Common use of TERMS OF ALLOTMENT Clause in Contracts

TERMS OF ALLOTMENT. 1.1. The Allottee/s hereby has/have agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 square feet, equivalent to 104.14 sq mts., along with appurtenant Balcony/Deck area of 86.00 sq. ft. equivalent to 7.99 sq mts, in the B Wing, on the 13 floor in the said Building known as "XXXX CLASSIC" along with the exclusive usage of2 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' free from all encumbrances expect those which are disclosed, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- (Rupees One paid towards the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' (“Payment Plan”). 1.1.1. The Allottee/s shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' Property hereunder. The Allottee/s shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s in the Common Areas is undivided and cannot be divided or separated, the Allottee/s shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 (Rupees Ten Lakh Thirty One Thousand Five Hundred Seventy only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.

Appears in 1 contract

Samples: Sale Agreement

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TERMS OF ALLOTMENT. 1.1. 1.1 The Allottee/s Allottee hereby has/have has agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having Villa bearing No. Villa- 40 X 60 - Phase III (60) consisting of a Ground Floor and First Floor admeasuring 204.81 Xx.Xxx ( 2204.00 Sq. Ft) of carpet area of 1121.00 square feet, equivalent to 104.14 sq mtsand 14.87 Sq. Mtr. ( 160.05 Sq. Ft., along with appurtenant Balcony/Deck area of 86.00 sq. ft. equivalent to 7.99 sq mts) as deck area, in the B Wing, on the 13 floor HOUSE OF HIRANANDANI DEVANAHALLI CLOVER VILLA with pro rata share in the common areas (“Common Areas”) as defined under Sub-section (n) of Section 2 of the Act (and hereinafter referred to as the “Said Villa”) and more particularly described in Schedule C hereto and the floor plan of the said Building known Villa is annexed hereto and marked as "XXXX CLASSIC" along with the exclusive usage of2 No. of parking as permissible under the applicable law Annexure II; as per proposed layout of the Said Apartment Villa given in Schedule 'B' C free from all encumbrances expect those which are disclosedencumbrances, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- .23185928 (Rupees Two Crore Thirty One Lakh Eighty Five Thousand Nine Hundred Twenty Eight Only). The amount paid towards the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' K (“Payment Plan”). 1.1.1. The Allottee/s Allottee shall also have undivided proportionate share (hereinafter “UDS”) in the Project said Land i.e Schedule A as more fully described in the Schedule 'D' Property B hereunder. The Allottee/s Allottee shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s Allottee in the Common Areas is undivided and cannot be divided or separated, the Allottee/s Allottee shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 (Rupees Ten Lakh Thirty One Thousand Five Hundred Seventy only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.

Appears in 1 contract

Samples: Sale Agreement

TERMS OF ALLOTMENT. 1.1. The Allottee/s hereby has/have agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 square feet, equivalent to 104.14 sq mts., along with appurtenant Balcony/Deck area of 86.00 sq. ft. equivalent to 7.99 sq mts, in the B A Wing, on the 13 17 floor in the said Building known as "XXXX CLASSIC" along with the exclusive usage of2 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' free from all encumbrances expect those which are disclosed, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- 12756412/- (Rupees One amount paid towards the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' (“Payment Plan”). 1.1.1. The Allottee/s shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' Property hereunder. The Allottee/s shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s in the Common Areas is undivided and cannot be divided or separated, the Allottee/s shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 1236213 (Rupees Ten Twelve Lakh Thirty One Six Thousand Five Two Hundred Seventy Thirteen only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (( Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.

Appears in 1 contract

Samples: Sale Agreement

TERMS OF ALLOTMENT. 1.1. The Allottee/s hereby has/have agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 856.00 square feet, equivalent to 104.14 79.52 sq mts., along with appurtenant Balcony/Deck area of 86.00 70.00 sq. ft. equivalent to 7.99 6.50 sq mts, in the B C Wing, on the 13 14 floor in the said Building known as "XXXX CLASSIC" along with the exclusive usage of2 of1 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' free from all encumbrances expect those which are disclosed, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- 10165687/- (Rupees One paid towards Crore One the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' (“Payment Plan”). 1.1.1. The Allottee/s shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' Property hereunder. The Allottee/s shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s in the Common Areas is undivided and cannot be divided or separated, the Allottee/s shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 (Rupees Ten Lakh Thirty One Seven Thousand Five Four Hundred Seventy Eighty only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (( Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.

