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  Introduction
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  NOC by GDA
  Why GlobBiz Avenue?
  How to Purchase?
  Development
  Terms & Conditions
 
Gawadar Site
 
 
 Terms & Conditions

 
 
  1. The name the of the project shall be “GLobBiz Avenue” which contains commercial, residential plots and tourist resorts in Maoza AnKara Tehsil & District Gwadar, Balochistan.
  2. Plots of various sizes will be offered for sale on lease / ownership basis in the project.
  3. All Pakistanis living inland or abroad are equally eligible to apply for the plots.
  4. The application fee of Rs. 5000 is included in the cost of the plot, which is non-refundable.
  5. All the application for booking / allotment shall be submitted on the prescribed form duly filled in and signed by the applicants.
  6. The applicants will make payments through demand draft or pay order in the name of “Gawadar Builders & Associates”. Foreign clients will send their amount through (TT) telegraphic transfer directly in the given account.
  7. The commercial, residential plots and tourist resorts of the project will be booked according to the terms and conditions mentioned here i.e. cost, payment schedule, specifications and undertaking. The approved documents shall be signed by the applicant / allottee , which  will be a part of the contract.
  8. Applicant of a particular plot number/size/location will be provisional and management of “GLobBiz Avenue ”  reserve the right to decide any change in plot number, size and location of the plot, with appropriate alternate, due to any change / alteration in design and or lay out of the project. In case the allottee  is not agreed with the change, he / she may be refunded his / her deposited amount as per terms and conditions of the surrendered or cancelled units with due deductions.
  9. The area of plots mentioned is approximate. If actual measurement of the plot area is found more or less, the buyer shall be charged / refunded on the actual allocated area on appropriate basis, at the rate on which plot was initially sold by “GLobBiz Avenue”.
  10. Applicants shall make the payment within the period specified, otherwise a late payment fine @ 0.1 % of the due installment, per day, will be added to the due installment. This fine will be allowed only if the installment is paid within 30 days of the due date. If the installment with late payment fine is not received, even within 30 days of the due date, the provisional allocation of the plot shall be cancelled and the amount deposited bay the applicant will be refunded, after resale of the plot by the management of “GLobBiz Avenue” and a deduction of 20% will apply.
  11. The transfer of plot will be allowed after the issuance of allotment letter to the allottee, subject to the written consent of the management. 1% of the total cost of plot as per very first allotment will be paid by the applicant, to Gawadar Builders & Associates, as transfer fee.
  12. Physical possession of the plot to allottee will be handed over in one and half years, after the completion of payment of the development charges.
  13. The development charges shall be paid by the allottee (incase of buying plot excluding development charges) as per actual, as and when demand. The allottee will have to make payment of development charges as per schedule served by the management of the project.
  14. The steady development work shall be maintained subject to the payment of development charges by the individual allottee. The management will fulfills its obligation of timely completion of development of the project subject to the fulfillment of allottees commitments. The land shall be developed according to the approved layout, plans and specifications.
  15. The documentation charges for lease / ownership and other charges will be paid by the allottee as and when required.
  16. The allottee shall take over the possession of plot within 30 days of the receipt of intimation from the management of the “GLobBiz Avenue”. Incase of delay in taking possession, the management shall charge Rs. 1000/- per month for the first 12 months from the notified date. If the allottee fails to take the possession of the plot beyond  12 months of the notified date, he / she will be liable to pay the management of  “GLobBiz Avenue” Rs. 2000/- till such time  possession of plot is taken over.
  17. Residential plot will not be used for commercial purpose at all, without prior permission of the competent authority.
  18. The construction on the plot shall be strictly in accordance with applicable Town planning and Architectural (controls) Rules and Regulation of the concerned authorities. A “NO Objection Certificate” N.O.C will be necessary from the management of “GLobBiz Avenue” before submitting the building plans for the approval of the authorities. The management will give this N.O.C after clearance of all dues. NO construction on the plot shall be carried out without due approval by the authorities and intimation of such approval to the management of the project.
  19. The allottee will pay taxes etc. levied by Federal / Provincial Government, Local bodies and Municipal bodies or any other authority, including these existing at present and those that may be levied by the above mentioned and / or other authorities in future.
  20. Charges for conservancy, water consumption, electricity consumption, for street lights and water pumps, maintenance of water supply, sewerages and other common amenities of the project will be paid to the management of “GLobBiz Avenue” until the formation of the society / Association of the resident/ allottees.
  21. The entire correspondent with applicant / allottee shall be made through registered post or courier service, at the last given address of the applicant, as per office record. The management shall however not be responsible for non-delivery of any correspondence due to any reason. 
  22. The allottee or his / her duly appointed attorney shall attend the project, sub-registrar or any other office or department as and when needed and called upon by management. Failure of allottee to attend the said appointment as per intimated schedule date. An amount of Rs. 2000/- shall be charged as inconveniencies charges. 
  23. All disputes between the company and the allottee regarding the plot shall be reffered to the arbitration and the decision of the arbitration shall be final and binding on both the parties , which shall take place at Gwadar.
  24. Before the transfer and / or possession of plot, the allottee shall become member of the Society /Association of allottees. He/She shall pay membership fee and annual dues of the Society/ Association along with the expenses for common services and maintenance. The allottee shall be agreed to abide by the rules, regulations contained in the Article of the Association and memorandum of Society/Association. The allottee shall further agree to abide by any additions and alterations in the clauses of Article which may be made by the members of the Society /Association in accordance with the conditions stipulated in the Article of the Society/Association. No allottee will be allowed to sell /transfer/mortgage or sublease his/her plot of the land till such time the dues of the Society/Association have been cleared. Similarly, no building built on the plot of land in the “GLobBiz Avenue Gwadar” shall be sold / transferred / sub-leased / mortgaged and /or given on hire till such time the dues of the society/Association have been cleared.
  25. Payment schedule will be as follows: if you agree to any one of the options. check the box respective to that option.

     Option#1

                       (i)  20 % of the total price on booking.

                       (ii)  Remaining 80 % will be paid in 24- monthly or 8-Quarterly equal installments, starting from the date of Booking.

           Option#2

                       (i)  25 % of the total price on booking. (

                       (ii)  Remaining 75 % will be paid in 36- monthly or 12-Quarterly equal installments, starting from the date of Booking.

           Option#3

                       (i)  Lump sum payment in advance.(7.5 % discount will be given in case of lump sum payment.)

         

 
 
 
     
 
    
 
   
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