POSSESSION OF THE UNIT. 7.1 Schedule for possession of the said Unit : The Promoter agrees and understands that timely delivery of possession of the Unit to the Allottee and the Common Areas to the Association of the Allottees , is the essence of the Agreement. The Promoter assures to hand over possession of the Unit with all specifications, in place on 31st March, 2028 with a grace period of six months (Completion date) . Similarly, the Common areas will be handed over progressively on completion of each phase unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity, order, rule, notification of the government and/or other public or competent authority/court and/or caused by nature affecting the regular development of the real estate project (“Force Majeure”). The Common Areas of the entire Project shall be completed on the completion of the entire Project and not with completion of the respective phases, However such Common Areas of the Project will get connected on the completion of all the phases of the Project. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Unit and the same shall not include the period of extension given by the Authority for registration, Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. Promoter will be entitled to give block-wise and phase-wise possession upon obtaining the Completion Certificate/ Partial Completion Certificate of a building block or a particular phase as the case may be irrespective of the fact that construction of other Blocks and/or other phases and/or provision of facilities /Amenities may be incomplete. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obli...
POSSESSION OF THE UNIT. Schedule for possession of the said Unit. – The Promoter agrees and understands that timely delivery of possession of the Unit is the essence of the Agreement. The Promoter, based on the approved plans, assures to hand over possession of the Unit on or before 12 months from the date of execution of the Buyer Agreement Or on the execution of Conveyance Deed wherein the title of the unit and possession will stand conferred in favour of the Allottee, unless there is delay failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then theAllottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Unit, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the Project due to Force 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 ninety days from the date of termination of 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.
POSSESSION OF THE UNIT. Schedule for possession of the said Unit– The Promoter agrees and understands that timely delivery of possession of the Unit to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Unit along with ready and complete common areas with all specifications, amenities and facilities of the project in place on or before unless there is delay or failure
POSSESSION OF THE UNIT. 7.1 Schedule for possession of the said [UNIT] – The Promoter agrees and understands that timely delivery of possession of the [Unit] to the Allottee and the common areas to the Association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to handover possession of the [Unit] along with ready and complete common areas with all specifications, amenities and facilities of the Project in place on unless there is delay or
POSSESSION OF THE UNIT. 7.1 Schedule for possession of the Unit – The Promoter agrees and understands that timely delivery of possession of the Unit to the Allottee(s) is the essence of the Agreement. The Promoter assures to handover possession of (a) Villas constructed
7.2 Procedure for taking possession- The Promoter, upon completion of the Building shall vide offer letter (“Offer Letter”) offer in writing the possession of the Unit, to the Allottee(s) in terms of this Agreement. Within 30 days of the date of offer of possession given to the Allottee(s) by the Promoter, the Allottee(s) shall make payment of all dues, outstanding, interest, if any, maintenance security etc. to the Promoter and within 50 days from clearance of entire dues, outstanding charges, if any, the Allottee(s) shall take physical possession of the Unit and simultaneously get conveyance of his Unit done from the Promoter by getting the conveyance deed/sale deed/sub lease deed registered before the Sub Registrar, Jaipur. After expiry of 3 (Three) full calendar months from the date of completion certificate, the Allottee(s) shall be liable to pay the maintenance charges as determined by the Promoter/Owners Association/Maintenance Agency, as the case may be. The Promoter agrees and undertakes to indemnify the Allottee(s) in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the Promoter which the Promoter is liable to comply/carry out as per the Applicable Laws provided such failure is not on account of reasons beyond the controls of Promoter and/or on account of any default/delay on the part of the Allottee(s). The Allottee(s) shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1899, Rajasthan Xxxxx Xxx, 0000 and Xxxxxxxxxxxx Xxx, 0000 including any actions taken or deficiencies/penalties imposed by the competent authority. The Promoter shall not be responsible for any damage caused to the Unit on account of delay on the part of the Allottee(s) in taking over possession and in such event the Allottee(s) shall have to take possession of the same on “as is where is basis”. The Promoter shall not be held responsible in any manner for any future mishaps like fire, earthquake, flood etc. OR any accident caused due to any of machineries installed like electrical equipment, and transformer, etc.
POSSESSION OF THE UNIT. 7.1 Unless prevented by circumstances beyond the control of the Developer, the said Unit shall be completed by JUNE, 2021 with a grace period of 6 months (hereinafter referred to as the COMPLETION DATE).
