Terms & Condition

Application :

Application for allotment of apartment should be made in the prescribed form duly filled up by the applicant along with booking money. The company has the right to accept or reject any application without assigning any reason whatsoever.

Payment:

The purchaser will make the payment as per payment schedule mentioned in legal purchase agreement. All payment  should be made in the form of Bank draft /Pay-order/ cheque in favour of Reliance Holdings Ltd. The purchaser is liable to pay a delay charge of 3% per month on the defaulted amount. If the payment is delayed beyond 2 (two) months, Reliance Holdings Ltd. has the right to cancel the allotment. In case of cancellation of allotment or surrender of apartment due refund will be made after deduction 10% or one lac which one will be less as incidental charge.

Reliance Holdings Ltd. Right :

The company has the right to accept or reject any application for allotment. It also reserves the right to make changes in both architectural and structural design of the project if necessary. In the event of unavoidable circumstance, the developer reserve right to make limited change in the specification, design and layout of the apartment and other facilities.

Project Hand over :

The possession of each apartment shall be handed over to the allotee/purchaser after full payment of installment and on completion of apartment. The completion of the project may be affected by unavoidable circumstances beyond the control of the company like natural calamities, political disturbance strikes, acts of good and change in Govt. policy etc. In such case the allottee / purchaser shall not demand any compensation.

Total cost of flat :

The total cost of the flat includes :

(a)        Cost of apartment

(b)        Utilities connection Charge / fees like gas, solar,water,sewerage and electricity ect.

(c)        Parking facility

Transfer of ownership:

The apartment along with proportionate share of land will be registered in favour of each allottee / purchaser as per current rules & regulation of Government of Bangladesh.

Transfer cost :

The buyer will pay stamp duties, registration fees, taxes legal govt. charge, vat and other miscellaneous expenses likely to be  incurred in connection with the registration of deed of flat.