Application for allotments should be made on the prescribed application form duly signed by the applicant along with the earnest money. The company reserves the right to accept or reject any application without assigning any reason thereto.

The company will issue an allotment letter to the applicant after acceptance of the application. After then the applicant will start making payments.

Allotment of apartment will be given on the basis of the first come first served. However preference may be given to clients paying cash in lump sum or booking more than one apartments.

All sorts of payments such as earnest money, installments, car parking cost, additional works and other charges shall be made in the form A/C payee cheques, Bank Drafts or Pay Order in favour, of Building for Future Ltd. and respective receipts will be issued by the company. Allottees residing abroad may remit payments in foreign exchange by DD or TT. Payment will be considered as received when the sum is actually credited in the Company’s account.

Timely payment of the installments, car parking cost and other charges shall be the essence of the contract delay in payments beyond the due date will make the allottee liable to pay a delay charge of 3% per 30 days on the amount of payment delayed. In case the payment is delays beyond 60 days the company shall have the right to cancel the allotment and allot the same to some one else. In such cases the amount paid by the allottee will be refunded after deducting the Earnest Money. 

The company reserves the right to cancel an allotment due to non payment of installment in disregard of reminders and after final intimation to allottee by registered post at the address in the application form.

An agreement will be made between the company and the allottee for safeguarding the interest of the allottee as well as the company after payment of minimum 25% of the apartment price.

The company may seek and may arrange financing facilities for an allottee and the maximum amount of the facilities would be 40% of the cost of apartment. However it is the final discretion of the concerned financial institute for such financing.

Utility connection fees / charges, security deposits and other incidental expenses payable for water supply, sewerage, electric and gas connections are not included in the price of the apartments. These payment will be made by the company directly to the authorities concerned on the allottees account. The allottees have to pay utility charges against each apartment. The allottee has to make his/her/their own arrangements for telephone connections.

If for some unavoidable reasons, it is necessary to make minor charges in the specifications, design and/or layout of the apartments and other facilities, the company has the right to do so.

On completion and on full payment of installments and other charges and dues, the company will handover the possession to the allottee, otherwise the possession of the apartment will remain with the company.

Stamp duties, documentation charges and all other miscellaneous expenses likely to be incurred in connection with the Deed of Agreement or Transfer of shares of Registration of the apartment will be borne by the allottee. Only the actual sums shall be charged.

The allottee(s) must consult wit the Company and take necessary permissions before undertaking any structural or layout changes within the apartment complex after taking possession of the apartment. Failure to do so will be at the sole risk of the allottee and the Company will not be responsible for any damage or mishap/faults.

The construction of the project will be completed within the schedule time of the company. The schedule of implementation of the project has been methodically prepared to ensure high quality and smooth progress of the work.

Force majure, natural calamities, strikes, political disturbances, economic depression and changes in the Fiscal / Commercial policy of the state etc. may affect the competition period of the construction of the project. In this cases the company reserves the right to reschedule the construction time.

Due to any practical reason beyond the control of the Company, the implementation of the project is abandoned, the Company will refund to the allottee all installments deposited along with the Earnest Money within sixty (60) days from the announcement made to this effect, in this case, the allottee will not be entitled to any claims or damage whatsoever. 

Upon registration of the apartment the allottee (Irrespective of the floor) becomes the proportionate owner of the land on which the building is to be constructed.

The allottee will elect from amongst themselves a Managing Committee who will be responsible for the maintenance and management of the building and the general affairs of the committee. All allottees must agree to abide by the rules of the Committee.

Each allottee (for each allotment of apartment) must initially deposit an amount, to be decided by the company, towards reserve fund of the managing committee for management expenses of the complex such as lifts, pump, security etc.