Application:
Application for allotment on enclosed Application from supplied by the
company along with earnest money or booking money . Allotment will be
made on first come first serve basis. Buyers wising to make one time
payment in full shall given a special discount on the price of the
apartment. Allotment of apartment is made and confirmed only upon
receipt of the Earnest Money of Booking Money. The company reserves
the right to accept or reject an application without assigning any reason
there of.
Signing of Deed of Agreement:
After confirmation of allotment, the buyers has to sign the deed of
agreement with in 30 thirty day from the date of making the payment of
booking Money.
Payment:
All Payments, installment etc. Shall be crossed cheque, pay-order, Bank
draft or Cash in favor of NIRAPAD REALESTATE &
DEVELOPMENT LTD. For which proper receipt will be issued.
Foreigners and Non-Resident Bangladeshi may pay in foreign Exchange
through Bank.
Delay in Payment:
All payment should be made on date as per installment schedule to ensure
timely completion of construction work. Delay In Payment beyond the due
date, the allotted will be liable to pay charge 3% (Three Percent) Interest
for period of delay.
Cancellation of Allotment:
Developer can cancel the allotment of the said apartment of the purchaser
by 60(Sixty) days noticed by registered post for her failure of payment of
installment money of the apartment. Upon cancellation of the allotment,
the developer will refund the deposited money of the purchaser through
account payee cheque within 90 (ninety) Days from the date of the
cancellation after deduction 10 % (Ten Percent) of incidental charges.
Possession:
To possessions of the apartment will be handed over to purchaser after
completion of installments and other charge. Until and unless the dues are
not paid, possession of the apartment will not be handed cover to the
allotted.
NRDL’s Right:
The Company reserves the write to make changes in both architectural and
structural design of the project limited changes can be made in
specifications for overall interest of the complex.
Transfer and registration cost:
The Company will register a deed of scale on favor of buyer after
receiving the price in full. The buyer shall bear all costs relating to stamp
papers and all taxes (Such as transfer fee. Stamp Duty, Gain Tax,
Registration Fee and other incidental Expenses) Registration of deed of
scale on valuation of the space with proportionate share of land. Power
attorney of any, legal costs, Vat or any other taxes imposed by the
government on connection with transference of the apartment will be bear
by the purchaser.
Transfer of Apartment:
Until making the full payment. Installments and other charges, the buyer
shall not have the right to transfer the allotment to party other than the
buyer’s wife/husband of children without approval for the company.
Documentation Cost:
The allotted shall bear all cost related with stamp duties, registration fees,
taxes, VAT, etc. including legal and miscellaneous expense likely to be
incurred in connection with land and apartment transfer.
Service Facilities Cost:
All connection fess/charges, security deposits and others incidental
expenses relating to Gas, power sewerage water connection electrical sub-
station cost etc. Will be on the allotter’s but it must be within in
possibilities and limitation of the total building system and must be
executed through company.
Changes:
Minor changed may be incorporated by the company in design and
specification should these become necessary. Minor internal changes also
may be done by the allotter but if must be within the possibilities and
limitation of the total building system and must be executed through
company.
Completion time:
Construction is schedule to be completed by “July” 2017. The time
schedule may be extended by a reasonable time limit due to non-
availability of quality materials and unforeseen circumstance which are
beyond the control of company.
Abandon of Project:
If the project is abandoned for any reason beyond the control of company
such as natural calamity, Civil war, Strike, or any acts of God, Economic
depression policy of the Govt. then the company shall no be held liable for
any result, delay or abandoning the project.
Owner’s Association:
The allotted shall from a committee within themselves for managing
affairs of common interest. Each allotted shall deposit money to the
Company for the reserve fund of the society before taking possession of
flat which only reserve for common service expenses of the complex.
