Spire One Application Form (1)

8/13/2019 Spire One Application Form (1)

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APPLICATION FORM


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Dear Sir(s),

I/We, the undersigned, request you to book for allotment to me/us on leasehold basis, space in the tower named Spire One (particulars of whichare given herein-below) in Information Technology Park named World Trade Centre Noida, being constructed & developed by you at Plot No.

TZ-13A, Sector Tech Zone, Greater Noida Industrial Development Area, District Gautam Budh Nagar (Uttar Pradesh)

WTC Noida Development Company Pvt. Ltd.

GF-09, Plaza M-6, District Centre Jasola, New Delhi 110 025

Subject: Request for booking of Unfurnished space in Spire Oneat project named as

WORLD TRADE CENTER NOIDA.

Self attested

photograph of Second

Applicant

(if applicable)

Self attested

photograph of

Sole/First Applicant

My/Our particulars are given below:

Corporate & Sales Office: GF-09, Plaza M6, District Centre, Jasola, New Delhi - 110 025, T: (+91 ) 11 4071 4000

Fax: (+91) 11 4051 5601 | E: [email protected] | W: www.wtcnoida.org

SOLE/FIRST APPLICANT(Compulsory to fill all the details)

Name ____________________________________________________________________________________________________________

S/W/D of _________________________________________________________________________________________________________

(in case of company, mention name and designation of authorized signatory)

Date of Birth ____________________________________________________Nationality ___________________________________________

(in case of company, mention date of incorporation)

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Signature of applicant(s)_______________________________

Correspondence Address _____________________________________________________________________________________________

_________________________________________________________________________________Pin __________________________

Contact No.: Office________________________________Residence_________________________Mobile _____________________________

Fax ____________________________________________Email _____________________________________________________________

Permanent Address _________________________________________________________________________________________________

_________________________________________________________________________________Pin __________________________

Phone No. _______________________________________STD/ISD Code _______________________________________________________

PAN________________________________Ward/Circle/Range (where assessed) __________________________________________________

Residential Status:*Resident *Non-Resident Indian*Foreign National of Indian Origin *Others (Please Specify) __________________

Organisation Name & Address __________________________________________________________________________________________

_________________________________________________________________________________Pin _____________________________

Designation________________________________Contact No _________________________Fax ___________________________________

Occupation:*Service *Self Employed Professional*Business *Retired *Housewife *Any Other ____________________________

A SPIRE INIT IATIVE


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SECOND APPLICANT(If any, compulsory to fill all the details)

Name ____________________________________________________________________________________________________________

S/W/D of _________________________________________________________________________________________________________

(in case of company, mention name and designation of authorized signatory)

Date of Birth ____________________________________________________Nationality ___________________________________________

(in case of company, mention date of incorporation)

PARTICULARS OF SPACE/BOOKING

1. Size: ________________________________ Square Feet in Super Area

2. Tower Details: Spire One

3. Particulars: Unfurnished

4. Nature of Space: Lockable/Unockable.

5. Consideration:

Basic Price/Premium:` /- (Rupees Only) Per Square Feet of Super Area.

Car Parking Usage Charge : Open/Covered

6. Booking amount: ` /- (Rupees Only) vide cheque/draft/pay order

bearing No. dated drawn on issued in favor of

If paid by any other mode, please specify:

I/We have read & understood your payment plans & attached terms & conditions and undertake to be bound by the same. I/We declare that the particulars

given hereinabove are true and correct.

Signature of applicant(s )_______________________________

Correspondence Address _____________________________________________________________________________________________

_________________________________________________________________________________Pin __________________________

Contact No.: Office________________________________Residence_________________________Mobile _____________________________

Fax ____________________________________________Email _____________________________________________________________

Permanent Address _________________________________________________________________________________________________

_________________________________________________________________________________Pin __________________________

Phone No. _______________________________________STD/ISD Code _______________________________________________________

PAN_____________________________Ward/Circle/Range (where assessed) _____________________________________________________

Residential Status:*Resident *Non-Resident Indian*Foreign National of Indian Origin *Others (Please Specify) __________________

Organisation Name & Address __________________________________________________________________________________________

_________________________________________________________________________________Pin _____________________________

Designation________________________________Contact No _________________________Fax ___________________________________

Occupation:*Service *Self Employed Professional *Business *Retired *Housewife *Any Other ___________________________

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Page 4 of 12

PAY M E N T P L A N

Applicant 1:______________________

Applicant 2:______________________

Please confirm the payment plan you have opted for by signing at the end of relevant plan and striking off other plans.

