appl form wtc noida form unfurnished 44.5.pdf

APPLICATION FORM FOR UNFURNISHED SPACE

Dear Sir(s),

I/We, the undersigned, request you to book for allotment to me/us on leasehold basis, space (particulars of which are given herein-below) in Information Technology Park named as World Trade Centre Noida, a portion of which is being constructed & developed by you at Plot No. TZ-13A, Sector Tech Zone, Greater Noida Industrial Development Area, District Gautam Buddh Nagar (Uttar Pradesh)

WTC Noida Development Company Pvt. Ltd.

5-D, Plaza M-6,

District Centre Jasola, New Delhi 110 025

Subject: Request for booking of Unfurnished space in a project named

WORLD TRADE CENTRE NOIDA.

Self attested

photograph of Second

Applicant

(if applicable)

Self attested

photograph of

Sole/First Applicant

My/Our particulars are given below:

Corporate & Sales Office: 5D, Plaza M6, District Centre, Jasola, New Delhi - 110 025, T: (+91) 11 4051 5600, (+91) 11 4071 4000, Fax: (+91) 11 4051 5601, E: [email protected], W: www.wtcnoida.org

SOLE/FIRST APPLICANT (Compulsory to fill all the details along with passport size photograph)

Name _____________________________________________________________________________________________________________

S/W/D of __________________________________________________________________________________________________________(in case of company, mention name and designation of authorized signatory)

Date of Birth ____________________________________________________Nationality ____________________________________________(in case of company, mention date of incorporation)

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Signature of applicant(s)_______________________________

Correspondence Address ______________________________________________________________________________________________

_________________________________________________________________________________Pin ___________________________

Contact No.: Office________________________________Residence_________________________Mobile ______________________________

Fax ____________________________________________Email ______________________________________________________________

Permanent Address __________________________________________________________________________________________________

_________________________________________________________________________________Pin ___________________________

Phone No. _______________________________________STD/ISD Code ________________________________________________________

PAN________________________________Ward/Circle/Range (where assessed) ___________________________________________________

Residential Status: Resident Non-Resident Indian Foreign National of Indian Origin Others (Please Specify) ___________________

Organisation Name & Address ___________________________________________________________________________________________

_________________________________________________________________________________Pin ______________________________

Designation________________________________Contact No _________________________Fax ____________________________________

Occupation: Service Self Employed Professional Business Retired Housewife Any Other _____________________________

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Corporate & Sales Office: 5D, Plaza M6, District Centre, Jasola, New Delhi - 110 025, T: (+91) 11 4051 5600, (+91) 11 4071 4000, Fax: (+91) 11 4051 5601, E: [email protected], W: www.wtcnoida.org

SECOND APPLICANT (If any, compulsory to fill all the details along with passport size photograph)

Name _____________________________________________________________________________________________________________

S/W/D of __________________________________________________________________________________________________________(in case of company, mention name and designation of authorized signatory)

Date of Birth ____________________________________________________Nationality ____________________________________________(in case of company, mention date of incorporation)

PARTICULARS OF SPACE / BOOKING

1. Payment plan opted (tick any one of the following): Please read the attached payment plan for details.

100% Down Payment Plan with 12% p.a. Assured Return 50% - 25%-25% Flexi Plan with 11% p.a. Assured Return 25% Down Payment Plan with 10% p.a. Assured Return (Meri Investment Meri Marzi Plan)Flexibility in Choice: The Applicant can opt for any of the above plan at the time of application and he shall have the option of shifting to another plan within 60 days of the application or before execution of Agreement, whichever is earlier. This option can be exercised only once and thereafter the plan opted shall be binding on the Applicant and installments shall be payable in accordance with the payment plan so opted.

2. Size: ___________________________ Square Feet in Super Area

3. Particulars: Unfurnished

4. Consideration

Basic Price / Premium: ` ___________________/- (Rupees _______________________________________ Only) Per Square Feet of Super Area.

Preferential Location Charges (PLC) : ` ____________/- (Rupees _____________________________________ Only) Per Square Feet of Super Area.

5. Car Parking : ________________________________ Open / Covered __________________________________________________________

6. Booking amount: ` ___________________/- (Rupees ________________________________________________________________ Only) vide

cheque/draft/pay order bearing No. ___________________________________ dated __________________ drawn on ___________________ ________________________________issued in favour of WTC Noida payable at New Delhi.