Appears in 1 contract

Samples: Sale Agreement

TERMS OF ALLOTMENT. 1.1. The Allottee/s Allottee hereby has/have has agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 678.00 square feet, equivalent to 104.14 62.98 sq mts., along with appurtenant Balcony/Deck area of 86.00 24.00 sq. ft. equivalent to 7.99 2.23 sq mts, in the B Wing, on the 13 27 floor in the said Building No. 04 known as "XXXX CLASSIC" QUEENSGATE along with the exclusive usage of2 of 1 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' B free from all encumbrances expect those which are disclosedencumbrances, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- Rs.7292659/- (Rupees One RupeesSeventy Two Lakh Ninety Two Thousand Six Hundred Fifty Nine only) . The amount paid towards the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' E (“Payment Plan”). 1.1.1. The Allottee/s Allottee shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' D Property hereunder. The Allottee/s Allottee shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s Allottee in the Common Areas is undivided and cannot be divided or separated, the Allottee/s Allottee shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners allottees owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 (Rupees Ten Lakh Thirty One Thousand Five Hundred Seventy only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.Clause

Appears in 1 contract

Samples: Sale Agreement

TERMS OF ALLOTMENT. 1.1. The Allottee/s hereby has/have agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 456.00 square feet, equivalent to 104.14 42.36 sq mts., along with appurtenant Balcony/Deck area of 86.00 30.00 sq. ft. equivalent to 7.99 2.79 sq mts, in the B C Wing, on the 13 0 floor in the said Building known as "XXXX CLASSIC" along with the exclusive usage of2 of1 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' free from all encumbrances expect those which are disclosed, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- 5296400/- (Rupees One RupeesFifty Two Lakh Ninety Six Thousand Four Hundred only). The amount paid towards the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' (“Payment Plan”). 1.1.1. The Allottee/s shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' Property hereunder. The Allottee/s shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s in the Common Areas is undivided and cannot be divided or separated, the Allottee/s shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 526365 (Rupees Ten Five Lakh Thirty One Twenty Six Thousand Three Hundred Sixty Five Hundred Seventy only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (( Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.

Appears in 1 contract

Samples: Sale Agreement

TERMS OF ALLOTMENT. 1.1. The Allottee/s Allottee hereby has/have has agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 813.00 square feet, equivalent to 104.14 75.53 sq mts., along with appurtenant Balcony/Deck area of 86.00 24.00 sq. ft. equivalent to 7.99 2.23 sq mts, in the B Wing, on the 13 26 floor in the said Building No. 04 known as "XXXX CLASSIC" QUEENSGATE along with the exclusive usage of2 of 1 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' B free from all encumbrances expect those which are disclosedencumbrances, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- Rs.8946916/- (Rupees One RupeesEighty Nine Lakh Forty Six Thousand Nine Hundred Sixteen only) . The amount paid towards the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' E (“Payment Plan”). 1.1.1. The Allottee/s Allottee shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' D Property hereunder. The Allottee/s Allottee shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s Allottee in the Common Areas is undivided and cannot be divided or separated, the Allottee/s Allottee shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners allottees owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 (Rupees Ten Lakh Thirty One Thousand Five Hundred Seventy only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.Clause

Appears in 1 contract

Samples: Sale Agreement

TERMS OF ALLOTMENT. 1.1. The Allottee/s hereby has/have agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 456.00 square feet, equivalent to 104.14 42.36 sq mts., along with appurtenant Balcony/Deck area of 86.00 30.00 sq. ft. equivalent to 7.99 2.79 sq mts, in the B C Wing, on the 13 17 floor in the said Building known as "XXXX CLASSIC" along with the exclusive usage of2 of1 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' free from all encumbrances expect those which are disclosed, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- 5027553/- (Rupees One paid towards the Total RupeesFifty Lakh Twenty Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' (( “Payment Plan”). 1.1.1. The Allottee/s shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' Property hereunder. The Allottee/s shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s in the Common Areas is undivided and cannot be divided or separated, the Allottee/s shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 (Rupees Ten Lakh Thirty One Thousand Five Hundred Seventy only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.

