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Valid until 30 Dec 2019 Residential/Group Housing project

MAGNOLIA RESIDENCY

By MAGNOLIA INFRA

RG-GJ-64187 · RERA PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/RAA00447/EX1/200219 · Last updated on GujRERA portal: 7 Nov 2019

Source: official GujRERA filing

Red flags

  • Completion date moved by 12 months
  • 1 extension taken

Clear

  • Separate project account declared
Dec 2019Possession promisedmoved 12 months from the original
26 of 26Construction stages doneacross 3 buildings; every applicable stage filed complete
51 of 110Units unsoldnot recorded sold or booked
Jump to the 41 documents Report an error

MAGNOLIA RESIDENCY is a Residential/Group Housing project by MAGNOLIA INFRA in Ahmedabad, Gujarat, registered with GujRERA as PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/RAA00447/EX1/200219 on 14 Oct 2017. Possession is promised by 30 Dec 2019. The completion date has moved by 12 months from the original filing. 59 of the 110 units on this registration are recorded sold or booked, and 26 of 26 construction stages are filed complete.

At a glance

Project

  • NameMAGNOLIA RESIDENCY
  • TypeResidential/Group Housing
  • Location
    • Magnolia Residency
    • Nexy to Pruthvi Tower
    • Near Jodhpur Cross Road
    • Satellite
    • Jodhpur
    • Ahmedabad City
    • Ahmedabad
    • 380015
  • Pincode380015
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/RAA00447/EX1/200219
  • ReraGenie IDRG-GJ-64187

Builder

  • NameMAGNOLIA INFRA
  • Entity typePARTNERSHIP FIRM

Key dates

this monthRegisteredOct 2017First promiseDec 2018Revised toDec 2019

Key facts

Registration and timeline

  • StatusValid until 30 Dec 2019
  • Registered on14 Oct 2017
  • Promised completion30 Dec 2019
  • Revised completionRevised to 30 Dec 2019 (originally 30 Dec 2018)
  • Buildings3 building records
  • Documents filed41 files

Current status

54%59 of 110 units booked
100.0%Of the estimated cost spent so far

Figures as on 7 Nov 2019, this project's latest GujRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
BLOCK A---44044
BLOCK B---22022
BLOCK C---44044

The full filing

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

Construction progress by building3

As on 7 Nov 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.

26 of 26 construction stages are filed complete across 3 buildings.

BLOCK A100%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
PlinthNot applicable
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%
BLOCK 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%
BLOCK 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 7 Nov 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 facilityProposedProgress
Internal roads and footpathsYes100%
Water supplyYes100%
Sewerage (chamber, lines, septic tank, STP)Yes100%
Storm water drainsYes100%
Landscaping and tree plantingYes100%
Street lightingYes100%
Community buildingsYes100%
Treatment and disposal of sewage and sullage waterNoNot applicable
Solid waste management and disposalNoNot applicable
Water conservation, rain water harvestingYes100%
Energy managementNoNot applicable
Fire protection and fire safety requirementsYes100%
Electrical meter room, sub-station, receiving stationYes100%
Fire fightingYes100%
Drinking water facilitiesNoNot applicable
Emergency evacuationNoNot applicable
Use of renewable energyNoNot applicable
SecurityYes100%
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 area4,899 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 27.70 cr
Cost incurredRs 27.70 cr
Spent of the estimate100.0%
BuildingWingEstimatedIncurred
BLOCK ANARs 9.23 crRs 9.23 cr
BLOCK BNARs 9.23 crRs 9.23 cr
BLOCK CNARs 9.23 crRs 9.23 cr

Certifying professionals and partners2

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

RoleName
Architect9th Street Architects
EngineerAmee Associates

Extensions applied for1

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

PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/RAA00447/EX1/200219Applied Dec 2018; approved Feb 2019

Documents filed41

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/AHMEDABAD/AHMEDABAD CITY/AUDA/RAA00447/EX1/200219 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)7 Nov 2019
Architect's certificate (Form 1)5 Nov 2019
Engineer's certificate (Form 2)5 Nov 2019
Engineer's certificate annexure5 Nov 2019
Site photograph, BLOCK A5 Nov 2019
Site photograph, BLOCK B5 Nov 2019
Site photograph, BLOCK C5 Nov 2019
Site photograph, BLOCK C5 Nov 2019
RERA registration certificate14 Oct 2017
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 Ahmedabad

54%of this project is bookeddistrict median 53%
14%of Ahmedabad projects moved their completion datethis one moved by 12 months

Computed across the 5,400+ Ahmedabad projects on ReraGenie, from their own filings.

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Other projects near Jodhpur5,400+ in Ahmedabad

2 kmMAGNOLIA RESIDENCYOther 123Dot size: filed unitsN

Filed coordinates, straight-line distance. 123 registered projects within 2 km.

Builder: MAGNOLIA INFRA

MAGNOLIA INFRA has 1 registration on GujRERA, including MAGNOLIA RESIDENCY. Read the full track record. See more projects on the Ahmedabad district page.

Frequently asked questions

What are my rights if MAGNOLIA RESIDENCY is delayed beyond 30 Dec 2019?

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 MAGNOLIA RESIDENCY?

The registered promoter entity is MAGNOLIA 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 MAGNOLIA RESIDENCY?

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 MAGNOLIA RESIDENCY?

The professionals named in the filing: Architect: 9th Street Architects; Engineer: Amee Associates. 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 MAGNOLIA RESIDENCY?

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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