TERMS AND CONDITIONS FOR ALLOTMENT OF PROPOSED FULLY DEVELOPED SEMI FINISHED HOUSES 

Greater Noida Industrial Development Authority invites applications for proposed fully developed affordable and innovative houses along with all infrastructural services in SIGMA Residential sector with covered area about 150 sqm.  

The houses are likely to be ready for possession within 3 years from the date of allotment. 

A. SCHEME DETAILS:

(1) SCHEME  NAME: AMALTASH DUPLEX SCHEME

(2) DETAILS OF HOUSES: 

 SPECIAL FACILITY:

(3) FINAL COST OF HOUSE

The premium /cost of house as indicated in the brochure is estimated. The final cost of a unit will be derived after complete construction of the unit which shall be acceptable to the allottee. The total cost of the fully built-up house as mentioned above may also verry as pe the actual dimensions of the house. Also in case of increase in cost of acquisition or development, the increase in cost shall be borne by the allottee proportionately. However, if the actual cost is more than 20% of the estimated cost then the allottee will have the right to take the refund of his/her entire deposit and surrender the allotment.  

(4) PAYMENT PLAN 

In this plan, 20% of the total premium of the house is payable as allotment money within 45 days from the date of allotment. Balance (after adjusting registration money and allotment money already paid) shall be payable in fourteen equal half-yearly installments with interest@ of 14% p.a.  The due date of installment shall be calculated from the 46th day from the date of allotment. Pre-payment is allowed without any interest.  

(5) MODE OF PAYMENT

(a) All payments to the Authority can be made by Demand Draft/Pay Order,  drawn in favour of Greater Noida Industrial Development Authority payable at new Delhi/Noida. The payments shall be accepted directly at the Bank Branches authorised to do so.

(b) Normally no extension in payments shall be allowed. If the amount payable to the Authority is not paid within the prescribed time limit, extension of time for such default period under very exceptional circumstances may be allowed upto maximum of 3 months subject to the condition that in the entire payment plan such extensions shall not be more than three. In the event of extension, interest @ 2% per annum compoundable half yearly shall be payable on the defaulted amount for the defaulted period.

(6) ALLOTMENT WOULD BE DONE BY DRAW OF LOTS WITHIN 60 DAYS FROM THE LAST DATE OF REGISTRATION REQUIRED.

SECTION � II

B. ELIGIBILITY 

The applicant should be competent to contract.  He/she should not own any residential house or house, in full or in part, on lease hold or free hold basis or under HPTA (Hire Purchase Tenancy Agreement) License Agreement in Greater Noida Industrial Development Area either in his/her wife/husband�s name or in the name of his/her minor or dependent children.

Only one house will be allotted to an applicant in his/her wife/hasband�s name or any dependent member of the family.

Any industrial units can apply in his name up the maximum no. of Ten houses.

B-1  PROCEDURE OF ALLOTMENT

Allotment would be decided by the draw of lots. The draw of lots of specific house numbers to the allotees shall also be done. All applicants shall be informed through publication in newspapers.        

B-2    HOW TO APPLY

The brochure containing application form for Rs. 500/- can be obtained from any of the Bank branches listed below. For getting brochure by post, Demand Draft of Rs.550/- should be sent to The Senior Manager, Bank Of Baroda, 169, Chitvan Estate, Sector Gamma, Greater Noida City, Greater Noida, Distt. Gautam Buddh Nagar (U.P. ) Pin � 201 308. All the terms and condition will be mentioned in the brouchure.

or

If the application download application form through internet Rs. 500/-extra should be paid with registration money.

B-3 REGISTRATION

Applicants as per their eligibility should apply in the application form attached herewith along with draft/pay order drawn in favour of Greater Noida Industrial Development Authority payable at New Delhi/Noida/Greater Noida. The applications complete in all respects can be deposited in any of the Bank branches mentioned hereinafter in clause �HOW TO APPLY�. The acknowledgement of the receipt of the application form shall be given by the respective Bank.

Last date of registration 9th  November 2002.

SECTION � III

C AS IS WHERE IS BASIS

The house will be accepted by the purchaser on �As is where is basis� on lease for a period of 90 years starting from the due date for execution of lease deed.

D UNSUCCESSFUL APPLICANTS

Those applicants who have not been allotted houses will be returned their registration money without interest, if the period of deposit of such money with the Authority is less than one year.  However, if period of deposit is more than one year, 4% simple interest shall be paid for the entire period of deposit.

E SURRENDER

E-1    In case of surrender before allotment, the entire Registration Money deposited shall be refunded without interest.

