Terms & Conditions

The Applicant(s) requests HERCULES VENTURES LLP for provisional allotment of a Residential Independent Floor bearing Unit No. _______ on ______ Floor having carpet area 74.34 sq. mtr. (800.19 sq.ft. ) and having balcony area of 11.11 sq. mtr. (119.58 sq.ft.) Type : 3 BHK + 3T built upon Plot No. _________ admeasuring 124.44 sq. mtr. in the Residential Independent Floor project under the name and style of Grace Resilivaa proposed to be developed by the Promoter over the land admeasuring 1.045 acres, situated in the revenue estate of Village Naurangpur, Sector- 78, Gurugram, Haryana (“the Project”). The Applicant(s) is/are making this application with the full knowledge and understanding that the Promoter is in the process of developing the Project and would make the allotment of the Residential Independent Floor in due course of time, subject to the availability.

1. The Applicant(s) request(s) that the Applicant(s) may be allotted the said Residential Independent Floor in the Project as per the:
Down Payment Plan _______________ Development Linked Payment Plan _______________

2. The Applicant(s) enclose(s) herewith the details of payment of Rs./- (Rupees Only), vide Bank Draft/ Pay Order/ Cheque No. / RTGS No._________________________________________ dated, drawn on_________________Bank, Branch, in favor of the Promoter payable towards the booking amount of the Residential Independent Floor, or through Electronic Transfer bearing UTR No. in account no._, maintained with_______________Bank, in________________Branch, bearing IFSC Code____________________, as booking amount of the Residential Independent Floor ("Booking Amount") and request(s) the Promoter to consider/ adjust it as part payment towards the Total Price of the said Residential Independent Floor to be paid by the Applicant(s) in lieu of purchase of the said Residential Independent Floor , in accordance with the terms of the Agreement For Sale/ Residential Independent Floor Buyer Agreement proposed to be executed between the Applicant (s) and the Promoter ("Residential Independent Floor Buyer Agreement").

3. The Applicant(s) confirm(s) that he/ she/ it/ they has/ have read and understood the Residential Independent Floor Buyer Agreement containing the detailed terms and conditions and in addition, the Applicant(s) further confirm(s) to have fully understood the terms and conditions of the Residential Independent Floor Buyer Agreement (including the Promoter's rights, entitlements and limitations) and the Applicant(s) hereby agree to perform his/ her/ its/ their obligations as per the conditions stipulated in the Residential Independent Floor Buyer Agreement and thereafter, the Applicant(s) has/ have applied for allotment of a Residential Independent Floor in the Project and has requested the Promoter to allot a Residential Independent Floor. The Applicant(s) agree(s) and confirm(s) to sign the Residential Independent Floor Buyer Agreement in entirety and to abide by the terms and conditions of the Residential Independent Floor Buyer Agreement.

4. The Applicant(s) clearly understands and acknowledges that this application does not constitute an Agreement for Sale/ Residential Independent Floor Buyer Agreement and the Applicant(s) is/ are not entitled to the provisional and/ or final allotment of the Residential Independent Floor, notwithstanding the fact that the Promoter may have issued a receipt in acknowledgment of the money tendered along with this application. The Applicant(s) hereby further agrees that forwarding the Residential Independent Floor Buyer Agreement to the Applicant(s) by the Promoter does not create a binding obligation on the part of the Promoter or the Applicant(s) until and unless, the Applicant(s) sign(s) and deliver(s) the Residential Independent Floor Buyer Agreement with all the Schedules and the payments due as stipulated in the Payment Plan (Annexure C) hereunder and the Residential Independent Floor Buyer Agreement, within a period of 30 (thirty) days from the date of receipt of the Residential Independent Floor Buyer Agreement by the Applicant(s) and secondly, the Applicant (s) appears and present before the concerned Sub- Registrar at Gurgaon for registration of the said Residential Independent Floor Buyer Agreement, as and when intimated by the Promoter.

