State of Andhra Pradesh - Act
Andhra Pradesh Real Estate (Regulation and Development) Rules, 2017
ANDHRA PRADESH
India
India
Andhra Pradesh Real Estate (Regulation and Development) Rules, 2017
Rule ANDHRA-PRADESH-REAL-ESTATE-REGULATION-AND-DEVELOPMENT-RULES-2017 of 2017
- Published on 27 March 2017
- Commenced on 27 March 2017
- [This is the version of this document from 27 March 2017.]
- [Note: The original publication document is not available and this content could not be verified.]
1. Short title and Commencement.
2. Definitions.
1.
) Where roads, open spaces, amenities and services have been handed over to the local authority in layout Projects.2.
) Where all slabs are laid in housing projects3.
) Where all developmental works have been completed and sale/ lease deeds of 50% of the Apartments/Houses/Plots have been executed4.
) Where development works have been completed and application has been filed to the competent authority for issue of Completion or Occupancy Certificate.(p)"Project Land" means, any parcel or parcels of land on which the project is developed and constructed by a promoter; and(q)"Section" means, a section of the Act;3. Information and documents to be furnished by the promoter for registration of project.
3.
-A Application for Registration of Projects by Promoter. - (1) Application for registration of a proposed project shall be submitted by Promoter by himself or through his Authorized Representative accompanied with the passport size photograph of Promoter duly signed by Promoter in Form No. A to the Authority for the registration of the project and for displaying it on the website of the Authority. The Application shall be made in writing in Form No. A [in triplicate] until the application procedure is made web based as provided under sub-section (3) of section 4 of the Act.3.
-B Contents of the Application for Registration of the Project. - (1) The promoter shall self-certify and attach the following documents along with the Application for registration in Form No. A and shall produce the original documents of the same for verification whenever so directed by the Authority, namely :-(a)Name and Nature of Organization/Promoter;(b)In case of Company or Partnership or Joint Venture, Cooperative Society, Firm, Association of Persons or body of individuals whether incorporated or not, any such other entity, Names and registered addresses of all the Directors/Partners/Office bearers of the Society along with their respective DIN numbers, Telephone Nos, Email Address on which official correspondence is to be communicated;(c)authenticated copy of the PAN card;(d)audited balance sheet of the promoter for the preceding financial year and income tax returns of the promoter for three preceding financial years;(e)Detailed description of land including the copy of land records of develop able or non-develop able land, development plan remarks with site plan;(f)Details of the Agreement between the Owner of the land and the Promoter authorising the latter to undertake the construction of the building (Copy of the Registered Agreement to be Annexed);(g)Nature of promoter's title to the land including copy of the title deed to be annexed along with the title Certificate regarding the Land for which application is preferred by the promoter;(h)Nature of encumbrances on the land, including the right, title, interest or claim of any other person in or over such land (Details of the cases pending before the Authorities or in Courts of Law and their current status);(i)Copy of Approvals obtained by the promoter in accordance with the laws for time being in force;(j)Specify whether the project is to be developed in phases or otherwise;(k)In case the project is to be developed in phases then the promoter shall submit the Approvals from the Competent Authority for the Phase to be undertaken;(l)Copy of Sanctioned Plan, Layout Plan and specifications of the proposed project or the phase thereof, and the whole project as sanctioned by the Competent Authority;(m)The copy of plan of development works to be executed in proposed project and proposed facilities to be provided thereof including firefighting facilities, drinking water facilities, emergency evacuation services, use of renewable energy;(n)Full address of the proposed development project along with the land mark nearby;(o)Location details of the project along with clear details of the land dedicated for the development project along with its boundaries including the latitude and Longitude of the end points of the project;(p)Number of floors to be constructed in building and shall also disclose Number of Apartments for sale in the project on each floor, Carpet Area of such Apartments for Sale in the said project along with area of the Balcony and or Verandah or exclusive open terrace area if any;(q)Disclose the number and areas of garages/parking areas for sale in the project;(r)Names and addresses of the Civil Contractors, or turnkey contractor, or EPC Contractors, Structural Engineer of the project;(s)Names and addresses of Architect, Engineer, Chartered Accountant or name of firm or company together with their office addresses;(t)Disclose the names and addresses of his real estate agents, if any, for the proposed project along with their registration number under APRERA;(u)Detailed technical specifications of the construction of the building/s as approved by the Competent Authority under any law for the time being in force;(v)Estimate of the expenditure for the construction of the building and the source from which such expenditure is sought to be financed;(w)Details of financial agreement made with any bank or other financial institution recognised by the Reserve Bank of India and of legal safeguards taken, if any, for the construction of building, or transfer of building by sale, gift or mortgage or otherwise;(x)Copy of documents showing details of mortgage or any other legal encumbrances created on land in favour of any bank or financial institution recognised by the Reserve Bank of India;(y)The period within which the physical possession of the apartment is to be handed over to allottees;(z)Proforma of the Allotment Letter, Agreement for Sale and the Conveyance Deed proposed to be signed with the Allottee;(aa)Details of the nature of the fixtures, fittings, amenities and common areas, of the apartment, plot or building, as the case may be, as approved by the Competent Authority;(bb)File and Structural Stability Certificate duly issued by Certified Structural Consultant/Engineer;(cc)Details of insurance of title of the land and building as a part of real estate project and construction of the real estate project and any other insurance as may be required by the law.4. Disclosure by promoters of existing projects.
5. Withdrawal of sums deposited in separate account.
6. Grant or rejection of registration of the project.
6.
-A Grant of Registration of the Project. - (1) On receipt of the Application, the Authority or, as the case may be, the officer authorized by him shall enter the particulars of the Application in the Register of Applications to be maintained by the Authority in Form - Q and shall give Serial Number to the Application and endorse on every application the date on which it is presented and shall sign the endorsement.6.
-B Refusal of Registration of the Project. - (1) If the Authority, on receipt of application for registration of the Project, is of the opinion that the registration shall be refused for non-submission of necessary documents along with the Application or incomplete Application, it shall issue a notice to the Promoter in writing mentioning details of documents which are not submitted along with the Application and give such time as the Authority may deem fit and proper for submission of the documents and completion of Application;7. Extension of registration of the project.
8. Revocation of Registration of the project.
- Upon the revocation of registration of a project as per section (7) the regulatory authority shall inform the promoter about such revocation as per Form 'D'.9. Agreement for sale.
10. Application for Registration by the real estate agent.
11. Grant of Registration to the Real Estate Agent.
12. Renewal of registration of real estate agent.
13. Revocation of Registration of real estate agent.
- The Regulatory Authority may, due to reasons specified under sub-section (7) of section 9, revoke the registration granted to the real estate agent or renewal thereof, as the case may be, and intimate the real estate agent of such revocation as per Form 'I'.14. Functions of a Real Estate Agent.
