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REfund Policy

Annexure B

ARNI Castle Athena

Min

Max

Size (sqft)

Agreement Value

Development Charges

Agreement Value

S.D (5%) +

Total

Size (sqft)

Agreement Value

Development Charges

Agreement Value

S.D (5%) +

Total

Rs

Rs

Rs

Registration (1%)

Rs

Rs

Rs

Rs

Registration (1%)

(Lakh Rs.)

Amorgos

829

3,23,310

41,450

3,64,760

21,900

3,86,660

1894

7,38,660

94,700

8,33,360

50,100

8,83,460

Mykonos

1636

7,19,840

81,800

8,01,640

48,100

8,49,740

2713

11,93,720

1,35,650

13,29,370

79,800

14,09,170

Andros

1830

8,96,700

91,500

9,88,200

59,300

10,47,500

3767

18,45,830

1,88,350

20,34,180

1,22,100

21,56,280

Fully Refundable Application Fees – Rs. 50,000/- (Amorgos) ,  Rs. 75,000/- (Mykonos), Rs. 1,00,000/- (Andros)  (Subjected to Annexure C)

Note: All statutory charges and taxes will be borne by Customer as per the rates applicable from time to time, Third party payments are not acceptable. Demand Drafts will have to be supported by a letter from the bank confirming that the same has been drawn from the applicant’s account. 

Common Area Maintenance charges @ Rs 4 Per Sq Ft per year for 1 year will be payable at possession  

An Applicant applying should state Inventory type and the count of Plots applied for. Any Application form not stating both inventory type and number of Plots is liable to be rejected as incomplete.

The Applicant shall be liable to pay on demand, amounts towards all government levies/taxes of any nature whatsoever in relation to the Plot(s), including but not limited to, Stamp Duty and Registration charges. Any other government levies/ taxes will be due as applicable when charged.

Payment Schedule

 

Sr. No

Payment Milestones

Payment Milestone

1

     

2                                

Application fee 

(As per Annexure B)

At the time of allocation

Amorgos – 50,000 Rs.

Mykonos – 75,000 Rs.

Andros – 1,00,000 Rs.

10% of AV – Application Fee

3

Within 14 Days of Allocation

40% of AV +Stamp Duty , Registration Fee

4

On Possession

50% of AV (minus application fee)

Annexure C

Withdrawal Process

  1. Initiation – withdrawal request needs to be raised by writing an email to info@Arnicastleathena.com
  2.  Eligibility
  • The email should be written from the email id mentioned in the application form post allotment event for cancellation
  • Any withdrawal post allotment of plot will be treated as a cancellation and in the event of cancellation of Plot(s), we shall be entitled to deduct the application Fee mentioned Annexure B.

  • Only the email id mentioned in the form will be treated as official.

Refund in case of withdrawal

All refunds shall be made by cheque which can be collected by the Applicant from the designated office/ site office within 45 working days from the date of cancelation of application. (All the refund will be initiated post the allocation date)

Withdrawal post allocation

  • Any withdrawal post the booking of plot will be treated as a cancellation and in the event of cancellation of Plot(s), we shall be entitled to deduct the application Fee mentioned Annexure B.
  • In the event of cancellation of the plot, we shall be entitled to deal with and/or dispose of the Plot in the manner it deems fit and proper and the Applicant does not have and shall not have any claim or raise any objection in this regard.

Incomplete application

An incomplete application is liable to be rejected at our sole discretion.

Few illustrations of incomplete application which may lead to rejection are as follows:

  • The UTR no./ Swift Code is not correctly mentioned; 
  • The cheque/demand draft/Banker’s cheque issued by the Applicant towards the Application Fee is dishonoured or returned, unpaid for any reason whatsoever, or the payment of Application Fee through RTGS/NEFT is not realized by us;
  • Application Form contains any condition (s) beyond or contrary to what is stated in the letter and/or these Terms & Conditions;
  • Application Form contains incorrect inventory requirement and codes, other than those stated in Annexure B.

Loan from financial institutions

Loan from the financial institution may be availed by the applicant basis eligibility and institution norms. However, if a particular institution/bank refuses to extend financial assistance on any ground, the Applicant shall not make such refusal an excuse for non-payment of further instalments/dues.

This is a pre-launch terms and conditions document for pre-booking applications of the project ARNI Castle Athena, Dapoli. For more details, visit us at www.arnicastleathena.com