Signature Global Sarvam At Dxp Estate

Proceedings dated: 03.11.2025.Sh. Shashank Sharma, Associate Engineer Executive and Ms. Asha, Chartered Accountant briefed about the facts of the case.Sh. Vineet Maheshwari (AR), Sh. Siddharth Kapoor (AR), Sh. Vedant Batra (AR) are present on behalf of promoter.The Authorized Representative of the promoter submits that presently, Approved Environmental Clearance Fire Scheme Approval, Approved service plans and estimates and Mining Permission are under process and the said approvals have not yet been obtained as on date. Further, they have submitted the Bank Guarantee (BG) to DTCP amounting to Rs. 3,16,59,000/- vide BG no OGT0005240003849 dated 17.08.2025 valid up to 16.08.2030 and Rs. 40,00,000/- vide BG no OGT0005250009648 dated 19.09.2025 valid up to 18.09.2030 against IDW (Service estimate). The AR of the promoter further undertakes to obtain and submit:i.          The Approved Environmental Clearance & Fire Scheme Approval within 4 months from the date of grant of registration;ii.        Approved Service Plans and Estimates within 4 months from the date of grant of registration;iii.      Approved Electrification plan within 6 months from the date of grant of registration; andiv.      Mining permission before the start of construction.Further, he undertakes to submit two Demand Drafts amounting to Rs. 25 lakhs each, as a security deposit for timely compliance with the above requirements at point (i). 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 submits that road is already connected to the said project and they do not require the road access permission from the concerned department and regarding storm water assurance rain water harvesting pits are being proposed for rain water recharge within the project premises as per approved site plan and they do not require the storm water assurance from the concerned department. 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, 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.  Fire Scheme Approval: within 4 months from the date of grant of registration; and              b.  Approved Environmental Clearance: within 4 months from the date of grant 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:a.       Approved Service Plans and Estimates within 4 months from the date of grant of registration;b.       Approved Electrification plan within 6 months from the date of grant of registration; andc.        Mining permission before start of construction.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 two DD’s of Rs. 25 lakhs each for submission of Fire Scheme approval and Approved Environmental Clearance within the timeframe mentioned above