- Every registered Real Estate Agent shall -15. Details to be published on the website.
16. Rate of interest payable by the promoter and the allottee.
- The rate of interest payable by the promoter to the allottee or by the allottee to the promoter, as the case may be, shall be the State Bank of India Prime Lending Rate plus two percent.17. Timelines for refund.
- Any refund of monies along with the applicable interest and compensation, if any, payable by the promoter in terms of the Act or the rules and regulations made thereunder, shall be payable by the promoter to the allottee within forty-five days from the date on which such refund along with applicable interest and compensation, if any, becomes due.Chapter-VI Real Estate Regulatory Authority18. Manner of selection of Chairperson and Members of the Authority.
19. Salary And Allowances.
20. Tenure of office.
21. Oath of Office and Secrecy.
- Every person appointed to the Chairperson under the Act shall, before entering upon his office, make and subscribe an oath of office and secrecy.22. Declaration of financial or other interest.
- Before appointment, the Chairperson and the Member shall have to give an undertaking that he does not and will not have any such financial or other interest as is likely to affect pre-judicially his functions as such Chairperson or Member.23. Administrative powers of the Chairperson of the regulatory authority.
24. Functioning of the Authority.
25. Additional powers of the Authority.
26. Manner of recovery of interest, penalty and compensation.
- Subject to the provisions of sub-section (1) of section 40, the recovery of the amounts due as arrears of land revenue shall be carried out in the manner provided in local laws.27. Manner of implementation of order, direction or decisions of the adjudicating officer, the Authority or the Appellate Tribunal.
- For the purpose of sub-section (2) of section 40, every order passed by the adjudicating officer, regulatory authority or Appellate Tribunal, as the case may be, under the Act or the rules and regulations made thereunder, shall be enforced by the adjudicating officer, regulatory authority or the Appellate Tribunal in the same manner as if it were a decree or order made by the principal civil court in a suit pending therein and it shall be lawful for the adjudicating officer, regulatory authority or Appellate Tribunal, as the case may be, in the event of its inability to execute the order, send such order to the principal civil court, to execute such order either within the local limits of whose jurisdiction the real estate project is located or in the principal civil court within the local limits of whose jurisdiction the person against whom the order is being issued, actually and voluntarily resides, or carries on business, or personally works for gain.Chapter-IX Service Conditions of the Officers and other Employees of the Authority28. Categories of officers and other employees of the Authority and Pay Scales.
- The nature and categories of the officers and other employees of the Authority shall be recommended by the Authority for consideration of the Government which shall be approved with or without modifications, as the case may be, by the Government.29. Service conditions of the officers and other employees.
- The conditions of service of the officers and employees of the Authority in the matter of pay, allowances, leave, joining time, joining time pay, age of superannuation and other conditions of service, shall be regulated in accordance with such rules and regulations as are, from time to time, applicable to officers and employees of the Government and drawing the corresponding scales of pay.30. Experts and consultants engaged.
31. Establishment of Real Estate Appellate Tribunal.
- The Government shall, within a period of one year from the date of coming into force of this Act, by notification, establish an Appellate Tribunal to be known as the Andhra Pradesh Real Estate Appellate Tribunal.32. Composition of Appellate Tribunal.
- The Appellate Tribunal shall consist of a Chairperson and three whole time Members of which one shall be a Judicial member, one Town Planning Technical and one Administrative Member, to be appointed by the Government.33. Qualifications for appointment of Chairperson and Members.
34. Manner of selection of members of the Appellate Tribunal.
35. Salary and allowances payable and other terms and conditions of service of Chairperson and Members of the Appellate Tribunal.
36. Retirement from Government Service.
- A person in the service of the Government, on his selection as a Member, shall have to retire from service before entering upon his office as a Member.37. Oath of Office and Secrecy.
- Every person appointed to the Chairperson under the Act shall, before entering upon his office, make and subscribe an oath of office and secrecy.38. Declaration of financial or other interest.
- Before appointment, the Chairperson and the Member shall have to give an undertaking that he does not and will not have any such financial or other interest as is likely to affect pre-judicially his functions as such Chairperson or Member.39. Residuary provision.
- Matters relating to the terms and conditions of service of the Chairperson or Member, with respect to which no express provision has been made in these rules, shall be referred by the Appellate Tribunal to the State Government for its decision.40. Administrative powers of the Chairperson of the Appellate Tribunal.
41. Categories of officers and other employees of the Authority and Pay Scales.
- The nature and categories of the officers and other employees of the Tribunal shall be recommended by the Tribunal for consideration of the Government which shall be approved with or without modifications, as the case may be, by the Government.42. Service conditions of the officers and other employees.
- The conditions of service of the officers and employees of the Appellate Tribunal in the matter of pay, allowances, leave, joining time, joining time pay, age of superannuation and other conditions of service, shall be regulated in accordance with such rules and regulations as are, from time to time, applicable to officers and employees of the Government and drawing the corresponding scales of pay.43. Additional powers of the Appellate Tribunal.
- The Appellate Tribunal may call upon such experts or consultants from the fields of economics, commerce, accountancy, real estate, construction, architecture or engineering or from any other discipline as it deems necessary, to assist the Appellate Tribunal in the conduct of any inquiry or proceedings before it.44. Form for filing Appeal and the fees payable.
45. Procedure for inquiry of the charges against the Chairperson or Member of the Authority or the Appellate Tribunal.
46. Powers of the designated Judge.
47. Terms and conditions and the fine payable for compounding of offence.
| S.No. | Offence | Money to be paid for compounding the offence |
| 1 | Imprisonment under sub section (2) of section 59 | 10% of the estimated cost of the real estateproject. |
| 2 | Imprisonment under section 64 | 10% of the estimated cost of the real estateproject. |
| 3 | Imprisonment under section 66 | 10% of the estimated cost of the plot, apartmentor building, as the case may be, of the real estate project, forwhich the sale or purchase has been facilitated. |
| 4 | Imprisonment under section 68 | 10% of the estimated cost of the plot, apartmentor building, as the case may be. |
48. Manner of filing a complaint with the regulatory authority and the manner of holding an inquiry by the regulatory authority.
49. Manner of filing a complaint with the adjudicating officer and the manner of holding an inquiry by the adjudicating officer.
50. Interpretation.
- If any question arises relating to the interpretation of these rules or when express provision has not been made in these rules about a particular matter, the same shall be referred to the Government for its decision and decision of the Government shall be binding.51. Residuary provision.