Appears in 1 contract

Samples: Sale Agreement

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TERMS OF ALLOTMENT. 1.1. The Allottee/s hereby has/have agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 square feet, equivalent to 104.14 sq mts., along with appurtenant Balcony/Deck area of 86.00 sq. ft. equivalent to 7.99 sq mts, in the B Wing, on the 13 14 floor in the said Building known as "XXXX CLASSIC" along with the exclusive usage of2 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' free from all encumbrances expect those which are disclosed, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- 13569939/- (Rupees One amount paid towards the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' (“Payment Plan”). 1.1.1. The Allottee/s shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' Property hereunder. The Allottee/s shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s in the Common Areas is undivided and cannot be divided or separated, the Allottee/s shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 2162928.49 (Rupees Ten Twenty One Lakh Thirty One Thousand Five Hundred Seventy only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.

Appears in 1 contract

Samples: Sale Agreement

TERMS OF ALLOTMENT. 1.1. The Allottee/s hereby has/have agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 square feet1242.00 sq. ft., equivalent to 104.14 sq 115.38 sq. mts., along with appurtenant Balcony/Deck area of 86.00 112.00 sq. ft. equivalent to 7.99 sq 10.41 sq. mts., in the B A Wing, on the 13 1 floor in the said Said Building known as "XXXX CLASSICGATE" along with the exclusive usage of2 of 2 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' free from all encumbrances expect those which are discloseddisclosed , lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- Rs.13308843/- (Rupees One Crore Thirty Three Lakh Eight Thousand Eight Hundred Forty Three only). The amount paid towards the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' (“Payment Plan”). 1.1.1. The Allottee/s shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' Property hereunder. The Allottee/s shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s in the Common Areas is undivided and cannot be divided or separated, the Allottee/s shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 (Rupees Ten Lakh Thirty One Thousand Five Hundred Seventy only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.Clause

Appears in 1 contract

Samples: Sale Agreement

TERMS OF ALLOTMENT. 1.1. The Allottee/s hereby has/have agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 856.00 square feet, equivalent to 104.14 79.52 sq mts., along with appurtenant Balcony/Deck area of 86.00 70.00 sq. ft. equivalent to 7.99 6.50 sq mts, in the B C Wing, on the 13 15 floor in the said Building known as "XXXX CLASSIC" along with the exclusive usage of2 of1 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' free from all encumbrances expect those which are disclosed, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- 10198691/- (Rupees One paid towards Crore One the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' (“Payment Plan”). 1.1.1. The Allottee/s shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' Property hereunder. The Allottee/s shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s in the Common Areas is undivided and cannot be divided or separated, the Allottee/s shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 840552.11 (Rupees Ten Eight Lakh Thirty One Thousand Five Hundred Seventy only) as Booking Amount/Xxxxxxx Money or part Forty thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (( Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.

Appears in 1 contract

Samples: Sale Agreement

TERMS OF ALLOTMENT. 1.1. The Allottee/s Allottee hereby has/have has agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 848.00 square feet, equivalent to 104.14 78.78 sq mts., along with appurtenant Balcony/Deck area of 86.00 24.00 sq. ft. equivalent to 7.99 2.23 sq mts, in the B C Wing, on the 13 23 floor in the said Building No. 04 known as "XXXX CLASSIC" QUEENSGATE along with the exclusive usage of2 of 1 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' B free from all encumbrances expect those which are disclosedencumbrances, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- Rs.9215284/- (Rupees One RupeesNinety Two Lakh Fifteen Thousand Two Hundred Eighty Four only) . The amount paid towards the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' E (“Payment Plan”). 1.1.1. The Allottee/s Allottee shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' D Property hereunder. The Allottee/s Allottee shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s Allottee in the Common Areas is undivided and cannot be divided or separated, the Allottee/s Allottee shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners allottees owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 (Rupees Ten Lakh Thirty One Thousand Five Hundred Seventy only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.Clause

