M9 Square

Sh. Ashish Kush, Planning Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Kapil Bhardwaj (AR) and Ms. Megha Solanki (Advocate) are present on behalf of the promoter. The Authorized Representative of the promoter submits that an application dated 13.08.2026 has been submitted in the Authority seeking registration of the project namely “M9 Square”. The license no. 136 of 2022 dated 08.09.2022 valid upto 07.09.2027 was issued by DTCP in favour of M/s Active Promoters Pvt. Ltd. and others in collaboration with M/s Worldwide Resorts and Entertainment Pvt. Ltd. for the development of Industrial Plotted Colony over an area admeasuring 118.15 acres. Further, the building plans of the Distinct Commercial component (Commercial 4) have been approved. Now, the promoter has applied for registration of distinct commercial component (Commercial 4) having an area admeasuring 0.218 acres (882.28 sqm) under Section 4 of the Act, 2016. The AR further submits that presently, Fire Scheme Approval has not yet been obtained as on date. Further, the AR of the promoter undertakes to obtain and submit the Fire Scheme Approval within 4 months from the date of grant of registration Certificate. Further, he undertakes to submit a Demand Draft/Bank Guarantee amounting to Rs. 25 lakhs as a security deposit for timely compliance with the above requirement. It is also expressly undertaken that in the event of failure to obtain and submit the aforesaid approval within the stipulated time frames, the 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 approval as on date. In view of the above, and in the interest of regulatory compliance, the Authority hereby directs that the promoter shall submit a Demand Draft/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 Fire Scheme Approval within 4 months from the date of grant of registration Certificate. In the event of non-submission of the above approval within the prescribed time frames, the 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 31. The registration Certificate shall be issued after submission of remaining deficiencies mentioned at S. No 31 including correction in A-H form, Online DPI and submission of a BG/DD of Rs. 25 lakhs for submission of Fire Scheme Approval within the timeframe mentioned above.