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Valid until 28 Aug 2023 Mixed Development project

THE PURSUIT OF HAPPINESS

By SATYAM CORPORATION

RG-GJ-19051 · RERA PR/GJ/SURAT/SURAT CITY/SUDA/MAA04439/211218 · Last updated on GujRERA portal: 14 May 2022

Source: official GujRERA filing

Red flags

  • No red flags in this filing

Clear

  • Completion date never moved
  • Separate project account declared
Aug 2023Possession promisedno revision filed
27 of 27Construction stages doneacross 3 buildings; every applicable stage filed complete
17 of 126Units unsoldnot recorded sold or booked
Jump to the 40 documents Report an error

THE PURSUIT OF HAPPINESS is a Mixed Development project by SATYAM CORPORATION in Surat, Gujarat, registered with GujRERA as PR/GJ/SURAT/SURAT CITY/SUDA/MAA04439/211218 on 21 Dec 2018. Possession is promised by 28 Aug 2023. 109 of the 126 units on this registration are recorded sold or booked, and 27 of 27 construction stages are filed complete.

At a glance

Project

  • NameTHE PURSUIT OF HAPPINESS
  • TypeMixed Development
  • Location
    • THE PURSUIT OF HAPPINESS
    • F.P.-76
    • BLOCK NO -195
    • T.P.SCHEME -10(PAL)
    • OPP.VEER EXOTICA BUILDING
    • NR.PAL TALAV
    • PAL
    • SURAT.
    • Pal
    • Surat City
    • Surat
    • 395009
  • Pincode395009
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR/GJ/SURAT/SURAT CITY/SUDA/MAA04439/211218
  • ReraGenie IDRG-GJ-19051

Builder

  • NameSATYAM CORPORATION
  • Entity typePARTNERSHIP FIRM
  • Other registrations1 more →

Key dates

this monthRegisteredDec 2018PromisedAug 2023

Key facts

Registration and timeline

  • StatusValid until 28 Aug 2023
  • Registered on21 Dec 2018
  • Promised completion28 Aug 2023
  • Revised completionNone
  • Buildings3 building records
  • Documents filed40 files

Current status

87%109 of 126 units booked
121.5%Of the estimated cost spent so far

Figures as on 14 May 2022, this project's latest GujRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
C---39039
A---501161
B---26026

The full filing

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

Construction progress by building3

As on 14 May 2022, 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.

27 of 27 construction stages are filed complete across 3 buildings.

C100%
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%
A100%
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%
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%

Progress on shared amenities19

As on 14 May 2022, 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 drainsNoNot applicable
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 harvestingNoNot applicable
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 area5,943 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 31.73 cr
Cost incurredRs 38.55 cr
Spent of the estimate121.51%
BuildingWingEstimatedIncurred
ANARs 10.57 crRs 12.85 cr
BNARs 10.57 crRs 12.85 cr
CNARs 10.57 crRs 12.85 cr

Certifying professionals and partners2

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

RoleName
ArchitectAPURVA ASHOKKUMAR DESAI
EngineerHEMANT A SHUKLA

Documents filed40

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/SURAT/SURAT CITY/SUDA/MAA04439/211218 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)14 May 2022
Engineer's certificate (Form 2)14 May 2022
Engineer's certificate annexure14 May 2022
Accountant's certificate (Form 3)14 May 2022
Site photograph, C14 May 2022
Site photograph, A14 May 2022
Site photograph, B14 May 2022
RERA registration certificate21 Dec 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 Surat

87%of this project is bookeddistrict median 39%
15%of Surat projects moved their completion datethis one has not

Computed across the 2,600+ Surat projects on ReraGenie, from their own filings.

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Other projects near Pal2,600+ in Surat

2 kmTHE PURSUIT OF HAPPINESSOther 256Dot size: filed unitsN

Filed coordinates, straight-line distance. 256 registered projects within 2 km.

Builder: SATYAM CORPORATION

SATYAM CORPORATION has 2 registrations on GujRERA, including THE PURSUIT OF HAPPINESS and SATYAM HEIGHTS. Read the full track record. See more projects on the Surat district page.

Frequently asked questions

What are my rights if THE PURSUIT OF HAPPINESS is delayed beyond 28 Aug 2023?

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 THE PURSUIT OF HAPPINESS?

The registered promoter entity is SATYAM CORPORATION, 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 THE PURSUIT OF HAPPINESS?

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 PURSUIT OF HAPPINESS?

The professionals named in the filing: Architect: APURVA ASHOKKUMAR DESAI; Engineer: HEMANT A SHUKLA. 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 PURSUIT OF HAPPINESS?

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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