- Matters relating to the terms and conditions of service of the Chairperson or a Member, with respect to which no express provision has been made in these rules, shall be referred by the Authority to the Government for its decision, and the decision of the Government thereon shall be applicable to the Chairperson or Member, as the case may be.52. Power to relax.
- The Government shall have power to relax any provision of these rules in respect of Chairperson or any other Member for reasons to be recorded.Chapter-XIII Budget and Report53. Budget, Accounts and Audit.
- The regulatory authority shall prepare a budget, maintain proper accounts and other relevant records and prepare an annual statement of accounts as provided in section 77 as per Form 'O'.54. Report and Returns.
- The regulatory authority shall prepare its annual report as provided in section 78 as per Form 'P'.Form- 'A'[See rule 3-A (1), 3(2)]Application for Registration of ProjectToThe real Estate Regulatory AuthoritySir,I/We hereby apply for the grant of registration of my/our project to be set up at ............ Taluk District State ..........................1. The requisite particulars are as under:-
2. I/we enclose the following documents in triplicate, namely;-
3. I/We solemnly affirm and declare that the particulars given in herein are correct to my/our knowledge and belief.
Dated:Place:Yours faithfully,Signature and seal of theapplicants(s)Form - 'B'[See rule 3B-(2) (n)]Declaration, Supported by An Affidavit, which shall be Signed by the Promoter any person Authorizes by the PromoterAffidavit cum DecelerationAffidavit cum declaration of Mr./Ms. .............................. Promoter of the proposed project/duly authorized by the promoter of the proposed project, vide its/his/their authorized dated .........................;I, ................................................ promoter of the proposed project/duly authorized by the promoter of the proposed project do hereby solemnly declare, undertake and state as under:1. That I/promoter have/has a legal title to the land on which the development of the project is proposed
OrHave/has a legal title to the land on which the development of the proposed project is to be carried outAnda legally valid authentication of title of such land along with an authorised copy of the agreement between such owner and promoter for development of the real estate project is enclosed herewith.2. That the said land is free from all encumbrances.
OrThat details of encumbrances including details of any rights, title, interest or name of any party i or over such land , along with details.3. That the time period within which the project shall be completed by me/promoter is .
4. That seventy per cent of the amount realised by me/promoter for the real estate project from the allottees, from time to time, shall be deposited in a separate account to be maintained in a scheduled bank to over the cost of construction and the land cost and shall be used only for the purpose.
5. That the amounts from the separate account, to cover the cost of the project, shall be withdrawn in proportion to the percentage of completion of the project.
6. That the amounts from the separate account shall be withdrawn after it is certified by an engineer, an architect and a chartered accountant in practice that the withdrawal is in proportion to the percentage of completion of the project.
7. That I/promoter shall get the accounts audited within six months after the end of every financial year by a chartered accountant in practice, and shall produce a statement of accounts duly certified and signed by such chartered accountant and it shall be verified during the audit that the amounts collected for a particular project have been utilised for the project and the withdrawal has been in compliance with the proportion to the percentage of completion of the project.
8. That I/promoter shall take all the pending approvals on time, from the competent authorities.
9. That I/promoter have/has furnished such other documents as have been prescribed by the rules and regulations made under the act.
10. That I/promoter shall not discriminate against any allottee at the time of allotment of any apartment, plot or building, as the case may be, on any grounds.
DeponentVerificationThe contents of my above Affidavit cum declaration are true and correct and nothing material has been concealed by me there form.Verified by me at ..................................... on this ................................. days of .....................DeponentForm - "C'(See Rule - 6A (3))Registration Certificate of ProjectThis registration is granted under section 5 of the Act to the following project under project registration number.......................(Specify Details of Project including the project address):1. (In the case of an individual) Mr. Ms.................................................. son of Mr.Ms ............................. Taluk ..................................... District ............................. State .............................
OR(in the case of a firm/society/company/competent authority) ..............................society/company competent authority........................having its registered office/principal place of business at.......................2. This registration is granted subject to the following condition namely:-
3. If the above mentioned conditions are not fulfilled by the promoter, the regulatory authority may take necessary action against the promoter including revoking the registration granted herein, as per the Act and the rules and regulations made thereunder.
Dated:Place:Signature and seal of the Authorized OfficerReal Estate Regulatory Authority.Form "D"(See rule 6-B (6), rule 7 (4): rule:8)Intimation of Rejection of Application for Registration of Project/rejection of Applications for Extension of Registration of Project/Revocation of Registration of ProjectFrom :The Real Estate Regulatory Authority,ToApplication/Registration No:...............................................Dated:..................................................You are hereby informed that your application for registration of your project is rejectedOrYou are hereby informed that your application for extension of the registration of your project is rejected.OrYou are hereby informed that the registration granted to your project is hereby revoked for the reasons set out:.........................................Place:Dated:Signature and seal of the AuthorizedOfficer Real Estate Regulatory Authority.Form "E"(See rule 7 (1))Application for Extension of Registration of ProjectFromToThe Real Estate Regulatory Authority.Sir,I/We hereby apply for renewal of registration of the following Projects: Registered with the regulatory authority vide project registration certificate bearing No................... which expires on......................................As required I/We submit the following documents and information, namely:-1. (in the case of an individual) Mr./Ms ................................................... son of Mr. Ms .................................................... Taluk ..................................... District ................................. State .........
Or(In the case of a firm/society/company/competent authority) ......................... firm/society/company/competent authority ....................................................... having in registered office/principal place of business at ................................2. This renewal of registration is granted subject to the following conditions, namely:-
1. (in the case of an individual) Mr./Ms ................................................................ son of Mr. Ms ........................................................ Taluk ................................... District ......................... State ..........
Or(In the case of a firm/society/company) ............................. firm/society/ company ..................................... having its registered office/principal place of business at ........................2. The requisite particulars are as under:
3. I/We enclose the following documents along with namely:-
4. I/We solemnly affirm and declare that the particulars given in herein are correct to my/our knowledge and belief.
Dated:Place:Yours faithfully,Signature and seal of the applicant(s).Form "H"[See rule 11(I)]Registration Certificate of Real Estate Agent1. This registration is granted under section 9 of the Act with registration certificate bearing No. ............................ to ......................
