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Valid until 31 Dec 2022 Commercial project

Milestone Fiesta

By FIESTA CORPORATION

RG-GJ-75591 · RERA PR/GJ/SURAT/SURAT CITY/SUDA/CAA02424/EX2/091122 · Last updated on GujRERA portal: 22 Dec 2022

Source: official GujRERA filing

Red flags

  • Completion date moved by 18 months
  • 2 extensions taken

Clear

  • Separate project account declared
Dec 2022Possession promisedmoved 18 months from the original
9 of 9Construction stages doneevery applicable stage filed complete
1 of 38Units unsoldnot recorded sold or booked
Jump to the 41 documents Report an error

Milestone Fiesta is a Commercial project by FIESTA CORPORATION in Surat, Gujarat, registered with GujRERA as PR/GJ/SURAT/SURAT CITY/SUDA/CAA02424/EX2/091122 on 20 Apr 2018. Possession is promised by 31 Dec 2022. The completion date has moved by 18 months from the original filing. 37 of the 38 units on this registration are recorded sold or booked, and 9 of 9 construction stages are filed complete.

At a glance

Project

  • NameMilestone Fiesta
  • TypeCommercial
  • Location
    • R.S. NO. 64/1
    • O.P. NO. 80 F.P. NO. 126
    • T.P. NO. 31 (ADAJAN)
    • SURAT
    • Adajan
    • Surat City
    • Surat
    • 395009
  • Pincode395009
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR/GJ/SURAT/SURAT CITY/SUDA/CAA02424/EX2/091122
  • ReraGenie IDRG-GJ-75591

Builder

  • NameFIESTA CORPORATION
  • Entity typePARTNERSHIP FIRM

Key dates

this monthRegisteredApr 2018First promiseJun 2021Revised toDec 2022

Key facts

Registration and timeline

  • StatusValid until 31 Dec 2022
  • Registered on20 Apr 2018
  • Promised completion31 Dec 2022
  • Revised completionRevised to 31 Dec 2022 (originally 30 Jun 2021)
  • Buildings1 building record
  • Documents filed41 files

Current status

97%37 of 38 units booked
100.0%Of the estimated cost spent so far

Figures as on 22 Dec 2022, this project's latest GujRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Shopping Center---03438

The full filing

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

Construction progress by building1

As on 22 Dec 2022, 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.

9 of 9 construction stages are filed complete.

Shopping Center: 100% average across the applicable activities

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 22 Dec 2022, 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 footpathsNoNot applicable
Water supplyYes100%
Sewerage (chamber, lines, septic tank, STP)Yes100%
Storm water drainsNoNot applicable
Landscaping and tree plantingNoNot applicable
Street lightingNoNot applicable
Community buildingsNoNot applicable
Treatment and disposal of sewage and sullage waterNoNot applicable
Solid waste management and disposalNoNot applicable
Water conservation, rain water harvestingYes100%
Energy managementYes100%
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 area873 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 3.70 cr
Cost incurredRs 3.70 cr
Spent of the estimate100.0%
BuildingWingEstimatedIncurred
Shopping CenterNARs 3.70 crRs 3.70 cr

Certifying professionals and partners2

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

RoleName
ArchitectRAMAN PATEL
EngineerJALIL A SHEIKH

Extensions applied for2

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

PR/GJ/SURAT/SURAT CITY/SUDA/CAA02424/EX1/110621Applied Apr 2021; approved Jun 2021
PR/GJ/SURAT/SURAT CITY/SUDA/CAA02424/EX2/091122Applied Oct 2022; approved Nov 2022

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/SURAT/SURAT CITY/SUDA/CAA02424/EX2/091122 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)22 Dec 2022
Engineer's certificate (Form 2)22 Dec 2022
Engineer's certificate annexure22 Dec 2022
Accountant's certificate (Form 3)22 Dec 2022
Site photograph, Shopping Center22 Dec 2022
Site photograph, Shopping Center22 Dec 2022
Site photograph, Shopping Center22 Dec 2022
Site photograph, Shopping Center22 Dec 2022
RERA registration certificate20 Apr 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

97%of this project is bookeddistrict median 39%
15%of Surat projects moved their completion datethis one moved by 18 months

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

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Other projects near Adajan2,600+ in Surat

2 kmMilestone FiestaOther 156Dot size: filed unitsN

Filed coordinates, straight-line distance. 156 registered projects within 2 km.

Builder: FIESTA CORPORATION

FIESTA CORPORATION has 1 registration on GujRERA, including Milestone Fiesta. Read the full track record. See more projects on the Surat district page.

Frequently asked questions

What are my rights if Milestone Fiesta is delayed beyond 31 Dec 2022?

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 Milestone Fiesta?

The registered promoter entity is FIESTA CORPORATION, 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 Milestone Fiesta?

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 Milestone Fiesta?

The professionals named in the filing: Architect: RAMAN PATEL; Engineer: JALIL A SHEIKH. 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 Milestone Fiesta?

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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