Common use of POSSESSION OF THE UNIT Clause in Contracts

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. 7.1 Schedule for possession of the said [UNIT] – Unit - The Promoter agrees and understands that timely delivery of possession of the [Unit] Unit to the Allottee allottee and the common areas to the Association association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to handover hand over possession of the [Unit] Unit along with ready and complete common areas with all specifications, amenities and facilities of the Project project in place on from date of registered agreement, unless there is delay or failure due to war, flood, drought, fire, cyclone cyclone, earthquake or any other calamity caused by nature effecting 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 Unit, provided that such Force Majeure conditions are not of a nature nature, which make it impossible for the contract to be implemented. The Allottee(s) 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(s) Allottee the entire amount received by the Promoter from the Allotment allotment within 45 60 days from that date. The Promoter promoter shall intimate the Allottee allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agreed 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] Unit– The Promoter Developer agrees and understands that timely delivery of possession of the [Unit] Unit to the Allottee Allottee/s and the common areas to the Association association of allottees Allottee/s or the competent authority, as the case may be, is the essence of the Agreement. The Promoter Developer assures to handover hand over possession of the [Unit] Unit along with ready and complete common areas with all specifications, amenities and facilities of the Project in place on 31st December, 2023 unless there is delay or failure due to war, flood, drought, fire, cyclone cyclone, earthquake or any other calamity caused by nature effecting 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 condition then the Allottee Allottee/s agrees that the Promoter Developer shall be entitled to the extension of time for delivery of possession of the [UNIT]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) Allottee/s agrees and confirms that, in the event it becomes impossible for the Promoter Developer to implement the project Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Allottee(s) Allottee/s the entire amount received by the Promoter Developer from the Allotment allotment within 45 (forty five) days from that date. The Promoter Developer shall intimate the Allottee Allottee/s about such termination at least thirty 30(thirty) days prior to such termination. After refund of the money paid by the Allottee/s, the Allottee agreed Allottee/s agrees that he/ he/she shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer 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] – Unit: The Promoter agrees and understands that timely delivery of possession of the [Unit] Unit to the Allottee and the common areas to the Association association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter Promoter, assures to handover hand over possession of the [Unit] Unit along with ready and complete common areas with all specifications, amenities and facilities of the Project project in place on , unless there is delay or failure due to war, flood, drought, fire, cyclone cyclone, earthquake or any other calamity caused by nature effecting 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 (as defined in the Act) then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the [UNIT]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) 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(s) Allottee the entire amount received by the Promoter from the Allotment allotment within 45 days from that date. The Promoter 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 agrees that he/ 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] – Unit: The Promoter agrees and understands that timely delivery of possession of the [Unit] Unit to the Allottee and the common areas Segmental Common Portions to the Association association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter Promoter, assures to handover hand over possession of the [Unit] Unit along with ready and complete common areas Segmental Common Portions with all specifications, amenities and facilities of the Project project in place on unless there is delay or failure due to pandemic, war, flood, drought, fire, cyclone cyclone, earthquake or any other calamity caused by nature effecting 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 (as defined in the Act) then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the [UNIT]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) 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(s) Allottee the entire amount received by the Promoter from the Allotment allotment within 45 days from that date. The Promoter 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 agrees that he/ 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] Unit– The Promoter Developer agrees and understands that timely delivery of possession of the [Unit] Unit to the Allottee Allottee/s and the common areas to the Association association of allottees Allottee/s or the competent authority, as the case may be, is the essence of the Agreement. The Promoter Developer assures to handover hand over possession of the [Unit] Unit along with ready and complete common areas with all specifications, amenities and facilities of the Project project in place on 31st December, 2023 unless there is delay or failure due to war, flood, drought, fire, cyclone cyclone, earthquake or any other calamity caused by nature effecting affecting the regular development of the real estate project Project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions condition then the Allottee Allottee/s agrees that the Promoter Developer shall be entitled to the extension of time for delivery of possession of the [UNIT]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) Allottee/s agrees and confirms that, in the event it becomes impossible for the Promoter Developer to implement the project Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Allottee(s) Allottee/s the entire amount received by the Promoter Developer from the Allotment allotment within 45 (forty five) days from that date. The Promoter Developer shall intimate the Allottee Allottee/s about such termination at least thirty 30(thirty) days prior to such termination. After refund of the money paid by the Allottee/s, the Allottee agreed Allottee/s agrees that he/ he/she shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer 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] – Unit: The Promoter agrees and understands that timely delivery of possession of the [Unit] Unit to the Allottee and the common areas to the Association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter Promoter, based on approved plans and specifications, assures to handover hand over possession of the [Unit] Unit along with ready and complete common areas with all specifications, amenities and facilities of the Project in place on within 31st March, 2027, unless there is delay or failure due to war, flood, drought, fire, cyclone cyclone, earthquake or any other calamity caused by nature effecting 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 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) Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee(s) Allottee the entire amount received by the Promoter from the Allotment 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 agrees that he/ 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] – Unit - The Promoter agrees and understands that timely delivery of possession of the [Unit] Unit to the Allottee and the common areas to the Association of allottees or the competent authorityallottees, as the case may be, if any is the essence of the Agreement. The Promoter assures to handover hand over possession of the [Unit] Unit along with ready and complete common areas with all specifications, amenities and facilities of the Project project in place on or before 30th June 2026, unless there is delay or failure due to war, flood, drought, fire, cyclone earthquake cyclone, earthquake, pandemic, epidemic or any other calamity caused by nature effecting 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]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) 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(s) Allottee the entire amount received by the Promoter from the Allotment allotment within 45 days from that date. The Promoter shall intimate the Allottee allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agreed 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.