POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 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 Apartment, 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 4 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession Possession of the said Apartment - The Promoter Developer agrees and understands that timely delivery of possession of the Apartment to the Allottee Allottees and the common areas Common Areas to the Association association of Allottees is the essence of the Agreement. The Promoter Developer assures to hand over possession of the Apartment along with ready and complete common areas right to use Common Areas with all specifications, amenities and facilities of the project Project to be in place on June 2023, by-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 Project ("Force Majeure"the “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 Developer shall be entitled to the extension of time for delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a 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 Developer to implement the project Said–Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Allottee Allottees the entire amount received by the Promoter Developer from the allotment within 45 days from that date. The Promoter Developer shall intimate to 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/ she the Allottees shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer shall be released and discharged from all its obligations and liabilities under this Agreement.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 20232022, 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, 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 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 20232020, 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, 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 3 contracts
Samples: Sale Agreement, Sale Agreement, Agreement for Sale
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023December 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 Apartment, 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 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas Common Areas to the Association of Allottees allottees of the Luxury Zone and Luxury portion of the Future Development on its formation or to the Competent Authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas of the Project with all specifications, amenities and facilities of the project Project (except certain facilities of Club which will be available upon completion of all the Towers/ Phases of the Luxury Zone) in place on June 2023, unless there is delay or failure due to war, flood, droughtdraught, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"“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. Provided, 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 become impossible for the Promoter to implement the project 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 (forty-five) days from that date. The 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 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023December 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 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, . 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 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees [Apartment] is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place [Apartment] on June 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 [Apartment], Provided 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 Xxxxxxxx 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment/Plot] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 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 [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 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment/Plot] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 202330-June-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 [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 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 2 contracts
Samples: Agreement for Sale, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment. The Promoter agrees and understands that timely delivery of possession of the 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 Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023not later than 36 (Thirty Six) months with an additional period of 6(Six) months, 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"” as mentioned in Cl.7.1 and with Application of Booking Form Cl.9A & 9B). 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, . 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 t o 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 1.) Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association association of Allottees allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, unless there is a 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 ("due to natural calamities or due to Force Majeure")Majeure conditions. If, however, the completion of the Project is delayed due to the Force Majeure conditions conditions, then the Allottee agrees that the Promoter shall be entitled to the extension of time time, for delivery of possession of the Apartment, Provided that such Force Majeure conditions are not of a nature which make made it impossible for the contract to be implementedimplemented as per schedule. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement execute 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 him for the allotment within 45 days from that date. The 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/ 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - – The Promoter agrees and understands that timely delivery of possession of the 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 Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023within a period of 30 months from the date of commencement of construction works of the said project [•date], 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, Provided 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 for the allotment within 45 days from that date. The 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of the possession of the Apartment to the Allottee along with ready and complete the common areas to Common Areas of the Association of Allottees Project is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specificationsCommon Areas, amenities and facilities if any, of the project in place Project on June 202331st December 2025, unless there is a 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 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 the delivery of possession of the Apartment. Provided, 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 become impossible for the Promoter to implement the project 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 (forty-five) 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 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. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023December 2019, 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, 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas Common Areas to the Association association of Allottees allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas right to use Common Areas with all specifications, amenities and facilities of the project Phase in the Project in place on June 2023, 31.12.2019 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 Project ("Force Majeure"the “FORCE MAJEURE”). If, however, the completion of the Phase in 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, Provided 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 said phase of 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 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 the Allottee 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment/Plot] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023_UJJAIN_, 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 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 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 2 contracts
Samples: Agreement for Sale, Agreement for Sale
POSSESSION OF THE APARTMENT. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment plot [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the Apartment plot [Apartment/Plot] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment plot [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the 1st Phase of the project in place on June 202331/12/2021, 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 [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 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 2 contracts
Samples: Agreement for Sale, Agreement for Sale
POSSESSION OF THE APARTMENT. 7.1. FLAT:
7.1 Schedule for possession of the said Apartment - of Flat – The Promoter agrees and understands that timely delivery of possession of the said Apartment to the 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 Apartment Apartment/ Flat along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, Project within the with an additional grace period of Six months unless there is delay or failure due to war, flood, drought, fire, cyclone, 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 said Apartment, . Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) 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 Allottee(s) the entire amount received by the Promoter from the allotment Allotment within 45 days from that date. The 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/ 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment/Plot] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, 31.03.2022 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 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. UNIT:
7.1 Schedule for possession of the said Apartment - / Unit –The Promoter agrees and understands andunderstands that timely delivery of possession of the Apartment [Apartment/ Unit] to the 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 Apartment [Apartment/ Unit] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023Project within March, 2020 unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting 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, [Apartment/ Unit]. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) 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 Allottee(s) the entire amount received by the Promoter from the allotment Allotment within 45 days from that date. The 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 agreed 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. Schedule schedule for possession of the said Apartment - – The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of the Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specificationsspecification, amenities and facilities of the project in place on of June 2023, unless there is a 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 ("estates project. ( Force Majeure"). If, If however, the completion of the Project project is delayed due to the 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 ApartmentApartment , Provided that such Force Majeure conditions are not of a 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 promoter to implement the project due to Force Majeure force majeure conditions, then this allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received by the Promoter 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 claims, etc. against the Promoter promoter and that the Promoter promoter shall be released and discharged from all its obligations and liabilities under this Agreementagreement.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - [Apartment] – The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment [Apartment] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, 31.08.2019 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, ]. 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 2 contracts
Samples: Sale Agreement, Agreement for Sale
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees [Apartment/Plot] is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place [Apartment/Plot] on June 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 [Apartment/Plot], Provided 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 Xxxxxxxx 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - of – The Promoter Developer agrees and understands that timely delivery of possession of the Apartment to the Allottee Purchaser and the common areas to the Association of Allottees Purchasers or the competent authority, as the case may be, is the essence of the Agreement. The Promoter Developer assures to hand over handover possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project Project in place on June 2023, 31.12.2021 unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting 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 Purchaser agrees that the Promoter Developer shall be entitled to the extension of time for delivery of possession of the Apartment, . Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Purchaser(s) agrees and confirms that, in the event it becomes impossible for the Promoter Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Allottee Purchaser(s) the entire amount received by the Promoter Developer from the allotment Allotment within 45 days from that date. The Promoter Developer shall intimate the allottee Purchaser about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteePurchaser, the Allottee agrees Purchaser agreed that he/ she shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer shall be released and discharged from all its obligations and liabilities under this Agreement.
