Aqva The Reserve

Ar. Neeraj Gautam, Associate Architectural Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of the project. Sh. Kamal (Director), Sh. Abhishek Kundu (Director) and Sh. Ravi Yadav (AR) are present on behalf of the promoter. The Authorized Representative (AR) of the promoter states that the approvals i.e., service plans and estimates, construction water NOC and road access permission are under process and have not yet been obtained as on date. Further, the Authorised Representative states that 66 KV HT line is going through the project and at present the plans/ drawings regarding shifting of the same have been approved. Since the process of shifting the powerline is time taking, therefore, in accordance with the condition imposed in the zoning plan by the Department of town and Country Planning, Haryana (DTCP), the plots falling under ROW of 66 KV HT line shall be kept frozen till shifting of same. Further, the AR of the promoter undertakes to obtain and submit: i.           Approved Service Plans and Estimates within 6 months from the date of grant of registration; ii.         Construction water NOC within 4 months; and iii.       Road access permission within 4 months from the date of grant of registration. Further, he undertakes to submit a Demand Draft/Bank Guarantee amounting to Rs. 25 lakhs, as a security deposit for timely compliance with the above requirements at point (i). It is also expressly undertaken that in the event of failure to obtain and submit the aforesaid approval within the stipulated time frames, the said security amount shall be liable to be forfeited by the Authority. The Authority has taken note of the submissions made by the Authorized Representative of the promoter regarding the non-availability of the aforesaid statutory approvals as on date. In view of the above, and in the interest of regulatory compliance, the Authority hereby directs that the promoter shall submit a Demand Draft/Bank Guarantee amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only), in favour of the Authority, as security amount for timely submission of Approved Service Plans and Estimates within 6 months from the date of grant of registration. In the event of non-submission of the above approval within the prescribed time frame, the corresponding security amount shall stand forfeited by the Authority, and such failure may also attract additional regulatory action as permissible under the Act of 2016, rules and regulations made thereunder. Further, the promoter shall submit the construction water NOC and road access permission within 4 months from the date of grant of registration. Approved as proposed subject to rectification of deficiencies mentioned above at S. No. 32. Further, the promoter shall submit a notarized affidavit through its M.D that no third- party rights of any kind shall be created on the plots falling under the 66KV HT line, till shifting of the same and obtaining the defreeze order from DTCP and intimation of the same to the Authority. A condition to this effect shall also be incorporated in the registration certificate. The Registration Certificate shall be issued after submission of remaining deficiencies mentioned above including correction in A-H form, Online DPI and submission of a BG/DD of Rs. 25 lakhs for submission of approved service plan and estimates within the timeframe mentioned above.