Group Housing Colony definition
Examples of Group Housing Colony in a sentence
The Allottee further agrees and undertakes that he/she shall not claim any compensation or reduction in the price of the Apartment or withhold the payment of maintenance and other charges, as and when demanded by the Developer, on the ground of inconvenience or that the infrastructure required for the said Group Housing Colony is not yet complete.
The Allottee is entering into this Agreement for the allotment of a residential Apartment with the full knowledge of all laws, rules, regulations, notifications, applicable to the said Building/ Group Housing Colony in general and the said Apartment in particular.
The Allottee hereby authorizes and permits the Developer to raise finance/ loan from any Financial Institution/ Bank by way of mortgage/ charge/ securitization of receivables or in any other mode or manner by charge/ mortgage of the said Apartment/ said Building/ said Group Housing Colony/ said Land/ said Portion of the Land subject to the condition that the said Apartment shall be free from all encumbrances at the time of execution of conveyance deed.
In order to maintain the Group Housing Colony the Developer shall, upon completion of the Building/ handing over of the Apartment, provide necessary maintenance services either through itself or through any other company/ agency including any other Body or Association (hereinafter referred to as the “Maintenance Company/ Agency”) as the Developer in its sole discretion may deem fit.
Upon resubmission of the said Building/ Group Housing Colony to the provisions of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇ in terms of Section 15 thereof, the Developer/ its nominated Maintenance Company/ Agency shall transfer IFMSD to the body/ association of the apartment owners subject to the terms and conditions contained in this Agreement and to be contained in the Declaration to be filed by the Developer under the said Act.