If paid by any other mode, please specify: __________________________________________________________________________________

I/We have read & understood your payment plans & attached terms & conditions and undertake to be bound by the same. I/We declare that the particulars given hereinabove are true and correct.

Signature of applicant(s)_______________________________*1sq. ft. = 0.093 sq. mtr.

Correspondence Address ______________________________________________________________________________________________

_________________________________________________________________________________Pin ___________________________

Contact No.: Office________________________________Residence_________________________Mobile ______________________________

Fax ____________________________________________Email ______________________________________________________________

Permanent Address __________________________________________________________________________________________________

_________________________________________________________________________________Pin ___________________________

Phone No. _______________________________________STD/ISD Code ________________________________________________________

PAN_____________________________Ward/Circle/Range (where assessed) ______________________________________________________

Residential Status: Resident Non-Resident Indian Foreign National of Indian Origin Others (Please Specify) ___________________

Organisation Name & Address ___________________________________________________________________________________________

_________________________________________________________________________________Pin ______________________________

Designation________________________________Contact No _________________________Fax ____________________________________

Occupation: Service Self Employed Professional Business Retired Housewife Any Other ____________________________

I/We enclose herewith, copies of following documents for your records and reference

(i) Proof of residence: Ration cards/Voters identity cards/Passport/Driving License

(ii) PAN Card(s)

(Addi t ional documents in case of ar t i f ic ia l persons l ike Company/ Society / Fi rm / any ent i ty )

(i) Memorandum and Articles of Association

(ii) Resolution in favour of signatory passed by Board/Governing body (in original)

(Addi t ional documents in cases of partnership f i rms)

(i) Partnership deed

(ii) Letter of authority signed by all partners in favour of signatory

(Addi t ional documents in cases of Foreign Nat ionals, P IO & NRIs)

(i) Passport & document regarding payment through NRE/NRO account.

I/We understand that this application shall be treated as complete only when this application form is duly filed and signed by applicant(s) and is supported

by all the necessary documents mentioned above. I/We understand that unsigned or incomplete application can be rejected by the Developer at its sole

discretion. I understand that if the particulars submitted by me/ourselves are found to be incorrect / suppressed or any vital information is concealed from

you for the purpose of availing the booking in your project then you shall have discretionary right to cancel my booking / allotment at any time without

serving any notice or assigning any reason to me/us.

For office use only

Application received on ________________________________________ by__ ___________________________________________________

Application received by : Sales : __________________________________ CRM : ___________________________________________________

Special remarks (if any) _______________________________________________________________________________________________

_________________________________________________________________________________________________________________

Declaration by Dealer/Broker/Facilitator/Intermediary (if any)

I confirm that the Basic Price / Premium for this booking is ________________ per square feet. I further confirm that the particulars given hereinabove

are as per details given to me by the applicant. I understand that this application shall be treated as complete only when this application form is duly filed

and signed by applicant(s) and is supported by all the necessary documents mentioned above. I understand that unsigned or incomplete application can

be rejected by developer at its sole discretion.

(i) Name: ______________________________________________________________________________________________________

(ii) Comments (if any) _____________________________________________________________________________________________

Signature of sole/first applicant(With rubber seal in case of a Company)

Name of Signatory ___________________________

Designation ________________________________

Date: ___________ Place: ____________________

Signature of second applicant (if any)(With rubber seal in case of a Company)

Name of Signatory ___________________________

Designation ________________________________

Date: ___________ Place: ____________________

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Booking : Direct by Company Through Dealer/Broker/Facilitator/Intermediary

Signature of Dealer/Broker/Facilitator/Intermediary___________________________________

(With rubber seal in case of a Company)Signature of Applicant(s)______________________

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PAY M E N T P L A NPlease confirm the payment plan you have opted for by signing at the end of relevant plan

100% DOWN PAYMENT PLAN WITH 12% P.A. ASSURED RETURN

Basic Price / Premium: As applicable

Booking Amount: ` 2,00,000/-

First Installment: 10% of Basic Price / Premium (including booking amount) within 30 days from date of booking

Second Installment: 90% of Basic Price / Premium within 60 days from date of booking

Note:

(1) Date of Booking refers to the receipt of application along with realization of the booking amount and all KYC documents (identity proof, address proof, photo, PAN, NRI / PIO status docs, and other documents required by the developer. Developer reserves the right to reject booking in case KYC Norms are not fulfilled.

(2) Service Tax as applicable shall be payable extra in accordance with prevailing law/ rule. Any return will be payable only if the applicant has paid all the applicable service tax alongwith due installment / payment.

