YAMUNA EXPRESSWAY INDUSTRIAL

DEVELOPMENT AUTHORITY
First Floor, Commercial Complex, Block – P-2, Sector-Omega-I,
Greater Noida – 201308
District – Gautam Budh Nagar (UP)
Ph: 0120-2395152 / 57, Fax: 0120-2395150,
Website: www.yamunaexpresswayauthority.com

APPLICATION FORM FOR ALLOTMENT OF LEFT-OUT

INDUSTRIAL PLOTS
(Upto 4000 SQ. MTRS)

SCHEME CODE : YEA/IND4000(2018)-05

(Left-Out Industrialplots in sector 32/33)

Date of Opening : 01.08.2018

Date of Closing : 31.10.2018

Date of draw : 15.11.2018

ALLOTMENT OF INDUSTRIAL PLOTS

(For Non Polluting Units)

1
Table of contents

Abbreviations:............................................................................................................................... 4
Preface........................................................................................................................................... 4
Data Sheet .................................................................................................................................. 5/8
1 Section I: Instructions to the Applicants .................................................................................... 8
1.1 Definitions ............................................................................................................................. 8/9
1.2 How to apply .......................................................................................................................... 11
1.3 Language ............................................................................................................................... 11
1.4 Applicant’s responsibility ........................................................................................................ 11
1.5 Documents required with Application Form ............................................................................ 11
1.6 Allotment process .................................................................................................................. 12
1.7 Extension of time limit for deposit of Allotment Money ........................................................... 13
1.8 Payment schedule ................................................................................................................. 13
1.9 Change in the name of applicant ............................................................................................ 14
1.10 Change of Project/Addition of new product ........................................................................... 14
1.11 Unsuccessful applicants........................................................................................................ 14
2 Section II: Special conditions ................................................................................................. 15
2.1 Implementation ...................................................................................................................... 15
2.2 Functional Certificate ........................................................................................................ 15/15
3 Section III: General terms and conditions ............................................................................... 17
3.1 Execution of Lease Deed ....................................................................................................... 17
3.2 Lease Rent ............................................................................................................................ 17
3.3 Location charges.................................................................................................................... 17
3.4 Possession of the plot ............................................................................................................ 17
3.5 Variation in actual area of allotted plot ................................................................................... 17
3.6 Surrender ............................................................................................................................... 17
3.7 Change in Constitution ...................................................................................................... 18/19
3.8 Construction........................................................................................................................... 20
3.9 Maintenance .......................................................................................................................... 20
3.10 Mortgage............................................................................................................................... 21
3.11 Transfer of Plot ................................................................................................................ 21/22

2
3.12 Misuse, Additions, Alterations, etc......................................................................................... 23
3.13 Indemnity .............................................................................................................................. 23
3.14 Liability to Pay Taxes ............................................................................................................ 23
3.15 Overriding Power over dormant properties ............................................................................ 23
3.16 Cancellation .......................................................................................................................... 24
3.17 Restoration ........................................................................................................................... 24
3.18 Amalgamation and sub-division ............................................................................................ 25
3.19 Other Clauses .................................................................................................................. 25/25
4 Annexures ..................................................................................................................................................
4.1 Application form ................................................................................................................. 27-28
4.2 Financial statement of turnover .................................................................................................................... 29
4.3 Financial statement of Networth ................................................................................................................... 29
4.4 Liquitity certificate .............................................................................................................................................. 30
4.5 Annexure A.......................................................................................................................................................... 31
4.6 Annexure B ……………………………………………………………………………………………32
4.7 Annexure C ……………………………………………………………………………………… .. 33/37

4.8 Annexure D……………………………………………………………………………………………..38

4.9 Annexure E……………………………………………………………………………………………..39

3
Abbreviations:

CEO Chief Executive Officer

CIC Change in Constitution
FAR Floor Area Ratio
FDR Fixed Deposit Receipt
GC General Conditions
GPA General Power of Attorney
LLP Limited Liability Partnership
NGT National Green Tribunal
NoC No Objection Certificate
NSC National Savings Certificate
ROC Registrar of Companies
SARFAESI Securitization and Reconstruction of Financial Assets and Enforcement of Security
Interest
SC Special Conditions
SPC Special Purpose Company
YEIDA Yamuna Expressway Industrial Development Authority

Preface
The scheme document is applicable for allotment of Industrialplot having area up to 4000 sq mtrs. in the
areas identified by Yamuna Expressway Industrial Development Authority (herein referred to as ‘YEIDA’ or
‘Authority’ or ‘Lessor’).
Applications are invited for allotment of plots to establish Industrial units in the area of YEIDA.The list
of available plots is annexed as Annexure- D

4
 Data Sheet
# Head Details

1. Date of issue of the scheme brochure Through online Downloadable from 01.08.2018

2. Date of closure of the scheme/last date 31.10.2018

of submission of application form

3. Contact person, designation and contact Mr. Alok Nath

details (address and phone nos.) in the Assistant General Manager Industry
Authority office
Mob. No. 8448298733
Email Id- queries@yamunaexpresswayauthority.com

4. Allotment method for the scheme Through draw of lots

5. Availability of scheme brochure Downloadable from the Authority’s website

www.yamunaexpresswayauthority.com

6. Eligible entities a) Individual

b) Proprietorship Firm
c) Registered Partnership Firm
d) Limited Liability Partnership Firm
e) Registered Trust
f) Registered Society
g) Private Limited Company
h) Public Limited Company
i) Public Sector Undertaking
j) Govt./ Semi Govt. undertaking/ Department
Note: Consortium of any kind is not allowed

7. Purchase cost of the scheme brochure Not applicable

8. Processing Fee Non-refundable/non-adjustable processing fee ofINR15,000/-

(Fifteen Thousandonly)plus applicable GST shall be deposited
through online portal of YEIDARTGS/NEFT in the following banks:-
Sr. Name & Add. of the Account No. IFSC No./Code
No. Bank

1. Oriental Bank of 08982151022 ORBC0100898

Commerce, Sector 020
Gama-I, Jagat Farm,
Greater Noida

2. ICICI Bank, Sector 00310122078 ICIC0002183

Omega-I, Greater Noida. 5

3. HDFC Bank, Sector- 02781000029 HDFC0000278

Alpha-I, Commercial 714
Complex, Greater Noida.
a. HDFC Bank, G-
Block, Sector-18,
Noida
b. HDFC Bank, H-
Block, Outer circle,
Cannought place,
New Delhi.

5
# Head Details

9. Registration money for allotment of plot Adjustable/refundable amount equal to 10 percent of total Premium
of the plot for which application is being submitted. The amount shall
be deposited through online portal of YEIDA RTGS/NEFT in the
following banks:-

Sr. Name & Add. of the Account No. IFSC

No Bank No./Code

1. Oriental Bank of 0898215102202 ORBC0100898

Commerce, Sector 0
Gama-I, Jagat Farm,
Greater Noida

2. ICICI Bank, Sector 003101220785 ICIC0002183

Omega-I, Greater Noida.

3. HDFC Bank, Sector- 0278100002971 HDFC0000278

Alpha-I, Commercial 4
Complex, Greater Noida.
a. HDFC Bank, G-Block,
Sector-18, Noida
b. HDFC Bank, H-Block,
Outer circle,
Cannought place, New
Delhi.

10. Allotment Money 30 percent of total Premium/cost of the plot after adjusting
registration money within 60 days of issuance of Allotment Letter1
without interest.
Applicant would have an option to pay full and final payment of the
total Premium of the plot within 60 days from the issue of Allotment
Letter. In such a case,2 percent rebate will be given on the total
Premium of the plot.
In case the due Allotment Money, as mentioned above, is not
deposited within the stipulated period/extended period, the allotment
of plot shall be cancelled, and 10% money deposited as registration
amount shall be forfeited.

11. Payment instalment for the allotted plot The payment of70% premiumshall be made in 16 (sixteen) equal half
yearly installments along with interest at a rate of 10.50% per
annum. The first such installments will come due first, after six month
of the date of issue of the allotment letter. It is clear that in case of
default in payment as per schedule, an additional penal interest
@3% compounded half yearly with applicable GST shall be payable
along with 10.50% +3% =13.50% p.a. on the defaulted amount and
for the defaulted period. It shall be the responsibility of the allottee to
deposit the due installment on due time. If the last date of deposit is
a bank holiday, then the allottee shall deposit the installment on the
next working day and it shall be treated as last date of deposit.
Note: No moratorium period shall be allowed to the Allottee for
payment of installments or interest payable on the Premium.

1
60 days will include the date of issue of Allotment Letter and deposit of Allotment Money

6
# Head Details

12. Mortgage permission fee INR 5,000/- only

13. Transfer charges 5% (Percent) of the prevailing Premium amount of the plot at the
time of application of transfer of the plot.

14. Period of lease The allotment of plot will be made on leasehold basis for a period of
90 years from the date of execution of Lease Deed.

15. Location charges In case the allotted plot is located on 30 mtr. or more wide roads or
corner plot or plots facing the green belts/parks, the location
charges shall be payable by the allottee/lessee @5% of the total
premium for each preferential location subject to a maximum of 15%
of the total land rate, before execution of the lease deed in lump
sum.

16. Possession of the plot i) After execution and registration of Lease Deed by the office of
Sub Registrar, Possession of allotted plot by YEIDA will be
handed over to the Lessee.
ii) Execution and registration of Lease Deed can be done only
after a minimum payment of 30%of Premium and one year
Lease Rent, in advance.
iii) For the purpose of calculation of payment of Lease Rent and
other statutory or scheme compliance, possession would be
deemed to be handed over from the date of execution and
registration of Lease Deed. In case the Lease Deed is
executed before 60 days, the date of execution shall be
deemed as the date of taking over possession and all above
mentioned charges will be calculated from that date.

