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 217 contracts

Samples: Agreement for Sale, Sale Agreement, 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 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 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, 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] 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, 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 24 contracts

Samples: Allotment Agreement, 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 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 16 contracts

Samples: Sale Agreement, Sale Agreement, Sale 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 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: Sale Agreement, 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 the 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 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 45 days of it becoming due.

Appears in 10 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

Compensation. The 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 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 [Said Apartment/Plot] (i) : i. in accordance with the terms of this Agreement, duly completed by the date specified hereinin Clause 7.1; or (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 by 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 it in respect of the [Said 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 60(Sixty) days of it becoming due. iii. Provided that where if the Allottee Allottee/s does not intend to withdraw from the Project, the Promoter 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 [Said Apartment, which shall be paid by the Promoter to the Allottee/Plot]s within 60(Sixty) days of it becoming due.

Appears in 10 contracts

Samples: Sale Agreement, Sale Agreement, Sale 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 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 10 contracts

Samples: Sale Agreement, Sale Agreement, Sale 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 Rule for every month of delay, till the handing over of the possession of the [Apartment/Plot].

Appears in 9 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 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 7 contracts

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

Compensation. The Promoter Promoter/ Owners shall compensate the Allottee in case of any loss caused to him due to defective title of the landLand, 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 herein; in 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], with Apartmentwith 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 ProjectProject , 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 6 contracts

Samples: Sale Agreement, Sale Agreement, Sale 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] 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 6 contracts

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

Compensation. The Promoter shall compensate the Allottee in case of any loss 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 the 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/ Flat (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin Para 7.1 above; 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 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]Apartment/ Flat, 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 intent to withdraw from the Project, 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]Apartment/ Flat, which shall be paid by the Promoter to the Allottee within forty-five days of it becoming due.

Appears in 5 contracts

Samples: Sale Agreement, Sale Agreement, Sale 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 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 5 contracts

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

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to by 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] (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, 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 5 contracts

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

Compensation. The 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 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 / Row House (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’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]Duplex / Row House, 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 Allottee’s does not intend to withdraw from the Project, the Promoter 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 [Apartment/Plot]Duplex / Row House, which shall be paid by the promoter to the allottee’s 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 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 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 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 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 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 Allottee’s does not intend to withdraw from the Project, the Promoter 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 [Apartment/Plot], which shall be paid by the promoter to the allottee’s within forty-five days of it becoming due.

Appears in 4 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: Sale Agreement, Sale Agreement, Sale 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 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: 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/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 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], 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 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 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: Sale Agreement, Sale Agreement, Sale 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 interest and compensation under this section provision shall not be barred by limitation provided under any law for the time lime 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 he 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 4 contracts

Samples: Agreement for Sale, Sale Agreement, 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 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], which shall be paid by the promoter to the allottee within ninety days of it becoming due.

Appears in 4 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale (Flats)

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 3 contracts

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

Compensation. The Promoter shall compensate the Allottee 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 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 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 them 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 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] 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: Sale Cum Assignment Agreement, Sale Agreement, Sale 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 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 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 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Sale 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 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 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/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 3 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

Compensation. The 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 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 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 shall pay the Allottee Allottee(s) interest at the rate specified in the Rules for every month of delay, till the handing over handingover of the possession of the [Apartment/Plot].

Appears in 3 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

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 Allotteewithin forty- five days of it becoming due.

Appears in 3 contracts

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

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: Sale Agreement, Sale Agreement, Sale 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 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/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 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], 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 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: 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 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

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

Compensation. The Promoter shall compensate the Allottee in case of any loss caused losscaused 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 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: Sale Agreement, Sale 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 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: 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 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 2 contracts

Samples: Sale Agreement, 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: Sale Agreement, Sale Agreement

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 herein; or in para 7.1 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 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: 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 2 contracts

Samples: Sale Agreement, 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 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: 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: Sale Agreement, Assignment 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/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: Sale Agreement, Sale 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 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: 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: Sale Agreement, Sale 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 not 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 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 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 2 contracts

Samples: Sale Agreement, Sale 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 specifi ed 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 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: Sale Agreement, Sale Agreement

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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 [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: Sale Agreement, Sale 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 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: Agreement for Sale, Agreement for Sale

Compensation. The Promoter Promoter/ Owners shall compensate the Allottee in case of any loss caused to him due to defective title of the landLand, 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 herein; in 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], Apartment 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 ProjectProject , 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: Sale Agreement, Sale 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 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 of the land, on which the project is being developed or has been developeddeveloped and which defect was known to the Promoter and the Promoter had willfully not disclosed the same to the Allottee, 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] said 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 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]said Unit, 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 prescribed in the Rules (presently being State Bank of India PLR plus 2% per annum) for every month of delay, till the handing over of the possession of the [Apartment/Plot]said Unit.

