Interested client (s) will submit application in prescribed form supplied by the company duly signed by the
investor's along with Earnest money and other necessary documents. The company has the right to accept or reject any application without assigning any reason whatsoever. Investor willing to pay one time payment or a huge amount in one time will be given preference.
Allotment :
Allotment will be made on first-come first-served basis, Upon acceptance of application, Earnest Money, Flown payment and other necessary papers, MBL will issue an allotment letter in favor of the applicant. This will include the payment mode, which the investor should follow on receiving the allotment letter.
Investor's willing to make one time payment will be rewarded with substantial rebate. The investor is not entitled to transfer the
apartment to third party till the apartment handed over to them.
Payment :
All payments should be made by A/C payee cheque or Bank Draft or pay Order or cash in favor of "Mega Builders Ltd"
Investor's residing abroad may remit payments by TT or DD. MBL expects the investor strictly adhere to the payment schedule settled earlier. This must be mentioned here that timely completion of the project is entirely depended upon the timely payment of the
investor's. The investor is liable to pay a delay charge of 2 percent per month on the defaulted amount. If the payment is delayed beyond 2 (two) months, MBL has the right to cancel the allotment. In case of cancellation of allotment or surrender of apartment, due refund will be made after deducting the earnest money and realizing the refund amount from the new investor.
MBL's Right :
The Company has the right to accept or reject any application for allotment. lt also reserves the right to make changes in both Architectural and Structural design of the project if necessary. Limited change can be made in specifications for overall interest of the project.
Project Hand Over :
The position of the apartment will
be handed over after 24 months from the construction of
project, except for reason beyond control of MBL viz force majeure, natural climates, political disturbances, strikes Acts of God etc. This hand over will only be made after receiving the installment in full.
Utility Connection :
Connection fee, security deposit for water, gas, electricity and incidental costs are not include in the apartment price. MBL makes this payment directly to the connected authorities and the investor shall reimburse the amount actual basis to MBL.
Transfer Cost :
All costs related to transfer of ownership like stamp duty, registration fee, VAT, Govt. Tax, documentation charges, incidental expenses will be born by the investor on actual basis.
Owner's Association :
The investor must undertake to become a member of the owners' Association, which will be formed by the owners of the apartments with the view to maintaining the general affairs of the complex for common interest. Each apartment owner must initially deposit Tk. 25,0001 to the reserve fund.