Sales and construction agreement shall be executed between the promoters and buyer on allotment.Once allotted and agreement signed, the prices are firm.
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.
The sale deed for the undivided share of land will be registered in favour of the buyer on receipt of the entire payments and before handing over of the contracted built-up area to be constructed through the promoters.
Stamp duty, documentation charges, registration charges and incidental expenses for registration of the sale deed will be to the buyers account.
All payments to be made by Demand Draft or local cheques favouring “M/s Sree Nakshatra Builders & Developers India Pvt. Ltd.” payable at Trivandrum.
The allotment shall be confirmed only at the remittance of the full booking amount on or before the stipulated date intimated by builder, failing which this application shall stand cancelled and the application money will be refunded without interest , only if the promoter finds an alternative buyer.
Statutory deposits, building tax, service tax and construction workers welfare fee should be paid by the buyer.
Possession shall be given to the buyer on settling of all the dues to the promoters.
Maintenance responsibility of the building shall rest with Society / Association of the Owners/buyers which shall be formed in conformity with the Kerala Apartment Ownership Act of 1983 within six months of handling over the possession of apartments to the buyer and membership is compulsory and not optional.
All measurements and specifications given here are subject to variation without notice and shall be purely at the discretion of the promoters.
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 utilization. The elevation shown in the brochure is artist’s expression only & the actual may vary according to the practical site conditions. All measurements & 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.
The information contained herein does not form part of the contract and is subject to change.
The promoters are not responsible for any delay in water / electric connection due to the delay by the concerned department.
In case, the project is not taken up due to any reason, the advance application money of the applicants would be refunded with simple interest @ 5% till refund.
The promoters reserve the right to accept or reject any application. The application will not confer any contractual rights on the application.
All transactions are subject to Trivandrum jurisdiction only.
MAINTENANCE:
The initial six months period after the completion of the project will be treated as the defect liability period. During this period Sree Nakshatra will take charge of maintenances.