17. Amalgamation or Sub division of plot No Amalgamation or sub-division shall be allowed on the allotted
plots. The Allotteeshall be solely responsible for the
development/construction of all proposed activities as approved by
the Authority.

18. Norms of development i) Norms related to permissible FAR, Ground Coverage,

setbacks and permissible height shall be as per the applicable
building regulations of YEIDA.
ii) Other norms for development/construction shall be as per the
applicable Building Regulations of YEIDA.
iii) No purchasable FAR shall be allowed.

19. Permissible development activity List of permissible industries are enclosed at Annexure-C

20. Rate of allotment Rate of allotment shall be Rs. 6,405 per sq mtrs. and subject to
amendment before allotment.

21. Rate of annual Lease Rent i. In addition to the Premium of plot, annual Lease Rent at the
rates of 2.5% of the total Premiumof plot, would be payable
in advance. The Lease Rent is payable from the due date for
the execution of the Lease Deed or the date of possession,
whichever is earlier.
The Authority has the power to enhance the annual Lease
Rent on expiry of every 10 years from the date of execution
of the Lease Deed and/or handing over of the possession

7
# Head Details
whichever is earlier, by an amount not exceeding 50% of the
annual Lease Rent payable at the time of such
enhancement.
ii. Consequences of default in payment of Lease Rent: In case
of default in payment of Lease Rent, interest @ 13.50% p.a.
shall be charged on the defaulted amount for the defaulted
period compounding half-yearly.
iii. One time Lease Rent: The Allottee/Lessee shall have the
option to pay a lump sum amount equivalent to 11 times, of
the prevailing annual Lease Rent (27.5% of the total
Premium of plot) at the time of deposit of one time Lease
Rent in lump sum. The Lease Rent policy, as amended from
time to time, shall be binding on the Allottee/Lessee.
iv. If the Allottee opts for the payment of one time Lease Rent,
the payments made towards annual Lease Rent earlier shall
not be considered while computing the amount of one time
Lease Rent. If the payments of due annual Lease Rent have
not been made, they shall be paid first and shall not be
considered in the computation of one time Lease Rent.

Note: GST shall be chargeable as per applicable rates at the time of payment

1 Section I: Instructions to the Applicants

1.1 Definitions
The key definitions for the purpose of this scheme document are as follows:
a) “Authority” means the Yamuna Expressway Industrial Development Authority (YEIDA).
b) “Authorised Bank” implies the bank that has been mentioned in the brochure by the Authority.
c) “Allotment Letter” is the letter issued by the Authority to the Allottee confirming the allotment under a
particular scheme for which application is submitted.
d) “Allotment Money”is the amount as prescribed in the scheme brochure and is expected to be
deposited by the Allottee within the given time period.
e) “Allottee/Allottee/Lessee” is the person/legal entity whose application for allotment has been
approved by the competent officer.
f) “Allotment Committee” is a committee constituted at the Authority for reviewing the applications of
the applicants whose application has been received for allotment under the advertised scheme.
g) “Building Regulations”as notified by the Authority for development of land and construction of
buildings.
h) “Completion Certificate” refers to the certificate issued by the Authority once the project has been
completed as per the schedule given in the Data Sheet.
i) “Contract” means the Contract signed by the Parties and all the attached documents which includes
General Conditions (GC), the Special Conditions (SC), and the Appendices.
j) “Day” means calendar day.

8
k) “Functional Certificate” refers to the certificate issued by the concerned department in Authority to
declare the unit as functional/operational.
l) “Government” means the Government of Uttar Pradesh.
m) “Net worth” from Financial Statement, where Net worth shall be calculated as below:
a. In case of a Company: Net Worth is the Paid up share capital (excluding share application
money) plus Reserves and surpluses (excluding revaluation reserve) less Preliminary and
pre-operative expenditure; less Miscellaneous expenditure to the extent not written off; less
accumulated losses; less intangible assets. (Figures are to be taken from the last audited
balance sheet of the Company).
b. In case of a Partnership firm/ LLP Firm: Contribution by each partner taken together in the
capital of the firm shall be considered as Net Worth of the firm excluding intangible assets, if
any.
c. In case of an Individual / association of people: Net Worth statement (relating to application
made by proprietorship firm) certified by the applicant’s statutory auditors/ Chartered
Accountant along with certified true copies of income tax / wealth tax returns with all its
enclosures as submitted to Income Tax Authority, should be submitted.
d. In case of a Trust: Corpus fund and General Fund taken together shall be considered as Net
Worth of the Trust.
e. In case of a Society: Corpus fund and General Fund taken together shall be considered as
Net Worth of the Society.
f. In case of a New Company: Net Worth of promoters/ Directors.

n) “Lease Rent”is the amount paid by the Allottee/Lessee to the Lessor as rental against the property
allocated to the Allottee/Lessee.
o) “Lease Deed”is a contractual agreement by which Lessor conveys a property to Allottee/Lessee, for
a limited period, subject to various conditions, in exchange for Lease Rent, but still retains
ownership.

p) “Lessor”refers to a person/entity who leases or rents a property to another; the owner which in this
case is YEIDA.
q) “Transfer deed” refers to the Document (instrument) by which a property (herein land) is conveyed
from its owner (in this case YEIDA) to its tenant.
r) “Occupancy Certificate” refers to the certificate issued by the Authority on completion of the building
construction as per provisions of Building Regulations.
s) “Premium” referred to in this document means total amount payable to the Authority for allotted
land.
t) “Lessee” is the person/entity who holds a lease of a property which was given to another
person/entity for all or part of a property.
u) “Mutation Letter”is the letter issued by competent Authority for change of name on a property.
v) AVAILABILITY OF PLOTS FOR ALLOTMENT & RATE OF ALLOTMENT.

Sr.No. Size of Plot No of Plots Registration Amount Rate of allotment

(Rs.)
1 300 25 1,92,150/- 6405/- Per Sqm.
2 450 18 2,88,225/- Same
3 595 04 3,81,098/- Same
3 1000 00 ------ ------
4 1800 00 ------ ------

9
Grand Total 47
Note: - Number of plots may increase as and when it will be available before allotment.

10
1.2 How to apply
1.2.1 The scheme brochure can be downloaded from the Authority’s website
www.yamunaexpresswayauthority.com, and may be submitted online through YEIDA portal.

1.2.2 The duly filled inapplication form with all documents as given in Section 1.5, processing fee and
registration money as given in Data Sheet shall be submitted online on YEIDA portal. An additional
hardcopy of application and documents shall also be submitted in the office of the authority by
applicant within 10 working days from the date of online submission.

1.3 Language
1.3.1 The documentfor thisscheme shall be in English language.

1.4 Applicant’s responsibility

1.4.1 It is assumed that before submitting the application, the Applicant hasmade complete and careful
examination of the following:-
The eligibility criteria and other information/requirements, as set forth in the Brochure.

All other matters that may affect the Applicant’s performance under the terms of this scheme
including all risks, costs, liabilities and contingencies.

Hardcopy of application with all documents.

1.4.2 YEIDA shall not be liable for any mistake or error or negligence by the Applicant.

1.5 Documents required with Application Form

Following documents, duly signed by the applicant and certified by Chartered Accountant on each
page, should be enclosed with the application form for registration:
a) Project Report including
Feasibility Report of the proposed project.

Three years projected cash flow of the project depicting sources of inflow for the

project. Statement of sources of funds.

Land use pattern, construction plan, flowchart showing manufacturing process

and implementation schedule certified by thearchitect.

b) Background of the Applicant and its promoters.

c) List of Directors and key Shareholders(All shareholders having minimum 10% stake)along
with their shareholding or list of partners/trustees.
d) Audited Financial Statements of last three years;
e) Registration documents:
i.In case of Company
a. Certificate of Incorporation issued by the Registrar of the Companies.
b. Memorandum of Association and Articles of Association.
ii. In case of Society
a. Registration Certificate issued by the Registrar of Societies.
b. Memorandum of Association of Society.
c. Rules & Regulations of the Society.

11
 iii. In case of Trust
a. Registered Trust Deed.
iv. In case of Partnership Firm
a. Form A and Form B issued by the Registrar of Firms.
b. Partnership Deed.
v. In case of Individual/ Proprietorship Firm
a. Copy of PAN Card/Aadhaar Card.
b. Copy of Passport/ Voter Card.
c. Copy of recent bank statement from any Nationalized Bank.
vi. In case of Limited Liability Partnership (LLP) Firm
a. Certificate of incorporation in Form 16 issued by Ministry of Corporate Affairs.
b. LLP Agreement.
f) Documents to establish source of financing:
i. Own funds-liquidity certificate from any nationalized/scheduled bank
a. Photocopy of listed Company’s Shares/NSCs/Bonds/FDRs.
ii. Loan:
a. From friends/relatives.
OR

b. From bank or any financial institution- Letter from bank stating that they have in principal
agreed to consider the project for financing.

g) Affidavit of the applicant on annexure- A, certifying that all the statements made in
application /Annexures are true and correct.

h) Net worth from Financial Statement, where Net Worth statements are to be certified by the statutory
auditors/Chartered Accountant of the Company (Note: Applicant should have positive net-
worth/surplus investable funds)
i) Turnover from Financial Statement of preceding three financial years.
j) Any other information which the applicant desires to provide.

