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OLIZ HOMES
By WE BUILD INC
RG-GJ-15971 · RERA PR/GJ/BHAVNAGAR/BHAVNAGAR/Bhavnagar Municipal Corporation/RAA14154/180924/311226 · Last updated on GujRERA portal: 18 Sep 2024
Source: official GujRERA filing
Red flags
- No red flags in this filing
Clear
- Completion date never moved
Saved.
OLIZ HOMES is a Residential/Group Housing project by WE BUILD INC in Bhavnagar, Gujarat, registered with GujRERA as PR/GJ/BHAVNAGAR/BHAVNAGAR/Bhavnagar Municipal Corporation/RAA14154/180924/311226 on 18 Sep 2024. Possession is promised by 30 Apr 2027. 2 of the 15 units on this registration are recorded sold or booked, and 2 of 9 construction stages are filed complete.
At a glance
Project
- NameOLIZ HOMES
- TypeResidential/Group Housing
- Location
- PLOTNO.63-B/1-B2
- CITYSURVEYNO.1584/P HARIYALAPLOT
- WARDNO.5
- SHEETNO.91
- BORDIGATE
- BHAVNAGAR
- BHAVNAGAR
- 364001
- Pincode364001
- MapView location on Google Maps (as filed on RERA)
- RERA no.PR/GJ/BHAVNAGAR/BHAVNAGAR/Bhavnagar Municipal Corporation/RAA14154/180924/311226
- ReraGenie IDRG-GJ-15971
Builder
- NameWE BUILD INC
- Entity typePARTNERSHIP FIRM
Key dates
Key facts
Registration and timeline
- StatusValid until 30 Apr 2027
- Registered on18 Sep 2024
- Promised completion30 Apr 2027
- Revised completionNone
- Buildings1 building record
- Documents filed34 files
Current status
Figures as on 18 Sep 2024, this project's latest GujRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| A | - | - | - | 15 | 0 | 15 |
The full filing
Everything below is from the project's own GujRERA filing, free to read.
Construction progress by building1
As on 18 Sep 2024, 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.
2 of 9 construction stages are filed complete. The stage furthest along is Internal walls, at 80%.
A: 51% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 0% |
| Stilt Floor | 40% |
| Slabs of Super Structure | 100% |
| Internal walls, internal plaster, floorings, doors and windows within flats | 80% |
| Sanitary fittings within the flats | 40% |
| Staircases, lift wells and lobbies at each floor level, overhead and underground water tanks | 60% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing | 0% |
| Installation of lifts, water pumps, fire fighting fittings, electrical fittings and finishing | 40% |
Progress on shared amenities23
As on 18 Sep 2024, 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 | 0% |
| Water supply | Yes | 35% |
| Sewerage (chamber, lines, septic tank, STP) | Yes | 35% |
| Storm water drains | Yes | 25% |
| Landscaping and tree planting | Yes | 0% |
| Street lighting | Yes | 55% |
| Community buildings | No | Not applicable |
| 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 | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Fire fighting | Yes | 0% |
| Drinking water facilities | Yes | 0% |
| Emergency evacuation | Yes | 0% |
| Use of renewable energy | Yes | 0% |
| Security | Yes | 0% |
| Letter box | Yes | 0% |
| Compound wall | No | Not applicable |
| Plinth protection | Yes | 45% |
| Water tank | Yes | 45% |
| Other requirements | No | Not 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.
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 2.10 cr | Rs 84.00 lakh |
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | HEMALKUMAR BHUPENDRABHAI BHATT |
| Engineer | BHAVESH KAPILRAY VYAS |
Documents filed34
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/BHAVNAGAR/BHAVNAGAR/Bhavnagar Municipal Corporation/RAA14154/180924/311226 on the GujRERA portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| RERA registration certificate | 18 Sep 2024 |
| Engineer's certificate (Form 2) | 25 Jul 2024 |
| Engineer's certificate annexure | 25 Jul 2024 |
| Proforma agreement for sale | - |
| Auditor's report (2 of 3) | - |
| Auditor's report (3 of 3) | - |
| Income tax return (2 of 3) | - |
| Income tax return (3 of 3) | - |
| Project specific document | - |
| Drainage affidavit | - |
| Directors' report (2 of 3) | - |
| Directors' report (3 of 3) | - |
| Approved sanctioned plan | - |
| Approved layout plan | - |
| Land location | - |
| Encumbrance certificate | - |
| Area development document | - |
| Proforma allotment letter | - |
| Brochure | - |
| Declaration in Form B | - |
| Approved building or plotting plan | - |
| NOCs from authorities | - |
| Title clearance certificate | - |
| Title report | - |
| Property card | - |
| Statutory document | - |
| Project photograph | - |
| Proforma sale deed | - |
| Audited balance sheet (2 of 3) | - |
| Audited balance sheet (3 of 3) | - |
| Audited profit and loss statement (2 of 3) | - |
| Audited profit and loss statement (3 of 3) | - |
| Cash flow statement (2 of 3) | - |
| Cash flow statement (3 of 3) | - |
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Builder: WE BUILD INC
WE BUILD INC has 1 registration on GujRERA, including OLIZ HOMES. Read the full track record. See more projects on the Bhavnagar district page.
Frequently asked questions
What are my rights if OLIZ HOMES is delayed beyond 30 Apr 2027?
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 OLIZ HOMES?
The registered promoter entity is WE BUILD INC, 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 OLIZ HOMES?
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 OLIZ HOMES?
The professionals named in the filing: Architect: HEMALKUMAR BHUPENDRABHAI BHATT; Engineer: BHAVESH KAPILRAY VYAS. 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 OLIZ HOMES?
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 GujRERA, and we read every report.
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