“…the best way to find yourself is to lose yourself in the service of others…

~ Mohandas Gandhi

“…the thing that lies at the foundation of positive change … is service to a fellow human being…”

~ Lee Iacocca – President and CEO of the Chrysler Corporation

“…only a life lived for others is a life worthwhile...” ~ Albert Einstein – Nobel Laureate and the father of modern physics

“…there is no higher religion than human service. To work for the common good is the greatest creed…”

~ Woodrow Wilson - 28th President of the United States

 

 

INDEX

1 The Employees Welfare Fund HAL, Bangalore– a brief introduction pgs 1 and 2

2 The Project – introduction to the Project and Site pg 4

3 Tippany Map of the Site pgs 5 and 6

4 Location plan – as per the Ring Roads and new township in the BMR pg 7

5 Location plan – as per the Bangalore map [ not to scale ] pg 8

6 Location plan – as per the BMRDA pg 9

7 Location Plan – with prominent Landmarks pg 10

8 Bus Routes to the Site [ from the HAL, Vimanapura] Pg 11

9 Planned Resources and Amenities [ including the BMRDA norms for subdivisions of layouts ] pgs 13 - 17

10 Division of sites and Layout Plan [ as per the developer ] pg 19

11 Details of Sites and their costing pg 20

12 Sample Bulletin pgs 21 and 22

13 Sample Brochure pgs 23 - 26

14 Benefits of the Project pg 28

15 Communication and Information Media pg 28

16 Site Visits pg 28

17 Legal Clearances pg 28

18 The Developer pg 29 and 30

19 Memorandum Of Understanding between the EWF and the Developer

[Terms and Conditions ] pgs 31 and 32

21 Approvals pg 34

22 Financing Provisions for the members pg 34

23 The Application form pg 35

24 Procedure for the Allotment of Sites pg 36

25 Contact details pg 37

26 Disclaimer pg 37

 

The Project Introduction to the Project and site

The overall purpose of the EWF is to see to the welfare of all employees, in all feasible ways, while helping and assisting in the development and improvisation of the quality of Indian life. After all, what better legacy to leave our children, than an integral piece of the last remaining natural resource available to man – land. The EWF has embarked on this ambitious assignment of helping and assisting it’s members to avail loan facilities for procuring pieces of prime property with residential facilities in the city of the future, Bangalore. Post many detailed discussions with a prominent and upcoming Developer, it is proposing through this report to enable employees to easily access and procure for themselves, developed land in the city, while volunteering to work out all the legal and logistical details concerning the same. The site is prime property, located just 18.5 kms away from the HAL circle in Vimanapura, towards the South of Bangalore. It is 6 kms away from the Varthur Police station, 6 kms from Gunjur and it is topographically advantaged. Apart from lush greenery, the site has the potential of becoming one of Bangalore’s prized possessions in the property segment. The site in itself, is approximately100 acres with fantastic views of clean and green surroundings. The layout is within the yellow belt as per the CDP, and can be developed for residential purposes. It is easily accessible from arterial roadways and commutation nodes [Varthur , Gunjur , Sarjapur and the Bangalore City itself ]. Surrounded with proposals of futuristic infrastructure with a 6 lane road connecting to the NH 207, a 4 lane main road connecting to Gunjur and easy access to the Metro line starting from the BIAL, running across Hosakote, Sarjapur and connecting to Electronic City. This site has the promise of becoming a central part of one of Bangalore’s biggest residential hubs. Neighbors to employees who will buy land on this site will be some of Bangalore eminent society, with multiple large scale villa developments, residential layouts, International Residential Schools [ Vagdevi Vilas Int. Res, School ] and even Special Economic Zones [ 282 acres ] having been earmarked and having progressive development begun. Many of India’s industry leaders such as Wipro, ISRO, DRDO, Railways and Infosys are also proposed to develop residential layouts for their employees in the near future, close to this site. Urban Habitat, is a high-end large scale layout development coming up, less than a kilometer away from the site. Asian villa and the Gregorian Park Dale residential layouts among the many other notable names and corporate identities are a stone’s throw away. The ground water table for bore well access is at an average depth of 250 – 300 feet. With the above mentioned development and infrastructure taking shape at a fast pace, this site has been selected and chosen to suit all domestic and professional needs of its occupants. This land is proposed to be developed in 4 phases, each phase having a time duration of 3 - 4 months for complete development. All 4 phases are going to be developed according to the BMRDA norms, regulations and guidelines. Presently the site is addressed at : Koothaganahalli Village, Sarjapura Hobli, Bangalore South.

