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The applicant(s) has applied
for allotment of a Residential Apartment (here in after referred to us the Unit/ flat) proposed to be constructed in the Residential project named “DesignArch Gardenia E-homes” being developed by DesignArch Infrastructure Pvt. Ltd., (here in after referred as “the Company”) on Plot no. GH-6. Sector -5, Vaishali. The allotment of the unit is entirely at the direction of the company.
- The applicant(s)/ flat buyer(s) has fully
satisfied himself about title, right and interest of the in the plot of
land which is allocated to the company by Ghaziabad Development
Authority (GDA) on free hold basis.
- The applicant(s)/ flat buyer(s) has seen and
accepted tentative layout plan of DesignArch Gardenia, designs,
specifications, tentative typical unit plan (Flat plan) which are
tentative and agree that company may effect such variations and
modifications/ addition/ alteration (major/minor) therein as may be
necessary or as it may deem appropriate and fit in the interest of the
Project or as may be done by any competent authority. The applicant(s)
agree that no claim, monetary or otherwise will be raised in case of any
change. It is clarified that the initial rate of booking of the unit
will be applicable on the changed area in case of refund or demand.
- The applicant(s)/ flat buyer(s) shall make all
payments in time in terms of Schedule of Payments and / or as may be
demanded by the Company from time to time and without any reminders from
the Company and agrees to pay directly or if paid by the Company, then
reimburse to the Company on demand, Govt. rates/ taxes, property tax,
works contract tax, House tax, service tax, taxes of all and any kind by
whatever name called and agree to pay all statutory charges and other
levies demanded or imposed by the authorities as may be fixed by the
company from time to time.
- Time is the essence with respect to the
applicant(s)’s obligations to pay the price of the said Flat in
accordance with the Schedule of Payments.
- In event of breach of any of the terms and
conditions of this allotment by the applicant(s) / Flat Buyer(s) the
allotment will be cancelled at the discretion of the Company and the
earnest money (10%) paid to the company by the applicant(s) / Flat
Buyer(s) shall stand forfeit. The balance amount shall be refundable to
the applicant(s) / Flat buyer(s) without any interest, after the said
unit is allotted to some other intending allottee.
- All the payments by the applicant(s) / Flat
buyer(s) shall be made to the company through demand drafts/ cheques
drawing upon schedule banks in favour of “DesignArch Infrastructure Pvt.
Ltd.”, payable at Delhi/ New Delhi only.
- Transfer of the said unit, in case of allotment
there of, by the applicant(s)/ flat buyer(s) shall be permissible at the
sole discretion of the company on payment of such administrative charges
as may be fixed by the company from time to time.
- The company shall have the first lien and
charge on the said unit for all its dues and other sums payable by the
applicant(s)/ flat buyer(s) to the company. The applicant(s)/ flat
buyer(s) authorizes the Company to adjust/ appropriate all payments made
by him/ her under any head(s) of dues against outstanding if any in
his/her name.
- The applicant(s)/ flat buyer(s) hereby agrees
to enter into the Maintenance Agreement with the maintenance agency from
time to time for the maintenance and unkeep of the said building / said
complex/ said flat and the flat buyer(s) undertakes to pay the
maintenance bill as raised by the Company/ Maintenance agency/ Agency.
The applicant(s) / flat buyer(s) further undertakes to abide by the
terms and conditions of Maintenance Agreement from time to time.
- Applicant(s)/ Flat buyer(s) having NRI status
or being foreign nationals shall be solely responsible to comply with
the necessary formalities as laid down in foreign exchange management
act. 1999 and/or any other statutory provisions governing this
transaction which may inter-alia involve remittance of payments/
considerations and acquisition of immovable assets in India. In case any
such permission is ever refused or subsequently found lacking by any
Statutory Authority/ the company, the amount paid towards booking and
further consideration will be returned by the company as per rules
without interest and the allotment cancelled forfeit. The company will
not be liable in any manner on such account.
- Loans from financial institutions to finance
the said unit may be availed by the applicant(s)/ flat buyer(s).
However, the company shall not be responsible in any manner if a
particular Institution/ Bank refuses to finance the allotted Unit on any
ground.
- In case the company is forced to abandon the
said project for any reason, the company shall be liable to refund the
amount paid by the applicant(s)/ flat buyer(s) without any interest or
compensation within six months’ from the happening of such eventuality.
- The applicant(s)/ flat Buyer (s) shall not use
the said Flat for any purpose other than residential or in a manner that
may cause nuisance or annoyance to occupants of other Flats.
- Detailed terms and conditions shall form part
of the allotment letter (confirmation of allotment) and flat buyer
agreement which shall execute between the flat buyer and the company.
- To settle any confusion regarding any matter
herein or anything being not covered/ clarified herein, it is agreed by
the applicant(s)/ flat buyer(s) that reference shall be made to the
detailed terms of the Allotment letter / Flat buyer agreement, terms
whereof has been seen, read and understood/ accepted by the
applicant(s)/ flat buyer(s).
- The Company, upon making the flat of the Flat
Buyer (s) ready for use, offer in writing to the Flat Buyer (s) to take
possession occupy and use the said Flat in terms of this Agreement
within thirty (30) days from the date of issue of such notice. If the
Flat Buyer(s) fails to take over the Flat as aforesaid within the time
limit prescribed by the Company holding charges @ Rs. 5/- (Rupees Five
only) per sq. ft. of the super area of the said Flat per month for the
entire period of such delay and to with hold conveyance or handing over
for occupation and use of the said Flat till the entire holding charges
with applicable overdue interest, if any, at the rates as prescribed in
this agreement are fully paid. It is made clear and the Flat Buyer (s)
agrees that the holding charges as stipulated in this clause shall be a
distinct charge not related to (but in addition to) maintenance or any
other charges as provided in this application/ allotment letter/ flat
buyer agreement.
