Interest Reimbursement Scheme

This Interest Reimbursement Scheme (“Scheme”) is offered by DSR Group (“Developer”) to eligible purchasers of residential units in selected projects.

1. Scheme Structure

1.1 Under this Scheme, the Customer shall pay the applicable Pre-EMI interest to the lending Bank/Financial Institution as per the Loan Agreement.

1.2 The Developer shall reimburse to the Customer the Pre-EMI interest amount actually paid by the Customer, subject to the terms herein.

1.3 This Scheme applies only until the earlier of:

• The date of flat handover for interior.
• The maximum reimbursement period up to dated……………
• Occurrence of Customer default.

2. Eligibility Conditions

The Scheme is applicable only if:

• The unit is booked under the officially notified Scheme.
• The Customer avails a home loan from an approved bank/financial institution.
• Loan disbursement follows the construction-linked schedule.
• The Customer executes all agreements within stipulated timelines.
• There is no payment default by the Customer.

3. Scope of Reimbursement

3.1 The Developer shall reimburse only the interest (Pre-EMI) component paid by the Customer to the Bank.

3.2 Reimbursement shall be limited to:

• Interest on the disbursed loan amount.
• Interest calculated at the rate approved in the Loan Sanction Letter.

3.3 The following shall not be reimbursed:

• Principal repayment
• Penal interest
• Late payment charges
• Processing fees
• Legal charges
• Insurance premiums
• GST or statutory charges
• Interest arising due to excess or premature disbursement requested by Customer

4. Reimbursement Process

4.1 The Customer must submit:

• Bank statement showing interest debit
• Interest certificate from the Bank
• Written reimbursement request (if required)

4.2 Reimbursement shall be processed:

• On a monthly / quarterly basis (as specified in the Booking Form), or
• Within 15 working days of submission of valid proof.

4.3 Payment shall be made via bank transfer to the Customer’s registered bank account.

5. Customer Default

If the Customer:

• Delays payment to the Developer,
• Fails to honor construction-linked demands,
• Defaults under the Loan Agreement,
• Cancels the booking,

Then:

• The Scheme benefits shall immediately cease.
• The Developer shall have the right to recover any reimbursed amount.
• Cancellation terms shall apply as per Agreement for Sale.

6. Delay in Project Completion

6.1 Reimbursement shall continue only up to:

• The committed possession date as per Agreement; or
• The maximum reimbursement period mentioned in the Scheme.

6.2 The Scheme does not extend possession timelines or create additional financial liability beyond agreed limits.

7. Taxation

Any tax implications arising from reimbursement payments shall be borne by the Customer as per applicable laws.

8. Non-Transferability

This Scheme:

• Is non-transferable.
• Cannot be combined with other promotional offers unless approved in writing.

9. Developer’s Rights

The Developer reserves the right to:

• Approve or reject reimbursement claims if documentation is incomplete.
• Amend or withdraw the Scheme for future bookings without prior notice.

10. Acceptance

By opting for this Scheme, the Customer confirms:

• Understanding that reimbursement is not automatic and requires proof of payment.
• Only actual interest paid will be reimbursed.
• Principal repayment is not covered.
• Any default results in loss of benefits.