TERMS & CONDITIONS

 

Other features:
Allotment will be made on ‘‘first come first serve’ basis. The company reserves the right to accept or reject any application without assigning any reason.

Allotment:
After receipt of the application and booking money, WREL will issue an allotment letter and payment schedule. The applicant/allottee shall then start making payments as per the schedule of payment.

Payments:
All payments of booking money, installments, additional works and other charges shall be made by account payee cheque, bank draft or pay order in favor of WREL against which proper money receipts shall be issued.


Schedule of payment:
The Second party must strictly adhere to the schedule of payments indicated in the allotment letter/agreement. Delay in payments beyond the schedule date will make the allot tee liable to pay delay charge of 5% per month interest on the amount of payment delayed.

Loan:
Should the allotte desire a housing loan at the time of allotment; the company will do all that is possible to help secure the loan.

Documentation VAT & Other charges:
The allot tee shall bear all expenses in connection with execution and registration of Sale Deed for transfer of the apartment in the Allot tee’s favor such as Stamp duties, all registration fees charges, VAT, documentation charges and /or any other charges, fees, duties, incidental cost and consequential thereupon.

Incidental Cost:
Connection fees, security deposits and incidental expenses/ charges relating to gas, water, sewerage, and power connections are not included in the price of the apartment. The buyers shall reimburse all the expenses incurred by the company on this accounts to the company proportionate to their shares. Amount of such expenses shall be fixed by the Company later on.

Handover:
The possession of each apartment and parking space shall be handed over to the allot tee on full payment of installments and other charges and dues. Prior to this, the possession of apartment will rest with the company.

Allotment Transfer:
Until full payment of all installments and other charges, the buyer shall not have the right to transfer the allotment to a third party.

Cancellation:
WREL shall hold the right to cancel the allotment if the payment of installments is delayed beyond 60 days. In such an event the amount paid by the allottee will be refunded after deducting 10% of the total sales price only after resale of the apartment.

Registration:
Registration of the apartment will be processed only after total value of the apartment is paid to and realized by WREL.

Transfer of Allotment:
WREL shall hold the right to transfer allotment of apartment if the allottee so requests on reasonable grounds and upon payment of transfer fees.
 

GENERAL DISCLAIMER
The information contained in this brochure & plans are subject to change as may be required by the authority or the project architect. All measurements are approximate. Furniture in the layout plans are only for clear understanding of the special quality of the apartments and are not included with price of the apartment.