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Valid until 30 Nov 2019 Residential/Group Housing project

Ocean Drive ( Tower B & C )

By PNG DEVELOPERS

RG-GJ-88209 · RERA PR/GJ/SURAT/CHORASI/SUDA/RAA01340/EX1/300519 · Last updated on GujRERA portal: 25 Nov 2019

Source: official GujRERA filing

Red flags

  • Completion date moved by 12 months
  • 1 extension taken

Clear

  • Separate project account declared
Nov 2019Possession promisedmoved 12 months from the original
16 of 16Construction stages doneacross 2 buildings; every applicable stage filed complete
54 of 92Units unsoldnot recorded sold or booked
Jump to the 39 documents Report an error

Ocean Drive ( Tower B & C ) is a Residential/Group Housing project by PNG DEVELOPERS in Surat, Gujarat, registered with GujRERA as PR/GJ/SURAT/CHORASI/SUDA/RAA01340/EX1/300519 on 18 Jan 2018. Possession is promised by 30 Nov 2019. The completion date has moved by 12 months from the original filing. 38 of the 92 units on this registration are recorded sold or booked, and 16 of 16 construction stages are filed complete.

At a glance

Project

  • NameOcean Drive ( Tower B & C )
  • TypeResidential/Group Housing
  • Location
    • F.P. No. 118
    • T.P. Scheme No. 80
    • Block No. 98
    • Bapujiniwadi
    • Dumas Road
    • Sultanabad
    • Sultanabad
    • Chorasi
    • Surat
    • 394550
  • Pincode394550
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR/GJ/SURAT/CHORASI/SUDA/RAA01340/EX1/300519
  • ReraGenie IDRG-GJ-88209

Builder

  • NamePNG DEVELOPERS
  • Entity typePARTNERSHIP FIRM

Key dates

this monthRegisteredJan 2018First promiseNov 2018Revised toNov 2019

Key facts

Registration and timeline

  • StatusValid until 30 Nov 2019
  • Registered on18 Jan 2018
  • Promised completion30 Nov 2019
  • Revised completionRevised to 30 Nov 2019 (originally 30 Nov 2018)
  • Buildings2 building records
  • Documents filed39 files

Current status

41%38 of 92 units booked
100.0%Of the estimated cost spent so far

Figures as on 25 Nov 2019, this project's latest GujRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
B---46046
C---46046

The full filing

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

Construction progress by building2

As on 25 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.

16 of 16 construction stages are filed complete across 2 buildings.

B100%
ActivityProgress
Excavation100%
Podiums (if any)Not applicable
Plinth100%
Stilt FloorNot applicable
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 FloorNot applicable
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 25 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)NoNot applicable
Storm water drainsNoNot applicable
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 fightingNoNot applicable
Drinking water facilitiesYes100%
Emergency evacuationNoNot applicable
Use of renewable energyNoNot applicable
SecurityYes100%
Letter boxYes100%

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 area6,936 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 6.74 cr
Cost incurredRs 6.74 cr
Spent of the estimate100.0%
BuildingWingEstimatedIncurred
BNARs 3.37 crRs 3.37 cr
CNARs 3.37 crRs 3.37 cr

Certifying professionals and partners2

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

RoleName
ArchitectSURESH N PATEL (VISTAR)
EngineerJalilbhai Abdulbhai Sheikh

Extensions applied for1

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

PR/GJ/SURAT/CHORASI/SUDA/RAA01340/EX1/300519Applied May 2019; approved May 2019

Documents filed39

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/CHORASI/SUDA/RAA01340/EX1/300519 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)25 Nov 2019
Architect's certificate (Form 1)22 Nov 2019
Engineer's certificate (Form 2)22 Nov 2019
Engineer's certificate annexure22 Nov 2019
Site photograph, B22 Nov 2019
Site photograph, C22 Nov 2019
RERA registration certificate18 Jan 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

41%of this project is bookeddistrict median 39%
15%of Surat projects moved their completion datethis one moved by 12 months

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

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Other projects near Sultanabad2,600+ in Surat

Builder: PNG DEVELOPERS

PNG DEVELOPERS has 1 registration on GujRERA, including Ocean Drive ( Tower B & C ). Read the full track record. See more projects on the Surat district page.

Frequently asked questions

What are my rights if Ocean Drive ( Tower B & C ) is delayed beyond 30 Nov 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 Ocean Drive ( Tower B & C )?

The registered promoter entity is PNG DEVELOPERS, 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 Ocean Drive ( Tower B & C )?

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 Ocean Drive ( Tower B & C )?

The professionals named in the filing: Architect: SURESH N PATEL (VISTAR); Engineer: Jalilbhai Abdulbhai 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 Ocean Drive ( Tower B & C )?

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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About Ocean Drive ( Tower B & C ). Everything on this page comes from what the promoter filed on GujRERA, so if a fact looks wrong it helps to say which one.

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