Tuesday, February 4, 2014

Green Land Apartment - Project For Joint Development





GREENLAND APARTMENTS OWNERS ASSOCIATION
CHURCH ROAD, MOGAPPAIR EAST,
(NEXT TO SBI, MOGAPPAIR EAST BRANCH)
CHENNAI: 600037


Attn: Builders/Flat Promoters...

We invite prominent Builders/Flat Promoters to develop our apartments. In this connection, we have mentioned Our Flat details and Preconditions to develop our flats.

Requested to send your sealed offer with complete specification and duly filled Precondition details to reapective Post Bag No.

Kindly avoid to contact the Owners Association or Owners. Brokers/Middleman Excuse.

Wish you all Good Luck....

Regards,
Greenland Owners Association,
Mogappair East,
Chennai: 37


DESCRIPTION OF PROPERTY:


229 FEET FRONTAGE - ON CHURCH ROAD (ROAD WIDTH : 66 FEET WIDE ROAD)

196 FEET BREDTH

TOTAL EXTENT OF LAND: 44884 SFT (APPROX)

Green Land Apartments Images are also attached 

FLATS BUILT UP AREA DETAILS:

6 BLOCKS

6 FLATS IN EACH BLOCK

TOTAL FLATS: 36 

FLATS BUILT UP AREA DETAILS:

18 FLATS OF 1050 SFT (BUILT UP AREA)
12 FLATS OF 825 SFT (BUILT UP AREA)
06 FLATS OF 705 SFT (BUILT UP AREA)


Interested Builders, please provide details for below mentioned preconditions along with your company profile.


PRECONDITION FOR JOINT DEVELOPMENT:

   1.            CONSTRUCTION AREA PROPORTION:

Please clearly mention the Percentage of Owners & Builder Share
2.                    

                         2. Owners Present Share Proportionate:-
             
Class
Present Built up Area (SFT)
Total Built Up Area (SFT)
Proportion %
Present UDS (SFT)

HIG1
1050
18900
57%
1050

HIG2
825
9900
30%
825

HIG3
705
4230
13%
705

Total
33030


3.                         3.GOODWILL  MONEY
     Please mention the Premium/Goodwill Money 

4.                       4.RENT TO BE PAID TILL POSSESSION:
              Please mention the Rent Amount 

5.                    5.TERRACE RIGHTS:
Terrace Rights should be with Existing & New Owners

6.                   6.U D S BIFURCATION:
New UDS should be informed to the Existing Owners at the time of Proposal.

7.                   7. SUPER BUILT UP AREA:
Super Built up area should be informed to the Existing Owners at the time of Proposal.

8.            PLINTH AREA:
Plinth area (Excluding Covered Car Park) should be informed to the Existing Owners at the time of Proposal. Saleable Area cannot be calculated to existing owners. Common Area Percentage should be indicated in the proposal very clearly and transparently.

9.            SECURITY/GUARANTEE FOR PROJECT:
The elected builder should execute the Bank Guarantee in favour Green Land Owners Association. (If BG is viable, preferable in favour of Individual Existing Owners)

10.         ELEVATION & AMBIENCE OF APARTMENT:
The new apartment elevation and ambience should be informed to the existing owners during the finalization of Joint Development.

11.         WARRANTY: 
The DEVELOPER shall indemnify all the land owners against any claim legal or commercial by any of the parties associated in the development and construction of the project such as sub contractors, suppliers, flat purchasers and Government authority.  Settling such claim shall be the sole responsibility of the Builder.

12.         FACILITIES & VALUE ADDED PACKAGE:
The DEVELOPER should provide below mentioned facilities:-
·         Well Equipped GYM
·         Mini Community Hall
·         Walking Area
·         Children Play Area
·         Plants & Saplings
·         Security Guard Shelter
·         CCTV & Fire Safety Arrangements
·         Pipeline Gas
·         Common Area Electrification by Solar Power System
·         Association Office Room
·         Corpus for Building Maintenance Fund
·         Intercom Facility to all Owners & Security Guards
13.         DELAY AND DAMAGES – CLAUSE OF FORCE MAJEURE
The DEVELOPER should be agreed that if there is any breach of any one or more of the terms and conditions stipulated in this Agreement, the LAND OWNERS shall have the right to liquidate the BG.
The Developer should be completed accountability to construct as approved by CMDA. No deviation whatsoever from the CMDA approval will be done by the developer.
At the time of handing over, new assessment for property tax and CMWSSB will be made individually for all the existing owners and first half yearly tax also would be paid by the developer.
If the DEVELOPER commits breach of the terms of this agreement, the Land Owners will be entitled to obtain specific performance of this agreement or claim liquidated damages by way of enforce the BG.

In the event of the DEVELOPER not completing the construction and delivering possession of the LANDOWNER’s share of the constructed area within the period of 24 months as set out above, except for the reasons beyond the control of the DEVELOPER such as Civil Commotion, riots, act of God, approval from Government authorities or Court of Law, the DEVELOPER  shall be liable to pay the rent to the LANDOWNERS with an enhancement of 10% on fixed Rent for every month beyond 24 months for each Land Owners. Under no circumstances shall the period stipulated for completion of construction be extended beyond the period of 30 months. If the developer fails to handover possession of the land owner’s share of the constructed area within a period of 30 months, the Power of attorney executed by the land owners in favour of the DEVELOPER shall stand revoked and in addition to this, each Land Owner shall be entitled to liquidate damages by way of enforce the BG. Further the LANDOWNERS shall have the liberty to terminate this agreement unilaterally. 

On completion of the construction in all respects, the DEVELOPER shall intimate in writing to the LANDOWNERS of such completion and also the readiness to handover possession of the LANDOWNERS’ share in the constructed area together with the Completion Certificate of the competent Authority.
14.                             
                                 COMPLETION AND HANDING OVER

The Project Should be completed and ready for occupation within 24 months from the day of handing over of the premises for demolition and reconstruction.

1 year complete warranty against any defects pertaining to Electrical/Electrical wiring/plumbing and structural defects & other equipments as per manufacturer warranty
Completion certificate from CMDA to obtain Water and Drainage connections and Electricity connection before handing over.

At the time of handing over new property tax assessment by corporation of Chennai and CMWSSB will be made individually for each flat owner and first half yearly tax to be paid by the developer.

TECHNICAL SPECIFICATION

Please Specify the below mentioned Items Specifications

FOUNDATION

STRUCTURE

FLOOR

WALL TILING

TOILET/BATH/KITCHEN WARES FITTINGS

WASH BASINS

DOOR/WINDOW/GRILL/JOINERIES

Other Doors:

GRILL

PLUMBING & WATER SUPPLY

ELECTRICAL

LIFT 

PAINTING

KITCHEN

WOOD WORK







                        East: 232 Feet                                                                                     NORTH
                        West: 229 Feet (Frontage)
                           South: 196 Feet
                           North: 190 Feet



 









                  66
                Feet

               Road