| 27-Jul-2026 |
Ms. Deepika, Planning
Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of
the project. Sh. Shikhar Yadav (Director), Sh. Vikram
Singh (AR), Ankit Jain (AR) and Sh. Pankaj Kataria (AR) are present on behalf
of the promoter.
The
Director of the promoter company states that the present application dated
30.06.2026 was filed under Section 4 of the Real Estate (Regulation and
Development) Act, 2016 for the registration of Phase-I of the Retirement
Housing Project, namely "Wal Serenia 92," situated in Sector-92,
Gurugram, over an area measuring 4.073 acres, comprising two residential towers
and commercial shops. The Director of the promoter company further states that
the reply in respect of the deficiency regarding the revised affidavit relating
to litigation on the applied land, duly signed by the Managing Director,
registered Third Supplemental Agreement along with other required documents was
submitted on 24.07.2026.
Further
states that, as on date of application, i.e., 30.06.2026, 21 out of 105
commercial units in the earlier registered project, "Verde 92," had
been allotted. In compliance with Section 14(2)(ii) of the Real Estate
(Regulation and Development) Act, 2016, the promoter has submitted the written
consent of all 21 commercial allottees for the migration of the project from
the Affordable Group Housing Colony under License No. 77 of 2024 dated
10.07.2024 to the Retirement Housing Colony under the Policy dated 04.11.2024, by
issuing License No. 30 of 2026 dated 17.02.2026. The consent letters further
provide that each such allottee shall be allotted a commercial unit having the
same carpet area in the proposed Retirement Housing Project as was originally
allotted in the earlier registered project. The Director of the promoter
company states that a duly notarized affidavit has also been furnished
affirming that there are no pending or unsettled claims of any allottee in
respect of the project earlier registered with the authority in the name of
“Verde 92”.
Further,
the Director of the promoter company states that the migration is undertaken
due to the delay in conducting the draw of units in Affordable Group Housing
Colony, as the draw was required to be conducted by the Department of Town and
Country Planning. However, owing to internal issues within the DTCP, the draw
could not be conducted for more than a year. Consequently, the project lost its
commercial viability, and the promoter company decided to migrate the license No. 77 of 2024 dated 10.07.2024 from the Affordable Group Housing Colony
to a Retirement Housing Colony under the Policy dated 04.11.2024 by issuing
License No. 30 of 2026 dated 17.02.2026. The Director further states that no
construction activity has been commenced in accordance with the approved
building plans of the Affordable Group Housing Colony prior to such migration.
The
Director of the promoter further submits that presently, the Fire Scheme
Approval, Approved Service plans and Estimates and Environment Clearence are
under process and the said approvals have not yet been obtained as on date.
Further, the Director of the promoter undertakes to obtain and submit:
i. Fire Scheme Approval and Approved Service
Plans and Estimates within 4 months from the date of grant of registration; and
ii. Environment Clearence within 6 months from
the date of grant of registration.
Further,
he undertakes to submit two Demand Drafts/Bank Guarantees amounting to Rs 25
lakhs each as security deposits for timely submission of the Fire Scheme
Approval and Environmental clearance. It is also expressly undertaken that, in
the event of failure to obtain and submit the aforesaid approvals within the
stipulated timeframes, the said security amount(s) shall be liable to be
forfeited by the Authority. Further, the promoter requests that the security
deposit inadvertently furnished at the time of registration of the project
"Verde 92" towards compliance with the requirement of submitting the
Approved Service Plans and Estimates be adjusted against the present
requirement instead of furnishing fresh Demand Drafts/Bank Guarantees.
The
Authority has considered the request of the promoter and permits adjustment of
the security deposit already furnished at the time of registration of the
project "Verde 92" towards compliance with the requirement of
submitting the Approved Service Plans and Estimates within the stipulated
period of four months from the date of grant of the Registration Certificate.
The Authority has also taken note of the submissions made by the Director of
the promoter company regarding the non-availability of the remaining statutory
approvals as on date. Accordingly, in the interest of regulatory compliance,
the promoter is directed to 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 the timely submission of the following
approvals:
i. Fire Scheme Approval within 4 months from the
date of grant of registration; and
ii. Environment Clearence within 6 months from
the date of grant of registration.
In
the event of non-submission of any of the Fire Scheme Approval, Approved
Service Plans & Estimates and Environment Clearence 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. A condition to the above effect shall also be incorporated in the
Registration Certificate.
Approved
as proposed subject to rectification of deficiencies mentioned above at S. No.
35.
The
earlier registration bearing RC No. 41 of 2025 is hereby superseded for the
following reasons : (i) the migration of the project from the Affordable Group
Housing Colony under License No. 77 of 2024 dated 10.07.2024 to License No. 30
of 2026 dated 17.02.2026 for the Retirement Housing Colony as per Policy dated
04.11.2024 & (ii) the settlement of the claims of the earlier allottees by
the promoter company, with an undertaking that the same carpet area of
commercial shops shall be allotted to such allottees in the present project.
This
is without prejudice to the rights of the allottees of the project under
section 18 of the Real Estate (Regulation and Development) Act, 2016.
The
Registration Certificate shall be issued after submission of corrections in A-H
form, Online DPI, along with the remaining deficiencies mentioned at S. No. 35
and submission of two DD’s of Rs 25 lakhs each for submission of Fire Scheme
approval and Environment Clearence within the timeframe mentioned above. |
APPROVED AND READY FOR CERTIFICATE ISSUING PROCESS |
View Order |