Appears in 2 contracts
Samples: Agreement for Sale, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas Common Areas to the Association association of Allottees allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas right to use Common Areas with all specifications, amenities and facilities of the project Phase in the Project in place on June 2023, 31.12.2018 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 Project ("Force Majeure"the “FORCE MAJEURE”). If, however, the completion of the Phase in 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, Provided 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 said phase of 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 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 the Allottee 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter Developer agrees and understands that timely delivery of possession of the Apartment to the Allottee Allottees and the common areas Common Areas to the Association association of Allottees is the essence of the Agreement. The Promoter Developer assures to hand over possession of the Apartment along with ready and complete common areas right to use Common Areas with all specifications, amenities and facilities of the project Project to be in place on June 2023, by-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 Project ("Force Majeure"the “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 Developer shall be entitled to the extension of time for delivery of possession of the Apartment, Provided provided that such Force Majeure Maje ure conditions are not of a 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 Developer to implement the project Said– Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Allottee Allottees the entire amount received by the Promoter Developer from the allotment within 45 days from that date. The Promoter Developer shall intimate to 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/ she the Allottees shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer shall be released and discharged from all its obligations and liabilities under this Agreement.
Appears in 2 contracts
Samples: Sale Agreement, Not Specified
POSSESSION OF THE APARTMENT. 7.1. PLOT
7.1 Schedule for possession of the said Apartment - [Apartment]: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees [Apartment] is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place [Apartment] on June 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 [Apartment], Provided 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 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - [Apartment/Flat//Plot]: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees [Apartment/Plot] is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place [Apartment/Flat//Plot] on June 2023, 31.12.2028 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 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 Xxxxxxxx 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter Vendors/Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Vendors/Developer, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, 07 August 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 is delayed due to the Force Majeure conditions then the Allottee Allottee(s) agrees that the Promoter Vendors/Developer shall be been entitled to the extension of time for delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it becomes impossible for the Promoter Vendors/Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Vendors/Developer shall refund to the Allottee Allottee(s) the entire amount received by the Promoter Vendors/Developer 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 AllotteeAllottee(s), the Allottee Allottee(s) agrees that he/ she he/she/they shall not have any rights, claims etc. against the Promoter Vendor/Developer and that the Promoter Vendors/Developer 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Promoter, based on the approved plan/s and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023by or before 31-05-2024, unless there is delay or failure due to war, flood, droughtdraught, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"“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. Provided, 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 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 (forty-five) 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. 7.1. PLOT:
7.1 Schedule for possession of the said [Apartment - / Plot] – The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment/ Plot] to the Allottee and Allotteeand 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 Apartment [Apartment/ Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project Project in place on June 2023, Asansol unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting 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, [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 Allottee(s) 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 Allottee(s) the entire amount received by the Promoter from the allotment Allotment within 45 days from that date. The 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 agreed 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. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment/Plot] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, 31.03.2025 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 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 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter Vendors/Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Vendors/Developer, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specificationsby 31st March, amenities and facilities of the project in place on June 2023, 2030 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 Allottee(s) agrees that the Promoter Vendors/Developer shall be been entitled to the extension of time for delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it becomes impossible for the Promoter Vendors/Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Vendors/Developer shall refund to the Allottee Allottee(s) the entire amount received by the Promoter Vendors/Developer 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 AllotteeAllottee(s), the Allottee Xxxxxxxx(s) agrees that he/ she she/ they shall not have any rights, claims etc. against the Promoter Vendors/Developer and that the Promoter Vendors/Developer shall be released and discharged from all its their obligations and liabilities under this Agreement.
