RERA

APPLICATION FOR MODIFICATION OF PROJECT PROFILE

Particulars of the Registered Project Application No. : RAJ-RERA-APP-SPM-2023-512 (1/9/2023)
Name of the Registered Project	Vatika Infotech City for Part- A	Project Status	LAPSED
Registration Number	RAJ/P/2019/884	Name of the Promoter	VATIKA LIMITED
Name of Other Promoter(s)	Magnet Developers private limited,Vatika Jaipur Sez Developers Private limited ,NAKSHATRA BUILDCON PRIVATE LIMITED,Jeevan Lal,SUMAN DEVI	Project Address	77, 78, 79, 80, 81, 90, 91, 92, 93, 85, 86, 87, 94, 95, 96, 97, 98, 99, 100, 106,119, 120, 121, 122, 20, 21, 101/1064, 103, 150/1066, 145/1065, 54, 139, 143, 144, 147, 148, 150, 151, 152, 153, 154, 155, 123, 55,61, 145, 146, 129, 134, 135, 136, 137, 138, 88, 89, 101, 102, 104, 105, 127, 173, 174/1256, 395,396,586/397,397, 187, 188, 189, 28/2, 532, 542, 543/1, 545, 532/1166, 546, 500/1239, 548/1, 548/2, 543, 501/1286, 540, 541, 538, 544, 548, 549, 1383/534, 533,13, 14, 15, 16, 17, 18, 19/1 Sanganer Thikaria,Prithvisinghpura,Sanjharia,Bagrukhurd,Balmukundpura Sanganer Jaipur
Project Type	Plotted Development	Phase Area (in Sq. Mt.)	240732.88
Project registration vaild till (As per RC/ Form F, whichever is latest)	12/31/2024	Project registration certificate (As per RC/ Form F, whichever is latest)	View

Project Modification Request

SELECT	PARTICULARS	Existing Online Details	Proposed Modified Details	Reason for Modification and in case of documents specify the documents/part which is being replaced/changed	Supporting Documents and detailed application(If any)
	PROJECT COST DETAIL
	Development cost as per rule 5(2)	240,000,000.00	2,147,676,771.00	The promoter wants to update the development cost of the project.

Declaration

	I/ we do hereby solemnly declare and undertake: That the changes/updations proposed by me/us in the Project details are correct and shall not affect/ damage the rights and interests of the allottee(s) of the project. If, however, due to such modification, any damages or losses are suffered by any allottee(s) or any rights and interests of any allottee(s) are adversely affected or any dispute arises, promoter of the project shall be solely responsible and liable to compensate for the same and to resolve the dispute and shall also be liable for all other legal and financial consequences thereof

I/ we do hereby solemnly declare and undertake: That the changes/updations proposed by me/us in the Project details are correct and shall not affect/ damage the rights and interests of the allottee(s) of the project. If, however, due to such modification, any damages or losses are suffered by any allottee(s) or any rights and interests of any allottee(s) are adversely affected or any dispute arises, promoter of the project shall be solely responsible and liable to compensate for the same and to resolve the dispute and shall also be liable for all other legal and financial consequences thereof

Payment Details
Payment Amount	Payment Date	Download Receipt
₹ 5,000.00	1/9/2023	Generate Payment Slip

Contact Person Details

Contact Person Name	MobileNo	Email
Sudhir Sharma	9821496924	rerajaipur@vatikagroup.com

