Project Extension View

RERA

Application for Extension of Registration

Project Details
Extension Application No. : RAJ-RERA-APP-PE-2022-1000 (12/28/2022)
Project Name LIBRA RESIDENCY Promoter Name VATSAL ENTERPRISES
Project Registration No. RAJ/P/2021/1488 Project Type Group Housing
Estimated Finish Date (in online form) 08-12-2022 Project Registration Valid till
(as per registration certificate)		 12/8/2022 View
No Previous Extension Availed In The Past
No Records Found.
Project Extension Details
Extension being Sought Upto 12/8/2023
Duration of extension being sought 12 Months 0 Days
Project Building Plan Details
First Approval Date of Building Plan 8/8/2016
Permission/Approval of Building Plan Valid Till 12/16/2022 View
Reason For Extension
Other than force majeure
Explanatory Note regarding the stage of development works in the project and reasons for not completing the development works by the estimated finish date
Reason for delay is due to liquidity crunch but promoter has a bonafide intension to complete the project either by infusing our own funds or if necessary we may obtain project funding
Have you already availed extension of one year on grounds other than force majeure/Corona Pandemic
Latest Quarterly Progress Report
Latest QPR
Form R2
Estimated Construction Cost (Table A+B) ₹ 8,34,92,000.00
Cost Incurred on Construction (Table A+B) ₹ 3,62,36,730.00
Form R3
Total Estimated Land Cost ₹ 2,00,000.00
Total Cost Incurred on Land ₹ 2,00,000.00
Total Estimated Development Cost ₹ 8,34,92,000.00
Total Cost Incurred on Development ₹ 3,62,36,730.00
Additional Information
The reason for delay is due to liquidity crunch but promoter has a bonafide intension to complete the project either by infusing our own funds or if necessary we may obtain project funding
Declaration cum Undertaking for Extension of Registration
I/ we do hereby solemnly declare and undertake:
That the project shall be completed by the extended project finish date, i.e.,12/8/2023 and that the desired extension (if granted) of registration of the project shall not affect/ damage the rights and interests of the allottee(s) under the agreement for sale nor will it exonerate the promoter from his obligations to the allottee(s) under the Real Estate (Regulations and Development) Act, 2016 and rules & regulations made thereunder. If, however due to this extension, any damages or losses are suffered by any allottee(s), any rights and interests of any of the allottee(s) are affected or any dispute arises, promoter of the project shall be solely responsible and liable to compensate the same and to resolve the dispute and shall also be liable for all legal and financial consequence of delay in handing over the possession vis-à-vis what is previously agreed with the allottee(s).
I/ we do hereby solemnly declare and undertake:
That as per approval given by the competent authority, building plans of the project are valid only upto 12/16/2022; therefore I/ we will obtain from the competent authority the extension of validity of approved building plans upto/ beyond 12/8/2023 and submit a copy thereof to RERA within 6 months from the date of grant of extension of registration, failing which the extension of registration granted by RERA shall stand withdrawn and I/ we shall be liable for the consequences under the provisions of the Real Estate (Regulation and Development) Act, 2016 and rules & regulations made thereunder.

Registered Phase Area

Online Phase Area
1028.05
Has any partial CC/OC been obtained for the project? No

Payment Details

Actual PhaseArea Fees In (INR) ExtensionFees StandaradFees PenaltyFees Status
1028.05 ₹ 20,570.00 ₹ 5,141.00 ₹ 10,281.00 ₹ 5,141.00 Paid

