TERMS & CONDITIONS

WE BELIEVE IN QUALITY WORK AND WE ARE KNOWN FOR IT

Once allotted and agreement signed, the PRICES ARE FIRM.
Cost of Stamp Paper, Registration charges, Legal and miscellaneous expenses in connection with the registration of land are to be borne by the purchasers. In the case any addition stamp duty is claimed by the registration department, then that also has to be borne by the purchaser.
Other expenses to borne by the client include all local taxes, Services Tax, Value Added Tax (VAT), as applicable, Kerala Building Tax, Construction Workers Welfare Fund, Provident Fund contributions or similar social security fund contribution, 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 deposit and cabling charges as specified in the agreement, Monthly Maintenance Deposit /Advance, cost of transformer and generator (common) and the charges for Extra works, if any.
Sanctioned building plans, Title Deeds and other related documents pertaining to this project are available at our office for reference.
Monthly maintenance expenses are to be shared among owners, as dedicated by Owners Association. Which include expenses for the maintenance of common area, common amenities/facilities provided, machinery or equipments provided for the common use and that of common lighting.
The maintenance will be carried out by the builder till the formation of Owners Association, which will take over the maintenance. Maintenance charges are Payable by the Owners on the monthly basis. Membership in the association is compulsory and optional. Maintenance Deposit /Advance is collected from all the Owners by the Builder and 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.
Overseas clients should make their payments through proper banking channels.
All transactions are subject to Calicut Jurisdiction only.
This is a time bound project. Incase payments are not made as per agreement signed, the builder reserves the right to cancel the allotment, in which chase refund to the client will be made only after re-allotting the unit to another party and such refund shall be without any interest and subject to deduction of expenses and damages.
The company is not responsible for any delay in obtaining water/ electricity connection due to the delay with the concerned departments. However no responsibility will be accepted for any delay in completing the project due to unforeseen circumstances and to obtain service connections from statutory bodies due to reasons beyond the control of the Builder.
DOCUMENTATION; -On allotment, two agreements will be executed between the Builder and the Client, one for Sale of land and another for execution of a Construction contract to build the villa. Though separate considerations are specified in each agreement, the composite value of the land and that construction contract will be shown in payment schedule. Necessary citation to this effect is given in agreements.
All payments should be by crossed demand draft / local cheques payable at Calicut drawn in favour of Lifestyle Properties & Developers.
For delayed payments interest will be charged at the prevailing bank rates.
The area is inclusive of proportionate share of common areas and wall thickness.
The Builder / Marketing Agent reserves the right to accept or reject any application without assigning any reason thereto.
The plans are not drawn to scale and are included only for the purpose of identification. The measurements shown in the plan are indicative and may vary. Furniture lay-out 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 specification shown in the brochure are subject to minor variation without specific or general notice. All such variations / alterations shall be purely at the discretion of the builder.
This brochure is only for information and this does not constitute a legal offer / invitation to an offer.