The following terms and conditions are determined for the purpose of provisional allotment.
However further the terms and conditions shall be more comprehensively and elaborately set out
in the agreement to be executed between the Applicant and the Developer (The “Builder Buyers
Agreement”).
This is an application for provisional booking for a Commercial Shop/Unit proposed to be
developed by M/s. STERNAL BUILDCON PRIVATE LIMITED under its residential Housing colony Known as
“Signum37D III”, on a plot measuring 9.103 acres of land at Sector 37D, Village Gadoli Kalan
Gurgaon, Haryana (the “Land”), (Comprising 0.289 acres, 4% of Zoning Area for Commercial i.e.
Signum37D III).
This provisional booking shall be confirmed by the Developer only when the Applicant(s)
(successful Allottee) shall sign and execute the Allotment Letter, make the payment of Allotment
Money along with applicable taxes and shall enter into the registered Builder Buyer’s Agreement
within the stipulated time.
The Applicant(s) have applied for allotment of aforesaid Commercial Shop/Unit with full
knowledge and subject to all the laws/notifications(s) and rules applicable in the general,
which have been explained by the Developer/LLP to the Applicant(s) in vernacular language and
duly understood by the Applicant(s).
The Applicant(s) has examined and fully satisfied himself/herself/themselves about the rights,
interest and the title of the Developer in the project land owned by the Developer on which the
Project will be developed and the applicant has understood all limitations and obligations in
respect thereof. And there will be no more investigations of objection by the Applicant(s) in
this respect. The Applicant agrees and accepts to abide by the terms and conditions of all the
permissions, sanctions, directions etc. issued by DTCP and/or by any other competent authorities
in this regard to the Developer.
The Applicant(s) has inspected the site where the Project is proposed to be constructed. The
Applicant(s) has not merely relied or been influenced by any architect’s plan, sales plan, sales
brochures, advertisement, representations, warrantees, statements or estimates of any nature
whatsoever whether written or oral made by the Developer/LLP and has taken his/her/their
personal judgement prior to booking the Commercial Shop/Unit.
The Commercial complex “Signum37D III” (A commercial component of the Residential Project –
SIGNUM37D III, Gurgaon is governed by the Haryana Affordable Housing Policy, 2013 and subsequent
amendments therein (policy). The applicant undertakes to abide by all applicable laws including
any bye laws, rules and regulations including the Real Estate (Regulation and Development) Act
2016 and the rules framed thereunder (“Real Estate Act”) and Haryana Apartment Ownership Act,
1983 and other applicable laws.
That the allotment of Unit shall be subject to the terms and conditions imposed by the competent
authorities including the Director, Town & Country Planning, Haryana while granting permission
for development of the Commercial Complex on the land and / or at any time thereafter. The
Commercial Shop/Unit shall also be governed by all the laws/notifications and rules applicable
to the area and/or Municipal Committee, Gurgaon, Haryana including the terms and conditions as
contained herein.
The Applicant(s) (Successful Allottee) shall have a right in the Common Areas as provided under
Rule 2(1)(f) of HRERA Rules, 2017 of the State and shall be entitled to use common areas as
permissible under the applicable law and right in the common areas as per provisions of HDRU
Act, 1975 (8 if 1975).
Only such applications shall be considered which are complete and fulfil the terms and
conditions for allotment of Commercial Shop/Unit. However, it is possible that some of the
application forms have certain minor deficiencies viz., missing entry on the application form,
incorrect/missing line in affidavit, illegible copies of certain documents. Applicants may be
granted an opportunity of removing the shortcomings in their application in all respects within
a period of 15 days, failing which their claim stand forfeited.
The Builder Buyer Agreement shall be executed by the Developer after realization of money due on
allotment along with applicable taxes etc. However, issuance of Allotment Letter/Builder-Buyer
Agreement shall not confer any claim / right to the Applicant(s) until all the terms and
conditions of Application Form and/or Allotment Letter/Builder Buyer Agreement are fulfilled and
complied by the Applicant(s), failing which this provisional booking shall be cancelled.
