Common use of POSSESSION OF THE BUNGALOW Clause in Contracts

POSSESSION OF THE BUNGALOW. 7.1. Schedule for possession of the Said Bungalow - The Developer agrees and understands that timely delivery of possession of the Said Bungalow to the Allottee and the Common Areas of the Real Estate Project to the association of allottees (upon its formation and registration) is the essence of the Agreement. The Developer assures to hand over possession of the Said Bungalow along with ready and complete Common Areas of the Real Estate Project (as specified in Schedule E below) with all specifications (as provided in Schedule D below) in place on 30.06.2026 (“Completion Date”), unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Real Estate Project; or any further delay(s) beyond the control of the Developer due to epidemic, quarantine restriction, state or nation wide lockdown, including any future disruptions due to the coronavirus disease ("Force Majeure"). If, however, the completion of the Real Estate Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Developer 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 Allottee agrees and confirms that, in the event it becomes impossible for the Developer to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Developer shall refund to the Allottee the entire amount received by the Developer from the allotment within 45 days from that date. The Developer shall intimate the allottee about such termination at least thirty days prior to such termination. After refunding the money the Allottee paid, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Developer and that the Developer shall be released and discharged from all its obligations and liabilities under this Agreement. The Possession Date has been accepted by the Allottee. However, if the Said Bungalow is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee is linked inter alia to the progress of construction, and the same is not a time linked plan. Notwithstanding anything elsewhere to the contrary herein contained, it is expressly agreed understood and clarified that if at any time, under the provisions of the applicable laws, the Common Areas and all deposits relating thereto and/or the common area with in the MLCP and/or the land comprised in the Project Property and/or Larger Property or any part thereof are required and to be transferred to the association of allottees, then the Developer and/or the Owners, as per their respective entitlements, shall be entitled to do so and the Allottee shall do all acts, deeds and things and signs, executes and delivers all papers documents etc., as be required therefor and if any stamp duty, registration fee, legal fees, other expenses, etc., is payable therefor, then the same shall be borne paid and discharged by the allottees of the Project (including the Allottee herein) proportionately and the Developer and/or the Owners shall not be liable therefor in any manner whatsoever and the Allottee and the other allottees shall keep the Developer and the Owners fully indemnified with regard thereto.

POSSESSION OF THE BUNGALOW. 7.1. Schedule for possession of the Said Bungalow - The Developer Promoter agrees and understands that timely delivery of possession of the Said Bungalow to the Allottee Allottees and the Common Areas of the Real Estate Project to the association of allottees (upon its formation and registration) is the essence of the Agreement. The Developer Promoter assures to hand over possession of the Said Bungalow along with ready and complete Common Areas of the Real Estate Project (as specified in Schedule E below) with all specifications (as provided in Schedule D below) in place on 30.06.2026 November, 2024 (“Completion Date”), unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Real Estate Project; ; or any further delay(s) beyond the control of the Developer Promoter due to epidemic, quarantine restriction, state or nation wide lockdown, including any future disruptions due to the coronavirus disease ("Force Majeure"). If, however, the completion of the Real Estate Project is delayed due to the Force Majeure conditions then the Allottee agrees Allottees agree that the Developer 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 Allottee agrees Allottees agree and confirms confirm that, in the event it becomes impossible for the Developer Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Developer Promoter shall refund to the Allottee Allottees the entire amount received by the Developer Promoter from the allotment within 45 days from that date. The Developer Promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refunding refund of the money paid by the Allottee paidAllottees, the Allottee agrees Allottees agree that he/ she shall not have any rights, claims etc. against the Developer Promoter and that the Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. The Possession Date has been accepted by the AllotteeAllottees. However, if the Said Bungalow is made ready prior to the Completion Date, the Allottee Allottees undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee is Allottees are linked inter alia xxxx to the progress of construction, and the same is not a time linked plan. Notwithstanding anything elsewhere to the contrary herein contained, it is expressly agreed understood and clarified that if at any time, under the provisions of the applicable laws, the Common Areas and all deposits relating thereto and/or the common area with in the MLCP and/or the land comprised in the Project Property and/or Larger Property or any part thereof are required and to be transferred to the association of allottees, then the Developer Promoter and/or the Owners, as per their respective entitlements, shall be entitled to do so and the Allottee Allottees shall do all acts, deeds and things and signs, executes and delivers all papers documents etc., as be required therefor and if any stamp duty, registration fee, legal fees, other expenses, etc., is payable therefor, then the same shall be borne paid and discharged by the allottees of the Project (including the Allottee Allottees herein) proportionately and the Developer Promoter and/or the Owners shall not be liable therefor in any manner whatsoever and the Allottee Allottees and the other allottees shall keep the Developer Promoter and the Owners fully indemnified with regard thereto.

