Tulip Melrose

Proceedings dated: 03.11.2025.Sh. Shashank Sharma, Associate Engineer Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of the case.Sh. Vikas Jain (Director), Sh. Chirag Nagpal (AR), Ms. Kavya (AR) are present on behalf of promoter.The Authorized Representative of the promoter submits that presently, Fire Scheme Approval, Approved service plans and estimates 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 Fire Scheme Approval and Approved Service Plans and Estimates within 4 months from the date of grant of registration;ii.     Approved Electrification plan within 6 months from the date of grant of registration; andiii.   Mining permission before the start of construction.Further, he undertakes to submit two Demand Drafts 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 frames, the said security amount(s) shall be liable to be forfeited by the Authority.The Authorized Representative submits that 15m road is already connected to the said project and they do not require the road access permission from the concerned department. Further, they want to change the name of project from “Tulip TOD 2” to “Tulip Melrose” to prevent any misleading marketing advertisements by market players and they also want to change the timelines of the said project from 31.12.2034 to 31.12.2033 and they will submit the revised documents accordingly in the Authority.The landowners, namely Sh. Ramniwas, Sh. Piyush Yadav, Sh. Amit Yadav and Sh. Sumit Yadav are present in person and states that the unit sharing arrangement with the promoter has been done and the same has been submitted. Further, the units will sell only upon issuance of the Occupation Certificate by the competent authority and in case, we are selling the units before occupation certificate, in that event, the amount so collected from the allottee(s) shall be deposited only in the Master Account of the said project and compliance u/s 4(2)(l)(d) of the Act of 2016 shall be follow. 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 two separate Demand Drafts, 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 following approvals:              a.  Fire Scheme Approval: within 4 months from the date of grant of registration; and              b.  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 change of name of project from “Tulip TOD 2” to “Tulip Melrose” is allowed and the revised timeline of the project is also allowed and promoter shall submit:a.       Approved Electrification plan within 6 months from the date of grant of registration;b.       Mining permission before start of construction; andc.        Revised documents due to change of name of project and revised timelines.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 two DD’s of Rs. 25 lakhs each for submission of Fire Scheme approval and approved Service plan and Estimates within the timeframe mentioned above