Common use of Alteration in Layout Plans, Designs and Specifications Clause in Contracts

Alteration in Layout Plans, Designs and Specifications. i. That the Developer shall have the right to effect suitable alterations in the layout plan, if and when found necessary or as required by the concerned regulatory authorities or otherwise. Such alterations may include change in location, preferential location, number, increase or decrease in the number of apartments, floor, block or area of the Apartment. To implement such change and if considered necessary, the Developer may also execute a supplementary agreement with the Purchaser(s) Provided, however, if as a result thereof, there be any change in the location, preferential location, number, boundary or area of the said Apartment, such change in the area shall inter-alia entail proportionate increase or decrease in the Consideration of the built-up Apartment at the original rate at which the Apartment was booked. ii. That the specifications of the Apartment and amenities planned for the Complex are attached hereto as Annexure B. In the event of paucity or non- availability of any material, the Developer shall have the right to use alternative material/article but of equally good quality. Opinion of Developer’s Architects on such changes shall be final and binding on the purchaser(s). iii. That in case during the course of construction and/or after the completion of the Complex, further construction on any portion of the land or building or terrace becomes possible, the Developer shall have the exclusive right to take up or complete such further construction as belonging to the Developer notwithstanding the designation of any common area as Limited Common Areas or otherwise. In such a situation, the proportionate share of the Purchaser(s) in the Common Area facilities and Limited Common Areas and Facilities shall stand varied accordingly. Further all the residuary rights in the proposed Complex shall continue to vest with the Developer till such time as the same or apart thereof are allotted or otherwise transferred to any particular person/organization or to the Association of Owners of the Complex.