Terms & Conditions 

The Applicant(s) will be allotted the residential Plot on the following broad terms and conditions, and these terms and conditions shall be comprehensively set out in the Agreement for Sale (hereinafter referred to as the “Agreement”). The following terms and conditions amongst other terms and conditions are indicative in nature, and shall always remain binding on the Applicant(s).

1. The Developer has registered the Project under the provisions of NOC Licence with the Town & Country Planning, Panchkula, Haryana having noc no. TCP-OFA/17592/2023 under the name of “Nobel Economic Township”.

2. The Developer shall be responsible to provide and maintain essential services in the Project till the taking over of the maintenance of the Project by the association of allottees or competent authority, as the case may be, upon the issuance of the occupation certificate/part thereof, part completion certificate/completion certificate of the Project, as the case may be. 

3. The Total Price includes Taxes (GST and Cess or any other taxes/fees/charges/levies etc. which may be levied, in connection with the development/construction of the Project(s)) paid/payable by the Developer up to the date of handing over the possession of the Plot for residential usage to the Applicant(s) or the competent authority, as the case may be, after obtaining the necessary approvals from competent authority for the purposes of such possession:

• Provided that, in case there is any change/modification in the taxes/charges/fees/levies etc., the subsequent amount payable by the Applicant(s) to the Developer shall be increased/ decreased based on such change/ modification:
• Provided further, if there is any increase in the taxes/charges/fees/levies etc. after the expiry of the scheduled date of completion of the Project as per registration with the Authority, which shall include the extension of registration, if any, granted to the said Project by the Authority, as per the Act, the same shall not be charged from the Applicant(s).

4. In case there are joint applicant(s), all communications shall be sent by the Developer to the first applicant only at the mailing address given by him which shall be deemed as served on all Applicant(s) and no separate communications shall be sent to the joint applicant(s). The address given in this Application Form shall be final unless any change is intimated under Registered AD letter. All demand notices, letters etc., posted at the given address shall be deemed to have been received by the Applicant(s) and the Applicant(s) shall be responsible for any default in payment and other consequences that might occur there from.

5. All payments by the Applicant(s) shall be made to the Developer through Demand Drafts/Cheques drawn upon scheduled banks in favour of “Nobel Economic Township.” In cases of dishonor of the cheque(s) comprising the Booking Amount / token advances or any other instalment due to any reason, without prejudice to any other legal right or remedy the Developer may have, the Developer may accept a fresh cheque by imposing the charges imposed by the bank and/or the Developer reserves its right to cancel the allotment and treat the Booking Amount/ token advance as forfeited, and the Developer shall be freely entitled to re-allot the Plot to any other third party.

6. All or any disputes arising out or touching upon or in relation to the terms and conditions of this Application, including the interpretation and validity of the terms thereof and the respective rights and obligations of the Parties, shall be settled amicably by mutual discussion, failing which the same shall be settled through the authority and compensation if any, to be adjudged by the adjudication officer under the Act, the rules and regulations made there under.

7. Preferential location charges as per applicable rates shall be charged by the company over and above the basic sale price if any.

8. The basic sale price includes cost of plot only. All other charges shall be paid and borne additionally by the intending allottee.

9. Maintenance, possession charges, security and other auxiliary charges as may be imposed by the promoter and developer. the intending allottee in addition to the basic sale price of the residential plot.