Appears in 1 contract
Samples: Agreement of Sale
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter Vendor/Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Vendor/Developer, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities overall completion of the project in place Project on June 2023May, 2026 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 Allottee(s) agrees that the Promoter Vendor/Developer shall be been entitled to the extension of time for delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it becomes impossible for the Promoter Vendor/Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Vendor/Developer shall refund to the Allottee Allottee(s) the entire amount received by the Promoter Vendor/Developer 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 AllotteeAllottee(s), the Allottee Xxxxxxxx(s) agrees that he/ he/she shall not have any rights, claims etc. against the Promoter Vendor/Developer and that the Promoter Vendor/Developer 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter Vendor agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Vendor, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities overall completion of the project in place on June 2023, Project 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 Allottee(s) agrees that the Promoter Vendor shall be been entitled to the extension of time for delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it becomes impossible for the Promoter Vendor to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Vendor shall refund to the Allottee Allottee(s) the entire amount received by the Promoter Vendor 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 AllotteeAllottee(s), the Allottee Xxxxxxxx(s) agrees that he/ he/she shall not have any rights, claims etc. against the Promoter Vendor and that the Promoter Vendor 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees said Unit is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along said Unit on or before 31st December 2027, with ready and complete common areas with all specifications, amenities and facilities an additional grace period of the project in place on June 20236 (six) months, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, pandemic / epidemic or any other calamity caused by nature or Court Order 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 (as defined in the Act) then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Apartmentsaid Unit, 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 thePromoter 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 Xxxxxxxx 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: Not Specified
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter Developer agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas Common Areas to the Association association of Allottees Allottee is the essence of the Agreement. The Promoter Developer assures to hand over possession of the Apartment along with ready and complete common areas right to use Common Areas with all specifications, amenities and facilities of the project Project to be in place on June 2023, by-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 Project ("Force Majeure"the “FORCE MAJEURE”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter Developer shall be entitled to the extension of time for delivery of possession of the Apartment, Provided 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 Developer to implement the project Said–Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Allottee the entire amount received by the Promoter Developer from the allotment within 45 days from that date. The Promoter Developer shall intimate to 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/ she the Allottee shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer 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. 7.1. Schedule for possession of the said Apartment - [Apartment]: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees [Apartment] is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place [Apartment] on June 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 [Apartment], Provided 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 Xxxxxxxx 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. possession of the [Apartment] to the allottee. In case the Allottee fails to take possession within the time provided in clause 7.2, such Allottee shall continue to be liable to pay maintenance charges as applicable. Provided that where the allottee proposes to cancel / withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the allottee shall be returned by the Promoter to the allottee within 45 days of such cancellation.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees agree and understands understand that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Promoter, based on the approved Sanctioned Plan and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specificationson the date specified in Schedule A, amenities and facilities of the project in place on June 2023that is, [●] 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 conditions, then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Apartment, Provided 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 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 (forty five) 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 he/she/they/it shall not have any rights, claims claims, etc. against the Promoter and that the Promoter shall be released and discharged from all its their obligations and liabilities under this Agreement.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter Vendors/Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Vendors/Developer, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 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 Allottee(s) agrees that the Promoter Vendors/Developer shall be been entitled to the extension of time for delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it becomes impossible for the Promoter Vendors/Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Vendors/Developer shall refund to the Allottee Allottee(s) the entire amount received by the Promoter Vendors/Developer 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 AllotteeAllottee(s), the Allottee Allottee(s) agrees that he/ she he/she/they shall not have any rights, claims etc. against the Promoter Vendors/Developer and that the Promoter Vendors/Developer 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. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas Common Areas to the Association association of Allottees allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas Common Areas with all specifications, amenities and facilities of the project Project in place on June 2023, 31.05.2021 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 Project ("Force Majeure"the “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, Provided 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 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 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 the Allottee 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. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the said Apartment to the Allottee Allottee(s) and the common areas 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 said Apartment along with ready and complete common areas with Common Areas, all specifications, amenities and facilities of the project said Project in place on June 202330th April, 2022 with a grace period of 6 months 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 or any unforeseen occurrences, acts, court order, events, omissions or accidents which are beyond the reasonable control of the Owners and the Promoter so prevented and does not arise out of a breach by such Party of any of its obligations under this agreement ("“Force Majeure"”). If, If however, the completion of the said Project is delayed due to the Force Majeure conditions then the Allottee agrees Allottee(s) agree(s) that the Promoter shall be entitled to the extension of time for delivery of possession of the said Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees Allottee(s) agree(s) and confirms confirm(s) that, in the event it becomes impossible for the Promoter to implement the project said Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount {less any taxes collected from the Allottee(s)} received by the Promoter from the allotment within 45 (forty five) days from that date. The Promoter shall intimate the allottee Allottee(s) about such termination at least thirty 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees Allottee(s) agree(s) 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. It is clarified that all amounts collected as taxes, charges, levies, cess, assessments and impositions and deposited including stamp duty, registration charges and incidental charges with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee(s) shall be free to approach the authorities concerned for refund of such taxes, charges, levies, cess, assessments and impositions.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - – The Promoter agrees and understands that timely delivery of possession of the Apartment Apartment/ unit to the Allottee and the common areas and facilities of the Project to the Maintenance Society or Owner's Association of Allottees is the essence of the Agreement. The Promoter assures to hand over handover possession of the Apartment Apartment/ unit along with ready and complete common areas and facilities of the First Project with all specifications, amenities and facilities of the project Project in place on June 2023or before 05.04.2026, unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the real estate project ("“ Force Majeure"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, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then which shall be assessed by the promoter, the promoter shall inform the Allotte e(s) about such impossibility along with notice of termination of one month and upon termination of this allotment shall stand terminated and allotment, the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter from the allotment All ottee with interest within 45 days from that datethe date . The 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 agreed that he/ she shall not have hav e 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.
