Common use of POSSESSION OF THE APARTMENT/PLOT Clause in Contracts

POSSESSION OF THE APARTMENT/PLOT. 7.1 Schedule for possession of the said Plot - The Promoter agrees and understands that timely delivery of possession of the Plot to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided that such Force Majeure conditions are not of a nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

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POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreementagreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , 31/03/2020 unless there is delay or failure due to war, floodfood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to Force Majeure conditionsConditions, then this allotment Allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received Received by the Promoter promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund Refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations Obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreementagreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , 30/09/2021 unless there is delay or failure due to war, floodfood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to Force Majeure conditionsConditions, then this allotment Allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received Received by the Promoter promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund Refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations Obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 Schedule for possession of the said Plot Flat :- The Promoter agrees and understands that timely delivery of possession of the Plot Flat to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Plot Flat along with ready and complete common areas with all specifications, . amenities and facilities of the project in place on , 31/08/2023 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (Force Majeure.”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Flat: Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , or unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Apartment. 7.1.1 Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The promoter Promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery thattimelydelivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association theassociation of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreementagreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common completecommon areas with all specifications, amenities and facilities of the project in place on , 30/09/2021 unless there is delay or failure due to war, floodfood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension theextension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to Force Majeure conditionsConditions, then this allotment thisAllotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received amountReceived by the Promoter promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund AfterRefund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations itsObligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreementagreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , 30/06/2022 unless there is delay or failure due to war, floodfood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to Force Majeure conditionsConditions, then this allotment Allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received Received by the Promoter promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund Refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations Obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association of allottees Allottee or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over handover possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , or before 31.12.2023 unless there is delay or failure due to war, flood, droughtdraught, fire, fire cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee agrees agree and confirms confirm that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment Allottee within 45 days from that date. The promoter Promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreementagreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , 31/12/2020 unless there is delay or failure due to war, floodfood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to Force Majeure conditionsConditions, then this allotment Allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received Received by the Promoter promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund Refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations Obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 Schedule for possession of the said Plot - The Promoter agrees and understands that timely delivery of possession of the Plot to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete common areas with all specifications, amenities and facilities of the project in place on place, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 60 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. , against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 Schedule for possession of the said Plot - The Promoter agrees and understands that timely delivery of possession of the Plot [Apartment/Plot] to the allottee Allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete common areas with all specifications, amenities and facilities of the project in place on 30th June, 2025 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project project is delayed due to the Force Majeure conditions condition then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Plot Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, that in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The promoter Promoter shall intimate the allottee Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT/PLOT. 7.1 Schedule for possession of the said Plot Flat :- The Promoter agrees and understands that timely delivery of possession of the Plot Flat to the allottee Allottees and the common areas to the association of allottees Allottees or the competent authority, as the case may be, be is the essence of the Agreement. The Promoter assures to hand over possession of the Plot Flat along with ready and complete common areas with all specifications, . amenities and facilities of the project in place on , 31/12/2024 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (Force Majeure.”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee Allottees agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Flat: Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee Allottees agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottees the entire amount received by the Promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee Allottees about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteeAllottees, the Allottee Allottees agrees that he/ they/he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT/PLOT. 7.1 Schedule for possession of the said Plot - The Promoter agrees and understands that timely delivery of possession of the Plot to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete common areas with all specifications, amenities and facilities of the project in place on 31- 12-2020, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 60 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

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POSSESSION OF THE APARTMENT/PLOT. 7.1 Schedule for possession of the said Plot - The Promoter agrees and understands that timely delivery of possession of the Plot to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete common areas with all specifications, amenities and facilities of the project in place on 31.12.2020, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 60 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over handover possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , or before 26.02.2025 unless there is delay or failure due to war, flood, droughtdraught, fire, fire cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment Allottee within 45 days from that date. The promoter Promoter shall intimate the allottee Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over handover possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , or before 06.06.2022 unless there is delay or failure due to war, flood, droughtdraught, fire, fire cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment Allottee within 45 days from that date. The promoter Promoter shall intimate the allottee Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery thattimelydelivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association theassociation of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreementagreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common completecommon areas with all specifications, amenities and facilities of the project in place on , unless 31/12/2023unless there is delay or failure due to war, flood, ,food,drought, ,fire, ,cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate Continued to page 8 project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension theextension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to Force Majeure conditionsConditions, then this allotment thisAllotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received amountReceived by the Promoter promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund AfterRefund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations itsObligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 Schedule for possession of the said Plot - The Promoter agrees and understands that timely delivery of possession of the Plot to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the [Apartment/Plot], provided that such Force Majeure conditions are not of a nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreementagreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , 31/01/2021 unless there is delay or failure due to war, floodfood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to Force Majeure conditionsConditions, then this allotment Allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received Received by the Promoter promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund Refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations Obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot Apartment - The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee and the common areas to the association of allottees allottee/s or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , ……………..…… unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the [Apartment/Plot, provided ]. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreementagreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , 31/10/2021 unless there is delay or failure due to war, floodfood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to Force Majeure conditionsConditions, then this allotment Allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received Received by the Promoter promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund Refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations Obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT/PLOT. 7.1 7.1. Schedule for possession of the said Plot - Apartment – The Promoter agrees and understands that timely delivery thattimelydelivery of possession of the Plot Apartment to the allottee Allottee and the common areas to the association theassociation of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreementagreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete common completecommon areas with all specifications, amenities and facilities of the project in place on , unless 30/09/2021unless there is delay or failure due to war, flood, ,food,drought, ,fire, ,cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension theextension of time for delivery of possession of the Plot, provided Apartment. Provided that such Force Majeure conditions are not of a nature, nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to Force Majeure conditionsConditions, then this allotment thisAllotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received amountReceived by the Promoter promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund AfterRefund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations itsObligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

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