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THE FORMIST COVE
By FORMIST REALTY PRIVATE LIMITED
RG-KA-38027 · RERA PRM/KA/RERA/1249/447/PR/210130/003808 · Last updated on RERA Karnataka portal: 21 Jan 2021
Source: official RERA Karnataka filing
Red flags
- Completion date moved by 12 months
- 1 extension taken
Clear
- No complaints on record
- Separate project account declared
Saved.
THE FORMIST COVE is a Plotted Development project by FORMIST REALTY PRIVATE LIMITED in Belagavi, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1249/447/PR/210130/003808 on 30 Jan 2021. Possession is promised by 1 Jan 2022. The completion date has moved by 12 months from the original filing.
At a glance
Project
- NameTHE FORMIST COVE
- TypePlotted Development
- Location
- Belagavi
- PincodeNot stated
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1249/447/PR/210130/003808
- ReraGenie IDRG-KA-38027
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on30 Jan 2021
- Promised completion1 Jan 2022
- Revised completionRevised to 1 Jan 2022 (originally 1 Jan 2021)
- BuildingsNot stated in filing
- Documents filed93 files
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Land and ownership1
This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| Sunita Sunil Partravali | - | - |
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.
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Krishna H Kulkarni |
| Engineer | Ambrish G |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterothers
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed93
As listed on the registration, under the names the promoter filed them with; the newest 80 of 93 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1249/447/PR/210130/003808 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| CHANGE OF LAND USEFile: Change of Land Use- Belgaum.pdf | 21 Jan 2021 |
| Grant Copy/ MotherdeedFile: Grant Order - Motherdeed.pdf | 13 Jan 2021 |
| Conversion copy and fees paidFile: Conversion Copy and fees paid.pdf | 13 Jan 2021 |
| Deed of ConfirmationFile: Deed of Confirmation.pdf | 13 Jan 2021 |
| Addendum To General Power of AttorneyFile: Addendum To General Power of Attorney.pdf | 13 Jan 2021 |
| Certificate of name change FormistFile: Certificate of name change Formist.pdf | 13 Jan 2021 |
| Formist LLP MCAFile: Formist LLP MCA.pdf | 13 Jan 2021 |
| CERTIFICATE OF INCORPORATION FORMIST REALTY PVT LTDFile: CERTIFICATE OF INCORPORATION.PDF.pdf | 13 Jan 2021 |
| Change of Address in ROCFile: FORMIST Change of Address in ROC.pdf | 13 Jan 2021 |
| Affidavit Form BFile: Affidavit Form B.pdf | 13 Jan 2021 |
| Affidavit- PromotorFile: Affidavit- Promotor.pdf | 13 Jan 2021 |
| Affidavit cum DeclarationFile: Affidavit cum Declaration.pdf | 13 Jan 2021 |
| EC form 01-04-1960 to 10-12-2020File: EC 01-04-1960 to 10-12-2020.pdf | 13 Jan 2021 |
| Saraswat Bank Statement- RERA AccountFile: Bank Statement Rera Account-Belgaum.pdf | 13 Jan 2021 |
| CertificateFile: CERTIFICATE OF INCORPORATION.PDF | - |
| CA Certificate for Funds UtilizationFile: CA Form EX 3_compressed.pdf | - |
| CA Certificate for Funds required for Project CompletionFile: CA Form EX 4_compressed.pdf | - |
| AffidavitFile: Form B.pdf | - |
| Latest Encumbrance CertificateFile: E C.PDF | - |
| Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails.xlsx | - |
| Approved Layout Plan | - |
| PROFORMA SALE DEED | - |
| AGREEMENT FOR SALE | - |
| Rtc of sy no 40 Belgaum 2017-18 | - |
| allotment form bgm (1) | - |
| Formist Land Brochure1 | - |
| 19Specifications of Layout | - |
| EC 01-04-2017 to 10-12-2020 | - |
| Affidavit (1) | - |
| Affivadift | - |
| khatha BGM_10362212 | - |
| BGM JD | - |
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| change of land use | - |
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| Balance Sheet 2019 - 2020File: Balance Sheet.pdf | - |
| Balance Sheet 2018 - 2019File: Balance Sheet.pdf | - |
| Balance Sheet 2017 - 2018File: Balance Sheet.pdf | - |
| Audited Profit and Loss Statement 2019 - 2020File: Profit & Loss Account.pdf | - |
| Audited Profit and Loss Statement 2018 - 2019File: Profit & Loss Account.pdf | - |
| Audited Profit and Loss Statement 2017 - 2018File: Profit & Loss Account.pdf | - |
| Director's Report 2019 - 2020File: DIRECTOR REPORTS1-compressed.pdf | - |
| Director's Report 2018 - 2019File: DIRECTOR REPORTS1-compressed.pdf | - |
| Director's Report 2017 - 2018File: DIRECTOR REPORTS1-compressed.pdf | - |
| Cash Flow Statement 2019 - 2020File: Cash flow statement.pdf | - |
| Cash Flow Statement 2018 - 2019File: Cash flow statement.pdf | - |
| Auditor's Report 2019 - 2020File: Audit Report.pdf | - |
| Auditor's Report 2018 - 2019File: Audit Report.pdf | - |
| Auditor's Report 2017 - 2018File: Audit Report.pdf | - |
| Income Tax Return Acknowledgement 2019 - 2020File: Income Tax Return Acknowledge.pdf | - |
| Income Tax Return Acknowledgement 2018 - 2019File: Income Tax Return Acknowledge.pdf | - |
| Income Tax Return Acknowledgement 2017 - 2018File: Income Tax Return Acknowledge.pdf | - |
| form b-compressed | - |
| Prospectus/BrochureFile: Brochure.pdf | - |
| Advertisement Copy 1File: Brochure.pdf | - |
| Plot Excel SheetFile: RERA.xlsx | - |
| Final plan technical sanction LetterFile: noc buda approved letter .pdf | - |
| Final layout plan sanctionedFile: Approved plan.pdf | - |
Promoter's earlier projects1
As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.
| Project | Location | Status | Promised | Delivered |
|---|---|---|---|---|
| FORMIST TREEHOUSE | - | Ongoing | Jun 2023 | Not delivered |
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How this compares with Belagavi
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Builder: FORMIST REALTY PRIVATE LIMITED
FORMIST REALTY PRIVATE LIMITED has 3 registrations on RERA Karnataka, including THE FORMIST COVE and THE FORMIST RIDGE. Its filings declare 4 earlier projects, 2 of them declared completed. Read the full track record. See more projects on the Belagavi district page.
Frequently asked questions
What are my rights if THE FORMIST COVE is delayed beyond 1 Jan 2022?
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 RERA Karnataka.
How do I verify and contact the developer of THE FORMIST COVE?
The registered promoter entity is FORMIST REALTY PRIVATE LIMITED, a company as per the filing. Its CIN U45400KA2018PTC112945 can be cross-checked on the MCA and GST portals. 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 RERA Karnataka listing and in its filed documents.
Is my payment protected in THE FORMIST COVE?
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 THE FORMIST COVE?
The professionals named in the filing: Architect: Krishna H Kulkarni; Engineer: Ambrish G. 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 THE FORMIST COVE?
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 RERA Karnataka, and we read every report.
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