These Terms and Conditions of Use ("Terms and Conditions") shall apply to all the associates, consultants, contractors, brokers, third parties etc. ("Consultants") individually and/or collectively engaged by or providing services to Acres N Inches and/or AcresNInches Private Limited ("AcresNInches"):
I. All Consultants shall fully comply with the Real Estate (Regulation and Development) Act, 2016 ("RERA") and applicable State rules including The Uttar Pradesh Real Estate (Regulation and Development) Rules ("Rules") and obtain all registrations.
II. All the codes, ID's, registration details, e-mail address(s) etc. given to Consultants by AcresNInches shall be provisional and subject to the Consultant having successfully registered under RERA and Rules ("Registration"). Until the completion of Registration the Consultant shall not represent, solicit, conduct business etc. with AcresNInches.
III. Consultants shall not market, make/accept bookings, solicit, advise, market or represent AcresNInches, in any manner whatsoever, without fully complying with the requirements in I. above.
IV. Consultants shall submit a written undertaking consenting to fully comply with RERA and the Rules pending their registration under RERA and the applicable Rules at the earliest possible.
V. In the event that a Consultants registration is revoked under RERA or Rules thereof, the Consultant shall immediately notify AcresNInches of the same and shall cease all business operations on behalf of AcresNInches.
VI. All Consultants hereby represent that they must fully comply with any and all requirements under RERA and Rules. Consultants hereby agree that they shall fully indemnify and hold harmless AcresNInches from and against all claims, costs, damages, losses, and expenses, including but not limited to attorneys' fees, arising out of or resulting from non-compliance, default, penalties etc. under RERA and/or Rules.
VII. AcresNInches reserves the right to change, modify, add or delete portions of the Terms and Conditions at any time, without prior notice and in accordance with the prevailing Government Regulations. Please re-review the Terms and Conditions periodically for changes.
VIII. Subject to your acceptance of the aforementioned Terms and Conditions, AcresNInches authorizes you to view and engage in the content available on the web portal https://www.acresninches.com/
IX. Please note that all Project Information available on the AcresNInches website had been provided by external sources and you are required to independently verify all the details contained therein.
WHAT TO CHECK BEFORE BUYING AN UNDER CONSTRUCTION
1. CAN I CHECK THE RERA STATUS OF AN UNDER-CONSTRUCTION PROPERTY?
A) YOU CAN LOG ON TO THE RERA WEBSITE AND SEE IF A PARTICULAR PROJECT HAS ACTUALLY BEEN GRANTED REGISTRATION BY THE RERA OR NOT. EVERY STATE HAS ITS OWN OFFICIAL RERA WEBSITE. EACH PHASE OF A PROJECT HAS A DIFFERENT RERA NUMBER.
B) IT IS YOUR RIGHT TO ASK IF THE PROJECT IS UNDER ANY MAJOR LOAN FROM ANY BANK/FINANCIAL INSTITUTION/INVESTOR WHO MIGHT MAKE A CLAIM AT A LATER STAGE. IT IS ADVISABLE TO RAISE THIS QUERY THROUGH ACKNOWLEDGEABLE WRITTEN COMMUNICATION.
2. HOW TO ENSURE THE QUALITY OF THE PROPERTY?
A) IT IS EXTREMELY IMPORTANT TO HAVE WRITTEN COMMUNICATION ABOUT THE CARPET AREA & BALCONY AREA SEPARATELY. SOMETIMES 2 PROPERTIES HAVING THE SAME SUPER AREA (AREA THAT YOU PAY FOR PER SQ.FT) AND SAME COST ALSO HAVE DIFFERENT CARPET AREA. B) PLEASE ENSURE THAT ALL FITTINGS, FIXTURES, SPECIFICATIONS, FACILITIES ETC. ARE MENTIONED IN THE AGREEMENT IN DETAIL.
3. WHAT TO CHECK IN THE AGREEMENT WHICH HAS TO BE REGISTERED?
A) FIRSTLY, YOUR EXCLUSIVE RIGHT TO YOUR PROPERTY MUST BE VERY CLEARLY MENTIONED IN THE AGREEMENT. IF THE AGREEMENT IS NOT AS PER THE PRESCRIBED FORMAT OF THE RERA ACT, YOU MUST CONSULT A REAL ESTATE LAWYER. IT IS BEST TO ASK FOR A SAMPLE COPY OF THE AGREEMENT BEFORE MAKING THE PAYMENT.
B) SECONDLY, PLEASE ENSURE THAT ALL DELIVERABLE OR FACILITIES PROMISED VERBALLY ARE MENTIONED AND INCLUDED IN THE AGREEMENT.
4. WHAT SHOULD BE CHECKED REGARDING HOME LOAN ON THE PROPERTY WHICH IS UNDER CONSTRUCTION? WHETHER UNDER-CONSTRUCTION OR READY TO MOVE, IT IS IMPORTANT TO VERIFY WHICH BANKS HAVE GIVEN APF APPROVED TO THE PROJECT. YOU CAN ALSO ASK HOW MANY LOANS HAVE BEEN SANCTIONED TO CUSTOMERS IN THE RECENT PAST. SOMETIMES EVEN IN A PROJECT WHICH DOES NOT HAVE APF APPROVED; A PARTICULAR BRANCH MIGHT SANCTION A FEW FILES, WHICH IS NOT OKAY FOR THE PROJECT
DO NOT DO CASH DEALING
• IT WEAKENS YOUR COUNTRY’S ECONOMY.
• IT UNDER VALUES YOUR OWN PROPERTY.
• IF YOU WANT TO CANCEL THE DEAL MID-WAY, ANY UNRECORDED TRANSACTION CAN BE A BIG LOSS TO YOU.