Tea Green Eco Homes & Hospitality Pvt. Ltd.
1. Who can apply?
A. An individual, i.e. a person of the age of majority or a minor through legal or natural guardian, whether an Indian citizen or a foreign citizen of Indian origin*, resident in India or abroad (in case of minor, age proof and name of natural guardian is required).
Joint application by upto two persons only is permitted. Applicants should be members of same family, which includes spouse, parents and children.
(*Foreign citizen shall be deemed to be of Indian origin if he/she held an Indian passport at any time or he/she or his/her father grandfather was an Indian citizen by virtue of the Constitution of India or Indian Citizenship Act 1955.Citizens of Pakistan, Bangladesh ,Afghanistan ,Bhutan, Nepal and Sri Lanka shall be deemed to be not of Indian origin.)
B. Other Entity (ies),is a Body Corporate incorporate in India or Partnership firm or HUF or any other Association of Persons (AOP) recognized as a legal entity under any law in India (copy of Certificate of Incorporation or copy of Registration Certificate required).
C. The applicants qualifying for allotment may be required to furnish such documentary evidence as deemed appropriate, to satisfy TEA GREEN ECO HOMES AND HOSPITALITY PVT. LTD (herein after referred to as TEA GREEN ECO HOMES) of the applicants’ ability to arrange and/or pay for the price of the said cottage. This however will be required only at the time of allotment.
D. TEA GREEN ECO HOMES, however at its discretion can relax any of the condition as mentioned herein above without assigning any reason.
2. Application Procedure
A person intending to acquire an a cottage will have to apply in the prescribed application form contained in the brochure. It is important that care is taken to go through and understand the terms and conditions, before filling in the Application Form.
3. Allotment Process
TEA GREEN ECO HOMES is committed to a fair, transparent and equitable method for allotment of the of the cottages by way of a lottery system.
4. Scrutiny, Rejection and Refunds
Application remaining incomplete or deficient in any respect and/or not accompanied by the relevant/required remittance will be liable to be rejected even if so detected during detailed scrutiny.
Applications containing information known to the applicant to be false are liable to be summarily rejected and booking cancelled (even if allotment has been made), whenever so detected .However upon such cancellation ,the installment paid till the date, will be refunded after deduction of applicable service charges 5% of the sale value of the total cottages.
If the application money has been paid out of Non-Resident Ordinary (NRO) Account of the applicant, refund of the application money without interest will be made only to that account .If the application money has been paid by the applicant out of Non-Resident External (NRE) Account of the applicant, the refund will be made only to the NRE Account, provided Banker’s certificate for payment of application money out of the said NRE account is furnished.
5. Withdrawal of Application/Cancellation of Booking
A. Before Allotment
Applicants may withdraw application anytime before allotment but the application money is NON REFUNDABLE
B. After Allotment
Applicants are free to withdraw their applications and cancel their booking at any time even after issue of allotment letter but before the possession of cottages/ is made over. Total deposit or installments paid by the allottee will be refunded without any interest and after deduction of a service charges of 5% of the total sale price of the cottages . All such refunds to Non-Resident Indians (NRI)/foreign citizens of Indian origin shall however be made in Indian rupees.
6. Price
A. Under Down Payment Plan
Price indicated in the Payment Schedule under Down Payment Plan is firm and non-escalable. This Plan requires 100% payment of the price within 7 days of the allotment.
B. Under Installment Payment Plan
Under this plan ,the price indicated in the Payment Schedule under installment Payment Plan is firm and non-escalable .This Plan requires payment of allotment money and respective installments as indicated in the said Schedule.
C. Escalation
The prices indicated in the Payment Schedule under both Payment Plan types are firm. No Escalation to be charged during the period of construction.
7. Delay in Payment of Installments and/or Other Dues
It shall be incumbent on the allottee(s) to comply with the terms of payment in respect of the cottages and/or any other payments under GENERAL TERMS & CONDITIONS.
Payment of allotment money is required to be made within 3 days for Installment & 7 days for Downpayment of the date of allotment. No extension of time will be allowed for payment of allotment money.
Payment of installments and all other dues shall have to be made within 21 (twenty one) days from the date of issue of the letter to the allottee(s) for the outstanding amounts. In case payment is delayed the allottee(s) shall have to pay interest on the amount due @ 18% per annum for upto two month of delay from the respective due dates.
Delay in payment of installments and all other dues beyond 2 (two) months from the respective due dates shall not be condoned. In case of such delay the allotment may stand cancelled and TEA GREEN ECO HOMES shall deduct service charge of 5% of the total sale price of the cottages. In case of such cancellation, the allottees shall have no right and/or lieu on the cottage. Total deposit or installments paid by the allottee will be refunded without any interest and after deduction of the said service charge.
ALL PAYMENTS ARE TO BE MADE IN THE NAME OF TEA GREEN ECO HOMES AND HOSPITALITY PVT. LTD
8 . Reserved quota in cottages
15% of the total units are reserved, which will be disposed off at the sole discretion of TEA GREEN ECO HOMES.
