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FORTUNE HIGHWAY-2
RG-KA-88023 · RERA PRM/KA/RERA/1257/478/PR/210208/003882 · Last updated on RERA Karnataka portal: 28 Jan 2021
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No complaints on record
- Completion date never moved
- Separate project account declared
Saved.
FORTUNE HIGHWAY-2 is a Mixed Development project by FORTUNE PROMOTERS in Dakshina Kannada, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1257/478/PR/210208/003882 on 8 Feb 2021. Possession is promised by 31 Dec 2025.
At a glance
Project
- NameFORTUNE HIGHWAY-2
- TypeMixed Development
- Location
- Moodabidri
- Dakshina Kannada
- PincodeNot stated
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1257/478/PR/210208/003882
- ReraGenie IDRG-KA-88023
Builder
- NameFORTUNE PROMOTERS
- Entity typePartnership Firm
- Authorized SignatoryMAHENDRA VARMA JAIN
- OthersRESHMA VARMA, ROBERT RONALD FERNANDES, MAHENDRA VARMA JAIN, DENIS PEREIRA, PRAVEEN EDWIN DSOUZA, SAIRA BANU, HENCIL REENA NAVITHA DSOUZA, ABULAL PUTHIGE
- Other registrations7 more →
- Declared earlier projects7 →
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on8 Feb 2021
- Promised completion31 Dec 2025
- Revised completionNone
- Buildings1 building record
- Documents filed72 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| FORTUNE HIGHWAY-2 | - | - | - | - | - | 85 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
As on 28 Jan 2021, 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.
Building:
| Activity | Progress |
|---|---|
| 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 work | Not 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 drawings | - |
Progress on shared amenities41
As on 28 Jan 2021, 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 | Yes | - |
| Street Lighting | No | Not applicable |
| Provision for community buildings and for treatment and disposal of sewage and sullage water | Yes | - |
| Solid waste management and disposal | Yes | - |
| Water conservation | No | Not applicable |
| Energy management | Yes | - |
| 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 | Yes | - |
| Swimming Pool | No | Not applicable |
| Gym | Yes | - |
| Parks | No | Not applicable |
| Power Backup | Yes | - |
| Gas | Yes | - |
| Water and Sanitation | No | Not applicable |
| 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 | Yes | - |
| 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 | H.Anand Bhat |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed72
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/1257/478/PR/210208/003882 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| BANK ACCOUNT IN PROJECT NAMEFile: pass bbok copy.jpg | 28 Jan 2021 |
| CertificateFile: FIRM CERTIFICATE.pdf | - |
| Building Licence_compressed | - |
| Approved Building Plan | - |
| Single layout | - |
| PROFORMA OF - DEED OF SALE-converted | - |
| PROFORMA OF AGREEMENT FOR SALE-converted | - |
| SALE DEED AND RTC | - |
| Single layout | - |
| Addedum to Partnership Deed-Attested | - |
| Allotment Letter (1)-converted-converted | - |
| Fortune Highway 2 E Brochure Final_compressed | - |
| SPECIFICATION_compressed | - |
| EC 01042005-15012021 | - |
| Affidavit_compressed | - |
| Affidavit_compressed | - |
| Katha | - |
| PARTNERSHIP DEED MERGE | - |
| SALE DEED | - |
| COVERSION ORDER MERGE_compressed | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Fire NOC- Highway 2_compressed | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Pollution -NOC | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Approved Building Plan | - |
| Single layout | - |
| COVERSION ORDER MERGE_compressed | - |
| Unnamed document | - |
| Balance Sheet 2019 - 2020File: Balance Sheet 19-20.pdf | - |
| Balance Sheet 2018 - 2019File: Balance Sheet 2018-19.pdf | - |
| Balance Sheet 2017 - 2018File: Balance Sheet 17-18_compressed.pdf | - |
| Audited Profit and Loss Statement 2019 - 2020File: P_L Statement 19-20_compressed.pdf | - |
| Audited Profit and Loss Statement 2018 - 2019File: P_L Statement 2018-19.pdf | - |
| Audited Profit and Loss Statement 2017 - 2018File: P_L 17-18_compressed.pdf | - |
| Director's Report 2019 - 2020File: Audit Report 19-20_compressed.pdf | - |
| Director's Report 2018 - 2019File: Audit Report 2018-19_compressed.pdf | - |
| Director's Report 2017 - 2018File: Audit Report 17-18_compressed.pdf | - |
| Cash Flow Statement 2019 - 2020File: Cash Flow 19-20.pdf | - |
| Cash Flow Statement 2018 - 2019File: Cash Flow Statement-2018-19_compressed.pdf | - |
| Auditor's Report 2019 - 2020File: Audit Report 19-20_compressed.pdf | - |
| Auditor's Report 2018 - 2019File: Audit Report 2018-19_compressed.pdf | - |
| Auditor's Report 2017 - 2018File: Audit Report 17-18_compressed.pdf | - |
| Income Tax Return Acknowledgement 2019 - 2020File: ITR Acknowledgement 19-20_compressed.pdf | - |
| Income Tax Return Acknowledgement 2018 - 2019File: ITR Acknowledgement 2018-19_compressed.pdf | - |
| Income Tax Return Acknowledgement 2017 - 2018File: Tax Acknowledgement 17-18_compressed.pdf | - |
| Affidavit cum declaration_compressed | - |
| Prospectus/BrochureFile: Fortune Highway 2 E Brochure Final.pdf | - |
| Tower Excel SheetFile: PRM_KA_RERA_1257_478_PR_210208_003882.xlsx | - |
| Stability CertificateFile: Completion Certificate by engineer.jpg | - |
| Occupancy CertificateFile: Occupency Cft -FH2.pdf | - |
| Architect certificate for having completed the work(in format no 5)File: Form 5 -Architects Cft(Completion).pdf | - |
| Chartered Accountant certificate for having completed the work(in format no 4)File: Form 4-CC Fortune Highway 2.pdf | - |
| Affidavit cum declaration from promoter for having completed the project as per specification and as per adverFile: Affidavit completion.pdf | - |
| engineer certificateFile: Form 6-Engineer Cft (Completion).pdf | - |
| completion certificateFile: completion certificatre.pdf | - |
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Builder: FORTUNE PROMOTERS
FORTUNE PROMOTERS has 8 registrations on RERA Karnataka, including FORTUNE HILL SIDE and FORTUNE GALAXY. Its filings declare 7 earlier projects, 2 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 FORTUNE HIGHWAY-2 is delayed beyond 31 Dec 2025?
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 HIGHWAY-2?
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 HIGHWAY-2?
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 HIGHWAY-2?
The professionals named in the filing: Architect: VEERENDRA SHETTIGHAR; Engineer: H.Anand Bhat. 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 HIGHWAY-2?
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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