Helpline no.:- 01893-262022, 094185-33330,  098172-66668
 
 
 
 
 
 
Term & Conditions
  1. The applicant should be an Indian citizen.
  2. That the applicant shall execute the application form for the scheme opted by him giving complete and correct information prescribed in the form.
  3. The company reserves the right to reject any application without assigning any reason thereof.
  4. The applicant shall be required to make the payment with regard to his opted plan strictly within the time and terms of the plan to get all the benefits of the plan.
  5. All investments / installments are strictly required to be deposited with the registered office / head office / CSC of the company after getting proper receipt. The company shall not be made by way of demand draft / crossed cheques. All payment exceeding Rs. 20,000/- shall be accepted by way of crossed cheques / demand drafts only.
  6. The duplicate receipt shall be issued on receipt of Rs. 10/- (Rupees ten only) or as per the charges fixed by the company form time to time only on making written request assigning reason for the issuance of duplicate receipt.
  7. The payments of the installments shall be received by the company without any late fees charges within 30 days from the due date and thereafter late fees @ 1% per month(or at the rate applicable from time to time) of the installment shall be charged wef the due date of installment.
  8. In case of the default by a customer in making in one or more installments  for a period of six months from the due date, such default shall deemed to be a breach of this agreement and the customer shall not be entitled to the benefits offered to him under the opted plan.
  9. The defaulter specified in term No. 8 can apply for continuation of his/her opted plan within a period of next six months of such default with a written request along with continuation fees @ of 2% p.m. (or at the rate applicable from time to time) of the installments amount due from him/her and after considering his/her request the company may continue his/her plan. However the company reserves the right rejection of such case without assigning any specific reason there on.
  10. Permanent account number is mandatory if investment is more than or equal to Rs. 40000/-
  11. Investors are required to submit their photo graph, identity as well as residence proof along with this form.
  12. The nomination facility is available. The customer can appoint his/her nominee and can also change the nomination by executing the prescribed nomination form the company.
  13. The investor can change his/her mode of installment after payment of one year installments.
  14. In case of death of the unit holder the total amount invested by the unit holder shall be disbursed to his/her nominee appointed by the customer at the time of opting the plan. In case of any dispute among the heirs of the unit holder the amount shall be disbursed in accordance to the laws applicable.
  15. In case the applicant is minor the application form shall be signed by his/her natural guardians i.e. mother/father and incase the minor is under the guardianship of some other person a certificate regarding appointment of guardian by the competent authority shall be required.
  16. If the investor commits the breach of the terms and become defaulter as specified in term No. 8, the investment made by him shall be refunded to him by the company after completion of stipulated period of his/her opted plan along with bonus as per the schedule given below after deducting the minimum charges @ 4% (or at the rate applicable from time to time) of his/her invested amount on account of development cost and other incidental charges.
  17. The customer who has opted for lump sum plan cannot quit from the plan before the expiry of a period of three years from the date of investment however after three years if such customer who opt quit from the scheme before the allotment of the land /plot by making a specific written request to the company.  The refund of invested amount shall be made to such customer on completion of formalities after deducting the minimum charges @ 20% (or at the rate applicable from time to time) of his/her invested amount on account of development cost and other incidental charges.
  18.  In case of death of investor who choose regular investment plan the amount invested by him/her shall be return his/her nominee/legal heir after submitting original death certificate, all original receipts/declarations and other necessary/legal records with the company for the settlement of the claim along with the bonus specified below applicable to the opted by the deceased

    No. of Installment Paid Bonus
    1 To 11  Nil
    12 To 23  6% of invested amount
    24 To 35 8% of invested amount
    36 To 47 10% of invested amount
    48 To 59 12% of invested amount

    In case of death of the investor who choose lump sum plan the amount invested by him/her shall be refunded to his/her nominee/legal heir after submitting original death certificate, all original receipts / declarations and other necessary/ legal records with the company for the settlement of the claim along with the bonus specified below applicable to the plan opted by the deceased

    Investment Period Bonus
    Within 1st year simple interest @ 5% pa of invested period
    Within 2nd year  simple interest @ 5.5% pa of invested period
    There years & onwards Simple interest @ 6% pa of invested period

  19. The land / plot shall be allotted in the name of the customer in case of lump sum payment plan after completion of period of three years from the date of commencement of plan and in case of regular installment plan after a period of three years from the date of commencement of plan on deposit of deposit  36 monthly installment in case of monthly mode , 12 installments in case of quarterly mode, 6 installments in case of half yearly mode and  3 installments in case of yearly mode chosen by the customer.
  20. The allotment of the land to the customer shall be at the sole discretion of the company reserves the right to allot the land to the investor in particular state / place subject to the availability.
  21. After the allotment of the land the customer shall be required to execute an agreement with the company within three months from the due date of allotment (copy of which is attached with the form) and will deposit the requisite expenses as per detail furnished below on account of stamp papers, other  legal charges and services charges for the execution of this agreement as applicable from time to time under law / rules of the state / territory where land is situated:

