Application for Provisional Booking/Allotment Residential /Unit(s) in the
Project “Fin Castle Residency.

To
Finstem Infrastructure India Pvt. Ltd. 
  205, P-6, 2nd Floor, Ocean Complex, Sector-18, 
  Noida, Uttar Pradesh- 201301.

  Dear Sir/Madam.

I/We request that I/We may be provisionally allotted a residential / Built-up Unit/Unit in your project - “Fin Castle Residency, Jagraon, Ferojpur Road under the Down Payment/Installments Payment Plan.

I/We remit herewith a sum of Rs.                    (Rupees 	
only by Bank Draft/Cheque No.                                 dated                                  drawn on
                                                                        bank payable at New Delhi as booking amount.

In the event of the company agreeing to provisionally allot a residential / Built-up Unit/Unit to me/we, I/We agree to pay further installments of sale price and all other dues as stipulated in the application and the Allotment Letter and the Payment Plan as explained to me/us by the company and understood by me/us.

I/we have clearly understood that this application does not constitute an Agreement to Sell and I/We do not become entitled to the provisional allotment and /or possession of a residential / Built-up Unit/Unit notwithstanding the fact that the company may have issued a receipt in acknowledgement of the money tendered with this application. I/we agree to sign and execute the Allotment Letter on the Company’s standard format agreeing to abide and agree by the terms and conditions of the same. I/We have read the standard format of the Allotment Letter of the company.
If, however, I/We fail to execute and return the Allotment Letter within thirty (30) days from the date of its dispatch by the company then this application shall be treated as cancelled only at the sole discretion of the Company and the earnest money (as defined in Clause 9  of the terms and conditions mentioned in this Application )paid by me/us shall stand forfeited. I/We are making this application with the full knowledge that the site plans, location of the Proposed project & the other terms and conditions as stated in this application for allotment are entirely tentative and are liable to be changed, altered, modified, revised, added, deleted, substituted or recast at the sole discretion of the Company as it may deem fit.

I/We agree to abide by the terms and conditions of this application including those relating to payment of sale price and other charges, forfeiture of earnest money as laid down herein and the execution of the Allotment Letter.

I/We agree to abide by the terms and conditions of this application and allotment letter.

My/our particulars are given below for your reference and record:

1.         SOLE OR FIRST APPLICANT Mr./Mrs./Ms. 	
S/W/D of 	 R/o 	 

                                            Nationality 	  Age                            years Profession 	 Residential Status: Resident/Non-Resident/Foreign National of Origin 	  Income Tax Permanent Account No. 	 

Please affix
Your Photograph here

Ward/Circle/range and place where assessed to income tax 	 Mailing Address 	 
                                                    Tel. Nos.                       Fax No. 	 Office Name & Address 	 
                                                    Tel. Nos.                     Fax No. 	

Email ID:  	

Mobile No.  	

Permanent.Address 	

SECOND APPLICANT Mr./Mrs./Ms. 	
S/W/D of  	

                                                Nationality 	  Age                            years Profession 		  Residential Status:  Residential/Non-Resident/Foreign National of Origin 		  Income Tax Permanent Account No. 		

Please affix Your Photograph here

Ward/Circle/Special range and place where assessed to Income Tax 	 Mailing Address 	 
                                                    Tel. Nos.                       Fax No. 	 Office Name & Address 	 
                                                    Tel. Nos.                     Fax No. 	

Email ID:  	
Mobile No.  	

Permanent.Address 	

2.      DETAILS OF /UNIT/UNIT
           Unit No.              -  	
           Required  Area -               (in sq.ft.)(approx.)

Particulars	per sq.ft	Total Amount	
Basic Sale Rate			
Preferential location Charges			

Total Basic Sale Price* (including PLC) -  	      (in words)                   -  	

* Exclusive of other allied charges payable as per the terms of allotment

3.         PAYMENT PLANS :

PLAN “A”                             PLAN “B”

Note:

(DOWN PAYMENT)               (CONSTRUCTION LINKED PAYMENT)

A.        For details please see the price list.
B.        Payments to be made by A/c Payee Cheque(s)/Demand Draft(s) in favor of Finstem
           Infrastructure India Pvt Ltd, Payable at New Delhi..
C.	Stamp duty and registration charges etc. shall be extra at actual and to be borne by the applicant.
D.        The total price above does not include:
a. External Electrification Charges, Gas Pipeline (if   provided) Registration Charges and other allied charges as per the allotment letter.
b.  Any tax paid or payable by the Company and / or   its Contractors by way of Value Added Tax, State Sales Tax, Central Sales Tax, Works Contract Tax, Service Tax, and Education Cess or any other taxes by whatever name called, in connection with the execution and sale of project (hereinafter collectively referred to as “Taxes”)shall be payable by the applicant.
c.   The Company shall intimate to the Intending allottee, the amount payable as stated in (b) above and the Intending allottee shall make payment within 15 (Fifteen) days of such intimation.

