Interested client(s) will submit application in prescribed form supplied by the company duly signed by the investor(s) along with earnest money other necessary documents. The company has the right to accept or reject any application without assigning any reason whatsoever. Investor(s) willing to pay huge amount in one time will be given preference.
Allotment will be made on first come first served basis. Upon acceptance of application, earnest money, down payment & other necessary papers, HDL will issue an allotment letter in favor of the applicant. This will include the payment mode, which the investor(s) should follow on receiving the allotment letter. Investor(s) willing to make one time payment will be rewarded with substantial rebate. The investor(s) is not entitled to transfer the apartment to any third party till the apartment handed over to him/her/them.
All payment should be made by A/C payee cheque or bank draft or pay order or cash in favor of Home Design Ltd. Investor(s) residing abroad may remit payments by TT or DD. HDL expects the investor(s) strictly adhere to the payment schedule settled earlier. This must be mentioned here that, timely completion of the project is entirely depends upon the timely payment of the investor(s). The investor(s) will liable to pay a delay charge of 5% per month on the defaulted amount. If the payment is delayed beyond 2 (Two) months, HDL has the right to cancel the allotment. In case of cancellation of allotment or surrender of apparent, due refund will be made after deducting the earnest money and realizing the refund amount from the new investor(s).
The company has the right to accept or reject any application of allotment. It also reserves the right to make changes in both architectural and structural design of the project, if necessary. Limited changes can be made in specifications for overall interest of the project.
The possession of each apartment shall be handed over to the allottee(s)/ purchaser(s) on completion of apartment and after full payment of installments, other charges/ dues. Until and unless the dues are not clear, possession of the apartment will be hold by the company.
Connection fee, security deposit for water, gas, electricity and other incidental costs are not included in the apartment price. HDL makes these payments directly to the concerned authorities and the investor(s) shall reimburse the amount on actual basis to HDL.
Transfer of Ownership:
Proportionate share of indivisible land as well as apartment will be registered in favor of each investor(s) as per the current rules and regulations.
The investor(s) must undertake to become a member of the “Owners’ Association”, which will be formed by the owners of the apartments with the view to maintain the general affairs of the complex for common interest. Each apartment owner must initially deposit Tk.25,000/- (Twenty five thousand) only to the reserve fund.