Spring City Phase - I
SANDSTONE INFRA INDIA PRIVATE LIMITED · Sangareddy · RERA P01100003171
SPRING CITY PHASE - I is a plotted development / open residential layout at Sultanpur, Ameenpur mandal, Sangareddy district. The registered promoter is SANDSTONE INFRA INDIA PRIVATE LIMITED. The registered site area is 80233.02 sq.m, including 13081.11 sq.m affected by master-plan road widening, with a net site area of 67151.91 sq.m; the record does not disclose a complete plot count or plot-size range. It is registered with TG-RERA as P01100003171, and its proposed completion date is 22/06/2023.
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01What we found
Read from TG-RERA filings, approvals, land and registration records and court records. A court case is counted only when the court record states this project's survey number with its village, or names the project.
02Check before you pay
12 items to check before you pay, 5 high - from the title chain, court records and approvals, each with what to ask the builder or your advocate. An item may not be a problem with the project: records can be incomplete.
1. Project at a glance
Project identity
| Item | Record |
|---|---|
| Registered project name | SPRING CITY PHASE - I RERA record |
| Project type | Plotted development / open residential layout RERA record RERA filing |
| Phase / registered portion | Phase I; the TG-RERA certificate identifies this phase. The precise phase boundary beyond the listed survey land is not separately described in the supplied record. RERA record |
| TG-RERA registration | P01100003171; granted 24/07/2021, valid through 22/06/2023. The supplied certificate says registration was not extended. Registration validity is distinct from the completion deadline. RERA record Approvals record |
| Registered promoter | SANDSTONE INFRA INDIA PRIVATE LIMITED, a private limited company. RERA record Corporate record |
| RERA status | The filed registration period has expired; no extension is evidenced in the supplied material. This states the record, not the project's present physical condition. Approvals record |
Land and geographic identity
| Item | Record |
|---|---|
| Locality | Sultanpur; the layout approval also describes the area as Sultanpur-ORRGC / Outer Ring Road Growth Corridor. RERA record |
| Revenue village | SULTANPUR; approval documents render it as Sultanpur-ORRGC. RERA record RERA filing |
| Mandal | AMEENPUR; approval documents render it as Ameenpur-ORRGC. RERA record RERA filing |
| District | Sangareddy; approval document also spells it “Sanga Reddy.” RERA record |
| PIN | 502319 RERA record |
| Project survey numbers | 383, 384, 385, 386, 387, 388, 455, 456 & 457 (Parts). The RERA filing also renders these as 383/384/385/386/387/388/455/456&457 (Parts). Subdivisions are not specified in the registered project identity. RERA record RERA filing |
| Registered site area | Total site area 80233.02 sq.m; master-plan-road-affected area 13081.11 sq.m; net site area 67151.91 sq.m. RERA filing |
| Boundaries | North, south, east and west: “NEIGHBORS LAND” in the RERA filing. RERA filing |
Development identity
| Item | Record |
|---|---|
| Sanctioning authority | Hyderabad Metropolitan Development Authority (HMDA) Approvals record |
| Principal layout approval | Layout Permit 000063/LO/Plg/HMDA/2020, dated 22 June, 2020; application/file reference 023691/ZOC/LT/U6/HMDA/15052019. The supplied layout document describes the instrument as a draft layout letter/plan recording technical approval and forwarding it for local-authority release. Approvals record |
| Approved built-up area | Not disclosed in the supplied record; this is a plotted layout, not a building scheme. RERA filing |
| Buildings / floors | Building count, floor configuration and building parking levels are not disclosed; the approved proposal is an open-plot layout. |
| Layout road network | The approval records layout roads of 16849.32 sq.m and road widths including 36 Mts, 24 mts and 18 mts; the plan extracts also show 9.14m and 12.19m road-width references. |
| Approved vs RERA-declared plot count | No complete plot count is established by the supplied RERA records. The drawing-derived layout record says plot information is incomplete. Layout record |
Offering and status
| Item | Record |
|---|---|
| Unit type | Plots; no apartment or villa configuration is evidenced. RERA record RERA filing |
| RERA-filed plot size range | Not available in the supplied RERA unit data. RERA record RERA unit table |
| Booked / available plots | Not disclosed in the supplied data. RERA unit table |
| Construction stage | No independently verified site inspection or current construction-stage report is supplied. The RERA amenity data records percentage progress for certain infrastructure items, but it does not establish current on-site completion. RERA amenities |
| Original completion deadline | 22/06/2023, as declared in Form B and the TG-RERA certificate. |
| Revised completion date | No extension or revised date is evidenced in the supplied material. Approvals record |
| Occupancy / completion certificate | No occupancy or completion certificate is evidenced. For this plotted layout, the supplied material does not identify an OC or completion certificate scope. Document index Approvals record |
2. The project story
SPRING CITY PHASE - I is registered with TG-RERA as a plotted residential development at Sultanpur village, Ameenpur mandal, Sangareddy district. The registered land description covers survey numbers 383, 384, 385, 386, 387, 388, 455, 456 and 457 (Parts). The HMDA layout material records an overall site area of 80233.02 sq.m, including 13081.11 sq.m affected by master-plan road widening, and a net site area of 67151.91 sq.m. RERA record RERA filing
The filed plan is for an open layout, not buildings or apartments. It allocates land to plotted area, roads, open space and social infrastructure; HMDA’s document also identifies infrastructure and handover conditions associated with the draft layout approval.
