Cancelation Policy after Allotment of flats/ office space and before signing of Flat/ Office Space Sale Agreement and /or Flat/Office Space Transfer Agreement:
The intending buyer/ intending customer reserves the right to opt out of any allotment made to him/her by Siddha Real Estate Development Pvt. Ltd. and its subsidiaries, partners, agents or any person authorized for the same (herein after Siddha), by a written communication which should reach the address given at the back of the Flat/ Office Space Sale Agreement and /or Flat/Office Space Transfer Agreement within 15(fifteen) calendar days from the date of allotment letter ______________. In such event, the sum of Rs. ____________(Rupees _____________) paid by the intending buyer/ intending customer as registration money for booking will be refunded, after deduction of a sum of Rs. 25000/(Rupees twenty five thousand).
Cancelation Policy After signing of Flat/ Office Space Sale Agreement and /or Flat/Office Space Transfer Agreement:
In the event the intending buyer/ intending customer (1) fails to make paymentof any part of portion of the total price, extras and other charges, or (2) neglects or fails to perform the his/her covenants and/or the obligations as envisaged to be performed in terms of the agreementthe agreement shall, at the option of the Siddha shall stand cancelled and/or rescinded, upon which Siddha shall refund to the intending buyer/ intending customer all payments received till that date, without any interest, after deducting 20% (twenty percent) of the total price of the Flat/ Office Space.