APPLICATION FOR MODIFICATION OF PROJECT PROFILE

Particulars of the Registered Project
Application No. : RAJ-RERA-APP-SPM-2023-623 (5/16/2023))
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) 12/31/2023 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) 2,147,676,771.00 1,016,000,000.00 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
Payment Details
Payment Amount Payment Date Download Receipt
₹ 5,000.00 5/16/2023 Generate Payment Slip

Contact Person Details

Contact Person Name MobileNo Email
Sudhir Sharma 9928908122 crm.jaipurteam@vatikagroup.com
Comments Details
PARA Created BY Comments Date Status Document
1 Rishabh Sharma (10665) Verify the fee deposited. 5/16/2023 PENDING WITH DA/ ACCOUNTS/ LEGAL OFFICER/ LAW OFFICER
2 Madan Pareek (16059) Rs. 5000/- deposited by Rera Trans. No. 204 dated 16.05.2023 for modification of project profile. 5/17/2023 PENDING WITH NODAL OFFICER
3 Rishabh Sharma (10665) You ahve updated the Development cost vide application no. RAJ-RERA-APP-SPM-2023-512 on 04.03.2023 and now again applied for the updation of same, decreasing it near to 50%. Therefore, clarify the solid ground for the decreasing of Development cost by 50% within 2 months. Comply with the directions on or before 24.05.2023. 5/17/2023 APPLICATION OBJECTED
4 Promoter Dear Sir, the promoter humbly submits that previously the development cost was calculated including the loan interest amount on the whole land of the Vatika Infotech City. However, now, we want to rectify the same and eliminate the excessive interest amount which was earlier computed on the whole land. Further, we want to update the development cost by considering the loan interest amount on registered part of Vatika Infotech City i.e. Vatika Infotech City, Part -A. Kindly, accept our humble submission and oblige us. 5/24/2023 PENDING WITH NODAL OFFICER
5 Rishabh Sharma (10665) in the said case, promoter applied for the updation of Development Cost on the grounds mentioned in the Reason for modification column and at para 4/N. Therefore, if found appropriate then may be considered for approval. 5/24/2023 PENDING WITH JOINT REGISTRAR
6 Arpit Sancheti (10683) Submitted for kind perusal and further orders pls. 5/24/2023 PENDING WITH REGISTRAR
7 Ramesh Sharma (9009) Submitted for decision on para 3 and 4 n, development cost is being reduced enormously, promoter be asked to upload documents supporting his arguments.sir. 5/25/2023 PENDING WITH MEMBER
8 Salvinder Sohata (27667) We may approve the proposed project cost . We are not supposed to allow the modifications based on whims of promoter. Once a project cost is mentioned and approved unless satisfactory grounds are elaborated we should desist from approving such proposals less than period of one year in future 5/25/2023 PENDING WITH CHAIRMAN
9 Chairman Rajasthan (1) What was the interest component and the amount of loan in the initial proposal? And what is it in the now submitted proposal? The promoter may please submit the supporting documents. 5/28/2023 APPLICATION OBJECTED
10 Promoter Dear Sir, in reference to the para 9/N, promoter is hereby submitting the breakup chart (comparative sheet) for the estimated development cost. PDF is attached herewith. Kindly accept our humble submission and oblige us. 6/8/2023 PENDING WITH NODAL OFFICER
11 Rishabh Sharma (10665) In reference to para 9/N, you have uploaded a Breakup chart w.r.t. the existing and the proposed development cost. But the requisite details, i.e., the interest component and the amount of loan in the initial proposal? And what is it in the now-submitted proposal? Submit a proper reply with the relevant documents. Comply with the directions on or before 07.07.2023. 6/23/2023 APPLICATION OBJECTED
