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** Please don't refresh the browser 03-Jul-2023 [ 15:24:57 ]
* 1
TERMS & CONDITIONS
* 2
APPLICANT DETAILS
* 3
BOOKING
* 4
PAYMENT
TERMS & CONDITIONS
GENERAL TERMS & CONDITIONS
1. Payment of booking advance towards booking a flat in HappyNest can be made
only through online process on https://www.happynest.live website
2. Booking of a flat is strictly based on realisation of booking advance by
APCRDA on a first come first serve basis.
3. Following individuals / persons are eligible to book the flat in HappyNest:
i. Indian Nationals and NRIs (sole or joint applicant)
ii. Legal Entities registered under Indian Companies Act (The person
applying on behalf of company should furnish the Board Resolution to
purchase the flat and for entering in to such deeds, acts and other
documents related to at the time of KYC)
4. Carpet Area of the flat means the net useable floor area of a flat,
excluding the area covered by external walls, areas under service shafts,
exclusive balcony or verandah area under exclusive open terrace area, but
includes the area covered by the internal partition walls of the flat
5. Saleable Area of the Flat includes - Carpet Area, balcony area, external
walls of the flat and pro-rata share of the common area of the project.
6. “Sale Consideration” amount is inclusive of Base Price of the saleable
area, Car Parking Charges, Club House Membership Charges, Preferred
Location Charges (East Facing & Floor Rise from 5th floor onwards),
Infrastructure Development Cost.
7. “Total Cost of the Flat” includes Sale Consideration and applicable taxes.
8. “Total Amount Payable” includes Total Cost of the Flat, Corpus Fund &
Maintenance Charges with applicable taxes.
9. Refer to Payment Terms for detailed pricing information.
10. It is advised that the applicant shall make himself/herself aware of the
following before proceeding for the payment.
i. Complete project details mentioned on the HappyNest website, including
the details of the area of specific flat, Sale Consideration, Total Cost of
the Flat, Total Amount Payable.
ii. Payment Milestones from booking advance till Registration of Conveyance
/ sale deed.
iii. Regular updates at https://www.happynest.live website
11. Registration Fee & Stamp Duty shall be borne by the Allottee and payable to
the registration department directly at the time of registration of
Agreement for Sale & Conveyance / Sale Deed.
12. Booking advance shall be treated as provisional only, until the ‘Agreement
for Sale’ is executed within 45 days (60 days in case NRI is a Sole
applicant / Joint applicant) from the date of payment of booking advance.
13. It is the responsibility of the provisional Allottee(s) to complete the KYC
formalities, which is a precondition for executing the ‘Agreement for
Sale’. The Applicant with provisional allotment, shall visit the APCRDA
HappyNest office in Vijayawada, to complete the KYC formalities, with all
necessary documents as required and communicated by the HappyNest CRM
(Customer Relationship Manager).
14. If any provisional Allottee(s) is(are) found to be fraudulent after booking
the flat, the booking shall be cancelled, and the entire booking advance
shall be forfeited and appropriate action shall be undertaken as per
applicable laws. The provisional Allottee after cancellation shall not have
any claim or right on the flat, whatsoever the case may be.
15. Submission of the Application Form and payment of booking advance shall not
confer any right, title, interest in the property and the booking shall
only be treated as provisional till the stage of registration of Conveyance
/ Sale deed.
16. Provisional Allottee or General Power of Attorney (registered) holder, on
behalf of provisional allottee, shall be present at the time of
Registration of ‘Agreement for Sale’ document. NRIs may execute Agreement
for sale with the help of Registered General Power of Attorney obtained
through Apostille attestation.
17. Correction required (if any) in the spelling of provisional Allottee’s name
as per his/her Aadhaar / Passport / CIN details will be permitted before
executing ‘Agreement for Sale’.
18. The flat booked by the provisional Allottee(s) shall be registered in
his/her/their/ company name only as per the details provided at the time of
booking. Name Change or Transfer of flat to other third parties is not
permitted until 85% of Total Cost of the Flat is paid. However, the flat
can only be Transferred/ registered to any eligible individual / entity
after payment of 85% of the Total Cost of the Flat but before execution of
the Conveyance / sale deed. Such transfer is accepted upon payment of
additional amount of Two Percent (2.0%) of the Sale Consideration and
applicable taxes to APCRDA.
19. APCRDA shall periodically intimate through Invoice to the Allottee(s) about
the amount payable as per Payment Terms and Allottee(s) shall make payment
of each instalment within 30 (thirty) days from the date of Invoice.
Allottees understand that timely payment of instalment is of essence and
any delay will be liable for interest.
