Terms & Condition


1.       It will be a first come first service based allotment system.
2.       Application must be made using the Wakia Properties Ltd (WPL) Prescribed from, Buyers will deposit booking money @ Tk 50,000/- per Plot through pay order/bank draft in favour of WPL along with 02 (Two) copies of passport sized photographs duly attested photocopies of National Identity Card/Passport/Birth certificate. In case of nominees documents must be submitted.
3.       The company will have the right to accept or reject any application without assigning any reason.
4.       All payment shall be made by cheque/pay order/Bank draft in the name of WPL through account payee crossed residing in abroad may payment by TT or DD through proper and lawful channel.
5.       The Buyer must strictly adhere to the negotiated payment schedule in paying the booking money installments as per schedule.
6.       In case of failure to pay installment in due time, the buyer will have to regularize the payment before the next installment has fallen due. in the events of failure of payment of total 03 (three) installments (or as decided by the company) in due time, the company will have the right to cancel the allotment and allot the same to another intending  allotee, in such case, the buyer will get back the deposited money within quickest possible time after deducting incidental charges.
7.       After the payment of “Booking money” and “Down payment” a “Deed of Agreement” will be executed in favour of the buyer.
8.       A formal allotment letter shall be issued to and a “Deed of Conveyance” shall be executed and registered in favour of the buyer after payment of consideration of plot full and completion of formalities with govt. bodies.
9.       All costs involved for execution and registration of the “Deed of Conveyance” shall be come by the buyer.
10.    Without the prior consent of the company the buyer shall not in writing transfer, company, mortgage, assign or in any other registered as saff kabola.
11.    Buyer shall bear the cost & be responsible for the connection of gas, water, electricity etc.
12.    If the buyer surrenders voluntary after booking the land but before registration of Deed of conveyance, he/she/they will be refunded the amount deposited within quickest possible time.
13.    The buyer shall abide by the terms and conditions contained in provisional allotment letter, Deed of Agreement, formal allotment letter and the Deed of conveyance.
14.    Before registration of sale deed/deed of conveyance, if the buyer wants to change the ownership of the plot in favor of his father, mother, husband, wife, brother, sister, son or daughter no transfer-fee will be required for the purpose. However, other than the above mentioned relatives transfer will only be done after giving prescribed transfer-fees to the company.
15.    The area of the plot may vary on measurement while handing over physical possession. In case of variation in measurement of the plot, the buyer shall pay for the increased quality of land at present market price and in case of decease on quantity the company shall refund the proportionate amount at booking price rate.
16.    Company will reserve the right to change/modify/alter the layout plan for the greater interest of the project. In such case the company will try to reallocate a plot to the purchaser keeping in view to the size and location of the previous plot.
17.    Real Estate mortgage may be done as per Real Estate and Development Act-2010.

Finally any kind of variation in respect to the location, position, size of the plot shall be accepted by the purchaser. The company’s decision would be final in this regard

No comments:

Post a Comment