Note:

(1) Date of Booking refers to the receipt of application along with the booking amount and all KYC documents (identity proof, address proof, photo, PAN,

NRI/PIO status docs, and other documents) by the Developer. Notwithstanding the realization of the booking amount, Developer reserves right to reject the

application in case KYC Norms are not fulfilled within 30 days of receipt of Application.

(2) Service Tax as applicable shall be payable extra in accordance with prevailing law/rule. Any return will be payable only if the applicant has paid all

applicable taxes including service tax alongwith corresponding installment/payment.

(3) Additional/Other charges applicable commonly to all applicants under concerned payment plan shall be payable by Applicant on proportionate area basis

as per demand.

(4) Pre-possession Return:To expedite and encourage upfront payment of basic price/premium, the Developer agrees that with effect from the date of

realization of entire basic price/premium to developers account, the developer will pay returns @ 12% (Twelve Percent) per annum to the Applicant on the

amount of basic price/premium received. This return shall be inclusive of all taxes including Service Tax, if applicable on such returns. The return shall be

paid only on the basic price/premium received and on no other amount whether paid as charges, taxes, interest or any other amount. However

non-payment of these charges, taxes, interest, etc. shall constitute a default and no return shall be payable during the period such default continues. In

case of default in making payment of any installment, charges, fees, taxes or any other amount, no return shall be payable till the date of realization of

defaulted amount along with any interest on such delayed payment, if any. The return shall be paid on monthly basis after deducting TDS, if any. The

return shall be payable till the date of offer of possession of Unit.

(5) Commitment Charges:Developer expects that the lease rental from sub-leasing of the Unlockable Unit shall not be less than Rs. 52 per sq. ft. per month

(inclusive of all taxes), accordingly the Developer agrees to compensate the Applicant for any deficit in the actual rent received from sub-leasing of theUnit for a period of 36 (Thirty Six) months from the date of offer of possession. During such period the Applicant agrees to make his Unit available for

sub-leasing to the Lease Facilitation Centre. In case the Applicant withdraws his Unit from the Lease Facilitation Centre or request for conversion of his

Unit into Lockable Unit, the Developers obligation under this clause shall cease with immediate effect. The commitment charges shall be paid on monthly

basis after deducting TDS, if any.

(6) In case of joint applicants, Pre-possession Return and Commitment Charges shall be payable in following proportion:

100% Down Payment Plan with 12% P.A. Return

Basic Price/Premium As applicable

Booking Amount Rs. 2,00,000/- (Rs. Two Lakh Only)

First Installment 10% of Basic Price/Premium (including booking amount) within 30 days from date of booking

Second Installment 90% of Basic Price/Premium within 60 days from date of booking

Signature of applicant(s )_______________________________


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Applicant 1:______________________

Applicant 2:______________________

Note:

(1) Date of Booking refers to the receipt of application along with the booking amount and all KYC documents (identity proof, address proof, photo, PAN,NRI/PIO status docs, and other documents) by the Developer. Notwithstanding the realization of the booking amount, Developer reserves right to reject theapplication in case KYC Norms are not fulfilled within 30 days of receipt of Application.

(2) Service Tax as applicable shall be payable extra in accordance with prevailing law/rule. Any return will be payable only if the applicant has paid allapplicable taxes including service tax alongwith corresponding installment/payment.

(3) Additional/Other charges applicable commonly to all applicants under concerned payment plan shall be payable by Applicant on proportionate area basisas per demand.

(4) Pre-possession Return:To expedite and encourage payment of basic price/premium, the Developer agrees that with effect from the date of realization ofsecond installment (i.e., with effect from the date of realization of 50% of basic price/premium) to developers account, the developer will pay returns @11% (Eleven Percent) per annum to the Applicant on the amount of basic price/premium received. For the Applicant who intends to accelerate thepayment of balance basic price/premium, the Developer agrees to pay enhanced return in following manner: an upgraded return @12% (twelve percent)per annum on the basic price/premium received if entire 100% basic price/premium is paid within 12 months from the date of booking OR an upgradedreturn @11.5% (eleven and a half percent) per annum on the amount of basic price/premium received if entire 100% basic price/premium is paid within18 months from the date of booking.

