TERMS & CONDITIONS

Documentation

Documentation of an apartment comprises of two parts:

  1. On allotment, two agreements will be executed between the builder and the purchaser; one for the sale of undivided share of land and another for construction contract to build an apartment. 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.
  2. The sale deed for the undivided share of land will be registered in favor of the purchaser on receipt of the entire payments. Stamp duty documentation charges, registration charges and incidental expenses for the registration of the sale deed will be to the buyer's account.

Maintenance

Owner's Association/Trust will be formed on handing over the possession of the apartments. Membership in the above Association / Trust is compulsory, not optional. The owner's association/trust will carry out all necessary routine and annual maintenance and repairs to common area and exterior wall of the building common installation and fittings, payment of electrical and water charges for common facilities and services. Maintenance and /charges/deposits are to be paid by each owner regularly and timely. The maintenance will be carried out by the builder till the formation of the Owner's Association, which will take over the maintenance. Maintenance deposits/advance is collected
from all the owners by the builder 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.
Payment Schedule

30% of the total contracted amount (including booking charges) to be paid initially at the commencement stage of project while executing the agreement and balance in bimonthly installments vide post dated cheques. Allotment of car park will be at extra cost.
Disclaimer

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, including drawings, illustration, photographs and art renderings (the “visual Representations”) portray artistic impressions only. 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. Floor areas are approximate measurements and are subject to final survey.We
reserve the right to modify features, any unit, the development or any part there of as any be approved or required by the 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 rely only upon the terms of the Buyer's Sale agreement which is a comprehensive document containing all the terms and conditions applicable as between the parties.

  1. Once allotted and agreement signed, the prices are firm.
  2. All payments only by demand draft or by local cheques favoring Palmland Apartments and Developers (Pvt.) Ltd. Payable atKOLLAM.
  3. Contracted built up area shall be handed over to the customer on settling of all dues to the builder.
  4. Palmland Apartments and Developers (Pvt.) Ltd. reserves the right to accept or reject any application
  5. Other expenses to be borne by the purchaser include all Local Taxes, Sales Tax on Workers Contract or VAT, as applicable, Kerala Building Tax, Construction Workers Welfare Fund, Provident Fund contributions or similar social security fund contributions, 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 and cabling charges as specified in the agreement, monthly maintenance deposit / advance, cost of transformer and the charges for extra works, if any.
  6. Builder is not responsible for any delay in water / electric and other service connections due to the delay with concerned departments.
    The plans are not drawn to the scale and are included only for the purpose of identification. The measurement 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 an artistic impression only and the actuals 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. This brochure does not constitute neither a legal offer nor an invitation to an offer.
  7. The area is inclusive of proportionate share of common areas and wall thickness.
  8. Sanctioned building plans, title deed and other related documents, pertaining to this project is available at our office for reference.
  9. All transactions are subject to Kollam jurisdiction only.
 
 

                 All Rights reserved to Palmland Apartments ™ Pvt. Ltd.  Best viewed in  1024X768 Resolution. Site is under Updation.

Site created & maintained by  Sunil Panicker, Excel Computers, Kottarakara. Tel: +919446787024

Post your suggestions to xlktr@yahoo.com