BUYER(S) THIRD - ugc-inno-nehu.com iou.pdf · Municipality, Maraimalai Nagar vide its letter bearing no. 413/2015 dated 6th November 2015 for one portion of the Project Land for development

INDENTURE OF UNDERSTANDING

This Indenture of Understanding (“ IOU”) is executed at Chengalpet, Tamil Nadu on this ________

day of __________

BETWEEN

M/s. ASHIANA HOUSING LTD. [PAN No. AADCA9093P], a Company incorporated under the

Companies Act, 1956, [CIN No. L70109WB1986PLC040864], having its Registered Office at 5F,

Everest, 46 /C, Chowringhee Road, Kolkata, West Bengal and Local Office at No.10, First Floor, GJ

Complex, First Main Road, CIT Nagar, Chennai- 600 035,represented by its Authorized Signatory Lt.

Col. VIJAY MOORTHY, S/o V. P. Moorthy aged about 46 years ID (PAN AFNPM5227K) vide

Board Resolution dated 17.02.2016 (hereinafter called the "DEVELOPER” or “FIRST PARTY”)

party of the FIRST PART.

AND

M/s. ESCAPADE REAL ESTATE PVT. LTD. [PAN No. AABCE7454J], a Company incorporated

under the Companies Act, 1956, [CIN No. U70101TN2007PTC062236], having its Registered Office

at No. 3, Ganapathy Colony, 3rd Street, Off Cenotaph Road, Teynampet, Chennai- 600018

represented by its Authorized Signatory ________________________ (PAN _________________)

vide board resolution dated _____________, (hereinafter called the " CONFIRMING PARTY”)

party of the SECOND PART"

AND

Mr.Sankarampadi Aravamudhan, S/o Mr. Sankarampadi Krishnaswamy, resident of Dr. S. Aravamudhan Professor Emeritus Ex Lecturer in Chemistry N.E.H. University Campus, Shillong, Meghalaya, India 793001; hereinafter referred to as the BUYER(S) of the THIRD

For Escapade Real Estate Pvt. Ltd

Authorized Signatory

For Ashiana Houisng Ltd .

Authorized SignatoryBuyer (s)

(The Developer, Confirming Party and Buyer/s shall be individually referred to as "Party" and

colectively as "Parties")

WHEREAS

A. The Confirming Party is the Owner of the land parcel admeasuring 45 acres and 05 ½ cents under

various survey numbers situated at Sengundram Village, Govindapuram Hamlet, Maraimalai Nagar

Municipal Limit, Chengalpet, Taluk, Kancheepuram District, Tamil Nadu (hereinafter referred to as the

Entire Land) more particularly described in Part I of Schedule A, having acquired the same from Mr.

S. Devaraj and 72 others, vide a Deed of Sale dated 07/05/2007 registered as Doc.No.6596/2007, on the

file of the Joint-II Sub-Registrar, Chengalpet, Chennai.

B. The Confirming Party has taken approvals as per requirement of the applicable law(s) from the Director,

Town and Country Planning, Chennai, Tamil Nadu (hereinafter referred to as “DTCP”) for developing

the Entire Land.

C. The Confirming Party as contemplated in the norms of Town and Country Planning Department,

Chennai, Tamil Nadu has released and relinquished a portion of the land measuring 16088.63 sq. mtr

and 5651.02 Sq. mt. for road and 18260.76 sq. mt. towards open space reservation area from the Entire

Land in favour of Maraimalai Nagar Municipality Chengalpet vide 2 gift deeds as per Development

Rules and the same were registered as Document No.4449/ 2008 and 5026/ 2013 respectively in the

Office of the Joint-II Sub-Registrar, Chengalpet, Chennai.

D. The Confirming Party is developing/has developed a portion of the Entire Land as a residential group

housing project consisting of Villas and plots under the name of Villa Viviana.

E. The Confirming Party has nominated, constituted and appointed the Developer to be the true and lawful

attorney in its name and on its behalf to do, execute, perform or cause to be done, execute and perform

from time to time, at its sole discretion all or any of the acts, deeds, matters or things in relation to the

Project for the marketing, selling, development and construction on the remaining portion of Entire

Land measuring 20 acres and 20 cents (hereinafter referred to as the Project Land) more particularly

described in Part II of Schedule A on the terms and conditions as enumerated in the Power of Attorney

dated 3rd December, 2014. The said Power of Attorney (hereinafter referred to as the POA) has been

duly registered with the Office of the Joint II Sub Registrar, Chengalpet as Document No. 14815/ 2014

Book No. [1] and is currently valid and in force.

F. In furtherance of rights vested in the Developer by virtue of the aforesaid POA, the Developer has

proposed to develop group housing projects on the Project Land and initially proposed for a senior

living project under the name and style of “Ashiana Shubham” or the Project on one portion of the

Project Land comprising of several Units, Parking facility, convenient shopping etc. to be developed in

a phased manner.

G. The Confirming Party obtained planning permit from the Commissioner, Maraimalai Nagar,

Municipality, Maraimalai Nagar vide its letter bearing no. 413/2015 dated 6th November 2015 for one

portion of the Project Land for development of a group housing project.

H. Ashiana Shubham is a theme based senior living project to cater to the needs of a particular category of

the society and therefore the Confirming Party and the Developer have derived the following special

terms and conditions (“Senior Living Scheme”) to be mandatorily complied with by the Buyer at all

times:

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(i) The person living or resident or the spouse of the said resident(s) should be atleast 55 years of age at the time of occupancy;

(ii) The person living or the resident or the do not suffer from any contagious disease or alzheimer and are not terminally ill or of unsound mind at the time of admission or occupation of the Unit;

(iii) On allotment and possession of the Unit the Buyer shall be at liberty to let out or grant lease/rent/license of the Unit to anyone who fulfils the conditions mentioned in Clauses (i) and (ii) above ;

(iv) The children / grand-children or other relatives or friends below the age of 55 years may stay

with the Buyer or his spouse or the tenant or the licensee, as the case may be, for a period of

short duration/stay as decided from time to time in consultation with senior living community

association. However unmarried / widowed daughter can stay with the resident on a permanent

basis.

I. The Buyer prior to the execution hereof has perused and has taken inspection of the documents and has

otherwise satisfied himself about the right, title and interest of the Developer to plan, construct and sell

the aforesaid residential Project for senior living over the portion of Project Land and is also aware of

the fact that the Developer and/ or Confirming Party have entered and /or is entering into separate

Indenture of Understanding/s with several other persons and/or parties who are interested in acquiring

the proposed Units/ flats, Parking facility etc.

J. The Developer has launched the first phase of the Project over the land to the extent of 11135.4 sq.mtr.

(119860 sq.ft.) (hereinafter referred to as Phase I Land) comprised in survey no. 389/4A (16), 389/4D1

(P) (14), 394/5A & 8B2 (P) (70),394/5B (P) (86), 394/8A (P) (23), 394/8B1 (P) (23), 394/9(22),

394/10A (17), 394/10B (17), 394/11A (10), 394/11B (10), 394/12 (58), 394/14A (P) (13), 394/14B1

(12), 394/14B2 (17), 394/14B3A (06), 394/14B3B (06) of Sengundram Village, Govindpuram Hamlet,

Maraimalai Nagar municipal limit Chengalpattu Taluk, Kancheepuram District and more particularly

described in Part III of the Schedule A and the Developer and the Confirming Party shall convey

undivided share of Phase I land to prospective Buyers of the Units developed/ to be developed on Phase

I Land in proportion to the Super Built Up Area of each Unit.

K. The Buyer has also inspected and/or otherwise satisfied himself about the Building Plans and approvals/

sanctions required to obtain for developing a residential project, obtained by the Developer and the

Confirming Party and is desirous of acquiring a Unit / flat along with a Parking facility in the said

Project more fully described in the Schedule B hereto upon the terms and conditions hereinafter

mentioned.

L. The Buyer has performed all necessary due diligence of the Entire Land including but not limited to the

Project Land/ Phase I Land and has fully satisfied himself/ herself/themselves about the rights, interest

and title of the Developer in the Project and the Project Land/ Phase 1 Land as well as the right to

develop, sell and market the undivided share/units/buildings in the Project as per the prevailing

bye-laws/ guidelines of DTCP , Tamil Nadu and/ or any other government authority and the Buyer has

understood all limitations, restrictions and obligations in respect thereof. The Buyer assures the

Developer that the investigations by the Buyer are complete and the Buyer is fully satisfied that the

Developer is competent to enter into this IOU. The Buyer further agrees to abide by the terms and

conditions of the IOU and all the permissions, sanctions, directions etc. issued/to be issued by the

governmental/competent authority(ies) in this regard from time to time.





M. The Developer has informed the Buyer that according to the market practice in Chennai, Tamil Nadu

and as per the prevailing laws in the state of Tamil Nadu any person desirous of owning a Unit in the

Project is required to enter into an Agreement for un-divided share in land (‘UDS’) and a Construction

Agreement separately with the Developer and / or Confirming Party simultaneously with this IOU.

Further the Buyer is also required to execute and get Construction Agreement and Sale deed for

proportionate undivided share in Phase I Land registered as and when called upon by the Developer and

/ or Confirming Party to do so.

N. The Buyer agrees to comply with all the terms and conditions of the IOU in general and the terms and

conditions as contained in Paragraph H of the IOU in particular during his occupation. Furthermore,

the Buyer also acknowledges that in the event of his default in complying with the aforesaid

requirements, including but not limited to all those set out hereinabove in Paragraph H, the Buyer is

aware that the agency appointed for the operation and management of the project and /or Resident

Welfare Association shall be entitled to initiate necessary recourse.

