Home / Browse projects / Udupi, Karnataka / FORTUNE CENTER
FORTUNE CENTER
RG-KA-23205 · RERA PRM/KA/RERA/1273/319/PR/191116/003015 · Last updated on RERA Karnataka portal: Not stated
Source: official RERA Karnataka filing
Red flags
- Completion date moved by 9 months
- 1 extension taken
Clear
- No complaints on record
- Separate project account declared
Saved.
FORTUNE CENTER is a Commercial project by FORTUNE PROMOTERS in Udupi, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1273/319/PR/191116/003015 on 16 Nov 2019. Possession is promised by 30 Dec 2020. The completion date has moved by 9 months from the original filing. 0 of the 44 units on this registration are recorded sold or booked, and 0 of 13 construction stages are filed complete.
At a glance
Project
- NameFORTUNE CENTER
- TypeCommercial
- Location
- Karkala
- Udupi
- PincodeNot stated
- RERA no.PRM/KA/RERA/1273/319/PR/191116/003015
- ReraGenie IDRG-KA-23205
Builder
- NameFORTUNE PROMOTERS
- Entity typePartnership Firm
- Authorized SignatoryMR.MAHENDRA VARMA JAIN
- OthersMR.ABULAL PUTHIGE, MR.DENIS PEREIRA, MR.ROBERT RONALD FERNANDES, MR.MAHENDRA VARMA JAIN, HENCIL REENA NAVITHA DSOUZA, MRS.SAIRA BANU, MR.PRAVEEN EDWIN DSOUZA, MRS.RESHMA VARMA
- Other registrations2 more →
- Past their filed date2
- Declared earlier projects4 →
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on16 Nov 2019
- Promised completion30 Dec 2020
- Revised completionRevised to 30 Dec 2020 (originally 30 Mar 2020)
- Buildings1 building record
- Documents filed44 files
Current status
Figures as on Not stated, this project's latest RERA Karnataka filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| FORTUNE CENTER | - | - | - | 0 | 44 | 44 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
As on Not stated, 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.
0 of 13 construction stages are filed complete. The stage furthest along is Earth work and other leveling preparation work, at 0%.
Building: 0% average across the applicable activities
| Activity | Progress |
|---|---|
| Earth work and other leveling preparation work | - |
| Foundation footing work | - |
| Retaining wall (All types) | Not applicable |
| Plinth level Beam | - |
| Sub-structure flooring (Parking Floor, more than one floor below general ground level) | Not applicable |
| 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 work | Not applicable |
| Fire prevention and fire fighting fitting and fixture with network | Not applicable |
| Weather Proof work(tile,concrete) | Not applicable |
| Painting | - |
| Elevation work | - |
| Internal and External work including landscapes as per santioned drawings | Not applicable |
Progress on shared amenities41
As on Not stated, 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 |
|---|---|---|
| Water Supply | Yes | - |
| Internal Roads & Footpaths | No | Not applicable |
| Sewage and Drainage System | Yes | - |
| Parks & Tree planting | No | Not applicable |
| Street Lighting | No | Not applicable |
| Provision for community buildings and for treatment and disposal of sewage and sullage water | No | Not applicable |
| Solid waste management and disposal | No | Not applicable |
| Water conservation | No | Not applicable |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Education/Health/Other public amenities | No | Not applicable |
| Electricity supply transformer and substation | Yes | - |
| Emergency Evacuation services | No | Not applicable |
| Storm water drains | No | Not applicable |
| Use of renewable energy | No | Not applicable |
| Water conservation/rain water harvesting/recharge of ground water | No | Not applicable |
| Electricity | Yes | - |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | Yes | - |
| Club House | No | Not applicable |
| Community Hall | No | Not applicable |
| Outdoor Sports facility | No | Not applicable |
| Indoor Sports facility | No | Not applicable |
| Swimming Pool | No | Not applicable |
| Gym | No | Not applicable |
| Parks | No | Not applicable |
| Power Backup | No | Not applicable |
| Gas | No | Not applicable |
| Water and Sanitation | Yes | - |
| Air Conditioning And incerntion | No | Not applicable |
| Staircases | Yes | - |
| Lifts | Yes | - |
| Staircases and Lift lobbies, corridor,lobbies, corridor | Yes | - |
| Fire escapes | Yes | - |
| Common entrance and exit for the building / common portico/foyer/verandah | Yes | - |
| Basement | No | Not applicable |
| Terrace | Yes | - |
| Outer Wall | Yes | - |
| Open parking areas and common storage spaces | Yes | - |
| Provision for lodging of management staff and security staff | No | Not applicable |
| Water conservation and renewable energy | No | Not 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.
