ALLOTMENT

Allotment shall be made on first come, first serve basis on receipt of the booking money as per application.

 

ALLOTMENT PREFERENCE

Buyers willing to make one time payment will be given preference and 5% discount may be allowed to them except on the booking money and cost of parking space.

 

ALLOTMENT TRANSFER

Until the full payment of the installments, the buyers shall not have the right to transfer the allotment to a third party without consent of the company.

 

PAYMENT

All payments are to be made by crossed Cheque/Bank Draft/Pay Order etc. The buyers must strictly adhere to the schedule of payment to ensure timely completion of the construction work. Any delay in payment 7 days will make the buyer liable to pay 3% interest per month on the payable amount. If the payment is delayed beyond 45 days the company shall have the right to cancel the allotment. In such an event the amount paid by the buyer will be refunded after deducting Tk. 1,00,000/- (One lac) only from the booking money.

 

CANCELATION OF BOOKING

In case of any cancellation of booking/allotment of an apartment by a client, the amount deposited will be refunded after selling of that apartment to the new buyer and on deduction of incidental charges of Tk. 1,00,000/- (One Lac) only.

 

COMPANY'S RIGHT

The company reserves the right to accept or reject application for an allotment of apartment. The company may make any kind of changes in the design and specifiacation of the project should those become necessary.

 

REGISTRATION COST

The buyer shall bear all costs relating to cost of stamps, registration fees, VAT, Tax and related legal fees etc. The company will make necessary arrangements for all such formalities regarding registration.

 

INCIDENTAL COST

Utility connection fees, flat owners co-operative society fee and other incidental charges and costs relating to Gas, Water, Sewerage, Power & Solar Pannel connection etc. are not included in the price of the apartment. The company will make those payments directly to the concerned authorities account. The allottee shall have to pay those charged apartment wise on actual cost basis before taking possession of the apartment.

 

HAND OVER OF POSSESSION

The possession of the apartment and parking space will be habded over on receipt of full payment and on completion of all works as per time schedule of the company.

 

APARTMENT OWNER'S CO-OPERATIVE SOCIETY

The buyer must become a member of the owner's co-operative society which will be formed by the buyer of apartment and duly registered under the society Act. for the management of the common services such as, pumps, electric generator, (if any) and annual maintenance of the building etc. each buyer of the apartment shall deposit @ Tk. 20,000/- (Taka twenty thousand) only for one time deposit. The monthly utility service expenses will be borne by the owners as per requirment, which will be decided by the company until formation of owner's co-operative society and after formation of Apartment owner's association that will be decided by the Society.

 

TIME OF COMPLETION

The Completion time of the project is 36/42 months from the date of starting of construction. The time so fixed is extendable if it becmomes necessary on account of act of God, natural calamity, strikes, civil commotion or any other reason beyond the control of the company. Hand over date of the Projects has shown in the respective Brochure.