Documentation

Documentation of an apartment comprises of two parts.

(a) On allotment, two agreements will be executed between the builder and the purchaser; one for the sale of undivided share of land and another for execution of a construction contract to built an apartment. Though separate considerations are specified in each agreement, the composite value of the undivided share of land and that of the construction contract will be shown in the payment schedule. Necessary citations to this effect are given in the agreements.

(b) The sale deed for the undivided share of land will be registered in favour of the purchaser on receipt of the entire payments and before handing over the contracted built up are to be constructed through the builder. Stamp duty, documentation charges, registration charges and incidental expenses for the registration of the sale deed will be to the buyer's account.

Maintenance : Owner's Association / Trust will be formed on handing over of the possession of the apartments. Membership in the above Association / Trust is compulsory, not optional. The Owner's Association / Trust will carry out all necessary routine and annual maintenance and repairs to common area and exterior wall of the building, common installation and fitting, payment of electrical and water charges for common facilities and services. Maintenance charge / deposits are to be paid by each owner regularly and timely. The maintenance will be carried out by the builder till the formation of Owners Association 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. Rules and regulations GIE Avenue Manor is a time bound project. In case payments are not made as per agreement signed, the builder reserves the right to cancel the allotment, in which case the amount paid till such cancellation will be returned only after re-allotment to another party and without any interest. Payment schedule 30% of the total contracted amount to be paid initially at the commencement stage of project while executing the agreement and balance in bi-monthly installments. Allotment of additional car park at extra cost.

Note : All measurements and specifications given elsewhere in this brochure are subject to minor variations without specific or general notice. All such variations / alterations shall be purely at the discretion of the builder. The information contained herein does not form part of the contract and is subject to change. Elevation given is an artistic impression only. This brochure does not constitute a legal offer nor an invitation to an offer.