(in the case of an individual) Mr./Ms. ........................................ son of Mr./Ms. .................................... Taluk ............................. District ..............................................OR(in the case of a firm/society/company) .......................................................... firm/ society/company ............................................... having is registered office/principal place of business at ...........................................To act as a real estate agent to facilitate the sale or purchase of any plot, apartment or building, as the case may be, in real estate projects registered in the ............................................................. State of Andhra Pradesh in terms of the Act and the rules and regulations made thereunder.2. This registration is granted subject to the following conditions, namely:-
3. The registration is valid for a period of five years commencing from ...................................... and ending with ..................................................... unless renewed by the regulatory authority in accordance with the provisions of the Act or the rules and regulations made thereunder.
4. If the above mentioned conditions are not fulfilled by the real estate agent, the regulatory authority may take necessary action against the real estate agent including revoking the registration granted herein, as per the Act and rules and regulations made thereunder.
Dated:PlaceSignature and seal of the Authorised OfficerReal Estate Regulatory AuthorityForm "I"(See rule 11 (2), 12(4), 13 )Intimation of Rejection of Application for Registration of Real Estate Agent/rejection of Application for Renewal of Registration of Real Estate Agent/revocation of Registration of Real Estate AgentFrom:The Real Estate Regulatory Authority,ToApplication/Registration No. ...............................Dated: ........................................You are hereby informed that your application for registration as real estate agent is rejected.OrYou are hereby informed that your application for the renewal of the registration as real estate agent is rejected.OrYou are hereby informed that the registration granted to you as real estate agent is hereby revoked.For the reasons set out:- ...............................................................................Place:Dated:Signature and seal of the Authorised OfficerReal Estate Regulatory AuthorityForm "J"[See rule 12(I)]Application for Renewal of Registration of Real Estate AgentFrom:To:The Real Estate Regulatory Authority.Sir,I/We beg to apply for renewal my/our registration as a real estate agent under registration certificate bearing No. ................................ which expires on ...........................................As required I/we submit the following documents and information, namely:-1. This renewal of registration is granted under section 9 of the Act to-
(in the case of an individual) Mr./Ms. ............................................................... son of Mr./Ms. ............................................ Taluk .................................... District ................................ State ..........................................or(in the case of a firm/society/company) ................................................... firm/society/ company ............................................... having its registered office/principal plce of business at ......................................................In continuation to registration certificate bearing No. ...................................... of .......................................2. This renewal of registration is granted subject to the following conditions, namely:-
3. The registration is valid for a period of five years commencing from ..................................... and ending with .................................................. unless renewed by the regulatory authority in accordance with the provisions of the Act or the rules and regulations made thereunder.
4. If the above mentioned conditions are not fulfilled by the real estate agent, the regulatory authority may take necessary action against the real estate agent including revoking the registration granted herein, as per the Act and the rules and regulations made thereunder.
Dated:Place:Signature and seal of the Authorised OfficerReal Estate Regulatory AuthorityForm 'L'[See Rule 34 (2)]Appeal To Appellate TribunalAppeal under Section 44 of the Act.Every appeal shall be filed in English and in case it is in some other Indian Language, it shall be accompanied by a copy translated in English and shall be fairly and legibly type-written, lithographed or printed in double spacing on one side of standard petition paper with an inner margin of about four centimetres width on top and with a right margin on 2.5 cm, and left margin of 5 cm, duly paginated, indexed and stitched together in paper book form.For use of Appellate Tribunal's Office :Date of filing : _____________________________________________Date of receipt by post : _____________________________________Registration No. : __________________________________________Signature : _______________________________________________Registrar : _______________________________________________In The Real Estate Appellate Tribunal (Name of place)Between :_____________________________________________ (Appellant(s))And :______________________________________________ (Respondent(s))Details of appeal :1. Particulars of the appellants :
2. Particulars of the Respondents :
3. Jurisdiction of the Appellant Tribunal : The appellant declares that the subject matter of the appeal falls within the jurisdiction of the Appellate Tribunal.
4. Limitation : The appellant declares that the appeal is within the limitation specified in subsection (2) of Section 44.
OrIf the appeal is filed after the expiry of the limitation period specified under sub-section (2) of Section 44 specify reasons for delay __________________5. Facts of the case :
(give a concise statement of facts and grounds of appeal against the specific order of regulatory authority or the adjudicating officer, as the case may be passed under section(s) ______________________ of the Act.6. Relief(s) sought :
In view of the facts mentioned in paragraph 5 above, the appellant prays for the following relief(s) __________________________________________ [Specify below the relief(s) sought explaining the grounds of relief(s) and the legal provisions (if any) relied upon]7. Interim order, if prayed for :
Pending final decision on the appeal the appellant seeks issue of the following interim order;[Giver here the nature of the interim order prayed for with reasons]8. Matter not pending with any other court, etc. :
The appellant further declares that the matter regarding which this appeal has been made is not pending before any court of law or any other authority or any other tribunal(s).9. Particulars of Bank Draft in respect of the fee in terms of sub-rule (1) of rule 28:
10. List of enclosures :
1. Particulars of the complainant(s) :
2. Particulars of the Respondents :
3. Jurisdiction of the Regulatory Authority :
The complainant declares that the subject matter of the claim falls within the jurisdiction of the Regulatory Authority.4. Facts of the case :
