Fortune Rudraksh
Rudraksh MegaCorp Private Limited · Medchal-Malkajgiri · RERA P02200000402
Fortune Rudraksh is a plotted development / open-plot layout in Shamirpet Village, Shamirpet Mandal, Medchal-Malkajgiri District, developed by registered promoter Rudraksh MegaCorp Private Limited. The site area is 77957.65 sq. m, and the development is for residential plots; the supplied records do not disclose a complete plot count or plot-size range. The project is registered under TG-RERA registration P02200000402, with proposed completion on 04/09/2021.
More from Rudraksh Megacorp Pvt Ltd · 3 projects →
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
8 items to check before you pay, 3 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
| Field | Record |
|---|---|
| Registered project name | Fortune Rudraksh RERA record |
| Project type | Plotted development / open-plot layout RERA record |
| Registered portion | Phase or separately identified registered portion is not disclosed RERA record |
| TG-RERA registration | P02200000402 RERA record |
| Registration validity | Certificate states validity from 08/03/2019 to 04/09/2021; no extension is recorded in the supplied certificate, which states extended: false |
| Registered promoter | Rudraksh MegaCorp Private Limited RERA record |
| RERA status | The project is recorded as “New Project”; the certificate records registration under section 5. Current registration status beyond the certificate’s stated validity is not established by the supplied material RERA record |
Land and geographic identity
| Field | Record |
|---|---|
| Locality | Shamirpet Village RERA record |
| Revenue village | Shamirpet RERA record |
| Mandal | Shamirpet RERA record |
| District | Medchal-Malkajgiri RERA record |
| PIN | 500078 RERA record |
| Project survey numbers/subdivisions | Sy. Nos. 1247(P) and 1249 RERA record |
| Total site area | 77957.65 sq. m RERA filing |
| Road-affected area | 375.86 sq. m RERA filing |
| Net site area | 77581.79 sq. m RERA filing |
| Boundaries recorded in RERA fields | East: Road Width – 18ft; west: Survey No. 1262; north: Survey Nos. 1253 and 1248; south: Survey Nos. 1239 and 1240 RERA filing |
Development identity
| Field | Record |
|---|---|
| Sanctioning authority | Hyderabad Metropolitan Development Authority (HMDA) Approvals record |
| Principal approval | Draft layout Letter / Layout Permit No. 000181/LO/Plg/HMDA/2018, dated 05 September 2018 Approvals record |
| Approved built-up area | Not disclosed in the supplied plotted-layout approval record RERA filing |
| Buildings, floors and building parking levels | Not applicable to the layout description available; no building count or floor configuration is disclosed |
| Layout land-use areas | Plotted area: 42142.9 sq. m; layout road area: 25836.13 sq. m; organised open space: 6729.98 sq. m; social infrastructure area: 1949.42 sq. m; amenities area: 923.31 sq. m Layout record |
| HMDA-mortgaged plots | 45 plots are stated as mortgaged to HMDA as security for development works; the approval lists plot numbers and an extent of 8652.298 sq. m |
Offering and status
| Field | Record |
|---|---|
| Unit type | Residential plots; plot count in the layout drawing is incomplete in the supplied software-extracted layout record RERA record Layout record |
| RERA-filed plot size range | Not established from the supplied RERA unit data. A partially completed allotment-letter form leaves plot number, area and consideration blank |
| Plot sizes shown in vendor data | Vendor-supplied figures range from 130 sq. yards and saleable 1404 sq. ft. to saleable 4087 sq. ft.; these are not established here as RERA-filed plot sizes Promoter website |
| Booked/available counts | Not disclosed in the supplied evidence RERA record Layout record |
| Construction/development stage | The RERA record reports 80% completeness; the basis and date of that percentage are not supplied, and it is not an independent site verification RERA record |
| Completion dates | Proposed completion in the project record: 04/09/2021. The registration certificate separately states validity ending 04/09/2021. No revised completion date is supplied RERA record |
| Occupancy/completion certificate | No occupancy or completion certificate is included in the supplied documents. For a plotted layout, the supplied approval refers to final layout release following completion of specified development works |
2. The project story
Fortune Rudraksh is registered as a plotted development at Shamirpet Village, Shamirpet Mandal, Medchal-Malkajgiri District, on land identified as Sy. Nos. 1247(P) and 1249. The RERA-filed area is 77957.65 sq. m in total, including 375.86 sq. m recorded as affected by road widening, and a net site area of 77581.79 sq. m RERA record RERA filing.
The HMDA record is a draft layout approval for an open-plot layout. It sets out residential plots, internal roads, open space, social infrastructure and amenity land, and makes final layout release subject to the stated development works and handover conditions. It does not provide a building or apartment scheme.