The promoter declared a completion deadline of 22/06/2023. No supplied evidence establishes the present physical stage through an independent site visit, or documents a revised completion date or completion/occupancy certificate. The RERA-filed amenity progress percentages are reported filing data, not independent verification. RERA amenities
3. Master plan, architecture & building design
The HMDA technical-approval material describes a residential open layout. Its land-use statement records 42885.84 sq.m of plotted area, 16849.32 sq.m of layout roads, 5697.13 sq.m of open space, and 1719.63 sq.m of social-infrastructure area, within the 67151.91 sq.m net site area. The plan also identifies 13081.11 sq.m as master-plan-road affected within the total site area of 80233.02 sq.m.
The RERA layout extraction describes roads of 36 m, 24 m and 18 m; other plan text includes 9.14 m and 12.19 m road-width references. These are plan-recorded dimensions, not a survey of roads as currently built.
HMDA’s document identifies 31 plots—numbers 141 to 144, 151 to 154, 161 to 169, and 170 to 183—with a total area of 6493.1 sq.m mortgaged to the Metropolitan Commissioner, HMDA under mortgage deed 7908/2020 dated 25/02/2020. The approval conditions state that these plots are not to be sold while mortgaged and describe infrastructure-completion and release steps.
The available layout drawing is not a complete plot schedule: the drawing-derived record reports that plot details are incomplete and no plot-size measurements were extracted. No buildings, floor plans, building footprint, residential/commercial building split, or tower arrangement are evidenced. Layout record Floor plans
4. Homes, configurations & floor plans
This is a plotted development. The supplied evidence does not provide RERA-filed plot counts, plot-by-plot sizes, or booked and available plot counts. The layout-derived record states that plot information is incomplete and that no plot sizes were measured. RERA record RERA unit table Layout record
The vendor record lists two plot sizes, 1503 Sq.Ft. and 2610 Sq.Ft.; these are vendor-supplied figures, not established here as RERA-filed or verified against the approved layout. Promoter website
Floor-plan review does not yield home measurements: the supplied floor-plan record covers three drawings, of which two have no flats and one scan is pending; no carpet-area measurements were made. Carpet-area concepts for apartments do not apply to the plot offering. Floor plans
5. Parking & vehicle circulation
No approved or RERA-filed parking-space count, visitor or accessible parking provision, or plot-specific parking allocation is established by the supplied material. The project is a plotted layout; the available plan evidence describes road areas and widths, but does not establish parking bays as exclusive plot rights.
