Nakshatra By Nowara

Ms. Nikita Mittal, Planning Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Piyush Jain (Managing Partner), Sh. Manoj Kumar (CEO), Sh. Rounak Kumar Bansal (VP) are present on the behalf of the promoter. Smt. Sudesh is present on the behalf of the landowner. The AR of the promoter states that few documents were filed with the Authority on the previous Friday i.e., 05.12.2025. The concerned official is directed to examine the said documents. The AR of promoter states that the site is accessible through existing 5-karam-wide road, which will be widened to a 24-meter road as per the approved development plan and they will construct the part of the 24-meter road that falls on their land at its own cost and other promoters will also construct their portions falling on their respective lands. Further, the promoter will gift the land on which the said 24-meter road is to be constructed to the Government through a Gift Deed for the affordable group housing project (8.84375 acres, License No. 73 of 2025 dated 22.05.2025, Farrukhnagar, Sector-3, Gurgaon). Accordingly, the authority directs the promoter to submit an undertaking regarding the same. Further, the AR of the promoter states that HT line is passing through the project site and ROW has been maintained and further measures will be taken to shift the HT line underground with the concerned department. Meanwhile, the promoter is directed to disclose these details (recent road access and HT line) in the advertisement and brochure, and the same conditions shall be incorporated into the registration certificate.The Authorized Representative of the promoter submits that presently, the Environment clearance, Fire Scheme Approval and Approved service plans and estimates 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 6 months from the date of grant of registration, andii.  The Fire Scheme Approval and Approved Service Plans and Estimates within 4 months from the date of grant of registration.Further, he undertakes to submit three Demand Drafts / Bank Guarantees amounting to Rs. 25 lakhs each, as a security deposit for timely compliance with the above requirements. 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 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 three 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.     Environmental Clearance: within 6 months from the date of grant of registration;b.     Fire Scheme Approval: within 4 months from the date of grant of registration; and c.     Approved Service Plans and Estimates: within 4 months from the date of grant of registration.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 Sr. No. 30. The Registration Certificate shall be issued after submission of remaining deficiencies mentioned above at Sr. No. 30 including corrections in A-H form, Online DPI and submission of three BG/DD of Rs. 25 lakhs each for submission of Approved Environment Clearance, Fire Scheme approval and approved Service plan and Estimates within the timeframe mentioned above.