The Applicant(s) has seen the zoning plan, layout plan, sanction plan, Building Plan,
specifications, amenities etc. and has been made aware of and accepts that the zoning plan,
layout plan, Building Plan of Commercial Shop/Unit are tentative and that there may be minor
variations/alterations either due to architectural and structural reasons or pursuant to
requirements of a Governmental Authority, which may involve changes, including change in the
zoning plans for the Project, and nature of facilities to be provided in the Project in
accordance with the policy. The Applicant understand that the Developer reserves its right to
effect suitable changes and alterations in the Layout Plan, building core, lobbies, common
areas, service areas, elevations, massing, specifications, features, height, width, finishing
(internal and external), materials to be used, electricity load, power etc., of the Project at
any time in any manner it thinks fit and proper for the betterment of the commercial structure.
That the Applicant further understands and agree that although every attempt shall be made by
the Developer to adhere to the size, location, product mix and super/Carpet are of the Unit,
however in the event that there is any change in the Unit’s location or product mix or variation
in its size to the extent of + 5% at the time of final measurement, the Applicant shall accept
the same and shall make the payment of the Sale Consideration, the applicable PLC, other charges
and applicable taxes as agreed herein in proportion, as the case may be, either payable or
refundable, to such variation without any interest thereon and no other claim, whatsoever
monetary or otherwise shall exist against the Developer in any manner whatsoever by the
Application. If required by the developer, the applicant will be bound to issue an affidavit or
no objection or declarations in approval of such modifications, alterations etc.
That the Developer shall have the absolute right to make additional construction anywhere in the
Project Including adjoining and/or in the vicinity of the said Shop/unit, whether on account of
increase in Floor Area Ratio (FAR) or better utilization of the said land or for any other
reason whatsoever to the extent permissible by the Government or Competent Authorities. The
Developer shall have the absolute right to transfer such additionally constructed
areas/units/Shops in any manner whatsoever as the Developer may in its absolute discretion deem
fit. The Developer and the transferees of such additional construction shall have the same
rights as the Applicant with respect to the Project including the right to be member of the
Society/Association of Unit Owners to be formed and an equal right to use of the common areas
and other common amenities of the Project. The applicant acknowledges that the applicant shall
have no objection to the same and the applicant will not claim will not claim any adverse rights
to such constructions.
The Applicant agrees and understands that the price of the Commercial Shop/Unit shall be based
on the price of material and labour charges pertaining thereon on the date when the excavation
work at the Project site commences, which date shall be duly communicated to the Applicant if,
however, during the progress of construction up to the expiry of 36 months or 42 months
(including grace period), as the case may be , from the above mentioned date, there is an
increase/decrease in the price of the materials used in the construction work and/or labour
charges (hereinafter referred to as “Escalation Charges”), the same shall be recoverable/payable
respectively from/to the Applicant/Allottee as per the rules and regulations issued by the
competent authority. The Developer shall appoint a reputed firm of Chartered Accountants to
independently audit and verify the computation of escalation Charges done by the Developer from
time to time. Such audited and verified Escalation Charges shall be paid/refunded (or adjusted),
as the case may be, by/to the Applicant /Allottee shall be final and binding on the
Applicant/Allottee. The Applicant/Allottee agrees and understands that any default in payment of
the Escalation Charges shall be Deemed to be a breach under the terms and conditions of the
Application / Builder Buyers Agreement. No Possession shall be handed over to the
Applicant/Allottee unless Escalation Charges are paid in full along with delayed interest, if
any.
The Applicant, on becoming an allottee, shall be liable to pay the price for the Commercial
Shop/Unit base on its Carpet Area/Super Area equivalent to Rs… (Rupees only) (“Total Price”) as
detailed in Annexure I.
