Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be entitled to forfeit the Booking Amount paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 9 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its his allotment in the Project as provided in the Act. Act subject to the Allottee having complied with all his obligations under this Agreement till that time including making timely payment of all amounts payable under this Agreement till that time and there being no failure, refusal, neglect, breach, violation, non-compliance or default on the part of the Allottee to perform or comply with any of the terms, conditions, covenants, undertakings, stipulations, restrictions, prohibitions and/or obligations under this Agreement or otherwise under law; Provided that, that where the Allottee proposes to cancel/withdraw from the Project without any fault default of the PromoterPromoter under this Agreement, the Promoter herein shall be is entitled to forfeit the Booking Amount booking amount paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money money, if any, paid by the Allottee to the Promoter towards the Total Price shall only be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellationcancellation or within such further time as may be agreed between the parties The fees and expenses relating to this Agreement for Sale including stamp duty, registration fees, GST, Advocate fees, incidental and other expenses for registration, etc. Such refund shall not be refundable. The Promoter shall not have any other liability or obligation whatsoever and shall be made entitled to deal with, dispose of and/or sell the said Apartment Unit to anyone else without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by reference to the Allottee under this Agreement, after the Promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour date of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminatedtermination.
Appears in 6 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its his allotment in the Project as provided in the Act. Provided that, that where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be is entitled to forfeit the Booking Amount booking amount (Cancellation Charge), paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be allotment plus applicable at the time of such withdrawal by the Allotteetaxes. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee without interest/taxes within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment and/or the said Unit to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 6 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project Project/Complex without any fault of the PromoterDevelopers, the Promoter Developers herein shall be entitled to forfeit the Booking Amount paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter Developer to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter Developer in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter Developers shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 5 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project Project/Complex without any fault of the PromoterPromoters, the Promoter Promoters herein shall be entitled to forfeit the Booking Amount paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter Developer to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter Developer in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter Promoters shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 4 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its her allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be entitled to forfeit the Booking Amount paid for the allotment.Amount, along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellation, subject to the Allottee executing documentation as specified in Clause 33.4.3 hereunder at the cost and expense of the Allottee. Such refund shall be made without any interest or compensation and all compensation. All charges and expenses that may be incurred by the Promoter in making relating to such refund cancellation shall be borne by the AllotteeAllottee and the Allottee shall keep the Promoter fully safe, harmless and indemnified in respect thereof. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued the Allotment Letter issued, or this Agreement shall also stand terminated.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project Project/Complex without any fault of the PromoterDevelopers, the Promoter Developers herein shall be entitled to forfeit the Booking Amount inclusive of applicable Taxes paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter Developer to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter Developer in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter Developers shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 2 contracts
Samples: 202.61.117.163, 202.61.117.163
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter/Sellers, the Promoter Sellers herein shall be entitled to forfeit the Booking Amount paid for the allotment., along with and the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter Sellers to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter Sellers in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter Sellers shall have the right to re-re- allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/cancel/ withdraw his/ her/ its his allotment in the Project as provided in the Act. Provided that, that where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be is entitled to forfeit the Booking Amount booking amount (Cancellation Charge), paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be allotment plus applicable at the time of such withdrawal by the Allotteetaxes. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee without interest/taxes within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 2 contracts
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project Complex as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project Complex without any fault of the PromoterPromoter No 2, the Promoter No.2 herein shall be entitled to forfeit the Booking Amount paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter No.2 to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter No.2 in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter No.2 shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project Complex as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project Complex without any fault of the PromoterPromoter No 2, the Promoter No.2 herein shall be entitled to forfeit the Booking Amount paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter No.2 to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter No.2 in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter No.2 shall have the right to re-allot the Apartment theSaid Unit to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its his allotment in the Project as provided in the Act. Provided that, that where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be is entitled to forfeit the Booking Amount booking amount (Cancellation Charge), paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be allotment plus applicable at the time of such withdrawal by the Allotteetaxes. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee without interest within 45 (forty five) working days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment and/or the said Unit to any third party thereafter and the prior allotment in favour favor of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 2 contracts