(give a concise statement of facts and grounds of complaint)5. Relief(s) sought :
In view of the facts mentioned in paragraph 4 above, the complainant prays for the following relief(s) __________________________________________[Specify below the relief(s) claimed explaining the grounds of relief(s) and the legal provisions (if any) relied upon]6. Interim order, if prayed for :
Pending final decision on the appeal the complaint seeks issue of the following interim order;[Giver here the nature of the interim order prayed for with reasons]7. Complaints not pending with any other court, etc. :
The complainant further declares that the matter regarding which this complaint has been made is not pending before any court of law or any other authority or any other tribunal(s).8. Particulars of Bank Draft in respect of the fee in terms of sub-rule (1) of rule 36:
9. List of enclosures :
[specify the details of enclosures with the complaint]VerificationI _______________________________________________ (name in full block letters), son/daughter of ___________________________________ the complainant do hereby verify that the contents of paragraphs [1 to 9] are true to my personal knowledge and belief and that I have not suppressed any material fact(s).Place :Date :Signature of the appellant(s)Form 'N'[See Rule 38 (1)]Application to Adjudicating OfficerClaim for compensation under section 31 read with section 71 of the Act.For use of Adjudicating Officer's Office :Date of filing : _____________________________________________Date of receipt by post : _____________________________________Application No. : ___________________________________________Signature : _______________________________________________Authorise Officer : __________________________________________In The Adjudicating Officer's Office (Name of place)Between :_____________________________________________ (Applicant(s))And :______________________________________________ (Respondent(s))Details of claim :1. Particulars of the applicant(s) :
2. Particulars of the Respondents :
3. Jurisdiction of the Adjudicating Officer :
The applicant declares that the subject matter of the claim falls within the jurisdiction of the Adjudicating Officer.4. Facts of the case :
(give a concise statement of facts and grounds of claim against the promoter)5. Compensation(s) sought :
In view of the facts mentioned in paragraph 4 above, the applicant prays for the following compensation(s) ______________________________________[Specify below the compensation(s) claimed explaining the grounds of claim(s) and the legal provisions (if any) relied upon]6. Claim(s) not pending with any other court, etc. :
The applicant further declares that the matter regarding which this appeal has been made is not pending before any court of law or any other authority or any other tribunal(s).7. Particulars of Bank Draft in respect of the fee in terms of sub-rule (1) of rule 36:
8. List of enclosures :
[specify the details of enclosures with the application]VerificationI _______________________________________________ (name in full block letters), son/daughter of ___________________________________ the complainant do hereby verify that the contents of paragraphs [1 to 9] are true to my personal knowledge and belief and that I have not suppressed any material fact(s).Place :Date :Signature of the appellant(s)Form 'Q'[See rule 39]Annual Statement of AccountsReceipts and Payments accountFor the year ended_____________________________(In Rupees)| A/c Code | Receipts | Current year As on | Previous year As on | A/c Code | Payments | Current year As on | Previous year As on |
| 1. | To Balance Brought down: | 13. | By Chairperson and Members: | ||||
| 1.1. | To Bank | 13.1. | By pay and Allowances | ||||
| 1.2. | To Cash in hand | 13.2. | By Other benefits | ||||
| 2. | To Fee, Charges and Fine: | 13.3. | By Travelling expenses: | ||||
| 2.1 | To Fees | 13.3.1. | By Overseas | ||||
| 2.2. | To Charges | 13.3.2. | By Domestic | ||||
| 2.3. | To Fines | 14. | By officers: | ||||
| 2.4. | To Others (specify) | 14.1. | By Pay and Allowances | ||||
| 3. | To Grants: | 14.2. | By Retirement Benefits | ||||
| 3.1. | To Accounts With Government | 14.3. | By Other benefits | ||||
| 3.2. | To Others (specify) | 14.4. | By Travelling expenses: | ||||
| 4. | To Gifts | 14.4.1. | By overseas | ||||
| 5. | To Seminars and conferences | 14.4.2. | By Domestic | ||||
| 6. | To Sale of Publications | 15. | By Staff: | ||||
| 7. | To Income on investments and Deposits : | 15.1. | By Pay and Allowances | ||||
| 7.1. | To Income on Investments | 15.2. | By Retirement Benefits | ||||
| 7.2. | To Income on Deposits | 15.3. | By Other Benefits | ||||
| 8. | To Loans : | 15.4. | By Travelling expenses: | ||||
| 8.1. | To Government | 15.4.1. | By overseas | ||||
| 8.2. | To Others (specify) | 15.4.2. | By Domestic | ||||
| 9. | To Sale of Assets | 16. | By Hire of Conveyance | ||||
| 10. | To Sale on Investments | 17. | By Wages | ||||
| 11. | To Recoveries from pay bills | 18. | By Overtime | ||||
| 19. | By Honorarium | ||||||
| 20. | By Other office expenses | ||||||
| 21. | By Expenditure on Research | ||||||
| 22. | By Consultation expenses | ||||||
| 23. | By Seminars and conferences | ||||||
| 24. | By Publications of Authority | ||||||
| 25. | By Rent and Taxes | ||||||
| 26. | By Interest and Loans | ||||||
| 27. | By Promotional Expenses | ||||||
| 28. | By Membership fee | ||||||
| 29. | By Subscription | ||||||
| 30. | By Purchase of Fixed Assets (Specify) | ||||||
| 31. | By Investments and Deposits : | ||||||
| 31.1. | By Investments | ||||||
| 31.2. | By Deposits | ||||||
| 32. | By Security Deposits | ||||||
| 33. | By Loans and Advances to : | ||||||
| 33.1. | By Employees: | ||||||
| 33.1.1. | By Bearing Interest | ||||||
| 33.1.2. | By Not Bearing Interest | ||||||
| 33.2. | By Suppliers /contractors | ||||||
| 33.3. | By others (specify) | ||||||
| 34. | By Repayment of loan | ||||||
| 35. | By Others | ||||||
| 35.1. | By Leave Salary and Pension | ||||||
| 35.2. | Contribution | ||||||
| 35.3. | By Audit Fee | ||||||
| 35.4. | By Misc: | ||||||
| 36. | By Balance carried down: | ||||||
| 36.1. | By Bank | ||||||
| 36.2. | By Cash in Hand | ||||||
| Total | Total |
| A/c Code | Expenditure | Current year As on | Previous year As on | A/c Code | Income | Current year As on | Previous year As on |
| 37. | To Chairperson and Members | 61. | By fee, Charges and Fine | ||||
| 37.1. | To Pay and Allowances | 61.1. | By Fee | ||||
| 37.2. | To Other benefits | 61.2. | By Charges | ||||
| 37.3. | To Travelling Expenses | 61.3. | By Fines | ||||
| 37.3.1. | To Overseas | 61.4. | By Others (specify) | ||||
| 37.3.2. | To Domestic | 62. | By Grants | ||||
| 38. | To Officers | 62.1. | By Account with Government | ||||
| 38.1. | To Pay and Allowances | 62.2. | By others (Specify) | ||||
| 38.2. | To retirement Benefits | 63. | By Gifts | ||||
| 38.3. | To Other Benefits | 64. | By Seminars and Conferences | ||||
| 38.4. | To Travelling Expenses | 65. | By Sale of Publications | ||||
| 38.4.1. | To Overseas | 66. | By Income on investments and Deposits | ||||
| 38.4.2. | To Domestic | 66.1. | By Income on investments | ||||
