Industrial Plot No.1, Sector 90, Noida

arnoustie Management (India) Pvt Ltd as on 31.03.2020 24.8.2009 2.1.2010 2.1.2010 9.6.2010 9.10.2010 9.2.2011 9.2.2011 24.3.2011 21.12.2011 31.3.2012 2,500,000 3,510,000 2,500,000 3,510,000 224,963 76,667 52,000 140,000 553,333 512,667 167,400 10,500 6 20,000 66,666 10,000 10,000 3,333 40,000 100,000 3 3 6 291,629 5,000,000 96,667 52,000 153,333 7,030,000 553,333 512,667 140,000 177,900 0 1,500 10 1,500 1,500 1,500 10 1,500 1,500 1,500 1,500 7 43.74 5.00 14.50 7.80 23.00 7.03 83.00 76.90 21.00 26.69 Bonus Bonus Bonus shares issued have been shown in yellow background Industrial Plot No.1, Sector 90, Noida www.infralive.com 31 Infra LIVE June 15, 2022 ment) Agreement for sale/lease Rules 2018 notified by Govern- ment of UP, Housing and Town Planning Department Notification No.1673/Eight-3-18-65 Vividh/16 dated October 17, 2018. UP RERA has kept its eyes closed on this issue. It is strange that it registered the project in 2017, but raised the basic / fundamental question on Bhutani group only on December 10, 2019, the reply to which was submitted by them, the relevant part of the same is reproduced below: - We are in receipt of your letter dated December 10, 2019 seeking clarification. 1. With regard to your query No. 1 it is to put on record that Parmesh Construc- tion Company Ltd is a venture of Bhutani Group, therefore the Promoter is Parmesh Construction Company Ltd which is developing Alphathum. 2. With regard to your query No. 2 it is clarified that CBS International Projects Pvt Ltd is the owner of land on which Alphathum project is being developed by Parmesh Construction Company Limited. Being the land owning com- pany, the maps were therefore sanctioned in the name of CBS Interna- tional Projects Pvt Ltd. Further, even after above clarifications, strangely UP RERA has not ensured that a copy of the registered development/ joint lessor. However, CBS entered into agreement with a company called Parmesh Construction Company Ltd (Bhutani Group) for the development of the same project. In 2017, Bhutani group had registered four commercial projects Alphathum Phase I-IV with UP RERA on the same plot of land. However, none of the compa- nies – CBS and Bhutani – have disclosed the content of the agreement between them for the development of project in the above manner. They were required to submit/ upload any registered development, collabo- ration/ joint development agree- ment on the website of UP RERA in accordance with the UP Real Estate (Regulation and Develop-