1.6 Allotment process

1.6.1 Scrutiny of applications: The application along with the requisite documents will be submitted
online and simultaneously the same will be submitted in hardcopy with requisite documents as
stated in Section-1.5 of this brochure at YEIDA office. After successful submission all the documents
will be scrutinized by a Screening Committee.

1.6.2 Allotment of plots: The applicant qualifying in scrutiny process will be included for draw of lots and
the successful applicants will be issued allotment letter with the approval of the chief Executive
Officer (CEO) of the Authority. Unsuccessful applicants will be refunded the registration amount
deposited without interest within three months form the date of draw of lots through e-
banking/RTGS/NEFT.

After the approval of the CEO, allotment letters will be issued within 21working days from the date of
draw of lots by the General Manager/Manager (Industries)/Industrial Advisor.

12
1.6.3 Deposit of Allotment Money:Applicant has to deposit Allotment Money as mentioned in Data
Sheet.

1.6.4 In case the due Allotment Money as mentioned above is not deposited within the stipulated period,
the allotment of plot shall be cancelled without giving any opportunity in this regard and 10% of the
registration shall be forfeited.

1.7 Extension of time limit for deposit of Allotment Money

No extension regarding time period will be allowed for the deposit of Allotment Money. In case of default in
payment, the Allotment will be cancelled and 10% of the registration money will be forfeited by the Authority.
However, in exceptional circumstances, the CEO may allow a time extension of maximum 60 days with
penal interest of13.50% for the defaulted period.

1.8 Payment schedule

i. Payment of Installments Money:Allottee has to pay balance 70% of the total premium in16 equal
half yearly installments with interest @10.50% per annum. The first such installment will come due
first, after six month of the date of issue of the allotment letter.It is clear that in case of default in
payment as per schedule, an additional penal interest @3%compounded half yearly with applicable
GST shall be payable along with 10.50%+3%=13.50% p.a. on the defaulted amount and for the
defaulted period. It shall be the responsibility of the Allottee to deposit the due installment on due
time. If the last date of deposit is a bank holiday, then the Allottee shall deposit the installment on the
next working day and it shall be treated as last date of deposit.
ii. Prepayment of Installment Money: Pre payment of outstanding Premium is allowed.

iii. The payments can be made online on Authority’s portal.

iv. The Allottee shall also deposit due stamp duty (Stamp duty calculation should also be verified from
the concerned Sub Registrar, Gautam Budh Nagar by the Allottee himself/themselves) for Lease
Deed in treasury of district Gautam Budh Nagar and should produce a certificate to the affect in
relevant department at YEIDA within 60 days from the issue of Check List.

v. Intimation of payment to YEIDA:After depositing the installment through the online portal of
YEIDA, the Allottee shall intimate the same to YEIDA through a written intimation or through an
email.

vi. Payment at Allottee’s own risk: In case the Allottee violates any conditions of allotment, the rights
of the Authority will not be affected in any way irrespective of accepting any payment made by
Allottee. No right shall accrue to the Allottee, if the plot allotted/handed over to the Allottee is
cancelled, despite the fact that the Allottee has made the entire or partial payment, against the
allotment to the Authority.

vii. In case of default in payment of three consecutive installments, allotment may be cancelled by
the Authority.

viii. Adjustment of deposited payments:The payment made by the Allottee/Lessee will first be
adjusted towards the interest due, if any, and Lease Rent payable and thereafter the balance will be
adjusted towards the installment due.
ix. Difference in the area of land allotted:

a. The area of the plot allotted or handed over may vary from the size of the plot in Allotment
Letter/ applied for. If area of the plot in the Allotment Letter issued and actual area handed over
to the Allottee / lessee is found to be more or less than the area intimated, a proportionate
change in the amount of the Premium would be made. The Allottee has to accept the allotment,
if the variation in the size of plot is up to 10% of the area applied for. No dispute/ objection by the
lessee would be entertained on the ground of variation in the size of plot. Allottee/ lessee would
have no right for change of plot or refund of money deposited by him on this account. If the
variation between the plot area applied for and the area allotted is more than 10% and Allottee is

13
 unwilling to accept the enhanced or reduced area, the Allottee would have the right to decline
the allotment and the deposits made with YEIDA would be refunded without interest, provided
that the Allottee applies for refund within 30 days from the date of issue of Allotment Letter or
within 30 days from the date of giving possession of the plot, as the case may be.

b. With regard to the variation in the area of plot allotted, the applicant shall deposit the amount
equivalent to the extended percentage of the total Premium at the current prevailing rate of
allotment in lump sum.

x. The Allottee/Lessee shall not claim/be entitled for any benefit/ relaxation on the ground that the
contiguous land has not been made available/handed over. In such an event, the due date of
payment of installment shall not be changed in any case and Allottee/Lessee shall have to pay due
installment along with interest on due date.

xi. Variation in the cost of land: In case of any increase in the rate of land acquisition/land purchase
cost/ex-gratia/No-litigation incentive to the farmers by order of the Court, by the Authority or by the
State Government, the Allottee/Lessee will have to pay the additional amount proportionately as the
cost of the land and all the terms and conditions prevalent at the time of allotment shall be
applicable.

1.9 Change in the name of applicant.

Application made once in the name of Applicant shall not be changed, thus any Change in the name of the
applicant will not be allowed under any circumstances. However, registered society, trust, LLP, the company
and firm applicants may change their name as allowed to them as per the provisions of the Companies Act,
Society, Trust, LLP Act and Partnership Act.

1.10 Change of project/addition of new product.

The change in project shall be within the permissible categories /projects as specified by YEIDA from time to
time.
The request for change of project can be considered by CEO of YEIDA subject to the following conditions:

i. The Allotteeis not a defaulter and must have deposited the Allotment Money alongwith interest, if
any.
ii. The allottee has to apply along with project report for the new project/new product.
iii. The terms and conditions shall not change if there is a change in the project/new product.

1.11 Unsuccessful applicants

1.11.1 The registration money of unsuccessful applicants shall be returned to them without interest, if the
period of deposit of such money with YEIDA is less than one year. However, if the period of deposit
is more than one year, simple interest @4%p.a. shall be paid for the period of deposit exceeding
1(one) year.

14
2 Section II: Special conditions
2.1 Implementation
2.1.1 Norms of Development-as per Building Regulations of YEIDA.

2.1.2 The Allottee will commence the construction after taking over physical possession of the plot as per
approved building plan and inform in writing to YEIDA about timely completion of the approved project.

2.1.3 The Allottee/Lessee / Transferee will adhere to the schedule of construction of the building as per the
building regulations of YEIDA.

2.1.4 The Allottee shall be liable to complete the project as per the schedule given by him in the land use
pattern of the project report and shall inform the authority in writing in the prescribed format.

2.1.5 If Completion Certificate for full project (within 48 months from the date of lease/ possession) is not
taken by the Allottee as per the schedule, time extension charges shall be payable by the Allottee as
decided byYEIDA.

2.1.6 The Allottee/Lessee shallachieve minimum applicable FAR according to the Building Regulations of
YEIDA and obtain Completion Certificate of the project from YEIDA within the time limit.
2.1.7 Extension for completion of First Phase: Normally no extension for completion would be granted.

2.1.8 In case of non- adherence to the aforementioned schedule for obtaining Completion Certificate from
YEIDA, the plot shall be cancelled and/or lease shall be finalised. On such cancellation/finalisation,
20% of the total Premiumwill be forfeited and the lessor shall resume possession of the plot, along
with any structure thereon, with the Allottee having no right of claim or compensation thereof. The
balance amount deposited shall be refunded without any interest.

2.2 Functional Certificate

2.2.1 It will be essential to obtain Functional Certificate from YEIDA within 48 months from the date of
execution of lease deed. Following documents are required to be submitted to obtain Functional
Certificate-
(i) Building Completion Certificateas per building regulations of YEIDA.
(ii) No dues certificate.

(iii) Any two Utility Bills (i.e. first electricity bill of permanent connection or documents for
installation of permanent connection/telephone bill/water charges bill).
(iv) Copy of bills for equipment/Plant & Machinery/ Lab as per project report submitted.
(v) Meter ceiling certificate of electricity connection.
(vi) First sale invoice of finished product.

2.2.2 The Functionality of the unit will be indicated in the certificate on behalf of meter ceiling certificate of
electricity connection/first sale of finished product.

2.2.3 Penalty for not obtaining Functional Certificate: In case of failure to obtain Functional Certificate
within 48 months from the date of execution of lease dead, the Allottee may be allowed by the CEO a
further extension of 6 months as a grace period on the basis of valid reasons of delay.

If the unit has not become functional after the expiry of 54 months with grace period an
interdepartmental committee will be constituted to review the progress of the project by the order of
CEO/Lessor. The committee will submit an inspection report regarding the effective steps taken by the
unit to make the unit functional before the lessor then lessor will take decision for further extension
based on merits of virtue/factual evidences. The decision taken by the CEO/Lessor will be final and
binding on the allottee.

15
 NOTE : In exceptional circumstances if time extension is demanded by the allotee for obtaining
functional certificate, CEO/lessor may allow time extension on the following conditions :-

1. One year’s extension can be granted on the payment of penalty equal to 4%

of the total premium of the plot with the approval of CEO YEIDA.
2. In case the unit is not made functional even after above extension, the unit has
to apply for 2nd extension with adequate explanations of the grounds of delay. A
further extension of a maximum one year can be granted by the CEO on
payment of 1% per month of the current rate if the special circumstances are
found convincing .