E-2    In case of Surrender after the allotment but within 45 days from the date of allotment, 10% of the Registration Money shall be forfeited and balance amount deposited shall be refunded without interest.

E-3    In case of surrender after 45 days of allotment but before 6 months from the date of allotment, 5% of the total premium of house shall be forfeited. Balance amount if any, shall be refunded without any interest. No separate notice shall be given for the same. After 6th month surrender shall not be allowed all deposited money shall be forfeited. 

NOTE:    The date of surrender in the above cases shall be the date on which application is received at the Authority�s office.  No subsequent claim on the basis of postal certificate will be entertained.

F       CANCELLATION

In Addition to the other specific clauses relating to cancellation, the Authority/Lessor as the case may   be shall be free to exercise its rights of cancellation of lease/allotment in the case of :

1. Allotment being obtained through misrepresentations/suppression of material facts.

2. Any violation of directions issued, or rules or regulations framed by the Authority, Pollution Control Board or by any other statutory body.

3. Default on the part of the applicant/allottee/lessee for breach/violation of terms and conditions of registration/allotment/lease and/or non deposit of allotment amount.

In the event of cancellation, under sub-clauses mentioned above, the entire deposits till the date of cancellation shall be forefeited and possession of the house will be resumed by the  Authority/lessor with structure thereon, if any, and the allottee/lessee will have no right to claim compensation thereof.

SECTION � IV

G. PERIOD OF LEASE AND LEASE RENT 

The allotment of house will be given to the allottee on a lease of 90 years and lease rent shall be payable in lumpsum at the rate of 10% of the total cost of the house before possession.

H. EXECUTION OF LEASE DEED AND POSSESSION

The allottee will be required to enter into legal documentation and take possession of the house within 3 years from the date of allotment. In the event of failure to do so, allottee shall be liable to pay administrative charges at the rate 1% of the total premium for the extension of one year from the due date given for the execution of legal documents. If the allottee fails, to execcute legal documents within the extended time, action for cancellation of allotment and forfeiture of deposited money shall be taken. 

I. DOCUMENTATION CHARGES

The cost and expenses of preparation, stamping and registering the legal documents and its copies and all other incidental expenses will be borne by the allottee who will also pay the stamp duty of transfer of immovable property levied or any other duty or charge that may be levied by any Authority empowered in this behalf.

J. MORTGAGE

The allottee/lessee may, with the previous consent of the lessor, mortgage the land/house to any Government recognised institution for raising loan for the purpose of funding the institution and subject to such terms and conditions as may be decided by the lessor at the time of granting the permission. 

Providing that in the event of sale or fore closure of the mortgaged or charged property the lessor shall be entitled to claim and recover such percentage, as decided by the lessor, of the unearned increase in the value of said land/house as first charge, having priority over the said mortgage charge.  The decision of the lessor in respect of the market value of the said land shall be final and binding on all the parties concerned.

Provided further that lessor shall have pre-emptive right to purchase the mortgage or charged property after deducting such percentage as decided by the lessor of the unearned increase as aforesaid.

The lessor�s right to the recovery of the unearned increase  and the pre-emptive right to purchase the property as mentioned herein before shall apply equally to involuntary sale or transfer, be it by or through execution of decree of insolvency/court.

SECTION � V 

K. TRANSFER OF HOUSE

K-1 TO LEGAL HEIR

The transfer of houses  to his/her legal heir will be allowed with prior permission of the Chief Executive Officer/or any Officer authorized by CEO in this regard, subject to the fulfillment of prescribed conditions. 

K-2 TO OTHER THAN LEGAL HEIRS

The transfer of house to other than legal heirs will be allowed on request with prior permission of the Chief Executive Officer or any other authorised officer.  Such transfer of house may be considered on payment of prescribed transfer charges and fulfillment of the legal conditions as decided by the Chief Executive Officer, who shall have the power to reject or accept such request. 

L. MISUSE, ADDITIONS, ALTERATIONS ETC.

The allottee/lessee shall not use the house for any purpose other than residential. The lessee/allottee shall not be entitled to divide the house or amalgamate it with any other house without the prior written permission of Chief Executive Officer or any officer of Authority, authorised by C.E.O.  In case of violation of the above conditions, allotment shall be liable to be cancelled and possession of the premise alongwith structures thereon, if any shall be resumed by the Authority.

M. LIABILITY TO PAY TAXES

The allottee/lessee will be liable to pay all rates, taxes, charges and assessment of every description imposed by any Authority empowered in this behalf, in respect of the house, whether such charges are imposed on the house or on the building constructed thereon, from time to time. 

