Terms & Conditions and Privacy Policy

1. NATURE OF BOOKING

a) This is an applicaon for provisional booking of a Commercial Unit in the Project namely “LID Plaza” being developed on the area of 0.50 acres which is the part and parcel of “Green Valley 2”, an affordable residenal Ploed Colony spread over an area admeasuring 12.50 acres situated at Sector -6, Sohna, Gurugram, Haryana, being developed by Lion Infradevelopers LLP, under Deen Dayal Jan Awas Yojna -2016 of the Government of Haryana.

b)This provisional booking does not convey in favour of Applicant any right, tle or interest of whatsoever nature unless and unl the conveyance deed is executed in favour of the Applicant.

c)This provisional booking shall be confirmed by The LLP Firm/Developer only when the Applicant shall sign and execute the Allotment Leer, make the payment of Allotment Money along with applicable taxes and shall enter into the registered Agreement for Sale/BBA.

2. PROJECT LAND TITLE, LICENCES AND LOCATION

a) The Applicant has applied for allotment of the Commercial Unit with full knowledge and subject to all the laws/noficaons(s) and rules applicable in general, which have been explained by The LLP Firm/Developer to the Applicant in vernacular language and duly understood by the Applicant.

b)The Applicant has examined and fully sasfied himself/herself/themselves about the rights, interest and the title of The LLP Firm/Developer in the said land and has understood that The LLP Firm/Developer, Lion Infradevelopers LLP vide (1) Collaboraon Agreement No. 12855 dated 27-03-2023 with Nika Propmart Pvt. Ltd. and Sh. Jan Lohia S/o Sh. Ravinder Singh Lohia, (2) Collaboration Agreement No. 2817 dated 01-10-2013 between Smt. Sukhpali W/o Satbir Singh and Nika Propmart Pvt. Ltd., registered GPA Vasika No. 88 dated 01-10-2013 and registered Supplementary Agreement vide Vasika no. 11361 dated 07-02-2023 followed by registered Assignment Agreement vide Vasika No. 13068 dated 31-03-2023 which was further confirmed by Mrs. Sukhpali vide registered SPA Vasika No. 33 dated 03-08-2023 and (3) Collaboration Agreement No. 12397 dated 15-03-2023 with Sh. M. R. Lohia S/o Sh. Phool Singh & Smt. Satyawa W/o Sh. M. R. Lohia, as per which the Project being part and parcel of the Residenal Plotted colony will be developed and has understood all limitaons and obligaons in respect thereof. The Applicant agrees and accepts to abide by the terms and condions of all the permissions, sancons, direcons etc. issued by DGTCP and/or by any other competent authories in this regard to The LLP Firm/Developer.

c)The Applicant has inspected the site where the Commercial Unit is proposed to be developed. The Applicant has not merely relied or been influenced by any architect’s plan, sales plan, sales brochures, adversement, representaons, warranes, statements or estimates of any nature whatsoever whether written or oral made by The LLP Firm/Developer and has taken his/her/their personal judgment prior to booking the Commercial Unit.

3. APPLICABLE LAWS

a) The Project “LID Plaza” is being developed on the area of 0.50 acres which is the part and parcel of “Green Valley 2”, an affordable residenal Ploed Colony spread over an area admeasuring 12.50 acres situated at Sector -6, Sohna, Gurugram, Haryana, governed by THE DEEN DAYAL JAN AWAS YOJNA – 2016 of THE GOVERNMENT OF HARYANA bearing Noficaon No. PF -27A/2700 dt. 08/02/2016 and subsequent amendments therein (Policy). All the terms and condions of the Policy shall be applicable on the Commercial Unit allotted under the Applicaon. The Applicant undertakes to abide by all applicable laws including any bye laws, rules and regulaons including the Real Estate (Regulaon and Development) Act 2016 and the Rules,2017 framed thereunder (“Real Estate Act”).

b)The Developer shall comply Rule 24, 26, 27 and 28 of Haryana Development and Regulaon of Urban Areas Rules, 1976 and Secon 5 of Haryana Development and Regulaon of Urban Areas Act (HDRU), 1975.

c)The Applicant shall have a right in the Common Areas as provided under Rule 2(1)(f) of Rules, 2017 of the State and shall be entled to use common areas as permissible under the applicable law and right in the common areas as per provisions of HDRU Act, 1975(8 of 1975).

