Date: ______

To, The Chairman / Secretary,

Mangal Aradhana, Almeida Park,

Bandra (West), Mumbai 400 050.

Sub: Proposal for Redevelopment of your esteemed Society.

Dear Sir/Madam,

We have been given to understand that your society intends to redevelop the existing
structure. We take this opportunity to express our intent & interest in undertaking the
project.

In line with the changes in the market trend and the implementation of the new DCPR rules,
the existing members get several benefits & stand to gain in terms of additional fungible FSI
Our offer for the redevelopment proposal will cover the following.

Our offer includes: -

 Additional Carpet Area.

 Corpus Fund.
 Compensation for Rent & Relocation Expenses.
 Amenities.

We hereby list the benefits and advantages to the society in redevelopment as per the
guidelines of Maha RERA. Details of the terms are proposed in our Offer Letter.

Looking forward for a mutually beneficial relationship.

Thanking you,

Yours faithfully

For KIRAN LIFESPACES LLP

 PROPOSAL FOR REDEVELOPMENT

We are pleased to submit our proposal for the redevelopment of your society _________ as
under and look forward for a positive response.

WE PRESUME

The proposal contained herein is based on the following basic information available:

a) Plot Area ____Sq. mtrs. (As per Information given).

b) Consent The Managing Committee holds consent of all the members for Redevelopment
and that the title of individual members is clear and marketable.

c) Existing carpet area As per the information shared, the total existing carpet area
occupied by the members is not more than 1 FSI as per the approved plans including
balconies etc., if any. The additional areas, compensation of rent & corpus amount will be
based on this carpet area.

d) Previous offers It is assumed that all offers received or agreements entered into by the
society previously with any person(s), firms, company is null & void and has no binding.

e) Governing Body The building is abutting a 12.2 mtr wide road. Hence the same will be
built as per the plan approval as per proposed DCPR 2034 with the applicable FSI of 2.2
(minimum) plus fungible area @ 35%.

f) Saleable Flats It is assumed that the flats for free sale, available post the redevelopment,
are on the upper floors with internal plans suitable for sales.
In view of the above facts we would like to propose the following key features:

a) Additional area We will provide free of cost additional RERA carpet area of 28% on the
existing / useable carpet area of each flat as per the approved plans The provisions of
section 2 (k) of MahaRERA applicable for the definition of RERA carpet area in the proposed
new redeveloped building.

b) Compensation for Rent We are aware that time is of great essence for the project. We
agree to compensate the existing members for shifting to temporary alternate
accommodation with a sum of Rs.______ per sq. ft. per month on the existing carpet area
with increment of _____ per year, from the date of handing over vacant possession of their
flats for demolition till the handing over of peaceful possession of the respective new flats.
The Compensation for the period of first 6 months and PDCs for the balance shall be paid
prior to the members providing vacant possession of the building.

c) Relocation Expenses Each member will be reimbursed with a onetime shifting allowance
for convenience to transport belongings, to & fro, for Rs. _____/-

d) Project Completion Period The redevelopment will be completed within a period of 24

months plus a grace period of 6 months from the date of handing over vacant possession of
the member flats.

e) Corpus We offer to pay the existing members sum of Rs. ____ (Rs.
________________Only) per sq.ft. on the existing carpet area as corpus fund.

f) Car Parking All Existing Members will get 1 car parking. Rest all spaces will belong to us.

g) Taxes We shall adhere to all the norms as per the MahaRERA Regulations. All the
necessary purchase of TDR etc. by paying the requisite premiums & stamp duty liable to be
paid on the Development Agreement shall be bome by us.

h) Other Expenses During the period of reconstruction the common electricity and water
charges will be borne by us also the land under construction tax (LUC).
i) Amenities As per our repute, the specifications for your redeveloped building will be of
superior quality with modern amenities. Copy of the detailed sheet attached herewith.

j) Contractors to the Project We work with reputed professionals with tremendous

experience and success in their respective fields. In addition we have a full fledged in house
architectural and engineering set-up to assist in the execution of projects.

On approving our proposal & appointing us as the developer for the redevelopment of your
society building, we would require a period of minimum 6 months to take the possession of
the existing building, since several mandatory approvals have to be sought from various
authorities

AND YOU GET

The end product will be truly a dream come true. The members will enjoy a brand new
building which will be structurally strong and architecturally appealing, with striking
elevational features making it a land mark in the changing landscape of the suburbia. We
assure you that the front elevation, entrance lobby and the entire building will have a high
end look as we give due importance to aesthetics.
PLEASE NOTE

a) Mandate The society has a mandate from all the members in writing and has passed all
necessary resolutions for carrying out redevelopment of the premises. No single member
shall be entertained by us.

b) Cooperation The society shall cooperate and provide all necessary documents required
from the society and all its members for redevelopment.

c) Validity The above offer is valid for a period of 90 (Ninety) days from the date of this offer
letter.

This offer letter is without any prejudice.

We look forward to be associated with you and shall be available to serve you should you
require any further information.

Thanking you,

Yours faithfully,

For KIRAN LIFESPACES LLP

 Amenities in Proposed Building

 Design & Structure

 World Renowned Architects will be engaged.
 Grade A Structural Engineers will be engaged.
 Leading contracting company shall be engaged.
 Earthquake proof RCC structure (Seismic design Zone IV).
 Interior layout to provide maximum sunlight & ventilation with minimum wastage of
areas.
 Attractive elevation facade with long lasting paint finish.

 Interiors

Flooring

 Elegant Marble or Similar Material in the entire flat.

Bath & Toilet

 Fully done-up bathrooms with appealing washbasin counter fitted with designer
fittings of reputed brands like Jaguar, Kohler etc.
 Instant Geyser hot and cold water divertor, shower-panels, and a clearly
demarcated dry and wet area.
 All plumbing work of concealed type.
Kitchen

 Granite Kitchen platform, stainless steel sink with hot & cold water provision and
Chrome plated Taps.
 Designer tile cladding along the full length of the platform up to the ceiling/beam
height
 Exhaust fan outlet in kitchen.
 Piped gas connection as per MGL Plan after OC

Walls & Roof

 POP/Gypsum finished walls and roofs with lustre paint for all interior wall surfaces

Doors & Windows

 Anodized sliding window systems with molded marble framing and fitted with glass
as per elevation facade.
 Entrance door of polished teakwood/veneer finish with molded teakwood framing.
 fitted with Godrej/equivalent make night latch and good quality brass/chrome plated
fittings
 All bedroom and toilet doors of polished teakwood.

Electrical Fittings

 Adequate electrical points with concealed copper wiring of reputed ISI brand,
modular switches of Anchor Roma/Legrand/Crab tree/Havell.
 Telephone and cable connection points in entire flat
 General Amenities

 Elegant air-conditioned entrance lobby with Imported Marble flooring

conceptualized by a leading interior designer.
 Modern elevators of reputed make, such as (Otis, Mitsubishi, etc.).
 Granite/Marble flooring in entire common areas.
 Security access system with intercom connectivity with CC TV.
 Cabin for Security Personnel at compound gate.
 Landscaped compound with inter-locking pavers/tiles.
 Pest control treatment at foundation stage.
 Washroom for servants/drivers.
 Rain water harvesting as per MCGM guidelines.
 Bore well for Flushing and Other purposes.

 Additional Amenities

 Gymnasium as permissible.
 Recreational Sky Deck Part.
 Recreational Green Space.
 Area for Indoor Games (Table Tennis / Carom).
 Wireless Internet Connectivity across all common areas within the building.
 Building Community Management Portal.
 Building Automated services for convenience.