9. Possession
TEA GREEN ECO HOMES shall endeavour to give possession of the cottages in phases. The first phase would be given possession within 18(Eighteen) months from March 2016. The next phases would be delivered subsequently. However, if TEA GREEN ECO HOMES fails to deliver (except due to force majeure) within the said months from the above date, the allottee will be paid compensation subject to Force Majeure clauses.
Force majeure shall, inter-alia, include non-availability or irregular availability of essential inputs, strike by contractor/construction agencies employed/to be employed, litigation, acts of God or such other reasons beyond the control of TEA GREEN ECO HOMES.
10. Compensation for Delay in Possession
A.If TEA GREEN ECO HOMES fails to deliver possession of the cottages to the allottees within the stipulated time (subject to force majeure as stated herein above), then it shall pay compensation to the allottee for each cottages/ effective from the scheduled date of completion as per the following schedule, till the actual handing over of the cottages.
Group Rs per month
Individual cottages : Rs.3,000
B. The allottee(s) shall be deemed to have taken possession of their respective cottages on the 15th (fifteenth) day of service of notice calling upon the allottees to take possession and such fifteenth day shall be deemed to be the date of possession, irrespective of the date when the allottee takes physical possession of their respective cottages. The allottee(s) shall be required to take possession of their respective cottages / on or before the deemed date of possession after fulfilling all the terms and conditions failing which the allottee(s) shall be liable to pay guarding charges @ Rs 2,000 pm for the period between the deemed date of possession of the cottages and the date of taking over physical possession of the cottages by the allottee(s) , over and above any other charges which may be payable.
11. Transfer of cottages
The allottee(s) opting for payment under Instalment Payment Plan shall not be normally eligible to alienate and/or transfer their interests in the allotted cottages in full or in part until full payment of all installments and interests thereon, if any, is made to TEA GREEN ECO HOMES except in deserving cases, solely at the discretion of TEA GREEN ECO HOMES. However, transfer/alienation would be permitted in case full payment has been made by the allottee.
12. Transfer Fee
No transfer or alienation of interest shall be permitted and recognized by TEA GREEN ECO HOMES for conveyance except upon payment of a transfer fee @ 3% of the consideration to be received by the allottee for such transfer or the total sale price of the cottages/ as charged by TEA GREEN ECO HOMES, whichever is higher.
Transfers made after TEA GREEN ECO HOMES has conveyed the cottages in favour of the allottee shall not be governed by these provisions.
13. Registration and Conveyance
The Transfer/Conveyance Deed of the cottages shall be executed and registered in favour of the allotee(s) after the cottages have been constructed, entire consideration together with all other dues and deposits, etc received, possession handed over to the allottee(s) and after handing over of the maintenance responsibility to an appropriate body to be formed for maintenance of the common areas and facilities, The Deed of Transfer will be drafted by solicitors/advocates of TEA GREEN ECO HOMES and shall be in such form and contain such particulars as may be approved TEA GREEN ECO HOMES. The allottee will be required to pay stamp duty, registration charges and other related charges, as may be levied by the Government from time to time, for registration of the Deed of Transfer of their respective cottages/. Each allottee will also be required to pay to TEA GREEN ECO HOMES documentation charges @ 1 % of total sale price of the cottages.
14. Ul haas (The Residents Club) - the recreation facility at Dooarsree.
TEA GREEN ECO HOMES proposes to set up an exclusive Resident's Club within the Complex as outlined in the brochure. The intended facilities of the Club as outlined in the brochure are tentative and may vary at the sole discretion of TEA GREEN ECO HOMES. .
Detailed terms and conditions of membership and rules and regulations governing use of club facilities will be formulated in due course and circulated to members before the club is made operational. All members will be required to abide by these rules and regulations.
As per normal practice of clubs in Kolkata, the facilities will be on a pay by use basis. The rate schedule etc., will be determined at the time of the opening of the club. All buyers would have to pay a Life Time Membership fee at the time of possession towards the club membership.
It is expected that the facilities at the club will be operational together with the completion of the project. The membership scheme is compulsory and shall create a right of use subject to payment of charges and observance of regulations. No right or lien of any nature whatsoever will be created or deemed to be created in favour of members, in respect of the assets of the club.
The membership scheme is for individuals only (i.e. no corporate membership). Facilities of the club can be availed by all residents of a cottages. Members may bring in guests on payment of guest fees as per club rules.
The above membership scheme is open only to allottees of Dooarsree.
In the event of sale/transfer of the bungalow by the original allottee to another person, the membership of the original allottee [or occupier in case of allottee being other than individual(s)] shall stand automatically terminated and the new owner/occupier of thecottages shall have the option to apply
afresh on the then prevailing terms and conditions and as per the rules and regulations for membership.
15.Extra charges
Additional expenses on account of formation of association, electricity connection, legal charges, generator charges and any additional facility would be charged extra as per actuals on a later date.
16.Common Areas and Facilities
A.Handing over
Associations will be created to take over the common areas and facilities of the respective towers and the maintenance and Management thereof and all allottees shall have to become members of such Association. Further bodies comprising all such associations will be created for carrying out compJex level maintenance, full details of which shall be formulated by TEA GREEN ECO HOMES in due course.