7.2 Procedure for taking possession- The Promoter, upon obtaining the occupancy certificate fr om the competent authority shall offer in writing the possession of the Apartment/ Plot, to the Allottee(s)
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee Allottee
7.2. and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 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 Apartment, 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
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, unless not later than 60 (Sixty) months. 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 of delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottees agrees and confirms confirm that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditionsConditions, 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 about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteeAllottees, the Allottee Xxxxxxxxx agrees that he/ she he 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. 7.1. Schedule for possession of the said Apartment Apartments - The Promoter agrees and understands that timely delivery of possession of the Apartment Apartments to the Allottee Allottees and the common areas to the Association of Allottees is the essence of the AgreementAgreements. The Promoter assures to hand over possession of the Apartment Apartments along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, within December.2025 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, pandemic 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 ApartmentApartments, Provided that such Force Majeure conditions are not of a 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/ 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. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas Common Areas to the Association association of Allottees allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas right to use Common Areas with all specifications, amenities and facilities of the project in Project place on 30th June 2023, 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 Project ("Force Majeure"the “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, Provided 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 said 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 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 the Allottee 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. 7.1. PLOT
7.1 Schedule for possession of the said Apartment - flat/ parking The Promoter Promoter/ Builder/ Developer agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees flat/ parking is the essence of the Agreement. The Promoter Promoter/ Builder/ Developer, based on the approved plans and specifications ,assures to hand over possession of the Apartment along with ready and complete common areas with all specificationsflat/ parking on 30th June, amenities and facilities of the project in place on June 20232024, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any earthquake, lockdown by infected germ orany 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 Promoter/ Builder/ Developer shall be entitled to the extension of time for delivery of possession of the Apartmentthe[Apartment/Plot], Provided 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 Promoter/ Builder/ Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Promoter/ Builder/ Developer shall refund to the Allottee the entire amount received by the Promoter Promoter/ Builder/ Developer 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 Xxxxxxxx agrees that he/ she shall not have any rights, claims etc. against the Promoter Promoter/ Builder/ Developer and that the Promoter Promoter/ Builder/ Developer shall be released and discharged from all its allits obligations and liabilities under this Agreement.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the [Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, 31/December 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 agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Apartment, Provided 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 Xxxxxxxx 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. 7.1. Schedule schedule for possession of the said Apartment - – The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of the Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specificationsspecification, amenities and facilities of the project in place on June 202330th,November,2022, unless there is a 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 estates project. ("Force Majeure"). If, If however, the completion of the Project project is delayed due to the 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 ApartmentApartment , Provided that such Force Majeure conditions are not of a 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 promoter to implement the project due to Force Majeure force majeure conditions, then this allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received by the Promoter 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 claims, etc. against the Promoter promoter and that the Promoter promoter shall be released and discharged from all its obligations and liabilities under this Agreementagreement.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees Allottee, is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas Phase Common Areas, Amenities and Facilities with all specifications, amenities and facilities of the project said Phase of the Project in place on June 2023, 15.01.2023 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, If however, the completion of the said Phase 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, Provided 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 said Phase of 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 Allotment within 45 (forty five) days from that date. The Promoter shall intimate the allottee Allottee about such termination at least thirty 30 (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. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment plot [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the Apartment plot [Apartment/Plot] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment plot [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the “PHASE-01” of the project in place on June 2023DECEMBER-2021, 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 [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 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. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment - The Promoter o–f TPhloetPromoter agrees and understands that timely delivery of possession of the Apartment thertAmpeant/ Plot to the Allottee and the common areas to the Association of Allottees Maintenance Society 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 Apartment Apartment/ Plot along with ready and complete common compolmetme ocn areas with all specifications, amenities and facilities of the project Project in place on June 2023plac--e--o--n---------------- -- , unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting the regular effecting thgeularer development of the real estate project ("Force project“(Force Majeure"”). If, however, the completion of the Project is delayed due to the Force Majeure conditions theForce Majeureconditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession peossssion of the ApartmentApartment/ Plot, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it becomes impossible for the Promoter to implement tolemimepnt the project due to Force Majeure conditionstoForce Majeureconditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter from the allotment Allottee with interest within 45 for-tfyive days from that date. The da.teThe 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 agreed that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter PromnodtethreaPromoter 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. