UNDERTAKING-CUM-INDEMNITY AT POSSESSION
I, Aarav Sharma, of House No. 211, Sector 21, Panchkula (the "Buyer"), give this undertaking and indemnity to ABC Developers Private Limited, of SCO 10, Sector 17, Chandigarh (the "Builder"), on 1 April 2026 at Panchkula.
- 1. I am the allottee of Flat No. 304, Tower B in the Builder's project Green Park Heights under the agreement dated 2 April 2026. I took possession of the unit on 3 April 2026.
- 2. I undertake that I will:
(a) use the unit for residential purposes only;
(b) pay the maintenance and other charges for common services to the project's maintenance agency, or the residents' association once it is formed when they fall due, as the agreement and the law allow;
(c) not change the structure, the outer look or the common areas of the building without the written permission of the Builder or the association and every approval the law requires; and
(d) follow the lawful rules for the use of the building and its common areas.
- 3. If the Builder suffers a loss or has to pay a claim to a third party because I break this undertaking, I will make good the loss the Builder proves, after giving me notice of the claim and a fair chance to deal with it.
- 4. Nothing in this undertaking gives up any right of mine under the agreement or the real estate law. This includes my rights about delay, the area of the unit, defects and the refund of any excess charge, and my right to approach the Real Estate Regulatory Authority or a court. This undertaking does not reduce what the Builder must do under the agreement and the law.
- 5. The Builder's duties under the agreement continue, including repair of defects and execution of the conveyance deed, as the agreement and the law require.
- 6. Any dispute under this undertaking may be taken to the courts at S.A.S. Nagar (Mohali) or to the Real Estate Regulatory Authority, as the law allows.
Signature: ______________________________
BUYER: Aarav Sharma
Witness 1: ______________________________ Name and address: ______________________________
Witness 2: ______________________________ Name and address: ______________________________