DECLARATION:

I/We the applicant(s) do hereby declare that the above particulars/information given by me/us are true and correct and nothing has been concealed therefrom.   I have read, understood agreed to and signed the enclosed terms and conditions herein and undertake to abide by the terms and conditions of Allotment Letter to be executed.

Date 	

Yours faithfully,

Place 	

Signature of applicant(s)/Intending Allottee(s)

For Office Use Only 
RECEIVING OFFICER

Name                                            Designation                          Signature 	

1.         Application  - Accepted/Rejected
2.         Detail of /Unit
a.   Unit No. 	

Particulars	per sq.ft	Total Amount	
Area			
Basic Sale Rate			
Preferential location Charges			
Total Basic Sale Price* (including PLC) -  	
(in words)                   -  	

* Exclusive of other allied charges payable as per the terms of allotment
4.   Payment  received  at  the  time  of  booking  vide  Cheque/DD/Pay  Order. 	
dated                                    of Rs.                               drawn on                                  Bank
5.   Provisional booking receipt no.                                 dated  	
6.   Booked by : Name of Agent                                 Brokerage Payable  	
7.   Joint Applicant no.’s   	
8.   Remarks 	

Date 	

Place  	

(Authorized Signatory)

PRINCIPAL TERMS AND CONDITIONS FORMING A PART OF THIS APPLICATION FOR PROVISIONAL ALLOTMENT OF RESIDENTIAL UNIT(S) IN “ Fin Castle Residency ”, JAGRAON.

The principal Terms and conditions for the provisional allotment are set out herein below which shall form part and parcel of   the comprehensive Allotment Letter to be executed between the company and the Intending allottee(s).

1.         The project is located in Jagraon, Fizojpur Road, Ludhiana.

2.	The Intending allottee(s) has satisfied himself/herself about the right, interest and title of the Company in the land on which the said /Unit(s) are proposed to be developed and has understood all limitations and obligations in respect thereof.  

3.	That the company shall have the exclusive right to accept /reject this application in its sole discretion.

4.	The  intending  allottee(s)  has  applied  for  provisional  allotment  of  a  residential Unit(s) in the Project ““Fin Castle Residency, Jagraon” (hereinafter referred to as the said /Unit) admeasuring                  sq.ft and. with full knowledge of all the laws/notification and rules applicable to this area in general and this project in particular, which have been explained by the Company and understood by him/her.

5.	The tentative layout plans have been seen by the applicant(s) / intending allottee (s) and agrees that the company may effect such variations/ alternations/modifications etc., therein as deems fit or appropriate and/or as may be done by the sanctioning authority and the applicant(s) hereby gives his/her consent to such variation/additions/alterations/deletions/modifications etc.

6.	That the applicant(s)/ intending allottee(s) agrees that he/she shall pay the basic sale price of the /Unit(s) and all other charges payable as per the opted payment plan or as and when demanded by the Company as the case may be.  He/She also agrees to make all payments through demand drafts/cheques payable at New Delhi only.

7.	The Intending Allottee hereby agrees to pay additionally as preferential location charges for preferential location as applicable and in a manner and within the time as stated in the payment plan.   However, the Intending Allottee has specifically agreed that if due to any change in the layout plans, the said /Unit ceases to be in a preferential location, the Company shall be liable to refund only the amount of preferential location charges paid by the Intending Allottee and such refund shall be adjusted in the last installment as stated in the payment plan. If due to any change in the layout plan, the /Unit becomes preferentially located, then the Intending Allottee shall be liable and agrees to pay as demanded by the Company additional preferential location charges as stated in the payment plan.

8.	Basic Selling price does not include any other  charge  of  similar  nature  levied  by  the  Government  Authority(s). The intending allottee(s) agrees to pay the same as and when demand is raised by the company for the same.

