Cancellation by Allottees. The Allottees shall have the right to cancel/withdraw his/ her/ its allotment in the Project as provided in the Act. Provided that, where the Allottees proposes to cancel/withdraw from the Project without any fault of the Developer, the Developer herein shall be entitled to forfeit the Booking Amount paid for the allotment, along with the interest liabilities, and together with deduction of such other tax/levy as may be applicable at the time of such withdrawal by the Allottees. The balance amount of money paid by the Allottees shall be returned by the Developer to the Allottees within 45 (forty five) days of such cancellation. Such refund shall be made without any interest or compensation and all charges and expenses that may be incurred by the Developer in making such refund shall be borne by the Allottees. Upon withdrawal or cancellation of allotment by the Allottees under this Agreement, the Developer shall have the right to re-allot the Apartment to any third party thereafter and the prior allotment in favour of the Allottees will stand cancelled. All rights of the Allottees under any allotment letter issued or this Agreement shall also stand terminated.
Cancellation by Allottees. The Allottee’s shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee’s proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount paid for the allotment/10% (ten percent) of the total cost of the unit whichever is higher. The balance amount of money paid by the Allottees shall be returned by the promoter to the Allottees within 45 days 06 months of such cancellation, on rebooking of the same unit and receipt of payment from the new allottee of equal amount whichever is earlier.
Cancellation by Allottees. TheALLOTTEES shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the ALLOTTEES proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the ALLOTTEES shall be refunded by the promoter to the ALLOTTEES within 45 days of such cancellation without any interest and compensation.
Cancellation by Allottees. The ALLOTTEES shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the ALLOTTEES proposes to cancel/withdraw from the project after the issuance of Allotment Letter and before signing agreement without any fault of the promoter, the promoter is herein entitled to deduct Rs 1,00,000/- (Rupees One Lakh Only) from the amount paid by the allottee till the time of such cancellation. Further, if the allottee proposes to cancel/ withdraw from the project after signing the agreement and before registration of conveyance deed without any fault of the promoter, the promoter is herein entitled to forfeit the booking amount that is 10% (Ten percent) of the property cost along with pending interest payable by the allottee Taxes/ GST once paid cannot be refunded. Under both the situation, the promoter shall deduct the above mentioned charges as the case may be from the amount paid by the allottees and shall refund the remaining amount to the allottees within 45 days of such cancellation.
Cancellation by Allottees. The Allottees shall have the right to cancel/ withdraw his allotment in the Project as provided in the Act: Provided that where the Allottees proposes to cancel/withdraw from the Project without any fault of the Owners/Promoters, the Owners/Promoters herein is entitled to forfeit the entirety of the allotment amount paid (10%) for the allotment. Upon registration of the deed of cancellation in respect of the Said Apartment and Appurtenances and upon retransfer of the Said Apartment and Appurtenances i.e. upon the Owners/Promoters subsequently selling and transferring the Said Apartment and Appurtenances to another Allottees and receipt of the Total price thereon, the Owners/Promoters shall after adjusting the cancellation amount, refund to the Allottees, the balance amount, if any of the paid-up Total Price and after also deducting interest on any overdue payments, brokerage/referral fees, administrative charges as determined by the Owners/Promoters and exclusive of any indirect taxes, stamp duty and registration charges. The Allottees shall, at his own costs and expenses, execute all necessary cancellation related documents required by the Owners/Promoters.
Cancellation by Allottees. The Allottees shall have the right to cancel/ withdraw his allotment in the Project as provided in the Act: Provided that where the Allottees propose to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein is entitled to forfeit the entirety of the booking amount paid for the allotment. Upon registration of the deed of cancellation in respect of the Said Apartment and Appurtenances and upon retransfer of the Said Apartment and Appurtenances i.e. upon the Promoter subsequently selling and transferring the Said Apartment and Appurtenances to another Allottees and receipt of the Total price thereon, the Promoter shall after adjusting the booking amount, refund to the Allottees, the balance amount, if any of the paid-up Total Price and after also deducting interest on any overdue payments, brokerage/referral fees, administrative charges as determined by the Promoter and exclusive of any indirect taxes, stamp duty and registration charges. Further in case of a falling market the amount refundable will be further reduced by the extent of the difference in amount receivable on a fresh transfer of the Apartment to another Allottees and the transfer price of the Allottees, if the current total price is less than the transfer price. The Allottees shall, at his own costs and expenses, execute all necessary cancellation related documents required by the Promoter. Upon the termination of this Agreement, the Allottees shall have no claim of any nature whatsoever on the Promoter and/or the Said Apartment And Appurtenances and the Promoter shall be entitled to deal with and/or dispose off the Said Apartment And Appurtenances in the manner it deems fit and proper.
Cancellation by Allottees. The Allottee shall have the right to cancel/withdraw his/her allotment in the Project as provided in the Act: Provided that where the Allottee proposes to cancel/wit hdraw from the project without any fault of the Promoter/Developer, the Promoter/Developer herein is entitled to forfeit the 10% of the total consideration of the said unit i.e., amounting to Rs. /- (Rupees ………………….) only and also GST (as applicable) accrued thereupon. The balance amount of money paid by the allottees shall be returned by the Promoter/Developer to the allottee within 45 days of such cancellation.
Cancellation by Allottees. The Allottees shall have the right to cancel/withdraw his allotment in the Project as provided in the Act. Provided that where the Allottees proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Allottees shall be returned by the Promoter to the Allottees within 45 (Forty-Five) days of such cancellation.
Cancellation by Allottees. The Allottees shall have the right to cancel/ withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days of such cancellation. Upon the termination of this Agreement, the Allottees shall have no claim of any nature whatsoever on the Promoter and/or the Said Apartment And Appurtenances and the Promoter shall be entitled to deal with and/or dispose off the Said Apartment And Appurtenances in the manner it deems fit and proper.
Cancellation by Allottees. (i) The Allottees shall have the right to cancel/ withdraw their allotment in the Project as provided in the Act: Provided that subject to clause 7.5(ii) below, where the Allottees proposes to cancel/withdraw from the project without any fault of the Promoter, the Allottees shall serve a 12 (twelve) months’ notice in writing on the Promoter and on the expiry of the said period the allotment shall stand cancelled and the Promoter herein shall be entitled to forfeit an amount equal to the Cancellation Charges and the applicable GST payable on such Cancellation Charges. The balance amount of money paid by the Allottees shall, subject to clause 7.5(iii) below, be returned by the Promoter to the Allottees within 45 (forty-five) days of such cancellation or on transfer of the Said Apartment to any other Apartment Acquirer, whichever is earlier. However may it be clarified that the balance amount shall be payable subject to the execution of the Deed of Cancellation.
