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PARAM AVENUE
RG-GJ-55696 · RERA PR/GJ/VADODARA/VADODARA/Others/MAA00367/EX2/030220 · Last updated on GujRERA portal: 7 Sep 2020
Source: official GujRERA filing
Red flags
- Completion date moved by 24 months
- 2 extensions taken
Clear
- Separate project account declared
Saved.
PARAM AVENUE is a Mixed Development project by AKSHAR CREATION in Vadodara, Gujarat, registered with GujRERA as PR/GJ/VADODARA/VADODARA/Others/MAA00367/EX2/030220 on 7 Oct 2017. Possession is promised by 1 Aug 2020. The completion date has moved by 24 months from the original filing. 58 of the 61 units on this registration are recorded sold or booked, and 18 of 18 construction stages are filed complete.
At a glance
Project
- NamePARAM AVENUE
- TypeMixed Development
- Location
- OPP. BILL LAKE
- BILL MAIN ROAD
- VADODARA
- Bill
- Vadodara
- 391410
- Pincode391410
- MapView location on Google Maps (as filed on RERA)
- RERA no.PR/GJ/VADODARA/VADODARA/Others/MAA00367/EX2/030220
- ReraGenie IDRG-GJ-55696
Builder
- NameAKSHAR CREATION
- Entity typePARTNERSHIP FIRM
- Other registrations1 more →
Key dates
Key facts
Registration and timeline
- StatusValid until 1 Aug 2020
- Registered on7 Oct 2017
- Promised completion1 Aug 2020
- Revised completionRevised to 1 Aug 2020 (originally 1 Aug 2018)
- Buildings2 building records
- Documents filed8 files
Current status
Figures as on 7 Sep 2020, this project's latest GujRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| WING A | - | - | - | 11 | 16 | 27 |
| WING B | - | - | - | 24 | 10 | 34 |
The full filing
Everything below is from the project's own GujRERA filing, free to read.
Construction progress by building2
As on 7 Sep 2020, 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.
WING A100%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | 100% |
| 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% |
WING B100%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | 100% |
| 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 7 Sep 2020, 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 | No | Not applicable |
| Community buildings | No | Not applicable |
| Treatment and disposal of sewage and sullage water | No | Not applicable |
| Solid waste management and disposal | No | Not applicable |
| Water conservation, rain water harvesting | Yes | 100% |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Fire fighting | Yes | 100% |
| Drinking water facilities | Yes | 100% |
| Emergency evacuation | No | Not applicable |
| Use of renewable energy | No | Not applicable |
| Security | No | Not applicable |
| Letter box | Yes | 100% |
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 |
|---|---|---|---|
| WING A | NA | Rs 93.75 lakh | Rs 93.75 lakh |
| WING B | NA | Rs 93.75 lakh | Rs 93.75 lakh |
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | RISHI ARCHITECT |
| Engineer | ASHOK SHAH AND ASSOCIATES |
Extensions applied for2
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Documents filed8
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/VADODARA/VADODARA/Others/MAA00367/EX2/030220 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) | 7 Sep 2020 |
| Engineer's certificate (Form 2) | 7 Sep 2020 |
| Engineer's certificate annexure | 7 Sep 2020 |
| Accountant's certificate (Form 3) | 7 Sep 2020 |
| RERA registration certificate | 7 Oct 2017 |
| Commencement certificate | - |
| Declaration in Form B | - |
| Audited balance sheet (1 of 3) | - |
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How this compares with Vadodara
Computed across the 2,900+ Vadodara projects on ReraGenie, from their own filings.
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Filed coordinates, straight-line distance. 187 registered projects within 2 km.
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See every Vadodara project, with the district possession charts
Builder: AKSHAR CREATION
AKSHAR CREATION has 2 registrations on GujRERA, including PARAM AVENUE and PARAM GREENS. Read the full track record. See more projects on the Vadodara district page.
Frequently asked questions
What are my rights if PARAM AVENUE is delayed beyond 1 Aug 2020?
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 PARAM AVENUE?
The registered promoter entity is AKSHAR CREATION, 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 PARAM 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.
Who certifies construction progress at PARAM AVENUE?
The professionals named in the filing: Architect: RISHI ARCHITECT; Engineer: ASHOK SHAH AND ASSOCIATES. 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 PARAM 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; 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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