Investing in real estate, particularly in tourism, offers a smart and secure opportunity for growth. Bhaiya Hotels & Resorts Ltd. commends your courage in considering investment.
Invest & Build Your Own Hotel
Terms Conditions
Booking: After selecting an ownership slot of a suite the prescribed booking from should be duly filled up and signed by the applicant along with the booking money and other required documents like 4 copies of photo & NID Card/Passport copies which will be received by authorized person of HOTELS & RESORTS and this sale shall be approved accordingly. However, the company reserves the right to disapprove any sale application for not fulfilling the appropriate information or for any other reasons.
Allotment: Allotment shall be made on “First come first serve” basis on receipt of the booking money along with application from on acceptance of a booking application and realization at least 30% down payment of the total price the allottee would be issued a provisional allotment agreement.
Schedule of Payment: An amount of BDT. 100,000 (One Lac) for each ownership is payable and down payment is 20% of total saleable price which shall be made within 30 days from the booking date. For installments, rest of the amount shall be divided equally with the number of installments as monthly payable. Installment shall be paid exactly after one month from the date of booking/ Allottee (s) shall be liable to pay 3% per month charges for total amount on delaying any payable amount mentioned above schedule. Company may cancel the booking/allotment/Sale for delaying in down payments realization if exceeds 60 (sixty) days from the date of booking. If any payment is not paid by above mentioned schedule then the total discounted amount will be added with the agreed saleable price.
Mode of Payment: All payment of booking money, full price, down payment, installments, registration fees and any other charges shall be made by account payee Cheque/Bank draft or Pay Order in favor of HOTELS & RESORTS non-residence Bangladeshi may remit by TT or DD or directly through bank in the name of HOTELS & RESORTS.
Cancellation of Allotment: In case of non-payment of total price (for full payment sale) and down payment within previously mentioned time or non-payment of installments for 60 (Sixty) days company shall have the absolute right to cancel the allotment. In such event, the amount paid by the allottee shall refund 80% of total deposited amount and additionally BDT. 10,000.00 (Ten Thousand Only) will be deducted as cancellation proceeding fee for each ownership slot after 182 days of successfully reselling the ownership. Cancellation by allottee shall have the same procedure for refund.
Sale Rights: Bhaiya Hotels & Resorts Ltd. Reserves full right to sale suite ownership slot.
Company’s Right: The company reserves the right to make any changes/modification on the above Terms & Conditions and layout plan or condition of the project if those become absolutely necessary or for any kind of government policy.