4. ALLOTMENT

a) Only such applicaons shall be considered which are complete and fulfill the criteria laid down in the Policy. However, it is possible that some of the applicaon forms have certain minor deficiencies viz., missing entry on the applicaon form, illegible copies of certain documents. Applicant may be granted an opportunity of removing the shortcomings in their applicaon in all respects within a period of 15 days, failing which their claim shall stand forfeited.

b)The Allotment Leer/ Agreement For Sale shall be executed by The LLP Firm/Developer aer realizaon of money due on Allotment along with applicable taxes etc. However, issuance of Allotment Letter/Agreement For Sale shall not confer any claim/right to the Applicant until all the terms and condion of Applicaon Form and/or Allotment Leer/ Agreement For Sale are fulfilled and complied by the Applicant, failing which this booking shall be cancelled.

5. CHANGES IN THE DRAWINGS/DESIGNS AND ADDITIONS & ALTERATIONS

The Applicant has seen the Zoning Plan, Building Plan, area of Commercial Unit etc. and has been made aware of and accepts that the zoning plan, Carpet Area of the Commercial Unit are tentave and that there may be variaons, deleons, addions, alteraons made by The LLP Firm/Developer as it may in its sole discreon deem fit and proper, or by or pursuant to requirements of a Governmental Authority, which may involve changes, including change in the zoning plans for the Project, nature of facilies to be provided in the Project in accordance with the policy. The Applicant has understood and agreed that aer the compleon of development of the Commercial Unit and the occupaon certificate/ part occupaon/completion Cerficate (as the case may be) is granted by the competent authority, The LLP Firm/Developer shall confirm the Carpet Area of the Commercial Unit. All such adjustments in the amounts payable or refundable as the case may be shall be made at the same rates as agreed herein.

6. CONSIDERATION, TAXES AND PAYMENT OF DUES

a)The total price (as defined in the terms and condions in Agreement for Sale/BBA) shall be payable on the date as specifically menoned in the “payment plan” as annexed. The rate of External Development Charges (EDC)/ Infrastructure Development Charges (IDC) component as menoned above is applicable as on date. In case of any future amendment/change or upward revision of the EDC/IDC being levied, whether prospecvely or retrospecvely, due to a change in legislaon or otherwise demanded by any authority, on the Project and/or the Said Land, the Applicant shall be liable to pay such addional/revised amount in proportion to the area of the Commercial Unit, as per the demand leer issued by the LLP Firm/Developer at that me.

b)The Total Price includes Taxes ( GST and Cess or any other taxes/fees/charges/levies etc. which may be levied, in connecon with the development of the Project) paid/payable by the Developer up to the date of handing over the possession of the Commercial Unit for commercial usage to the Alloee(s) or the competent authority, as the case may be, aer obtaining the necessary approvals from the competent authority for the purposes of such possession.
Provided that, in case there is any change/modification in the GST/taxes/charges/ fees/levies etc., the subsequent amount payable by the Allottee(s) to The LLP Firm/Developer shall be increased/decreased based on such change/modificaon.

c)All payments shall be made through Demand draft/Cheque/NEFT/RTGS etc. in favour of “Lion Infradevelopers LLP LID Plaza Collection Account”. The Applicant must specify their name, address, customer ID, mobile no. and Project name on the back side of demand dra/cheque accepted by The LLP Firm/Developer and The LLP Firm/Developer shall be deemed to have accepted such cheque/demand dra subject to their realizaon.

d) All payments should be deposited only at the office of The LLP Firm/Developer. The LLP Firm/Developer shall not be responsible/accountable for any payment made to agent/broker/any third person. The Applicant must insist for duly signed receipt from the authorized personnel of The LLP Firm/Developer, aer realizaon of the payment instrument.

e) The Applicant, on becoming a successful allottee in the manner as provided in this Applicaon, shall be liable to pay the total price for the Commercial Unit based on Unit Area.

