Terms & Conditions

 
 
 
   
Once allotted and agreement signed the prices are firm.
Payment can be on installment basis and bank loans can be arranged if required.
Possession shall be given to the customer on settling all the dues to the builder.
The allotment letter will be issued upon booking and agreement will have to be executed within 15 days from the date of allotment letter.
There will be two separate agreements. One for the sale of undivided share of land and another for the construction of apartment. However, the total sum of two agreements will not exceed the overall value quoted in the price list.
Cost of stamp paper, registration Charges, legal and miscellaneous expenses in connection with the registration of undivided share are to be borne by the purchaser.
Statutory deposits, Building tax, Sales tax, share of KSEB/KWA cabling, maintenance deposit, cost of transformer and for extra work If any to be paid by the purchaser.
Completion and delivery dates are indicated to give an idea of the probable completion of the project. Every effort will be made to complete and handover the project within the stipulated time. The firm is not responsible for any delay in water / electrical connections due to the delay with concerned departments and for any delay in completing the project due to unforeseen circumstances and to obtain the services from the statutory bodies due to reasons beyond the control of the builder.
All transactions are subject to Ernakulam jurisdiction only.
Sanctioned building plan, title deeds and agreement pertaining to land are available for reference.
All payment should be by crossed Demand draft / local cheques, payable at Perumbavoor in favour of M/s Leela Homes.
Overseas buyers should make their payments through normal banking channels, amount payable at Ernakulam.
Monthly maintenance expenses are to be shared among the owners as decided by the Owners Association, which include expenses for maintenance of common areas, common facilities provided, machineries or equipments provided for common use and common lighting.
The maintenance will be carried out by the builder till the formation of the owners association, which will take over the maintenance. Maintenance charges are payable monthly by owners. Membership in the association is compulsory and not optional. Maintenance deposit is collected from all owners by the builder and after meeting the expenses, the balance will be transferred to the Owners Association.
This is a time bound project. In case payments are not made as per agreement signed, the builder reserves the right to cancel the allotment, in which case the amount remitted will be returned only after re-allotment to another party and without any interest and subject to deduction of expenses and damages.
For delayed payments interest will be charged at prevailing Bank charges.
The Brochure is for information only and it does not constitute a legal offer.
   
 
SCHEDULE OF PAYMENT
  Booking advance along with application : Rs 1,00,000.00
  On executing agreement : 30% of the total cost
  Balance in equal bi-monthly installments
   
 
 
 
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