Common use of CONVEYANCE OF THE SAID APARTMENT Clause in Contracts

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of issuance of the occupancy certificate* and/or the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the plot [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the plot [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of the full payment issuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the AllotteeAllottee along with taking care and/or maintenance of the plot as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam Xxxxxxxx Xxxxxxxxx 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of 75% of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of AllotteesAreas, within 3 months from the date of receipt of such 75% amount. issuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the plot [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the plot [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of the full payment issuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the AllotteeAllottee along with taking care and/or maintenance of the plot as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] Apartment as per para 1.2 under the Agreement from the Allottee’s, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, Apartment together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of full payment or issuance of the occupancy completion certificate* and/or whichever is earlier. and the completion certificate, as the case may be, to the allottee’s. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee allottees shall be carried out by the promoter within 3 months from the date of issue of occupancy completion certificate]. However, in case the Allottee Allottee’s fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee Allottee’s authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the Allottee’s along with taking care and/or maintenance of the apartment as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plotapartment flat, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam Xxxxxxxx Xxxxxxxxx 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive individually by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the plot [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the plot [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of the full payment issuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the AllotteeAllottee along with taking care and/or maintenance of the plot as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam Xxxxxxxx Xxxxxxxxx 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Post the Society Conveyance, the Society shall be responsible for the operation and management and supervision of the Project including common areas, facilities and amenities and the Promoter shall not be responsible for the same. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [ApartmentApartme nt/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of AllotteesAllottees , within 3 months from the date of issuance of the occupancy certificate* and/or and /or the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificatecertificat e]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire en tire proportionate common area with respect to all the apartments/plots in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining obt aining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration conside ration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] Apartment as per para 1.2 under the Agreement from the Allottee’s, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, Apartment together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of full payment or issuance of the occupancy completion certificate* and/or whichever is earlier. and the completion certificate, as the case may be, to the allottee’s. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee allottees shall be carried out by the promoter within 3 months from the date of issue of occupancy completion certificate]. However, in case the Allottee Allottee’s fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee Allottee’s authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the Allottee’s along with taking care and/or maintenance of the apartment as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plotapartment flat, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive individually by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartmentrow house[Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartmentrow house[Apartment/Plot] to the Allottee, together Plot]together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of issuance receipt of the full paymentissuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the AllotteeAllottee along with taking care and/or maintenance of the row house as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Post the Society Conveyance, the Society shall be responsible for the operation and management and supervision of the project including common areas, facilities and amenities and the Promoter shall not be responsible for the same. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] ], as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee], together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of the full payment issuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the AllotteeAllottee along with taking care and/or maintenance of the apartment as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam Xxxxxxxx Xxxxxxxxx 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Post the Society Conveyance, the Society shall be responsible for the operation and management and supervision of the Project including common areas, facilities and amenities and the Promoter shall not be responsible for the same. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of AllotteesAllottees , within 3 months from the date of issuance of the occupancy certificatecertificat e* and/or and /or the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificatec ertificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment p ayment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots in the projectp roject, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made ma de clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate proportiona te common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of 75% of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of AllotteesAreas, within 3 months from the date of receipt of such 75% amount. issuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam Xxxxxxxx Xxxxxxxxx 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the plot [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the plot [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of the full payment issuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the AllotteeAllottee along with taking care and/or maintenance of the plot as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Post the Society Conveyance, the Society shall be responsible for the operation and management and supervision of the Project including common areas, facilities and amenities and the Promoter shall not be responsible for the same. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] Apartment as per para 1.2 under the Agreement from the Allottee’s, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, Apartment together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of full payment or issuance of the occupancy completion certificate* and/or whichever is earlier, and the completion certificate, as the case may be, to the allottee’s. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee allottees shall be carried out by the promoter within 3 months from the date of issue of occupancy completion certificate]. However, in case the Allottee Allottee’s fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee Allottee’s authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the Allottee’s along with taking care and/or maintenance of the apartment as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive individually by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of AllotteesAllo ttees, within 3 months from the date of issuance of the occupancy certificate* and/or and /or the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried carri ed out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter Promot er to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate prop ortionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots in the project, to the Association of AllotteesAllottees , by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of o f the [Apartment/Plot] Plot as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance conveyan ce deed and convey con vey the title of the [Apartment/Plot] Plot to the Allottee, together with proportionate indivisible share in the only such Common Areas which can be transf erred, to the Association of AllotteesAllottees , within 3 months from the date of issuance of the occupancy certificatecertific ate* and/or and /or the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer xxxx sfer the such entire proportionate common area which can be transferred, with respect to all the apartments/plots in the project, to the Association of Allottees, by executing executin g a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002Deed , within three months of obtaining the Completion/Occupancy Certificate, as the th e case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. b e. