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  Terms and Conditions         

  • Once allotted and agreement signed, the prices are firm.
  • All payments only by Demand Draft or by local cheque favoring Muthoot Builders payable
    at Trivandrum
  • Possession shall be given to the customer on settling all the dues to the company.
  • Muthoot Builders reserves the right to accept or reject any application.
  • Statutory deposits, building tax, sales tax, share of KWA and KSEB cable, transformer cost, and deposits for Apartments.
  • Company is not responsible for any delay in water / electric connection due to the delay with concerned departments.
  • All transactions are subject to Trivandrum jurisdiction only.


    DOCUMENTATION
    (a) The documentations to own an apartment are agreements for the purchase of an undivided share in the land
    and for the construction of the apartment.
    (b) The sale deed of the undivided share in the land will be registered in favour of the purchaser on receipt of the
    entire payments and before handing over. Documentation charges, Registration Charges and incidental
    expenses for the registration of the sale deed will be to the buyer's account.
RULES AND REGULATION
Muthoot projects are time bound projects. In case payments are not made as per agreement signed, the builder reserves the right to cancel the allotment, in which case the amount will be returned only after re allotment to another party and without any interest.

1. All taxes, fees and charges arising out or relating to the Purchase, Sale/Contract deed or agreement including stamp duties, Registration fees, Documentation and Legal fees, Sales Tax, Corporation Tax, Electricity Connection Deposit, Cable Charges, Water Connection Deposits and charges or fees existing or to be introduced by Government or other statutory authorities will have to be borne by the client, who will pay/reimburse such amounts within 30 days of issue of notice regarding the same.

2. All notices and letters sent by registered post to the client's address as mentioned in the agreement will be considered as received by the client.

3. The purchaser shall compulsorily become a member of the House Owner's Association/Society constituted by the builder, which shall be formed at the time of handing over the possession of the apartments. The association/society shall carry out all necessary routine and annual maintenance and repairs to common areas, exterior walls of the building, common installations & fittings and payment of electrical & water changes for common facilities, services etc. Maintenance charges/deposits are to be paid by each owner regularly and in time.

4. Monthly maintenance charges are worked out, based on the costs incurred and will have to be borne by all the apartment owners regularly to ensure maintenance of the total complex.

5. An additional one-time payment, fixed by the promoters, has to be deposited towards creating a security deposit fund towards the maintenance expenses of the total complex, before taking possession of the apartment.

6. The interior furniture layout and wardrobes indicated in the brochure do not form part of the standard fittings but is shown to give an idea on the probable space usage of the interiors.

7. Every effort will be made to complete and hand over the project on time and obtain electrical, sanitary, and water connection within the stipulated period. However no responsibility will be accepted for any delay in completing the project due to unforeseen circumstances, and obtaining the services from statutory bodies, due to reasons beyond the control of the builder.

8. All disputes are subject to Trivandrum jurisdiction only.
Note: All measurements and specifications given elsewhere in this brochure are subject to minor variations without specific or general notices. All such variations/alterations shall be purely at the discretion of the builder. The information contained herein does not form part of the contract and is subject to change. Elevation given is an artistic impression only and is likely to undergo changes. This brochure does not constitute a legal offer.

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