Common use of POSSESSION OF THE FLAT Clause in Contracts

POSSESSION OF THE FLAT. 7.1 Schedule for possession of the said Flat: The Promoter agrees and understands that timely delivery of possession of the Flat is the essence of the Agreement. The Promoter, based on the approved plans and specifications, assures to hand over possession of the Flat on or before 31.05.2027, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Purchaser agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Flat, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Purchaser agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Purchaser the entire amount received by the Promoter from the allotment within 45 days from that date. After refund of the money paid by the Purchaser, ▇▇▇▇▇▇▇▇▇ agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE FLAT. 7.1 Schedule for possession of the said Flat: The Promoter Developer agrees and understands that timely delivery of possession of the Flat is the essence of the Agreement. The PromoterDeveloper, based on the approved plans and specifications, assures to hand over possession of the Flat on or before 31.05.2027, 28.03.2026 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Purchaser Purchasers agrees that the Promoter Developer shall be entitled to the extension of time for delivery of possession of the Flat, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Purchaser Purchasers agrees and confirms that, in the event it becomes impossible for the Promoter Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Purchaser Purchasers the entire amount received by the Promoter Developer from the allotment within 45 days from that date. After refund of the money paid by the PurchaserPurchasers, ▇▇▇▇▇▇▇▇▇ Purchasers agrees that he/ she shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE FLAT. 7.1 Schedule for possession of the said Flat: The Promoter Developer agrees and understands that timely delivery of possession of the Flat Schedule B Property is the essence of the Agreement. The PromoterDeveloper, based on the approved plans and specifications, assures to hand over possession of the Flat Schedule B Property on or before 31.05.2027, 31/12/2025 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("“Force Majeure"”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Purchaser agrees that the Promoter Developer shall be entitled to the extension of time for delivery of possession of the FlatSchedule B Property, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Purchaser agrees and confirms that, in the event it becomes impossible for the Promoter Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Purchaser the entire amount received by the Promoter Developer from the allotment within 45 days from that date. After refund of the money paid by the Purchaser, ▇▇▇▇▇▇▇▇▇ agrees that he/ she she/they/it shall not have any rights, claims etc. against the Promoter Vendor/Developer and that the Promoter Vendor/ Developer shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE FLAT. 7.1 Schedule for possession of the said Flat: The Promoter Developer agrees and understands that timely delivery of possession of the Flat is the essence of the Agreement. The PromoterDeveloper, based on the approved plans and specifications, assures to hand over possession of the Flat on or before 31.05.2027, 31.07.2027 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Purchaser Purchasers agrees that the Promoter Developer shall be entitled to the extension of time for delivery of possession of the Flat, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Purchaser Purchasers agrees and confirms that, in the event it becomes impossible for the Promoter Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Purchaser Purchasers the entire amount received by the Promoter Developer from the allotment within 45 days from that date. After refund of the money paid by the PurchaserPurchasers, ▇▇▇▇▇▇▇▇▇ Purchasers agrees that he/ she shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE FLAT. 7.1 Schedule for possession of the said Flat: The Promoter Developer agrees and understands that timely delivery of possession of the Flat is the essence of the Agreement. The PromoterDeveloper, based on the approved plans and specifications, assures to hand over possession of the Flat on or before 31.05.2027, 24.05.2028 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Purchaser Purchasers agrees that the Promoter Developer shall be entitled to the extension of time for delivery of possession of the Flat, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Purchaser Purchasers agrees and confirms that, in the event it becomes impossible for the Promoter Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter Developer shall refund to the Purchaser Purchasers the entire amount received by the Promoter Developer from the allotment within 45 days from that date. After refund of the money paid by the PurchaserPurchasers, ▇▇▇▇▇▇▇▇▇ Purchasers agrees that he/ she shall not have any rights, claims etc. against the Promoter Developer and that the Promoter Developer shall be released and discharged from all its obligations and liabilities under this Agreement. Purchasers in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the Developer. The Purchasers agree(s) to pay the maintenance charges as determined by the Developer/association of Purchasers, as the case may be. The Developer on its behalf shall offer the possession to the Purchasers in writing within 30 days of receiving the completion certificate of the Project.