Cancellation by Allottee/Purchaser. The Allottee/Purchaser shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where theAllottee/Purchaser proposes to cancel/withdraw from the project without any fault of the Vendors/Developer, the Vendors herein are entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days of such cancellation.
Cancellation by Allottee/Purchaser. The Allottee/Purchaser shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the Allottee/Purchaser proposes to cancel/withdraw from the project without any fault of the PROMOTER/DEVELOPER, the PROMOTER/DEVELOPER herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Allottee/Purchaser shall be returned by the PROMOTER/DEVELOPER to the Allottee/Purchaser within 45 (forty five) days of such cancellation.
Cancellation by Allottee/Purchaser. The Allottee/Purchaser shall have the right to cancel / withdraw his allotment in the Project as provided in the Act : Provided that where the Allottee/Purchaser unilaterally intends to cancel/withdraw from the intended purchase of unit under the above project, the Developer herein entitled to forfeit the booking amount paid for the Purchaser.The balance amount will be refunded to the Purchase / Allottee, after deducting the due payment of the purchaser on account delay in making any payment of installments or others. The balance amount of money if paid by the Allottee/Purchaser shall be returned by the Developer to the Allottee/Purchaser within 45 days from such cancellation, less the taxes, if any. For the refund of any taxes, Purchaser/ Allottee shall be required to apply directly to the concerned authorities. Compensation– The Developer shall compensate the Allottee/Purchaser in case of any loss caused to him due to defective title of the land, on which the project is being developed or has been developed, in the manner as provided under the Act and the claim for compensation under this provision shall not be barred by limitation provided under any law for the time being in force.But such liability shall cease with the handing over possession of the Unit/Flat to the Purchaser/Allottee and common areas and the common purpose to the Association of Purchaser. Except for occurrence of a Force Majeure event, if the Developer fails to complete or is unable to give possession of the [Flat/Unit] (i) in accordance with the terms of this Agreement, duly completed by the date specified herein; or (ii) due to discontinuance of his business as a developer on account of suspension or revocation of the registration under the Act; or for any other reason the Developer shall be liable, on demand to the Allottee/Purchasers, in case the Allottee/Purchaser wishes to withdraw from the Project, without prejudice to any other remedy available, to return the total amount received by him in respect of the [Flat/Unit], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act but not the taxes, if any paid by the Purchaser/ Allottee for the refund of which the Purchaser/ Allottee shall have to apply directly to the concerned authority. Provided that where if the Allottee/Purchaser does not intend to withdraw from the Project, the Developer shall pay the Allottee/Purchaser interest at the rate specified in the ...
Cancellation by Allottee/Purchaser. The Allottee/Purchaser shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the Allottee/Purchaser proposes to cancel/withdraw from the project without any fault of the VENDOR/DEVELOPER/LANDOWNER No. 2/ PROMOTER No. 2, the VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Allottee/Purchaser shall be returned by the VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 to the Allottee/ Purchaser within 45 (forty five) days of such cancellation.
Cancellation by Allottee/Purchaser. The Allottee/Purchaser shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the Allottee/Purchaser proposes to cancel/withdraw from the Project without any fault of the Vendors/Owners/ Promoter/Developer the Allottee/Purchaser shall serve a 90(ninety) days notice in writing to the Vendors/Owners/Promoter/Developer and on the expiry of the said period the allotment shall stand cancelled and the Vendors/Owners/ Promoter/Developer herein is entitled to forfeit the booking amount and 10% of the consideration amount, interest as per applicable laws and applicable GST payable on such cancellation charges paid for the allotment. The balance amount of money paid by the Allottee/Purchaser shall be returned by the Vendors/Owners/Promoter/Developer to the Allottee/Purchaser within forty-five days of such cancellation.
Cancellation by Allottee/Purchaser. The Allottee/Purchaser shall have the right to cancel/withdraw his allotment in the said building as provided in the Act. Provided that where the Allottee/Purchaser proposes to cancel/withdraw from the said building without any fault of the Vendors/Promoter the Allottee/Purchaser shall serve a 90(ninety) days notice in writing to the Vendors/Promoter and on the expiry of the said period the allotment shall stand cancelled and the Vendors/Promoter herein is entitled to forfeit the booking amount and 10% of the consideration amount, interest as per applicable laws and applicable GST payable on such cancellation charges paid for the allotment. The balance amount of money paid by the Allottee/Purchaser shall be returned by the Vendors/Promoter to the Allottee/Purchaser within forty-five days of such cancellation.