20. In case, Allottee(s) fails to make payment for two (02) consecutive demands
made by APCRDA, despite having been issued notice in that regard the
Allottee(s) shall be liable to pay interest to APCRDA on the unpaid amount
at the rate as per prevailing SBI prime lending rate plus two percent for
the delayed period.
21. In case of Default by Allottee(s) under the condition listed above
continues for a period beyond two (02) consecutive months after the notice
from APCRDA in this regard, the APCRDA shall cancel the allotment of the
flat and refund the amount paid to APCRDA by the Allottee(s) by deducting
the booking advance and the interest liabilities for the default amount and
the Agreement for Sale shall thereupon stand terminated.
22. Allottee(s) shall have the right to cancel/withdraw his/her allotment,
provided that where the allottee(s) proposes to cancel/withdraw from the
project without any fault of APCRDA, APCRDA herein is entitled to forfeit
the full booking advance paid for the allotment. The balance amount of
money paid by the allottee shall be returned by APCRDA to the allottee
within 45 days of such cancellation without any interest.
23. APCRDA on receipt of ‘Total Amount Payable’ from the Allottee(s) specified
under the Agreement for Sale, shall execute a conveyance / sale deed and
convey the title of the Flat together with proportionate indivisible share
in the common areas and proportionate undivided share of land in favour of
Allottee.
24. The interior design including colours, textures, tiles design or any other
representations etc., mentioned in the brochure and website are for the
representation purpose only. The Applicant shall fully familiarize
himself/herself with the specifications of the Project in general and the
selected flat in particular. Change of Specifications will be at the sole
discretion of APCRDA
25. The furniture/furnishings shown in 3D Walkthrough / model flat / brochure /
website are for representational purpose only, but not part of the sale or
sale consideration or specifications of the said flat, and the same is for
enabling the Applicant to estimate and gauge the space available for
placing any such items in the flat. The actual specifications are detailed
in the Agreement for Sale to be executed subsequently.
26. APCRDA has no control on all the developments that may exist or take place
in future whatsoever, in the adjoining properties of the Project.
27. The location of the covered car park(s) will be marked after the completion
of the Project and the allotment of the specific slot for car parking shall
be intimated by APCRDA during the execution of conveyance deed, on a first
come first serve basis.
28. In case of joint applicants, both the applicants are jointly and severally
responsible for making all the payments due within the timelines. All
correspondence shall be sent to the primary applicant’s address for
communication and will be applicable to the joint allottee(s) also.
29. Allottee(s) confirm that he/she/they have understood the scheme of
development and are aware of the surrounding area and the neighbourhood of
the project site.
30. Allottee(s) is / are eligible for executing the Conveyance Deed (sale deed)
only after fulfilling all the payment milestones provided in Agreement for
Sale.
31. In the event of any dispute, difference, question arising out of or in
respect of this project or in any manner, whatsoever in connection with it,
shall be subject to the local civil courts at Vijayawada.
TERMS OF BOOKING PROCESS
1. Provisional Allotment of flat is strictly based on realisation of booking
advance by APCRDA on a first come first serve basis.
2. Payment of booking advance towards booking a flat in Happynest can be made
only through online process on https://www.happynest.live website through
Internet Banking / Debit Card / Credit Card.
3. Applicant confirms, that he/ she has read the entire project information on
the website including updates made from time to time, made his / her own
analysis and checked accuracy, adequacy, correctness, reliability and
completeness of the information provided in the website before proceeding
for payment of booking advance.
4. For facilitating online payments, payment gateway service is made available
through third party gateway, namely “CCAvenue”. The applicant understands
and agrees to the terms of use of the Payment Gateway – CCAvenue. While
best efforts are made by CCAvenue to extend optimum performance, APCRDA
shall not be responsible for issues related to CCAvenue performance,
transaction failures etc.
5. Booking advance from NRI's shall be accepted in Indian Rupees only. NRI's
can make the payment only through their Non-Resident Ordinary (NRO)
account.
6. Flat will be provisionally allocated only in case if the ‘transaction’ -
whole lifecycle of flat booking process is completed (selecting the flat
till “Success” return message from CC Avenue striking happynest website)
within stipulated time and complying with “first come first serve” policy.
A transaction comprises of the following steps in two seamless sessions
after the applicant agrees to the terms and conditions and fills his /her
details
a) “Session for flat selection” and
b) “Session for successful payment”
These steps are to be conducted by the applicant/payment gateway/bank for
successfully completing the booking process for a flat.
a) Session for flat selection- for which session time out time is 5 minutes
from its initiation:
i) Selection of flat of applicant’s choice
ii) Selecting clicking the payment button
b) Session for successful Payment- for which session timeout time is 15
minutes from its initiation:
iii) Selection of mode of payment i.e., net banking /credit card/debit card
etc., on the payment gateway
iv) deduction of booking advance money by the applicant’s bank for the
purpose of transferring the same to happynest through payment gateway
v) Receipt of confirmation by the happynest website of the successful
deduction of funds by the bank, through the payment gateway.
