Ycon Platinum Heights

The matter is adjourned and to come up on 08.06.2026.

The matter Is adjourned and listed for hearing on 09.06.2026.

Ms. Deepika, Planning Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of the project. Sh. Amit Yadav (Partner/Director/AR) & Sh. Baldev Singh (Advocate) are present on behalf of promoter. Sh. Ramesh Kumar, Sh. Jyoti Yadav, Sh. Mukul Yadav & Sh. Alok Yadav are present on behalf of the land owners. None is present on behalf of the complainant i.e., Ms. Sushila Devi. The Authorized Representative of the promoter submits that the land applied for registration under Section 4 of the Real Estate (Regulation and Development) Act, 2016 is free from any kind of litigation. Accordingly, an affidavit to this effect, duly signed by the partner/director/authorized signatory, has been submitted stating that there has been no ongoing litigation involving the promoter in the State and/or in relation to the aforesaid project land during the last five years. Further, with regard to the objection filed by Ms. Sushila Devi, the AR of the promoter submits that the promoter is not a party in Civil Suit No. CS/143/2023. He further submits that the project is being developed pursuant to a valid Collaboration Agreement executed with the recorded landowners and that License No. 193 of 2025 dated 10.10.2025 has already been granted by DTCP after due scrutiny of the title and ownership documents. Thereafter, the concerned department has approved the building plans of the said project on 13.03.2026. He further submits that no stay order, injunction, status quo order, or any other restraining order has been passed by any competent court in respect of the project land, title records, mutation entries, development rights, or the said license. Accordingly, he requests that the objection be rejected and that the present application for registration of the subject project be allowed to proceed. The promoter further submits that all necessary approvals are in place except the road access permission and approved service plans and estimates. In this regard, the promoter states that the proposed 24 M wide road, which falls within the licensed area, shall be constructed before the offer of possession of the units and the approved service plans and estimates are under consideration in the concerned department. In this regard, the promoter submits that the DTCP has already issued the bank guarantee letter and that the requisite bank guarantee amount shall be deposited within 10-15 days. Further, the Authorized Representative of the promoter undertakes to obtain and submit the following: i. Approved Service Plans and Estimates within four months from the date of grant of registration; and ii. Mining permission before commencement of construction at the site. The Authority has taken note of the submissions made by the Authorized Representative. The Authority observes that the objection filed by Ms. Sushila Devi does not establish any locus standi in the present registration proceedings and, therefore, the same is rejected. The Authority further directs the promoter to submit a notarized affidavit/undertaking from the Director stating that the proposed 24 M wide road falling within the licensed area shall be constructed before handing over possession of the units. With regard to the Approved Service Plans and Estimates, the Authority directs that, before issuance of the Registration Certificate, the promoter shall either submit receipt of the Bank Guarantee submitted before DTCP for obtaining approval of the Service Plans and Estimates or submit a Demand Draft/Bank Guarantee of Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only) as security for timely compliance with the undertaking regarding submission of the Approved Service Plans and Estimates within the 4 months from the date of grant of registration. It is expressly undertaken that, in the event of failure to obtain and submit the Approved Service Plans and Estimates within the prescribed period of four months from the date of grant of registration, the aforesaid security amount shall be liable to be forfeited by the Authority. Such failure may also attract appropriate regulatory action under the Act, 2016 and the rules and regulations made thereunder. Further, the promoter shall submit approved Service Plans and Estimates within four months from the date of grant of registration and Mining permission before commencement of construction at the site. A condition to this effect shall also be incorporated in the Registration Certificate. Keeping in view the above facts and circumstances, the project is approved as proposed, subject to rectification of the deficiencies mentioned above. The Registration Certificate shall be issued only after submission of the correction in A-H, form, correction of online DPI, notarized affidavit from the Director regarding construction of the proposed 24 M wide road before handing over possession of the units, Receipt/proof of submission of the Bank Guarantee before DTCP for approval of the Service Plans and Estimates or submission of a DD/BG of Rs. 25,00,000/-, Revised REP-II form incorporating the correct Occupation Certificate date and Compliance of the deficiency mentioned at Sr. No. 35.