NOW THEREFORE, in consideration of, and subject to, the mutual covenants, agreements, terms and

conditions contained herein, the mutual benefits to be derived there from and other good and valuable

consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

ARTICLE 1: DEFINITIONS

In this IOU unless it is contrary or repugnant to the context shall mean and include:

1 “ARCHITECT” shall mean. M/s. Sen & Lall Consultants Pvt. Ltd., Patna and/or such other person or

persons and/or firm or firms and/or company or companies whom the Developer may appoint from time

to time as the architect for the said Project.

2. "AUTHORITY” shall mean Chennai Metropolitan Development Authority (“CMDA”) and/or Director

Town and Country Planning (“DTCP”), Government of Tamil Nadu.

3 “BUILDING” shall mean the building in which the Buyer has his/her Unit and/or Units.

4 “BUILT UP AREA” shall mean inner measurement of the residential unit at the floor level including

the projections and balconies as increased by the thickness of the wall and columns (100% area under

the wall which is not common with other units and 50% of the area under the walls which is common

with other unit or units).

5 “COMMON AREAS AND FACILITIES” shall mean such common areas and facilities within the

said Building and/ or Project earmarked for common use of all the buyers in the Project

6 “ENTIRE LAND” shall mean the land admeasuring 45 acres and 05 ½ cents more particularly

described in Part I of Schedule ‘A’ annexed herewith.

7 “INFRASTRUCTURE AND BASIC AMENITIES CHARGES ” shall mean the infrastructure and

basic amenities charges levied by Tamil Nadu Government on Ashiana Shubham while approving

Building Plans of the Project.

8 “HE OR HIS” shall also mean either she or her in case the Buyer is a female or it or its in case the

Buyer is a partnership firm or a company;

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9 “MANAGEMENT AGENCY” means Ashiana Maintenance Services Limited, a Company registered

under the Companies Act, 1956, having its Registered Office at 5F, Everest, 46/C, Chowringhee Road,

Kolkata - 700 071, or such other person as may be appointed in place and stead of Ashiana Maintenance

Services Ltd. in terms of the Operation and Management of the Project.

10 “OPERATION AND MANAGEMENT AGREEMENT” means a tripartite maintenance agreement to

be executed by and between the Developer, the Buyer and the Management Agency in the format

contained in Schedule “E”.

11 “LIMITED COMMON AREAS” shall mean the areas and facilities reserved for use of certain unit or

units to the exclusion of other units.

12 “PROJECT LAND” shall mean the portion of Entire Land admeasuring 20 acres & 20 cents more

particularly described in Part II of Schedule ‘A’ annexed herewith.

13 “PHASE I LAND” shall mean the portion of Project Land admeasuring 11135.4 sq.mtr (119860 sq.ft.)

more particularly described in Part III of Schedule 'A' annexed herewith.

14 “PARKING FACILITY” shall mean the open or covered parking facility reserved on the Phase I Land

or in the Building for parking a car and/or a scooter.

15 “PROJECT” shall mean housing Project known as “Ashiana Shubham” to be developed on the Phase

I Land comprising of all the Units/ flats, Parking facility, etc. constructed / to be constructed in several

buildings on the Phase I Land.

16 “SUPER BUILT UP AREA” referred to herein and elsewhere in this IOU comprises:

a) The built up area of the Unit/s;

b) The proportionate share of each Unit, of all the common areas, common amenities and services

including terraces, garden areas, club houses, basements, pathways, corridors, atrium/s, common

elevators/escalators/toilets, shafts.

17 “SALEABLE AREA” means the Super Built Up Area of the Units comprised in the Project.

18 “THE BUYER” shall mean and include:

(a) If the Buyer be an individual then his/her heirs, executors, administrators, legal representatives,

successors and permitted assigns;

(b) If the Buyer be a Hindu Undivided Family, then its karta and member(s) for the time being ,their

survivors and respective heirs, executors,administrators, legal representatives and permitted assigns;

(c) n case the Buyer be a Partnership Firm, then its partners for the time being, their respective heirs and

executors, administrators, legal representatives and permitted assigns; and

(d) In case the Buyer be a limited company, then its successor or successors-in-interest and permitted

assigns;

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19 “THE DEVELOPER” shall mean the above referred and shall include executors, administrators, legal

representatives, successors and permitted assigns;

20 “THE CONFIRMING PARTY” shall mean the party above referred and shall include its executors,

administrators, legal representatives, successors and permitted assigns;

21 “THE BUILDING PLANS” shall mean the plans and designs of buildings constructed/ to be

constructed on the Phase I Land which has been duly approved/ to be approved by the authority

including any variations therein which may subsequently be made by the Developer/ Confirming Party

and/or Architect(s).

22 “UNIT” shall mean the flat to be constructed and as explained and detailed in the Schedule “B” on the

undivided share of land in Phase I Land.

2.0 THE PROJECT

2.1 The Developer shall develop and construct a theme based Senior Living Project comprising of several

Units, parking facilities and other common facilities in accordance with the master plan/layout plan

/map/ drawings sanctioned by the competent authority(ies) under the name and style of Ashiana

Shubham with following special terms and conditions to be mandatorily complied with by the Buyer at

all times:

(i) The person living or resident or the spouse of the said resident(s) should be atleast 55 years of age at the

time of occupancy;

(ii) The person living or resident or the spouse do not suffer from any contagious disease or alzheimer and

are not terminally ill or of unsound mind at the time of admission or occupation of the Unit;

(iii) On allotment and possession of the Unit the Buyer shall be at liberty to let out or grant lease/rent/license

of the Unit to anyone who fulfils the conditions mentioned in Clauses (i) and (ii) above ;

(iv) The children/grand-children or other relatives or friends below the age of 55 years may stay with the

Buyer or his spouse or the tenant or the licensee, as the case may be, for a period of short duration/stay.

3.0 ALLOTMENT OF UNIT AND PAYMENT TERMS-

3.1 The Buyer agrees to acquire from the Developer a flat referred to as the Unit, more fully described in

the Schedule B for a total consideration as mentioned in Part I of the Schedule C hereunder

written and the Developer has agreed to allot the same in favor of the Buyer at the said consideration. In

addition to the above payments, the Buyer shall also be liable to pay operation and management charges

and various other charges detailed in this IOU, all of which are distinct and separate from the

consideration amount and other amounts recorded in Part-I of the Schedule C of this IOU.

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3.2 As per market practices in Chennai, Tamil Nadu and as per the prevailing laws in the State of Tamil

Nadu, every person desirous of owning a Unit/flat in the Project is required to execute an Agreement for

undivided share in Land (UDS) and a Construction Agreement with the Developer and / or Confirming

Party. Accordingly the Buyer agrees to enter into an Agreement for undivided share in Phase I Land

(UDS) and Construction Agreement for Unit with the Developer and / or the Confirming Party

simultaneously with this IOU. The total consideration of the Unit has been further allocated /

bifurcated in Agreement for UDS and Construction Agreement and has been mentioned in Part I of

Schedule C hereunder.

3.3 The said total consideration as allocated/ bifurcated in Agreement for UDS and Construction Agreement

shall be paid by the Buyer to the Developer as and in the manner set out in Part II of Schedule C

hereunder written.

3.4 The consideration as bifurcated in the Construction Agreement has been calculated on the basis of the

Super Built-up Area of the Unit. In case any difference is found in the Super Built Up Area of the Unit

at the time of taking final measurement after completion of the Unit/Building, the difference in

consideration amount shall be adjusted accordingly. The decision and certificate of the Architect with

regard to measurement shall be final and binding on both the Buyer and the Developer.

3.5 The consideration as bifurcated in the Agreement for UDS is calculated on the basis of proportionate

undivided share in Phase I Land.

3.6 The total consideration shall be subject to escalation so as to cover the increase in costs of material and

labour during the period of construction. However, such escalation shall be subject to the maximum of

10 % of the cost of the said Unit.

3.7 The Buyer agrees that the payments of all statutory charges like Infrastructure and Basic Amenities Charges (IBAC) etc. levied / leviable or any increase thereof by Director, Town and Country Planning, Chennai (DTCP) or any other government and local authority shall always be solely to the account of the Buyer, to be borne and paid by the Buyer in proportion of the Super Built-Up Area/ Salable Area of the Said Unit to the total Super Built-Up Area/ Salable Area of all the Units in the Phase I Land. The said charges (if any) shall be payable by the Buyer and all the other Buyers to the Developer as and when demanded. The Buyer agrees not to delay, or withhold or postpone the payments due for any reason whatsoever and in the event of the Buyer delaying, withholding or defaulting the payments any consequential sufferance or damages shall be at the risk and cost of the Buyer.

4.0 TIME IS THE ESSENCE-

4.1 The time is the essence with respect to the Buyer‘s obligations to pay the consideration as provided in

Part I of Schedule C along with other payments and other charges stipulated under this IOU to be paid

on or before due date or as and when demanded by the Developer as the case may be and also to

perform or observe all other obligations of the Buyer under this IOU.

4.2 Any breach of any of the terms of this IOU or any default by the Buyer in payment of the entire

consideration or any installment thereof on the due dates, for whatsoever reasons shall be construed as

the breach of this IOU committed by the Buyer and without prejudice to any other rights of the

Developer, the Developer may at their discretion/option, cancel this IOU as per the terms of this IOU.

