Company Terms & Conditions
- Application for allotment of apartments
should be made on the prescribed application form duly signed by the
applicant along with the Earnest money. The Company has the right to
accept or reject any application without assigning any reason thereto.
- On acceptance of an application,
the company will issue an allotment letter to the applicant on the
receipt of which the applicant/allottee shall start making payment as
per the schedule of payment in this Brochure Allotment of apartments are
made on first come first served basis.
- Payment of earnest money,
installments, car park costs, additional works and other charges shall
be made by Bank Draft of Pay Order against which respective receipts
will be issued. Bangladeshis residing abroad may remit payments in
foreign exchange by TT of DD.
- Payment of installments and all
other charges are to be made on due dates. The company may issue
reminders to the allottee but, notwithstanding the issue of reminders,
the allottee must adhere the schedule of payment to ensure timely
completion of construction.
- Delay in payments beyond the due date will make the allottee liable to pay a delay charge of 3% per 30 days on the amount of payment delayed. If the payments is delayed beyond 60 days, the company shall have the right to cancel the allotment without notice to the allottee. In such an event the amount paid by the allottee will be refunded after deducting the Earnest Money.
- Connection fees/charges, security
deposits and other incidental expanses relating to gas, water, sewerage
and electric connections are not include in the price of apartments.
These payments will be made by the company directly to the authorities
concerned, on the allottee's accounts. The allottee will be billed
proportionately on actual costs basis.
- Limited changes in the specifications, design and/or layout of the apartment and other facilities may be made by the company in larger overall interest of due to unavoidable reason.
- The possession of each apartment
shall be duly handed over to the allottee on completion and on full
payment of installments and other charges. Till then the possession will
rest with the company.
- The allottee will pay stamps
duties, registration fees, value added tax, documentation charges and
other miscellaneous taxes and expenses to be incurred in connection with
the deed of conveyance (Sales Deed). Only the actual sums shall be
charged.
- Upon registrations, the flat owner
irrespective of the floor becomes the proportionate owner of the land
on which the building is to be constructed.
- Should the purchaser be wanting to
avail loan from any finical institutions the company will do all that
is possible to help secure the loan. However the final decision
regarding the grant of loan rests with the financial institution and
with the compliance. All the necessary papers for grant the loan must be
signed by the purchaser and he/she must attend the Registration office
for the registration the mortgage deed. Irrespective of the loan being
sanctioned or not, the client will be liable to pay as per schedule
installments.