i. The Total Price includes the Booking Amount paid by the Applicant to The LLP Firm/Developer towards the aforesaid Commercial Unit
i.The Applicant has to deposit 10% of the Total Price along with the Applicaon. The Applicant will be required to deposit the balance amount as per Payment Plan annexed as per Annexure-I. In case of transfer/assignment, amount due ll the date of assignment shall be cleared. Subsequent installments will be paid by the Assignee/transferee and shall be payable as per payment plan annexed. Any default in payment will bear penal interest as provided in Rule 15 of the Haryana Real Estate Regulatory Authority, Rules, 2017.

f) The LLP Firm/Developer shall periodically inmate in wring to the Applicant the amount payable as stated above, the Applicant shall make payment as demanded by The LLP Firm/Developer within the me and in the manner specified therein. In addion, The LLP Firm/Developer shall provide to the Applicant the details of the taxes/ fees/ charges/ levies etc. paid or demanded along with copy of any new amendment in the acts/ rules /notificaons together with dates from which such taxes/ fees/ charges/ levies etc. have been imposed or become effecve. In case there is any change or modificaon in the rate of any applicable taxes/ fees/ charges/ levies etc., the subsequent amount payable by the Applicant to The LLP Firm/Developer shall be increased or decreased based on such change or modificaon. Provided further that GST is applicable on interest, late fees and penalty on delayed payment, pursuant to foregoing, interest, late fees and penalty on delayed payment along with GST applicable thereon will be computed and will be payable as and when the Applicant will make such payments to The LLP Firm/Developer against these charges. Provided further that if there is any increase in the rate of taxes / fees/ charges/ levies etc. aer the expiry of the scheduled date of compleon of the Project as per registraon with the competent authority, which shall include the extension of registraon, if any, granted to the Project by the competent authority, as per the Real Estate Act, the same shall not be charge d from the Applicant.

g) In case of delayed payment of installments/any other dues by the Applicant, the Applicant shall be liable to pay interest as provided in Rule 15 of the Haryana Real Estate Regulatory Authority Rules, 2017.

h) The Applicant shall clear all the dues towards the Commercial Unit, before taking possession of the Commercial Unit.

7. LOANS

a) The Applicant shall have no objecon in case The LLP Firm/Developer creates a charge on the Project land during the course of development of the Project for raising loan from any bank/financial instuon. However, such charge, if created, shall be vacated before handling over possession of the Commercial Unit to the Applicant.

b) The Applicant may avail loan from financial instuons to finance the Commercial Unit. However, if a parcular financing instituon or bank refuses to extend financial assistance on any ground, the Applicant shall not make such refusal an excuse for non-payment of further installments / dues. In case there is delay in processing the loan in favour of the Applicant due to any reason what-so-ever and consequently the payments of installments are delayed by the Applicant to The LLP Firm/Developer, the Applicant agrees and accepts to make the payment of accrued interest to The LLP Firm/Developer, uncondionally.

8. CANCELLATION

a)If the Applicant fails to make payments for two consecuve demands (reminder for the outstanding amount for more than 30 days shall be treated as new demand for this purpose) made by the LLP Firm/Developer as per the Payment Plan annexed hereto, despite having been issued noce in that regard the applicant shall be liable to pay interest to The LLP Firm/Developer on the unpaid amount at the rate prescribed in the Rules;

b) In case of default in payment by the Applicant under the condions listed above connues for a period of ninety days aer noce from The LLP Firm/Developer in this regard, The LLP Firm/Developer may cancel the allotment of the Commercial Unit in favour of the Applicant and refund the money paid by the Applicant aer forfeiture of Earnest Money i.e. 10% of Total Price and interest component on delayed payment. The rate of interest payable by the Applicant shall be the rate of interest as provided in Rule 15 of the Haryana Real Estate Regulatory Authority Rules, 2017. In case of cancellaon of Commercial Unit after 30th September of the next financial year, GST paid and/or due upto preceding Financial years along with earnest money and interest due etc. as per Applicable Laws shall be deducted and the balance amount shall be refunded to the Applicant within 90 days of such cancellaon. Thereaer, the liability of The LLP Firm/Developer arising out of such allotment stands terminated and sasfied; Provided that The LLP Firm/Developer shall inmate the Applicant about such terminaon at least 30 days prior to such terminaon.

