| 07-Sep-2026 |
Ms. Deepika, Planning
Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of
the project.
Sh. Amandeep Singh (CEO) & Sh. Niraj Lodha
(AR) are present on behalf of the promoter and Sh. Rajjath Goel is present on
behalf of the landowner (M/s Acquisitive Infradevelopers Pvt. Ltd.).
The Authorized Representative of the Promoter states
that the Addendum/Supplementary Agreement to the JDA, duly registered for the
purpose of clarifying and confirming the irrevocability of the JDA, has been
executed and registered, and that a copy of the same shall be submitted to the
Authority today. Further, with regard to the sharing arrangement between the
Landowner and the Promoter, a duly notarized affidavit executed by the
Landowner and the Promoter has been submitted, undertaking compliance with the
provisions of Section 4(2)(l)(D) of the Real Estate (Regulation and
Development) Act, 2016.
Further, the AR of the Promoter states that the
approval of the fire scheme is under process and that the said approval has not
yet been obtained as on date. The Authorized Representative of the Promoter
undertakes to obtain and submit the said approval within six months from the
date of grant of registration. In this regard, the Promoter Company has
submitted a Demand Draft amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs
only), bearing DD No. 504406 dated 21.08.2026, as a security deposit for timely
compliance with the requirement of obtaining and submitting the fire scheme
approval. It has also been expressly undertaken that, in the event of failure
to obtain and submit the aforesaid approval within the stipulated time period,
the said security amount shall be liable to be forfeited by the Authority.
The Authority has taken note of the
submissions made by the AR of the promoter regarding the non-availability of
the approval of
the fire scheme as on date. In the event of
non-submission of the aforesaid approval within the prescribed time period, the
said security amount shall stand forfeited by the Authority, and such failure
may also attract additional regulatory action as permissible under the Real
Estate (Regulation and Development) Act, 2016, and the rules and regulations
made thereunder.
Further, with regard to the sharing pattern, the
Promoter shall ensure compliance with the provisions of Section 4(2)(l)(d) of
the Real Estate (Regulation and Development) Act, 2016. The condition to the
same effect shall also be incorporated in the Registration Certificate.
Approved as proposed, subject to rectification of the
deficiencies mentioned above.
The Registration Certificate shall be issued after
submission of the remaining deficiencies mentioned above, including correction
in Form A-H, online DPI, and submission of the registered irrevocable JDA,
along with the deficiency mentioned at S. No. 35. |
APPROVED AND READY FOR CERTIFICATE ISSUING PROCESS |
View Order |
| 31-Aug-2026 |
Ms. Deepika, Planning
Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of
the project.
Sh. Amandeep Singh (CEO), Sh. Deepanshu (GM)
& Sh. Niraj Lodha (AR) are present on behalf of the promoter and Sh. Ajay
Kaushik is present on behalf of the landowner (M/s Acquisitive Infradevelopers
Pvt. Ltd.).
The AR of the promoter company states that
HSVP has allotted a land parcel measuring 1.196 acres (4,843.03 sq. m.) to M/s
Acquisitive Infradevelopers Pvt. Ltd. vide Conveyance Deed No. 16177 dated
12.12.2025. Pursuant to obtaining NOC from HSVP vide Memo No. 9774 dated
31.10.2025, a JDA was executed and registered between M/s Acquisitive
Infradevelopers Pvt. Ltd. (Landowner) and M/s Lodha Developers Ltd. (Developer)
vide Vasika No. 16365 dated 17.12.2025, whereby the Landowner authorized the
Developer to develop, market, and sell the proposed real estate project, namely
“Lodha Golf Course Road,” on the aforesaid land.
The AR of the promoter further states that as
per the terms of the JDA, the revenue generated from the project is to be
shared between the Landowner and the Developer in the ratio of 48:52,
respectively and the Landowner irrevocably grants and transfers the development
rights for the Project Land to the promoter. However, the Authority observes
that the said JDA simultaneously provides that the agreement shall be
interminable and irrevocable unless otherwise agreed between the parties in
writing. In this regard, the AR of the promoter states that the promoter is in
process of executing and registering an Addendum/Supplementary Agreement
and the same shall be submitted in due course.
In view of the above, the promoter company is
directed to submit the registered Irrevocable JDA as well as GPA, and to ensure
that the revenue sharing arrangement is in accordance with the provisions of
the RERA Act, 2016. The promoter is further directed to submit an affidavit,
signed by both parties, clearly specifying the manner in which the promoter
will make the requisite disclosures and operate the relevant account in
accordance with the provisions of the RERA Act, and to ensure compliance with the
provisions of the RERA Act, 2016. The promoter is further directed to submit
the deficit documents mentioned at S.no. 35 before the next date of hearing,
The owners/directors of the landowner company shall
also remain present on the next date of hearing.
The matter is adjourned and to come up on
07.09.2026. |
ADJOURNMENT |
View Order |