Terms & Conditions
Please read these terms carefully before purchasing a share.
1. Application Requirements
The applicant must complete the prescribed application form by attaching two (2) recent passport-size photographs of the applicant and one (1) passport-size photograph of the nominee. Photocopies of the applicant's National Identity Card (NID) or Birth Registration Certificate, Tax Identification Number (TIN) Certificate, and the nominee's National Identity Card (NID) or Birth Registration Certificate must also be submitted.
2. Share Price
The share price of the resort shall be determined in accordance with the Company's prevailing price list. The Company reserves the right to revise the price list at any time. However, once a share has been booked and the financial transaction is completed, the agreed share price shall remain unchanged.
3. Payment Method
All payments shall be made in favor of the Company through Account Payee Cheque, Bank Draft, Pay Order, or Online Bank Deposit.
4. Share Value
The price of each share is BDT 300,000 (Three Hundred Thousand Taka only), payable in full as a one-time payment.
5. Installment Purchase
For the purchase of a resort share under the installment plan, a booking payment of BDT 50,000 (Fifty Thousand Taka) is required. The remaining amount shall be payable in 36 monthly installments of BDT 9,000 (Nine Thousand Taka) each. Under this payment plan, the total share price shall be BDT 374,000 (Three Hundred Seventy-Four Thousand Taka only).
6. Registration & Ownership
Upon full payment of the purchase price within the stipulated period, the registration and transfer process shall be completed. The registration fee shall be BDT 15,000 (Fifteen Thousand Taka), which must be borne by the shareholder. Each share shall entitle the shareholder to ownership of 0.044 decimal of land.
7. Default in Payment
If the shareholder fails to pay the remaining balance within the stipulated period, the Company reserves the right to cancel the agreement. Any refund, after deducting the booking amount and other applicable charges, shall be made in accordance with the applicable Housing Laws and Company policies.
8. Personal Transactions
The Company shall not be liable for any financial or contractual transactions conducted privately between individuals.
9. Transfer of Share Ownership
A shareholder may transfer his/her share and ownership at his/her own responsibility, subject to prior written notification to the Company. The Company shall not be responsible for any liabilities arising from such transfer.
10. Construction Allocation
Each share shall entitle the shareholder to 20 square feet of constructed space within the furnished hotel suite project. Upon completion of the construction, possession shall be handed over to the shareholder through a duly executed allocation and transfer deed.
11. Project Information
The Eco Resort is a jointly owned development located at Mouchak, Kaliakair Upazila, Gazipur District, Bangladesh. The project is being developed through the collective efforts of its shareholders and is envisioned to become a modern eco-resort offering a healthy and premium recreational environment, In Sha Allah.