POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project to the Notified Agency and the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of the Township like driveways, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areas, if any, of the Project on *•+, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting regular development of the 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 extension of time for the delivery of possession of the 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 become 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 allotment within 45 (forty-five) days from that date. The Promoter shall intimate the 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 shall not have rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 4 contracts
Samples: Sub Lease Agreement, Sub Lease Agreement, Sub Lease Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee’s and the Common Areas of the Project common areas to the Notified Agency and association of allottee’s or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+, (Date) unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee Allottee’s agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee Allottee’s agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee’s the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee’s about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee’s, the Allottee Allottee’s agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 4 contracts
Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+or before 19/ 07/ 2020, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
7.2 Procedure for taking possession - The Promoter, upon obtaining the occupancy certificate* (completion certificate from competent authority in case of plotted development, as per local laws) from the competent authority shall offer in writing the possession of the Plot, to the Allottee in terms of this Agreement to be taken within two months from the date of issue of occupancy certificate / completion certificate. It is clarified that all amounts collected [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 GST and deposited with determined by the appropriate authorities concerned Promoter/ association of allottees, as the case may be after the issuance of the completion certificate for the project. The promoter shall not be returned hand over the occupancy certificate / completion certificate of the plot, as the case may be, to the allottee at the time of conveyance of the same. And in case of plotted development, where a single development completion certificate obtained by the Promoter and for whole project than a copy of the Allottee shall same will be free provided to approach the authorities concerned for refund allottee at the time of such GSTconveyance of the same.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project to the Notified Agency and the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of the Township like drivewaysAllottee(s), Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement, subject to the Allottee complying with its obligations. The Promoter assures to hand over possession of the Plot along with ready as per agreed terms and complete Common Areas, if any, of the Project on *•+, conditions unless there is a delay or failure due to war“force majeure”, floodCourt orders, droughtGovernment policy/ guidelines, fire, cyclone, earthquake or any other calamity caused by nature decisions affecting the regular development of the Project (“Force Majeure”)Project. If, however, the completion of the Project is delayed due to the Force Majeure above conditions, then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. ProvidedFor the purpose of this Agreement, that such Force Majeure conditions are not ‘force majeure’ circumstances shall include, without limitation, the following:
(a) fires, explosions, earthquakes, droughts, famines, cyclones, hurricanes, storms, tempests, floods or any natural disasters or acts of a nature which make it impossible for the contract to be implementedgod;
(b) wars, acts of public enemy, acts of terrorism, sabotage, revolutions, rebellions, invasions, riots, civil commotions or civil unrests;
(c) boycotts, sanctions, or embargoes;
(d) contamination by toxic or dangerous chemicals or radioactive contamination;
(e) change in any applicable laws; and
(f) diseases or other health epidemic. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project due to Force Majeure above mentioned “force majeure” conditions, then this allotment Agreement shall stand terminated and the Promoter shall refund to the Allottee Allottee, the entire amount received by the Promoter from allotment the Allottee within 45 90 (forty-fiveninety) days from that datedays. The Promoter shall intimate the Allottee about such termination at least thirty 30 (30thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+31-12-2019, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Providedplot, 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 become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) 60 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
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 plot, to the Allottee in terms of this Agreement to be taken within two months from the date of issue of occupancy certificate. It is clarified that all amounts collected as GST and deposited with [Provided that, in the appropriate authorities concerned absence of local law, the conveyance deed in favour of the allottee shall not be returned 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 be free hand over the occupancy certificate of the apartment/plot, as the case may be, to approach the authorities concerned for refund allottee at the time of such GSTconveyance of the same.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule 1Schedule for possession of the Plot: said plot- The Promoter agrees and understands that timely delivery of the possession of the Plot plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and association of Allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areas, if any, Areas with all amenities and facilities of the Project in place on *•+or before 31 March 2025, unless there is a 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 Project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter shall intimate the Allottee about such termination at least thirty 30 (30thirty) 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. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+Sagar, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+or before 31/ 07/ 2020, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
