TERMS & CONDITIONS

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TERMS & CONDITIONS AND CANCELLATION POLICY

  1. Allotment / Booking is at the sole discretion of BREN Corporation Pvt Ltd.
  2. Allottee shall not re-negotiate / bargain with the agreed price once the Allotment is confirmed.
  3. Allotment will be confirmed only after the realization of the Booking Amount; the booking amount constitutes a 10% of the Agreement value of the Flat/Plot.
  4. Allottee on confirmation of Allotment shall within 30 days sign and execute Agreement of Sale as per the Format supplied by the Bren Corporation Pvt Ltd. and shall pay the outstanding amount / due amount as per the timeline / payment schedule mentioned therein
  5. On Cancellation of the Booking for any reason by the Allottee, BREN Corporation Pvt Ltd shall be entitled to deduct an amount mentioned in the table below with applicable GST, Cheque bounce charges, swiping charges if any and the balance amount (without interest) shall be refunded to the applicant within 45 days from the date of receipt of the letter.

    6. Sl No. If the letter requesting to cancel the booking is received Amount to be deducted
    1 Within 15 days from issuance of the allotment letter NIL
    2 Within 16 to 30 days from issuance of the allotment letter 1% of the Basic cost of the said unit
    3 Within 31 to 60 days from issuance of the allotment letter 1.5% of the Basic cost of the said unit
    4 After 61 days from issuance of the allotment letter 2% of the Basic cost of the said unit

  6. If the Allottee fails to sign and execute Agreement of Sale within 30 days as per the Format supplied by the BREN Corporation Pvt Ltd., a notice will be served to execute the Agreement as per the Allotment Letter. If not complied with, the allotment of the unit will be cancelled and an amount not exceeding 2% of the cost of the said unit will be forfeited. The balance, if there is any, shall be refunded without interest, within 45 days from the date of expiry of the notice period.
  7. If the Allottee is availing housing finance from any of the Financial Institutions / Banks / NBFCs, it is the sole responsibility of the Allottee to avail financials from such Banks / Financial institutions / NBFCs. However, the BREN Corporation Pvt Ltd. will provide such documentation as may be required. Failure to obtain loans from such Banks, shall not be a ground for withdrawal / Cancellation of Booking.
  8. In case any payments are delayed, the Allottee shall be liable to pay the interest as agreed under the Agreement of Sale and if the delay persists, the BREN Corporation Pvt Ltd. is entitled to terminate the Agreement / Booking.
  9. Allottee shall be liable and responsible to pay the GST and / or any other taxes / statutory payments that would be applicable on the transaction.
  10. Allottee shall also be liable and responsible to deduct TDS as required under IT Act on the amount payable to BREN Corporation Pvt Ltd and shall submit the proof of such deduction within 7 working days of such deduction.
  11. Allottee shall not be entitled to shift / cancel / transfer the Booking to any other persons without the written consent of BREN Corporation Pvt Ltd.
  12. AII payments needs to be made in favour of BREN CORPORATION Pvt Ltd by way of Demand Drafts / Cheques/ Wire Transfers.
  13. Allottee shall be liable and responsible to pay the Stamp Duty, Registration Charges as may be applicable on the Agreement of Sale and the Sale Deed.
  14. The Booking shall be subject to the exclusive Jurisdiction of Bangalore City.