Date : [], 2013

To
[Insert name and address of the Investor/Purchaser]
Dear Sir/adam,
Sub: !"tion to ac#uire a [2/3/$ %&' f(at] admeasurin) [] s#uare feet *car"et area+ a(on)
,ith a [] car "ar-in) s"ace/s in the "ro"osed "ro.ect -no,n as /[]0 situate on "ortion
of P(ot 1earin) [], um1ai $00 0[]2
1. P(ease refer to the discussions 3ou had ,ith our Sa(es Team at our office ,hen our
sa(es team "rovided to 3ou 1rief detai(s of the "ro"osed Pro.ect -no,n as /[]0 situate
on "ortions of P(ot 1earin) [], um1ai $00 0[]2 !ur sa(es team had e4"(ained to 3ou
that the "ro"osed Pro.ect is sti(( 1ein) conce"tua(i5ed and is at a "(annin) sta)e and
that ,e "ro"ose to (aunch the "ro"osed Pro.ect immediate(3 after conce"tua(i5ation
and "(annin) is com"(eted and a""roved 13 the authorities2
2. 6s 3ou ,ere e4treme(3 im"ressed ,ith the (ocation and the conce"t / "(annin) of the
"ro"osed Pro.ect, 3ou e4"ressed 3our desire and interest to have an o"tion to
"urchase a 2/3/$ %&' f(at admeasurin) a1out [] s#uare feet *car"et area+ a(on) ,ith a
[] car "ar-in) s"ace/s in the "ro"osed Pro.ect2
3. 7e, have therefore, decided to )rant 3ou an o"tion to ac#uire a 2/3/$ %&' f(at 1earin)
flat no. [] admeasurin) [] s#uare feet *car"et area+ a(on) ,ith a [] car "ar-in)
s"ace/s in the "ro"osed Pro.ect on the []
th
(iva1(e f(oor and facin) [] su1.ect to the
fina( desi)n *co((ective(3 ca((ed the /Premises0+ for a tota( sa(e consideration of Rs. []/-
(Rupees []only)2 The actua( identification of the Premises sha(( de"end u"on the
"(ans of the "ro"osed Pro.ect 1ein) fina(i5ed *,hich are sti(( under "(annin) sta)e+ and
a""roved 13 the concerned authorities2 6s the o"tion has 1een )ranted to 3ou ,ith
res"ect to the Premises, ,e sha(( not dea( ,ith the same and the same sha(( 1e
reserved for 3ou unti( the o"tion is either e4ercised or (a"sed in accordance ,ith this
(etter2
4. 6s 3ou have evinced interest to have an o"tion to ac#uire the Premises in the
"ro"osed Pro.ect, ,e )rant 3ou an o"tion to ac#uire the same u"on "art "a3ment of
the sa(e consideration amount 1ein) an amount e#uiva(ent to Rs. []/- (Rupees []
only) */Option Amount0+, ,hich ,e have received vide 3our Cheque No. [] dated []
dra,n on [] an! "t#$ [] ran%h, su1.ect to rea(i5ation of the said che#ue2
5. 8"on the "(ans for the "ro"osed Pro.ect 1ein) a""roved and sanctioned 13 the
concerned authorities, ,e sha(( intimate 3ou a1out the same2 Thereafter, ,ithin a
"eriod of [] da3s from the date of recei"t of such intimation from us, 3ou sha(( 1e
entit(ed to e4ercise the o"tion to ac#uire the Premises2
9ou understand that if for an3 reasons ,hatsoever, inc(udin) non:sanction of the
1ui(din) "(ans, ,e are not in a "osition to commence construction of the Pro.ect, ,ithin
a "eriod of [;] months from the date of this (etter, ,e sha(( on e4"ir3 of such "eriod and
,ithin <0 da3s from the recei"t of demand made in ,ritin) 13 3ou, refund the amount/s
received 13 3ou ,ith sim"(e interest of => "er annum ca(cu(ated for the "eriod such
amount/s have 1een received 13 us2 8"on recei"t of such demand, the )rant of o"tion
to "urchase the Premises sha(( automatica((3 stand cance((ed / terminated2 9ou
understand that ,e sha(( have no other (ia1i(it3 of an3 other -ind e4ce"t the refund of
this amount2
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6. 8"on 3our e4ercisin) the o"tion and informin) us a1out the same in ,ritin), 3ou sha((
1e re#uired to "a3 to us the 1a(ance sa(e consideration amount in the fo((o,in)
manner:
(a) [] > of the sa(e consideration i2e2 ?s2 []/: *?u"ees[] on(3+ to 1e "aid either 13
3ou or 13 ,a3 of dis1ursement 13 %an- on 3our 1eha(f, simu(taneous(3 u"on 3ou
e4ercin) the o"tion to ac#uire the Premises@ and