| 39. | To Staff | 66.2. | By Income on Deposits | ||||
| 39.1. | To Pay and Allowances | 66.3. | By Interest on Loan and Advances | ||||
| 39.2. | To Retirement Benefits | 67. | By Miscellaneous | ||||
| 39.3. | To Other Benefits | 67.1. | By Gain on Sales | ||||
| 39.4. | To travelling expenses | 67.2. | By Excess of expenditure over income | ||||
| 39.4.1. | To Overseas | 67.3 | (Transferred to Capital Fund Accounts) | ||||
| 39.4.2. | To Domestic | ||||||
| 40. | To hire of Conveyance | ||||||
| 41. | To Wages | ||||||
| 42. | To Overtime | ||||||
| 43. | To Honorarium | ||||||
| 44. | To Other office expenses | ||||||
| 45. | To expenditure on Research | ||||||
| 46. | To Consultation expenses | ||||||
| 47. | To Seminars and conferences | ||||||
| 48. | To Publications of Real Estate RegulatoryAuthority | ||||||
| 49. | To Rent and Taxes | ||||||
| 50. | To interest on loans | ||||||
| 51. | To Promotional Expenses | ||||||
| 52. | To membership fee | ||||||
| 53. | To Subscription | ||||||
| 54. | To Others | ||||||
| 54.1. | To Leave Salary and Pension | ||||||
| 54.2. | Contribution | ||||||
| 54.3. | To Audit Fee | ||||||
| 54.4. | To Misc | ||||||
| 55. | To Depreciation | ||||||
| 56. | To Loss on sale of assets | ||||||
| 57. | To Bad Debts written off | ||||||
| 58. | To Provision for bad & doubtful debts | ||||||
| 59. | To Excess of income over Expenditure | ||||||
| 60. | (Transferred to capital Fund Account | ||||||
| Total | Total |
| A/c Code | Liabilities | Current year As on | Previous Year As on | A/c Code | Assets | Current year As on | Previous Year As on |
| 68. | Funds | 72. | Fixed Assets | ||||
| 68.1 | Capital Fund | 72.1 | Gross Block at Cost | ||||
| 68.2 | Add excess of Income over expenditure/lessexcess of Expenditure over Income | 72.2 | Less Cumulative depreciation | ||||
| 68.3 | Other Funds (Specify) | 72.3. | Net Block | ||||
| 69. | Reserves | 73. | Capital Work- in - Progress | ||||
| 70. | Loans | 74. | Investments & Deposits | ||||
| 70.1 | Government | 74.1 | Investment | ||||
| 70.2 | Others | 75 | Loans and Advances | ||||
| 71. | Current Liabilities and provisions | 75.1 | Account with Government | ||||
| 76. | Sundry Debtors | ||||||
| 77. | Cash and Bank Balances | ||||||
| 78. | Other Current Assets | ||||||
| Total | Total | ||||||
| Accounting Policies and Notes: |
| Serial Number | Name of promoter | Address of promoter | Description of project for which registrationhas been issued | Fee paid | Registration Number | Date of issue of registration | Date on which registration expires | Date of extension of registration with periodof extension | Remark |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| SerialNo. | Nameof Real Estate Agent | Addressof Real Estate Agent | RegistrationFee paid | Dateof issue of registration certificate | Dateof which registration certificate expires | Dateand period of renewal of registration certificate | Remark |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Sl.No. | No. of Cases pending in the last quarter bythe regulatory authority | No. of Cases received during the quarter bythe regulatory authority | No. of Cases disposed of by the regulatoryauthority |
| Sl.No. | No. of Cases pending in the last quarter with the adjudication officer | No. of Cases received during the quarter by the adjudicating officer | No. of Cases disposed of by the adjudication officer |
| Sl.No. | Survey conducted during the quarter with details | Observation of Authority | Remedial steps taken |
| Sl.No. | Subject | Steps taken | Results achieved |
| Sl.No. | Name of the Promoter | Details of the directions issued | Penalty imposed | Whether paid |
| Sl.No. | Name of the allottee | Details of the directions issued | Penalty imposed | Whether paid |
| Sl.No. | Name of the real estate agent | Details of the directions issued | Penalty imposed | Whether paid |
| S.No. | Date of submission of Application | Application No. | Name of the Project | Name and Nature of Organization/Promoter &Address | Names of all the Directors/Partners/Officebearers of the Society | Registered address of all theDirectors/Partners/Office bearers of the Society | Telephone No/Email Address |
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) |
| DIN Number & PAN Number | Names and addresses ofArchitect/Engineer/Chartered Accountant & addresses | Name of the Real Estate Agent & registrationnumber under APRERA | Declaration in Form - B submitted YES/NO | Proposed for Land Development forplots/subdivisions or Construction of Building for apartments/individual house /commercial/ etc | Whether the project is proposed in phases. If yesgive the details. | Extent of the proposed site [in Hecates /Acres/Sq.m] | Survey Nos. and Name of the Village/ town inwhich the development is proposed |
| (9) | (10) | (11) | (12) | (13) | (14) | (15) | (16) |
| Location details of the project along with itsboundaries including the latitude and Longitude of the end points | Sanctioned Plans obtained from the CompetentAuthority. If yes, Permission order Number and date of approval | Proposed completion Date of the project | Agreement between the Land Owner and Promoterauthorising to undertake construction is submitted. [YES/NO] | Copy of the title deed of the Land is submitted[YES/NO] | Copy of the plan of development works of theProject is submitted [YES/NO] | Acknowledgement for receipt of the application isissued [YES/NO] |
| (17) | (18) | (19) | (20) | (21) | (22) | (23) |
| S. No. | Name of the Project Including the Locationdetails of the Project | Application No. of the Allottee and date | Name of the Allottee | Age, Address of the Allottee, PAN Number, PhoneNumber, Mail address etc. | Number of the Apartment/Building/Plot allotted | Carpet Area, Common Area and Total Area (in sq.m)/Plot Area(in sq. m) | Total Cost of the unit, including common areas,provision of amenities, all the taxes and advance for maintenanceof common areas etc. | Advance Paid (in Rs.) | Date of Payment Cheque/DD No. |
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) |
| S. No. | Name of the Project Locational details of theProject | Total Cost of the Project including commonareas, provision of amenities, etc. | Type of component/Purpose | Estimated Cost | Sum collected from the Allottee as Advance orCommission |
| (1) | (2) | (3) | (4) | (5) | (6) |
1. Terms:
| S. No. | Block/Building/Tower No. or Name | Type | Floor | Apartment No. | Rate of Apartment per square feet* (in Rs.) | Taxes (in Rs.) | Total Price (in Rs.) |
| (A) | (B) | (C) | (D) | (E) | (F) | (G) | (H) |
| Garage/Closed parking - 1 | Price for 1 |
| Garage/Closed parking - 1 | Price for 1 |
| S. No. | Block No. or Name | Type | Plot No. | Rate of Plot per square Yard or square meter | Taxes (in Rs.) | Total Price of the Plot (in Rs.) |
| (A) | (B) | (C) | (D) | (E) | (G) | (H) |
2. Mode of Payment. - Subject to the terms of the Agreement and the Promoter abiding by the construction milestones, the Allottee shall make all payments, on demand by the Promoter, within the stipulated time as mentioned in the Payment Plan through A/c Payee cheque/demand draft or online payment (as applicable) in favour of '________________________' payable at _________.
