Elaira Residences Phase - 2 & 2A

Ms. Deepika, Planning Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of the case. Sh. S.K Kaushik (VP), Sh. Mukesh Tripathi (AR) & Sh. Ajay Gupta (AR) are present on behalf of the promoter. The AR of the promoter proposes to submit the DD/BGs of Rs. 25 lakhs each as security to submit the Environment clearance & Fire scheme approval within 6 months of grant the registration. It is also expressly undertaken that in the event of failure to obtain and submit the aforesaid approvals within the stipulated time frames, the said security amount(s) shall be liable to be forfeited by the Authority. The AR requests to grant registration to the project subject to the submission of Environment clearance & Fire scheme approval within 6 months, and mining permission before commencement of construction and above DD/BG’s along with remaining deficiencies before issuance of the certificate. 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 submission of proposal to submit the Demand Draft / Bank Guarantee, amounting to Rs. 25,00,000/- each (Rupees Twenty-Five Lakhs only) in lieu of timely submission of Environment clearance & Fire scheme approval, in favour of the Authority, the promoter is directed to submit of following approvals: A.      Environment clearance: within 6 months from the date of grant of registration; and B.      Fire scheme approval: within 6 months from the date of grant of registration; and C.      Mining permission: before commencement of construction In the event of non-submission of Environment clearance & Fire scheme approval within the prescribed time frame, the corresponding security amount shall stand forfeited by the Authority, and the failure to submit any of the above approvals/ permissions within the prescribed timeframe may also attract additional regulatory action as permissible under the Act of 2016, Rules and Regulations made thereunder. Approved as proposed subject to rectification of deficiencies mentioned above. The Registration Certificate shall be issued after deposition of above BG/DDs and rectification of other deficiencies as listed above at S. No. 36.