Cocoa County Phase 02

Sh. Sumeet, Engineering Officer and Ms. Asha, Chartered Accountant briefed about the facts of the case. Sh. Sandip Pandit, Sh. Gaurav Aggarwal, Sh. Amit Kaushik, Sh. Chaitanya Vats, Sh. Himanshu Gupta and Sh. Sushil Kumar (AR’s) are present on behalf of the promoter. The Authorized Representative (AR) of the promoter detailed the title of the project land from inception to till date along with sale of apartments in Phase 1 as well as consent of two-third allottees. The AR of the promoter further states that they have submitted the partial reply to the deficiencies pointed out by the Authority and will submit the remaining deficit documents within two days. In view of the above, the promoter is directed to submit the deficit documents along with the detailed representation as enunciated by the AR of the promoter today during hearing with respect to the title chain of the project land as well as history of licenses involved in the said project. Further, the concerned official is directed to visit the site of the project including the Phase 1 which is alleged to be delivered to the allottees by the promoter herein. The matter is adjourned and to come up on 07.09.2026.

Sh. Sumeet, Engineering Officer and Ms. Asha, Chartered Accountant briefed about the facts of the case. Sh. Sandip Pandit, Sh. Gaurav Aggarwal, Sh. Amit Kaushik, Sh. Chaitanya Vats, Sh. Himanshu Gupta and Sh. Sushil Kumar (AR’s) are present on behalf of the promoter. The Authorized Representative of the promoter states that they have submitted an affidavit affirming that if any, claim arises in respect of any booking/sale etc. by the erstwhile promoters, the applicant promoter shall be responsible for the same. Further, water connection and assurance for sewerage connection have been obtained for 14 acres licensed land and the said assurance/connection shall cater the requirement for complete license area for the project. He further states that the environment clearance, fire scheme approval, service plan and estimates approval, approved electrification plan, road access permission and mining permission are under process, and the said approvals have not yet been obtained as on date. Further, the Authorized Representative of the promoter undertakes to obtain and submit: i.           Environment clearance, fire scheme approval, service plan and estimates approval within 6 months from the date of grant of registration; ii.         Approved Electrification plan and road access permission within 6 months from the date of grant of registration; and iii.       Mining permission before start of construction of project. Further, he undertakes to submit three separate BG amounting to Rs. 25 lakhs each, 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 frame, the said security amount shall be liable to be forfeited by the Authority. The Authority has taken note of the submissions made by the AR of the promoter regarding the non-availability of the aforesaid statutory approvals as on date. In the event of non-submission of the above approval within the prescribed time frames, 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: 1.      Approved electrification plan and road access permission within 6 months from the date of grant of registration; 2.      Mining permission before start of construction of project. With regard to no booking/sale by Erstwhile promoter, the applicant promoter is directed to submit the revised affidavit from the director/managing director of the promoter company. Approved as proposed subject to rectification of deficiencies mentioned above. The amendment in registration is without prejudice to the rights of the existing allottees under the provisions of Act of 2016, Rules and Regulations made thereunder. Further, a condition to the effect of submission made in the affidavit by the applicant promoter regarding no booking/sale by Erstwhile promoter, shall also the incorporated in the registration certificate. The Registration Certificate shall be issued after submission of correction in Form A–H, correction in online DPI, and Affidavit of director/managing director, along with the other remaining deficiencies mentioned at S. No. 36.