TERMS & CONDITIONS
KW BLUE PEARL – Karol Bagh, New Delhi
Developed by: KW Group
RERA Registration No.: DLRERA2018P0008
Corporate Office: B-97, Sector 63, Noida, Uttar Pradesh 201301
Project Site: B-2/9, Karol Bagh, Plot Number 2, DB Gupta Road, Ashok Nagar, Near Faiz Chowk, New Delhi 110005
These Terms and Conditions form an integral part of the application/booking for a commercial unit in KW Blue Pearl, Karol Bagh, developed by KW Group. The following clauses define the understanding between the Applicant and the Developer. These terms shall be read along with the Agreement for Sale/Builder–Buyer Agreement executed between both parties.
1. Definitions
In this document: ‘Agreement’ means the Agreement for Sale to be executed between the Applicant and KW Group. ‘Developer’ means KW Group, its affiliates and successors. ‘Project’ means KW Blue Pearl, Karol Bagh, New Delhi. ‘Applicant’ means the individual or entity applying for a commercial unit. ‘Total Sale Price’ means the price of the booked unit, exclusive of taxes and statutory charges. ‘Force Majeure’ includes natural calamities, government orders, or any circumstances beyond the Developer’s control.
2. Booking & Payment
The Applicant agrees to pay the booking amount and subsequent installments as per the payment plan approved by KW Group. Delay in payment will attract interest as per the Agreement. The Developer reserves the right to cancel the booking for non-compliance with payment terms.
3. Allotment
Allotment of a commercial unit is at the sole discretion of KW Group. A confirmed allotment will be made only after clearance of booking amount and necessary documentation. No rights are conferred until the execution of the Agreement for Sale.
4. Area & Layout
The area and layout of the unit are tentative and subject to change per architectural and regulatory approvals. Any variation in area beyond permissible limits will lead to corresponding price adjustment.
5. Statutory Charges
All government taxes, levies, duties, and fees (including GST, stamp duty, registration, property tax, etc.) shall be borne by the Applicant, payable as demanded by the Developer.
6. Possession
The Developer shall endeavor to complete construction and offer possession within the committed timeline, subject to Force Majeure. Delay compensation, if applicable, shall be as per Delhi RERA guidelines.
7. Maintenance & Handover
Upon possession, the Applicant shall pay maintenance charges and deposits as prescribed. The maintenance of common areas will be handled by an appointed agency. Failure to take possession after notice will attract holding charges.
8. Cancellation & Refund
In the event of cancellation or default by the Applicant, the Developer may forfeit the booking/earnest money as per policy. Refunds, if any, will be processed after deduction of applicable charges within the statutory timeline.
9. Transfer or Assignment
Transfer of booking or assignment of rights is subject to approval by KW Group and applicable transfer fees. All statutory compliance will be the responsibility of the Applicant.
10. Jurisdiction
All disputes shall be subject to the jurisdiction of competent courts at Delhi only. This document is governed by the laws of India and Delhi RERA regulations.
The Applicant acknowledges that he/she has read, understood, and agreed to all the terms and conditions contained herein. These terms are subject to modification as per statutory requirements or mutual consent.