Common use of Compensation Clause in Contracts

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 319 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

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Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 76 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty- five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 28 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]] which shall be paid by the promoter to the allottee within forty- five days of it becoming due.

Appears in 27 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 25 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due.Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 23 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Apartment which shall be paid by the promoter to the allottee within forty- five days of it becoming due.

Appears in 19 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him the Promoter in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Apartment which shall be paid by the promoter to the allottee within forty- five days of it becoming due.

Appears in 18 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him due to defective title of the land, land on which the project is being developed or has been developed, in the manner as provided provide under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; or (ii) due to discontinuance of his business as a developer Promoter on account of suspension or revocation of the registration under the Act; , or for any other reason; , the Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due ; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Apartment which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 12 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if is the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of is becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]] which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 11 contracts

Samples: 202.61.117.163, 202.61.117.163, 202.61.117.163

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter promoter shall be liable, on demand to the allotteesAllottee, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within 45 days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Apartment which shall be paid by the promoter to the Allottee within 45 days of it becoming due.

Appears in 11 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the plot [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 plot [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the plot [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 11 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 11 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale of Flat

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter shall be liable, on demand to the allotteesAllottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 10 contracts

Samples: See Rule 91 Agreement for Sale, See Rule 91 Agreement for Sale, See Rule 91 Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does Allotteedoes not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules theRules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 7 contracts

Samples: 202.61.117.163, 202.61.117.163, 202.61.117.163

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him due to defective title of the land, 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 section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [(Apartment/Plot] ) (i) in accordance with the terms of this Agreement, Agreement duly completed by the date specified hereinin para 7.1; 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; reason the Promoter promoter shall be liable, liable on demand to the allottees, in case the Allottee 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 [(Apartment/Plot], ) with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within 45 days of it becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [(Apartment/Plot]) which shall be paid by the promoter to the allottee within forty five days of it becoming due.

Appears in 6 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter promoter shall compensate the Allottee in case of any loss caused to him due to defective title of the land, on which the project is being developed develop or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if . If the promoter fails to complete or is unable to give possession of the [[ Apartment/Plotplot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; or (ii) due to discontinuance of his business as a developer Developer on account of suspension or revocation of the registration under the Act; , or for any other reason; , the Promoter promoter shall be liable, on demand to the allottees, Allottees in case the Allottee wishes to withdraw from the Project, project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days rules including compensation in the manner as provided under the Act. Provided Act within forty-five days of it becoming due provided that where if the Allottee does not intend to withdraw from the Projectproject, the Promoter promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [the[ Apartment/Plot]] Which shall be paid by the promoter to the Allottee within forty- five days of it becoming due.

Appears in 6 contracts

Samples: 202.61.117.163, 202.61.117.163, 202.61.117.163

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within fortyfive days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 6 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty- five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 6 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] residential unit (i) in accordance with the terms of this the 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 (iii) any other reason; , the Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot]residential unit, with interest at the rate specified in the Rules within 45 ninety days including compensation in the manner as provided under the Act. : Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay to the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Residential unit.

Appears in 5 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot]plot, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]plot, which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 5 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter on account of suspension or revocation of the registration under the Act; or for any other reason; the Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 5 contracts

Samples: ] Agreement, ] Agreement, ] Agreement

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him due to defective title of the land, on which onwhich the project is being developed or has been developed, in the manner as provided under the Act and the claim for claimfor compensation under this section shall not be barred by limitation provided under any law for the time being in forceinforce. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of possessionof the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinspecifiedherein; or (ii) due to discontinuance of his business as a developer on account of suspension or revocation of the registration theregistration under the Act; or for any other reason; the Promoter shall be liable, on demand to the allottees, in case the casethe Allottee wishes to withdraw from the Project, without prejudice to any other remedy available, to return the total thetotal amount received by him in respect of the [Apartment/Plot], with interest at the rate specified in the Rules within Ruleswithin 45 days including compensation includingcompensation in the manner as provided under the Act. Provided that where if the Allottee does Allotteedoes not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules theRules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 5 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter Promoter/ Owner shall compensate the Allottee in case of any loss caused to him due to defective title of the landSaid Premises, on which the project Project is being developed or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 4 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Bungalow (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allotteesAllottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], Bungalow with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Bungalow which shall be paid by the Promoter to the Allottee within forty five days of it becoming due.