This return shall be inclusive of all taxes including Service Tax, if applicable on such returns. The return shall be paid only on the basic price/premiumreceived and on no other amount whether paid as charges, taxes, interest or any other amount. However non-payment of these charges, taxes, interest,etc. shall constitute a default and no return shall be payable during the period such default continues. In case of default in making payment of any

installment, charges, fees, taxes or any other amount, no return shall be payable till the date of realization of defaulted amount along with any interest onsuch delayed payment, if any. The return shall be paid on monthly basis after deducting TDS, if any. The return shall be payable till the date of offer ofpossession of Unit.

(5) Commitment Charges:Developer expects that the lease rental from sub-leasing of the Unlockable Unit shall not be less than Rs. 52 per sq. ft. per month(inclusive of all taxes), accordingly the Developer agrees to compensate the Applicant for any deficit in the actual rent received from sub-leasing of theUnit for a period of 36 (Thirty Six) months from the date of offer of possession. During such period the Applicant agrees to make his Unit available forsub-leasing to the Lease Facilitation Centre. In case the Applicant withdraws his Unit from the Lease Facilitation Centre or request for conversion of hisUnit into Lockable Unit, the Developers obligation under this clause shall cease with immediate effect. The commitment charges shall be paid on monthlybasis after deducting TDS, if any.


50%:25%:25% Down Payment Flexi Plan with 11 % P.A. Return





Third Installment 25% of Basic Price/Premium within one year from date of booking

Fourth Installment 25% of Basic Price/Premium within two years from date of booking

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Note:

(1) Date of Booking refers to the receipt of application along with the booking amount and all KYC documents (identity proof, address proof, photo, PAN, NRI/PIO

status docs, and other documents) by the Developer. Notwithstanding the realization of the booking amount, Developer reserves right to reject the application in

case KYC Norms are not fulfilled within 30 days of receipt of Application.

(2) Service Tax as applicable shall be payable extra in accordance with prevailing law/rule. Any return will be payable only if the applicant has paid all applicable taxes

including service tax alongwith corresponding installment/payment.

(3) Additional/Other charges applicable commonly to all applicants under concerned payment plan shall be payable by Applicant on proportionate area basis as per

demand.

(4) Pre-possession Return:The Developer agrees that with effect from the da te of realization of second installment (i.e., with effect from the date of realization of

25% of basic price/premium) to developers account, the developer will pay returns @ 10% (Ten Percent) per annum to the Applicant on the amount of basic

price/premium received by the Developer. For the Applicant who intends to accelerate the payment of balance basic price/premium, the Developer agrees to pay

enhanced return in following manner: if 100% Basic Price/Premium is received along with applicable service tax (i) within 12 months from the date of booking, the

Developer agrees to pay return @12%p.a. or (ii) within 18 months from the date of booking, the Developer agrees to pay return @11.5%p.a. or (iii) within 24

months from the date of booking, the Developer agrees to pay return @11%p.a. or (iv) within 30 months from the da te of booking, the Developer agrees to pay

return @10.5%p.a, provided that the aforesaid enhanced return shall be paid from the date of receipt of 100% Basic Price/Premium along with applicable service

tax by the developer. Alternatively, the return may be enhanced by expediting the payment of basic price/premium in the following manner: the applicant shall be

entitled to an additional return @0.5% (half percent) per annum for each installment that is prepaid along with payment of a due installment. The installment

prepaid shall be deemed to be the last installment payable and all other installment shall be due and payable as per the payment plan. Notwithstanding anything

mentioned aforesaid, the maximum return payable under this plan shall not exceed 12% per annum of the basic price/premium received. The enhanced return shall

be payable only if the entire installment is prepaid and not on any prepayment of portion of installment and shall be paid from the date of receipt of such prepaid

installment.

This return shall be inclusive of all taxes including Service Tax, if applicable on such returns. The return shall be paid only on the basic price/premium received and

on no other amount whether paid as charges, taxes, interest or any other amount. However non-payment of these charges, taxes, interest, etc. shall constitute a

default and no return shall be payable during the period such default continues. In case of default in making payment of any installment, charges, fees, taxes or any

other amount, no return shall be payable till the da te of realization of defaulted amount along with any interest on such delayed payment, if any. The return shall be

paid on monthly basis after deducting TDS, if any. The return shall be payable till the da te of offer of possession of Unit.