(b) [] > of the sa(e consideration i2e2 ?s2 []/: *?u"ees[] on(3+ to 1e "aid 13 3ou *13
,a3 of dis1ursement 13 %an- + as "er the "ro)ress of ,or- of the Pro.ect as ma3
1e set out in the 6)reement for Sa(e to 1e e4ecuted 1et,een us2
The !"tion 6mount a(read3 "aid under this (etter a(on) ,ith the 1a(ance consideration
as mentioned hereina1ove sha(( constitute the tota( sa(e consideration for the
Premises2 It is c(arified that the sa(e consideration has 1een ,or-ed out on the 1asis of
the f(at havin) car"et area of [] s#uare feet2 In the event that the area of the f(at
chan)es, the sa(e consideration sha(( chan)e accordin)(32
7. 9ou are a,are that the area / (a3out / f(oor "(an / e(evation / amenities of the "ro"osed
Pro.ect are sti(( under "re"aration and are su1.ect to fina( a""rova( of the concerned
authorities2 8"on the desi)ns and "(ans 1ein) fina(i5ed and a""roved 13 the concerned
authorities, the area / (a3out / f(oor "(an / e(evation / amenities re(atin) to the Premises
ma3 )et a(tered 1e3ond ,hat is "resent(3 conceived2 9ou are a,are and ac-no,(ed)e
that 13 reason of the desi)ns and "(ans for the "ro"osed Pro.ect sti(( 1ein) under
"re"aration, the same ma3 chan)e and corres"ondin)(3, the area of the f(at ma3 a(so
chan)e2 In the event that the area of the f(at chan)es, the consideration in res"ect of
the same sha(( a(so chan)e accordin)(32 It is further c(arified that in the event the area
of the f(at chan)es 1e3ond 10> of the car"et area that is "resent(3 conceived, then 3ou
sha(( 1e entit(ed to terminate this o"tion and see- refund of the amount/s "aid to us
under this (etter2
8. 7e "ro"ose to com"(ete the construction of the "ro"osed Pro.ect ,ithin a "eriod of []
months from the recei"t of a(( re#uisite a""rova(s su1.ect to avai(a1i(it3 of ra, materia(,
(a1our, force ma.eure conditions and events 1e3ond our contro(2
9. It is c(arified that the sa(e consideration is e4c(usive of an3 A6T, Service Ta4, 7or-
Bontract Ta4, Coods D Service Ta4 *CST+ or an3 other ta4es that ma3 1e "a3a1(e
re(ated to the construction on the said "ro"ert3 and in res"ect of sa(e / "urchase of the
Premises and is a(so e4c(usive of stam" dut3 and re)istration char)es and the same
sha(( 1e 1orne and "aid 13 3ou as and ,hen the same fa(( due2 In addition to the same,
the other de"osits, share a""(ication monies, advance maintenance char)es and other
e4"enses, c(u1 house char)es, deve(o"ment char)es, administrative e4"enses, etc2
that are char)ea1(e to the other f(at "urchasers in the "ro"osed Pro.ect sha(( a(so 1e
se"arate(3 char)ed to 3ou, u"on 3our decision to e4ercise the o"tion to ac#uire the
Premises2
10. Time for "a3ment sha(( 1e the essence2 In the event of 3our fai(ure to ma-e "a3ment of
the 1a(ance consideration or interest amount thereof on the res"ective due dates in
terms of this (etter / 6)reement for Sa(e, as the case ma3 1e, 3ou ,i(( )et an e4tension
of 30 da3s from the date of recei"t of such (etter from our end to ma-e such due
"a3ment, fai(in) ,hich, ,e sha(( 1e entit(ed to terminate this (etter / 6)reement for Sa(e
as the case ma3 1e and an amount e#uiva(ent to [] > of sa(e consideration, that is,
?s2[] *?u"ees [] on(3+ sha(( stand forfeited and the 1a(ance sa(e consideration *after
deduction if an3+ sha(( 1e refunded to 3ou2 8"on termination of this (etter/ the
6)reement for Sa(e, as the case ma3 1e, ,e sha(( 1e at (i1ert3 to re:a((ot / dea( ,ith the
Premises in such manner as ,e ma3 deem fit ,ithout an3 recourse or reference to 3ou
,hatsoever2 9ou further a)ree and confirm that u"on such termination of this (etter /
6)reement for Sa(e *as the case ma3 1e+, the same sha(( 1e deemed to 1e cance((ed /
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terminated2 Eot,ithstandin) an3thin) contained herein and ,ithout "re.udice to a((
