Common use of POSSESSION OF THE APARTMENT Clause in Contracts

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 …………. 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: Owner/Vendor Agreement for Sale, Owner/Vendor Agreement for Sale, Agreement for Sale

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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 …………. Unless or before 30.06.2021 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting affective 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 Force Majeure conditionscondition, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the Allotteethe entire amount received r eceived by the Promoter from the allotment within 45 days from that the 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 3 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

POSSESSION OF THE APARTMENT. 7.1 Schedule for possession of the said Apartment - The Promoter Developers agrees and understands that timely delivery of possession of the Apartment to the allottee Allottee 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 Developers 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 – I of the Project to be in place on …………. Unless by December’2020 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project Project/Complex (the Force Majeure’FORCE MAJEURE”). If, however, the completion of the Phase - I in the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter Developers 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 Developers to implement the project said Phase - I of the Project/Complex due to force 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 Developers 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 Developers and that the Promoter Developers 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 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 …………. Unless or before 31.12.2024 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting affective 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 Force Majeure conditionscondition, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the Allotteethe entire amount received by the Promoter from the allotment within 45 days from that the 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 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 authorityCompetent 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 within , 2024 with ready and complete common areas with all specifications, amenities and facilities a grace period of the project in place on …………. Unless further six months unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 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 – The Promoter Apartment, the Developer agrees and understands understand 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 Developer 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 …………. Unless before expiry of 30 months from the singing of sale agreement unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter Developer shall be entitled to the extension of time offline 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 Developer to implement the project due to force 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 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 Developer and that the Promoter Developer shall be released and discharged from all its obligations and end liabilities under this Agreement.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

POSSESSION OF THE APARTMENT. 7.1 Schedule for possession of the said Apartment The Promoter agrees and understands andunderstands that timely delivery of possession of the Apartment to the allottee Allottee and the common areas to the association Association of 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 …………. Unless on---------------------- unless there is delay or failure due to war, flood, drought, fire cyclonefire, 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 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 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 …………. Unless or before 31.12.2023 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting affective 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 Force Majeure conditionscondition, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the Allotteethe entire amount received by the Promoter from the allotment within 45 days from that the 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 Schedule for possession of the said Apartment - The Promoter No.2 agrees and understands that timely delivery of possession of the Apartment to the allottee Allottee 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 No.2 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 Complex in place on …………. Unless February, 2021, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project Complex (the Force Majeure’FORCE MAJEURE”). If, however, the completion of the Project Complex is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter No.2 shall be entitled to the extension of time for delivery of possession of the Apartment. Provided Complex , 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 No.2 to implement the project Complex due to force Force Majeure conditions, then this allotment shall stand terminated and the Promoter No.2 shall refund to the Allottee the entire amount received by the Promoter No.2 from the allotment within 45 days from that date. The Promoter No.2 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 No.2 and that the Promoter No.2 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 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 …………. Unless , unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 2 contracts

Samples: Agreement for Sale, 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 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 …………. Unless 31st December, 2021 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 2 contracts

Samples: Agreement for Sale, 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 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 …………. Unless 31- DEC-2020, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

POSSESSION OF THE APARTMENT. 7.1 7.1. Schedule for possession of the said Apartment – The Promoter 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, 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 and facilities of the project in place on …………. Unless , unless there is delay or failure due to war, flood, drought, fire fire, cyclone, and earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force project(Force Majeure’). If, ) if however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee allotted 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, that in the event it becomes impossible for the Promoter promoter to implement the project due to force Majeure majeure conditions, then this allotment shall stand terminated and the Promoter 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 Allotteeallottee, the Allottee agrees that he/she shall not have any rights, claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 2 contracts

