Legal

Terms of Use & Disclaimer

Last updated: June 2026 · Applies to: Bharat PropVault (iOS, macOS) v1.0+

Important Notice: Bharat PropVault is a property management and record-keeping tool. Nothing in this app constitutes legal, tax, financial, or real estate advice. All calculations, valuations, and tax estimates are indicative only and must be verified by a qualified professional before relying on them for any decision.

1. Scope

These Terms of Use and Disclaimer apply to all users of Bharat PropVault, published on the Apple App Store by MARS Studio. By downloading and using the app, you acknowledge that you have read, understood, and agreed to these terms.

2. App Description & Purpose

Bharat PropVault is a property management tool designed for Indian landlords and property owners. It helps you track rental properties, manage tenants, record transactions, store documents, calculate taxes, and monitor the Indian real estate market. The app is intended as a personal record-keeping and analytical aid — not as a replacement for professional property management, legal counsel, or chartered accountancy services.

3. Tax Calculations — Not Tax Advice

Bharat PropVault includes tax estimation features for informational purposes only. You acknowledge that:

Section 24 deductions (interest on home loan, standard deduction) are computed based on user-entered data and current tax provisions. These are estimates and may not reflect your actual tax liability.
TDS under Section 194-IB (2% TDS on rent exceeding Rs. 50,000/month; reduced from 5% in October 2024) calculations are indicative. Actual TDS obligations depend on your specific circumstances, tenant status, and applicable exemptions.
Capital gains calculations — including LTCG (Long-Term Capital Gains) and STCG (Short-Term Capital Gains) under the dual regime, CII (Cost Inflation Index) indexation, and NRI provisions under Section 195 — are estimates only. Tax laws change frequently. Always consult a qualified Chartered Accountant (CA) before filing returns or making decisions based on these figures.

      MARS Studio is not a registered tax consultant, chartered accountant, or financial advisor. The tax calculations in this app are provided for educational and estimation purposes only. Consult a qualified CA for all tax-related decisions.
    

4. Sell Estimation & Property Valuations

Bharat PropVault provides property sell estimation and valuation features. You acknowledge that:

Market price benchmarks and sell estimates are algorithmic approximations based on user-entered data, area rates, and floor premiums. They are not professional property appraisals.
Floor premium calculations and per-square-foot estimates are indicative and may not reflect actual market conditions in your locality.
Property valuations should never be used as the sole basis for buying, selling, or financing decisions. Always obtain a professional valuation from a registered property valuer.

5. Market Data & News

Bharat PropVault aggregates real estate market data and news from the following RSS sources:

ET Realty (Economic Times)
PropHeadlines
Square Yards
Google News (real estate topics)

MARS Studio does not endorse, verify, or guarantee the accuracy of any third-party news content or builder data displayed within the app. All market information should be independently verified before making any decisions.

6. Rental Listing & Third-Party Platforms

Bharat PropVault provides convenience features for posting rental listings to external platforms:

Quikr API integration — Direct posting to Quikr uses your own credentials and is subject to Quikr's terms of service. MARS Studio is not responsible for listing outcomes, responses, or disputes arising from Quikr postings.
NoBroker, 99acres, MagicBricks, Housing.com — The app provides a copy-and-open workflow that redirects to these platforms in your browser. These platforms' own terms of service and privacy policies apply to any interactions on their sites.

7. Document Storage & OCR

You acknowledge that:

Documents are encrypted with AES-256-GCM and stored locally on your device. While this provides strong protection, no encryption system is infallible. MARS Studio does not guarantee absolute security against all possible attack vectors.
OCR text extraction is performed on-device using Apple's Vision framework. Results are approximate and should always be manually verified before using extracted data for tax filings, legal documents, or official purposes.

8. Notifications

Bharat PropVault uses local notifications for rent reminders, lease renewals, maintenance schedules, and tax deadlines. These notifications are scheduled locally on your device and are not guaranteed to be delivered. You should not rely solely on app notifications for critical deadlines — maintain independent reminders for important dates.

9. Subscription & Billing

Bharat PropVault Premium is an auto-renewable subscription. New users receive a 14-day free trial with full access to every feature; after the trial ends, an active Premium subscription is required to continue using the app. Premium unlocks unlimited properties, the Tax Planner and capital-gains tools, Markets news & benchmarks, portfolio analytics & ROI, the encrypted document vault with OCR, CA-ready export, and iCloud sync across your devices.

Pricing. Premium is billed once per year. Apple sets the price for each App Store country using its standard regional pricing tiers, so the exact amount and currency depend on where your Apple ID is registered. The current price is always shown on the in-app paywall before you confirm a purchase and on Apple's subscription-confirmation screen — we intentionally do not state a fixed figure here because it varies by region and can change.

14-day free trial. The trial gives full Premium access at no cost and begins when the subscription requirement first takes effect on your install. No payment is taken during the trial — you are charged only if you choose to subscribe. The trial is available once per Apple ID and does not stack with other promotional offers.

Auto-renewal. Your Premium subscription automatically renews at the then-current annual price unless auto-renewal is cancelled at least 24 hours before the end of the current period. Your Apple ID account is charged for renewal within 24 hours prior to the end of the current period.

Managing or cancelling. You can view your renewal date, manage, or cancel auto-renewal at any time after purchase via iOS Settings › [Your Name] › Subscriptions › Bharat PropVault. Cancellation takes effect at the end of the current paid period; you keep Premium access until that date and are not refunded for the remainder of the period unless required by Apple's standard refund policy.

Refunds. All payments are processed by Apple. MARS Studio cannot directly issue refunds. Refund requests are subject to Apple's standard refund policy — please contact Apple Support via reportaproblem.apple.com.

Your data when a subscription lapses. Your records and documents are stored locally on your device and are not deleted if your subscription ends — subscribing again restores access to them.

10. Limitation of Liability

To the maximum extent permitted by applicable law, MARS Studio, its founders, developers, and affiliates shall not be liable for any loss or damage — including direct, indirect, incidental, or consequential loss — arising from your use of or reliance on Bharat PropVault or any data, calculation, valuation, or analysis it provides. This includes, without limitation:

Financial loss due to incorrect tax calculations or estimates
Loss arising from property valuation or sell estimation errors
Loss resulting from missed notifications or reminders
Loss of data, including documents stored within the app
Disputes arising from rental listing interactions on third-party platforms

11. No Warranties

Bharat PropVault is provided "as is" without warranties of any kind, either express or implied. MARS Studio does not warrant that the app will be uninterrupted, error-free, or free of harmful components. All calculations, valuations, and estimates are provided without warranty of accuracy or completeness.

12. Governing Law & Jurisdiction

These terms shall be governed by and construed in accordance with the laws of India. Any disputes arising from or relating to the use of Bharat PropVault shall be subject to the exclusive jurisdiction of the courts in Bangalore, Karnataka, India.

13. Changes to These Terms

We may update these terms from time to time. Material changes will be reflected in the "Last updated" date above. Continued use of the app after any changes constitutes your acceptance of the updated terms.

14. Contact

Questions about these terms? Contact us at bpv-support@marsstudio.app or write to us at MARS Studio, marsstudio.app.