The name of the project is Al-Burraq Heights. The apartment/ Villa in this Project as offered to the buyer or its successors- in -interest or assigns by any Buyer or its successors -in-interest and assigns on Ownership Basis under the following terms and conditions.
1. The basic price of the apartment/ Villa space does not include “extra payment” for choice of apartment/ Villa, registration charges, documentation charges stamp duty, legal expenses, main line connection and meter charges for electricity, water and gas, the cost of upgrades and such extra cost and any miscellaneous expenses (the “additional charges”) which may be incurred by the seller in fulfilling the formalities of various departments on behalf of Buyer. The Buyer undertakes to pay to seller all the additional charges, within fifteen (15) days of the demand made in writing by Seller. These additional charges shall be paid by the Buyer in pay order/ demand draft.
2. Prompt payment at the due date for each and every installments as per the agreement signed by the both parties. The notice will be sent to the address given in the Booking Form.
3. If the 3 consecutive Monthly payments are not received, the apartment/ Villa allotment may be cancelled and the amount deposited by the Buyer up to that time, will be refunded after deducting 25% of the total price of the apartment/ Villa. The subject payment will be refund within 90 days once a suitable buyer for the Buyer’s apartment/ Villa. space is found and after the payment is made by the second Buyer.
4. Payment may be made by pay order/bank draft and deposited at the head office or sent by registered post acknowledgment to the head office, mentioned at the beginning of the Booking Form. All payments, other than m cash must be made in the name of Al-Burraq Height through payee’s account only.
5. Price is fixed and there will be NO ESCALATION provided installments are paid by the buyer in accordance with the mode of payment as mentioned in the agreement.
1. Buyer who books apartment/ Villa on the behalf of a third person must submit a duly registered ‘Power of Attorney’ at the time of registry.
2. The allotment/possession of the apartment/ Villa shall rest with the Seller until full payment is made and other charges (additional) are paid by the Buyer. Possession will be made upon completion of the said project.
3. Commencing from date of notice for taking possession of the apartment/ Villa given by the Seller to the buyer, the buyer shall be liable to bear and pay all taxes, charges for electricity, gas, corner charges, legal fees and other services as dictated by the Seller.
4. The buyer shall share the management and maintenance expenses. Agreement to be signed between the Seller and the Buyer at the date of taking possession of the apartment/ Villa.
5. The Buyer shall follow all instructions issued by the Seller relating to the use of parking spaces, passages, common spaces and common facilities, maintenance & management.
6. In case of transfer of file by the allottee in favor of any other person, builder has the right to claim transfer chargers as dictated by the Seller.
1. Construction of Project is planned to be completed in 24 months time. Any time loss due to natural calamities, force majeure, war, changes in the policies of Government, unavailability of building materials and circumstances beyond the control of seller are not included.
2. The seller retains the right at all times to make minor changes in design and specifications consistent with the approved standards.
3. Pursuant to strict compliance of clauses under this schedule, delivery of the apartment/ Villa for physical possession within the specified period, depends entirely upon the regular payments of installments by the Buyer. Any delay in payment will result in delayed delivery.
1. The Buyer agrees to notify the Seller promptly of any change in his/her address by registered post and or e-mail. Until such notice is received, the address given on the Booking Form will be presumed to be correct and valid
2. Display sign to be controlled by the Al-Burraq Heights management as required.
3. At delivery of the apartment/ Villa the area may vary advertised area by + /- 10%
4. Al-Burraq Height Company will be responsible for completing and delivering the project in time.
5. At the time of final execution of sale deed and possession in favor of vendee, the amount will be received and /or refund according to the final measurement of the apartment/ Villa in accordance with settled rates time booking.