1. Authorization and Binding Agreement Any individual signing this form on behalf of the purchaser(s)/entity must provide appropriate documentation such as Authorization, Power of Attorney, or Board Resolution. Once signed, these terms are binding and cannot be revoked.

2. Property Allotment If the Developer cannot allocate the chosen flat, an alternative property may be considered or the deposited amount will be refunded without interest. No compensation will be provided for such changes.

3. Legal Compliance The prospective allottee(s) is responsible for adhering to all relevant laws and regulations pertaining to property purchase in India.

4. Parking Details

• 2 BHK & 2.5 BHK units receive 1 parking spot; 3BHK units receive 2.
• Parking spots in basements are subject to availability during allotment. Applicable charges apply.

5. Payment and Cancellation

• If 10% of the total sale price isn’t paid within 30 days of booking, the Developer can cancel the booking, imposing a 5% cancellation fee.
• If a booking is canceled by the Purchaser(s), a 5% fee applies. Refunds are processed upon project completion or when an alternative buyer is found. The refund method agreed upon (Cheque or RTGS) concludes the cancellation process.

6. Payment Timelines and Penalties

• Payments should align with the attached Payment Schedule. Delays beyond 15 days incur a 13% P.A interest. If delays exceed 3 months, the Developer can cancel the booking and offer it to another party. Refunds, after deductions, are processed once a new buyer is found.
• If a Sale Agreement isn’t finalized within 30 days of booking, the Developer can cancel and offer the booking to another party. Refunds, after deductions, are processed accordingly.

7. Resale and Transfer Restrictions Until the sale deed is executed, the Purchaser(s) cannot resell, transfer, or modify the booking.

8. Payment Methods Payments should be made via Cheque, Demand Draft, or RTGS to “My Home Infrastructures Private Limited – My Home Tridasa”. Cheque returns incur a Rs.500 fee. Legal actions may be taken for overdue payments.

9. Developer’s Rights The Developer retains the right to the property until all payments and legal formalities are settled.

10. Maintenance and Other Charges

• A one-time Rs.50/- Per Sq.ft. fee is charged for long-term maintenance. This is transferred to the Association after one year.
• A Rs.36/- Per Sq.ft. fee covers the first year’s regular maintenance. The Developer or a nominated agency manages the project initially.

11. Statutory Charges All government charges, GST, and other levies are the Purchaser(s) responsibility.

12. NRI/PIO and Foreign Nationals Such Purchaser(s) must adhere to the Foreign Exchange Management Act 1999 and related regulations. Payments should come from their NRI account. If using NRE or NRO accounts, PAN Card details are required.

13. Address Registration Purchaser(s) must register their address with the Developer and notify any changes. All communications are deemed received if sent to the registered address.

14. Site Visits and Modifications Visiting a construction site is unsafe. No modifications to the flat are allowed. Interior work should be completed within 3 months of possession, between 8.00 A.M. to 7.00 P.M.

15. Facility Charges Charges apply for amenities like the Club, pool, gym, etc., as determined by the Developer.

16. Developer’s Financing The Developer may secure loans or finance by mortgaging the project. A No Objection Certificate will be provided during the Sale Deed execution.

17. Superseding Clauses Terms in this form are overridden by the Agreement of Sale/Sale Deed if contradictions arise.

18. Jurisdiction Any disputes fall under the jurisdiction of the Ranga Reddy District courts.