) of Shailendra Nagar, Dahisar (East), Mumbai – 400068 at and for total consideration of Rs.______________/- (Rupees ________________________ only) [Less 1% TDS][Inclusive of GST] and as per terms & conditions set out herein. 2. Allotment of Mechnical Car Parking Space/s: Further we have the pleasure to inform you that, you have been allotted_________ nos. of car parking space/s in Mechanical Parking System or Surface or mechanized stack parking system without any consideration. 2 DRAFT WITHOUT PREJUDICE 3. Receipt of part consideration: We confirm that we have received from you an amount of Rs. ______________/- (Rupees _____________________ __________________________only) [Less 1% TDS] [Inclusive of GST] against the total consideration value of the said Flat as booking amount / advance payment on ______________ through_____________________________. Balance amount of Rs________________/- (Rupees _________________only) [Less 1% TDS] [Inclusive of GST] shall be paid by you to us, as per the progress of work as per the payment schedule annexed hereto as Annexure “I”. 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 3 DRAFT WITHOUT PREJUDICE iii) The website address of MahaRERA is https://maharera.mahaonline.gov.in/# 5. Encumbrances: We hereby confirm that the said Flat is free from all encumbrances and we hereby further confirm that no encumbrances shall be created by us on the said Flat. 6. Further payments: Further payments towards the consideration of the said Flat shall be made by you, in the manner and at the times as well as on the terms and conditions as may be more specifically enumerated / stated in the Agreement for Sale to be entered into between ourselves and yourself/ yourselves. 7. Possession: The said Flat along with the car parking space/s shall be handed over to you on or before 31.12.2027 subject to force majeure conditions as may be enumerated in the Agreement for Sale to be entered into between ourselves and yourself/yourselves and subject to the payment of the consideration amount of the said Flat as well as car parking space/s in the manner and at the times as well as per the terms and conditions as may be specifically enumerated/ 4 DRAFT WITHOUT PREJUDICE stated in the Agreement for Sale to be entered into between ourselves and yourself/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, 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 Amount to be cancel the booking is deducted received 1. Within 15 days from Nil; issuance of the Allotment Letter; 2. Within 16 to 30 days from 1% of the cost issuance of the Allotment of the said Flat; Letter; 3. Within 31 to 60 days from 1.5% of the cost issuance of the Allotment of the said Flat; Letter; 5 DRAFT WITHOUT PREJUDICE 4. After 61 days from issuance 2% of the cost of the Allotment Letter. of the said Flat. • The amount to be deducted shall not exceed the amount as mentioned in the table above. ii. In the event the amount due and payable on cancellation of booking as 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: You shall make the payment of GST, stamp duty and registration charges, as applicable and such other payments as may be specifically mentioned in the Agreement for Sale, the proforma whereof is enclosed herewith in terms of Clause 11 hereunder written. 6 DRAFT WITHOUT PREJUDICE 11. Proforma of the agreement for sale and binding effect: The proforma of the Agreement for Sale to be entered into between ourselves and yourself/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 yourself/yourselves until compliance by yourself/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 if you fail to pay the subsequent stage instalments of the Booking amount, we shall serve a notice calling upon you to pay the subsequent stage instalment within 15 (fifteen) days which if not complied, we as promoter shall be entitled to cancel this allotment letter. On cancellation of the allotment letter we shall be entitled to forfeit the amount paid by you or such 7 DRAFT WITHOUT PREJUDICE amount as mentioned in the Table enumerated in Clause 9 whichever is less. ii) If you fail to execute the Agreement for Sale and appear for registration of the same before the concerned office of Sub-Registrar of Assurances 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 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 Flat and the balance amount if any due and payable shall be refunded to you 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 8 DRAFT WITHOUT PREJUDICE 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 yourself/yourselves. Cancellation of allotment of the said Flat after execution of Agreement, shall be covered by the terms and conditions of the Agreement for Sale. 14. Headings: Headings are inserted for convenience only and shall not affect the construction of the various Clauses of this allotment letter. Signature ……………… Name …………………. For Ashapura Infratech Authorized Signatory Info.ashapurainfratech@gmail.com Date 30/11/2023. Place Mumbai 9 DRAFT WITHOUT PREJUDICE 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 ……… 10 DRAFT WITHOUT PREJUDICE ANNEXURE A Rang Rekha - Payment Schedule Sr. Amount Due % Stage No. o 1 Rs. 10% As earnest money deposit on or before the execution (Payment and receipt whereof do hereby admit and acknowledge). 2 Rs. 15% On Registration of the Flat. 3 Rs. 20% On Completion of the Plinth. 4 Rs. 5% On Completion of the 3rd Slab of the Residential Floors. 5 Rs. 5% On Completion of the 6th Slab of the Residential Floors. 6 Rs. 3% On Completion of the 9th Slab of the Residential Floors. 7 Rs. 3% On Completion of the 12th Slab of the Residential Floors. 8 Rs. 3% On Completion of the 15th Slab of the Residential Floors. 9 Rs. 3% On Completion of the 18th Slab of the Residential Floors. 10 Rs. 3% On Completion of the 20th Slab of the Residential Floors. 11 Rs. 5% On Completion of Brick / Masonry Work. 12 Rs. 4% On Completion of Internal Plaster. 13 Rs. 4% On Completion of External Plaster. 14 Rs. 4% On Completion of Electric Wiring and / or Plumbing Work. 15 Rs. 4% On Completion of Tiles / Flooring. 16 Rs. 4% On Completion of Internal / External Paints. 17 Rs. 5% On Possession of the Flat. 100% Total