Purva Silversky

PAYMENT TERM

The following payment term shall be applicable for the successful allotment of the unit requested through this application:

The Applicant does hereby undertake to make payments in terms of the payment schedule / demand raised by the Promoter. The Applicant understands that as per the applicable laws, any amount payable above 10% requires execution of the Agreement to Sell and therefore the Promoter has restricted the instalment amount accordingly. Any excess amount paid voluntarily at the sole discretion of the Applicant shall if accepted by the Promoter be adjusted against future dues upon execution of the Agreement to Sell or otherwise dealt with in accordance with applicable law. The Applicant is further aware that such excess amounts paid shall not carry any interest, benefit, rebate or compensation of any nature and no claim shall be raised by the Applicant against the Promoter at any time.

APPLICATION NOT A CONFIRMATION OF ALLOTMENT

It is expressly clarified that this application for allotment (the “Application") is neither a confirmation of allotment nor implies any undertaking by the Puravankara Limited and/or its subsidiaries/ affiliates/ associated concerns (the "Promoter") to allot and/or reserve and/or block the unit that the applicant(s) have requested for, in this Application. If the Application is confirmed, the unit preferred and chosen by the applicant(s) (the "Unit") will be temporarily blocked and an allotment letter will be issued, subject to the explicit conditions set out in Sl no. 4, failing which the Promoter shall be entitled to cancel the allotment and deal with the unit in any manner of its choice.

BASIS OF PROCESSING APPLICATION

This ‘Application’ shall be processed basis the fulfillment of the below requirements, failing which the ‘Promoter’ shall be entitled to reject/cancel the ‘Application’:

• All columns in the ‘Application’ are filled completely and all pages are duly signed by Applicant(s)
• Applicant(s) shall submit necessary self-attested KYC along with this ‘Application’
• Promoter shall process the ‘Application’ in accordance with its policies and procedures, including but not limited to carrying out the necessary verification of KYC, checks to establish the financial credentials and credit score of the Applicant(s)
• Availability of the “Unit” at the time of submission of the ‘Application’
• Realization of Earnest Money / Booking advance issued towards the ‘Unit’

CONDITIONS OF ALLOTMENT

The allotment, if confirmed pursuant to this Application, is subject to the following conditions failing which the flat temporarily reserved for the Applicant(s) shall be released and the allotment in favour of Applicant(s) shall stand cancelled with immediate effect without the need for any further notice to Applicant(s):

• The Applicant(s) shall execute / register the Agreement to sell within 60 (sixty) days from the date of issue of the Allotment Letter; and
• On execution of the Agreement to Sell, the terms and conditions as contained in the Agreement to Sell shall become binding.

POWERS OF ATTORNEY

In case Applicant(s) appoints a power of attorney, a self-attested copy of the power of attorney must be submitted along with this Application, failing which the Promoter may reject the Application. If the Applicant(s) is desirous of appointing a power of attorney for execution and registration of the Agreement to Sell, Promoter may, upon a request from Applicant, assist the Applicant in such process, the costs, expenses and charges of which shall be borne by the Applicant(s).

DEPOSITS, CHARGES, FEES AND OTHER EXPENSES

Advance Maintenance charges, Legal charges, corpus funds shall be payable as per the terms of the Agreement to Sell. Further all such deposits, charges, fees or levies, taxes and expense levied or demanded by the government or authorities or the governing bodies and agencies shall be borne and paid by the applicants(s) as per the terms of the Agreement to Sell.

DEFAULT & CANCELLATION

Any default in payments by Applicant(s) to Promoter after issue of the allotment letter will be handled in accordance with the terms and conditions of the allotment letter or executed Agreement to Sell. In case of the applicant cancelling or seeking cancellation of the booking prior to allotment letter, booking amount paid shall be refunded within 30 days from the date of such cancellation. In case of cancellation of the booking after issuance of allotment letter, the cancellation charges shall be as per the table provided below:

The applicant/s will be solely responsible for timely payment of all amounts due, irrespective of whether the payments are made from their own funds or by way of housing loan if any availed from a bank.

GST

In the event of cancellation of an allotment for any reasons whatsoever, all amounts paid on account of GST cannot be refunded. The Promoter shall provide certificate to applicant stating the amounts paid on account of GST, which certificate the applicant may use to directly apply for the refund of the GST paid, if permitted by law.

CHANGE MANAGEMENT

In case the applicant/s is desirous of changing/substituting the names of purchasers/applicants after the execution / registration of the Agreement to Sell, all charges, costs and expenses associated therewith, including but not limited to payment of necessary fees as per the terms of the Agreement to Sell, procuring, embossing, franking of relevant document and purchase of stamp papers shall be borne exclusively by the applicant(s) and shall pay such fees as agreed in the Agreement to Sell.

