Precore City(DDJAY)

Proceedings dated: 02.07.2021 Sh. Gajender Singh Bhatti, Planning Executive briefed the facts about the project. Sh. Vijay Kumar (Authorised representative) is present on behalf of the promoter. The Promoter M/s M.V. Buildcon Pvt. Ltd. who is also a license holder applied for the registration of real estate project namely “Precore City” located at Sector-07, Sohna, Gurgaon under section 4 of the Real Estate (Regulations and Development) Act, 2016 vide central receipt no. 10267/19574 dated 13.05.2021 and RPIN-331. The Temp I.D. of REP – I (Part A-H) is RERA -GRG-PROJ-684-2020. The project area for registration is same as that of the licensed area i.e. 8.28125 acres for which Director, Urban Local Bodies, Haryana has granted the license for the development of Affordable Residential Plotted Colony Under Deen Dayal Jan Awas Yojana – 2016 vide license no – DULB/CTP/TP-SOHNA/2020/1996 dated 13.03.2020 and there are a total of 178 plots out of which 94 plots are frozen and 84 plots are unfrozen, moreover 30 plots (15% of saleable Area) are mortgaged against the completion of IDW services in the project area as per the DDJAY policy. The application for registration was scrutinized and 1st deficiency notice vide notice no. HARERA/GGM/RPIN/331 dated 29.05.2021 was issued to the promoter with an opportunity of being heard on 07.06.2021, but due to some technical issues the matter was adjourned due to technical issues and matter was to come up on 08.06.2021. On 2nd hearing dated 08.06.2021 the promoter had requested seeking adjournment due to COVID – 19 Pandemic and closure of Corporate offices, and authority accepted the request and next date of hearing is fixed for 06.07.2021, however as per the orders of the authority, the matter was refixed to 02.07.2021. Sh. Vijay Kumar, Director of M.V.Buildcon Pvt. Ltd. is present who informs that certain compliances have been made and reply to the notice dated 29.05.2021 submitted today. The office is directed to examine the same and AR is advised to submit compliance of the remaining deficiencies already conveyed along with entry of the requisite details in online DPI before the case is further considered.   The AR requests for 15 days’ time to complete the above. The matter to come up on 20.07.2021. Dr. K.K. Khandelwal (Chairman) Samir Kumar (Member) Vijay Kumar Goyal (Member)

The Promoter M/s M.V. Buildcon Pvt. Ltd. who is also a license holder applied for the registration of real estate project namely “Precore City” located at Sector-07, Sohna, Gurgaon under section 4 of the Real Estate (Regulations and Development) Act, 2016 vide central receipt no. 10267/19574 dated 13.05.2021 and RPIN-331. The Temp I.D. of REP – I (Part A-H) is RERA -GRG-PROJ-684-2020. The project area for registration is same as that of the licensed area i.e. 8.28125 acres for which Director, Urban Local Bodies, Haryana has granted the license for the development of Affordable Residential Plotted Colony Under Deen Dayal Jan Awas Yojana – 2016 vide license no – DULB/CTP/TP-SOHNA/2020/1996 dated 13.03.2020 and there are a total of 178 plots out of which 94 plots are frozen and 84 plots are unfrozen, moreover 30 plots (15% of salable Area) are mortgaged against the completion of IDW services in the project area as per the DDJAY policy. The application for registration was scrutinized and 1st deficiency notice vide notice no. HARERA/GGM/RPIN/331 dated 29.05.2021 was issued to the promoter with an opportunity of being heard on 07.06.2021, but due to some technical issues the matter was adjourned due to technical issues and matter was to come up on 08.06.2021. On 2nd hearing dated 08.06.2021 the promoter had requested seeking adjournment due to COVID – 19 Pandemic and closure of Corporate offices, and authority accepted the request and next date of hearing is fixed for 01.07.2021, however the matter was adjourned to 02.07.2021 Due to COVID-19 Pandemic, and on 02.07.2021.  Sh. Vijay Kumar, Director of M.V. Buildcon Pvt. Ltd. was present on behalf of the promoter who informs that certain compliances have been made and reply to the notice dated 29.05.2021 was submitted on the day of hearing i.e. 02.07.2021. The office was directed to examine the same and AR is advised to submit compliance of the remaining deficiencies already conveyed along with entry of the requisite details in online DPI before the case is further considered. The AR requested for 15 days’ time to complete the above and the matter was adjourned to 20.07.2021.   The reply submitted by the promoter dated 02.07.2021 is examined and deficiencies which are still pending on behalf of the promoter are as under:- 1. Online corrections in REP-I (Part A-H) needs to be done. 2. Corrections in detailed project information needs to be done. 3. Legal capacity of the promoter applying for registration of the project needs to be clarified. 4. Approvals for sewage disposal, storm water drainage, water supply from competent authority needs to be submitted. 5. Copy of electrical load availability NOC not submitted. 6. Draft conveyance deed not submitted. 7. Copy of superimposed demarcation plan on approved layout plan on A1 sheet not submitted. 8. PERT Chart needs to be submitted. 9. Brochure of the projects needs to be submitted. 10. Collaboration agreement submitted by the promoter needs to be registered. 11. Bank undertaking needs to be provided. 12. Cost of infrastructure development charges needs to be Corrected. 13. Value of estimated sale proceeds needs to be provided in the DPI. 14. CA Certificate for the equity infused by the promoter needs to be provided. 15. Quarterly schedule of estimated expenditure needs to be corrected. 16. Quarterly schedule of sources of funds needs to be corrected. 17. Net cash flow statement needs to be corrected. 18. Unique document identification no. for non-default certificate issued by chartered accountant needs to be provided. 19. Copy of project report needs to be submitted. 20. As per the directions to the builder/promoter with regard to opening of bank accounts as per provisions of RERA the promoter shall open three bank accounts i.e. Master account, separate RERA compliant account, free account in the same bank branch, however as per part H of the DPI same account numbers has been provided by the promoter. Hence all the three accounts needs to be provided. 21. KYC of the project consultant i.e engineer, architect, chartered accountant needs to be provided.   Reply has been submitted. Most of the deficiencies have been completed. The Authority decided to grant the registration subject to correction in online DPI and Submission of requisite documents Samir Kumar (Member)  Vijay Kumar Goyal (Member)Dr. K.K. Khandelwal (Chairman)