The VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 herein also purchased all that piece and parcel of land admeasuring about 1.42
The VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 is fully competent to enter into this Agreement and all the legal formalities with respect to the right, title and interest of the VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 regarding the Said Land on which Project is to be constructed have been completed;
The VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 undertakes and agrees that while raising a demand on the Allottee/Purchaser for increase in development charges, cost/charges imposed by the competent authorities, the VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 shall enclose the said notification/order/rule/regulation to that effect along with the demand letter being issued to the Allottee/Purchaser, which shall only be applicable on subsequent payments. Provided that if there is any new imposition or increase of any development charges after the expiry of the scheduled date of completion of the project as per registration with the Authority, which shall include the extension of registration, if any, granted to the said project by the Authority as per the Act, the same shall not be charged from the Allottee/Purchaser.
The VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 shall confirm to the final carpet area that has been allotted to the Allottee/Purchaser after the construction of the Building is complete and the Occupancy Certificate* (or such other certificate by whatever name called issued by the competent authority) is granted by the competent authority, by furnishing details of the changes, if any, in the carpet area. The total price payable for the carpet area shall be recalculated upon confirmation by the VENDOR/DEVELOPER/LANDOWNER No. 2
The VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 agrees to pay all outgoings before transferring the physical possession of the apartment to the Allottees/Purchasers, which it has collected from the Allottees/Purchasers, 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 VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 fails to pay all or any of the outgoings collected by it from the Allottees/Purchasers or any liability, mortgage loan and interest thereon before transferring the apartment to the Allottees/Purchasers, the VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 agrees to be liable, even after the transfer of the property, 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 therefore by such authority or person.
The VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 accepts no responsibility in regards to matters specified in Para 3.1 above. The Allottee/Purchaser shall keep the VENDOR/DEVELOPER/LANDOWNER No. 2/ PROMOTER No. 2 fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee/Purchaser subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee/Purchaser to intimate the same in writing to the VENDOR/DEVELOPER/LANDOWNER No. 2/ PROMOTER No. 2 immediately and comply with necessary formalities if any under the applicable laws. The VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 shall not be responsible towards any third party making payment/remittances on behalf of any Allottee/Purchaser and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 shall be issuing the payment receipts in favour of the Allottee/Purchaser only.
The VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 may, at its sole option and discretion, without prejudice to its rights as set out in this Agreement, waive the breach by the Allottee/Purchaser in not making payments as per the Payment Plan [Schedule ‘C’] including waiving the payment of interest for delayed payment. It is made clear and so agreed by the Allottee/Purchaser that exercise of discretion by the VENDOR/DEVELOPER/LANDOWNER No. 2/ PROMOTER No. 2 in the case of one Allottee/Purchaser shall not be construed to be a precedent and/or binding on the VENDOR/DEVELOPER/LANDOWNER No. 2/ PROMOTER No. 2 to exercise such discretion in the case of other Allottees/ Purchasers.
The VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 herein purchased all that piece and parcel of land admeasuring about 25.25
The VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 herein by virtue of the aforementioned deeds, purchased all that piece and parcel of land admeasuring about 43.7
The VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2; after purchasing the aforesaid lands; had mutated it’s name with the concerned BL & LRO and was assigned L.R.