Page 4

 

BUS ROUTES The Bus Numbers and their routes from the HAL [ Vimanpura ] , to the site are : Bus Nos. : 323-K , 323 , 323-C Route : HAL Main Gate HAL , Kalyanamantapa, Marathahalli, Kundlahalli Gate, Siddapura, Varthur Kodi, Varthur, Gunjur, Mugalur

Page 11

 

Planned Resources and Amenities

Chosen to serve as the perfect culturing medium for families of tomorrow, the vision connected to this project is based on clean and green spaces with Enviro-friendly habitation and planning. All State of the Art infrastructure based facilities are going to be implemented here. The following amenities are part of the basic infrastructure planning of this residential layout. ° Ecologically responsive and environmentally sensitive formation paths, walkways and

internal roadways, with designed underground drainage ° Extensive Macro level rainwater harvesting with the necessary infrastructure for micro

harvesting in the future ° Dedicated Rain water drains and culverts ° Water supplied by the BWSSB ° Under Ground Electrical infrastructure ° Abundant Natural Parks and open spaces with water bodies and play areas ° Metal Roads, Bore wells, Over head Tanks, Purification plants, individual as well as commonly

connected sewage lines, etc. ° Tree avenues, on either sides of the road and all civic amenities The complete layout [in all it’s parts] is being procured and developed as per the rules and regulations of the BMRDA. These are: http://www.bmrda.kar.nic.in/BYE1.HTM

1. Size of Plots No building plot resulting from the sub-division is smaller in the size than 0.4 hectare in the agricultural zone and

50 sq.mtrs. in all other zones. However, the Authority may relax this provision in case of sites formed for E.W.S and

plot sub-divided due to family partitions. 2. Private streets, lanes etc. in residential areas shall confirm to the minimum widths noted below :

Street In Residential Areas

1 Cul-de-sac : 7mt max length 100mts. with sufficient

turning radius.

2 Roads in layouts for E.W.S : 7 mts.

3 Loop Streets :

a Residential streets upto

length of 500 mts.

: 9 mts.

b Residential streets above 500

mts. upto 1000 mts.

: 12 mts.

c Residential streets above

1000mts

: 15 mts.

4 Minor roads :

Page 14

9 mts. to 12 mts.

 

Note: Service or conservancy lanes at the back of the buildings may be permitted only when absolutely

necessary as in the case of Row housing. No residential building shall be allowed to face service lanes

when permitted shall have a minimum right of way of 7 mts.

3. Private streets in sub-division of non residential areas

4. Area For Open Spaces & Civic Amenities

5 Collector roads : 12 mts. to 15 mts.

6 Major roads : 15 mts. to 18 mts.

7 Arterial roads, intermediate

ring roads

: 18 mts. to 24 mts.

8 Ring roads (outer) : 30 mts. to 45 mts.

a Commercial Retail

Others

: 12 mts. width

15 mts. width

b Industrial and other non-

residential areas : 12 mts. width

a) Sanctioning of a layout plan for residential purpose shall be subject to the following

condition.

i. The earmarked for residential sites shall be maximum of 55% of the total

area.

ii. The area earmarked for parks, playground shall be a minimum of 10% of

the total extent.

iii. The area earmarked for Civic amenities shall be a minimum of 5% of the

total extent.

iv. A maximum of 3% of the total area from out of the residential area may be

earmarked for convenience shops on the request of the owners. Such

shops sites shall be located only in one compact sub-block and shall not

be scattered throughout any residential block in the layout.

v. If any area is still available for development in a layout after providing

residential sites, parks and playgrounds and civic amenities as per (i), (ii) &

(iii) above and roads to all the sub divided lands as per Regulation-14 of

the zonal regulations then it shall be earmarked for civic amenities.

