Welcome to the Bricklet Solution web portal. This document constitutes a legally binding agreement ("Agreement" or "Terms") between you ("User", "you", "your", "co-owner", or "investor") and Bricklet Solution Advisory Private Limited ("the Company", "we", "our", or "us"), operated under regulatory frameworks matching Info Edge (India) Limited (99acres) and Locon Solutions Private Limited (Housing.com).
By registering on, accessing, or interacting with our co-ownership portal, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service. If you do not agree, please discontinue use immediately.
1. Services Overview & Fractional Co-Ownership
Bricklet Solution acts as an online showcase and investment facilitation platform for fractional co-ownership of premium real estate properties. We structure properties into co-ownership fractions ("bricklets") through legal trusts and Special Purpose Vehicles (SPVs). We do not act as a licensed public stock exchange or directly issue public securities. Fractional co-ownership involves the acquisition of direct undivided equity stakes in real physical assets, managed via specialized trust structures.
2. User Registration, KYC, & Eligibility
To acquire bricklets or interact with property advisors on our portal, you must satisfy the following conditions:
- You must be at least 18 years of age and possess the legal capacity to enter into binding contracts.
- You must be an Indian citizen resident in India, or a Non-Resident Indian (NRI) compliant with Foreign Exchange Management Act (FEMA) guidelines.
- You warrant that all registrations details, including your Permanent Account Number (PAN), Address Proofs (Aadhaar or Passport), and bank credentials, are valid, accurate, and yours.
- You agree to keep your account login credentials secure. You are solely responsible for all activities occurring under your registered session.
3. Platform Disclaimer & Due Diligence Obligations
Similar to standard real estate advertising portals (e.g. 99acres and housing.com), the property listings, architectural projections, estimated yields (e.g. 7.2%, 6.4%), and capital appreciation estimates shown on the portal are compiled in good faith by our advisory team using historical markers and local indexes. However:
- All yield projections are statistical targets, not guaranteed returns. Real estate values and occupancy rates are subject to market fluctuations.
- Due Diligence: Users are explicitly advised to conduct independent financial, legal, and structural assessments of the assets before acquiring bricklets. We make property inspections and legal title deeds available, but do not provide explicit investment advice.
- The Company is not liable for differences in final property valuation, rental vacancy rates, or variations in regional tax allocations.
4. Property Allocation & SPV Structures
When you register interest or allocate capital towards a showcased property:
- The capital is held securely in an independent escrow account.
- Properties are only acquired when 100% of the co-ownership allocation is committed. If a target allocation fails to close within the specified funding window, escrowed funds are returned to you without deductions.
- Once closed, the property is registered in the name of a dedicated SPV or legal trust. Co-owners hold proportional shares corresponding directly to the number of bricklets acquired.
5. Platform Intellectual Property
All content displayed on the Bricklet Solution website—including logos, custom isometric SVG designs, CSS variables, script tools, calculator algorithms, text layout headings, and high-fidelity photos—is the exclusive intellectual property of the Company or licensed partners. You are granted a limited, non-exclusive, non-transferable license to access the content for personal, non-commercial purposes. Scraping, copying, or duplicating listings for commercial purposes is strictly prohibited.
6. Limitation of Liability
To the maximum extent permitted by applicable laws in India, the Company and its directors, employees, or advisors will not be liable for any direct, indirect, incidental, or consequential losses (including loss of profits, rental yields, capital valuation, or operational downtime) arising from your use of the website, tenant defaults, or structural defects in the underlying estates.
7. Arbitration & Dispute Resolution
In the event of a dispute, controversy, or claim arising out of or relating to this Agreement, the parties shall attempt to resolve it amicably. If unresolved, the matter will be referred to a sole arbitrator chosen mutually by the Company, in compliance with the **Arbitration and Conciliation Act, 1996**.
The place of arbitration shall be **Mumbai, India**, and the language of the proceedings shall be English. The arbitral award shall be final and binding on both parties. The courts in Mumbai shall have exclusive jurisdiction over any ancillary filings.
8. Modifications to Terms
We reserve the right to modify these Terms and Conditions at any time without prior notice. Continued use of our advisory features or platform dashboards following the posting of modifications constitutes your acceptance of the updated terms.