AHUJA CONSTRUCTIONS

A/1, Rajpipla, Opp.ANZ Grindlays Bank, Linking Road, Santacruz (W),

Mumbai 400 054. Tel. : 60579 99 (10 lines) Fax : 0091-22-604 56 18
e-mail : topaim@vsnl.com

To,
The Honorary Secretary
Chandra Nivas,
Plot No. 730,
11th road, Khar (W),
Mumbai 400 052.

7th June, 2000.

Sub. : Redevelopment of Societys Plot by utilising TDR.

We are approaching your society with a proposal for Re-development of the
existing property of the society by utilising FSI/TDR. Brief particulars about our
Group and the proposals are furnished below:
I.

Ahuja Group : A Panorama : The business activities of Ahuja Group

Companies encompass civil construction, infrastructural projects, import /
export of dry fruits and spices, procuring, processing, polishing and
marketing Marble. The Group has recently ventured into Hi-tech
infrastructure projects.

i.

Import-Export Business : The family business of Import-Export of dry

fruits, spices etc. is being earned on since pre-partition days in Karachi,
Kandhar (Afghanistan), Tehran (Iran) and after independence in Mumbai.

ii.

Marble : The Group company imports marble blocks from Italy, Iran,
Spain South Africa, etc. and processes the same at its sawing and polishing
units at Taloja and Silvassa. There is a steady demand for companys
polished marble due to its superb quality and cost effective prices. In fact,
reputed builders book our entire consignments in advance. Polished
marble is extensively used in the residential construction projects of the
Group Companies and few others can afford to provide genuine marble
flooring of the quality and at affordable price, which our companies can
provide.

iii. Hi-Tech Infrastructure Project : Ahuja Group recently promotes Hi-Tech

Global Infrastructure Pvt. Ltd.. The Maharashtra State Road Development
Corporation has awarded the Company, contract for construction of a fly-over
on Western Express Highway near the domestic airport, Mumbai. The Project
with an estimate cost of Rs. 45 Crores is to be executed on BOLT basis. As per

AHUJA CONSTRUCTIONS
A/1, Rajpipla, Opp.ANZ Grindlays Bank, Linking Road, Santacruz (W),
Mumbai 400 054. Tel. : 60579 99 (10 lines) Fax : 0091-22-604 56 18
e-mail : topaim@vsnl.com

the proposed terms, the Company will be entitled to Lease Shopping market
of around 2 lacs sq.ft. beneath the fly-over for a period of 99 years.
Iv Civil Construction Contracts :
a. : Housing Societies Projects : The Civil construction activity of the Group
entails construction of residential complexes for the housing societies which
have been allotted plots by CIDCO and MHADA. The Company has
completed several housing societies projects in a time bound manner on sites
situated at Andheri (Four Bungalows), Marol-Andheri (East), and Nerul (Navi
Mumbai), irrespective of the state of real estate property market, price
fluctuations in the periods of boom or recession did not affect the business of
the Construction Companies of the Group, since the business is linked to fixed
price contract and no speculation is involved.
b. Re-development Projects FSI/TDR : The group has opened up another
avenue of its civil construction activity by focussing on old existing societies
situated in prestigious locations of select suburban areas of the metropolis. Redevelopment of properties of the existing societies by utilising the TDR
involves either demolishing the entire existing building/s and re-constructing
new ones or by making extensions of the existing building/s by building a new
structure over the old one without disturbing / touching the old structure.
Ahuja Groups construction companies occupy a unique position in the
highly competitive housing construction sector by ensuring high quality,
economical rates and precise time schedule for project completion. The name
Ahuja in the housing project sector is therefore synonymous with excellent
quality, honoring commitments and high levels of customer satisfaction
among the several re-development projects undertaken by the group, the
prestigious ones to name a few include at Band Stand, Perry Cross Road, S V
Road Bandra (West), St.Teressa Road (24th Road), 15th Road Khar, Santacruz
and at Chimbai Road / Kantwadi Road. The necessary legal formalities have
been completed & the re-development of the above six projects shall start
shortly. We have also received an intent letter for two more societies at Bandra
for re-development and the necessary documentation are being executed. We
also have three projects on the Eastern Express Highway on the junction
leading to Mulund Railway Station. The cumulative area of the 3 projects is
1,80,000 Sq.Ft. We have already received the IOD and CC for all the three
projects and construction thereon has already commenced. In one of the above
project, we have already casted 12 slabs within a period of Five months.

AHUJA CONSTRUCTIONS
A/1, Rajpipla, Opp.ANZ Grindlays Bank, Linking Road, Santacruz (W),
Mumbai 400 054. Tel. : 60579 99 (10 lines) Fax : 0091-22-604 56 18
e-mail : topaim@vsnl.com

For further information of our projects, please visit at our websites at

www.ahujaconstuctions.com.
V.

eCommerce Venture :- Keeping pace with the fast emerging ecommerce

arena, the Group has Developed & launched two unique Portals namely
quikbite.com (B2C food Portal) and agribuzz.com (B2B Portal) and has
received over whelming response from both the Venture Capitalist & the
public.