(5) Commitment Charges:Developer expects that the lease rental from sub-leasing of the Unlockable Unit shall not be less than Rs. 52 per sq. ft. per month (inclusive

of all taxes), accordingly the Developer agrees to compensate the Applicant for any deficit in the actual rent received from sub-leasing of the Unit for a period of 36

(Thirty Six) months from the date of offer of possession. During such period the Applicant agrees to make his Unit available for sub-leasing to the Lease Facilitation

Centre. In case the Applicant withdraws his Unit from the Lease Facilitation Centre or request for conversion of his Unit into Lockable Unit, the Developers

obligation under this clause shall cease with immediate effect. The commitment charges shall be paid on monthly basis after deducting TDS, if any.


25% Down Payment with 10% P.A. Return ( Step-up Plan)





Balance Installments Balance 75% of basic price/premium shall be payable in six installments of which five installments shall be paid every six

months and the final installment along with any dues/penalty/outstanding shall be payable at the time of offer of possession.

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Applicant 1:______________________

Applicant 2:______________________


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Note:




(2) Service Tax as applicable shall be payable extra in accordance with prevailing law/rule. Any return will be payable only if the applicant has paid all

applicable taxes including service tax along with corresponding installment/payment.

(3) The Applicant shall be responsible to pay the instalments as and when due and the Developer shall not be bound to raise the demand for such

instalments. Any failure to pay the due instalment shall be an event of default and the Applicant shall be liable for the consequences of such default as

provided in the enclosed terms and conditions.

(4) Additional/Other charges applicable commonly to all applicants under concerned payment plan shall be payable by Applicant on proportionate area basis

as per demand.

(5) The Applicant(s) shall have an option to switch to any other payment plan within 6 (six) months of booking, subject to such condition as may be

determined by the Developer from time to time. The Applicant(s) shall send his/her/it request to the Developer indicating his/her/it intention to switch to

any other payment plan and shall comply and fulfill the minimum threshold requirement for commencement of return within 30 days of exercise of option

to switch to another payment plan. The option to switch to another payment plan shall be available only once and option once exercise shall be final and

binding on the Applicant. The Applicant(s) agrees to execute such documents and agreement as may be desired by the Developer in this regard.




Second Installment 10% of Basic Price/Premium within 6 months from date of booking

Third Installment 10% of Basic Price/Premium on commencement of piling

Fourth Installment 10% of Basic Price/Premium on completion of raft work

Fifth Installment 10% of Basic Price/Premium on casting of lower ground

Sixth Installment 10% of Basic Price/Premium on casting of fifth floor

Seventh Installment 10% of Basic Price/Premium on casting of Tenth Floor

Eight Installment 10% of Basic Price/Premium on casting of Fifteenth Floor

Ninth Installment 10% of Basic Price/Premium on casting of top floor

Final Installment 5% of Basic Price/Premium on offer of possession

Construction-linked Payment Plan with Switch Option (CLP Plus)



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(1) The Applicant under this Payment Plan shall be entitled to a discount of 24% on the applicable basic price/premium, if he pays 100% basic price/premium

within 60 days from the date of booking. The amount of discount shall be adjusted proportionately over the instalment. Under this payment plan, the

Appl icant shall not be enti tled for any pre-possession return/commitment charges.




(3) Service Tax as applicable shall be payable extra in accordance with prevailing law/rule.

(4) Additional/Other charges applicable commonly to all applicants under concerned payment plan shall be payable by Applicant on proportionate area basisas per demand.

Down payment Plan with No Return







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Note:

1 Date of Booking refers to the receipt of application along with the booking amount and all KYC documents (identity proof, address proof, photo, PAN,



2. Service Tax as applicable shall be payable extra in accordance with prevailing law/rule.

3. The Applicant shall be responsible to pay the instalments as and when due and the Developer shall not be bound to raise the demand for such

instalments. Any failure to pay the due instalment shall be an event of default and the Applicant shall be liable for the consequences of such default as

provided in the enclosed terms and conditions.

4. Additional/Other charges applicable commonly to all applicants under concerned payment plan shall be payable by Applicant on proportionate area basis

as per demand.

Applicable to All Plans

Additional Charges:(1) Preferential Location Charges:

Ground Floor 20% of Basic Price/Premium

First Floor 10% of Basic Price/Premium

Second Floor 7.5% of Basic Price/Premium

Third Floor 5% of Basic Price/Premium

(2) *Right to Use Car Parking Space: For every 450 square feet of super area, the applicant may ask for one car park on right to use basis. With booking of

lockable space at least one car park is compulsory for which charges shall be payable at the time of offer of possession, however, for unlockable space

car park is optionally to be taken. Charges for right to use car park are as follows:

Open: Rs. 2,00,000/- (Rupees Two Lakhs Only) per car park

Covered: Rs. 3,60,000/- (Rupees Three Lakh Sixty Thousand Only) per car park

(3) Power Backup Installation: Every space of 450 Square Feet will come with power backup of 1 KVA load. Additional power backup load will be payable extra

as per then prevailing rates.

