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Ms. Deepika, Planning Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Shyamrup Choudhary (Director), Sh. Sanchit Bahl (Director) & Sh. Yatin Dev (AR) are present on behalf of promoter and states that company i.e., M/s Forsythia Propbuild Pvt. Ltd. is a wholly owned subsidiary company of M/s Emaar India Limited and had done collaboration with M/s Boxacres Developers Pvt. Ltd. pursuant to the Joint Development Agreement executed in 2021 for the said project. The director present further submits that Environmental Clearance, Approved Service plans and estimates, mining are yet to be obtained as on date. Further, the AR of the promoter undertakes to obtain and submit: i.   Environmental Clearance & Service Plans and Estimates approval within 4 months from the date of grant of registration & ii.  Mining permission before commencement of construction at the site. Further, he undertakes to submit the two Demand Drafts/ Bank Guarantees 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 frame, 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 director 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 Environmental Clearance as well as Approved Service Plans and Estimates 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 the mining permission before start of construction at site and a condition to this effect shall also be incorporated in the Registration Certificate. Approved as proposed subject to rectification of deficiencies mentioned above at S. No. 35. The Registration Certificate shall be issued after submission of corrections in A-H form, Online DPI, along with the other remaining deficiencies mentioned at S. No. 35 and submission of two DD’s/BG’s of Rs. 25 lakhs each for submission of Approved Environmental Clearance and Approved Service Plans & Estimates within the timeframe mentioned above.