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48 Fortune
RG-GJ-86135 · RERA PR/GJ/GANDHINAGAR/GANDHINAGAR/Others/RAA00618/EX2/EX1/280222 · Last updated on GujRERA portal: 22 Mar 2024
Source: official GujRERA filing
Red flags
- Completion date moved by 24 months
- 2 extensions taken
Clear
- Separate project account declared
Saved.
48 Fortune is a Residential/Group Housing project by Umiya Icon Developer in Gandhinagar, Gujarat, registered with GujRERA as PR/GJ/GANDHINAGAR/GANDHINAGAR/Others/RAA00618/EX2/EX1/280222 on 7 Nov 2017. Possession is promised by 31 Mar 2022. The completion date has moved by 24 months from the original filing. 48 of the 48 units on this registration are recorded sold or booked, and 24 of 27 construction stages are filed complete.
At a glance
Project
- Name48 Fortune
- TypeResidential/Group Housing
- Location
- 48 Fortune
- Nr. Jainam Bungalows
- T. P. S. No.19
- Raysan
- Raysan
- Gandhinagar
- 382421
- Pincode382421
- MapView location on Google Maps (as filed on RERA)
- RERA no.PR/GJ/GANDHINAGAR/GANDHINAGAR/Others/RAA00618/EX2/EX1/280222
- ReraGenie IDRG-GJ-86135
Builder
- NameUmiya Icon Developer
- Entity typePARTNERSHIP FIRM
Key dates
Key facts
Registration and timeline
- StatusValid until 31 Mar 2022
- Registered on7 Nov 2017
- Promised completion31 Mar 2022
- Revised completionRevised to 31 Mar 2022 (originally 16 Mar 2020)
- Buildings3 building records
- Documents filed40 files
Current status
Figures as on 22 Mar 2024, this project's latest GujRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| A | - | - | - | 16 | 0 | 16 |
| B | - | - | - | 16 | 0 | 16 |
| C | - | - | - | 16 | 0 | 16 |
The full filing
Everything below is from the project's own GujRERA filing, free to read.
Construction progress by building3
As on 22 Mar 2024, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
24 of 27 construction stages are filed complete across 3 buildings. The stage furthest along is Stilt Floor, at 0%.
A89%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 100% |
| Internal walls, internal plaster, floorings, doors and windows within flats | 100% |
| Sanitary fittings within the flats | 100% |
| Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing | 100% |
| Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing | 100% |
B89%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 100% |
| Internal walls, internal plaster, floorings, doors and windows within flats | 100% |
| Sanitary fittings within the flats | 100% |
| Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing | 100% |
| Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing | 100% |
C89%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 100% |
| Internal walls, internal plaster, floorings, doors and windows within flats | 100% |
| Sanitary fittings within the flats | 100% |
| Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing | 100% |
| Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing | 100% |
Progress on shared amenities19
As on 22 Mar 2024, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Internal roads and footpaths | Yes | 100% |
| Water supply | Yes | 100% |
| Sewerage (chamber, lines, septic tank, STP) | Yes | 100% |
| Storm water drains | No | Not applicable |
| Landscaping and tree planting | Yes | 100% |
| Street lighting | Yes | 100% |
| Community buildings | No | Not applicable |
| Treatment and disposal of sewage and sullage water | No | Not applicable |
| Solid waste management and disposal | No | Not applicable |
| Water conservation, rain water harvesting | Yes | 100% |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Fire fighting | Yes | 100% |
| Drinking water facilities | Yes | 100% |
| Emergency evacuation | No | Not applicable |
| Use of renewable energy | No | Not applicable |
| Security | Yes | 100% |
| Letter box | Yes | 100% |
Land and ownership
This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
Project account and cost
70 percent of buyer money must sit in the project account, so check that your agreement for sale names a designated account for this project and pay into that account only.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| A | NA | Rs 1.17 cr | Rs 1.17 cr |
| B | NA | Rs 1.17 cr | Rs 1.17 cr |
| C | NA | Rs 1.17 cr | Rs 1.17 cr |
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Ar. Haresh Patel |
| Engineer | Haresh A. Shah |
Extensions applied for2
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Documents filed40
As listed on the registration, under the names the promoter filed them with. The files themselves are available at source: search the registration number PR/GJ/GANDHINAGAR/GANDHINAGAR/Others/RAA00618/EX2/EX1/280222 on the GujRERA portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Accountant's certificate (Form 3) | 22 Mar 2024 |
| Engineer's certificate (Form 2) | 15 Mar 2024 |
| Engineer's certificate annexure | 15 Mar 2024 |
| Architect's certificate (Form 1) | 14 Mar 2024 |
| Site photograph, A | 14 Mar 2024 |
| Site photograph, B | 14 Mar 2024 |
| Site photograph, C | 14 Mar 2024 |
| RERA registration certificate | 7 Nov 2017 |
| Proforma agreement for sale | - |
| Auditor's report (1 of 3) | - |
| Auditor's report (2 of 3) | - |
| Auditor's report (3 of 3) | - |
| Income tax return (1 of 3) | - |
| Income tax return (2 of 3) | - |
| Income tax return (3 of 3) | - |
| Project specific document | - |
| Directors' report (1 of 3) | - |
| Directors' report (2 of 3) | - |
| Directors' report (3 of 3) | - |
| Commencement certificate | - |
| Approved sanctioned plan | - |
| Approved layout plan | - |
| Agreement | - |
| Land location | - |
| Encumbrance certificate | - |
| Area development document | - |
| Proforma allotment letter | - |
| Brochure | - |
| Project related document | - |
| Declaration in Form B | - |
| Project photograph | - |
| Audited balance sheet (1 of 3) | - |
| Audited balance sheet (2 of 3) | - |
| Audited balance sheet (3 of 3) | - |
| Audited profit and loss statement (1 of 3) | - |
| Audited profit and loss statement (2 of 3) | - |
| Audited profit and loss statement (3 of 3) | - |
| Cash flow statement (1 of 3) | - |
| Cash flow statement (2 of 3) | - |
| Cash flow statement (3 of 3) | - |
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Builder: Umiya Icon Developer
Umiya Icon Developer has 1 registration on GujRERA, including 48 Fortune. Read the full track record. See more projects on the Gandhinagar district page.
Frequently asked questions
What are my rights if 48 Fortune is delayed beyond 31 Mar 2022?
Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, at the rate the state's RERA rules prescribe, or exit and claim a full refund with interest. Claims are filed as complaints with GujRERA.
How do I verify and contact the developer of 48 Fortune?
The registered promoter entity is Umiya Icon Developer, a partnership firm as per the filing. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's GujRERA listing and in its filed documents.
Is my payment protected in 48 Fortune?
Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.
Who certifies construction progress at 48 Fortune?
The professionals named in the filing: Architect: Ar. Haresh Patel; Engineer: Haresh A. Shah. Their certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.
What should I check before booking in 48 Fortune?
Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area; that the agreement follows the model agreement under the state's RERA rules, with deviations highlighted; the promoter's record on their other projects, not just this one; why the completion date was revised and what the new timeline depends on.
Spotted something wrong on this page, or want to tell us what would make it more useful? Every page here is built from what the promoter filed on GujRERA, and we read every report.
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