(3) Additional / Other charges applicable commonly to all applicants under concerned payment plan shall be payable by Applicant on proportionate area basis as per demand.

(4) Assured Return: With effect from the date of realization of second installment (i.e., with effect from the date of realization of 100% of basic price / premium to the account of developer) developer will pay assured returns @ 12% (Twelve Percent) per annum on the amount of basic price received. The return shall be paid only on the basic price / premium paid and no other amount or charges or taxes, late payment interest shall be included for calculating this return. However, these charges / taxes / late payment interest (if any) shall be essentially payable to start return. The return shall be paid on monthly basis after deducting TDS. This return shall be inclusive of all taxes including Service Tax, if applicable on such returns. The return shall be payable till the date of offer of possession of unit. No returns shall be paid on excess payments. In case of default in making payment on due date, return shall be payable only from the date of realization of clearance of due amount alongwith all late payment interest / due charges and taxes.

(5) Commitment Charges: Developer represents that the applicant shall receive till 36 (Thirty Six) months from the date of offer of possession of said space by developer, a commitment

charge @ ` 44.5 per sq. ft. per month (inclusive of all taxes including service tax) in lieu of providing his unit for further sub-lease alongwith his right to use in common amenities and car parking, if any. The commitment charges shall be paid on monthly basis after deducting TDS.

(6) In case of joint applicants, Assured Return and Commitment Charges shall be payable in equal proportion unless otherwise stated by the applicants.

Preferred payment plan Yes NoSignature of Applicant(s)______________________


50%:25%:25% DOWN PAYMENT FLEXI PLAN WITH 11 % P.A. ASSURED RETURN



First Installment 10% of Basic Price / Premium (including booking amount) within 30 days from date of booking


Third Installment: 25% of Basic Price / Premium within one year from date of booking

Fourth Installment: 25% of Basic Price / Premium within two years from date of booking

Note:

(1) Date of Booking refers to the receipt of application along with realization of the booking amount and all KYC documents (identity proof, address proof, photo, PAN, NRI / PIO status docs, and other documents required by the Developer. Developer reserves right to reject booking in case KYC Norms are not fulfilled.



(4) Assured Return: With effect from the date of realization of second installment (i.e., with effect from the date of realization of 50% of basic price / premium to the account of developer) developer will pay assured returns @ 11% (Eleven Percent) per annum on the amount of basic price / premium received by developer. However, applicant has option to enhance his return by fulfilling certain payment criteria i.e. the applicant shall be entitled to an upgraded assured return @12% (twelve percent) per annum on the amount of basic price / premium received if he pays the entire 100% basic price / premium within 12 months from the date of booking OR shall be entitled to an upgraded assured return @11.5% (eleven and a half percent) per annum on the amount of basic price / premium received if he pays the entire 100% basic price / premium within 18 months from the date of booking.

The upgraded return shall be payable from the date of realization of the basic price / premium. The return shall be paid only on the basic price / premium paid and no other amount or charges or taxes, late payment interest shall be included for calculating this return. However, these charges / taxes /late payment interest (if any) shall be essentially payable to start return.The return shall be paid on monthly basis after deducting TDS. This return shall be inclusive of all Taxes including Service Tax, if applicable on such returns. The return shall be payable till the date of offer of possession of unit. No returns shall be paid on excess payments. In case of default in making payment on due date, return shall be payable only from the date of realization of clearance of due amount alongwith all late payment interest / due charges and taxes.


charge @ ` 44.5 per sq. ft. per month (inclusive of all taxes including service tax) in lieu of providing his unit for further sub-lease alongwith his right to use in common amenities and car parking. The commitment charges shall be paid on monthly basis after deducting TDS.


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25% DOWN PAYMENT WITH 10% P.A.ASSURED RETURN (MERI INVESTMENT MERI MARZI PLAN)



First Installment: 10% of Basic Price / Premium (including booking amount) within 30 days from date of booking


Next Installment: Balance 75% of basic price / premium shall be payable in five half yearly installments each of 12.5% of basic price / premium payable on or before every 6 (six) month interval from the date of booking and balance amount of Basic Price / Premium alongwith any dues / penalty / outstanding of whatever sort at the time of offer of possession. The applicant shall get a minimum assured 10% p.a. return or the applicable return, as the case may be, on all such excess amount from the date of its realization to the account of the developer.

