Terms & Condition

General

All residents of Pakistan and Overseas Pakistanis are eligible to apply for the booking/transfer of property.
This Booking Form can only be used for booking/transfer in the name of the Applicant/transferee.
The Original Form must be attached along with other required documents.
Only ONE property can be booked/transferred against ONE form.

Payment Details

All payments shall be made via Pay order/Bank Draft/Cheque, according to the category & size of the property, as per the schedule of the payments in favor of “Musarrat Garden” at their designated offices.
Installment received after due date from the allottee/applicants will only be accepted with surcharge@ 1.5% per month. In case, If any allottee fails to pay 2 successive installments within the prescribed period, the allotment is liable to be cancelled without notice. In the event of cancellation of the property, the submitted payment will be refunded with 25% deduction and surcharges without any profit, interest or markup; however, the Registration/Processing/ Membership fee already paid is non-refundable.
No applicant shall be entitled to claim or receive any interest/mark up against the amounts paid.
The discount, if any, formally announced by the management will be made available to the relevant applicant and accordingly adjusted in the last Installment of dues against the allotted property.

Property Details

One Booking Form can be used for seeking allotment of one property.
A property once allotted or transferred cannot be surrendered or applied for cancellation by the applicant and all amount paid on account thereof shall be NON REFUNDABLE. However, in case the property is cancelled on details specified in Para # 6, or any reason whatsoever, then the submitted payment will be refunded after 25% deduction on the paid amount without any profit, interest or markup, however the Registration/Processing/Membership Fee already paid is non-refundable.
A property allotted to an applicant shall not be used by the allottee for any purpose other then that applied or meant for.
Only pre-approved elevation for a given property will be constructed on the plots. No further construction or modification to any constructions can be done without the prior approval of the management.
Notwithstanding the balloting, the exact size and location of the property will remain tentative and subject to adjustment in accordance with demarcation/measurement of the property at the time of handing over the possession.
In case of extra area (over and above the allotted area) with any property, proportionate extra amount will be charged in addition to the total amount.
Transfer of allotted/transferred property shall be allowed only after the receipt of updated payment & “No demand Certificate”.
All charges shall be borne by the allottee/transferee. The seller and purchaser are required to be present Infront of the transfer officer.
Before Transfer of property, first allottee will be bound to clear all payable due amount till date.
All Registration and Mutation charges shall be borne by the allottee/transferee along with any other government taxes in vogue.
The management reserves the right to allot, sell a property cancelled from the name of the allottee/transferee due to nonpayment of dues, or any reason what so ever, to any other applicant or person and the ex-allottee/transferee shall have no right to such a property. The management’s decision in this regard shall be final.
Development charges include developments of roads, footpaths, main water & sewerage of society, but does not include the cost of utilities. Provision of utilities & service charges shall be obtained later.
Any additional charges (if imposed) shall be payable as determined by the management from time to time.
In case the management by virtue of any reason, fails to allot a property, the applicant shall not make any claim of damage, compensation or interest.
In case of any dispute, will be referred to arbitration by the authorized officer of the project, whose decision shall be final and binding on the parties to the dispute.
Every applicant will abide by these Terms and Conditions in addition to the bye-laws, rules and regulations governing allotment, possession, ownership, construction and transfer of property, enforced from time to time by the management and any other Authority/ Department competent to do so, in accordance with applicable laws.