LRAHEJA Date: Place: New Delhi To, M/s Raheja Developers Limited 317,3"Floor, Raheja Mall, Gurugram SUBJECT: APPLICATION FOR APPOINTME! 'T AS REAL ESTATE AGENT. Dear Sir, Uwe .... wish to apply for appointment of REAL ESTATE AGENT through its / our authorized representative vide . dated... board resolution No. directors DIN No... ...duly signed and issued by board of and Aadhaar we also undertake to provide details of company's/owners/partners, theit Aadhaar Card, PAN card, GST Number and address proof, company's turnover etc. in the required format given in the end of the application form (enclosures and documents). Contact details of all the directors/partners/proprietor Landline Number Mobile Numbers WhatsApp Numbers Email ids Alternate EmailsLRAHEJA Wwe understand and accept that this is only an application form/expression of interest and that appointment by the Company will be subject to due diligence and approval from the authorized representative of the Company. This appointment shall not expressly and impliedly constitute any Principle — Agent/authority, relationship between Raheja Developers Ltd (hereinafter called THE COMPANY) and Real Estate Agent. Not withstanding anything contained hereinafter, I/ we shall only procure and solicit business for the projects of the Company and the business so solicited or procured by me/us shall be subject to ratification and approval by the Company. V/ we admit & acknowledge to give professional & transparent presentation to intending and prospective customers to procure applications of plots of commercial or residential Land(s) /Floors/Villas Apartments / Houses / Shops / Offices and any other property promoted by the Company (hereinafter referred to as “The Properties”) at a certain price and on certain terms and conditions as may be stipulated by the Company from time to time. As the Company has several ongoing /upcoming projects, the said bookings are to be processed only for RERA registered projects. However, I/ we may assist the company in demand surveys without soliciting any booking amount or payment for or on behalf of the ‘company only for the purpose of determining the market demand or customer preferences with respect. to design and ongoing trends/needs/market requirements. I/we understand and agree that the rates prevailing on the day on which the application form for the booking of permitted saleable unit is logged in and accepted by Company shall apply and not the rates on which l/ve have taken the booking from the customer. The bookings facilitated by me/us shall always be subject to the confirmation of acceptance by developeratits sole discretion, we shall submit online customer booking applications with net banking/ e-banking remittances or physical copies along with account payee cheques/pay orders/demand drafts drawn in favor of the company or its nominee(s) and would submit such instruments to the Company and obtain appropriate receipt. I/we am/are strictly barred from collecting or receiving cash against booking(s)/installment or from issuing receipts/acknowledgements to the customers on behalf of the Company. I/we understand and accept that itis the sole responsibility of mine/us to get the “Agreement to Sell” signed from our respective customers within 30 days from date of acceptance of application and submit tothe Company duly signed complete with al the formalities and annexures. Itis mandatory for the Real Estate Agent to have RERA registration and to comply with section 9 and 10 of RERA Act and specially to understand written/printed terms and conditions of the application form, current prices, designs and layouts, location etc. properly and explain to the customer clearly before accepting the bookings. The Company shall not entertain any oral requests for change in terms and conditions or oral representation or to commit for interest waivers or default condonation under any circumstances nor incomplete application forms shall be accepted and no misrepresentation should be givento the customer. That LAve shall arrange meetings, conferences, exhibition, audiovisual presentations, and road shows etc. on individual / group basis at mine/our own cost and expenses. The same can be reimbursed with the prior approval of the Company atits sole discretion.10. 12. 1B. 14. 