ROI Maximixer Advantage: Pre-pay the last applicable installment and increase your return by 0.5% for each installment over 10% p.a.

Note:

(1) Date of Booking refers to the receipt of application along with realization of the booking amount and all KYC documents (identity proof, address proof, photo, PAN, NRI / PIO status docs, and other documents required by the developer. Developer reserves right to reject booking in case KYC Norms are not fulfilled.



(4) Assured Return: With effect from the date of realization of second installment (i.e., with effect from the date of realization of 25% of basic price / premium to the account of developer) developer will pay assured returns @ 10% (Ten Percent) per annum on the amount of basic price / premium received by developer. If Applicant makes 100% payment of Basic Price / Premium alongwith applicable service tax (i) within 12 months from the date of booking, he will get an upgraded Assured Return @12%p.a. or (ii) within 18 months from the date of booking, he will get an upgraded Assured Return @11.5%p.a. or (iii) within 24 months from the date of booking, he will get an upgraded Assured Return @11%p.a. or (iv) within 30 months from the date of booking, he will get an upgraded Assured Return @10.5%p.a, only from the date of receipt of 100% Basic Price / Premium alongwith applicable service tax by the developer. However, instead of the aforesaid Assured Return options, applicant has other options to enhance his return by fulfilling certain payment criteria i.e. the applicant shall be entitled to an additional return @0.5% (half percent) per annum for any installment that is prepaid alongwith an existing applicable stage, on the amount of basic price / premium received. The installment paid in advance shall be deemed to be the last installment payable. The maximum return payable under this plan shall not exceed 12% per annum.The enhanced return shall be payable from the date of receipt of prepaid installment. The return shall be paid only on the basic price / premium paid and no other amount or charges or taxes or late payment interest shall be included for calculating this return. However, these charges / taxes /late payment interest (if any) shall be essentially payable to start return.The return shall be paid on monthly basis after deducting TDS. This return shall be inclusive of all Taxes including Service Tax, if applicable on such returns. The return shall be payable till the date of offer of possession of unit. In case of default in making payment on due date, return shall be payable only from the date of realization of clearance of due amount alongwith all late payment interest / due charges and taxes


charge @ ` 44.5 per sq. ft. per month (inclusive of all taxes including service tax) in lieu of providing his unit for further sub-lease alongwith his right to use in common amenities and

car parking. The commitment charges shall be paid on monthly basis after deducting TDS.


Appl icable to Al l Plans

Addit ional Charges:

1. Preferential Location Charges:

Ground Floor: 20% of Basic Price / Premium

First Floor: 10% of Basic Price / Premium

Second Floor: 7.5% of Basic Price / Premium

Third Floor: 5% of Basic Price / Premium

2. *Right to Use Car Parking Space: For every 500 square feet of super area, the applicant may ask for one car park on right to use basis. With booking of lockable space at least one car park is compulsory for which charges shall be payable at the time of offer of possession, however, for unlockable space car park is optionally to be taken. Charges for right to use car park are as follows:

Open: ` 2,00,000/- (Rupees Two Lakhs Only) per car park

Covered: ` 3,60,000/- (Rupees Three Lakh Sixty Thousand Only) per car park

3. Power Backup Installation: Every space of 500 Square Feet will come with power backup of 1 KVA load. Additional power backup load will be payable extra as per then prevailing rates.

* Sub jec t to ava i lab i l i t y.

Pr ice , o ther charges and payment p lans are sub jec t to change wi thout any not ice . P lease check the pr ices and payment p lans app l icab le on the da te o f book ing.

1sq. f t . = 0 .093 sq . mtr.

Payment te rms are to be read a longwi th the te rms & cond i t ions s ta ted in the Book ing App l ica t ion Form.

A l l payment through cheques / DD or any o ther modes are sub jec t to rea l i za t ion to the account o f deve loper.


Signature of Applicant(s)______________________

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T E R M S A N D C O N D I T I O N S

The following terms & conditions and the payment plans are attached with and are an integral part of the application for booking of space (i.e., said space) for allotment on leasehold basis in Information

Technology Park named as World Trade Center Noida (i.e., said complex) to be constructed & developed at Plot No. TZ-13A, Sector Tech Zone, Greater Noida Industrial Development Area, District Gautam Buddh

Nagar (Uttar Pradesh) (i.e., said plot) by M/s WTC Noida Development CompanyPrivate Limited. (i.e., developer).

