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. 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 failure due to war, flood, drought, fire, cyclone earthquake or any other calamity caused by nature effecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of 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]. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee(s) 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(s) 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 agreed that he/ she shall not have any rights, claims etc. against the Promoter and the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
POSSESSION OF THE UNIT. 7.1 Schedule for possession of the said Apartment / 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 and specifications, assures to hand over possession of the Unit on or before 31st March 2025 , with an additional grace period of 6 (six) months, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake, court order, pandemic / epidemic 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 (as defined in the Act) then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Apartment / 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 45 days from that date. After refund of the money paid by the Allottee, Xxxxxxxx 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. 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 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 1 August 2019 unless there is delay or failure due to war flood, drought, fire cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure").
POSSESSION OF THE UNIT. 7.1 Schedule of possession of the Unit:
POSSESSION OF THE UNIT. 20.1 As and when the Unit is ready for occupation and the Tower Occupation (Part/Full)/Completion Certificate shall have been obtained from the Collector, Pune Metropolitan Regional Development Authority, Pune, or any other Authority or Body of the said project, the Owner/Lessor will endeavour to hand over possession of the Unit to the Lessee which is presently anticipated by with a grace period of six months, as human element shall be involved as well as various permissions from the State are required to be renewed in completing the construction of the building/tower, provided all the amounts payable by the Lessee under this Agreement are fully paid to the Owner/Lessor and the Lessee has complied with all the terms and conditions hereof to the extent applicable. If for any reasons beyond its control, the Owner/Lessor is unable to give possession of the said Unit by the said date, then in that event the Owner/Lessor shall pay interest as per State Bank of India Marginal Cost of Lending Rate plus two percent over the amounts till then received from the Lessee. Provided that in case the State Bank of India Marginal Cost of Lending Rate is not in use it would be replaced by such benchmark lending rates which the state Bank of India may fix from time to time for lending to the general public. PROVIDED ALWAYS that the Owner/Lessor shall be entitled to reasonable extension of time for giving delivery of the Unit on the aforesaid date, the extended date (or any further date or dates agreed to by and between the parties hereto) and applying to the Maharashtra Real Estate Regulatory Authority for the extension of registration of project, if the completion of the Tower is delayed on account of :
POSSESSION OF THE UNIT. 5.1 Schedule for possession of the said UNIT – The PROMOTER agrees and understands that timely delivery of possession of the UNIT to the Allottee(s) and the common areas to the commercial association or society of the Allottee(s) 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/by the month of with the grace period of 6 months or any other extended date granted by the competent authority, save and except there is delay or failure due to war, flood, drought, fire, cyclone, earthquake, any other calamity caused by nature or any other factor beyond the control of the PROMOTER affecting the 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(s) agrees and consents that the PROMOTER shall be entitled to the extension of time for delivery of possession of the UNIT. The Allottee(s) 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(s) the entire amount received by the PROMOTER from the allotment within 45 days from that date. The PROMOTER shall intimate the Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s), the Allottee(s) 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. 5.1 Schedule for possession of the said UNIT – The SUB LESSOR / PROMOTER agrees and understands that timely delivery of possession of the UNIT to the Allottee(s) and the common areas to the commercial association or society of the Allottee(s) or the competent authority, as the case may be, is the essence of the Agreement. The SUB LESSOR / 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/by the month of with the grace period of 6 months or any other extended date granted by the competent authority, save and except there is delay or failure due to war, flood, drought, fire, cyclone, earthquake, any other calamity caused by nature or any other factor beyond the control of the SUB LESSOR / PROMOTER affecting the 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(s) agrees and consents that the SUB LESSOR / PROMOTER shall be entitled to the extension of time for delivery of possession of the UNIT. The Allottee(s) agrees and confirms that, in the event it becomes impossible for the SUB LESSOR / PROMOTER to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the SUB LESSOR / PROMOTER shall refund to the Allottee(s) the entire amount received by the SUB LESSOR / PROMOTER from the allotment within 45 days from that date. The SUB LESSOR / PROMOTER shall intimate the Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s), the Allottee(s) agrees that he/she shall not have any rights, claims etc. against the SUB LESSOR / PROMOTER and that the SUB LESSOR / PROMOTER shall be released and discharged from all its obligations and liabilities under this Agreement.
POSSESSION OF THE UNIT. 5.1 The Promoter has handed over the peaceful possession of the Unit to the Allottee(s) on this day and the Allottee(s) hereby acknowledges to have taken the actual peaceful possession of the Unit along with all the specifications agreed to be provided, to his satisfaction. The Allottee shall be liable to pay maintenance charges, taxes and other liabilities as mentioned herein, after expiry of 3(three) full calendar months from the date of occupation certificate irrespective of whether the Allottee(s) took actual physical possession thereof or not.
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.