other ri)hts and remedies avai(a1(e in (a,, a(( overdue "a3ments sha(( 1ear interest at
the rate of [] > "er annum2
11. Eot,ithstandin) an3thin) contained in this (etter, u"on the o"tion )ranted under this
(etter (a"sin), ,e sha(( 1e entit(ed to a((ot / dea( ,ith / dis"ose of the Premises in such
manner as ,e ma3 deem fit ,ithout an3 recourse or reference to 3ou ,hatsoever2
12. Furthermore u"on 3our e4ercisin) the o"tion to ac#uire the Premises and u"on
"a3ment and rea(isation of the "art sa(e consideration in terms of "oint G *a+
hereina1ove, ,e sha(( enter into an 6)reement for Sa(e or such other document/s
*su1.ect to the "rovisions of the aharashtra !,nershi" of F(ats *?e)u(ation of the
Promotion of Bonstruction, Sa(e, ana)ement and Transfer+ 6ct, 1=<3 or the
aharashtra 6"artment !,nershi" 6ct, 1=G0 and the ru(es made thereunder+ that ma3
1e re#uired for recordin) the same2 The 6)reement for Sa(e or other document/s as
ma3 1e re#uired sha(( 1e drafted 13 our 6dvocates D So(icitors and sha(( 1e in (ine ,ith
or simi(ar to ,hat ,e ma3 1e e4ecutin) ,ith the other f(at "urchasers of the "ro"osed
Pro.ect2
13. 7e sha(( 1e entit(ed to carr3 out amendments, variations and modifications in the "(ans
and amenities disc(osed to 3ou even after the o"tion is e4ercised and the "(ans are
a""roved ,ithout in an3 manner causin) "re.udice to the Premises *su1.ect to a
variation of 10> of the area of the f(at+ and in res"ect of ,hich 3ou sha(( 1e deemed to
have )iven 3our ,ritten consent and 3ou sha(( not ,ithdra, or cance( the said consent
at an3 time hereafter in an3 manner ,hatsoever2
14. P(ease note that in res"ect of an3 amount remainin) un"aid under this (etter or the
6)reement for Sa(e, to 1e e4ecuted 1et,een us in "ursuance thereof, ,e sha(( have
the first (ien and char)e on the Premises2 9ou have confirmed that irres"ective of an3
dis"utes ,hich ma3 arise 1et,een us, 3ou sha(( "unctua((3 "a3 a(( amounts,
contri1utions, de"osits and consideration amount "a3a1(e hereunder and sha(( not
,ithho(d them for an3 reason ,hatsoever2
15. 6(( (etters, circu(ars, recei"ts and /or notices to 1e served on 3ou as contem"(ated 13
this "resent sha(( 1e deemed to have 1een du(3 served if sent to 3ou 13 ?e)istered
Post 6D / under certificate of "ostin) at 3our address -no,n to us ,hich ,i(( 1e
sufficient "roof of recei"t of the same 13 3ou and sha(( com"(ete(3 and effective(3
dischar)e us of our entire o1(i)ation2 For this "ur"ose 3ou have )iven the com"(ete
address s"ecified 1e(o,:
[]
16. 9ou sha(( not 1e entit(ed to se((, transfer, assi)n, a((ot or in an3 manner dea( ,ith the
Premises or an3 "art thereof, or this (etter / the 6)reement for Sa(e, or the 1enefits of
this (etter / 6)reement for Sa(e for a "eriod of 2 *T,o+ 3ears from the date the "(ans for
the "ro"osed Pro.ect 1ein) a""roved 13 the concerned authoirties ,hich sha(( 1e
treated as a Hoc-:in:"eriod2 !n com"(etion of the said Hoc-:in:"eriod, 3ou ,i(( 1e
entit(ed to se((, transfer, nominate and assi)n the 1enefits arisin) hereunder to an3
"erson, "rovided 3ou have not committed defau(t of an3 of the terms and conditions of
this Hetter of 6((otment / the 6)reement for Sa(e as the case ma3 1e2 In the event that
3ou decide to se((, transfer or assi)n 3our ri)hts under this (etter / 6)reement for Sa(e
as the case ma3 1e, 3ou sha(( 1e entit(ed to do so, "rovided the same is done throu)h
us *,ith a vie, to maintain "rice "arit3 for the "ro"osed Pro.ect+2 In such a scenario,
,e sha(( assist 3ou in assi)nin) 3our ri)hts under this (etter in res"ect of the Premises
and 3ou a)ree and ac-no,(ed)e to "a3 us faci(itation char)es at the rate of ?s2[;]/:
*?u"ees [;] on(3+ "er s#uare feet of car"et area, ,hich sha(( 1e e4c(usive of service ta42
