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TERMS AND CONDITIONS
- Once allotted and agreement signed, the PRICES ARE FIRM.
- Cost of Stamp Paper, Registration charges, legal and miscellaneous expenses in connection with the registration of undivided share in land are to be borne by the purchasers. In case any additional stamp duty is claimed by the registration department, then that also has to be borne by the Purchaser.
- Other expenses to be borne by the client include all local taxes, Services tax, Value Added Tax (VAT) as applicable, Kerala Building Tax, Construction Workers Welfare Fund, Provident Fund contributions or similar social security fund contribution, if any applicable during the pendency of the contract or after its completion in relation to this project, other statutory payments in respect of the construction work carried out, KESB Deposit and cabling charges as specified in the agreement, Monthly Maintenance Deposit/Advance, cost of transformer and generator (common) and the charges for Extra Works, if any.
- The plans are not drawn to scale and are included only for the purpose of identification. The measurements shown in the plan are indicative and may vary. Furniture layout is only an indication for space utilization. The elevation shown in the brochure is artist's expression only and the actuals may vary according to the particular site conditions. All measurements and specifications shown in the brochure are subject to minor variations without specific or general notice. All such variations/alterations shall be purely at the discretion of the Builder.
- The area is inclusive of proportionate share of common areas and wall thickness.
- Sanctioned Building Plans, Title Deeds and other related documents pertaining to this project are available at our office for reference.
- Monthly maintenance expenses are to be shared among owners, as decided by the Owners' Association which include expenses for the maintenance of common area, common amenities/facilities provided, machinery or equipments provided for the common use and that of common lighting.
- The maintenance will be carried out by the Builder till the formation of Owners' Association, which will take over the maintenance. Maintenance charges are payable by the Owners on a monthly basis. Membership in the association is compulsory and not optional. Maintenance deposit/Advance is collected from all the Owners by the Builder and after appropriating the expenses incurred by the Builder during the period of maintenance was done by them, the Builder shall transfer the balance amount to the Association after its formation.
- Overseas clients shall make their payments through proper banking channels.
- All transactions are subject to Thodupuzha Jurisdiction only.
- This is a time bound project. In case payments are not made as per agreement signed, the Builder reserves the right to cancel the allotment, in which case refund to the client will be made only after re-allotting the unit to another party and such refund shall be without any interest and subject to deduction of expenses and damages.
- Completion and delivery dates are indicated to give an idea of probable completion of the project. Every effort will be made to complete and handover the project within the stipulated time. The Firm/Company is not responsible for any delay in obtaining water/electricity connection due to the delay with the concerned departments. However no responsibility will be accepted for any delay in completing the project due to unforeseen circumstances and to obtain service connections from statutory bodies due to reasons beyond the control of the Builder.
DOCUMENTATION:
- On allotment, two agreements will be executed between the Builder and the Client, one for Sale of land and another for execution of a construction contract to build the villa. Though separate considerations are specified in each agreement, the composite value of the land and that of the construction contract will be shown in the payment schedule. Necessary citation to this effect is given in the agreements.
- All payments should be by crossed demand drafts/local cheques payable at Thodupuzha drawn in favor of M/s Premium Habitats
- For delayed payments interest will be charged at the prevailing bank rates.
- The Builder/Marketing Agent reserves the right to accept or reject any application without assigning any reason thereto.
- This brochure is only for and this does not constitute a legal offer/invitation to an offer.
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