Financial & Cancellation Terms

Refund & Cancellation Policy

Clear, transparent guidelines on payment milestones, mobilization advances, project cancellations, and structural warranties.

Last Updated: July 26, 2026

1

Nature of Construction Contracting

Turnkey civil construction and custom interior projects involve significant advance expenditure on raw material procurement (e.g., UltraTech/ACC cement, Tata Tiscon/Kamdhenu TMT steel, red bricks, sand), specialized labor mobilization, soil testing, and architectural modeling. Therefore, our refund and cancellation policy operates strictly around verified project milestones.

2

Advance Mobilization & Token Fees

  • Initial Design Token (Architectural Phase): Non-refundable once 2D architectural site layouts or 3D elevations have been rendered and submitted to the client.
  • Mobilization Advance: Payable upon agreement signing to initiate soil testing, site layout marking, and raw material procurement. If a project is cancelled before site work commences, actual expenses incurred (soil test reports, structural engineer fees) will be deducted before processing any remaining balance.
3

Stage-Wise Milestone Payment Policy

Swastik Home uses a transparent 6-step milestone billing system linked to tangible civil milestones:

1. Foundation & Plinth Level Completion
2. RCC Skeletal Columns & Slab Casting
3. Brick Masonry & Electrical/Plumbing Conduits
4. Internal Gypsum & External Plastering
5. Flooring, Tiling & Woodwork Installation
6. Final Painting, Fixtures & Handover

Payments made for completed and verified civil milestones are non-refundable, as work has been physically executed on site.

4

Contract Cancellation Procedure

Either party may terminate a project agreement under the following conditions:

  • Written notice must be submitted at least 15 days in advance to corporate management.
  • A joint site measurement audit will be performed by our Project Director and the client to evaluate executed work versus payments received.
  • If the client has overpaid relative to the measured site progress, the unspent excess will be refunded within 14 working days.
5

5-Year Structural Warranty Guarantee

Our Structural Commitment

Swastik Home backs every turnkey residential build with a 5-Year Structural Concrete Warranty. In the unlikely event of structural RCC cracking or foundation defects caused by material execution issues during the warranty period, Swastik Home will rectify the affected structural element free of charge.

Featured Industry Partners & External Resources

As part of our commitment to luxury home building, lifestyle design, and premium living, Swastik Home highlights trusted external brands across luxury staycations, interior styling, and handcrafted jewelry:

Questions Regarding Billing or Refunds?

For payment discussions or cancellation queries, contact our accounts department:

401, 2nd Floor, Shopping Square 1, Sushant Golf City, Shaheed Path, Lucknow, UP - 226030