37. Letter of Intent to Purchase Commercial Property

Rohan Khanna
CEO, Khanna Enterprises
305, Lotus Tower, MG Road
Indore, Madhya Pradesh 452001
Email: rohan@khannaenterprises.com
Phone: +91 731 4567 890

April 22, 2024

Mr. Vijay Singh
Owner, Singh Properties
408, Silver Business Hub, Navlakha
Indore, Madhya Pradesh 452002

Dear Mr. Singh,
I hope this letter finds you well. I am writing to express Khanna Enterprises’ interest in purchasing the commercial property located at 408, Silver Business Hub, Navlakha, Indore, currently owned by Singh Properties. After our initial discussions and having conducted a thorough evaluation of the property, we are convinced that this space is perfectly suited to accommodate our expanding operations.
Property Details:
• Address: 408, Silver Business Hub, Navlakha, Indore, Madhya Pradesh 452002
• Square Footage: 10,000 sq. ft.
• Intended Use: Office Space for Khanna Enterprises
Terms of Intent:
• Offer Price: INR 2,50,00,000 (Two Crores Fifty Lakhs Only)
• Due Diligence Period: 45 days from the acceptance of this letter of intent
• Closing Date: To be determined upon completion of due diligence
This letter of intent serves as a preliminary agreement between Khanna Enterprises and Singh Properties and is subject to the completion of due diligence, including but not limited to, a comprehensive property inspection, verification of property documents, and agreement on final terms and conditions by both parties.
We believe this acquisition will be mutually beneficial, providing Khanna Enterprises with the necessary space to grow while ensuring a smooth and profitable transaction for Singh Properties. We are prepared to proceed with formal negotiations and to quickly move towards finalizing the purchase agreement upon completion of the due diligence process.
Please consider this letter as a formal expression of our intent to purchase the aforementioned property. We are eager to discuss the next steps and any conditions or concerns you may have regarding this potential transaction.
Thank you for considering our offer. I look forward to your positive response and the opportunity to further our discussions. Please feel free to contact me directly at rohan@khannaenterprises.com or +91 731 4567 890 to arrange a meeting at your earliest convenience.
Warm regards,

Rohan Khanna
CEO
Khanna Enterprises