Noahark Rainbow, Near Collectorate, Kottayam

Customization

Many Choices

A detailed evaluation of the convenience and feasibility of providing the amenities in your apartment is carried out by architects, engineers and electrical, civil and sanitary contractors. They are designed for maximum utility and convenience. You may still wish to modify designs or to install additional equipment and fittings. The following information will be useful when you are placing requests for extra works:

Make Timely Choices

It is our objective to deliver the project on schedule. This objective can be met only if we plan all items of work well in advance. We request your co-operation in finalising the requirements for your flat early to enable us to proceed speedily with the work. Subject to feasibility, the following is a summary of the jobs which can normally be accepted:

Electricals

Energising all dummy points
Providing extra electrical points at different levels and positions.
Shifting electrical points
Provision for Air Conditioners

Plumbing

Providing additional inlet and outlet(wall or floor drain) for washing machine.
Providing inlet for aqua guard.
Providing inlet and outlet for dish washer.
Providing inlet for health faucets.
Providing flush tank in servants toilet. Providing bath-tubs, (as per feasibility and item supplied by client).
Providing hand/telephonic showers in toilets.
Providing hot and cold water connections to wash basins.
Change of sanitary wares, like wash basins and EWC's.
Change of tiles in toilets.
Providing marble/granite sinks in work area.
Providing tiles in work area. Extra height of tiles on the walls.
Providing kitchen sinks of any size in the kitchen (subject to feasibility).
Providing swan neck or swivel type taps for kitchen sink.
Providing full pedestals or half pedestals for wash basins.
Providing aluminium sliding partitions for shower area in toilets.
Providing shower curtain rods in toilets.
Providing paper holders in toilet.

Civil Work

Demolishing walls to combine rooms.
Converting toilets to a utility room.
Converting toilets to dress area (False ceilings are provided for rooms below a toilet).
Combining bedroom balconies by demolishing the partition wall. Providing extra counters.
Extending kitchen counters by avoiding the store room.
Air Conditioner frames with grills and glasses.
Change of flooring.
Converting store room to puja room.
Providing cornices.
Providing wash basin counters in toilets (subject to feasibility).
Providing raised ridges in shower areas.
Providing a gap for a cooking range in kitchen counter.

Carpentry

Providing aluminium French windows in living.
Providing wardrobes & shutters in kitchen as per our standard specifications.
Providing shutters for lofts as per our specifications.
Providing mirrors on wardrobe shutters or above wash basins.
Providing showcases in living/dining.
Providing AC frames with grill and glass.
Fixing towel rods, towel rings and toilet cabinets.

Customising Limitations

We regret that changes that affect the elevation, structure, or plumbing systems of the building cannot be carried out. Any changes that encroach into common areas and setbacks of the building, or infringe Corporation rules and regulations are also not feasible. Requests for additional ceiling points, fan points, or power points can be incorporated only if such requests are received before casting the roof of the apartment, since the necessary pipe lines have to be laid in the slab linking the points to the Distribution Board. Requests for the deletion of walls, lofts and counters, or for the provision of wall outlets for plumbing or electrical lines can be incorporated only if such requests are received before the commencement of brickwork and plastering in the apartment. Changes in plumbing, electrical and civil works cannot be accepted after plastering, since chipping plastering, laying pipes and subsequent refinishing leaves unsightly undulations on walls. However, at this stage, if flooring has not been laid, extra T.V and telephone points at the skirting level can be accepted. The location of beams, or dropped slabs, may reduce the internal height of lofts over doors and windows. Lofts can be provided only if they have a minimum 30 cm internal height, which permits plastering. For ceramic tile flooring, we can indicate the required quantities and provide a rebate if the client wishes to supply the tiles. We do not undertake marble flooring, since it generates many problems regarding colour, grains, fissures and stains. European water closets cannot be converted into Indian water closets. We offer a standard paint colour for interiors, which is designed to match the colours of doors and windows, grills and common areas. These paints are mixed as a single batch for a project. Alternate colours, if specified, may sometimes not be available in the market, delaying a project. Paint colours also tend to vary with each consignment making it difficult to match colours for subsequent repairs and touching up. As such, we do not accept a change from the standard colour. We choose reliable makes of sanitary ware and CP fittings for a project. Water, sewage and waste water lines are laid to match the inlets and outlets of these makes of sanitary ware and CP fittings, which are provided in the sample flat. If we are intimated of your requirements before the plastering stage, alternate makes and types of sanitary wares can be installed. Changes are not accepted subsequently. The make of sanitary wares provided in the sample flat can be provided in alternate colours. Changes are not accepted for CP fittings, since such changes cause alignment problems. Frames with grills and glass for window air-conditioners can be provided at any time, so long as the external appearance of the building is not altered.

