POSSESSION OF SAID APARTMENT. 7.1 Schedule for possession of the Unit – The Promoter agrees and understands that timely delivery of possession of the Unit to the Allottee(s) and the Common Areas and Facilities of the Said Project to the Owners Association, is the essence of the Agreement. The Promoter assures to handover possession of the Unit along with ready and complete Common Areas and Facilities of the Said Project with all specifications, amenities and facilities of the Said Project in place on or before March, 2018 including six months grace period, 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 Said Project (“Force Majeure”). If, however, the completion of Said Project is delayed due to the Force Majeure conditions then the Allottee(s) agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Unit and the Promoter shall not be liable to pay any penalty/interest/compensation during such Force Majeure condition, provided that such Force Majeure conditions are not of a nature which makes 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 Said Project due to Force Majeure conditions, which shall be assessed by the Promoter, the Promoter shall inform the Allottee(s) about such impossibility along with notice of termination of one month and upon termination of this allotment, the Promoter shall refund to the Allottee(s) the entire amount (less taxes) received by the Promoter from the Allottee(s) with Interest within forty-five days from the date on which termination became effective subject to availability of funds in the designated Project Account and receipt of insurance of claim , if any. Further refund of taxes paid by Allottee shall be done only after reimbursement of such amount from the statutory body. After refund of the money paid by the Allottee(s), the Allottee(s) agrees 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 SAID APARTMENT. Upon construction, finishing and making the Said Apartment habitable, the Developer shall hand over possession of the same to the Buyers. With regard to possession, it is clarified as follows:
POSSESSION OF SAID APARTMENT. 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(s) and the common areas to the Maintenance Society 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 specifications, amenities and facilities of the Project in place on or before 31.01.2027 including a grace period of six months, 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 the Said Project is delayed due to the Force Majeure conditions then the Allottee(s) agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Unit and the Promoter shall not be liable to pay any penalty/interest/compensation during such Force Majeure condition, provided that such Force Majeure conditions are not of a nature which makes it impossible for the contract to be implemented.
POSSESSION OF SAID APARTMENT. Upon construction of the Said Apartment as per the Sanctioned Plan, the Vendor/Developer shall handover possession of the same to the Allottee. With regard to possession, it is clarified as follows:
POSSESSION OF SAID APARTMENT. 10.1 Schedule for possession of the said Unit – The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee is the essence of the Agreement. The Promoter assures to handover possession of the said Unit with all specifications, amenities and facilities of the Said Project in place on or before January 2024 including six months grace period as shown in Schedule F. Further provided that the Promoter shall be entitled to reasonable extension of time for giving delivery of Unit on the aforesaid date, if the completion of building in which the Unit is to be situated is delayed on account of Force Majeure which includes –
POSSESSION OF SAID APARTMENT