Cancellation by Allottee. The Allottee shall have the right to cancel/cancel/ withdraw his/ her/ its his allotment in the Project as provided in the Act. Provided that, that where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be is entitled to forfeit the Booking Amount paid booking amount amounting to 20 % of the Total price with applicable taxes for the allotment., along with allotment of the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money apartment paid by the Allottee shall be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot re -allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated. The balance amount of money (if any) paid by the Allottee excluding the booking amount shall be returned by the Promoter to the Allottee only from the proceeds from the sale of said Apartment to another Allottee after deduction of taxes like Goods & Service Tax and any other applicable tax collected and paid by the Promoter to the competent authority on the sale proceeds received in respect of the said Apartment. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the PromoterDeveloper, the Promoter Developer herein shall be entitled to forfeit the Booking Amount (being 10% of the Total Price inclusive of applicable Taxes) paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter Developer to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter Developer in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter Developer shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be entitled to forfeit the Booking Amount paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter to Nto the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment Said Unit to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be entitled to forfeit the Booking Amount paid for the allotment.Amount, along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellation, subject to the Allottee executing documentation as specified in Clause 38.2 hereunder at the cost and expense of the Allottee. Such refund shall be made without any interest or compensation and all compensation. All charges and expenses that may be incurred by the Promoter in making relating to such refund cancellation shall be borne by the AllotteeAllottee and the Allottee shall keep the Promoter fully safe, harmless and indemnified in respect thereof. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued Allotment Letter issued, or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee Allottee(s) shall have the right to cancel/withdraw his/ her/ his/her/its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes Allottee(s) propose(s) to cancel/withdraw from the Project without any fault of the PromoterDeveloper, the Promoter Developer herein shall be entitled to forfeit the Booking Amount (being 10% of the Total Price inclusive of applicable Taxes) paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the AllotteeAllottee(s). The balance amount of money paid by the Allottee shall be returned by the Promoter Developer to the Allottee Allottee(s) within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter Developer in making such refund shall be borne by the AllotteeAllottee(s). Upon withdrawal or cancellation of allotment by the Allottee Allottee(s) under this Agreement, the Promoter Developer shall have the right to re-allot the said Apartment and covered car parking to any third party thereafter and the prior allotment in favour of the Allottee (s) will stand cancelled. All rights of the Allottee Allottee(s) under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/cancel/ withdraw his/ her/ its his allotment in the Project as provided in the Act: Subject to what is stated herein this Agreement, the Allottee /s shall be entitled to terminate this Agreement if the possession of the Residential Flat is delayed by the Promoter beyond the Possession Date by giving a termination notice of thirty (30) days. The Promoter shall in such an event be liable to refund within forty-five (45) days the entire Consideration along with Interest on the amounts received from the date such amounts were received from the Allottee /s. Provided thathowever the Allottee /s shall on receipt of the refund, execute such documents and writings as may be required by the Promoter to provide valid discharges to the Promoter. Provided that where the Allottee allottee proposes to cancel/withdraw from the Project project without any fault of the Promoterpromoter, the Promoter promoter herein shall be is entitled to forfeit the Booking Amount booking amount paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal . Cancellation by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.Promoter:
Appears in 1 contract
Samples: Agreement for Allotment of Apartment
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be entitled to forfeit the Booking Amount paid for the allotment.Amount, along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellation, subject to the Allottee executing documentation as specified in Clause 33.5.2 hereunder at the cost and expense of the Allottee. Such refund shall be made without any interest or compensation and all compensation. All charges and expenses that may be incurred by the Promoter in making relating to such refund cancellation shall be borne by the AllotteeAllottee and the Allottee shall keep the Promoter fully safe, harmless and indemnified in respect thereof. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued the Allotment Letter issued, or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its his allotment in the Project as provided in the Act. Provided that, that where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be is entitled to forfeit the Booking Amount booking amount (Cancellation Charge), paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be allotment plus applicable at the time of such withdrawal by the Allotteetaxes. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee without interest/taxes within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment and/or the said Unit to any third party thereafter and the prior allotment in favour favor of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be entitled to forfeit the Booking Amount paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be entitled to forfeit the Booking Amount paid for the allotment.Amount, along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellation, subject to the Allottee executing documentation as specified in Clause 33.6.2 hereunder at the cost and expense of the Allottee. Such refund shall be made without any interest or compensation and all compensation. All charges and expenses that may be incurred by the Promoter in making relating to such refund cancellation shall be borne by the AllotteeAllottee and the Allottee shall keep the Promoter fully safe, harmless and indemnified in respect thereof. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued the Allotment Letter issued, or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the The Allottee proposes to cancel/withdraw from the Project Project/Complex without any fault of the PromoterPromoters, the Promoter Promoters herein shall be entitled to forfeit the Booking Application Amount paid (being 10% of the Total Unit Price inclusive of applicable Taxes)paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the The Allottee. The balance amount of money paid by the The Allottee shall be returned by the Promoter Co-Owner/Developer to the The Allottee within 45 (forty Forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter Co-Owner/Developer in making such refund shall be borne by the The Allottee. Upon withdrawal or cancellation of allotment by the The Allottee under this Agreement, the Promoter Promoters shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the The Allottee will stand cancelled. All rights of the The Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/cancel/ withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter Developer herein shall be entitled to forfeit the Booking Amount paid for the allotment., and GST paid till the date cancellation along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter Developer to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter Developer in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter Developer shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project Project/Complex without any fault of the PromoterDevelopers, the Promoter Developers herein shall be entitled to forfeit the Booking Amount (being 10% of the Total Price inclusive of applicable Taxes) paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter Developer to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter Developer in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter Developers shall have the right to re-re- allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be entitled to forfeit the Booking Amount paid for the allotment.Amount, along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellation, subject to the Allottee executing documentation as specified in Clause 33A (ix) hereunder at the cost and expense of the Allottee. Such refund shall be made without any interest or compensation and all compensation. All charges and expenses that may be incurred by the Promoter in making relating to such refund cancellation shall be borne by the Allottee. Allottee and the Allottee shall keep the Promoter fully safe, harmless and indemnified in respect thereof.Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued the Allotment Letter issued, or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its his/her allotment in the Project as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein shall be entitled to forfeit the Booking Amount paid for the allotment.Amount, along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellation, subject to the Allottee executing documentation as specified in Clause 33.5.2 hereunder at the cost and expense of the Allottee. Such refund shall be made without any interest or compensation and all compensation. All charges and expenses that may be incurred by the Promoter in making relating to such refund cancellation shall be borne by the AllotteeAllottee and the Allottee shall keep the Promoter fully safe, harmless and indemnified in respect thereof. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued the Allotment Letter issued, or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project Complex as provided in the Act. Provided that, where the Allottee proposes to cancel/withdraw from the Project Complex without any fault of the PromoterPromoter , the Promoter herein shall be entitled to forfeit the Booking Amount paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottee. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee under this Agreement, the Promoter shall have the right to re-allot the Apartment Said Unit to any third party thereafter and the prior allotment in favour of the Allottee will stand cancelled. All rights of the Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its his allotment in the Project as provided in the Act. ; Provided that, that where the Allottee proposes to cancel/withdraw from the Project project without any fault of the PromoterOwner/promoter, the Promoter Owner/promoter herein shall be is entitled to forfeit the Booking Amount booking amount paid for the allotment., allotment along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the AllotteeAllottees. The balance amount of money paid by the Allottee shall be returned by the Promoter Owner/ promoter to the Allottee within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter in making such refund shall be borne by the Allottee. Upon withdrawal or cancellation of allotment by the Allottee Allottees under this Agreement, the Promoter Owner/ promoter shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottee Allottees will stand cancelled. All rights of the Allottee Allottees under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: A Greement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the The Allottee proposes to cancel/withdraw from the Project Project/Complex without any fault of the PromoterPromoters, the Promoter Promoters herein shall be entitled to forfeit the Booking Application Amount paid (being 10% of the Total Unit Price inclusive of applicable Taxes)paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the The Allottee. The balance amount of money paid by the The Allottee shall be returned by the Promoter Co-Owner/Developer to the The Allottee within 45 60 (forty fiveSixty) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter Co-Owner/Developer in making such refund shall be borne by the The Allottee. Upon withdrawal or cancellation of allotment by the The Allottee under this Agreement, the Promoter Promoters shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the The Allottee will stand cancelled. All rights of the The Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Allottee. The Allottee shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the The Allottee proposes to cancel/withdraw from the Project Project/Complex without any fault of the PromoterPromoters, the Promoter Promoters herein shall be entitled to forfeit the Booking Application Amount paid (being 10% of the Total Unit Price inclusive of applicable Taxes)paid for the allotment., along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the The Allottee. The balance amount of money paid by the The Allottee shall be returned by the Promoter to the Co-Owner/Developerto The Allottee within 45 60 (forty fiveSixty) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Promoter Co-Owner/Developer in making such refund shall be borne by the The Allottee. Upon withdrawal or cancellation of allotment by the The Allottee under this Agreement, the Promoter Promoters shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the The Allottee will stand cancelled. All rights of the The Allottee under any allotment letter issued or this Agreement shall also stand terminated.
Appears in 1 contract
Samples: Agreement for Sale