The steps enlisted above – 1 to 5 covered under both “Session for flat
selection “ and “Session for successful payment” are collectively defined
as “Transaction”. Any breakage/aborting/termination anywhere during the
above steps in the “Transaction”, for whatsoever reason before it is
concluded, will be treated as incomplete and unsuccessful transaction for
the purpose of provisional allotment of flat. A transaction initiated will
not be treated as successful until and unless it is concluded within
respective session time-out time and even if the money is deducted by the
bank of the applicant for such incomplete transaction, the same will get
auto reversed by the payment gateway and the applicant shall not have any
claims whatsoever for provisional allotment.
7. In case of any incomplete transaction(s) (done through domestic bank
accounts & NRO accounts), the refund shall be automatically done by the
respective payment gateway. APCRDA does not hold any liability of the
amount deducted for such incomplete transaction as well as transaction
charges (if any).
8. In case of any multiple/conflicting transactions on same flat for
whatsoever reasons, the provisional allotment will be made to the
applicant, whose transaction is concluded duly complying with the first
come first serve policy,
9. In case, where the booking advance is made and the applicant has not
received any payment acknowledgement from HappyNest, due to any reason,
whatsoever, the entire booking advance shall be refunded within 15 days
from such payment.
10. Failure of KYC process completion and execution of the Agreement for Sale
within prescribed timeline may result in cancellation of the provisional
allotment. The APCRDA reserves the right to make available the flat for
rebooking at a later date.
11. If the provisional allottee decides to cancel the booking within forty five
(45) days from the date of booking of the flat, fifty percentage (50%) of
the booking advance shall be forfeited and the remaining shall be
reimbursed by APCRDA after deducting applicable taxes / charges (if any)
within forty-five (45) days of such date of cancelation, without any
interest.
12. It is the sole responsibility of the applicant to provide correct
information during the booking process.
13. If the information furnished is found incorrect, APCRDA reserves the right
to cancel the transaction / allotment.
14. The APCRDA reserves the right to cancel the provisional allotment and
exercise legal recourse for fradulant transactions.
PAYMENT TERMS
Booking Advance:
S.No. Typical Flat Size (Saleable Area) Booking Advance per Flat 01. 1225 Sft
INR 250,000/- 02. 1295 Sft INR 250,000/- 03. 1510 Sft INR 300,000/- 04. 1590 Sft
INR 300,000/- 05. 1630 Sft INR 350,000/- 06. 1710 Sft INR 350,000/- 07. 1870 Sft
INR 400,000/- 08. 1980 Sft INR 400,000/- 09. 2120 Sft INR 500,000/- 10. 2245 Sft
INR 500,000/- 11. 2640 Sft INR 700,000/- 12. 2750 Sft INR 700,000/-
Itemised break-up of Total Amount Payable towards the Flat:
Base price INR 3,492 per Sft Car Parking * INR 200,000 per flat per car park *
Club House Membership Charges INR 175,000 per flat East Facing Preferred
Location Charges INR 50 per Sft Floor Rise Preferred Location Charges INR 20 per
Sft for each floor rise shall be applicable from 5th floor onwards
Infrastructure Development Cost INR 175 per Sft and includes Water Supply,
Electrical Works, Sewage/ Drainage Systems, internal Roads, other infrastructure
etc. Corpus Fund INR 100 per Sft (to be payable at the time of execution of
conveyance / sale deed). This amount will be deposited with Resident Welfare
Association, once it is constituted. Maintenance Charges INR 3 per Sft per month
for 24 months (to be payable at the time of execution of conveyance / sale deed)
12% GST is applicable on base price, car parking cost, PLCs (Preferred Location
Charges), club house membership charges and infrastructure development costs.
However, based on the reconciliation of accounts at the time of registration,
actual GST amount payable shall be arrived at and the difference in the GST
amount, if any, shall be adjusted in the last payment. 18% GST is applicable on
maintenance charge collected for 24 months @3 Rs per sft per month on saleable
area Registration Fee & Stamp Duty shall be borne by the Allottee and payable to
the registration department at the time of registration of Agreement for Sale &
Conveyance / Sale Deed. *Flats with saleable area of less than 1870 sq.ft shall
have one mandatory car parking and flats with saleable area of 1870 sq.ft and
above shall have two numbers of mandatory car parking. In this case the allotee
shall pay INR 400,000/- towards car parking cost for two car parks. GST is as
per prevailing rates and may vary as per government decision from time to time.
