M3M Residences By Elie Saab

Sh. Ashish Kush, Planning Executive briefed about the facts of the case. Sh. Abhijeet Singh (AR), Sh. Manik Sharma (AR) and Sh. Bharat Vigmal (AR) are present on behalf of the promoter. The Authorized Representative of the promoter submits that an application dated 04.06.2026 has been submitted in the Authority seeking amendment of the existing Registration Certificate No. 95 of 2025 dated 16.10.2025, which is valid up to 29.02.2032 (as per the declared timeline for completion of the project under Section 4(2)(l)(C) of the Act, 2016) due to revision in the building plans. Presently, Fire Scheme Approval and Revised service plans and estimates have not yet been obtained as on date. Further, the AR of the promoter undertakes to obtain and submit: i.       Fire Scheme Approval and Revised Service Plans and Estimates within 6 months from the date of grant of addendum to registration Certificate. Further, he undertakes to submit two Demand Drafts/Bank Guarantees 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 approvals within the stipulated time frames, the corresponding security amount(s) 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 two separate Demand Drafts/Bank Guarantees, each amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only), in favour of the Authority, as security amounts for timely submission of the following approvals: a.       Fire Scheme Approval: within 6 months from the date of grant of addendum to registration Certificate. b.      Revised Service Plans and Estimates: within 6 months from the date of grant of addendum to registration Certificate In the event of non-submission of any 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. Approved as proposed subject to rectification of deficiencies mentioned above at S. No 38. The addendum to registration Certificate shall be issued after submission of remaining deficiencies mentioned at S. No 38 including correction in A-H form, Online DPI and submission of two BG’s/DD’s of Rs. 25 lakhs each for submission of Fire Scheme approval and Revised Service plan and Estimates within the timeframe mentioned above.