Appears in 4 contracts

Samples: Agreement for Sale Cum Assignment, Agreement for Sale Cum Assignment, Agreement for Sale Cum Assignment

Compensation. The Promoter shall compensate the Allottee 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 interest @ 11 % per year under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules @11% per year for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within ninety days of it becoming due.

Appears in 4 contracts

Samples: A’ Agreement for Sale, A’ Agreement for Sale, A’ Agreement for Sale

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin Para 7.1; 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 Promoter shall be liable, on demand to of the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the ActAct within 45 days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the Promoter to the Allottee within 45 days of it becoming due.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Promoter fails to complete or is unable to give possession of the [Apartment/Plot] (iApartment(i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allotteesAllottee, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within 45 days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Apartment which shall be paid by the promoter to the Allottee within 45 days of it becoming due.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]] which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 3 contracts

Samples: 202.61.117.163, 202.61.117.163, 202.61.117.163

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], Plot with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Plot which shall be paid by the Promoter to the Allottee within forty five days of it becoming due.

Appears in 3 contracts

Samples: Agreement for Sale‐cum‐assignment, Agreement for Sale Cum Assignment, Agreement for Sale Cum Assignment

Compensation. The Promoter Developer shall compensate the Allottee in case of any loss caused to him due to defective title of the land, land on which the project Project is being developed or has been developed, in the manner as provided under the Act applicable laws and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Developer fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date Developer within the Committed Possession Date, as specified hereinin para 7.1 above; or (ii) due to discontinuance of his business as a developer on account of suspension or revocation of the registration under the Act; or , or, (iii) for any other reason; the Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, without prejudice to any other remedy available, the Developer shall be liable, to return the total amount received by him in respect of the [Apartment/Plot], on demand to the Allottees, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Actapplicable laws within 45 (forty-five) days of it becoming due. Provided that That where if the Allottee does not intend to withdraw from the Project, the Promoter Developer shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, delay till the handing over of the possession of the [Apartment/Plot], which shall be paid by the Developer to the Allottee within 45 (forty-five) days of it becoming due.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules Rule for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the flat [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 f lat [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the flat [Apartment/Plot], which shall be paid by the promoter to the allottee within forty- five days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him the Promoter in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 forty-five days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter Land Owner shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter promoter shall be liable, on demand to the allotteesAllottee, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within 45 days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Apartment which shall be paid by the promoter to the Allottee within 45 days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee Allottee(s) in case of any loss caused to him / her / their due to defective title of the land, land on which the project Project thereof is being developed or has been developed, in the manner as provided under the Act applicable laws and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; or (ii) due to discontinuance of his its business as a developer Promoter on account of suspension or revocation of the registration under the Act; Act or for any other reason; , the Promoter shall be liable, on demand to the allotteesAllottee(s), in case the Allottee wishes Allottee(s) wishe(s) to withdraw from the Project, without prejudice to any other remedy available, to return the total amount received by him it in respect of the [said Apartment/Plot], with applicable interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Actapplicable laws within 45 (forty-five) days of it becoming due. Provided that where if the Allottee does Allottee(s) do(es) not intend to withdraw from the Project, the Promoter shall pay the Allottee Allottee(s) applicable interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the Promoter to the Allottee(s) within 45 (forty-five) days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plotflat], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. , Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].flat

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days of it becoming due including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Apartment which shall be paid by the promoter to the Allottee within 45 days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin Para 7.1; 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 Promoter shall be liable, on demand to the allotteesAllottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the Allottee within forty-five days of it becoming due.

Appears in 2 contracts

Samples: Annexure „a‟ Agreement for Sale, Annexure „a‟ Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time time, being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Promoter fails to complete or is unable to give possession of the [Apartment/Plot] 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 (iii) any other reason; the Promoter shall be liable, on demand to the allotteesAllottees, in case the Allottee 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 [Apartment/Plot]Unit, with interest at the rate specified in the Rules within 45 ninety days including compensation in the manner as provided under the Act. : Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay to the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Unit.

