BIO Properties Ltd. is the exclusive developer and builder for planning, implementing and allotment of all facilities of the project as a modern and luxurious apartment complex consisting of self contained apartment, reserved car parking, other features etc. described in details.

Application for allotment of apartments should be made on the prescribed application form duly signed by the applicant along with the booking money. BIO Properties Ltd. Has the right to accept or reject any application without assigning any reason thereto.

On acceptance of an application BIO Properties Ltd. will issue an allotment letter with specific terms and conditions to the applicant. The applicant/allottee shall then start making payments as per schedule of payment. Allotments of apartment are made on first come first served basis.

All payment of booking money, installments, additional works and other charges shall be made by Bank Draft of Pay Order or A/C payee cheque in favor of BIO Properties Ltd. For which respective receipts will be issued. Bangladeshi residing abroad may remit payments by TT or DD.

Payments of installments, car park costs and all other charges are to be made on due dates. BIO Properties Ltd. may issue reminders to the allottee but, notwithstanding the issue of reminders, the allotee must adhere to the schedule of payments to ensure timely completion of construction.

Delay in payments beyond the due date will make the allottee liable to pay a delay charge of 01% per month on the amount of payment delayed. If the payment is delayed beyond 30 days BIO Properties Ltd. shall have the right to cancel the allotment.

BIO Properties Ltd. and the allottee will be required to execute an agreement for safeguarding the interest of the allottee as well as BIO Properties Ltd.

Connection fees/charges, security deposit & other incidental expenses relating to gas, water sewerage and electric connections are not included in the price of apartments. These payments will be made by BIO Properties Ltd. directly to the authorities concerned, on the allottee’s account. The allottee will be billed proportionately on actual basis.

Limited changes in the specifications, design and/or layout of the apartments and other facilities may be made by BIO Properties Ltd. in larger overall interest or due to unavoidable reason.

BIO Properties Ltd. may cancel an allotment on non-payment of installment in disregard of reminders and after final intimation to allottee b registered post at the address given tin the application form.

The possession of each apartment shall be duly handed over to the allottee on completion and on full payment of installments and other charges and dues and till then the possession will rest with BIO Properties Ltd.

The allottee will pay stamps duties, registration fee, documentation charges, VAT and any other taxes and expenses likely to be incurred in connection with the Deed of Agreement, Allotment, Registration, Transfer etc. only the actual sums shall be charged.

After taking over of apartment of the project, the allottee(s) must consult with BIO Properties Ltd. prior to undertaking any structural of layout changes within the apartment complex. Failure to do so will be at the sole risk of the allottee(s).

The schedule of implementations has been methodically prepared to ensure both high quality and smooth progress of work. Construction is scheduled to be completed within declared months.

The completion period of the construction of the project can be affected by unavoidable circumstance beyond the control of BIO Properties Ltd. like natural calamities, political disturbances, materials scarcity of price escalation, strikes and changes in the fiscal policy of the state etc.

If for any reason beyond the control of BIO Properties Ltd. the implementation of the project is abandoned, BIO Properties Ltd. will refund to the allottee the booking money and all installments deposited within 60 (sixty) days from the announcement made of this effect. In this eventuality the allottee will not be entitled to any claims or damage whatsoever.