Buy Back Option:

The Buy Back Option clause shall be applicable to the properties booked in the
said scheme and shall not be applicable to other bookings. In the scheme of Buy
Back, the Developer will purchase (buy back) the property from the Customer with
the rate of appreciation as mentioned below and subject to other terms and
conditions as mentioned in the present clause. The other clauses of the Builder
Buyer agreement which are either contrary to the present clause or not applicable
in view of the Buy Back scheme shall not be binding on the allottee or Developer
and shall only apply in case the Buy Back Option is not acted upon by the allottee
or on account of such other reason owing to which the Buy Back Option becomes
redundant.

The assured appreciation under the Buy Back Option shall be as per the following
rates:

a. 26% appreciation on the amount paid in case of Buy Back after 2 years
b. 42% appreciation on the amount paid in case of Buy Back after 3 years
c. 60% appreciation on the amount paid in case of Buy Back after 4 years

(the time period of 2 years/ 3 years/ 4 years is hereinafter referred to as ‘Tenure’)

The Buy Back Option shall, however, be subject to following conditions:

i. The Buy Back Option is valid under the Down Payment (DP) plan and the
payment to be done by self-funding (No Bank Loan) only wherein the entire
Down Payment is made by the allottee with 30 days of the booking.

ii. The time period for calculating the tenure of Buy Back shall commence
from the date of receipt of the full payment from the allottee.

iii. In case the allottee takes the possession, the Buy Back Option shall not be
available to the allottee.

iv. That the allottee shall be required to inform the tenure under the Buy Back
scheme, (i.e. 2 years, 3 years or 4 years) at the time of booking and shall inform the
Developer atleast 4 months before the expiry of the said tenure that he intends to
avail the ‘Buy Back Option’. Upon receipt of such request, the Developer shall
initiate the process of under the Buy Back scheme. Upon maturity of the tenure,
the Developer shall remit the amount applicable under the Buy Back Option to the
allottee within 60 days from the date of maturity (of the period under the Buy Back
Option). In case the allottee fails to inform the management of the Developer
within the stipulated time, the Developer shall have the right to reject the Buy
BackOption and the allottee shall be required to take the possession and continue
with the booking and the Buy Back Option shall no more be applicable to allottee
and the general terms of the Builder Buyer Agreement shall accordingly apply.

v. That in case the allottee intends to lease the allotted unit, it has to obtain a
‘No Objection Certificate’ from the Developer, without which he will not have the
right to lease the property. All leasing rights will remain with Developer.

*** No bank funding is available in the Buy Back scheme

*** Buy back benefits shall be calculated on the received amount (without taxes)
and same shall be subject TDS deductions.