7.2 Procedure for taking possession - The Promoter, upon obtaining the occupancy certificate* (completion certificate from competent authority in case of plotted development, as per local laws) from the competent authority shall offer in writing the possession of the Plot, to the Allottee in terms of this Agreement to be taken within two months from the date of issue of occupancy certificate / completion certificate. It is clarified that all amounts collected [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 GST and deposited with determined by the appropriate authorities concerned Promoter/ association of allottees, as the case may be after the issuance of the completion certificate for the project. The promoter shall not be returned hand over the occupancy certificate / completion certificate of the plot, as the case may be, to the allottee at the time of conveyance of the same. And in case of plotted development, where a single development completion certificate obtained by the Promoter and for whole project than a copy of the Allottee shall same will be free provided to approach the authorities concerned for refund allottee at the time of such GSTconveyance of the same.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot- The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+Bhopal, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting regular the Regular development of the Project (“Force Majeure”)real estate project. 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 the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. implemented The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) 60 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot- The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project to the Notified Agency and the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of the Township like driveways, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Plot along with ready and complete Common Areas, if any, on or before the date of completion of the project as disclosed to Authority at the time of registration of Project on *•+or such extended period as may be intimated and approved by Authority from time to time, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, strikes, lock-outs, action of labour unions, court cases/ decree/ stay, change of law, directions/ notifications of competent authority/ courts/ tribunals resulting in suspension of/ delay in execution of works, delay in issuance of approvals by Competent Authorities or any other causes (whether similar or dissimilar to the foregoing), shortage of energy, labour, equipment, facilities, materials or supplies, failure of transportation, or any other calamity caused by nature which are beyond the control of the Promoter affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) ninety days from that date. The Promoter shall intimate the Allottee about such date of termination at least thirty (30) days prior to such terminationof allotment. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the said Plot: . - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project to the Notified Agency and the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of the Township like driveways, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Plot along with ready and complete Common Areas, if any, of the Project on *•+, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”)) or due to Courts Order, Government Policies/ Guidelines, decisions affecting the regular development of the real estate project. If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions above mentioned then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) ninety days from that date. The Promoter shall intimate the Allottee about such date of termination at least thirty (30) days prior to such terminationof allotment. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said [/Plot] - The Promoter agrees and understands that timely delivery of the possession of the Plot Apartment to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot Apartment along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+_30th October 2019, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. ProvidedtheApartment , 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 become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and association of Allottee or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+, ………………………. unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. ProvidedRow House/ Bungalow, 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 become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+(date), unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, unrest, non availability of essential materials or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 6.1 Schedule for possession of the Plot: said Plot – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and Maintenance Society or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over handover possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project on *•+in place on----------------------, unless there is a delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter from allotment the Allottee with interest within 45 (forty-five) forty- five days from that date. The Promoter shall intimate the 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 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. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the said Plot: ] - The Promoter agrees and understands that timely delivery of the possession of the Plot developed Plot, in the developed colony, to the Allottee and the Common Areas of the Project to the Notified Agency and the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of the Township like driveways, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency allottee is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areasdeveloped colony (Park, if anyRoad, Drain, Sewer, Septic Tank, Electrification etc.) of the Project project in place on *•+, (date) unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting regular the Regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) 60 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+September 2018, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+31-Dec-2020, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) 90 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project as specified in Schedule F to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areas, if any, Areas as specified in Schedule F with all amenities and facilities of the Project on *•+in place by ………………………….., unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, epidemic, pandemic, lockdown or any other calamity caused by nature or any government/ court order affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make makes it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) sixty days from that date. The Promoter shall intimate the Allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands andunderstands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project on *•+project in place onSagar, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 7.1. Schedule for possession of the said Plot: . – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project to the Notified Agency and the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of the Township like driveways, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter Promoter, based on the approved plans, assures to hand over possession of the Plot along with ready and complete Common Areas, if any, on or before 12 months from the date of execution of the Project Buyer Agreement Or on *•+the execution of Conveyance Deed wherein the title of the plot and possession will stand conferred in favour of the Allottee, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee theAllottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) ninety days from that date. The Promoter shall intimate the Allottee about such date of termination at least thirty (30) days prior to such terminationof allotment. 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. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Buyer Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+31-07-2018, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Providedplot, 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 become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) 60 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
