Allotment:
Upon receipt of application with down payment, Royal homes ltd. shall issue a Primary Allotment Letter and Payment Schedule for the balance amount in consultation with the applicant. Allotment is made generally on ‘First come, first serve’ basis according to choice of the applicant and availability of the plot/s. preference, however, may be given to buyers paying the full amount upon allotment. The buyer shall be required to execute an agreement with Royal Homes Ltd. before obtaining the allotment.

Allotment Transfer:
Until full payment is made and possession obtained, the buyer shall not transfer and/or sell the allotted plot/s to a third party.If the applicant decides to Transfer the allotment to a third party, the allottee shall pay 1% of the Total Value of plot in favour of Royal Homes Ltd.

Schedule of Payment:
The buyer must strictly adhere to the dates of payment schedule to ensure timely completion of the project development work. Delay in payments in case conceives 3 months beyond the due date will make the allottee liable to pay penalty/late fee at rate of 5% per month on the amount of payment delayed.

Cancellation of Allotment:
In case of surrender/cancellation of the allotment by the buyer or non-payment of installment beyond six months, Royal Homes Ltd. shall have the right to cancel the allotment. In such event, the amount paid to Company shall be refunded after 90 days by 3 installments, upon deduction of 10% of the total payment made by the buyer as cancellation charge, 10% of the payment received as service charge and gift value will deduct if any customer cancel the plot before 36^th installment.10% cancellation charge, 05% service charge and gift value will deduct if any customer cancel the plot after 36^th installment. No charge is applicable if the Allottee agrees to get refund the deposited amount after a period of 2 years with effect from the date of cancellation.

Documentation Charges and Government Charges:
Connection fees, security deposits and incidental expenses/charges relating to gas, water, sewerage and power connections are not included in the price of the plot/s. Royal Homes Ltd. shall make these payments directly to the concerned authorities and the buyers shall pay the amount on actual basis to Royal Homes Ltd. upon demand.

Company’s Right:
Royal Homes Ltd. may effect changes in the layout design and/ or layout of the project if necessity so calls for, from technical point of view.

Completion of the project:
In the completion period of the project is affected by unavoidable circumstances beyond the control of Royal Homes Ltd., like war natural calamity, political disturbance, civil commotion, non-availability of materials, non payment of installments on time by the buyer and changes in the fiscal policy of the government etc. and any other force majeure, then the buyer shall not be entitled to claim any kind of compensation from Royal Homes Ltd. Royal Homes Ltd. shall not be responsible for delay or non-availability of any utility supply like electricity, gas, water etc.

Refund:
For reasons beyond the control of Royal Homes Ltd. as mentioned in above Clauses, if Royal Homes Ltd. is compelled to abandon the project, all payments shall be refunded to the buyer upon mutual discussion and consent between both the parties. In such situations the buyer will not be entitled to claim any kind of compensation or interest on the money paid.

Hand Over:
The possession of plot/s shall be handed over to the buyer on completion of project development work and on full payment of plot/s and other related charges. Handover of the possession of the plot/s shall neither be made before receipt of full payment nor before the completion of project development work.

Documentation VAT and other Charges:
The allottee(s) will pay stamp duties, VAT, registration fee, gain tax, share transfer fee, documentation charges and other miscellaneous expenses likely to be incurred in connection with the deed of agreement, allotment, registration and transfer etc. only the actual amount shall be charged.