2.2.4 In case of non- adherence to the aforementioned schedule for obtaining Functional Certificate from
YEIDA, the plot shall be cancelled and/or lease shall be determined. On such
cancellation/determination, 20% of the Premium along with applicable GST will be forfeited and the
Lessor shall resume possession of the plot, along with any structure thereon, with the Allottee having
no right of claim or compensation thereof. The balance amount deposited shall be refunded without
any interest.

16
3 Section III: General terms and conditions
3.1 Execution of Lease Deed
3.1.1 YEIDA shall be required to issue a check list for the execution of Lease Deed to the Allottee within 15
days from the date of receiving the lease plan from the concerned department.

3.1.2 The Allottee is required to execute the Lease Deed and take the possession within 60 days from the
date of issuance of the checklist.

3.1.3 In case of failure to execute the Lease Deed and taking over of possession within the above-stipulated
time period, the allotment shall be cancelled and 10% of the entire amount deposited with YEIDA
would be forfeited.

3.1.4 In exceptional circumstance, the CEO may grant extension of time up to a maximum period of 180
days for execution of Lease Deed and taking over of possession. This extension shall be granted on
the basis of payment equivalent to 2.5% of total Premium of the plot on a pro rata basis for the
delayed period. Further extension for the execution of Lease Deed shall not be provided in any
circumstances and action shall be taken as per the provision of 3.1.3.

3.1.5 Documentation charges: The stamp duty, registration charges and all legal expenses involved in the
execution and registration of Lease Deed, as stated above, and all other incidental expenses shall be
borne by the Allottee. The rate of stamp duty shall be applicable as per the notification issued by the
state government from time to time.

3.1.6 Period of lease:Allotment of plot will be made on leasehold basis for a period of 90 years from the
date of execution of Lease Deed.

3.2 Lease Rent

3.2.1 Details as per Data Sheet

3.3 Location charges

3.3.1 Location charges shall be payable by the Allottee/Lessee on the total Premium before execution of
Lease Deed in lump sum. The rate would be as mentioned in the Data Sheet.

3.4 Possession of the plot

3.4.1 Possession of allotted plot will be handed over to the Allottee/Lessee on the date of execution of Lease
Deed

3.4.2 Execution and registration of Lease Deed can be done only after a minimum payment of 30% of
Premium and one year Lease Rent, in advance.

3.4.3 For the purpose of payment of Lease Rent and other statutory/obligations or scheme compliance the
date of possession shall be treated from the date of executionof Lease Deed.

3.5 Variation in actual area of allotted plot

3.5.1 Details as per Data Sheet.

3.6 Surrender
3.6.1 The Allottee can surrender the plot to the Authority before its cancellation.
In the case of Surrender:-
i. Up to 30 days from the date of issuance of Allotment Letter, no deductions shall be made.

ii. From 31 to 60 days from the date of issuance of Allotment Letter, 10% of registration money shall
be deducted.

17
 iii. Beyond 60 days, 10% of the total Premium or the amount deposited up to the date of surrender,
whichever is less, shall be forfeited. The balance if any shall be refunded without interest.
However, Lease Rent, penalty and any other charge deposited shall not be refunded.

Note: The date of surrender in above case shall be the date on which application is received at the
Authority's office. No subsequent claim on the basis of postal certificate will be entertained.

3.6.2 The request for surrender shall contain signatures of Allottee/Lessee along with:

i. In case of incorporated company / society/charitable society/trust the request should be

supported by the Certified Copy of the Resolution of Board of Directors / Executives.

ii. In case of registered partnership firm or Limited Liability Partnership Firm letter of authorization by
its partners.

iii. The Allottee has to execute surrender deed, if Lease Deed/transfer deed has been executed then
all the original legal documents are to be surrendered unconditionally to the authority.

3.7 Change in Constitution(CIC)

3.7.1 Change in constitution may be allowed by the CEO of YEIDA on completion of required formalities
as decided by the lessor from time to time in the following manner:

i. The application for change in constitution from proprietorship to partnership, Pvt. Ltd., company,
Public Ltd Co or vice versa shall come from the original Lessee(s)/ Allottee(s) transferor(s).

ii. The application shall invariably be accompanied by the NOC from term lending institution in case
the property is mortgaged.
3.7.2 For Changes from Proprietorship to Partnership , Partnership to Partnership

i. Certified copy of the Partnership Deed,

ii. Form ‘B’ regarding registration of firm or any other document to this effect issued by the Registrar.

iii. Form ‘A’ showing statement regarding name of Partners or any other document to this effect
issued by the Registrar of firms of respective State.

iv. Notarized affidavit stating the relationship of the incoming partners with the original Allottee/
Transferee (in case exemption from payment of CIC charges is sought).
3.7.3 For Changes within Partnership

i. Dissolution deed, New Partnership deed, Retirement-cum-Partnership deed of the firm.

ii. Form ‘C’& revised Form ‘A’ issued by Registrar of firm or any other document to this effect issued
by the Registrar of firms of respective State,

iii. Notarized affidavit stating the relationship of the incoming partners with the original Allottee/
Transferee. (In case exemption from payment of CIC charges is sought.)
3.7.4 For change from proprietorship to L.L.P

i. Certificate of incorporation issued by Ministry of Corporate Affairs

ii. L.L.P. Agreement as per L.L.P. Act, 2008.

iii. Notarized affidavit stating the relationship of the incoming partners with the original Allottee/
Transferee (In case exemption from payment of CIC charges is sought)
3.7.5 For changes within Pvt. Ltd. company/ Public Ltd, company

i. Certified list of shareholding directors with shareholding percentage with value duly certified by
Chartered Accountant

18
 ii. List of Directors duly certified by Chartered Accountant alongwith Form 31 or any document
equivalent to form – 31duly receipted by R.O.C.
iii. Board Resolution duly certified by the Chairman of meeting/CA.

iv. Notarized affidavit stating the relationship of the incoming shareholder with the original Allottee(s)/
Transferor(s). (In case exemption from payment of CIC charges is sought.)
3.7.6 Change from Proprietorship /Partnership to Pvt./ Public Ltd, company

i. Memorandum and Article of Association (certified copy).

ii. Certified copy of Certificate of Incorporation issued by Registrar of respective State.

iii. Certified list of Board of Directors and certified list of shareholders showing number of shares and
their value along with their addresses duly certified by Chartered Accountant.

iv. Duly certified Resolution of Board of Directors regarding taking over the industrialproperty by the
Company from Proprietor /Partners. Also the resolution in favour of person authorized by the
Board of Director of the Company to correspond with the Authority.

v. Notarized affidavit duly sworn and attested regarding the relationship of the shareholders with the
original Allottee(s) (in case exemption from payment of CIC charges is sought).

vi. In case of Public Ltd. Co., certified copy of Commencement of Business certificate issued by
Registrar of Companies is also to be submitted.

3.7.7 No CIC charges are applicable for 100% transfer of shareholding within blood relation of the original
Allottee(s)/Transferee(s) and blood relatives shall be father, mother, grant parents, sister, brother,
son, daughter, husband/wife, grand son/grand daughter, wife of son /son-in laws, husband of grand
daughter, wife of grand son and as defined in section - 56(2) (v) of Income Tax Act 1961 accepted.
However, processing fee of Rs. 1,000/- is payable along with request for the same. (In all cases of
change in constitution Rs. 1,000/- will be payable along with application of CIC as a processing fee).

3.7.8 Change in constitution after execution of Lease Deed and taking over possession would be
considered with respect to original Allottee(s)/ Transferee(s) only.

3.7.9 If due to change in constitution, there is no change in legal entity of the lessee, fresh legal
documentation would not be insisted upon. However, if the Allottee/ Transfereehimself needs fresh
documentation, He/she may do so at their own level.In case the property is acquired by way of
transfer, and /or legal entity is changed by way of change in constitution, He/she would be required
to execute the transfer deed. All expenses on account of legal documentation would be borne by the
Allottee(s)/ Transferee(s).

3.7.10 The change in the name of the shareholders does not amount to transfer of property of the company.
The change in constitution deed regarding change in shareholders as a result of transfer of shares in
the companies is not mandatory to be registered under section 17 of Registration act 1908. In
addition to this, no stamp duty is leviable on this CIC deed under clause 23 of schedule 1b of the
stamp act 1899. No transfer charges will be leviable on the transfer of shares in the companies and
no prior approval of the YEIDA shall be required for transferring the shares. However, the relevant
provisions of the Stamps Act and Companies Act at the time of transfer may be applicable. (as per
order of up government dated 11.10.2010).

3.7.11 In case only name of incorporated company is changed and a certificate is issued in respect of the
same by R.O.C.,no CIC charges will be leviable. However, supplementary deed may be executed
and duly registered by the office of Sub Registrar for this change in name.

3.7.12 In case the Allottee/ Transferee is a incorporated company and subsequently a partnership firm or
another incorporated company is formed with the original incorporated company as a partner/
shareholder then no CIC charges would be applicable on the percentage of shareholding not held by

19
 original Allottee(s)/ Transferee(s), company. In case other partner(s) /shareholder(s) are the
shareholders of the original company then no CIC charges would be leviable.

3.7.13 No CIC charges would be levied in case an original partner(s)/ shareholder(s) withdraws from the
partnership firm/incorporated Company.

3.8 Construction
3.8.1 The Allottee/Lessee shall construct the building after getting proper approval of the building plans
from the concerned department of YEIDA in writing .

3.8.2 The Allottee/Lessee shall complete construction within prescribed time limit from the date of
execution of Lease Deed.

3.8.3 The Allottee/Lessee shall complete construction of buildings as per approved plans and obtain
completion/occupancy certificate from YEIDAfor minimum area as prescribed in Building
Regulations of the YEIDA.

