Parking Capital
Welcome to Parking Capital, a brand of CREDVEST PEGASUS PRIVATE LIMITED ("Parking Capital", "we", "us", or "our"). These Terms of Use ("Terms") govern your use of our website www.parkingcapital.in("Website") and any services, tools, listings, or information provided by us on or through the Website, including our pre-RERA property booking services. By accessing or using our Website, you agree to be bound by these Terms. If you do not agree with these Terms, please do not use or access our Website.
1. Eligibility
By using our Website, you represent and warrant that you are at least 18 years old and have the legal capacity to enter into a binding agreement, including for the purpose of booking or reserving a unit in a real estate project. If you are under 18 years old, you may use our Website only with the involvement and consent of a parent or guardian, and may not make any booking or payment.
2. Nature of Services — Pre-RERA Bookings
Parking Capital operates as a platform that lists and facilitates bookings for real estate projects that are in a pre-RERA stage, meaning such projects may not yet be registered with the Real Estate Regulatory Authority ("RERA") under the Real Estate (Regulation and Development) Act, 2016, at the time of listing or booking.
- A pre-RERA booking is not a confirmed sale, allotment, or conveyance of any unit, and does not create any right, title, or interest in the property in your favour.
- Any amount paid at the pre-RERA stage is typically held as an Expression of Interest (EOI), refundable booking amount, or similar arrangement, and is subject to the specific terms communicated to you by Parking Capital and/or the developer at the time of booking.
- The project may be delayed, modified, or may not proceed to RERA registration at all, and Parking Capital makes no representation or guarantee regarding the timeline or certainty of RERA registration.
- Once the underlying project is registered under RERA, your booking may need to be formally converted into an agreement for sale or allotment letter in accordance with applicable law, and additional documentation, payments, or conditions may apply at that stage.
- Parking Capital is a facilitator/intermediary and is not the developer, builder, or promoter of any listed project unless expressly stated otherwise.
You are strongly advised to independently verify project details, land titles, approvals, and developer credentials, and to consult a qualified legal expert before making any booking or payment.
3. Modification of Terms
We reserve the right to modify these Terms at any time, without prior notice. Your continued use of the Website after such modification constitutes your acceptance of the modified Terms. We encourage you to periodically review these Terms to stay informed of any changes.
4. Website Access and Use
Parking Capital grants you a limited, non-exclusive, non-transferable, revocable license to access and use our Website for your personal, non-commercial purposes of evaluating and booking real estate projects listed on the Website, subject to these Terms. You may not use the Website for any other purpose without our prior written consent.
5. Booking Process and Payments
- All bookings made through the Website are subject to availability and confirmation by Parking Capital and/or the relevant developer.
- Any booking amount, token amount, or EOI amount paid by you is subject to the refund, cancellation, and forfeiture policy communicated to you at the time of booking, which shall be read together with these Terms.
- Parking Capital may use third-party payment gateways to process payments. We are not responsible for any failure, delay, or error caused by such third-party payment processors.
- Prices, unit availability, and project details listed on the Website are indicative and subject to change by the developer without notice.
6. Prohibited Activities
You agree not to:
- Copy, reproduce, modify, distribute, or create derivative works from any content, material, or information on our Website, except as expressly permitted by these Terms or with our prior written consent.
- Access or use our Website in any manner that could damage, disable, overburden, or impair our servers or networks, or interfere with any other user's use and enjoyment of the Website.
- Attempt to gain unauthorized access to our Website, user accounts, or computer systems or networks through hacking, password mining, or any other means.
- Use any robot, spider, scraper, or other automated means to access our Website for any purpose without our prior written consent.
- Make a booking with false, misleading, or fraudulent information.
7. Intellectual Property
All content, material, and information on our Website, including but not limited to text, graphics, logos, project images, floor plans, and software, are the property of Parking Capital or its licensors (including listed developers) and are protected by copyright, trademark, and other intellectual property laws. You may not use any of this intellectual property without prior written consent.
