Challakere / Hiriyur A.

Property
1. What is the Product? Contiguous Half Acre* proposed Non Agricultural Plots
(*Plot Area is inclusive of Road Area.)

2. What is the total area of the project? Total extent of the project 500 Acres 3. What is the total number of plots on offer? Phase One 48 plots 4. What is the area of each plot? Each plot is half an acre 5. How much is the FSI? The FSI is 1:1 6. When will I get the possession of the land? Once the registration is done and ownership is transferred on the clients name. 7. Where is the location of this project? It is ideally located in Kyathanamale village in the Challakere Taluka and bordering Hiriyur Taluka. 24 Kms from Hiriyur Town 35 Kms from Challakere Town 50 Kms from Sira town 52 kms from Chitradurga District 55 Kms from Chitradurga railway station 100 Kms from Tumkur 118 Kms from Davanagree District 134 Kms from Anantapur 165 Kms from Bangalore International Airport 176 Kms from Bangalore

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B. Infrastructure
1. What is the distance from the nearest airport, railway station or highway? Air The International Airport is at Devanahalli just 165 kms from the property. Rail - The closest railway station is the Chitradurga railway station which is 55 kms away. Road There are good roads connecting from Bangalore and nearby Talukas

2. What are the unique features of the location? Mahika is surrounded by developing Talukas in Chitradurga District and is located at Kyathanamale village, Challakere Taluka and bordering Hiriyur Taluka. Close proximity to NH 4 and NH 7 and SH roads which attract lots of development schemes. Situated amongst the developing Talukas of North Karnataka, this assures definite growth in the long run. Hiriyur and its surroundings are famous for Horticulture and Agro resources. The place is very famous as the centre point for all the regional (rural) markets. The 'santhe' (Mari Kanve an architectural masterpiece built across the Vedavati River) attracts alot of people from all over the district. All the buses from Bangalore going towards Hubli, Belgaum, Davanagere, and Bellary pass through Hiriyur.

3. Is there a Motor able road to the property? Presently, there exist 30 feet of Government village road to the property and a motor able Tar road will be provided inside the layout for easy accessibility to the plot. 4. What is the Terrain like? It is Flat Terrain. 5. What is the topography of the place? The land has dry red soil with flat terrain. 6. What is the local population in that area? Total population of Challakere Taluk - 49,065 (2001 census) Hiriyur Taluk -48,772 (2001 census) 7. What is the zoning of the property? Agricultural Free Zone (Free Zone - Land can be converted into N/A after approval)

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C. Developments
1. Which are the major cities close to the property? Bangalore City, Chitradurga District and Hiriyur Taluka. 2. What are the developments in the area? Challakere is known as the 'oil city' of Karnataka and is India's second largest producer/supplier of edible oil after Mumbai. There are as many as 60+ oil industries in Challakere. Not only oil, several other industries like dal, fried gram, rice etc. are also present. The commercial activity is comparable with that of a standard district. However, the business turnover is pretty huge. Defence Research and Development Organization (DRDO) had identified 3,000 acres of land at Hiriyur and Challakere talukas of the district, for a flying test range centre for unmanned aerial vehicles. Additionally, the Indian Institute of Science has sought 1750 acres to set up a research center in Challakere taluk. A Steel factory will also be set up on an extent of 100 acres of land, just 18 kms from Mahika. Hiriyur, Chitradurga and its surroundings are famous for Horticulture and Agro resources. This district has abundant agro and horticultural resources, which can be utilized by the candidate industries. The rich soil of the region has contributed to Chitradurga's flourishing agriculture industry. Successful growth of cotton has served as a foundation for the establishment of its famous textile industry. The Central Government has taken many initiatives in providing world class road connectivity around Bangalore. They are six laning the BangaloreNelamangala stretch of NH-4, including a 4 km long elevated corridor. They will also four-lane the Bangalore-Devanahalli section of NH-7 with some parts being made six-lane. These projects will greatly facilitate travel to and from North Karnataka. KIOCL (Kudremukh Iron Ore Company Limited) has obtained a mining lease at Chikkanayakanahalli in the Tumkur district by the state government. This will boost the whole belt of Tumkur Chitradurga. The most-ambitious Peripheral Ring Road (PRR) project in Bangalore. The primary features of the BMIC Project include 75 Meter wide 41 Kilometer Peripheral Road Connecting NH 4 Bangalore Pune road, Magadi Road, Mysore Road, Kanakapura Road, Bannergatta Road and NH 7 Hosur Road. About 11.5 km away from the outer ring road, the PRR will connect Tumkur road, Magadi road, Mysore road, Bellary road, Old Madras road, Hosur road and Kanakapura road. These 16 Interchanges act as mini commercial hubs besides facilitating easy entry and exits for the road users. This project aims to bridge the urban and rural divide and aims to accelerate the development of area widely perceived as the economic backbone of Karnataka.

