In case of any increase/decrease in rate of Tax/Charge/Levy by Government or in case of levy of any fresh Tax/Charge/Levy * by Government, Total Price Payable by applicant/allottee shall increase/decrease accordingly.
In case Court or Government or Land Allotting Authority, enhances the cost of Land, enhanced amount along with interest if any, shall be borne by allottees of different units on Land and therefore Total Price payable by applicant/allottee to Promoter shall increase accordingly.
Stamp Duty, Registration Charges and Expenses involved in registration of Builder Buyer Agreement (i.e., BBA) as well as Conveyance deed/Sale Deed shall be borne by applicant/allottee separately
With effect from offer of possession of unit by the promoter, applicant/allottee shall be responsible to bear and pay reasonable charges to promoter/maintenance agency for providing maintenance services, till taking over of the maintenance of the project by the association of the allottees.
Applicant/Allottee shall pay the price of Unit in accordance with agreed Payment Plan. If the applicant/allottee delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate 18% per annum on defaulted amount for the period of default and if default continues more than 30 days promoter may after serving advance notice to applicant, cancel the booking.
Size of the Unit mentioned in this application is tentative.
In case applicant/allottee surrenders booking prior to execution of BBA or if Promoter cancels the booking due to default of applicant/allottee, prior to execution of BBA, application money paid by applicant plus applicable Taxes thereon shall be forfeited to Promoter towards cancellation charges.
Refund Policy:
Registration Amount is Fully Refundable within 30 days for Unsuccessful Applicants and Applicants not Interested after Provisional Allotment.
After the provisional allotment, if any applicant wishes to withdraw, they need to visit the site office and submit a written application for the same. After the application is received, the registration amount of INR 30,000/- would be refunded in full within 30 days.
In case there are Joint applicants/allottees all communications shall be sent by the Promoter to the applicant/allottee whose name appears first and at the address given by him/her which shall for all intents and purposes to consider as properly served on all the applicants/allottees
Till Builder Buyer Agreement (BBA) is executed, applicant shall have no interest in the Unit. Payment of Booking amount by applicant will not create any interest of applicant in the Unit.
All or any disputes arising out or touching upon or in relation to this booking, same shall be settled amicably by mutual discussion, failing which efforts shall be made for settlement through the process of mediation with assistance of any reputed mediation centres (like Mediation Centre established by Delhi Government, Mediation Centre at Delhi High Court) situated at New Delhi. In case dispute remains unresolved even after mediation same shall be settled through the mechanism of Arbitration as provided under The Arbitration and Conciliation Act, 1996. Cost of Arbitration shall be borne by both parties. Seat and Venue of Arbitration shall be at New Delhi.
Irrespective of the place at which this application has been signed and the place from where booking amount is paid, it shall always be deemed that application has been submitted to promoter at Kapashera, New Delhi and booking amount has also been paid to promoter at Kapashera, New Delhi.
I/we have read the aforesaid terms and conditions and accept the same.
I/we hereby declare that I/we have seen the seen the building plans of the Project and certificate of registration of the Project with Real Estate Regulatory Authority. I/we have also examined the Specimen Builder Buyer Agreement, which is acceptable to me.
I/we declare that information given in this application form is true and correct. In case if it is ever found that any information proviled by me in this application form is wrong, booking/allotment may be cancelled by promoter unilaterally even after execution of BBA.
