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The secured/guaranteed repayment instrument of Credit Co-Operative Society F.D. OR Company Bond for security deposit will be issued in favor of purchaser by which will be entrusted to the purchaser after complying with all the initial procedural formalities.
The investment will be made in favor of purchaser with lock-in period of 15 years and within this period the purchaser shall not have any right to redeem or encash the said certificate before its maturity from respective Co-operative Society/ Bond.
Purchasers of residential properties will have to pay the amount as security deposit in favour of GULSHAN URBAN INFRA VENTURE PVT. LTD. Which will be decided by purchaser at his convenience and within 2 years which would be equivalent to the cost of unit which he will intent to purchase. Period of 2 years will commence from the date of receipt of installment and on receipt of installment and on credit of amount of the same, the purchaser will be registered as valuable purchaser of GULSHAN URBAN INFRA VENTURE PVT. LTD. and then GULSHAN URBAN INFRA VENTURE PVT. LTD. will issue secured/guaranteed repayment instrument within 5 to 7 working days to purchasers.
On completion of 2 years and on payment of full amount towards the respective unit, sale deed will be executed. Purchaser will have to choose the option of half yearly, quarterly or yearly payment of installments on his own convenience and responsibility because during payment period he will not get opportunity to change the frequency of installments for any reason.
Purchaser will have to pay the said amount regularly and on decided dates and in case he will fail to pay 3 installments continuously his registration will be canceled and further installments will not be accepted by GULSHAN URBAN INFRA VENTURE PVT.LTD. and process of return of principle amount will be tabled on surrender of issued secured/guaranteed repayment instrument only and in that case purchaser will not have any right to demand any additional compensation from GULSHAN URBAN INFRA VENTURE PVT.LTD. in future.
The secured/guaranteed repayment instrument will be provided by FD or bond in the favor of investor at the time of investment and this will be entrusted to investor after completion of all the procedures, stipulated by GULSHAN URBAN INFRA VENTURE PVT. LTD. in benefit of concern investors. The secured/guaranteed repayment instrument for refund of principal amount will be made in favor of investor with lock-in period of 10 Years and within this period the Investor shall not have any right to redeem or encash the said instrument before its maturity. All terms & Conditions will be decided by GULSHAN URBAN INFRA VENTURE PVT. LTD.