Allottee definition

Allottee means a successful Bidder to whom the Equity Shares are Allotted.
Allottee means one or more Allottees named above and include:-
Allottee. , in relation to an apartment, means the person to whom such apartment has been allotted, sold or otherwise transferred by the promoter;

Examples of Allottee in a sentence

  • The Promoter shall compensate the Allottee in case of any loss caused to him due to defective title of the land, on which the project is being developed or has been developed, in the manner as provided under the Act and the claim for compensation under this section shall not be barred by limitation provided under any law for the time being in force.

  • The Allottee shall be responsible for any loss or damages arising out of breach of any of the aforesaid conditions.

  • Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws.

  • The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

  • The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act and Rules and Regulations made thereunder or any statutory amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc.


More Definitions of Allottee

Allottee means the Applicant(s) who has agreed to abide by these Standard Terms & Conditions and has been provisionally allotted the Said Premises by the Company at Jaypee Greens Sports City, East. The term “Allottee" shall, unless it be repugnant to the context or meaning thereof, be construed to mean and include his/their representatives, successors, executors and permitted assigns;
Allottee means the Applicant(s) who has/ have applied for Provisional Allotment of a unit and have agreed to abide by these Standard Terms & Conditions and has been provisionally allotted the Said Premises by the Company at Jaypee Greens. The term “Allottee” shall, unless it be repugnant to the context or meaning thereof, be construed to mean and include his/their representatives, successors, executors and permitted assigns;
Allottee shall hereinafter, collectively, be referred to as the “Parties” and individually as a “Party”)
Allottee means a person to whom an Allotment Letter has been issued by way of a method of conveyance as approved and/ or permitted by the Authority.
Allottee shall hereinafter, collectively, be referred to as the “Parties” and individually as a “Party” DEFINITIONS: For the purpose of this Agreement for Sale, unless the context otherwise requires-
Allottee in relation to a real estate project, means the person to whom a plot, apartment or building, as the case may be, has been allotted, sold (whether as freehold or leasehold) or otherwise transferred by the promoter, and includes the person who subsequently acquires the said allotment through sale, transfer or otherwise but does not include a person to whom such plot, apartment or building, as the case may be, is given on rent;
Allottee means persons who acquire apartments in the said Land;