7.2 Time for completion is and shall always remain as the essence of the contract subject to what is herein agreed.
7.3 Upon completion of the said Project and/or Unit the Developer shall apply to Kolkata Municipal Corporation for grant of occupancy certificate and upon payment of the total purchase price and all other amounts payable in terms of this agreement by the Purchaser to the Vendors the Purchaser shall be entitled to take over possession of the said Unit along with ready and complete common areas with all specifications, amenities and facilities
7.4 In the event of any delay in making over possession consequent to force majeuere conditions then and in that event the time for completion shall stand automatically extended
7.5 For the purposes of force majeure the following shall be deemed to be force majeure conditions: i) War
POSSESSION OF THE UNIT. Schedule for possession of the said Unit– The Promoter/Vendor agrees and understands that timely delivery of possession of the Unit to the Allottee/s and the common areas to the association of Allottee/s or the competent authority, as the case may be, is the essence of the Agreement. The Promoter/Vendor assures to hand over possession of the Unit along with ready and complete common areas with all specifications, amenities and facilities of the Project in place on within Procedure for taking possession – The Promoter/Vendor, upon obtaining the occupancy certificate from the competent authority, shall offer in writing the possession of the Unit, to the Allottee/s in terms of this Agreement to be taken within 2(two) months from the date of issue of occupancy certificate [Provided that, in the absence of local law, the conveyance deed in favour of the Allottee/s shall be carried out by the Promoter/Vendor within 3(three) months from the date of issue of occupancy certificate]. The Promoter/Vendor agrees and undertakes to indemnify the Allottee/s in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the Promoter/Vendor. The Allottee/s, after taking possession, agree(s) to pay the maintenance charges as determined by the Promoter/Vendor/association of Allottee/s, as the case may be after the issuance of the completion certificate for the Project. The Promoter/Vendor shall hand over the occupancy certificate of the Unit/Project, as the case may be, to the Allottee/s at the time of conveyance of the same.
POSSESSION OF THE UNIT. 9.1 Schedule for possession of the said Unit. The Promoter agrees and understands that timely delivery of possession of the Unit to the Allottee/Sub-lessee and the common areas to the Association of Allottee/Sub-lessee or the Competent Authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Unit along with ready and complete common areas with all specifications, amenities and facilities of the Phase of the Project in place on not latter than 48 months unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate Phase of the Project (“Force Majeure” as mentioned in Cl.7.1 and with Application of Booking Form Cl.9A & 9B). If, however, the completion of the Phase of the Project is delayed due to the Force Majeure conditions then the Allottee/Sub-lessee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Unit.
POSSESSION OF THE UNIT. 5.1 Upon receiving offer of possession letter from the Promoter the Allottee shall take possession of the Unit from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter shall give possession of the Unit to the Allottee. In case the Allottee fails to take possession within the time specified in possession letter and without prejudice to any other right that may be available to the Promoter including termination of this Agreement the Allottee shall be liable to pay to the Promoter holding charges at the rate of Rs. 1.00 (Rupees one only) per month per square feet of the Super Built Up Area of the Unit (“Holding Charges”) and Maintenance Charges for the period of such delay. During the period of said delay the Unit shall remain locked and shall continue to be in possession of the Promoter but at the sole risk, responsibility and cost of the Allottee in relation to its deterioration in physical condition. At any time during the period of such delay the Promoter shall, at its sole discretion, and without prejudice to its right including but not limited to recover the costs, expenses and Holding Charges stated herein above, may terminate this Agreement and refund the money as per terms and conditions of application form.
POSSESSION OF THE UNIT. I/We understand and acknowledge that the commencement, construction, and completion of the Project shall be based on the estimated dates, unless further extended by reason of force majeure. Force majeure shall mean acts of God, fire, flood, storm, earthquake or seismic disturbances, acts of war (whether declared or not), acts of public enemies of the Philippines, sabotage, rebellion, revolution, civil commotion, economic malaise, hyperinflation, severe peso devaluation, political upheaval, strikes, lockouts, shortage of construction materials such as cement and steel, boycotts or other industrial or labor disputes, or any other cause or causes similar to the foregoing, beyond the reasonable control of the party, and/or any other conditions, event and cause. In the event of force majeure, the DEVELOPER shall be given additional time to complete the construction of the Project.
I/ We hereby agree that I/we may only take physical possession of the Unit upon official turnover by the DEVELOPER which will take place after the full payment of the Contract Price, other penalties, surcharges, interest due and outstanding and other charges Within thirty (30) days upon receipt of the Notice of Completion, I/We shall schedule the viewing and inspection of the Reserved Property. Otherwise, the Reserved Property shall be deemed accepted on an “as is, where is basis”. Failure or refusal on my/our part to accept the Reserved Property within the thirty (30) day period shall release the Developer of any responsibility or liability for any damages or pilferage to the Reserve Property and waive my/our right for any repairs. I/We hereby acknowledge that the construction of the amenities of the project will be phased. Not all amenities will be built and be ready for the first few properties of the Project.