NRI AREA

FEMA

All investments in immovable properties by overseas individual are governed by FEMA Act. The rules and laws for investments are governed by the circular issued by the Reserve Bank of India on the 1st of July every year with a sunset clause of one year and would stand withdrawn on 30th June every year.

Non Resident Indian (NRI )

Non Resident Indians has been defined as a person resident outside India who is a citizen of India in terms of Regulation 2 Fema Notification No.13 dated May 3, 2000 NRI means a person resident outside India who is a citizen of India.

Person Resident in India

Person of Indian origin means a citizen of any country other than Bangladesh or Pakistan , Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan if
a :At any time held Indian passport or
b :Either of his parents or any of his grand parents was a citizen of Indian by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955).

Acquisition of Immovable Property by NRIs/PIOs

Under the general permission to NRIs/PIOs holding foreign passport, the Reserve Bank of India has allowed them to acquire, hold, transfer or dispose off by way of sale or inheritance, immovable properties situated in India.
NRIs/PIOs who have purchased residential/commercial properties under the general permission are not required to file any documents with the Reserve Bank of India.
Consequent on the liberalisation in Exchange Control policy and procedures, the government has brought about major legislative and policy changes to encourage NRI investments in real estate. As per the liberalised policy, transactions permitted without permission of Reserve Bank of India are tabulated hereunder.

Acquisition

NRI
Type of Property Acquired from
Any immovable property other than agricultural land or plantation or farm house Anyone including those residents outside India

PIO
Type of Property Acquired from Mode Condition
Any immovable property other than agricultural land or plantation or farm house Anyone Purchase To be met out of funds received in India by inward remittance by normal banking channels or by Debit NRE/FCNR (b)/NRO Account
Any immovable property other than agricultural land or plantation or farm house NRI / PIO / Resident from India Gift -
Any immovable property other than agricultural land or plantation or farm house NRI / Resident from India Inheritance The property was acquired in accordance with the foreign exchange laws at the time of acquisition or from a resident in India

Sales / Transfer of immovable property by NRIs / PIOs

As per the liberalised policy, transactions permitted without permission of Reserve Bank of India are tabulated hereunder

NRI
Type of Property Mode Transferred to
Any property Sale/Transfer/Gift Resident in India
Any property other than agricultural land/plantation/farmhouse Sale/Transfer/Gift NRI / PIO
Any immovable property other than agricultural land or plantation or farm house Inheritance The property was acquired in accordance with the foreign exchange laws at the time of acquisition or from a resident in India

PIO
Type of Property Mode Transferred to
Any property other than agricultural land / plantation/farmhouse Sale Resident in India
Agricultural land / farmhouse /
plantation property in India
Gift / Sale Resident in India who is a citizen of India
Any residential / commercial property in India Gift NRI / PIO or Resident

Permission to let out Immovable Property

The Reserve Bank of India has also granted general permission to Non-Resident Indian citizens and foreign citizens of Indian origin, to let out their residential properties acquired for their bonafide residential purpose but which on account of their residence abroad, are not required for their immediate residential purpose. The rental income being the current account transaction is freely repatriable outside India

Remittance of Assets and Repatriation

Remittance of Assets. Upto USD 1 million per calendar year is permitted to be remitted out of the following assets by NRIs / PIOs / foreign nationals including retired , employed and Non resident widows of Indian citizens on production of an undertaking cum certificate in the format prescribed by CBDT (Circular 10 of 2002 dated 9.10.2002).

