Common use of POSSESSION OF THE UNIT Clause in Contracts

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. 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 plansplans and specifications, assures to hand over possession of the Unit on or before 12 months from the date 31st March 2025 , with an additional grace period 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 Allottee6 (six) months, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake 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 theAllottee the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Apartment / Unit, 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 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 ninety 45 days from the date of termination of allotmentthat date. After refund of the money paid by the Allottee, 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. – Unit - The Promoter agrees and understands that timely delivery of possession of the Unit to the Allottee(s) and the common areas to the Maintenance Society or the competent authority, as the case may be, is the essence of the Agreement. The Promoter, based on the approved plans, Promoter assures to hand over handover possession of the Unit on or before 12 months from the date of execution along with ready and complete common areas with all specifications, amenities and facilities of the Buyer Agreement Or Project in place on the execution of Conveyance Deed wherein the title of the unit and possession will stand conferred in favour of the Allottee31-12-2028, unless there is 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 real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then theAllottee the Allottee(s) 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 Allottee(s) agrees and confirms that, in the event it 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 Allottee(s) with interest within ninety forty-five days from that date. The Promoter shall intimate the date of Allottee(s) about such termination of allotmentat least thirty days prior to such termination. After refund of the money paid by the AllotteeAllottee(s), the Allottee agrees Allottee(s) 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.

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 is the essence of the Agreement. The Promoter, based on the approved plansplans and specifications, assures to hand over possession of the Unit on or before 30th June 2025, with an additional grace period of 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(twelve) months, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, court order, pandemic / epidemic or any other calamity caused by nature or other causes 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 theAllottee 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 agrees and confirms that, in the event it 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 ninety days from the date of termination of allotmentperiod mentioned in the Act. After refund of the money paid by the Allottee, 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 Developer 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, based on the approved plans, Developer assures to hand over possession of the Unit on or before 12 months from the date of execution along with ready and complete common areas with all specifications, amenities and facilities of the Buyer Agreement Or project in place on the execution of Conveyance Deed wherein the title of the unit and possession will stand conferred in favour of the Allottee31st December, 2023 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 Project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions condition then theAllottee the Allottee/s agrees that the Promoter Developer shall be entitled to the extension of time for delivery of possession of the Unit, 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 becomes impossible for the Promoter Developer to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Allottee Allottee/s the entire amount received by the Promoter Developer from the allotment within ninety 45 (forty five) days from that date. The Developer shall intimate the date of Allottee/s about such termination of allotmentat least 30(thirty) days prior to such termination. After refund of the money paid by the Allottee/s, the Allottee Allottee/s agrees that he/she shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer 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. – 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, if any is the essence of the Agreement. The Promoter, based on the approved plans, Promoter assures to hand over possession of the Unit on or before 12 months from the date of execution along with ready and complete common areas with all specifications, amenities and facilities of the Buyer Agreement Or on the execution of Conveyance Deed wherein the title of the unit and possession will stand conferred project in favour of the Allotteeplace within 30th June 2026, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, 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 then theAllottee the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Unit, 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 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 ninety 45 days from that date. The Promoter shall intimate the date of allottee about such termination of allotmentat least thirty 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.

POSSESSION OF THE UNIT. 7.1 Schedule for possession of the said Unit. – The Promoter Developer 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, based on the approved plans, Developer assures to hand over possession of the Unit on or before 12 months from the date of execution along with ready and complete common areas with all specifications, amenities and facilities of the Buyer Agreement Or Project in place on the execution of Conveyance Deed wherein the title of the unit and possession will stand conferred in favour of the Allottee31st December, 2023 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”). If, however, the completion of the Project is delayed due to the Force Majeure conditions condition then theAllottee the Allottee/s agrees that the Promoter Developer shall be entitled to the extension of time for delivery of possession of the Unit, 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 becomes impossible for the Promoter Developer to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Allottee Allottee/s the entire amount received by the Promoter Developer from the allotment within ninety 45 (forty five) days from that date. The Developer shall intimate the date of Allottee/s about such termination of allotmentat least 30(thirty) days prior to such termination. After refund of the money paid by the Allottee/s, the Allottee Allottee/s agrees that he/she shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer 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 Segmental Common Portions to the association of Allottees or the competent authority, as the case may be, 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 along with ready and complete Segmental Common Portions with all specifications, amenities and facilities of the Buyer Agreement Or project in place 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 or failure due to pandemic, 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 (as defined in the Act) then theAllottee the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Unit, 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 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 ninety 45 days from that date. The promoter shall intimate the date of Allottee about such termination of allotmentat 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 obligations and liabilities under this Agreement.

POSSESSION OF THE UNIT. 7.1 Schedule for possession of the said Unit. – 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, if any is the essence of the Agreement. The Promoter, based on the approved plans, 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 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 Allottee30th June 2026, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, 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 then theAllottee the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Unit, 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 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 ninety 45 days from that date. The Promoter shall intimate the date of allottee about such termination of allotmentat least thirty 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.

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 plansplans and specifications, assures to hand over possession of the Unit Apartment on or before __, with an additional grace period of 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(twelve) months, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake 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 theAllottee the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Apartment / Unit, 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 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 ninety 45 days from the date of termination of allotmentthat date. After refund of the money paid by the Allottee, 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, based on the approved plans, assures to hand over possession of the Unit on or before 12 months from the date of execution along with ready and complete common areas with all specifications, amenities and facilities of the Buyer Agreement Or project in place 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 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”). If, however, the completion of the Project is delayed due to the Force Majeure conditions (as defined in the Act) then theAllottee the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Unit, 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 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 ninety 45 days from that date. The promoter shall intimate the date of Allottee about such termination of allotmentat 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 obligations and liabilities under this Agreement.