Allotment: Allotment shall be made on first come first serve basis on receipt of the booking money as per application for Apartment and parking space. Allotment preference: Buyers willing to make one time payment will be given preference and 8% discount may be allowed to them except on the booking money, utility fees and cost of parking space.
Allotment preference: Buyers willing to make one time payment will be given preference and 8% discount may be allowed to them except on the booking money, utility fees and cost of parking space.
Allotment transfer: Until the full payments of the installments, the buyers shall not have the right to transfer the allotment to a third party without the concern of the company.
Payment: That, the time so fixed for payment of the price of the Apartment along with undivided & undemarcated land shall be the essence of the contact. If the Second Party fails to pay the installment without any reasonable causes as per schedule on due date, additional 2% per 30 days shall be charged on unpaid amount become due. Failure of payment of installment in exceed 60 days the First Party (developer) shall have the right to cancel the allotment. In such event, the amount paid by purchaser will be refunded after deduction of incidental charged of paid amount @ 5% after selling the Apartment to a new buyer.
Company\'s right: The company reserves the right to accept or reject application for allotment of an apartment. The company may make minor change in the design and speciation of the project should those become necessary.
Registration costs: The buyer shall bear all costs relating to Cost of stamp, Transfer fees, Registration fees, VAT/Tax, Gain Tax and related legal fees etc. The company will make necessary arrangement for all such formalities.
Incidental costs: Utility connection fees, Flat Owner Co-operative Society (FOCS) one time deposit, materials cost (if additional) and other incidental charges and cost relating to gas, water, sewerage, power connection etc. are not including in the price of apartment . The buyer shall make those payment to the authorities connected. The expenditure on these accounts may be initially done by the company; owner of the apartment shall reimburse the amount before taking over possession of the apartment.
Cancellation of Booking: In case of any cancellation of booking of an apartment by a client, in such event, the amount paid by the purchaser will be refunded after deduction of incidental charged of paid amount @ 5% after selling the Apartment to a new buyer.
Handing over of Possession: The possession of the apartment and parking space will be handed over on receipt of all payments and on completion of all works as per time schedule of the company.
Flat Owner Co-operative Society: The buyer must become a member of the Flat Owner Co-operative Society which will be formed by the buyer of the apartment for the management of the common services. Each buyer of an apartment shall get one share and shall deposit Tk. 10,000/- (Ten thousand) (more or less) only as one time deposit for the society. The monthly utility service expenses will be borne by the owner/buyers as per requirement, which will be decided by the company until formation of the Owners Co-operative Society.