The vendor record mentions “Open Parking,” but it does not provide a count or a plot allocation, and is not evidence of a sanctioned or delivered parking scheme. Promoter website
6. Amenities, recreation & open spaces
The layout approval identifies open space and social infrastructure, while the RERA amenity record supplies reported progress percentages for selected layout infrastructure. These percentages are filing data; no independent completion verification is supplied. RERA amenities
| Facility | Description / size | Evidence source | Declared progress / verified status |
|---|---|---|---|
| Plotted area | 42885.84 sq.m | HMDA layout approval material | Approved-plan allocation; completion not independently verified |
| Layout roads | 16849.32 sq.m | HMDA layout approval material | Internal Roads & Footpaths: 70% in RERA amenity record; not independently verified RERA amenities |
| Open space / park | 5697.13 sq.m | HMDA layout approval material | Green Strip/TOT LOT/Park: 0%; aggregate recreational open space: 40% in RERA amenity record; not independently verified RERA amenities |
| Social infrastructure | 1719.63 sq.m | HMDA layout approval material | No completion percentage supplied for this specific area |
| Water supply | No size or capacity supplied | RERA amenity record RERA amenities | 15% reported |
| Sewerage | No system capacity supplied | RERA amenity record RERA amenities | 10% reported |
| Storm-water drains | No system capacity supplied | RERA amenity record RERA amenities | 58% reported |
| Street lighting | No quantity supplied | RERA amenity record RERA amenities | 0% reported |
| Water conservation / rainwater harvesting | No quantity or capacity supplied | RERA amenity record RERA amenities | 0% reported |
| Community buildings | No size or facility description supplied | RERA amenity record RERA amenities | 0% reported |
7. Utilities, building services & safety
HMDA’s layout conditions require arrangements for potable/drinking-water connectivity, underground ducting of utilities and services, an underground storm-water drainage system, paved footpaths, a transformer yard in the area earmarked for utilities, and LED street lighting. These are approval conditions; the supplied record does not independently establish that they have been completed.
The RERA amenity record reports water supply at 15%, sewerage at 10%, storm-water drains at 58%, and electrical meter room/sub-station/receiving station at 0%. It also records solid-waste management and sewage/sullage treatment and disposal at 0%, water conservation/rainwater harvesting at 0%, and fire protection/fire-safety requirements at 0%. These are reported progress fields, not proof of present operation or statutory compliance. RERA amenities
No capacities, water source or storage volume, treatment-plant specification, backup-power provision, fire-system detail, security system, accessibility design, or emergency-access specification is established by the supplied project record.
8. Location, access & connectivity
The registered location is Sultanpur village, Ameenpur mandal, Sangareddy district, Telangana, PIN 502319. The project is identified in the HMDA approval material as being in the Outer Ring Road Growth Corridor (ORRGC). RERA record
The supplied location record gives a nearest sampled Outer Ring Road interchange distance of 7.9 km (approx.). The project layout approval also records proposed internal roads and road widths; it does not establish their present condition. No public-transport routes or other measured landmark distances are supplied. Location record
9. Developer & development status
The registered promoter is SANDSTONE INFRA INDIA PRIVATE LIMITED, identified as a company/private limited company. The promoter’s supplied address is SREE RAMAKRISHNA TOWERS, Sultanpur, Ameenpur, Sangareddy, 502319. The project record lists SRILAXMI YERUVA as authorized signatory and names CHANDRASEKHARA REDDY MALIKIREDDY, HARIPRASAD REDDY CHENNURU and VENKATRAM REDDY PENUBOLU as directors. Corporate record Parties record RERA filing
In Form B dated 11th day of JUNE, 2021, the promoter declared legal title and that the land was free from encumbrances, and undertook to complete the project by 22/06/2023. Those are promoter declarations in the registration filing. The supplied record contains no revised completion date, registration-extension evidence, independent construction inspection, or completion/occupancy certificate. Approvals record
10. Approvals, official records & documents
| Record | What the supplied document establishes |
|---|---|
| TG-RERA certificate P01100003171 | Form C registration for SPRING CITY PHASE - I, dated 24/07/2021, with validity ending 22/06/2023; no extension is shown in the supplied certificate. |
| HMDA layout approval material | Technical approval for a proposed residential open layout under 000063/LO/Plg/HMDA/2020, dated 22 June, 2020, associated with application/file reference 023691/ZOC/LT/U6/HMDA/15052019. The document records draft-layout status and conditions, and says the permission is not proof of land title. |
| Layout drawing / plan | Draft layout plan showing the listed survey numbers, site-area allocation, road and open-space information, and HMDA mortgage plots. |
| Mortgage record noted in HMDA material | Mortgage deed 7908/2020, dated 25/02/2020, covering the specified 31 plots and 6493.1 sq.m in favour of the Metropolitan Commissioner, HMDA. |
| Master-plan-road gift deed noted in HMDA material | Gift deed document 13090/2020, dated 19/05/2020, for master-plan-road affected area in favour of Sultanpur Gram Panchayat; the approval material states an extent of 11890.17 sq.m. |
| NALA conversion reference noted in HMDA material | Proceedings A2/6069/2018 are referenced in the approval document; the underlying order is not included in the supplied document set. |
| Promoter Form B declaration | Affidavit-cum-declaration by M. Chandra Shekar Reddy on behalf of the promoter, dated 11th day of JUNE, 2021, including the promoter’s title, encumbrance and completion declarations. |
| Commencement / building approvals and OC | The supplied records do not establish a building commencement certificate for buildings or an occupancy/completion certificate; the project is documented as a plotted layout. One OCR record is not legible enough to identify an approval instrument. |
1. Project at a glance
Project identity
Registered project name: SPRING CITY PHASE - I
Project type: Plotted development / open residential layout
Phase / registered portion: Phase I; the TG-RERA certificate identifies this phase. The precise phase boundary beyond the listed survey land is not separately described in the supplied record.