8. Third-Party Links and Developer Content
Our Website may contain links to third-party websites, as well as project information, images, and specifications supplied by developers. We have no control over such third-party content and assume no responsibility for its accuracy, completeness, or currency. You acknowledge that we are not liable for any damage or loss caused by or in connection with your reliance on such third-party or developer-supplied content.
9. Disclaimer of Warranties
Our Website and the listings on it are provided on an "as is" and "as available" basis, without any warranties of any kind, either express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, non-infringement, or accuracy of project/developer information. We do not warrant that the Website will be error-free, secure, or uninterrupted, or that any defects will be corrected. We do not guarantee the eventual RERA registration, completion, or delivery of any listed project.
10. Limitation of Liability
To the fullest extent permitted by law, in no event shall Parking Capital, its officers, directors, employees, or agents be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, use, goodwill, or other intangible losses, resulting from:
- your access to, use of, or inability to access or use the Website;
- any booking, payment, delay, cancellation, or dispute relating to a listed project;
- any conduct or content of any third party (including developers) on the Website;
- any content obtained from the Website; and
- unauthorised access, use, or alteration of your transmissions or content,
whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage.
11. Indemnification
You agree to defend, indemnify, and hold harmless Parking Capital, its officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, or expenses, including reasonable attorneys' fees and costs, arising out of or in any way connected with your access to or use of the Website, any booking made by you, your violation of these Terms, or your infringement of any intellectual property or other rights of any third party.
12. Termination
We reserve the right, in our sole discretion, to terminate your access to and use of the Website at any time, with or without cause, and with or without prior notice. Upon termination, your right to use the Website will immediately cease. Provisions which by their nature should survive termination — including ownership, warranty disclaimers, indemnity, and limitations of liability — shall survive.
13. Governing Law and Jurisdiction
These Terms shall be governed by and construed in accordance with the laws of India, without regard to its conflict of law provisions. You agree to submit to the personal and exclusive jurisdiction of the courts located in India for the resolution of any disputes arising out of or relating to these Terms or your use of the Website.
14. Severability
If any provision of these Terms is held to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions of these Terms will remain in full force and effect.
15. Waiver
No waiver of any term or condition of these Terms shall be deemed a further or continuing waiver of such term or condition or any other term or condition, and our failure to assert any right or provision under these Terms shall not constitute a waiver of such right or provision.
16. Entire Agreement
These Terms, along with our Privacy Policy and any project-specific booking terms, constitute the entire agreement between you and Parking Capital with respect to your use of the Website and supersede any prior agreements, understandings, or representations, whether written or oral, between you and us on the subject matter hereof.
17. Changes to the Website
Parking Capital reserves the right to modify, suspend, or discontinue, temporarily or permanently, the Website or any service, feature, or listing provided therein, with or without notice and without liability to you.
18. Information Not Advice
The content, listings, and information available on our Website are for informational purposes only and should not be construed as financial, investment, tax, or legal advice, nor as a guarantee of any project's RERA status, completion, or delivery. We connect users to multiple third-party developers. You should consult a qualified legal and financial expert before making any booking or payment decision.
19. International Users
Our Website is controlled, operated, and administered by Parking Capital from its offices within India. We make no representation that the Website or the projects listed on it are appropriate or available for use outside India. If you access our Website from outside India, you do so on your own initiative and are responsible for compliance with local laws.
20. Assignment
You may not assign or transfer your rights or obligations under these Terms, by operation of law or otherwise, without our prior written consent. We may assign or transfer our rights and obligations under these Terms freely and without restriction.
21. Force Majeure
Neither party shall be held liable for any failure to perform or delay in performance of any obligations under these Terms due to events beyond its reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, riots, embargoes, strikes, government action, or any other force majeure event.
22. Contact Information
If you have any questions or concerns about these Terms, our Website, or our services, please contact us at: