Terms And Conditions
1. INTRODUCTION
—————
These Terms and Conditions (“Terms”) govern all transactions, agreements,
bookings, and dealings between Monarch Buildestate Pvt Ltd (hereinafter
referred to as “the Company,” “we,” “us,” or “our”) and any individual,
entity, or party (hereinafter referred to as “Buyer,” “Client,” or “you”)
seeking to purchase, book, or inquire about residential plots, lands, or
developed properties offered by the Company.
By proceeding with any transaction, signing any agreement, or making any
payment to Monarch Buildestate Pvt Ltd, you acknowledge that you have read,
understood, and agree to be bound by these Terms and all applicable laws
of India.
2. COMPANY INFORMATION
———————–
Legal Name : Monarch Buildestate Pvt Ltd
Registered Office : B-5, Murlidhar Vyas Colony, Near Fire Brigade,
Bikaner, Rajasthan, India – 334003
Nature of Business: Real Estate Development and Sale of Residential Plots,
Lands, and Developed Properties
Jurisdiction : Bikaner, Rajasthan, India
3. SCOPE OF SERVICES
———————
Monarch Buildestate Pvt Ltd is engaged in the business of developing,
marketing, and selling the following categories of properties:
– Residential plots and plotted developments
– Agricultural and non-agricultural lands
– Developed residential properties and layouts
All properties offered by the Company are located within Bikaner, Rajasthan,
and surrounding regions, unless explicitly stated otherwise in the relevant
project documentation.
4. BOOKING AND ALLOTMENT
————————–
4.1 Booking Process
To book a plot or property, the Buyer must submit a duly filled Booking
Application Form along with the required booking amount as specified by the
Company at the time of booking. A booking shall be confirmed only upon
receipt of the booking amount and acceptance by the Company.
4.2 Allotment Letter
Upon confirmation of the booking and receipt of the initial payment, the
Company shall issue an Allotment Letter to the Buyer. The Allotment Letter
shall specify the plot/property number, area, location, total price, and
payment schedule.
4.3 Agreement to Sell
An Agreement to Sell shall be executed between the Company and the Buyer
upon receipt of the agreed advance amount as stipulated in the payment plan.
This agreement shall govern all terms specific to the individual transaction.
4.4 Sale Deed
The Sale Deed shall be executed and registered at the Sub-Registrar’s
Office, Bikaner, after the Buyer has made full and final payment of the
total consideration amount along with applicable stamp duty, registration
charges, and any other dues.
5. PAYMENT TERMS
—————–
5.1 Payment Modes
The Company accepts payment through the following modes:
– Full and final payment at the time of booking (eligible for applicable
discount as per project terms)
– Installment / EMI plan as per the payment schedule defined in the
Allotment Letter or Agreement to Sell
5.2 Payment Schedule
The payment schedule shall be clearly stated in the Allotment Letter and
the Agreement to Sell. The Buyer agrees to adhere strictly to the payment
schedule. Failure to make timely payments may attract penalties as specified
in Clause 5.3.
5.3 Late Payment Charges
In the event of delay in payment beyond the due date, the Buyer shall be
liable to pay a late payment charge at a rate of 12% (twelve percent) per
annum on the outstanding amount, calculated from the due date until the
date of actual payment. The Company reserves the right to revise this rate
with prior notice.
5.4 Payment Receipts
All payments made by the Buyer shall be acknowledged by an official receipt
issued by the Company. Buyers are advised to retain all receipts as proof
of payment. Payments made in cash must be supported by official company
receipts to be considered valid.
5.5 Taxes and Additional Charges
The sale price of the property is exclusive of applicable government taxes
(including GST), stamp duty, registration charges, development charges,
maintenance deposits, and any other statutory levies. All such charges
shall be borne entirely by the Buyer.
6. CANCELLATION AND REFUND POLICY
———————————–
Monarch Buildestate Pvt Ltd evaluates each cancellation request on a
case-by-case basis. The following general guidelines apply:
6.1 Cancellation by the Buyer
1. Any request for cancellation must be submitted in writing to the
Company’s registered office. Verbal requests shall not be entertained.
2. Each cancellation request will be reviewed individually, taking into
account the stage of the transaction, payments made, applicable
deductions, and prevailing project conditions.
3. The Company reserves the right to deduct administrative charges,
cancellation fees, brokerage costs, and any other incidental charges
from the amount paid before processing a refund.
4. The refund amount and timeline, if any, will be communicated to the
Buyer in writing following review.
5. No refund shall be processed where the Buyer has defaulted on payments
and the Company has exercised its right to cancel the allotment due
to non-payment.
6.2 Cancellation by the Company
The Company reserves the right to cancel an allotment in the following
circumstances:
– Misrepresentation or submission of false documents by the Buyer
– Continuous default in payment beyond 90 (ninety) days after due date
– Breach of any terms of this agreement or the Agreement to Sell
– Any legal or regulatory restriction preventing completion of the
transaction
In the event of cancellation by the Company for reasons not attributable
to the Buyer, the Company shall refund the amount paid by the Buyer without
interest, after deducting applicable administrative charges.
7. TITLE, POSSESSION, AND DELIVERY
————————————
7.1 Clear Title
The Company warrants that it has clear and marketable title to all
properties offered for sale, free from all encumbrances, charges, liens,
or disputes as on the date of allotment, unless otherwise disclosed
in writing.
