Payment Terms:-
Plan – I
- Cheque / Demand Draft shall be made in favour of Phenomenal Projects (P) Limited payable at Patna
- Booking – 10% of the total amount
- Agreement – 40% of the total amount-within 30 days
(Agreement between Company & Member on Rs. 1000 Revenue Stamp Paper)
- Registry – 50% of the total amount – within the scheduled period given in writing in due course
(Registry on actual possession of the Plot with demarcation by four pillars)
Plan – II
- Agreement – 25% (10% – Booking and 15%- 1st Month) of the total amount
- Thirty-Six post dated Cheques of 60% Payment.
- Registry – 15% at the time of registry.
Refunds & Cancellation :-
- Booking is non refundable/transferable/adjustable (except in case of default viz; fault in paper,possession from Company’s part
- 20% of the total amount paid shall be deducted in case of cancellation at any stage other than booking
- 15% of the total amount shall be charged as development charges on completion of the Govt. proposed road and canal
(Development includes proper sewage system and PCC/RCC Road)
- Interest shall be charged @ 2% per month in case of failure of payment on scheduled time
- Rs. 500/- shall be charged on non-clearance of PDC due to any reason thereof.
- 2% of total amount shall be imposed in case of three consecutive failures/ non-clearance of PDC.
- All disputes shall be settled within Patna jurisdiction only