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 plot, to the Allottee in terms of this Agreement to be taken within two months from the date of issue of occupancy certificate. It is clarified that all amounts collected as GST and deposited with [Provided that, in the appropriate authorities concerned absence of local law, the conveyance deed in favour of the allottee shall not be returned 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 be free hand over the occupancy certificate of the apartment/plot, as the case may be, to approach the authorities concerned for refund allottee at the time of such GSTconveyance of the same.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot – The Promoter Promoters agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and Maintenance Society or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter Promoters assures to hand over handover possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project in place on *•+or before 30/09/2020, unless there is a delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter Promoters shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it become becomes impossible for the Promoter Promoters to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter Promoters from allotment the Allottee with interest within 45 (forty-five) five days from that date. The Promoter Promoters shall intimate the 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 agreed that he/he/ she shall not have any rights, claims etc. against the Promoter Promoters and that the Promoter Promoters shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and Maintenance Society or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over handover possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project in place on *•+30-06-2024, unless there is a delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be shallbe entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter from allotment the Allottee with interest within 45 (forty-five) five days from that date. The Promoter shall intimate the 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 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. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and association of Allottee or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+, 31/12/20……. unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake Pandemic, consequent Lockdown or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and Maintenance Society or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over handover possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project in place on *•+31.12.2027, unless there is a delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter from allotment the Allottee with interest within 45 (forty-five) five days from that date. The Promoter shall intimate the 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 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. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot plot along with ready and complete Common Areasdevelopment of common areas with all specifications, if any, amenities and facilities of the Project on *•+project in place. , unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. UNIT/APARTMENT FOR RESIDENTIAL/ COMMERCIAL/INDUSTRIAL/IT/ANY OTHER USAGE (AS THE CASE MAY BE):
7.1 Schedule for possession of the Plot: said Plot/ Unit/Apartment for Residential/Commercial/ Industrial/IT/any other usage - The Promoter agrees and understands that timely delivery of the possession of the Plot Plot/Unit/Apartment for Residential/Commercial/ Industrial/IT/any other usage (as the case may be) alongwith parking (if applicable) to the Allottee Allottee(s) and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting competent authority, as the case may be, as provided under Rule 2(1)(f) of basic infrastructure facilities of the Township like drivewaysRules, Roads2017, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready Plot/ Unit/Apartment for Residential/Commercial/Industrial/IT/any other usage (as the case may be) alongwith parking (if applicable) as per agreed terms and complete Common Areas, if any, of the Project on *•+, conditions unless there is a delay or failure due to war“force majeure”, floodCourt orders, droughtGovernment policy/guidelines, fire, cyclone, earthquake or any other calamity caused by nature decisions affecting the regular development of the Project (“Force Majeure”)real estate project. If, however, the completion of the Project is delayed due to the Force Majeure above conditions, then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, that such Force Majeure conditions are not of a nature which make it impossible /Unit/Apartment for Residential/Commercial/Industrial/IT/any other usage (as the contract to be implementedcase may be). The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure and above mentioned conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee, the entire amount received by the Promoter from allotment the allottee within 45 (forty-five) days from that dateninety days. The Promoter 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 shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the said Plot: – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along Plotalong with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+, OR before 1 August 2019 unless there is a delay or failure due to war, war flood, drought, fire, fire cyclone, earthquake ear thquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“"Force Majeure”"). .
7.2 If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter Prom oter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. .
7.3 The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from allotment the allotme nt within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. .
7.4 After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims cl aims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
7.5 That the completion period mentioned here above is in respect of the particular unit and cannot be treated either as a date of completion for whole row, part of the township or township as a whole. It is clarified however understood between the parties that the possession of various other units comprised in the project and the various common facilities planned therein sh all amounts collected be ready & completed in phases.
i. The Allottee agrees to take possession of the said unit, though the development of common facilities is still underway.
ii. The Promoter agrees and undertakes to indemnity the Allottee in case of failure of fulfillment of a ny of the provisions, formalitiesand documentation on part of the Promoter.
iii. The Allottee, after taking possession, agree(s) to pay the maintenance charges as GST and deposited with the appropriate authorities concerned shall not be returned determined by the Promoter Promoter/ association of allottees, as the case may be after taking the Possessi on of the said unit.
7.6 The promoter shall hand over the completion certificate of the Project, to the allottee as and when it is received from the Allottee shall be free to approach the authorities concerned for refund of such GSTcompetent authority .
