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Registration approved Commercial project

Thudar Commercial Center

By Divakara Shetty

RG-KA-59458 · RERA PRM/KA/RERA/1273/319/PR/191220/003076 · Last updated on RERA Karnataka portal: Not stated

Source: official RERA Karnataka filing

Red flags

  • No red flags in this filing

Clear

  • No complaints on record
  • Completion date never moved
  • Separate project account declared
Feb 2019Possession promisedno revision filed
0Complaints at RERA Karnatakaon this registration
Jump to the 19 documents Report an error

Thudar Commercial Center is a Commercial project by Divakara Shetty in Udupi, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1273/319/PR/191220/003076 on 20 Dec 2019. Possession is promised by 5 Feb 2019.

At a glance

Project

  • NameThudar Commercial Center
  • TypeCommercial
  • Location
    • Karkala
    • Udupi
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PRM/KA/RERA/1273/319/PR/191220/003076
  • ReraGenie IDRG-KA-59458

Builder

  • NameDivakara Shetty

Key dates

Registered
20 Dec 2019
Promised
5 Feb 2019

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on20 Dec 2019
  • Promised completion5 Feb 2019
  • Revised completionNone
  • BuildingsNot stated in filing
  • Documents filed19 files

The full filing

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

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 area1,821 sq m
Land owned byNot the promoter
Named landownersNone

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 1.50 cr

Certifying professionals and partners2

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

RoleName
ArchitectBenny Mathew
EngineerBenny Mathew

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed19

As listed on the registration, under the names the promoter filed them with. The files themselves are available at source: search the registration number PRM/KA/RERA/1273/319/PR/191220/003076 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
Building License-
Approved Plan-
Approved Plan-
Sale deed and RTC-
jpg2pdf-
jpg2pdf-
Specification-
EC-
AFFIDAVIT-
2 NAMUNE 9 FORM 1-
Conversion Order-
BESCOM-
BWSSB-
KSPCB-
Conversion Order-
Income Tax Return Acknowledgement 2017 - 2018File: 18-19.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: 17-18 .pdf-
Income Tax Return Acknowledgement 2015 - 2016File: ITR 2016-17.pdf-
FORM B-

How this compares with Udupi

22%of Udupi projects moved their completion datethis one has not
0%of Udupi registrations have lapsed or been cancelledthis one is on the register

Computed across the 260+ Udupi projects on ReraGenie, from their own filings.

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Other projects near Udupi260+ in Udupi

Builder: Divakara Shetty

Divakara Shetty has 1 registration on RERA Karnataka, including Thudar Commercial Center. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Udupi district page.

Frequently asked questions

What are my rights if Thudar Commercial Center is delayed beyond 5 Feb 2019?

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 Thudar Commercial Center?

The registered promoter entity is Divakara Shetty. Neither this filing nor this promoter's other RERA Karnataka registrations disclose a CIN, LLPIN or GSTIN for this entity. 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 Thudar Commercial Center?

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 Thudar Commercial Center?

The professionals named in the filing: Architect: Benny Mathew; Engineer: Benny Mathew. 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 Thudar Commercial Center?

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 RERA Karnataka, and we read every report.

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About Thudar Commercial Center. Everything on this page comes from what the promoter filed on RERA Karnataka, so if a fact looks wrong it helps to say which one.

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