Date:

To,
DEUTSCHE BANK
Goregaon (East),
Mumbai : 400063

Dear Sirs,

Re: Flat No. B-104 And Mr. Hitesh H. Masrani in the building called
Ruby Vihar Co-operative Housing Society Ltd.

This is to confirm that our above named society registered under No.
MUM/WR/HSC/TC/12823/2004-2005 dated 22.02.05 is the owner of
the above building pursuant to the conveyance dated NIL registered under
No. NIL dated NIL
The deed conveying/transferring the land and the said Building to our society
is not yet executed and it will be done in due course. Subject to title
clearance certificate by Mr. Kirit Damania annexed with agreement.

Mr. Hitesh H. Masrani is a member of our Society and share certificate No.
32 for shares bearing distinctive Nos.161 to 165 stand in his name and the
said flat is possessed by him/her.

We hereby assure you that the said flat, as well as the said building and the
land appurtenant thereto are not subject to any encumbrance, charge or
liability of any kind whatsoever and that the entire property is free and
marketable. Subject to title clearance certificate by Mr. Kirit Damania.

We further confirm that we have a clear, legal and marketable title as

referred above to the said property and every part thereof, and that all taxes
and dues in respect thereof have been paid upto date. We also confirm that
there are no outstanding dues/charges payables by the said Member in
respect of the said flat and he/she has paid all the taxes/dues in respect of
the same upto date.
We confirm that there are no restrictive/negative covenants in the Bye
laws/Rules of the above-mentioned society concerning the transfer of
shares/members interest in the society and other related matters.

We confirm that we have no objection to your giving a loan to the said

member and his mortgaging the said flat to you by way of security for
repayment of the said loan.

And we undertake to register the aforesaid charge on the said flat and the
said shares on completion of the transfer formalities without any legal and
moral liabilities and responsibilities.

Yours faithfully,

Authorised Signatories
(Secretary AND/OR Chairman/President)