I/We understand and agree to the following:
- Arvind SmartSpaces Limited (“Developer”) is developing a project named Arvind Everland (“Project”), situated at Village Mankol, Taluka Sanand, District – Ahmedabad. The project comprises of residential units with common areas and facilities and such other development as may be permitted on the layout land, in phase wise/ segment wise manner.
- This Request for Preferential Allotment (RPA) is non-binding and does not constitute a booking or an offer for sale. It merely records the Applicant's preference for allotment of a plot/unit, which the Developer may accept or reject at its sole discretion without assigning any reason. The Applicant's preference for specific size, shape or location of plot/ unit is subject to availability and feasibility of the same. Upon confirmation/ issuance of plot/ unit, the same cannot be changed/ altered by the Applicant.
- In case the RPA is rejected by the Developer, the monies paid under this RPA shall be refunded (without interest or penalty) within 60 days from the date of rejection. In case the Developer is unable to allot the preferred Plot type/size/ location due to feasibility or availability, the amount paid shall be refunded without interest or penalty within 60 days from the issuance date (as may be communicated by the Developer). In case the Applicant makes an application for cancellation or withdrawal of this RPA before the allotment of plot/ unit, the Developer shall refund the full amount paid under the RPA (without any interest or penalty). In the above circumstances, there shall be no further liability on either party.
- The Developer may, at its discretion, deduct 10% of the unit value in case of cancellation by the Applicant after allotment of plot/ unit.
- If, after receipt of a minimum of 20% of the plot/ unit value, the Developer is unable to complete the transaction with respect to the allotted plot/ unit, and subject to the fulfilment of all obligations by the Applicant, the amount received under this RPA will be refunded with simple interest @ 8% per annum without further penalties, damages and liability.
- Lock-in period shall be 24 months from the date of allotment and/ or payment of 10% of the consideration value of the plot/ unit, whichever is later.
- The validity of this RPA is 60 days from the date of submission. Extensions, if any, shall be at the sole discretion of the Developer.
- The land acquisition, conversion, and authority approvals are in process which are expected to be received in due course. The Applicant acknowledges that final layout, infrastructure and plot size may vary as per sanctioning authority approvals.
- All PLC (Preferential Location Charges) and club charges are payable in addition to basic sale price (BSP).
- As per the extant regulations (which may change as per Govt regulation) the GST on the following shall be as under:
Land Value GST Nil Basic Infrastructure development charges GST Nil Special amenities/ recreational area development charges GST@18% Club development charges GST@18% Maintenance advance GST shall be applicable at the rates prevailing at the time of raising the invoice - The actual plot area shall be 34% less than the Charged/ Super Built-Up (SBU) Area, accounting for boundary walls.
- Plots will be handed over on “as-is, where-is” basis, with no soil filling or levelling of the plots/ units.
- The boundaries of the plots/ units will have marking stones to define the plot/ unit boundaries.
- The Master Layout Plan (MLP) is indicative only and subject to authority approvals. Road widths are measured wall-to-wall and include any footpaths, landscaping, planters or common infrastructure developed on either side.
- All common amenities, utilities, and infrastructure developed within the Project, including any future addition in the Project, common plots, STP, transformer, water distribution and any other common infrastructure shall be shared between all residence of the Project on pro-rata (on the basis of total land holding) and reciprocal basis and residents shall bear proportional (on the basis of total land holding) maintenance and operating expenses of such common amenities through an apex body/ society. The Developer shall have the right to expand the area under development and under such circumstances the access roads connecting the Project shall be treated as common infrastructure and shall be accessible on reciprocal and perpetual basis.
- All marketing/ advertising/ publicity materials, visuals, and brochures are conceptual and intended only for representational purposes. The final development will be based on approvals from competent authorities and may vary from shown plans. Any such material released by the Developer/ Affiliates does not provide any warranty and may not provide complete details/ disclosures as may be required, and the Applicant is not relying on the same for his/ her decision to apply/book/ purchase the plot/ unit. The Applicant hereby confirms that the decision to apply/book/ purchase the plot/ unit is out of his/ her/ their own free will after careful consideration to the details of plot/ unit, nature and scope of the entire Project, terms, conditions and disclosures contained under this RPA.
- The RPA is non-transferable, and no third-party assignment of rights under this request shall be allowed.
- The submission and acceptance of this RPA does not confer on the Applicant any right, title, interest or entitlement of any kind whatsoever on the plot/unit and is subject to compliance and performance of all terms, conditions, obligations of payment and other requisites as will be mentioned in the booking form, agreement for sale and/ or any other document that may be executed from time to time, as and when called upon by the Developer.
- This RPA does not bind the Developer to allot a particular plot/unit and shall be subject to formal documentation, including the booking form and agreement to sell. The Applicant hereby agrees and undertakes to sign all documents, included but not limited to booking form, agreement to sell and such other applicable document, in case booking is confirmed. The purchase of the plot/ unit shall be governed by the terms and conditions of the booking form, agreement to sell and such other applicable document. In case of discrepancies between terms of this RPA and the booking form or agreement to sale, the terms of the last document executed shall prevail over this RPA.
- The Applicant agrees to maintain confidentiality of any shared project information and not publish or disclose it on public or social platforms.
- All the information provided by the Applicant is true, correct and accurate and the Applicant undertakes to inform the Developer/ its affiliates promptly in case of any change in the information and/ or particulars furnished. All communications to the Developer shall be made at the following email address: [email protected]
- All disputes arising out of or in connection with this RPA shall be subject to the exclusive jurisdiction of courts in Ahmedabad.
