Sai Brundavan Enclave
VUPPALA · Rangareddy · RERA P02400011328
SAI BRUNDAVAN ENCLAVE is a plotted development in AMBETKAT CHOWRASTRA, Thalakondapally mandal, Ranga Reddy district. The registered promoter is VUPPALA VENKATESH. The site area is 7,236.59 sq.m, and the layout drawing identifies 25 plots ranging from 125.27–448.38 sq.m; no tower or floor configuration is stated. The project is registered under TG-RERA number P02400011328, with a promoter-declared completion date of 24-Oct-2028.
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
7 items to check before you pay, 4 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 | SAI BRUNDAVAN ENCLAVE RERA record |
| Project type | Plotted development / open-plot layout RERA record |
| Phase or registered portion | Not identified as a numbered phase; registration is for the project described in the certificate |
| TG-RERA registration | P02400011328 |
| Registration validity | 24/10/2025–24/10/2028; the certificate records a three-year term. This is the registration period, not an occupancy certificate or evidence of completion. |
| Registered promoter | VUPPALA VENKATESH (also rendered “Vuppala Venkatesh” in the promoter declaration) |
| Legal entity type / corporate identifier | Not disclosed in the supplied records Corporate record |
| RERA status | Registration certificate issued under section 5; certificate issue date shown as 16/10/2026 |
Land and geographic identity
| Item | Record |
|---|---|
| Locality | AMBETKAT CHOWRASTRA RERA record RERA filing |
| Revenue village | Talakondapally RERA filing |
| Mandal | Thalakondapally RERA record RERA filing |
| District | Ranga Reddy RERA record RERA filing |
| PIN | 509321 RERA record |
| Project survey numbers as filed | SY NOS 324/AA/1/1/1/1/1/1/1 AND 324/AA/1/1/1/1/1/1 RERA filing |
| Registered site extent | 7,236.59 sq.m; net area also stated as 7,236.59 sq.m RERA filing |
| Boundaries stated in RERA filing | East: OTHERS LAND; West: ROAD; North: ROAD; South: OTHERS OPEN LAND RERA filing |
Development identity
| Item | Record |
|---|---|
| Sanctioning authority | Hyderabad Metropolitan Development Authority (HMDA) Approvals record |
| Principal layout approval | 0852/HMDA/SWDL/2025, dated 24/10/2025; the supplied document is titled a Draft Layout Letter Approvals record |
| Application / file number | 002758/HMDA/00810/SWDL/SHZ/2025 |
| Approved built-up area | 4,769.19 sq.m, as recorded in the RERA filing; the layout drawing identifies the same figure as plotted area RERA filing Layout record |
| Building / tower count and floor configuration | Not applicable as a plotted layout; no building or floor schedule is supplied |
| Parking provision | No parking count or parking arrangement identified in the supplied records RERA filing |
| Plot count | 25 plots, read from the layout drawing’s plot schedule; software-measured extraction, to be checked against the drawing Layout record |
| Approved versus RERA-declared plot counts | Layout drawing extraction identifies 25 plots; a separate RERA-declared plot-count field is not supplied Layout record RERA filing |
Offering and status
| Item | Record |
|---|---|
| Unit type | Plots; the filed allotment and agreement forms are plot-sale templates RERA record |
| Plot size range | 125.27–448.38 sq.m (149.8–536.3 sq.yd), software-read from the layout plot schedule Layout record |
| Booked / available plots | Not disclosed in the supplied records RERA filing |
| Development stage | Project is registered and has HMDA draft layout permission; supplied evidence does not establish completed infrastructure or independently verified site progress RERA amenities |
| Promoter-declared completion date | 24-Oct-2028 |
| Original / revised completion dates | No separate revised date is supplied; 24-Oct-2028 is the completion date in the promoter’s Form B declaration |
| Occupancy / completion certificate | Not supplied; no building occupancy status is identified for this plotted layout Document index |
2. The project story
SAI BRUNDAVAN ENCLAVE is registered as a plotted development in Talakondapally village, Thalakondapally mandal, Ranga Reddy district, at AMBETKAT CHOWRASTRA. The registered land description names survey subdivisions 324/AA/1/1/1/1/1/1/1 and 324/AA/1/1/1/1/1/1, with a filed site and net area of 7,236.59 sq.m. RERA record RERA filing
The supplied layout drawing extraction identifies 25 plots. Its plot schedule is software-read, and the plot sizes and count should be checked against the drawing itself. The project is not described in the supplied evidence as an apartment or villa scheme. Layout record The promoter’s Form B declaration undertakes completion by 24-Oct-2028; that is a declared timeline, not verified progress.