8A	The allottee shall pay additionally i.e other than the Basic Selling Price, to the company, the charges for the installation of water connection and LPG/Cooking Gas, electricity connection by the company.

9.	The  company and  the  applicant  hereby  agree  that  the  amount  paid  with  the application and in installments, as the case may be, to the extent of 20% of the basic sale price of the Unit, will collectively constitute the “Earnest Money”. This Earnest Money shall stand forfeited at the sole discretion of the company, in case of the non-fulfillment of the terms and conditions contained herein and those of the allotment letter.

10.	The timely payment of installments is the essence of the terms and conditions of the booking.   However, the company at its sole discretion may condone the delay in payments by charging interest at a rate of 21% per annum compounded quarterly for the period(s) of delay.  In the event of irregular/delayed payments/non-fulfillment of terms of payment, the booking may be cancelled at the sole discretion of the company.   The 20% of the basic sale price of the /Unit constituting Earnest Money  shall  stand  forfeited  in  case  of  cancellation  of  the  booking.    Balance payment,  if  any,  shall  be  refunded  without  any  interest  after  return  of  original receipts  and  other  documents  by  the  prospective  intending  allottee(s)  to  the company, concerning the booked /Unit(s).

11.	It shall be the duty of the intending allottee(s) to make regular installments payment in   accordance with the Payment Plan opted, on his own, without any dependence
/reference to any demand notices being issued by the company, except in case of construction/development Linked Payment Plan (applicable only in case of built-up units).

12.	The  company  may,  at  its  sole  discretion  and  subject  to  applicable  laws  and notifications or any government directions  as may be in force, permit the Intending Allottee to get the name of his/her nominee substituted in his/her place subject to such terms and conditions and charges as the company may impose.  The Intending Allottee shall be solely responsible and liable for all legal, monetary or any other consequences that may arise from such nominations. It is specifically made clear to the Intending Allottee that as understood by the Company at present there are no executive instructions of the competent authority to restrict any nomination / assignment of allotted /Unit. However, in the event of any imposition of such executive instructions at any time after the date of this application to restrict nomination / assignment of the allotted /Unit by any authority, the Company

will have to comply with the same and the Intending Allottee has specifically noted the same.

13.	The electricity supply shall be obtained from Electricity Authority /Body and the cost of the installation shall be charged extra on from the intending allottee(s).

14.	The  Intending Allottee also agrees to pay Govt./Local Body rates, cesses, charges, ground rent, taxes of all and any kind by whatever name called, whether levied, or leviable  now  or  in  future,  as the  case  may  be    for  the  provisional  allotment  in proportion to the area of the /Unit allotted prior to the execution of the sale deed. If such charges are increased (including with retrospective effect) after the sale deed / lease has been executed then these charges shall be treated as unpaid sale price of the /Unit and the company shall have lien on the /Unit of the Intending Allottee for the recovery of such charges.

15.	The Company shall endeavor to give possession of the /Built-up Unit/Unit to the applicant(s) intending allottee(s) in a period of 24 months approximately incase of s and 30 months in case of built-up units from the date of execution of allotment letter subject to force-majeure circumstances, and reasons beyond the control of the Company and subject to receipt of complete dues and other charges as per installment plan opted by the intending allottee(s).  The applicant/intending allottee shall not be entitled to any compensation on the grounds of delay in possession due to reasons beyond the control of the company. The Company on completion of the development/construction shall issue final call notice to the applicant(s)/intending allottee (s), who shall within 15 days thereof, remit all dues and take possession of /Unit  after  registration  of sale  deed.    In  the  event  of  his/her  failure  to  take possession for any reason whatsoever, he/she shall be liable to pay all maintenance charges to the company  or the nominated agency  and/or  any other levies on account of the /Unit  The maintenance charges shall be reckoned from the date of  offer of possession.	The company or its nominated agency shall charge holding / watch and ward charges, as may be, applicable at the Company’s discretion, if the intending allottee(s) fails to take possession within the period mentioned in the offer of possession.

16.	That the possession of the said residential /Unit shall be delivered to the intending allottee(s) after the same is ready for occupation and use, provided all the amounts due by the intending allottee(s) are paid to the company.   The intending allottee(s) shall take possession of the said residential /Unit within such period as may be mentioned in the “offer of possession” issued/sent by the company.