Appears in 2 contracts

Samples: Buyer Agreement, Buyer Agreement

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin Para 7.1; 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 Promoter shall be liable, on demand to of the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the ActAct within 45 days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the Promoter to the Allottee within 45 days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, . if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, . duly completed by the date specified herein; or (ii) due 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 2 contracts

Samples: Annexure 'A', Annexure 'A'

Compensation. The Vendors/Promoter shall compensate the Allottee Allottee(s) 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails Vendors/Promoter fail to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified herein; or (ii) due 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 Vendors/Promoter shall be liable, on demand to the allotteesAllottees, in case the Allottee wishes Allottee(s)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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee Allottee(s) does not intend to withdraw from the Project, the Vendors/Promoter shall pay the Allottee Allottee(s) interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Duplex (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot]Duplex, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Duplex, which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him due to defective title leasehold interest 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Unit (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him the Promoter in respect of the [Apartment/Plot]Unit, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Unit which shall be paid by the promoter to the allottee within forty- five days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Assignment

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] said UNIT (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on o n demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot]said UNIT, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]said UNIT which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 2 contracts

Samples: Draft Agreement for Sale, Draft Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him the Promoter in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 forty-five days including compensation in the manner as provided under the Act. ; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) plot in accordance with the terms of this Agreement, duly completed by the date specified hereinin Para 7.1; 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 Promoter shall be liable, on demand to the allotteesAllottees, in case the Allottee 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 [Apartment/Plot]plot, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within fortyfive days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]plot, which shall be paid by the promoter to the Allottee within forty-five days of it becoming due.

Appears in 2 contracts

Samples: www.rera.mp.gov.in, www.rera.mp.gov.in

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter shall be liable, on demand to the allottees, in case the casethe Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 2 contracts

Samples: Agreement for Sale, Agreementforsale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [ApartmentDuplex/Plot] Plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [ApartmentDuplex/Plot], Plot with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty- five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [ApartmentDuplex/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Apartment/ Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Apartment/ Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Apartment/ Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 2 contracts

Samples: Draft Aggrement, Draft Aggrement

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plotflat] (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plotflat], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plotflat].

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (iApartment(i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty- five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin Para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot]Apartment/ Shops, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Apartment/ Shops) which shall be paid by the promoter to the allottee within forty- five days of it becoming due.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Compensation. The Promoter Vendor/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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Vendor/Developer fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (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 Promoter Vendor/Developer shall be liable, on demand to the allotteesPurchasers, 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 [Apartment/Plot], with interest at the rate specified in the Rules @ 12% p.a. within 45 days 6 months including compensation in the manner as provided under the Act. Provided that where if the Allottee Purchaser does not intend to withdraw from the Project, the Promoter Vendor/Developer shall pay the Allottee Purchaser interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due.Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified herein; in para 7.1: or (ii) due to discontinuance of his this business as a developer on account of suspension or revocation of the registration under the Act; : or for any other reason; , the Promoter promoter shall be liable, on demand to the allottees, in case the Allottee allottee wishes to withdraw from the Projectproject, without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], Apartment with interest at the rate specified prescribed in the Rules within 45 days rules including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Projectproject, the Promoter promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Commercial 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot]Commercial Unit, with interest at the rate specified in the Rules within 45 (forty five) days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Commercial Unit.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter Vendor shall compensate the Allottee Allottee/s 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Vendor fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified herein; or (ii) due to discontinuance of his its business as a developer on account of suspension or revocation of the registration under the Act; or for any other reason; the Promoter Vendor shall be liable, on demand to the allotteesAllottee/s, in case the Allottee Allottee/s 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee Allottee/s does not intend to withdraw from the Project, the Promoter Vendor shall pay the Allottee Allottee/s interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