HMDA’s 24/10/2025 document is a draft layout letter for the proposed open-plot layout. It sets development and handover conditions, including completion of specified works and submission for final layout release. The supplied record does not establish that those works have been completed or that final layout plans have been released.
3. Master plan, architecture & building design
The HMDA draft layout letter records a total net layout of 7,236.59 sq.m and the following land-use allocation:
| Layout use | Area | Share shown in approval record |
|---|---|---|
| Plotted area | 4,769.19 sq.m | 65.9% |
| Roads | 1,665.79 sq.m | 23.02% |
| Organized open space / park | 545.58 sq.m | 7.54% |
| Social infrastructure | 181.43 sq.m | 2.51% |
| Utilities | 74.61 sq.m | 1.03% |
| Road-affected area | 0 sq.m | 0.0% |
| Amenities area | 0 sq.m | 0.0% |
| Total net layout | 7,236.59 sq.m | 100.0% |
Layout record
The layout drawing extraction reports 25 plots with sizes from 125.27 sq.m (149.8 sq.yd) to 448.38 sq.m (536.3 sq.yd). These are software-read drawing measurements, not RERA-filed saleable-area figures. The approval records an 18 mts and above road-width condition and also refers to avenue plantation in roads 60 feet and above; the supplied material does not provide a complete road-by-road schedule. Layout record
This is a plotted layout, so apartment floor configurations, building footprints, lifts, stairs and residential/commercial floor-area breakdowns are not applicable or not evidenced. The RERA filing reports “Approved Built up Area” as 4,769.19 sq.m; the layout schedule labels that same figure as plotted area. RERA filing Layout record
4. Homes, configurations & floor plans
The offer shown in the supplied records is plots, not homes in buildings. The layout drawing’s plot schedule was software-read and should be verified against the drawing; the material does not disclose plot-by-plot booking or availability.
| Plot information | Supplied record |
|---|---|
| Plot count | 25, software-read from the drawing schedule Layout record |
| Size range | 125.27–448.38 sq.m (149.8–536.3 sq.yd), software-read Layout record |
| 100–150 sq.yd band | 1 plot Layout record |
| 150–200 sq.yd band | 14 plots Layout record |
| 200–250 sq.yd band | 3 plots Layout record |
| 250–300 sq.yd band | 1 plot Layout record |
| 300–400 sq.yd band | 5 plots Layout record |
| 500–1,000 sq.yd band | 1 plot Layout record |
| Booked / available | Not disclosed RERA filing |
The supplied floor-plan dataset contains one layout sheet and no apartment plans; there are no measured dwelling plans to report. Plot area is distinct from apartment carpet or saleable area, and no plot-specific saleable-area schedule is supplied here. Floor plans Layout record
5. Parking & vehicle circulation
No parking-space count, visitor or accessible parking allocation, vehicle-parking layout, or plot-specific parking entitlement is established in the supplied records. The HMDA draft letter requires road formation and refers to internal roads and pedestrian footpaths, but does not provide a complete access, driveway, or parking schedule in the supplied extraction. RERA filing
6. Amenities, recreation & open spaces
The HMDA draft layout letter identifies 545.58 sq.m of organized open space / park area, 181.43 sq.m of social infrastructure area and 74.61 sq.m of utilities area. These are layout allocations; the supplied records do not verify that the facilities or infrastructure have been delivered.