* Subject to availability.

Note

Price, other charges and payment plans are subject to change without any notice. Please check the prices and payment plans applicable on the date of booking. 1sq. ft. = 0.093 sq. mtr.

Payment terms are to be read along with the terms & conditions stated in the Booking Application Form. All payment through cheques/DD or any other modes are subject to realization to the account of developer.





Third Installment 10% of Basic Price/Premium within 90 days from date of booking

Fourth Installment 10% of Basic Price/Premium within 120 days from date of booking

Fifth Installment 10% of Basic Price/Premium on completion of upper basement slab casting

Sixth Installment 10% of Basic Price/Premium on casting of fourth floor

Seventh Installment 10% of Basic Price/Premium on casting of top slab casting

Eighth Installment 10% of Basic Price/Premium on service finalization

Ninth Installment 10% of Basic Price/Premium on completion of brick work

Tenth Installment 5% of Basic Price/Premium on casting of parking finalization

Final Installment 5% of Basic Price/Premium on offer of possession

Construction-linked Payment Plan




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T E R M S A N D C O N D I T I O N S

The following terms & conditions and the payment plans attached herewith forms an integral part of the application for booking of space (Unit) for allotment on leasehold basis in tower

named Spire One of Information Technology Park named World Trade Center Noida (Complex) being constructed & developed at Plot No. TZ-13A, Sector Tech Zone, Greater Noida Industrial

Development Area, District Gautam Budh Nagar (Uttar Pradesh) (i.e., said plot) by M/s WTC Noida Development Company Private Limited (Developer).

1. Greater Noida Industrial Development Authority (GNIDA) has granted approximately 85,029.64 sq. mtrs. of land at Plot no. TZ-13A, Sector Tech Zone, Greater Noida Industrial

Development Authority, District Gautam Budh Nagar (Land) on lease to Ms/ Sundaram I.T. Parks Pvt. Ltd. vide lease deed dated April 18, 2007, for setting up an IT/ITES related project.

2. M/s Sundaram I.T. Parks Pvt. Ltd. has entered into an arrangement with M/s WTC Noida Development Company Private Limited (Developer) whereby Developer is entitled todevelop/construct and market built-up area being constructed on a portion of the Land. The Developer is also entitled to accept application along with booking amount/advance(s) from

the applicants and execute documents including agreement in respect of the Unit.

3. Applicant(s) has checked, verified and appraised himself with all laws, rules, regulations, notifications, circulars, policies of Government including those of Greater Noida Industrial

Development Authority applicable to the Land and the Complex. The applicant has fully satisfied himself about the interest/title of the Developer in the Land and has understood all

limitations and obligations in respect thereof.

4. Applicant(s) understands and acknowledges that building plans for the Complex; specifications, quality, standard & quantity of material to be used in construction of the Complex and

nature of facilities to be provided in the Complex, as may be shared with the Applicant(s) is tentative. The Applicant further agrees that the Developer may affect such variations,

additions, alterations, deletions and modifications to the plans, specifications and facilities as may be appropriate either on the advise or direction of the consultant/architect or as may

be done by any competent authority.

5. The Applicant agrees that this Application is a mere request by the Applicant(s) for booking of the Unit and the Developer reserves the right to accept or refuse the application of the

Applicant(s) without assigning any reason. The applicant agrees and acknowledge that mere submission of the application and encashment of the booking amount creates no in terest of

the Applicant in the Unit unless the booking is accepted by the Developer. Notwithstanding the encashment of cheque/demand draft/pay order for the booking amount, in case theDeveloper refuses to accept the booking for the Unit due to any reason whatsoever, in that eventuality the refund of the amount received from the applicant(s) without any interest shall

be complete discharge of all obligations on the part of the Developer. The Applicant(s) thereafter shall have no other right, claim or interest of whatsoever nature in the Unit/Complex or

against Developer. The Applicant(s) specifically agrees that the allotment of the Unit shall be subject to strict compliance of all terms and conditions of this application and of the

agreement to be executed by the Developer for occupation and use and such other conditions as per the applicable laws.