MINOR APPLICANT

Wherever a minor is a second applicant, all documents shall be signed by the natural guardian on behalf of the minor. The natural guardian shall be solely responsible for informing the Promoter once the minor attains the age of majority, and at all times prior to the execution of the conveyance deed.

TIME IS THE ESSENCE

The Applicant(s) undertakes to make payment of any and all amounts due strictly in accordance with the payment schedule stated herein, without delay. The Applicant(s) agrees and acknowledges that, subject to confirmation of allotment, time is the essence of agreement between Applicant(s) and Promoter, and consequently the Applicant(s) obligation to make payments on time and in full is of the essence.

GOVERNING LAW

All disputes relating to/arising out of or in relation to this application for allotment will be subject to the exclusive jurisdiction of the courts located in the city where the project is situated.

NRI/PIO APPLICANT(S)

Non-resident Indians/ Person of Indian Origin shall comply with all statutory compliances applicable by laws, rules and regulations prevalent in India for purchase of Apartment(s) sold by the Promoter. The Promoter shall not be liable for any non-compliance on part of the NRI/PIO Applicant(s).

Collection and Use of KYC Details

That the Promoter shall collect, process, store, and use personal data only for lawful business and compliance purposes in accordance with applicable data protection laws.

Consent to Use of KYC Details

I / We authorize Puravankara Limited and its group companies to collect and store my / our Aadhaar and PAN details, including document images, for identity verification and compliance purposes. I/ We have been informed and aware that all information provided by me/ us will be kept confidential and used only as per applicable data privacy laws.

Declaration

I/ We, the Applicant(s), declare our understanding / satisfaction on the following:

• The details pertaining to the project viz; location, specification, amenities, project and apartment layout, sanction plans, payment and completion schedule etc., have been explained by the Promoter and am/are satisfied with the information provided during visit to the project site / website of the Promoter and RERA.
• That all communications (majorly electronic mode) shall be sent to the email id / communication address of the first applicant.
• That I / We, the Applicant(s) shall be solely responsible for updating any change in communication address / personal details to the Promoter, failing which any communication or information based on the details furnished in the Application shall be deemed to have been received by the Applicant(s).
• The deposits, charges, taxes and levies payable to government agencies, as applicable from time to time shall be borne by me / us as per the terms of the Agreement to Sell.
• The parking spaces will be marked and allotted after the completion of the project.
• In case I/ We, the Applicant(s), is/are desirous of changing/substituting the names of purchasers/applicants after the execution / registration of the Agreement to Sell, all charges, costs and expenses associated therewith shall be borne exclusively by the applicant(s).
• That if the provisional Allotment is cancelled in accordance with the Terms contained herein, Promoter is entitled to allot the cancelled unit to any third party at its sole discretion. I/ we, the Applicants, from the date of such cancellation have no rights or claims against the company / Promoter for Allotment / possession of the cancelled unit.
• That I/We shall at the time of payment of installments in terms of Allotment Letter / Agreement to Sell undertake to deduct the applicable tax deduction at source (TDS) as per section 194IA of the Income Tax Act 1961 and submit the original TDS Challan and Form 16B within prescribed timeline mentioned in Income Tax Act 1961.

All payments shall be made to the designated bank account of the Promoter, details of which will be provided to the applicant(s). Bank charges, if applicable, shall be paid by the applicant(s) on actuals.

Please refer to our website for further information on the Project. (Puravankara Limited https://www.puravankara.com/)

I/We have read the above terms and conditions of this Application and accept that the same shall be applicable on me/us, our legal heirs and successors. I/we fully understood the contents thereof, have obtained legal advice on the same, and I/we expressly agree to strictly abide by and adhere to these terms and conditions.

Website Terms

This website is governed by and shall be interpreted in accordance with the laws of India. All matters relating to the use of this website, including any dispute, claim, or controversy arising out of or in connection with its use, content, services, or these terms, shall be subject exclusively to the applicable laws in force in India. Any such disputes shall be subject to the exclusive jurisdiction of the courts in Bengaluru, India. By accessing or using this website, you agree to be bound by the laws of India and to submit to the jurisdiction of these courts.

If you do not agree with this policy, you are advised not to access our site. These Terms and Conditions also applies to data collected through our customer care centres.

By sharing your phone number with us, you consent to receive service related and promotional calls and messages from us. This consent will override any registration for DNC/NDNC you may have made previously.

By agreeing to these Terms & Conditions, you authorize Puravankara Limited and its affiliates to contact you through multiple communication channels, including but not limited to Email, SMS, WhatsApp, RCS (Rich Communication Services), Push Notifications, Facebook Messenger, phone calls, and in-app messages, for the purpose of providing updates on our products, services, offers, events, or other promotional content.