POSSESSION OF THE UNIT. Schedule for possession of the said Unit: The Promoter agrees and understands that timely delivery of possession of the Row House or the Town House Unit to the Allottee and the Common Areas to the Association of the Allottees , is the essence of the Agreement. The Promoter assures to hand over possession of the Row House or the Town House Unit with all specifications in place on 31st October 2028 with a grace period of six months (Completion date). Similarly, the Common areas will be handed over progressively on completion of each phase unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity, order, rule, notification of the government and/or other public or competent authority/court and/or caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Unit and the same shall not include the period of extension given by the Authority for registration, Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. Promoter will be entitled to give block-wise and phase-wise possession upon obtaining the Completion Certificate/ Partial Completion Certificate of a building block or a particular phase as the case may be irrespective of the fact that construction of other Blocks and/or other phases and/or provision of facilities /Amenities may be incomplete. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. It is clarified that all amounts collected as taxes, charges, levies, cess, assessments and impositions and deposited with the appropriate authorities concerned sha...
POSSESSION OF THE UNIT. 7.1 Schedule for possession of the said [UNIT] – The Promoter agrees and understands that timely delivery of possession of the [Unit] to the Allottee and the common areas to the Association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to handover possession of the [Unit] along with ready and complete common areas with all specifications, amenities and facilities of the Project in place on unless there is delay or failure due to war, flood, drought, fire, cyclone earthquake or any other calamity caused by nature effecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the [UNIT]. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee(s) agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee(s) the entire amount received by the Promoter from the Allotment within 45 days from that date. The Promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agreed that he/ she shall not have any rights, claims etc. against the Promoter and the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
POSSESSION OF THE UNIT. 8.1 Schedule for possession of the said Unit: The Promoter agrees and understands that timely delivery of possession of the Unit to the Allottee and the common parts and portions to the Association of Allottees (Any stamp duty, fees or charges for handing over the common parts and portions shall be borne by the Allottee and/or the Association of the Allottee) or the competent authority, as the case may be, is the essence of the Agreement. The Promoter, based on approved plans and specifications, assures to hand over possession of the Unit along with ready and complete common parts and portions with all specifications, installations and facilities of the Residential Project in place within ………….. (hereinafter referred to as the “Completion Date"), unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Unit, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 90 days from the receipt of the insurance money. After refund of the money paid by the Allottee, the Allottee agrees that he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.
POSSESSION OF THE UNIT. 7.1 Schedule for possession of the said Unit – The Promoter agrees and understands that timely delivery of possession of the Unit to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Unit along with ready and complete common areas with all specifications, amenities and facilities of the project in place on or before 31 July 2021 unless there is delay or failure due to war flood, drought, fire cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure").
POSSESSION OF THE UNIT. The Promoter herein shall complete the construction of the said unit in all respects on or before and obtain the occupancy certificate. The Promoter shall offer the possession to the Allottee/s in writing within 7 days of receiving the occupancy certificate of the project. The Allottee/s shall take possession of the unit within 15 days of the written notice from the Promoter to the Allottee/s intimating the said unit is ready for use and occupancy. On receipt of such notice the Allottee/s herein shall inspect the said unit in all respects and get satisfied according to the terms and conditions of this agreement. After Xxxxxxxx/s has/have satisfied himself/ herself/ themselves as aforesaid, at his/ her/their request the Promoter herein shall give the possession of the said unit to the Allottee/s on payment of all dues payable by the Allottee/s, and the Allottee/s herein has/have not committed any default in payment of consideration in installment on due date to the Promoter in pursuance of these presents. If the Promoter fails or neglects to give possession of the said unit to the Allottee/s on account of reasons beyond his control, by the aforesaid date, then the Promoter shall be liable on demand to refund to the unit Allottee/s the amounts already received by him in respect of the unit with interest at the same rate as mentioned in clause-10 hereinabove from the date the Promoter received the sum till the date the amounts and interest thereon is repaid. Provided that the Promoter herein shall be entitled to reasonable extension of time for completing the construction of the said unit in all respects on the aforesaid date, if the completion of the construction of the building in which the unit is situated is delayed on account of--
POSSESSION OF THE UNIT a. Schedule of possession of the Unit:
POSSESSION OF THE UNIT. 20.1 As and when the Unit is ready for occupation and the Tower Occupation (Part/Full)/Completion Certificate shall have been obtained from the Collector, Pune Metropolitan Regional Development Authority, Pune, or any other Authority or Body of the said project, the Owner/Lessor will endeavour to hand over possession of the Unit to the Lessee which is presently anticipated by with a grace period of six months, as human element shall be involved as well as various permissions from the State are required to be renewed in completing the construction of the building/tower, provided all the amounts payable by the Lessee under this Agreement are fully paid to the Owner/Lessor and the Lessee has complied with all the terms and conditions hereof to the extent applicable. If for any reasons beyond its control, the Owner/Lessor is unable to give possession of the said Unit by the said date, then in that event the Owner/Lessor shall pay interest as per State Bank of India Marginal Cost of Lending Rate plus two percent over the amounts till then received from the Lessee. Provided that in case the State Bank of India Marginal Cost of Lending Rate is not in use it would be replaced by such benchmark lending rates which the state Bank of India may fix from time to time for lending to the general public. PROVIDED ALWAYS that the Owner/Lessor shall be entitled to reasonable extension of time for giving delivery of the Unit on the aforesaid date, the extended date (or any further date or dates agreed to by and between the parties hereto) and applying to the Maharashtra Real Estate Regulatory Authority for the extension of registration of project, if the completion of the Tower is delayed on account of :
POSSESSION OF THE UNIT. 7.1 Unless prevented by circumstances beyond the control of the Developer, the said Unit shall be completed in all regards within a period of ------ months from the date of execution of this Agreement with a grace period of 6 months (hereinafter referred to as the COMPLETION DATE)
POSSESSION OF THE UNIT. If, after signing this Agreement, Tenants fail to take possession of the Unit, they shall still be responsible for paying rent and complying with all other terms of this Agreement. In the event Landlord is unable to deliver possession of the Unit to Tenants for any reason not within Landlord's control, including, but not limited to, failure of prior occupants to vacate or partial or complete destruction of the Unit, Tenants shall have the right to terminate this Agreement. In such event, Xxxxxxxx's liability to Tenants shall be limited to the return of all sums previously paid by Tenants to Landlord.
POSSESSION OF THE UNIT. 5.1 Upon receiving offer of possession letter from the Promoter the Allottee shall take possession of the Unit from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter shall give possession of the Unit to the Allottee. In case the Allottee fails to take possession within the time specified in possession letter and without prejudice to any other right that may be available to the Promoter including termination of this Agreement the Allottee shall be liable to pay to the Promoter holding charges at the rate of Rs. 1.00 (Rupees one only) per month per square feet of the Super Built Up Area of the Unit (“Holding Charges”) and Maintenance Charges for the period of such delay. During the period of said delay the Unit shall remain locked and shall continue to be in possession of the Promoter but at the sole risk, responsibility and cost of the Allottee in relation to its deterioration in physical condition. At any time during the period of such delay the Promoter shall, at its sole discretion, and without prejudice to its right including but not limited to recover the costs, expenses and Holding Charges stated herein above, may terminate this Agreement and refund the money as per terms and conditions of application form.
