Professional Documents
Culture Documents
Date: ___________
Place: ___________
GIN: __|__|__|__|__|__|__|__|__|__|__|__
CIN: __|__|__|__|__|__|__|__|__|__|__|__
1. Details of Applicant*:
Name of the Applicant:
Mr. /Mrs. ________________________________________________________________
First Name
Middle Name
Last Name
Residence Address:
_________________________________________________________________________________________
_________________________________________________________________________________________
Pin: ________________ State: _______________________ Country: _______________
Office Address:
_________________________________________________________________________________________
_________________________________________________________________________________________
Pin: ________________ State: _______________________ Country:_______________
Preferred address for all correspondence:
Residential Status: Resident Indian
Residence
Office
Non-Resident Indian
Non-Resident Indian
_____________________
______________________
Signature of Applicant
4 Bed Residence
Tower: ______
Floor: ______________ Flat No.: _________________
Carpet Area: ____________
Amount (Rs.)
16,90,600
Rs.15/psf x24 x Carpet Area
20,00,000/-
The Applicant shall also bear and pay registration charge, stamp duty, legal charges, service tax, MVAT, TDS
and other government levies and taxes to be payable both present and future, as may be applicable from time
to time. Additionally, the applicant would be liable to pay installation / connection charges of electricity, water
supply, piped gas, sewerage services etc. at the time of possession.
Any allotment will be subject to the Terms and Conditions contained in Annexure B.
Declaration by the Applicant
Source of booking Channel Partner Name ___________________________
All the aforesaid details furnished by me/us are all true and correct. I/We have read and understood the Terms
and Conditions herein contained and the same are all acceptable to me/us.
I/We hereby request for reservation of the above mentioned residence (said Flat) in ___________ Tower in
the proposed project known as Piramal Aranya (said Project) situated on the property at Byculla, Mumbai
(said Property). I/We have read and understood the specifications of the said Flat and the said Project and
terms & conditions as stated in the request form and hereby give my acceptance for the same.
_____________________
______________________
Signature of Applicant
Annexure A
Sr. No.
Milestones
9.9%
On initiation of foundation
6%
6%
6%
6%
6%
10
6%
11
6%
12
6%
13
On completion of 60 th slab
6%
14
On initiation of facade
6%
15
6%
16
On initiation of fitouts
4%
10,00,000
10.1%
Total
Notes:
100.00%
The payment due is a percentage of Agreement Value of the said Flat applied for.
The payment schedule is exclusive of registration charge, stamp duty and other government levies (including service tax, MVAT, etc.)
to be payable by the Applicant at the time of agreement and/or later.
The payment schedule is exclusive of other charges like clubhouse membership, advance maintenance corpus, society formation
expenses, statutory deposits etc. payable at the time of possession.
Payments mentioned above are exclusive of any taxes which may be levied by any appropriate authority which include but are not
limited to value added tax, works contract tax, service tax, and any other tax, both present and future, as may be applicable from
time to time.
All payments are to be done by cheque / demand draft / pay order in favour of the Company payable at Mumbai. The Applicant shall
mention his/her name and flat number applied for behind the cheque/ demand draft/ pay order. The payments made by cheque are
subject to realisation.
Payment Details:
Reservation Fees: Rs.____________________ Cheque No.: _____________
Favouring GLIDER
_____________________
______________________
Signature of Applicant
_____________________
______________________
Signature of Applicant
9. Piramal Assurance:
9.1.
After execution and registration of Agreement for Sale, if the Applicant is not satisfied with the progress and/or
quality of construction to be put up then and in that event the Applicant shall be entitled to give a notice to the Company of
his/her intention to cancel the Agreement for Sale. If the Company is satisfied that the Applicant is not interested in
continuing with the Project then the Company shall accept the cancellation request made by the Applicant and shall pay to
the Applicant an amount equivalent to the Fair Value (as computed hereinafter). The said amount shall be paid within 90
(ninety) days of acceptance of the cancellation request by the Company. This Piramal Assurance shall be subject to applicable
law. This Piramal Assurance shall be valid only up to the date of handing over possession of the said Flat to the Applicant for
fit-out purposes.
This Piramal Assurance shall be applicable only if payments are made on time as per the above schedule. In addition to the
aforesaid Clause 7, in the event that the payment of the aforesaid sums or any part thereof is delayed for any reason
whatsoever then, notwithstanding the delayed acceptance of the said sums by the Company, with or without interest or the
consequences for delayed payment being applied, the Piramal Assurance will not be available to the Applicant in relation to
the said Flat or any other flat/premises applied for by the Applicant in the Project.