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees Allottee, is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas Common Areas, Amenities and Facilities with all specifications, amenities and facilities of the project Project in place on June 2023, 30.09.2019 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, 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, Provided 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 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 Allotment within 45 (forty five) days from that date. The Promoter shall intimate the allottee Allottee about such termination at least thirty 30 (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. 7.1. Schedule for ScheduleforpossessionofthesaidApartment:ThePromoteragreesandunderstandsthattimelydeliveryof possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Said Apartment to the Allottee and the common areas to the Association of Allottees allottees is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, Said Apartmenton 30th December 2027 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 or any further delay(s) beyond the control of the Promoter due to epidemic, pandemic, quarantine restriction, state or nationwide lockdown, including any future disruptions due to the coronavirus disease or other circumstances deemed by the Authority to be force majeure events ("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, Provided 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 Xxxxxxxx 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 formalist obligations and liabilities under this Agreement. The Possession Date has been accepted by the Allottees. However, if the Said Apartment is made ready prior to the Completion Date, the Allottees undertake and covenant not to make or raise any objection to the consequent pre-ponement of his/her/their/its payment obligations, having clearly agreed and unders tood that the payment obligations of the Allottees are linked inter alia to the progress of construction, and the same is not a time linked plan. Notwithstanding anything elsewhere to the contrary herein contained, it is expressly agreed understood and clarified that if at any time, the customer is required to pay any stamp duty, registration fee, legal fees, other expenses, etc., (over and above the one to be paid by the Allottes for registration of the said Apartment) which becomes payable therefor, then the same shall be borne paid and discharged by the allottees of the Project (including the Allottees herein) proportionately and the Promoter and/or the Owners shall not be liable therefor in any manner whatsoever and the Allottees and the other allottees shall keep the Promoter and the Owners fully indemnified with regard thereto.
7.2. Procedure for taking possession – The Promoter, upon obtaining the Completion Certificate/ partial completion certificate from the competent authority shall offer in writing the possession of the Said Apartment, to the Allottee interm soft his Agreement(Possession Notice)to be taken within 2 (Two) months from the date of issue of such notice and the Promoter shall give possession of the Said Apartment to the Allottee subject to payment of all amount due and payable under this Agreement and Registration of the Deed of Conveyance. ThePromoteragreesandundertakestoindemnifytheAllotteeincaseoffailureoffulfillment of any of the provisions, formalities, documentation on part of the Promoter. The Allottee agree(s) to pay the maintenance charges (as provided on Schedule G below) as determined by the Promoter/association of allottees, as the case may be. The Promoter on its behalf shall offer the possession to the Allottee inwriting after receiving the Completion Certificate/ partial completion certificate of the Project.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter Vendor/Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Vendor/Developer, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, 30.06.2025 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 is delayed due to the Force Majeure conditions then the Allottee Allottee(s) agrees that the Promoter Vendor/Developer shall be been entitled to the extension of time for delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it becomes impossible for the Promoter Vendor/Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Vendor/Developer shall refund to the Allottee Allottee(s) the entire amount received by the Promoter Vendor/Developer 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 AllotteeAllottee(s), the Allottee Allottee(s) agrees that he/ she shall not have any rights, claims etc. against the Promoter Vendor/Developer and that the Promoter Vendor/Developer shall be released and discharged from all its formal their obligations and liabilities under this Agreement.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - Apartment:
7.1.1. The Promoter Promoters agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association association of Allottees or the competent authority is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 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 Apartment, .
7.1.2. 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 Promoters from the allotment within 45 days from that date. The Promoter Promoters 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 Promoters and that the Promoter Promoters 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. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees Allottee, is the essence of the Agreement. The Promoter assures to hand over possession of the said Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project said Phase 1 of the Project in place on June 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, If however, the completion of the said Phase 1 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, Provided 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 said Phase of 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 Allotment within 45 (forty five) days from that date. The Promoter shall intimate the allottee Allottee about such termination at least thirty 30 (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. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee allottee and the common areas to the Association 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 possession of the Apartment Apartment/Plot along with ready and complete common areas with all specifications, amenities and facilities (as prescribe in relevant Schedule of this agreement) of the project in place on June 2023or before 30 Dec 2022, unless there is delay or failure due to any restrictions imposed by the Government or any competent authority, non availability of steel/cement/other building material, water or electric supply, war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project and any other reason beyond the control of the promoter ("“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, 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 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. 7.1. 7.1 Schedule for possession of the said Apartment - [Apartment/Flat/]: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees [Apartment] is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place [Apartment/Flat/] on June 202331.01.2027, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, pandemic, epidemic or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion occupancy 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], Provided 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 Xxxxxxxx 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. 7.1. PLOT
7.1 Schedule for possession of the said Apartment - [Apartment/Plot]: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees [Apartment/Plot] is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place [Apartment/Plot] on June 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 Allotee/Purchaser 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 which make it impossible for the contract to be implemented. The Allottee Allotee/Purchaser 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 Allotee/Purchaser the entire amount received by from the Promoter Allotee/Purchaser 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 AllotteeAllotee/Purchaser, the Allottee Allotee/Purchaser 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.
