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Terms & Conditions

Allotment

(a) The allotment of the MINDS Unit of the RRG shall be made strictly at the sole discretion of the company.
(b) Application for Allotment may be rejected by the company without assigning any reason and without any prior intimation to the intending allottee.
(c) If the Unit applied the first preference by the intending allottee is not available or Company is otherwise unable to allot that Unit to the intending allottee in such a case other Unit applied in the order of preference of the intending allottee shall be allotted subject to availability.
(d) The applicant can purchase at least 10 MINDS units or in any multiple thereof. However, allottee shall be entitled for allotment of plot/certificate (witch shall be marketable) only on acquiring at least 100 MINDS units. Units shall be allotted to applicant on 100% payment of the unit price.

Information

(a) The intending allottee has inspected the title documents of the land and has also inspected Reservation Letters issued by the JDA and is fully satisfied about the same.
(b) The intending allottee has applied for the allotment of Unit at RRG with full knowledge and subject to all laws, notifications and applicable rules, which have been explained by the Company and understood by the intending allottee. The intending allottee has seen, inspected and understood the terms and conditions enumerated in draft of “Buyers Agreement.”

Mode of Payment

All payment shall be made either through cash or cheque / bank draft / pay order payable at Jaipur in the name of "Finetech Developers Pvt.Ltd. A/C MINDS". Cheque / bank draft / pay order shall be subject to clearance. Outstation Cheque shall not be accepted. The Company shall not be responsible for payments made through any other mode.

Joint Application

Joint application by more than one intending allottee shall be acceptable to the Company.

Correspondence

All Correspondence shall be made at the address given in the application from until the same is changed and informed to the office of the Company .

Duties & Taxes

(a) All taxes levies, duties whether belonging to the Central Government, State Government or local body levied in present or accruing in future on the Unit allotted at RRG Shall be borne by the intending Allottee(s).
(b) Stamp duty and registration charges in respect of the lease deed of the Plot / Unit allotted to the intending allottee shall be paid and borne by the intending allottee.
(c) All the relevant rules and regulations, notification of the Govt. or any other statutory body which are presently applicable or which may be applicable in future shall also be binding on the allottee.

Sale & Purchase

MINDS units can be sold and purchased from company's sale counter. Company will declare sale and purchase rate of Units on daily basis after the lapse of 6 months from the date of launch of the concept. No units shall be bought back by the company before completion of 180 days from the date of issue of allotment certificate of units.

Possession

(a) Possession of the plots shall be given to the allottee(s) after JDA's allotment of plots to Company. No date or time period for possession is being committed by the company. (b) If the unit holder would not possess 100 units at the time of exit / closer of scheme, he / she / they will be bound to surrender the units held by them to company for a consideration based on the prevailing market price determined by the company. (c) Scheme shall be treated closed when allotment of plots to all eligible unit holders will be completed. Allotment shall be made through lottery with complete transparency.

Transfer

The intending Allottee(s) can transfer his / her / its units to any other person and also shall be entitled to get the name of his / her /its nominees(s) substituted in his/her/its place with the prior approval of the Company, who may in its sole discretion permit the same on such conditions as it may deem fit. However, such transfers shall entail administrative charges @ Rs.10.00 per unit at present and can be revised by the company any time without informing to unit holder(s).

Disputes & Arbitration

In respect of any dispute arising between the parties relating to this agreement on any matter whatsoever, the same shall be settled in accordance with the provisions of the India Arbitration & Reconciliation ACT, 1996 and the statutory modifications thereof. The venue of the arbitration shall be at Jaipur. The law courts at Jaipur shall alone have exclusive jurisdiction to entertain the disputes between the parties hereto.

Declaration

I / We hereby declare that I / We have fully understood all the terms and conditions given to fully abide by the same.
I/ We further declare that the information in the application from is true & correct to the best my / our knowledge and nothing material has been concealed.