15, LRAHEJA ‘That L’we shall exercise all reasonable care and skills in the performance of mine/our duties and shall act, faithfully towards the Company. ‘That I/we shall provide training and development programme to mine/our staff as well as others who deal with the prospective customers with respect to registration of properties of the Company with ‘complete technical and financial policy & procedure inter-alia terms and condition of application form issued by the Company. Any false statement or commitments which are beyond the policy and procedure laid down by the Company could lead to termination of this application and Company shall not be vicariously liable fornot issuing default notices. ‘That if and when I/we have to publish any advertisement or issue any pamphlet or literature including social media posts regarding the sale of any property /project of the Company, l/we shall take the prior approval of the Company on the text and design of such advertisement, pamphlet or literature and unless otherwise agreed, I/ we alone shall be solely responsible for misrepresentation, ‘That I/ we shall abide by the rules and procedure laid down under the Foreign Exchange Regulation Act, 1973 and Foreign Exchange Management Act, 1999 in so far as the mode of payment and acquisition of immovable property by Non ~ Resident Indians and Foreign nationals of Indian Origin are concerned are complied with in accordance with the same. ‘That at the time of submission/uploading of an application form for booking by me/us, it is mandatory that all the desired fields in the form should be filled and complete in accordance with terms and conditions laid therein. It shall be accompanied with the photocopy of PAN card, signatures on each page of the application form and its attachments, self-attested photographs of the applicant along with address proof. ‘That Live shall not solicit or try to obtain any list of the enquiries/visiting or existing customers/booking, holders of the Company’s projects through any mode nor shall I/we would do any tele-calling or SMS to the pre enquiry customers/booking holders of the Company other than the clients booked and facilitated by me/us. ‘That I’we or my/our representative musthave accompanied the client when the client had first visited the site claiming that particular booking. Data available with the Company in visitor’s register or at Company’s systems/ first log in will be taken as a final and conclusive proof of the client having been facilitated through the relevant broker. Therefore, it is my/our obligation to fll, sign and upload the duly filled up, signed application form of the customer along with duly filled up VISITOR REGISTRATION ‘onavailable online portal and get mine/our client's visit noted while visiting the site office. Ifa client has visited the site or office with more than one Real Estate Agent, then First visit of the client and first uploading of the application form on Company portal with unique registration ID and stamp will be considered as conclusive proof for approval of payment/fees/charges. In case there are more than ‘one Real Estate Agents claiming a joint commission bill, no claim letter will be submitted mutually. At the same time, it is mandatory to fill the booking data form/Real Estate Agent acknowledgment form which is simply a document which records the agreed price for the purchase of any property in any of the Company projects along with the undertaking. It is also mandatory that the original Application form will be signed and stamped in advance during the submission of the booking with the Company. In addition to the above mentioned every form shall also contain the following:16. 17, 18. 19. 20. 21. LRAHEJA a) Identity of the client. b)Date and Place of booking. c) Description of Property. d)Price offered to the client. ‘That in consideration of the above services rendered by me/us, the Company will pay me/us commission. in Indian Currency on “The Properties” for which registration/booking is received through me/us and accepted by the Company @ 1% of BSP (Basic Sale Price plus PLC ete. Except pass on charges like EDC/IDC/IAC/IBMS/IEMS/Club membership/ Common parking etc.) However ifa Real Estate Agent completes the following target within prescribed time lines, he/she will get Product Promotion Reimbursements/Marketing support over & above 1% commission subject to submission of actual bill of expenses for promoting sales of the Company. Product promotion reimbursements include bills! payments/expenses of social media campaigns such as Facebook, WhatsApp, Twitter, Instagram etc. print media campaigns, boards, hoardings, banners, exhibitions, events, liaison, salaries, facilitations/ solicitation expenses etc. provided the said expenses were used to promote RAHEJA BRAND AND ITS PRODUCTS. The product promotion reimbursement percentage applicable project wise has to be reconfirmed/acknowledged officially by booking control department. You may reach out to them on bookingcontrol@raheja.com for any clarification, understanding of the same. This reimbursement vary from time to time and project to project and it may be in the range of 2% to 5% over and above the commission, Booking solicitors/facilitators must always be abreast of the same before closing any booking or facilitating any discounts/gifts/commitments from their side and on their account including any expenditure incurred to procure such bookings. However, there are distinct