In addition to the above consideration, The Allottee shall be required to pay Interest Free
Maintenance Security Deposit Charges as mutually decided. The Developer shall periodically
intimate in writing to the Applicant (successful allottee) the amount payable as stated above in
accordance with payment plan, the Applicant (successful allottee) shall make payment as demanded
by the Developer within the time and in the manner specified therein. In addition, the Developer
shall provide to the Applicant (successful allottee) the details of the new
taxes/fees/charges/levies etc. paid or demanded along with copy of new amendment in the acts /
rules / notifications together with dates from which such taxes /fess/charges levies etc. have
been imposed or become effective.
In case there is any change or modification in the rate of any applicable
taxes/fees/charges/levies etc. the subsequent amount payable by the Applicant (successful
allottee) to the Developer shall be increased or decreased on such change or modification.
Provided further that GST is applicable on interest, late fees and penalty on delayed payment.
Pursuant to foregoing, interest, late fees and penalty on delayed payment along with GST
applicable thereon will be computed and to be payable as and when the Applicant (successful
allottee) will make such payments to the Developers against these charges. Provided further that
if there is any increase in the rate of taxes/fees/charges/levies etc. after the expiry of the
scheduled date of completion of the Project as per registration granted by the competent
authority, which shall also include the extension of registration granted to the Project, if
any, as per the Real Estate Act, the same shall not be charged from the Applicant (successful
allottee).
The total price includes the Booking amount paid by the applicant (successful allottee) to the
Developer towards the aforesaid Commercial Shop/Unit based on its Carpet area/Super Area.
The applicant (successful allottee(s)) will be required to pay the balance amount as per Payment
Plan. In case of re-allotment, amount due form original allottee till the date of reallotment
will be payable by the new allottee. Subsequent instalment will be payable as per payment plan
applicable to the original allottee. Any default in payment will bear penal interest as provided
in rule 15 of the Haryana Real Estate Regulatory Authority, Rule, 2017.
All payments shall be made through DEMAND DRAFT/CHEQUES/NEFT/RTGS ECT. In favour of “STERNAL
BUILDCON PVT LTD SIGNUM37D III”. The applicant (successful allottee(s)) must specify their name,
address, application no., customer ID, mobile no., Project name and Unit no. on the back side of
cheque/Demand draft accepted by the LLP/Developer and the LLP/Developer shall be deemed to have
accepted such cheque/demand draft subject to their realization.
All payments should be deposited only at the office of the Developer. The Developer shall not be
responsible / accountable for any payment made to agent/broker/any third person. The
Applicant(s) must insist for duly signed receipt form the authorized personnel of the Developer.
In case of delayed instalments/any other dues by the Applicant(s),the applicant (Successful
Allottee) shall be liable to pay interest as provided in Rule 15 of the Haryana Real Estate
Regulatory Authority Rules, 2017.
The Applicant (successful allottee) before taking possession of the Commercial Shop/Unit shall
clear the dues towards the said Shop/Unit.
The Total Price of the Commercial Shop/Unit includes recovery of price of land, construction of
not only the Commercial Complex but also the common areas, infrastructure augmentation charges,
cost of providing electrical wiring, electricity connectivity, water line and plumbing,
finishing with paint, marbles, tiles, doors, windows, any other infrastructure or utility based
charges etc. and includes cost for providing all other facilities, amenities and specifications
to be provided within the Complex and Project.
The total price also includes the External Development Charges/IDC, Other Charges and Taxes, as
applicable, as per applicable laws.
The cost of electric meter and initial electricity connection charges (i.e. proportionate cost
including man power and admin cost for establishing the sub-station, Load Sanction fees, Cost of
HT cable, Switching Station, Equipment, Transformer etc.) are to be paid by allottee separately
at the time of handing over the possession of the Commercial Space/Unit. The Applicant(s) shall
sign and execute all papers, documents, agreements for purpose of obtaining electricity power
back-up facility and or any other service. The Applicant(s) shall additionally pay on demand to
the Developer his proportionate share of the cost provision of electric standby generator.
