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LOTUS CORPORATE
RG-GJ-88129 · RERA PR/GJ/BHAVNAGAR/BHAVNAGAR/Others/CAA04745/EX1/161219 · Last updated on GujRERA portal: 6 Dec 2019
Source: official GujRERA filing
Red flags
- Completion date moved by 12 months
- 1 extension taken
Clear
- Separate project account declared
Saved.
LOTUS CORPORATE is a Commercial project by Lotus Real Estate in Bhavnagar, Gujarat, registered with GujRERA as PR/GJ/BHAVNAGAR/BHAVNAGAR/Others/CAA04745/EX1/161219 on 24 Jan 2019. Possession is promised by 1 Aug 2020. The completion date has moved by 12 months from the original filing. 0 of the 16 units on this registration are recorded sold or booked, and 3 of 8 construction stages are filed complete.
At a glance
Project
- NameLOTUS CORPORATE
- TypeCommercial
- Location
- PLOT NO. 734/734A
- VIJAYRAJNAGAR
- Bhavnagar
- 364003
- Pincode364003
- MapView location on Google Maps (as filed on RERA)
- RERA no.PR/GJ/BHAVNAGAR/BHAVNAGAR/Others/CAA04745/EX1/161219
- ReraGenie IDRG-GJ-88129
Builder
- NameLotus Real Estate
- Entity typePARTNERSHIP FIRM
Key dates
Key facts
Registration and timeline
- StatusValid until 1 Aug 2020
- Registered on24 Jan 2019
- Promised completion1 Aug 2020
- Revised completionRevised to 1 Aug 2020 (originally 5 Aug 2019)
- Buildings1 building record
- Documents filed38 files
Current status
Figures as on 6 Dec 2019, this project's latest GujRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| A | - | - | - | 0 | 16 | 16 |
The full filing
Everything below is from the project's own GujRERA filing, free to read.
Construction progress by building1
As on 6 Dec 2019, 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.
3 of 8 construction stages are filed complete. The stage furthest along is Internal walls, at 85%.
A: 82% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | Not applicable |
| Slabs of Super Structure | 100% |
| Internal walls, internal plaster, floorings, doors and windows within flats | 85% |
| Sanitary fittings within the flats | 20% |
| Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks | 85% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing | 85% |
| Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing | 85% |
Progress on shared amenities19
As on 6 Dec 2019, 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 |
|---|---|---|
| Internal roads and footpaths | No | Not applicable |
| Water supply | Yes | 20% |
| Sewerage (chamber, lines, septic tank, STP) | No | Not applicable |
| Storm water drains | No | Not applicable |
| Landscaping and tree planting | No | Not applicable |
| Street lighting | No | Not applicable |
| Community buildings | No | Not applicable |
| Treatment and disposal of sewage and sullage water | No | Not applicable |
| Solid waste management and disposal | No | Not applicable |
| Water conservation, rain water harvesting | Yes | 30% |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 30% |
| Fire fighting | No | Not applicable |
| Drinking water facilities | No | Not applicable |
| Emergency evacuation | No | Not applicable |
| Use of renewable energy | No | Not applicable |
| Security | No | Not applicable |
| Letter box | 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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| A | NA | Rs 90.00 lakh | Rs 76.50 lakh |
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | ALOK H. BHATT |
| Engineer | BHAVESH VYAS |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
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/BHAVNAGAR/BHAVNAGAR/Others/CAA04745/EX1/161219 on the GujRERA portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Accountant's certificate (Form 3) | 6 Dec 2019 |
| Architect's certificate (Form 1) | 6 Nov 2019 |
| Site photograph, A | 6 Nov 2019 |
| RERA registration certificate | 24 Jan 2019 |
| 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) | - |
| Engineer's certificate (Form 2) | - |
| Engineer's certificate annexure | - |
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Builder: Lotus Real Estate
Lotus Real Estate has 1 registration on GujRERA, including LOTUS CORPORATE. Read the full track record. See more projects on the Bhavnagar district page.
Frequently asked questions
What are my rights if LOTUS CORPORATE is delayed beyond 1 Aug 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 GujRERA.
How do I verify and contact the developer of LOTUS CORPORATE?
The registered promoter entity is Lotus Real Estate, 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 LOTUS CORPORATE?
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 LOTUS CORPORATE?
The professionals named in the filing: Architect: ALOK H. BHATT; Engineer: BHAVESH VYAS. 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 LOTUS CORPORATE?
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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