Page 15

 

b) Sanction of a layout plan for non-residential purpose shall be subject to the following

conditions:

i. 10% of the total area shall be earmarked for park and civic amenities.

ii. The minimum width of road shall not be less than 12 mts.

iii. 5% of the total area shall be reserved for parking purpose.

5. Civic Amenities

Particulars Population

per unit

Area in hectares

a Educational

facilities

i) Nursery school

(age group of 3 - 6

yrs)

1,000 0.20 ( including play ground)

ii)

Basic primary and

higher primary

school.

(age group 6-14

years)

3,500 to

4,500

1.00 (including play ground)

iii) Higher Secondary

School

(age group of 14-

17 yrs

15,000 2.00 (including play ground)

iv) College 50,000 3.00 to 4.00

(including play ground)

b) Medical facilities

i) Dispensary 5,000 0.10

ii) Health center 20,000 0.40

c) Other facilities

i) Post & Telegraph 10,000 0.15

(Including staff quarters)

ii) Police station 10,000 0.20

iii)

iv)

Religious building

Filling Station

3,000

15,000

0.10

0.50

 

6. Shopping Facilities

Particulars Population per unit Area in Hectare

Neighbourhood and

convenience shopping

(3,000 -15,000

population)

3 shops/ 1,000 persons 10-15 sq.mts. area per

shop

7. Parks, Open Spaces & Play Grounds

Slno Category per unit Population Area in Hectares

1. Tot - lot 500 0.50

2. Children's Park 2,000 0.20

3. Neighbourhood

playground 1,000 0.20

4. Neighbourhood park 5,000 0.80

11. Water Supply, Sewerage, Storm Water Drainage, Street Light, Roads and Electric Supply

The developer /applicant shall make adequate arrangements for water supply, sewerage, provision for drainage,

street light, road and electric supply and furnish details in the Application enclosures as required. 12. Building Lines

Building line means the line up to which the plinth of a building adjoining a street may lawfully extend and

includes the lines prescribed. Building lines as per Public Works Department norms for National and State

Highways, District Roads and other Roads will have to be adhered, to.

13. Note

Page 17

1. If lands on which developments are planned are in violation of existing provisions of the Lands

Reforms Act, Urban Land Ceiling Act etc. no clearance will be given. The applicants should move the

appropriate authorities for legal clearances / exemptions before approaching BMRDA.

2. The approval given by BMRDA will be valid for 2 years if the project is not completed by them,

renewal application will be required to be made.

 

Sites and Costing The layout has been divided into 5 types of sites based on size. These are: 30’ x 40’, 30’ x 50’, 40’ x 60’, 50’ x 80’ and odd sizes [depending on civil demarcations of roads and pathways in the planning and development of the layout] A total of approximately 1000 sites are being proposed. With perseverance and constant negotiation, keeping in mind the best interests of the EWF and it’s members, the present committee has managed to arrive at a price of Rs. 565/sq ft [ Rupees Five Hundred and Sixty Five excluding the registration cost ] as the final selling price for this layout along with an additional 20% of the total, for corner sites. Accordingly, the pricings for the sites are:

Site Size Cost in INR [exc. the reg. cost]

30’ x 40’ 6,78,000 /-

30’ x 50’ 8,47,500 /-

40’ x 60’ 13,56,000 /-

50’ x 80’ 22,60,000 /-

30’ x 40’ corner site 8,13,600 /-

30’ x 50’ corner site 10,17,000 /-

40’ x 60’ corner site 16,27,200 /-

50’ x 80’ corner site 27,12,000 /-

Odd sites -

Page 20

The Employees Welfare Fund, HAL Bangalore Vimanapura Post, Bangalore 560 017

[ Est. 1953 Reg. 1975 ] Information Bulletin No. 113 Date: XX.06.2011 Sir/Madam, Sub : Arranging Loans for the procurement of Residential Plots near Koothaganahalli Village,

