Common use of Balance Amount of Rs Clause in Contracts

Balance Amount of Rs. (Rupees Only) against and at the time of handing over the possession of the Residential unit to the Allottee/s on or after receipt of occupancy certificate or completion certificate. Owner/Promoter herein on due date/ or on reaching aforesaid construction milestone/stage shall intimate the amount payable as stated above in writing or by email to the Purchaser/Allottee/s and the allottee shall make payment of such due amount to the Promoter within seven days from date of receiving such intimation. The Purchaser/allottee herein specifically agrees that he/she/they shall pay the aforesaid amount along with the service tax, VAT, GST and any such other Taxes applicable without any delay along with each instalment