3.9 Maintenance
3.9.1 The Allottee/Lessee at his own expense will take permission for sewerage, electricity and water
connections from the concerned departments of YEIDA or from the competent authority in this
regard.

3.9.2 The Allottee/Lessee shall have to plan a maintenance programme whereby the entire demised
premises and buildings shall be kept:

a. At all times in a state of good condition and in good sanitary condition to the satisfaction of the
Lessor.

b. And to make available required facilities as well as to keep surroundings neat and clean, good
and healthy and in safe condition at all times, according to the convenience of the inhabitants of
the place.

3.9.3 The Allottee/Lessee shall abide by all Regulations, Building Regulations and guidelines of YEIDA
framed/issued under section 8, 9 and 10 or under any other provisions of the U.P. Industrial Area
Development Act 1976, as amended from time to time, and the rules made therein.The allottee shall
abide by the Real Estate (Regulation and Development) Act, 2016, as amended from time to time
and the various rules made thereunder.

3.9.4 The Allottee/Lessee shall not display or exhibit any posters, statues, other articles which are
repugnant to the morals or indecent or immoral and in conformity with the various laws and policies,
and the orders of Hon’ble Supreme Court of India and the Hon’ble Allahabad High Court.
Furthermore, the allottee shall abide by section 3(1) of Real Estate Industrial Area before marketing,
advertising, selling in respect of the project. All the advertisements and marketing details for the
project shall contain all such information about the project that shall enable the prospective
consumer/customer in making an informed decision about the project.

3.9.5 The Allottee/Lessee shall not display or exhibit any advertisement or placard in any part of the
exterior wall of the building, except at a place specified for the purpose by the Lessor.

3.9.6 In case of non-compliance of terms and conditions / any directions of YEIDA, CEO of YEIDA shall
have the right to impose penalty as it may consider just and/or expedient by explaining or recording
the reasons thereof.

3.9.7 If the maintenance work of any area is not found satisfactory according to YEIDA, the required
maintenance work will be carried out by YEIDA and all the expenses in carrying out such work shall
be borne by the Allottee.

3.9.8 The Allottee at his own expense will take maintenance of patri alongside its premises.

20
3.10 Mortgage
3.10.1 The mortgage permission shall be granted after payment of minimum 30% of the total Premium, in
favour of a scheduled Bank/Govt. organization/financial institution approved by the Reserve Bank of
India for the purpose of raising resources, for construction on the allotted plot, provided the
allotment/lease of the plot is neither cancelled nor any show cause notice has been issued to
theAllottee/Lessee and has a valid time period for construction as per terms of the Lease Deed or
has obtained valid extension of time for construction as the case may be and has cleared up to date
dues of the plot Premium and Lease Rent.
3.10.2 YEIDA shall have the first charge on the plot towards payment of all outstanding dues.

3.10.3 In the event of sale or foreclosure of the mortgaged/charged property, YEIDAshall be entitled to
claim all dues YEIDA may recover not more than 50% or as decided by the authority, of the
unearned increase in values of properties in respect of the market value of the said plot as first
charge, having priority over the said mortgage charge. The decision of the authority in respect of the
market value of the said plot shall be final and binding on all the parties concerned.

3.10.4 YEIDA shall have right to the recovery of the unearned increase and the pre-emptive right to
purchase the property as mentioned herein.It shall apply equally to involuntary sale or transfer, be it
bid or through execution of decree of insolvency from a court of law.

3.10.5 Documents required for obtaining Mortgage Permission Application can be submitted along with the
following documents:-

i. No dues certificate issued by the concerned Accounts Officer, or an undertaking by

bank/institution for payment of the total due amount directly to YEIDA.
ii. A letter from bank/institution that the grant of loan is under consideration
iii. An affidavit thatno unauthorized construction has been done by the allottee.

iv. Processing fee Rs 5,000/- is required to be deposited by the Allottee/Lessee in case of Mortgage
permission is sought.
v. A copy of the resolution passed by Board, in case of Company/Trust/Society etc.

vi. In case of Allottee being a Partnership Firm, all partners shall be required to sign the application
for Mortgage, alternatively the signatory partner has to produce an Authority Letter/Power of
Attorney to move such an application.
vii. Any other documents as required by the CEO or any authorized officer, YEIDA from time to time.

3.10.6 Collateral security:The Lessee has to make full payment of total premium and other dues of plot
and make unit functional. The processing fee of Rs. 5000 has to be deposited for the permission of
collateral security. An application along with bank challan of deposited processing fee amount and
letter of bank for permission of collateral security has to be submitted to concerned department of
authority.
Note: All the clauses mentioned under sub-clause 3.10 Mortgage, shall become a part of the ‘Loan
Agreement’ signed between the Bank and the Lessee. The copy of the ‘Loan Agreement’ shall be submitted
to the Authority by the Lessee within 15 days of the execution of the Agreement.

3.11 Transfer of Plot

3.11.1 Subject to various statutory provisions as contained in Real Estate (Regulation and Development)
Act and the various other statutes and the following conditions.AnAllottee/Lessee will be allowed to
sell/ transfer the plot allotted by the Authority to any other person who is eligible to apply as
mentioned in Data Sheet.
i. Transfer shall be permitted only after the unit has been declared functional by YEIDA.

21
 ii. In such cases, where cancellation has been made or are in process of cancellation, are not
eligible for transfer.

3.11.2 Application for transfer shall be received on the prescribed Transfer Application Form available from
bank on payment, along with the transfer processing fee, which shall be Rs. 1000/- with applicable
GSTto be deposited in prescribed bank of Authority.One copy of deposited challan is to be submitted
along with transfer application form.

3.11.3 The Transfer application form should be duly filled along with the NOCs from various departments
i.e. Project division, no dues from the Accounts/ allotment department, last paid electricity bill (In
case all original as well as subsequent legal documents are submitted, then NOC from Bank/
Financial Institution is not required).

3.11.4 Photograph & signature of Transferor(s)/ Transferee(s) must be attested by the Bank Manager on
the application form itself. In case of companies, certified copy of Resolution of Board of Directors
authorizing the signatory for moving the transfer application should also be submitted with
application.

3.11.5 Both Transferor and Transferee must be competent to execute a contract on the date of transfer
application.
3.11.6 The plot shall be transferred for similar purpose.
3.11.7 Transfer of partial area of plot shall not be considered.
3.11.8 Charges for Transfer
i. Transfer charges are @5% of the prevailing Premium amount of plot at the time of transfer.

ii. Transfer or/and Transferee should severally and/ or jointly satisfy themselves about the overdue/
dues position from the concerned department of YEIDA.

iii. Transfer charges once deposited will not be refunded/ adjusted even in case of transfer does not
materialize due to dispute between the parties or withdrawal of transfer application. Once the
transfer application is submitted it can be withdrawn only with the consent of the transferor and
the Transferee. In case of dispute, orders of the competent court shall be required for withdrawal
of the transfer application/ Transfer Memorandum.

3.11.9 Once transfer is approved and the Transfer Memorandum is issued and transfer deed is executed,
all the assets and/or liabilities against the plot/unit would pass on to the Transferee.

3.11.10 Lease Rent will be charged @2.5% ofthe prevailing Premium with location charges, on the date of
issue of Transfer Memorandum subject to enhancement as envisaged in Lease Deed/ Transfer
Deed/ Transfer Memorandum.In case of one time Lease Rent facility has not been availed.

3.11.11 In case of transfer of rights of a minor, orders of the District Judge are required regarding the
protection of interest of the minor.

3.11.12 Transfer of property by Allottee/Transferee directly or through registered GPA, to his/her relatives as
defined in section- 56(2)(v) of Income Tax Act 1961 and within father, mother, grant parents, sister,
brother, son, daughter, husband/wife, grand son/grand daughter, wife of son /son-in laws, husband
of grand daughter, wife of grand son would be allowed without charges, subject to payment of
processing fee of Rs. 1000 with applicable GST.

3.11.13 The transfer ofindustrial property is an act between Transferee(s) and transferor(s) and as such any
liens, claims, damages, compensation, adverse court orders etc. arising thereof subsequently would
be the sole liability of Transferee(s) and YEIDA would remain indemnified against the same.

3.11.14 The Allottee/Lessee/ Transferee shall execute a Transfer deed, after paying the transfer charges,
within 90 days from the date of issue of the Transfer Memorandum by YEIDA. Acertified copy of the
same shall be submitted to YEIDA after the registration of the same with the Sub Registrar, of
YEIDA. The Transfer Memorandum shall be part of the transfer deed executed between the

22
 Transferor and the Transferee. In case of default, penalty shall be levied as decided by the CEO. In
case transferor and Transferee fail to execute transfer deed within 90 days, penalty of Rs. 100/- per
day will be payable for the delayed period. One copy of registered transfer deed with sub-registrar
has to be submitted to YEIDA Industry Department for record.

3.11.15 In case of transfer/ sale by financial institution under section-29 of State Financial Corporation Act/
by bank under SARFAESI Act, the application has to be moved by the financial institutions/bank
along with all NOC’s required in the transfer application form. In such case transfer charges at the
rate of 10% of the sale value will be levied.
3.11.16 Issue of Mutation Letter: Application can be submitted by the Transferee at the concerned
department along with the following documents:-
i. A certified copy of the Transfer Deed duly executed by the Transferor.

ii. Copy of challan against payment of transfer charges in one of the Authorized bank shall be
required.