Repatriation of sale proceeds of immovable property

A, Immovable property acquired by way of purchase

a: A person referred to in sub-section (5) of Section 6 of the Foreign Exchange Management Act 3, or his successor shall not, except with the prior permission of the Reserve Bank, repatriate outside India the sale proceeds of any immovable property referred to in that sub-section.

b: In the event of sale of immovable property other than agricultural land / farm house / plantation property in India by a person resident outside India who is a citizen of India or a person of Indian origin, the Authorised Dealer may allow repatriation of the sale proceeds outside India, provided the following conditions are satisfied, namely:

i: immovable property was acquired by the seller in accordance with the provisions of the foreign exchange law in force at the time of acquisition by him or the provisions of these Regulations;

ii: the amount to be repatriated does not exceed a, The amount paid for acquisition of the immovable property in foreign exchange received through normal banking channels,

b: The amount paid out of funds held in Foreign Currency Non-Resident Account, or

c: The foreign currency equivalent (as on the date of payment) of the amount paid where such payment was made from the funds held in Non-Resident External account for acquisition of the property; and

d: Such repatriation is restricted to two properties

B: Immovable property acquired by way of inheritance/ legacy/ out of Rupee funds

A Non-Resident Indian (NRI) / Person of Indian Origin (PIO) may remit an amount, not exceeding US $ 1,000,000 (US Dollar One million only) per financial year out of the balances held in NRO accounts / sale proceeds of assets by way of purchase / the assets in India acquired by him by way of inheritance / legacy/ out of Rupee funds. This is subject to production of documentary evidence in support of acquisition, inheritance or legacy of assets by the remitter, and a tax clearance / no objection certificate from the Income Tax Authority for the remittance. Remittances exceeding US $ 1,000,000 (US Dollar One million only) in any financial year requires prior permission of the Reserve Bank.

Refund of application/earnest money/purchase consideration made by the house building agencies /seller on account of non-allotment of flat / plot /cancellation of bookings / deals for purchase of residential / commercial property, together with interest, if any (net of income tax payable thereon) may be allowed by the Authorised Dealers by way of credit to NRE/FCNR (B) account, provided the original payment was made out of NRE / FCNR (B) account of the account holder or remittance from outside India through normal banking channels and the Authorised Dealer is satisfied about the bonafides of the transaction.

Disclaimer

Every effort has been made to avoid errors or omissions. Please inform us of any mistake, error or discrepancy. Being matters of vital importance, the reader is requested to cross-check all material at this website with original Government publications or notifications. Please seek professional advice before acting on any information contained herein. The responsibility for obtaining clearances and permissions from the Reserve Bank of India and / or other statutory authority with respect to the provisions of the above mentioned Act or any other applicable laws rests with you. Noahark Propertiez Pvt Ltd., expressly disclaim liability to any person, in respect of anything or the consequences of anything done or omitted to be done by any person on the basis of the contents of this website.

LOAN AFFILIATION

MUTUAL RIGHTS AND OBLIGATIONS

We thank you for considering the decision to buy an Noahark Propertiez. We believe that our customers make this decision because they value excellence and integrity. This shared sense of values gave us the best possible clients, who enabled Noahark Propertiez to build a proud record of contributing to the quality of urban life. We welcome you to become a part of that tradition which is built on trust, with mutual respect for each other's rights and obligations.
The following pages give a brief outline of the terms and conditions governing your interactions with a builder, which will help us to interact with confidence and dignity. We hope the information will be useful for you and will enable you to make wise decisions about the many aspects of owning a beautiful and convenient home.