TG-RERA registration: P01100003171; granted 24/07/2021, valid through 22/06/2023. The supplied certificate says registration was not extended. Registration validity is distinct from the completion deadline.
Registered promoter: SANDSTONE INFRA INDIA PRIVATE LIMITED, a private limited company.
RERA status: The filed registration period has expired; no extension is evidenced in the supplied material. This states the record, not the project's present physical condition.
Land and geographic identity
Locality: Sultanpur; the layout approval also describes the area as Sultanpur-ORRGC / Outer Ring Road Growth Corridor.
Revenue village: SULTANPUR; approval documents render it as Sultanpur-ORRGC.
Mandal: AMEENPUR; approval documents render it as Ameenpur-ORRGC.
District: Sangareddy; approval document also spells it “Sanga Reddy.”
PIN: 502319
Project survey numbers: 383, 384, 385, 386, 387, 388, 455, 456 & 457 (Parts). The RERA filing also renders these as 383/384/385/386/387/388/455/456&457 (Parts). Subdivisions are not specified in the registered project identity.
Registered site area: Total site area 80233.02 sq.m; master-plan-road-affected area 13081.11 sq.m; net site area 67151.91 sq.m.
Boundaries: North, south, east and west: “NEIGHBORS LAND” in the RERA filing.
Development identity
Sanctioning authority: Hyderabad Metropolitan Development Authority (HMDA)
Principal layout approval: Layout Permit 000063/LO/Plg/HMDA/2020, dated 22 June, 2020; application/file reference 023691/ZOC/LT/U6/HMDA/15052019. The supplied layout document describes the instrument as a draft layout letter/plan recording technical approval and forwarding it for local-authority release.
Approved built-up area: Not disclosed in the supplied record; this is a plotted layout, not a building scheme.
Buildings / floors: Building count, floor configuration and building parking levels are not disclosed; the approved proposal is an open-plot layout.
Layout road network: The approval records layout roads of 16849.32 sq.m and road widths including 36 Mts, 24 mts and 18 mts; the plan extracts also show 9.14m and 12.19m road-width references.
Approved vs RERA-declared plot count: No complete plot count is established by the supplied RERA records. The drawing-derived layout record says plot information is incomplete.
Offering and status
Unit type: Plots; no apartment or villa configuration is evidenced.
RERA-filed plot size range: Not available in the supplied RERA unit data.
Booked / available plots: Not disclosed in the supplied data.
Construction stage: No independently verified site inspection or current construction-stage report is supplied. The RERA amenity data records percentage progress for certain infrastructure items, but it does not establish current on-site completion.
Original completion deadline: 22/06/2023, as declared in Form B and the TG-RERA certificate.
Revised completion date: No extension or revised date is evidenced in the supplied material.
Occupancy / completion certificate: No occupancy or completion certificate is evidenced. For this plotted layout, the supplied material does not identify an OC or completion certificate scope.
2. The project story
SPRING CITY PHASE - I is registered with TG-RERA as a plotted residential development at Sultanpur village, Ameenpur mandal, Sangareddy district. The registered land description covers survey numbers 383, 384, 385, 386, 387, 388, 455, 456 and 457 (Parts). The HMDA layout material records an overall site area of 80233.02 sq.m, including 13081.11 sq.m affected by master-plan road widening, and a net site area of 67151.91 sq.m.