6. The Applicant(s) has clearly understood that this application is not an assurance or offer of allotment or allotment or an agreement to lease and the applicant(s) do not become entitled to

any allotment in the Complex notwithstanding the fact that the Developer may have issued a receipt in acknowledgement of the booking amount. The booking shall be deem to be

accepted by the Developer only after the applicant(s) signs and executes the Agreement to Sub-lease (Agreement) in the Developers standard format and the applicant agreeing to

abide by the terms and conditions laid down therein.

7. Amount equivalent to 20% ( twenty percent) of Basic Price/Premium shall be deemed to be earnest money for Unit being booked by applicant(s) in the Complex and to ensure

compliance with the terms and conditions mentioned herein as well as for compliance with the terms of the Agreement to be executed with the Developer. In case, applicant(s) violates

any term or condition of application/Agreement pertaining to the allotment of the Unit or default in payment of basic price/premium or other charges demanded by the Developer or fails

to sign or execute the Agreement and other documents/agreements in the Developers standard format, the developer shall have the right to cancel the allotment and forfeit the earnest

money along with return paid to the applicant till such date of cancellation and brokerage paid to the broker in respect of such booking along with applicable service tax on such

amounts, if any.

8. In case prior to execution of the agreement, applicant(s) wishes to withdraw the application/cancel booking or modify/change the Unit, Applicant(s) shall be liable to pay Rs.30,000/-

(Rupees thirty thousand only) as well as brokerage (if any) paid or payable by developer for applicants booking along with applicable service tax, if any, instead of paying the brokerage,

the Applicant may submit a No objection certificate issued by broker (if any) to the effect that he will not claim any brokerage from developer in respect of applicants booking. In the

event of withdrawal of the application/cancellation of the booking prior to execution of Agreement, the Applicant(s) shall not be entitled to receive any return. However, after execution of

Agreement, he will be entitled to return as specified in the payment plan opted by the App licant(s) from the date when he paid the minimum amount of basic price/premium alongwith

the applicable service tax that entitles the Applicant(s) to the return under such payment plan.

9. In case of locakable units, size of the units mentioned in application is only tentative. However, developer shall endeavour that size of said space does not vary by more than fifteen percent

from what has been stated in application. In any case accounts between developer and applicant(s) will be settled on the basis of actual super area which applicant(s) will finally get.

10. In addition to Basic Price/Premium, applicant(s) has also agreed to pay charges/deposits for preferential location, right to use car parking space, annual lease rent/one time lease rent as

may be applicable. Charges for any equipment(s)/facility (ies) in addition to standard specifications including but not limited to power back-up installation, utility connection, installation

of fire fighting equipments, pollution control equipment/devices, maintenance charges, sinking fund, setting up of electrical sub-station, electrification, WTC charges, leasing fee,permission to lease charges, any escalation in cost of land demanded by GNIDA and any other charges/levies as determined by the developer from time to time shall be payable by the

Applicant(s) proportionate to the area of the Unit.The list of charges mentioned herein are only indicative and not exhaustive and shall be determined by the Developer. These

charges/deposits shall be as specified or as per then prevailing industry standards.

11. All taxes, levies, statutory charges, fees etc. (by whatever names they be called) applicable on the Unit or on any payment made or to be made by applicant(s) shall be borne & paid by

applicant(s). Further if any taxes, levies, statutory charges, fees etc. is imposed on the Complex or on the Land, applicant(s) shall pay the same in proportion to the super area of the Unit.

12. Timely payment by applicant(s) of installments of basic price/premium and other charges, fees, etc., as per payment plan opted by applicant(s) or as demanded by the Developer is the

essence of this transaction. In case applicant(s) fails to pay any of the installments/charges/fees,etc. in time, developer may at its discretion cancel applicant(s) booking/allotment and

forfeit the earnest money, demand to refund return, if any, paid till the date of cancellation or deduct the same alongwith brokerage paid/payable in respect of such booking/a llotment

from the money refundable to the applicant. The Developer may opt to continue the booking/allotment and allow the Applicant(s) to make payment of defaulted amount along with

interest at the rate of 18% per annum or such rate as determined by the developer from time to time for delayed period and such act of the Developer to continue the booking/allotment

shall not deem to consititute waiver of the default committed by the Applicant(s).

