8. That the Deponents have ensured that there is not unauthorized construction and/or use in
the property.
9. That the Documents and/or their spouse/dependent children are not member of any
cooperative/group housing society nor will become member of any co-operative/group
housing society operating in notified area of Greater Noida.
10. That the transferee and/or their spouse/dependent children do not apply for any PLOT/
FLAT/HOUSE in Greater Noida Industrial Development Authority and will not take
possession of any PLOT/FLAT/HOUSE in any pending scheme of GNIDA.
11. That the transferee shall inherit all the assets, liabilities connected with the above property
including liabilities on account of deviations made in the building or on account of violation
of terms and conditions of lease deed/sub-lease deed by the Transferor.
12. That the deponents shall pay to the Authority any outstanding dues along with the rate of
interest prescribed by GNIDA, on the date of transfer.
13. That the transferee shall abide by the terms and conditions of allotment and lease deed/ sub-
lease deed executed/or to be executed in respect of above property and other terms and
conditions indicated/communicated in any other subsequent letter/order or as may be
indicated from time to time by the Authority and would pay all dues/lease rent/ taxes/
penalties/local taxes etc. as per terms and conditions prescribed by the Authority from time
to time.
14. That in pursuance of the above said terms and conditions the transferee hereby agrees and
undertakes to indemnify the said Greater Noida Industrial Development Authority against
claims, demands expenses and liabilities whatsoever on account of any loss and damages, if
any, regarding the transfer of said plot purchased by indemnified from the transferor(s).
15. The Transferee shall not transfer his/her right without prior approval of the Authority in
writing which the Authority may refuse without assigning any reason or allow on such terms
and conditions as it may deem fit.
16. In the event of transfer being permitted by the Authority, the Transferee shall execute
transfer deed (in case lease deed has been executed by the transferor) within 90 days from
the date of issue of Transfer Memorandum, and thereafter on its acceptance by the
Authority, shall be entitled to lease hold rights for the remaining period of 90 years from the
date of execution of original lease document or possession of the PLOT/FLAT/ HOUSE
whichever is earlier. The transfer Deed shall be executed between Transfer and Transferee.
Transfer deed executed by other than Transferor shall not be accepted.
17. The lease rent of the subject property shall be payable by the Transferee as indicated by the
Authority. The transferee also understands that the revised lease rent/ground rent may be
enhanced after every 10 years from the date of execution of the original lease deed/legal
documents subject to the condition that the same shall not exceed 50% of the lease rent last
thus fixed.
18. The transferee shall put the PLOT/FLAT/HOUSE in the use exclusively for residential
purposes and shall not use it for any purpose other than residential.
19. The deponents understand that the Chief Executive Officer/Competent Officer of the
Authority shall have every right to amend or alter the terms and conditions as deemed fir
from time to time and such amendment/modification shall be binding on them.
20. The transferor and transferee abide that in the event of transfer being obtained through
misrepresentation/suppression of facts or in case of any breach/violation of any terms and
conditions stated herein and in this Affidavit, the Authority shall be free to take action as