Comments Details
PARA	Created BY	Comments	Date	Status	Document
1	Rishabh Sharma (10665)	Verify the fee deposited.	1/10/2023	PENDING WITH DA/ ACCOUNTS/ LEGAL OFFICER/ LAW OFFICER
2	Madan Pareek (16059)	Rs. 5000/- deposited by Rera Trans. No. 80 dated 09.01.2023 for modification of project profile.	1/11/2023	PENDING WITH NODAL OFFICER
3	Rishabh Sharma (10665)	Give a proper reason for updating the Development Cost approx. 10 times. Comply with the directions on or before 20.01.2023.	1/13/2023	APPLICATION OBJECTED
4	Promoter	Dear Sir, promoter humbly submits to the kind authority that in reference to Rule 5 of RERA Rule 2017 development cost of the project can be changed with change in on-site expenditure includes fees payable to the architects, consultants, fees deposited to various authorities. Also, at the time of registration of the project we did not include principle, interest and penal interest paid to financial institution. The said expenditure is permissible under rule 5 as the development cost. Now, we intend to include that experience in our development cost. Thus this application is filed.	1/21/2023	PENDING WITH NODAL OFFICER
5	Rishabh Sharma (10665)	In the said case promoter applied for the updation of the Development Cost from Rs. 24,00,00,000/- to Rs. 2,36,10,13,771/- on the grounds mentioned in para 4/N. Application is submitted for your kind perusal and further orders, please.	1/25/2023	PENDING WITH JOINT REGISTRAR
6	Arpit Sancheti (10683)	Development cost is abruptly increasing. Submitted for further orders pls.	1/25/2023	PENDING WITH REGISTRAR
7	Ramesh Sharma (9009)	Development cost has been increased 2.12 crores which is exorbitant , submitted for decision.	1/26/2023	PENDING WITH CHAIRMAN
8	NIHAL CHAND GOEL (1)	Promoter to provide calculation/breakup of the earlier cost estimates and the revised cost estimates so as to explain the huge difference.	1/28/2023	APPLICATION OBJECTED
9	Promoter	Dear Sir, promoter humbly submits to the kind authority that the calculation/breakup of the earlier cost estimates is that earlier the promoter accounted only construction cost of the project which was at that time Rs. 24,00,00,000. During the course of development we realized that Rule 5 of RERA Rules allows us to include interest cost as development cost of the project and needs to be included in the development cost. The interest cost to be incurred in the project is Rs. 1,757,676,771. Further, in addition to the cost of construction has increased to Rs. 39,00,00,000 in the changed market scenario. Thus, the total development cost as per Rule 5 is Rs. 2,147,676,771. Kindly accept our humble submission and oblige us.	2/13/2023	PENDING WITH NODAL OFFICER
10	Rishabh Sharma (10665)	In reference to para 8/N, kindly peruse the promoter reply at para 9/N. Application is submitted for further orders regarding change of Development Cost.	2/14/2023	PENDING WITH JOINT REGISTRAR
11	Arpit Sancheti (10683)	Submitted for further orders regarding change of Development Cost in reference to clarification submitted by the promoter at para 9/N.	2/14/2023	PENDING WITH REGISTRAR
12	Ramesh Sharma (9009)	You also check and ask the promoter to check the figures he has given in his reply, which prima facie seem to be wrong.	2/14/2023	PENDING WITH JOINT REGISTRAR
13	Arpit Sancheti (10683)	Comply as directed.	2/14/2023	PENDING WITH NODAL OFFICER
14	Rishabh Sharma (10665)	Refer to para 12/N, and reply on or before 23.02.2023.	2/16/2023	APPLICATION OBJECTED
15	Promoter	Dear Sir, in reference to the para 12/N, promoter is hereby submitting the breakup chart for the estimated development cost. PDF is attached herewith. Kindly accept our humble submission and oblige us.	3/2/2023	PENDING WITH NODAL OFFICER
16	Rishabh Sharma (10665)	In referene to para 12/N, promoter has uploaded the breakup chart of the Development Cost at para 15/N. Therefore, application is submitted for kind perusal and further orders, please.	3/3/2023	PENDING WITH JOINT REGISTRAR
17	Arpit Sancheti (10683)	Submitted for kind perusal and further orders pls.	3/3/2023	PENDING WITH REGISTRAR
18	Ramesh Sharma (9009)	Submitted for perusal and decision,sir.	3/3/2023	PENDING WITH CHAIRMAN
19	NIHAL CHAND GOEL (1)	Approved	3/4/2023	APPLICATION APPROVED

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