LETTER OF ALLOTMENT

Date: 23rd Oct, 2023

To,
First Applicant -
Second Applicant -
Address
Contact No._____________________

Dear Sir/Madam,

Re: Allotment of ___ BHK flat in Tower No. ___ Bearing Flat No. ____ in “__”wing admeasuring
approximately ______sq. ft. (carpet) in the project known as “Shree Rameshwar” situated and bearing
Old survey No. 94, New Survey no.5, Hissa no.1, Ward no.26, Navghar Road, Bhayander East, Taluka and
District Thane, within the suburban district of Thane and within the limit of Mira Bhayander Mahanagar
Palika.

1. We are pleased to reserve the above said premises of an area admeasuring approx. ____ Sq. Ft.
(carpet) bearing Flat No. ____ in “__”wing in the project known as “Shree Rameshwar”
situated and bearing Old survey No. 94, New Survey no.5, Hissa no.1, Ward no.26, Navghar
Road, Bhayander East, Taluka and District Thane, within the suburban district of Thane and
within the limit of Mira Bhayander Mahanagar Palika.(Hereinafter referred to as “the said
Unit/Flat”). Please note that the above nomenclature is only for setting out the commercial
understanding and the Sale Agreement shall contain only the carpet area of the said premises as
per the extant provisions of Maharashtra Ownership Flats Act, 1963 and rules framed thereunder.

2. It is also confirmed by you that, prior to the issuance of this allotment letter, you have perused
and understand the sanctioned plans, Property Cards, Title Documents and other documents
with regards to the said property and you agree and confirm that the same is approved by you
and acceptable to you. You have also independently verified our title to the property and are
satisfied with and have accepted the same. You will not be entitled to raise any requisition in
respect thereof.

3. The total cost of the said premises is Rs. _______/- (Rupees

_________________________________________________ Only). We confirm having received a sum of
Rs._________/- (Rupees __________________________________________________________________________ Only).
The payment details are as follows:

Sr. No Cheque No. Date Bank Amount (in Rs.)

Total

The Schedule of payment agreed between us for the payment of the Sale consideration is as
under, time being of the essence:

Sr. No. Payment Schedule Amount

1 After Receiving CC
2 On Completion of Plinth
3 On Completion of 1st Slab
4 On Completion of 2nd Slab
5 On Completion of 3rd Slab
6 On Completion of 4th Slab
7
8
 9 On Completion of 5th Slab
10 On Completion of 6th Slab
11 On Completion of 7th Slab
12 On Completion of 8th Slab
13 On Completion of 9th Slab
14 On Completion of 10th Slab
15 On Completion of 11th Slab
16 On Completion of 12th Slab
17 On Completion of 13th Slab
18 On Completion of 14th Slab
19 On Completion of 15th Slab
20 On Completion of 16th Slab
21 On Completion of 17th Slab
22 On Completion of 18th Slab
23 On Completion of 19th Slab
24 On Completion of 20th Slab
25 On Completion of 21st Slab
26 On Completion of 22nd Slab
27 On Completion of 23rd Slab
28 On Possession
Grand Total

4. It is agreed that time is of essence of this allotment letter. You have further confirmed to us that
an intimation forwarded by us to you that a particular stage of construction is commenced or
completed shall be sufficient proof that the particular stage of construction is commenced or
completed. However, it is agreed by you that the failure to receive notice from us requiring such
payment shall not be plea or an excuse for non-payment of any amount or amounts on their
respective dates.

5. If you fail to pay the agreed installments of the Sale Price on or before the respective due dates, a
10 (Ten) days’ notice shall be given to you, within which you shall be required to pay the
stipulated amount with interest @ 24% per annum. In the event, if you fail to make such
payment, then this allotment letter shall stand terminated and the amount paid by you, as
referred in clause 3, hereinabove shall stand forfeited and you shall be liable to reimburse the
expenses incurred by us, without any objection. Upon the termination / cancellation of the said
earmarking of the said Premises, we shall have the absolute right and we shall be entitled to deal
with the said premises/flats in any manner as we may deem fit and proper without any recourse
to you.

6. In addition, you shall be liable to pay further amounts towards corpus fund, club house
development charges, legal charges, society formation, maintenance deposit, water and electric
deposit, Taxes and all other levies as may be applicable at the time of entering into a formal
Ownership Agreement.

7. As per your request, we are allotting, without a consideration, an exclusive right for you to use
____ (______) no. of car parking space from the common areas & amenities along with the said
unit/flat/premises & the ear marking of the same shall be done at the time of handling over the
possession of the said unit/flat/premises which you may please note.

8. All the necessary stamp duty, registration charges as well as legal charges for preparing
agreement for sale, levies, duties, cess (whether applicable/payable now or become applicable /
payable in future), Taxes (as applicable) or otherwise, other deposits, etc., are excluded and shall
 be payable by you alone, and we shall not be liable, responsible and/or required to bear and/or
pay the same or any part thereof.

9. It has further been agreed by you that you shall not be entitled nor shall have rights to sell or
transfer or assign your rights under this letter for a period of 2 (two) years from the date of this
letter of allotment (the lock-in period). You shall be entitled to sell or transfer or assign your
rights post the expiration of your lock-in period subject to you giving us, three months prior
notice in writing and we shall have the first right of refusal to buy back the said
premises/units/flats/shops. Please note subject to you compiling all the terms & conditions.

10. You have agreed and it is made clear that the said Unit/Flat has been allotted to you on the basis
of the plan, subject to approval and sanction from any competent authority, and we may amend
the said plan as we may deem fit. We shall be entitled to raise additional floor/s, construct
adjoining structure/s and amend plan from time to time, till we declare that the project is
completed and till transfer of the property to the ultimate body of purchasers. Accordingly you
hereby accept and confirm that any kind of increase or decrease in the area of the said Unit/Flat
or shift in the position of the said Unit/Flat, if arises, due to amendment in the plan etc. then the
same shall be acceptable to you unconditionally. However in case of variation of the area, the
value of the said Unit/Flat shall be proportionately adjusted. In the event you are not agreeable
for the terms and conditions as aforesaid then this allotment letter shall stand terminated and /
or cancelled.

11. If you dispute any of the terms and conditions of such agreement for sale, then this allotment
letter shall stand cancelled and the amount paid by you to us shall be forfeited, as we may deem
fit & proper which you shall not have any claims and/or demand against us and/or the said
premises/unit/flat, in any manner whatsoever.

12. The Stamp duty and Registration charges payable on the Ownership Agreement shall be borne
and paid by you in addition to the consideration reserved hereinabove.

13. It shall be mandatory and binding on you to return this Letter of Allotment issued by us on
executing the Agreement for Sale. Accordingly this Letter of Allotment shall automatically stand
cancelled.

14. This writing is to be treated as letter of reservation of the said Premises to you. We shall enter
into a formal Agreement for Sale as required under the Maharashtra Ownership Flats Act, 1963
as mentioned above.

Thanking you,
For Jay Sadguru Construction Company

Authorized Signatory