target incentives to the performing Real Estate Agents/facilitators which are currently applicable on the following slabs: FOR BUSINESS OVER 3 CRORES-1% FOR BUSINESS OVER 10 CRORES-2% FOR BUSINESS OVER 25 CRORES - 3% FOR BUSINESS OVER 100 CRORES—4% ‘These target incentives become applicable once a real estate agent has crossed the above targets ina year from the date of appointment of Real Estate Agent. ‘That at the time of launch of a project, the Company shall have sole discretion to accept booking subject. to availability and demand in the project. The Real Estate Agent shall not claim or raise any dispute whatsoever with respect to the allotment and the Company shall remain indemnified against third party promises or commitments. ‘That the amount of commission due will be paid by the Company in accordance with Clause- 16, subject to the condition that Company has received in its hands at least 25% of the Basic Sale Price(BSP), of the property and the intending purchaser of the property has executed and submitted to the Company, the Registered Agreement to Sell. However, on receiving 10% of total amount as detailed above Company shall release 50% of commission due at its sole discretion and balance 50% shall be released on22. 23, 24, 25, 26. 21. 28. 29. 30. 31. LRAHEJA receiving 25% of total consideration as detailed above. The brokerage will be paid on cumulative basis on total business done by the Real Estate Agent, That in case the Real Estate Agent lets out on rent/lease any of the Company’s flats/shops/offices, the commission for such services rendered by him/her shall be equivalent to the rent of one month of the respective flats/shops/offices. That any approval /authorization / clearance to be obtained by the Real Estate Agent beyond the terms and conditions hereof shall be obtained in writing from the management of the Company duly ratified by aboard resolution, ‘That this arrangement shall remain in force for 1 year from and thereafter shall be determinable by either party on giving one month’s notice in writing to the other party. This shall supersede earlier agreement for this limited time period. ‘That the Company at his sole discretion may renew the appointment with any amendment in terms and conditions herein mentioned. After the renewal of the contract the commission slab for the next year will also be same as mentioned in the application until and unless changed by the Company. ‘That the real estate agent undertakes and indemnifies the Company forany misrepresentation, breach of terms and conditions and undertakes not to receive any payment in its own account by representing himself to be having any authority to financially operate or collect any financial transaction for and on behalf of the company. All the payments are to be received in the designated RERA accounts of the Company only. That if any dispute or difference arises between the Real Estate Agent and the Company, the same shall bereferred to the mediator nominated by managing director of the company failing which the same shall bereferred to Arbitration to be held in accordance with the provisions of the Arbitration and Conciliation. ‘Act, 1996, The venue and seat of the Arbitration shall be New Delhi. ‘That the courts at New Delhi alone shall have jurisdiction in all matters arising out of and/ or concerning all transactions. That the Company shall not be responsible for anything done by the real estate agent beyond and in contravention of the terms and conditions mentioned herein. That the real estate agent shall conduct its business in transparent and honest manner, which is not prejudicial to the interest of the Company in any way and shall always be above board in his/her dealing with the Company as also with the customers. In case of any complaint against his/her conduct, the Company shall have the right to terminate the appointment at its sole discretion immediately and make payment after deducting any wrong full loss suffered by the Company or its customer(s) on account of his/her misconduct or misrepresentation and in case such loss exceeds the amount of commission, he/she will also be liable to pay such excess amount to the Company. However it does not ratify any commitments which are held without information or written permissions of the Company. Alll the expenses incurred for soliciting enquiries and converting sales shall be borne by the Real Estate Agent and nothing will be reimbursed without pre approval. No advertisements prior to official launch by the Company using Company name or Company logos will be allowed. In case of shared32. 34. 