12 Promoter Dear Sir, the humble applicant submits that in the earlier application (RAJ-RERA-APP-SPM-2023-512 (09-01-2023)) for change in development cost, we have considered Rs. 2,14,76,76,771 as the development cost which accounts construction cost of the project as Rs. 39,00,00,000 and the interest cost to be incurred in the project as Rs. 1,757,676,771. But the interest cost included in the said application was interest incurred on the whole scheme area i.e. 20,50,077.27 sq. mtr. and not proportionate to the phase area registered with RERA which is only 240732.88 sq. mtr. Thereafter, applicant has applied for the updation of development cost (RAJ-RERA-APP-SPM-2023-623 (16-05-2023) on the proportionate phase area of the scheme which comes out to be Rs. 716000000/- interest cost to be incurred in the project making the development cost Rs. 1060000000/-. Kindly accept our humble submission and oblige us. 7/11/2023 PENDING WITH NODAL OFFICER
13 Rishabh Sharma (10665) In reference to para 9/N, promoter updated the breakup chart at para 10/N and submit a detailed reply at para 12/N. Therefore, if found appropriate then the application is again submitted for kind perusal and approval, pls. 7/12/2023 PENDING WITH JOINT REGISTRAR
14 Arpit Sancheti (10683) Submitted for kind perusal and further orders pls. 7/12/2023 PENDING WITH REGISTRAR
15 Ramesh Sharma (9009) Submitted for perusal and decision on the reply of promoter, which seems reasonable. 7/12/2023 PENDING WITH MEMBER
16 Salvinder Sohata (27667) May call the promoter for discussions 7/12/2023 PENDING WITH REGISTRAR
17 Ramesh Sharma (9009) inform the promoter 7/13/2023 PENDING WITH JOINT REGISTRAR
18 Arpit Sancheti (10683) Comply as directed. 7/16/2023 PENDING WITH NODAL OFFICER
19 Rishabh Sharma (10665) In reference to para 16/N, please provide a date for the hearing as promoter no. is not reachable. 7/27/2023 PENDING WITH JOINT REGISTRAR
20 Arpit Sancheti (10683) Submitted for further directions pls. 7/31/2023 PENDING WITH REGISTRAR
21 Ramesh Sharma (9009) Kindly fix date and time of hearing, sir. 8/2/2023 PENDING WITH MEMBER
22 Salvinder Sohata (27667) In such cases at the level of promoter delay is not expected. He should have asked through registrar on Tuesday or Wednesday. In the case call the promoter /representative on Monday at 12.30PM 8/5/2023 PENDING WITH REGISTRAR
23 Ramesh Sharma (9009) Inform the promoter to be present tomorrow at 12.30 PM. 8/7/2023 PENDING WITH NODAL OFFICER
24 Rishabh Sharma (10665) In reference to para 22/N, kindly present for the hearing on 14.08.2023, Monday at 12.30 PM, or else the application shall be rejected. 8/11/2023 APPLICATION OBJECTED
25 Promoter Dear Sir, Authorized representative of promoter has appeared before the Hon'ble Member Sir on 14.08.2023 in the presence of learned Registrar Sir, presented our case and explained the change in cost as mentioned at para 12/N. On the direction of Hon'ble Member Sir file is submitted with request for approval. Kindly accept our humble submission and oblige us. 8/17/2023 PENDING WITH NODAL OFFICER
26 Rishabh Sharma (10665) In reference to para 22/N, kindly peruse the promoter reply at para 25/N. Application is again submitted for kind perusal and further orders regarding change of Development Cost. 8/21/2023 PENDING WITH JOINT REGISTRAR
27 Arpit Sancheti (10683) Submitted for kind perusal and further orders pls. 8/22/2023 PENDING WITH REGISTRAR
28 Ramesh Sharma (9009) Submitted for perusal and approval,sir. 8/26/2023 PENDING WITH MEMBER
29 Salvinder Sohata (27667) For consideration to approval 8/27/2023 PENDING WITH CHAIRMAN
30 Chairman Rajasthan (1) Approved 8/28/2023 APPLICATION APPROVED
Nodal Officer: Rishabh Sharma, Contact: 0141-2851900, E-Mail: arp2@rajasthan.gov.in

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