Samples: Agreement for Sale, 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 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 …………. Unless , unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT. 7.1 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 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 …………. Unless within September 2023 unless there is delay or failure due to war, flood, short supply of materials, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: 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 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 …………. Unless 10th May, 2026 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project project is delayed due to the Force Majeure conditions condition 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, that in the event it becomes impossible for the Promoter to implement the project due to force 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 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 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 …………. Unless 30 June 2029 unless there is delay or failure due to war, flood, drought, fire 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 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 she/they/it shall not have any rights, claims claims, etc. against the Promoter and/or the Apartment and that the Promoter Transferors 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 Schedule for possession of the said Apartment - The Promoter Promoters agrees and understands that timely delivery of possession of the Apartment to the allottee Allottee 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 Promoters 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 …………. Unless 30th May, 2023, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project Project/Complex (the Force Majeure’FORCE MAJEURE”). If, however, the completion of the Fourth Phase in the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter Promoters 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 Promoters to implement the project said Fourth phase of the Project/Complex due to force 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 Promoters 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 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: 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 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 …………. Unless or before 31st of December 2019, unless there is delay or failure due to war, flood, drought, fire 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. 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 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 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 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 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 …………. Unless 30 June 2029 unless there is delay or failure due to war, flood, drought, fire 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 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 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 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 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 …………. Unless within September 2023 unless there is delay or failure due to war, flood, short supply of materials, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 of allottees Allottee 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 …………. Unless 30/09/2020 unless there is delay or failure due to war, floodfood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension of time for delivery of possession of the Apartment. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to force Force Majeure conditionsConditions, then this allotment This Allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received Amount Received by the Promoter promoter from the allotment within 45 days from that date. The Promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund Refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims Claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations Obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 or the competent authority, as the case may be, 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 …………. Unless 2028 unless there is delay or failure due to war, flood, drought, fire 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. Provided [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 thatthat , in the event it becomes impossible for the Vendors/Promoter to implement the project due to force 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/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. 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 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 specificationson 31st December, amenities and facilities of the project in place on …………. Unless 2026unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT. 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 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 along with ready and complete common areas with all withall specifications, amenities and facilities of the project Project in place on …………. Unless 30.09.2024 -- , unless there is delay or failure due to war, flood, drought, fire cyclonefire, 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 , 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 projectdue to force 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 Allottee with interest 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 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 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 …………. Unless , unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 beAllottee, 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 …………. Unless 15.12.2024 unless there is delay or failure due to war, flood, drought, fire 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 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 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 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 …………. Unless or before 31.12.2025, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: 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 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 …………. Unless 26th March, 2022 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project project is delayed due to the Force Majeure conditions condition 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, that in the event it becomes impossible for the Promoter to implement the project due to force 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 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 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 …………. Unless <<<Possesion_date>>>, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 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 30/06/2026 , amenities and facilities of the project in place on …………. Unless unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 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. PLOT: 7.1 Schedule for possession of the said [Apartment / Plot] The Promoter agrees and understands that timely delivery of possession of the [ Apartment / Plot] to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the [Apartment /Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on …………. Unless , unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting affection 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 [Apartment / Plot], provided that such Force Majeure conditions are not of a nature which make it makes its 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 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 sixty days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 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 …………. Unless or before 31/12/2028 unless there is delay or failure due to war, flood, drought, fire cyclonefire, 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received (without any interest on it) 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: 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 or the competent authority, as the case may beAllottee, 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 …………. Unless 1st September, 2025 unless there is delay or failure due to war, flood, drought, fire 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 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 – Apartment- The Promoter agrees and understands that timely delivery of possession of the Apartment to the allottee Allottee and the common areas 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 possession of the Apartment along with right to use ready and complete common areas with all specifications, amenities and facilities of the project Project in place on …………. Unless 01.04.2025 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/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 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 …………. Unless _ unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project Projcct 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 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 fromall 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 – 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 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 31.12.2027, amenities and facilities of the project in place on …………. Unless unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 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 she/it/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.. It is clarified herein that all the amounts collected as GST and deposited with the