Such transferee / assi)nee sha(( 1e entit(ed to a(( ri)hts under this (etter or the
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6)reement for Sa(e as ma3 1e e4ecuted2 9ou a)ree and confirm that such transfer ,i((
1e at "ar ,ith our "revai(in) sa(e "rice for other units in the Pro.ect at the time of such
transfer2
17. The "ossession of the said Premises sha(( 1e de(ivered to 3ou after the said Premises
is read3 for fit:outs "rovided that 3ou are not in 1reach of an3 of the terms and
conditions of this (etter / 6)reement for Sa(e and a(( the amounts due and "a3a1(e 13
3ou under this (etter / 6)reement for Sa(e and the stam" dut3 and re)istration char)es
in res"ect of the 6)reement for Sa(e inc(udin) an3 stam" dut3 and re)istration char)es
"a3a1(e on this (etter are du(3 "aid2 7e sha(( endeavour to )ive "ossession of the said
f(at to 3ou for fit:outs on or 1efore [] months from the recei"t of a(( a""rova(s from the
concerned authorities in res"ect of the "ro"osed Pro.ect su1.ect to avai(a1i(it3 of ra,
materia(, (a1our, force ma.eure conditions and events 1e3ond our contro( and a further
)race "eriod of < months2
18. It is e4"ress(3 a)reed that 3our ri)ht under this (etter is on(3 restricted to the
f(at/Premises a)reed to 1e a((otted to 3ou2 6(( other 1enefits inc(udin) our ri)ht to use,
uti(i5e, consume and e4"(oit 1a(ance FSI in res"ect of the under(3in) (and *on ,hich the
"ro"osed Pro.ect is 1ein) constructed+ as ma3 1e "ermitted in the future as a(so TD?
sha(( e4c(usive(3 1e(on) to us ti(( the under(3in) "ro"ert3 is conve3ed in favour of the
societ3, condominium, (imited com"an3, etc2 and no f(at o,ner / occu"ier inc(udin)
3ourse(f sha(( have an3 ri)ht in res"ect thereof2
19. The association / or)ani5ation of the f(at "urchasers / unit ho(ders inc(udin) "rivate
(imited com"an3 or co:o"erative housin) societ3 or condominium, etc2 sha(( 1e formed
13 a(( the occu"iers / "urchasers of the f(ats / units in the "ro"osed Pro.ect as ,e ma3
direct and 3ou ,i(( 1ecome shareho(der / mem1er thereof and a1ide 13 a(( ru(es,
re)u(ations and 13e:(a,s thereof2
20. !n our offerin) "ossession of the Premises for fit:outs, 3ou ,i(( 1e (ia1(e to "a3, 1ear
and dischar)e a(( out)oin) ta4es, maintenance char)es, e(ectricit3 char)es etc2 as ma3
1e determined 13 us and sha(( 1e "a3a1(e 13 3ou re)u(ar(32
21. The societ3 formation char)es, (e)a( cost etc2 in res"ect of the Premises and the
1ui(din) and de"osits of ,ater su""(3 and e(ectricit3 su""(3, etc2 sha(( have to 1e 1orne
13 3ou, immediate(3 on our demandin) the same2
22. The stam" dut3 and the re)istration char)es of and incidenta( to the 6)reement for
Sa(e and/or "a3a1(e on this (etter sha(( 1e 1orne and "aid 13 3ou2 9ou sha(( at 3our o,n
cost and e4"enses, (od)e the 6)reement for Sa(e or an3 other transfer document
1efore the concerned Su1:?e)istrar of 6ssurances ,ithin the time "rescri1ed 13 the
?e)istration 6ct, 1=0I and after due notice on this re)ard ,e sha(( attend such office
and admit the e4ecution thereof2
23. 9ou are re#uested to -ee" this ,ritin) / the contents thereof in confidence and not to
disc(ose the same to an3 third "art3 and 3ou sha(( neither use, nor re"roduce for use in
an3 manner ,hatsoever this ,ritin) / the contents thereof2 In the event of an3 vio(ation
of this term, 3ou sha(( 1e entit(ed to treat this ,ritin) as ,ithdra,n and cance((ed2
24. 'ind(3 acce"t the terms of this (etter 13 endorsin) 3our acce"tance on the du"(icate
hereof du(3 confirmed2
9ours tru(3,
For JJJJJJJJJJJJJ DKAKH!PK?S P?IA6TK HIITKD
Director
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I 6BBKPT D B!EFI? T&K 6%!AK TK?S 6ED B!EDITI!ES
r2/s2 []
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