Memorandum of Understanding

Memorandum of Understanding (MOU) is made and executed on this the 14th day of March,
2024
BETWEEN
M/s. Maheshwari Infratech Pvt. Ltd. (hereinafter referred to as the Seller Company), a
company incorporated under the Companies Act, having its registered office at A-6 Ground
Floor, Yojana Vihar Delhi 110092, through ________ who has been duly authorized in this
behalf by the Company vide Board resolution dated _____________
And
Shriyani Datta, D/o Mohan Kumar Datta, R/o C-335, Sarita Vihar South Delhi 110076 (Adhaar
No. 2537 9715 8872 (hereinafter referred to as the Allottee/Buyer)
AND WHEREAS the Seller Company is engaged in the construction of Commercial, named and
styled as “U:Fairia” at C-04A Sector 16B Greater Noida West UP 201318 Vide Lease Deed dated
31 March 2016, executed by Greater Noida Authority. The consists of commercial shops, Studio
Apartments, Multiplex and other commercial amenities.
WHEREAS the said allottee after going the maps, layout plans and other approvals by the Greater
Noida Authority has applied for a commercial space the Seller Company.
AND WHEREAS the Allottee on such application form has been allotted a Studio Apartment in
the project of the Seller company, Allotment Letter dated 19 March 2024, and the Allottee has
been allotted Unit No. RF-0712 (hereinafter referred to as the Unit) on certain terms and
conditions which are being enumerated hereunder:
NOW THIS MOU WITNESSETH AS FOLLOWS:
1. The total Sale consideration of the unit is fixed at Rs ______________ (_________________ only).
2. The Allottee herein undertakes to abide by the Payment Plan, which is annexed as Annexure
A to the present MOU.
3. That the Seller Company subject to timely payments by the Allottee shall be to pay an amount
of Rs 28,000/- per month as assured returns to the Allottee after deduction of applicable TDS
for the first two years as after that the same shall be payable as per actual rent subject to
deduction of TDS;
4. That the Seller Company shall pay the Assured returns subject to the Allottee adhering to the
Payment Plan, ie 25% of the total Sale Consideration on Allotment and 75% of the total Sale
consideration on with days of the Allotment. In case, the payment of 75% is not made as per
payment plan, the assured return shall be immediately discontinued. The Seller company

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 shall not be under any obligation to notify the Allottee of the discontinuance of Monthly
Assured Returns;
5. That the Seller Company further undertakes that the assured returns shall commence after
a period of four months since the date of Allotment, as the period of four months shall be
termed as Fit Out Period;
6. That the parties to the present MOU have executed the present understanding of their own
independent decision and free volition and without any coercion, force or undue influence
and the parties undertake to abide by the terms and conditions of the present MOU and shall
not indulge any act which shall lead to its breach
7. That in the event of any disputes between the parties to the present MOU, the courts at New
Delhi shall have the jurisdiction to decide such disputes.
IN WITNESS WHEREOF the SELLER COMPANY and the Allottee have signed this Memorandum
of Understanding on the ___day of _____, 2024 herein above mentioned in the presence of the
witnesses:

WITNESSES:

1. SELLER/COMPANY

2. ALLOTTEE