B. Interim Maintenance
TEA GREEN ECO HOMES will supervise the maintenance of the entire complex for the next five years after possession. Interim Maintenance covers the following areas:
a. Staff Salary.
b. maintenance of over all landscaping ,
c. maintenance of common areas and electricity,
d. maintenance of Childrens Park
e. provision of security and maintenance of watch tower & CCTV,
f. sweeper and cleaning charges of all common areas.
Maintenance Charges for 5 years to be deposited at the time of possession:
Individual Cottages: Rs. 91,920/
17. General
A. It is understood that the applicant has applied for allotment of a residential cottages with full knowledge and subject to all the laws/notifications and rules applicable to this area in general, and group housing project in particular, which have been understood by him/her. It is further understood that the applicant has fully satisfied himself/herself about the interest and the title of TEA GREEN ECO HOMES in the said land on which the cottages will be/are being constructed.
B. TEA GREEN ECO HOMES will not entertain any requests for modification in the internal layouts of the cottages and external facades.
C. The layout plans and building plans, specifications of the building(s)/complex and the cottages are tentative and are subject to variation. TEA GREEN ECO HOMES may effect such variations, additions, alterations, deletions and/or modifications therein as it may, at its sole discretion, deem appropriate and fit or as may be directed by any competent authority. No complain regarding design, layout and accommodation shall be entertained.
D. The expression allotment wherever used herein shall always mean provisional allotment and will remain so till such time a formal deed of transfer is executed and registered by TEA GREEN ECO HOMES in favour of the allottees for their respective cottages.
E.After the date of possession of the cottages the allottee shall be liable to pay TEA GREEN ECO HOMES on demand all rates, taxes, levies, deposits including security deposits or assessments pertaining to the cottages and common areas proportionately.
F. Complaints, if any, regarding specifications, fittings and fixtures, etc provided in the cottages will be required to be brought to the notice of TEA GREEN ECO HOMES within 15 days of taking over possession of the cottages - TEA GREEN ECO HOMES will not be responsible for any damage caused to the cottages on account of delay in taking over possession and in such event, at the allottees will nave to take possession of the cottages on 'as is where is' basis.
G. Water supply: Deep tubewell
H. Arrangement for Disposal of the Sanitary, Sewerage and Storm water:- Local Government Authority
I. Internal wiring for Electrification will be provided for each cottages. However, the allottee(s) will have to apply to WBSEB individually for obtaining supply of power and the meter for their respective. The allottee(s) shall be required to pay the applicable security deposit and/or other charges for the same to WBSEB.
J. The allottee(s) may be required to execute, if necessary, a formal agreement for sale in such form as may be prescribed by TEA GREEN ECO HOMES within 15 days of being required in writing to do so by TEA GREEN ECO HOMES. Under the existing laws the stamp duty at the applicable rate is leviable on such agreement for sale. Such stamp duty shall be payable wholly and exclusively by the allottee(s).
K. Application in the prescribed form as contained in the brochure is subject to the information and the terms and conditions stated herein and also in other parts of the brochure including all the documents/inserts, which are contained in and form part of the brochure.
L. The applicants must quote the application number as printed in the acknowledged Pay-in-Slip and/or on allotment, their cottages number as indicated in the allotment letter, in all future correspondence.
M. The applicant shall not be entitled to get the name of his/her nominee(s) substituted in his/her place.
N. All correspondence will be made with applicants at the address for correspondence on TEA GREEN ECO HOMES 's record initially indicated in the Application Form, unless changed. Any change of address will have to be notified in writing to TEA GREEN ECO HOMES at its Registered Office and acknowledgement obtained for such change. In case there are joint allottees, all communication shall be sent by TEA GREEN ECO HOMES to the allottee whose name appears first and which shall for all purposes be considered as served on both allottees.
O. The allottee of an cottages agrees to sign and execute all documents and agreement in the standard form as may be provided by TEA GREEN ECO HOMES.
P. Dispute(s), if any, shall be subject to the jurisdiction of courts of law at Kolkata only.
Q. TEA GREEN ECO HOMES, however may, at its sole discretion, relax any of the condition, relax any of the conditions. It also reserves the right to reject any application without assigning any reason whatsoever.
Disclaimer
TEA GREEN ECO HOMES and/or its affiliates, officers, directors, employees, agents, members servants shall not be liable for any direct, indirect, punitive, incidental or consequential loss, claim, demand or damage suffered by any person due to loss of documents, delay in postal services and any other eventualities beyond the control of TEA GREEN ECO HOMES and the applicant agrees to keep TEA GREEN ECO HOMES and/or its affiliates, officers, directors, employees, agents, members, servants, saved, harmless and indemnified with regard thereto.
The members of the Club shall in the intermittent period take steps for formation of a BODY for taking over responsibility of management of the Club. TEA GREEN ECO HOMES shall assist the club members for setting up the requisite BODY for management of the Club.
I accept the above Terms and Conditions.
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Signature of First / Sole Applicant
Signature of Joint Applicant
Dated:-
Place:-