| 22-Jun-2026 |
Ms. Deepika, Planning
Executive and Ms. Asha, Chartered Accountant briefed about the facts of the
project.
Sh. Shyamrup Choudhary
(Director), Sh. Sanchit Bahl (Director) & Sh. Yatin Dev (AR) are present on
behalf of promoter and states that company i.e., M/s Forsythia Propbuild Pvt.
Ltd. is a wholly owned subsidiary company of M/s Emaar India Limited and had
done collaboration with M/s Boxacres Developers Pvt. Ltd. pursuant to the Joint
Development Agreement executed in 2021 for the said project.
The director present further
submits that Environmental Clearance, Approved Service plans and estimates,
mining are yet to be obtained as on date. Further, the AR of the promoter
undertakes to obtain and submit:
i. Environmental
Clearance & Service Plans and Estimates approval within 4 months from the
date of grant of registration &
ii. Mining
permission before commencement of construction at the site.
Further, he undertakes to
submit the two Demand Drafts/ Bank Guarantees 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 frame, the
said security amount(s) shall be liable to be forfeited by the Authority.
The Authority has taken note
of the submissions made by the director 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/Bank
Guarantees, 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
Environmental Clearance as well as 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 promoter
shall submit the mining permission before start of construction at site and a
condition to this effect shall also be incorporated in the Registration
Certificate.
Approved as proposed subject
to rectification of deficiencies mentioned above at S. No. 35.
The Registration Certificate
shall be issued after submission of corrections in A-H form, Online DPI, along
with the other remaining deficiencies mentioned at S. No. 35 and submission of
two DD’s/BG’s of Rs. 25 lakhs each for submission of Approved Environmental
Clearance and Approved Service Plans & Estimates within the timeframe
mentioned above. |
APPROVED AND READY FOR CERTIFICATE ISSUING PROCESS |
View Order |
| 09-Jun-2026 |
Ms. Deepika, Planning
Executive and Ms. Asha, Chartered Accountant briefed about the facts of the
project.
Sh. Sanchit Bahl (Director),
Sh. Laxmi Kant Saini (AR) & Sh. Shyamrup Choudhary (AR) are present on
behalf of promoter.
The Director of the promoter
states that the application for registration under Section 4 of the Act, 2016 was
submitted on 04.05.2026 in respect of the project being developed under License
No. 22 of 2026 dated 30.01.2026 granted by DTCP in favour of M/s Forsythia
Propbuild Pvt. Ltd. and M/s Boxacres Developers Pvt. Ltd., in collaboration
with M/s Boxacres Developers Pvt. Ltd., for an area admeasuring 4.5968 acres,
comprising a migrated area of 4.122 acres from License No. 253 of 2023 dated
17.11.2023 and a fresh area of 0.4748 acres for the development of a Retirement
Housing Project under the Retirement Housing Policy dated 04.11.2024.
In respect of License No. 253
of 2023 dated 17.11.2023, the promoter further states that no building plans
has been approved by the concerned department and no project was ever
registered with the Authority. Further the migrated area admeasuring 4.122
acres was never part of any registered real estate project and no third-party
rights of any kind have been created in respect of the aforesaid license.
Further a reply to the deficiencies has already been submitted in the Authority
today itself.
The
Authority has taken note of the submissions made by the Director of the promoter company regarding non-creation of third-party
rights in respect of License No. 253 of 2023 dated 17.11.2023. Keeping in view
the above, the Authority decides that a public notice be published for a period
of 10 days in three prominent newspapers (two English and one Hindi) having
wide circulation, inviting objections, if any, with respect to the claim of the
promoter regarding non-creation of third-party rights in the migrated area of
License No. 253 of 2023 dated 17.11.2023.
The Promoter is
further directed to submit a supplementary agreement, along with a complete
chronology of the title and development history of the land forming part of the
present registration application, as well as and the remaining deficient documents as mentioned at
Sr. No. 35.
The matter is adjourned to 22.06.2026. |
ADJOURNMENT |
View Order |