Appears in 2 contracts

Samples: Sale Agreement, Sale 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: Sale Agreement, Sale 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 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: Sale Agreement, Sale 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 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: Sale Agreement, 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 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 2 contracts

Samples: Sale Agreement, Sale Agreement

Compensation. The Promoter Vendor shall compensate the Allottee Allottee(s) 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 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 them 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 2 contracts

Samples: Sale Agreement, Sale 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 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 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]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 Owners shall compensate the Allottee Allottees 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 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 allotteesallottee, in case the Allottee wishes Allottees wish 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 Allottees does not intend to withdraw from the Project, the Promoter shall pay the Allottee Allottees 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 it due to defective title of the landsaid Property, on which the project Project is being developed or has been developed, in the manner as may be 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 herein; or (ii) due to discontinuance of his its business as a developer Promoter on account of suspension or revocation of the registration registration, if any, under the Act; 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], along with simple interest at the rate specified as may prescribed in the Rules within 45 days including compensation in the manner as provided may be prescribed 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 as 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: Sale Agreement, Sale 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 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: Sale Agreement, Sale Agreement

Compensation. The Promoter shall compensate the Allottee in case of any loss is caused to him due to defective title of the land, on which the project is being developed or has been developed, and which defect was known to the Promoter and the Promoter had willfully not disclosed the same to the Allottee 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. under 7.6.1 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] Designated House Building and the Designated Plot (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin clause 7.1; or (iiii ) 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, Project without prejudice to any other remedy available, to return the total amount received by him the Promoter in respect of the [Apartment/Plot]Designated 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 Projectproject, 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 Property.

Appears in 1 contract

Samples: Sale Agreement

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: Sale Agreement

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: Sale 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 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 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/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 shall compensate the Allottee Allottee(s) in case of any loss 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 the 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/ Flat (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin Para 7.1 above; 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 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 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 Allottee(s) does not intend intent to withdraw from the Project, Project the 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], which shall be paid by the Promoter to the Allottee(s) within forty-five days of it becoming due.

Appears in 1 contract

Samples: Sale Agreement

Compensation. The Promoter 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 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 allotteespurchaser, 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 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 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]] which shall be paid by the promoter 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] (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 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; reasow, 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: Deed of Conveyance

Compensation. The Promoter 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 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(s) (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin para 6.1; 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(s), 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(s), which shall be paid by the promoter to the allottee within forty-five days of it becoming due.

Appears in 1 contract

Samples: Sale 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 manners 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 hereinhere in; 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 them anneras provided under the Act. Provided 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 forever month of delay, delay ,till the handing over of the possession of the [Apartmentthe[Apartment/Plot].

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 Developer and the Vendor shall compensate the Allottee Purchaser in case of any loss caused to him him/her/them/it 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 fails to complete or is unable to give possession of the [Apartment/Plot] Schedule “B” Property (i) in accordance with the terms of this Agreement, duly completed by the date specified herein; or (ii) due to discontinuance of his his/her/their/its 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 allotteesPurchaser, 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 him/her/them/it in respect of the [Apartment/Plot]Schedule “B” 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 Purchaser does not intend to withdraw from the Project, the Promoter Developer shall pay the Allottee Purchaser an 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 “B” Property.

Appears in 1 contract

Samples: Sale Agreement

Compensation. The Promoter shall compensate the Allottee in case of any loss caused to him 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 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 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]Unit, with interest at the rate specified in the Rules within 45 days including [presently being State Bank of India PLR plus 2% (two percent) per annum] as compensation in the manner as provided under the Act within the period mentioned in 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 (presently being State Bank of India PLR plus 2% (two percent) per annum) for every month of delay, till the handing over of the possession of the [Apartment/Plot]Unit.

Appears in 1 contract

Samples: Sale Agreement

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 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 (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: Sale Agreement

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 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

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, 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 AIlottee 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 in respect of the land, Project 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] Apartment (i) in accordance with the terms of this Agreement, duly completed by the date specified hereinin Clause 7.1; or (ii) due to discontinuance of his business as a developer 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 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 (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 45 (forty-five) days of it becoming due.

Appears in 1 contract

Samples: Transfer 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 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 [Apartmentsaid unit/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, Project without prejudice to any other remedy available, to return the total amount received by him in respect of the [Apartmentsaid unit/Plot]apartment, 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 [Apartmentsaid unit/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: Sale 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: Sale 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 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 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]Duplex, 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] 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: Sale Agreement

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: Sale 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 provide d 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 acco unt of suspension or revocation of the registration under the Act; , or for any an y 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 [th e 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 1 contract

Samples: Unit Sale 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 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]apartment, 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]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 for Sale

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