TERMS & CONDITIONS
Documentation of an Apartment comprises of two parts.
- On allotment, two agreements will be executed between the builder and the purchaser. The joint agreement for the Sale of undivided share of land and second agreement for Execution of a construction contract to build the Residential unit. Though separate considerations are specified in each agreement, the composite value of the undivided share of land and that of the construction contract will be shown in the payment schedule. Necessary citation to this effect are given in the agreements.
- The sale deed for the undivided share of land will be registered in favour of the purchaser on receipt of the entire payments. Stamp duty, documentation charges, registration charge and incidental expenses
- for the registration of the sale deed will be to the buyer’s account.
Owner’s Association/ Society will be formed on handing over the possession. Membership in the above Association/ trust is compulsory and not optional. The owners’ Association/ Society will carry out all necessary routine and annual maintenance and repairs to common area and exterior of the building, common installation and fittings, payment of electrical and water charges for common facilities and services. Maintenance & Security will be taken care of by the Builder till the formation of the Owners’ Association/Society or 6 months from date of Handing over full procession which shall be decided by the Builder.
Maintenance deposit/advance is collected from all the 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.
Rules and Regulations
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 amount paid till such cancellation will be returned only after re-allotment to another party and without any Interest.
Whilst reasonable care has been taken to ensure accuracy in the preparation of information in this brochure, no warranty is given and interested parties should rely on the Buyers Sale Agreement. Visual representations, drawings, illustration, photographs and art renderings (the “Visual Representation”) portray artistic impressions only. Modifications are not permitted in the apartment as specifications and designs have been carefully worked out. Considering the number of apartments and the delivery date, customization will not be possible in the collective interest of the purchasers. The information contained herein, the fittings, finishes, features and other display in the show units or elsewhere (the “Materials”), which are for general guidance only are subject to change and should not be relied upon as accurately describing any specific matter. We reserve the right to modify features of any unit, the development or any part thereof as may be approved or required by the builder or required by their renowned Architects, or by the Relevant authorities.
We have not authorized anyone to make any oral promises or assurances on our behalf with regard to the specifications of the apartments in question. Purchasers are requested to reply only the terms of the Buyers’ Sale agreement which is a comprehensive document containing all the terms and conditions applicable as between the parties. This brochure does not constitute a legal offer.
Company is not responsible for any delay in water / electricity /Sewage connection by the concerned Government department.
Possession shall be given to the buyer on settling of all the dues to the builder
All payments by local cheques / Demand drafts favouring “Promag Realtors Pvt. Ltd.” payable at Trivandrum.
The initial six months from the date of handing possession shall be treated as the defect liability period during which time the builder shall make good all defects and deficiencies free of cost. This will not include damage or modification created by buyer during the period of Interior Works.License & Permits:
- Fire NOC No.
- Corporation Building Permit No.