Terms and Conditions

The prospective Allotee or Allotees were completely satisfied with the Promoter/Developers' (henceforth referred to as the Company) title and development rights in the Project land on which the Plot/Flat/Villa/Farm Land/Villa (henceforth referred to as the Unit) will be constructed/developed, and they understood important information and the Company's obligations regarding it.

The property owner/allottee hereby consents that the company will be the sole entity responsible for project and individual development. He or she is required to adhere to all laws, notifications, rules, and regulations that are relevant to the project's designated unit.

This Allotment Agreement Form is a component of the legal documents that can be presented to the Competent Legal Authority and is comparable to the Sale Agreement of the assigned unit.

The technical specifications and dimensions listed in the literature and accompanying brochure are estimates that could change at any time.

The membership money can be used to acquire a unit in any other project within three months of signing this agreement, but it cannot be refunded.

When you voluntarily send us electronic mail / fillup the form, we will keep a record of this information so that we can respond to you. We only collect information from you when you register on our site or fill out a form. Also, when filling out a form on our site, you may be asked to enter your: name, e-mail address or phone number. You may, however, visit our site anonymously. In case you have submitted your personal information and contact details, we reserve the rights to Call, SMS, Email or WhatsApp aboutour products and offers, even if your number has DND activated on it.

A property for the corresponding paid amount will be assigned within available projects, and the allottee or allotees may exchange allotments within seven days of completing the second payment (excluding the membership fee).

The allottee must pay 10% of the unit cost in loss or damages right away if they do not follow the payment schedule; else, we will be forced to take the necessary legal action against them.

Allotment and cancellation strictly follow the payment schedules, and the allocation will be made on a first come, first served basis. Promotional offers and discounts will be canceled or revoked, and 2% penal charges will be applied if the allottee or allottees fail to pay on time or in accordance with the agreed-upon payment schedule. The cost or value of any gifts or items given to the allottee or recipients will be subtracted.

Please make sure that customers who are pursuing loan facilities from banks or other financial institutions follow their payment schedules. Failure to do so may result in changes or cancellations to your product allocation, as well as the cancellation of any promotional offers or discounts.

According to our company's policy, 10% of the entire unit cost would be lost as liquidated damages if a cancellation is made.

Only when the units or properties have been registered will actual property maintenance or development charges be communicated and paid on the day of registration. On a half-yearly or annual basis, periodic mandatory maintenance fees must be paid in advance.

The owner in question is responsible for covering all expenses and damages caused by the community if mandatory maintenance charges are not paid on time. Damage to the environment and natural resources could result from such a default.

The developer or company that plans to plant trees on the allottee's property is well aware of and understands this, and it is evident that the owner has chosen that any return from the plant or tree harvest will be sold to the developer at a marginal cost.

Any new or additional taxes, such as GST, cess, or other taxes and charges, that the government or statutory authorities request for the allotted unit must be paid by the allottee or allottees.

The intended allottee or allottees are responsible for paying the stamp duty, registration fees, registration appointment fees, and other incidental costs related to the registration of the allotted unit, including any periodic revisions to the fees made by the Registering Authority.

The allottee or allottees shall consent to contact the promoter/developer's grievance cell in the event of any complaints or grievances. The complaint will be handled within 15 working days if it is sent in writing to the cell at info@bsquareassest.com and
mobile number +91 90430 72345.

Any disagreement pertaining to the aforementioned contract will be brought before the arbitrator. The company or promoter appoints the arbitrator, and any legal action seeking to be taken in any court as a result of this arbitration must be filed and heard in Chennai alone.