POSSESSION OF THE BUNGALOW. 7.1. Schedule for possession of the Said Bungalow - The Developer Promoter agrees and understands that timely delivery of possession of the Said Bungalow to the Allottee and the Common Areas of the Real Estate Project to the association of allottees (upon its formation and registration) is the essence of the Agreement. The Developer Promoter assures to hand over possession of the Said Bungalow along with ready and complete Common Areas of the Real Estate Project (as specified in Schedule E below) with all specifications (as provided in Schedule D below) in place on 30.06.2026 1st November, 2024 (“Completion Date”), unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Real Estate Project; or any further delay(s) beyond the control of the Developer due to epidemic, quarantine restriction, state or nation wide lockdown, including any future disruptions due to the coronavirus disease Project ("Force Majeure"). If, however, the completion of the Real Estate Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Developer 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 Allottee agrees and confirms that, in the event it becomes impossible for the Developer Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Developer Promoter shall refund to the Allottee the entire amount received by the Developer Promoter from the allotment within 45 days from that date. The Developer Promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refunding refund of the money paid by the Allottee paidAllottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Developer Promoter and that the Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. The Possession Date has been accepted by the Allottee. However, if the Said Bungalow is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee is linked inter alia to the progress of construction, and the same is not a time linked plan. Notwithstanding anything elsewhere to the contrary herein contained, it is expressly agreed understood and clarified that if at any time, under the provisions of the applicable laws, the Common Areas and all deposits relating thereto and/or the common area with in the MLCP and/or the land comprised in the Project Property and/or Larger Property or any part thereof are required and to be transferred to the association of allottees, then the Developer Promoter and/or the Owners, as per their respective entitlements, shall be entitled to do so and the Allottee shall do all acts, deeds and things and signs, executes and delivers all papers documents etc., as be required therefor and if any stamp duty, registration fee, legal fees, other expenses, etc., is payable therefor, then the same shall be borne paid and discharged by the allottees of the Project (including the Allottee herein) proportionately and the Developer Promoter and/or the Owners shall not be liable therefor in any manner whatsoever and the Allottee and the other allottees shall keep the Developer Promoter and the Owners fully indemnified with regard thereto.

POSSESSION OF THE BUNGALOW. 7.1. Schedule for possession of the Said Bungalow - The Developer Promoter agrees and understands that timely delivery of possession of the Said Bungalow to the Allottee Allottees and the Common Areas of the Real Estate Project to the association of allottees (upon its formation and registration) is the essence of the Agreement. The Developer Promoter assures to hand over possession of the Said Bungalow along with ready and complete Common Areas of the Real Estate Project (as specified in Schedule E below) with all specifications (as provided in Schedule D below) in place on 30.06.2026 November, 2024 (“Completion Date”), unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Real Estate Project; ; or any further delay(s) beyond the control of the Developer Promoter due to epidemic, quarantine restriction, state or nation wide lockdown, including any future disruptions due to the coronavirus disease ("Force Majeure"). If, however, the completion of the Real Estate Project is delayed due to the Force Majeure conditions then the Allottee agrees Allottees agree that the Developer 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 Allottee agrees Allottees agree and confirms confirm that, in the event it becomes impossible for the Developer Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Developer Promoter shall refund to the Allottee Allottees the entire amount received by the Developer Promoter from the allotment within 45 days from that date. The Developer Promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refunding refund of the money paid by the Allottee paidAllottees, the Allottee agrees Allottees agree that he/ she shall not have any rights, claims etc. against the Developer Promoter and that the Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. The Possession Date has been accepted by the AllotteeAllottees. However, if the Said Bungalow is made ready prior to the Completion Date, the Allottee Allottees undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee is Allottees are linked inter alia to the progress of construction, and the same is not a time linked plan. Notwithstanding anything elsewhere to the contrary herein contained, it is expressly agreed understood and clarified that if at any time, under the provisions of the applicable laws, the Common Areas and all deposits relating thereto and/or the common area with in the MLCP and/or the land comprised in the Project Property and/or Larger Property or any part thereof are required and to be transferred to the association of allottees, then the Developer Promoter and/or the Owners, as per their respective entitlements, shall be entitled to do so and the Allottee Allottees shall do all acts, deeds and things and signs, executes and delivers all papers documents etc., as be required therefor and if any stamp duty, registration fee, legal fees, other expenses, etc., is payable therefor, then the same shall be borne paid and discharged by the allottees of the Project (including the Allottee Allottees herein) proportionately and the Developer Promoter and/or the Owners shall not be liable therefor in any manner whatsoever and the Allottee Allottees and the other allottees shall keep the Developer Promoter and the Owners fully indemnified with regard thereto.