Common use of TERMS OF ALLOTMENT Clause in Contracts

TERMS OF ALLOTMENT. 1.1 The Allottee hereby has agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee, the Said Apartment having carpet area of 395.00 square feet, equivalent to 36.70 Sq Mts along with appurtenant Balcony/Deck area of 24.00 sq. ft. , in the Wing, on the 3rdfloor in the said Building known as "TORINO" along with the exclusive usage of 1 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, lien, charges or claims whatsoever, for the Total Sale Consideration of Rs.3754372/-(RupeesThirty Seven Lakh Fifty Four Thousand Three Hundred Seventy Two 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 shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule D Property hereunder. The Allottee shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee in the Common Areas is undivided and cannot be divided or separated, the 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 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 said Apartment, but also the proportionate share in the Common Areas, internal development charges, external development charges, 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 (1.1)etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the said Apartment and the Project; 1.1.3 It is made clear by the Promoter and the Allottee 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 G & H for the benefit of the Allottee. 1.1.4 The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee, which it has collected from the Allottee, 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 or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee, 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 has paid a sum of Rs.316613 /-(Rupees Three Lakh Sixteen Thousand Six Hundred 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 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 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 may transfer his rights, title and interest in the Said Apartment under this Agreement to any third person / entity after obtaining prior written consent of the Promoter. Any such transfer by the Allottee/s shall be subject to the terms and conditions of this Agreement, Relevant Laws, notifications/ governmental directions, the Allottee/s submitting documentary proof as may be required by the Promoter, payment of the monies due and payable by the Allottee/s under this Agreement and payment of applicable transfer / administrative fee of 2% on the Total sale consideration plus taxes as applicable on the Total Area of the Said Apartment to the Promoter.

TERMS OF ALLOTMENT. 1.1 1.1. The Allottee hereby has agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee, the Said Apartment having carpet area of 395.00 square feet, equivalent to 36.70 Sq Mts sq mts., along with appurtenant Balcony/Deck area of 24.00 48.00 sq. ft. equivalent to 4.46 sq mts, in the C Wing, on the 3rdfloor in the said Building known as "TORINO" along with the exclusive usage of 1 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, lien, charges or claims whatsoever, for the Total Sale Consideration of Rs.3754372/-(RupeesThirty Seven Rs.13964203/- (Rupees One Crore Thirty Nine Lakh Fifty Sixty Four Thousand Two Hundred Three Hundred Seventy Two 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 1.1.1. The Allottee shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule D Property hereunder. The Allottee shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee in the Common Areas is undivided and cannot be divided or separated, the 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 after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the said 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 (1.1)etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the said Apartment and the Project; 1.1.3 It is made clear by the Promoter and the Allottee 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 G & H for the benefit of the Allottee. 1.1.4 The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee, which it has collected from the Allottee, 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 or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee, 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 has paid a sum of Rs.316613 /-(Rupees Three Lakh Sixteen Thousand Six Hundred 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 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 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 may transfer his rights, title and interest in the Said Apartment under this Agreement to any third person / entity after obtaining prior written consent of the Promoter. Any such transfer by the Allottee/s shall be subject to the terms and conditions of this Agreement, Relevant Laws, notifications/ governmental directions, the Allottee/s submitting documentary proof as may be required by the Promoter, payment of the monies due and payable by the Allottee/s under this Agreement and payment of applicable transfer / administrative fee of 2% on the Total sale consideration plus taxes as applicable on the Total Area of the Said Apartment to the Promoter.Clause

TERMS OF ALLOTMENT. 1.1 1.1. The Allottee hereby has agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee, the Said Apartment having carpet area of 395.00 square feet, equivalent to 36.70 Sq Mts sq mts., along with appurtenant Balcony/Deck area of 24.00 48.00 sq. ft. equivalent to 4.46 sq mts, in the A Wing, on the 3rdfloor 23 floor in the said Building No. 04 known as "TORINO" QUEENSGATE along with the exclusive usage of 1 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, lien, charges or claims whatsoever, for the Total Sale Consideration of Rs.3754372/-(RupeesThirty Seven Rs.12820819/- (Rupees One Crore Twenty Eight Lakh Fifty Four Twenty Thousand Three Eight Hundred Seventy Two Nineteen 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 1.1.1. The Allottee shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule D Property hereunder. The Allottee shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee in the Common Areas is undivided and cannot be divided or separated, the 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 after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the said 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 (1.1)etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the said Apartment and the Project; 1.1.3 It is made clear by the Promoter and the Allottee 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 G & H for the benefit of the Allottee. 1.1.4 The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee, which it has collected from the Allottee, 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 or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee, 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 has paid a sum of Rs.316613 /-(Rupees Three Lakh Sixteen Thousand Six Hundred 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 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 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 may transfer his rights, title and interest in the Said Apartment under this Agreement to any third person / entity after obtaining prior written consent of the Promoter. Any such transfer by the Allottee/s shall be subject to the terms and conditions of this Agreement, Relevant Laws, notifications/ governmental directions, the Allottee/s submitting documentary proof as may be required by the Promoter, payment of the monies due and payable by the Allottee/s under this Agreement and payment of applicable transfer / administrative fee of 2% on the Total sale consideration plus taxes as applicable on the Total Area of the Said Apartment to the Promoter.Clause