3.12 Misuse, Additions, Alterations, etc.

3.12.1 The allottee is bound to comply with the statutory mandate of Real Estate (Regulation and
Development) Act as and when it is applicable in respect of any and every alteration or addition to
the sanctioned plan and project specifications. The Allottee/Lessee shall not use the plot for any
purpose other than that for which it has been allotted /leased. The Allottee/Lessee shall not be
entitled to divide the plot or amalgamate it with any other plot. In case of violation of the above
conditions, allotment shall be liable to be cancelled and possession of the premises along with
structure thereon, if any, shall be resumed by the Authority.

3.12.2 The Allottee/Lessee will not make any alteration or addition to the said building on the demised
premises, erect or permit to erect any new building on the demised premises without the prior written
permission of the Lessor. In case of any deviation from such terms of plan, he/she shall immediately,
upon receipt of notice from the Lessor requiring him to do so, correct such deviations as aforesaid.

3.12.3 If the Allottee/Lesseefails to correct such deviations within a specified period of time after the receipt
of such notice, it will be lawful for the Lessor to cause such deviation to be corrected at the expense
of the Allottee/Lessee.

3.13 Indemnity
3.13.1 The Allottee/Lessee shall be wholly and solely responsible for the implementation of the Project and
also for ensuring the quality of development/construction, subsequent operations and maintenance
of facilities and services, till such time that an alternate agency for such work is identified and legally
appointed by the Allottee/Lessee. The Allottee/Lessee shall execute an indemnity bond (on
Annexure- E), indemnifying YEIDA against all disputes arising out of :

i. The non-completion of work.

ii. The quality and validity of development, construction, operations and maintenance.
iii. Any legal dispute arising out of allotment, lease and/or sub-lease to the final purchaser.

3.14 Liability to Pay Taxes

3.14.1 The Allottee/Lessee will be liable to pay all rates, taxes, charges, user fee and assessment of every
description imposed by any authority empowered in this behalf, in respect of the plot, whether such
charges are imposed on the plot or on the building constructed thereon, from time to time.

3.15 Overriding Power over dormant properties

3.15.1 The Lessor reserves the right to all mines, minerals, coals, washing gold, earth oils, quarries in or
under the plot. The lessor hasfull right and power at any time to do all acts and things which may be
necessary or expedient for the purpose of searching for, working and obtaining, removing and

23
 enjoying the same without providing or leaving any vertical support for the surface of the plot(s) or for
the structure time being standing thereon.The Lessor shall make reasonable compensation to the
Allottee/Lessee for all damages directly occasioned by exercise of the rights hereby reserved. The
decision of the CEO of YEIDA on the amount of such compensation will be final and binding on the
applicant.

3.16 Cancellation
3.16.1 In addition to the other specific clauses relating to cancellation, the Authority shall be free to exercise
its rights of cancellation of allotment in the case of:
a) Allotment being obtained through misrepresentations/ suppression of material facts.
b) Any violation of directions/ rules issued by the authority or any other statutory body.

c) Default on the part of the applicant/Allottee/Lessee for breach/violation of terms and conditions of
Registration/Allotment/Lease and /non-deposit of Allotment Money/non-deposit of three
consecutive installment money. Deposit against Lease Rent, interest on Lease Rent and up to
date dues,Lease Rent and penalty, if any will be forfeited.

3.16.2 In the event of cancellation, under sub-clause (a) above, the entire deposits till the date of
cancellation shall be forfeited and possession of the Plots will be resumed by YEIDA/ lessor with
structure thereon, if any, and the Allottee/Lessee will have no right to claim compensation thereof.

3.16.3 In the event of cancellation, under sub-clause (b) & (c) above, 20% of the total Premium or the
amount deposited up to the date of cancellation, whichever is the least, shall be forfeited and
balance, if any, shall be refunded without any interest.

Note:However, in case of cancellation the concerned department of the Authority shall issue a show cause
notice to the Allottee/Lessee of minimum 15 days before finally cancelling the plot.

3.17 Restoration
3.17.1 YEIDAcan exercise the power ofcancellation of plots for breach of terms and conditions of allotment
/Lease Deed / Transfer Deed. However, if the Allottee/ Lessee applies for restoration of the plot,
CEO of YEIDAcan restore the plots, subject to the following conditions:

i. The application for restoration may be submitted to the authority within a period of 3 months from
the date of cancellation.

ii. The decision about the restoration of the plots will be taken by the YEIDA within a period of 3
months after the date of application of restoration.

iii. The Allottee/Lessee would pay restoration charges at the rate of 10% of the total Premium of the
plot at current rate calculated at the time of restoration.
iv. The Allottee will have to make up to date payment, dues, penalties & interest etc. as applicable.

v. The Allottee will submit project implementation schedule in the shape of affidavit. The maximum
time allowed shall be two years.

vi. The Allottee has to submit bank guarantee in the form of Performance Guarantee of Project
Implementation Schedule given by him, which shall be valid for a duration of 3 months more than
the Project Implementation Schedule and the value of Performance Guarantee will be 10% of the
prevailing price of the plots.

vii. If there is any court case pending before any court, it has to be withdrawn by the Allottee. All legal
expenses shall be borne by the Allottee.

viii. In case allotment had been cancelled due to non-permissible activities, the request for restoration
of the plot shall only be considered on submission of notarized affidavit for non-carrying out the
non-permissible activities.Further an inspection of the site about the same will be done by YEIDA
before restoration.

24
 ix. In case of restoration in prepossession cases, the Allottee shall be required to get the unit
functional as per terms of the Lease Deed. In such case, they will have to comply with the clause
as stated above.

3.18 Amalgamation and sub-division

Amalgamation and/or sub-division of the plot shall not be allowed.

3.19 Other Clauses

i. The Lessor/Authority reserves the right to make such amendments, additions, deletions and
alterations in the terms and conditions of allotment, lease, Building Regulations as it finds
expedient.Such amendments, addition, deletion and alterations shall be binding on the
Allottee/Lessee.

ii. In such circumstances where authority is not able and the possession of plot is not handed over to
the Allottee within 2 years, from the date of allotment letter, the full amount deposited by the
Allottee would be refunded along with the simple interest @4% per annum calculated from the date
of allotment .

iii. In cases of “Force majeure” or such circumstances beyond YEIDA's control, YEIDA is unable to
make allotment or the possession of the allotted plot, entire registration money or the deposit,
depending on the stage of allotment will be refunded with 4% simple interest if the delay is more
than 1 year.

iv. In case of increase in the compensation/ex-gratia to farmers by the order of Court/Govt./Authority

or otherwise, the increased amount shall be payable by the Allottee/Lessee of the Land.

v. In case of any dispute in the interpretation of any word or terms and conditions of the allotment /
Lease, the decision of the CEO of YEIDA shall be final and binding on the Allottee/Lessee and his/
her/their successor.

vi. YEIDA will monitor the implementation of the project as per the implementation schedule given by
allottee.

For early commencement of production by the unit, an incentive at the rate of Rs. 50/- per sqm. will
be given on the following conditions.

a. The unit has to start production within 18 months from the due date of execution of lease
deed intimated via letter of checklist.
b. A minimum 50% of the permitted covered area of the allotted plot has to be constructed.

c. The unit has to apply for production incentives within 6 months of the date of
commencement of production.

d. Under no circumstances any application for grant of incentive shall be entertained after the
period specified in clause (a) above.

The early-production incentive amount will be adjusted from the last due installments of the
premium. In case full payment has already been made, the incentive amount will be paid by
cheque.

vii. The Allottee/Lessee and his / her / their successors shall abide by the provisions of the U.P.
Industrial Area Development Act 1976 (U.P. Act No. 6 of 1976) and such rules, regulations or
directions as are issued there in from time to time.

viii. Any dispute between the Lessor and Allottee/Lessee shall be subject to the territorial jurisdiction of
Civil Courts at Gautam Budh Nagar or the High Court at Allahabad.

25
ix. The allotment will be accepted by the Allotteeon “As-is-where-is basis”. The Allotteeis advised to
visit the site before submission of application form for allotment.

x. Provisions related to fire safety, environmental clearance, NGT directives shall be observed by the
Allottee. Necessary approvals shall be obtained from the competent authority by the Allottee.

xi. In case a link road comes anywhere in the plot area, it shall be managed by the Allottee/Lessee till
an alternate arrangement is made by YEIDA.
xii. All arrears due to the Lessor are recoverable as arrears of land revenue.

xiii. YEIDA in larger public interest has the authority to take back the possession of the land/ building
by making payment at the appropriate rate as decided by CEO giving the Allottee/Lessee an
opportunity of being heard.However, the decision of the CEO of YEIDA shall be final and binding
on the Allottee/Lessee.

xiv. TheAllottee/Lessee shall have to make sufficient provision of parking in the plot itself.

