Terms & Conditions

Documentation
On allotment two agreements will be executed between the builder and the purchaser. One agreement for sale of individual plot and the second one for land development and construction of the villa

Mode of payment

  • 1 LAC on Booking
  • 15% (less booking amount) Within 15 days at the time of agreement
  • 35% on land registration
  • 15% on completion of foundation
  • 10% on completion of ground floor slab
  • 10% on completion and handing over the villa

Other Conditions
Cost of stamp paper, registration charges, legal and miscellaneous charges in connection with the registration of the land are to be borne by the purchaser. Statutory deposits, building tax, construction workers, welfare funds, service tax or any other taxes, share of KWA, KSEB connections, Transformer costs, deposit of house owners association and extra work if any to be paid by the purchaser.

This is a time bound project, if the payments are not made as per the agreement signed the builder reserves the right to cancel the allotment. In such case the amount paid until cancellation will be retured only after re-allotment to another party and subject to the direction of expenses and damages. All payments are to be made either by demand drafts or local cheques favouring Hamnet builders and developersPvt. Ltd, Payable at trivandrum. Possession shall be given to the customer only after settling all dues to the company. All transactions are subjected to thiruvananthapuram jurisdiction only.

Maintenance
Owners association/trust will be formed on handing over the possession of the villas and project. Membership in the above association/trust is compulsory. The owners association/trust will carry out all necessary routine and annual maintenance and repairs on common areas, common installations and fittings, payment of electricity and water charges from common facilities and services. Maintenance charges and deposits are to be paid by each owner regularly and timely.

Note: All measurements, area layout, elevation and specifications shown in the brochure are subject to minor variations without specific or general notice. Actual area of construction will be arrived after the construction is over and costs will be calculated as per the actual area of construction.

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