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These rapid developments become an accelerator for appreciation of this area and make Mahika a sought after destination for investment. 3. What are the current property rates in the area and any future projections if available? Developed land close to Mahika ranges from 4 to 5 lakhs per half acre. 4. What is the USP of this project? Legally clear titled land Developed Land Proposed Panchyat N/A Land Easy installment scheme

D. Legal & Registration

1. Who has legal ownership of the Land? Ownership of the land is in Expats nominee name. 2. Are the legal documents in place with clear titles? Yes 3. What are the booking amount and the payment schedule & Payment structure? Full Payment Rs. 1, 90,000 EMI Total consideration Rs. 2, 30,000 Down Payment Rs. 50,000 EMI Rs. 3000 for 60 months
*Rates are subject to changes

4. Which documents would be issued upon down payment? Receipt of payment and the Agreement of Sale will be issued along with the Allotment Letter after all 60 PDCs are in place. Registration of plots will be executed anytime after full payment. 5. When will I be able to select my plot? On down payment you will be able to select your plot on a first come first serve basis.

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6. When we can start construction on the plots? Construction on the plots can be started in 15 20 days from the time the plot has been registered in the clients name. 7. When will I be able to register the plot? Once the entire payment is made 8. What are the registration and stamp duty charges? 6.68% - Stamp Duty 1% - Registration All on the guide lines given by the Panchayat on the value of the property at the time of registration. (Subject to changes as per government policies) 9. What are the other charges apart from the registration and stamp duty charges? Apart from Stamp Duty and Registration charges there will be charges for legal, liasoning and administration charges. The charges for this will be advised by your sales executive at the time of registration. 10.Are there any other additional cost? Other than the Stamp Duty and Registration charges you will have to incur the cost for the NA conversion. Note all these charges are incurred towards the Government. 11.Can the plot be transferred without registering, during the lock in period to someone else? Yes it can be done if the full payment is received from the existing customer with a nominal fee. 12.Which are the documents that I would receive after the registration? Sale deed and the patta copy 13.Will I be assisted in the resale of their property after the registration? If so what is the transfer charges/brokerage charges involved? Yes, at a cost The charges will be decided at the time of resale. 14.What is the timeline for the NA approval? By end of July 2010 15.Will Expat assist in converting the land? Yes 16.When will the developments on the property be completed? It will be completed by end of 5 years since its an OP5K project
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17.Why is the property papers not registered in the Companys name? As a company we cannot buy agricultural land so we have procured land in the name of nominee of the company (the nomination documents can be produced if needed) 18.What is the procedure to cancel my purchase during the tenure of the installment? Will there be a refund of the en cashed cheques? Please refer to the TRA documents

E. Facilities & Amenities

1. Who will maintain the property after possession? The Society 2. What would be the maintenance charges & society formation charges if applicable? As decided by the society 3. What are the measures taken for security? Expat will ensure against encroachment till the society is formed. 4. What is the source for electricity & water? How will it be distributed? Water and electricity will be provided by the Panchayat. 5. When can I start using my land? Once the owner ship is transferred in the clients name 6. How will my plot be demarcated in the layout? Corner stone demarcation

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