26
 4 Annexures
4.1Application form

YAMUNA EXPRESSWAY INDUSTRIAL DEVELOPMENT AUTHORITY

First Floor, Commercial Complex, Block – P-2, Sector-Omega-I,
Greater Noida – 201308
District – Gautam Budh Nagar (UP)
Ph: 0120-2395152 / 57, Fax: 0120-2395150,
Website: www.yamunaexpresswayauthority.com
-

APPLICATION FORM
FOR ALLOTMENT OF LEFT-OUTINDUSTRIAL PLOTS (UPTO 4000 SQ.MTRS)
(Left-out Industrial plots in sector 32/33)

Self-attested
photograph of
authorized
signatory

SCHEME CODE : YEA/IND4000 (2018) - 05

Plot Size (In Sq. Meters) ___________________________________________________________________

PAN No.
_____________________________________________________________________________
Aadhaar No.
_____________________________________________________________________________
Name of Applicant/Name of Company ______________________________________________________
Name of Proprietorship/ Partnership Firm/ Pvt. Ltd. Co//Ltd. Company etc.
____________________________
Name of Father/Husband___________________________________________________________________
Name of Authorized Person_________________________________________________________________
Present address___________________________________________________________________________
Phone No/Mob No. _______________________________ Fax No._________________________________
Permanent Address________________________________________________________________________
Phone No/Mob No _________________________________ Fax
No.________________________________
E-mail _______________________________________________________________________________ __
Processing fee Rs. 15000/-& applicable GST
Registration fee Rs…………………………………………………….. (10% of total premium of the plot)

27
Payable through e-banking/RTGS/NEFT

Summary of Proposed Project :-

It is compulsory to mention below the details of proposed project—

1 Applied Area (in sq. mtrs)

2 Name of proposed project/product
3 Total cost of project (in lacs)
4 Funding from own sources
5 Funding from other sources
6 Total employment
7 Load of power required
8 Details of income tax returns Submitted
/filed in previous three years
Year – 2014-2015
Year – 2015-2016
Year – 2016-2017/2017-18

1. The detailed project report of the proposed project shall be uploaded with following points also :-
i) Details of the Manufacturing Process with Flow Sheet indicating all major and minor
operations and processes (Attach separate sheet, if necessary)
(ii) Give details about the composition and quantum of solid, liquid and gaseous effluents that
are likely to emanate during production process. (Attach separate sheet, if necessary)
2 Project Implementation Schedule
3. Details of Plant & Machinery:

S.No. Particulars Value in Rs.

Attach separate sheet, if required

4. Requirement of Raw Material(s) and Consumable(s)

28
 S.No Item Annual Annual
Requirement Value (Rs.)

Attach separate sheet, if required Total Rs.

5. Utilities:

Power KW Source
Water Kl/month Source
Normal use
Process use Kl/month Source

DECLARATION
I/We__________________________________________________________________________s/o,w
/o,d/o_____________________________________________________________________ am/are fully
competent to sign this application form on behalf of the Promoter(s)/Director(s)/ Partner(s)/Proprietor of the
above unit/proposed unit.
1. All the information/details provided in this application form are true to the best of my/our
knowledge and belief.
2. That I/We have read and understood the enclosed terms and conditions of registration/ allotment and
agree to abide by the same.
3. In case of refund of Registration Money, the same may be made in favour of -----------------------------
----------------------------------------------------------------------------SB/CURRENT A/C No .---------------
------------------- Bank---------------------------- Branch ---------------------------------------------------------
------------------------------Through e-banking/RTGS/NEFT.
4. I have uploaded all the required documents mentioned in the section-1.5 of this broacher.

Place: Signature of the applicant (s)

Date:

29
4.2 Financial statement of turnover

Name of Applicant------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------ ----------- -------------------
----------------------------------------------------------------------------------------------------------------------------- -------------------
--------------------------------------------------------------------------------

S.No. Description Year 3 Year 2 Year 12

(as per audited (as per audited (as per audited
balance sheet) balance sheet) balance sheet)
1. Turnover of the Applicant as per
audited annual accounts.

Signature of Authorised signatory

Stamp of applicant with name
And Status

Certificate of the Chartered Accountant/Statutory Auditor

Based on Audited Accounts and other relevant documents, we M/s

………………………….........................................................................................................................................
...............................................………………….., Chartered Accountants/Statutory Auditors, certify that the
above information is correct.

Signature and Seal of Chartered

Accountants/Statutory Auditors
Membership No.

4.3 Financial statement of Net Worth

S.No. Description Amount in crore Remarks

Rupees

1. Net worth as on 31.3.2017/18 of the Applicantas per

audited annual accounts.

Signature of Authorised signatory

Stamp of applicant with name
And Status

2
Herein Year 1 shall be considered as the Financial Year in which the Applicant is submitting the application. Year 2 &
3 shall be considered as the 2 financial years immediately prior to the application year

30
Certificate of the Chartered Accountant/Statutory Auditor

Based on Audited Accounts and other relevant documents, we M/s

…………………….........................................................................................……………………..........................
..................................., Chartered Accountants/Statutory Auditors, for the applicant having Net Worth
Rs......................................certify that the above information is correct.

Signature & Seal of Statutory

Auditors / Chartered Accountant
Membership No. _________________

4.4 Liquidity Certificate.

This is certify that M/s…………………………………………………………..maintaining Current Account/saving

Bank Account / FDR / Other Deposit Account Nos…………………………………… with us, having liquidity of
Rs. ………………………………………………………………….as on ……………………………………………….

Name of the Bank Officer with designation

(with rubber stamp)

Note:-

1. Separate certificate for each company / firm / society / trust / individual to be submitted.

2. Liquidity Certificate should not be more than 6 months old from the date of submission of

application.

31
4.5 Annexure-(A)
(To be furnished on non-judicial stamp paper of Rs.100/- duly attested by notary public, by the
sole Applicant or by Each Member/ partner/share-holder(s)).

Affidavit
I ______________________________ s/o ____________________________________
Aged __________ years ________________________ proprietor/owner / director/ partner/
authorized signatory of ____________________________________________

______________________________r/o__________________________________
______________________________ do hereby solemnly affirm and state as under:
That I am the proprietor/owner / director/ partner/ authorized signatory of
___________________________________________________, and competent
to swear and submit the following:
1) That the Unit product does not fall under polluting categories.
2) That the Company /Firm will get NOC/Consent from U.P. Pollution Control Board,Udyog
Aadhar Memorandum and other clearances from concerned department of U.P. Govt.
3) That the deponent has read and understood the terms & conditions given in the brochure. It
is mandatory to submit the above documents to the Authority before the execution of the
Lease Deed and if the Deponent fails to submit the above documents, he alone would be
responsible for the consequences resulting there from.
4) That the Deponent also understands the consequences that non-submission of the above
documents may also lead to cancellation of his candidature/ allotment of the land for which
he has applied.
5) The deponent declares that no unauthorized construction shall be made on the allotted plot.
6) If the Deponent fails to make unit functional within 48 months from the due date of lease
deed execution, the Authority will be free to cancel the allotted plot/lease deed and may
resume possession of the plot.
7) That the Deponent assures and declare that in case of violation of any terms and conditions
or any directions issued by the Authority , the CEO will be free to take any decision as it
deem fit and appropriate.
8) That the information given in the application is true and correct and if any part of it is found
to be false or concealed, the Authority will have right to cancel the plot irrespective to the
deposit of money till that stage when the malafide is revealed.

Deponent

I ______________________________________, the Deponent swear and declare that para

1 to 8 of the above affidavit are true and correct to my best of knowledge and no part of it is
false or concealed.

Deponent
Place :

Date:

32
4.6 Annexure B
(Use separate sheet for each Promoter /
Director / Partner/ Proprietor/ Shareholder)
1. Name of Promoter/Director/Partner/Proprietor/Shareholder ______________________
______________________________________________________________________
2. Father's /Husband's Name________________________________ Age _____________
3. Address: Office _________________________________________________________
______________________________________________________________________
Residence ______________________________________________________________
______________________________________________________________________
Phone No(s)/Mob No: _____________________________ Fax No(s) ______________
E-mail ________________________________________________________________
Pan number and Aadhaar number____________________________________________

Verification

The particulars given above pertain to me and are true to the best of my knowledge and belief. I and/
or any of my units stated above are not defaulters of any financial institution(s)/banks(s)/Noida
/Greater Noida.

Date: Signatory must be the promoter/Director / Partner/Proprietor

Place: to whom the above details pertain.

NOTE:

1. No correspondence shall be made with applicants, whose application(s) are rejected

/unsuccessful. However, their registration money would be refunded by Authority through e-
banking/RTGS/NEFT without any interest if the period of deposit of such money with
YEIDA is less than 1 year. However, if the period of deposit is more than 1 year simple
interest at the rate 4% per annum shall be paid for the period of deposit extending 1(one)
year.

2. In case of any conflict/dispute the decision of the Chief Executive Officer, Yamuna
Expressway Industrial Development Authority shall be final and binding on the applicant(s).

