THE Summit

The Summit

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The Summit - Payment Plan

PRICE LIST AND PAYMENT PLAN
Basic Sale Price	Rates as applicable on the date of booking
Down payment rebate	6.5% of Basic Sale Price
Preferential location charges	As applicable
Interest bearing maintenance security (IBMS)	Rs. 50/- per sq. ft.
Cost of parking (PER SLOT)	Rs. 3,00,000/-

DOWN PAYMENT PLAN
On application for booking	15% of the Sale Price
within 30 days of booking	76% of the Sale Price +100% Parking Cost + 100% of PLC (See note 5)
On receipt of occupation certificate	2.5% of the Sale Price + IBMS + Stamp Duty

TIME BOUND INTEREST-FREE INSTALLMENT PLAN
Linked Stages	Payment
On Booking	15% of the Sale Price
within 2 months of Booking	10% of the Sale Price
Within 4 months of Booking	10% of the Sale Price
Within 6 months of Booking	7.5% of the Sale Price + 50% of Parking cost + 50% of PLC (See note 5)
Within 6 months of Booking	7.5% of the Sale Price + 50% of Parking cost + 50% of PLC (See note 5)
Within 6 months of Booking	7.5% of the Sale Price
Within 6 months of Booking	7.5% of the Sale Price
Within 6 months of Booking	7.5% of the Sale Price
Within 6 months of Booking	7.5% of the Sale Price
Within 6 months of Booking	10% of the Sale Price
Within 6 months of Booking	10% of the Sale Price
On application of Occupation Certificate	5% of the Sale Price
On receipt of Occupration Certificate	2.5% of the Sale Price

Notes
1.	The above price is inclusive of External Development Charges (EDC), pro-rated per apartment as applicable to this Group Housing site. In case of any upward revision thereof by the Govt. agencies in future, the same would be recovered on pro-rata basis.
2.	Prices are Escalation Free but subject to revision/ withdrawal without notice at Company's role discretion. No extra charges will be leviable, except due to change, if any, on account of Fire Safety norms or upward revision of EDC (note 1) by the Govt. of Haryana.
3.	The rebate for early payments shall however be subject to change from time to time and is presently @7% per annum.
4.	Each apartment would be provided with a power back-up of 10 KVA approx. in THE SUMMIT
5.	Two car parkings along with an apartment is essential. This payment along with PLC payments shall be made in two equal installments along with 6" and 9" months installments.
6.	The yearly simple interest payable on IBMS shall be determined by the company as per the applicable rates on Fixed Deposits accepted by State Bank of India at the close of each financial year on 31st March.
7.	Stamp duty & Registration charges shall be payable along with the last installment as applicable.
8.	The Company would pay penalty to its customers @ Rs. 5 per sq. ft. per month for any delay in handling over the product beyond the committed period of three years from the date of execution of agreement. Similarly, the customer would be liable to pay holding charge @ Rs. 5 per sq. ft. per month if he fails to take possession within 30 days from the date of issuance of intimation about possession.
9.	Housing loans with tenures of up to 15 years repayment are available directly from various Financial Institutions
10.	Prices are w.e.f. 18th November, 2004.
11.	Prices indicated above are subject to revision from time to time, at the sole discretion of the Company.
12.	Prices terms and conditions stated herein are merely indicative with a view to acquaint the applicant and are not exhaustive. Fore detailed Terms and Conditions please refer to the application form and Apartment Buyer's Agreement.

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