Daxin Gurugram's X Factor

Sh. Shashank Sharma, Associate Engineer Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of the case. Sh. Ravi Aggarwal (Director), Sh. Sanjay Kumar Varshney (ED), Siddhartha Kapoor (AVP), Sh. Vedant Batra (CS) and Sh. Naveen Kumar (Architect) are present on behalf of the promoter. Sh. Ravi Aggarwal (Director) states that the revenue sharing with the landowner collaborator is in ratio of 69:31 percent but the withdrawal shall be only in proportion to the land cost from the 70% account and an affidavit to this effect is already submitted in the Authority. The requisite access permission from NHAI has already been obtained and the BG for approval of SPE has already been submitted to DTCP and the approved SPE shall be submitted within two months.  The environment clearance is also applied, and final approval will be submitted within four months and online transaction of Rs. 25 lakhs have already been made to the Authority as a security amount and assurance for its submission within stipulated time, failing which it shall be forfeited. All the services shall be provided and maintained by the promoter until their provisioning by public authorities and a declaration to this effect shall be published in the brochure. Approved as above. The RC shall be issued after rectification of minor deficiencies in form A to H and DPI.