DOCUMENTATION

There are four principal documents, which includes The Builder / Client Agreement for your apartment, namely :

  1. An Allotment letter stating the details of the undivided share of land for holding your Apartment and Car Park Slot, Apartment Number, Built Area of the Apartment, common area, etc., alongwith the contract value with a Payment Schedule. The contract value for your apartment covers the cost of the undivided share in land and the cost of construction of the apartment and the Car Parking Slot;
  2. A Land Agreement between you and the Builder setting out the terms and conditions to be complied with in order to get the undivided share in the land proportionate to the apartment and car park slot being constructed to be registered in your name;
  3. A Construction Agreement between you and the Builder, setting out the terms and conditions to be complied with and the list of mutual obligations for constructing your apartment.
  4. A registered Sale Deed by which the undivided share of land and the Apartment constructed is transferred in your name. This deed will be registered just before handing over, after full payment has been received.

The BUILDER / CLIENT AGREEMENT

Investment in an apartment is a major commitment. It is important for you to know your rights and obligations when you take this step. The following is a brief summary:

  1. The smooth and satisfactory completion of your flat will be facilitated considerably through prompt instalment and tax payments. Interest at 9% will be charged on all arrears of payments.
  2. The built area of the apartment includes a share of the common areas in the building. The boundaries of your apartment extend to one half part in depth of the joints between the ceilings and the floors above and below and to one half part of the width of internal and external walls.
  3. Noahark (Noahark Propertiez Pvt. Ltd.) has the right to add further constructions, or to make minor alterations to dimensions and details, within the bounds of public rules and while respecting the rights of the clients. The client shall not put up any constructions other than those described in the agreement.
  4. The building is being built as per Sanctioned Plans. You are permitted to inspect the title deeds for the land on which the building is constructed at all reasonable time and on prior appointment with the Builder at their Office.
  5. If the sale deed is registered before the full amount is paid, the sale deed will be retained by Noahark as collateral security till the full and final settlement of accounts.
  6. You must give due notice to Noahark if you assign your rights to the apartment to a third party. In this case, you are liable to pay an assignment fee, not exceeding Rs.75/- per sft. of built space as determined by the Builder from time to time.
  7. The residential apartments are not to be utilized for any commercial purposes.
  8. In case of non-performance of the client in making payment, Noahark has the right to cancel the allotment and to allot the apartment to a third party. Noahark will refund the amount to the client after realizing funds through sale of the said apartment to a third party. The amount paid will be refunded without interest, after deducting 5% of the construction contract value.
  9. Maintenance deposit and maintenance charges is collected by Noahark. The building will be maintained by Noahark, on behalf of the owners, for a period of six months after handing over the first apartment. Subsequently, the maintenance deposit collected from the clients will be handed over by the Builder to the Owner's Association, after deducting any amount for expenses incurred.
  10. The terms and conditions stated will form the nucleus of the agreement to be executed by you with regard to the apartment.

REGISTRATION

Irrespective of the value shown in the document, the Sub-Registrar will determine the market value of the property to determine the stamp duty for registration.

FORCE MAJEURE

Delivery dates indicated are subject to Force Majeure conditions and other unforeseen conditions including adverse market conditions affecting the construction industry. As a reputed Builder, Noahark Propertiez Pvt Ltd is committed to delivery. While every effort is made to obtain electrical, sanitary and water connections within the stipulated delivery dates, the builder does not accept responsibility for delays beyond their control. Any expenses incurred for providing temporary supplies for the occupation of the premises shall be met by the Client. Delay in sanctions or clearances from Governmental or statutory authorities shall not be construed as delay.

WITHDRAWAL, ASSIGNMENT OR CANCELLATION

We wish that our clients remain with us till the completion of their homes. However, due to personal reasons, a client may wish to assign the apartment to a third party before completion, or to withdraw from the project. Noahark Propertiez Pvt Ltd also reserve the right to cancel the allotment if payments are delayed beyond the dates indicated in the schedule of payments. Such withdrawal, assignment or cancellation causes serious inconveniences, with expenses incurred in accounting, documentation and extra works.
When a client assigns his right to a third party, the assignment should be in writing and the client must pay an assignment fee, not exceeding Rs. 75 per Sqft., to be determined by the Builder from time to time.
In the event of withdrawal or cancellation, the apartment will be re-allotted. Only after re-allotment to a third party, the amounts paid will be refunded without interest, after deducting two percent of the construction contract value. Refunds shall be remitted only in Indian Rupees.