The filed plan is for an open layout, not buildings or apartments. It allocates land to plotted area, roads, open space and social infrastructure; HMDA’s document also identifies infrastructure and handover conditions associated with the draft layout approval.
The promoter declared a completion deadline of 22/06/2023. No supplied evidence establishes the present physical stage through an independent site visit, or documents a revised completion date or completion/occupancy certificate. The RERA-filed amenity progress percentages are reported filing data, not independent verification.
3. Master plan, architecture & building design
The HMDA technical-approval material describes a residential open layout. Its land-use statement records 42885.84 sq.m of plotted area, 16849.32 sq.m of layout roads, 5697.13 sq.m of open space, and 1719.63 sq.m of social-infrastructure area, within the 67151.91 sq.m net site area. The plan also identifies 13081.11 sq.m as master-plan-road affected within the total site area of 80233.02 sq.m.
The RERA layout extraction describes roads of 36 m, 24 m and 18 m; other plan text includes 9.14 m and 12.19 m road-width references. These are plan-recorded dimensions, not a survey of roads as currently built.
HMDA’s document identifies 31 plots—numbers 141 to 144, 151 to 154, 161 to 169, and 170 to 183—with a total area of 6493.1 sq.m mortgaged to the Metropolitan Commissioner, HMDA under mortgage deed 7908/2020 dated 25/02/2020. The approval conditions state that these plots are not to be sold while mortgaged and describe infrastructure-completion and release steps.
The available layout drawing is not a complete plot schedule: the drawing-derived record reports that plot details are incomplete and no plot-size measurements were extracted. No buildings, floor plans, building footprint, residential/commercial building split, or tower arrangement are evidenced.
4. Homes, configurations & floor plans
This is a plotted development. The supplied evidence does not provide RERA-filed plot counts, plot-by-plot sizes, or booked and available plot counts. The layout-derived record states that plot information is incomplete and that no plot sizes were measured.
The vendor record lists two plot sizes, 1503 Sq.Ft. and 2610 Sq.Ft.; these are vendor-supplied figures, not established here as RERA-filed or verified against the approved layout.
Floor-plan review does not yield home measurements: the supplied floor-plan record covers three drawings, of which two have no flats and one scan is pending; no carpet-area measurements were made. Carpet-area concepts for apartments do not apply to the plot offering.
5. Parking & vehicle circulation
No approved or RERA-filed parking-space count, visitor or accessible parking provision, or plot-specific parking allocation is established by the supplied material. The project is a plotted layout; the available plan evidence describes road areas and widths, but does not establish parking bays as exclusive plot rights.
The vendor record mentions “Open Parking,” but it does not provide a count or a plot allocation, and is not evidence of a sanctioned or delivered parking scheme.
6. Amenities, recreation & open spaces
The layout approval identifies open space and social infrastructure, while the RERA amenity record supplies reported progress percentages for selected layout infrastructure. These percentages are filing data; no independent completion verification is supplied.
| Facility | Description / size | Evidence source | Declared progress / verified status |
|---|---|---|---|
| Plotted area | 42885.84 sq.m | HMDA layout approval material | Approved-plan allocation; completion not independently verified |
| Layout roads | 16849.32 sq.m | HMDA layout approval material | Internal Roads & Footpaths: 70% in RERA amenity record; not independently verified |
| Open space / park | 5697.13 sq.m | HMDA layout approval material | Green Strip/TOT LOT/Park: 0%; aggregate recreational open space: 40% in RERA amenity record; not independently verified |
| Social infrastructure | 1719.63 sq.m | HMDA layout approval material | No completion percentage supplied for this specific area |
| Water supply | No size or capacity supplied | RERA amenity record | 15% reported |
| Sewerage | No system capacity supplied | RERA amenity record | 10% reported |
| Storm-water drains | No system capacity supplied | RERA amenity record | 58% reported |
| Street lighting | No quantity supplied | RERA amenity record | 0% reported |
| Water conservation / rainwater harvesting | No quantity or capacity supplied | RERA amenity record | 0% reported |
| Community buildings | No size or facility description supplied | RERA amenity record | 0% reported |
7. Utilities, building services & safety
HMDA’s layout conditions require arrangements for potable/drinking-water connectivity, underground ducting of utilities and services, an underground storm-water drainage system, paved footpaths, a transformer yard in the area earmarked for utilities, and LED street lighting. These are approval conditions; the supplied record does not independently establish that they have been completed.
