Common use of POSSESSION OF THE BUNGALOW Clause in Contracts

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

POSSESSION OF THE BUNGALOW. 7.1 Schedule for possession of the said Bungalow – The Promoter agrees and understands that timely delivery of possession of the Bungalow to the ALLOTTEES Allottee and the common areas to the association of ALLOTTEESs 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 Bungalow along with ready and complete common areas with all specifications, amenities and facilities of the project in place on December 2023 25th March, 2022 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affective 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 ALLOTTEES Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Bungalow. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The ALLOTTEES Allottee agrees and confirms that, that in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditionconditions, then this allotment shall stand terminated and the Promoter shall refund to the ALLOTTEES Allottee the entire amount received by the Promoter from the allotment within 45 days from the that date. The promoter Promoter shall intimate the ALLOTTEES Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the ALLOTTEESAllottee, the ALLOTTEES 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.

POSSESSION OF THE BUNGALOW. 7.1 Schedule for possession of the said Bungalow – The Promoter agrees and understands that timely delivery of possession of the Bungalow to the ALLOTTEES allottee and the common areas to the association of ALLOTTEESs 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 Bungalow along with ready and complete common areas with all specifications, amenities and facilities of the project in place on December 2023 August’2020 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature 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 ALLOTTEES Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Bungalow. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The ALLOTTEES Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure condition, then this allotment shall stand terminated and the Promoter shall refund to the ALLOTTEES the Allotteethe entire amount received r eceived by the Promoter from the allotment within 45 days from the date. The promoter shall intimate the ALLOTTEES allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the ALLOTTEESAllottee, the ALLOTTEES 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.

POSSESSION OF THE BUNGALOW. 7.1 Schedule for possession of the said Bungalow – The Promoter agrees and understands that timely delivery of possession of the Bungalow to the ALLOTTEES and the common areas to the association of ALLOTTEESs or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Bungalow along with ready and complete common areas with all specifications, amenities and facilities of the project in place on December 2023 by December, 2024 (Pandemic) unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature 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 ALLOTTEES agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Bungalow. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The ALLOTTEES agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure condition, then this allotment shall stand terminated and the Promoter shall refund to the ALLOTTEES the entire amount received by the Promoter from the allotment within 45 60 (Sixty) days from the date. The promoter shall intimate the ALLOTTEES about such termination at least thirty days prior to such termination. After refund of the money paid by the ALLOTTEES, the ALLOTTEES agrees that he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE BUNGALOW. 7.1 Schedule for possession of the said Bungalow – The Promoter agrees and understands that timely delivery of possession of the Bungalow to the ALLOTTEES allottee and the common areas to the association of ALLOTTEESs 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 Bungalow along with ready and complete common areas with all specifications, amenities and facilities of the project in place on December 2023 December’2022 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature 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 ALLOTTEES Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Bungalow. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The ALLOTTEES Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure condition, then this allotment shall stand terminated and the Promoter shall refund to the ALLOTTEES the Allotteethe entire amount received by the Promoter from the allotment within 45 days from the date. The promoter shall intimate the ALLOTTEES allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the ALLOTTEESAllottee, the ALLOTTEES 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.

POSSESSION OF THE BUNGALOW. 7.1 Schedule for possession of the said Bungalow – The Promoter agrees and understands that timely delivery of possession of the Bungalow to the ALLOTTEES allottee and the common areas to the association of ALLOTTEESs 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 Bungalow along with ready and complete common areas with all specifications, amenities and facilities of the project in place on December 2023 December’2022 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature 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 ALLOTTEES Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Bungalow. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The ALLOTTEES Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure condition, then this allotment shall stand terminated and the Promoter shall refund to the ALLOTTEES the Allotteethe entire amount received r eceived by the Promoter from the allotment within 45 days from the date. The promoter shall intimate the ALLOTTEES allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the ALLOTTEESAllottee, the ALLOTTEES 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.

POSSESSION OF THE BUNGALOW. 7.1 Schedule for possession of the said Bungalow – - The Promoter agrees and understands that timely delivery of possession of the Bungalow to the ALLOTTEES Allottee and the common areas Common Areas to the association of ALLOTTEESs 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 Bungalow 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 December 2023 ------- ------- unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affective affecting the regular development of the real estate project Project (the “Force MajeureFORCE MAJEURE”). If, however, the completion of the Phase in the Project is delayed due to the Force Majeure conditions then the ALLOTTEES Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Bungalow. Provided , provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The ALLOTTEES Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project said phase of the Project due to Force Majeure conditionconditions, then this allotment shall stand terminated and the Promoter shall refund to the ALLOTTEES Allottee the entire amount received by the Promoter from the allotment within 45 days from the that date. The promoter Promoter shall intimate the ALLOTTEES Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the ALLOTTEESAllottee, the ALLOTTEES 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.