3. Compliance of Laws Relating to Remittances. - 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act and Rules and Regulations made thereunder or any statutory amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfill its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/she shall be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.
4. Adjustment/appropriation of Payments. - The Allottee authorizes the Promoter to adjust/appropriate all payments made by him/her under any head(s) of dues against lawful outstanding, if any, in his/her name as the Promoter may in its sole discretion deem fit and the Allottee undertakes not to object/demand/direct the Promoter to adjust his payments in any manner.
5. Time is Essence. - Time is of essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule for completing the project and handing over the [Apartment/Plot]to the Allottee and the common areas to the association of the allottees after receiving the occupancy certificate. Similarly, the Allottee shall make timely payments of the installment and other dues payable by him/her and meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the Promoter as provided in Schedule C ("Payment Plan").
6. Construction of the Project/Apartment. - The Allottee has seen the specifications of the [Apartment/Plot] and accepted the Payment Plan, floor plans, layout plans [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent Authorities and shall also strictly abide by the bye-laws, FAR and density norms and provisions prescribed by the Master Plan for the area, Zoning Regulations and Andhra Pradesh Building Rules as amended from time to time and shall not have an option to make any variation/alteration/modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of the Agreement.
7. Possession of the Apartment/Plot
8. Representations and Warranties of the Promoter. - The Promoter hereby represents and warrants to the Allottee as follows:
9. Events of Defaults and Consequences. - 9.1 Subject to the Force Majeure clause, the Promoter shall be considered under a condition of Default, in the following events:
(i)Promoter fails to provide ready to move in possession of the [Apartment/Plot] to the Allottee within the time period specified. For the purpose of this clause, 'ready to move in possession' shall mean that the apartment shall be in a habitable condition which is complete in all respects;(ii)Discontinuance of the Promoter's business as a developer on account of suspension or revocation of his registration under the provisions of the Act or the rules or regulations made thereunder.10. Conveyance of the Said Apartment. - The Promoter, on receipt of complete amount of the Price of the [Apartment/Plot] under the Agreement from the Allottee, shall execute a conveyance deed and convey the title of the [Apartment/Plot] together with proportionate indivisible share in the Common Areas within 3 (three) months from the issuance of the occupancy certificate*. However, in case the Allottee fails to deposit the stamp duty, registration charges and all other incidental and legal expenses etc. so demanded within the period mentioned in the demand letter, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour till full and final settlement of all dues and stamp duty and registration charges to the Promoter is made by the Allottee. The Allottee shall be solely responsible and liable for compliance of the provisions of Indian Stamp Act, 1899 including any actions taken or deficiencies/penalties imposed by the competent authority(ies).
11. Maintenance Of The Said Building/apartment/ Project. - The Promoter shall be responsible to provide and maintain essential services in the Project till the taking over of the maintenance of the project by the association of the allottees. The cost of such maintenance has been included in the Total Price of the [Apartment/Plot].
[Insert any other clauses in relation to maintenance of project, infrastructure and equipment]12. Defect Liability. - It is agreed that in case any structural defect or any other defect in workmanship, quality or provision of services or any other obligations of the Promoter as per the agreement for sale relating to such development is brought to the notice of the Promoter within a period of 5 (five) years by the Allottee from the date of handing over possession, it shall be the duty of the Promoter to rectify such defects without further charge, within 30 (thirty) days, and in the event of Promoter's failure to rectify such defects within such time, the aggrieved Allottees shall be entitled to receive appropriate compensation in the manner as provided under the Act.
13. Right of Allottee to use Common Areas and Facilities Subject to Payment of Total Maintenance Charges. - The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.
14. Right to Enter the Apartment for Repairs. - The Promoter/maintenance agency/association of allottees shall have rights of unrestricted access of all Common Areas, garages and parking spaces for providing necessary maintenance services and the Allottee agrees to permit the association of allottees and/or maintenance agency to enter into the [Apartment/Plot] or any part thereof, after due notice and during the normal working hours, unless the circumstances warrant otherwise, with a view to set right any defect.
15. Usage - Use of Basement and Service Areas. - The basement(s) and service areas, if any, as located within the __________________________________ (project name), shall be earmarked for purposes such as parking spaces and services including but not limited to electric sub-station, transformer, DG set rooms, underground water tanks, pump rooms, maintenance and service rooms, firefighting pumps and equipment's etc. and other permitted uses as per sanctioned plans. The Allottee shall not be permitted to use the services areas and the basements in any manner whatsoever, other than those earmarked as parking spaces, and the same shall be reserved for use by the association of allottees formed by the Allottees for rendering maintenance services.
16. General Compliance With Respect to the Apartment. - Subject to Clause 12 above, the Allottee shall, after taking possession, be solely responsible to maintain the [Apartment/Plot] at his/her own cost, in good repair and condition and shall not do or suffer to be done anything in or to the Building, or the [Apartment/Plot], or the staircases, lifts, common passages, corridors, circulation areas, atrium or the compound which may be in violation of any laws or rules of any authority or change or alter or make additions to the [Apartment/Plot] and keep the [Apartment/Plot], its walls and partitions, sewers, drains, pipe and appurtenances thereto or belonging thereto, in good and tenantable repair and maintain the same in a fit and proper condition and ensure that the support, shelter etc. of the Building is not in any way damaged or jeopardized. The Allottee further undertakes, assures and guarantees that he/she would not put any sign-board/name-plate, neon light, publicity material or advertisement material etc. on the face /facade of the Building or anywhere on the exterior of the Project, buildings therein or Common Areas. The Allottees shall also not change the colour scheme of the outer walls or painting of the exterior side of the windows or carry out any change in the exterior elevation or design. Further the Allottee shall not store any hazardous or combustible goods in the [Apartment/Plot] or place any heavy material in the common passages or staircase of the Building. The Allottee shall also not remove any wall, including the outer and load bearing wall of the [Apartment/Plot]. The Allottee shall plan and distribute its electrical load in conformity with the electrical systems installed by the Promoter and thereafter the association of allottees and/or maintenance agency appointed by association of allottees. The Allottee shall be responsible for any loss or damages arising out of breach of any of the aforesaid conditions.
17. Compliance of Laws, Notifications etc. by Allottee. - The Allottee is entering into this Agreement for the allotment of a [Apartment/Plot] with the full knowledge of all laws, rules, regulations, notifications applicable to the Project in general and this project in particular. That the Allottee hereby undertakes that he/she shall comply with and carry out, from time to time after he/she has taken over for occupation and use the said [Apartment/Plot], all the requirements, requisitions, demands and repairs which are required by any competent Authority in respect of the [Apartment/Plot]/at his/her own cost.