In case of surrender/cancellaon of Commercial Unit aer 30th September of the next financial year, GST paid and/or due upto preceding Financial years along with Earnest Money and interest due etc. as per Applicable Laws shall be deducted and the balance amount shall be refunded to the Applicant.

9. REGISTRATION & OTHER CHARGES

The Applicant shall get the conveyance deed for the Commercial Unit executed in his favour from The LLP Firm/Developer aer paying stamp duty, registraon fee and other charges/expenses, as applicable in this regard. No administrave charges shall be levied by the LLP Firm/Developer except Fee and Charges payable to outside agencies including stamp duty and Registraon Charges.

10. POSSESSION

a) Possession of Commercial Unit shall be offered by The LLP Firm/Developer on or before 15|12|2028 unless there is delay due to “force majeure” such as war, flood, drought, fire, cyclone, epidemic, pandemic, earthquake or any other calamity caused by nature, etc., court orders, governmental policy/guidelines, NGT/any government department’s/ regulatory authority’s acon/ inacon/ or omission/decision affecng the regular development of the Project. If the compleon of the Project is delayed due to the above condion/s, then the Allottee agrees that the LLP Firm/Developer shall be entitled to the extension of me for delivery of possession of the Commercial Unit and the LLP Firm/Developer shall not be liable to pay any penalty/ interest/ compensaon etc. for such extended period.

b) Upon receipt of the occupation certificate/compleon cerficate or part thereof in respect of the Project, The LLP Firm/Developer shall issue a wrien noce offering the possession of the Commercial Unit ("Possession Noce/Offer of Possession") within three months from the date of above approval in terms of the Agreement. Upon receiving the Possession Noce from The LLP Firm/Developer, the Applicant shall take possession of the Commercial Unit from The LLP Firm/Developer by execung necessary indemnies, undertakings and such other documentaon as prescribed in the Agreement and The LLP Firm/Developer shall give possession of the Commercial Unit to the Applicant. In case the Applicant fails to take possession within the me provided in the Possession Noce/Offer of Possession, such Applicant shall connue to be liable to pay maintenance charges and holding charges in terms of the Agreement.

c)The Commercial Unit shall be used only for the commercial purposes. After handing over of the possession of the Commercial Unit by The LLP Firm/Developer, the Applicant shall himself be responsible for repairs and maintenance thereof.

d)The Applicant shall be entled only to the area enclosed within the peripheral Area of the Commercial Unit. The Applicant shall not keep any material in the common areas of the Project. The Applicant shall be entitled to use the common areas of the Project along with other alloees for such purposes for which such common areas have been developed.

11. MAINTENANCE

a) The LLP Firm/Developer shall from the date of grant of occupaon certificate/part occupaon certificate of the Project or part thereof, either itself or through some maintenance agency inially maintain the Project until the maintenance of the Project is handed over to the Associaon of Allottees/ RWA for maintenance. Aer such handing over, engaging any maintenance agency for such maintenance works shall be at the sole discreon and terms and conditions finalized by the Associaon of Allottees/ RWA constuted under the Haryana Ownership Act 1983.

b) The Applicant shall bear costs of consumpon of electricity, water etc. for his Commercial Unit as well as the proportionate running cost (i.e., electricity, water, manpower & consumables) for providing common services and facilies in the Project with effect from the date of handing over possession of Commercial Unit by The LLP Firm/Developer.

12. FORCE MAJEURE

a) The development of the Project/ Commercial Unit is subject to any event or combination of events or circumstances beyond the reasonable control of The LLP Firm/Developer which cannot (a) by the exercise of reasonable diligence, or (b) despite the adopon of reasonable precauon and/or alternave measures, be prevented, or caused to be prevented, and which adversely affects The LLP Firm/Developer’s ability to perform including but not limited to the following:

