| 1. |
All payment by demand drafts/ local cheques drawn in favour of Prisunic Builders (P) Ltd., payable at Kozhikode. |
| |
|
| 2. |
Building tax, VAT, work contract tax, Deposit for Power, Deposit for Water connection, deposit to owner’s Association, share of transformer & cabling, contribution to construction workers welfare fund, service tax, Statutory deposits and other deposits are to be paid by purchaser. |
| |
|
| 3. |
Possession will be handed over only on receipt of entire amount payable as per clause 2 above and after completion of payment to the Builders. |
| |
|
| 4. |
Acceptance of application form and allotment of Villas/Apartments shall be entirely at the discretion of the promoter. |
| |
|
| 5. |
Dimensions and details provided in the brochure are approximate and are subject to minor alteration without notice. |
| |
|
| 6. |
The area is inclusive of common area and wall thickness. |
| |
|
| 7. |
If payments are not made as per agreements signed, builder reserves right to cancel the allotment. On cancellation, amount collected will be refunded only after re-allotment and without any interest. If there is any arrears in payment arised builder has the right to charge 18 % interest per annum on all amounts. |
| |
|
| Documentation |
| The documents for a Villa are: |
| 1. |
A land agreement and an agreement to construct, executed between the builder and the purchaser. |
| |
|
| 2. |
A registered sale deed for the undivided share in the land. Registration charges and other incidental expenses for registration of undivided share in the land will be to the purchaser’s account, to be paid at the time of registration of land. |
| |
|
| Maintenance |
| Owner’s Association will be formed on handing over the Villa/Apartment. The Owners Association will carry out the complete maintenance and repairs of exclusive common facilities. Membership in association is compulsory. Maintenance charges/ deposits to be paid by each owner. |
