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Valid until 30 Dec 2023 Residential/Group Housing project

Karmabhumi Dream City

By Aakruts Commotrade Private Limited

RG-GJ-70196 · RERA PR/GJ/VALSAD/PARDI/Others/RAA03097/EX2/070222 · Last updated on GujRERA portal: 7 Jan 2023

Source: official GujRERA filing

Red flags

  • Completion date moved by 36 months
  • 3 extensions taken

Clear

  • Separate project account declared
Dec 2023Possession promisedmoved 36 months from the original
33 of 40Construction stages doneacross 5 buildings; furthest along: Sanitary fittings within the flats, 95%
56 of 227Units unsoldnot recorded sold or booked
Jump to the 48 documents Report an error

Karmabhumi Dream City is a Residential/Group Housing project by Aakruts Commotrade Private Limited in Valsad, Gujarat, registered with GujRERA as PR/GJ/VALSAD/PARDI/Others/RAA03097/EX2/070222 on 5 Jul 2018. Possession is promised by 30 Dec 2023. The completion date has moved by 36 months from the original filing. 171 of the 227 units on this registration are recorded sold or booked, and 33 of 40 construction stages are filed complete.

At a glance

Project

  • NameKarmabhumi Dream City
  • TypeResidential/Group Housing
  • Location
    • Near DCO School
    • Station Road
    • Near Balakhadi
    • Killa pardi
    • Pardi
    • Valsad
    • 396125
  • Pincode396125
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR/GJ/VALSAD/PARDI/Others/RAA03097/EX2/070222
  • ReraGenie IDRG-GJ-70196

Builder

  • NameAakruts Commotrade Private Limited
  • Entity typeCOMPANY
  • Other registrations1 more →

Key dates

this monthRegisteredJul 2018First promiseDec 2020Revised toDec 2023

Key facts

Registration and timeline

  • StatusValid until 30 Dec 2023
  • Registered on5 Jul 2018
  • Promised completion30 Dec 2023
  • Revised completionRevised to 30 Dec 2023 (originally 30 Dec 2020)
  • Buildings5 building records
  • Documents filed48 files

Current status

75%171 of 227 units booked
93.9%Of the estimated cost spent so far

Figures as on 7 Jan 2023, this project's latest GujRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
ROW HOUSE---1070107
A---60060
B---60060
ROW HOUSE---1070107
ROW HOUSE---1070107

The full filing

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

Construction progress by building5

As on 7 Jan 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.

33 of 40 construction stages are filed complete across 5 buildings. The stage furthest along is Sanitary fittings within the flats, at 95%.

ROW HOUSE94%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt FloorNot applicable
Slabs of Super Structure90%
Internal walls, internal plaster, floorings, doors and windows within flats90%
Sanitary fittings within the flats95%
Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks95%
External plumbing and external plaster, elevation, completion of terraces with waterproofing95%
Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing90%
A100%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt FloorNot applicable
Slabs of Super Structure100%
Internal walls, internal plaster, floorings, doors and windows within flats100%
Sanitary fittings within the flats100%
Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks100%
External plumbing and external plaster, elevation, completion of terraces with waterproofing100%
Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing100%
B96%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt FloorNot applicable
Slabs of Super Structure100%
Internal walls, internal plaster, floorings, doors and windows within flats100%
Sanitary fittings within the flats100%
Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks100%
External plumbing and external plaster, elevation, completion of terraces with waterproofing100%
Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing65%
ROW HOUSE100%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt FloorNot applicable
Slabs of Super Structure100%
Internal walls, internal plaster, floorings, doors and windows within flats100%
Sanitary fittings within the flats100%
Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks100%
External plumbing and external plaster, elevation, completion of terraces with waterproofing100%
Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing100%
ROW HOUSE100%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt FloorNot applicable
Slabs of Super Structure100%
Internal walls, internal plaster, floorings, doors and windows within flats100%
Sanitary fittings within the flats100%
Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks100%
External plumbing and external plaster, elevation, completion of terraces with waterproofing100%
Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing100%

Progress on shared amenities19

As on 7 Jan 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 footpathsYes65%
Water supplyNoNot applicable
Sewerage (chamber, lines, septic tank, STP)Yes60%
Storm water drainsYes60%
Landscaping and tree plantingYes20%
Street lightingYes40%
Community buildingsNoNot applicable
Treatment and disposal of sewage and sullage waterNoNot applicable
Solid waste management and disposalNoNot applicable
Water conservation, rain water harvestingNoNot applicable
Energy managementNoNot applicable
Fire protection and fire safety requirementsYes0%
Electrical meter room, sub-station, receiving stationYes30%
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 area23,773 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 27.98 cr
Cost incurredRs 26.26 cr
Spent of the estimate93.86%
BuildingWingEstimatedIncurred
ANARs 5.60 crRs 5.25 cr
BNARs 5.60 crRs 5.25 cr
ROW HOUSENARs 5.60 crRs 5.25 cr
ROW HOUSENARs 5.60 crRs 5.25 cr
ROW HOUSENARs 5.60 crRs 5.25 cr

Certifying professionals and partners2

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

RoleName
ArchitectCharmi H. Patel
EngineerDipali M. Desai

Extensions applied for3

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

PR/GJ/VALSAD/PARDI/Others/RAA03097/EX1/291220Applied Nov 2020; approved Dec 2020
PR/GJ/VALSAD/PARDI/Others/RAA03097/EX2/070222Applied Dec 2021; approved Feb 2022
ExtensionApplied Jan 2023; no approval date filed

Documents filed48

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/VALSAD/PARDI/Others/RAA03097/EX2/070222 on the GujRERA portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
Architect's certificate (Form 1)7 Jan 2023
Site photograph, ROW HOUSE7 Jan 2023
Site photograph, A7 Jan 2023
Site photograph, A7 Jan 2023
Site photograph, B7 Jan 2023
Site photograph, B7 Jan 2023
Site photograph, ROW HOUSE7 Jan 2023
Site photograph, ROW HOUSE7 Jan 2023
Site photograph, ROW HOUSE7 Jan 2023
Site photograph, ROW HOUSE7 Jan 2023
Site photograph, ROW HOUSE7 Jan 2023
Site photograph, ROW HOUSE7 Jan 2023
Accountant's certificate (Form 3)5 Nov 2022
Engineer's certificate (Form 2)4 Nov 2022
Engineer's certificate annexure4 Nov 2022
RERA registration certificate5 Jul 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 Valsad

75%of this project is bookeddistrict median 45%
23%of Valsad projects moved their completion datethis one moved by 36 months

Computed across the 390+ Valsad projects on ReraGenie, from their own filings.

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Other projects near Pardi390+ in Valsad

2 kmKarmabhumi Dream CityOther 21Dot size: filed unitsN

Filed coordinates, straight-line distance. 21 registered projects within 2 km.

Builder: Aakruts Commotrade Private Limited

Aakruts Commotrade Private Limited has 2 registrations on GujRERA, including Karmabhumi Heights and Karmabhumi Dream City. Read the full track record. See more projects on the Valsad district page.

Frequently asked questions

What are my rights if Karmabhumi Dream City is delayed beyond 30 Dec 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 Karmabhumi Dream City?

The registered promoter entity is Aakruts Commotrade Private Limited, a company 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 Karmabhumi Dream City?

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 Karmabhumi Dream City?

The professionals named in the filing: Architect: Charmi H. Patel; Engineer: Dipali M. Desai. 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 Karmabhumi Dream City?

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

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