33
4.7 Annexure C

The following is the list of industry which may be permitted in industrial area developed
by Yamuna Expressway Industrial Development Authority
S.No. Name of the Project
1. Agarbatti and Similar Products
2. Agriculture appliances and implements
3. Agro and food processing industry
4. Air conditioner(s)& its parts
5. Aluminium doors/windows/fittings/furniture
6. Aluminium-wares, moulds of cakes and pastry
7. Assembly and repair of cycles
8. Assembly and repairs of electrical gadgets/goods
9. Assembly and repair of sewing machines
10. Atta chakki and spices and dal grinding
11. Attache, Suitcases Brief cases & bags
12. Auto Parts
13. Auto Mobile service/repair Workshop only on plot area of 400 sq. mtr. & above
14. Batik works
15. Battery charging
16. Belts and buckles
17. Biscuit, pappy, cakes, & cookies making
18. Block making and photo enlarging
19 Brass fitting
20. Bread & Bakeries
21. Brushes & Brooms
22. Buckets
23. Builder hardware
24. Bulbs (battery)
25. Buttons clips & hooks
26. Button making, fixing of buttons & hooks
27. Calico and Textile products
28. Candies, Sweets, Rasmalai etc.
29. Candles
30. Cane and Bamboo products
31. Canvas Bags & Hold-all makings
32. Cardboard Boxes
33. Carpentry
34. Terrazzo tiles, paving, jallies of Cement
35. Assembly of Centrifugal pumps & small turbines
36. Citrus fruit concentrate
37. Clay modeling
38. Cold storage & refrigeration
39 Collapsible gates railing & grill
40. Conduit pipes
41. Confectionery candies and sweet
42. Copper and brass Art wares
43. Copper Metal parts
44. Copper-ware and utensils
45. Cordage, rope and twine making

34
46. Cotton and silkscreen printing
47. Cotton ginning
48. Cotton/silk Printing (By Hand)
49. Crayons
50. Cutlery
51. Cycle chain
52. Cycle locks
53. Dal milling
54. Data Processing Centers
55. Decorative goods
56. Dehydrated vegetables
57. Diamond cutting and polishing work
58. Dies for plastic moldings
59. Door shutters and windows
60. Pharma products (Permissible under Drugs and Cosmetics Act)
61. Dyeing, bleaching, finishing processing cloth (including mercerizing,
calendaring, glazing etc. only in garments clusters)
62. Elastic products.
63. Electric fans
64. Electric fittings (switch, plug, pin etc.)
65. Electric lamp shades, fixtures
66. Electric Motor and parts
67. Electric Press assembling
68. Electric appliances (room heaters, lamps etc.) and other electrical goods
69. Electrical motors, transformers and generators
70. Electronic goods and ESDM
71. Embroidery
72. Enamel ware
73. Engineering works
74. Expanded metals
75. Fabrication (like trusses and frames)
76. Fire fighting equipments
77. Flour mills
78. Fluorescent lights & fittings (including neon signs)
79. Fountain pen, Ball pen and felt pens
80. Footwear
81. Framing of pictures and mirrors
82. Fruit canning
83. Glass work (assembly type)
84. Gold and Silver Thread Kalabattu
85. Grading, waxing and polishing of fruits
86. Only Blending/Repacking of Grease & Oils
87. Healthcare equipments and products (Permissible under Drugs and Cosmetics Act)
88. Helmets
89. Hats, caps turbans including embroideries
90. Hinges and Hardware
91. House hold/kitchen appliances
92. Hydraulic Press
93. Ice boxes and body of the coolers
94. Labels/ Stickers
95. Ice-Cream
96. Industrial fasteners
97. Ink making for fountain pens

35
98. Interlocking & buttoning
99. Ivory Carving
100. Jewellery items
101. Juicer (only assembly)
102. Jute products
103. Key rings
104. Khadi and Handlooms Products
105. Knife making
106. Laboratory porcelain, dental porcelain work
107. Kulfi and confectionery
108. Lace work and like
109. Lamps and burners
110. Lantern. Torches and flash lights
111. Lathe machines
112. Laundry & dry-cleaning
113. Leather and raxine made ups.
114. Leather footwear
115. Leather Upholstery and other leather goods
116. Locks
117. Manufacturing of trunks and metal Boxes
118. Marble stone items
119. Metal containers
120. Metal letter cutting
121. Metal polishing
122. Milk creams separators and mixers
123. Milk testing equipments
124. Milling of pulses
125. Miscellaneous machines parts
126. Motor winding works
127. Musical instruments (including repairs)
128. Name plate making
129. Nuts/Bolts/Pulleys/Chains and gears Oil Stoves, Pressure Lamps and Accessories
130. Optical instruments
131. Ornamental leather goods like purses, handbags
132. P.V.C. Compound
133. P.V.C. Products
134. Padlock and pressed locks
135. Formulation only of paints & Thinners
136. Pan Masala
137. Paper products
138. Paper cutting machine
139. Paper making machine
140. Paper stationery items and book binding
141. Totally mechanized and automatic unit for pasteurized milk and its products
142. Perfumery and cosmetics
143. Photo Type Setting
144. Photographs, Printing (including signboard painting)
145. Photostat and cyclostyling
146. Pickles, Chutneys and Murabba
147. Pith hat, garlands of flowers and pith
148. Plastic products
149. Polish work
150. Polishing of plastic parts

36
151. Polythene bags
152. Precision instruments of all kinds
153. Preparation of Vadi & Papad etc.
154. Pressure cookers
155. Printing, book binding embossing and photographs etc.
156. Processed fruit and vegetables products
157. Processing of condiments, spices, groundnuts and dal etc.
158. Rakhee making
159. Rail coupling parts
160. Readymade Garments
161. Repairs of small domestic appliances and gadgets (like room heater, room
coolers, hot plates, lamps etc.)
162. Repair of watches and clocks
163. Rings and eyelets
164. Rolling shutters
165. Rubber products from mixed compound
166. Rubber stamps
167. Safety pins
168. Sanitary goods machining & fittings
169. Saree fall making
170. Scissors making
171. Screen printing
172. Screw & nails
173. Hardware & Peripherals of Computer
174. Sheet metal works
175. Shoe kmaking and repairing
176. Shoe laces
177. Silver foil making
178. Small electronic components
179. Small Machine & Machine tools
180. Spectacles optical frames
181. Spice grinding
182. Speedometers
183. Sports goods
184. Sprayers (hand and foot)
185. Stamp pads
186. Stapler pins
187. Stationery items (including educational and school drawing instruments)
188. Steel Almirahs
189. Steel Furniture's
190. Steel Lockers
191. Steel wire drawings
192. Steel wire products
193. Stone engraving
194. Stove pipe, safety pins and aluminum buttons (by hand press)
195. Structural steel fabrications
196. Surgical bandage rolling and cutting
197. Surgical goods
198. Surgical instruments and equipments
199. T.V. Radio cassette, recorders etc.
200. T.V./ Radio/transistor cabinets and Assembling
201. Table lamps and shades
202. Tailoring

37
203. Tomato ketchup & vegetable sauce
204. Containers lids
205. Tarpaulin & Tents including repairs (no processing & weaving)
206. Telephone and its parts
207. Thermometers
208. Thread balls and cotton fillings
209. Tin box making
210. Tractor parts
211. Transformer covers
212. Typewriter parts manufacturing and assembling
213. Tyre retreading with cold process only
214. Umbrella assembly
215. Upholstery springs and other springs (no heat treatment)
216. Utensils
217. Assembly of vacuum flasks
218. Velvet embroidered shoes/shawls
219. Veneer of plywood
220. Vermicelli and macaroni
221. Vinegar and juice
222. Watches and clocks parts
223. Water meters
224. Water meters repairing
225. Water Tanks
226. Wax polishing
227. Weaning food
228. Welding works
229. Wire drawing coating and electric cable
230. Wire knitting
231. Wire netting
232. Wood carving and decorative wood wares
233. Wooden/cardboard jewellery boxes
234. Wool balling and lachee making
235. Wool knitting (with machine)
236. Writing and marking ink
237. X-ray machines
238. Zari Zardozi
239. Telecommunication equipment’s
240. Textile
Note: -
1. In addition of above if authority receives any new and unique type non-polluting
proposals may consider for allotment.

38
4.8Annexure-D

Yamuna Expressway Industrial Development Authority

List of Left-out vacant plots in Industrial Sector 32/33

SR. NO. PLOT NO. PLOTSIZE SECTOR
1 110 300 32
2 161 300 32
3 296 300 32
4 798 300 32
5 822 300 32
6 884 300 32
7 894 300 32
8 968 300 32
9 1005 300 32
10 1020 300 32
11 1023 300 32
12 1044 300 32
13 1144 300 32
14 1145 300 32
15 1216 300 32
16 1218 300 32
17 1474 300 32
18 1479 300 32
19 1483 300 32
20 1503 300 32
21 1525 300 32
22 1526 300 32
23 1558 300 32
24 1573 300 32
25 1581 300 32
26 89 450 32
27 555 450 32
28 557 450 32
29 563 450 32
30 652 450 32
31 656 450 32
32 721 450 32
33 749 450 32
34 1453 450 32
35 1610 450 32
36 1618 450 32
37 1624 450 32
38 1658 450 32
39 1659 450 32
40 1734 450 32
41 1748 450 32
42 1777 450 32
43 1845 450 32
44 389 595 32
45 400 595 32
46 1104 595 32
47 1872 595 32
The above list is indicative number of plots may increase as and when available.

39
4.9Annexure- E

Yamuna Expressway Industrial Development Authority INDEMNITY BOND (To be furnished on non-
judicial stamp paper of Rs. 100/- duly attested by notary public)

Indemnity Bond For Ensuring The Quality Of Development/Construction

This Indemnity Bond is executed on …… day of ……..…. 2018 by Mr./Mrs. ………….. in favour of Yamuna
Expressway Industrial Development Authority (A body constituted under section-3 of the Uttar Pradesh
Industrial area development Act 1976).
Here inafter referred to as Authority show as under …………………….........................

The Allottee/Lessee shall be wholly and solely responsible for the implementation of the Project and also for
ensuring the quality of development/construction, subsequent operations and maintenance of facilities and
services, till such time that an alternate agency for such work is identified and legally appointed by the
Allottee/Lessee. The Allottee/Lessee is executingthis indemnity bond, indemnifying YEIDA against all
disputes arising out of:-
i. The non-completion of work.
ii. The quality and validity of development, construction, operations and maintenance.
iii. Any legal dispute arising out of allotment, lease and/or sub-lease to the final purchaser.

Now therefore this indemnity Bond is executed and I the above named allottee/lessee hereby agree to
indemnify the authority against all claims, losses of damages or claims which may be preferred by any other
person on the basis of any document executed by me.
I, therefore, execute this Indemnity Bond in favour of the Authority in presence of the following:-

1. Witness

2. EXECUTANT

40