Terms & Condition

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