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Valid until 15 Aug 2023 Mixed Development project

LOTUS HEIGHTS

By KARUNA BUILDCON

RG-GJ-01750 · RERA PR/GJ/GANDHINAGAR/GANDHINAGAR/Others/MAA06949/220420 · Last updated on GujRERA portal: 6 Aug 2023

Source: official GujRERA filing

Red flags

  • No red flags in this filing

Clear

  • Completion date never moved
  • Separate project account declared
Aug 2023Possession promisedno revision filed
26 of 27Construction stages doneacross 3 buildings; furthest along: Sanitary fittings within the flats, 0%
19 of 125Units unsoldnot recorded sold or booked
Jump to the 43 documents Report an error

LOTUS HEIGHTS is a Mixed Development project by KARUNA BUILDCON in Gandhinagar, Gujarat, registered with GujRERA as PR/GJ/GANDHINAGAR/GANDHINAGAR/Others/MAA06949/220420 on 22 Apr 2020. Possession is promised by 15 Aug 2023. 106 of the 125 units on this registration are recorded sold or booked, and 26 of 27 construction stages are filed complete.

At a glance

Project

  • NameLOTUS HEIGHTS
  • TypeMixed Development
  • Location
    • SURVEY NO.98/2/A/B &98/1
    • KOBA
    • GANDHINAGAR
    • Koba
    • Gandhinagar
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR/GJ/GANDHINAGAR/GANDHINAGAR/Others/MAA06949/220420
  • ReraGenie IDRG-GJ-01750

Builder

  • NameKARUNA BUILDCON
  • Entity typePARTNERSHIP FIRM

Key dates

this monthRegisteredApr 2020PromisedAug 2023

Key facts

Registration and timeline

  • StatusValid until 15 Aug 2023
  • Registered on22 Apr 2020
  • Promised completion15 Aug 2023
  • Revised completionNone
  • Buildings3 building records
  • Documents filed43 files

Current status

85%106 of 125 units booked
100.0%Of the estimated cost spent so far

Figures as on 6 Aug 2023, this project's latest GujRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
A---351146
B---361551
C---28028

The full filing

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

Construction progress by building3

As on 6 Aug 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.

26 of 27 construction stages are filed complete across 3 buildings. The stage furthest along is Sanitary fittings within the flats, at 0%.

A89%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt Floor100%
Slabs of Super Structure100%
Internal walls, internal plaster, floorings, doors and windows within flats100%
Sanitary fittings within the flats0%
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%
B100%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt Floor100%
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%
C100%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt Floor100%
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 6 Aug 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 footpathsYes100%
Water supplyYes100%
Sewerage (chamber, lines, septic tank, STP)Yes100%
Storm water drainsNoNot applicable
Landscaping and tree plantingYes100%
Street lightingYes100%
Community buildingsNoNot applicable
Treatment and disposal of sewage and sullage waterYes0%
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 fightingYes100%
Drinking water facilitiesNoNot applicable
Emergency evacuationYes0%
Use of renewable energyNoNot applicable
SecurityYes100%
Letter boxYes0%

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 area5,121 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 17.81 cr
Cost incurredRs 17.81 cr
Spent of the estimate100.0%
BuildingWingEstimatedIncurred
ANARs 5.94 crRs 5.94 cr
BNARs 5.94 crRs 5.94 cr
CNARs 5.94 crRs 5.94 cr

Certifying professionals and partners1

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

RoleName
ArchitecttHE gRID Architects

Documents filed43

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/GANDHINAGAR/GANDHINAGAR/Others/MAA06949/220420 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)6 Aug 2023
Architect's certificate (Form 1)4 Aug 2023
Engineer's certificate (Form 2)4 Aug 2023
Engineer's certificate annexure4 Aug 2023
Site photograph, A4 Aug 2023
Site photograph, B4 Aug 2023
Site photograph, C4 Aug 2023
RERA registration certificate22 Apr 2020
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-
Title clearance certificate-
Title report-
Property card-
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 Gandhinagar

85%of this project is bookeddistrict median 53%
16%of Gandhinagar projects moved their completion datethis one has not

Computed across the 1,600+ Gandhinagar projects on ReraGenie, from their own filings.

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Other projects near Koba1,600+ in Gandhinagar

2 kmLOTUS HEIGHTSOther 128Dot size: filed unitsN

Filed coordinates, straight-line distance. 128 registered projects within 2 km.

Builder: KARUNA BUILDCON

KARUNA BUILDCON has 1 registration on GujRERA, including LOTUS HEIGHTS. Read the full track record. See more projects on the Gandhinagar district page.

Frequently asked questions

What are my rights if LOTUS HEIGHTS is delayed beyond 15 Aug 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 LOTUS HEIGHTS?

The registered promoter entity is KARUNA BUILDCON, 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 HEIGHTS?

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 HEIGHTS?

The professionals named in the filing: Architect: tHE gRID Architects. 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 HEIGHTS?

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 GujRERA, and we read every report.

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