I. Act of God i.e. fire, drought, flood, cyclone, earthquake, epidemics, pandemics, natural disasters or any other calamity caused by nature;
II. Explosions or accidents, air crashes and shipwrecks;
III. Strikes or lock outs, industrial disputes, lockdowns due to government regulation;
IV. Non-availability of cement, steel or other construcon/raw material or labour due to strikes of manufacturers, suppliers, transporters or other intermediaries or due to any reason whatsoever;
V. War and hoslies of war, riots, bandh, act of terrorism or civil commoon;
VI. The promulgaon of or amendment in any law, rule or regulaon or the issue of any injuncon, court order, governmental policy/guidelines, NGT/any government department’s or regulatory authority’s acon, inacon, decision or direcon from any governmental or statutory authority that prevents or restricts the Developer from complying with any or all the terms and condions as agreed in the Agreement; or
VII. Any legislaon, order or rule or regulaon made or issued by the Government or any Authority or if any Governmental Authority(ies) refuses, delays, withholds, denies the grant of necessary approvals/cerficates for the Project/Commercial Unit or if any maers, issues relang to such approvals, permissions, noces, nofications by the Governmental Authority(ies) becomes subject maer of any suit / writ before a competent court or; for any reason whatsoever;
VIII. Any event or circumstances analogous to the foregoing.

b) The Applicant agrees and confirms that in the event it becomes impossible for The LLP Firm/Developer to implement the Project due to Force Majeure Events and above menoned condions, then this allotment shall stand terminated and The LLP Firm/Developer shall refund to the Applicant the enre amount received by The LLP Firm/Developer from the Applicant within ninety days. The LLP Firm/Developer shall inmate the Applicant about such terminaon at least thirty days prior to such terminaon. Aer refund of the money as paid by the Applicant, the Applicant agrees that he/ she shall not have any rights, claims etc. against The LLP Firm/Developer and that The LLP Firm/Developer shall be released and discharged from all its obligaons and liabilies.

13. EVENTS OF DEFAULT

Subject to the Force Majeure Events, Court Orders, Government policy/ guidelines/ decisions, The LLP Firm/Developer shall be considered under a condion of default, in the following events:

a) The LLP Firm/Developer fails to provide possession of the fully developed Commercial Unit to the Applicant within the me period specified above or fails to complete the Project within the spulated me disclosed at the me of registraon of the Project with the concerned authority. For the purpose of this clause, 'fully developed possession' shall mean that the Commercial Unit shall be complete in all respects including the provision of all amenies and facilies as agreed to between the pares and for which occupaon/completion certificate or part thereof has been issued by the competent authority;

b) Disconnuance of The LLP Firm/Developer's business as a developer on account of suspension or revocation of his registraon under the provisions of the Real Estate Regulaon Act or the rules or regulaons made thereunder.

c) In case of default by The LLP Firm/Developer under the condions listed above, Applicant is entled to the following:

I. Stop making further payments to The LLP Firm/Developer as demanded by The LLP Firm/Developer. If the Applicant stops making payments, The LLP Firm/Developer shall correct the situaon by compleng the development milestones and only thereaer the Applicant be required to make the next payment without any interest for the period of such delay; or
II. The Applicant shall have the opon of terminang the allotment of Commercial Unit/Agreement. In such case the LLP Firm/Developer shall be liable to refund the enre money paid by the Applicant whatsoever towards the purchase of the Commercial Unit along with an interest as provided in rule 15 of the Haryana Real Estate Regulatory Authority, Rules, 2017, within ninety days of receiving the terminaon noce. Provided that where an Applicant does not intend to withdraw from the Project or terminate the allotment of the Commercial Unit/Agreement, he shall be paid interest as provided in rule 15 of the Haryana Real Estate Regulatory Authority, Rules, 2017 by The LLP Firm/Developer for every month of delay ll the handing over of the possession of the Commercial Unit, within ninety days of it becoming due.

Subject to the Force Majeure Events, Court Orders, Government Policy(ies)/Guidelines/Decisions, The Applicant shall be considered under a condion of default in the following events:

a) Dishonor of any cheque(s) including post-dated cheques given by the Applicant to The LLP Firm/Developer for any reason whatsoever;
b) Failure to execute the Agreement For Sale/BBA, conveyance deed, maintenance agreement and/or any other document required to be executed with The LLP Firm/Developer within such melines as spulated by The LLP Firm/Developer in terms of the Agreement/Applicaon;
c) Applicant fails to take possession of the Commercial Unit within the me provided herein above;
d) Failure to pay any taxes and other charges including stamp duty, legal charges, registraon fee/charges, any incidental charges etc. in terms of the Agreement/Applicaon;
e) Any other breach of the provision under Agreement/Application/ Policy by the Applicant .