S.No. Stage of Payment % of Total Cost of the Flat 01. At the time of signing
the Agreement for Sale (booking advance is adjusted in this payment milestone)
10% 02. Upon completion of Podium Floor Slab 15% 03. Upon completion of 5th
Floor Slab 15% 04. Upon completion of 10th Floor Slab 15% 05. Upon completion of
15th Floor Slab 15% 06. Upon completion of Last Floor Slab 10% 07. Upon
completion of Finishing & Internal works of the flat 10% 08. At the time of
signing the Conveyance / sale deed 10% + Corpus Fund + Maintenance Charges with
taxes Total 100% + Corpus Fund + Maintenance Charges with taxes
TECHNICAL TERMS & CONDITIONS
1. happynest.live is the only URL/website/domain through which applicant shall
apply for booking in HappyNest project. APCRDA can not be held responsible
for transactions on any other website(s) regarding HappyNest.
2. happynest.live is best experienced on “Google Chrome” browser. It’s
performance may vary based on technical issues at applicant’s end like
“internet connectivity”, “hardware/software, browser” etc.
3. By initiating the process of flat booking on the happynest.live/
booking.happynest.live platform, the applicant agrees to all the terms and
conditions and confirms that his/her process of booking does not
automatically result in to flat allotment.
4. On this HappyNest website, the following are treated as awareness issues
from applicant end like:
a) “refreshing the url”
b) “closing/terminating/aborting the url/browser/tab”
c) “clicking on back button on browser”
d) “opening multiple sessions in same browser” etc.
The list shown above is not exclusive and session would be terminated
automatically without any retention/warning in case if any of such
action(s) mentioned above are performed from applicant side.
5. Flat will be provisionally allocated only in case if the ‘transaction’ -
whole lifecycle of flat booking process is completed (selecting the flat
till “Success” return message from CC Avenue striking happynest website)
within stipulated time and complying with “first come first serve” policy.
6. A transaction comprises of the following steps in two seamless sessions
after the applicant agrees to the terms and conditions and fills his/her
details;
a) “Session for flat selection” and;
b) “Session for successful payment”
These steps to be conducted by the applicant/payment gateway/bank for
successfully completing the booking process for a flat.
a) Session for flat selection- for which session time out time is 5 minutes
from its initiation:
i) selection of flat of applicant’s choice
i) selecting clicking the payment button
b) Session for successful Payment- for which session timeout time is 15
minutes from its initiation:
iii) selection of mode of payment i.e., net banking /credit card/debit card
etc., on the payment gateway
iv) deduction of booking advance money by the applicant’s bank for the
purpose of transferring the same to happynest through payment gateway
v) Receipt of confirmation by the happynest website of the successful
deduction of funds by the bank, through the payment gateway.
The steps enlisted above – 1 to 5 covered under both “Session for flat
selection “ and “Session for successful payment” are collectively defined
as “Transaction”. Any breakage/aborting/termination anywhere during the
above steps in the “Transaction”, for whatsoever reason before it is
concluded, will be treated as incomplete and unsuccessful transaction for
the purpose of provisional allotment of flat. A transaction initiated will
not be treated as successful until and unless it is concluded within
respective session time-out time and even if the money is deducted by the
bank of the applicant for such incomplete transaction, the same will get
auto reversed by the payment gateway and the applicant shall not have any
claims whatsoever for provisional allotment.
7. It is expected that large number of applicants may try for booking of the
flats immediately after launch, and as such more than one applicant may be
clicking on the same flat available at that moment. However, the
application will block the flat for the applicant whose response is
fastest. The speed of the applicant’s response may vary on the internet
speed, hardware and browser. The applicant shall not have any claims
whatsoever against the application and the APCRDA in this regard.
8. If in case, there are any unavoidable/unforeseen technical issues w.r.to
happynest application at the time of online flat booking, APCRDA reserves
the right to exercise any or all of such measures, including – to postpone
the activity or to take appropriate downtime/measures at any point of time
to restore the services. The applicant agrees to any circumstances arising
out of such measures, which may include - applicant dropping off from the
session, payment gateway session termination, revoking the flat allocation
confirmation to the user through website/sms/email, payment processing and
non-allocation of flat etc. The applicant will not have any claim
whatsoever against the Happynest and the APCRDA for non allotment of flat
for such technical reasons.
9. In case if the applicant enters incorrect name/details while filling the
personal details form (spelling mistakes, typo errors, manual errors etc.)
and submits a successful transaction for flat, Aadhaar number/Passport
number will be taken as the key field for verification during KYC process
and the same details as presented during KYC process will be considered for
Agreement.
10. All updates on booking, provisional allotment of flat, KYC process,
agreement to sale and all post allocation confirmation are regularly made
availabe on the www.happynest.live website.
11. Force majure conditions shall apply to the booking process.
I hereby accept all the terms and conditions mentioned above.
SUBMIT
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