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OLIVE RESIDENCY
By KETAN OLIVARBHAI KHAMBATA(PROPRIETOR OF THE LOYAL INFRASTRUCTURE)
RG-GJ-41106 · RERA PR/GJ/GANDHINAGAR/GANDHINAGAR/AUDA/RAA00843/EX1/261219 · Last updated on GujRERA portal: 31 Jul 2021
Source: official GujRERA filing
Red flags
- Completion date moved by 12 months
- 1 extension taken
Clear
- Separate project account declared
Saved.
OLIVE RESIDENCY is a Residential/Group Housing project by KETAN OLIVARBHAI KHAMBATA(PROPRIETOR OF THE LOYAL INFRASTRUCTURE) in Gandhinagar, Gujarat, registered with GujRERA as PR/GJ/GANDHINAGAR/GANDHINAGAR/AUDA/RAA00843/EX1/261219 on 28 Nov 2017. Possession is promised by 31 Jan 2021. The completion date has moved by 12 months from the original filing. 57 of the 120 units on this registration are recorded sold or booked, and 32 of 36 construction stages are filed complete.
At a glance
Project
- NameOLIVE RESIDENCY
- TypeResidential/Group Housing
- Location
- OLIVE RESIDENCY
- NR.PARMESHWAR-3
- OPP.CHANDKHEDA BUS STAND
- ZUNDAL
- Zundal
- Gandhinagar
- 382424
- Pincode382424
- MapView location on Google Maps (as filed on RERA)
- RERA no.PR/GJ/GANDHINAGAR/GANDHINAGAR/AUDA/RAA00843/EX1/261219
- ReraGenie IDRG-GJ-41106
Builder
- NameKETAN OLIVARBHAI KHAMBATA(PROPRIETOR OF THE LOYAL INFRASTRUCTURE)
- Entity typeIndividual/Propritorship
Key dates
Key facts
Registration and timeline
- StatusValid until 31 Jan 2021
- Registered on28 Nov 2017
- Promised completion31 Jan 2021
- Revised completionRevised to 31 Jan 2021 (originally 31 Jan 2020)
- Buildings4 building records
- Documents filed41 files
Current status
Figures as on 31 Jul 2021, this project's latest GujRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| A | - | - | - | 31 | 0 | 31 |
| B | - | - | - | 29 | 0 | 29 |
| C | - | - | - | 29 | 0 | 29 |
| D | - | - | - | 31 | 0 | 31 |
The full filing
Everything below is from the project's own GujRERA filing, free to read.
Construction progress by building4
As on 31 Jul 2021, 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.
32 of 36 construction stages are filed complete across 4 buildings. The stage furthest along is Stilt Floor, at 0%.
A89%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 100% |
| Internal walls, internal plaster, floorings, doors and windows within flats | 100% |
| Sanitary fittings within the flats | 100% |
| Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing | 100% |
| Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing | 100% |
B89%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 100% |
| Internal walls, internal plaster, floorings, doors and windows within flats | 100% |
| Sanitary fittings within the flats | 100% |
| Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing | 100% |
| Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing | 100% |
C89%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 100% |
| Internal walls, internal plaster, floorings, doors and windows within flats | 100% |
| Sanitary fittings within the flats | 100% |
| Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing | 100% |
| Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing | 100% |
D89%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 100% |
| Internal walls, internal plaster, floorings, doors and windows within flats | 100% |
| Sanitary fittings within the flats | 100% |
| Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing | 100% |
| Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing | 100% |
Progress on shared amenities19
As on 31 Jul 2021, 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 facility | Proposed | Progress |
|---|---|---|
| Internal roads and footpaths | Yes | 100% |
| Water supply | Yes | 100% |
| Sewerage (chamber, lines, septic tank, STP) | Yes | 100% |
| Storm water drains | No | Not applicable |
| Landscaping and tree planting | Yes | 100% |
| Street lighting | Yes | 100% |
| Community buildings | Yes | 0% |
| Treatment and disposal of sewage and sullage water | No | Not applicable |
| Solid waste management and disposal | Yes | 0% |
| Water conservation, rain water harvesting | Yes | 0% |
| Energy management | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Fire fighting | Yes | 100% |
| Drinking water facilities | No | Not applicable |
| Emergency evacuation | No | Not applicable |
| Use of renewable energy | No | Not applicable |
| Security | Yes | 0% |
| Letter box | Yes | 0% |
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.
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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| A | NA | Rs 2.27 cr | Rs 2.27 cr |
| B | NA | Rs 2.27 cr | Rs 2.27 cr |
| C | NA | Rs 2.27 cr | Rs 2.27 cr |
| D | NA | Rs 2.27 cr | Rs 2.27 cr |
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | APURVA AMIN ASSOCIATES |
| Engineer | Nikunj Dhwarkadas Shah |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
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/GANDHINAGAR/GANDHINAGAR/AUDA/RAA00843/EX1/261219 on the GujRERA portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Architect's certificate (Form 1) | 31 Jul 2021 |
| Engineer's certificate (Form 2) | 31 Jul 2021 |
| Engineer's certificate annexure | 31 Jul 2021 |
| Accountant's certificate (Form 3) | 31 Jul 2021 |
| Site photograph, A | 31 Jul 2021 |
| Site photograph, B | 31 Jul 2021 |
| Site photograph, C | 31 Jul 2021 |
| Site photograph, D | 31 Jul 2021 |
| RERA registration certificate | 28 Nov 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) | - |
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Builder: KETAN OLIVARBHAI KHAMBATA(PROPRIETOR OF THE LOYAL INFRASTRUCTURE)
KETAN OLIVARBHAI KHAMBATA(PROPRIETOR OF THE LOYAL INFRASTRUCTURE) has 1 registration on GujRERA, including OLIVE RESIDENCY. Read the full track record. See more projects on the Gandhinagar district page.
Frequently asked questions
What are my rights if OLIVE RESIDENCY is delayed beyond 31 Jan 2021?
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 OLIVE RESIDENCY?
The registered promoter entity is KETAN OLIVARBHAI KHAMBATA(PROPRIETOR OF THE LOYAL INFRASTRUCTURE), an individual/propritorship 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 OLIVE 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 OLIVE RESIDENCY?
The professionals named in the filing: Architect: APURVA AMIN ASSOCIATES; Engineer: Nikunj Dhwarkadas Shah. 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 OLIVE 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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