TERMS AND CONDITIONS

  1. The allotment system is based on ‘first come first serve’ basis and subject to the availability of the plot.
  2. Client needs to fill up company’s prescribed booking form and submit the same along with one copy of passport size photograph and booking money at the rate of Tk. 10,000/= (Ten thousand) only for each katha of land. One copy of photograph of the nominee has to be submitted also with the booking form.
  3. Prices of the Plots are shown in the respective Price List provided by the company. However, company reserves the right to change the Price List at its discretion, depending on circumstances.
  4. The company will conclude a Deed of Allotment with the Allottee on Tk 300 worth non-judicial stamp after payment of full price. In case of at-a-time payment system or after payment of 20% Down Payment in case of purchase on installment basis.
  5. All payments must be made through Cash/Cheque/Bank Draft/Pay Order in favour of “Fairdeal Properties Ltd.”.
  6. Clients within the country can send their money through direct deposit in a bank. In that case, the payment has to be made in favor of ‘Fairdeal Properties Ltd. A/C. 50101000045, Bank Asia Ltd., Islamic Window Branch, Uttara, Dhaka Bangladesh’, mentioning the file number and plot information (if possible). The client has to send the deposit slip with file number to Fairdeal Properties Ltd.
  7. Clients from overseas can send their payment through money exchange or bank. In that case, the payment has to be made in favor of ‘Fairdeal Properties Ltd. A/C. No. 20502070100401102, Islami Bank Bangladesh Ltd., Uttara Branch, Dhaka, Bangladesh, mentioning the file number and plot information (if possible). The client has to send the deposit slip with file number or e-mail: tayub2008@gmail.com
  8. In case of installment, 20% of the total price shall be payable within a month as down payment. The balance amount has to be paid in 51/63/69/75/87/99/105/111/117 or 132 installments as per the contract with the company.
  9. Infrastructure development charge, connection fees, security deposits and other incidental expenses relating to gas, water, sewerage, electrical connection, T&T connection etc. are not included in the price of the Plot. The price at actual, has to be paid proportionately by each client when it is required. The company shall assist as far as possible to make coordination with the service provider agencies.
  10. Roads within the project will be handed over to city corporation/pouroshova/concern authority for further intensive monitoring and maintenance.
  11. The possession of the plot will be handed over to the purchaser after completion of installments and other charges. Until and unless the dues are clear, registration of the plot will not be provided to the client.
  12. The client(s) shall pay stamp duties, registration fees, gain tax, VAT, documentation charges and any other expenses likely to be incurred in connection with the Allotment, Agreement, Registration or Transfer fees etc.
  13. If any client decides not to continue with the plot after paying the booking money or cancel the allotment, he/she has to apply in writting to the company. The amount paid by the client shall be refunded by cross cheque after deducting 10% as documentation/service charge within three (3) months from the date of application.
  14. After the completion of allotment, society shall be constituted namely `Purbachal NRB Homes’ and every plot owner shall be the member of this society.
  15. Allotted plot must be used for the purpose as stated in the Deed of Allotment and the development works on the Plot must be done as per the Govt. rules & regulations.
  16. If there is an incident of increase/decrease of Plot after final measurement, the price of the concerned Plot will be adjusted at the time of registration.
  17. In case of any delay to handover plot due to any unavoidable circumstances like natural disaster or political turmoil, the client shall have to consider the situation for the betterment of the project.
  18. The client will undertake to pay delay charges at the rate of 10% (Ten percent) on the amount of payment delayed. If the payment is delayed for 60 days, the company shall have the right to cancel the allotment according to the existing rules of the company.
  19. If there is any change/addition/deduction of name(s), the client has to pay as per company rule. In case of installment system the client has to clear/pay his/her full balance amount.
  20. If any cheque is dishonored due to insufficient fund, the client shall have to pay Tk 1,000 (one thousand) as fine.