| Project Name | Project Location | Project District | Project Tehsil | Promoter Name |
|---|---|---|---|---|
| THE VALLEY (AFFORDABLE GROUP HOUSING) | SECTOR-78, GURUGRAM | GURUGRAM | REVITAL REALTY PVT LTD |
| Project Id | Receiving Date | Online Submission Date | Current Status | Next Date of Hearing | Notice Dispatched | Notice Dispatched On | Notice Tracking Id | Notice Dispatched Remarks | View Notice | Initially Scrutinized Remarks |
|---|---|---|---|---|---|---|---|---|---|---|
| RERA-GRG-1926-2025 | 08-Apr-2025 | 08-Apr-2025 | CONTINUING APPROVED | NOT REQUIRED | Not Yet | -- | First hearing |
| Date of Hearing | Proceedings of the day | Status | Order |
|---|---|---|---|
| 05-May-2025 | Proceedings dated: 05.05.2025. Mr. Shashank Sharma, Associate Engineer Executive and Mrs. Asha, Chartered Accountant briefed about the facts of the case. Sh. Siddharth Sapra (AR) and Sh. Deepak Arora (AR) are present on behalf of promoter and states that deficit fee amouting to Rs 73,49,680/- has been submitted in the Authority on 02.05.2025. Further, NEC, LTSR along with other relevant documents are being submitted today in the Authority. The AR requests for the waiver of late fees as the project has been transferred to M/s Ametek India Pvt. Ltd. from M/s Revital Realty Pvt. Ltd. by DTCP, Haryana only on 12.09.2024 and hence levy of late fees prior to above transfer may not be charged from the new applicant promoter. The affordable group housing project namely “The Valley” being developed by M/s Revital Realty Pvt. Ltd. located at Sector–78, Gurugram had been registered with the Authority vide RC no 20 of 2018 dated 23.10.2018 valid up to 30.04.2023 (Including 6 months Covid extension). A complaint regarding the delay in construction of the project had been received in the Authority on 09.04.2024 and accordingly Authority had taken the Suo-motu cognizance against the promoter. During the course of Suo-motu hearings, it has come to the notice of the Authority that the Joint development rights/Marketing rights permission of the said project has been transferred to M/s Ametek India Pvt. Ltd. by DTCP vide memo no LC-3012-III-JE(RK)/2024/28728 dated 12.09.2024. Accordingly, in complaince of the provisions of Section 15(1) of the Act of 2016 the public notice with regard to the change of developer was published in three newspapers dated 14.01.2025 against which no objections were received in the Authority. However, in view of the interest of existing allottees in the project, the promoter i.e., M/s Ametek India Pvt. Ltd. (Joint Development Right/Marketing Right holder) was directed to apply for continuation of registration u/s 7(3) of the Act, 2016 to keep the registration remain in force, so that the said project may be completed. In compliance of the same, the promoter has applied for continuation of registration u/s 7(3) on 26.03.2025. The promoter states that they had taken the project from M/s Revital Realty Pvt. Ltd. as per the order of DTCP dated 12.09.2024 and the late fee for applying continuation of registration of the said project is the liability of earlier developer i.e., M/s Revital Realty Pvt. Ltd. Further, promoter states that the cash flow of the entire project will be impacted if they have to pay the late fees now being an Affordable Group Housing Project sold through public draw at a price fixed by State Government. The Authority has noted the following:- 1) The said project is an Affordable Group Housing Project. 2) The project has got the license from DTCP in 2018 and the same has been registered with the Authority vide RC no 20 of 2018 dated 23.10.2018 valid up to 30.04.2023. 3) The project has been lapsed and there was no significant construction done at the site by the promoter namely M/s Revital Realty Pvt. Ltd. which is now under NCLT. Near about 10% of work has been done in the entire project.4) Further, Joint development rights/Marketing rights permission of the said project has been transferred to M/s Ametek India Pvt. Ltd. by DTCP to develop the project vide order dated 12.09.2024.5) Rate for allocating the flats in the project has been fixed by the DTCP under Affordable Housing Policy and is through public draw.6) The lapsed project has been revived by the new developer i.e., M/s Ametek India Pvt. Ltd. so that the project may be completed and all existing allottees can get their units which otherwise are lying incomplete.7) The new developer further undertakes to deliver the units to the existing allottees of the project at the rate of allotment only.Keeping in view of the above and the interest of allottees of the project, the delay for completion of the said project is not counted on the part of new developer i.e., M/s Ametek India Pvt. Ltd. as per the Joint development rights/Marketing rights permission by DTCP to complete the lapsed project. The Authority further decides that promoter shall submit the remaining late fees amounting to Rs 1,35,16,144/- in 4 equated instalments i.e., Rs 33,79,036/- as per table given below within a period of 2 years failing which the continuation of registration certificate is liable to be revoked in addition to other penal action as per the provisons of the Act of 2016. The promoter will submit an affidavit through its directors regarding submission of late fee as above. Further, change of name of project from “The Valley” to “The First Acre” is hereby allowed.Further, requisite BG/DD of Rs. 25 lakhs shall be submitted as a security amount for the submission of approved fire scheme within four months from the issuance of continuation of registration certificate. This is without prejudice to the rights of the allottees under section 14 of the Act, 2016. It is pointed out that the deferement of late fees is being made as a special case in view of the peculiar circumstances of the present matter & shall not be taken as a precedent. S.No. Amount to be paid by promoter Due date of payment 1 Rs. 33,79,036/- 07.11.2025 2 Rs. 33,79,036/- 07.05.2026 3 Rs. 33,79,036/- 07.11.2026 4 Rs. 33,79,036/- 07.05.2027 Approved as above. The RC shall be issued subject to the submission of above remaining documents and requisite BG/DD. | CONTINUING APPROVED | View Order |
| 21-Apr-2025 | Proceedings dated: 21.04.2025. Mr. Shashank Sharma, Associate Engineer Executive and Mrs. Asha, Chartered Accountant briefed about the facts of the case. Sh. Siddharth Sapra (AR), Sh. Amit Sharma (AR) and Sh. Deepak Arora (AR) are present on behalf of promoter and states that they intend to change the project name from “The Valley” to “The First Acre” and further states that reply to the remaining deficiencies will be submitted within next 3 days. The AR requests for the waiver of late fees as the project has been transferred to M/s Ametek India Pvt. Ltd. from M/s Revital Realty Pvt. Ltd. by DTCP, Haryana. Heard. The Authority decided that promoter shall submit remaining deficiencies along with the deficit fee of Rs 2,08,70,824/- (including late fees of Rs. 1,35,21,144/-) as the promoter is responsible for the development of project as per the Joint development rights/Marketing rights holder permission from DTCP vide memo no LC-3012-III-JE(RK)/2024/28728 dated 12.09.2024. Further, the promoter shall issue public notice for two weeks in three prominent newspapers (2 English and 1 Hindi) for inviting objections if any, regarding application for grant of continuation of the project registration under section 7(3) and change of name of project from “The Valley” to “The First Acre”. Concerned AEE and CA is directed to visit the project site and submit the construction status of the project. The matter to come up on 05.05.2025. | EXAMINATION BY AUTHORITY | View Order |
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