Terms and Conditions

Please read these terms carefully before proceeding with registration or allotment.

1. The Allottee(s) confirms having full knowledge of all applicable laws, notifications, rules, regulations and policies governing the area in which the Project is situated and has fully satisfied himself/herself regarding the title, rights and interest of the Company and its collaborators in the land on which the Project is proposed to be developed.
2. The Company shall, at its sole discretion and in accordance with applicable laws, finalize and determine the building plans, layout, specifications, dimensions, quantity, standard and quality of materials, design, elevations and nature of facilities to be provided in the Project.
3. The Applicant understands and agrees that after completion of construction of the Project and grant of the Occupation Certificate / Part Occupation Certificate by the competent authority, the Company shall confirm the final area of the Affordable Shop / Commercial Unit and:
4. In case of reduction in the area, the excess amount paid shall be refunded within 90 (ninety) days.
5. In case of increase in area, not exceeding 5% (five percent) of the area mentioned in the Application, the Applicant shall pay the additional amount along with the next due installment at the agreed rate.
6. The Applicant is fully satisfied with the title, rights and interest of the Company and its collaborators in the Project and agrees to abide by all permissions, sanctions and directions issued by DTCP and/or any other competent authority.
7. The Applicant confirms having inspected the site and shall not rely solely upon building plans, brochures, advertisements or representations, whether written or oral, made by the Company.
8. Before taking possession of the Affordable Shop, the Applicant shall clear all dues and execute the conveyance deed in his/her favour after payment of applicable stamp duty, registration charges and statutory expenses.
9. After provisional allotment, if the Applicant wishes to withdraw, a written application must be submitted at the Site Office. The registration amount of INR 49,000/- shall be refunded in full within 30 days.
10. The registration amount of INR 49,000/- shall be refunded within 30 days to unsuccessful applicants or applicants not interested after provisional allotment.
11. Post provisional allotment, Applicants may choose/book shops of available sizes on a first-come, first-served basis.
12. The Applicant undertakes to comply with all applicable laws including the Real Estate (Regulation and Development) Act, 2016 and the rules framed thereunder.
13. The Applicant may avail loans from financial institutions. Refusal or delay in loan sanction shall not be a ground for non-payment. Any delayed payment shall attract applicable interest.
14. The Applicant, upon allotment, shall be liable to pay the total consideration, which includes the booking amount already paid.
15. Any change in applicable GST, taxes, levies or statutory charges shall be payable by the Applicant. GST shall also apply on interest, late fees and penalties for delayed payments.
16. The Company shall periodically intimate the Applicant in writing regarding amounts payable along with applicable statutory details.
17. External Development Charges (EDC), Infrastructure Development Charges (IDC) and other statutory charges shall be payable in addition to the consideration.
18. The consideration is escalation-free except for increases imposed by competent authorities. Such increases shall be supported by official notifications and shall apply only to subsequent payments.
19. Any default in payment shall attract interest as prescribed under applicable rules. Payments shall be made through approved banking modes.
20. The Company shall complete the Project on or before 16.10.2028. Upon receipt of the Occupation Certificate, a written Notice of Possession shall be issued, requiring possession to be taken within 3 (three) months.
21. Delay due to Force Majeure shall extend possession timelines without compensation. If the Project becomes impossible to implement due to Force Majeure, the allotment shall stand terminated and the entire amount paid shall be refunded within 90 days without interest, as per RERA provisions.
22. The Affordable Shop shall be used strictly for commercial purposes only, in accordance with zoning laws and permissions. The Applicant shall be responsible for maintenance after possession.
23. The Applicant shall be entitled only to the area within the boundaries of the allotted shop and may use common areas along with other allottees for designated purposes only.
24. The Applicant shall bear electricity, water and proportionate common area operational costs from the date of offer of possession.
25. The Company shall maintain roads, open spaces and public utilities for five (5) years from issuance of the Completion Certificate and thereafter transfer the same to the Government or local authority as per applicable laws.
26. The Applicant has no objection to the Company creating a charge/mortgage on the Project for raising finance, provided the same is cleared before handing over possession.
27. The Applicant shall inform the Company of any change in address in writing. Communications sent to the recorded address shall be deemed valid.
28. In case of joint Applicants, all communications shall be sent to the first Applicant and deemed received by all Applicants.
29. The rights and obligations of the parties shall be governed by the laws of India.
30. All disputes shall be resolved amicably, failing which they shall be referred to the Adjudicating Authority under RERA.
31. The Promoter proposes to provide an electrical load of 5 KW per shop, cost not included in the total price. Additional load shall be chargeable as decided by the Promoter.
32. The Applicant agrees to execute a separate maintenance agreement. Maintenance charges for the first three (3) months from issuance of the Occupation Certificate are included in the total price. Thereafter, maintenance charges shall be payable as determined by the Maintenance Agency.