Payment Slip

Print receipt
Extension Payment Slip

Contact Person Details

Contact Person Name MobileNo Email
MUDIT AGARWAL 9829369795 camuditagarwal87@gmail.com
Comments Details
PARA Created BY Comments Date Status Document
1 Rishabh Sharma (10665) Verify the fee deposited. 12/29/2022 PENDING WITH DA/ ACCOUNTS/ LEGAL OFFICER/ LAW OFFICER
2 Madan Pareek (16059) Rs. 20570/- deposited by Rera Trans. No. 1263 dated 28.12.2022 for extension of registration ( other than corona pandemic ). 1/2/2023 PENDING WITH NODAL OFFICER
3 Rishabh Sharma (10665) You are not allowed for the extension under Force Majeure, therefore, update the Reason for extension as Other than Force Majeure instead of Force Majeure. Comply with the directions on or before 09.01.2023. 1/2/2023 APPLICATION OBJECTED
4 Promoter We are applying for an extension other than force Majure condition, therefore it is requested to grant us an extension for one year User updated this details. 1/8/2023 PENDING WITH NODAL OFFICER
5 Rishabh Sharma (10665) Correct the date of the First Approval Date of the Building Plan as 08.08.2016 instead of 23.07.2020. Comply with the directions on or before 13.01.2023. 1/9/2023 APPLICATION OBJECTED
6 Promoter Dear Concern Same has been corrected now for your pursual User updated this details. 1/9/2023 PENDING WITH NODAL OFFICER
7 Rishabh Sharma (10665) Application is submitted for kind perusal and decision regarding extension of registration upto 08-12-2023 (12 Months) w.r.t. the attached checklist. 1/9/2023 PENDING WITH JOINT REGISTRAR
8 Arpit Sancheti (10683) Submitted for kind perusal and further orders regarding extension pls. 1/10/2023 PENDING WITH REGISTRAR
9 Ramesh Sharma (9009) Submitted for perusal and decision, Sir. 1/10/2023 PENDING WITH CHAIRMAN
10 NIHAL CHAND GOEL (1) Rest is ok, but they need to change “Explanatory Note regarding the stage of development works in the project and reasons for not completing the development works by the estimated finish date” as project was registered in March, 2021, after Corona. 1/10/2023 PENDING WITH REGISTRAR
11 Ramesh Sharma (9009) Comply with the directions of Hon'ble Chairman. 1/10/2023 PENDING WITH JOINT REGISTRAR
12 Arpit Sancheti (10683) Comply as directed. 1/10/2023 PENDING WITH NODAL OFFICER
13 Rishabh Sharma (10665) Refer to para 10/N and update the explanatory note. Comply with the directions on or before 17.01.2023. 1/10/2023 APPLICATION OBJECTED
14 Promoter Dear Sir Explainatory Note has been changed now for your pursual User updated this details. 1/12/2023 PENDING WITH NODAL OFFICER
15 Rishabh Sharma (10665) The name of promoter is not displayed on the list, kindly check. 1/13/2023 PENDING WITH ADDITIONAL DIRECTOR (I.T)
16 Mukesh Arora (11292) Resolved 1/16/2023 PENDING WITH NODAL OFFICER
17 Rishabh Sharma (10665) In reference to para 10/N, promoter has updated the explanatory note. Therefore, application is again submitted for kind perusal and decision regarding extension of registration upto 08-12-2023 (12 Months). 1/16/2023 PENDING WITH JOINT REGISTRAR
18 Arpit Sancheti (10683) Explanatory note is not found uploaded, kindly check. 1/17/2023 PENDING WITH NODAL OFFICER
19 Rishabh Sharma (10665) In reference to para 18/N, it is hereby submitted that no explanatory note has been uploaded by the promoter, explanation related to sought extension mentioned in the application. Therefore, application is again submitted for kind perusal and approval w.r.t. the checklist at para 17/N. 1/17/2023 PENDING WITH JOINT REGISTRAR
20 Arpit Sancheti (10683) Promoter has modified the explanatory note, therefore, Submitted for kind perusal and further orders regarding extension pls. 1/18/2023 PENDING WITH REGISTRAR
21 Ramesh Sharma (9009) There’s no labour and materials shortage since last one year, promoter should not depend on allottees to complete project, explanation given is unacceptable, submitted for decision,sir. 1/19/2023 PENDING WITH CHAIRMAN
22 NIHAL CHAND GOEL (1) It is a new project. The reasons given for failure in completing the development works by the estimated finish date do not appear to be reasonable. Issue notice for rejection u/s 6. 1/19/2023 PENDING WITH REGISTRAR
23 Ramesh Sharma (9009) Put up notice for rejection. 1/19/2023 PENDING WITH JOINT REGISTRAR
24 Arpit Sancheti (10683) Comply as directed. 1/19/2023 PENDING WITH NODAL OFFICER
25 NIHAL CHAND GOEL (1) CA Mudit Agarwal has appeared of his own and explained that the project has got delayed on account of unanticipated liquidity problem at the end of promoter, but now he is in a position to complete the project within extended period and is committed to do so. Therefore, instead of issuing a notice as earlier ordered, we allow the promoter to modify his application and furnish the actual reasons for delay. 1/20/2023 APPLICATION OBJECTED
26 Promoter Honourable Chairman Sir, CA Mudit Agarwal has appeared of his own and explained that the project has got delayed on account of unanticipated liquidity problem at the end of promoter, but now he is in a position to complete the project within extended period and is committed to do so. Therefore, instead of issuing a notice as earlier ordered, we allow the promoter to modify his application and furnish the actual reasons for delay. >> That Reason for the delay was because of liquidity crunch at the end of the promoter, however the promoter has a bonafide intension to complete the project therefore we may the complete the project by infusing our own funds or if necessary we may obtain project funding . Hence it is most humbly requested to kindly grant us extension of one year User updated this details. 1/20/2023 PENDING WITH NODAL OFFICER
27 Rishabh Sharma (10665) In reference to para 26/N, kindly update the explanatory note in the application as well. Comply with the directions on or before 01.02.2023. 1/25/2023 APPLICATION OBJECTED
28 Promoter Dear Concern An explanatory note is also updated now User updated this details. 1/30/2023 PENDING WITH NODAL OFFICER
29 Rishabh Sharma (10665) In reference to para 25/N, kindly peruse the promoter's reply at para 26/N and the updated Explanatory Note. Therefore, application is again submitted for kind perusal and approval, please. 1/31/2023 PENDING WITH JOINT REGISTRAR
30 Arpit Sancheti (10683) Submitted for kind perusal and further orders pls. 1/31/2023 PENDING WITH REGISTRAR
31 Ramesh Sharma (9009) Explanatory note is not satisfactory as promoter has not given any gantt chart how much fund will be mobilized by himself or from which financial institution loan will be taken. Not any schedule of work has been given to complete the project in the extended period. 2/1/2023 PENDING WITH CHAIRMAN
32 NIHAL CHAND GOEL (1) Before we take to alternative measures to get the project completed, let's give the promoter a chance to complete it within the time now promised. Approved. 2/2/2023 Application Approved

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