Terms & Conditions
PURCHASER shall submit the Application in the prescribed form
duly signed by him/her along with the earnest money. Company
reserves the right to accept or reject any
application/Allotment without assigning any reason.
2. The PURCHASER shall declare that he/she is solvent enough
to purchase the demised property as per the terms and
conditions out lined by the company.
3. On acceptance of application, and receipt of the earnest
money and the down payment, Company will issue a Preliminary
Allotment Letter to the PURCHASER on receipt of which he/she
shall start making payments as per the Payment Schedule.
Allotment will be made on 'first-come-first-serve' basis. The
PURCHASER shall sign a DEED OF AGREEMENT within 30 (Thirty)
days from the date of issuance of the allotment letter which
will be a safeguard for the interests of the PURCHASER and as
well as for the Company. The allotment shall be effective only
after realization of the payments of installments and other
charges in full to the company.
All payments shall be made through Pay Order/Bank Draft or A/C
payee cheques in favour of "Xenovalley Model Town (Pvt.) Ltd".
Bangladeshi's residing abroad shall remit payments through TT
or DD to the same account.
The PURCHASER must strictly follow the payment schedule.
Company may issue remainder letters to the PURCHASER for the
delay in payments beyond due date. The PURCHASER is liable to
pay a Delay Charge @3% per month on the defaulted payments. If
the payment is delayed beyond 60 (sixty) days Company shall
have the right to cancel the allotment. In the event of
cancellation of allotment or surrender of allotted property,
due refund will be made only after deducting 5% (Five Percent)
of Total Price of that property and realizing the required
amount for refund from the new PURCHASER of the same.
The PURCHASER being known and understood about the provisions
and limitations of the selective-class private home township
as to be provided in the PINK CITY (Phase III) likewise the
other private home townships commonly built in the cities of
the developed countries, shall declare and affirm that he/she
shall strictly follow the rules and regulations of this
township and shall neither change, alter or modify the design
and plan of his/her home which affects the external
configuration of the home, nor he/she shall construct, erect
or build any kind of object or establishment within his/her
premise or outside the premises which might affect the
landscape configuration of the said township.
Company reserves the right to make any change in the design
both Architectural and Structural of the building if it is
necessary and expedient in the interest of the project. The
PURCHASER, however, may request for any interior modification
(without changing the location and orientation of the Stairs,
Bathrooms & Kitchen) for his/her demised House in writing, but
Company reserves the right to accept or reject the Purchaser’s
The possession of the demised property in the PINK CITY (Phase
III) will be handed over within 24-30 months from the date of
commencement of the construction work with a 6 months grace
period except for the reasons beyond control of the Company
such as force majeure, natural calamities, political
disturbances, stricks, acts of God or economic conditions,
etc. This handover shall only be made after payment of
installments and other charges in full.
The PURCHASERS shall bear the Utilities and Service Charges
such as security deposits, Taxes, Vats, fees, miscellaneous
charges and other charges and costs payable for getting Gas,
Water & Sewerage, Electricity connections, individual
home/shop plan approval from RAJUK etc. for the demised
property in addition to the individual price of the home. The
Company will make these payments directly to the authorities
concerned and the PURCHASER shall pay the same to the Company.
10. Transfer of Ownership of the demised HOME/SHOP along with
the demarcated land will be registered in favor of the
PURCHASER as per the current rules and regulations of the
country only after completion of its construction and
finishing works in all aspects. Under no circumstances the
possession of the demised HOME/SHOP shall be delivered to the
PURCHASER before the completion of its construction and
development in all aspects. Nor shall the possession of the
demised HOME/SHOP be given to the PURCHASER unless all
payments required to be made in full according to the payment
schedule as mentioned in the deed of agreement. All the costs
and charges pertaining to transfer of ownership such as stamp
duties, fees, Tax, Vat, documentation charges, incidental
charges etc. shall be borne by the PURCHASER.
11. The PURCHASER shall be willing to become a member of the
Owner's Association comprising of the other owners of this
estate for effective management and maintenance of the
township. Each home/ plot owner must initially deposit Tk.50,
000/= (Taka Fifty Thousand Only) in the reserve fund of the
association for maintaining management expenses of the estate
but before completion of the construction and development work
of the homes/shops and the common area of the project “THE
PINK CITY – XENOVALLEY” in all respect the PURCHASER shall not
be engaged into any association or society related activities
12. That in any case the project is abandoned or the allotted
home can not be delivered for the reason beyond control of the
company, the PURCHASER shall be given refund of the money paid
to the company within 120 days, in that case the PURCHASER
shall not be entitled to claim any interest whatsoever.
1. PURCHASERS are required to read the above general terms and
conditions minutely and put their signature as acceptance
2. This general terms and conditions are the integral part of
the DEED OF AGREEMENT.
Actual usable floor space may very from stated floor plan
area. All elevations, floor plans, site plan and landscaping
are artist’s concept. Material specifications and floor plans
are subject to change. All dimensions are approximate.