17.       The company reserves the right to change location/number/area of the /Unit.

18.	The  Intending  Allottee  upon  development  of  the  said  project  and  offer  of possession of the Unit agrees to enter into a maintenance agreement with any Association / Body  of Unit owners or any other nominee/agency/association(s) or other body(ies) (hereinafter referred to as ‘the Maintenance Agency’)  as may be appointed / nominated by the company from time to time for the maintenance and upkeep of the said /Unit and common areas and the Intending Allottee undertakes to pay the maintenance bills  as raised by the Maintenance Agency  from the date of offer	of    possession,    irrespective    whether    the    Intending    Allottee    is    in occupation/possession of the /Unit or not.  

Further, the company / its nominated agency reserves the right to increase maintenance charges/ security from time to time in keeping with the increase in the cost of maintenance services and the Intending Allottee agrees to pay such increases within fifteen(15) days of demand by the Company/its nominated agency for the maintenance.

19.	The Intending  Allottee shall pay, as and when demanded by the Company, the Stamp Duty, Registration charges and all other incidental and legal expenses for execution and registration of sale deed of the /Unit in favour of the Intending Allottee which shall be executed and got registered after receipt of the full sale price, other dues including payment of Maintenance Security payable to the Company or the Maintenance Agency, as the case may be and the said charges and expenses as may be payable or demanded from the Allottee in respect of the /Unit allotted to him/her.
20.	The Stamp Duty, Registration charges and all other incidental and legal expenses for execution and registration of any agreement / deed / document executed between the company and the intending allottee shall be borne by the intending allottee.

21.	The Intending Allottee undertakes to execute the sale deed within sixty (60) days from the date of offer of possession failing which the Intending Allottee authorizes the company to cancel the allotment and forfeit the earnest money, delayed payment interest etc. and refund the balance price paid by the allottee without any interest.

22.	The Intending Allottee shall inform the company in writing any change in the mailing address mentioned in this application failing which all demands, notices etc. by the company shall be mailed to the address given in this application and deemed to have been received by the Intending Allottee. In case of joint allottee, all communication shall be sent to the first named allottee in this application.

23.	The applicant(s)/intending allottee(s) shall use the /Unit for the purposes for which the allotment has been made.

24.	The Intending Allottee confirms and represents that he/she has not made any payment to the Company in any manner whatsoever and  that the Company has not indicated / promised / represented / given any impression of any kind in an explicit or implicit manner whatsoever, that the Intending Allottee shall have any right, title or interest of any kind whatsoever in any lands, buildings, common areas, facilities and amenities including club, recreation facilities, if any, falling outside the area of the  save and except the use of common areas and such common areas will be identified by the Company in its sole discretion and such identification by the Company in its plans now or in future and the same shall be final, conclusive and binding on the Intending Allottee.   The Company relying on this specific undertaking of the Intending Allottee has   agreed to provisionally allot the aforementioned /unit and this undertaking shall survive throughout the possession and occupancy of the  /unit by the Intending Allottee, his/her legal representatives, successors, administrators, executors, assigns etc.

25.	It is made clear by the Company and fully understood by the Intending Allottee the allotment whether provisional and /or final, in no manner shall confer any right, title or interest in any lands, facilities, amenities, club and buildings outside the area(land) of the /unit allotted.  In the event of the intending allottee wishing to use the Club, the Intending Allottee undertakes to pay such fees, charges as may be decided by the company or agency providing the recreational facilities at club and complete such documentation and formalities as may be deemed necessary by the Company in its sole discretion for this purpose.

26.	The intending allottee, if resident outside India, shall be solely responsible to comply with the necessary formalities, as laid down in the FEMA 1999  or other applicable laws including that of remittances of payment(s) for  acquisition of property and for submission of any documents/declarations etc. as may be prescribed.

27.	The Intending Allottee agrees that, if as a result of any legislation, order or rule or regulation made or issued by the Govt. or any other Authority or if competent authority(s) refuses, delays, withholds, denies the grant of necessary approvals for the said  Township  or  if  any  matters,  issues  relating  to  such  approvals,  permissions, notices, notifications by the Competent authority(s) become subject matter of any suit
/ writ / legal proceedings before a competent court or due to force majure conditions, the Company, after provisional and / or final allotment, is unable to deliver   the /Unit to the Intending Allottee for his/her occupation and use, the Intending Allottee agrees that the company if it decides in its sole discretion to refund, then it shall be liable only to refund the amounts received from him/her without any interest or compensation whatsoever.