18. Additional Constructions. - The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority(ies) except for as provided in the Act.
19. Promoter Shall not Mortgage or Create a Charge. - After the Promoter executes this Agreement he shall not mortgage or create a charge on the [Apartment/Plot/Building] and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such [Apartment/Plot/Building].
20. Andhra Pradesh Apartment (Promotion of Construction and Ownership) Act, 1987. - The Promoter has assured the Allottees that the project in its entirety is in accordance with the provisions of the Andhra Pradesh Apartment (Promotion of Construction and Ownership) Act, 1987. The Promoter showing compliance of various laws/regulations as applicable in Andhra Pradesh.
21. Binding Effect. - Forwarding this Agreement to the Allottee by the Promoter does not create a binding obligation on the part of the Promoter or the Allottee until, firstly, the Allottee signs and delivers this Agreement with all the schedules along with the payments due as stipulated in the Payment Plan within 30 (thirty) days from the date of receipt by the Allottee and secondly, appears for registration of the same before the concerned Sub-Registrar as and when intimated by the Promoter. If the Allottee(s) fails to execute and deliver to the Promoter this Agreement within 30 (thirty) days from the date of its receipt by the Allottee and/or appear before the Sub-Registrar for its registration as and when intimated by the Promoter, then the Promoter shall serve a notice to the Allottee for rectifying the default, which if not rectified within 30(thirty) days from the date of its receipt by the Allottee, application of the Allottee shall be treated as cancelled and all sums deposited by the Allottee in connection therewith including the booking amount shall be returned to the Allottee without any interest or compensation whatsoever.
22. Entire Agreement. - This Agreement, along with its schedules, constitutes the entire Agreement between the Parties with respect to the subject matter hereof and supersedes any and all understandings, any other agreements, allotment letter, correspondences, arrangements whether written or oral, if any, between the Parties in regard to the said apartment/plot/building, as the case may be.
23. Right to Amend. - This Agreement may only be amended through written consent of the Parties.
24. Provisions of this Agreement Applicable on Allottee/ Subsequent Allottees. - It is clearly understood and so agreed by and between the Parties hereto that all the provisions contained herein and the obligations arising hereunder in respect of the Project shall equally be applicable to and enforceable against any subsequent Allottees of the [Apartment/Plot], in case of a transfer, as the said obligations go along with the [Apartment/Plot] for all intents and purposes.
25. Waiver not a Limitation to Enforce. - 25.1 The Promoter may, at its sole option and discretion, without prejudice to its rights as set out in this Agreement, waive the breach by the Allottee in not making payments as per the Payment Plan including waiving the payment of interest for delayed payment. It is made clear and so agreed by the Allottee that exercise of discretion by the Promoter in the case of one Allottee shall not be construed to be a precedent and/or binding on the Promoter to exercise such discretion in the case of other Allottees.
26. Severability. - If any provision of this Agreement shall be determined to be void or unenforceable under the Act or the Rules and Regulations made thereunder or under other applicable laws, such provisions of the Agreement shall be deemed amended or deleted in so far as reasonably inconsistent with the purpose of this Agreement and to the extent necessary to conform to Act or the Rules and Regulations made thereunder or the applicable law, as the case may be, and the remaining provisions of this Agreement shall remain valid and enforceable as applicable at the time of execution of this Agreement.
27. Method of Calculation of Proportionate Share Wherever Referred to in the Agreement. - Wherever in this Agreement it is stipulated that the Allottee has to make any payment, in common with other Allottee(s) in Project, the same shall be the proportion which the carpet area of the [Apartment/Plot] bears to the total carpet area of all the [Apartments/Plots] in the Project.
28. Further Assurances. - Both Parties agree that they shall execute, acknowledge and deliver to the other such instruments and take such other actions, in additions to the instruments and actions specifically provided for herein, as may be reasonably required in order to effectuate the provisions of this Agreement or of any transaction contemplated herein or to confirm or perfect any right to be created or transferred hereunder or pursuant to any such transaction.
29. Place of Execution. - The execution of this Agreement shall be complete only upon its execution by the Promoter through its authorized signatory at the Promoter's Office, or at some other place, which may be mutually agreed between the Promoter and the Allottee, in ____________________ after the Agreement is duly executed by the Allottee and the Promoter or simultaneously with the execution the said Agreement shall be registered at the office of the Sub-Registrar. Hence this Agreement shall be deemed to have been executed at ____________________.
30. Notices. - That all notices to be served on the Allottee and the Promoter as contemplated by this Agreement shall be deemed to have been duly served if sent to the Allottee or the Promoter by Registered Post at their respective addresses specified below:
_________________Name of Allottee_________________ (Allottee Address)M/s _____________Promoter name_________________ (Promoter Address)It shall be the duty of the Allottee and the Promoter to inform each other of any change in address subsequent to the execution of this Agreement in the above address by Registered Post failing which all communications and letters posted at the above address shall be deemed to have been received by the Promoter or the Allottee, as the case may be.31. Joint Allottees. - That in case there are Joint Allottees all communications shall be sent by the Promoter to the Allottee whose name appears first and at the address given by him/her which shall for all intents and purposes to consider as properly served on all the Allottees.
32. Governing Law. - That the rights and obligations of the parties under or arising out of this Agreement shall be construed and enforced in accordance with the laws of India for the time being in force.
33. Dispute Resolution. - All or any disputes arising out or touching upon or in relation to the terms and conditions of this Agreement, including the interpretation and validity of the terms thereof and the respective rights and obligations of the Parties, shall be settled amicably by mutual discussion, failing which the same shall be settled through the adjudicating officer appointed under the Act.
[Please insert any other terms and conditions as per the contractual understanding between the parties, however, please ensure that such additional terms and conditions are not in derogation of or inconsistent with the terms and conditions set out above or the Act and the Rules and Regulations made thereunder.]In Witness Whereof parties herein-above named have set their respective hands and signed this Agreement for sale at ___________________________ (city/town name) in the presence of attesting witness, signing as such on the day first above written.Signed and Delivered by the within named| Allottee: (including joint buyers) | ||||
| (1)________________________________________________ | ||||
| (2)________________________________________________ | ||||
| At ________________on ______ in the presence of: | ||||
| Promoter: | |||
| (1)________________________________ (Authorized Signatory) | |||
| (2)________________________________________________ | |||
| Witnesses: | |||
| 1. Signature __________________________ | |||
| Name _____________________________ | |||
| Address ___________________________ | |||
| 2. Signature __________________________ | |||
| Name ______________________________ | |||
| Address ___________________________ |