5. If, however, the Applicant(s) fail(s) to execute and deliver to the Promoter, the Residential Independent Floor Buyer Agreement within 30 days from the date of its receipt by the Applicant(s) and/ or appear before the Sub-Registrar at Gurgaon for its registration as and when intimated by the Promoter, then the Promoter shall serve a notice to the Applicant(s) for rectifying the default, which if not rectified within 7 days from the date of its receipt by the Applicant(s), this application of the Applicant(s) shall be treated as cancelled and the Promoter shall have an option to forfeit the Booking Amount.

6. The Applicant(s) further acknowledges and understands that the allotment of the Residential Independent Floor is entirely at the sole and absolute discretion of the Promoter and the Promoter shall have the right to reject this application without assigning any reason, whatsoever, and in the event the Promoter rejects this application, the Applicant(s) shall be entitled to receive the Booking Amount without any interest or the compensation of any nature, whatsoever.

7. The Applicant(s) have clearly understood that the Residential Independent Floor Buyer Agreement to be sent by the Registered Post on the address as provided by the Applicant(s) herein below, shall be deemed to be delivered to the Applicant(s) after 7 days from the date of dispatch by the Promoter. The Applicant(s) confirm(s) that in case there are joint Applicant(s), all correspondences/ communications shall be sent by the Promoter to the Applicant(s) whose name appears first and at the address given by him/ her/ it/ them, and all correspondences sent by the Promoter to that address/ email shall be valid and binding on the Applicant(s) as regards the contents therein and considered as properly served on all the Applicant(s).

8. The Applicant(s) agrees that in the event, the Promoter accepts this application and allots the Residential Independent Floor, the Applicant(s) shall pay the Total Price and all other amounts, applicable taxes, cess, other charges, interest and dues as per the Payment Plan (Annexure C) as explained to the Applicant(s) and agreed and opted by the Applicant(s) and/ or as and when demanded by the Promoter or in accordance with the terms of this application and the Residential Independent Floor Buyer Agreement. The Applicant(s) is/ are fully aware of the consequences on account of non-payment of instalments within the stipulated time. Any payment made without execution of Residential Independent Floor Buyer Agreement will not confirm allotment in the favor of the Applicant(s) in any manner whatsoever.

9. The Applicant(s) acknowledge(s) that the Promoter has provided all the information and clarifications as required by the Applicant(s) and that the Applicant(s) is/ are fully satisfied with the same and the Applicant(s) has/ have fully acquainted himself/ herself/ itself/ themselves of all the particulars of the said Project as has been provided on the website of the Authority established as per the provisions of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016) and the rules framed thereunder, and is subject to any mutually agreed variations thereto. The Applicant(s) hereby confirm(s) that he/ she/ it/ they is/ are signing this application with full knowledge of all the applicable laws, rules, regulations, notifications, etc., applicable to the Project. No oral or written representations or statements shall be considered to be a part of this application and that this application is self contained and complete in itself in all respects.

10. The Applicant(s) has/ have seen, verified and has/ have satisfied himself/ herself/ itself/ themselves with the layout plan/ zoning/ site plan, which has been approved by the competent authority and has/ have satisfied himself/ herself/ itself/ themselves with the Payment Plan (Annexure C) and the amenities, facilities, etc. annexed along with this application and under the Residential Independent Floor Buyer Agreement. The Applicant(s) confirm(s) and acknowledge(s) that he/ she/ it/ they is/ are not in anyway influenced and/ or relied on any advertisements, offerings, brochures, or any type of promotion material by the Promoter or its nominated persons/ assignees/ channel partners/ brokers, and has willingly and after due inspection and verifications, has agreed to apply for the Residential Independent Floor.

11. Notwithstanding anything contained in this application, the Applicant(s) understand(s) that the application will be considered as valid, enforceable and proper only on realization of the amount tendered with this application.