General Terms & Conditions:
1. On registration and booking, sales and purchase Agreement shall be executed between the promoter and the owner (applicant).
2. The concept of the transaction shall be sale of land/land share on the condition that promoter shall only be undertaking the construction utilizing the funds to be made available by the owner through advances.
3. The promoter shall arrange legal transfer of the property of the land share in favour of the owner at the cost of the latter, which shall be subject to the owner paying all the outstanding dues to the promoter.
4. The Residential/ Commercial apartment buildings are constructed by the promoters and handed over to the owners on fulfilling the agreemental,obligations by the parties concerned. The maintenance responsibility of the building is with the society/ associtations of the owners, which shall be formed in conformity with the TN apartment Act – in TN.
5. Besides, th,e payment of the construction cost on the manner incorporated in relevant schedule in the construction agreement.
6. The buyer should pay service tax and other relevant taxes and cannot skip the owner, builder or promoter is liable.
7. Once booked and confirmed, the owner is not normally expected to cancel. In the event of cancellation the amounts advanced by him shall be refunded without any interest, only if the promoter finds an alternative buyer.
8. The measurements/specifications given in the brochure shall be subject to variations of minor nature, if such changes are warranted due to statutory or commercial requirements that shall not be objected to by the owner.
MAINTENANCE – Charges must be borne by the buyer