Common use of Development Milestone Clause in Contracts

Development Milestone. The development milestone has been made in a way to ensure completion of development of Marriage Lawn within Three years of date of issue of NoA. i. The Developer shall secure all the required approvals permissions, NOC from the competent authority within six months from the date of issue of NoA ii. The Developer shall complete minimum 50% of the construction of built-up area and development of Marriage Lawn in all respect within One and a half year from the date of issue of NoA iii. The Developer shall complete construction work and development of Marriage lawn in all respect within Three years from the date of issue of NoA