9.2.
Fair Value =
the Prevailing Base per Square Foot Rate in the flat of the same typology in the said Tower of the
Project for that floor as increased by the floor rise and preferred location charge as is being
offered by the Company at the relevant time multiplied by the Area of the Premises multiplied
by 0.95 multiplied by [the Agreement Value actually paid less the amount of TDS/MVAT/Service
Tax] divided by the total Agreement Value.
Prevailing Base per Square Foot Rate = the lower of (a) the base selling price per square foot as mentioned in the last
agreement registered by the Company in the flat of the same typology in the said Tower of the Project or (b) the base selling
price per square foot being the lower of the price as determined by at least two (2) of the following internationally reputed
valuers namely Knight Frank, Jones Lang LaSalle, Cushman & Wakefield and C B Richard Ellis (the Valuation Expert) as shall
be appointed by the Applicant at its own cost and expense.
9A. Cancellation:
9A.1.
Notwithstanding anything contained hereinabove in the event that there is any delay in handing over possession of
the said Flat within six (6) years from the date hereof (Delivery Date) and the Applicant wishes to cancel the Agreement
for Sale after the Delivery Date and seeks refund of his/her monies, then the amount to be paid by the Company to the
Applicant will be the higher of the following two amounts (a) the total Agreement Value paid by the Applicant to the Company
plus interest thereon at 9% (after deduction of TDS as applicable); or (b) an amount equivalent to the Fair Value computed in
terms of Clause 9.2 (after deduction of TDS as applicable).
9A.2.
Notwithstanding anything herein contained, if the Applicant wishes to withdraw or cancel the reservation, for any
reason whatsoever, or commits breach of any of the terms and conditions of this Request for Reservation and/or the
Agreement for Sale, the Company may reject the request or cancel the reservation and shall be entitled to terminate the
Agreement for Sale by giving a written notice to the Applicant and in that event, the Company shall be entitled to deduct
10% of the Agreement Value (including the Reservation Fees) and the brokerage, if any, as Cancellation Charges from the
amount paid by the Applicant. The balance amount, if any, shall be refunded to the Applicant without interest (after deduction
of TDS as applicable) within 3 months from the date of the said written notice.
9A.3.
In the event of withdrawal/ rejection/ cancellation as per this clause 9 and 9A, the Applicant shall not have any right
or claims of any nature with regard to the said Flat and the Company shall be entitled to deal with the same in the manner as
it deems proper. All amounts paid by the Applicant towards TDS, service tax, MVAT, stamp duty, registration charges and all
other taxes duties and charges paid/payable upto the date of cancellation shall stand forfeited and further all statutory
charges including stamp duty and registration charges, etc. payable towards cancellation of the same shall be borne by the
Applicant. However, in the event that the Applicant is in a position to himself/herself obtain a refund of any such amount in
accordance with the provisions of law then the Company shall not object to the same if it does not adversely affect the
interest of the Company. In case of Service Tax and MVAT, the Company shall make reasonable representations to the
concerned authorities for refund thereof and if any such refund is granted in the particular case of the Applicant then the
same shall be refunded to the Applicant after deduction of all costs charges expenses and taxes incurred
10. Lock-in Period and Processing Charges:
An Applicant is restricted to sell or transfer to a third party his interest in the said Flat and under the Request for Reservation
and/or Agreement for Sale during the lock in period of 6 years from the date of Request for Reservation or till the delivery of
possession, whichever is earlier. For any such transaction after the lock in period up till society formation of the said Flat, the
Applicant would be required to obtain a written consent in the form of a No Objection Certification from the Company along
with payment of processing charges at the rate of 4% plus applicable service tax thereof on the deal value of the resale, as a
facilitation fee. The Company will have sole discretion whether to grant the NOC or not, or to grant NOC with conditions
applicable.
11. Disbursal from Banks / Financial Institution:
If the Applicant(s) obtains a loan from any bank or financial institution for payment of the consideration (or part thereof) in
respect of the said Flat, the applicant shall solely be responsible and liable to ensure that the payment, as and when due, is
made by the bank or financial institution without any objection. Any delay or default, by such institution for any reason, in
disbursal of such amounts, as and when due, shall constitute a delay in payment from the applicant and will be treated as a
breach of the terms of reservation / Agreement of Sale.
_____________________
______________________
Signature of Applicant
_____________________
______________________
Signature of Applicant