The project record states 80% completeness, but the supplied material does not identify the measurement date, the work components included or an independent inspection confirming that figure. The supplied approval lists the layout works expected; it does not establish which have been completed. No occupancy or completion certificate is provided RERA record.
3. Master plan, architecture & building design
This is a plotted layout, not a documented tower or apartment development. The HMDA draft layout letter records 77957.65 sq. m total site area, 375.86 sq. m affected by a master-plan road, and 77581.79 sq. m net site area.
| Layout land use | Area recorded |
|---|---|
| Plotted area | 42142.9 sq. m |
| Layout road area | 25836.13 sq. m |
| Organised open space | 6729.98 sq. m |
| Social infrastructure area | 1949.42 sq. m |
| Amenities area | 923.31 sq. m |
Layout record
The approval also states road widths of “18 mts and above” and requires the layout roads to be opened for access to neighbouring sites. The drawing-derived layout record is software-read, and its plot count and individual plot sizes are not complete in the supplied data; those details should be checked against the approved drawing Layout record.
The approval names 45 plots as mortgaged to HMDA pending completion of layout works. The listed plots are 17–19, 26–28, 69–71, 80–85, 100–105, 121–126, 143–148, 166–171 and 191–195; the RERA layout record separately prints the final range as 190–195, so the approved-document plot schedule should be consulted for the precise list Layout record. The approval states that mortgaged plots are not to be sold while mortgaged, and that final layout plans are to be released after the specified works and required handovers.
4. Homes, configurations & floor plans
The project is a plotted layout. The supplied records do not provide a complete RERA-filed plot inventory with plot-by-plot areas, booked status or availability. The RERA allotment-letter form on file is partially filled: plot number, area and consideration are blank.
| Configuration | Units | Booked | Available | RERA saleable area | Measured carpet area | Loading (if supplied) |
|---|---|---|---|---|---|---|
| Residential plots | Not established | Not disclosed | Not disclosed | Not disclosed | Not applicable | Not supplied |
The vendor record lists plot-size descriptions including 130 sq. yards and saleable figures from 1404 sq. ft. to 4087 sq. ft.; these are vendor-supplied values, not a verified RERA-filed unit schedule Promoter website. The supplied floor-plan data contains two layout sheets and no measured home plans; it provides no software-measured plot areas Floor plans.
5. Parking & vehicle circulation
The supplied evidence does not establish a sanctioned count of parking spaces, visitor or accessible parking, or parking allocations to individual plots. The layout approval is for an open-plot development and does not identify building parking levels.
The vendor data includes “Open Car Parking” as a listed amenity, but does not specify a space count, layout location or allocation arrangement Promoter website. The layout approval requires internal roads, road access and specified road works; it does not establish that any parking bay is reserved for a purchaser.
6. Amenities, recreation & open spaces
The HMDA draft approval describes layout infrastructure and facilities. Its listed development works are approval requirements, not evidence that they have been completed. The RERA amenities record includes progress percentages for some items, but the supplied material does not identify the measurement date or independently verify completion RERA amenities.
| Description / size | Park area stated as 5890.13 sq. m; organised open space stated as 6729.98 sq. m |
|---|---|
| Evidence source | HMDA draft layout letter |
| Declared progress / verified status | Approval/drawing figures; completion not independently verified |
| Description / size | 1949.42 sq. m |
|---|---|
| Evidence source | HMDA draft layout letter |
| Declared progress / verified status | Designated area in approval; handover required before final layout release; completion not independently verified |
| Description / size | 923.31 sq. m |
|---|---|
| Evidence source | HMDA draft layout letter |
| Declared progress / verified status | Area identified; facility contents and delivery status not established |
| Description / size | Internal road area: 25836.13 sq. m |
|---|---|
| Evidence source | HMDA draft layout letter; RERA amenities RERA amenities |
| Declared progress / verified status | RERA amenities record: 50%; not independently verified |
| Description / size | Layout open-space provision |
|---|---|
| Evidence source | RERA amenities RERA amenities |
| Declared progress / verified status | RERA amenities record: 10%; not independently verified |
| Description / size | Swimming pool, club house, party lawn, library, gymnasium, indoor games and children’s play area; no sizes or capacities supplied |
|---|---|
| Evidence source | Vendor Promoter website |
| Declared progress / verified status | Vendor-listed; not established in the supplied HMDA approval as delivered |
| Description / size | Shopping mall, entrance lobby, security cabin, gated security and CCTV surveillance; no sizes or capacities supplied |
|---|---|
| Evidence source | Vendor Promoter website |
| Declared progress / verified status | Vendor-listed; delivery status not verified |
7. Utilities, building services & safety
The HMDA draft approval lists the following proposed layout works: black-top roads, storm-water drains, underground drainage lines, common septic tank/STP, internal water-supply pipelines, overhead tank, street lights, transformer, avenue plantation, park development, rainwater-harvesting pits, side drains/gutters, central medians, nalas and underground ducting for utilities and service lines.
