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. 15.2 The Developer shall serve upon the Allottee by registered post with acknowledgement due/email/courier, a notice in writing (“Possession Notice”) to take over possession of the Apartment within 15 (Fifteen) days from the date of the Possession Notice (“Possession Period”). It will not be necessary for the Developer to complete the larger and/or the particular common areas and installations before giving such notice but shall be liable to complete the same within a reasonable time thereafter. 15.3 Upon the Allottees complying with all provisions, formalities, documentation, etc. as may be prescribed by the Developer in this regard and provided the Allottee is not in default of any of the terms and conditions of Allotment, the Developer shall give possession of the Apartment to the Allottee on a date (“Possession Date”) mutually agreed but within the Possession Period specified. 15.4 If the Allottee, for whatsoever reason, fails and/or neglects to take possession of the Apartment within the Possession Period, the Allottee shall be deemed to have taken possession on the 25th day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the Possession Date. 15.5 On and from the Possession Date: 15.5.1 The Apartment shall be at the sole risk and cost of the Allottee and the Developer shall have no liability or concern thereof; 15.5.2 The Allottee shall become liable to pay the maintenance and other charges and deposits in respect of the Apartment on and from the Possession Date. 15.5.3 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 Project Land, Tower Common Portions and Complex Common Portions (“Common Portions”) shall be paid and borne by the Allottee proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the Allottee, with effect from the Possession Date. 15.5.4 All other expenses necessary and incidental to the management and maintenance of the Project.

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. 15.2 The Developer shall serve upon the Allottee by registered post with acknowledgement due/email/courier, a notice in writing (“Possession Notice”) to take over possession of the Apartment within 15 (Fifteen) days from the date of the Possession Notice (“Possession Period”). It will not be necessary for the Developer to complete the larger and/or the particular common areas and installations before giving such notice but shall be liable to complete the same within a reasonable time thereafter. 15.3 Upon the Allottees complying with all provisions, formalities, documentation, etc. as may be prescribed by the Developer in this regard and provided the Allottee is not in default of any of the terms and conditions of Allotment, the Developer shall give possession of the Apartment to the Allottee on a date (“Possession Date”) mutually agreed but within the Possession Period specified. ……………………………………………... ………………………………………… …….…………….………………………. (Signature of Sole/First Applicant) (Signature of 1st Joint Applicant) (Signature of 2nd Joint Applicant) 15.4 If the Allottee, for whatsoever reason, fails and/or neglects to take possession of the Apartment within the Possession Period, the Allottee shall be deemed to have taken possession on the 25th day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the Possession Date. 15.5 On and from the Possession Date: 15.5.1 The Apartment shall be at the sole risk and cost of the Allottee and the Developer shall have no liability or concern thereof; 15.5.2 The Allottee shall become liable to pay the maintenance and other charges and deposits in respect of the Apartment on and from the Possession Date. 15.5.3 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 Project Land, Tower Common Portions and Complex Common Portions (“Common Portions”) shall be paid and borne by the Allottee proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the Allottee, with effect from the Possession Date. 15.5.4 All other expenses necessary and incidental to the management and maintenance of the Project.

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. 15.2 The Developer shall serve upon the Allottee by registered post with acknowledgement due/email/courier, a notice in writing (“Possession Notice”) to take over possession of the Apartment within 15 (Fifteen) days from the date of the Possession Notice (“Possession Period”). It will not be necessary for the Developer to complete the larger and/or the particular common areas and installations before giving such notice but shall be liable to complete the same within a reasonable time thereafter. 15.3 Upon the Allottees complying with all provisions, formalities, documentation, etc. as may be prescribed by the Developer in this regard and provided the Allottee is not in default of any of the terms and conditions of Allotment, the Developer shall give possession of the Apartment to the Allottee on a date (“Possession Date”) mutually agreed but within the Possession Period specified. ……………………………………………... ………………………………………… …….…………….………………………. (Signature of Sole/First Applicant) (Signature of 1st Joint Applicant) (Signature of 2nd Joint Applicant) 15.4 If the Allottee, for whatsoever reason, fails and/or neglects to take possession of the Apartment within the Possession Period, the Allottee shall be deemed to have taken possession on the 25th day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the Possession Date. 15.5 On and from the Possession Date: 15.5.1 The Apartment shall be at the sole risk and cost of the Allottee and the Developer shall have no liability or concern thereof; 15.5.2 The Allottee shall become liable to pay the maintenance and other charges and deposits in respect of the Apartment on and from the Possession Date. 15.5.3 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 Project Land, Tower Common Portions and Complex Common Portions (“Common Portions”) shall be paid and borne by the Allottee proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the Allottee, with effect from the Possession Date. 15.5.4 All other expenses necessary and incidental to the management and maintenance of the Project.the

