Idea. Co

Domestic Investors means Indian Resident Investors. Any Domestic Investor irrespective of its location in India can invest their savings/funds in LifeStyle Properties on Project Based Investment Basis.

What is Project Based Investment?
A project based investment is, wherein investor’s funds are allocated to a specific project which can be Building / Construction of Residential, Commercial or Retail Properties or Land Development Process. In either of the projects Investor Funds are invested. On completion of Projects, the investor’s actual fund of investment is refunded with the actual profit.

Who can be a Project Based Investor?
A Project Based Investor can be a Farmer, Business Man, Professional, Sole Proprietary Firm, Partnership Firm, Hindu Undivided Family, Private Limited Company, Co-Operative Society, Limited Liability Partnership Company, Joint Stock Company and Multi National Company.

What is the eligibility for Project Based Investor?
Except Farmers (Agriculturist) all the other form of Investors should be an Assessee as per the Income Tax Authority of India and filing regular returns as per the Income Tax Act of 1962

For Famers (Agriculturist), they must be registered farmers possessing their legal entitlement mentioned in “Kisan Patrika”.

• It’s very essential for the Investors to discuss the matter related to Investment with the LifeStyle Properties (LSP) Experts and thoroughly understand the entire process of activity.
  
• All the funds as Investment Funds in LifeStyle Properties will be acceptable in Cheque/RTGS/NEFT/Demand Draft or by any systematic legal tools. We don’t entertain any transaction in Cash Terms. So NO CASH Please.
  
• The transaction and business details shall be systematically drafted in the form of Investment Agreement on Rs. 100.00 Indian Government Stamp Paper, duly accented by the Investor, Investee and competent legal authority. Which would include the project details and investment details in utmost transparent pattern?
  
• All Investment Forums shall be strictly restricted to the specific project of investment. On Completion and Sales of Property, the profits shall be distributed on Project’s Capital Sharing Ratio Basis and Principal Amount of Investment shall be refunded at the same time. Then after, the investors can decide either to reinvest in future projects or to sort some other source of investment. Reinvestment after distribution of profits (Margins) is the autonomous decision of the Investor.
  
• In Project Based Investment, the investors need not to consider themselves as Partners of the LifeStyle Properties. They are Investors and not partners, these investors are Profit Sharing Partners only. There’s no guaranteed rate of return in Real Estate Business Ventures, but normally they are pretty high then the other investment options.
  
• On completion and sales of any Property in which the Investors have invested the fund, they will be called upon to attend Project Compliance Meeting. Wherein, each and every detail of Expenditure and Revenue with relevant fact sheet will be discussed with them. Investors will be given each and every micro and macro details of project in Hard Copy for their reference and analyze the same in needful pattern.
  
• The ongoing property development process and sales activity of the same will be updated routinely to the Investors either through Phone Calls or through E-Mail.
  
• During the Property Development Process, if any properties are sold by the special efforts of the Investors at the LifeStyle Properties Pricing Structure. The active investor’s effort shall be appreciated by a special business incentive payable @ 1% of the Property Sales Value, which is acceptable to LifeStyle Properties and its other Investors invested in the same Property Development Process.
  
• If any investor books a property for self use or for investment in fixed assets, no change in the pricing policy would be entertained. The investors have to pay the value of the property as per the norms and payment structure of LifeStyle Properties. Also, no appeals related to adjustment of the property value payments against the margins or principal amount would be entertained.
  
• In the Work in Progress phase of any Property Development, if any Investor wants to suspend the Investment Agreement in that case the Principle Amount shall be paid either in Cash or Cheque/RTGS/NEFT/Demand Draft as convenient at that point of time. In such case of agreement suspension, the investors cannot claim any return in the form of Interest on Fund Investment. The decision of suspension was the autonomous will of the investor. The refund of the principal amount shall be payable with in a period of 30 days from the date of suspension.
  
• During the course of Property Development and value additions, the investors can visit the development site any number of times to get the live scores of development, but it’s requested to not to interfere in the development or value addition process.
  
• All the decisions related to Property Development, Value Addition, Resource Management etc shall be exclusively under the control of the LifeStyle Properties. Wherein Investors would have a Zero Role of Action. The Investors can forward their valued and elite suggestions, tips and advises on demand by the LifeStyle Properties.
  
• The technical and physical material management process is an exclusive right of the LifeStyle Properties. Wherein no interference shall be entertained. The Lawyers, Architects, Structural Experts, Supply Chain etc shall be managed as per the standard requirements of the LifeStyle Properties. On requirement, necessary assistance shall be sought from the Investors.
  
• If any investors want to be become Active Investors, they can handle the property sites under its supervision. For which no additional amount in the form of remuneration shall be payable. The active investors will be trained by the LifeStyle Properties and they would have to administer the site as per the LifeStyle Properties guideline. Any loss, damage, theft, misappropriation etc under the Active Investors administrations shall be subject to deduction from the margins payable (or from principal amount of investment) after the completion of the project.
  
• The pricing policy of the properties developed by LifeStyle Properties would by structured by LifeStyle Properties. The investors would not be able to influence the same for personal purpose or self benefit. In fact, investors have to be just concerned about their margins in the capital sharing ratio.
  The simple or active investors of the LifeStyle Properties are requested to never forward Request, Preference or Favour for employing their friends and relative in LifeStyle Properties. Also no requests shall be entertained pertaining to Material Sourcing from their friends and relatives belonging to materials supply business.
  
• All the Project Compliance Meetings have to be attended by the actual investors in person. In their absence, their place cannot be substituted by their family members or relatives. At the time of Project Compliance Meeting all the investors have to submit their Investment Agreement to LifeStyle Properties and collect the principal amount and margins. The date and schedule of project compliance meeting is unalterable.
  
• The payment of Principal Amount and Margins shall be done part in Cash and other in Cheque/RTGS/NEFT/Demand Draft etc., as suitable from accounting point of view.
  All the fund management expenses in legal perspective as per India Laws have to be borne by LifeStyle Properties and Investors individually or mutually as the case may be, that would be decided on the occurrence of the situation.
  
• There’s no facility of Financial Drawings in the form of Loan, Lease, Grant, Favour etc in LifeStyle Properties by (for) Investors in the Project Based Investment System.
  
• All the Executive Powers and Decision Making Powers of any or all projects developed and administered by the LifeStyle Properties, having innumerable investors, irrespective of their investment ratio (share holding) would be under total Authorization of LifeStyle Properties on undisputable basis. Wherein the share holding or investment ratio would have zero influence over the same.
  
• All disputes of non settlement nature are subject to the court of laws and judiciary of Jamnagar District; Gujarat State of India.