Ireo Waterfront Plots LudhianaSpread over 500 acre of land comprised of multiple residential developments such as plots, group housing, row housing and villas in Ludhiana Brought to you by Aukeva, Official Channel Partner for Ireo in the USA and India For more information: 98712.23021 (India) 925.415.9151 (USA) firstname.lastname@example.org www.aukeva.com
About IREO WaterfrontWaterfront Ludhiana is Ireo’s prestigious integrated township development spreadover 500 acres of land. Designed by an international architect, this new agedevelopment shall comprise of multiple residential developments such as plots, grouphousing, row housing and villas. The Lifestyle of Waterfront residents will be supportedby well conceived street architecture and social & recreational infrastructure such asretail, schools, healthcare, entertainment, green spaces and a signature lake complexspread over 13 acres. Apart from a large manmade lake, the lake complex shall havemanicured landscapes along with a premium club to be managed by an internationalchain.
LocationThe main approach of the township is on the Sidwan Canal Road which is one of themost promising growth vectors of Ludhiana. In the vicinity are several developed andupcoming premium residential developments. While the main entrance is on theSidwan Canal Road, the township also enjoys an access from the Ferozepur Road.Please find attached the location map.
Development UpdateActive development works are in process at the township site with visible progress onroad infrastructure, services, construction of villas, landscaping works, etc. Goingahead, the progress of works is expected to gather further momentum in 2012.
The Investment ProposalA. Payment Plan:On Booking - 10% of BSP +EDCWithin 45 days - 90% of BSP +EDCOn Possession or 24 MonthsWhichever is later - Power back-up charges + IFMSDB. Special Price:For 200, 300, 500 sq.yds. - 20% discount on BSP. Revised BSP - 16600/- per Sq. Yd. Other charges (incl. Power back-up, EDC, IFMS) shall be as mentioned above.Upon receipt of the stipulated payment within 45 days, the developer shall execute a PlotBuyer’s Agreement which shall contain ‘The Assured Appreciation Option’.
C. Assured Appreciation Option 1 Plots Sizes 200,300,500 Sq. Yd. 2 Financial Terms at CLP 2a Current BSP Rs 20750 Per Sq.yds Construction Linked Installments 2b Power Back-up Charges Rs 1000 Per Sq.yds Payable at Possession 2c EDC IDC Rs 1000 Per Sq.yds Construction Linked Installments 2d Maintenance Deposit Rs 350 Per Sq.yds Payable at Possession 3 Financial Terms at Assured Capital Appreciation Scheme 3a BSP - Discount @ 20% Rs 16600 Per Sq.yds 10% at Booking Balance Payable in 45 Days 3b Power Back-up Charges Rs 1000 Per Sq.yds Payable at Possession 3c EDC IDC Rs 1000 Per Sq.yds 10% at Booking Balance Payable in 45 Days 3d Maintenance Deposit Rs 350 Per Sq.yds Payable at Possession 4 Surrender Option after Rs 24640 Per Sq.yds BSP + EDC @ 40% appreciation 24 months of
C. Assured Appreciation OptionAt the end of 24 months (after payment of BSP and EDC), the investor / buyer shall have theoption to surrender the plots back to Ireo in lieu of which Ireo shall pay a consideration @ Rs.24640/- per Sq. Yd.. This means an appreciation of 40% over the consideration paid by theinvestor/buyer in 24 months.
D. Exercise of Option by Investor/ Buyer1. Surrender Option with Appreciation - At the end of 23 months, whereupon Ireo will completethe payment at the end of 24 months.2. Option to Retain the Plot - At the end of 23 months. In the event that the investor/ buyerthinks that it is advantageous to retain the plots, he may do so by choosing such an option at theend of 23 months.
E. The proposed Modus Operandi shall be as follows:A. At Booking : Payment of 10% of Discounted BSP + 10% of EDC @ RS 1000 Per Sq.yds : Ireo to bank the cheque and issue a ‘Receipt’ Cum ‘Priority No.’ : Execution of our standard Application FormB. After 45 Days : Payment of 90% of Discounted BSP + 90% of EDC @ RS 1000 Per Sq.yds : Allotment of Specific Plot No : Execution of Plot Buyer’s Agreement containing “Surrender Option Clause”C. After 24 Months : Plot Buyer may exercise the option to either (a) “Retain” the plot and thus forego the ‘Surrender Option’ (b) “Surrender” the Plot and ask for refund plus appreciation @20% simple interest p.a. : Upon receipt of ‘Surrender Option’ Ireo shall pay the above-mentioned amount withina period of 90 days. The appreciation shall be calculated @ 20% simple interest p.a. for the duration ofinvestment i.e from the date of completing 100% payment till the date of issue of refundcheque.
Ireo Waterfront Plots LudhianaSpread over 500 acre of land comprised of multiple residential developments such as plots, group housing, row housing and villas in Ludhiana Brought to you by Aukeva, Official Channel Partner for Ireo in the USA and India For bookings or more information: 98712.23021 (India) 925.415.9151 (USA) email@example.com www.aukeva.com