Below are the general terms and conditions for allotment of the residential independent floor in the project "LID NIVASA", situated in the affordable residential plotted colony "Green Valley 2" at Sector-6, Sohna, Gurugram, Haryana, under Deen Dayal Jan Awas Yojna – 2016 of the Government of Haryana.
Nature of Booking
- This application is for booking of a residential Independent Floor in the project "LID NIVASA" being developed by Lion Infradevelopers LLP over an area of 4942.50 sq. mtrs. (1.2213 acres).
- This booking does not convey any right, title or interest unless and until the conveyance/sale deed is executed.
- Booking shall be confirmed only after execution of the Allotment Letter and registered Agreement for Sale/BBA.
Project Land Title, Licences and Location
- The Applicant has applied with full knowledge of applicable laws, rules and permissions issued by competent authorities.
- The Allottee of the 4th Floor shall have exclusive rights over the demarcated terrace portion, subject to applicable laws.
- The Applicant has inspected the site and has not relied on any advertisement, brochure or representation.
Applicable Laws
- The project is governed under Deen Dayal Jan Awas Yojna – 2016 and Real Estate (Regulation and Development) Act, 2016.
- All permissions, sanctions, notifications issued by DTCP/RERA shall apply.
- Non-resident Applicants shall comply with FEMA and RBI guidelines.
Allotment
- Allotment Letter/Agreement for Sale shall be issued only after realization of applicable payments.
- Each allottee is entitled to one stilt car parking space.
- Terrace rights of the 4th floor shall be indivisible from the unit.
Changes in Drawings / Designs
- Carpet area is tentative and may change as per approved building plans.
- Any increase beyond 5% shall be payable as per payment plan.
- Any reduction shall be refunded within 90 days after audit.
Consideration, Taxes and Payment of Dues
- Total price is escalation-free except statutory charges imposed by authorities.
- Payments shall be made strictly as per the payment plan annexed.
- GST and applicable taxes shall be payable as per prevailing laws.
Loans
- The Developer may create charge on land for raising loans.
- Delay in loan processing shall not be treated as an excuse for non-payment.
Cancellation
- Default in payment for two consecutive demands may lead to cancellation.
- Refund shall be made after forfeiture of Earnest Money as per rules.
Registration & Other Charges
- Stamp duty, registration fees and other statutory charges shall be borne by the Applicant.
Possession
- Possession shall be offered on or before 30-09-2030, subject to force majeure.
- Possession notice shall be issued within three months of OC.
Maintenance
- Maintenance shall initially be managed by the Developer or appointed agency.
- Post handover, RWA/Association shall manage maintenance.
Force Majeure
- Includes natural calamities, pandemics, government orders, war, riots, shortages.
- In such events, timelines shall stand extended accordingly.
Events of Default
- Delay in possession or revocation of registration constitutes default by Developer.
- Non-payment of dues constitutes default by Applicant.
Communication and Change of Address
(a) The Applicant(s) shall get his / her / their complete address registered with The LLP Firm/Developer at the time of booking and it shall be his / her / their responsibility to inform The LLP Firm/Developer in writing by registered AD letter for any change in their correspondence or permanent address. If the Applicant(s) fails to do so, all demand notices and letters posted at the first registered address shall be deemed to have been received by him at the time when those should ordinarily reach at such address and he shall be responsible for any default in making payment and other consequences that might occur therefrom.
(b) The Applicant(s) hereby undertakes to inform The LLP Firm/Developer of any change in his address or any other particular/information as given above, in writing, failing which the particulars available in the Application shall be deemed to be correct and all the letters or any kind of communication sent at the recorded address by The LLP Firm/Developer shall be deemed to have been received by the Applicant(s) and shall not be subject to any dispute of any nature. In case of any default in communication due to incorrect information, the Applicant(s) shall be liable to bear all the cost and expenses.
(c) In case of joint Applicants, The LLP Firm/Developer shall send all letters, notices and communications to the sole/first Applicant at his address given in the application form through registered/speed post or through courier. All such letters/notices and communications so sent to the sole/first Applicant shall be deemed to have been duly received by all Applicants within 5 days from the date of dispatch. The LLP Firm/Developer shall not be liable to send separate communication, letters and notices to the Co-Applicant(s), if any.
Dispute Resolution
All or any disputes arising out of or touching upon or in relation to the terms and conditions of this Application / Agreement including the interpretation and validity of the terms and conditions thereof and the respective rights and obligations of the parties shall be resolved through conciliatory process.
The LLP Firm/Developer's representative shall resolve the dispute in an amicable manner by mutual discussion between the parties. The said process shall be mandatory. At least 30 (thirty) days period would be given for resolving the dispute between the parties.
In case the dispute is not resolved through conciliatory mode, the aggrieved party may opt for the appropriate legal remedy in accordance with law.
Company Identification & Tax Registration Details
Lion Infradevelopers LLP
AAFFL2924B
06AAFFL2924B1ZT
Jurisdiction
The Courts / Forum / Authority at Gurugram shall have exclusive jurisdiction to entertain the disputes arising out of or touching upon or in relation to the terms and conditions of this Application / Agreement including the interpretation and validity of the terms and conditions thereof and the respective rights and obligations of the parties hereto.
Exclusive Jurisdiction: Gurugram Courts / Forum / Authority