Extras & Deposits. Extras: In addition to the Total Price, the Allottee shall also pay to the Developer, as and when demanded by the Developer (time being the essence of the contract), by negotiable instruments payable at Kolkata favouring the Developer, the following amounts (collectively Extras), towards: a) Proportionately: Proportionate share towards providing the special amenities/facilities in the Common Portions (save and except those described in the Schedule below) and improved specifications of construction of the Said Apartment and/or the Said Complex over and above the specifications described in the Schedule below (Specifications). b) Wholly: Wholly the costs, expenses and charges towards: (i) Taxes: Works Contract Tax, Sales Tax, Goods and Service Tax, or any other statutory tax, duty, cess, levy or charge, betterment fee, development charges and any other imposition levied by the State Government, Central Government or any other authority or body on the Owner and/or the Developer or any of them, from time to time, proportionately, if levied as a whole on the Said Complex and wholly, if levied specifically on the Said Apartment. In case of cancellation of this Agreement by the Owner and the Developer for the reasons mentioned in clause above, the amount of Taxes (except GST), if any paid by the Allottee, shall stand forfeited and the amount of GST shall be refunded after the Owner and/or the Developer receive the refund thereof from the authority concerned. (ii) Electricity: Costs, expenses, deposits and charges for providing electricity meter for the Said Apartment payable within 15 days of demand thereof by the electricity supplying authority failing which meter and electricity connection shall not be provided to the Said Apartment by the Developer. (iii) Advance Maintenance Charge (Other): Interest free advance, for proportionate share (Maintenance Charge) of the common expenses described in the Schedule below (Common Expenses) @ Rs.
Appears in 2 contracts
Sources: Sale Agreement, Sale Agreement
Extras & Deposits. Extras: In addition to the Total Price, the Allottee shall also pay to the Developer, as and when demanded by the Developer (time being the essence of the contract), by negotiable instruments payable at Kolkata favouring the Developer, the following amounts (collectively Extras), towards:
a) Proportionately: Proportionate share towards providing the special amenities/amenities / facilities in the Common Portions (save and except those described in the Schedule below) and improved specifications of construction of the Said Apartment and/or the Said Complex over and above the specifications described in the Schedule below (Specifications).
b) Wholly: Wholly the costs, expenses and charges towards:
(i) Taxes: Works Contract Tax, Sales Tax, Goods and Service Tax, or any other statutory tax, duty, cess, levy or charge, betterment fee, development charges and any other imposition levied by the State Government, Central Government or any other authority or body on the Owner and/or the Developer or any of them, from time to time, proportionately, if levied as a whole on the Said Complex and wholly, if levied specifically on the Said Apartment. In case of cancellation of this Agreement by the Owner and the Developer for the reasons mentioned in clause above, the amount of Taxes (except GST), if any paid by the Allottee, shall stand forfeited and the amount of GST shall be refunded after the Owner and/or the Developer receive the refund thereof from the authority concerned.
(ii) Electricity: Costs, expenses, deposits and charges for providing electricity meter for the Said Apartment payable within 15 days of demand thereof by the electricity supplying authority failing which meter and electricity connection shall not be provided to the Said Apartment by the Developer.
(iii) Advance Maintenance Charge (Other): Charge: Interest free advance, for proportionate share (Maintenance Charge) of the common expenses described in the Schedule below (Common Expenses) @ RsRs.4.80p (Rupees four and paise eighty only) plus GST per square feet per month on built-up area of the Said Apartment, for a period of 12 (twelve) months, from the Date Of Possession Notice (Advance Maintenance Charge). The Advance Maintenance Charge shall (1) be fully adjusted by the Developer against the Common Expenses for the said limited period of 12 (twelve) months only (2) be a fixed payment after payment of which the Allottee shall have no further obligation to pay any other amount towards Maintenance Charge for the said period of 12 (twelve) months save and except the running and operational expenses including the cost of diesel for the generator/s which shall be charged proportionately and separately at actual by the Developer (3) be fully appropriated by the Developer without obligation of any accounting and (4) be handed over by the Developer to the body of flat owners of the Said Complex, which may be a syndicate, committee, facility manager, body corporate, company or association under the West Bengal Apartment Ownership Act, 1972 (Association), if the Association becomes operational before expiry of the said period of 12 (twelve) months provided however the Developer shall handover only the proportionate balance amount remaining of the Advance Maintenance Charge. It is clarified that (1) the Said Complex may be maintained through a Facility Manager, in which event all payments (other than Advance Maintenance Charge) shall be made by the Allottee to the Facility Manager, after the said period of 12 (twelve) months or earlier if the Association is formed, and (2) the supervision of maintenance of the Said Complex shall be handed over by the Developer to the Association, at the earliest, for enabling the Association to deal directly with such Facility Manager.
Appears in 1 contract
Sources: Sale Agreement