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.
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | VEERENDRA SHETTIGHAR |
| Engineer | KUMAR GOWDA |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
No reason recorded in the filing
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed44
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/1273/319/PR/191116/003015 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| CertificateFile: FIRM CERTIFICATE.pdf | - |
| Fortune Center -Licence Copy | - |
| SANCATION LOW | - |
| SANCATION HIGH | - |
| PROFORMA OF - DEED OF SALE (1) | - |
| PROFORMA OF AGREEMENT FOR SALE (1) | - |
| sale deed | - |
| SANCATION LOW | - |
| SANCATION LOW | - |
| Brochure | - |
| SPECIFICATION | - |
| EC | - |
| Section 3(1) Notarized Affidavit | - |
| NOTRIZE AFIDAVITH | - |
| GARAMA PANCHAYATHA 9-11- EKATHA | - |
| 9-11 | - |
| GRAMA PANCHAYATHA NOC | - |
| conversion 2 | - |
| MESCOM NOC | - |
| SANCATION LOW | - |
| SPECIFICATION | - |
| Conversion 1 | - |
| Balance Sheet 2017 - 2018File: Balance Sheet 17-18.jpg | - |
| Balance Sheet 2016 - 2017File: Balance Sheet 16-17.jpg | - |
| Audited Profit and Loss Statement 2017 - 2018File: P&L 17-18.jpg | - |
| Audited Profit and Loss Statement 2016 - 2017File: P&L 16-17.jpg | - |
| Director's Report 2017 - 2018File: Audit Report 17-18.jpg | - |
| Director's Report 2016 - 2017File: Auditor Report 16-17.jpg | - |
| Cash Flow Statement 2017 - 2018File: Cash Flow 17-18.pdf | - |
| Cash Flow Statement 2016 - 2017File: Cash Floq 16-17.pdf | - |
| Auditor's Report 2017 - 2018File: Audit Report 17-18.jpg | - |
| Auditor's Report 2016 - 2017File: Auditor Report 16-17.jpg | - |
| Income Tax Return Acknowledgement 2017 - 2018File: Tax Acknowledgement 17-18.jpg | - |
| Income Tax Return Acknowledgement 2016 - 2017File: Return Acknowledgement 16-17.jpg | - |
| FROM B_compressed | - |
| Prospectus/BrochureFile: Brochure.pdf | - |
| Tower Excel SheetFile: PRM_KA_RERA_1273_319_PR_191116_003015.xlsx | - |
| Occupancy CertificateFile: COMPLETION CERTIFICATE.jpeg | - |
| Affidavit cum declaration from promoter for having completed the project as per specification and as per adverFile: broucher.pdf | - |
| DODFile: Deed of Declaration.pdf | - |
| SALE DEEDFile: sale deed.pdf | - |
| REGISTERED SALE AGREEMENTFile: Registered Sale Agreement.pdf | - |
| 9/11File: 911A (3-1854G1).pdf | - |
| 9/11File: 911A(3-1854G2).pdf | - |
Comparing a few projects?
You have opened several on ReraGenie. A free account keeps them in one list with their booking and possession figures, and puts two to six of them side by side.
How this compares with Udupi
Computed across the 260+ Udupi projects on ReraGenie, from their own filings.
Keep FORTUNE CENTER 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 Udupi260+ in Udupi
GRASSLANDS - LAKESIDE
GRAZLANZ PROPERTIES LLP
MANDAVI DOWNTOWN
MANDAVI CONSTRUCTIONS
KIRTHI PALMVILLE PHASE II
KIRTHI CONSTRUCTION
RAINTREE
VINIT S AMIN
MANDAVI ROYAL GARDEN
MANDAVI INFRASTRUCTURES
Mandavi Casa Grande
J J Builders and Developers
See every Udupi project, with the district possession charts
Builder: FORTUNE PROMOTERS
FORTUNE PROMOTERS has 3 registrations on RERA Karnataka, including FORTUNE LOTUS COMMERCIAL VENTURE and FORTUNE ORCHID. Its filings disclose 4 earlier RERA Karnataka projects, none completed yet. Read the full track record. See more projects on the Udupi district page.
Frequently asked questions
What are my rights if FORTUNE CENTER is delayed beyond 30 Dec 2020?
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 FORTUNE CENTER?
The registered promoter entity is FORTUNE PROMOTERS, 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 FORTUNE CENTER?
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 CENTER?
The professionals named in the filing: Architect: VEERENDRA SHETTIGHAR; Engineer: KUMAR GOWDA. 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 CENTER?
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.
Report an error Share feedback