N. OVERRIDING POWER OVER DORMANT PROPERTIES

The lessor reserves the right to all mines, minerals, coals, washing gold�s, earth oils, quarries in or under the house and full right and power at any time to do all acts and things which may be necessary or expedient for the purpose of searching for, working and obtaining, removing and enjoying the same without providing or leaving any vertical support for the surface of the house(s)/house or for the structure time being standing thereon provided always, that the lessor shall make reasonable compensation to the allottee/lessee for all damages directly occasioned by exercise of the rights hereby reserved.  The decision of the C.E.O. on the amount of such compensation will be final and binding on the applicant.

O. MAINTENANCE 

1. The allottee at his own expense will take permission for sewerage, electricity, and water connections from the concerned departments of the Authority or from the competent authority in this regard.

2. The allottee will keep the allotted house and the available facilities as well as he surrounding neat and clean and in good condition. If the allotted house is situated in a premises where other houses are also constructed, then the allottee along with allottees of other houses will plan a maintenance programme whereby the entire premises shall be kept neat and clean and well maintained.

3. The allottee will carry out all directions of Authority in respect of the maintenance of building, plot and surrounding areas as well as with regards to the provisions of the Urban Services.

4. In case of non-compliance of these terms & conditions, and any Directions of the Authority, the Authority shall have the right to impose such penalty as the CEO may consider just and/or expedient.

5. If the maintenance work of any area is not found satisfactory according to the Authority, then the required maintenance work will be carried out by the Authority and the expenses incurred in carrying out such works will be borne by the allottee/s, collectively or in parts.  The decision of the Authority will be final as regards to the expenses incurred in the maintenance work.

6. That the lessee shall abide by all regulation, bye-laws directions and guidelines of the Authority framed/issued under section 8,9 and 10 orr under any other provisions of the UP industrial Area Development Act 1976 and rules made therein.

7. That the lessee shall also not display or exhibit any posters, statues, other articles which are repugnant to the morals or are indecent or immoral.

SECTION � VI

P. OTHER CLAUSES

P-1    The Authority reserves the full right for any alteration in design as well as specifications under special circumstances.  

P-2    The Chief Executive Officer or any authorised officer reserves the right to make  such additions/alterations or modifications in the terms and conditions of allotment from time to time as he may consider just or/and expedient.

P-3    In case of any clarification or interruption regarding these terms and conditions the decision of Chief Executive Officer or Authority shall be final and binding on the applicants/allottee/lessee. 

P-4    If due to any �Force majeure� or such circumstances beyond the Authority�s control, the Authority is unable to make allotment or the possession of the allotted house, entire registration money or the deposits, depending on the stage of allotment will be refunded along with simple interest at the rate of 4% per annum if delay in refund is more than one year from such date.

P-5    Any dispute between the authority/lessor and allottee/lessee shall be subject to the territorial jurisdiction or the Civil Courts of Gautam Budh Nagar or the Court�s designated by the High Court.

P-6    The registration/allotment/lessee will be governed by the provisions of the U. P. Industrial Area Development Act, 1976(U.P.Act No.6 of 1976) and by the rules and/or regulations made or directions issued under this Act.

P-7    In the layout plan , house shall be so arranged that it recognizes he group preferences. Thus the residents would have the added advantage of forming groups with a view to promoting shared neighborhood activities e.g. private security etc.  

P-8    The Allottee, apart from the allottee house, will not demand to utilize any other area (which is not allotted). Wherever, the permission of open space is given, the allottee shall not make any construction whether permanent or temporary.

P-9    All arrears due to the lessors are recoverable as arrears of land revenue.

Specification

1. Brick walls in cement mortar.

2. Cement plaster inside-in toilets no plaster up to 7�-0�, in kitchen on plaster from 3�-0�, up to 7�-0�.

3. Flooring- On ground floor up to lime concrete, no finishing. On first floor only R.C.C. Slab no finishing, no flooring in toilets/kitchen. External Veranda/balcony (mosaic flooring).

4. External finish-Permanent finish, doors and windows of wood/glass with grill.

5. Internal Finish-No internal doors/no wood work. No slab/sink in kitchen.

6. Boundary wall-3�-0� solid and remaining railling.

7. Drive-way, lawn, filing up to 30 cms.

8. Gate and ramp.

9. Roof slab finished (terrace).

10. Conduits only, no wiring only boxes for switches.

11. No Electrical /plumbing fittings/fixtures.