Terms &
Conditions
1. Once allotted and
agreement signed ,THE PRICES ARE FIRM.
2. Cost of stamp paper,
Registration charges, Legal and
Miscellaneous expenses in connection with
the registration of undivided share in the
land are to be borne by purchasers. In case
of any additional stamp duty is claimed by
the registration department, then that also
has to be borne by the purchaser.
3. Other expenses to be borne
by the client include all local taxes, Sales
Taxes on works contract or VAT, as
applicable, Kerala Building Tax,
Construction Workers Welfares Fund,
Provident Fund contributions or similar
social security fund contribution, if any
applicable or made applicable during the
pendency of the contract or after its
completion in relation to this projects,
other statutory payments in respect of the
construction work carried out, KSEB deposits
and cabling charges as specified in the
agreement, Monthly Maintenance Deposit/
Advance, cost of transformer and generator
(Common) and charges for Extra-Works, if
any.
4. 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 lay-out is only an indication for
space utilization. The elevation shown in
the brochure is artists expression only and
the actual may vary according to the
practical site conditions. All measurements
and specifications shown in the brochure are
subject to minor variations without
specific/general notice. All such
variations/alterations shall be purely at
the discretion of the builders.
5. Sanctioned building plans,
title deeds and other related documents
pertaining to this project is available at
our office for reference.
6. 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 common use and that of common lighting.
7. 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 monthly
basis. Membership in the association is
compulsory and not optional. Maintenance
deposit/ advance is collected from all
owners by the builder and after
appropriating the expenses incurred by the
builder during the period the maintenance
was done by them, the builder shall transfer
the balance amount to the association after
its formation.
8. Overseas clients should
make their payments through proper banking
channels.
9. All transactions are
subject to Ernakulam jurisdiction only.
10. 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 the 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 of deduction of
expenses and damages.
11. Completion and delivery
dates are indicated to give an idea of
probable completion of the project. Every
effort will be made to complete and hand
over 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
unfrozen circumstances and to obtain service
connections from statutory bodies due to
reasons beyond the control of the builder.
12. DOCUMENTATION
a. On allotment two
agreements will be executed between the
builder and the client, one for sale of
undivided interests in the land and another
for execution of a construction contract to
build an apartment. Through separate
considerations are specified in each
agreement, the composite value of the
undivided share in the land and that of the
construction contract will be shown in the
payment schedule. Necessary situation to
this effect is given in the agreements.
b. The sale deed for the
undivided share in the land will be
registered or caused to be registered in the
name of the client by the Builder or the
land Owner , as the case may be, on receipt
of the entire payment as per the agreements.
13. All payments should be by
crossed demand drafts/local cheques payable
at Ernakulam drawn in the favour of Cherian
Varkey Construction Company (p) Ltd .
14. For delayed payments
interests will be charged at the prevailing
bank rates.
15. The Builder/ Marketing
agent reserves the right to accept or reject
any application without assigning any
reason thereto.
16. The promoters have the
right to change, alter, delete or add any
specification mentioned herein.
17. The brochure is only for
information and this does not constitute a
legal offer/invitation to an offer.
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