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Valid until 31 Mar 2018 Mixed Development project

PALASH PEARL

By SHREENATH DEVELOPERS

RG-GJ-90967 · RERA PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/MAA01442/300118 · Last updated on GujRERA portal: 31 Mar 2018

Source: official GujRERA filing

Red flags

  • No red flags in this filing

Clear

  • Completion date never moved
  • Separate project account declared
Mar 2018Possession promisedno revision filed
18 of 18Construction stages doneacross 2 buildings; every applicable stage filed complete
Jump to the 37 documents Report an error

PALASH PEARL is a Mixed Development project by SHREENATH DEVELOPERS in Ahmedabad, Gujarat, registered with GujRERA as PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/MAA01442/300118 on 30 Jan 2018. Possession is promised by 31 Mar 2018.

At a glance

Project

  • NamePALASH PEARL
  • TypeMixed Development
  • Location
    • Palash Pearl
    • Opp- Sadbhav Residency
    • Nr Sadguru Bunglows Cross Road
    • M.G.Road
    • Nikol
    • Nikol
    • Ahmedabad City
    • Ahmedabad
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/MAA01442/300118
  • ReraGenie IDRG-GJ-90967

Builder

  • NameSHREENATH DEVELOPERS
  • Entity typePARTNERSHIP FIRM
  • Other registrations23 more →

Key dates

this monthRegisteredJan 2018PromisedMar 2018

Key facts

Registration and timeline

  • StatusValid until 31 Mar 2018
  • Registered on30 Jan 2018
  • Promised completion31 Mar 2018
  • Revised completionNone
  • Buildings2 building records
  • Documents filed37 files

Current status

100.0%Of the estimated cost spent so far

Figures as on 31 Mar 2018, this project's latest GujRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
A+B-----66
C+D-----44

The full filing

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

Construction progress by building2

As on 31 Mar 2018, 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.

18 of 18 construction stages are filed complete across 2 buildings.

A+B100%
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%
C+D100%
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 31 Mar 2018, 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)Yes100%
Storm water drainsYes100%
Landscaping and tree plantingYes100%
Street lightingYes100%
Community buildingsNoNot applicable
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 area3,277 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 7.88 cr
Cost incurredRs 7.88 cr
Spent of the estimate100.0%
BuildingWingEstimatedIncurred
A+BNARs 3.94 crRs 3.94 cr
C+DNARs 3.94 crRs 3.94 cr

Certifying professionals and partners2

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

RoleName
ArchitectJigneshkumar M Patel
EngineerKetav Joshi

Documents filed37

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/AHMEDABAD/AHMEDABAD CITY/AUDA/MAA01442/300118 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)31 Mar 2018
Engineer's certificate (Form 2)31 Mar 2018
Site photograph, A+B31 Mar 2018
Site photograph, C+D31 Mar 2018
RERA registration certificate30 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 Ahmedabad

14%of Ahmedabad projects moved their completion datethis one has not

Computed across the 5,400+ Ahmedabad projects on ReraGenie, from their own filings.

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Other projects near Nikol5,400+ in Ahmedabad

2 kmPALASH PEARLOther 371Dot size: filed unitsN

Filed coordinates, straight-line distance. 371 registered projects within 2 km.

Builder: SHREENATH DEVELOPERS

SHREENATH DEVELOPERS has 24 registrations on GujRERA, including RATNARAJ CLASSIC and SHREENATH PLAZA. Read the full track record. See more projects on the Ahmedabad district page.

Frequently asked questions

What are my rights if PALASH PEARL is delayed beyond 31 Mar 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 GujRERA.

How do I verify and contact the developer of PALASH PEARL?

The registered promoter entity is SHREENATH 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 PALASH PEARL?

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 PALASH PEARL?

The professionals named in the filing: Architect: Jigneshkumar M Patel; Engineer: Ketav Joshi. 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 PALASH PEARL?

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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