Terms & Conditions
- Cost of Stamp Paper, Registration Charges, Legal and miscellaneous expenses in connection with the registration of apartment are to be borne by the purchaser. In case any additional stamp duty is claimed by the Registration Department, then that also has to be borne by the purchaser and the purchaser assures to keep the builder/seller indemnified on all these counts.
- Other expenses to be borne by the purchaser include all Local Taxes and Goods and Service Taxes as applicable. Other statutory charges those are applicable or made applicable during the pendency of the contract or after its completion in relation to this project under any pretext, KSEB deposit and other incidental charges and such other deposits as specified in the agreement, monthly maintenance deposit / advance, and the charges for the extra works, if any.
- The plans are not drawn to scale and are included only for the purpose of identification. The measurements shown in the plans 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 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 / alternations shall be purely at the discretion of the builders.
- The area is carpet area as defined in RERA and will be disclosed in the documents
- Monthly maintenance expenses are to be shared among owners, as decided by the Owner’s Association. These include expenses for the maintenance of common area, common amenities / facilities provided, security, machinery or equipments provided for the common use and that of common lighting.
- Maintenance will be carried out by the builder till the formation of the Owner’s Association which will take over the maintenance. Maintenance charges are payable by the owners on monthly basis. Membership in the Association is compulsory and not optional. Maintenance deposit / advance is collected from all the owners by the builder. After appropriating the expenses incurred by the builder during the period of maintenance done by them, the builder shall transfer the balance amount to the Association after its formation.
- Overseas purchasers should make their payments through proper banking channels.
- All transactions are subject to Ernakulam jurisdiction only.
- This is a time bound project. In case the payments are not made as per agreement signed, the builder shall be entitled to the remedies prescribed by RERA rules and as per the agreement between the parties.
- The firm / company is not responsible for any delay in obtaining water / electricity connection due to the delay with the concerned departments.
- DOCUMENTATION:
- On allotment, necessary agreements will be executed as per K-RERA rules between the builder and the purchaser.
- The sale deed will be registered or caused to be registered in the name of the purchaser by the builder or landowner, as the case may be on receipt of the entire payment as per the agreements.
- All payments should be through Bank Transfer or crossed Demand Drafts / Local Cheques payable at Ernakulam, drawn in favour of M/s. Varma Homes Private Limited.
- For delayed payments interest will be charged as stipulated in RERA Act & Rules.
- The builder / marketing agent reserves the right to accept or reject any application without assigning any reason thereto and further is entitled to reject the application at any time before execution of formal / written agreements between the parties.
- This brochure is only for information and does not constitute a legal offer / invitation to an offer.
- DISPUTES
All disputes or differences related to or arising out of or connected to the subject matter referred herein shall be referred to Arbitration as per Law applicable as on the date of commencement of the Arbitration. The place of Arbitration shall be at Ernakulam. The Award of the Arbitrator shall be final and binding on the parties. The Courts at Ernakulam shall have jurisdiction.