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4.3 The Buyer shall make timely payment of all amounts under this IOU whether demanded or not by the

Developer. The Buyers acknowledges that non-payment/delay in making payment by him, adversely

affects the progress of the entire project and might expose the Developer /Confirming Party to liabilities

which cannot be quantified at the time of default. Hence, the Buyer agrees that in default of payment of

any amount in time, the Buyer shall pay to the Developer interest at the rate of 18 % per annum

compounded every month on all the amounts which become due and payable by the Buyer to the

Developer under the terms of this IOU. It is specifically agreed that time for payment of the

consideration amount by the Buyer to the Developer as set out in Part II of the Schedule “C”

hereunder written, shall be the essence of this IOU. Provided further that any amount paid by the Buyer

to the Developer shall be first appropriated towards interest, if any, and the balance towards the

principal amount. Such adjustment / appropriation of payments shall be done at the discretion of the

Developer and the Buyer undertakes not to object, protest or direct the Developer to adjust his/her/its

payments in any manner otherwise than as decided by the Developer in its sole discretion. The Buyer

expressly waives requirement(s) of service of any notice of such appropriation.

4.4 The right of the Developer to receive interest as aforesaid shall not entitle the Buyer to delay the

payment of any installment on its due date nor shall it amount to or be construed as a waiver on the part

of the Developer of any of its rights, remedies and privileges in case of default amount towards the

installment amount in the agreed manner by the Buyer.

4.5 For all payments, the date of clearance of the demand draft/pay order/cheque shall be taken as the actual

date of payment. The dishonor of the demand draft/pay order/cheque for any reason, in addition to other

available remedies, shall also entitle the Developer to charge from the Buyer bank charges for dishonor

of the said instrument and an additional amount of Rs.1,000/- towards administrative handling charges.

4.6 In the event: (i) the Buyer not clearing all his dues along with interest @ 18 % per annum within 60

days from the date the said amount become due & payable; and/or (ii) committing default in payment or

delay in remittances of payments on due date under this IOU of more than two instances; and/or (iii) on

the Buyer committing breach of any of the terms and conditions herein-contained, the Developer shall

be entitled, at its own option/discretion, to cancel and terminate this IOU in which event all rights,

including but not limited to the title and interest of the Buyer over the said the Unit shall stand

extinguished and the Buyer shall have no further right, title and interest over the said Unit and the

Developer shall be entitled to transfer/ sale the Unit to any other person at the risk and cost of the

Buyer. The Developer apart from charging interest @ 18% per annum on all delayed payments, shall

also be entitled to a liquidated damages equivalent to 10% of the total cost of Unit from the Buyer on

the date of termination of this IOU. The Developer after making such appropriation shall refund the

balance amount to the Buyer within 120 days from the date of such termination. The Buyer shall also be

liable for stamp duty if any payable on the deed of cancellation. It is agreed by and between the parties

that the liquidated damages as the aforesaid 10% is just, proper and reasonable and the same is a

genuine pre-estimate of the damages being suffered by the Developer.

4.7 On such termination as aforesaid, the Buyer shall have no right, claim or demand of whatsoever nature against the Developer in respect of the said Unit or otherwise and the Developer shall be entitled to deal with and dispose of the said Unit to any other party without any consent from or even reference to the Buyer. It is further clarified that the Buyer unconditionally agrees to do all such further acts and things including but not limited to execution of documents, presenting the same for registration before authorities including the Sub-Registrar etc. that shall be required by the Developer and / or the Confirming Party, as may be necessary to effect validly the cancellation of this IOU.

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4.8 Cancellation/Termination of this IOU shall automatically deem Cancellation/Termination of all the

documents/ agreements pertaining to the Units. The Buyer/s shall be entitled for specific enforcement of

this IOU only upon his prompt and regular payment of all the installments and other dues on the

respective due dates set out hereunder.

5.0 BUYER’S REPRESENTATIONS AND OBLIGATIONS

5.1 The Buyer declares that he is entering into this IOU after being fully understood, acquainted and

satisfied with the title of the land, Project details, pricing etc and having full knowledge of the rules,

regulations, applicable laws, his rights, duties, obligations etc. there under. Furthermore, the Buyer

acknowledges that the recitals stated above does hereby form a part and parcel of this IOU.

5.2 The Buyer shall carry out all internal repairs of said Unit agreed to be acquired by him at his cost and

maintain it in good condition, state, order and repair and shall observe all the rules and by-laws of the

competent authority. The Buyer shall also always keep the Developer indemnified from all losses and

payments which the Developer may hereto suffer or have to pay on the Buyer’s behalf at any time in

future.

5.3 The Buyer has confirmed and assured the Developer prior to entering into this IOU that he has read and

understood the Tamil Nadu Apartment Ownership Act, 1994, its corresponding Rules and its

implications thereof in relation to various provisions of this IOU and the Buyer has further confirmed

that he is in full agreement with the provisions of this IOU in relation to Tamil Nadu Apartment

Ownership Act, 1994 and shall comply with the rules and laws when ever amended and made applicable

and from time to time, with the provisions of any other law(s) dealing in the matter.

5.4 The Buyer declares and confirms that he shall strictly observe and abide by the special conditions of the

Project “Ashiana Shubham” set out in paragraph H and clause 2 hereinabove and agrees and

undertakes not to commit any breach thereof.

5.5 The Buyer agrees and admits that it shall be lawful for the Developer or its nominee or the Management

Agency to debar or prohibit entry of the Buyer or any person claiming through the Buyer into Ashiana

Shubham including the said Unit in case the Buyer or any person claiming through him does not fulfill

the special conditions mentioned in Paragraph H hereinabove.

5.6 The Buyer agrees and undertakes that the Buyer shall not do or permit to be done, any of the following

acts:-

a) to do anything in or about the said Unit which may cause or tend to cause damage to any flooring or

ceiling or any part of the said Unit or any apartment above/below or adjacent to said Unit or in any

manner interfere with the use thereof or of any open space, passages or amenities available for common

use.

b) to enclose any open areas forming a part of the said Unit or carry out any decoration, change or

alteration in any portion of the exterior elevation or design of the said Unit. The Buyer undertakes not

to raise any construction whether of temporary or permanent nature on the rear/ balcony/ lawn/ roof top/

terrace under his use.

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c) to make any alterations in any elevations and outside colour scheme of the expressed wall of the

verandah, lounge or any external wall, or both the faces of external doors and window of the Unit which

in the opinion of Developer differ from the colour scheme of the Project. It is hereby clarified that while

the Buyer shall be free to decide on the interiors and the colour scheme thereof, the Buyer shall not

change the colour and facade of exterior of the said Unit as specified hereinbefore.

d) to put up any signboard, publicity or advertisement material outside the said Unit or anywhere in the

common areas without prior permission of the Developer or their nominees in writing.

e) to cause noise pollution by use of loudspeaker or otherwise and/or throw or accumulate rubbish, dust,

rags or garbage etc., anywhere save and except in areas/places specifically earmarked for the purposes

in the Project.

f) to do, nor permit or suffer anything to be done in any manner to any part of the Building, the staircase,

lifts, shafts and common passages, compound which would expose the Project to any kind of risk or

loss, whether physical, legal or otherwise.

g) to demolish, make or cause to be made any additions or alterations or unauthorized constructions of

whatsoever nature to the said Unit or any part thereof and shall not chisel/drill or in any other manner

cause damage to columns, beams, walls, slabs/concrete or other structural support. Further, no damage

to the Unit would be caused in any manner and all consideration of safety, fire fighting systems will

have to be observed / maintained.

h) to store/stock/ bring into/ keep in the said Unit any goods/ material/ fluid/ chemical/ substance of

explosive/ hazardous/ combustible / flammable nature or any act which has effect of doing so, either

directly or through any of the Buyer’s agents, servants, employees, licensees, or visitors, which may

cause risk by fire, or which, on account of their nature or particular characteristic, may cause damage to

or endanger and/or expose to risk of such damage, to the structure or safety of the Unit or neighboring

Units, and/or the assets of the other occupants or the equipments in the Project.

i) to do any act or omission, which may endanger the occupation of the other areas or be a source of

nuisance to others.

5.7 The Buyer further agrees, acknowledges and undertakes that:

a) no immoral, improper, offensive or unlawful use shall be made of the said Unit or any part of the

Project. Further, the said Unit shall not be used in a manner which will be a nuisance or be obnoxious

to the other occupants of the Project. The Buyer shall not do any act or omission which will make it

difficult for the other Buyers to enjoy and make the best possible use of the Building and the Project.

b) the Buyer shall adhere to and abide by all laws, bye-laws, rules and regulations of any Government

having jurisdiction including the provisions of any other laws applicable earlier or made applicable

hereafter to the said Unit/ Project and as maybe amended from time to time and to pay all applicable

Taxes as may be due in respect of the said Unit, and in respect of the Project Land/ Phase I Land and/or

the Project (in proportion to the Super Built Up Area/ / Salable Area of the said Unit).

c) the Buyer shall not use the said Unit for any commercial activities including but not limited to running

of tailor shop/boutique, tuitions/coaching centre, beauty parlor, any kind of hobby or vocational classes,

PG Accommodations, hostel, guest house etc.

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5.8 The Buyer shall at the Buyer’s own cost keep the said Unit in good and tenable condition, and repair

and maintain the same properly. The Buyer will ensure that all dirt, garbage and waste is properly

transported out in covered cans/bags.

6.0 SCHEDULE FOR COMPLETION OF CONSTRUCTION-

6.1 The Developer covenants with the Buyer that the construction of the said Unit shall be completed by

May 2018 with a grace period of six months provided however that the time for completion shall be

deemed to have been extended in the event of non-availability of building materials or delay in receipt

of installments of the consideration amount from the Buyer or Buyers of other Units and/or delay due to

any reasons beyond the control of the Developer and “Force-Majeure” causes. Force-Majeure causes

shall include Acts of God, earthquake, war, terrorism, civil commotion, riot, fire, theft, strike etc.

