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General
Terms & Conditions
1. PURCHASER
shall submit the Application in the prescribed form duly
signed by him/her along with the earnest money. Company
reserves the right to accept or reject any application without
assigning any reason.
2. The
PURCHASER shall declare that he/she is solvent enough to
purchase the demised property as per the terms and conditions
out lined by the company.
3. On
acceptance of application, and receipt of the earnest money
and the down payment, Company will issue a Preliminary
Allotment Letter to the PURCHASER on receipt of which he/she
shall start making payments as per the Payment Schedule.
Allotment will be made on ‘first-come-first-serve’ basis. The
PURCHASER shall sign a DEED OF AGREEMNT within 30 (Thirty)
days from the date of issuance of the allotment letter which
will be a safeguard for the interests of the PURCHASER and as
well as for the Company. The allotment shall be effective only
after realization of the payments and installments in full to
the company.
4. All
payments shall be made through Pay Order/Bank Draft of A/C
payee cheques in favor of “Xenovalley Model Town (Pvt) Ltd”.
Bangladeshi’s residing abroad shall remit payments through TT
of DD to the same account.
5. The
PURCHASER must strictly follow the payment schedule. Company
may issue remainder letters to the PURCHASER for the delay in
payments beyond due date. The PURCHASER is liable to pay a
Delay Charge @3% per month on the defaulted payments. If the
payment is delayed beyond 60(Sixty) days Company shall have
the right to cancel the allotment. In the event of
cancellation of allotment or surrender of allotted property,
due refund will be made only after deducting 5% (Five Percent)
of Total Price of that property and realizing the required
amount for refund from the new PURCHASER of the same.
6. The
PURCHASER being known and understood about the provisions and
limitations of the selective-class private home township as to
be provided in the Pink City (Phase III) like wise the other
private home township commonly built in the cities of the
developed countries, shall declared and affirm that he/she
shall strictly follow the rules and regulations of this
township and shall neither change, alter or modify the design
and plan of his/her home which affects the external
configuration of the home, nor he/she shall construct. Erect
or build any kind of object or establishment within his/her
premise or outside the premises which might affect the
landscape configuration of the said township.
7. Company
reserves the right to make any change in the design both
Architectural and Structural of the building if it is
necessary and expedient in the interest of the project. The
PURCHASER, however, may request for any interior modification
for his/her demised House in writing, but Company reserves the
right to accept or reject the PURCHASER’ s request.
8. The
possession of the demised property in the PINK CITY (Phase II)
will be handed over within 24 (Twenty Four) months from the
date of commencement of the construction work except for the
reasons beyond control of the Company such as force majeur,
natural calamities, political disturbances, sticks, acts of
God or economic conditions, etc. This handover shall only be
made after payment of installments and other charges in full.
9. The
PURCHASERS shall bear the Utilities and Service Charges such
as security deposits, Taxes, Vats, fees, Miscellaneous charges
and other charges and costs payable for getting Gas, Water &
Sewerage, Electricity connections, individual home plan
approval from RAJUK etc. for the demised property in addition
to the individual price of the home. The Company will make
these payments directly to the authorities concerned and the
PURCHASER shall pay the same to the Company.
10. Transfer
of Ownership of the demised House/plot along with the
demarcated land will be registered in favor of the PURCHASER as
per the current rules and regulations of the country only
after completion of its construction and finishing works in
all aspects. All the costs and charges pertaining to transfer
of ownership such as stamp duties, fees, Tax, Vat,
Documentation charges, incidental charges etc. shall be borne
by the PURCHASER.
11. The
PURCHASER must undertake to become a member of the Owner’s
Association comprising of the other owners of this estate for
effective management and maintenance of the township. Each
home/plot owner must initially deposit Tk.25,000/= (Taka
Twenty-five Thousand Only) in the reserve fund of the
association for maintaining management expenses of the estate.
12.
That in any case the project is abandoned or the allotted home
can not be delivered for the reason beyond control of the
company. The PURCHASER shall be given refund of the money paid
to the company within 120 days, in that case the PURCHASER
shall not be entitled to claim any interest whatsoever.
Note :
1. PURCHASERS are required to read the above general terms
and conditions minutely and put there signature as acceptance
before purchase.
2. The general terms and conditions are the integral part of
the DEED OF AGREEMENT.
( Actual usable floor space may vary
from stated floor plan area. All elevation floor plans, site
plan & landscaping are artist's concept. Material
specification & floor plans are subject to change. All
dimension are approximate.)
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