| Facility / provision | Description / size | Evidence source | Declared progress / verified status |
|---|---|---|---|
| Park / organized open space | 545.58 sq.m | HMDA draft layout allocation | Allocation shown; completion not verified |
| Social infrastructure area | 181.43 sq.m | HMDA draft layout allocation | Land allocation shown; specific facility and completion status not supplied |
| Avenue plantation | Required by the draft-layout conditions | HMDA draft layout letter | Condition; completion not verified |
| Cycling tracks | Required by the draft-layout conditions | HMDA draft layout letter | Condition; completion not verified |
No clubhouse or indoor recreation facility is identified in the supplied evidence. The RERA amenity schedule includes internal roads and footpaths, water supply, sewerage, green strip/park, street lighting, electrical-meter/substation provision and recreational open space, each with 0% reported progress in the supplied schedule. RERA amenities
7. Utilities, building services & safety
HMDA’s draft layout conditions describe proposed infrastructure and works, including water-supply pipelines, an overhead tank and sumps; underground sewerage lines and a common septic tank/STP; storm-water drainage and NALA channelization; electrical lines, transformer and street lighting; rainwater-harvesting pits; underground utility ducting; solid-waste space, source segregation and a bio-compost unit. The letter also requires road and footpath works, LED street lighting, pedestrian footpaths and cycling tracks. These are approval conditions/provisions, not confirmation of completed or operational services.
The letter requires potable-water connectivity arrangements to a main trunk/connecting pipeline under Mission Bhagiratha or another authority-approved source. It also specifies a septage-treatment mechanism for layouts under 10 acres under the Telangana State FSSM policy. The supplied material does not establish the selected water source, capacity, treatment performance, connection status or completed sewerage arrangement.
The RERA amenity schedule reports 0% progress for the listed infrastructure items, including water supply, sewerage, storm-water drains, street lighting, waste management, rainwater harvesting and electrical-substation provision. No fire-system design, emergency-access details, security system, accessibility schedule or completed-service verification is supplied. RERA amenities
8. Location, access & connectivity
The registered location is AMBETKAT CHOWRASTRA, Talakondapally village, Thalakondapally mandal, Ranga Reddy district, PIN 509321. The filed boundary descriptions identify roads on the west and north sides, other land to the east and other open land to the south. RERA record RERA filing RERA filing
The supplied location record places the cadastral parcel centroid at 16.885243213300853, 78.44273900685363. It lists the nearest sampled Outer Ring Road interchange at approximately 38.4 km; this is a supplied approximate distance, not a travel-time estimate. Location record
HMDA’s draft letter calls for internal roads to be opened for access to neighbouring sites and describes road and footpath development. It does not establish a completed public-road connection, public-transport service or specific nearby landmark in the supplied evidence.
9. Developer & development status
The registered promoter is VUPPALA VENKATESH. The supplied records do not identify a legal entity type, corporate registration number, registered office separate from the project address, official website or contact details. Corporate record Parties record
The promoter’s Form B affidavit, dated 13-November-2025, declares legal title, states that the land is free from encumbrances and undertakes completion by 24-Oct-2028. These are promoter declarations; they do not establish independent title verification or site completion.
The project’s registration remains valid through 24/10/2028 according to the certificate, while HMDA’s supplied document is a draft layout letter with development and final-release conditions. No independently verified construction progress or occupancy/completion certificate is supplied.
10. Approvals, official records & documents
| Identifier / date | P02400011328; validity 24/10/2025–24/10/2028; certificate issue date 16/10/2026 |
|---|---|
| What the supplied record establishes | Form C registration for SAI BRUNDAVAN ENCLAVE under section 5 |
| Identifier / date | 0852/HMDA/SWDL/2025, dated 24/10/2025 |
|---|---|
| What the supplied record establishes | Draft layout permission for a 7,236.59 sq.m plotted layout; subject to development and handover conditions |
| Identifier / date | 002758/HMDA/00810/SWDL/SHZ/2025 |
|---|---|
| What the supplied record establishes | Application/file reference appearing in the layout records |
| Identifier / date | 10263/2025, dated 10/10/2025 |
|---|---|
| What the supplied record establishes | Draft letter records a 752.66 sq.m mortgage in favour of the Metropolitan Commissioner, HMDA |
| Identifier / date | Document 747693 |
|---|---|
| What the supplied record establishes | One layout sheet; plot count, plot sizes and land-use schedule are drawing-derived, with the plot extraction identified as software-read Layout record |
| Identifier / date | Dated 13-November-2025 |
|---|---|
| What the supplied record establishes | Promoter-declared title/encumbrance statements, fund obligations and completion undertaking |
| Identifier / date | Document 624191 |
|---|---|
| What the supplied record establishes | Blank template; plot, allottee, payment, RERA number and signature/date fields are unfilled |
| Identifier / date | Document 624192 |
|---|---|
| What the supplied record establishes | Proposed plot-sale form; key transaction and plot particulars are largely unfilled |
The supplied approval record describes a draft layout letter and states that development and handover conditions apply before final layout release. No final layout release, completion certificate or occupancy certificate is included in the supplied evidence. Document index
1. Project at a glance
Project identity
Registered project name: SAI BRUNDAVAN ENCLAVE
Project type: Plotted development / open-plot layout
Phase or registered portion: Not identified as a numbered phase; registration is for the project described in the certificate
TG-RERA registration: P02400011328
Registration validity: 24/10/2025–24/10/2028; the certificate records a three-year term. This is the registration period, not an occupancy certificate or evidence of completion.
