Booking Process

 

Booking Process consists of the following few simple steps

 

1.

Initial Booking: 10% advance is to be paid towards initial booking. A letter of allotment with a priority number will be emailed as soon as funds are credited.

2.

Within a maximum of 60 days from the initial booking next installment of 10% of payment becomes due. Upon receiving the payment, an “Agreement of Sale” will be drafted.

3.

Once HUDA approval is received and upon receiving the balance payment, apartment will be registered in your name. Midas Touch can help with the process of arranging a bank loan. Typically, bank loan caters to all balance payments barring the initial 20% deposit.

4.

Balance payments can be made as per the schedule below.

5.

Payment towards land cost will be charged upon receiving HUDA approval for the project.

6.

Registration of the land and semi-finished structure will take place as soon as the building structure is ready.

 

Payment Schedule

 

 

Payment %

Comment

Booking

10%

Letter of Allotment with a Priority Number

Agreement of Sale
(Max 2 months from booking)

10%

Agreement of Sale (Land and Construction)

Registration upon HUDA approval

30% 

Registration of Apartment

Upon completion of the slab

20% 

Approx. 3 months from HUDA approval

Upon completion of walls

10% 

Approx. 3 months from completion of the structure

Upon completion of flooring

10% 

Apprpx. 3 months from completion of walls

Upon completion of painting

5% 

Approx. 6 months from plastering

Hand-Over

5% 

Approx. 6 months from flooring. In addition to
Apartment Payment, Other Extra Charges will
be due at the time of handover

Total

100 %

 

 

 

 

© 2007 Midas Touch World. All Rights Reserverd.

BitraNet.Pvt.Ltd.,