All renderings are the artistic impression of the possible design and do not necessarily represent the final product. The company has the exclusive right to include or exclude any item of the feature and amenities of the apartment during the construction period.
Application for reservation of apartment space in this project shall be made on the prescribed application from duly signed by the applicant with earnest money. Allotment will be made on “first come first serve basis”. The company reserves the right to accept or reject any allotment without assigning any reason there to.
After receipt of the application and full amount of booking money, Megh Builders Ltd will issue an allotment letter and payment schedule. The applicant / Allottee shall then start making payments as per the schedule of payment.
All payment of booking money, installments, additional works and other charge shall be made by cross cheque, bank draft or pay order in favor of Megh Builders Ltd. against which proper receipts will be issued. Foreigners and Bangladeshis residing abroad may make payment in foreign exchange by TT or DD as per exchange rate issued by Bangladesh Bank as on the date of application and subsequently on the dates of installments paid.
Schedule of Payment
The allottee must be strictly adhere to the schedule of payments indicated as per allotment agreement. Delay in payments beyond the schedule date will make the ALLOTTEE liable to pay a delay charge of 3% per month interest on the amount of payment delayed. If the payment is delayed beyond 60 days, the company shall have the right to cancel the allotment. In such an event the amount paid by the ALLOTTEE will be refunded after deducting 10% of the total sales price only after resale of the apartment space.
If the allottee desires housing loan at the time of allotment, the company will do all that is possible to help secure the loan.
Documentation Vat & Other Charge
The ALLOTTEE will pay all Government charge, documentation charge and other miscellaneous expanse likely to be incurred in connection with the deed agreement, allotment, registration and transfer etc.
Connection fees, security deposits and incidental expenses/charge relating to gas, water, sewerage and power connections are not included in the price of the apartment space. The buyers shall reimburse all the expenses incurred by the company on these accounts to the company proportionate to their shares.
The possession of each apartment space and parking space shall be handed over to the Allottee on full payment of installments and other charge and dues. Prior to this, the possession of apartment space will rest with the company.
After taking over apartment space, the allottee must consult Megh Builders Ltd. prior to undertake any structural or layout changes within the building complex. Failure to do so will be at the sole risk of the allottee.
Cancellation & Allotment Transfer Policy
In case the allottee wants to cancel the apartment space or if s/he wants to change the allotment or transfer the allotment to other person (excluding first degree of blood i.e , husband-wife, father-mother, children) or company s/he shall be liable to pay to the company a service charge of 10% of total purchases price of the apartment space. Until full payment of all installment and other charges, the buyer shall not have the right to transfer the allotment to a third party.