Common use of POSSESSION OF THE UNIT Clause in Contracts

POSSESSION OF THE UNIT. The Promoter herein shall complete the construction of the said unit in all respects on or before and obtain the occupancy certificate. The Promoter shall offer the possession to the Allottee/s in writing within 7 days of receiving the occupancy certificate of the project. The Allottee/s shall take possession of the unit within 15 days of the written notice from the Promoter to the Allottee/s intimating the said unit is ready for use and occupancy. On receipt of such notice the Allottee/s herein shall inspect the said unit in all respects and get satisfied according to the terms and conditions of this agreement. After ▇▇▇▇▇▇▇▇/s has/have satisfied himself/ herself/ themselves as aforesaid, at his/ her/their request the Promoter herein shall give the possession of the said unit to the Allottee/s on payment of all dues payable by the Allottee/s, and the Allottee/s herein has/have not committed any default in payment of consideration in installment on due date to the Promoter in pursuance of these presents. If the Promoter fails or neglects to give possession of the said unit to the Allottee/s on account of reasons beyond his control, by the aforesaid date, then the Promoter shall be liable on demand to refund to the unit Allottee/s the amounts already received by him in respect of the unit with interest at the same rate as mentioned in clause-10 hereinabove from the date the Promoter received the sum till the date the amounts and interest thereon is repaid. Provided that the Promoter herein shall be entitled to reasonable extension of time for completing the construction of the said unit in all respects on the aforesaid date, if the completion of the construction of the building in which the unit is situated is delayed on account of--

POSSESSION OF THE UNIT. The Promoter herein shall complete the construction 8.1 Schedule for possession of the said unit Unit - The Promoter agrees and understands that timely delivery of possession of the Unit to the Purchaser and the common areas to the Association is the essence of the Agreement. The Promoter on receipt of total consideration and other payments as specified in Sixth & Seventh Schedule, assures to hand over possession of the Unit along with ready and complete common areas with all respects specifications, amenities and facilities of the project in place on or before 31st December, 2019 unless there is delay or other calamity caused by nature affecting the regular development of real estate project (“Force 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 obtain confirms that, in the occupancy certificateevent it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter and Owner shall refund to the Purchaser the entire amount received by the Promoter and Owner respectively within 45 days from the date of termination. The Promoter shall offer intimate the possession Purchaser about such termination at least thirty days prior to the Allottee/s in writing within 7 days of receiving the occupancy certificate such termination. After refund of the projectmoney paid by the Purchaser, the Purchaser agrees that he/she shall not have any rights, claims etc. The Allottee/s shall take possession of the unit within 15 days of the written notice from against the Promoter to the Allottee/s intimating the said unit is ready for use and occupancy. On receipt of such notice the Allottee/s herein shall inspect the said unit in all respects and get satisfied according to the terms and conditions of this agreement. After ▇▇▇▇▇▇▇▇/s has/have satisfied himself/ herself/ themselves as aforesaid, at his/ her/their request the Promoter herein shall give the possession of the said unit to the Allottee/s on payment of all dues payable by the Allottee/s, and the Allottee/s herein has/have not committed any default in payment of consideration in installment on due date to the Promoter in pursuance of these presents. If the Promoter fails or neglects to give possession of the said unit to the Allottee/s on account of reasons beyond his control, by the aforesaid date, then the Promoter shall be liable on demand to refund to the unit Allottee/s the amounts already received by him in respect of the unit with interest at the same rate as mentioned in clause-10 hereinabove from the date the Promoter received the sum till the date the amounts Owner and interest thereon is repaid. Provided that the Promoter herein and the Owner shall be entitled to reasonable extension of time for completing the construction of the said unit in released and discharged from all respects on the aforesaid date, if the completion of the construction of the building in which the unit is situated is delayed on account of--their respective obligations and liabilities under this Agreement.