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 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 …………. Unless or before 31st August 2018, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. FLAT/ COMMERCIAL SPACE 7.1 Schedule for possession of the said Apartment – [Apartment/flat/ commercial space ]: 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, [Apartment/flat/ commercial space ] 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/ commercial space / commercial space] on …………. Unless 31.12.2028 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 /flat/ commercial space ], 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 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 Schedule for possession of the said Apartment - The Promoter agrees and understands that timely delivery of possession of the Apartment to the allottee allottees 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 …………. Unless 30.09.2025, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees Allottees agree 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 Allottees agree and confirms confirm that, in the event it becomes impossible for the Promoter to implement the project due to force 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 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 agrees Allottees agree that he/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 Schedule for possession of the said Apartment - The Promoter agrees and understands that understandsthat timely delivery of possession of the Apartment to the allottee Allottee and the common areas Common Areas to the association of allottees or the competent authority, as the case may beAssociation, 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 …………. Unless or before 31-12-2019, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature and other circumstances beyond the control of the Promoter 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment Allottee within 45 days from that date. The Promoter shall intimate the allottee Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 of allottees Allottee 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 …………. Unless 30/04/2020 unless there is delay or failure due to war, floodfood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension of time for delivery of possession of the Apartment. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to force Force Majeure conditionsConditions, then this allotment This Allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received Amount Received by the Promoter promoter from the allotment within 45 days from that date. The Promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund Refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims Claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations Obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 7.1 Schedule for possession of the said Apartment - The Promoter Developers agrees and understands that timely delivery of possession of the Apartment to the allottee Allottees and the common areas Common Areas to the association of allottees or the competent authority, as the case may be, is Allottees are the essence of the Agreement. The Promoter Developers 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 – I of the Project to be in place on …………. Unless from December’2022 onwards unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project Project/Complex (the Force Majeure’FORCE MAJEURE”). If, however, the completion of the Phase - I in the Project is delayed due to the Force Majeure conditions then the Allottee Allottees agrees that the Promoter Developers 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 Developers to implement the project said Phase - I of the Project/Complex due to force 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 Developers 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 Developers and that the Promoter Developers 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 handing over possession of the said Apartment - The Promoter agrees and understands understand that timely delivery of possession of the Apartment to the allottee Allottees and the common areas Common Areas to the association Association of allottees or the competent authority, as the case may be, Allottees is the essence of the Agreement. The Promoter Promote 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 …………. Unless 30th June, 2024, unless there is delay or failure due to war, flood, pandemic, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (Force Majeure). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees Allottees agree that the Promoter Promoters/Owners 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 to implement the project Project due to force Force Majeure conditions, then this allotment shall stand terminated and the Promoter Promoters shall refund to the Allottee Allottees the entire amount received by the Promoter Promoters from the allotment within 45 (forty-five) days from that date. The Promoter shall intimate the allottee Allottees about such termination at least thirty 30 (thirty) days prior to such termination. After refund of the money paid by the AllotteeAllottees, the Allottee Allottees 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 of their obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT. 7.1 7.1. Schedule for the 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 …………. Unless unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: 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 Allottee and the common areas to the association Association of 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 …………. Unless on---------------------- unless there is delay or failure due to war, flood, drought, fire cyclonefire, 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 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 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 Common Areas to the association of the 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 specificationsspecification, amenities and facilities of the project Project in place on …………. Unless or before 15.05.2021, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 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 30 days prior to such termination. After refund of the money paid by the Allottee, the Allottee 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 - 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 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 …………. Unless or before 30th June 2019, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 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 with all specifications, amenities and facilities of the project in place on …………. Unless or before 31st December 2018, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount only received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 of allottees Allottee 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 …………. Unless 31/07/2020 unless there is delay or failure due to war, floodfood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project is delayed due to the Force force Majeure conditions then the Allottee agrees that the Promoter promoter shall be entitled to the extension of time for delivery of possession of the Apartment. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract Contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible Impossible for the Promoter to implement the project due to force Force Majeure conditionsConditions, then this allotment This Allotment shall stand terminated and the Promoter promoter shall refund to the Allottee the entire amount received Amount Received by the Promoter promoter from the allotment within 45 days from that date. The Promoter shall intimate the allottee Allottee about such termination at least thirty 30 days prior to such termination. After refund Refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims Claims etc. against Against the Promoter and that the Promoter shall be released and discharged from all its obligations Obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 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 …………. Unless 31st December, 2021 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project project is delayed due to the Force Majeure conditions condition 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, that in the event it becomes impossible for the Promoter to implement the project due to force 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 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 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 with all specifications, amenities and facilities of the project in place on …………. Unless or before 28th February 2019, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 7.1 Schedule for possession of the said Apartment - The Promoter Owner/Vendor/Xxxxxxxx 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 Owner/Vendor/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 …………. Unless within 3 years 6 months after the construction starts unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Owner/Vendor/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 Owner/Vendor/Promoter to implement the project due to force Force Majeure conditions, then this allotment shall stand terminated and the Owner/Vendor/Promoter shall refund to the Allottee the entire amount received by the Owner/Vendor/Promoter from the allotment within 45 days from that date. The Promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Owner/Vendor/Promoter and that the Owner/Vendor/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 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 …………. Unless or before 31st July 2018, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 said 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 …………. Unless 30.9.2024 unless there is delay or failure due to war, flood, drought, fire cyclonepandemic, epidemic, fire, 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. 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 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 Allotee 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 Schedule for possession of the said Apartment Apartment– The Promoter agrees and understands that timely delivery of possession of the Apartment Apartment/Flat to the allottee Allottee and the common areas to the association Association of allottees or the competent authorityallottees, 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 Project in place on …………. Unless ---------------------- unless there is delay or failure due to war, flood, drought, fire cyclonefire, 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/Flat. 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 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: Partnership Agreement