28.	The  allottee  shall  not  be  entitled  to  seek  refund  of  amount  deposit  against  the Unit once demand of installments against the /Unit has gone beyond 70 % or more.  At     this stage, the request for refund of cancellation of /Unit from the intending allottee shall be considered by the company at its sole discretion.  However, the intending allottee shall be free to effect nomination/ assign /endorsement of the /Unit in favour of any other person by requesting for the same to the company and subject to payment of all dues, charges and demands as may be applicable at the time of request.

29.	The Intending Allottee has seen and accepted the plans, designs, specifications  which are  tentative  and  the  Intending Allottee authorises the company to effect suitable and   necessary   alterations   /   modifications   in   the   layout   plans,   designs   and specifications as the company may deem fit or as directed by any competent authority(s). However, in case of any major alteration / modification resulting in ± 10
% change in the   area of the /Unit any time prior to and upon the   grant of
completion/occupation  certificate,  the  company  shall  intimate  to  the  Intending Allottee in writing the changes thereof and the resultant change, if any, in the price of the /Unit to be paid by him/her and the Intending Allottee agrees to inform the company in writing his/her consent or objections to the changes within thirty (30) days from the date of such notice failing which the Intending Allottee   shall be deemed to have accepted the changes.. The Intending Allottee agrees to pay the prevailing market rate for any increase in the area of the /Unit within 30 days of the receipt of information and demand by the company. If the Intending Allottee writes to the company within thirty (30) days of intimation by the company indicating his non-consent/objections to such alterations / modifications then the company shall try and accommodate the allottee at an alternate location.

30.	All or any disputes arising out or touching upon or in relation to the terms of this application and/or Allotment Letter including the interpretation and validity of the
terms thereof and the respective rights and obligations of the parties shall be settled amicably by mutual discussion failing which the same shall be settled through arbitration. The arbitration proceedings shall be governed by the Arbitration and Conciliation Act, 1996 or any statutory amendments/modifications thereof for the time being in force. 

31.	In the event that any one or more of the phrases, sentences, clauses or paragraphs contained in this application and/or the allotment letter are be declared invalid by a final and unappealable order, decree or judgement of a Court, then this Application shall be construed as if such phrases, sentences, clauses or paragraphs , had not been inserted in this application   and/or allotment letter and the construction and interpretation of this  application and the allotment letter shall not be effected.

32.	This Application and the allotment letter (to be executed later) shall be construed, interpreted,  governed  and   applied   in   accordance   with   the   laws,   regulations, ordinances or the laws applicable in India and shall be subject to the exclusive jurisdiction of the Courts at Delhi.

I/We have fully read and understood the above mentioned terms and conditions and agree to abide by the same. I/We understand that the terms and conditions given above are of indicative nature with a view to acquaint me/us with the terms and conditions as may be comprehensively set out in the Allotment letter and the present terms and conditions would be read and taken to be part of such allotment letter.

33.	The allottee shall be entitled to complete the 20 percent payment within 15 days from booking date and rest of the 15 percent payment liable to pay within 2 month from date of booking, If the allotte fail to complete the criteria the Earnest money will be forfeited without any prior notification.

  34.	The company shall intend to pay Rs 5/sq ft/month as a compensation in case of delay 
             in possession beyond 24 months.             

35.	I/We are fully conscious that it is not incumbent on  the part of the company to send us reminders/notices in respect of our obligations as set out in this application and/or Allotment Letter and I/We shall be fully liable for any consequences in respect of defaults committed by me/us in not abiding by the terms and conditions contained in this application and/or Allotment Letter. I/We have sought detailed explanations and clarifications from the company and the company   has readily provided such explanations and clarifications and after giving careful consideration to all facts, terms, conditions and representations made by the company, I have now signed this application form and paid the monies   payable there under fully conscious of my liabilities and obligations including forfeiture of earnest money as may be imposed upon me. I/We further undertake and assure the company that in the event of cancellation of my/our provisional and/or final allotment either  by way of forfeiture or refund of my/our monies or in any manner whatsoever including but not limited to as set out in the terms and conditions provided in this application, I/We shall be left with no right, title, interest or lien on the /Unit applied for and provisionally and/or finally allotted to me/us in any manner whatsoever.

	Date:

Place:                                                                          Signature of intending allottee(s)