TERM  AND  CONDITIONS

1. Who can be an applicant of VTT?

Any individual whether an Indian citizen or a Non Resident Indian or a person of Indian origin can be an applicant. Applications on behalf of minors should be made by their legal or natural guardian.

An application on behalf of a Firm /Company /HUF/AOP should be made by duly authorized person. The application form should be accompanied by Certificate of Incorporation /Registration Certificate /Board’s Resolution /MOA/AOA/Official Seal.

2. Procedure to apply.

• The person intending to purchase an apartment has to apply on the prescribed application form and at the time of allotment, he must become a member of Purbhanchal Griha Nirman Unnayan Samiti.

• The application should be accompanied by a crossed cheque /Bankers cheque or Bank draft payable at Guwahati in favour of “Versha Technotrade Pvt. Ltd.” for Rs. 50,000/- towards the application money. Outstation cheques/cash payments will not be accepted.

• The completed application form duly filled up and signed by the applicant(s) along with the application money should be submitted at any of the following addresses during office hours.

The applicant will have to choose his apartment subject to availability at the time of

submitting the duly completed application .The allotment will be done at the sole

discretion of the Developers.

It shall be incumbent on the allotee(s) to comply with the terms of payments in respect

of the apartment, car parking and any other payments.

Payment of installments and all other dues shall have to be made within 10 days from

the date of issue of letters to the allotee(s) for the outstanding amounts.

First allotee(s) name, Flat no., and Block no. must be written on the reverse of the

Cheque/Draft.

3. One time consideration for the Recreation Centre facilities of the Project @Rs. 20/- per sq. ft.

4. Additional cost of Amenities per unit to be paid by the purchaser on or before taking of possession of Flat/Unit/Apartment.

   • For Generator :300 watts for 1 BRF /500 watts for 2 BRF/ 700 watts for 3 BRF& row houses and also common lights, lifts and water pumps @Rs. 20/- per sq. ft.

   • For ASEB transformer & high tension line, line expenses up L.T. line cables, cost including transformer surcharges @Rs.8 /- per sq ft.

   • Charges for legal documentation at the time of agreement Rs. 2500/-.Charges for legal documentation at the time of conveyance Rs. 2500/-.

5. a) The purchasers will have to pay the security deposit and the expenses as may be required by ASEB for individual meter in the said unit directly with ASEB and the proportionate share of the deposits and expenses payable to ASEB for the building and the complex.

b) Charges for stamp fees, registration charges & incidental for registration of the transfer documents as may be determined and advised by the Advocates to be determined by the Developer before taking over the possession.

c) Proportionate costs & fees in relation to formation of Association /Co- Operative Society /Private Limited Company for the maintenance of the complex.

d) The Purchaser will have to pay the charges for the installation of window grills etc. at actuals.

e) The purchaser will have to make a maintenance deposit for 2 yrs. as determined by the Developer.

         f)  The purchaser will have to pay an amount of Rs. 10,000/- towards documentation charges including fee etc.

6. Scrutiny, Refund & Cancellation.

i) The Developers reserve the right to reject any incomplete or deficient application or

   any application at their sole discretion.

ii) Incase the applicant cancels his booking prior to execution of the agreement or fails to

   execute the agreement within 15 days of the application, a service charge of Rs.

   15,000/- will be deducted.

iii) Applicants are advised to refer to the detailed terms and conditions and the draft

    agreement for sale available at the above mentioned offices prior to submitting their

    applications.

        Payment of Installments.

        Under Consideration of Developers. To be declared shortly.                         

            GENERAL

1) It is understood that the applicant has applied for the allotment of residential apartment with full knowledge of the laws/notifications and rules applicable to this area in general and group housing project in particular and the applicant has fully satisfied himself/herself/itself, about the right title and interest of the Developer and the right title and interest of the Owners in the land on which apartments will be/are being constructed.

2) The layout plans and building plans, specification of building(s) complex and apartment(s) are tentative and are subject to variation .The layout of the plans, Roads, Windows, Doors etc. will vary from block to block and also from sample flats.”Aakash Residency” may effect such variations, additions, alterations, deletion and/or modifications therein at its sole discretion deem appropriate and fit or as may be directed by any competent authority. The dimensions of the various portions of the individual flats are tentative and may vary due to site conditions and/or technical reasons.

3) The allotee(s) will be required to execute ,a formal agreement for allotment within 15 days of being required to do so by ‘VTT’. Under the existing laws the stamp duty and the registration charges at the applicable rate is levied on such agreement for allotment. Such stamp duty & Registration charges shall be payable wholly and exclusively by the allotee(s).

          “VTT” however, may at its sole discretion, relax any of the conditions. It also reserves

          the right to reject any application without assigning any reason whatsoever.