The Developer shall not be responsible towards any third party, who has made payments,
remittances to the Developer on behalf of the Applicant and such third party shall have no right
in the Said Unit. The Developer shall issue the payment receipt only in favour of the Applicant.
if the applicant (successful allottee) fails to make payments for two consecutive demands made
by the Developer as per the Payment Plan opted by applicant, despite having been issued notice
in that regard the allottee shall be liable to pay interest to the Developer on the unpaid
amount at the rate prescribed in the Rules;
In case of Default by Allottee under the conditions listed above continues for a period of
ninety days after notice form the Developer in this regard, The Developer may cancel the
allotment of the Commercial Shop/Unit in favour of the Allottee and refund the money paid by the
allottee by forfeiting the earnest money (which is 10% of the total cost of unit) and interest
component on delayed payment (payable by the customer for breach of agreement and non-payment of
dues payable to the Developer). The rate of interest payable by the allottee to the Developer
shall be the State Bank of India highest marginal cost of lending rate plus two percent. The
balance amount of money paid by the allottee shall be returned by the Developer to the allottee
within ninety days of such cancellation. On such default, the Agreement and any liability of the
promoter arising out of the same shall thereupon, stand terminated. Provided that, the Developer
shall intimate the allottee about such termination at least thirty days prior to such
termination and will refund in the name of first allottee only.
The Developer shall also be entitled to and hereby reserves its right to cancel the
allotment/terminate this Application/Builder Buyers Agreement in the manner described above, if
in the opinion of the Developer, (a) the allotment of the Unit has been obtained through
misrepresentation and concealment or suppression of any material fact, OR(b) the Applicant has
violated or violates any of the directions issued, rules and regulations framed by the Developer
or the Maintenance Agency or by any statutory body or Competent Authority(ies)/Department(s).
The Applicant shall indemnify and undertakes to keep the Developer, its directors ,
representatives, assignees and nominees, saved indemnified and harmless from and against all
losses, damages, liabilities and consequences resulting from non-payment, non- observance or
breach by the Applicant of any law or representations, covenants, conditions, warranties and
undertakings of the Applicant.
That the Applicant understands and agrees that it shall not alienate/nominate/transfer/assign
its right/allotment in favour of any third party before the expiry of 12 months from the
realization of the booking money paid by the Applicant and no outstanding dues against the said
unit should exist on that date. Prior information and confirmation from the Developer is
compulsory, however the Developer may at its sole discretion permit the transfer/assignment,
subject to payment of transfer charges as may be decided by the Developer from time to time and
subject to compliance by the Applicant of the applicable laws, rules, regulations and the
directions of the Developer, Government, Competent Authorities etc. including the liability for
payment of tax, penalty or duties etc., or as the case may be. The Transferee shall adhere to
the terms and conditions of this application and the Builder Buyers Agreement. In case of
non-compliance by transferee, the applicant shall indemnify the developer for losses suffered
and the transfer will not be binding upon the developer.
The applicant(s) has fully understood and agrees that in case the Applicant(s) withdraws or
surrenders his application for allotment for any reason whatsoever at any point of time, then
the Developer at its sole discretion may cancel/terminate the booking/allotment/application and
shall forfeit the Earnest Money (which is 10% of the total cost od Unit) and will refund the
balance amount, if any, to the First Applicant only.
In case of surrender/cancellation of Commercial Shop/Unit after the end of the Financial year,
GST paid and/or due up to preceding financial years along with booking amount and interest due
etc. as per Applicable Laws shall be deducted & the balance amount shall be refunded to the
First applicant only.
The Applicant(s) shall have no objection in case the Developer creates a charge on the Project
Land during the course of development of the Project for raising loan from any bank/financial
institution. However, such charge, if created, shall be vacated before handling over possession
of the Commercial Shop/Unit to the Applicant (successful allottee).
The Applicant (successful allottee) may avail loans from financial institutions to finance the
Commercial Shop/Unit. However, if a particular financing institution or bank refuses to extend
financial assistance on any ground, the Applicant (successful allottee) shall not make such
refusal an excuse for non-payment of further instalments/dues. In case there is delay in
processing the loan in favour of the Applicant (successful allottee) due to any reason
whatsoever and consequently the payments of instalments are delayed by the Applicant (successful
allottee) to the Developer, the Applicant (successful allottee) agrees and to make the payment
of accrued interest to the Development, unconditionally.
