Failure of Allottees to take Possession of Apartment. Upon receiving a written intimation from the Promoter as mentioned in Clause 7.2 above, the Allottees shall take possession of the Said Apartment from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter shall give possession of the Said Apartment to the Allottees. In case the Allottees fails to take possession within the time provided in Clause 7.2 above, such Allottees shall continue to be liable to pay maintenance charges as applicable in terms of the rules framed on payment of maintenance charges for the project.
Failure of Allottees to take Possession of Apartment. Upon receiving a written intimation from the Owners/Promoters as mentioned above, the Allottees shall take possession of the Said Apartment from the Owners/Promoters by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Owners/Promoters shall give possession of the Said Apartment to the Allottees. In case the Allottees fails to take possession within the time provided in Clause 7.3 above, such Allottees shall continue to be liable to pay interest on amount due and payable in terms of this Agreement, maintenance charges, Khazna and statutory tax and other outgoings and further holding charges, being Rs. 2000/ month, for the period of delay after the lapse of 2 months from the date of issuance of possession notice of the Said Apartment shall become applicable.
Failure of Allottees to take Possession of Apartment. Upon receiving a written intimation from the Promoter as per para 7.2, the Allottee’s shall take possession of the Apartment from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter shall give possession of the Apartment to the allottee’s. In case the Allottee’s fails to take possession within the time provided in para 7.2, such Allottee’s shall continue to be liable to pay maintenance charges as specified in para 7.2. Also in the event of Allottee’s failure to take possession or getting conveyance deed done in time limit, for any reason whatsoever, expenditure incurred on the taking care and/or maintenance of the LIG/ EWS flat shall be charged extra at the rate of rupees thirty per sqm of the carpet area plus taxes per month from the date onwards other than external maintenance charges, and be paid by the purchaser as and when demanded by the builder.
Failure of Allottees to take Possession of Apartment. Upon receiving a written intimation from the Promoter as per Clause 7.2, the Allottees shall take possession of the Apartment from the Promoter by executing necessary indemnities, undertakings and such other documentation as required and the Promoter shall give possession of the Apartment to the Allottees. In case the Allottees fails to take possession within the time provided in Clause 7.2, such Allottees shall continue to be liable to pay Maintenance Charges as specified in Clause 7.2 (“Deemed Possession”) and also pay demurrage charges to the Promoter at the rate of Rs. 5,000/- (Rupees Five thousand) only per month or part thereof from the expiry of the time mentioned in the possession letter till such time the Allottee (s) takes the possession of the apartment. Possession by the Allottees After obtaining the completion/occupancy certificate and handing over physical possession of the Apartment to the Allottees, it shall be the responsibility of the Promoter to hand over the necessary- documents and plans, including common areas, to the Association or the competent authority, as the case may be, as per the local laws. Provided that, in the absence of any local law, the Promoter shall hand over the necessary documents and plans, including Common Areas, to the Association or the competent authority, as the case may be, within 30 (thirty) days after obtaining the completion certificate. Cancellation by Allottee The Allottees shall have the right to cancel/ withdraw his allotment in the Project as provided in the Act: Provided that subject to clause 7.5 (ii) below, where the Allottees proposes to cancel/withdraw from the project without any fault of the Promoter, the Allottees shall serve a 2 (two) months’ notice in writing on the Promoter and on the expiry of the said period the allotment shall stand cancelled and the Promoter herein shall be entitled to forfeit an amount equal to the Cancellation Charges and the applicable GST payable on such Cancellation Charges. The balance amount of money paid by the Allottees shall, subject to clause 7.5(iii) below, be returned by the Promoter to the Allottees within 45 (forty-five) days of such cancellation or on transfer of the Said Apartment to any other Apartment Acquirer, whichever is earlier. However may it be clarified that the balance amount shall be payable subject to the execution of the ‘Deed of Cancellation’. Where the Allottees proposes to cancel/withdraw from the Project without any fault of the Promoter...
Failure of Allottees to take Possession of Apartment. Upon receiving a written intimation from the Promoter as per para 7.2, the Allottee(s) shall take possession of the Apartment from the Promoter by executing necessary indemnities, undertakings and such other documentation as required and the Promoter shall give possession of the Apartment to the Allottee(s). In case the Allottee(s) fail(s) to take possession within the time provided in para 7.2 such Allottee(s) shall be deemed to be in such possession and the Allottee(s) shall be liable to pay maintenances charges, municipal tax and other outgoings and further pay holding charge of Rs.5,000/- (Rupees five thousand) only per month or part thereof to the Promoter for the period of delay in taking possession from such date as notified in the Possession Notice (Deemed Possession). On and from the Possession or Deemed Possession date:
(i) The Apartment shall be at the sole risk and cost of the Allottee(s) and the Promoter shall have no liability or concern thereof;
(ii) The Allottee(s) shall become liable to pay the Maintenance Charges in respect of the said Apartment and the Common Areas;
(iii) All taxes, deposits and other levies/charges imposed, demanded or required to be paid to the authorities concerned relating to the undivided interest in the Common Areas shall be paid and borne by the Allottee(s) proportionate to his/her/their interest therein and those relating only to the said Apartment shall be borne solely and conclusively by the Allottee(s).
