POSSESSION OF THE DESIGNATED UNIT. Schedule for possession of the said Apartment & demarcated Car Parking (if any) – The Promoter agrees and understands that timely delivery of possession of the Designated Unit, is the essence of the Agreement. The Promoter based on the approved plans and specifications assures to hand over possession of the Designated Unit on December, 2027 unless there is delay or failure due to war, flood, pandemic, 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 ALLOTTEE/ALLOTTEES agree that the Promoter shall be entitled to the extension of time for delivery of possession of the Designated Unit, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented the project due to Force Majeure condition, 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 the date. The promoter shall intimate the ALLOTTEE/ALLOTTEES about such termination at least thirty days prior to such termination. After refund of the money paid by the ALLOTTEE, the ALLOTTEE agrees 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. Procedure for taking possession- The Promoter, upon obtaining the occupancy certificate from the competent authority shall offer in writing the possession of the Designated Unit, to the ALLOTTEE/ALLOTTEES in terms of this Agreement to be taken within 3 months from the date of issue of such notice and the Promoter shall give possession of the Unit to the Allottee. The Promoter agrees and undertakes to indemnify the ALLOTTEE/ALLOTTEES in case of failure of fulfilment of any of the provisions, formalities, documentation on part of the Promoter. The ALLOTTEE/ALLOTTEES, after taking possession, agree(s) to pay the maintenance charges as determined by the Promoter/association of ALLOTTEE/ALLOTTEESs, as the case may be, after the issuance of the Completion Certificate for the Project. The Promoter on its behalf shall offer the possession to the Allottee in writing within ………days of receiving the occupancy certificate of the Project. Failure of ALLOTTEE/A...
POSSESSION OF THE DESIGNATED UNIT. 7.1 Schedule for possession of the said designated unit - The Developer agrees and understands that timely delivery of possession of the designated unit to the purchaser and the common areas to the association of purchasers or the competent authority, as the case may be, is the essence of the Agreement. The Developer assures to hand over possession of the designated unit along with ready and complete common areas with all specifications, amenities and facilities of the complex in place within 31ST December, 2021, unless there is delay or failure due to Force Majeure. If, however, the completion of the Complex is delayed due to the Force Majeure conditions then the Purchaser agrees that the Developer shall be entitled to the extension of time for delivery of possession of the Designated Unit: Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Purchaser agrees and confirms that, in the event it becomes impossible for the Developer to implement the complex due to Xxxxx Majeure conditions, then this allotment shall stand terminated and the Developer shall refund to the Purchaser the entire amount received by the Developer from the allotment within 45 days from that date. The developer shall intimate the purchaser about such termination at least thirty days prior to such termination. After refund of the money paid by the Purchaser, the Purchaser 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.
POSSESSION OF THE DESIGNATED UNIT a. Schedule for possession of the said Designated Unit
POSSESSION OF THE DESIGNATED UNIT