31. LRAHEJA advertisement between the Company and the Real Estate Agent, 50% of the advertisement cost will be bore by the Company and the balance 50% by the teal estate agent. Advertisements released by the real estate agent must be approved for design, type, creative, size and cost and medium in advance before each release. This will apply both to joint advertisements with the Real Estate agent as well as for advertisements released by The Real Estate Agent in his/her own individual capacity. The launch advertisements of various projects may be released by the Company for the Real Estate agent on a uniform design and 50% of such advertisement bill will be debited in the commission payable account without approval from the real estate agent up to a maximum of 10% of the total brokerage commission without any objection. The Company will not bear any cost towards an advertisement released by a Real Estate Agent in contravention to the above. The Real Estate Agent must be registered as per THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 with the concerned RERA Authority or any other statutory authority as. applicable. The Real Estate Agent shall furnish copy of registration certificate at the time of signing of this application. Special bookings such as lease booking, back up return bookings or lump sum sales ete, will not be allowed or form part of this application and shall be dealt with separately and are subject to written pre- approval. ‘That the Real Estate Agent will not offer any discounts on the Company’s basic sale price in writing or through advertisement at any point of time. However, the real estate agents are entitled to give discount maximum up to 1% on the Company’s existing rate. In such a case his/her brokerage! reimbursement/incentive percentage will be reduced to the extent of discount offered by him/her. This discounts permitted to accommodate only their preferred customers, not everyone, . That any commission already paid shall have to be refunded or adjusted in case the booking is cancelled ata later date as also in case of cancellations, the sale value of the cancelled unit would be deducted from the total booking/sale value already done till date for the purpose of calculating incentive/ compensation/commission slabs applicable. ‘That the Real Estate Agent shall not misrepresent any fact or information regarding Company's projects, indulge in any fraudulent or misleading activity, replicate project and or Company's website in any manner whatsoever or post any false and misleading content on the web-portal. If due to any of the aforesaid illegal and irresponsible acts on the part of the Real Estate A gent, the Company is dragged into any disputes/litigation/courts proceeding then the Real Estate Agent shall be liable to fully indemnify the Company against all the costs and expenses incurred on such settlement of disputesIlitigation/court proceedings. The Company further reserves its right to take appropriate legal action against the said Real Estate Agent. That Real Estate Agent shall also not book/block/use websites/domains similar to Company project name/domain name nor put up a website which is similar in look and feel of the official Company website hence trying to misrepresent himself/herselfas the Developer as this is liable to attract legal prosecution That the properties sold by the Real Estate Agent can only be transferred once the Agreement to Sell is. executed by the Company and at least 25% payment has been received. Transfer charges shall be applicable.LRAHEJA ENCLOSURES/ DOCUMENTS REQUIRED (photocopies must be self-attested) 1) Photographs of all the directors/partners/individual 2) Aadhaar Card ofall the directors/partners/individual 3) PAN Card of company/firm/individual 4) Memorandum & article of association ifreal estate agent isa company 5) Partnership deed ifreal estate agent isa firm 6) Proprietorship letter if real estate agent is doing business in individual name 7) GSTNumber 8) ID proofs ofall the directors/partners/individual 9) Address Proof ofall the directors/partners/individual 10) Photos of office/place of work- Copy with google location 11) RERA registration certificate of the company/partners/individual 12) Tumover forlast 5 years (Copy of balance sheet, ifany) 13). Resolution from company/firm to authorize a director/partner to sign 14) Crossed letterhead and cancelled cheque copy ofthe company ForNon-Registered real estate agent, an undertaking is to be submitted to get himself/herself registered with RERA before claiming the commission/brokerage. Signature of the Applicant/ Real Estate Agent with stamp Date:LRAHEJA FORINTERNAL OFFICE USE: We have perused the application of M/S ... for appointment of “Real Estate Agent” and subject to unconditional acceptance of terms and conditions of this application form and relying upon the documents/declarations signed and submitted by the Real Estate Agent, the said application is accepted. Signature: Authorized Representative / Employee name and code Date: (Signature) Approved By (Name): Date: (Signature) Verified/ Due Diligence Done By (Name): Thanking you, For RAHEJADEVELOPERS LTD.