6.2 The Buyer further agrees that it shall not be necessary to complete the construction of provisions of

common amenities etc. at initial stage or at the time of completion of different phases. Completion of

construction of theses common amenities may go as long as the completion of the Project Ashiana

Shubham and the Buyer shall have no objection to the same. It is agreed further by the Buyer/s that

non-completion or non-operation of any of the common facilities including but not limited to green

area, parking facility amongst others shall not be deemed as delay in handing over the possession of the

Unit and the Buyer/s shall take possession of the said Unit even if the common facilities are not

complete or non operational, if the Unit is ready and complete in all respects as per the specifications.

6.3 Save as provided herein, if the Developer is unable to give possession of the said Unit to the Buyer on

the above account or on account of any reasonable cause the Buyer shall not be entitled to claim any

damages whatsoever, but he shall have an option to surrender/ cancel the Unit and terminate this IOU

and to execute & register (if required) any other documents to effectuate such termination and is

entitled to receive back the entire money paid by him to the Developer towards cost of the Unit together

with simple interest thereon calculated @ 8 % per annum from the date of such payment or payments

until the date of repayment. With this payment the Developer will stand discharged from any further

obligations under the IOU executed.

7.0 SCHEDULE FOR POSSESSION OF THE UNIT

7.1 As soon as the construction of the said Unit agreed to be acquired by the Buyer is completed, the

Developer shall notify to the Buyer of the said Unit having been completed.

7.2 Within 30 days of the date of notice of readiness given to the Buyer by the Developer, the Buyer shall

take possession of the said Unit after making the full payment and/or deposit of all amounts becoming

due by the Buyer to the Developer under this IOU and having complied with all the terms and

conditions of this IOU executed and not being in default under any of the provisions of this IOU and

further subject to payment of stamp duty and registration charges, documentation, payment of all

amount due and payable to the Developer under this IOU.

7.3 The Buyer shall be deemed to have taken possession of the said Unit on the 30th day of the date of the

notice of completion thereof as aforesaid (and such 30th day hereinafter called “the deemed date of

possession”) irrespective of whether the Buyer takes actual physical possession thereof or

notwithstanding that the Developer has held the right of taking possession of the Unit to the Buyer on

account of the Buyer failing to pay all pending dues under this IOU.





7.4 After the date of delivery of possession and/or “the deemed date of possession” of the said Unit to the Buyer, whichever be earlier, the same shall be at the risk and responsibility of the Buyer and the Buyer shall be liable to pay Holding Charges @ Rs. 5/- per Sq. Ft. per month to the Developer for the period the Buyer does not take the actual possession of the Unit.

7.5 If the Buyer fails to make full payment as aforesaid within six months of the date of the notice and does not take the possession of the Unit, the Developer shall be entitled to terminate this IOU and the Agreement for UDS and Construction Agreement executed and sell the said Unit at the entire risk and cost of the Buyer and the Buyer shall be liable to pay full costs, charges and expenses that may be incurred by the Developer in connection with such sale and interest @ 18 % per annum stipulated in Clause 4.3 above, along with liquidated damage @ 10% as stipulated in Clause 4.6 above.

7.6 The Buyer shall be solely responsible and liable for compliance of all the applicable laws including but not limited to Transfer Property Act, 1882, the provisions of Indian Stamp Act, 1899 (or any modification thereof). The Buyer further undertakes to indemnify and keep and hold the Developer indemnified and harmless against the claims, demands, actions, proceedings, losses, damages, recoveries, judgments, costs, charges and expenses which may be made or brought or commenced against the Developer for non compliance by the Buyer with any provisions of law in respect of the Unit and undivided share in Phase I Land.

7.7 Upon the Buyer paying the entire consideration amounts, deposits (along with interest , if any) penalties, payment towards stamp duty and registration charges etc., due to be paid by him to the Developer under this IOU and the Buyer performs all the terms and conditions and stipulations contained herein to be performed and observed, the Buyer shall be entitled to peacefully hold, possess and enjoy the said Unit without any interruption by any person or persons lawfully or equitably claiming for under or in trust for the Developer.

7.8 After occupation, the Buyer shall use the said Unit only for bonafide personal residential purpose of the Buyer for which the said Unit is being acquired by him. Such purpose shall not include use as a hotel, boarding house, lodge, guest house, beauty parlor, clinic, crèche, office by professional or any other non residential use which is otherwise permitted in residential premises under any Development Control Regulations. Provided however, the Buyer will be entitled to give his Unit on lease and license basis only for residential purpose under intimation to the Developer or the Management agency of Ashiana Shubham according to the terms mentioned in Paragraph H.

7.9 The fittings, fixtures and amenities to be made and provided by the Developer shall generally conform to the specifications detailed in Schedule “D” hereunder or as may be and / or amended by the Architect. It is agreed that after the date of possession and /or the delivery of possession whichever be earlier, the Buyer shall not be entitled to make any claim regarding any item of work, the material used for construction etc. and the Developer shall not be liable for any claim whatsoever for these or for any other such claim or claims.

8.0 PAYMENT OF TAXES & DUTIES

8.1 The Buyer agrees and undertakes to pay to the Developer or its assignee regularly and punctually

whether demanded or not at all times his proportionate share of Municipal rates/ Taxes etc., if any, and

any other Tax, Impositions etc. that may be levied by the State / Local body from time to time. The role

of the Developer or its assignee in this context would be only of collection of aforesaid rates & taxes

etc. and deposit the same with the concerned authorities.

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8.2 The Buyer agrees and undertakes to pay all applicable taxes such as VAT, Sales Tax, Service Tax, Works

Contract Tax etc. as per the prevailing laws as applicable with respect to the purchase of his Unit.

8.3 Buyer shall be liable to pay from the date of its application House Tax/ Property Tax, Fire Fighting Tax

or any other Fees, Cess or as applicable under law as and when levied by any local authority. These

taxes shall be paid by the Buyer irrespective of the fact whether the maintenance is carried out by the

Developer or its nominee or any other body or association of all or some of the Buyers whether levied

retrospectively or prospectively.

9.0 REGISTRATION OF AGREEMENTS, SALE DEED, STAMP DUTY, FEES AND

CONVEYANCE

9.1 The Buyer is aware that he is obliged to get register the Construction Agreement and Sale Deed for

proportionate Undivided Share of Land with the Sub-Registrar Office in accordance with the laws of

the State of Tamil Nadu as and when called upon to do so by the Developer and shall be solely liable to

pay the applicable stamp duty, registration fees and other charges.

9.2 The Developer agrees to execute a Sale Deed in respect of undivided share in Phase I Land as described in Schedule B in favour of the Buyer/s, on compliance of the terms in accordance with the laws of the State of Tamil Nadu and payment of all sums mentioned herein and/ or mentioned in any other agreement related thereto, agreed to be entered into with the Developer and the Buyer .The Buyer/s agrees not to claim conveyance or possession till compliance of this IOU. The Parties hereto shall cooperate with each other for registration of the Sale Deed in pursuance of the Agreements. The Buyer/s agree/s not to claim possession till Sale Deed is registered in his/their favour and the entire amounts with regard to the Unit is completely paid and the no due letter is issued by the Developer.

9.3 The stamp duty, registration charges prevailing at the time of registration of the Construction Agreement, Sale Deed and any other agreement/ documents, legal fees/ expenses and all other miscellaneous and incidental expenses/ charges for execution and registration shall be solely borne and paid by the Buyer/s and that the Developer shall not be liable to contribute anything towards such expenses. Such expected costs, charges and expenses, shall be payable in advance by the Buyer on demand being made by the Developer in this regard. The Buyer shall be solely responsible for registration of the undivided share with the concerned Registrar / Sub-Registrar as per prevailing laws of the concerned State Government.

9.4 The Buyer shall be solely responsible and liable for compliance with the provisions of Indian Stamp Act including any modifications thereof. The Buyer further undertakes to indemnify and keep harmless the Developer against all claims, demands, actions, proceedings, losses, damages, recoveries, judgments, costs, charges and expenses which may be made or brought or commenced against the Developer and/ or Confirming Party in respect of the terms and conditions of this IOU.

9.5 The Developer and the Confirming Party both agree that they shall do all such acts and deeds necessary

and requisite to convey absolute and marketable title in respect to the Unit defined in Schedule B in

favor of Buyer/s.





10.0 OPERATION AND MANAGEMENT OF COMMON AREAS AND FACILITIES

10.1 The Developer has nominated and /or appointed Ashiana Maintenance Services Limited as the

Management Agency for operation and management of the common areas and for providing common

and essential services in Ashiana Shubham and for organizing activities for the residents in Ashiana

Shubham.

10.2 The common area and facilities at Ashiana Shubham shall be done and maintained in accordance with

the Operation and Management Agreement which shall form an integral part of this IOU. The Buyer

agrees and undertakes to abide by the terms and conditions of the Operation and Management

Agreement and to pay promptly every month all demands, charges, bills etc. as may be raised by the

Management Agency from time to time. The Buyer agrees that as the development of Ashiana

Shubham progresses common facilities and services will be implemented in phased manner.

10.3 The Developer and/or the Maintenance Agency reserves the right to give on lease any part of the top

roof/ terrace above the top unit of the said Building for installation and operation of antenna,

communication towers and other communication equipment or to use/ hire/ lease the same for

advertisement purposes and the Buyer shall not object to the same and make any claims on this account.