7.2 Procedure for taking possession - The Promoter, upon obtaining the occupancy certificate* from the competent authority shall offer in writing the possession of the [Apartment/Plot], to the Allotee/Purchaser in terms of this Agreement to be taken within 3
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. (i) Schedule for possession of the said Apartment - Apartment: The Promoter agrees Owners/Promoters through the Project Attorney agree and understands understand that timely delivery of possession of the Said Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Owners/Promoters, based on the approved plans and specifications, assures to hand over possession of the Said Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 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 Owners/Promoters shall be entitled to the extension of time for delivery of possession of the Said Apartment, Provided 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 Owners/Promoters to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Owners/Promoters through the Project Attorney shall refund to the Allottee the entire amount received by the Promoter Owners/Promoters from the allotment within 45 days time agreed between the Parties from that date. The Promoter date and the Owners/Promoters shall intimate not be liable to pay any interest on the allottee about such termination at least thirty days prior to such terminationsaid amount. After refund of the money paid by the Allottee, the Allottee Xxxxxxxx agrees that he/ she shall not have any rights, claims etc. against the Promoter Owners/Promoters and that the Promoter Owners/Promoters 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas Common Areas to the Association of Allottees allottees of the Luxury Zone and Luxury portion of the Future Development on its formation or to the Competent Authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas of the Project with all specifications, amenities and facilities of the project Project (except certain facilities of Club which will be available upon completion of all the Towers/ Phases of the Luxury Zone) in place on June 2023, unless there is delay or failure due to war, flood, droughtdraught, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If“FORCE Provided, 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, 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 become impossible for the Promoter to implement the project 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 (forty-five) days from that date. The 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter “Owner/Promoter" agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter “Owner/Promoter", based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specificationson or before ………………., amenities and facilities of the project in place on June 202320……., unless there is delay or failure due to war, flood, drought, fire, cyclone, pandemic, 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 “Owner/Promoter" shall be entitled to the extension of time for delivery of possession of the Apartment, Provided 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 “Owner/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 (save and except amount received towards any taxes / impositions) by the Promoter “Owner/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 Xxxxxxxx agrees that he/ she shall not have any rights, claims etc. against the Promoter “Owner/Promoter" and that the Promoter “Owner/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. 7.1. 7.1 Schedule for possession of the said Apartment - APARTMENT: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees [Apartment] is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with [Apartment] alongwith ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, 31.12.2025 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 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, ] 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 Xxxxxxxx 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. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment/Plot] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023FEBURARY 2019, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular 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 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 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of the possession of the Apartment to the Allottee along with ready and complete the common areas to Common Areas of the Association of Allottees Project is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specificationsCommon Areas, amenities and facilities if any, of the project in place Project on 30th June 20232030, unless there is a 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 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 the delivery of possession of the Apartment. Provided, 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 become impossible for the Promoter to implement the project 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 (forty-five) 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 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. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the 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 Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, within ………………….. with a grace period of further six months unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, pandemic or any other calamity caused by nature affecting the regular development of the real estate project ("“Force Majeure"” as mentioned in Cl.7.1 and with Application of Booking Form Cl.9A & 9B). 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, . 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 promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteeXxxxxxxx, the Allottee Allotee 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. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter Owner/Vendor agrees and understands that timely delivery of possession of the said Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Owner/Vendor assures to hand over possession of the Apartment along with ready and complete common areas with all specificationswithin 31st December 2020, amenities and facilities of the project in place on June 2023, (“Committed Possession Date”) unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature or any other reason beyond the reasonable control of the Owner/Vendor affecting the regular development of the real estate project ("“Force Majeure"”). If, If however, the completion of the Project is delayed due to the Force Majeure conditions conditions, then the Allottee agrees that the Promoter Owner/Vendor shall be entitled to the extension of time for delivery of possession of the said Apartment, Provided provided that such Force Majeure conditions are not of a nature which make makes it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter Owner/Vendor to implement the project Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Owner/Vendor shall refund to the Allottee the entire amount received by the Promoter Owner/Vendor from the allotment Allottee within 45 (forty-five) days from that date. The Promoter Owner/Vendor shall intimate the allottee Allottee about such termination at least thirty 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she he/she/they shall not have any rightsright, claims claim etc. against the Promoter Owner/Vendor and/or the Apartment and that the Promoter Owner/Vendor 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. 7.1. 7.1 Schedule for possession of the said Apartment [Apartment] - The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment [Apartment] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023December 2021_, 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], Provided 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 60 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/ 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. 7.1. Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project Residential Complex in place on June 2023(save and except certain facilities / amenities which will only be available upon completion of Phase II of Merlin Gangotri) sometime in the month of December 2021, 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 Residential Complex - Phase I ("Force Majeure"). If, however, the completion of the Project Residential Complex - Phase I 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, 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 for the allotment 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. 7.1. Schedule for possession of the said Apartment - Apartment: The Promoter Developer agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Developer, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specificationsby 09TH April, amenities and facilities of the project in place on June 20232028 , 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"). An additional six (6) months of grace period from the above mentioned date is allowed to the Developer to hand over the apartment (that is till June, 2025). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee Purchaser agrees that the Promoter Developer shall be entitled to the extension of time for delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Purchaser agrees and confirms that, in the event it becomes impossible for the Promoter Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Allottee Purchaser the entire amount received by the Promoter Developer from the allotment in respect of the said Apartment and Garage, if applicable, within 45 days from that date. The Promoter shall intimate the allottee about such termination at least thirty days prior to such terminationdate without any interest charges. After refund of the money paid by the AllotteePurchaser, the Allottee Xxxxxxxxx agrees that he/ she shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee allottee and the common areas to the Association association of Allottees allottees or the Competent Authority as the case may be, is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, 18/10/2027 or earlier 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, Provided 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 date and 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 Xxxxxxxx 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 and liabilities under this Agreement.