The RERA amenity record reports water supply at 15%, sewerage at 10%, storm-water drains at 58%, and electrical meter room/sub-station/receiving station at 0%. It also records solid-waste management and sewage/sullage treatment and disposal at 0%, water conservation/rainwater harvesting at 0%, and fire protection/fire-safety requirements at 0%. These are reported progress fields, not proof of present operation or statutory compliance.
No capacities, water source or storage volume, treatment-plant specification, backup-power provision, fire-system detail, security system, accessibility design, or emergency-access specification is established by the supplied project record.
8. Location, access & connectivity
The registered location is Sultanpur village, Ameenpur mandal, Sangareddy district, Telangana, PIN 502319. The project is identified in the HMDA approval material as being in the Outer Ring Road Growth Corridor (ORRGC).
The supplied location record gives a nearest sampled Outer Ring Road interchange distance of 7.9 km (approx.). The project layout approval also records proposed internal roads and road widths; it does not establish their present condition. No public-transport routes or other measured landmark distances are supplied.
9. Developer & development status
The registered promoter is SANDSTONE INFRA INDIA PRIVATE LIMITED, identified as a company/private limited company. The promoter’s supplied address is SREE RAMAKRISHNA TOWERS, Sultanpur, Ameenpur, Sangareddy, 502319. The project record lists SRILAXMI YERUVA as authorized signatory and names CHANDRASEKHARA REDDY MALIKIREDDY, HARIPRASAD REDDY CHENNURU and VENKATRAM REDDY PENUBOLU as directors.
In Form B dated 11th day of JUNE, 2021, the promoter declared legal title and that the land was free from encumbrances, and undertook to complete the project by 22/06/2023. Those are promoter declarations in the registration filing. The supplied record contains no revised completion date, registration-extension evidence, independent construction inspection, or completion/occupancy certificate.
10. Approvals, official records & documents
TG-RERA certificate P01100003171: Form C registration for SPRING CITY PHASE - I, dated 24/07/2021, with validity ending 22/06/2023; no extension is shown in the supplied certificate.
HMDA layout approval material: Technical approval for a proposed residential open layout under 000063/LO/Plg/HMDA/2020, dated 22 June, 2020, associated with application/file reference 023691/ZOC/LT/U6/HMDA/15052019. The document records draft-layout status and conditions, and says the permission is not proof of land title.
Layout drawing / plan: Draft layout plan showing the listed survey numbers, site-area allocation, road and open-space information, and HMDA mortgage plots.
Mortgage record noted in HMDA material: Mortgage deed 7908/2020, dated 25/02/2020, covering the specified 31 plots and 6493.1 sq.m in favour of the Metropolitan Commissioner, HMDA.
Master-plan-road gift deed noted in HMDA material: Gift deed document 13090/2020, dated 19/05/2020, for master-plan-road affected area in favour of Sultanpur Gram Panchayat; the approval material states an extent of 11890.17 sq.m.
NALA conversion reference noted in HMDA material: Proceedings A2/6069/2018 are referenced in the approval document; the underlying order is not included in the supplied document set.
Promoter Form B declaration: Affidavit-cum-declaration by M. Chandra Shekar Reddy on behalf of the promoter, dated 11th day of JUNE, 2021, including the promoter’s title, encumbrance and completion declarations.
Commencement / building approvals and OC: The supplied records do not establish a building commencement certificate for buildings or an occupancy/completion certificate; the project is documented as a plotted layout. One OCR record is not legible enough to identify an approval instrument.
Frequently asked questions
Is SPRING CITY PHASE - I registered with Telangana RERA?
Yes. SPRING CITY PHASE - I is registered with the Telangana Real Estate Regulatory Authority as P01100003171; the registration status is New Project.
Who is the developer of SPRING CITY PHASE - I?
The promoter named in the RERA registration is SANDSTONE INFRA INDIA PRIVATE LIMITED.
Where is SPRING CITY PHASE - I located?
SPRING CITY PHASE - I is in Sultanpur, AMEENPUR, Sangareddy, Telangana (502319).
When will SPRING CITY PHASE - I be completed?
The promoter's proposed date of completion filed with RERA is 22/06/2023. This is the promoter's declaration, not a guarantee.
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