Cancellation by Purchaser. The Purchaser shall have the right to cancel/withdraw his/her/their/its allotment in the Project as provided in the Act: Provided that where the Purchaser proposes to cancel/withdraw from the project without any fault of the Developer, the Developer herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Purchaser shall be returned by the Developer to the Purchaser within 45 (forty-five) days of such cancellation.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
Cancellation by Purchaser. The Purchaser shall have the right to cancel/withdraw his/her/their/its his allotment in the Project as provided in the Act: Provided that where the Purchaser proposes to cancel/withdraw from the project without any fault of the DeveloperSeller, the Developer Seller herein is entitled to forfeit the booking amount paid for the allotment15% of total price. The balance amount of money paid by the Purchaser shall be returned by the Developer Seller to the Purchaser within 45 (forty-five) days of such cancellation. In so far cancellation of allotment the purchaser have to submit their request before the seller and on execution of deed of cancellation of agreement said cancellation.
Appears in 3 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
Cancellation by Purchaser. The Purchaser shall have the right to cancel/withdraw his/her/their/its his allotment in the Project as provided in the Act: Provided that where the Purchaser proposes to cancel/withdraw from the project without any fault of the Vendor/Developer, the Vendor/Developer herein is entitled to forfeit 5% of the booking total consideration amount paid for the allotmentof apartment. The balance amount of money paid by the Purchaser shall be returned by the Vendor/Developer to the Purchaser within 45 (forty-five) days 6 months of such cancellation and any due receivable shall be payable by the Purchaser on cancellation.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
Cancellation by Purchaser. The Purchaser Purchaser(s) shall have the right to cancel/withdraw his/her/their/its his allotment in the Project as provided in the Act: Provided that where the Purchaser Purchaser(s) proposes to cancel/withdraw from the project Project without any fault of the Developer, the Developer herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Purchaser Purchaser(s) shall be returned by the Developer to the Purchaser Purchaser(s) within 45 (forty-five) five days of such cancellation.
Appears in 2 contracts
Samples: Agreement for Sale, Sale Agreement
Cancellation by Purchaser. The Purchaser shall have the right to cancel/cancel/ withdraw his/her/their/its his allotment in the Project as provided in the Act: Provided that where the Purchaser purchaser proposes to cancel/withdraw from the project without any fault of the Developerdeveloper, the Developer developer herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Purchaser purchaser shall be returned by the Developer developer to the Purchaser purchaser within 45 (forty-five) days of such cancellation.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
Cancellation by Purchaser. The Purchaser purchaser shall have the right to cancel/withdraw his/her/their/its his allotment in the Project as provided in the Act: Provided that where the Purchaser purchaser proposes to cancel/withdraw from the project without any fault of the Developerpromoter, the Developer promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Purchaser purchaser shall be returned by the Developer promoter to the Purchaser purchaser within 45 (forty-five) days of such cancellation.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Purchaser. The Purchaser shall have the right to cancel/withdraw his/her/their/its his allotment in the Project as provided in the Act: Provided that where the Purchaser proposes to cancel/withdraw from the project without any fault of the Developerpromoter, the Developer promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Purchaser shall be returned by the Developer promoter to the Purchaser within 45 (forty-five) days of such cancellation.
Appears in 1 contract
Samples: Agreement for Sale
Cancellation by Purchaser. 7.5.1. The Purchaser shall have the right to cancel/withdraw his/her/their/its his allotment in the Project as provided in the Act: .
7.5.2. Provided that where the Purchaser proposes propose to cancel/withdraw from the project without any fault of the DeveloperDevelopers, the Developer Developers herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Purchaser purchaser shall be returned by the Developer Developers to the Purchaser within 45 (forty-five) days of such cancellation.
Appears in 1 contract
Samples: Sale Agreement
Cancellation by Purchaser. The Purchaser shall have the right to cancel/withdraw his/her/their/its his allotment in the Project project as provided in the Act: act. Provided that where the Purchaser allottee proposes to cancel/withdraw from the project without any fault of the DeveloperSeller, the Developer Seller herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Purchaser shall be returned by the Developer Seller to the Purchaser within 45 (forty-five) days of such cancellation.
Appears in 1 contract
Samples: Sale Agreement
Cancellation by Purchaser. The Purchaser shall have the right to cancel/withdraw his/her/their/its his allotment in the Project as provided in the Act: Provided that where the Purchaser proposes to cancel/withdraw from the project without any fault of the Developer, the Developer herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Purchaser shall be returned by the Developer to the Purchaser within 45 (forty-five) days of such cancellation.
Appears in 1 contract
Samples: Sale Agreement
Cancellation by Purchaser. The Purchaser shall have the right to cancel/withdraw his/her/their/its his allotment in the Project as provided in the Act: Applicable Laws. Provided that where the Purchaser proposes to cancel/withdraw from the project Project without any fault of the DeveloperPromoter, the Developer Promoter herein is entitled to forfeit an amount equal to the booking amount paid for the allotmentCancellation Charges. The balance amount of money paid by the Purchaser shall be returned by the Developer Promoter to the Purchaser within 45 (forty-forty five) days of such cancellation.
Appears in 1 contract
Samples: Sale Agreement
Cancellation by Purchaser. The Purchaser shall have the right to cancel/withdraw his/her/their/its his allotment in the Project as provided in the Act: Provided that where the Purchaser proposes to cancel/withdraw from the project without any fault of the DeveloperPromoter, the Developer Promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Purchaser shall be returned by the Developer Promoter and the Owner to the Purchaser within 45 (forty-five) days of such cancellationcancellation (without interest).
Appears in 1 contract
Samples: Construction Contract