In case of an event of default commied by an Applicant in terms of sub clause (i) above, The LLP Firm/Developer will have the following opons (exercisable individually or jointly at the sole discreon of The LLP Firm/Developer):

a) The Applicant shall be liable to pay interest as provided in Rule 15 of the Haryana Real Estate Regulatory Authority, Rules, 2017 for the period of delay
b) In case of payment of delayed installment as per the Payment Plan, the payment so made by the Applicant shall first be adjusted towards interest accrued on previous outstanding amounts and only thereafter the balance payment shall be adjusted towards the current outstanding amounts.
c) In the event the Applicant fails to make the payment of two consecuve demands (reminder for the outstanding amount for more than 30 days shall be treated as new demand for this purpose) made by The LLP Firm/Developer as per the payment plan annexed hereto, despite having been issued noce in this regard, the Applicant shall be liable to pay interest to The LLP Firm/Developer on the unpaid amount at the rate prescribed in the Rules. In case of Default by Applicant under the condion listed above continues for a period beyond ninety days aer noce from The LLP Firm/Developer in this regard, The LLP Firm/Developer may cancel the allotment of the Commercial Unit in favour of the Applicant and refund the money paid by the Applicant aer forfeiture of Earnest Money i.e. 10% of Total Price and interest component on delayed payment. The rate of interest payable by the Applicant shall be the State Bank of India highest Marginal Cost of Lending Rate plus two percent. In case of cancellaon of Commercial Unit aer 30th September of the next financial year, GST paid and/or due upto preceding Financial years along with earnest money and interest due etc. as per Applicable Laws shall be deducted and the balance amount shall be refunded to the Applicant within 90 days of such cancellation. On such default, the Agreement and the liability of The LLP Firm/Developer arising out of the same stands terminated; Provided that The LLP Firm/Developer shall inmate the Applicant about such terminaon at least 30 days prior to such terminaon.
d) In case of such cancellaon, the Applicant shall have no lien or claim on the Commercial Unit and The LLP Firm/Developer will be entled to sell, convey or transfer the Commercial Unit to any party at its sole discretion.

14. COMMUNICATION AND CHANGE OF ADDRESS

a) The Applicant shall get his / her / their complete address registered with The LLP Firm/Developer at the me of booking and it shall be his / her / their responsibility to inform The LLP Firm/Developer in wring by registered AD leer for any change in their mailing or permanent address. If he fails to do so, all demand noces and leers posted at the first registered address will be deemed to have been received by him at the me when those should ordinarily reach at such address and he shall be responsible for any default in making payment and other consequences that might occur therefrom

b) The Applicant hereby undertakes to inform The LLP Firm/Developer of any change in his address or any other parcular/informaon as given above, in wring, failing which the parculars available in the Applicaon shall be deemed to be correct and all the leers or any kind of communicaon sent at the recorded address by The LLP Firm/Developer shall be deemed to have been received by the Applicant and shall not be subject to any dispute of any nature. In case of any default in communicaon due to incorrect informaon, the Applicant shall be liable to bear all the cost and expenses.

b) In case of joint Applicant, The LLP Firm/Developer shall send all leers/ noces and communicaons to the sole/first Applicant at his address given in the applicaon form through registered/speed post or through courier. All such leers/noces and communicaons so sent to the sole/first Applicant shall be deemed to have been duly received by all Applicants within 5 days from the date of dispatch. The LLP Firm/Developer shall not be liable to send separate communicaon, leers and noces to the second Applicant or to Applicant other than the first Applicant.

15. DISPUTE RESOLUTION

a) All or any disputes arising out or touching upon or in relaon to the terms and condions of this Applicaon/ Agreement including the interpretaon and validity of the terms and condions thereof and the respecve rights and obligaons of the pares shall be resolved through conciliatory process. The LLP Firm/Developer’s representave shall resolve the dispute in an amicable manner by mutual discussion between the Pares. The said process will be mandatory. At least, 30 days period would be given for resolving the dispute between the pares. In case, the dispute is not resolved through conciliatory mode, the aggrieved party may opt for the appropriate legal remedy in accordance with law

b) The Courts/Forum/Authority at Gurugram shall have exclusive jurisdicon to entertain the disputes between the pares hereto.