The plots will be offered to buyers on the first come first served basis.
The Speedland Real Estate Pvt. Ltd. shall offer plots of various sizes in the project, for sale.
All Indian citizens and Non-resident Indian living abroad are eligible to apply for booking plot(s).
All applications for booking shall be submitted on the prescribed form / online duly filled in and signed by the applicant along with cash / online payment/demand draft drawn in the name of Speedland Real Estate Pvt. Ltd.
At the time of booking plot(s) the purchaser(s) has to pay a minimum amount of Rs. 10,000/- (adjustable with the down payment amount) and within next 15 days he / she has to pay the total down payment amount. The company reserves the right to cancel the plot(s) if no payment is made during this period. 6. All the buyer(s) should pay according to payment Schedule. For payment delayed three consecutive months or non-payment an interest will charged at the prevailing bank rates. For more than three months non-payment, plot will be considered as cancelled.
In case of payment cheque dishonor customers are liable to pay extra Rs. 500/- as compensation to the company.
In case of cancellation of the booking / allotment of the plot, the amount shall be refunded after deduction of 30% of the total deposited money as service charhes and will be done through account payee cheque.
Change of plot can be done subject to availability of plot(s). If any change of plot is made after an agreement of sale, than Rs. 10.00/- sq.ft. will be charged.
Speedland Real Estate Pvt. Ltd. contemplates to give possession of plot of the buyer(s) within targeted period of 24 months. However, Speedland cannot be held responsible for slippage of the time, due of Force Majeure and other situations beyond its control. Force majeure and such other situations, inter alia, inlcude delay on the part of authorities in providing encumbrance free worksite and vehicle worthy access road,; availability or delayed availability of construction water and power from the concerned authority, non availability or irregular availability of construction materials, non availability of water supply of seweage disposal connection or electric power from concerned authorities, slow down or strike by irregular or non-availability of skilled or unskilled labour; delay in providing other essential service / or such other reasosn beyond the control of Speed Land. For delay other than these, company will repay the customer at the prevailing bank rates.
5% will be charged as penalty for non payment of two months on total due amount.
The plot shall be executed and registered in favour of the buyers subject to clearance of the entire consideration along with all other dues, charges and deposits, etc. receivable by SPEED LAND REAL ESTATE PVT. LTD. The Deed of Conveyance will be drafted by Speedland Real Estate Pvt. Ltd. in such form and containing such particulars as may be required. Each purchaser(s) will be required to pay extra for documentation and administrative charges to company and for preparing the Deed of Conveyance. 13. The company reserves the rights to addition and alteration in the layout of the plan of the project without changing the existing plots for the benefit of the project and the purchaser(s) will / shall have no objection in this regard at any stage.
The purchasers will / shall have to sign documents if necessary in connection with the development of drainage, electric, water supply etc.
In case of death of the intending purchaser(s), the heirs, and legal representatives of such deceased shall be allotted in such plot(s), after verification of documents presented to the Company in relation to the deceased purchasers.
The purchasers as well as company will / shall remain bound to abide by the rules, regulations terms and conditions of the company.
The company reserves the right to charge any terms and conditions during a business year without affecting the present terms and conditions.
If the client cancels his or her booking after paying the token money or up to 30% advance money, then we will issue a back date cheque for 15 days
If the client cancels his or her booking after paying the 30% or above advance money, then we will issue a back-date cheque for 90 days
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