The RERA amenities record reports water supply at 40%, sewerage at 30%, storm-water drains at 15%, treatment and disposal of sewage and sullage water at 15%, street lighting at 10%, and water conservation/rainwater harvesting at 15%. These are recorded progress figures; the supplied evidence does not establish their measurement date or independently verify current operation RERA amenities.
No capacities are supplied for water storage, treatment, sewerage/STP, transformer or backup power. The records do not establish fire-protection systems, building escape arrangements, lifts, accessibility features, waste-management facilities, CCTV installation or completed security systems for the layout RERA amenities.
8. Location, access & connectivity
The official project location is Shamirpet Village, Shamirpet Mandal, Medchal-Malkajgiri District, PIN 500078 RERA record. The HMDA approval records access through layout roads and requires roads to be opened for access to neighbouring sites; it specifies road widths of “18 mts and above”.
The vendor lists nearby institutions and services with distances: Telangana Social Welfare Residential Degree College For Women (1.0 Km), Govt Primary Health Center (1.1 Km), Shamirpet Police Station Bus Stop (1.2 Km), Gnrs Shamirpet Central (0.7 Km), Nalsar University of Law (3.8 Km), Institute of Public Enterprise (3.8 Km), and Jain Heritage A Cambridge School (4.6 Km). These are vendor-supplied connectivity details Promoter website. The supplied official-location record does not provide verified travel times or a measured road-distance schedule.
9. Developer & development status
The registered legal promoter is Rudraksh MegaCorp Private Limited, a private limited company. Its registered office/address recorded in the project data is 1B, 1st Floor, Saha Building, Road No. 11, Shamirpet Village, Shamirpet, Medchal-Malkajgiri, PIN 500078. No official contact number, email address or company website is supplied in the project record RERA record Corporate record Promoter website.
The project record identifies Bhoomika Gupta and Ashok Kumar Gupta as directors and Bhavishya Gupta as authorised signatory Parties record. A Form B declaration filed on 4 February 2019 is attributed to Bhavishya Gupta as an authorised director of the promoter. The record also names Brijesh Chandwani, Subram Kapoor and Rama Systla as landowners associated with area-share/revenue-share arrangements Parties record.
The project record states 80% completeness, without a supplied as-of date or independent verification. The registration certificate states a validity end date of 04/09/2021; the supplied certificate records no extension. No revised completion date or occupancy/completion certificate is provided RERA record.
10. Approvals, official records & documents
| Record | Supplied evidence |
|---|---|
| TG-RERA registration | Form C certificate for Fortune Rudraksh, registration P02200000402, issued 08/03/2019; stated validity through 04/09/2021 |
| Principal layout approval | HMDA Draft layout Letter / Layout Permit No. 000181/LO/Plg/HMDA/2018, dated 05 September 2018, for Sy. Nos. 1247(P) and 1249, Shamirpet |
| Approval conditions and land-use schedule | HMDA draft letter includes area schedule, development works, mortgage of plots and conditions for final layout release |
| Promoter declaration | Form B affidavit-cum-declaration attributed to Rudraksh MegaCorp Private Limited and Bhavishya Gupta, verified at Hyderabad on 4 February 2019 |
| Plot allotment form | Partially completed allotment-letter form; plot number, area and consideration are blank |
| Commencement/other approval document | Document 36623 is too fragmentary to identify its approval type or the land/approval details |
| Occupancy/completion certificate | Not included in the supplied documents Document index |
The HMDA document is identified as a draft layout approval; it records conditions for development and final layout release. The supplied material does not establish final layout-plan release or completion of the listed works.
