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1 Proforma of Allotment Letter

This allotment letter informs the recipient of their allocation of a flat/commercial premises in the MALAD WEBB project, including details on the unit, parking spaces, and payment terms. It outlines the conditions for possession, interest on late payments, cancellation policies, and the execution of the sale agreement. The document also includes a schedule for project completion and confirms that the unit is free from encumbrances.

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Sanjay
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0% found this document useful (0 votes)
36 views8 pages

1 Proforma of Allotment Letter

This allotment letter informs the recipient of their allocation of a flat/commercial premises in the MALAD WEBB project, including details on the unit, parking spaces, and payment terms. It outlines the conditions for possession, interest on late payments, cancellation policies, and the execution of the sale agreement. The document also includes a schedule for project completion and confirms that the unit is free from encumbrances.

Uploaded by

Sanjay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ALLOTMENT LETETR

Date: 27.06.2023

To,

Name-
R/o-
Mobile Number-
Adhar Card No.-
Email ID:-

Subject: Your request for allotment of flat/ commercial premises/ plot in the
project known as “MALAD WEBB” having MahaRERA registration No
New Project.

Sir / Madam,

1. Allotment of the said Unit:-

This has reference to your request refereed at the above subject. In that
regards, I/ we have the pleasure to inform you that you have been allotted a
__________ BHK flat/ Villa/bungalow/commercial premises bearing No.
_________ admeasuring RERA Carpet area _________ Sq. mtrs equivalent
to ______ Sq. ft. Situated on ______floor in building MALAD WEBB
Block____________ / Wing _________ in the project known as, MALAD
WEBB, Survey No. 382 Hissa No. 1/2, CTS No. 762-C and 762-1C, 2C
and 3C, street 19/1, Brahman Sabha Road, Taluka – Borivali, Malad
(West), Mumbai-400 064. Having MahaRERA Registration No. New
Project Admeasuring _____Sq. mtrs for total consideration of
Rs._____________(Rupees.__________________ in words
______________) Exclusive of GST, stamp duty, and registration charges.

2. Allotment of garage/ covered parking space(s):

Further, I / We have the pleasure to inform you that you have been allotted
along with the said unit, garage(s) bearing No (s) ___________
admeasuring _Sq. mtrs equivalent to ___________ sq ft/ covered car
parking space (s) at______ level basement/ Podium bearing No(s) ______
admeasuring ___Sq. mtrs. Equivalent to _________ sq. ft/stilt parking
bearing No(s), admeasuring sq. mtrs equivalent to _____ sq. ft/ mechanical
car parking unit bearing No(s) ________admeasuring __sq. ft/ mechanical
car parking unit bearing No(s) _____________admeasuring _sq. mts
equivalent to ___sq. ft on the term and conditions shall be enumerated in
the agreement for sales to be entered into between ourselves and
yourselves.

3. Receipt of Part Consideration :

I/we Confirm to have received form you an amount of Rs. __in


Figures_______

(Rupees.__________ (inward)______________ Only, (this amount shall


not be more than 10% of the cost of said unit) being_______% of total
consideration Value of said unit as booking amount/advance payment
on_____Through___________.

4. Disclosure of Information:

I/We 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
III. The Website Address of MahaRERA is
https://maharara.mahaonline.gov.in/#

5. Encumbrances:

I/We hereby confirm that the said unit is free from all encumbrance And
I/We hereby further confirm that no encumbrance shall be created on the
said unit.

6. Further Payments:

Further payments towards the consideration of the said unit as well as of


the garage(s)/covered car parking space(s) shall be made by you, in the
manner

And at the time as well as on the terms and conditions as more specifically
enumerated/stated in the agreement for sales to be entered into between
ourselves and yourselves

7. Possession:

The said unit along with the garage(s) covered car parking space(s) shall be
handed
over to you on or before 30/06/2025 subject to the payment of
consideration amount of the said unit as well as of the garage(s)/covered
car parking space(s) in the manner and at the times as well as per the term
and conditions as more specifically enumerated/stated in the agreement for
sale to be entered into between ourselves and 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 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 an amount is 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 day of receipt of your letter requesting to cancel the said
booking.

Sr. No. If the letter requesting to cancel the Amount to be deducted


booking is received,

1. Within 15 days of the issuance of the Nil:


allotment letter;

2. Within 16 to 30 days from the issuance of 1% of the cost of the


the allotment letter; said unit;

3. Within 31 to 60 days from the issuance of 1.5% of the cost of the


the allotment letter; said unit;

4. After 61 days from the issuance of the 2% of the cost of the


allotment letter. said unit;

ii. In the event amount due and payable referred in Clause 9

i) Above is not refunded within 45days 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 calculation 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 payments of GST, stamp duty of receipt of your letter
requesting to cancel the said booking, you shall be entitled to receive the
balance amount with interest calculation at the rate which shall be the state
Bank of India highest Marginal Cost of lending Rate plus two percent.

11. Proforma of the agreement for sale and binding effect:


The Proforma of the agreement for sale to be entered into between ourselves
and 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 yourselves until compliance by yourswlves of
the mandate as stated in Clauses 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.

ii) If you fail to execute the agreement for sale and appear for registration
of the same before the concerned Sub-Registrar within the stipulated
period 2 months from the date of issuance of this letter or within such
period as may be communicated to you, I/ 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, I / we shall be entitled to cancel this allotment letter
and further I we shall be entitled to forfeit an amount not exceeding 2%
of the cost of the said unit and the balance amount if any due and
payable shall be refunded 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 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 yourselves. Cancellation of
allotment of the said unit thereafter, shall be covered by the terms and
conditions of the said registered document.

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 yourselves. Cancellation of allotment of the said unit
thereafter, shall be covered by the terms and conditions of the said
registered document.

14. Headings:

Headings are inserted for convenience only and shall not affect the
construction of the various Clauses of this allotment letter. Signature.......

Name.. (Promoter(s)/ Authorized Signatory)

Date:

Email Id.

Place:
CONFIRMATION & ACKNOWEGEMENT

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 conditions as
stipulated in this allotment letter.

Signature

Name___(Allottee/s)

Date

Place
Annexure-A

Stage-wise the schedule of completion of the project

Sr. No Stages Date of


completion
1. Excavation
2. Basements(if any)
3. Podiums(if any)
4. Plinth
5. Stilt(if any)
6. Slabs of Super Structure
7. Internal Walls, Internal plaster, Floorings, Doors and
windows within Flats/ Premises
8. Sanitary Fitting within the Flat/ Premises
9. Sanitary electrical and water supply fitting within the
said units
10. External plumbing and external plaster, elevation,
completion of terraces with waterproofing
11. Installation of Lifts, Water Pumps, Fire Fighting
Fittings and Equipment as per CFO NOC, Electrical
fittings, mechanical equipment, compliances to the
condition of environment/ CRZ NOC, Finishing to
entrance lobby/s. plinth protection, paying of area
apartment to Building / Wing, Compound Wall, and
all other requirements as may be required to
complete the project as per specification in the
agreement of Sales. Any Other activities.
12. Internal Roads & Footpaths
13. Water Supply
14. Sewerage (Chamber, lines, Septic Tank, STP)
15. Storm Water Drains
16. Treatment and disposal of sewage and sullage Water.
17. Solid Waste Management & Disposal
18. Water Conservation / Rain Water harvesting
19. Electrical meter room,
Sub – station receiving station.
20. Other (Option to add more).

Promoter(s)/ Authorized Signatory

_____________________

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