Terms and Conditions – Signatureglobal

As per Affordable housing Policy, 2013 All non-successful applicants, shall be refunded back the booking amount within 15 days of holding the draw of lots.
Once the applications relating to allotment of apartments in the Project, are received by the Company, the same shall be scrutinized. Scrutiny of applications shall be completed by the Company under the overall monitoring of concerned District Town Planner (DTP). The scrutiny of applications by the joint team of Company and DTP Gurugram shall be completed within three months from the last date of receipts of applications. Applications found to be ineligible shall be returned within one month of completion of scrutiny by the Company indicating the grounds on which the application has been held to be ineligible alongwith the Booking Amount received from such applicants. No interest shall be paid in such cases.
Allotment of apartments in the Project shall be made by way of draw of lots. Date of draw of lots shall be fixed by the Senior Town Planner, Gurugram Circle. After fixation of date for draw of lots, an advertisement shall be issued by the Company informing the applicants about the details regarding date/ time and venue of the draw of lots in the same newspaper in which the original advertisement was issued.
Upto 5% of the total number of Apartments as approved in the building plans may be allotted by the Company to its employees/associates/ friends/relatives etc.in accordance with Policy.
The draw for allotment of apartments in the Project shall be held under the supervision of a committee consisting of deputy commissioner or his representative (at least of the cadre of Haryana Civil Services), Senior Town Planner (Gurugram Circle) and DTP Gurugram and the representative of the Company.
Only such Applications shall be considered for draw of lots which are complete and fulfill the criteria laid down in the Policy. However, it is possible that some of the application forms may have certain minor deficiencies, viz., missing entry on the application form, incorrect /missing line in affidavit, illegible copies of certain documents etc. Such applications may also be included in the draw of lots. However, in case any of such applications are declared successful in the draw of lots, applicants may be granted an opportunity of removing the shortcomings in their application in all respects within a period of 15 days, failing which their claim shall stand forfeited. The said 15 days period shall start from the date of publication of the list of successful allottees in the newspaper marking those successful applications with minor deficiencies for information and notice of such applicants for removing such deficiencies and submit the same to the concerned DTP. The list of such successful allottees shall also be maintained on the website of the Department.
A waiting list for a maximum of 25% of the total available number of apartments in Project available for allotment, shall also be prepared during the draw of lots who can be offered the allotment in case some of the successful allottees are not able to remove the deficiencies in their application within the prescribed period of 15 days. In case of surrender of apartments in Project by any successful applicant, an amount, in addition to, Rs. 25000/- (Rupees Twenty Five Thousand only), as prescribed by amendment in the Affordable Housing Policy 2013 vide Notification NO. PF-27/15922 dated 05, July, 2019, shall be deducted by the Company. Such apartments, depending upon the number of the draw of lots/stage of project, may be considered by the committee for offer to those applicants failing in the waiting list. However, non-removal of deficiencies by any successful application shall not be considered as surrender of apartment and no such deduction shall be applicable on such case. If any wait listed candidate does not want to continue in the waiting list, he may seek withdrawal and the Company shall refund the Booking Amount within 30 days, without imposing any penalty. The waiting list shall be maintained for a period of 2 years, after which the Booking Amount shall be refunded back to the waitlisted applicants, without any interest. All non-successful applicants shall be refunded back the Booking Amount within 15 days of holding the draw of lots.
Only such Applications shall be considered for draw of lots which are complete and which fulfill the criteria laid down in the Policy. However, it is possible that some of the application forms have certain minor deficiencies, viz., missing entry on the application form, incorrect /missing line in affidavit, illegible copies of certain documents etc. Such applications may also be included in the draw of lots. However, in case any of such applications are declared successful in the draw of lots, applicants may be granted an opportunity of removing the shortcomings in their application in all respects within a period of 15 days, failing which their claim shall stand forfeited. The said 15 days period shall start from the date of publication of the list of successful allottees in the newspaper marking those successful applications with minor deficiencies for information and notice of such applicants for removing such deficiencies and submit the same to the concerned DTP. The list of such successful allottees shall also be maintained on the website of the Department.
A waiting list for a maximum of 25% of the total available number of apartments in Project available for allotment, shall also be prepared during the draw of lots who can be offered the allotment in case some of the successful allottees are not able to remove the deficiencies in their application within the prescribed period of 15 days. In case of surrender of apartments in Project by any successful applicant, an amount, in addition to, Rs. 25000/- (Rupees Twenty Five Thousand only), as prescribed by amendment in the Affordable Housing Policy 2013 vide Notification NO. PF-27/15922 dated 05, July, 2019, shall be deducted by the Company. Details mentioned hereinafter. Such apartments, depending upon the number of the draw of lots/stage of project, may be considered by the committee for offer to those applicants failing in the waiting list. However, non-removal of deficiencies by any successful application shall not be considered as surrender of apartment and no such deduction shall be applicable on such case. If any wait listed candidate does not want to continue in the waiting list, he may seek withdrawal and the Company shall refund the Booking Amount within 30 days, without imposing any penalty. The waiting list shall be maintained for a period of 2 years, after which the Booking Amount shall be refunded back to the waitlisted applicants, without any interest. All non-successful applicants shall be refunded back the Booking Amount within 15 days of holding the draw of lots.
If the Applicant (successful allottee) fails to deposit the installments within the time-period in terms of the Payment Plan and as prescribed in the Allotment Letter, a reminder may be issued to him informing to deposit the due installments within a period of 15 days from the date of issue of such notice. If the Applicant (successful allottee) still defaults in making the payment, the list of such defaulters may be published in one regional Hindi newspaper having circulation of more than ten thousand in the State, for payment of due amount within 15 days from the date of publication of such notice, failing which allotment in relation to the Applicant (successful allottee) may be cancelled. The Applicant (successful allottee) agrees and understands that in the event of cancellation/ surrender of allotted unit/flat/ due to any reason whatsoever following amount shall be forfeited in addition to Rs. 25,000/- along with applicable taxes/charges/fee etc:

S. NO.	PARTICULAR	AMOUNT TO BE FORFEITED
1.	In case of surrender/cancellation before the commencement of project	Nil
2.	Upto 1 year from the date of commencement of project	1% of the cost of flat
3.	Upto 2 years from the date of commencement of project	3% of the cost of flat
4.	After 2 years from the date of commencement of project	5% of the cost of flat

Further interest on delayed payment and applicable taxes thereon shall also be deducted. Thereafter balance amount shall be refunded to the Applicant (successful allottee).
Once the Apartment is allotted in favour of Applicant (successful allottee), the same cannot be transferred by the Company to any other person by documentation in its records. Such Apartment shall also be prohibited for transfer /sale up to one year after getting the possession by the Applicant (successful allottee). Breach of this condition will attract penalty equivalent to 200% of the Selling Price. The penalty will be deposited in the “Fund” administered by the Town and Country Planning Departments so that the infrastructure of the state can be improved. Failure to deposit such penalty shall result in resumption of the Apartment by the Applicant (successful allottee) and its re-allotment in consultation with the Department.
Further FAQs can be found on our website at https://www.signatureglobal.in/generic-faqs-for-haryana-affordable-housing-policy.php
For project related specific queries, you may see ad published (attached herewith also) inviting application from prospective allottees.

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