Welcome to RAMS GROUP
RAMS
Developments
Ltd
RAMS
Power Ltd
RAMS
Softel
RAMS
Properties
TERMS AND CONDITIONS:
Allotment:
Application for allotment should be made on prescribed application from duly signed by the applicant alone with the initial deposits. The company “RAMS Developments Limited” reserves the right to accept or reject any allotment without assigning any reason there to upon acceptance of an application.
Preference for Allotment:
Allotment will be made on first come first serve basis. Preference may be given to purchaser willing to make a one time payment.
Transfer of allotment:
The purchaser shall have the right to transfer the allotment to the third party after full payment of all installments: In such a case purchaser shall bear all cost relating to transfer registration.
Payments:
All sorts of payment such as booking money, down payment, car parking space cost, additional works or other charges shall be made by Cash or Account payee cheque or Bank draft or Pay order in favor of RAMS Developments Limited for which respective receipts will be issued.
Delay in Payment:
The purchaser must strictly adhere to the schedule of payment in installments to ensure timely completion of the construction. Any delays in payment up to one month shall make the purchaser liable to pay interest at the rate of 0.1% per day on the amount of payment delayed.
Allotment Cancellation:
If the payment is delayed beyond 45 days then the company shall have the right to cancel the allotment. In such a case 10% of the paid amount will be forfeited and the remaining amount paid by the purchaser earlier (if any) shall be returned after subsequent sale of the respective apartment.
Deed of Agreement:
An agreement will be maid within RAMS Developments Limited and allotee for safeguarding the interest of the allotee as well as the developer company, after successful payment of 30% of the total payment.
Service Facilities+ Cost:
Utility connection fees/charges, security deposits and incidental expenses payable for DESA, WASA and Gas connection will be paid by apartment purchaser(s).
Registration of Apartment as well as Proportionate Land:
All cost & charges like transfer fees (if required), registration fees, stamp duties, source tax, vat, all other incidental costs and charges shall be borne by the purchaser(s). The land on which the building is being constructed shall belong to a Co-operative Societies Ordinance 1984 (Ordinance no. 1 of 1985) and the ownership of the apartment shall be represented on the basis of holding share of the said Co-operative Society.
Owner’s Association:
All purchasers will have to be the members of the respective Co-operative and they will responsible for the management of common facilities. Each apartment owner has to pay Co-operative society a deposit of Tk 25000.00 (Twenty Five Thousand) only. The Co-operative Society will have a Co-operative office and all expenditure of the office will be borne by each apartment owner of the project. For any reason beyond the control of the company, act of God or otherwise the company if compelled to abandon the project, purchaser should be refunded all deposited money in suitable installment. In such case the purchaser will not be entitled to any claims for damage whatsoever.