BUILDER-TO-SOCIETY HANDOVER LETTER AND CHECKLIST
Date: 7 April 2026
From: Sunrise Developers Private Limited, a company incorporated under the Companies Act, 2013, having its office at X (the "Promoter")
To: The Managing or Governing Committee, Sunrise Meadows Co-operative Housing Society Limited, a co-operative housing society registered under the Maharashtra Co-operative Societies Act, 1960, bearing registration number X dated 2 April 2026, having its registered address at X (the "Society")
Subject: Handover of documents, plans, common areas, accounts, deposits and warranties in respect of Sunrise Meadows Phase I — section 17(2) of the Real Estate (Regulation and Development) Act, 2016
1. THE PROJECT
1.1 This letter concerns the real estate project known as Sunrise Meadows Phase I, situated at X in Maharashtra, developed on the land described as: All that piece of land bearing CTS No. 412/3, Village Wadgaon Sheri, Taluka Haveli, admeasuring 6,240 square metres (the "Project").
1.2 The Project comprises 25,000 apartments together with the common areas and facilities serving them.
1.3 The occupancy certificate for the Project is: Full Occupancy Certificate No. PMC/BP/OC/1123 dated 14 March 2025.
1.4 The Project is registered with the Real Estate Regulatory Authority for Maharashtra under registration number P52100012345.
2. BASIS OF THIS HANDOVER
2.1 Under section 11(4)(e) of the Real Estate (Regulation and Development) Act, 2016 (the "Act") the Promoter is obliged to enable the formation of the association or society of allottees. The Society has been formed and registered as recorded above.
2.2 Under section 17(1) of the Act the Promoter is obliged to execute a registered conveyance of the apartment in favour of each allottee, together with the undivided proportionate title in the common areas in favour of the Society, and to hand over physical possession of the common areas to the Society.
2.3 Under section 17(2) of the Act, after obtaining the occupancy certificate and handing over physical possession to the allottees, the Promoter is responsible for handing over the necessary documents and plans, including in respect of common areas, to the Society as per the local laws.
2.4 This letter and the checklist at Schedule A are issued in performance of those obligations. This letter does not operate as a conveyance and does not by itself transfer any right, title or interest in the land or in the structure of the Project.
3. PART A — HANDOVER BY THE PROMOTER
3.1 The Promoter hereby hands over to the Society, with effect from 1 April 2026, physical possession of the common areas and facilities of the Project, together with the documents, plans, certificates, approvals, warranties, contracts, keys, deposits and records itemised in Schedule A.
3.2 Each item in Schedule A is to be marked, in ink and in the presence of both parties at the handover meeting, as "Received", "Not received" or "Not applicable". The Promoter confirms that the items marked "Received" have in fact been physically delivered to the Society in the form stated against them.
3.3 The Promoter confirms that the copies delivered are true and complete copies of the originals, that the originals of the title documents and statutory approvals will be delivered to the Society on execution and registration of the conveyance, and that no document itemised in Schedule A has been withheld or altered.
3.4 The person signing this letter for the Promoter is authorised to do so by a resolution of the Board of Directors passed on 28 March 2025, a copy of which is furnished to the Society with this letter.
4. CORPUS, ACCOUNTS AND DEPOSITS
4.1 The Promoter delivers with this letter a statement of account showing all maintenance and other sums collected from allottees, the application of those sums, and the balance held.
4.2 The Promoter hands over the corpus / sinking fund of ₹25,000 (Rupees Twenty Five Thousand only), transferred to the Society's bank account by RTGS UTR HDFC0001234567 dated 2 April 2025, together with the supporting bank statement.
4.3 The Promoter hands over the unspent maintenance balance of ₹25,000 (Rupees Twenty Five Thousand only), together with the supporting statement of receipts and payments.
4.4 The Society is entitled to have the accounts of sums collected from allottees examined by an auditor of its choice, at the Society's cost, and the Promoter shall make the underlying vouchers and bank statements available for that purpose. Acceptance of any sums recorded in this letter is without prejudice to any shortfall the examination discloses.
5. UNSOLD APARTMENTS
5.1 The number of apartments in the Project remaining unsold and retained by the Promoter as at the date of this letter is 25,000.
5.2 With effect from 1 April 2026 the Promoter shall pay to the Society all outgoings, maintenance charges and other contributions in respect of every apartment it retains — whether recorded in clause 5.1 or later found to be retained — at the same rates and on the same terms as apply to members of the Society.
5.3 Where the Promoter holds any such apartment as a member of the Society, arrears on it are recoverable by the Society in the same manner as arrears from any other member; in Maharashtra that route is a recovery certificate under section 101 of the Maharashtra Co-operative Societies Act, 1960.
6. INSURANCE
6.1 Under section 16 of the Act the Promoter is required, on formation of the association of allottees, to hand over to it all documents relating to the insurances obtained under that section. The insurance policies and the endorsements or letters assigning their benefit to the Society are itemised at Part H of Schedule A.
7. DEFECT LIABILITY
7.1 Under section 14(3) of the Act, where any structural defect or any other defect in workmanship, quality or provision of services, or any other obligation of the Promoter under the agreement for sale, is brought to the Promoter's notice by an allottee within five years from the date of handing over possession to that allottee, the Promoter must rectify it without further charge within thirty days; on failure, the allottee is entitled to compensation under the Act.
7.2 That five-year period runs separately for each allottee, from that allottee's own date of possession. It is not shortened, and does not begin afresh, by this handover or by anything signed in this letter.