Sarjapura Hobli, Bangalore South, Karnataka. A need has been felt to arrange residential layouts for the employee members of the EWF , as they are looking for the same. Adverting to the above, we are happy to inform you that our Employees welfare Fund, HAL Bangalore, is assisted and facilitating the employee members to own BMRDA approved residential sites through a single layout development venture near the Koothaganahalli and Koogur Villages, in the Sarjapura Hobli of Bangalore South, with your overwhelming support. The layout will be developed in a phased manner and the registration of the 1st Phase will be completed by the end of the year 2011. A total of approximately 1000 sites [ of varied dimensions ], comprising a total of 100 acres, are being procured by the Developer and made available to the members of the EWF, HAL, Bangalore, along with financial assistance for loan purposes from financial institutions in which all of which will be completed in 24 months. The Developers are a reputed company, having an established presence all over India and have identified and purchased this land. They are developing approximately 296 sites available for immediate procurement in the said layout as the first phase of his commitment to this venture. The proposed project is prime property, located just 18.5 kms away from the HAL circle, towards the South of Bangalore. It is 6 kms away from the Varthur Police station, 6 kms from Gunjur and it is topographically advantaged. Apart from lush greenery, the site has the potential of becoming one of Bangalore’s prized possessions in the property segment. The site in itself, is approximately 100 acres with fantastic views of clean and green surroundings. The layout is within the yellow belt as per the CDP, and can be developed for residential purposes. It is easily accessible from arterial roadways and commutation nodes [Varthur , Gunjur , Sarjapur and the Bangalore City itself ]. Neighbors to employees who will buy land on this site will be a part of Bangalore’s affluent society, with multiple large scale villa developments, residential layouts, International Residential Schools [ Vagdevi Vilas Int. Res, School ] and even Special Economic Zones [ 282 acres ] having been earmarked and having progressive development begun on them. Urban Habitat, is a high-end large scale layout development coming up, less than a kilometer away from the site. Asian villas and the Gregorian Park Dale residential layouts, among the many other notable names and corporate identities, are a stone’s throw away.

PTO Page 1 of 2

Information Bulletin No. 113 The sites will be available in 5 size ranges: 30 x 40, 30 x 50, 40 x 60, 50 x 80 and odd sizes. The Duration of the Development of each Phase will not exceed 4 months, provided all concerned governmental sanctions are received from all departments. This layout is surrounded by very influential clients and companies, and though the costs are very high, the EWF committee has after strenuous negotiations and discussions arrived at a base price of Rs. 565 / sq ft [ Rupees Five Hundred and Sixty Five only excluding registration costs ] for the benefit and purchase of the members, along with an additional 20% of the total site cost, for corner sites. Interested members may collect the application forms at the EWF office, from the Designated person on submitting a copy of their valid employee ID card and paying a sum of Rs. 300/- per application [ non refundable ] , who will be at his/her desk from 7 a.m. to 3 p.m. on all working days of the HAL. The duly filled application form with 4 months’ salary slips duly authenticated by the concerned payroll officer, along with the employee surety [ the surety is permitted to stand surety for only one applicant ] and his/her 4 months’ salary slips, duly authenticated by the concerned payroll officer, and submitted along with the initial payment of 20% of the actual Sale Consideration of the site applied for. The sites will be allotted after verifying the application and the eligibility of the loan, on a 1st come - 1st serve basis, based on Site dimensions. The decision of the committee is final with respect to the Acceptance or rejection of the Application. On allotment of the sites, the applicant is required to pay 10% of the Sale Consideration of the Site. Loan arrangement will be facilitated by the EWF, for the remaining 70% of the Sale Consideration of the Site, if required. This initial amount can be paid in the form of DDs/Pay Orders/Transfers and Cash drawn in favour of the HAL EWF PROJECTS account, on or before 28.06.2011 All related queries can be addressed to the Designated Officer or the undersigned committee members of the EWF HAL, Bangalore. By Order of the Chairman, For further information, please contact the following designated representatives: Mr. D. Srinivas Mr. Kushalappa A. M. [ Vice Chairman ] [ Secretary ] Mr. Somanna Mr. B. C. Sridhar [ Committee Member ] [ Asst – Secretary ]

Page 2 of 2

 

Benefits The very essence of the EWF lies in selfless servitude. This project reflects the same in all aspects but keeping in mind the business nature of the relationship with the developer, it has been arrived at, on mutual consent that the Developer has agreed to pay Rs. 5/- for every square foot of the sites sold, to the EWF. This amount will go towards a wider range of welfare benefits, programs and ventures for all the members of the EWF.

