The Skylo Tower

Proceedings dated: 15.12.2025.Sh. Shashank Sharma, Associate Engineer Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of the case.Sh. Saurabh (AR), Ms. Pragya (AR) and Sh. Lakshmikant are present on behalf of the promoter.The Authorized Representative of the promoter submits that they have applied in the Authority for registration of additional license no. i.e., 13 of 2024 dated 29.01.2024 valid up to 28.01.2029 for residential plotted colony having land measuring 4.8284 acres and the registration of the said licensed land has been approved by the Authority today itself. The AR present states that, Environmental Clearance and Mining 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 Approved Environmental Clearance within 6 months from the date of grant of registration; and        ii.    Mining permission before the start of construction.Further, he undertakes to submit a Demand Draft amounting to Rs. 25 lakhs, as a security deposit for timely compliance with the above requirement at point (i). It is also expressly undertaken that in the event of failure to obtain and submit the aforesaid approval within the stipulated time frames, the said security amount shall be liable to be forfeited by the Authority.The Authority has noted that promoter has applied for registration of additional license number i.e., 13 of 2024 dated 29.01.2024 valid up to 28.01.2029 for residential plotted colony having land measuring 4.8284 acres on 17.11.2025 in the Authority, which was unregistered land initially and after due compliance, said licensed land has been registered in the agenda of today’s meeting itself i.e., 15.12.2025.Further, 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 Demand Draft amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only), in favour of the Authority, as security amount for timely submission of approved Environmental Clearance within 6 months from the date of grant of registration.In the event of non-submission of the above approval within the prescribed time frames, the said 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 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 a DD of Rs. 25 lakhs for submission of Approved Environmental Clearance within the timeframe mentioned above.