ASSOCIATION STRUCTURE i. The Developer shall at its sole and absolute discretion, as prescribed under the Relevant Laws,
a. Form an Association of the Allottee/s of Apartment in the Project/Phase, as it may deem fit and proper in respect of the tower(s) comprised in Project known by such name as the Developer may decide, which shall be responsible for maintenance and management of the Project/Phase, within such period as may be prescribed under the Relevant Laws.
b. form an Association/Apex Body for the Subject Land for each of residential and commercial zones (“Apex Body”), as the Developer may deem fit, for the purposes of effective maintenance and management of the Subject Land including for Common Areas and amenities of the Project/phase and/or of the Subject Land at such time and in such a manner as the Developer may deem fit to be known by such name as the Developer may decide, within such period as may be prescribed under the Relevant Laws.
c. with a view to preserve the intrinsic value of the Project by ensuring high standard of maintenance and upkeep, at its discretion but not as an obligation, be involved / undertake / conduct either by itself or through Facility Management Company (in the manner set out hereunder), the maintenance and management of the Project, without any reference to the Allottee/s and other occupants of the Project, even after formation of the association/Apex Body/Apex Bodies on such terms and conditions as the Developer may deem fit and the Allottee/s hereby gives their unequivocal consent for the same. For this purposes the Developer may, in its discretion provide suitable provisions in the constitutional documents of the Association/Apex Body/Apex Bodies.
d. Make provisions for payment of outgoings/CAM to the Association & the Apex Body/ for the purposes of maintenance of Project/Phase in which the Apartment is located and the entire Subject Land. The Allottee/s agree(s) and undertake(s), to sign and execute all applications and other papers and documents, including but not limited to the bye-laws/memorandum and Articles of Association drafted/adopted by the Developer for the Association, necessary for the formation and registration of the Association/Apex Body within 10 (ten) days from intimation by the Developer. The Allottee/s agree(s) not to object to any changes/amendments made by the Developer in the draft/model bye-laws/memorandum and Articles of Association for the Association. The Allottee/s shall also be bound from time to time, to s...
ASSOCIATION STRUCTURE. 7.1 The Promoter/Owner/Developer shall at its discretion, as prescribed under the Relevant Laws,
(i) form an apex organization (being either a co-operative society/condominium/limited company or combination of them) (“Apex Body”) for the entire development or separate apex association / apex body / apex bodies (being either a co-operative society/condominium/limited company or combination of them) (“Apex Bodies”) for each of residential and commercial zones, as the Promoter/Owner/Developer may deem fit, for the purposes of effective maintenance and management of the entire Project including for common areas and amenities of the Project at such time and in such a manner as the Promoter/Owner/Developer may deem fit to be known by such name as the Promoter/Owner/Developer may decide, within such period as may be prescribed under the Relevant Laws.
(ii) with a view to preserve the intrinsic value of the Project by ensuring high standard of maintenance and upkeep, at its discretion but not as an obligation, be involved / undertake / conduct either by itself or through Facility Management Company (in the manner set out in clause _ below), the maintenance and management of the Project, without any reference to the Purchaser/s/Allottee/s and other occupants of the Project, even after formation of the association/apex body/apex bodies on such terms and conditions as the Promoter/Owner/Developer may deem fit and the Purchaser/s/Allottee/s hereby gives their unequivocal consent for the same. For this purposes the Promoter/Owner/Developer may, in its discretion provide suitable provisions in the constitutional documents of the association/apex body/apex bodies.
ASSOCIATION STRUCTURE. The Owner / Developer shall at its discretion, as prescribed under the Relevant Laws,
ASSOCIATION STRUCTURE. The Developer shall at its sole and absolute discretion, as prescribed under the Relevant Laws,
ASSOCIATION STRUCTURE i. The Developer shall at its discretion, as prescribed under the Relevant Laws, a. form association of the Allottee/s of Apartment/Flats in the Building(s) (being either a co-operative society/condominium/limited company or combination of them), as it may deem fit and proper in respect of each of the building(s) comprised in Project known by such name as the Developer may decide, which shall be responsible for maintenance and management of the Building, within such period as may be prescribed under the Relevant Laws.
ASSOCIATION STRUCTURE i. The Developer/Lessee shall at its sole and absolute discretion, as prescribed under the Relevant Laws,
a. Form an Association of the Allottee of Apartment in the Project, as it may deem fit and proper in respect of the tower(s) comprised in Project known by such name as the Developer/Lessee may decide, which shall be responsible for maintenance and management of the Project, within such period as may be prescribed under the Relevant Laws.
b. form an Association for the Project Land for the purposes of effective maintenance and management of the Project Land including for Common Areas, amenities, facilities and services of the Project and/or of the Project Land at such time and in such a manner as the Developer/Lessee may deem fit to be known by such name as the Developer/Lessee may decide, within such period as may be prescribed under the Relevant Laws.
ASSOCIATION STRUCTURE