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - – The Promoter agrees and understands that timely delivery of possession of the Apartment to the 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 Apartment [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project Project in place on June 2023, August’2022 unless prevented by any reasonable causes beyond the control of the promoter or there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting effecting 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, . Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) 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 Allottee(s) the entire amount received by the Promoter from the allotment Allotment within 45 days from that date. The 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 agreed 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. 7.1. 7.1 Schedule for possession of the said Apartment - APARTMENT: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees [Apartment] is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with [Apartment] alongwith ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, 31.12.2023 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 [Apartment, ] 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
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees Allottee, is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas Phase Common Areas, Amenities and Facilities with all specifications, amenities and facilities of the project said Phase of the Project in place on June 2023, 15.12.2024 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, If however, the completion of the said Phase 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, Provided 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 said Phase of 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 Allotment within 45 (forty five) days from that date. The Promoter shall intimate the allottee Allottee about such termination at least thirty 30 (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. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee allottee and the common areas to the Association 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 possession of the Apartment along with ready and complete common areas of the Phase I of the project as specified in the attached highlighted layout with all specifications, amenities and facilities of the project in place on June 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 Apartment, 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 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of the possession of the Apartment to the Allottee along with ready and complete the common areas to Common Areas of the Association of Allottees Project is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specificationsCommon Areas, amenities and facilities if any, of the project in place on June 2023Project within 31st December 2027, unless there is a 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 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 the delivery of possession of the Apartment. Provided, 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 become impossible for the Promoter to implement the project 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 (forty-five) 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 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. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Promoter, based on the approved Sanctioned Plan and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on 30 June 2023, 2029 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, pandemic, quarantine restrictions, lockdowns, non-functioning of any statutory or regulatory bodies, court order, injunction, any other calamity caused by nature affecting the regular development of the real estate project Project and/or any other event which is beyond the reasonable control of the Promoter ("“Force Majeure"”). If, however, the completion of the Project is delayed due to the Force Majeure conditions conditions, then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Apartment, Provided 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 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 (forty five) 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 he/she/they/it shall not have any rights, claims claims, etc. against the Promoter and/or the Apartment and that the Promoter shall be released and discharged from all its their obligations and liabilities under this Agreement.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - – The Promoter agrees and understands that timely delivery of possession of the Apartment to the 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 Contd…. P / 12 Agreement. The Promoter assures to hand over handover possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023within 31st December 2020 for Kamala Dham Phase – I, unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting 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, . Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) 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 Allottee(s) the entire amount received by the Promoter from the allotment Allotment within 45 days from that date. The 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 agreed 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. 7.1. i. Schedule for the possession of the said Apartment - Apartment- The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, December 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 agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Apartment, . Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees Allottee/s agree/s and confirms confirm/s 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 (Forty Five) 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 Allottee/s agree/s that he/ she she/they 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter Vendors/Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Vendors/Developer, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specificationsby 31st DECEMBER, amenities and facilities of the project in place on June 2023, 2030 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake and/or epidemic and lockdown order imposed by the Government authority 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 Allottee(s) agrees that the Promoter Vendors/Developer shall be entitled to the extension of time for delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it becomes impossible for the Promoter Vendors/Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Vendors/Developer shall refund to the Allottee Allottee(s) the entire amount received by the Promoter Vendors/Developer 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 AllotteeAllottee(s), the Allottee Xxxxxxxx(s) agrees that he/ she she/ they shall not have any rights, claims etc. against the Promoter Vendors/Developer and that the Promoter Vendors/Developer shall be released and discharged from all its their obligations and liabilities under this Agreement.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, unless not later than Decmber’2027. 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 of delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottees agrees and confirms confirm that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditionsConditions, 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 about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteeAllottees, the Allottee agrees Allotteesagrees that he/ she he 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. 7.1. Schedule schedule for possession of the said Apartment - – The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of the Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specificationsspecification, amenities and facilities of the project in place on of 30th,June 20232021, unless there is a 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 estates project. ("Force Majeure"). If, If however, the completion of the Project project is delayed due to the 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 ApartmentApartment , Provided that such Force Majeure conditions are not of a 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 promoter to implement the project due to Force Majeure force majeure conditions, then this allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received by the Promoter 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 claims, etc. against the Promoter promoter and that the Promoter promoter shall be released and discharged from all its obligations and liabilities under this Agreementagreement.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.117.1. Schedule for possession of the said Apartment - Apartment-The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023March 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 Apartment, Provided that Providedthat 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
