Common use of Construction and Development Clause in Contracts

Construction and Development. 1. The Company shall, subject to the terms hereof, construct the Building in accordance with the Approvals andor, plans and amendments thereto as approved by the relevant Authorities. 2. The Purchaser is aware that while the Company has obtained some of the Approvals, certain other Approvals (or amendments to current Approvals) may be received from time to time. Having regard to the above position, the Purchaser has entered into this Agreement without any objection or demur and agrees not to raise and waives his right to raise any objection, in that regard. 3. The Parties agree that while the Company may make amendments to the plans or layouts of the Building and the Project as required for the execution of the Project or as may be directed by the competent Authorities. This may include any change wherein the Company, if permitted by the relevant Authorities, transferring the construction permissible on the Larger Property to any other property or transferring to the Larger Property the construction permissible on any other property at any time prior to conveyance of the Larger Property to the Federation/Ultimate Organisation. The Purchaser gives his consent for such changes provided such changes shall not result in change in location of the Unit (with respect to its direction on a given floor), lowering of the Unit (with respect to its height above ground) or reduction in the Net Area more than 3 per cent of the Net Area. In case a change is proposed which adversely impact any of the aforesaid factors, separate written consent shall be obtained from the Purchaser. 4. The Purchaser is aware and agrees that the Company shall allow various balcony/verandah/ open terraces (including the one located at the top of the Building) to be used, partly or wholly, by one (or more) unit purchaser(s) in the Building and such unit purchaser(s) shall have exclusive right to use the said areas as per the terms of the arrangement between the Company and the said unit purchaser(s). The Purchaser agrees not to raise any objection or make any claims in that regard and the claims in that regard shall be deemed to have been waived. In terms of the above, the Company shall be at absolute liberty to allot/assign the said right to such person/s in the manner as the Company may deem fit and proper.

Construction and Development. 15.1. The Company Promoters shall, subject to the terms hereof, construct the Building in accordance with the Approvals andorand or, plans and amendments thereto as approved by the relevant Authorities. 25.2. The Purchaser is aware that while the Company Promoters has obtained some of the Approvals, certain other Approvals (or amendments to current Approvals) may be received from time to time. Having regard to the above position, the Purchaser has entered into this Agreement without any objection or demur and agrees not to raise and waives his right to raise any objection, in that regard. 35.3. The Parties agree that while the Company Promoters may make amendments to the plans or layouts of the Building and the Project as required for the execution of the Project or as may be directed by the competent Authorities. This may include any change wherein the CompanyPromoters, if permitted by the relevant Authorities, transferring the construction permissible on the Larger Property to any other property or transferring to the Larger Property the construction permissible on any other property at any time prior to conveyance of the Larger Property to the Federation/Federation / Ultimate Organisation. The Purchaser gives his consent for such changes provided such changes shall not result in change in location of the Unit Multiplated Dwelling House (with respect to its direction on a given floor), lowering of the Unit Multiplated Dwelling House (with respect to its height above ground) or reduction in the Net Carpet Area more than 3 7 per cent of the Net Carpet Area. In case a change is proposed which adversely impact any of the aforesaid factors, separate written consent shall be obtained from the Purchaser. 45.4. The Purchaser is aware and agrees that the Company Promoters shall allow various balcony/verandah/ balcony / verandah / open terraces (including the one located at the top of the Building) to be used, partly or wholly, by one (or more) unit Multiplated Dwelling House purchaser(s) in the Building and such unit Multiplated Dwelling House purchaser(s) shall have exclusive right to use the said areas as per the terms of the arrangement between the Company Promoters and the said unit Multiplated Dwelling House purchaser(s). The Purchaser agrees not to raise any objection or make any claims in that regard and the claims in that regard shall be deemed to have been waived. In terms of the above, the Company Promoters shall be at absolute liberty to allot/allot / assign the said right to such person/s in the manner as the Company Promoters may deem fit and proper.