Palm Drive 2

Sh. Ashish Kush, Planning Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of the case. Sh. Bijendra Pal Singh and Sh. Aaryaman Singh are present on behalf of the promoter. The Authorized Representative of the promoter states that the site is accessible from 8 Karam wide road which is existing and is further connecting to Pataudi Bypass Road. Since, the DTCP has issued the license bearing no. 134 of 2025 on the basis of licensing policy parameters of the Department, the site shall have access from 30m wide sector road in future when constructed but the present access is only through 8 karam revenue rasta. Further, the Authorized Representative of the promoter submits that presently, Approved service plans are under process and the said approval has not yet been obtained as on date. Further, the AR of the promoter undertakes to obtain and submit the Approved Service Plans and Estimates within 4 months from the date of grant of registration. Further, he undertakes to submit the Demand Draft/ Bank Guarantee amounting to Rs. 25 lakhs 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 approval within the stipulated time frame, the said 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 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 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 Approved Service Plans and Estimates within 4 months from the date of grant of registration.   In the event of non-submission of the above approval within the prescribed time frame, the said 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 is directed to disclose in the advertisement and brochure at the time of publication that the site shall have access from 30m wide sector road in future when constructed but the present access is only through 8 karam revenue rasta. Approved as proposed subject to rectification of deficiencies mentioned above. The Registration Certificate shall be issued after submission of remaining deficiencies mentioned above including correction in A-H form, Online DPI and submission of the BG/DD of Rs. 25 lakhs for submission of Approved Service plan and Estimates within the timeframe mentioned above.