POSSESSION OF THE BUNGALOW. 7.1 Schedule for possession of the said Bungalow – - The Promoter agrees and understands that timely delivery of possession of the Bungalow to the ALLOTTEES Allottee and the common areas Common Areas to the association of ALLOTTEESs 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 Bungalow 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 December 2023 ------- ------- unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affective affecting the regular development of the real estate project Project (the “Force MajeureFORCE MAJEURE”). If, however, the completion of the Phase in the Project is delayed due to the Force Majeure conditions then the ALLOTTEES Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Bungalow. Provided , provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The ALLOTTEES Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project said phase of the Project due to Force Majeure conditionconditions, then this allotment shall stand terminated and the Promoter shall refund to the ALLOTTEES Allottee the entire amount received by the Promoter from the allotment within 45 days from the that date. The promoter Promoter shall intimate the ALLOTTEES Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the ALLOTTEESAllottee, the ALLOTTEES 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. The Promoter, upon obtaining the occupancy 7.2 Procedure for taking possession - certificate (or such other certificate by whatever name called issued by the competent authority) from the competent authority shall within a maximum period of fifteen days from such date (the “NOTICE OF POSSESSION”) offer in writing the possession of the Bungalow, to the Allottee in terms of this Agreement by sending the notice of such offer by speed post/e-mail calling upon the Allottee to take possession of the Bungalow within a maximum of forty five days from the date of the said Notice Of Possession by the Allottee. (the “POSSESSION DATE/ DEEMED DATE OF POSSESSION ”) Provided that the conveyance deed of the Bungalow in favour of the Allottee shall be executed and registered by the Promoter (subject, however, to the Allottee making all payments as mentioned in the FIFTH SCHEDULE hereto and taking possession of the Bungalow in terms of the Notice Of Possession and making payment of the stamp duty, registration charges and legal charges & expenses to the Promoter as per requisition of the Promoter) within three months from the date of issue of occupancy certificate (or such other certificate by whatever name called issued by the competent authority) as provided by the relevant laws in West Bengal. The Promoter agrees and undertakes to indemnify the Allottee in case of failure of fulfillment of any of the provisions, formalities, documentation on the part of the Promoter. The Allottee, after taking possession and/or from the Deemed Date of Possession, agree(s) to pay the maintenance charges as determined by the Promoter/association of allottees. The Promoter shall hand over a copy of the occupancy certificate (or such other certificate by whatever name called issued by the competent authority) of the Project/Bungalow, as the case may be, to the Allottee at the time of conveyance of the Bungalow in favour of the Allottee.

POSSESSION OF THE BUNGALOW. 7.1 Schedule for possession of the said Bungalow – The Promoter agrees and understands that timely delivery of possession of the Bungalow to the ALLOTTEES Allottee and the common areas to the association of ALLOTTEESs 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 Bungalow along with ready and complete common areas with all specifications, amenities and facilities of the project in place on December 2023 31st December, 2024 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affective 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 ALLOTTEES Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Bungalow. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The ALLOTTEES Allottee agrees and confirms that, that in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditionconditions, then this allotment shall stand terminated and the Promoter shall refund to the ALLOTTEES Allottee the entire amount received by the Promoter from the allotment within 45 days from the that date. The promoter Promoter shall intimate the ALLOTTEES Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the ALLOTTEESAllottee, the ALLOTTEES 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.

POSSESSION OF THE BUNGALOW. PLOT: 7.1 Schedule for possession of the said Bungalow – Bungalow/Plot - The Promoter agrees and understands that timely delivery of possession of the Bungalow Bungalow/Plot to the ALLOTTEES allottee and the common areas to the association of ALLOTTEESs 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 Bungalow Bungalow/Plot along with ready and complete common areas with all specifications, amenities and facilities of the project in place on December 2023 OR before 15/08/2021, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affective 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 ALLOTTEES Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Bungalow. 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 ALLOTTEES Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditionconditions, then this allotment shall stand terminated and the Promoter shall refund to the ALLOTTEES Allottee the entire amount received by the Promoter from the allotment within 45 days from the that date. The promoter shall intimate the ALLOTTEES allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the ALLOTTEESAllottee, the ALLOTTEES 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.

POSSESSION OF THE BUNGALOW. 7.1 Schedule for possession of the said Bungalow – The Promoter agrees and understands that timely delivery of possession of the Bungalow to the ALLOTTEES and the common areas to the association of ALLOTTEESs or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Bungalow along with ready and complete common areas with all specifications, amenities and facilities of the project in place on December 2023 by December, 2024 (Pandemic) unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature 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 ALLOTTEES agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Bungalow. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The ALLOTTEES agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure condition, then this allotment shall stand terminated and the Promoter shall refund to the ALLOTTEES the entire amount received by the Promoter from the allotment within 45 (Forty Five) days from the date. The promoter shall intimate the ALLOTTEES about such termination at least thirty days prior to such termination. After refund of the money paid by the ALLOTTEES, the ALLOTTEES agrees that he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.