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Compensation. The Promoter Vendor/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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Vendor/Developer fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (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 Promoter Vendor/Developer shall be liable, on demand to the allotteesPurchasers, 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 [Apartment/Plot], with interest at the rate specified in the Rules @ 12% p.a. within 45 days 6 months including compensation in the manner as provided under the Act. Provided that where if the Allottee Purchaser does not intend to withdraw from the Project, the Promoter Vendor/Developer shall pay the Allottee Purchaser interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter Developer shall compensate the Allottee Purchaser in case of any loss caused to him due to defective title of the landsaid Property, on which the project complex is being developed or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure Mejeure event, if the promoter Developer fails to complete or is unable to give possession of the [Apartment/Plot] designated unit (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter Developer shall be liable, on demand to the allotteesPurchasers, in case the Allottee Purchaser wishes to withdraw from the Project, Complex without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot]designated unit, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due: Provided that where if the Allottee Purchaser does not intend to withdraw from the ProjectComplex, the Promoter Developer shall pay the Allottee Purchaser interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]designated unit which shall be paid by the Developer to the purchaser within forty five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter No.2 shall compensate the Allottee Allottee/s in case of any loss caused to him him/her/its 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Promoter No.2 fails to complete or is unable to give possession of the [Apartment/Plot] Schedule-C Property (i) in accordance with the terms of this Agreement, duly completed by the date specified herein; or (ii) due to discontinuance of his its business as a developer on account of suspension or revocation of the registration under the Act; or for any other reason; the Promoter No.2 shall be liable, on demand to the allotteesAllottee/s, in case the Allottee Allottee/s wishes to withdraw from the Project, without prejudice to any other remedy available, to return the total amount received by him him/her/itself in respect of the [Apartment/Plot]Schedule-C Property, with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Actninety days. Provided that where if the Allottee Allottee/s does not intend to withdraw from the Project, the Promoter No.2 shall pay the Allottee Allottee/s interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Schedule-C Property.

Appears in 1 contract

Samples: Agreement of Sale

Compensation. The Promoter Lessor shall compensate the Allottee in case of any loss caused to him due to defective title interest 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Promoter fails to complete or is unable to give possession of the [Apartment/Plot] Unit (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allotteesAllottee, in case the Allottee 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 [Apartment/Plot]Unit, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within 45 days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Unit which shall be paid by the promoter to the Allottee within 45 days of it becoming due.

Appears in 1 contract

Samples: Agreement for Lease

Compensation. The Promoter Developer shall compensate the Allottee Buyers in case of any loss caused to him them 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 applicable laws and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Developer fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; or (ii) due to discontinuance of his business as a developer on account of suspension or revocation of the registration under the Act; relevant provisions of law, or for any other reason; , the Promoter Developer shall be liable, on demand to the allotteesBuyers, in case the Allottee Buyers wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation if any in the manner as provided under the Act. applicable laws in force within forty-five days of it becoming due; Provided that where if the Allottee does Buyers do not intend to withdraw from the Projectproject, the Promoter shall Developershall pay the Allottee Buyers interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]apartment which shall be paid by the Developerto the Buyers within forty-five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to foils lo complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Actwithin forty- five days of it becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]] which shall be paid by the promoter to the allottee within forty- five daysof it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Owner/Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Owner/Promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (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 Owner/Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Owner/Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter Transferor shall compensate the Allottee in case of any loss caused to him due to defective title of the land, on which the project Real Estate Project is being developed or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Promoter fails to complete or is unable to give possession of the [Apartment/Plot] Said Apartment (i) in accordance with the terms of this Agreement, duly completed by the date Completion Date specified hereinin Clause 7.1; or (ii) due to discontinuance of his its business as a developer on account of suspension or revocation of the registration under the Act; , or for any other reason; , the Promoter shall be liable, on demand to the allotteesAllottee/s, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him the Transferor/Promoter in respect of the [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty- five days of it becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Apartment which shall be paid by the Promoter to the Allottee within forty- five days of it becoming due.

Appears in 1 contract

Samples: Agreement

Compensation. The Promoter Developer shall compensate the Allottee Allottee/s in case of any loss caused to by him due to defective title of the land, on which the project Project is being developed or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Developer fails to complete or is unable to give possession of the [Apartment/Plot] Unit (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; or (ii) due to discontinuance of his business as a developer Developer on account of suspension or revocation of the registration under the Act; , or for any other reason; , the Promoter Developer shall be liable, on demand to the allotteesAllottee/s, in case the Allottee Allottee/s wishes to withdraw from the Project, Project without prejudice to any other remedy available, available to return the total amount received by him in respect of the [Apartment/Plot]Unit, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within 45 (forty five) days of it becoming due; Provided that where if the Allottee Allottee/s does not intend to withdraw from the Retail/Commercial Space in the Project, the Promoter Developer shall pay the Allottee Allottee/s interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [ApartmentUnit which shall be paid by the Developer to the Allottee/Plot]s within 45 (forty five) days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter Vendor shall compensate the Allottee Purchaser/s in case of any loss caused to him him/her/them due to defective title of the land, said 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Vendor fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter Vendor shall be liable, on demand to the allotteespurchasers, 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee Purchaser does not intend to withdraw from the Project, the Promoter Vendor shall pay the Allottee Purchaser interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement to Sell