Communication and Information media All meetings, discussions, decisions and activities of the EWF are commonly discussed and are regularly documented and consequently filed for future reference. With regards to this project, the members of the EWF will be kept informed through regular information bulletins and brochures.

Site Visits Site visits will be arranged for, on alternate days at 3 pm, from the EWF office, and the members will be dropped back to the same office.

Legal Clearances For the purposes of a smooth and efficient flow of all legal work, the EWF has employed the services of established and noteworthy advocates: GKM Associates. As of today, in principle it has been analyzed and understood that the Developer, has acquired the title for the 25 acres of land. The finalized legal opinion is being furnished. The Associates have verified the title deeds of the land and furnished their legal opinion and have also given their clearance to proceed with the project.

Page 28

 

The Developer Siddhi Vinayak Infra Build is a sister concern of Sangani Infrastructure India Pvt. Ltd and the Vyapti Group of companies. (VG) is a professionally managed family owned business, which has helped the group to earn the reputation in the business promoted by Shri Yogesh Bhavsar and Shri Vipul Bhavsar. The group has strategic tie-up with technical and marketing experts and having net worth of Rs. 260 Crores. The VG, established in the year 1987, is involved in infrastructure and real estate development in Gujarat and Bangalore, and has occupied a leading position in a short span of time. The VG has built its credit landmark projects of Farm Houses like Vraj Gardens, Bungalows scheme like Vraj Villa Bungalows, Vraj Homes, Residential Apartments like Hetvee Tower, Himali Tower, Kautilya Apartments, Urmi Duplex, Navkar Duplex, both high rise as well as low rise, and commercial complexes in and around the city of Ahmedabad. The VG has also introduced a land mark Industrial project: the Vraj Integrated Textile Park, near Bareja, Ahmedabad. VG is currently active with land mark projects in Bangalore covering 200 Acres of land, and also having launched 3 projects in the city of Ahmedabad : 160 flats in Vandematram Prime, 170 flats in Vandematram Icon at Gota and 600 flats in Vandematram Empire at Vinzol. The VG has completed projects worth Rs. 135 Crores and is in an advanced stage of completion of projects worth Rs. 400 Crores. Shri Yogesh Bhavsar - Managing Director Shri Yogesh Bhavsar, aged 50, is a Civil Engineer from the L.D. College of Engineering, Ahmedabad. He is the main promoter of the Vyapti Group Siddhi Vinayak Infra Build is also a sister concern of Sangani Infrastructure India Pvt. Ltd. Sangani Infrastructure India Pvt. Ltd. was established in 1988 and has achieved the goals of successfully completing residential apartments, modern integrated townships, commercial properties and shopping malls. Shri Hanubhai Sangani, Chairman, and Shri Rashesh Limbasiya, Director, have seen the company growing through expansion and diversification for last 22 years. They have strived to renew its commitments and developed a work style with which they provide timely execution of projects with world class quality. The company is progressing continuously with steady improvements and transformation and has been able to restore its liability through latest developments while at the same time the company’s mission has been to reach out to the masses with the fulfillment of their needs with integrity, cost effectiveness, trendiness, and style. They are also striving to match the pace of the current flow of aesthetic values and comfort to fulfill people’s dream of cozy homes. The specialty of the group is that they dream big, think big and implement big for a big number of people. They want to reach out to the maximum number of people. The pinnacle of the new project in their mind is going to be true in front of the people of the city, which is a huge number of dwelling facilities having 2200 houses at one go.

