Penta Park
Apartments
Poothole, Thrissur, Kerala, India
TERMS AND 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 land are to be borne by the purchasers. In case
any additional stamp duty is claimed by the Registration department,
that also has to be borne by the Purchaser.
3. Other expenses to be borne by the client include all local taxes,
Sales Tax on Works Contract or VAT, as applicable, Kerala Building
Tax, Contribution to Workers Welfare Fund, Central service tax, 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 project, other statutory
payments in respect of the construction work carried out, KSEB
Deposits, Transformer and cabling charges to get the electric connection, Charges
for water connection and the cost of extra works if any, done on
request by the customer.
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 layout is only an indication for
space utilisation. The elevation shown in the brochure is an
artist's 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 or
general notice. All such variations / alterations shall be purely at
the discretion of the Builder.
5. The area is inclusive of proportionate share of common area and
wall Thickness.
6. Sanctioned Building Plans, title deeds and other related
documents pertaining to this project are available at our office for
reference.
7. Monthly maintenance expenses are to be shared among owners, as
decided by the owners association. This include expense for the
maintenance of common area, common amenities / facilities provided,
machinery or equipment provided for the common use and that of
common lighting
8. The maintenance will be carried out by the Builder at the expense
of the owner, till the formation of Owners Association, which will
take over the maintenance. Maintenance charges are payable by the
Owners on a monthly basis. Membership of the association is
compulsory and not optional.
9. AII transactions are subject to Thrissur Jurisdiction only
10. Oversees clients should make their payments through proper
banking channels.
11. This is a time bound project. In case payments are not made as
per the agreement signed, the builders reserves the right to cancel
the allotment in which case, 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 o deduction of expenses and
damages
12. 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 and 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 concern
department. However, no responsibility will be accepted for any
delay in completing the project due to unforeseen circumstances and
to obtain service connection from statutory bodies due to reasons
beyond the control of the builder.
13. DOCUMENTATION
a) On allotment, two agreements will be executed between the Builder
and the Client, one for the Sale of undivided interest in the land
and another for execution of a construction contract to build an
apartment. Though separate considerations are specified in each
agreement, the composite value of the undivided share in land and
that of the construction contract will be shown in the payment
schedule. Necessary citation to this effect is given in the
agreements.
b) The sale Deed for the undivided share in 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
14. All payments should be by crossed demand drafts / local cheques
payable at Thrissur drawn in favour of M/s Pentark Builders and
Developers
15. For delayed payments interest will be charged at the prevailing
rates.
16. The Builder/Marketing Agent reserves the right to accept or
reject any application without assigning any reason thereto.
17. This Brochure is only for information and this does not
constitute a legal offer / invitation to an offer.
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