1. Greater Noida Industrial Development Authority (GNIDA) has granted approximately 85,029.64 sq. mtrs. Of land at Plot no. TZ-13A, Sector Tech Zone, Greater Noida Industrial Development Authority,

District Gautam Budh Nagar on lease to Ms/ Sundaram I.T. Parks Pvt. Ltd. vide lease dated April 18, 2007, for setting up a project related to information technology.

2. M/s Sundaram IT Park Pvt. Ltd. has entered into a development agreement with M/s WTC Noida Development CompanyPrivate Limited (Developer) whereby Developer has been granted rights to

develop/construct and market built-up area to be constructed on a portion of the land. The developer has further been granted right to accept advance(s) from the applicants and execute documents

including agreement in respect of the space. Accordingly the Developer is entitled to receive/collect this application and also receive payment thereof.

3. Applicant(s) has checked, verified and appraised himself with all laws, rules, regulations, notifications, circulars, policies of Government including those of Greater Noida Industrial Development Authority

(i.e., GNIDA) applicable on said plot & on said complex. The applicant has fully satisfied about the interest and the title of the Developer in the said land and has understood all limitations and obligations

in respect thereof.

4. Applicant(s) understands and agrees that building plans for said complex; specifications, quality, standard & quantity of material to be used in construction of said complex and nature of facilities to be

provided in said complex shall be determined exclusively by developer. Applicant(s) shall have no right to interfere in these matters. The Applicant further agrees that the Developer may affect such

variations, additions, alterations, deletions and modifications as it may in its sole discretion deem appropriate or as may be done by any competent authority.

5. The Applicant agrees that this Application is a mere request by the Applicant(s) for the allotment of the space and the Developer reserves the right to accept or refuse the application of the Applicant(s)

without assigning any reason. In case the Developer refuses to allot the said space due to any reason whatsoever, in that eventuality the refund of the amount received from the applicant(s) shall be

complete discharge of all obligations on the part of the Developer. The Applicant(s) thereafter shall have no other right, claim or interest of whatsoever nature in the said space/Complex/ or against

Developer. The Applicant(s) specifically agrees that the allotment of the said space shall be subject to strict compliance of all terms and conditions of this application and of the agreement to be

executed as may be determined by the Developer for occupation and use and such other conditions as per the applicable laws.

6. The Applicant(s) has clearly understood that this application is not an assurance or offer of allotment or allotment or an agreement to lease and the applicant(s) do not become entitled to any allotment in

the complex notwithstanding the fact that the Developer may have issued a receipt in acknowledgement of the booking amount. The allotment shall be confirmed by the Developer only after the

applicant(s) signs and executes the agreement in the Developers standard format and the applicant agreeing to abide by the terms and conditions laid down therein.

7. Amount equivalent to twenty percent of Basic Price / Premium shall be deemed to be earnest money for space being booked by applicant(s) in said complex. In case, applicant(s) violates any term or

condition of application/allotment of said space or defaults in payment of the consideration or other charges demanded by the Developer or fails to sign or execute any agreement, document in the

Developers standard format, the developer shall have the right to cancel the allotment and forfeit the earnest money along with return paid to the applicant till such date of cancellation and brokerage

paid to the broker in respect of such booking.

8. Applicant(s) shall have no right to withdraw this application. However, in case prior to execution of the agreement, applicant(s) wishes to get the application/booking cancelled or a reduced area,

applicant(s) shall be liable to pay ` 30,000/- (Rupees thirty thousand only) along with return received from the developer. Applicant(s) shall also either pay to the developer brokerage (if any) paid or

payable by developer for applicants booking or submit a No objection certificate issued by broker (if any) to the effect that he will not claim any brokerage from developer in respect of applicants

booking. Applicant(s) have understood and agreed that he will not be entitled to claim any assured return before the execution of Agreement. In the event of cancellation of Application Form / booking

before execution of Agreement he shall not get any assured return. However, after execution of Agreement, he will be entitled to assured return from the date when he made payment of minimum

amount of basic price / premium and service tax which was required to enttle him to get assured return.

9. Size of said space mentioned in application is tentative. However, developer shall endeavour that size of said space does not vary by more than fifteen percent from what has been stated in application.

In any case accounts between developer and applicant(s) will be settled on the basis of actual super area which applicant(s) will finally get.

