Bodh 79

Proceedings dated 04.04.2022 Sh. Saurabh Mishra is present on behalf of the promoter. Ms. Neeraj Gautam, Associate Architectural Executive briefed the facts of the case. The promoter is directed to attend the deficiencies before ethe next date of hearing. The matter to come up on 07.04.2022

The Promoter has submitted an application in the authority vide central receipt no. 14915/30771 dated 07.04.2022 to prepone the hearing date keeping in view of the sacred and sacrosanct time of Chaitra Navratri. Sh. Saurabh Mishra (Manager) is present on behalf of the promoter. Ms. Neeraj Gautam, Associate Architectural Executive briefed the facts of the case. The Promoter has made the requisite changes in online DPI and REP-I (Part A-H) and the hard copies of the same shall be submitted in the authority within one week. The AR of the promoter undertakes that the applications for approval of environmental clearance, service plans and estimates and fire scheme have been made in the concerned departments and the approvals of the same are still awaited. The AR  states that  the equitable mortgage has only been created and the RERA account with 70% of the collections is absolutely charge/lien free and shall only be used for the project and lender of the promoter namely CSL Finance Limited further undertakes vide letter dated 07.04.2022 that as per section 11(4)(h) of the Real Estate (Regulation  and Development), 2016, after the execution of registered agreement by the borrower in favour of any allottees for sale of any apartment, plot or building, as the case may be, on which charge/mortgage has been created by the borrower in favour of lenders, then such apartment, plot or building, as the case may be will not be part of mortgage or charge subject to receipt of entire sale consideration from buyer/allottees for such apartment, plot or building, as the case may be in RERA Escrow Accounts. The authority decides to grant registration to the promoter subject to the submission of bank guarantee of Rs. 10 lakhs on account of approved fire scheme and submission of bank guarantee of Rs. 10 lakhs on account of approved service estimates and plans or security cheque of Rs. 25 lakhs on account of submission of approved fire scheme and approved service estimates and plan within one week from the date of grant of registration and submission of approved environmental clearance, fire scheme and service estimate plans and estimates within three months from the date of grant of registration. This bank guarantee shall be forfeited in case of failure to submit the approved fire scheme and approved service plans and estimates within three months from the date of grant of registration.