10.4 For the operation of the services and management and maintenance of the said Project the Buyer agrees

to pay to the Developer or its assignee, proportionate monthly charges as determined, calculated on per

sq. ft. basis on Super Built Up Area by Developer or its Assignee within 10 days of raising the bill by

the Management Agency and shall not withhold the same for any reason whatever. In addition the Buyer

has to pay the Developer or its assignee, charges towards capital repairs/replacements, as determined by

the Developer or its assignee once in a month/ year in advance and service tax thereon as per applicable

rate. In case of any default in the payment of monthly or yearly charges the Buyer shall be liable to pay

interest at the rate of 1.5% per month on defaulted amount. The Developer or its assignee shall also be

at liberty to withdraw utilities and facilities like water supply, Electricity, Generator power, garbage

collection etc. till the dues are cleared along with the amount of interest. The Buyer agrees to pay to the

Developer or its assignee upfront management charges for 12 months as per the rates determined as

above at the time of possession.

10.5 For the purpose as detailed in para 10.1 and 10.4 above, the Buyer agrees to enter into a separate

Operation and Management agreement and is annexed as Schedule E with the Developer or its assignee

which would clearly spell out scope and schedule of maintenance works, operation of the services and

maintenance charges/ and charges towards capital repairs and replacements etc.

10.6 In addition the Buyer agrees to pay capital charges (as decided at the time of possession) to the Developer or its assignee along with other buyers of Ashiana Shubham and such payment shall be made in proportion to the Super Built Up Area/ Salable Area of his Unit to cover the major capital repairs, replacements, up gradation or additions along with periodical outside painting of Ashiana Shubham. The Buyer agrees and understands that the painting of outside portion and common areas of Ashiana Shubham shall be done at least once in every seven years.

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10.7 The Buyer shall from time to time pay such charges / contributions / subscriptions / fees as may be

prescribed by the Developer or its nominees in respect of the maintenance, management, and

supervision and servicing of common amenities and facilities and other outgoings payable by the Buyer.

10.8 As explained by the Developer and appreciated by the Buyer, the Buyer admits, acknowledges and

agrees that it is in the interest of all the Buyers of the Project including the Buyer herein that all

payments in respect of maintenance, common amenities and facilities etc. are paid in time by all Buyers

concerned including the Buyer herein. Any defaulting Buyer including the Buyer herein should not be

entitled to have the benefit of any such amenities or facilities or services in order to maintain a

disciplined and peaceful living environment and atmosphere.

10.9 The Developer and all persons authorised by the Developer shall have the right to enter into the other

parts of the building at all reasonable times, and after due notice for the purpose of repairing and

maintaining the amenities provided in the building which pass through or are supported by other

portions of the building under construction.

11.0 MANAGEMENT FEE

11.1 The Buyer agrees to pay, at the time of possession, a reducible interest free management deposit to be

determined or fixed by the Management Agency from time to time, to the Management Agency. This

deposit shall be calculated on per sqft basis on the Super Built Up Area of the Unit as specified in Part

I of the Schedule C and shall be valid for 15 (fifteen) years from the date of possession of the unit and

be reduced proportionately on monthly basis.

11.2 It is expressly agreed and understood that the deposit made by the Buyer on account of management fee

is limited to the Buyer or his heirs on succession and the benefit of such deposit shall not be available to

any voluntary transferee or assignee of the Buyer and upon such voluntary transfer being made such

transferee and/or assignee shall be required to make fresh deposit on account of management fee at the

then prevailing rules and rate and upon such deposit being made by such transferee and/or assignee the

Developer shall refund the management fee for unutilized period to the Buyer. Further the Buyer while

transferring his Unit shall intimate the Management Agency for executing Operation and Management

Agreement with the new Buyer and also have the obligation to ensure that a “No Due Certificate” and

“No Objection Certificate” is obtained from the then operating Management Agency and Association.

Further the Buyer while transferring the Unit shall intimate the Management Agency for execution of

Management Agreement with the New Buyer.

11.3 Immediately after expiry of 15 (fifteen) years from the date of possession of the Unit the Buyer shall

make fresh deposit on account of management fee in accordance with the then prevailing rules and

rates.

12.0 INTERNAL INSURANCE

12.1 It is understood by the Buyer that the internal maintenance of the Unit and its insurance thereof shall

always be the sole responsibility of the Buyer.





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13.0 ASSOCIATION OF BUYERS

13.1 The Buyer agrees to become a member of the Ashiana Shubham Owner’s Association (as and when formed) and abide by the rules of the Association. If the Developer and / or the Confirming Party decides not to form a new Association for Ashiana Shubham under such circumstances the Buyer shall become member of the existing “Villa Viviana Resident Welfare Association”. In this regard the decision of the developer shall be final and binding. The Buyer agrees to pay any fees, subscription charges etc. for membership of the Association and to complete such documentation and formalities as may be required and deemed necessary by the Developer for this purpose.

13.2 Under the circumstance of multiple Owner’s Association, the Developer/ its Management Agency shall have choice/ right to recognize the Buyer’s Association which it deems fit.

14.0 BANK LIEN & CHARGES

14.1 The Developer hereby agrees and undertakes to furnish all papers and documents as and when required

by the Buyer for assisting the Buyer in obtaining loans from banks or Financial Institutions. The Buyer

further agrees and hereby irrevocably authorizes the Developer to receive all loan amounts for and/or on

behalf of the Buyer and to retain all such loan amounts as and when received towards current and/or

future installments payable by the Buyer as detailed and set out in Part-II of the Schedule “C”

hereunder written. It is however agreed by and between the Developer and the Buyer that the Developer

shall not be responsible in any manner whatsoever, in respect to the loan or loans arranged for the

Buyer and/or the Buyers of the units as aforesaid and the Buyer and/or the Buyers alone shall be

responsible for the timely repayment of the same. In the event of any default or delay in making of

applicable payments to the Developer, including inter alia where the same is attributable to any

non-disbursement, rejection or delay in the loan taken by the Buyer, the Developer shall be entitled to

take recourse to all remedies available under applicable law and this IOU including inter alia to

terminate the IOU.

14.2 The Buyer may at their option raise finances or a loan for purchase of the Unit, including through

mortgage of the Unit (subject to obtaining of the no objection certificate from the Developer). However,

it shall remain the sole responsibility of the Buyer to ensure sanction of the loan and disbursement of

the same as per the payment plan opted for by the Buyer.

15.0 PARKING FACILITY

15.1 The Buyer agrees and understands that the exclusively reserved open parking space allocated to the

Buyer is due to the Unit allotted to the Buyer and does not have any independent legal entity detached

or independent from the said Unit. The Buyer agrees not to sell/ transfer/ deal with the allocated parking

space independent of the Unit.

15.2 The Buyer agrees and understands that the reserved car parking spaces in the Project shall form part of

limited common areas and facilities of the said Unit. The Buyer agrees and confirms that the reserved

car parking space allotted to him shall automatically be cancelled, terminated on surrender,

relinquishment, resumption etc. of the said Unit under any of the provisions of this IOU or otherwise.





15.3 The Buyer undertakes to park his vehicle strictly in the parking space allocated to him and not anywhere else in the Project. The Parking Space allotted to the Buyer shall be meant exclusively for parking of specific number of vehicles and under no circumstances the Buyer will be allowed to park vehicles more than the parking space allocated to him or anywhere else in the Project. Further the Buyer agrees that the Developer or the Management Agency reserves the right to restrict the entry of additional vehicles owned by the Buyer within the Project, in case the Buyer has been allocated one parking space only. The Buyers further agree that the space provided (if any) as car park, shall only be used as a vehicle parking slot and no construction of any nature, either permanent or temporary shall be raised thereon.

16.0 GENERAL TERMS AND CONDITIONS

16.1 It is within the knowledge of and agreed by the Buyer that the construction on the Phase I Land will be

taken up in phases and the Buyer shall have no objection to the same. The Buyer is fully aware that

during the course of construction there will be some unavoidable inconveniences to the residents who

have already moved to the completed buildings/units of the Project. Further, where, if any later change

in any applicable law permits further construction on any portion of the Phase ILand or any part of the

Project, the Developer shall be entitled to undertake the said construction and the Buyer shall not have

any objection and shall consent to such further construction.

16.2 The Buyer shall have no claim save and except in respect of the said Unit hereby agreed to be acquired

and detailed and explained in the Schedule “B” hereunder given, it being agreed that all common

spaces and common facilities open spaces, lobbies, staircases, roof and/or terraces of all the Buildings

and unsold Units, club house etc. in the said Project shall remain the exclusive property of the

Developer.

16.3 The Developer shall have the right to effect and or carry out such additions, alterations, deletions and

modifications, as the Developer may at its sole discretion consider necessary or as directed by the

Competent Authority or Architect at any time even after the building plans for the unit/ Project are

sanctioned and till the grant of an occupation certificate, to which the Buyer hereby consents and shall

raise no objection. Such changes may include but are not, limited to change in the building plans, floor

plans, location, preferential location, number, increase or decrease in number of apartment, block or

super area of the unit, designs and specifications however this shall be without prejudice to any rights of

the Developer to construct additional floors/ additional spaces as sanctioned and approved by the

competent authority.

16.4 The Developer shall have right, without approval of any Buyer in the Project to make any alterations,

additions, improvements or repairs whether structural or non- structural, interior or exterior, ordinary or

extraordinary in relation to any unsold unit within the Project and the Buyer agrees not to raise any

objections or make any claims on this account on which the Developer shall be entitled to dispose off in

any manner, without any interference whatsoever on the part of the Buyer.

