Terms & Condition

1. Application: Interested buyer shall apply for allotment of apartment (s) in a prescribed application form of this company.

2. Allotment: On acceptance of an application & receipt of the booking money, the company will issue an allotment later in favor of the application along with the schedule-payment of the balance amount of the apartment price. Allotment is being made on first coming first basis.

3. Sale deed: On receipt of the 1 st down payment (i.e. Installment @30% of total amount against the apartment price) from the interested buyer, deed shall be signed between the parties to safe guard the mutual interest.

4. Payment: If any applicant is able to pay the total flat, the parties to safe guard the mutual interest to get a special discount on the total flat value. There is no provision for cash payment in favor of Falcon Builders Ltd. but either in cross cheque/ pay order by installments for balanced amount of the foreign exchange as per Bangladesh Bank's rate by TT or DD on the date of payment received. Falcon Builders Ltd. will issue a money receipt on the payment.

5. Installment: Payment of installments including the cost of car parking space and other charges must be made on due date. The total mutual agreed value of the apartment is to be paid by installment according the payment of the schedule.

6. Legal cost: Allotee shall bear the Registration cost, Stamp-duty fees, Tax, Vat and other miscellaneous expenses, which are likely to be incurred at the time of registration of the flat with the proportionate land. The allotee (s) shall be informed of such charge when these are due.

7. Service & utility cost: Utility connections fees & other charge including at the time registration for the DESA, WASA & TITAS GAS shall be borne by the allotee (s). Falcon Builders Ltd. shall pay those charges to the above authorities on behalf of the allotee (s) shall have to pay all those utilities proportionately on actual as this cost is not included in the flat-value at all.

8. Bank loan: Falcon Builders Ltd. may arrange financing facilities up to the extend of maximum 70% of the cost of his / her apartment, subject to the availability of loan fund from any financial institutions, if he / she wants. The arranged loan of the deserving allotee (s) which shall be repayable up to the period of next 15 years.

9. Time schedule: To complete the construction of apartments, it shall require up to 24 months as per project to project basis from the date of singing agreement with the allotee (s). the time schedule can be extended to reasonable time in the event of any reason, e.g. as for the act of God, the change in fiscal-state-policy, which are beyond the control of Falcon House ltd, and if this apartment Project becomes an abandoned property.

10. Change in specifications: Limited indispensable or inevitable changes in the drawing, Layout, Design etc. Of apt. Construction may be done by the Developer in the over all mutual interest and allotee (s) should never object to it. The allotee (s) is also entitled to do some internal minor changes of his apartment.

11. Possession: The allotee (s) shall have to clear up the payment of entire apartment price, other charges and dues pertaining to his /her apartment & transfer of his/her shares of land, i.e. The ownership including legal & miscellaneous cost for the registration at actual.

12. Management: The residents shall raise a common service system or to form a registered co-operative society for managing their general affairs in their common interest.