| Subvention Scheme Payment Plan (G + 13 Floor) (3 Years) |
| At the Time of Booking |
15% of (BSP, EDC/IDC, PLC, IFMS, Car Park, Club Charges) |
Customer's Contribution |
| Within 45 Days of Booking / Starting of Basement Work |
20% of BSP |
Bank's Contribution |
| On Casting of 3rd Floor roof |
15% of BSP+42.5% EDC & IDC+ 42.5% PLC |
| On Casting of 8th Floor roof |
10% of BSP+42.5% EDC & IDC+42.5% PLC |
| On completion of Super Structure of the Booked Tower |
15% of BSP |
| On completion of Flooring |
15% of BSP |
| Near Possessison |
Regular EMI Starts |
| On Offer of Possession |
10% of BSP+85%IFMS+85%Car Parking+85%Club Charges +Stamp Duty+ Any Other Charges as applicable |
Customer's Contribution |
| Subvention Scheme Payment Plan (G + 21 Floor) (3 Years) |
| At the Time of Booking |
15% of (BSP, EDC/IDC, PLC, IFMS, Car Park, Club Charges) |
Customer's Contribution |
| Within 45 Days of Booking / Starting of Basement Work |
20% of BSP |
Bank's Contribution |
| On casting of 5th Floor roof |
15% of BSP+42.5% EDC & IDC+ 42.5% PLC |
| On casting of 15th Floor roof |
10% of BSP+42.5% EDC & IDC+42.5% PLC |
| On completion of Super Structure of the Booked Tower |
15% of BSP |
| On completion of Flooring |
15% of BSP |
| Near Possessison |
Regular EMI Starts |
| On Offer of Possession |
10% of BSP+85%IFMS+85%Car Parking+85%Club Charges +Stamp Duty+ Any Other Charges as applicable |
Customer's Contribution |
Note:-
- External Development Charges (EDC) and Infrastructure Development Charges (IDC) are pro-rated per Unit as applicable to this Group Housing Colony. In case of any revision, the same would be recovered on pro-rata basis from the Applicant/Allottee.
- Stamp Duty/Registration Charges shall be payable along with the last instalment based on the then prevailing rates.
- 1 car parking bay for 2, 3 and 4 bedroom unit is mandatory.
- Service tax and TDS as applicable for the time being in force shall be payable by customer as per demand.
- Prices subject to revision at the sole discretion of the Company.
- Timely payment of the instalment is the essence of this agreement. On failure to make the payment at the allotment stage i.e. at the time of payment of 30% of BSP, the company reserves its right to cancel the booking and refund the booking amount after forfeiting 25% of booking amount and making all other adjustments in this regard. If at the abovesaid allotment stage, the applicant(s) / buyer(s) seeks extension of time, which shall not be beyond 15 days, in any case, from the due date, he shall be charged an interest on such payment @ 18% per annum. If he still fails to make the said payment within said 15 days period, his allotment shall stood cancelled and after forfeiture of earnest money, the balance amount shall be refunded. Further, if the applicant(s) / buyer(s) fails to make the payment upto the due date of Agreement after the abovesaid allotment stage, such applicant(s) / buyer(s) shall pay the interest for first 90 days from such due date @ 18% per annum and all period exceeding said first 90 days, @ 24% per annum on the delayed payments. Company has the right to cancel the allotment/applications in lieu of delayed or irregular payments.
- Timely payment of the instalment is the essence of this agreement.
- Under Subvention Scheme, the interest upto 31st January, 2017 on bank finance, shall be borne by Microtek Infrastructures Pvt. Ltd. *The EMI (Principal + Interest) to be payable by the Applicant/Allottee shall commence from 1st February, 2017.
- Cheque/DD to be issued in favour of “M/s Microtek Infrastructures Pvt. Ltd. Escrow Account” payable at Gurgaon / New Delhi only.
- RCC Structure of Tower shall mean the construction of Tower Column, Brick Works including walls, laying of top Floor Roof only and does not include the services including Fire fighting, Plumbing, Electrical Works etc.
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