Real Estate Investment Group Investment Concierge & Lifestyle Services

PHYSICALASSESSMENTANDDUEDILIGENCEREVIEWFORREAL ESTATE INVESTORS

There is no rigorous due diligence process for real estate in India as there is for other service industries, such as chartered accountancy or hedge fund management. This is because the real estate market in India, as exciting as it is, tends to be opaque and the uncertainties are many. Consequently, due diligence in this area is more art than science. One Tree Spaces accesses primary source data through painstaking research abilities and a wide network of expert resources. We provide our clients with a uniquely clear, transparent view of the details of a property so that informed decision making can take place.

1. Background Documentation
Along with the background checks, we check against key Central Legislation pertaining to real estate as follows: Transfer of Property Act, 1882 ("TPA"): Deals with the transfer of immovable property by act of the parties. Registration Act, 1908 ("RA"): Deals with the registration of instruments relating to the transfer of an interest in immovable property. Indian Stamp Act: Deals with the amount of duty to be paid on the prescribed instruments including instruments transferring interest in any immovable property. Indian Easements Act, 1882: Deals with the easementary rights of parties, such as right to access etc. Indian Contract Act, 1872 ("ICA"): Deals with the contractual rights and obligations of the parties.

Included in the research and analysis are the local laws related to a selected concerned property, some of which are listed below: Title of the property: this is the most critical aspect, particularly since there are likely to be heir-based claims on the property. Legal due diligence: particularly from the perspective of the body that has jurisdiction over these properties (such as the Wakf Board) and ascertaining any historical disputes would be essential. These bodies will assist in clarifying the ownership of the property. Liabilities related to the subject property: In terms of water and electricity dues, property tax (if applicable), etc. Archeological Survey of India Rules

One Tree Spaces: E 41, Ekta Apartments, Saket, New Delhi 110017. Tel: +91 11 26565341 Mobile: 9968593025 Email: mail@onetreespaces.com

Real Estate Investment Group Investment Concierge & Lifestyle Services

Background Documentation Process

Review Requirement, budget, supplemental docs

Preliminary research

Interviews with officials, site visits

Follow up research as needed

Analysis & Due Diligence Report

Throughout the process, we consider legal compliance issues

Does the property fit requirement? Examine basics of the requirements Review supplemental materials, documents, etc. Create inventory of options Assess strengths of available options Collect insights from local bureaucrats, area experts, etc. Investigate preliminary or superficial differences with requirements Explore health of options outstanding issues related to tax, ownership, etc. Probe areas of concern through additional research and discussions with colleagues and other resources Look for red flags, assess the risk they pose to the project Weigh factors important to client and requirement anydeal breakers. Consider options for final presentation and write due diligence report.

One Tree Spaces: E 41, Ekta Apartments, Saket, New Delhi 110017. Tel: +91 11 26565341 Mobile: 9968593025 Email: mail@onetreespaces.com

Real Estate Investment Group Investment Concierge & Lifestyle Services

Our due diligence proposal will include:

1. Adescriptionofhowwewillspecificallyaddressthescopeofworkafter we have your RFP; 2. Fee for the project,broken down bypsf, or by professionaltime and charges depending on the requirement; 3. Thedue diligence projectschedule We look forward to your RFP.

One Tree Spaces: E 41, Ekta Apartments, Saket, New Delhi 110017. Tel: +91 11 26565341 Mobile: 9968593025 Email: mail@onetreespaces.com