PvPROPVIDHIEnter the Protocol
13GLOSSARY

Allotment Letter

A developer's confirmation that a unit is allotted to a buyer.

An Allotment Letter is issued by a developer to confirm that a specific unit has been allotted to a buyer, usually setting out the price, payment schedule, and unit details. It commonly follows the booking and precedes the sale agreement.

Related terms

Booking Amount
An initial payment to reserve a unit.
Agreement to Sell
A contract to transfer property on agreed future terms.
Possession
The handover of a completed unit to the buyer.