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Registration approved No litigation declared Plotted Development project

Asha Township

By Louis Martis

RG-KA-04434 · RERA PRM/KA/RERA/1273/318/PR/230123/005650 · Last updated on RERA Karnataka portal: 9 Jan 2023

Source: official RERA Karnataka filing

Red flags

  • No red flags in this filing

Clear

  • No litigation declared
  • No complaints on record
  • Completion date never moved
  • Separate project account declared
Aug 2022Possession promisedno revision filed
0Complaints at RERA Karnatakaon this registration
Jump to the 90 documents Report an error

Asha Township is a Plotted Development project by Louis Martis in Udupi, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1273/318/PR/230123/005650 on 23 Jan 2023. Possession is promised by 31 Aug 2022.

At a glance

Project

  • NameAsha Township
  • TypePlotted Development
  • Location
    • Udupi
    • 574116
  • Pincode574116
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PRM/KA/RERA/1273/318/PR/230123/005650
  • ReraGenie IDRG-KA-04434

Builder

  • NameLouis Martis
  • Entity typeProprietorship Firm
  • Authorized SignatoryLouis Martis

Key dates

Registered
23 Jan 2023
Promised
31 Aug 2022

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on23 Jan 2023
  • Promised completion31 Aug 2022
  • Revised completionNone
  • BuildingsNot stated in filing
  • Documents filed90 files

The full filing

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

Land and ownership1

This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.

Land owned byNot the promoter
Named landowners1
LandownerVillageDistrict
Louis Martis--

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 15.00 lakh
BuildingWingEstimatedIncurred
-NARs 15.00 lakh-

Certifying professionals and partners2

Certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
EngineerYogish R Nayak
Chartered AccountantAdarsh S Shenoy

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed90

As listed on the registration, under the names the promoter filed them with; the newest 80 of 90 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1273/318/PR/230123/005650 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
Rera Designated Account StatementFile: Rera Designated Account Statement.pdf9 Jan 2023
Revised Proforma of the Agreement for SaleFile: Agreement of Sale Proforma (R1).pdf9 Jan 2023
Profit and loss account and balance sheet 2018-19, 2019-20 & 2020-21 with CA UDINFile: P&L and Balance Sheet (3 Years) with UDIN.pdf1 Dec 2022
RERA Designated Bank Account DetailsFile: Annexure 113.pdf1 Dec 2022
CA Certificate with Designated Bank Account DetailsFile: Form 1 CA Certificate new.pdf1 Dec 2022
EC from 01/05/2005 to upto date in form 15 reflecting all transactionsFile: EC.pdf1 Dec 2022
Village MapFile: Village Map.jpeg1 Dec 2022
Proforma of agreement for SaleFile: Agreement of Sale Proforma.pdf1 Dec 2022
Sale deed from Nalini Talvar to Louis MartisFile: 1 Nalini Talwar to Lewis Martis.pdf2 Nov 2022
Title Deed of Nalini TalvarFile: 2 Title Deed of Nalini Talvar_compressed.pdf2 Nov 2022
Land Value by Sub RegistrarFile: 4 Land Value by Sub Registrar.pdf2 Nov 2022
Village Map & Pakka Nakalu AckFile: 5 Village Map & Pakka Nakalu Ack.pdf2 Nov 2022
AakarbandhFile: 6 Aakarbandh.pdf2 Nov 2022
Panchayath Confirmation LetterFile: 11 Panchayath Confirmation Letter.pdf2 Nov 2022
Relinquishment deedFile: 15 Relinquishment Deed.pdf2 Nov 2022
Certified Estimation Cost of construction by the EngineerFile: 24 Certified Estimation Cost of construction by the Engineer.pdf2 Nov 2022
Mescom NOCFile: Mescom NOC.pdf2 Nov 2022
Proforma of agreement for saleFile: Draft Sale Agreement.pdf2 Nov 2022
Chartered accountant's Membership certificateFile: Annexure 52.pdf7 Oct 2022
CA CertificateFile: Annexure 57.pdf7 Oct 2022
Bank Account DetailsFile: Annexure 113.pdf7 Oct 2022
RTC, survey 127/1A3-
Mutation, survey 127/1A3-
Encumbrance Certificate, survey 127/1A3-
Conversion/Alienation Order, survey 127/1A3-
Khatha, survey 127/1A3-
Registration CertificateFile: Annexure 1.pdf-
Certificate issued by CA Form 1File: Form 1 - CA Certificate new.pdf-
Certificate issued by Engineer Form 3File: Annexure 58.pdf-
Project Chartered Accountant-
Project Engineer-
AffidavitFile: Annexure 45.pdf-
Certificate from Chartered AccountFile: Form 1 - CA Certificate new.pdf-
Certificate issued by ArchitectFile: Annexure 59.pdf-
Balance Sheet 2020 - 2021File: Annexure-60- 21-22.pdf-
Balance Sheet 2019 - 2020File: Annexure-60- 20-21.pdf-
Balance Sheet 2018 - 2019File: Annexure 60 19-20.pdf-
Audited Profit and Loss Statement 2020 - 2021File: Annexure-61- 21-22 -.pdf-
Audited Profit and Loss Statement 2019 - 2020File: Annexure-61- 20-21 -.pdf-
Audited Profit and Loss Statement 2018 - 2019File: Annexure 61 19-20.pdf-
Income Tax Return Acknowledgement 2020 - 2021File: Annexure 65 21-22.pdf-
Income Tax Return Acknowledgement 2019 - 2020File: Annexure 65 20-21.pdf-
Income Tax Return Acknowledgement 2018 - 2019File: Annexure 65-19-20.pdf-
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How this compares with Udupi

22%of Udupi projects moved their completion datethis one has not
0%of Udupi registrations have lapsed or been cancelledthis one is on the register

Computed across the 260+ Udupi projects on ReraGenie, from their own filings.

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Other projects near Udupi260+ in Udupi

Builder: Louis Martis

Louis Martis has 1 registration on RERA Karnataka, including Asha Township. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Udupi district page.

Frequently asked questions

What are my rights if Asha Township is delayed beyond 31 Aug 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 RERA Karnataka.

How do I verify and contact the developer of Asha Township?

The registered promoter entity is Louis Martis, a proprietorship 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 Asha Township?

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 Asha Township?

The professionals named in the filing: Engineer: Yogish R Nayak; Chartered Accountant: Adarsh S Shenoy. 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 Asha Township?

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; whether construction progress keeps pace with sales in the coming quarters.

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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