(iv) All other expenses necessary and incidental to the management and maintenance of the said Project.
Failure of Allottees to take Possession of Apartment. Upon receiving a written intimation from the Seller as aforesaid, the Allottees shall take possession of the Apartment from the Seller by executing necessary indemnities, undertakings and such other documentation as required and the Seller shall give possession of the Apartment to the Allottees. In case the Allottees fails to take possession within the time provided hereinabove , such Allottees shall continue to be liable to pay Maintenance Charges as specified from the date of (“Deemed Possession”) and also pay Holding charges to the Seller at the rate of Rs. 2,000/- (Rupees Two thousand) only per month or part thereof from the expiry of the time mentioned in the possession letter till such time the Allottee (s) takes the possession of the apartment. After obtaining the completion/occupancy certificate and handing over physical possession of the Apartment to the Allottees, it shall be the responsibility of the Seller to hand over the necessary- documents and plans, including common areas, to the Association or the competent authority, as the case may be, as per the local laws. Provided that, in the absence of any local law, the Seller shall hand over the necessary documents and plans, including Common Areas, to the Association or the competent authority, as the case may be, within 30 (thirty) days after obtaining the completion certificate.
Failure of Allottees to take Possession of Apartment. Upon receiving a written intimation from the Promoter as per Para
Failure of Allottees to take Possession of Apartment. Upon receiving a written intimation from the Promoter as per para 7.2, the Allottee(s) shall take possession of the Apartment from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement and the Promoter shall give possession of the Apartment to the Allottee(s). In case the Allottee(s) fail(s) to take possession within the time provided in para 7.2 such Allottee(s) shall be liable to pay maintenance charges, property taxes and other outgoings for the period of delay to taking possession from such date as notified in the Possession Notice from such date as notified in the Possession Notice. (Deemed Possession). It is understood by the Allottee(s) that even if the Allottee(s) fail(s) to take possession of the Apartment within the date such possession is offered by the Promoter, the Allottee(s) shall be deemed to have taken possession on the [15th ] day from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee(s) take(s) physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date and Deemed Possession:
(i) The Allottee(s) shall become liable to pay the Maintenance Charges in respect of the Apartment and the Common Areas on and from the Possession Date and Deemed Possession;
(ii) The Allottee(s), however, at the time of taking possession of the aforesaid apartment shall pay the maintenance charges for 12 months in advance calculated @ Rs. ……/- (Rupees only) per Sq. ft. plus GST on the super built up area / on the carpet area of sq. ft. be the same a little more or less, exclusive balcony area of … sq.ft., exclusive terrace area of …. Sq.ft. more or less on the Floor of the building + GST except D.G. Set fuel cost. The Allottee(s) will also pay Rs. ……./- (Rupees ………………………… only) per sq.ft. plus GST as applicable on saleable area of the apartment as sinking fund to the Promoter, which will be transferred to Association of the building at the time of handing over the same to the Association after deducting expenses, if any.
(iii) All taxes, deposits and other levies / charges imposed, demanded or required to be paid to the authorities concerned relating to the undivided interest in the Common Areas shall be paid and borne by the Allottee(s) proportionate to his / her / their interest therein and those relating only to the Apartment shall be borne solely and conclusively by ...
Failure of Allottees to take Possession of Apartment. Upon receiving a written intimation
Failure of Allottees to take Possession of Apartment. Upon receiving a written intimation from the Promoter as per para 7.2, the Allottees shall take possession of the Apartment from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement and the Promoter shall give possession of the Apartment to the Allottees. In case the Allottees fails to take possession within the time provided in para 7.2 in the Possession Notice such Allottees shall be liable to pay maintenance charges as specified in para 7.2 from such date as notified in the Possession Notice (Deemed Possession) and also pay demurrage charges to the Promoter at the rate of Rs. 5,000/- (Rupees Five Thousand) only per month or part thereof from the expiry of the time mentioned in the possession letter till such time the Allottee (s) takes the possession of the apartment.
