• Application:

    All interested buyers will need to apply for allotment on a prescribed application form (supplied by the company) duly signed by the applicant along with booking money ET down payment. Allotment will be made on first come first served basis. Buyers wishing to make one-time payment in full shall be given a special discount on the price of the space. Allotment of space is made and confirmed only upon receipt of the booking money Fr down payment. The company reserves the right to accept or reject an application without assigning any reason thereof.

  • Payment:

    The purchaser will make the payment as per payment schedule. All payment should be made by account payee cheque or bank draft or pay order or cash in favour of MAH Properties Ltd. (MPL). Payments from overseas in US Dollars will be calculated at the prevailing official conversion rate to Bangladeshi taka on the date of payment.

  • Signing of Deed of Agreement:

    After confirmation of allotment the buyer has to sign the deed of agreement within 30 (thirty) days from the date of making the payment of booking money ET down payment.

  • Delay in Payment:

    The schedule agreed in the agreement for allotment all payments by the allottee shall be the essence of the contract. If a payment is delayed beyond 30 (thirty) days, the developer may exercise its right to cancel the allotment. In the event of cancellation, an amount of Tk. 4,00,000/= (Four lacs only) will be deducted from the allottees deposited amount for incidental charges. In the event of cancellation of allotment, the allottee’s deposited amount (after deduction) will be refunded by installments after selling of the same apartment to a new buyer.

  • Possession:

    The possessions of the apartment will be handed over to the purchaser after completion of the apartment and payment of all other charges. Until and unless the dues are paid, possessions of the apartment will be held by the company.

  • MPL’s Right:

    The company reserves the right to make changes in both architectural and structural design of the project. Limited changes can be made in specifications for overall interest.

  • Allotment Transfer:

    Until making the full payment, installments and other charges, the buyer shall not have the right to transfer the allotment to third party other than the buyer’s wife / husband or children without written approval of the company before or after handover.

  • Transfer it Registration Cost:

    The company will register a deed of sale in favour of the buyer after receiving the price in full. The buyer shall bear all costs relating to stamp duty and all taxes (such as transfer fee, stamp duty, gain TAX registration fee etc.], for registration of deed of sale on valuation of the space with proportionate share of land, or if any legal costs VAT or any other taxes imposed by the government in connection with transfer of the space.

  • Incidental Cost:

    Connection charges / expenses relating to gas, water, sewerage and electric connection etc. are not included with the price of apartments. The purchaser will also make these payments.

  • Force Measures:

    In the event of natural calamities, civil war, strike, war or any act of God, mob, violence, embargo etc. and for other reasons beyond the control of the company, the company shall not be held liable for any results, delay or abandoning the project.