SUBHADRA VILLA TERMS & CONDITION
TERMS AND CONDITIONS FOR ALLOTMENT OF A DUPLEX UNIT
1.

The intending buyer(s) has applied for the allotment of a Duplex Unit in our Proposed "SUBHADRA VILLA " Housing Complex at JAGAMARA, Bhubaneswar, which has already been approved by BDA, having the full knowledge of all prevailing laws, by-laws, notifications and rules applicable to the area, which have also been, well explained by the builder and understood by him/her.

2.

The intending buyer(s) has fully satisfied himself/herself about the rights & interest of the Builder -Firm in the said land and it's limitations and obligations in respect of the Housing Project.

3.

The intending buyer(s) has fully verified and satisfied himself/herself about the genuineness of the title-deed of the said project land over which the B.D.A approved Duplex unit layout is prepared and there will not be any objections or investigation by the intending buyer in this respect in future, after booking of the unit

4.

The intending buyer(s) is fully aware, that after provisional allotment of the proposed Duplex Unit by the builder he/she has to take registration of the allotted plot with in such time as informed by the builder over which the proposed unit shall be built and should also simultaneously execute an agreement for construction on the prescribed Terms and Conditions of the builder or he/she may be advised by the Builder- Firm to adopt such other procedures as per the prevailing laws to effectuate the cause. However the intending allotee(s) fully agree, that, the registration of sale deed of the relevant plot by the builder-Firm in favour of the allottee and execution of Agreement for construction by the allottee are fully interdependent to each other, and Form a composite process.

5.

a) The builder will construct the Duplex units in the Housing complex in accordance with the approved plans of B.D.A as well as on the basis of Construction specifications as prescribed by the builder firm and Annexed herewith as Sheet-'C.

b) However the Builder shall have the right to effect suitable and necessary alterations in the Building plan if any, when found necessary for preserving the structure , for maintaining the decency of the building, or as may be required by the authorities but without substationally altering the unit.

 

c) However for any reason if the builder is not in a position to allot a Duplex unit applied by the prospective buyer the Firm shall only be responsible to consider to refund back the amount deposited earlier by the prospective allottee with simple interest i.e. @ 6% PA within a period of 120 days from the date of receipt of the prescribed E.M.D amount for booking of a unit.

6.

a) The intending buyer(s) shall not be entitled to get the name of his/her nominee(s) substituted in his/her place without the prior approval of the Builder, who may in it's sole discretion permit the same on such terms as it may deem fit.

b) The intending buyer shall not assign or transfer the interest in the plot and or the super/ structure on it if any without the prior written permission of the said builder, even if the plot for the said unit is registered in his/her favour as per the process of allotment.

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