II.
Our Proposal :
a) Assuming that the Total area of your Plot is 1000 sq yards ( approx). Subject
to the verification to High tide line as coastal Regulation Zone norms, the
FSI/TDR available for construction on the societys Plot is about 800 sq.
yards. (i.e. 80% of the FSI of the Plot). If however 100% TDR is available
than we shall utilize the same to the fullest permissible extent. We propose to
construct additional flats on the top of the existing building by utilising the
available TDR. We shall endeavor not to disturb the existing structure of the
society. The entire cost required for acquiring the TDR, cost of development
thereof, fees of architects, consultants, BMC Costs, Charges, Expenses,
Deposits, etc. will be borne by us.
b) The load of the additional structures will be rested on transfer girders
supported by peripheral network of columns and separate foundation. The
load of the additional foundation columns will be camouflaged suitably by
giving aesthetic elevation to the building.
c) After approval of this proposal and signing agreement, a blue print showing
the elevation of the building, its facade and architectural outlines as per the
drawings of our architect and as approved by BMC will be given to society for
their perusal.
III.
Our Offer :
a. : Financial Package :
1. Payment at Rs.1,200/- ( Rupees One Thousand Two Hundred only) per sq. ft.
of the total TDR utilized by us as well as for balance FSI of the society. Payment
at the aforesaid rate will be made as per the apportionment and directions of the

AHUJA CONSTRUCTIONS
A/1, Rajpipla, Opp.ANZ Grindlays Bank, Linking Road, Santacruz (W),
Mumbai 400 054. Tel. : 60579 99 (10 lines) Fax : 0091-22-604 56 18
e-mail : topaim@vsnl.com

society, and shall be disbursed to the existing members as per the following
schedule :
i.
ii.
iii.
a.
b.
c.
d.
e.
f.
g.

Rs.5,00,000/- (Rupees Five Lacs Only ) on signing the Agreement

10 % on our physically commencing the work after obtaining
commencement certificate from BMC.
Balance amount will be in the following manner :
15% on completion of third additional slab or within 3 months of our
obtaining commencement certificate from BMC, whichever is later.
15% on completion of terrace slab or within 6 months of our obtaining the
commencement certificate from BMC, whichever is later.
15% on completion of external brickwork or within 9 months of our obtaining
commencement certificate from BMC, whichever is later.
15% on completion of external plasterwork or within 12 months of our
obtaining commencement certificate from BMC, whichever is later.
15% on completion of internal plasterwork or within 13.5 months of our
obtaining commencement certificate from BMC, whichever is later.
15% on completion of flooring and electrical work or within 15 months of our
obtaining commencement certificate from BMC, whichever is later.
Balance 10% after obtaining completion certificate from BMC or within 18
months of our obtaining completion certificate from BMC, whichever is
earlier.

B. Amenities proposed :
i.
ii.
iii.

iv.
v.

Modern Lifts as may be required by BMC.

Decorative staircase and landing on each floor.
Imported Video House Cop and imported time lapse recorder (VCR)
will be installed to monitor, check, record and verify the visitors visiting
the society building. Imported time lapse recorder shall give facility of
recording upto 960 hours (i.e.40 days) in a single normal videocassette.
While viewing the cassette it has the facility of displaying the exact date
and time when a particular event was recorded.
Stone paving with decorative landscaping in societys compound.
All external repairs to the existing building at our cost and exterior
plaster/paint of best quality.

AHUJA CONSTRUCTIONS
A/1, Rajpipla, Opp.ANZ Grindlays Bank, Linking Road, Santacruz (W),
Mumbai 400 054. Tel. : 60579 99 (10 lines) Fax : 0091-22-604 56 18
e-mail : topaim@vsnl.com

IV : Terms of Re-development :
a) All the Members occupying the ground floor flats shall be re-housed in the
first additional floor to be constructed & the ground floor flats shall be
vacated & dismantled & converted into Stilt Car parking areas. We shall retain
all the Stilt Car parking areas so created with an absolute right to sell the same
to the third party & to retain the sales consideration so received.
b) We shall sell the additional new flats so constructed on the TDR/FSI, to
various third parties on such terms and conditions as we may deem fit and
proper. Obviously the new buyers / third parties, will be from the cream of the
society and are generally expected to be compatible with the existing
members of the society. The entire sale proceeds from such sale shall be
retained by us without having any reference or recourse to the society or its
members in any manner whatsoever.
c) The entire re-development project will be completed within 18 months from
the date of physical commencement of the work. In the event of our not
completing the said work within the stipulated time then we shall be liable to
pay an agreed lumpsum, quantified damages upto Rs.25,000/- per week for all
delay beyond 18 months after physical commencement of work. If however,
any reasons are attributable to society or its members, we are unable to
commence/continue the construction, then such period shall not be taken into
consideration while computing the period of 18 months.
d) The Society shall execute necessary documents with the incoming new
members and shall grant them admission to the membership of the society.
e) All final documentation
solicitors/advocates.

shall

be

prepared

by

our

respective

f) Though the above proposal is given by Ahuja Constructions, we shall be

entitled to execute the same in any of our other firms/companies under our
management.

AHUJA CONSTRUCTIONS
A/1, Rajpipla, Opp.ANZ Grindlays Bank, Linking Road, Santacruz (W),
Mumbai 400 054. Tel. : 60579 99 (10 lines) Fax : 0091-22-604 56 18
e-mail : topaim@vsnl.com

g) Before we conclude this letter under reference, we assure you that we shall try
our level best to secure your interest and we shall leave no stone unturned to
ensure that you are benefited to the utmost.
h) The above list of facilities/amenities, as you will agree, constitutes the best of
the amenities. It is now for you to reciprocate our offer with the same warmth
and goodwill and accept our proposal for utilization of TDR.
Lastly, we take this opportunity to invite you to have a joint visit to some of our
projects to have the first hand information of our workmanship and quality.
Should you require any clarification / amendment to the above proposal, please do
not hesitate to contact the undersigned so that the proposal could be suitably
altered to suit your convenience.
Thanking you,
Yours Truly,
for Ahuja Constructions,

Partner.
Encl. : Photographs of some of our projects