The Applicant shall, before taking possession of the Commercial Shop / Unit, clear the dues
towards the Commercial Shop/Unit and have the conveyance/Sale deed for the Commercial Shop/Unit
executed in his/her favour by paying stamp duty, registration free & administrative
charges/lawyer fees for registration of sale deed and other charges/expenses, as applicable, to
the concerned sub registrar office.
Possession of Commercial Shop/Unit shall be offered by the Developer within a period of 5 years
from the date of approval of layout plans/building plans/demarcation/zoning plan (whichever is
applicable) or grant of environmental clearance, whichever is later and within such extended
time (if any) as may be allowed by competent authorities.
Upon receipt of the occupation certificate or part thereof in respect of the Project, the
Developer shall issue a written notice offering the possession of the commercial Shop/Unit
(“Possession Notice”) to the Applicant (successful allottee) offering the possession of the Unit
The Developer from the date of grant of occupancy certificate of the project or part thereof
shall hand over the maintenance to maintenance agency. The developer will not be responsible for
any maintenance. Once the RWA is constituted the engaging of agency for such maintenance works
shall be at the sole discretion and the terms and conditions as finalised by the “Association of
Commercial Shop Owners” constituted under the Haryana Ownership Act 1983, will be final .
That applicant shall from time to time sign all applications, papers, documents, maintenance
agreement, electricity agreement and other relevant papers and agreement(s), as required, in
pursuance to the allotment and to do all acts, deeds and things as Developer may require in the
interest of the Project and Unit. In case of joint Applicant, any document
signed/accepted/acknowledged by the First Applicant shall be binding upon the other joint
Applicants.
The applicant (successful allottee) shall bear costs of consumption of electricity and water for
his Commercial Shop/Unit as well as the proportionate cost i.e. Security, House Keeping,
Electricity, Water, Manpower & Consumables, Insurance, AMC & Depreciation of Plant & Machinery
etc. and other costs for providing common services and facilities in the Project with effect
from the date of handing over of possession by the Developer.
Each Allottee shall promptly pay all such Operation and Servicing charges as demanded by the
Maintenance agency / RWA or the competent authority and to secure the payment of such charges,
all Allottee shall always keep deposited an amount @ Rs 50 per sq. ft. on super area with the
RWA; which shall be called “Non Refundable Interest Free Maintenance Security (IFMS) Deposit”.
The construction/development of the Commercial Complex is subject to any event or combination of
events or circumstances beyond this reasonable control of the Developer which cannot (a) by the
exercise of reasonable diligence, or (b) despite the adoption of reasonable precaution and / or
alternative measures, be prevented, or caused to be prevented, and which adversely affects the
Developer’s ability to perform including but not limited to the following:
commercial Shop/Unit (“Possession Notice”) to the Applicant (successful allottee) offering the
possession of the Commercial Shop/Unit to be taken within stipulated time. Upon receiving the
Possession Notice from the Developer, the Applicant (successful allottee) shall take possession
of the Commercial Shop/Unit from the Developer by executing necessary indemnities, undertakings
and such other documentation as prescribed in the Agreement and the Developer shall give
possession of the Commercial Shop/Unit to the Applicant (successful allottee). In case the
Applicant (successful allottee) fails to take possession within the time provided in the
Possession Notice, such Applicant (successful allottee) shall continue to be liable to pay
maintenance charges and holding charges in terms of the Agreement.
That the Applicant agrees and undertakes to use the said Shop/Unit only for Commercial purpose
as defined as per prevailing norms and approvals and sanctions provided by the Statutory
Authorities and for no other purpose and further the applicant shall not conduct any illegal or
immoral activities from or in the Shop/Unit. The Applicant further undertakes not to carry on
any activity from and on the Shop/Unit, which creates nuisance or its illegal, obnoxious
contrary to public policy or contrary to the common interest of the collective
Act of god i.e. Fire, draught, flood, earthquake, epidemics, natural disasters; Explosions or
accidents, air crashes, act of terrorism; Strikes or lock outs, industrial disputes, Lockdown;
Non-availability of cement, steel or other construction/raw material due to strikes of
manufacturer, supplier, and transporters or due to any reason whatsoever.