    Amount of Investment Amount of legal / service charges
    Below Rs. 10,000 Rs. 500
    Rs. 10,001 To Rs. 1,00,000 Rs. 1,000
    Rs. 1,00,001 To Rs. 3,00,000 Rs. 1,500
    Rs. 3,00,001 To Rs. 5,00,000 Rs. 2,500
    More than Rs. 5,00,000  Rs. 5,000
  22. The processing of said application shall be made by Big Money Land Development Infrastructure Limited within 15 days of the receipt of the same.
  23. In case the value of the piece of land arranged by the company for the customer exceeds to the amount invested by him/her/them under the opted planed or where fragmentation into the smaller size of the plot(s)/ land is not practicable feasible or permissible under the laws of the land the customer shall share a particular piece of land along with other customers/transferees and the company shall execute the registered sale deep insuring the title and interest of each customer in joint holding. In such cases after the execution and registration of the sale deep the customer shall deemed to be in joint possession of the land transferred in their names. However the customers not willing to hold land in jointness may request to the company in writing for the refund of minimum realizable value of the land allotted to him/ her/them before the execution of the sale deed.
  24. After allotment till the executed of sale deed the customer shall not having any right to sell/mortgage/ transfer by any other mode the land allotted to him.
  25. Where the sale deed shall be executed in the name of more than one customer the original sale deed shall remain with a trustee to be appointed with the mutual consent of all such customers and the company and a certified copy of the sale deed issued by the sub registrar / notary public shall be give to each such customer.
  26. If desired by the customer the company would arrange for the resale of the land allotted / sold to him.
  27. In case the customer fail to execute the requisite agreement with the company as referred above within the stipulated period he/she shall not be entitled to get the physical possession of land / plot allotted to him and the company shall be at liberty to allot his/her plot/ land to other customers and eventuality to customer shall not be entitled to raise and objection.
  28. The company is providing free accidental risk cover to the investors who make their investment /installments for the opted plan on or before the stipulated date. However the investors who commit default in making the payments of their installments on due would not be entitled for the risk cover.
  29. After allotment of land the company shall have the right to enter into the property allotted to the customer for the purpose of inspection / demarcation and the customer shall be required to allow access to the officials of the company for this purpose.
  30. The cost the plot/ land include the development charges / land scaping charges and other maintenance charges.
  31. After execution of the agreement the customer shall be at liable to make the regular payments to the company as per his/her opted plan and in case of his/her default in makings the payment regularly the company shall be at liberty to cancel his/her agreement after giving on month notice to him.
  32. One unit means one square feet or specifically mentioned by the company.
  33. The unit holders are required to notify the charges of their address to the company by written request.
  34. The management of the company reserves the right to amend / discontinue /modify the rules and regulations from time to time without any prior notice as per requirements of laws, state/center rules, notifications and other mandatory regulations/ directions issues by the competent authority.
  35. All payments by the company to the investor / their nominees/ legal heir shall be subject to the TDS as applicable.
  36. The investors who choose lump sum plan option can avail financial assistance after execution of land agreement up to 50% of his/her land value from the company in case of contingency after making a written request on prescribed form in this regard and on deposit of original receipts the investment and original agreements. Such financial assistance by the company shall be granted to the investor subject to the charges@ 16p.a. compoundable quarterly on the amount availed by him/her from the date of availing of such facility till the full final realization of the amount availed by him along with the charges. The amount availed by the investor in such cases would create a charge on the land allotted to him vide agreement executed between the investor and the company.
  37. In case of any dispute arising between the parties relating to constructions/ meaning / scope/ operation of this agreement of regarding its validity applicability and breach of agreement, the matter shall be referred to arbitrator to the appointed by the company and the matter shall be dealt as per the rules and regulations of the Indian arbitrator to be appointed by company and matter shall be dealt as per the rules and regulations of the Indian arbitration and conciliations Act or any statutory modification or enactment applicable from time to time and the award made by the arbitrator shall be binging and acceptable to both the parties.
  38. All disputes arising regarding interpretation, implementation or subject to jurisdiction of  Jawali
  39. Though the management of the company have taken the reasonable care, precaution and necessary step to mitigate the impact of risk to its customer by appointing experiences staff equipped with latest technology and technical support yet the business of development, maintenance, sales and purchase of the land is subject to various risks, hazards and contingencies  like act  of god, act of state, circumstances beyond control of the management of the company , unforeseen situations, disputes and legal constraints. In the event of occurrence of such like contingencies if the management of the company is not nin a position to arrange/ sell/ transfer the land in the name of the customer the right of the customer shall be limited to the extent of refund of the minimum realizable value of the land for the plan opted by him.

 
Site Powerd by : Gati technology system