ONE42 Golf Course Road

Proceedings dated: 19.01.2026.Sh. Shashank Sharma, Associate Engineer Executive and Mr. Ashish Dubey, Chartered Accountant briefed about the facts of the case.Sh. Suneet Puri (Director), Sh. Ajay Kumar (AR) is present on behalf of the promoter.The Authorized Representative of the promoter submits that an application dated 23.12.2025 has been submitted before the Authority seeking amendment of the existing Registration Certificate No. 120 of 2024 dated 16.12.2024, which is valid up to 31.12.2032. The AR further submits that the revised building plans of the said project were approved by the competent authority on 14.10.2025 and that the number of existing dwelling units as well as the sanctioned FAR remain unchanged. However, certain modifications have been made to the project layout, namely:i.         The number of basements has been increased from 3 to 4;ii.       The number of car parking spaces has been increased from 421 to 428; andiii.     The area of the community building has also been enhanced.The Authorized Representative of the promoter also submits that presently, Approved Revised Environmental Clearance, Revised Fire Scheme Approval and Mining Permission are under process and the said approvals have not yet been obtained as on date. The AR of the promoter undertakes to obtain and submit:i.          The Approved Revised Environmental Clearance within 5 months from the date of grant of amendment of registration;ii.       Revised Fire Scheme Approval within 4 months from the date of grant of amendment of registration; andiii.     Mining permission before the start of construction at the site.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) & (ii). 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 Authorized Representative of the promoter further submitted that, at the time of project registration, the promoter had declared the timeline for completion of the project under Section 4(2)(l)(C) of the Act, 2016 as 31.12.2032. It was further submitted that, till date, no construction has commenced at the project site, as the Building Plan (BR-III) were under revision and has been approved recently by the concerned department with a major revision involving an increase in the number of basements. Owing to the said major revision, construction activity could not be initiated. Accordingly, the promoter has now declared an extended timeline under the said provision as 31.12.2034 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 the promoter to 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.  Revised Fire Scheme Approval: within 4 months from the date of grant of amendment of registration; and              b.  Approved Revised Environmental Clearance: within 5 months from the date of grant of amendment 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. Further, the promoter shall submit the requisite mining permission prior to commencement of construction at the site. Since the building plans (BR-III) have been revised, involving a major change with an increase in the number of basements, and construction could not be commenced due to the same, the request for amendment by the promoter regarding the timeline for completion of the said project under Section 4(2)(l)(C) of the Act, 2016 as 31.12.2034 is hereby allowed.Approved as proposed subject to rectification of deficiencies mentioned above.The Addendum Certificate shall be issued after submission of remaining deficiencies mentioned above including correction in A-H form, Online DPI and submission of two DD’s/BG’s of Rs. 25 lakhs each for submission of Revised Fire Scheme approval and Approved Revised Environmental Clearance within the timeframe mentioned above.