ReraGenieLog inGet a buyer report

Home / Browse projects / Gandhinagar, Gujarat / FORTUNE 99

Valid until 30 Apr 2028 Mixed Development project

FORTUNE 99

By SHREENATH INFRA

RG-GJ-52523 · RERA PR/GJ/GANDHINAGAR/GANDHINAGAR/Gandhinagar Municipal Corporation/MAA12634/A1M/180924/311227 · Last updated on GujRERA portal: 4 Oct 2024

Source: official GujRERA filing

Red flags

  • No red flags in this filing

Clear

  • Completion date never moved
Apr 2028Possession promisedno revision filed
6 of 18Construction stages doneacross 2 buildings; furthest along: Internal walls, 89%
90 of 147Units unsoldnot recorded sold or booked
Jump to the 40 documents Report an error

FORTUNE 99 is a Mixed Development project by SHREENATH INFRA in Gandhinagar, Gujarat, registered with GujRERA as PR/GJ/GANDHINAGAR/GANDHINAGAR/Gandhinagar Municipal Corporation/MAA12634/A1M/180924/311227 on 16 Nov 2023. Possession is promised by 30 Apr 2028. 57 of the 147 units on this registration are recorded sold or booked, and 6 of 18 construction stages are filed complete.

At a glance

Project

  • NameFORTUNE 99
  • TypeMixed Development
  • Location
    • SURVEY NO 264
    • FP NO. 99
    • TP NO 13
    • NEAR DIYA GREEN PARTY PLOT
    • VAVOL
    • GANDHINAGAR -382016
    • VAVOL
    • Gandhinagar
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR/GJ/GANDHINAGAR/GANDHINAGAR/Gandhinagar Municipal Corporation/MAA12634/A1M/180924/311227
  • ReraGenie IDRG-GJ-52523

Builder

  • NameSHREENATH INFRA
  • Entity typePARTNERSHIP FIRM

Key dates

this monthRegisteredNov 2023PromisedApr 2028

Key facts

Registration and timeline

  • StatusValid until 30 Apr 2028
  • Registered on16 Nov 2023
  • Promised completion30 Apr 2028
  • Revised completionNone
  • Buildings2 building records
  • Documents filed40 files

Current status

39%57 of 147 units booked
34.5%Of the estimated cost spent so far

Figures as on 4 Oct 2024, this project's latest GujRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
C+D---65065
A+B---681482

The full filing

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

Construction progress by building2

As on 4 Oct 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.

6 of 18 construction stages are filed complete across 2 buildings. The stage furthest along is Internal walls, at 89%.

C+D73%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt Floor69%
Slabs of Super Structure100%
Internal walls, internal plaster, floorings, doors and windows within flats88%
Sanitary fittings within the flats68%
Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks88%
External plumbing and external plaster, elevation, completion of terraces with waterproofing0%
Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing46%
A+B53%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt Floor0%
Slabs of Super Structure100%
Internal walls, internal plaster, floorings, doors and windows within flats89%
Sanitary fittings within the flats0%
Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks89%
External plumbing and external plaster, elevation, completion of terraces with waterproofing0%
Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing0%

Progress on shared amenities23

As on 4 Oct 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 facilityProposedProgress
Internal roads and footpathsYes0%
Water supplyYes40%
Sewerage (chamber, lines, septic tank, STP)Yes20%
Storm water drainsYes0%
Landscaping and tree plantingYes0%
Street lightingYes40%
Community buildingsYes0%
Treatment and disposal of sewage and sullage waterNoNot applicable
Solid waste management and disposalYes0%
Water conservation, rain water harvestingYes0%
Energy managementNoNot applicable
Fire protection and fire safety requirementsYes0%
Electrical meter room, sub-station, receiving stationYes0%
Fire fightingYes0%
Drinking water facilitiesYes0%
Emergency evacuationYes0%
Use of renewable energyYes0%
SecurityYes0%
Letter boxYes0%
Compound wallYes80%
Plinth protectionYes40%
Water tankYes80%
Other requirementsYes0%

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 area3,617 sq m

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 accountNot declared
Estimated costRs 22.75 cr
Cost incurredRs 7.85 cr
Spent of the estimate34.49%
BuildingWingEstimatedIncurred
A+BNARs 12.20 crRs 2.60 cr
C+DNARs 10.55 crRs 5.24 cr

Certifying professionals and partners2

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

RoleName
ArchitectRAKESHKUMAR KANNAIYALAL PRAJAPATI
EngineerZANKHANABEN PRAJAPATI

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/Gandhinagar Municipal Corporation/MAA12634/A1M/180924/311227 on the GujRERA portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
Engineer's certificate (Form 2)4 Oct 2024
Engineer's certificate annexure4 Oct 2024
RERA registration certificate16 Nov 2023
Alteration certificate-
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)-
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-
Approved building or plotting plan-
Title clearance certificate-
Title report-
Property card-
Project photograph-
Proforma sale deed-
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)-

How this compares with Gandhinagar

39%of this project is bookeddistrict median 53%
16%of Gandhinagar projects moved their completion datethis one has not

Computed across the 1,600+ Gandhinagar projects on ReraGenie, from their own filings.

Keep FORTUNE 99 on your shortlist

Saving puts this project on your dashboard with its booking and possession figures, ready to place side by side with up to five others. A free account also gets our weekly market digest by email.

Other projects near VAVOL1,600+ in Gandhinagar

2 kmFORTUNE 99Other 124Dot size: filed unitsN

Filed coordinates, straight-line distance. 124 registered projects within 2 km.

Builder: SHREENATH INFRA

SHREENATH INFRA has 1 registration on GujRERA, including FORTUNE 99. Read the full track record. See more projects on the Gandhinagar district page.

Frequently asked questions

What are my rights if FORTUNE 99 is delayed beyond 30 Apr 2028?

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 FORTUNE 99?

The registered promoter entity is SHREENATH INFRA, 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 FORTUNE 99?

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 FORTUNE 99?

The professionals named in the filing: Architect: RAKESHKUMAR KANNAIYALAL PRAJAPATI; Engineer: ZANKHANABEN PRAJAPATI. 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 FORTUNE 99?

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 GujRERA, and we read every report.

Report an error Share feedback

Report an error or share feedback

About FORTUNE 99. Everything on this page comes from what the promoter filed on GujRERA, so if a fact looks wrong it helps to say which one.

We read every report. We cannot promise a reply to each one.

Save FORTUNE 99 to a free account

It takes a minute, there is no card, and everything on this page stays free to read either way.

Create a free accountI already have one

We will save this project for you as soon as you are in.