Registered promoter: VUPPALA VENKATESH (also rendered “Vuppala Venkatesh” in the promoter declaration)
Legal entity type / corporate identifier: Not disclosed in the supplied records
RERA status: Registration certificate issued under section 5; certificate issue date shown as 16/10/2026
Land and geographic identity
Locality: AMBETKAT CHOWRASTRA
Revenue village: Talakondapally
Mandal: Thalakondapally
District: Ranga Reddy
PIN: 509321
Project survey numbers as filed: SY NOS 324/AA/1/1/1/1/1/1/1 AND 324/AA/1/1/1/1/1/1
Registered site extent: 7,236.59 sq.m; net area also stated as 7,236.59 sq.m
Boundaries stated in RERA filing: East: OTHERS LAND; West: ROAD; North: ROAD; South: OTHERS OPEN LAND
Development identity
Sanctioning authority: Hyderabad Metropolitan Development Authority (HMDA)
Principal layout approval: 0852/HMDA/SWDL/2025, dated 24/10/2025; the supplied document is titled a Draft Layout Letter
Application / file number: 002758/HMDA/00810/SWDL/SHZ/2025
Approved built-up area: 4,769.19 sq.m, as recorded in the RERA filing; the layout drawing identifies the same figure as plotted area
Building / tower count and floor configuration: Not applicable as a plotted layout; no building or floor schedule is supplied
Parking provision: No parking count or parking arrangement identified in the supplied records
Plot count: 25 plots, read from the layout drawing’s plot schedule; software-measured extraction, to be checked against the drawing
Approved versus RERA-declared plot counts: Layout drawing extraction identifies 25 plots; a separate RERA-declared plot-count field is not supplied
Offering and status
Unit type: Plots; the filed allotment and agreement forms are plot-sale templates
Plot size range: 125.27–448.38 sq.m (149.8–536.3 sq.yd), software-read from the layout plot schedule
Booked / available plots: Not disclosed in the supplied records
Development stage: Project is registered and has HMDA draft layout permission; supplied evidence does not establish completed infrastructure or independently verified site progress
Promoter-declared completion date: 24-Oct-2028
Original / revised completion dates: No separate revised date is supplied; 24-Oct-2028 is the completion date in the promoter’s Form B declaration
Occupancy / completion certificate: Not supplied; no building occupancy status is identified for this plotted layout
2. The project story
SAI BRUNDAVAN ENCLAVE is registered as a plotted development in Talakondapally village, Thalakondapally mandal, Ranga Reddy district, at AMBETKAT CHOWRASTRA. The registered land description names survey subdivisions 324/AA/1/1/1/1/1/1/1 and 324/AA/1/1/1/1/1/1, with a filed site and net area of 7,236.59 sq.m.
The supplied layout drawing extraction identifies 25 plots. Its plot schedule is software-read, and the plot sizes and count should be checked against the drawing itself. The project is not described in the supplied evidence as an apartment or villa scheme. The promoter’s Form B declaration undertakes completion by 24-Oct-2028; that is a declared timeline, not verified progress.
HMDA’s 24/10/2025 document is a draft layout letter for the proposed open-plot layout. It sets development and handover conditions, including completion of specified works and submission for final layout release. The supplied record does not establish that those works have been completed or that final layout plans have been released.
