The Estate Floors

An application regarding registration of residential floors project namely “The Estate Floors” situated at Pocket ‘E’, Anant Raj Estate, Sector-63A, Gurugram, Haryana being developed by M/s Anant Raj Limited was submitted on 13.07.2021 under section 4 of Real Estate (Regulation and Development), Act 2016. This application for registration is a part of the residential plotted colony which falls under license no. 119 of 2011 for area admeasuring 100.262 acres dated 28.11.2011 valid up to 27.12.2019 being issued in favour of Rose Realty Pvt. Ltd. and 12 others   in collaboration with M/s Anant Raj Limited. The part completion certificate of the 65.1125 acres was granted vide memo no. LC-2543-JE(S)-2014/8878 dated 05.05.2014 by the DTCP, Haryana and project comprises of the 42 plots out of which occupation certificate for 28 plots has been issued by the DTP, Gurgaon on 29.12.2017, 31.07.2018, 27.11.2018, 28.11.2018, 11.01.2019, 27.03.2019, 08.07.2019, 15.02.2020 and 29.05.2020.                              On scrutiny of the application, some of the major deficiencies/observations were observed which were conveyed to the promoter vide notice no. HARERA/GGM/RPIN/351 dated 20.07.2021. 2021. The promoter has submitted the reply dated 10.08.2021 which was scrutinized still the following document is still pending which are mentioned below: -     Major Deficiencies/Observations 1.      Online corrections in REP-I (Part A-H) needs to be done. 2.      Corrections in detailed project information needs to be done. 3.      Deficit fee Rs. 7,57,698/- 4.      Latest copy of Jamabandi, Mutation, Akshjra duly certified by revenue officer six months prior to date of application needs to be submitted. 5.      Renewal of license no. 119 of 2011 dated 28.12.2011 need to be submitted. 6.      Project report and brochure of the projects needs to be revised. 7.      Copy of non-encumbrance certificate certified by tehsildar of the Revenue department need to be submitted.   8.      Copy of land title search report need to be certified by advocate on the latest date. 9.      Copy of REP-II is not submitted.  10.  Renewed copy of Building plan BR-III of Plot nos. 07,08,27,28,29,30,31,32,33,34,35,36,42,44 and 45 need to be submitted. 11.  Copy of revised service plans and estimates of 110.20575 acres need to be provided. 12.  Copy of natural conservation zone NOC, tree cutting permission /NOC, forest land diversion and power line shifting NOC need to be submitted. 13.  Details of inventory plot wise needs to be submitted. 14.  Copy of superimposed demarcation plan on approved layout plan on A1 sheet not submitted. 15.  The Legal documents related to allottees are not in the proper format. The same needs to be provided. 16.  Since the applicant is the collaborator in the license therefore the landowner must be made conforming party in the BBA. Observations- Part-E-Project Cost/sale Proceeds 17.  Cost of land needs to be clarified for area of registration i.e., 2.66 acres. 18.  Loan sanction letter, disbursement schedule, repayment schedule, Form CHG-1, CHG-9 needs to be submitted for all type of loan i.e., Term Loans, Working Capital Loans. 19.  Cost of conversion charges, License fees, EDC, IDC needs to be mentioned as per Letter of intent, an annexure should be submitted mentioning each license and its value. 20.  Supporting document for the interest cost needs to be submitted. 21.  Financial resources of the project need to be clarified. 22.  Escrow agreement with the bank needs to be provided. Part H-Bank account details 23.  Keeping in view the provisions of section 4 (2) (l) (D) of the Real Estate (Regulation & Development) Act, 2016, promoter needs to provide an affidavit duly signed by the authorised signatory and witness. 24.  Bank undertaking needs to be provided. 25.  Board resolution authorising to approve the bank account needs to be submitted. Part-I-Quarterly schedule of physical and financial progress 26.  CA Certificate for expenditure incurred up to the date of application needs to be provided. 27.  Statement of quarterly estimated expenditure needs to be corrected. 28.  Statement of quarterly estimated sources of fund needs to be corrected. 29.  Statement of net cash flow needs to be corrected. 30.  CA Certificate for financial and inventory details needs to be submitted. PART-II Project Proponent 31.  TAN no. of the company needs to be submitted. 32.  KYC of Ashim Sarin needs to be submitted. 33.  KYC of consultant needs to be submitted. 34.  Copy of aadhar of Mr Manoj Pahwa needs to be submitted.  The promoter has requested for adjournment for 15 days to arrange the balance documents. Therefore, the authority has decided to grant 15 days’ time to comply with the pending deficiencies by 26.10.2021.The matter to come up 09.11.2021 at 3:00 p.m. An application regarding registration of residential floors project namely “The Estate Floors” situated at Pocket ‘E’, Anant Raj Estate, Sector-63A, Gurugram, Haryana being developed by M/s Anant Raj Limited was submitted on 13.07.2021 under section 4 of Real Estate (Regulation and Development), Act 2016. This application for registration is a part of the residential plotted colony which falls under license no. 119 of 2011 for area admeasuring 100.262 acres dated 28.11.2011 valid up to 27.12.2019 being issued in favour of Rose Realty Pvt. Ltd. and 12 others   in collaboration with M/s Anant Raj Limited. The part completion certificate of the 65.1125 acres was granted vide memo no. LC-2543-JE(S)-2014/8878 dated 05.05.2014 by the DTCP, Haryana and project comprises of the 42 plots out of which occupation certificate for 28 plots has been issued by the DTP, Gurgaon on 29.12.2017, 31.07.2018, 27.11.2018, 28.11.2018, 11.01.2019, 27.03.2019, 08.07.2019, 15.02.2020 and 29.05.2020.                              On scrutiny of the application, some of the major deficiencies/observations were observed which were conveyed to the promoter vide notice no. HARERA/GGM/RPIN/351 dated 20.07.2021. 2021. The promoter has submitted the reply dated 10.08.2021 which was scrutinized still the following document is still pending which are mentioned below: -     Major Deficiencies/Observations 1.      Online corrections in REP-I (Part A-H) needs to be done. 2.      Corrections in detailed project information needs to be done. 3.      Deficit fee Rs. 7,57,698/- 4.      Latest copy of Jamabandi, Mutation, Akshjra duly certified by revenue officer six months prior to date of application needs to be submitted. 5.      Renewal of license no. 119 of 2011 dated 28.12.2011 need to be submitted. 6.      Project report and brochure of the projects needs to be revised. 7.      Copy of non-encumbrance certificate certified by tehsildar of the Revenue department need to be submitted.   8.      Copy of land title search report need to be certified by advocate on the latest date. 9.      Copy of REP-II is not submitted.  10.  Renewed copy of Building plan BR-III of Plot nos. 07,08,27,28,29,30,31,32,33,34,35,36,42,44 and 45 need to be submitted. 11.  Copy of revised service plans and estimates of 110.20575 acres need to be provided. 12.  Copy of natural conservation zone NOC, tree cutting permission /NOC, forest land diversion and power line shifting NOC need to be submitted. 13.  Details of inventory plot wise needs to be submitted. 14.  Copy of superimposed demarcation plan on approved layout plan on A1 sheet not submitted. 15.  The Legal documents related to allottees are not in the proper format. The same needs to be provided. 16.  Since the applicant is the collaborator in the license therefore the landowner must be made conforming party in the BBA. Observations- Part-E-Project Cost/sale Proceeds 17.  Cost of land needs to be clarified for area of registration i.e., 2.66 acres. 18.  Loan sanction letter, disbursement schedule, repayment schedule, Form CHG-1, CHG-9 needs to be submitted for all type of loan i.e., Term Loans, Working Capital Loans. 19.  Cost of conversion charges, License fees, EDC, IDC needs to be mentioned as per Letter of intent, an annexure should be submitted mentioning each license and its value. 20.  Supporting document for the interest cost needs to be submitted. 21.  Financial resources of the project need to be clarified. 22.  Escrow agreement with the bank needs to be provided. Part H-Bank account details 23.  Keeping in view the provisions of section 4 (2) (l) (D) of the Real Estate (Regulation & Development) Act, 2016, promoter needs to provide an affidavit duly signed by the authorised signatory and witness. 24.  Bank undertaking needs to be provided. 25.  Board resolution authorising to approve the bank account needs to be submitted. Part-I-Quarterly schedule of physical and financial progress 26.  CA Certificate for expenditure incurred up to the date of application needs to be provided. 27.  Statement of quarterly estimated expenditure needs to be corrected. 28.  Statement of quarterly estimated sources of fund needs to be corrected. 29.  Statement of net cash flow needs to be corrected. 30.  CA Certificate for financial and inventory details needs to be submitted. PART-II Project Proponent 31.  TAN no. of the company needs to be submitted. 32.  KYC of Ashim Sarin needs to be submitted. 33.  KYC of consultant needs to be submitted. 34.  Copy of aadhar of Mr Manoj Pahwa needs to be submitted.  The promoter has requested for adjournment for 15 days to arrange the balance documents. Therefore, the authority has decided to grant 15 days’ time to comply with the pending deficiencies by 26.10.2021.The matter to come up 09.11.2021 at 3:00 p.m.