War and hostilities of war, riots, bandh, act of terrorism or civil commotion;
The promulgation of or amendment in any law, rule or regulation of the issue of any injunction,
court order or direction from any governmental or statutory authority that prevents or restricts
the Developer from complying with any or all the terms and conditions as agreed in the
Agreement; or
Any legislation, order or rule or regulation make or issued by the Government Authority or if
any Governmental Authority refuses, delays, withholds, denies the grant of necessary
approvals/certificates for the project/Commercial Complex or if any matters, issues relating to
such approvals, permissions, notices, notifications, by the Government Authority(ies) becomes
subject matter of any suit/writ before a competent court or; for any reason whatsoever.
Any event or circumstances analogous to the foregoing. (“Force Majeure Events”).
owners/occupants of the Project. The applicant shall not modify or alter the basic structure of
the Shop/Unit. The Applicant will not use the said Shop/Unit or common areas or parking in any
manner which may be illegal or create nuisance to others.
The Applicant shall not keep any material in the common areas of the Project. Applicant(s) shall
be entitled to use the common areas of the Project along-with other allottee for such purposes
for which such common areas have been developed.
The Applicant (successful allottee) agrees and confirms that in the event it becomes impossible
for the Developer to implement the Project due to Force Majeure Events and above-mentioned
conditions, then this allotment shall stand terminated and the Developer shall refund to the
Applicant, the entire amount received by the Developer form the Applicant within ninety days.
The Developer shall intimate the Applicant (successful allottee) about such termination at least
thirty days prior to such termination. After refund of the money as paid by the Applicant
(successful allottee), the applicant (successful allottee) agrees that he/she shall not have any
rights, claims etc. against the Developer and that the Developer shall be released and
discharged from all its obligations and liabilities.
Subject to the Force Majeure Events, Court Orders, Government Policy/guidelines/decisions, the
Developer shall be considered under a condition of default, in the following events:The
Developer fails to provide ready to move in possession of the Commercial shop/Unit to the
Applicant(s) (successful allottee) within the time period specified above or fails to complete
the project within the stipulated time disclosed at the time of registration of the Project with
the concerned authority which includes the extended period, if any. For the purpose of this
clause. ‘ready to move in possession’ shall mean that the Commercial Shop/Unit shall be in a
habitable condition which is complete in all respect including the provision of all
specifications, amenities and facilities as agreed to between the parties and for which
occupation certificate or part thereof has been issued by the competent authority.
Discontinuance of the Developer’s business as a developer or account of suspension or revocation
of his registration under the provisions of the Real Estate Regulation Act or the rules or
regulations made thereunder.
In case of default by Developer under the conditions listed above, Applicant(s) (successful
allottee) is entitled to the following:
Stop making further payments to Developer as demanded by the Developer. If the Applicant(s)
(successful allottee) stops making payments, the Developer shall correct the situation by
completing the construction/development milestones and only thereafter the Applicant(s)
successful allottee) be required to make the next payment without any interest for the period of
such delay; or
The applicant(s) shall have the option of terminating the allotment of Commercial Shop/Unit. In
such case the Developer shall be liable to refund the entire money paid by the Applicant(s)
(successful allottee) under any head whatsoever towards the purchase of the Commercial
Shop/Unit, along with any interest as provided in rule 15 of the Haryana Real Estate Regulatory
Authority, Rules 2017, within ninety days of receiving the termination notice. Provided that
where an Applicant(s) (successful allottee) does not intend to withdraw from the Project or
terminate the allotment of the Commercial Shop/Unit, he shall be paid interest as provided in
rule 15 of the Haryana Real Estate Regulatory Authority, Rules, 2017 by the Developer for every
month of delay till the handing over of the possession of the Commercial Shop/Unit, within
ninety days of it becoming due.Subject to the Force Majeure Events, Court Orders, Government
Policy (ies)/Guidelines/Decisions, The Applicant(s) (successful allottee) shall be considered
under a condition of default in the following events:
Dishonour of any cheque(s) including post-dated cheques given by the Applicant(s) (successful
allottee) to the Developer for any reason whatsoever; Failure to execute the agreement,
conveyance deed, maintenance agreement and / or any other documents required to be executed with
the Developer within such timelines as stipulated by the Developer in terms of the
Agreement/Application;
Applicant(s) (successful allottee) fails to take possession of the Commercial shop/Unit within
the time provided herein above;Failure to pay any taxes and other charges including stamp duty,
legal charges, registration charges, any incidental charges etc. in terms of the
Agreement/Application;In case of such cancellation, the allottee(s) shall have no lien or claim
on the Commercial Shop and The Developer will be entitled to sell, convey or transfer the
Commercial Shop/Unit to any party as its sole discretion.