16.5 The Buyer has been informed of and has accepted the specifications and information provided as to the materials to be used in construction of the Unit/Building which are also tentative and the Developer may affect such reasonable variations and modifications therein as it may deem appropriate and fit or as may be done or required to be done in accordance with the directions of any competent governmental authority, and the Buyer hereby consents to such changes.

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16.6 It has been agreed that upon acquisition of the said Unit as detailed in Schedule - B the Buyer shall

have ownership rights only over the said Unit and the proportionate undivided share in Phase I Land. It

has been made clear and the Buyer agrees that the Buyer shall have only the right to use of the common

spaces and facilities along with other occupants of the said Building(s) subject to the timely payment of

charges for operation and management and these spaces and facilities shall continue to be the property

of the Developer. The Buyer further agrees that in the event of his failure to pay the charges for

operation and management on or before the due date, the Buyer shall cease to enjoy the right to use

them till such time the outstanding maintenance charges along with interest and penalties (if any) are

paid. The Buyer will have no right to claim or bring about any action for the division or partition of the

common areas within the said Building/ Project at any time which shall for ever remain impartible/

indivisible. However the Buyer shall have exclusive rights of use of his Parking Facility.

16.7 The Buyer covenants with the Developer and through them with the Buyers of other Units that he shall

not ever demolish or cause to be demolished any part of the said Building or any part or portion of the

other Buildings nor shall he at any time make or cause to be made any new construction of whatsoever

nature in the said Building or in the said Project or any part thereof. The Buyer further covenants that he

shall not make any additions or alterations to the said Unit without the previous consent in writing of

the Developer and the local authority, which controls the development of this land/ area.

16.8 The Buyer is aware that Limited Common Areas are for the exclusive use of owners of certain Units

within the Project and Buyer shall have no objection to the same.

16.9 The Developer has informed to the Buyer and the Buyer has also understood that the Developer is

developing only the Project Land and balance portion of the Entire land (i.e the Entire Land minus the

project Land) has been developed/ being developed by the Confirming Party alone. Further, there may

be certain facilities and areas on the Project Land which are being used by the residents of the Units

developed by the Confirming Party on the Entire Land minus the Project Land and the Buyer has no

problem with it.

16.10 The Developer has informed to the Buyer that the Confirming Party has constructed a Club House with

Swimming Pool and Gym and other recreational facilities and the Club House is the property of the

Confirming Party. The Buyer is aware that he shall have only the right to use of club house facility

along with the residents of the Project constructed on the Project Land as well as the residents/ allottees

of the Project constructed by the Confirming Party alone on the portion of the Entire Land (i.e the

Entire Land minus the project Land). The Buyer agrees to pay one time club charges directly in favour

of the Confirming Party as and when asked by the Developer to pay and also agreed to pay monthly

subscription as determined by the Developer and/ or the Maintenance Agency from time to time.

16.11 In case the Buyer has observed and has followed all the terms and conditions of this IOU and gives a

written notice to cancel this IOU, then in that event the Developer shall cancel this IOU and the other

documents or agreements after deducting 10 % of the total cost of the said Unit from the amount

received from the Buyer till that date, refund the balance amount to the Buyer within 120 days from the

date of such cancellation. However, the Buyer shall be entitled to exercise this option within a period of

six months from the date of the Application Form in respect of the said Unit, whereafter this clause

shall automatically be deemed to have become inoperative and un-enforceable.

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16.12 In case of security deposit is demanded by the Electricity Board/ Authorities, Municipal Authorities, or

any other local authority for supply of electricity, water, gas or any other facility or utility or amenity,

the Buyer shall contribute proportionately towards such security or deposit as shall be determined by

the Developer.

16.13 The Buyer shall be liable to bear expenses towards electricity, water and sewerage connection charges.

16.14 The Buyer shall not either by itself or through its servants or agents, bring heavy motor vehicles/heavy

transportation beyond the designated hubs/limits without taking prior permission of the Developer or

the Management Agency save and except for the limited purpose of transporting furniture, fixtures and

other household items.

16.15 The Buyer shall not interfere or object to the construction of neighboring buildings, premises etc.

constructed and to be constructed by Developer in accordance with the sanctioned plans on any grounds

including but not limited to obstruction of outside view, light, air, ventilation, noise pollution, any

easementary rights or for any other reason whatsoever.

16.16 The Buyers hereto agree that the logo of the Developer shall be displayed at any prominent place on the

building to be constructed by the Developer and the same shall not be objected by the Buyers.

16.17 The Developer is looking to provide / establish Assisted Living Homes (care homes) within the Project.

Assisted Living Homes are homes basically for those who require specific care services. Assisted

Living Homes provide 24 hours care and supervision depending upon the needs of the occupants. Under

the circumstances of providing these facilities in Project, the same shall be available for all i.e. non

residents also. All residents / occupants of Assisted Living Homes shall be entitled to avail all the

facilities and amenities provided / to be provided in the Project and the Buyer shall not interfere or

object to this.

16.18 The Developer has applied and / or obtained environmental clearance as per the provisions of Environmental Impact Assessment Notification - 2006 and its subsequent amendments for the Entire Land. The Buyer further agrees and hereby irrevocably authorizes the Developer to take all steps and measures for compliances of terms and conditions of approval for environmental clearance for and/or on behalf of the Buyer. The Buyer hereby agrees and undertakes to bear the proportionate cost and / or direct cost of compliance of conditions put forth by the Environment Ministry while granting environment clearance in respect of the Project and / or his / her Unit.

16.19 The Developer has represented that the Developer has obtained or will obtain all requisite approvals/ permissions/ sanctions such as Fire NOC, Consent to Operate from Pollution Control Board and etc for the Entire Land. The Developer shall not be obliged to apply for or obtain renewal of Fire NOC, Consent to Operate, Renewal/ replacement of transformer and/or other statutory renewals which are required to be obtained for the said Project in future after handing over the possession to the Buyers. The Buyers and Buyers of other Units and/or Owners Welfare Association/ Representative Body of Owners without any reference to the Developer shall be entitled to approach the requisite authority for any such approvals/renewals. Failure to get statutory approvals or renewal within the prescribed time and/or consequences resulting due to non renewal of the statutory approvals shall not cast any liability on the Developer and Ashiana Maintenance Services Ltd.

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16.20 The Developer shall send all letters/notices and communications to the sole/first Buyer at the address

given in the application form at the time of booking. All letters, receipts and/or notices issued by the

Developer and dispatched by courier / registered post to the said address or such other address as may

be intimated by the Buyer shall be sufficient proof of receipt of the same by the Buyer on the 7th day

from the date of dispatch. It is clarified that the Developer shall not be liable to send separate

communication, letter/notices to the second Buyer or to any other person than the first Buyer. Further it

shall be the sole responsibility of the Buyer to inform the Developer of all subsequent changes in

his/her/its address, through the means of a registered letter, failing which all demand notices and letters

posted at the earlier registered address shall be deemed to have been received by the Buyer upon the

expiry of three days after the posting of such letter. The Buyer is required to make all payments as

specified in the demand notices for payment, within the period mentioned in the demand note.

16.21 The Developer as a general practice keeps on sending to all its customers about the new projects, new

launch, construction status, price & payment terms of the project, price revision information, payment

reminders, promotional events etc. from time to time by mail or sms or letters. The Buyer herby gives

his /her consent to the Developer to obtain/ receive such information on time to time.

16.22 The Buyer is aware that in case the consideration of Unit is Rs. 50 Lacs or above, Buyer shall be liable

for tax Deduction at Source (TDS) under Section 194 IA of Income Tax Act, which is applicable from

1st June, 2013. Such TDS would be deducted from consideration being paid to the Developer. On every

payments 99% amount is to be paid to the Developer and 1% amount is to be paid to Govt. of India

(Income Tax Department), for the same Buyer needs to issue certificate in form 16B to the Developer.

The Developer shall not credit the amount in the account of the Buyer, till the time Buyer has issued the

certificate to the Developer.

16.23 In case of NRI/Foreign National Buyers, the observation of the provisions of the Foreign Exchange

Management Act, 1999 and any other law as may be prevailing shall be the responsibility of the

allottee/ Buyer/s.

16.24 Nothing expressed or implied in this IOU is intended or shall be construed to confer upon or give any

person, other than the Parties hereto any rights or remedies under or by reason of this IOU or any

transaction contemplated by this IOU.

16.25 Except as specified herein, the Buyer shall not be entitled to assign any benefits, obligations or burdens

under this IOU to any third party without the prior written consent of the Developer. Subject to the

foregoing, this IOU shall enure to the benefit of and be binding upon the Parties and their respective

successors (including any successor by reason of amalgamation or merger of any Party) and permitted

assigns.

17.0 PROPERTY TAX

17.1 The Developer and the Confirming Party shall pay Municipal taxes and other rates and outgoings on the undivided share of land up to the date of execution of sale deed in respect of undivided share of land. Thereafter the Buyer/s shall be liable to pay the taxes, corresponding to the undivided share of land. The Buyer shall be liable to pay the property taxes and other charges accordingly.

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18.0 NATURE OF USAGE AND RIGHT OF THE BUYER

18.1 The Buyer/s agree/s to own the Unit alongwith the undivided share of land as described in Schedule B

and enjoy the same in common with other owners or buyers of the other Units.

18.2 The Buyer shall not seek partition and separate possession of his/her/their/its undivided right, title and interest described in Schedule B. He/she/they shall not object to the construction of compositeApartment/ Unit Blocks for senior living that shall be constructed by the Developer on the Schedule

Property. He/she/they do/es hereby specifically confirm and agree that the Developer, shall be entitled

to construct composite multi-storied residential Apartment/ Unit Building Blocks for senior living on

the Schedule Property as may be decided by the Developer and to the extent permissible at any time by

the DCTP, Local Planning Authority/Local Panchayat/ CMDA, or any such other concerned statutory

and regulatory authorities, without any intervention of the Buyer/s.