3. Master plan, architecture & building design
The HMDA draft layout letter records a total net layout of 7,236.59 sq.m and the following land-use allocation:
| Layout use | Area | Share shown in approval record |
|---|---|---|
| Plotted area | 4,769.19 sq.m | 65.9% |
| Roads | 1,665.79 sq.m | 23.02% |
| Organized open space / park | 545.58 sq.m | 7.54% |
| Social infrastructure | 181.43 sq.m | 2.51% |
| Utilities | 74.61 sq.m | 1.03% |
| Road-affected area | 0 sq.m | 0.0% |
| Amenities area | 0 sq.m | 0.0% |
| Total net layout | 7,236.59 sq.m | 100.0% |
The layout drawing extraction reports 25 plots with sizes from 125.27 sq.m (149.8 sq.yd) to 448.38 sq.m (536.3 sq.yd). These are software-read drawing measurements, not RERA-filed saleable-area figures. The approval records an 18 mts and above road-width condition and also refers to avenue plantation in roads 60 feet and above; the supplied material does not provide a complete road-by-road schedule.
This is a plotted layout, so apartment floor configurations, building footprints, lifts, stairs and residential/commercial floor-area breakdowns are not applicable or not evidenced. The RERA filing reports “Approved Built up Area” as 4,769.19 sq.m; the layout schedule labels that same figure as plotted area.
4. Homes, configurations & floor plans
The offer shown in the supplied records is plots, not homes in buildings. The layout drawing’s plot schedule was software-read and should be verified against the drawing; the material does not disclose plot-by-plot booking or availability.
Plot count: 25, software-read from the drawing schedule
Size range: 125.27–448.38 sq.m (149.8–536.3 sq.yd), software-read
100–150 sq.yd band: 1 plot
150–200 sq.yd band: 14 plots
200–250 sq.yd band: 3 plots
250–300 sq.yd band: 1 plot
300–400 sq.yd band: 5 plots
500–1,000 sq.yd band: 1 plot
Booked / available: Not disclosed
The supplied floor-plan dataset contains one layout sheet and no apartment plans; there are no measured dwelling plans to report. Plot area is distinct from apartment carpet or saleable area, and no plot-specific saleable-area schedule is supplied here.
5. Parking & vehicle circulation
No parking-space count, visitor or accessible parking allocation, vehicle-parking layout, or plot-specific parking entitlement is established in the supplied records. The HMDA draft letter requires road formation and refers to internal roads and pedestrian footpaths, but does not provide a complete access, driveway, or parking schedule in the supplied extraction.
6. Amenities, recreation & open spaces
The HMDA draft layout letter identifies 545.58 sq.m of organized open space / park area, 181.43 sq.m of social infrastructure area and 74.61 sq.m of utilities area. These are layout allocations; the supplied records do not verify that the facilities or infrastructure have been delivered.
| Facility / provision | Description / size | Evidence source | Declared progress / verified status |
|---|---|---|---|
| Park / organized open space | 545.58 sq.m | HMDA draft layout allocation | Allocation shown; completion not verified |
| Social infrastructure area | 181.43 sq.m | HMDA draft layout allocation | Land allocation shown; specific facility and completion status not supplied |
| Avenue plantation | Required by the draft-layout conditions | HMDA draft layout letter | Condition; completion not verified |
| Cycling tracks | Required by the draft-layout conditions | HMDA draft layout letter | Condition; completion not verified |
No clubhouse or indoor recreation facility is identified in the supplied evidence. The RERA amenity schedule includes internal roads and footpaths, water supply, sewerage, green strip/park, street lighting, electrical-meter/substation provision and recreational open space, each with 0% reported progress in the supplied schedule.
7. Utilities, building services & safety
HMDA’s draft layout conditions describe proposed infrastructure and works, including water-supply pipelines, an overhead tank and sumps; underground sewerage lines and a common septic tank/STP; storm-water drainage and NALA channelization; electrical lines, transformer and street lighting; rainwater-harvesting pits; underground utility ducting; solid-waste space, source segregation and a bio-compost unit. The letter also requires road and footpath works, LED street lighting, pedestrian footpaths and cycling tracks. These are approval conditions/provisions, not confirmation of completed or operational services.
The letter requires potable-water connectivity arrangements to a main trunk/connecting pipeline under Mission Bhagiratha or another authority-approved source. It also specifies a septage-treatment mechanism for layouts under 10 acres under the Telangana State FSSM policy. The supplied material does not establish the selected water source, capacity, treatment performance, connection status or completed sewerage arrangement.