TERMS OF ALLOTMENT. 1.1 1.1. The Allottee hereby has agreed to purchase from the Promoter and the Promoter hereby have agreed to sell to the Allottee, the Said Apartment having carpet area of 395.00 678.00 square feet, equivalent to 36.70 Sq Mts 62.98 sq mts., along with appurtenant Balcony/Deck area of 24.00 sq. ft. equivalent to 2.23 sq mts, in the B Wing, on the 3rdfloor 14th floor in the said Building No. 04 known as "TORINO" QUEENSGATE along with the exclusive usage of 1 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, lien, charges or claims whatsoever, for the Total Sale Consideration of Rs.3754372/-(RupeesThirty Rs.7393487/- (RupeesSeventy Three Lakh Ninety Three Thousand Four Hundred Eighty Seven Lakh Fifty Four Thousand Three Hundred Seventy Two 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 1.1.1. The Allottee shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule D Property hereunder. The Allottee shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee in the Common Areas is undivided and cannot be divided or separated, the 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 after duly obtaining the completion certificate from the competent authority or from the authorized architect as provided in the Act; 1.1.2 1.1.2. That the computation of the price of the said Apartment includes recovery of price of land, construction of not only the said 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 (1.1)etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the said Apartment and the Project; 1.1.3 It is made clear by the Promoter and the Allottee 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 G & H for the benefit of the Allottee. 1.1.4 The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee, which it has collected from the Allottee, 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 or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee, 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 has paid a sum of Rs.316613 /-(Rupees Three Lakh Sixteen Thousand Six Hundred 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 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 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 may transfer his rights, title and interest in the Said Apartment under this Agreement to any third person / entity after obtaining prior written consent of the Promoter. Any such transfer by the Allottee/s shall be subject to the terms and conditions of this Agreement, Relevant Laws, notifications/ governmental directions, the Allottee/s submitting documentary proof as may be required by the Promoter, payment of the monies due and payable by the Allottee/s under this Agreement and payment of applicable transfer / administrative fee of 2% on the Total sale consideration plus taxes as applicable on the Total Area of the Said Apartment to the Promoter.Clause

TERMS OF ALLOTMENT. 1.1 1.1. The Allottee Allottee/s hereby has 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 395.00 square feet1213.00 sq. ft., equivalent to 36.70 Sq Mts 112.69 sq. mts., along with appurtenant Balcony/Deck area of 24.00 108.00 sq. ft. equivalent to 10.03 sq. mts., in the A Wing, on the 3rdfloor 17 floor in the said Said Building known as "TORINOXXXX GATE" along with the exclusive usage of 1 2 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 encumbrancesencumbrances expect those which are disclosed , lien, charges or claims whatsoever, for the Total Sale Consideration of Rs.3754372/-(RupeesThirty Seven INR Rs.15579021/- (Rupees One Crore Fifty Five Lakh Fifty Four Seventy Nine Thousand Three Hundred Seventy Two Twenty One 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 1.1.1. The Allottee Allottee/s shall also have undivided proportionate share (hereinafter “UDS”) in the Project as more fully described in the Schedule D 'D' Property hereunder. The Allottee Allottee/s shall also be entitled to proportionate share in the Common Areas in the Project. Since the share / interest of Allottee Allottee/s in the Common Areas is undivided and cannot be divided or separated, the Allottee 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 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 said 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 (1.1)etc. and includes cost for providing all other facilities, amenities and specifications to be provided within the said Apartment and the Project; 1.1.3 It is made clear by the Promoter and the Allottee 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 G & H for the benefit of the Allottee. 1.1.4 The Promoter agrees to pay all outgoings before transferring the physical possession of the said Apartment to the Allottee, which it has collected from the Allottee, 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 or any liability, mortgage loan and interest thereon before transferring the said Apartment to the Allottee, 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 has paid a sum of Rs.316613 /-(Rupees Three Lakh Sixteen Thousand Six Hundred 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 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 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 may transfer his rights, title and interest in the Said Apartment under this Agreement to any third person / entity after obtaining prior written consent of the Promoter. Any such transfer by the Allottee/s shall be subject to the terms and conditions of this Agreement, Relevant Laws, notifications/ governmental directions, the Allottee/s submitting documentary proof as may be required by the Promoter, payment of the monies due and payable by the Allottee/s under this Agreement and payment of applicable transfer / administrative fee of 2% on the Total sale consideration plus taxes as applicable on the Total Area of the Said Apartment to the Promoter.Clause