The Answer
Proceed With Verification Checks
Active statutory registration with Uttar Pradesh RERA and designated escrow account. Verify quarterly physical progress filings and draft agreement before paying token advance.
Valid statutory registration under number UPRERAPRJ704730. Legal authority oversight active.
Official disclosures confirm statutory escrow account with Scheduled Commercial Bank. Section 4(2)(l)(D) compliant.
Planning approvals on file with sanctioned plans and commencement certificate recorded in statutory registry.
Declared progress stands at 68%. Cross-verify physical milestone against Architect Form 1 to confirm on-time handover by 2026-12-31.
Ensure builder proforma agreement mirrors Model Form without unilateral cancellation or interest asymmetry. Never pay >10% before registration.
Verify whether land or construction is mortgaged to institutional lenders. If mortgaged, demand a project-specific NOC before final payment.
“Can you provide the signed, stamped copies of Form 1 (Architect) and Form 3 (Chartered Accountant) submitted to RERA for the most recent calendar quarter?”
Ask for this in writing on official letterhead before signing the application form.Property Signal & Evidence Index
Synthesized statutory score across 6 published weighted dimensions based on official state filings.
Registered with Uttar Pradesh RERA (UPRERAPRJ704730). Registration active through 2026-12-31.
Statutory 70% escrow account designated at Scheduled Bank.
Declared progress of 68% towards completion date of 2026-12-31.
Base rate declared in filings. Standard taxes (GST, Stamp Duty) and ancillary charges apply.
0 of 3 delivered on record
Jurisdiction: Gautam Buddha Nagar, Uttar Pradesh. Sanctioned layout plan indexed.
4 Plain-English Answers Before You Pay Any Money
1. Is this property legally registered?
VerifiedYes. Registered under Uttar Pradesh RERA number UPRERAPRJ704730. The registration is on public record and legally authorized to sell inventory in accordance with RERA Section 3.
2. Where does my 70% money go?
Review advisedRERA Section 4(2)(l)(D) mandates that 70% of every cheque must be deposited into the dedicated project escrow account (Designated Bank). Withdrawals are permitted solely for land and construction upon CA, Engineer, and Architect certificates.
3. Will it be delivered on time?
VerifiedDeclared physical progress is 68% towards statutory possession date of 2026-12-31. Micro-market average in Gautam Buddha Nagar shows typical milestone variance of 6–11 months.
4. Can the builder raise prices or change plans?
VerifiedNo. Under RERA Section 14, structural plans cannot be altered without 2/3rd consent of all allottees. Under Section 13, token advance is legally capped at 10% before registering the Agreement for Sale.
Statutory Evidence
Rung 1: Registration & Authority Standing
Jurisdiction: Uttar Pradesh RERARung 2: Escrow Discipline (Section 4(2)(l)(D))
Dedicated 70% Statutory Bank AccountRung 3: Construction Truth & Progress Integrity
Certified Milestone Filings vs Ground RealityContradiction Check (Form 1 vs Form 2 vs Form 3)
VerifiedThree statutory certifications submitted quarterly under RERA Section 4(2)(l)(D).
Rung 4: Approvals, Sanctions & Land Encumbrances
Commencement, Sanctioned Plans & Bank MortgagesContradiction Check (Form 1 vs Form 2 vs Form 3)
VerifiedThree statutory certifications submitted quarterly under RERA Section 4(2)(l)(D).
Money & Outflow Reality
True All-In Outflow vs Quoted Base Rate
Quoted base rate excludes statutory taxes, parking, PLC, and registration fees.
Advance Payment Capped at 10% Before Agreement Registration
A promoter cannot accept more than 10% of the apartment cost as an advance or application fee without first entering into a written, registered Agreement for Sale. Never hand over large token cheques without registered legal indemnity.
Mandatory Monthly Delay Interest if Possession Date is Missed
If the promoter fails to give possession by the registered date (2026-12-31), they are legally liable to pay monthly interest at the State Bank of India highest marginal cost of funds plus 2% per annum for every month of delay.