10. In addition to the Basic Price / Premium, the Applicant(s) agrees to pay to the Developer charges related to preferential location, parking, club, and maintenance related security/fund as may be

applicable from time to time and such other charges as may be prevalent in the industry. Further, the Applicant also agrees to pay any tax / levy / charges applicable on the said space or land or may be

imposed by the government or any authority in future including escalation of the cost of land, as may be demanded by GNIIDA or any other authority from the developer or the land owner. Further, the

Applicant(s) also agrees to pay any amount demanded by the Developer to provide any additional facility(ies) or change in specification or change in layout or to comply with any order of the government

or statutory / competent authority. All such charges shall be levied and payable by the Applicant on a proportionate area basis. Any delay in payment of such amounts shall be treated as a default in

terms of this application and the Applicant(s) shall be liable for the consequences arising from such default as mentioned in this application.

11. All taxes, levies, statutory charges, fees etc. (by whatever names they be called) applicable on said space or on any payment made or to be made by applicant(s) shall be borne & paid by applicant(s).

Further if any taxes, levies, statutory charges, fees etc. is imposed on said complex or on said plot, applicant(s) shall pay the same in proportion to the super area of said space.

12. Timely payment by applicant(s) of installments towards basic price / premium for allotment of said space, as per payment plan opted by applicant(s) is the essence of this transaction. In case

applicant(s) fails to pay any of the installments in time, developer may at its discretion either cancel applicant(s) booking and forfeit the earnest money, demand to refund return, if any, paid till the date

of cancellation or deduct the same from the money paid by the applicant and brokerage paid in respect of such booking or extend the time for making the payment thereof by levying interest at the rate

of 18% per annum or such rate as determined by the developer from time to time on defaulted amount for delayed period.

13. Applicant(s) shall make all payments towards basic price / premium for allotment of said space by way of cheques/drafts/pay orders issued in favour of WTC Noida (payable at New Delhi) or in such

name as informed by the developer. For all cheques/drafts/pay orders the date of realization shall be taken as the date of payment. In case of a dishonored cheque for any reason whatsoever, the

Applicant/s agrees that dishonour of cheque tantamount to breach of the terms of Application and the Developer shall be entitled to cancel the booking / allotment of the Space at any stage.

14. In case the applicant(s) opts for a payment plan with assured return, the applicant(s) shall be entitled to get returns as per the terms and conditions of the said plan, provided the applicant(s) has made

the complete payment at all stages in accordance with said plan. In case of default in payments as per payment plan opted by applicant(s), developer shall be released/discharged from its all liabilities

to pay assured returns to applicant(s). However, if applicant(s) subsequently makes the due payment with interest, developer shall resume payment of assured return as per said payment plan from the

date applicant(s) clears its all dues with interest. The Applicant shall not be entitled to any return for the period of default. Amount of interest paid by applicant(s) shall never be included for calculation of

assured return.

15. Subject to compliance of all terms & conditions of allotment by applicant(s) and also subject to payment of basic price / premium & other charges applicable on said space by applicant(s), developer

shall effect/cause execution of sub-lease deed of said space for such period as permitted by GNIDA or any other authority having jurisdiction over the complex. All expenses (including Stamp Duty,

Registration Fee, leasing fees, legal and miscellaneous charges) involved in its execution and registration including renewals thereof (if any) shall be borne by applicant(s).



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16. Since construction of said complex is a large project, developer shall construct the same in Phases. Irrespective of whether construction of other phase(s) is complete or not, developer will offer

possession of said space after completion of construction of phase, wherein said space situates. The occupancy certificate shall not be pre-condition to the offer of possession by the developer. Applicant(s)

must take the possession of said space within thirty days from the date of offer of possession. Applicant(s) shall never have any objection to developer constructing or continuing with the construction of remaining

structures in said complex or other buildings adjoining the said space. All major common facilities shall be completed and provided only after completion of construction of all phases.

17. Developer will give possession of the said unfurnished space in bare shel condition. Material used in construction shall be subject to depreciation within the period of payment of commitment charges

to the applicant and wear and tear thereof, for which developer shall have no responsibility. The developer shall have all right to use the space of applicant in a manner it deem fit and proper for the

entire period of making payment of commitment charges to the applicant.

18. Developer shall endeavour to offer possession of said space for fit outs within a period of three years from the date of execution of agreement to sub-lease of said space plus the grace period of 6

months. If construction of complex/building is delayed due to any reason beyond the control of Developer or any act of God or force majeure or as a result of any Act, Order, Rule etc. of the government

or any other public authority then in such the developer shall be entitled to reasonable extension of time without any penalty or damage. The liability of Developer to offer possession shall arise only if

the Applicant is regular in payment of all amounts and charges as and when demanded by the Developer and has complied with the terms and condition of this application or any agreement executed

between the Developer and applicant. Save what has been stated in applicable payment plan, developer shall never be liable to pay any damages/compensation/penalty/interest in case of any delay in

construction of concerned phase of said complex or delay in offer of possession of said space.

