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Process of Payment |
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Application & Booking Money | : | 10% + GST |
Within 30 days from the date of execution of sale agreement | : | 10% + GST |
On Commencement of foundation work | : | 06% + GST |
On Completion of 1st Floor Slab | : | 06% + GST |
On Casting of 5th Floor Slab | : | 06% + GST |
On Casting of 9th Floor Slab | : | 06% + GST |
On Casting of 11th Floor Slab | : | 06% + GST |
On Casting of 15th Floor Slab | : | 06% + GST |
On Casting of 19th Floor Slab | : | 06% + GST |
On Commencement of Brick Work of Particular Unit of Allottee | : | 06% + GST |
On Commencement of flooring of Particular Floor Unit of Allottee | : | 06% + GST |
On commencement of Electric work (wiring) of the Particular Unit of Allottee | : | 06% + GST |
On Getting Completion Certificate from Architect | : | 20% + GST |
Extra Charges |
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Deposits |
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Nomination Charges | : | 2% on STC value |
Cancellation charges | : | Before Agreement – Cancellation fee @ 10% of total consideration amount |
After Agreement – cancellation fee @ 10 % of total consideration amount paid or Rs. 100/ sq.ft, whichever is higher. |
Note |
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Bank Approval | : | |
Cheque to be in favor of | : | Bengal Merlin Housing Ltd |
Lock in Period | : | 18 months from the date of agreement |