Pataudi Greens

Ar. Neeraj Gautam, Associate Architectural Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Harish Yadav (AR) and Sh. Ami Kumar (AR) appeared on behalf of the promoter. Sh. Gopal Krishan Yadav, Smt. Tara and Sh. Shri Niwas appeared on behalf of the landowners. The site of the project was visited by the concerned executive and it is noted that presently, the site is accessible through 6 Karam wide Pataudi- Khor road and the proposed 24 m wide road is yet to be developed. The Authorized Representative of the promoter submits that presently, the road access permission 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 the same within 4 months from the date of issuance of registration certificate. He further 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. 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 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.       Road access permission: within 4 months from the date of issuance of registration; and b.      Approved Service Plans and Estimates: within 4 months from the date of issuance 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. The registration of the project is approved as proposed subject to rectification of form REP-I and DPI; submission of approved service plans & estimates and road access permission within 4 months of issuance of registration certificate. Further, a declaration regarding existing access to the site from 6 Karam wide revenue road shall be part of the advertisement and brochure. The registration certificate shall be issued with the condition to be mentioned in the registration certificate regarding declaration of existing accessibility of the site and after the rectification/ submission of the above documents and submission of three BG/DD of Rs. 25 lakhs each for submission of approved service plans & estimates and road access permission within the timeframe mentioned above.