V.K. Jain, Presiding Member—Vide application dated 24.6.2014, signed by the complainants as well as by the Sales Manager of the opposite party, the complainants booked a residential apartment being Unit No.2001 on the 20th floor, admeasuring 1660 sq. ft. of carpet area in tower 24 of a Project namely Lodha Belmondo, which the opposite party is developing in Pune. The total consideration for the aforesaid unit was agreed at Rs.1,68,88,095/-. The complainant has already paid 19.9% of total agreed sale consideration to the opposite party. The opposite party issued an allotment letter dated 15.7.2014 to the complainants referring to their application dated 24.6.2014 and inter-alia stating that the terms and conditions as stated in the application form shall continue to be binding in respect of the allotment of the flat. Vide Email dated 17.7.2014, the opposite party sent the payment schedule to the complainants. As per the said schedule, the application money-1, application money-2 and the second instalment were payable by 14.7.2014, whereas as many as 10 instalments were payable on 04.8.2014. The second last instalment amounting to Rs.8,44,405/- was payable on external painting a