7.2 Possession
Possession of the plot or property shall be handed over to the Buyer only
after full payment of the total sale consideration, along with applicable
taxes, charges, and any dues. The Company shall issue a Possession Letter
at the time of handover.
7.3 Delay in Possession
While the Company endeavors to deliver possession within the timeframe
specified in the project documents, any delay caused by force majeure
events, government regulations, natural disasters, or circumstances beyond
the Company’s reasonable control shall not render the Company liable for
compensation.
8. OBLIGATIONS OF THE BUYER
—————————–
The Buyer agrees to:
– Provide true, accurate, and complete personal information and KYC
documents as required by the Company
– Adhere to the payment schedule as agreed in the Allotment Letter or
Agreement to Sell
– Not use the purchased property for any illegal, unlawful, or prohibited
purpose
– Not transfer, assign, or sell the plot or property without prior
written consent of the Company until the Sale Deed is executed
– Pay all applicable taxes, statutory charges, and dues on time
– Comply with all local municipal, panchayat, and government regulations
pertaining to the use and development of the property
9. DOCUMENTATION REQUIREMENTS
——————————-
The Buyer shall provide the following documents at the time of booking and
as required during the transaction process:
– Proof of Identity: Aadhaar Card, PAN Card, Passport, or Voter ID
– Proof of Address: Utility Bill, Aadhaar Card, or any government-issued
address proof
– Passport-size photographs (as required)
– PAN Card (mandatory for transactions above INR 50,000)
– Any other documents as specified by the Company or required under
applicable law
10. REPRESENTATIONS AND WARRANTIES
————————————
The Company represents and warrants that:
– All information provided in project brochures, advertisements, and
documents is accurate to the best of its knowledge at the time of
publication
– Properties are free from encumbrances as disclosed
– The Company holds necessary approvals and permissions for the projects
offered for sale
The Buyer represents and warrants that:
– All information and documents provided are genuine and accurate
– The Buyer has the legal capacity and authority to enter into this
transaction
– Funds used for purchase are from legitimate and lawful sources
11. LIMITATION OF LIABILITY
—————————–
To the maximum extent permitted by applicable law, the Company shall not
be liable for:
– Any indirect, incidental, consequential, or special damages arising
out of or in connection with the transaction
– Loss of profits, business opportunities, or goodwill
– Delays or failures caused by circumstances beyond the Company’s
reasonable control
The Company’s total liability in any matter shall not exceed the total
amount actually paid by the Buyer to the Company for the specific property
in question.
12. DISPUTE RESOLUTION
———————–
12.1 Amicable Resolution
In the event of any dispute, difference, or claim arising out of or in
connection with these Terms or any transaction hereunder, the parties shall
first attempt to resolve the matter amicably through mutual discussion
within 30 (thirty) days of the dispute being raised in writing.
12.2 Jurisdiction
If the dispute is not resolved amicably within the stipulated period, it
shall be subject to the exclusive jurisdiction of the courts of Bikaner,
Rajasthan, India. By entering into any transaction with the Company, the
Buyer expressly agrees to submit to the jurisdiction of the courts at
Bikaner for all matters arising from or related to the transaction.
12.3 Governing Law
These Terms and all transactions governed by them shall be construed and
interpreted in accordance with the laws of India.
13. FORCE MAJEURE
——————
The Company shall not be held responsible for any delay, non-performance,
or failure to fulfill obligations arising due to circumstances beyond its
reasonable control, including but not limited to acts of God, natural
disasters, floods, earthquakes, epidemics, war, riots, government actions,
court orders, regulatory restrictions, or any other event of force majeure.
In such events, the Company shall notify the Buyer at the earliest
opportunity.
14. PRIVACY AND DATA PROTECTION
———————————
The Company collects, stores, and processes personal information provided
by Buyers solely for the purpose of completing real estate transactions and
providing related services. The Company shall not sell or share personal
data with third parties, except as required by law or for the purpose of
completing the transaction (such as legal, banking, or registration
requirements). By transacting with the Company, the Buyer consents to such
use of their personal information.
15. AMENDMENTS TO TERMS
————————-
Monarch Buildestate Pvt Ltd reserves the right to amend, modify, or update
these Terms and Conditions at any time. Any changes shall be communicated
to existing Buyers in writing or through notice at the Company’s registered
office. Continued engagement with the Company following such notice shall
constitute acceptance of the revised Terms.
16. SEVERABILITY
—————–
If any provision of these Terms is found to be invalid, unlawful, or
unenforceable by a court of competent jurisdiction, such provision shall
be severed from the remaining Terms, which shall continue to be valid and
enforceable to the fullest extent permitted by law.
17. ENTIRE AGREEMENT
———————
These Terms, together with the Booking Application Form, Allotment Letter,
Agreement to Sell, and Sale Deed (as applicable), constitute the entire
agreement between the Company and the Buyer with respect to the subject
matter hereof. Any prior representations, negotiations, or understandings
not incorporated herein shall have no legal effect.
18. CONTACT INFORMATION
————————
For any queries, concerns, or communications relating to these Terms and
Conditions, please contact:
Monarch Buildestate Pvt Ltd
B-5, Murlidhar Vyas Colony, Near Fire Brigade,
Bikaner, Rajasthan, India – 334003
================================================================================
By transacting with Monarch Buildestate Pvt Ltd, you confirm that you have
read, understood, and agree to be bound by these Terms and Conditions.
Monarch Buildestate Pvt Ltd | Bikaner, Rajasthan, India
© 2025 All Rights Reserved.
================================================================================