13. Applicant(s) shall make all payments towards basic price/premium for the Unit by way of cheques/drafts/pay orders issued in favour of WTC Noida (payable at New Delhi) or in suchname as informed by the developer. For all cheques/drafts/pay orders the date of realization shall be taken as the date of payment. In case any instrument issued by the Applicant(s) is

dishonored for any reason whatsoever, the Applicant(s) agrees that dishonour of cheque tantamount to breach of the terms of Application and the Developer shall be entitled to cancel

the booking/allotment of the Unit at any stage or may accept another cheque towards such defaulted amount subject to such terms and conditions as it may specify including levy of

appropriate charges.



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14. In case the applicant(s) opts for a payment plan with return, the applicant(s) shall be entitled to get returns as per the terms and conditions of the said payment plan, provided the

applicant(s) has not committed default in payment of instalment and/or other charges,fees, etc. in accordance with said plan. In case of default in payments as per payment plan opted by

applicant(s), developer shall be released/discharged from its all liabilities to pay any return. However if applicant(s) subsequently pays the defaulted amount with applicable interest,

developer shall resume the payment of return as per the opted payment plan from the date of payment of defaulted amount along with applicable interest. The Applicant shall not be

entitled to any return for the period of default.

15. Subject to compliance of all terms & conditions mentioned herein as well as mentioned in the Agreement and also subject to payment of basic price/premium & other charges applicable

on the Unit by applicant(s), developer shall effect/cause execution of sub-lease deed of the Unit for such period as permitted by GNIDA or any other authority having jurisdiction over the

Complex. All expenses including Stamp Duty, Registration Fee, leasing fees, Legal and miscellaneous charges involved in its execution and registration including renewals thereof (if any)

shall be borne by applicant(s). Any failure of the Applicant(s) to execute and register the sub-lease deed within 30 days of request for registration, the Developer shall be released of all its

liabilities including liability to pay any return/charges as per the payment plan and the Applicant(s) shall be solely responsible for any damage/loss to the Unit. On execution and

registration of the Sub-lease deed, the Applicant(s) shall be solely and exclusively entitled to the benefit arising out of the Unit.

16. Since construction of the Complex is a large project, developer shall construct the same in phases. Irrespective of whether construction of other phase(s) is complete or not, developer

may offer possession of the Unit after completion of construction of building/tower, wherein the Unit is situated. The occupancy certificate shall not be pre-condition to the offer of

possession by the developer. Applicant(s) must take the possession of the Unit within thirty days from the date of offer of possession. Applicant(s) shall never have any objection to

developer constructing or continuing with the construction of remaining building/tower in Complex. All major common facilities shall be completed and provided only after completion of

construction of all phases.

17. Developer will give possession of the Unit in unfurnished, bare shell condition. Applicant(s) shall be entitled only to the covered area of said unit.

18. Developer shall endeavour to offer possession of the Unit for fit outs within a period of three years from the date of execution of Agreement to Sub-lease of the Unit and shall be enitled

to grace period of 6 months after expiry of three years. If construction of complex/building is delayed due to any reason beyond the control of Developer or due to any act of God or force

majeure or as a result of any Act, Order, Rule etc. of the government or any other public authority then the Developer shall be entitled to reasonable extension of time without any penalty

or damage. The liability of Developer to offer possession shall arise only if the Applicant is regular in payment of all amounts and charges as and when demanded by the Developer and

has complied with the terms and condition of this application or Agreement to Sub-lease executed between the Developer and Applicant(s). Save what has been stated in the opted

payment plan, Developer shall never be liable to pay any damages/compensation/penalty/interest in case of any delay in construction of concerned phase of said complex or delay inoffer of possession of said space.

19. Developer shall be always free to raise/construct additional floor/units in the building or any additional structure in the Complex and to allot/transfer the same to any person(s) on such

terms and conditions, which the developer may deem fit and proper. Developer may change the lay-out plans, building plans and/or floor plans of buildings/structures in said complex in

such manner, which the developer may deem fit and proper.

20. The unit will be a part of Information Technology Park and can be used only for IT/ITES related activities as accepted/approved by Government of Uttar Pradesh and GNIDA.

21. Applicant(s) understands that expression Lockable space shall mean space which is enclosed between walls made from such material as may be considered appropriate by developer

with door for ingress/egress. Expression Unlockable space shall mean undivided space in the Complex.

22. Applicant(s) may transfer/assign his rights/claims/interests in the Unit subject to the terms and condition laid by the Developer in this regard including payment of transfer charges, if any.