Proceedings dated: 09.11.2021 Ms. Prachi Singh, Planning Executive briefed the facts about the project. No one is present on behalf of the promoter. The promoter has requested for adjournment of hearing vide email dated 09.11.2021 requesting for 2 weeks for removing the balance deficiencies. Therefore, the authority has decided to grant 2 weeks’ time to fulfill the deficiencies and matter to come up on 07.12.2021. 

The matter is adjourned for 14.12.2021

Proceedings dated: 14.02.2022 Ms. Prachi Singh, Planning Executive briefed the facts about the project. Sh. Sudhir Solanki (GM) is present on behalf of the promoter. The AR of the promoter company has submitted a detailed reply today in the registry in response to the deficiencies conveyed in the hearing dated 14.01.2022, wherein the deficiencies have been removed including payment of deficit fees. The PE Ms. Prachi Singh apprises that the validity of building plans sanctioned for the plots applied for floor-wise construction stand expired and the promoter is required to submit revalidated building plans in respect of 40 no. of plots as the building plans are valid only of two plots. The AR of the promoter clarifies that out of 42 plots applied for registration of floor-wise construction and sale, the occupation certificate w.r.t. 32 plots has already been received and further the OC w.r.t. 8 plots stand applied and hence their revalidated plans are not required at this stage as the building plans are still valid w.r.t. two no. of unconstructed plots. The proof having submitted their application for OC shall also be submitted. The reply submitted by the AR with annexures be examined by the concerned PE and to put up during next hearing. The matter to come up on 07.03.2022.

Ms. Prachi Singh, Planning Executive briefed the facts about the project. Sh. Sudhir Solanki (AR) is present on behalf of the promoter. The promoter has requested for adjournment of hearing requesting for 2 weeks for removing the balance deficiencies. Therefore, the authority has decided to grant 2 weeks’ time to fulfill the deficiencies and matter to come up on 28.03.2022. 

The matter is adjourned to 31.03.2022