Application

All interested buyers will need to apply for allotment on a prescribed application form (supplied by the company) duly signed by the applicant along with the Earnest Money. Allotment will be made on first come first served basis. If the buyers like to make one-time payment in full will be given a special discount on the price of the apartment. Allotment of apartment will be confirmed only on receipt of the Earnest Money. The company reserves the right to accept or reject any application without assigning any reason there of.

Payment

The buyer will make the payment as per payment schedule. All payment should be made by A/C payee cheque or bank draft or pay order or in cash in favour of Biswas Builders Ltd. Payments from overseas in US Dollars will be calculated at the prevailing official conversion rate to Bangladeshi taka on the date of payment.

Signing of deed of agreement

After confirmation of allotment, the buyer has to sign the deed of agreement within 30 (thirty) days from the date of payment of Earnest Money.

Possession

The possession of the apartment will be handed over to the purchaser after completion of installments and other charges. Until and unless the dues will clear, possession of the apartment will not be handed over to the buyer.

Delay in payment

The buyer will undertake to pay delay charges at the rate of 2% (Two percent) per 30 days on the amount of payment delayed beyond the due date. If the payment is delayed for 60 days, the company shall have the right to cancel the allotment without any notice to the buyer. In such cases buyers deposited amount will be refunded after sale out the same apartment to a new buyer. Also an incidental charge 15% (Fifteen percent) will be deducted from the buyer’s deposited money.

BBL’s right

The company reserves the right to make changes in both architectural and structural design of the project: Limited changes can be made in respect of overall interest of the complex.

Allotment Transfer

Until making the full payment of installments and other charges, the buyer will not be allowed to transfer the allotment to the third party. Even to the buyer’s wife/husband or children without the written approval of the company.

Transfer and Registration Cost

The company will register a deed of sale in favour of the buyer after receiving the price in full. The buyer will bear all costs relating to registry, like stamp papers and all taxes such as transfer Fees, Stamp Duty, Gain Tax, Registration Fees etc.

Incidental Cost

Connection charges/expenses relating to gas, water, sewerage and electric connection etc not included with the price of apartments. The purchaser will also pay all this payment to the company accordingly. In the event of natural calamity, civil war, strike, war or any act of Allah beyond the control of the company, then the company will not be held liable for any result, delay or abandoning the project.

Owner’s Association

Maintenance of all common services and facilities after completion the project will be done by respective owner’s co-operative society, which will be formed in due time. Before taking possession, each apartment owner will deposit Tk. 25,000/- only to the company for the reserve fund of the society. Income from reserve fund shall be used for maintenance the Project and to meet up monthly establishment expenses such as common electric charges, lift maintenance, generator, sub-station etc. Each apartment owner will pay the certain amount as common bill, which will be fixed up by the society