19. Applicant(s) shall be entitled only to the covered area of said space. Developer shall be always free to raise/construct additional floor/units in the building or any additional structure in said complex and

to transfer the same to such person(s) on such terms and conditions, which the developer may deem fit and proper. Developer shall be always free to change the lay-out plans, building plans and/or

floor plans of buildings/structures in said complex in such manner, which the developer may deem fit and proper. Applicant(s) shall never have any objections in these regards.

20. Said space will be a part of Information Technology Park and can be used only for IT/ITES activities as accepted/approved by Government of Uttar Pradesh and GNIDA.

21. Applicant(s) shall not be entitled to transfer/assign his rights/claims/interests in said space without prior written approval of the developer. Developer may in its sole discretion, permit such

transfer/assignment on such terms and conditions (including levying of transfer fees/charges) as it may deem fit and proper. However, there will be no transfer fee for the first transfer of said space. Any

transfer of booking shall be permitted only after the execution of the agreement to lease between the developer and the applicant.

22. Subject to prior written approval of developer, applicant(s) shall have the right to grant further sub-lease of said space, which shall always be subject to terms and conditions of lease deed executed by

GNIDA and sub-lease deed referred to in clause 15, above. However, in case the applicant grants his lockable space on further sub-lease on his own, the developer shall be released from its liability to

pay any rental / return to applicant and applicant shall be entitled only to what he will get directly from such further sub-leasing. Applicant shall not have right to grant his Unlockable space on further

sub-leasing, which will be dealt by provision mentioned under clause 25 herein below. However, the constituted company shall have authority to deal with / make policy for such spaces as per its choice

and in the interest of all applicants.

23. Applicant(s) understands that expression Lockable space shall mean space which is enclosed between walls made from such material as may be considered appropriate by developer with door for

ingress/egress. Expression Unlockable space shall mean undivided space in said complex.

24. In case applicant(s) opts to have Lockable space, location of said space shall be identified by developer at the time of offering possession. Applicant(s) understands and agrees that applicants

preferred location shall be provided subject to availability only.

25. All Unlockable spaces in said complex shall be controlled by a body of first sub-lessees of Unlockable spaces, which may be constituted as a Company, Trust, Society or in any other form. This

body shall either use or further sub-lease the unlockable spaces for common benefits of its members and shall after deducting its expenses, distribute the income generated from use/further sub-lease

of unlockable spaces amongst the first sub-lessees of unlockable spaces as per its Rules.

26. The body referred to in clause 25 shall be established prior to execution of sub-lease deed of said space and applicant(s) shall cooperate with developer in all ways for establishing said body including

by way of execution of necessary documents. In case applicant(s) fails to cooperate with developer in establishing said body or fails to execute/provide necessary documents, developer will be

immediately released /discharged from its all liabilities towards applicant(s) including payment of rental / return.

27. Applicant(s) understand and agrees that following charges shall always be attached to said space

a) Common area maintenance charges (i.e., CAM) [For providing common services and facilities in said space]

b) Contribution to Sinking Fund [This fund will be used for major repairs or replacement or purchase of new equipments for common use]

c) Interest Free Maintenance Security

d) Charges for consumption of water

e) Cost of insurance of building of said complex

f) Any other charges as may be determined by the developer and/or maintenance agency from time to time.

28. Charges mentioned in clause 27 shall be payable to maintenance agency nominated/appointed by developer for rendering common services in said complex. These charges shall be in accordance with

then prevailing industry standards. These charges shall be payable with effect from expiry of thirty days from the date of offer of possession by developer. In case applicant(s) is allotted lockable space,

these charges shall be payable by applicant(s) and in case applicant(s) are allotted unlockable space these charges shall be payable by actual occupant of said space.

29. Basic price / premium for said space and all other charges including CAM charges shall be calculated on the basis of super area. Super area includes the area of said space and proportionate share of

common areas/spaces in said complex. Total efficiency of a floor plate will be about 65-70% of total super area of that undivided floor plate.

