How to Pay?
Every payment towards this project is only through Bank.
· What is the minimum size of site?
No minimum size. You can opt any site of your choice.
· What is the rate?
Depending upon the fluctuation of rates on the land which we procure at different phases and at different places the rates may also fluctuate. So please contact personally to get the details at a specific time.
· How to book?
Whatever be the size of the site, booking charge is One lakh.
· Can I pay in instalments?
Yes, customized provision is there which can be decided across discussions.
· Is there any interest-free instalment?
Yes. We have decided to create a privilege of payment through interest-free easy instalments up to 6 years depending upon the necessity.
· When will you register my site?
Immediately after the complete payment in whatever mode you opt.
· When I have to give back on lease?
Immediately after Registration. Minimum period is 15 years for the time being for the harvest.
· When will you plant the seedlings in our site? Is it after payment?
No. We start cultivation immediately without waiting for the bookings. So you will save waiting time if you opt for instalments.
· What suppose if you don’t get the development as expected?
Absolutely no chance. There is a strict condition of Compulsory Visit by all the customers along with their families once in 3 months minimum to check the development.
· What if I don’t visit?
For 15 years there should be a minimum attendance of 60 visits. Your attendance for the site visit will be highly appreciated in order to have a practical vision of the progress made in this direction.
FAQ
About Profit Sharing
· How do we get the profit?
The profit comes from the sandalwood harvest. Out customer is the Government of Karnataka. They will fix-up the rate as per the legal norms. Deducting the infrastructural and development expenditures net profit will be declared by Company on Sq.Ft. basis.
· Is the profit taxable?
Yes. As the money comes from the Government of Karnataka the amount is legitimate, while and taxable.
· What is the percentage of profit?
In the net profit earned, 50% will ble given to the land owner and 50% will be retained by the Company.
· Do we have to pay any other money towards sandalwood?
No. You pay only cost of the site. The development cost up to 15 years is maintained by the earnings of Host plants apart from our own expenditure.
· What if the trees in our site won’t yield the profit?
The income declaration is on collective basis. Total trees will be considered to decide the profit. Irrespective of individual site’s profit the customers will get considerably a good amount.
· Do we have a share in the income of Host plants?
No. The income from Host plants will be managed to maintain the cultivation for 15 years. This will not be totally sufficient hence Company also may have to expend a good lot of money towards cultivation.
· When do we get our sites back?
Immediately after harvest the entire land will be modified as a Layout as per the long approved plan with all infrastructure facilities as promised and returned in a good buildable condition.
No. The initial stages of sandalwood cultivation is the most costly affair. The entire development expenditures will be tried to maintain by the income of host plants.
Do we (customers) have to pay anything for the maintenance cost ?
No, initial farm infrastructure, plantation, cultivation requires investment, apart from the basic investment of buying the land. However, integrated inter-cropping will generate sustainable farm income to pay for farm operation and maintenance. Lest the company will bear the cost to br deducted later in profit, if there is any shortfall.