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Valid until 30 Jun 2023 Commercial project

INTERNATIONAL TEXTILE MARKET

By I T M INFRA

RG-GJ-06970 · RERA PR/GJ/SURAT/SURAT CITY/SUDA/CAA01291/A1C/EX1/290922 · Last updated on GujRERA portal: 8 Jun 2023

Source: official GujRERA filing

Red flags

  • Completion date moved by 12 months
  • 1 extension taken

Clear

  • Separate project account declared
Jun 2023Possession promisedmoved 12 months from the original
1 of 8Construction stages donefurthest along: Plinth, 95%
99 of 951Units unsoldnot recorded sold or booked
Jump to the 38 documents Report an error

INTERNATIONAL TEXTILE MARKET is a Commercial project by I T M INFRA in Surat, Gujarat, registered with GujRERA as PR/GJ/SURAT/SURAT CITY/SUDA/CAA01291/A1C/EX1/290922 on 11 Jan 2018. Possession is promised by 30 Jun 2023. The completion date has moved by 12 months from the original filing. 852 of the 951 units on this registration are recorded sold or booked, and 1 of 8 construction stages are filed complete.

At a glance

Project

  • NameINTERNATIONAL TEXTILE MARKET
  • TypeCommercial
  • Location
    • Final Plot No. 38/B
    • Block No.38
    • T.P. Scheme No. 61
    • Next to SMC party Plot
    • Puna Godadara Road
    • Parvat
    • Surat City
    • Surat
    • 395012
  • Pincode395012
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR/GJ/SURAT/SURAT CITY/SUDA/CAA01291/A1C/EX1/290922
  • ReraGenie IDRG-GJ-06970

Builder

  • NameI T M INFRA
  • Entity typePARTNERSHIP FIRM

Key dates

this monthRegisteredJan 2018First promiseJun 2022Revised toJun 2023

Key facts

Registration and timeline

  • StatusValid until 30 Jun 2023
  • Registered on11 Jan 2018
  • Promised completion30 Jun 2023
  • Revised completionRevised to 30 Jun 2023 (originally 30 Jun 2022)
  • Buildings1 building record
  • Documents filed38 files

Current status

90%852 of 951 units booked
59.5%Of the estimated cost spent so far

Figures as on 8 Jun 2023, this project's latest GujRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
A+B+C+D+E+F---0951951

The full filing

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

Construction progress by building1

As on 8 Jun 2023, 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.

1 of 8 construction stages are filed complete. The stage furthest along is Plinth, at 95%.

A+B+C+D+E+F: 84% average across the applicable activities

ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth95%
Stilt FloorNot applicable
Slabs of Super Structure95%
Internal walls, internal plaster, floorings, doors and windows within flats95%
Sanitary fittings within the flats75%
Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks95%
External plumbing and external plaster, elevation, completion of terraces with waterproofing70%
Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing50%

Progress on shared amenities19

As on 8 Jun 2023, 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 supplyYes0%
Sewerage (chamber, lines, septic tank, STP)Yes0%
Storm water drainsYes0%
Landscaping and tree plantingYes0%
Street lightingYes0%
Community buildingsNoNot applicable
Treatment and disposal of sewage and sullage waterNoNot applicable
Solid waste management and disposalNoNot applicable
Water conservation, rain water harvestingYes0%
Energy managementNoNot applicable
Fire protection and fire safety requirementsYes0%
Electrical meter room, sub-station, receiving stationYes0%
Fire fightingNoNot applicable
Drinking water facilitiesNoNot applicable
Emergency evacuationNoNot applicable
Use of renewable energyNoNot applicable
SecurityNoNot applicable
Letter boxNoNot 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 area19,598 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 accountDeclared
Estimated costRs 187.26 cr
Cost incurredRs 111.43 cr
Spent of the estimate59.51%
BuildingWingEstimatedIncurred
A+B+C+D+E+FNARs 187.26 crRs 111.43 cr

Certifying professionals and partners2

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

RoleName
ArchitectKaushal Sureshbhai laheri
EngineerHEMANT A SHUKLA

Extensions applied for1

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

PR/GJ/SURAT/SURAT CITY/SUDA/CAA01291/A1C/EX1/290922Applied Jul 2022; approved Sep 2022

Documents filed38

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/SURAT/SURAT CITY/SUDA/CAA01291/A1C/EX1/290922 on the GujRERA portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
Accountant's certificate (Form 3)8 Jun 2023
Architect's certificate (Form 1)6 May 2023
Engineer's certificate (Form 2)6 May 2023
Engineer's certificate annexure6 May 2023
Site photograph, A+B+C+D+E+F6 May 2023
RERA registration certificate11 Jan 2018
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)-
Commencement certificate-
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-
Project photograph-
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 Surat

90%of this project is bookeddistrict median 39%
15%of Surat projects moved their completion datethis one moved by 12 months

Computed across the 2,600+ Surat projects on ReraGenie, from their own filings.

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Other projects near Parvat2,600+ in Surat

2 kmINTERNATIONAL TEXTILE MAOther 111Dot size: filed unitsN

Filed coordinates, straight-line distance. 111 registered projects within 2 km.

Builder: I T M INFRA

I T M INFRA has 1 registration on GujRERA, including INTERNATIONAL TEXTILE MARKET. Read the full track record. See more projects on the Surat district page.

Frequently asked questions

What are my rights if INTERNATIONAL TEXTILE MARKET is delayed beyond 30 Jun 2023?

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 INTERNATIONAL TEXTILE MARKET?

The registered promoter entity is I T M 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 INTERNATIONAL TEXTILE MARKET?

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 INTERNATIONAL TEXTILE MARKET?

The professionals named in the filing: Architect: Kaushal Sureshbhai laheri; Engineer: HEMANT A SHUKLA. 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 INTERNATIONAL TEXTILE MARKET?

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 GujRERA, and we read every report.

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