Examples of Project Land in a sentence
That until the takeover of the Common Areas and Facilities on the Project Land by the Association of Allottees in accordance with the Act, the Promoter shall maintain the Common Areas and Facilities on the Project at reasonable charges.
The Promoter has taken construction finance for construction of the Project from by mortgaging the Project Land and the constructions thereat Provided However That any such mortgage, if it relates to the Designated Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed by the Promoter in favour of the Allottee in terms hereof.
In addition the Promoter may acquire contracts for development and/or transfer in respect of further or other lands adjacent or adjoining or connected directly or indirectly to the Project Land (“Future Phase Lands”).
The particulars of the documents whereby the Owners became the owners of the Project Land and other facts of devolution of title in respect of the Project Land is mentioned in Part-VII of Schedule A hereto.
The basement(s) and service areas if any located within the Project Land may be ear-marked for purposes such as parking spaces and services including but not limited to STP, transformer, DG set, underground water tanks, Pump rooms, firefighting pumps and equipments etc.