Context & Builder Track Record
Roseberry Estate LLP
Gautam Buddha Nagar Delay Index
Data derived from empirical analysis of 19,381 statutory filings across 7 state RERA registries.
Homebuyer Action Plan
The Buyer's Next 5 Moves
Prioritised checklist for this property before signing application forms or parting with money.
Request Form 1 (Architect) and Form 3 (CA Escrow) before handing over any cheque.
Why: Verifies whether construction is actively progressing and ensures funds are strictly deposited in the 70% statutory escrow account.
Confirm cheque is drawn strictly in favor of the designated RERA Escrow Account.
Why: RERA Section 4(2)(l)(D) mandates 70% of collections be deposited into a dedicated bank account to prevent fund diversion.
Refuse payment exceeding 10% before registration of Agreement for Sale.
Why: Statutory protection prevents developers from demanding large advances without registered legal liability.
Ensure agreement defines price strictly on Net Usable Carpet Area, not super built-up ratio.
Why: RERA makes sale on super built-up illegal. All quoted pricing must link to RERA registered carpet area.
Set a calendar reminder for the registered completion date.
Why: If possession slips past the registered RERA date, you are legally entitled to monthly interest at SBI MCLR + 2%.
Statutory Document Vault
Official RERA Registration Certificate
Statutory registration certificate granted by UP RERA (Government of Uttar Pradesh) confirming legal sanction under Registration No. UPRERAPRJ704730.
Municipal Sanctioned Building Plan & Layout Sanction
Town and Country Planning approved structural layouts, sanctioned floor heights, and site setback clearances.
Chartered Accountant Form 3 Financial Audit & Cost Ledger
Statutory quarterly ledger verifying ₹42 Cr land outlay and ₹145 Cr project cost.
70% Designated Escrow Bank Account Maintenance Declaration
Designated separate escrow account with Designated Escrow Bank safeguarding buyer funds under RERA Section 4(2)(l)(D).
Engineer Progress Quarterly Verification Report (Form 2)
Independent chartered engineer audit confirming 68% physical civil construction completion.
Agreement for Sale (Statutory State RERA Standard Form Draft)
Statutory draft contract guaranteeing delivery dates, carpet area verification, and five-year defect liability.
Official Evidence Register (6 Statutory Filings Indexed)
| Document / Filing Type | Certifying Filer | Filing Ref (Mono) | Filing Date | Status | Direct Evidence |
|---|---|---|---|---|---|
Official RERA Registration Certificate | Promoter / Authority | UPRERAPRJ704730 | 8 Oct 2026 | Declared | View |
Municipal Sanctioned Building Plan & Layout Sanction | Promoter / Authority | UPRERAPRJ704730-DOC-2 | 8 Oct 2026 | Declared | View |
Chartered Accountant Form 3 Financial Audit & Cost Ledger | Promoter / Authority | UPRERAPRJ704730-DOC-3 | 8 Oct 2026 | Declared | View |
70% Designated Escrow Bank Account Maintenance Declaration | Promoter / Authority | UPRERAPRJ704730-DOC-4 | 8 Oct 2026 | Declared | View |
Engineer Progress Quarterly Verification Report (Form 2) | Promoter / Authority | UPRERAPRJ704730-DOC-5 | 8 Oct 2026 | Declared | View |
Agreement for Sale (Statutory State RERA Standard Form Draft) | Promoter / Authority | UPRERAPRJ704730-DOC-6 | 8 Oct 2026 | Declared | View |
OwnProperty is funded exclusively by prospective homebuyers. We accept zero fees, sponsorships, or commissions from real estate builders, promoters, or marketing brokers. All statements and ratings reflect factual statutory filings submitted under the Real Estate (Regulation and Development) Act, 2016.
Statutory notice: OwnProperty is an independent evidence intelligence utility and does not provide legal advice. If you are a promoter entity and believe any public filing mirror contains a factual clerical discrepancy, email our statutory audit desk at disputes@ownproperty.in with verified RERA documentation.