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project to the Notified Agency and the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of the Township like driveways, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areas, if any, of the Project on *•+31 December 2023, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting regular development of the Project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to extension of time for the delivery of possession of the 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 become 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 allotment within 45 (forty-five) days from that date. The Promoter shall intimate the 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 shall not have rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sub Lease Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+31-12-2018, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Providedplot, 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 become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) 60 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
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 plot, to the Allottee in terms of this Agreement to be taken within two months from the date of issue of occupancy certificate. It is clarified that all amounts collected as GST and deposited with [Provided that, in the appropriate authorities concerned absence of local law, the conveyance deed in favour of the allottee shall not be returned 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 be free hand over the occupancy certificate of the apartment/plot, as the case may be, to approach the authorities concerned for refund allottee at the time of such GSTconveyance of the same.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said plot - The Promoter agrees and understands that timely delivery of the possession of the Plot theplot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+30/06/2018, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Providedplot, 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 become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
7.2 Procedure for taking possession - The Promoter, upon obtaining full payment of the plot from the Allottee and the completion certificate from the competent authority shall offer in writing the possession of the plot, to the Allottee in terms of this Agreement to be taken within two months from the date of issue of completion certificate. It is clarified that all amounts collected as GST and deposited with [Provided that, in the appropriate authorities concerned absence of local law, the conveyance deed in favour of the allottee shall not be returned carried out by the promoter within 3 months from the date of issue of completion certificate]. The Promoter agrees and undertakes to indemnify the Allottee in case of failure of fulfillment 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 or from 30/6/2018 onwards, whichever is earlier. The promoter shall hand over the completion certificate of the plot, as the case may be, to the allottee at the time of conveyance of the same. That it shall be free mandatory for the Allottee to approach become a member of the authorities concerned residents society, at the time of possession of the said property, which shall be responsible for refund all maintenance and security provision of such GSTthe premises as may be mutually decided later.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with proportionately ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the [Apartment/Plot. Provided], provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the [Plot. Provided], provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project to the Notified Agency and Association of Allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common AreasAreas with all specifications, if any, amenities and facilities of the Project in place on *•+, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature nature, Court orders, Government policy/guidelines, decisions, notification, order of any authority, change in law etc. affecting the regular development of the Project (“Force Majeure”)real estate project. If, however, the completion of the Project is delayed due to the Force Majeure conditions, aforesaid conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, 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 become becomes impossible for the Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee, the entire amount received by the Promoter from the allotment within 45 (forty-five) sixty days from that date. The Promoter shall intimate the Allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by to the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+14th December 2023, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) 60 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+or before 01.09.2019, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+March 2019, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the said [Plot: ] - The Promoter agrees and understands that timely delivery of the possession of the Plot [Plot] to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot [Plot] along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the [Plot. Provided], provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) 60 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the [Apartment/Plot. Provided], provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot- The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project “PHASE-01” of the project in place on *•+, September 2021 unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. 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 become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and Maintenance Society or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over handover possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project in place on *•+, unless there is a delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter from allotment the Allottment within 45 (forty-five) five days from that date. The Promoter shall intimate the 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 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. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and Maintenance Society or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over handover possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project in place on *•+20.01.2025 , unless there is a delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter from allotment the Allottee with interest within 45 (forty-five) five days from that date. The Promoter shall intimate the 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 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. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and Maintenance Society or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over handover possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project in place on *•+, 31-12-2029 unless there is a delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter from allotment the Allottee with interest within 45 (forty-five) five days from that date. The Promoter shall intimate the 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 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. It is clarified that all amounts collected as GST and deposited with For- Landowners Xxxxxxxx Xxx Xxxxx, Xxxx Xxx Xxxxx, Xxxxxxxx Xxxx, Xxxxxxxxxx Xxxxx, Xxxx Xxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxx Xxx, Xxxxx Xxxx, Xxxxx Xxxxx, Xxxx Xxxxx, Xxxxx Xxxxx, Xxxxxxx For- Xxxxx Xxxxxx Xxxxxxxxxx