Compensation. The Promoter shall compensate the Allottee 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 provide under the Act and the claim for compensation under this section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Plot (i) in accordance with the terms term 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 (iii) any other reason; the Promoter shall be liable, on in demand to the allotteesallotees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 ninety days including compensation in the manner as provided under the Act. : Provided that where if the Allottee does not intend to withdraw from the The Project, the Promoter shall pay to the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [(Apartment/Plot] ) (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; or (ii) due to discontinuance of his business as a developer on a account of suspension or revocation of the registration under the Act; , or for any other reason; , the Promoter shall be liable, on demand to the allottees, in case the Allottee wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [(Apartment/Plot]), with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due; Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee Allotte interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [(Apartment/Plot]) which shall be paid by the promoter to the Allottee within forty-five days of if becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter Developer shall compensate the Allottee Purchaser in case of any loss caused to him due to defective title of the landsaid Property, on which the project complex is being developed or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure Mejeure event, if the promoter Developer fails to complete or is unable to give possession of the [Apartment/Plot] designated unit (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter Developer shall be liable, on demand to the allotteesPurchasers, in case the Allottee Purchaser wishes to withdraw from the Project, Complex without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot]designated unit, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty- five days of it becoming due: Provided that where if the Allottee Purchaser does not intend to withdraw from the ProjectComplex, the Promoter Developer shall pay the Allottee Purchaser interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]designated unit which shall be paid by the Developer to the purchaser within forty five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty‐five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty‐five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in forceinforce. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter Developer shall compensate the Allottee Purchaser in case of any loss caused to him due to defective title of the landsaid Property, on which the project is being developed or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure Mejeure event, if the promoter Developer fails to complete or is unable to give possession of the [Apartment/Plot] designated unit (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter Developer shall be liable, on demand to the allotteesPurchasers, in case the Allottee Purchaser wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot]designated unit, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within forty-five days of it becoming due: Provided that where if the Allottee Purchaser does not intend to withdraw from the Project, the Promoter Developer shall pay the Allottee Purchaser interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]designated unit which shall be paid by the Developer to the purchaser within forty five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter and the Owner shall compensate the Allottee in case of any loss caused to him him/her due to defective title of the land, on which the project Project is being developed or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Promoter fails to complete or is unable to give possession of the [Apartment/Plot] Unit (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin clause 8.1; 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 Promoter shall be liable, on demand to the allotteesAllottee, in case the Allottee 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 [Apartment/Plot]Unit, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within 45 (Forty Five) days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Unit.

Appears in 1 contract

Samples: Note

Compensation. The Promoter Owner 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Promoter fails to complete or is unable to give possession of the [Apartment/Plot] Unit (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 8.1; 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 Promoter and the Owner shall be liable, on demand to the allotteesPurchasers, in case the Allottee Purchaser wishes to withdraw from the Project, Project without prejudice to any other remedy available, to return the total amount received by him them respectively in respect of the [Apartment/Plot]Unit, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the Act. Act within 45 days of it becoming due : Provided that where if the Allottee Purchaser does not intend to withdraw from the Project, the Promoter and the Owner shall pay the Allottee Purchaser interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Unit which shall be paid by the Promoter to the Purchaser within 45 days of it becoming due.

Appears in 1 contract

Samples: Agreement

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Developer/Promoter shall compensate the Purchaser/Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Developer/Promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (ia) in accordance with the terms of this Agreement, duly completed by the date specified herein; or (iib) 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/Promoter shall be liable, on demand to the allotteesPurchasers/Allottees, in case the Purchaser/Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Purchaser/Allottee does not intend to withdraw from the Project, the Developer/Promoter shall pay the Purchaser/Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him due to defective title of the land, on which the project Project is being developed or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Unit (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allotteesAllottees, in case the Allottee 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 [Apartment/Plot]Unit, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Unit, which shall be paid by the promoter to the Allottee within forty-five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. (a) The Promoter Developer/Owner shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter Developer fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (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 Promoter Developer shall be liable, on demand to the allotteesAllottees, in case the Allottee 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 [Apartment/Plot], Apartment with interest at the rate specified in the Rules within 45 forty five days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter Developer shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].,