- The applicant(s)/ flat buyer(s) undertakes to
abide by and comply with all the laws, rules and regulations applicable
to the said Unit/ project.
- The applicant(s)/ flat buyer (s) agrees to
deposit as per the schedule of payment and to always keep deposited with
the Company / Maintenance Company an interest free maintenance security
deposit calculated at the rate of Rs.40/- (Rupees Forty only ) per
square ft. of the super area of the said Flat.
- If any plant and machinery within the said
complex/ said building such lifts, DG sets, electric sub-stations,
pumps, fire fighting equipment, any other plant/ equipment of capital
nature etc. require replacement, up-gradation, additions etc. the cost
thereof shall be contributed by the all the applicant(s)/ flat buyer(s)
in the said Building/ said Complex on pro-rata basis.
- The structure of the said Building may be got
insured against fire, earthquake, riots and civil commotion, militant
acts by the Company or the maintenance company/ agency on behalf of the
Flat Buyer (s) and the cost thereof shall be payable by Flat Buyer (s)
separately.
- The Company reserves the right to give on lease
or hire or make further constructions on the whole or a part of the top
roof/ terraces above the top floor (except the exclusive terraces if
permitted by company to any particular allottee of pent house in
writing).
- The Company, its Associate Companies, its
Subsidiary Companies as stated earlier shall prepare and execute along
with the Flat Buyer(s) a sale/ conveyance deed to convey the title of
the said Flat in favor of Flat Buyer(s) but only after receiving full
payment of the total price of the Flat and the parking space allotted to
him/ her and payment of all charges/ dues/ securities including club
membership charges, maintenance security deposits and charges for
electricity, interest, penal interest etc. on delayed installments,
service tax, stamp duty, registration charges, incidental expenses for
registration, legal expenses for registration and all other dues as set
forth in this Agreement or as demanded by the Company from time to time
prior to the execution of the Conveyance Deed.
- Failure on the part of the Company to enforce
at any time or for any period of time the provisions hereof shall not be
construed to be a waiver of any provisions or of the right thereafter to
enforce each and every provision.
- The Company shall not be held responsible or
liable for not performing any of its obligations or undertakings
provided for in this application/ allotment letter/ flat buyer agreement
if such performance is prevented, delayed or hindered by an act of God,
fire, flood, explosion, strike, war, riot, terrorist acts, sabotage,
inability to procure or general shortage of energy, labour, equipment,
facilities, materials or supplies, failure of transportation, strikes,
lock outs, action of labour unions Court Case/ decree/ stay or any other
cause(s) contract orders/ directions (whether similar or dissimilar to
the foregoing) not within the reasonable control of the Company.
- The flat buyer(s) accepts that he will not
allow visitors vehicle to part inside premises of DesignArch Gardenia
E-homes. He will ensure that the visitors vehicle will parked outside of
the boundary wall of the complex. He will not argue with the gate keeper
in this regard.
- A Recreation Club is proposed to be provided in
the Complex. The applicant(s)/ flat Buyer(s) shall be made a member for
which membership fee will be charged as applicable rates from time to
time per flat. The membership shall be compulsory. Watch & Ward
arrangement are proposed to be provided in the Complex as part of
maintenance.
- The Company shall have right, without any
approval of any applicant(s) / flat buyer(s) in the said Building to
carry out any type of addition / alterations, improvements or repairs
etc. and also reserves the right to correct, modify, amend or change all
the annexures.
- It is specifically made clear to the applicant(s)/ flat buyer(s) that all defaults, breaches and/ or non-compliance of any of the terms and conditions of this Agreement shall be deemed to be events of defaults liable for consequences stipulated herein. Failure to make payment of even one installment within the time as stipulated in the Schedule of Payments and failure to pay the stamp duty, legal registration, any incidental charges, service tax, any increases in security including but not limited to interest free maintenance security as demanded by the Company, any other charges, deposits for electricity, taxes etc. as may be notified by the Company to the Flat Buyer(s) under the terms of this Agreement and all other defaults of similar nature, to perform and observe any or all of the Flat Buyer(s)’s obligations, failure to execute the flat buyer agreement / flat allotment agreement within the time stipulated by the Company in its allotment letter, failure to take over the said Flat for occupation and use within the time stipulated by the Company in its notice, failure to execute the conveyance deed within the time stipulated by the Company in its notice., failure to execute Maintenance Agreement/ Tripartite Maintenance Agreement and/ or to pay on or before its due date the maintenance charges, maintenance security deposits, deposits/ charges for electricity or any other heads or any increases in respect thereof, as demanded by the Company/ Maintenance agency, its nominee other Body or Association of Flat Owners., failure pursuant to become a member of the Association of Flat Owners at the said Building/ said Complex or to pay subscription charges etc, as may be required by the Company or Association of Flat Owners, Dishonor of any cheque(s), given by Flat Buyer (s) for any reason whatsoever. Sale/ transfer/ disposal of/ dealing with, in any manner, the reserved parking space independent of the said Flat. Any other acts, deeds or things which the applicant (s)/ Flat buyer(s) may commit, omit or fail to perform in terms of this application / allotment letter/ flat buyer agreement terms whereof has been seen, read & understood/ accepted by the applicant(s)/ flat buyer(s).
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