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POSSESSION OF THE APARTMENT. FLAT: 7.1 Schedule for possession of the said Apartment of Flat – The Promoter agrees and understands that timely delivery of possession of the Apartment Apartment/ Flat to the allottee Allottee and the common areas to the association Association of 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 Project in place on …………. Unless unless there is delay or failure due to war, flood, drought, fire cyclonefire, 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 ApartmentApartment/ Flat. 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 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/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 6.1 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 …………. Unless , unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 /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 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/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 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 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 the[Apartment on …………. Unless 19.07.2026 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 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. the Project.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 7.1 Schedule for possession of the said Apartment - The Promoter Developers agrees and understands that timely delivery of possession of the Apartment to the allottee Allottees and the common areas Common Areas to the association of allottees or the competent authority, as the case may be, is Allottees are the essence of the Agreement. The Promoter Developers 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 – I of the Project to be in place on …………. Unless from December’2020 onward unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project Project/Complex (the Force Majeure’FORCE MAJEURE”). If, however, the completion of the Phase - I in the Project is delayed due to the Force Majeure conditions then the Allottee Allottees agrees that the Promoter Developers 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 Developers to implement the project said Phase - I of the Project/Complex due to force 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 Developers 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 Developers and that the Promoter Developers 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 Allottee and the common areas to the association Association of allottees Allottees or the competent authorityCompetent 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 within _ , 2024 with ready and complete common areas with all specifications, amenities and facilities a grace period of the project in place on …………. Unless further six months unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 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 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 of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreement. The 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 …………. Unless , unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 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/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 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, 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 specificationsan additional grace period of 6 (six) months, amenities and facilities of the project in place on …………. Unless unless there is delay or failure due to war, flood, drought, fire 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 Apartment. said 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 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/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 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 31.03.2024 time……………. Unless unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 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 …………. Unless or before 25/11/2029 unless there is delay or failure due to war, flood, drought, fire cyclonefire, 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received (without any interest on it) 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 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 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 …………not later than Decmber’2027. Unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 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 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 or the competent authority, as the case may be, Allottees is the essence of the Agreement. The Promoter assures to hand over possession of the Apartment along with on completion of the Project on , however possession of ready and complete common areas with all specifications, amenities and facilities of the project in place on …………. Unless unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 Promoter/Owner to implement the project due to force 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 and the Owner 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 or Owner and that the Promoter and Owner 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 Builder 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 Builder 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 …on………. Unless ……., unless there is delay or failure due to war, flood, drought, fire cyclonefire, 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 Builder 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 in becomes impossible for the Promoter Builder to implement the project due to force Force Majeure conditions, then this allotment shall stand terminated and the Promoter Builder shall refund to the Allottee the entire amount received by the Promoter Builder from the allotment within 45 days from that date. The Promoter Builder 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 Builder and that the Promoter Builder 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. 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 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 Unit along with ready and complete common areas with all specifications, amenities and facilities of the project Project in place on …………. Unless 31.01.2024, unless there is delay or failure due to war, flood, drought, fire cyclonefire, 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 , 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 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 Allottee with interest 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 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: Agreement for Sale

