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Valid until 30 Jun 2024 Mixed Development project

PEARL ELEGANCE

By NILKANTH DEVELOPERS

RG-GJ-35676 · RERA PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/MAA07995/030221 · Last updated on GujRERA portal: 7 Oct 2023

Source: official GujRERA filing

Red flags

  • No red flags in this filing

Clear

  • Completion date never moved
  • Separate project account declared
Jun 2024Possession promisedno revision filed
24 of 24Construction stages doneacross 3 buildings; every applicable stage filed complete
21 of 147Units unsoldnot recorded sold or booked
Jump to the 43 documents Report an error

PEARL ELEGANCE is a Mixed Development project by NILKANTH DEVELOPERS in Ahmedabad, Gujarat, registered with GujRERA as PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/MAA07995/030221 on 3 Feb 2021. Possession is promised by 30 Jun 2024. 126 of the 147 units on this registration are recorded sold or booked, and 24 of 24 construction stages are filed complete.

At a glance

Project

  • NamePEARL ELEGANCE
  • TypeMixed Development
  • Location
    • Peral Elegance
    • Nr. Tulsi Residency
    • B/h.Sarthi Bunglows
    • Haridarsh to 108 call center Road
    • Nava Naroda
    • Ahmedabad City
    • Ahmedabad
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/MAA07995/030221
  • ReraGenie IDRG-GJ-35676

Builder

  • NameNILKANTH DEVELOPERS
  • Entity typePARTNERSHIP FIRM
  • Other registrations18 more →

Key dates

this monthRegisteredFeb 2021PromisedJun 2024

Key facts

Registration and timeline

  • StatusValid until 30 Jun 2024
  • Registered on3 Feb 2021
  • Promised completion30 Jun 2024
  • Revised completionNone
  • Buildings3 building records
  • Documents filed43 files

Current status

86%126 of 147 units booked
132.2%Of the estimated cost spent so far

Figures as on 7 Oct 2023, this project's latest GujRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
A---42749
B---49049
C---49049

The full filing

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

Construction progress by building3

As on 7 Oct 2023, 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.

24 of 24 construction stages are filed complete across 3 buildings.

A100%
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%
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 7 Oct 2023, 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 fightingYes100%
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 area2,895 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 12.48 cr
Cost incurredRs 16.50 cr
Spent of the estimate132.21%
BuildingWingEstimatedIncurred
ANARs 4.16 crRs 5.50 cr
BNARs 4.16 crRs 5.50 cr
CNARs 4.16 crRs 5.50 cr

Certifying professionals and partners2

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

RoleName
ArchitectVARSHA VIJAYAN
EngineerMAYANK V VIRADIYA

Documents filed43

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/MAA07995/030221 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)7 Oct 2023
Engineer's certificate (Form 2)7 Oct 2023
Engineer's certificate annexure7 Oct 2023
Accountant's certificate (Form 3)7 Oct 2023
Site photograph, A7 Oct 2023
Site photograph, B7 Oct 2023
Site photograph, C7 Oct 2023
RERA registration certificate3 Feb 2021
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-
Title clearance certificate-
Title report-
Property card-
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

86%of this project is bookeddistrict median 53%
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 Ahmedabad5,400+ in Ahmedabad

2 kmPEARL ELEGANCEOther 316Dot size: filed unitsN

Filed coordinates, straight-line distance. 316 registered projects within 2 km.

Builder: NILKANTH DEVELOPERS

NILKANTH DEVELOPERS has 19 registrations on GujRERA, including PAVAN EXOTICA and SHYAM ENCLAVE. Read the full track record. See more projects on the Ahmedabad district page.

Frequently asked questions

What are my rights if PEARL ELEGANCE is delayed beyond 30 Jun 2024?

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 PEARL ELEGANCE?

The registered promoter entity is NILKANTH 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 PEARL ELEGANCE?

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 PEARL ELEGANCE?

The professionals named in the filing: Architect: VARSHA VIJAYAN; Engineer: MAYANK V VIRADIYA. 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 PEARL ELEGANCE?

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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