The Company has initiated the process of development of its land parcel admeasuring about 68.35 acres situated near Mela Ground, Hisar, Haryana (referred to as ‘Hisar land’). In this connection, the Company has entered into ‘Joint Development Agreement’ with a party (’Developer’) for development of its said Hisar land under Deen Dayal Jan Awas Yojna. The Company received licence No. -179 of 2022 dated 7.11.2022 from the Director, Town and Country Planning, Haryana, Chandigarh (‘DTCP’) for setting up of affordable residential plotted colony under Deen Dayal Jan Awas Yojana-2016 (DDJAY-2016) on 67.275 acres of the aforesaid Hisar land (referred to as ‘Real Estate Project’).
The Haryana Real Estate Authority, Panchkula (HRERA, Panchkula) has also registered the Company’s said Real Estate Project vide Registration no. HRERAPKL- HSR-427- 2023. DCM Limited is designated as Promoter of the Project in the HRERA Registration in its capacity as licensee and owner of the Project land.
However, DTCP vide its order no. LC-4455/JE(S)/2023/10909-21 dated 18-04- 2023 suspended the said Licence, till further orders, taking a note that an enquiry has been initiated against the Company by Deputy Commissioner, Hisar in respect of Company’s Hisar land. In the said order DTCP has also directed the licensee not to carry out any development work in the colony and also not to create any third party right unless the said suspension is revoked.
HRERA, Panchkula, has also issued a Public Notice informing that aforesaid Registration issued to Company’s Hisar project is kept in abeyance till further orders.
The Company along with the Developer is putting-in earnest efforts to take up the matter of revocation of said suspension order with the concerned authorities.
However, the said matter remained pending as on date. The Company as well as the Developer are hopeful that the requested revocation of the suspension order of licence no.179 of 2022 will be acceded to by the authorities and that the development work on the land shall start soon thereafter.