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Registration approved Residential/Group Housing project

Nissi Avenue

By Macquin Monteiro

RG-KA-40560 · RERA PRM/KA/RERA/1273/318/PR/171214/001761 · Last updated on RERA Karnataka portal: Not stated

Source: official RERA Karnataka filing

Red flags

  • 3 complaints at RERA Karnataka

Clear

  • Completion date never moved
  • Separate project account declared
Dec 2018Possession promisedno revision filed
0 of 15Construction stages donefurthest along: Earth work and other leveling..., 0%
16 of 16Units unsoldnot recorded sold or booked
3Complaints at RERA Karnatakaon this registration
Jump to the 15 documents Report an error

Nissi Avenue is a Residential/Group Housing project by Macquin Monteiro in Udupi, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1273/318/PR/171214/001761 on 14 Dec 2017. Possession is promised by 31 Dec 2018. 0 of the 16 units on this registration are recorded sold or booked, and 0 of 15 construction stages are filed complete. 3 complaints are on record with the regulator.

At a glance

Project

  • NameNissi Avenue
  • TypeResidential/Group Housing
  • Location
    • Udupi
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1273/318/PR/171214/001761
  • ReraGenie IDRG-KA-40560

Builder

  • NameMacquin Monteiro
  • Entity typePartnership Firm
  • Authorized SignatoryMacquin Monteiro

Key dates

this monthRegisteredDec 2017PromisedDec 2018

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on14 Dec 2017
  • Promised completion31 Dec 2018
  • Revised completionNone
  • Buildings1 building record
  • Documents filed15 files

Current status

0%0 of 16 units booked

Figures as on Not stated, this project's latest RERA Karnataka filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
1---16016

The full filing

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

Construction progress by building1

As on Not stated, 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.

0 of 15 construction stages are filed complete. The stage furthest along is Earth work and other leveling preparation work, at 0%.

Building: 0% average across the applicable activities

ActivityProgress
Earth work and other leveling preparation work-
Foundation footing work-
Retaining wall (All types)Not applicable
Plinth level Beam-
Sub-structure flooring (Parking Floor, more than one floor below general ground level)-
RCC or MS Framed structure-
Masonry construction: Bricks, Concrete blocks etc-
Plastering inside , outside & Ceiling-
Joinery: Doors, Windows, Ventilators etc-
Basic work of Water supply, Sanitary and Electrification-
Dadoing, Skirting, Flooring, Tiles work (All types)-
Railing and Grill fixing-
Electrification, Water supply and Sanitary Finishing-
Wardrobe, Showcase, Kitchen cabinet, Puja workNot applicable
Fire prevention and fire fighting fitting and fixture with networkNot applicable
Weather Proof work(tile,concrete)Not applicable
Painting-
Elevation work-
Internal and External work including landscapes as per santioned drawings-

Progress on shared amenities41

As on Not stated, 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
Water SupplyYes-
Internal Roads & FootpathsNoNot applicable
Sewage and Drainage SystemYes-
Parks & Tree plantingNoNot applicable
Street LightingYes-
Provision for community buildings and for treatment and disposal of sewage and sullage waterNoNot applicable
Solid waste management and disposalNoNot applicable
Water conservationNoNot applicable
Energy managementNoNot applicable
Fire protection and fire safety requirementsNoNot applicable
Education/Health/Other public amenitiesNoNot applicable
Electricity supply transformer and substationYes-
Emergency Evacuation servicesNoNot applicable
Storm water drainsYes-
Use of renewable energyNoNot applicable
Water conservation/rain water harvesting/recharge of ground waterYes-
ElectricityYes-
Smart Home AutomationNoNot applicable
CCTV SurveillanceYes-
Club HouseNoNot applicable
Community HallNoNot applicable
Outdoor Sports facilityNoNot applicable
Indoor Sports facilityNoNot applicable
Swimming PoolNoNot applicable
GymNoNot applicable
ParksYes-
Power BackupYes-
GasYes-
Water and SanitationYes-
Air Conditioning And incerntionNoNot applicable
StaircasesYes-
LiftsYes-
Staircases and Lift lobbies, corridor,lobbies, corridorYes-
Fire escapesNoNot applicable
Common entrance and exit for the building / common portico/foyer/verandahYes-
BasementNoNot applicable
TerraceYes-
Outer WallYes-
Open parking areas and common storage spacesNoNot applicable
Provision for lodging of management staff and security staffNoNot applicable
Water conservation and renewable energyYes-

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 area810 sq m
Land owned byNot the promoter
Named landownersNone

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 3.40 cr

Certifying professionals and partners1

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

RoleName
Engineersukesh kumar

Complaints filed with RERA Karnataka3

Case no.ComplainantRespondentFiled
CMP/190801/0003766-Macquin Monteiro01/08/2019
CMP/191023/0004479-Macquin Monteiro23/10/2019
CMP/220214/0009000-Macquin Monteiro14/02/2022

Documents filed15

As listed on the registration, under the names the promoter filed them with. The files themselves are available at source: search the registration number PRM/KA/RERA/1273/318/PR/171214/001761 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: Certificate of Incorporation.pdf-
building licence-
IMG_20171218_111224-
building blue print-
agreement perfoma-
land final-
IMG_20171218_111317-
building blue print-
brouchre-
brouchre-
EC-
land docs-
partnership deed -
Prospectus/BrochureFile: Nissi Avenue Brochure.pdf-
Tower Excel SheetFile: avenue carpet area.xlsx-

How this compares with Udupi

0%of this project is bookeddistrict median 0%
22%of Udupi projects moved their completion datethis one has not
0%of Udupi registrations have lapsed or been cancelledthis one is on the register

Computed across the 260+ Udupi projects on ReraGenie, from their own filings.

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Other projects near Udupi260+ in Udupi

Builder: Macquin Monteiro

Macquin Monteiro has 1 registration on RERA Karnataka, including Nissi Avenue. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Udupi district page.

Frequently asked questions

What are my rights if Nissi Avenue is delayed beyond 31 Dec 2018?

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 RERA Karnataka.

How do I verify and contact the developer of Nissi Avenue?

The registered promoter entity is Macquin Monteiro, a partnership firm as per the filing. Neither this filing nor this promoter's other RERA Karnataka registrations disclose a CIN, LLPIN or GSTIN for this entity. 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 RERA Karnataka listing and in its filed documents.

Is my payment protected in Nissi Avenue?

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.

How do I read the complaint cases filed against Nissi Avenue?

Each case number above is a complaint filed with RERA Karnataka. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.

Who certifies construction progress at Nissi Avenue?

The professionals named in the filing: Engineer: sukesh kumar. 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 Nissi Avenue?

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 RERA Karnataka, and we read every report.

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