7.2 Procedure for taking possession- The Promoter, upon obtaining the appropriate authorities concerned occupancy certificate from the competent authority shall not offer in writing the possession of the Plot, to the Allottee(s) in terms of this Agreement to be returned by taken within 2 (two) months from the Promoter and date of issue of occupancy certificate. Provided that, in the absence of local law, the conveyance deed in favor of the Allottee shall be free carried out by the Promoter within three months from the date of issue of occupancy certificate. The Promoter agrees and undertakes to approach indemnify the authorities concerned Allottee(s) in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the Promoter. The Allottee(s), after taking possession, agree(s) to pay the maintenance charges as determined by the Promoter/ Maintenance Society, as the case may be, after the issuance of completion certificate for refund the Project. The Promoter shall handover the occupancy certificate of such GSTthe Plot, as the case may be, to the Allottee at the time of conveyance of the same.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and Maintenance Society or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over handover possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project in place on *•+, or before 20.01.2023 unless there is a delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Project (“real estate project ( "Force Majeure”''). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter from allotment the Allottee with interest within 45 (forty-five) forty- five days from that date. The Promoter shall intimate the 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 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. It is clarified that all amounts collected as GST and deposited with For J_
7.2 Procedure for taking possession- The Promoter, upon obtaining the appropriate authorities concerned occupancy certificate from the competent authority shall not offer in writing the possession of the Plot, to the Allottee(s) in terms of this Agreement to be returned by taken within 2 (two) months from the Promoter and date of issue of occupancy certificate. Provided that, in the absence of local law, the conveyance deed in favor of the Allottee shall be free carried out by the Promoter within three months from the date of issue of occupancy certificate. The Promoter Nandini Buildwell !"it. LId, ~1JCl~ Draft for RERA agrees and undertakes to approach indemnify the authorities concerned Allottee(s) in case of failure of fulfillment of any of the provis.ions, formalities, documentation on part of the Promoter. The AlJottee(s), after taking possession, agree(s) to pay the maintenance charges as determined by the Promoter/ Maintenance Society, as the case may be, after the issuance of completion certificate for refund the Project. The Promoter shall handover the occupancy certificate of such GST.the Plot, as the case may be, to the Allottee at the time of conveyance of the same,
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+_ __, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) 60 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 6.1 Schedule for possession of the Plot: said Plot – The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project common areas to the Notified Agency and Maintenance Society or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over handover possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project on *•+in place on----------------------, unless there is a delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter from allotment the Allottee with interest within 45 (forty-five) five days from that date. The Promoter shall intimate the 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 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. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+30th June, 2019, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Provided, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) 60 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the said [Plot: ] - The Promoter agrees and understands that timely delivery of the possession of the Plot [Plot] to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot [Plot] along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+Xxxxxxx Xxxxx City Bhopal [DATE OF DELIVERY] , unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the [Plot. Provided], provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot to the Allottee and the Common Areas of the Project to the Notified Agency and the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of the Township like drivewaysAllottee(s), Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement, subject to the Allottee complying with its obligations. The Promoter assures to hand over physical possession of the Plot along with ready as per agreed terms and complete Common Areas, if any, of the Project on *•+, conditions unless there is a delay or failure due to war“force majeure”, floodCourt orders, droughtGovernment policy/ guidelines, fire, cyclone, earthquake or any other calamity caused by nature decisions affecting the regular development of the Project (“Force Majeure”)Project. If, however, If the completion of the Project is delayed due to the Force Majeure above conditions, then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. ProvidedFor the purpose of this Agreement, that such Force Majeure conditions are not ‘force majeure’ circumstances shall include, without limitation, the following:
(a) fires, explosions, earthquakes, droughts, famines, cyclones, hurricanes, storms, tempests, floods or any natural disasters or acts of a nature which make it impossible for the contract to be implementedgod;
(b) wars, acts of public enemy, acts of terrorism, sabotage, revolutions, rebellions, invasions, riots, civil commotions or civil unrests;
(c) boycotts, sanctions, or embargoes;
(d) contamination by toxic or dangerous chemicals or radioactive contamination;
(e) change in any applicable laws; and
(f) diseases or other health epidemic. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project due to Force Majeure above mentioned “force majeure” conditions, then this allotment Agreement shall stand terminated and the Promoter shall refund to the Allottee Allottee, the entire amount received by the Promoter from allotment the Allottee within 45 90 (forty-fiveninety) days from that dateof such termination, without any interest. The Promoter shall intimate the Allottee about such termination at least thirty 30 (30thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Sale Agreement
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the Plot: said Plot - The Promoter agrees and understands that timely delivery of the possession of the Plot plot to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot plot along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+date of possession, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the Plot. Providedplot, 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 become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale
POSSESSION OF THE PLOT. 7.1 Schedule for possession of the said [Plot: ] - The Promoter agrees and understands that timely delivery of the possession of the Plot [Plot] to the Allottee allottee and the Common Areas of the Project common areas to the Notified Agency and association of allottees or the Shared Common Facilities/Township Level Common Facilities consisting of basic infrastructure facilities of competent authority, as the Township like drivewayscase may be, Roads, Street lighting, Power Supply and Distribution System and other facilities as described in the DPR to the agency(ies) notified by the Lessor, i.e. the Notified Agency is the essence of the Agreement. The Promoter assures to hand over possession of the Plot [Plot] along with ready and complete Common Areascommon areas with all specifications, if any, amenities and facilities of the Project project in place on *•+31/12/2018, unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions, conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for the delivery of possession of the [Plot. Provided], provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it become becomes impossible for the Promoter to implement the Project project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 (forty-five) 60 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty (30) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as GST and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such GST.
Appears in 1 contract
Samples: Agreement for Sale