Delphine Central Park Estates Phase I

Ms. Deepika, Planning Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Saurabh Bhardwaj (AR) and Ms. Pragya (AR) are present on behalf of the promoter.   The Authorized Representative of the promoter submits that presently, the environment clearance and mining permission are under process and the said approvals have not yet been obtained as on date. Further, the AR of the promoter undertakes to obtain and submit: i.       The approved environmental clearance within 3 months from the date of grant of registration. ii.     Mining permission before the start of construction. Further, he undertakes to submit Demand Drafts / Bank Guarantees 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 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 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 the Demand Drafts / 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 the approved environmental clearance within 3 months from the date of grant of registration; In the event of non-submission of any 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 also submit the mining permission before the start of construction. Approved as proposed subject to rectification of deficiencies mentioned above. The Registration Certificate shall be issued after submission of remaining deficiencies mentioned above including correction in A-H form, Online DPI and submission of BG/DD of Rs. 25 lakhs for submission of approved environment clearance within the timeframe mentioned above.