Commercial Block definition

Commercial Block means the portion of the New Building in a portion of the ground floor and first floor to contain Units for non residential use (including but not limited to ATM, banking, office, shop, restaurant, café, parlour etc.,) and shall include the separate staircase between ground and first floor and also include any Parking Spaces, open and covered spaces as the Promoter may identify earmark or demarcate as being exclusive to or for the non residential Units.

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Commercial Block means shops forming part of the Whole Project to be developed on one portion of the Scheduled Land, in Building named as Commercial Block, Common Areas, Amenities and Facilities reserved for use of shops, all improvements and structures thereon and all easements, rights and appurtenances belonging thereto and named as “▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Plaza”.

Commercial Block means the portion of the Said Building at the Project in a portion of the ground floor and first floor to contain Units for non residential use (including but not limited to ATM, banking, office, shop, restaurant, café, parlour etc.,) and shall include the separate staircase between ground and first floor and also include any Parking Spaces, open and covered spaces as the Promoter may identify earmark or demarcate as being exclusive to or for the non residen- tial Units.

Examples of Commercial Block in a sentence

• After obtaining the partial/full Completion Certificate and handing over physical possession of the apartments/retail units to all the allottees, it shall be responsibility of the Promoter to hand over the necessary documents and plans, including Project Common Areas and Residential Block Common Areas and Commercial Block Common Areas and/or Commercial Block Limited Common Areas, to the Association, as per the local Applicable Laws.

• The Allottee shall not have any rights whatsoever and in howsoever manner in the [Residential Block Common Areas/Commercial Block Common Areas] as the said [Residential Block Common Areas/Commercial Block Common Areas and/or Commercial Block Limited Common Areas] shall at all times and for all purposes remain in the common ownership and dedicated common use and enjoyment of only the allottees/owners/lawful occupiers of the [Residential Block/Commercial Block].

• All rates, taxes and impositions on the Commercial Block or blocks as from the Possession Date until the same are separately assessed shall be proportionately borne and paid by the Sub Lessee (the “Tax Share”) on a monthly or such periodical basis and according to such estimates as may be decided by the Sub Lessor or the Holding Organization.

• It is clarified by the Promoter and the Allottee agrees that the Promoter shall be entitled to connect the electric, water, sanitary and drainage, power back-up and other facilities and connections of the balance part of Whole Project (i.e Towers T4, T5, T6, T7, T8, Commercial Block and EWS Block) with the existing facilities and connections provided for Whole Project in the Phase/ Project.

• The Project common areas include the said Land and the necessary common areas, parts, portions, utilities, amenities and installations for the common use and enjoyment of the allottees/owners/lawful occupants of the Commercial Block and the Residential Block of the Project (hereinafter referred to as the “Project Common Areas” and more fully and particularly described Part IV of Schedule E), and the said project shall be known as “The burj” (“Project”).

• The Promoter shall take steps to abide by the time schedule for completing the Project and handing over the Apartment/ Retail Unit to the Allottee and the Project Common Areas, Residential Block Common Areas and Commercial Block Common Areas and Commercial Block Limited Common Areas to the Association of the allottees after receiving the partial/ full Completion Certificate from KMC.

• The Sub – Lessor shall always have the absolute and unfettered right on all common portions after providing the driveway and the car parking spaces/ two ▇▇▇▇▇▇▇ parking spaces to the respective Commercial Block or blocks and parking areas for their egress and ingress.

• The Allottee shall ensure that there shall be no stacking of debris or materials in any Project Common Areas, Commercial Block Common Areas and/or Residential Block Common Areas and there shall be regular clearing of all debris arising out of the fit-out/ interior works.

• Purchasers of the following Lots/Blocks acknowledge that their property is adjacent to land that are designated Commercial Block 163 or Institutional Block 190 for future development, where there may be activities that cause disturbances to the occupants of these blocks during the day and evening: • Lots 5 to 17, Block 159 & 160 (Commercial Block 163); and • Lots 1 to 4, 18 to 26, Block 161 (Institutional Block 190).

• Concessionaire shall have to build Commercial Block as specified in Table B(v) of Schedule B of Concession Agreement.

More Definitions of Commercial Block

Commercial Block means part of the Said Project comprising of shops together with Limited Common Area and Facilities of Commercial Block being developed on one portion of the Project Land admeasuring 398 sqm and known as Ashiana Malhar Plaza and as shown in the map in Part III of Schedule A.

Commercial Block means the portion of the Said Building at the Project to contain Units for non residential use (including but not limited to ATM, banking, office, shop, restaurant, café, parlour etc.,) and shall include the separate entrance open spaces surrounding the same and other areas relating thereto that may be identified as commercial block and also include any Parking Spaces, open and covered spaces as the Promoter may identify earmark or demarcate as being exclusive to or for the non residential Units it being clarified that the Promoter may alter or vary the size or location of such open and covered space and when so altered or varied, the altered or varied area shall form part of the Commercial Block.