Common use of Tower No Clause in Contracts

Tower No. Unit no.… Type……… Floor…….. Rate of Unit per square feet* Total Price(in Rupees) ------------------ * Provide break-up of the amounts such as cost of Unit, proportionate cost of common areas, preferential location charges, cost of exclusive balcony or verandah areas, cost of exclusive open terrace areas, taxes, maintenance charges, as per TermsNo.11etc.,if/as applicable. and(if/as applicable) Garage/coveredparking-1 Pricefor1(inRs.) Garage/coveredparking-2 Pricefor2(inRs.) Total price(in Rupees) ------------------ (i) The Total Price above includes the booking amounts of Rs (Rupees… ) paid by the allottee to the Promoter towards the Unit as mentioned in Para 'W'. (ii) The Total Price above includes Taxes (consisting of tax paid or payable by the Promoter by way of Value Added Tax, Service Tax and Cess or any other similar taxes which may be levied, in connection with the construction of the Project payable by the Promoter, by whatever name called) upto the date of the handing over the possession of the Unit to the allottee and the Project to the Maintenance Society or the competent authority, as the case may be, after obtaining the completion certificate: Provided that in case there is any change/modification in the taxes, the subsequent amount payable by the Allottee(s) to the Promoter shall be increased/reduced based on such change/ modification: Provided further that if there is any increase in the taxes after the expiry of the schedule Date of completion of the Project as per registration with the Authority, which shall include the extension of registration, if any, granted to the said Project by the Authority, as per the Act, the same shall not be charged from the Allottee; (iii) The Promoter shall periodically intimate to the Allottee(s), the amount payable as stated in (i) above and the Allottee(s) shall make payment demanded by the Promoter within the time and in the manner specified therein. In addition, the Promoter shall provide to the Allottee(s) the details of the taxes paid or demanded along with the Acts/rules/notifications together with dates from which such taxes/levies etc. have been imposed or become effective; (iv) The Total Price of Unit includes price of land, construction of, not only the Unit but also, the common areas, internal development charges, external development charges, taxes, cost of providing electric wiring, electrical connectivity to the Unit, lift, water line and plumbing, finishing with paint, marbles, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Terms No.11 etc. and includes cost for providing all other facilities, amenities and specification to be provided within the Unit and the Project. 1.3. The Total Price is escalation free, save and except increases which the Allottee(s) hereby agrees to pay, due to increase on account of development charges payable to the competent authority and/or any other increase in charges which may be levied or imposed by the competent authority, from time to time. The Promoter undertakes and agrees that while raising a demand on the Allottee(s) for increase in development charges, cost/charges imposed by the competent authorities, the Promoter shall enclose the said notification/ order/ rules/ regulations to that effect along with the demand letter being issued to the Allottee(s), which shall only be applicable on subsequent payments Provided that if there is any new imposition or increase of any development charges after the expiry of the scheduled date of completion of the project as per registration with the Authority, which shall include the extension of registration, if any, granted to the said project by the Authority, as per the Act, the same shall not be charged from the Allottee. 1.4. As mentioned in para 'V' above, the Promoter has already received an advance/ booking amount from the Allottee(s) a sum of Rs. ……/- (Rupees ……………. only) (not being more than 10% of the total cost of the Unit as provided in sub- section (1) of section 13) out of the total price of Rs…………….. and the Allottees(s) agrees and undertakes to pay the balance amount of Rs.……………….. of the total price strictly in accordance with the payment plan given below :- Stage of Percentage of Installme Period within development the Total Price nt which the works & as calculated Amount installment completion of under in Rs. Amount is to the Unit (with Term & be paid by the

Tower No. Unit no.… Type……… Floor…….. Rate of Unit per square feet* Total Price(in Rupees) ------------------ * Provide break-up of the amounts such as cost of Unit, proportionate cost of common areas, preferential location charges, cost of exclusive balcony or verandah areas, cost of exclusive open terrace areas, taxes, maintenance charges, as per TermsNo.11etc.,if/as applicableApartment No. and(if/as applicable) Garage/coveredparking-1 Pricefor1(inRsCarpet Area (sq.ft.) GarageRate/coveredparking-2 Pricefor2(inRssq.ft. on Carpet Area (Rs.) Total price(in Rupees) ------------------Price (Rs.) (i) The Total Price above includes the booking amounts of Rs (Rupees… ) amount paid by the allottee Assignee to the Promoter Assignor towards the Unit as mentioned in Para 'W'.said Apartment; (ii) The Total Price above includes Taxes (consisting of tax paid or payable by the Promoter Assignor by way of Value Added Tax, Service Tax Tax, GST, CGST, if any as per law, and Cess or any other similar taxes which may be levied, in connection with the construction of the Phase II Project payable by the Promoter, by whatever name calledAssignor) upto up to the date of the handing over the possession of the Unit to the allottee and the Project to the Maintenance Society or the competent authority, as the case may be, after obtaining the completion certificatesaid Apartment: Provided that in case there is any change/change / modification in the taxes, the subsequent amount payable by the Allottee(s) Assignee to the Promoter Assignor shall be increased/reduced based on such change/ change / modification: Provided further that if there is any increase in the taxes after the expiry of the schedule Date of completion of the Project as per registration with the Authority, which shall include the extension of registration, if any, granted to the said Project by the Authority, as per the Act, the same shall not be charged from the Allottee; (iii) The Promoter Assignor shall periodically intimate to the Allottee(s)Assignee, the amount payable as stated in sub clause (i) above and the Allottee(s) Assignee shall make payment demanded by within 30 (thirty) days from the Promoter within the time and in the manner specified thereindate of such written intimation. In addition, the Promoter Assignor shall provide to the Allottee(s) Assignee the details of the taxes paid or demanded along with the Actsacts/rules/notifications together with dates from which such taxes/levies etc. have been imposed or become effective; (iv) The Total Price of Unit the said Apartment includes price of land, construction of, not only the Unit but also, the common areas, internal development charges, external development charges, taxes, cost of providing electric wiring, electrical connectivity to the Unit, lift, water line and plumbing, finishing with paint, marbles, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Terms No.11 etc. and includes cost for providing all other facilities, amenities and specification to be provided within the Unit Pro Rata Share and the Project.right to use the Urbana Common Portions and the Tower Common Portions; 1.3. (v) The Total Price is escalation escalation-free, save and except increases which the Allottee(s) Assignee hereby agrees to pay, due to increase on account of development charges payable to the competent authority and/or any other increase in charges which may be levied or imposed by the competent authority, authority from time to time. The Promoter undertakes and agrees that while raising a demand on the Allottee(s) for increase in development charges, cost/charges imposed by the competent authorities, the Promoter shall enclose the said notification/ order/ rules/ regulations to that effect along with the demand letter being issued to the Allottee(s), which shall only be applicable on subsequent payments Provided that if there is any new imposition or increase of any development charges after the expiry of the scheduled date of completion of the project as per registration with the Authority, which shall include the extension of registration, if any, granted to the said project by the Authority, as per the Act, the same shall not be charged from the Allottee. 1.4. As mentioned in para 'V' above, the Promoter has already received an advance/ booking amount from the Allottee(s) a sum of Rs. ……/- (Rupees ……………. only) (not being more than 10% of the total cost of the Unit as provided in sub- section (1) of section 13) out of the total price of Rs…………….. and the Allottees(s) agrees and undertakes to pay the balance amount of Rs.……………….. of the total price strictly in accordance with the payment plan given below :- Stage of Percentage of Installme Period within development the Total Price nt which the works & as calculated Amount installment completion of under in Rs. Amount is to the Unit (with Term & be paid by the