Additional Terms for Possession of Apartment Sample Clauses

Additional Terms for Possession of Apartment i) In addition to Clause 7.1 as stated hereinabove it is clarified that all amounts collected as taxes, charges, levies, cess, assessments and impositions and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such taxes, charges, levies, cess, assessments and impositions. ii) It being clarified that if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan iii) Clause 7.5(i) hereinabove shall be subject to Clause 34.4 (iv) hereinbelow and when the Allottee proposes to cancel it shall serve a 12 (twelve) months’ notice in writing on the Promoter and on the expiry of the said period the allotment shall stand cancelled. It being clarified that in addition to the Cancellation Charges as provided in Clause 7.5 (i) the Promoter shall be entitled to forfeit a further sum on account of GST payable on cancellation charges and the balance amount shall be payable subject to the execution of the Deed of Cancellation iv) Notwithstanding anything contained in Clause 7.5 hereinabove where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter then in such event the Allottee shall be entitled to exercise such right of termination only if on the date when the Allottee so expresses his intent to terminate this Agreement, the Total Consideration of Apartment then prevailing for transfer of an Apartment in the Project is not less than the Total Consideration of Apartment payable by the Allottee under this Agreement, and the Allottee agree(s) and undertake(s) that the decision of the Promoter in this regard shall be final and binding on the Allottee . It being agreed that subject to as stated xxxxxxxxxxx if the Promoter agrees for cancellation then in such event the Promoter shall forfeit the Cancellation Charges instead of Booking amount as stated in Clause 7.5 hereinabove.
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Related to Additional Terms for Possession of Apartment

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