POSSESSION OF THE APARTMENT. 7.1 Schedule for possession of the said Apartment – Apartment/ Unit No- on Floor of Block- , The Promoter agrees and understands undertakes 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 this Agreement. The the Promoter assures assure 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 …………. Unless 31/12/2021 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 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 disclosed from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT. PLOT.- 7.1 Schedule for possession of the said 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 or the competent authority, as the case may be, Apart- ment/Plot is the essence of the Agreement. The Promoter Promoter, based on the ap- proved plans and specifications, assures to hand over possession of the Apartment along with ready and complete common areas with all specificationsApartment/Plot by 5th May, amenities and facilities of the project in place on …………. Unless 2024, unless there is delay or PUNJAB GOVT. GAZ. (EXTRA), JUNE 8, 2017 161 failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate es- xxxx 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 pos- session of the Apartment. Provided /Plot, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implementedimple- mented. The Allottee agrees and confirms that, in the event it becomes impossible im- possible for the Promoter to implement the project due to force 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 ninety days from that date. The Promoter shall intimate the allottee about such date of termination at least thirty days prior to such terminationof allot- ment. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 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 …………. Unless 4th January, 2025 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project project is delayed due to the Force Majeure conditions condition 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, that in the event it becomes impossible for the Promoter to implement the project due to force 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 1 contract

Samples: Sale Cum Assignment 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 …………. Unless or before 31st day of December 2019 of the said flat unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting affective 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 Force Majeure conditionscondition, 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 the 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 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 …………. Unless or before 1st August 2018, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 7.1 Schedule 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 or the competent authority, as the case may be, 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 …………. Unless 30th,November,2022, unless there is a delay or failure due to war, floodfood, drought, fire 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 Apartment. Apartment , 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 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/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 – Apartment:The Promoter agrees Promoteragrees 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 Apartmentis 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 …………. Unless Apartmenton unless there is delay or failure due to war, flood, drought, fire 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 (“Force 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 Promotershall 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 Promoterto implement the project Project due to force Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall Promotershall refund to the Allottee the entire amount received by the Promoter from Promoterfrom 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 ofthe money paid by the Allottee, the Allottee agrees that he/she she/they/it shall not have any rights, claims claims, etc. against the Promoter and and/or the Apartmentand that the Promoter shall Promotershall 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 Schedule for possession of the said 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 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 with all specifications, amenities and facilities of the project in place on …………. Unless 31.12.2024 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 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/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 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 …………. Unless 31.03.2024, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

POSSESSION OF THE APARTMENT. 7.1 Schedule for possession of the said Apartment – The 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 Agreementagreement. The Promoter assures to hand over handover the possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on …………. Unless , unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee 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 terminated at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee 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 Agreementagreement.

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 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 …………. Unless or before , unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 /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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. Provided that the Promoters shall be entitled to reasonable extension of time for giving delivery of the said premises on the aforesaid date, if the completion of the said project or building/wing in which the said premises is to be situated is delayed on account of – i. War, Civil Commotion or act of God. ii. Non-availability of steel, cement, other building material, water or electric supply. iii. Any notice, order, rule, notification of the Government and / or other public or Competent Authority or any Decree/Order of any Court/ Tribunal/ Authority. iv. Any Prohibitory or Injunction Order from any Court of Law. v. Pendency of any litigation and any order therein. vi. Delay or default in payment of any installment or dues by the Flat Purchaser. vii. Delay by Local Authority in issuing or granting necessary Completion Certificate or Occupation Certificate. viii. Any other circumstances beyond the control of the Promoters or force majeure. ix. Changes in any rules, regulations, bye-laws of various statutory bodies and authorities from time to time affecting the development and the project. x. Delay in grant of any NOC/ permission/ license/ connection installment of any services such as elevators, electricity and water connections and meters to the project/ flat/ premises/road etc. or completion certificate from any appropriate authority. xi. Extension of time for giving possession as may be permitted by the Regulatory authority under Real Estate (Regulation and Development) Act, 2016 for reason where actual work of said project/building could not be carried by the promoters as per sanctioned plan due to specific stay or injunction orders relating to the said project from any Court of law, or Tribunal, competent authority, statutory authority, high power committee etc. or due to such circumstances as may be decided by the Authority. 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 Allottee in terms of this Agreement to be taken within two months from the date of issue of occupancy certificate. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. The Promoter agrees and undertakes to indemnify the Allottee in case of failure of fulfilment of any of the provisions, formalities, documentation on part of the Promoter. The Allottee, after taking possession, agree(s) to pay the maintenance charges as determined by the Promoter/association of allottees, as the case may be after the issuance of the completion certificate for the project. The promoter shall hand over the occupancy certificate of the apartment/plot, as the case may be, to the allottee at the time of conveyance of the same.