Appears in 1 contract

Samples: Sale Agreement

TERMS OF ALLOTMENT. 1.1. The Allottee/s Allottee hereby has/have has agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee/s, the Said Apartment having carpet area of 1121.00 678.00 square feet, equivalent to 104.14 62.98 sq mts., along with appurtenant Balcony/Deck area of 86.00 24.00 sq. ft. equivalent to 7.99 2.23 sq mts, in the B Wing, on the 13 21 floor in the said Building No. 04 known as "XXXX CLASSIC" QUEENSGATE along with the exclusive usage of2 of 1 No. of parking as permissible under the applicable law as per proposed layout of the Said Apartment given in Schedule 'B' B free from all encumbrances expect those which are disclosedencumbrances, lien, charges or claims whatsoever, for the Total Sale Consideration of INR 12459403/- Rs.7613455/- (Rupees One RupeesSeventy Six Lakh Thirteen Thousand Four Hundred Fifty Five only) . The amount paid towards the Total Sale Consideration shall comprise of the following and is more particularly described hereunder in Clause 1.2 and evinced in the payment schedule hereunder as Schedule 'E' E (“Payment Plan”). 1.1.1. The Allottee/s Allottee shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule 'D' D Property hereunder. The Allottee/s Allottee shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee/s Allottee in the Common Areas is undivided and cannot be divided or separated, the Allottee/s Allottee shall use the Common Areas along with other occupants, maintenance staff etc., without causing any inconvenience or hindrance to them. It is clarified that the Promoter shall hand over the common areas to the Association of Allottees Owners allottees owners after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, presently applicable taxes, cost of providing electric wiring, electrical connectivity to the apartment, lift, water line and plumbing, finishing with paint, tiles, doors, windows, fire detection and firefighting equipment in the common areas, maintenance charges as per Clause 1.2.2 etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the Apartment and the Project; 1.1.3. It is made clear by the Promoter and the Allottee/s agrees that the said Apartment and the corresponding UDS along with the allotted Parking space shall be treated as a single indivisible unit for all purposes. It is agreed that the Project is an independent, self-contained Project covering the Said Land and is not a part of any other Project or zone and shall not form a part of and/or linked/combined with any other Project in its vicinity or otherwise except for the purpose of integration of infrastructure and shared Facilities as given hereunder in Schedule 'H' for the benefit of the Allottee/s. 1.1.4. The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee/s, which it has collected from the Allottee/s, for the payment of outgoings (including land cost, ground rent, municipal or other local taxes, charges for water or electricity, maintenance charges, including mortgage loan and interest on mortgages or other encumbrances and such other liabilities payable to competent authorities, banks and financial institutions, which are related to the Project). If the Promoter fails to pay all or any of the outgoings collected by it from the Allottee/s or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee/s, the Promoter agrees to be liable, even after the transfer of the said Apartment, to pay such outgoings and penal charges, if any, to the authority or person to whom they are payable and be liable for the cost of any legal proceedings which may be taken there for by such authority or person. 1.1.5. The Allottee/s has/have paid a sum of INR. 1031570 (Rupees Ten Lakh Thirty One Thousand Five Hundred Seventy only) as Booking Amount/Xxxxxxx Money or part thereof being part payment towards the Total Price of the said Apartment at the time of application the receipt of which the Promoter hereby acknowledges and the Allottee/s hereby agrees to pay the remaining price of the said Apartment as prescribed in the Payment Plan (Schedule 'E') as may be demanded by the Promoter within the time and in the manner specified therein. Provided that if the Allottee/s delays in payment towards any amount which is payable, he shall be liable to pay interest at the rate prescribed under the Act read with the Rules. 1.1.6. The Allottee/s shall not let, sub-let, transfer, assign or part with the said Apartment and/or the Allottee's right, interest or benefit under this Agreement, or part with the possession of the said Apartment, until all the amounts, dues and charges payable by the Allottee/s to the Promoter under this Agreement are fully paid, and only if the Allottee/s has/have not been guilty of any breach or violation of, or non-observance, non-performance ornon compliance of any of the terms, conditions, covenants, stipulations or provisions of this Agreement, and until the Allottee/s has/have intimated the same in writing to the Promoter and obtained the Promoter's prior written consent and permission to the same.Clause

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Samples: Sale Agreement

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