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Page 12 - Customer Manual01
P. 12


                                                                                                                                       STAGES IN YOUR                           YOUR                          WHY THIS IS
                                                                                                                                         HOME BUYING                      RESPONSIBILITY                       IMPORTANT

                                                                                                                                     Completion of time               1) Ensure payment of              Timely completion of
                                                                                                                                     bound payments                       these milestones as           payments is important as
                                                                                                                                                                          per due date                  delays will result in
                                                                                                                                                                                                        interest charges
                                                                                                                                                                      2) Simultaneous payment
                                                                                                                                                                          of taxes as applicable

                                                                                                                                     Registration of                  1) Make payments of               Timely registration is
                                                                                                                                     agreement for sale (at               stamp duty and other          important and
                                                                                                                                     10% payment as                       charges                       compulsory for timely
                                                                                                                                     mandated by RERA)                                                  subsequent payments /
                                                                                                                                                                      2) Be present at registrar        bank disbursement
                                                                                                                                                                          office with relevant          beyond 10%.

                                                                                                                                     Bank disbursement                1) Complete paper work            1st disbursement from
                                                                                                                                     (if applicable)                      with bank.                    bank requires the
                                                                                                                                                                                                        maximum coordination
                                                                                                                                                                      2) Submit sanction                between you and your
                                                                                                                                                                          letter to Runwal              bank to ensure payment
                                                                                                                                                                          Group prior to                by due date.

                                                                                                                                                                      3) Disbursal to Runwal
                                                                                                                                                                          Group by due date to
                                                                                                                                                                          avoid interest/
                                                                                                                                                                          cancellation due to
                                                                                                                                                                          late payment.

                                                                                                                                     Construction-linked              1) Ensure demand                  Timely completion of
                                                                                                                                     payments                             letter submission to          these payments is
                                                                                                                                                                          bank.                         important to avoid any
                                                                                                                                                                                                        interest charges/
                                                                                                                                                                      2) Ensure follow-up
                                                                                                                                                                                                        cancellation due to late
                                                                                                                                                                      3) Disbursal from bank            payment.
                                                                                                                                                                          by due date.
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