Eureka Homes Limited

Your Dream, We Deliver

Eureka Homes Limited

Terms & Conditions


Customer preference:

Eureka always prefer customer satisfaction, theref

Eureka Homes Limited is the exclusive developer and builder for planning, implementing and allotment of all facilities of the project. As modern and luxurious apartment complex, consisting of self-contained apartments, reserved car parking, other features etc described in details in this brochure of the project.

 

Application:

All interested buyers will need to apply for allotment on the prescribed application form duly (supplied by the company) duly signed by the applicant along with the Booking Money. Eureka Home Limited has the right to accept or reject any application without assigning any reason thereto.

 

Allotment Letter:

On acceptance of an application, Eureka Home Limited will issue an allotment letter with specific terms and conditions to the applicant. The applicant/allotted shall then start making payments as per the Schedule of Payment. Allotment of apartments are made on first come first served basis.

 

Signing of Deed Agreement:

Eureka Home Limited and the allottee will be required to execute an agreement for safeguarding the interest of the allottee as well as Eureka Home Limited.

 

Payment:

All payments of booking money, installments, additional works and other charges shall be made by Bank Draft or Pay Order or A/c Payee Cheque in favor of “Eureka Home Limited” for which respective receipts will be issued. Bangladeshis residing abroad may remit payments by TX or DD or Wire Transfer. Payments from overseas in US Dollars will be calculated at the prevailing official conversion rate to Bangladesh taka on the date of payment.

 

Payments of installments, car park costs and all other charges are to be made on due dates. Eureka Home Limited may issue reminders to the allotted but, notwithstanding the issue of reminders, the allotted must adhere to the Schedule of Payment to ensure timely completion of construction.

 

Special Discount:

If any Buyer is wishing to make one-time payment in full shall be given a special discount on the price of the space.

 

Delay in Payment:

The schedule agreed in the agreement for allotment for all payments by the allottee shall be the essence of the contract. Delay in payments beyond the due date will make the allottee liable to pay a delay charge of 0.1% per day on the amount of payment delayed. If the payment is delayed beyond 30 days Eureka Homes Limited shall have the right to cancel the allotment. In such an event the amount paid by the allottee will be refunded after deducting the Earnest Money.

 

Service & Utility Charges:

Connection fees/charges, security deposits & other incidental expenses relating to gas, water, sewerage and electric connections are not included in the price of apartments. These payments will be made by Eureka Home Limited directly to the authorities concerned, on the allottee’s account. The allottee will be billed proportionately on actual costs basis.

 

Change in Specification:

Limited changes in the specifications, design and/or layout of the apartments and other facilities may be made by Eureka Home Limited in larger overall interest or due to unavoidable reasons.

 

ore, if any customer desire to provide his own chosen sanitary and electrical fittings etc. in their flat instead of existing planned, in that case, Eureka Homes will reimburse the cost of original designed fittings and will install/fittings customers provided sanitary and electrical fittings with free of cost.

 

Rights of Eureka Homes Limited:

Eureka Home Limited may cancel an allotment on non-payment of installment in disregard of reminders and after final intimation to allottee by registered post at the address given in the application form.

 

Procession:

The possession of each apartment shall be duly handed over to the allottee on completion and on full payment of installments and other charges and dues and till then the possession will rest with Eureka Home Limited.

 

Allotment Transfer:

Until making the full payment, installments and other charges, the buyer shall not have the right to transfer the allotment to third party other than the buyer’s wife / husband or children without written approval of the company.

 

Transfer and Registration Cost:

The company will make registration about the deed of sale in favour of the buyer after receiving the price in full. The allottee will pay stamp duties, registration fee, documentation charges and any other taxes and expenses likely to be incurred in connection with the Deed of Agreement, Allotment, Registration, Transfer etc. Only the actual sums shall be charged.

 

 

Responsibilities of Allottee(s):

After taking over of apartment or the project, the allottee(s) must consult Eureka Home Limited prior to undertaking any structural or layout changes within the apartment complex. Failure to do so will be at the sole risk of the allottee(s).

 

Common Understanding & Incidental Cost:

The Schedule of Implementation has been methodically prepared to ensure both high quality and smooth progress of work. Construction is scheduled to be completed within scheduled time.

 

The completion period of the construction of the project can be affected by unavoidable circumstances beyond the control of allottee(s) like force majored, natural calamities, political disturbances, materials scarcity or price escalation, strikes and changes in the fiscal policy of the state etc.

 

Force Measures:

If, for any reason beyond the control of Eureka Homes Limited the implementation of the project is abandoned, Eureka Homes Limited will refund to the allottee the Earnest Money and all installments deposited within 60 (sixty) days from the announcement made to this effect. In this eventuality, the allottee will not be entitled to any claims or damage whatsoever.

 

Owner’s Association:

Maintenance of all common services and facilities after completion of the project will be done by respective woner’s cooperative society, which will be formed in due time. The allottees, after full payment of dues, will elect from among themselves a Board of Management for managing the general affairs in the common interest. Each allottee must deposit Tk 25,000 for each allotment of apartment towards the Reserve. Income of reserve fund shall be sued of maintenance and repair of common facilities of the project. Normally monthly establishment expenses including electric charge for lift, common area, water pumps etc. shall be paid proportionately fixed by the society.