18.3 It is further clarified that the recitals stated above does hereby form a part of this IOU including but not

limited to the conditions set out in Recital hereinabove, the Buyer further agrees to respect all the rights

of similar buyer(s)/ owners who have agreed to purchase similar undivided share in Phase I land as

delineated in Part III of Schedule A and also construct similar Units in the Project and also be subject

to restrictions of common ownership of Property and the enjoyment of the Unit to be constructed

therein.

19.0 COPIES OF THE IOU

19.1 This IOU shall be entered in two copies and one original copy shall be shall be retained by the Buyer and One by the Developer respectively.

20.0 DISPUTES AND THEIR REDRESSAL

20.1 Before the delivery of possession and/or the deemed date of possession any dispute between the

Developer and the Buyer relating to the interpretation of any of the terms and conditions of this IOU

shall be referred to the arbitration of the Architect. Such arbitration shall take place in accordance with

the provisions of the Arbitration and Conciliation Act, 1996 and shall be final and binding upon all.

20.2 After the delivery of possession or deemed date of possession in case any dispute arises due to matters

not specifically stipulated in this IOU and also in case of any dispute or any question arising at any time

between the Buyer and any employee of the Developer Buyer of other Unit or Units, all such matters

shall be referred to the Arbitration of such sole arbitrator as nominated or appointed by the Developer,

in this regard. Such arbitration shall take place in accordance with the provisions of the Arbitration and

conciliation Act, 1996, or any modifications thereof and shall be final and binding upon all. The

arbitrator shall have summary powers and it shall not be necessary for any party to make any formal

pleadings. The arbitrator also need not give any reason in support of the award.

21.0 GOVERNING LAWS & JURISDICTION

21.1 This IOU shall be governed and construed in accordance with the laws of India and the Courts of

Chennai, Tamil Nadu shall have sole and exclusive jurisdiction.

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PART I OF SCHEDULE A

ABOVE REFERRED TO AS ENTIRE LAND

All that piece and parcel of vacant lands measuring to a total extent of 45 acres and 5½ cents (182397.38 sq.mt -

19,62,596 Sq.ft.) and comprised in S.Nos. 388/4B (4 cents), 389/1 (46 cents), 394/11B (10 cents), 394/16 (13

cents), 394/21 (5 cents), 394/4 (42 cents), 438/7B (11 cents), 387 (1 acre and 2 cents) 388/6B (13 cents),

439/2B3 (33 cents), 439/3A1C (13 cents), 439/2B1(74 cents), 394/18 (18 cents), 394/14B3A (6 cents),

394/14B2 (17 cents), 390/7A (7 cents), 390/8 (7 cents), 390/3A (79 cents), 390/3B (79 cents), 383/1A (59

cents), 381/1A (2 acres and 32 cents), 381/3A (1 acre and 2 cents), 438/3 (22 cents), 438/4A (13 cents), 438/5

(22 cents), 438/6 (23 cents), 438/7A (20 cents), 388/3B (5 cents), 439/2A (36 cents), 439/3B (39 cents),

394/14B1 (12 cents), 439/3A1B (4 cents), 439/3A1D (12 cents), 394/14B3B (6 cents), 439/2B2 (7 cents),

439/3A1A (4 cents), 439/3A1E (15 cents), 389/4A (16 cents), 389/4C (15 cents), 388/2B (5 cents), 388/7 (2

cents), 388/8A (4 cents), 389/2A (26 cents), 389/2E (22 cents), 389/6B (10 cents), 389/6D (32 cents), 394/17A

(10 cents), 394/19A (17 cents), 394/19C (11 cents), 438/4B (9 cents), 439/3A2 (69 cents), 437/8B (9

cents),388/8B (4 cents), 389/2B (27 cents), 389/2D (18 cents), 389/3A (29 cents), 389/6A (10 cents), 389/6C

(17 cents), 389/6E (11 cents), 394/8A (23 cents), 394/10B (17 cents), 394/11A (10 cents), 394/17B (15 cents),

394/19B (26 cents), 389/2C (6 cents), 394/13 (7 cents), 381/1B1 (1 acre and 53 cents), 383/1B (1 acre and 42

cents), 383/3 (15 cents), 390/4 (39 cents), 394/1 (46 cents), 394/6 (44 cents), 388/1D (5 cents), 394/24 (84

cents), 394/7 (28 cents), 394/32 (16 cents), 394/33 (15 cents), 394/34 (15 cents), 437/7 (20 cents), 438/2 (6

cents), 437/9 (18 cents), 390/2B2 (21 cents), 388/9A (7 cents), 388/9B (5 cents), 388/4A (5 cents), 388/5 (5

cents), 394/31 (12 cents), 437/1 (4 cents), 438/1 (15 cents), 394/25 (11 cents), 394/26 (10 cents), 437/4

(18 cents), 437/6 (37 cents), 390/2B1 (20 cents), 390/2B4 (22 cents), 437/8A (11 cents), 394/30 (13 cents),

394/27 (10 cents), 394/28 (13 cents), 394/29 (13 cents), 389/4B (28 cents), 388/6A (9 cents), 390/2A (80 cents),

437/2 (4 cents), 437/3 (6 cents), 439/1 (62.5 cents from and out of 1 acre and 51 cents), 394/2C (7 cents),

394/2D (2 cents), 394/2F (11 cents), 394/2B (2 cents), 386 (41 cents) (western portion from and out of 76

cents), 390/5 (38 cents), 390/7B (34 cents), 388/2A (6 cents), 388/3A (6 cents), 389/5A (32 cents), 389/5B1 (25

cents), 389/5B2 (23 cents), 394/20 (79 cents), 394/22 (42 cents), 394/23 (36 cents), 394/2A (12 cents), 394/2E

(15 cents), 394/3 (44 cents), 381/1B2 (1 acre and 12 cents), 381/3B (18 cents), 381/3C (49 cents), 383/1C (6

cents), 390/1B (80 cents), 390/1A (80 cents), 390/6B (18 cents), 439/1 (88.5 cents - being the northern portion

from and out of 1 acre and 51 cents), 390/6A (18 cents), 394/14B2 (8.5 cents out of 17 cents), 388/1C (4 cents),

388/1A (4 cents) , 388/1B (2 cents), 386 (35 cents), 385 (72 cents), 394/5A & 8B2 (70 cents), 394/5B (86

cents), 394/10A (17 cents), 394/12 (58 cents), 394/14A (13 cents), 389/3A (20 cents), 389/4D1 (28 cents),

389/3B (140 cents), 384 (30 cents), 389/4D2 (26 cents), 394/8B1 (23 cents), 394/9 (22 cents), [393/12A1 (15

cents), 393/12A2 (15 cents), 393/12A3 (9 cents), 393/12A4 (2 cents), 393/12A5 (10 cents), 393/12A6 (9 cents),

393/12A7 (9 cents), 393/15A2 (22 cents) 393/15B4 (7 cents) and as per Gramanatham the survey numbers

are changed into 393/9, 10, 11, 12, 52, 51, 50, 8 and 54] 393/15B1 (5 cents), 393/15B2 (2 cents) & 393/15B3

(21 cents), 390/2B3 (20 cents) as per Patta Nos. 445, 242, 1745, 1759, 1666, 3631, 398, 1665, 1846, 137, 245,

66, 612, 3783, 3035, 1468, 213, 1894, 1626, 178, 1119, 1844, 1843, 1467, 1545, 850, 965, 961, 1111, 328, 1895,

154, 172, 547, 370, 185, 1554, 1303, 870, 248, 185, 328, 967, 253, 1470, 1317, 18, 9, 1896, 1944, 1470, 985,

18, 882 together with wells and service connections thereon; [as per New Patta Nos.4833 & 4885 stands in the

name of M/s.Escapade Real Estate Pvt. Ltd.], situated at Sengundram Village, Govindapuram Hamlet,

Maraimalai Nagar Municipal Limit, Chengalpet Taluk, Kancheepuram District and situated within the

Registration District of Kancheepuram and Joint-II Sub Registration District of Chengalpet, Chennai, Tamil

Nadu on a portion of which Villa Viviana is developed one portion of land and as shown in map below

-22-





-23 -

PART II OF SCHEDULE A

ABOVE REFERRED TO AS PROJECT LAND

All that part and parcel of the portion of Entire Land measuring 20 acres and 20 cents under survey no.