30. The Developer is hereby permitted to raise finance/ loan from the financial institution / bank by way of mortgage / charge / securitization of receivables of applicant(s) space subject to the space being

free of encumbrance at the time of execution of the sub-lease deed in favor of the Applicant(s).

31. In case of abandonment of project by the Developer due to cancellation of the project approvals / permits by the competent authority or for any other reason, the Developer is not in a position to allot /

deliver the possession of the space, the Developer liability shall be limited to refund of the amount paid by the Applicant along with interest not exceeding 9% per annum and the Developer shall not be

liable for the any other compensation/ damage. The Applicant(s) do hereby undertakes that the decision of the Developer in this regard shall be conclusive, final and binding on the Applicant(s).

32. Developer shall execute agreement to sub-lease regarding allotment of said space only after receiving that minimum down payment which is essentially needed for start of return under the concerned

payment plan of said space. However, prior to execution of agreement to sub-lease, developer may at any stage and at any time reject/cancel the applicants application for booking of said space

unilaterally without assigning any reason whatsoever and in case of such rejection/cancellation by developer, applicant(s) will be entitled only to the refund of amount paid by him to developer without

any interest/penalty/damages/compensation.

33. Foreign applicant(s), applicant(s) having NRI/PIO status shall himself be exclusively responsible to comply with necessary formalities as laid down in Foreign Exchange Management Act, Reserve Bank of

India Act and/or any other law governing this transaction including remittance of payments in India and acquisition of immovable properties in India. It shall be the sole responsibility of applicant(s) to

ensure that payment is remitted only through authorised accounts/channels. Developer shall not be responsible in any manner if any third party makes any payment/remittances on behalf of applicant(s)

and developer shall issue payment receipts in favour of applicant(s) only. All financial and penal consequences (if any) for violation of any law or rule shall be borne exclusively by applicant(s) himself. In

case it is ever found that any provision of any applicable law is not complied with, allotment of said space shall be liable to be cancelled and in such a situation developer shall be entitled to forfeit

earnest money and shall refund, without any interest, the remaining amount (if any) paid by the applicant(s) to the developer for said space after deducting brokers commissions/discounts.

34. Developer shall send all letters/notices and communications to the sole/first applicant(s) at his address given in the application form through registered/speed post or through courier. All such

letters/notices and communications so sent to the sole/first applicant(s) shall be deemed to have been duly received by all applicants within 5 (five) days from the date of dispatch. Developer shall not

be liable to send separate communication, letters and notices to the second applicant(s) or to applicant(s) other than the first applicant(s).

35. No one, (including any broker/dealer or even any employee of developer) is authorised to make any concession in any of the terms and conditions contained herein. Developer shall not be bound by any

oral or written commitments beyond the scope of these terms and conditions made by any person including any broker or employee of developer.

36. For all intents and purposes including for interpretation of these terms and conditions a word or an expression which denotes a natural person shall include an artificial person (and vice versa), any one

gender shall include other genders, singular shall include plural (and vice versa).

37. In case of any dispute between the parties hereto (including their successors) concerning accompanying application or matters arising there from, the same shall be adjudicated by way of arbitration,

which shall be conducted by an arbitrator nominated/appointed by developer. Venue of arbitration shall be at New Delhi. Arbitration shall be conducted in accordance with Indian Arbitration and

Conciliation Act, 1996.

38. This application and the transaction contained herein shall be governed by laws of India. Save and except provided in Clause 38 herein, the Courts at Noida / Gautam Buddh Nagar shall exclusive

jurisdiction in all the matter arising out of and/or concerned this application / booking of space.

Signature of sole/first applicant

(With rubber seal in case of a Company)

Name of Signatory_ _________________________

Designation ________________________________

Date: ___________ Place: ____________________

Signature of second applicant (if any)

(With rubber seal in case of a Company)

Name of Signatory_ _________________________

Designation ________________________________

Date: ___________ Place: ____________________

Page 8 of 8

Disclaimer: World Trade Center or WTC is a registered trade mark solely owned by World Trade Centers Association, Inc, New York (WTCA).

Corporate & Sales Office: 5D, Plaza M6, District Centre, Jasola, New Delhi - 110 025,

Plot No. TZ-13A, Tech Zone, Greater Noida Industrial Development Area, District Gautam Budh Nagar (U.P.)

T: +91 11 958 2244 080 958 2264 080 011 4080 4080 | F: +91 11 4051 5601 | SMS INVEST to 57333

E: [email protected], W: www.wtcnoida.org

appl form wtc noida form unfurnished 44.5.pdf

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