TERMS AND CONDITIONS
- Newdale is a prestigious project of Neelettu Homes, to be completed in a time bound manner.
- An amount of Rs. 1 Lakh to be paid on booking. 30% ofthe total cost to be paid on execution of Agreement within a
month. Balance in equal monthly/quarterly instalments.
- Car Park at extra cost.
- All payments only by Demand Draft or by post dated local Cheques favouring Neelettu Homes, payable at Kottayam.
- All Statutory payments like VAT, Property Tax, Service Tax, for the building payable to the Corporation/ Panchayat,
Building Tax, Welfare Fund and /or any other such taxes or levies will have to be borne by the buyer. Any
subsequent increase in such levies will also have to be borne by the buyer.
- All deposits and charges for Electricity and water have to be borne by the buyer.
- Every effort will be made to obtain electrical, sanitary and water connections within the stipulated delivery time.
However, no responsibility is accepted for any delay beyond our control, in obtaining these services from Statutory
Bodies. Any expense incurred for providing temporary supplies forthe occupation of the premises shall be met by the
buyer.
- The furniture layout shown is only an indication of space utilization. Dimensions and details provided in the
brochure are subject to minor alterations and variations without notice, which shall solely be at the discretion of the
builder
- Neelettu Homes reserves the right to cancel/ reject a booking without assigning any reason whatsoever. In case of
such cancellations/ rejections, the booking amount will be refunded without interest within 30 days from receipt of a
written application for refund. In case of a booking being cancelled after execution of Agreements, the amount paid
will be refunded after deducting 10% and only after the Builder re-allots the said apartment to another buyer.
DOCUMENTATION
- On allotment, an agreement will be executed between the builder and the buyer, for the sale of undivided share in
land and for the Construction of the apartment
- Total value of land and construction will be shown in the payment schedule.
- The Sale Deed of the undivided share in land and apartment will be registered in favour of the buyer on receipt of the
entire payment and before handing over.
- The buyer shall be entitled to get only the proportionate undivided fractional right in the land pertaining to his/her
apartment which may be exclusively owned by him.
- The buyer shall execute the Agreement within one month from the date of allotment.
MAINTENANCE
- Owners Association will be constituted on handing over possession of the apartments, in which membership is
automatic.
- The Owner's Association will carry out all necessary routine and annual maintenance and repairs to common area
and exterior walls of the building, common fittings and installations, payment of electrical and water charges for
common facilities and services.
- Maintenance charges, to be decided upon commissioning, are to be paid by each owner regularly and timely.