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.obtaining 15.2 The Developer shall serve upon the Allottee by registered post with acknowledgement due/email/courier, a notice in writing (“Possession Notice”) to take over possession of the Apartment within 15 (Fifteen) days from the date of the Possession Notice (“Possession Period”). It will not be necessary for the Developer to complete the larger and/or the particular common areas and installations before giving such notice but shall be liable to complete the same within a reasonable time thereafter. 15.3 Upon the Allottees complying with all provisions, formalities, documentation, etc. as may be prescribed by the Developer in this regard and provided the Allottee is not in default of any of the terms and conditions of Allotment, the Developer shall give possession of the Apartment to the Allottee on a date (“Possession Date”) mutually agreed but within the Possession Period specified. ……………………………………………... ………………………………………… …….…………….………………………. (Signature of Sole/First Applicant) (Signature of 1st Joint Applicant) (Signature of 2nd Joint Applicant) 15.4 If the Allottee, for whatsoever reason, fails and/or neglects to take possession of the Apartment within the Possession Period, the Allottee shall be deemed to have taken possession on the 25th day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the Possession Date. 15.5 On and from the Possession Date: 15.5.1 The Apartment shall be at the sole risk and cost of the Allottee and the Developer shall have no liability or concern thereof; 15.5.2 The Allottee shall become liable to pay the maintenance and other charges and deposits in respect of the Apartment on and from the Possession Date. 15.5.3 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 Project Land, Tower Common Portions and Complex Common Portions (“Common Portions”) shall be paid and borne by the Allottee proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the Allottee, with effect from the Possession Date.Project 15.5.4 All other expenses necessary and incidental to the management and maintenance of the Project.

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. 15.2 The Developer shall serve upon the Allottee by registered post with acknowledgement due/emaile- mail/courier, a notice in writing (“Possession Notice”) to take over possession of the Apartment within 15 (Fifteen) days from the date of the Possession Notice (“Possession Period”). It will not be necessary for the Developer to complete the larger and/or the particular common areas and installations before giving such notice but shall be liable to complete the same within a reasonable time thereafter. 15.3 Upon the Allottees complying with all provisions, formalities, documentation, etc. as may be prescribed by the Developer in this regard and provided the Allottee is not in default of any of the terms and conditions of Allotment, the Developer shall give possession of the Apartment to the Allottee on a date (“Possession Date”) mutually agreed but within the Possession Period specified. 15.4 If the Allottee, for whatsoever reason, fails and/or neglects to take possession of the Apartment within the Possession Period, the Allottee shall be deemed to have taken possession on the 25th day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the Possession Date. 15.5 On and from the Possession Date: 15.5.1 The Apartment shall be at the sole risk and cost of the Allottee and the Developer shall have no liability or concern thereof; 15.5.2 The Allottee shall become liable to pay the maintenance and other charges and deposits in respect of the Apartment on and from the Possession Date. 15.5.3 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 Project Land, Tower Common Portions and Complex Common Portions (“Common Portions”) shall be paid and borne by the Allottee proportionate to his interest therein and those relating only to the Apartment shall be borne solely and conclusively by the Allottee, with effect from the Possession Date. 15.5.4 All other expenses necessary and incidental to the management and maintenance of the Project.