Once you sign the Agreement - You have to follow the Jain Housing Rules.Here you go
Power Of Attorney Holder will Sign the Document - Please get the Live Certificate for one who gave POA as per Supreme Court Judgement
If you paid the advance Rs.50, 000/= No Issue please try to get back otherwise leave as it is. Don’t Proceed further.
The Payment Clause should be adhered strictly to enable the Party of the First part to go ahead with and Complete the construction of the building in time without any stagnation. INTEREST AT THE RATE OF 18% per annum shall be charged for all the delayed payment. if payment is not received within 10 days from the date of intimation.
The party of the First part will have the first charge or LIEN on the said flat/premises on all balance due by the party of the Second part until they are paid. > They will send the notice on Friday or Saturday.if you delay one day then they will charge 18%
If the Construction material prices or Labor costs increased by more than 10% during the period of construction as per No 1(a) herein, the said difference shall be borne by the Party of the Second Part(Customer) > For Threatening the Customer - Though Its not valid as per the Consumer Law.
The party of the first part(Jain Housing) also agrees to compensate the party of the second part(Buyer) at the rate of Rs.6.50 per square feet per month in case of any delay in construction beyond the above stipulated period the party of the second part makes the stage payments without any default. > if you delay the payment even one day you are not entitled to claim the same
The party of the First Part shall not incur any liability, if they are unable to deliver the possession of the said schedule "C" mentioned property by the date aforesaid, if the completion of the building is delayed to due circumstances beyond their control, such as non availability of steel and or any other building materials or by reason of war, civil, commotion, riots, epidemics, acts of God or if non delivery of possession is the result of any order, Rule, Notification of any court of Law or Government Agency and or any other public or Competent Authority or in the event of any revocation of permit by the Competent Authority of if the party of the First Part is unable to deliver the possession due to circumstances which make the performance of the contract is impossible. > if any delay then they will say Steel is non available etc.
The party of the First Part will not liable for any delay in Corporation, TNEB giving the connections in respect of Water drainage and Electricity in spite of the initiatives/followup actions taken by the party of the first part. . No Accountability - Always they say we approached but it got delayed
The possession of the flat will be handed over to the party of the second part only after ten days from the date of receiving last/final payment from the party of the second part against the party of the second part signing the concerned taking over letter WITHOUT IMPOSING any CONDITIONS. . Either Take Possession with Problem or Don’t take Possession. We are at the receiving end, so no other Choice?
The party of the First Part/Promoter shall provide the recreational facilities such as Health Club and Gymnasium at their own cost. The PROMOTER WILL ABSOLUTE OWNER of the same or under their SUPERVISION HAVING FULL CONTROL and AUTHORITY. The decision of the promoter shall be final and binding in maintaining such recreational facilities.
The purchaser shall automatically become member of all the recreational facilities provided in the building complex. The purchaser/Customer shall pay the maintenance charges and recurring EXPENSES for using such recreational facilities as may be fixed by the PROMOTER from TIME to TIME. - ADDITIONAL INCOME FOR JAINS - REGULAR EXPENSES FOR CUSTOMER.
As per the CMDA Rules and Law Promoter should not hold anything inside the premises 10. The party of the First Part can use the Terrace Area in the Building Complex only to erect holdings, publicity boards and display advertisement for their own purpose in such area without any claim from the Purchaser, or their Association who hereby consents and has no objection from the same. - As per the CMDA Rules and Law Promoter should not hold any rights on the Terrace.