Sapphire Residences

The matter is adjourned to 07.02.2024 at 03:30 PM.

Sh. Ashish Kush, Planning Executive briefed about the facts of the case. Sh. Sanjay Gupta (AR) and Sh. Akshat Gupta (AR) are present on behalf of the promoter. The AR of the promoter states that the mining permission will be obtained before starting excavation work and access to the project is from HSVP internal road and prior road access permission is required if the access is from sector road. So far, as the issue regarding the irrevocable clause in the Collaboration agreement, it was stated by the AR that in terms of Clause 3(b) of the Collaboration agreement, an irrevocable GPA has been signed simultaneously with the Collaboration agreement and As per Para 22 of GPA it has been clearly stated that the said that “the present Power of Attorney is irrevocable and the Executant shall ratify all acts, deeds, and things done in pursuance of the General Power of Attorney including the appointment of further Attorney(s)” and in respect of Land title search report, it is submitted by the AR of the promoter that no further Jamabandi after 1996-1997 have been generated. Further, DTCP has granted the license after ascertaining the title of land as well as the collaboration agreement and GPA alongwith other requisite approvals. Further, minor correction in allottees related draft documents will be done within two days. Approved as proposed. The registration certificate shall be issued after the submission of above deficiencies.