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter Promo ter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of o f the [Apartment/Plot] Plot as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey con vey the title of the [Apartment/Plot] Plot to the Allottee, together with proportionate indivisible share in the only such Common Areas which can be transf erred, to the Association of AllotteesAllottees , within 3 months from the date of issuance of the occupancy certificate* and/or and /or the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp sta mp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire such e ntire proportionate common area which can be transferred, with respect to all the apartments/plots in the project, to the Association of Allottees, by executing executin g a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002Deed , within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further fu rther that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall shal l always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of issuance of the occupancy certificate* and/or the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until till payment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. XX Xxxxxxxxx Swamitva Adhiniyam 20022000, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] ], as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee], together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of the full payment issuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the AllotteeAllottee along with taking care and/or maintenance of the apartment as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Post the Society Conveyance, the Society shall be responsible for the operation and management and supervision of the Project including common areas, facilities and amenities and the Promoter shall not be responsible for the same. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/PlotFlat] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of issuance of the occupancy certificate* and/or the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam Xxxxxxxx Xxxxxxxxx 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the PromoterPromoter and Land Owner, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and Land Owner and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of AllotteesAllottees , within 3 months from the date of issuance of the occupancy certificate* and/or and /or the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee All ottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area ar ea with respect to all the apartments/plots in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of the full payment issuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 one months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the AllotteeAllottee along with taking care and/or maintenance of the apartment as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Post the Society Conveyance, the Society shall be responsible for the operation and management and supervision of the Project including common areas, facilities and amenities and the Promoter shall not be responsible for the same. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] Apartment as per para 1.2 under the Agreement from the Allottee’s, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, Apartment together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of full payment or issuance of the occupancy completion certificate* and/or whichever is earlier, and the completion certificate, as the case may be, to the allottee’s. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee allottees shall be carried out by the promoter within 3 months from the date of issue of occupancy completion certificate]. However, in case the Allottee Allottee’s fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee Allottee’s authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the Allottee’s along with taking care and/or maintenance of the apartment as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam Xxxxxxxx Xxxxxxxxx 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive individually by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of the full payment issuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the AllotteeAllottee along with taking care and/or maintenance of the apartment as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Post the Society Conveyance, the Society shall be responsible for the operation and management and supervision of the Project including common areas, facilities and amenities and the Promoter shall not be responsible for the same. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f11(4 )(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of AllotteesAllottees , within 3 months from the date of issuance of the occupancy certificate* and/or and /or the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed de ed in his/her favour until payment of stamp duty and registration charges to the Promoter is made by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual individua l apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots in the project, to the Association of AllotteesAllottees , by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam Adhin iyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is being transferred to the Association of the Allottees by operation and in compliance of the provisions provi sions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of the plot [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey the title of the plot [Apartment/Plot] to the Allottee, together with proportionate indivisible share in the Common Areas to the Association of Allottees, within 3 months from the date of receipt of the full payment issuance of the occupancy certificate* and/or and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges and mutation charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges and mutation charges to the Promoter is made by the AllotteeAllottee along with taking care and/or maintenance of the plot as already mentioned in clause 7.3 first above. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the entire proportionate common area with respect to all the apartments/plots units in the project, to the Association of Allottees, by executing a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002, within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Post the Society Conveyance, the Society shall be responsible for the operation and management and supervision of the project including common areas, facilities and amenities and the Promoter shall not be responsible for the same. Provided further that since the entire proportionate common area is being shall be transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of Allottees, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of law.

CONVEYANCE OF THE SAID APARTMENT. The Promoter, on receipt of Total Price of o f the [Apartment/Plot] Plot as per para 1.2 under the Agreement from the Allottee, shall in compliance with provisions of Sec 11(4)(f) and Sec 17 of the Act, execute a conveyance deed and convey con vey the title of the [Apartment/Plot] Plot to the Allottee, together with wit h proportionate indivisible share in the only such Common Areas which can be transf erred, to the Association of AllotteesAllottees , within 3 months from the date of issuance of the occupancy certificate* and/or and /or the completion certificate, as the case may be, to the allotteeall ottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp stam p duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour until payment of stamp duty and registration charges to the Promoter is made mad e by the Allottee. Provided further that the Promoter may instead of executing separate transfer deeds of proportionate common area, along with each individual apartment/plot, may transfer the such entire proportionate common area which can be transferre d, with respect to all the apartments/plots in the project, to the Association of Allottees, by executing executin g a single Deed, in accordance with the provisions of the X.X. Xxxxxxxxx Swamitva Adhiniyam 2002Deed , within three months of obtaining the Completion/Occupancy Certificate, as the case may be. It is hereby made clear, that in either case the entire cost of the transfer deed to executed with respect to the proportionate common areas, shall be borne exclusive by each of the Allottee or the Association of Allottees, as the case may be. Provided further that since the entire proportionate common area is i s being transferred to the Association of the Allottees by operation and in compliance of the provisions of the Act, without any consideration to be paid to the Promoter, therefore the transfer of the proportionate common area to the Association of AllotteesAllotte es, shall always be deemed to be without payment of any consideration to the Promoter so as not to add any amount to the Capital Gain or consequent Income Tax to the account of the Promoter and it shall always be deemed to be a transfer by operation of lawlaw .