Godrej Verano

Ms. Deepika, Planning Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Gautam Babbar (Region Head), Sh. Gaurav Gupta (Project Director), Ms. Anjana Kumari (AR), Ms. Pranjali Goel (AR) & Sh. Ranjit Bhambhu (AR) is present on behalf of the promoter. The Authorized Representative of the promoter submits the erstwhile promoter, M/s Fortunea Infrastructure LLP, has affirmed that no building plans were ever sanctioned, no development activity was ever commenced, no third-party rights were ever created or undertaken, and the project was never registered with the Authority under the Real Estate (Regulation and Development) Act, 2016, in respect of the land covered under License No. 116 of 2021. An affidavit of the erstwhile promoter in this regard shall be submitted in the Authority within 2 days. The Authorized Representative further submits that, as on date, only the boundary wall work is being carried out at the project site. It is also submitted that the project site is connected through a 24-meter wide metaled and motorable road. Accordingly, no separate road access permission is required, and an affidavit to this effect has already been submitted in the Authority. Further states that the fire scheme approval, approved electrification plan, 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.     Fire Scheme approval & Approved Service Plans & Estimates within 6 months from the date of grant of registration;                     ii.    Approved Electrification plan within 3 months from the date of grant of registration; and                   iii.    Mining permission before start of construction of project. Further, he undertakes to submit the two separate Demand Drafts 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 frames, the corresponding 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 view of the above, and in the interest of regulatory compliance, the Authority hereby directs that the promoter shall submit the two separate Demand Drafts amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only) each, in favour of the Authority as security amounts for timely submission of fire scheme approval and approved service plans and estimates within 6 months from the date of grant of registration. In the event of non-submission of the above approvals 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 within 3 months from the date of grant of    registration; 2.      Mining permission before start of construction of project.   Approved as proposed subject to rectification of deficiencies mentioned above at S.no. 36. The Registration Certificate shall be issued after submission of the remaining deficiencies mentioned above at S.no. 35 including correction in Form A–H, online DPI and submission of two separate Demand Drafts of Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only) each for submission of Fire Scheme approval and Approved Service Plans and Estimates within the time frame mentioned above, along with the deficiency mentioned at S. No. 36.