The RERA amenity schedule reports 0% progress for the listed infrastructure items, including water supply, sewerage, storm-water drains, street lighting, waste management, rainwater harvesting and electrical-substation provision. No fire-system design, emergency-access details, security system, accessibility schedule or completed-service verification is supplied.
8. Location, access & connectivity
The registered location is AMBETKAT CHOWRASTRA, Talakondapally village, Thalakondapally mandal, Ranga Reddy district, PIN 509321. The filed boundary descriptions identify roads on the west and north sides, other land to the east and other open land to the south.
The supplied location record places the cadastral parcel centroid at 16.885243213300853, 78.44273900685363. It lists the nearest sampled Outer Ring Road interchange at approximately 38.4 km; this is a supplied approximate distance, not a travel-time estimate.
HMDA’s draft letter calls for internal roads to be opened for access to neighbouring sites and describes road and footpath development. It does not establish a completed public-road connection, public-transport service or specific nearby landmark in the supplied evidence.
9. Developer & development status
The registered promoter is VUPPALA VENKATESH. The supplied records do not identify a legal entity type, corporate registration number, registered office separate from the project address, official website or contact details.
The promoter’s Form B affidavit, dated 13-November-2025, declares legal title, states that the land is free from encumbrances and undertakes completion by 24-Oct-2028. These are promoter declarations; they do not establish independent title verification or site completion.
The project’s registration remains valid through 24/10/2028 according to the certificate, while HMDA’s supplied document is a draft layout letter with development and final-release conditions. No independently verified construction progress or occupancy/completion certificate is supplied.
10. Approvals, official records & documents
| Identifier / date | P02400011328; validity 24/10/2025–24/10/2028; certificate issue date 16/10/2026 |
|---|---|
| What the supplied record establishes | Form C registration for SAI BRUNDAVAN ENCLAVE under section 5 |
| Identifier / date | 0852/HMDA/SWDL/2025, dated 24/10/2025 |
|---|---|
| What the supplied record establishes | Draft layout permission for a 7,236.59 sq.m plotted layout; subject to development and handover conditions |
| Identifier / date | 002758/HMDA/00810/SWDL/SHZ/2025 |
|---|---|
| What the supplied record establishes | Application/file reference appearing in the layout records |
| Identifier / date | 10263/2025, dated 10/10/2025 |
|---|---|
| What the supplied record establishes | Draft letter records a 752.66 sq.m mortgage in favour of the Metropolitan Commissioner, HMDA |
| Identifier / date | Document 747693 |
|---|---|
| What the supplied record establishes | One layout sheet; plot count, plot sizes and land-use schedule are drawing-derived, with the plot extraction identified as software-read |
| Identifier / date | Dated 13-November-2025 |
|---|---|
| What the supplied record establishes | Promoter-declared title/encumbrance statements, fund obligations and completion undertaking |
| Identifier / date | Document 624191 |
|---|---|
| What the supplied record establishes | Blank template; plot, allottee, payment, RERA number and signature/date fields are unfilled |
| Identifier / date | Document 624192 |
|---|---|
| What the supplied record establishes | Proposed plot-sale form; key transaction and plot particulars are largely unfilled |
The supplied approval record describes a draft layout letter and states that development and handover conditions apply before final layout release. No final layout release, completion certificate or occupancy certificate is included in the supplied evidence.
Frequently asked questions
Is SAI BRUNDAVAN ENCLAVE registered with Telangana RERA?
Yes. SAI BRUNDAVAN ENCLAVE is registered with the Telangana Real Estate Regulatory Authority as P02400011328; the registration status is New Project.
Who is the developer of SAI BRUNDAVAN ENCLAVE?
The promoter named in the RERA registration is VUPPALA.
Where is SAI BRUNDAVAN ENCLAVE located?
SAI BRUNDAVAN ENCLAVE is in AMBETKAT CHOWRASTRA, Talakondapally, Thalakondapally, Rangareddy, Telangana (509321).
When will SAI BRUNDAVAN ENCLAVE be completed?
The promoter's proposed date of completion filed with RERA is 24/10/2028. This is the promoter's declaration, not a guarantee.