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter Vendor shall compensate the Allottee Allottee(s) 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 section shall not be barred by limitation provided under any law for the time being in forceinforce. Except for occurrence of a Force Majeure event, if the promoter Vendor fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (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 Promoter Vendor shall be liable, on demand to the allotteesAllottees, in case the Allottee Allottee(s) 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee Allottee(s) does not intend to withdraw from the Project, the Promoter Vendor shall pay the Allottee Allottee(s) interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him due to defective title defectivetitle 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (iUnit(i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot]Unit, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within ninety days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]] Unit, which shall be paid by the promoter to the allottee within ninety days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him due to defective title of the landlan, on which the project is being developed or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Apartment / Plot] (i) in ]: In accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1 or; or (ii) due 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Apartment / Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within sixty days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Apartment / Plot], which shall be paid by the promoter to the allottee within sixty days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter promoter shall compensate the Allottee Allottee(s) 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 interest and compensation under this section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified herein; or (ii) due 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 Promoter promoter shall be liable, on the registration under the Act: or for any other reason: the promoter shall be liable, on demand to the allotteesAllottee(s), in case the Allottee Allottee(s) wishes to withdraw from the Projectproject, without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee Allottee(s) does not intend to withdraw from the Project, project the Promoter promoter shall pay the Allottee Allottee(s) interest at the rate specified in the Rules for every month of delay, till the handing over of the possession possession, which shall be paid by the Promoter to the Allottee within forty-five days of the [Apartment/Plot]it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 section shall not be barred by limitation provided under any law for the time being in force. .Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]designated apartment.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot]plot, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]plot, which shall be paid by the promoter to the allottee within forty- five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him due to defective title of the landSaid Premises, on which the project Project is being developed or has been developed, in the manner as provided under the Act and the claim for compensation under this section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Said Property (i) in accordance with the terms of this Agreement, duly completed by the date specified herein; or (ii) due to discontinuance of his the Promoter’s business as a developer on account of suspension or revocation of the registration under the Act; or for any other reason; the Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot]Said Property, with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot]Said Property.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter Vendors shall compensate the Allottee in case of any loss caused to him him/her/them 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 section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails Vendors/ Developer fail to complete or is are unable to give possession of the [Apartment/Plot] said Apartment (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 Promoter Vendors/ Developer shall be liable, on demand to of the allotteesAllottee(s), in case the Allottee Allottee(s) 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 [Apartment/Plot], with interest at the rate Rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee Allottee(s) does not intend intent to withdraw from the Project, Project the Promoter Vendors/ Developer shall pay the Allottee Allottee(s) interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement of Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [ApartmentVillas/Plot] commercial plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; or (ii) due to discontinuance of his business as a developer promoter on account of suspension or revocation of the registration under the Act; or for any other reason; the Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [ApartmentVillas/Plot]commercial plot, with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [ApartmentVillas/Plot]commercial plot, which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (iPlot(i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin Para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty- five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him due to defective title of the landSaid Premises, on which the project Project is being developed or has been developed, in the manner as provided under the Act and the claim for compensation under this section shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified herein; or (ii) due to discontinuance of his the Promoter’s business as a developer on account of suspension or revocation of the registration under the Act; or for any other reason; the Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within forty- five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter Promoter/ Owner shall compensate the Allottee in case of any loss caused to him due to defective title of the landSaid Premises, on which the project Project is being developed or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Apartment (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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified in the Rules within 45 days including compensation in the manner as provided under the Act. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 1 contract

Samples: Agreement for Sale

Compensation. The Promoter shall compensate the Allottee 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time being in force. Except for occurrence of a Force Majeure event, if the promoter fails to complete or is unable to give possession of the [Apartment/Plot] Plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin Para 7.1; 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 Promoter shall be liable, on demand to the allottees, in case the Allottee 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 [Apartment/Plot], with interest at the rate specified prescribed in the Rules within 45 days including compensation in the manner as provided under the ActAct within forty-five days of it becoming due. Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate specified prescribed in the Rules for every month of delay, till the handing over of the possession of the [Apartment/Plot], which shall be paid by the promoter to the allottee within fourty five days of it becoming due.

Appears in 1 contract

Samples: Agreement for Sale

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