Suncity's Monarch Residences

Sh. Ashish Kush, Planning Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of the case. Sh. Arpit Goel, Sh. Navneet Kumar, Sh. Ravi kant Kumar and Sh. Virender Singh Bansal are present on behalf of the promoter. The Authorized Representative of the promoter submits that presently, Revised Environment Clearance, Fire Scheme Approval, service plans and estimates and Road access permission 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: i.        The Revised Environment Clearance within 6 months from the date of grant of registration. ii.      The Fire Scheme Approval and Revised Service Plans and Estimates within 4 months from the date of grant of registration. iii.    The Road access permission within 2 months from the date of grant of registration. He has submitted two DD vide no. 516304 and 516305 dated 06.01.2026 amounting to Rs. 25 lakhs as a security amount for submission of Fire Scheme Approval and Service plan and Estimates within 4 months from the 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 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 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 a separate Demand Draft / Bank Guarantee, 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.       Revised Environment Clearance within 6 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. 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 Revised Environment Clearance within the timeframe mentioned above.