Common use of Possession of Apartment Clause in Contracts

Possession of Apartment. 15.1 Based on the present plans and estimations, the Developer shall complete construction and handing over possession of the Apartment within 36 months from the date the Agreement for Sale is executed, with another 6 (six) months grace period, save delay due to Force Majeure Events (see Clause 23) or due to failure by the Allottee to timely pay any part or portion of the Total Payable Amount or any failure on the part of the Allottees to abide by any of the terms and conditions of the Agreement for Sale, Allotment Letter and this Apartment GTC or any delay in obtaining electricity and/or water connections and on happening of any or all of such events, the Allottees shall be deemed to have granted extension to the Developer for completion of the construction of the Property.