In case of an event of default committed by any Applicant(s) (successful allottee), The
Developer will have the following options (exercisable individually or jointly at the sole
discretion of the Developer):
The Applicant(s) (successful allottee) shall be liable to pay interest as provided in rule 15 of
the Haryana Real Estate Regulatory Authority, Rule, 2017 of the period of delay.
The Applicant hereby undertakes to inform the Developer of any change in his address or any
other particular/information as given above, in writing, failing which the particular available
in the Application shall be deemed to be correct and all the letters or any kind of
communication sent at the recorded address by the Developer shall be deemed to have been
received by applicant(s) and shall not be subject to any dispute of any nature. In case of any
default in communication due to incorrect information, the Applicant(s) shall be liable to borne
all the cost and expenses.
The Applicant shall get its complete address registered with the Developer at the time of
booking and shall be its responsibility to inform the Developer in writing by Registered letter
for any change in its mailing or permanent address, email address, contact number etc.. If the
Applicant fails to do so then failing which, all demand notices and letters posted at the first
registered address will be deemed to have been received by him at the time when those should
ordinarily reach at such address and shall be responsible for any default making payment and
other consequences that might occur therefrom.
In case or joint applicant(s), The Developer shall send all letters/notices and communications
to the sole/first applicant at his address given in the application form through
registered/speed post of though courier. All such letters/notices and communications so sent to
the sole/first applicant shall be deemed to have been duly received by all Applicant(s) within 5
days from the date of dispatch. The Developer shall not be liable to send separate
communication, letters and notices to the second Applicant(s) or to Applicant(s) other than the
first Applicant(s)
In case the Applicant is NRI/PIO, the Applicant further agrees that the Applicant itself shall
be responsible for complying with the necessary formalities as laid down in the Foreign Exchange
Management Act 1999 (FEMA), rules and regulations of the Reserve Bank of India or statutory
enactments or amendments thereof and all other applicable laws including that of remittance of
payments, acquisition, sale, transfer of immovable property, etc. and provide the Developer with
such permissions, approvals which would enable the Developer to fulfil its obligations under
this Application. The Applicant agrees that in the event of any failure on its part to comply
with the applicable guidelines issued by the Reserve Bank of India, FEMA or any other law(s),
the Applicant shall alone be liable for any action under the provisions of relevant Act,
Regulations etc. The Developer accepts no responsibility and liability in this regard and the
Applicant shall keep the Developer fully indemnified and harmless in this regard.
DISPUTES
All or any disputes arising out or touching upon or in relation to the terms and conditions of
this Application/Agreement including the interpretation and validity of the terms and conditions
thereof and the respective rights and obligations of the parties shall be settled amicably in
mutual discussion.
The aggrieved party may also approach the adjudicating officer appointed under the Real Estate
Act. The Courts at Gurgaon shall have exclusive jurisdiction to entertain the disputes between
the parties hereto.
Refund Policy
All unsuccessful applications will be refunded SEVEN Weeks after the Allotment Date, Refunds
will be processed on the same account that which user has provided us.