However, there will be no charges for first transfer of the Unit. Any transfer/assignment of booking shall be permitted only after the execution of the Agreement to Sub-lease between the

developer and the applicant. Any addition of a new party and deletion of an existing party shall be deemed as transfer for the purpose of this clause and shall be subject to the terms

mentioned in this clause. Further, any request for change in the booking including but not limited to change in the status of the applicant(s) in the agreement or order of the applicant(s) in

case of joint applicant or modification in interest of the aapplicant including entitlement to return as per payment plan or change in the area allotted, reissue of return/charges chequesshall be subject to approval of the Developer and as per the policies of the Developer that may include levy of appropriate charges/fees.

23. Applicant(s) of unlockable unit acknowledge that these units are undivided and unidentified portion of large space, that is not capable of being used separately and can be used only as a

portion of the large space along with other units/spaces of such large space. Accordingly the Applicant(s) of the unlockable units voluntarily agree to submit their units to a body, that may

be an incorporated body or trust or society controlled and managed by the Applicant(s), referred herein as Lease Facilitation Centre, to facilitate leasing of the units of such Applicant(s),

collectively for the benefit of such Applicant(s). Said Lease Facilitation Centre shall be controlled by applicant(s) of such unlockable spaces and applicant(s) shall have

stake/share/representation in said Lease Facilitation Centre, in proportion to his area. Such Lease Facilitation Centre shall either use or allow use or further sub-lease the unlockable units

for common benefits of its members and shall after deducting its total expenses and brokerage/fees payable for sub-leasing of the Unit, distribute the income generated from use/further

sub-lease of the Unit as per its Rules.The Applicant(s) further agrees and acknowledges that once they submit their unit to the Lease Faclitation Centre, they shall be able to withdraw

their unit only with the approval of the Lease Faclitation Centre and other applicants of the unlockable units comprised in such large space. Unlockable spaces will be dealt with in

accordance with the terms of this clause.

24. The Developer may assist the Applicant(s) with setting-up of the Lease Facilitation Centre and the Applicant(s) agree to cooperate with developer in establishing Lease Facilitation Centre

including execution of necessary documents in this regards. Any failure of the Applicant(s) to cooperate with developer in establishing Lease Facilitation Centre or fails to execute/provide

necessary documents, developer will be immediately released/discharged from all its liabilities towards such Applicant(s).

25. The Developer expects the unlockable units to be sub-leased at a rent not lesser than the Commitment charges mentioned in the payment plan and accordingly agrees to compensate

the Applicant(s) for any deficit of actual rent received by the Applicant(s) from sub-letting of his Unit. In case the rent payable on sub-letting of the unlockable Unit is lesser than the

Commitment Charges, then the Developer agrees to compensate for such shortfall for the period indicated in the payment plan. The Developer obligations mentioned herein shall cease to

exist in case the Applicant withdraws his/her/it Unit from the Lease Faclitation Centre or requests for conversion of the Unlockable Unit to a Lockable Unit.

26. In case applicant(s) opts to have Lockable space, location of said space shall be identified by developer at the time of offering possession. Applicant(s) understands and agrees that

applicants preferred location shall be provided subject to availability only. On request of the Applicant who has opted for the Unlockale Unit, the Developer may convert his/her/it

Unlockable Unit into a Lockable Unit provided that the cost related to conversion of the Unit shall be borne by the Applicant and subject to feasibility of converting the Unlockable Unit to

Lockable Unit including access to and from such converted Lockable Unit and such request is made prior to execution and registration of Sub-lease Deed as mentioned in Cl. 15

hereinabove. The Applicant opting for conversion of Unlockable Unit acknowledges that the ratio of Super Area to Carpet Area shall change on such conversion.

27. Applicant(s) understand and agrees that following charges shall always be attached to said space

a) Common area maintenance charges (i.e., CAM) [For providing common services and facilities in said space]

b) Contribution to Sinking Fund [This fund will be used for major repairs or replacement or purchase of new equipments for common use]

c) Interest Free Maintenance Security

d) Charges for consumption of water

e) Cost of insurance of building of said complex

f) Any other charges as may be determined by the developer and/or maintenance agency from time to time.



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Corporate & Sales Office: GF-09, Plaza M6, District Centre, Jasola, New Delhi - 110 025, T: (+91 ) 11 4071 4000

F ( 91) 11 4051 5601 | E i f @ t id | W t id

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