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Registration approved Residential/Group Housing project

ACE DESTINY

By ACE DEVELOPERS

RG-KA-38961 · RERA PRM/KA/RERA/1257/333/PR/171031/001744

Source: official RERA Karnataka filing

Red flags

  • Completion date moved by 12 months
  • 1 extension taken

Clear

  • No complaints on record
  • Separate project account declared
Aug 2018Possession promisedmoved 12 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 28 documents Report an error

ACE DESTINY is a Residential/Group Housing project by ACE DEVELOPERS in Dakshina Kannada, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1257/333/PR/171031/001744 on 31 Oct 2017. Possession is promised by 28 Aug 2018. The completion date has moved by 12 months from the original filing.

At a glance

Project

  • NameACE DESTINY
  • TypeResidential/Group Housing
  • Location
    • Dakshina Kannada
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1257/333/PR/171031/001744
  • ReraGenie IDRG-KA-38961

Builder

  • NameACE DEVELOPERS
  • Entity typePartnership Firm
  • Authorized SignatoryMR. GREGORY DSILVA
  • Other registrations3 more →
  • Declared earlier projects1 →

Key dates

this monthRegisteredOct 2017First promiseAug 2017Revised toAug 2018

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on31 Oct 2017
  • Promised completion28 Aug 2018
  • Revised completionRevised to 28 Aug 2018 (originally 28 Aug 2017)
  • Buildings1 building record
  • Documents filed28 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
ACE DESTINY---808

The full filing

Everything below is from the project's own RERA Karnataka filing, free to read.

Construction progress by building1

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.

Building:

ActivityProgress
Earth work and other leveling preparation work-
Foundation footing work-
Retaining wall (All types)-
Plinth level Beam-
Sub-structure flooring (Parking Floor, more than one floor below general ground level)-
RCC or MS Framed structure-
Masonry construction: Bricks, Concrete blocks etc-
Plastering inside , outside & Ceiling-
Joinery: Doors, Windows, Ventilators etc-
Basic work of Water supply, Sanitary and Electrification-
Dadoing, Skirting, Flooring, Tiles work (All types)-
Railing and Grill fixing-
Electrification, Water supply and Sanitary Finishing-
Wardrobe, Showcase, Kitchen cabinet, Puja workNot applicable
Fire prevention and fire fighting fitting and fixture with network-
Weather Proof work(tile,concrete)-
Painting-
Elevation work-
Internal and External work including landscapes as per santioned drawingsNot applicable

Progress on shared amenities41

Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.

Common facilityProposedProgress
Water SupplyYes-
Internal Roads & FootpathsNoNot applicable
Sewage and Drainage SystemYes-
Parks & Tree plantingNoNot applicable
Street LightingNoNot applicable
Provision for community buildings and for treatment and disposal of sewage and sullage waterNoNot applicable
Solid waste management and disposalNoNot applicable
Water conservationNoNot applicable
Energy managementYes-
Fire protection and fire safety requirementsNoNot applicable
Education/Health/Other public amenitiesYes-
Electricity supply transformer and substationYes-
Emergency Evacuation servicesYes-
Storm water drainsYes-
Use of renewable energyYes-
Water conservation/rain water harvesting/recharge of ground waterYes-
ElectricityYes-
Smart Home AutomationNoNot applicable
CCTV SurveillanceYes-
Club HouseNoNot applicable
Community HallNoNot applicable
Outdoor Sports facilityNoNot applicable
Indoor Sports facilityNoNot applicable
Swimming PoolNoNot applicable
GymNoNot applicable
ParksNoNot applicable
Power BackupYes-
GasNoNot applicable
Water and SanitationYes-
Air Conditioning And incerntionNoNot applicable
StaircasesYes-
LiftsYes-
Staircases and Lift lobbies, corridor,lobbies, corridorYes-
Fire escapesYes-
Common entrance and exit for the building / common portico/foyer/verandahYes-
BasementNoNot applicable
TerraceYes-
Outer WallYes-
Open parking areas and common storage spacesNoNot applicable
Provision for lodging of management staff and security staffYes-
Water conservation and renewable energyNoNot applicable

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.

Land area582 sq m
Named landownersNone

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.

Separate project accountDeclared
Estimated costRs 2.42 cr

Extensions applied for1

A revised date filed with the regulator does not change the possession date in your agreement for sale.

EX/PRM/KA/RERA/1257/333/PR/220622/001744Aug 2017 → Aug 2018

Reason as filed by the promoterShortage of Building Materials, Concrete, Jalli etc

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed28

As listed on the registration, under the names the promoter filed them with. The files themselves are available at source: search the registration number PRM/KA/RERA/1257/333/PR/171031/001744 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: PARTNERSHIP_REG_FORM.pdf-
Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails (2).xlsx-
Licence Compressed-
Destiny Plan-
Destiny Plan-
Sale_Deed-
Destiny Plan-
Destiny Plan-
FIRE NOC Compressed-
SPECIFICATIONS-Ace Destiny-
EC Compressed-
Khata-
JDA_Rectification compressed-
Conversion-
Balance Sheet 2015 - 2016File: Balance sheet.pdf-
Balance Sheet 2014 - 2015File: Balance Sheet.pdf-
Balance Sheet 2013 - 2014File: Balance Sheet.pdf-
Audited Profit and Loss Statement 2015 - 2016File: P & L Account.pdf-
Audited Profit and Loss Statement 2014 - 2015File: P&L Account.pdf-
Audited Profit and Loss Statement 2013 - 2014File: P & L Account compressed.pdf-
Auditor's Report 2015 - 2016File: 3CB.pdf-
Auditor's Report 2014 - 2015File: 3CB.pdf-
Auditor's Report 2013 - 2014File: Form 3CB.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: ITR_Acknowledgement.pdf-
Income Tax Return Acknowledgement 2014 - 2015File: ITR_Acknowldgement.pdf-
Income Tax Return Acknowledgement 2013 - 2014File: ITR_Acknowledgement compressed.pdf-
Tower Excel SheetFile: PRM_KA_RERA_1257_333_PR_171031_001744.xlsx-
Occupancy CertificateFile: destiny complition certificate.pdf-

How this compares with Dakshina Kannada

30%of Dakshina Kannada projects moved their completion datethis one moved by 12 months
0%of Dakshina Kannada registrations are shown as withdrawn or revokedthis one is not

Computed across the 620+ Dakshina Kannada projects on ReraGenie, from their own filings.

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Other projects near Dakshina Kannada620+ in Dakshina Kannada

Builder: ACE DEVELOPERS

ACE DEVELOPERS has 4 registrations on RERA Karnataka, including ACE FELMAG and ACE DESTINY. Its filings declare 1 earlier project, 1 of them declared completed. Read the full track record. See more projects on the Dakshina Kannada district page.

Frequently asked questions

What are my rights if ACE DESTINY is delayed beyond 28 Aug 2018?

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 RERA Karnataka.

How do I verify and contact the developer of ACE DESTINY?

The registered promoter entity is ACE DEVELOPERS, a partnership firm as per the filing. Neither this filing nor this promoter's other RERA Karnataka registrations disclose a CIN, LLPIN or GSTIN for this entity. 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 RERA Karnataka listing and in its filed documents.

Is my payment protected in ACE DESTINY?

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.

What should I check before booking in ACE DESTINY?

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 RERA Karnataka, and we read every report.

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