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - – The Promoter agrees and understands that timely delivery of possession of the Apartment to the 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 Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project Project in place on June 2023, on---------------------- unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting 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, . Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) 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 Allottee(s) the entire amount received by the Promoter from the allotment Allotment within 45 days from that date. The 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 agreed 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. 7.1. Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023October 2018, 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, 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
POSSESSION OF THE APARTMENT. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment - The [Apartment/Plot] -The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment/Plot] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 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 [Apartment/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 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/ 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. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment/Plot] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 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 [Apartment/Plot], Provided 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 60 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/ 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. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees Allottee, is the essence of the Agreement. The Promoter assures to hand over possession of the said Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project said Phase of the Project in place on June 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, If however, the completion of the said Phase 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, Provided 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 said Phase of 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 Allotment within 45 (forty five) days from that date. The Promoter shall intimate the allottee Allottee about such termination at least thirty 30 (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. 7.1. PLOT
7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake 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 been titled to the extension of time for delivery of possession of the Apartment, Provided 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 Xxxxxxxx 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. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees Allottee(s), is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete right to use common areas with all specifications, amenities and facilities of the project said Project in place on June 2023place, in the month of December 2020 with a grace period of Twelve (12) months, 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 projector any unforeseen occurrences, acts, court order or any other events, omissions or accidents which are beyond the reasonable control of the Ownersand the Promoter so prevented and does not arise out of a breach by such Party of any of its obligations under this agreement(“Force Majeure"”). If, If however, the completion of the said Project is delayed due to the Force Majeure conditions then the Allottee agrees Allottee(s) agree(s) that the Promoter shall be entitled to the extension of time for delivery of possession of the Apartment, Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees Allottee(s) agree(s) and confirms that, in the event it becomes impossible for the Promoter to implement the project saidProject due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter from the allotment within 45 (forty five) days from that date. The Promoter shall intimate the allottee Allottee(s) about such termination at least thirty 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees Allottee(s),the Allottee(s) agree(s) 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. It is clarified that all amounts collected as taxes, charges, levies, cess, assessments and impositions and deposited including stamp duty, registration charges and incidental charges with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee(s) shall be free to approach the authorities concerned for refund of such taxes, charges, levies, cess, assessments and impositions.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee Allottee,and the common areas to the Association 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 possession of the Apartment Apartment/Plot] along with ready and complete common areas Common Areas with all specifications, amenities and facilities of the project in place on June 2023within [∎]May, 2020 with a further grace of 6 months from the date hereof 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, If however, the completion of the Project Apartment 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, Provided 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 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 Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allotteethe 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. 7.1. PLOT:
7.1 Schedule for possession of the said Apartment [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment/Plot] to the Allottee allottee and the common areas to the Association 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 possession of the Apartment [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 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 [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 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. 7.1. 7.1 Schedule for possession of the said Apartment - apartment: The Vendors/Promoter agrees agree and understands understand that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees apartment is the essence of the Agreementagreement. The Promoter Vendors/Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready [apartment] on June, 2026 and complete common areas with all specificationsthe entire project will be completed on December, amenities and facilities of the project in place on June 2023, 2028 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 e State project ("Force Majeure"). If, however, the completion of the Project project is delayed due to the Force Majeure conditions then the Allottee Allottee(s) agrees that the Vendors/Promoter shall be entitled to the extension of time for delivery of possession of the Apartment[apartment], Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms thatthat , in the event it becomes impossible for the Vendors/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendors/Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Vendors/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 AllotteeAllottee(s), the Allottee Xxxxxxxx(s) agrees that he/ he/she shall not have any rights, claims etc. against the Vendors/Promoter and that the Vendors/Promoter shall be released and discharged discharge d from all its obligations and liabilities under this Agreementagreement.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE APARTMENT. 7.1. 7.1 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas Common Areas to the Association association of Allottees allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas right to use Common Areas with all specifications, amenities and facilities of the project in Project place on June 2023, 31st October 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 Project ("Force Majeure"the “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, Provided 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 said 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 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 the Allottee 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. 7.1. 7.1 Schedule for possession of the said Apartment - Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas Common Areas to the Association of Allottees allottees of the Luxury Zone and Luxury portion of the Future Development on its formation or to the Competent Authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with ready and complete common areas of the Project with all specifications, amenities and facilities of the project Project (except certain facilities of Club which will be available upon completion of all the Towers/ Phases of the Luxury Zone) in place on June 202330.09.2023, unless there is delay or failure due to war, flood, droughtdraught, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"“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. Provided, 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 become impossible for the Promoter to implement the project 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 (forty-five) days from that date. The 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. 7.1. 7.1 Schedule for possession of the said Apartment - – The Promoter agrees and understands that timely delivery of possession of the Apartment to the 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 Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on June 2023within 31st December 2025 for XXXXXX XXXXXXX, unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting 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, . Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) 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 Allottee(s) the entire amount received by the Promoter from the allotment Allotment within 45 days from that date. The 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 agreed 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
POSSESSION OF THE APARTMENT. 7.1. PLOT
7.1 Schedule for possession of the said Apartment - [Apartment]: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottees [Apartment] is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place [Apartment] on June 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 [Apartment], Provided 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 Xxxxxxxx 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