Page 29

 

Memorandum of Understanding Salient features [ excerpts ] of the mutually agreed upon

Payment Terms and Conditions between the EWF and the Developer

The Managing Committee of the EWF has approached the Developer, i.e. Siddhi Vinayak Infra Build, to form a layout exclusively for the members of the EWF , nearer to HAL for around 1000 sites. Accordingly, the Developer has identified and purchased Converted land measuring about 25 acres, comprised of various Survey Nos., situated at Kugoor Village and Kuthaganahalli Village, Sarjapur Hobli, Bangalore South. The Residential plots will be sold at Rs. 565/- (Rupees Five Hundred and Sixty Five only excluding Registration costs) per Square Feet of saleable land developed on around 100 acres of land, in a Phased manner as per the norms, approvals and regulations of the BMRDA. A joint measurement of the complete outlined property by the Developer shall be taken with the help of a government approved land surveyor and then the total extent will be arrived at. The total consideration shall then be worked out applying the rate as fixed above, on the saleable area which shall be offered as per the norms and the approvals of BMRDA. The Developer’s mutually agreed upon responsibilities

° The Developer will purchase, acquire and procure this land, develop the same in Phases [ according to all BMRDA rules, policies, sanctions and approved plans ] into a residential layout comprising of viable sites and thereafter, hand over this layout to the EWF for allotment to its members.

° The Developer will pay all the taxes, cess and all other public charges/fees payable to the concerned authorities, till the date of handing over the vacant possession of this layout to the EWF member/nominee.

° All the Costs of Development /sanctions /clearances connected to this residential layout development project, shall be borne by the Developer.

° All the relevant approvals for the Development of Raw land from the BMRDA shall be obtained by the Developer

° The Developer will produce all the documents of title deeds of this layout including receipts, khatha Revenue documents etc., as well as the latest nil Encumbrances certificates to the Advocate of the EWF. GKM Associates [ legally representing the EWF ] will be given a time of 3 weeks to study all documents and give his consent to the Developer to proceed further.

° The Developer will pay a sum of Rs 5/- (Rupees Five Only) per square feet of land bought by the EWF members/nominees from the Developer, to the EWF.

Page 31

 

The EWF’s mutually agreed upon responsibilities ° The Developer is required to register this MOU before the sub-registrar and handover the

original sale deed of land on which the layout is proposed to be formed or the developer can provide a Bank Guarantee for the exact amount received.

° The balance Sale consideration of the each developed plots shall be payable to the Developer, by arranging loans, at the time of the Sale Deed being executed in favor of the EWF member/nominee.

° All payments to the developer are subject to the acquisition of the respective pieces of property, being completed and registered by the Developer in the name of the EWF member/nominee.

° All payments from the EWF to the Developer will also be subject to the erection of sign boards on the acquired pieces of land effectively communicating the mutual understanding between the developer and the EWF that this land has been agreed to be sold to the members /nominees of the EWF, HAL Bangalore.

° The EWF has 15 days from the handover of the payment, to procure the advance amount from it’s members after which the Developer is at liberty to encash the amount, after having given an advance intimation of not less than 2 weeks to the EWF

° Details concerning the payments of the remaining 3 phases are :

- 30% of the total sale consideration, on completion of the acquisition of the converted land as per the Second Phase of land development and on the submission of the original sale deed to the EWF.

- The developer shall register the sale deed for 60% of the Residential sites released by the BMRDA to the EWF members/ nominees on the receipt of 70% of the site price, by arranging the loan.

- The balance of 40% of the site will be registered through the sale deed to the EWF member/nominee after the release of the site by the BMRDA on receipt of 70% of the site price, by arranging the loan.

° The EWF has inspected the land through their authorized team. ° All stamp and registration charges shall be borne and paid for by the EWF member /

nominee. ° The EWF shall be responsible for ensuring the total sale of the project through its members

and also the complete purchase of the project

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Approvals While the EWF dedicates all it’s time to the pursuit of activities and programs for it’s members, it does not at any time, ignore the fact that there exists a system of hierarchy and order, through which the machinery of this institution has been successfully running all this while. Accordingly, all the necessary approvals form the concerned person[s] have been regularly obtained and filed for all future reference purposes. From it’s first proposal, this assignment has been regularly approved of by the concerned HAL management representatives. It has been re-confirmed and re-established as an approved project, ready to be executed.

