Common use of MAINTENANCE OF THE PROJECT Clause in Contracts

MAINTENANCE OF THE PROJECT. 11.1 The Developer and/or its nominees shall look after the maintenance and upkeep of the common areas and facilities within the periphery of the Project until these are handed over to any the Maintenance Society or any other authority/ local body, as per the Act or any other applicable laws. The Buyer shall sign a separate Maintenance Agreement with the Developer or its nominee Maintenance Agency incorporating inter-alia the said terms, at the time of taking over possession of the Flat and agrees to get it registered at his cost, if it may be so required. 11.2 The Buyer shall deposit with the Developer a sum @ Rs. 100/- per sq. yard of the area of the Plot by way of interest free security deposit to ensure timely payment of maintenance charges by him. The amount will be payable by the buyer at the time of talking of the possession or execution of sale deed of the Plot, whichever is earlier. Besides, the buyer shall also make propionate contributions to the Replacement/Sinking Fund as may be prescribed by the Developer/ Promoter and/or its nominee maintaince agency to be utilized for replacement/ major repairs of infrastructural facilities, roads, drains, water supply, sewer disposal system, electrical or other installations etc 11.3 The Buyer shall be liable to pay charges, whenever applicable, as under: i. Changes towards Malba clearing of area post construction @Rs.25 per sq.yrd(Rs.29.9 per ▇▇.▇▇▇) of the Plot area; ii. Interest free security deposit @Rs.100 per sq.yrd (Rs.119.6 per ▇▇.▇▇▇) of the plot area towards repair charges of roads for damages, if anty, caused to the roads on account of construction on the Plot. It shall be refundable in case of no damage. 11.4 Once the Occupancy Certificate / completion certificate is received, the Allottee shall b pay to the Promoter/the Maintenance Agency nominated by the Promoter/the association of allottees such monthly charges (hereinafter referred to as “Maintenance Charges”) as per a separate maintenance agreement to be entered into between the Allottee and the Promoter/the Maintenance Agency nominated by the Promoter/association of allottees for maintaining various services/facilities/ common areas/ etc. in the Project including expenses incurred for making arrangements for sanitation, street light, security, water supply and its distribution systems.

MAINTENANCE OF THE PROJECT. 11.1 The Developer and/or its nominees shall look after the maintenance and upkeep of the common areas and facilities within the periphery of the Project until these are handed over to any the Maintenance Society or any other authority/ local body, as per the Act or any other applicable laws. The Buyer shall sign a separate Maintenance Agreement with the Developer or its nominee Maintenance Agency incorporating inter-alia the said terms, at the time of taking over possession of the Flat Plot and agrees to get it registered at his cost, if it may be so required. 11.2 The Buyer shall deposit with the Developer a sum @ Rs. 100/- /- per sq. yard of the area of the Plot by way of interest free security deposit to ensure timely payment of maintenance charges by him. The amount will be payable by the buyer at the time of talking of the possession or execution of sale deed of the Plot, whichever is earlier. Besides, the buyer shall also make propionate contributions to the Replacement/Sinking Fund as may be prescribed by the Developer/ Promoter and/or its nominee maintaince maintenance agency to be utilized for replacement/ major repairs of infrastructural facilities, roads, drains, water supply, sewer disposal system, electrical or other installations etc 11.3 The Buyer shall be liable to pay charges, whenever applicable, as under: i. Changes towards Malba clearing of area post construction @Rs.25 per sq.yrd(Rs.29.9 per ▇▇.▇▇▇) of the Plot area; ii. Interest free security deposit @Rs.100 per sq.yrd (Rs.119.6 per ▇▇.▇▇▇) of the plot area towards repair charges of roads for damages, if antyany, caused to the roads on account of construction on the Plot. It shall be refundable in case of no damage. 11.4 Once the Part Occupancy Certificate/Occupancy Certificate / completion certificate part Completion Certificate /Completion Certificate is received, the Allottee shall b pay to the Promoter/the Maintenance Agency nominated by the Promoter/the association of allottees such monthly charges (hereinafter referred to as “Maintenance Charges”) as per a separate maintenance agreement to be entered into between the Allottee and the Promoter/the Maintenance Agency nominated by the Promoter/association of allottees for maintaining various services/facilities/ common areas/ etc. in the Project including expenses incurred for making arrangements for sanitation, street light, security, water supply and its distribution systems.