27-Jun-2022 |
Ar. Neeraj Gautam,
Associate Architectural Executive briefed the facts about the case.
Sh.
Anurag Srivastava (Manager Legal) is present on behalf of the promoter.
The
AR seeks two days’ time for submission of the requisite BG for submission of
service plan and estimates within three months. Further during last hearing the
promoter was required to submit certificate from concerned branch for
submission of QPRs and annual audit reports. The AR submits that the compliance
of 4(2)(l)(D) has been made and for submission of QPRs of four projects is
pending and has sought 2 weeks’ time for their submission during the separate hearing
today. The AR clarifies that the QPR for which hard copy has been submitted in
the Authority has also been uploaded online except for one QPR which could not
be uploaded due to some technical glitch. The office to confirm the status of
uploading of QPRs on website and to put up for grant of registration after
receipt of BG as well as uploading of filed QPR except in respect of four
projects wherein two weeks’ time has been separately allowed. |
APPROVED AND READY FOR CERTIFICATE ISSUING PROCESS |
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13-Jun-2022 |
The Coram is incomplete. The matter is adjourned to 27.06.2022. |
ADJOURNMENT |
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06-Jun-2022 |
Ar. Neeraj Gautam,
Associate Architectural Executive briefed the facts about the case. Sh. Ajay Kumar (Asstt Manager) and Sh. Anurag Srivastava are present on behalf of the promoter. Apart from rectification of the above deficiencies the promoter is advised to submit a certificate from the concerned branch regarding submission of the annual audit report of project accounts in respect of projects registered till 31.03.2021 and QPRs of the projects of the promoter till last quarter is to be submitted. Bank undertaking as per section 11(4)(h) of the Real Estate (Regulation and Development), 2016 needs to be submitted. The matter to come up on 13.06.2022. |
ADJOURNMENT |
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30-May-2022 |
Ar. Neeraj Gautam,
Associate Architectural Executive briefed the facts about the case.
Sh.
Ajay Kumar (Asst. Manager) and Sh. Anurag Srivastava are present on behalf of
the promoter.
A
certificate from the concerned branch regarding submission of the annual audit
report of project accounts in respect of projects registered till 31.03.2021
and QPRs of the projects of the promoter till last quarter is to be submitted. Bank undertaking as per section 11(4)(h) of the Real Estate
(Regulation and Development), 2016 needs to be submitted.
The
matter to come up on 06.06.2022 for compliance. |
OBJECTION |
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25-May-2022 |
Ar. Neeraj Gautam,
Associate Architectural Executive briefed the facts about the case. Sh.
Ajay Kumar (Asst. Manager) is present on behalf of the promoter.
The promoter submitted
the reply to the deficiency notice in the Authority on 19.05.2022. after the
scrutiny of the reply, there are still deficiencies pending in the application.
Further, a loan of Rs. 95 crore has been availed by the promoter against the
security of land and receivables arising from sold and unsold inventory of the
project. Accordingly, the promoter shall submit undertaking issued by the bank
regarding the rights and interests of allottees as per section 11(4)(h) of the
Act. The AR of the promoter is directed to submit the deficit documents as
listed below in the Authority before the next date of hearing.
1.
The annexures in the online DPI are not uploaded as well as
the correction needs to be done in the online(A-H).
2.
Copy of approved service estimates and plans along with a sanction
letter from DTCP, Haryana needs to be submitted.
3.
Cost of land needs to be clarified. An annexure in support of
the same needs to be provided.
4.
Escrow agreement executed with bank needs to be submitted.
5.
Form REP-II needs to be corrected.
6.
Escrow agreement with the bank needs to be provided.
7.
CA Certificate for default in repayment of govt. dues needs
to be submitted, certificate must be issued by chartered accountant and it is
not prior to six months from the date of application.
8.
Bank undertaking as per section 11(4)(h) of the Real Estate
(Regulation and Development), 2016 needs to be submitted.
Some of the deficiencies
have been attended which need to be scrutinised by the office. Left out
deficiencies as mentioned out of the above if pending be attended by the
promoter before next date of hearing. The Authority has viewed it seriously
that QPRs and annual audit reports of various projects by the promoter or its
associated companies have not been regularly submitted. The promoter may
reconcile the reports if submitted in the Authority and balance reports be
completed within a week both in online and offline mode. The Authority reserves
its right to initiate penal proceedings against the promoter for violation of
section 4 and section 11(1) of the Act. The matter to come up on 30.05.2022. |
ADJOURNMENT |
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23-May-2022 |
the matter is adjourned to 25.05.2022 |
EXAMINATION BY AUTHORITY |
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