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 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 …………. Unless ................, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: 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 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 …………. Unless unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 …………. Unless 31st October, 2022 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 beAllottee, 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 …………. Unless 15.01.2023 unless there is delay or failure due to war, flood, drought, fire 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 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: 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 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 with all specifications, amenities and facilities of the project in place on …………. Unless or before 31st march 2021, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 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 possession of the Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project Project in place on …………. Unless 22.l2.2025 unless there is delay or failure due to war, flood, drought, fire cyclonefire, 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 , 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 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 Allottee with interest 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 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: 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 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 apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place on …………. Unless Possession date, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 apartment, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to force Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 7.1 Schedule for possession of the said Apartment - The Promoter Developers agrees and understands that timely delivery of possession of the Apartment to the allottee Allottee 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 Developers 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 – I of the Project to be in place on …………. Unless by December’2019 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project Project/Complex (the Force Majeure’FORCE MAJEURE”). If, however, the completion of the Phase - I in the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter Developers 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 Developers to implement the project said Phase - I of the Project/Complex due to force 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 Developers 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 Developers and that the Promoter Developers 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 Allottee and the common areas to the association Association of allottees or the competent authority, as the case may be, Allottee(s) 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 …………. Unless 30th November, 2024 with a grace period of 6 months, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment Allottee within 45 days from that datethe date of such termination. 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 that hehe/ 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 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 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 30th November, amenities and facilities of the project in place on …………. Unless 2024 unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project 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 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 she/it/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. It is clarified herein that all the 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 - 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 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 …………. Unless or before 30-07-2018, unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

POSSESSION OF THE APARTMENT. 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 …………. Unless or before , unless there is delay or failure due to war, flood, drought, fire fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure). If, however, the completion of the Project 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 /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 Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The Promoter promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. Provided that the Promoters shall be entitled to reasonable extension of time for giving delivery of the said premises on the aforesaid date, if the completion of the said project or building/wing in which the said premises is to be situated is delayed on account of – i. War, Civil Commotion or act of God. ii. Non-availability of steel, cement, other building material, water or electric supply. iii. Any notice, order, rule, notification of the Government and / or other public or Competent Authority or any Decree/Order of any Court/ Tribunal/ Authority. iv. Any Prohibitory or Injunction Order from any Court of Law. v. Pendency of any litigation and any order therein. vi. Delay or default in payment of any instalment or dues by the Flat Purchaser. vii. Delay by Local Authority in issuing or granting necessary Completion Certificate or Occupation Certificate. viii. Any other circumstances beyond the control of the Promoters or force majeure. ix. Changes in any rules, regulations, bye-laws of various statutory bodies and authorities from time to time affecting the development and the project. x. Delay in grant of any NOC/ permission/ license/ connection installment of any services such as elevators, electricity and water connections and meters to the project/ flat/ premises/road etc. or completion certificate from any appropriate authority. xi. Extension of time for giving possession as may be permitted by the Regulatory authority under Real Estate (Regulation and Development) Act, 2016 for reason where actual work of said project/building could not be carried by the promoters as per sanctioned plan due to specific stay or injunction orders relating to the said project from any Court of law, or Tribunal, competent authority, statutory authority, high power committee etc. or due to such circumstances as may be decided by the Authority.

Appears in 1 contract

Samples: Sale Agreement

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