381/1A(2.32), 381/1B1(1.53), 381/1B2(1.12), 381/3A(1.02), 381/3B(0.18), 381/3C(0.49), 383/1A(0.59),

383/1B(1.42), 383/1C(0.06), 383/3(0.15), 390/2B1(0.20), 390/2B2(0.21), 390/2B3(0.20), 390/2B4(0.22),

390/4(0.39), 390/5(0.38), 390/6A(0.18), 390/6B(0.18), 390/7A(0.07), 390/7B(0.34), 390/8(0.07),394/1(0.46),

394/10A(0.17), 394/10B(0.17), 394/11A(0.10), 394/11B(0.10), 394/12(0.58), 394/14A(0.13), 394/14B1(0.12),

394/14B2(0.17), 394/14B2(0.08.5), 394/14B3A(0.06), 394/14B3B(0.06), 394/2A(0.12), 394/2B(0.02),

394/2C(0.07), 394/2D(0.02), 394/2E(0.15), 394/2F(0.11), 394/3(0.44), 394/4(0.42), 394/5A&8B2(0.70),

394/5B(0.86), 394/6(0.44), 394/8A(0.23), 394/8B1(0.23), 394/9(0.22), 389/4A(0.16), 384(0.07), 385(0.29), 386

(0.40.50), 387, 390/3A(0.79), 390/3B (0.79) situated at Sengundram Village, Govindapuram Hamlet,

Maraimalai Nagar Municipal Limit, Chengalpet Taluk, Kancheepuram and as shown in map below-





PART III OF SCHEDULE A

ABOVE REFERRED TO AS PHASE 1 LAND

All that part and parcel of the portion of the Project Land measuring 11135.4 sqmtr

(119860.4 sqft) under Survey No. 389/4A, 389/4D1(P), 394/5A & 8B2 (P),394/5B(P),

394/8A (P), 394/8B1 (P), 394/9, 394/10A, 394/10B, 394/11A, 394/11B, 394/12, 394/14A

(P), 394/14A (P), 394/14B1, 394/14B2, 394/14B3A, 394/14B3B situated at Sengundram

Village, Govindapuram Hamlet, Maraimalai Nagar Municipal Limit, Chengalpet

Taluk,Kancheepuram and as shown in map below and bounded as follows-

-24 -

North: S.Nos: 401 Part, 393/14C, 393/15B2, 393/15B4

South: 12m Drive way, S.Nos: 394/5B Part, 394/5A & 8B2 Part, 394/8B1 Part, 394/8A Part, 389/6A, 389/4D1 Part, 389/4A Part

East: S.Nos: 394/5B Part

West: Temple Land, S.Nos : 394/15, 389/3A

And lies within the Registration District of Chengalpet and Sub Registration District of Joint II, Chengalpet





SCHEDULE “B”

ABOVE REFERRED TO (THE SAID UNIT)

A Unit bearing No. M-S13 having Super Built-Up Area 107.40 Sq. mtr (1156.00 Sqft) Approx. and Built up

area 94.48 Sq.mtr (1017.00 Sqft. ) on 2nd Floor (in Block __ of the approved building plans) in Phase 1

together with undivided share or interest admeasuring. 78.44 sqmtr. (844.00 sq ft) approx in Ashiana

Shubham,Phase 1 Land situated at Sengundram Village, Govindapuram Hamlet, Maraimalai Nagar Municipal

Limit, Chengalpet, Taluk, Kancheepuram District, Tamil Nadu which shall comprise of the following-:

(a) Carpet area comprised within the said Unit. However, the roof of the said Unit shall be used both as the

roof of the said Unit as well as the floor of the Unit or Units constructed above it and similarly the floor

of the said Unit shall be used both as the floor of the said Unit as well as the roof of the Unit or Units

below it and the roof and the floor of the said Unit shall jointly belong to the Buyer and the Buyers of

the other Units directly above and under the said Unit.

(b) The walls and columns, if any, within and outside the said Unit save the wall or walls separating the

said Unit from the other Unit or Units on the same floor shall belong to the Buyer and the said common

wall or walls separating the said Unit from other Unit or Units on the same floor shall jointly belong to

the Buyer and Buyer or Buyers of other such Unit or Units.

(c) The Buyer shall be entitled, without any ownership rights, to the exclusive use of Parking facility (Open

/ Covered)

-25-





- 26-

PART - I OF THE SCHEDULE “C”

Total consideration for transfer of the said “Unit” having Super Built-Up Area 107.40 Sq. mtr (1156.00 Sqft)

Approx. and Built up area 94.48 Sq.mtr (1017.00 Sqft. ) together with undivided share or interest

admeasuring. 78.44 sqmtr. ( 844.00sq ft) approx in Phase 1 Land shall be Rs. 3660826.00/- (Rupees Thirty

Six Lakh Sixty Thousand Eight Hundred and Twenty Six Only).

The final Built-Up Area of the “Unit” may vary maximum upto + 5% of the area quoted above and the

consideration will be adjusted accordingly.

Total Price:-Particulars Amount

Price of Unit

a) Amount Appropriate towards UDS Rs. 1181600.00Amount Appropriate towards Construction Rs. 2643758.00Less Discount Rs. 164532.00

b) Net Amount Appropriate towards Construction Rs. 2479226.00

Net Price of Unit Rs. 3660826.00

Rupees Thirty-Six Lakhs Sixty Thousand Eight Hundred Twenty-Six Only

Other Charges1. Infrastructure & Basic Amenities Charges @ Rs. 36/- per Sqft. on Super Built-up Area amounting to Rs.

41,616.00 shall be payable by the Buyer one month before Possession.

2. Service Tax on the Amount Appriopriate towards Construction shall be payable by Buyer as and when demanded by the Developer as per applicable rates. Current rate is 5.8%

3. VAT shall be paid on the actuals one month before Possession of the unit.

4. One time club membership charges @ Rs.75,000/- (seventy five thousand only) shall be payable in favour of M/s.Escapade Real Estate Pvt. Ltd.", Service Tax shall be payable in addition to the club membership charges as per applicable rates.

Note : Down payment benefit of Rs. ....................... will be allowed if the balance amount is received as per payment terms mentioned in Payment Schedule, otherwise the Total Amount of the i.e. Rs.3948756.00 shall be paid by the buyer(s) to the Builder.





IN WITNESS WHEREOF the parties hereto have executed and delivered these agreements on this day,

month and year first above written.

SIGNED, EXECUTED & DELIVERED

For Escapade Real Estate Pvt. Ltd For Ashiana Housing Ltd

BUYER(S) Authorized Signatory Authorized Signatory

WITNESSES:

1.

2.Drafted by:

M.JAYAPRAKASH, ADVOCATE, E.No.MS.4003/11, 467, NEW LAW CHAMBERS, HIGH COURT BUILDINGS, CHENNAI - 600 104.

-28 -





LIVING/ DINING

Flooring Skid resistant ceramic matt finish tiles (2’*2’)

Walls Acrylic Emulsion of specific shade from reputed brand as per Architect’s suggestions

Door Frame Folded Steel Section

Doors 35mm thick skin Door/ laminated flush door with folded metal door frame painted in pleasing shade of enamel. Lever types handles with mortice lock

Windows Aluminium power coated or UPVC with 4 mm or 5 mm thick float glass based on size of opening

Fixtures/ Modular electrical switches with socketsFittings

MASTER BEDROOM




Doors 35mm thick skin Door/ flush door with folded metal door frame painted in pleasing shades of enamel. Lever types handles with mortice lock

Windows Aluminium power coated or UPVC with 4 mm or 5 mm thick float glass based on size of opening.

Fixtures/ Modular electrical switches with sockets.Fittings

BEDROOM




Doors 35mm thick skin Door/ flush door with folded metal door frame painted in pleasing shades of enamel. Lever types handles with mortice lock

Windows Aluminium power coated or UPVC with 4 mm or 5 mm thick float glass based on size of openingFixtures/ Modular electrical switches with socketsFittings

KITCHEN

Flooring Skid resistant ceramic matt finish tiles

Walls 2 ft ceramic tiles dado above working platform

Windows Aluminium power coated or UPVC with 4 mm or 5 mm thick float glass based on size of opening

Fixtures/ A platform with black granite & stainless steel kitchen sink with single bowl and drain board. Fittings Provision for hot 7 cold water line

Schedule ‘D’ Above referred to

-29 -





Note : All Building plans, layouts, specifications etc are tentative and subject to variations and modifications

as may be decided by the architect/company. Accessories shown in the layout plan of the flats such as

furniture, cabinets, electric appliances etc. are purely indicative and not part of sale offerings.

-30 -

TOILET


Walls Ceramic Tiles up to Height of 7ft


Door 35mm thick skin Door/ flush door with folded metal door frame

Windows Aluminium power coated or UPVC with 4 mm or 5 mm thick float glass based on size of opening.

Fixture/ A wash basin with black granite counter or counter style wash basin, towel rail, provisionFittings for hot and cold water supply, vitreous white sanitary ware of standard ware of standard

make.and health faucet, grab rails only in master toilet. Single lever CP fitting of standard make.painted in pleasing shades of enamel. Lever types handles with mortice lock

BALCONY


Walls Exquisitely designed classical exteriors finished in textured paint

Door Frame Annodised Aluminum of UPVC

Door 35mm thick skin Door/ flush door with folded metal door frame painted in pleasing shades of enamel. Lever types handles with mortice lock

Structure Earthquake resistance RCC Frame structure as per-the design of structural consultant.

Electrical Work a. All electrical wiring in concealed conduits with FR grade of standard make copper wires.Convenient provision & distribution of light and power plugs. Provision for electrical chimney above platform and water purifier point in kitchen.b. Emergency response switch at three locations connectd to central monitoring unit (CMU).

c. Night Lamp in master bedroom

Telephone/T.V Provision of TV/Telephone sockets in all rooms.

Lift 13 passenger lift with stretcher capability backed by Automatic Rescue Device (ARD) system..

Staircase Flooring combination of tiles and stones

Power Backup 750 watts in each apartment.

Air-Conditioning Provision of split A/C in drawing/ dining and all bedrooms (no air conditioners are being provided)

Other Facilities Provision for DTH and Washing machine point at convient location. DTH antenna installation for each unit is allowed in only in terrace not with each unit.

Piped Gas Piped gas provision in the kitchen will be provided.





Documents

BUYER(S) THIRD - ugc-inno-nehu.com iou.pdf · Municipality, Maraimalai Nagar vide its letter bearing no. 413/2015 dated 6th November 2015 for one portion of the Project Land for development