The Oryza

Ms. Deepika, Planning Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Varun Sharma (Director), Sh. Aayush Gaur (Director), Sh. Deepak Sangwan (Director) are present on behalf of promoter. Sh. Jagdish Singh is present on behalf of the landowner. The Director of the promoter states that the promoter has applied for registration in collaboration with M/s R.P. Buildtech. The Director present further clarifies that “Origen Realty” is its own group company and they are using the brand name in the draft brochure submitted in the Authority. He also states that the project site is connected by a 12 m wide road, and further, the 24 m wide road proposed as per the approved building plans shall be developed by the promoter and undertaking in this regard, from the director has been submitted in the Authority. The Director of the promoter submits that, at present, the environment clearance, fire scheme approval, approved service plans and estimates, and mining permission are under process, and the said approvals have not been obtained as on date. He further undertook to obtain and submit:   i.           Environment clearance within 5 months from the date of grant of registration; ii.         Fire scheme approval and Approved service plans & estimates within 3 months from the date of grant of registration; iii.       Mining permission before the start of construction at the site.   Further, he undertakes to submit the three Demand Drafts amounting to Rs. 25 lakhs each, as a security deposit for timely compliance with the above requirements at point (i) & (ii). 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 amounts 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 the three Demand Drafts amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only) each, in favour of the Authority as security amounts for timely submission of the environment clearance within 5 months from the date of grant of registration and fire scheme approval and approved service plans and estimates within 3 months from the date of grant of registration. In the event of non-submission 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. The promoter is directed to submit a confirmation on the letterhead of “Origen Realty” permitting the developer to use its brand name in the said project and mining permission shall be submitted before the start of construction at the site. Approved as proposed subject to rectification of deficiencies mentioned above. The Registration Certificate shall be issued after submission of the remaining deficiencies mentioned above, including correction in Form A–H, online DPI, confirmation for use of the brand name on the letterhead of Origen Realty, and submission of three Demand Drafts of Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only) each for submission of environment clearance, fire scheme approval, and approved service plans and estimates within the time frame mentioned above, along with the deficiency mentioned at S. no. 36.