Financing for Members

All intricacies of the many financial transactions that are proposed to happen concerning the sale of lands to members via this Project, between the developer and the individual members of the EWF have been discussed in detail with many relevant Banking Institutions. While many nationalised and scheduled Banks are being approached, the State Bank of Hyderabad and the Punjab National Bank have very graciously accepted our proposal in principle and have come forward to sanction loans for the procurement of these sites, along with loans covering the construction of residences on these same site, if need be.

Page 34

 

Allotment of Sites Introduction

The EWF has programmed a set of systems and procedures by which the process of issuance of applications and thereafter verification and acceptance of the application and allotment of sites to the eligible employees / members and also registration of the sale deed to them can be effectively achieved. Procedure 1. Issuance of Application Forms

The employee members who are desirous to apply for Residential sites, may collect the application by paying Rs. 300/- in cash from the Designated Person from the office of the EWF, on any working day of the HAL, on or before the 23rd. of June, 2011.

2. Receipt of Filled Application

The duly filled in Application form with the relevant documents enclosed, such as the salary slips [ 4 months – duly attested by the concerned payroll officer ] may be submitted to the designated person in the office of the EWF along with the initial payment for the purchase of the site.

3. First Come – First Serve Basis

The receipt of the completed application along with initial amount of 20% of the Sale Consideration with the date and time - will be the basis on which the chronology of the Application will be decided.

4. Loan Approval from the Bank

EWF members who would like to avail loans from financial institutions / banks may submit the application form for the same issued by the concerned financial institutions / banks and submit the duly filled in application form along with the relevant documents for verification and sanction of site purchase loan from the concerned financial institution / bank

5. Issuance of the Allotment Letter On the receipt of 30% of the Sale Consideration area from the successful applicant, the Developer will issue the Allotment letter to the applicant.

6. Registration Sites will be registered to the EWF members / nominees through absolute sale deed on the receipt of the entire sale consideration.

7. Certificate issued on Registration

On the registration of the site, the Developer will issue the Possession Certificate and No Objection Certificate to the EWF members / nominees for the site registration in his / her name.

Page 36

 

Contact Details: The Employees Welfare Fund – HAL , Bangalore Sri. A. Premanand - Chairman Sri. D. Srinivas - Vice Chairman Sri. Kushalappa A. M. - Secretary Sri. B. C. Sridhar - Asst Secretary Sri. Shashank Kumar Tripathi - Treasurer Sri. Somanna - Committee Member Sri. Ramachandraiah - Committee Member Smt. B. Bindu - Committee Member Available at : The Employees Welfare Fund , HAL , Bangalore Vimanapura Post, Bangalore 560 017 Email : ewfhalbc@yahoo.com Phone: +9180 22322730 [ direct ] Disclaimer This document is for private circulation only, not meant for re-circulation. Any form of reproduction, dissemination, copying, disclosure, modification, distribution and/or publication of the design brief and/or it’s contents is strictly prohibited. The information, imagery, drawings, data contained herein are subject to change and deviation as may seem fit by the EWF – HAL , Bangalore or required/approved by the authorities. All art renderings, illustrations, pictures, photographs and other graphic representations and references in this project report are impressions only. The areas and dimensions are approximate and are subject to final surveys. In no circumstance should the contents be used or considered as an offer to sell or solicit any offer to buy or sell the project[s] mentioned herein. The contents are solely meant for information purposes only and can and should not be substituted for any specific commercial information. The Employees welfare Fund – HAL, Bangalore disclaims all responsibility and accepts no liability whatsoever for the consequence of any person acting and / or refraining on acting on information contained herein. Any dispute is subject to the exclusive jurisdiction of Courts situated in Bangalore – India. If this document has been received in error, please notify us immediately on: +9180 22322730

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