1. Project at a glance
Project identity
Registered project name: Fortune Rudraksh
Project type: Plotted development / open-plot layout
Registered portion: Phase or separately identified registered portion is not disclosed
TG-RERA registration: P02200000402
Registration validity: Certificate states validity from 08/03/2019 to 04/09/2021; no extension is recorded in the supplied certificate, which states extended: false
Registered promoter: Rudraksh MegaCorp Private Limited
RERA status: The project is recorded as “New Project”; the certificate records registration under section 5. Current registration status beyond the certificate’s stated validity is not established by the supplied material
Land and geographic identity
Locality: Shamirpet Village
Revenue village: Shamirpet
Mandal: Shamirpet
District: Medchal-Malkajgiri
PIN: 500078
Project survey numbers/subdivisions: Sy. Nos. 1247(P) and 1249
Total site area: 77957.65 sq. m
Road-affected area: 375.86 sq. m
Net site area: 77581.79 sq. m
Boundaries recorded in RERA fields: East: Road Width – 18ft; west: Survey No. 1262; north: Survey Nos. 1253 and 1248; south: Survey Nos. 1239 and 1240
Development identity
Sanctioning authority: Hyderabad Metropolitan Development Authority (HMDA)
Principal approval: Draft layout Letter / Layout Permit No. 000181/LO/Plg/HMDA/2018, dated 05 September 2018
Approved built-up area: Not disclosed in the supplied plotted-layout approval record
Buildings, floors and building parking levels: Not applicable to the layout description available; no building count or floor configuration is disclosed
Layout land-use areas: Plotted area: 42142.9 sq. m; layout road area: 25836.13 sq. m; organised open space: 6729.98 sq. m; social infrastructure area: 1949.42 sq. m; amenities area: 923.31 sq. m
HMDA-mortgaged plots: 45 plots are stated as mortgaged to HMDA as security for development works; the approval lists plot numbers and an extent of 8652.298 sq. m
Offering and status
Unit type: Residential plots; plot count in the layout drawing is incomplete in the supplied software-extracted layout record
RERA-filed plot size range: Not established from the supplied RERA unit data. A partially completed allotment-letter form leaves plot number, area and consideration blank
Plot sizes shown in vendor data: Vendor-supplied figures range from 130 sq. yards and saleable 1404 sq. ft. to saleable 4087 sq. ft.; these are not established here as RERA-filed plot sizes
Booked/available counts: Not disclosed in the supplied evidence
Construction/development stage: The RERA record reports 80% completeness; the basis and date of that percentage are not supplied, and it is not an independent site verification
Completion dates: Proposed completion in the project record: 04/09/2021. The registration certificate separately states validity ending 04/09/2021. No revised completion date is supplied
Occupancy/completion certificate: No occupancy or completion certificate is included in the supplied documents. For a plotted layout, the supplied approval refers to final layout release following completion of specified development works
2. The project story
Fortune Rudraksh is registered as a plotted development at Shamirpet Village, Shamirpet Mandal, Medchal-Malkajgiri District, on land identified as Sy. Nos. 1247(P) and 1249. The RERA-filed area is 77957.65 sq. m in total, including 375.86 sq. m recorded as affected by road widening, and a net site area of 77581.79 sq. m.
The HMDA record is a draft layout approval for an open-plot layout. It sets out residential plots, internal roads, open space, social infrastructure and amenity land, and makes final layout release subject to the stated development works and handover conditions. It does not provide a building or apartment scheme.
The project record states 80% completeness, but the supplied material does not identify the measurement date, the work components included or an independent inspection confirming that figure. The supplied approval lists the layout works expected; it does not establish which have been completed. No occupancy or completion certificate is provided.
3. Master plan, architecture & building design
This is a plotted layout, not a documented tower or apartment development. The HMDA draft layout letter records 77957.65 sq. m total site area, 375.86 sq. m affected by a master-plan road, and 77581.79 sq. m net site area.
Plotted area: 42142.9 sq. m
Layout road area: 25836.13 sq. m
Organised open space: 6729.98 sq. m
Social infrastructure area: 1949.42 sq. m
Amenities area: 923.31 sq. m
The approval also states road widths of “18 mts and above” and requires the layout roads to be opened for access to neighbouring sites. The drawing-derived layout record is software-read, and its plot count and individual plot sizes are not complete in the supplied data; those details should be checked against the approved drawing.
The approval names 45 plots as mortgaged to HMDA pending completion of layout works. The listed plots are 17–19, 26–28, 69–71, 80–85, 100–105, 121–126, 143–148, 166–171 and 191–195; the RERA layout record separately prints the final range as 190–195, so the approved-document plot schedule should be consulted for the precise list. The approval states that mortgaged plots are not to be sold while mortgaged, and that final layout plans are to be released after the specified works and required handovers.
4. Homes, configurations & floor plans
The project is a plotted layout. The supplied records do not provide a complete RERA-filed plot inventory with plot-by-plot areas, booked status or availability. The RERA allotment-letter form on file is partially filled: plot number, area and consideration are blank.
| Configuration | Units | Booked | Available | RERA saleable area | Measured carpet area | Loading (if supplied) |
|---|---|---|---|---|---|---|
| Residential plots | Not established | Not disclosed | Not disclosed | Not disclosed | Not applicable | Not supplied |
The vendor record lists plot-size descriptions including 130 sq. yards and saleable figures from 1404 sq. ft. to 4087 sq. ft.; these are vendor-supplied values, not a verified RERA-filed unit schedule. The supplied floor-plan data contains two layout sheets and no measured home plans; it provides no software-measured plot areas.
5. Parking & vehicle circulation
The supplied evidence does not establish a sanctioned count of parking spaces, visitor or accessible parking, or parking allocations to individual plots. The layout approval is for an open-plot development and does not identify building parking levels.
The vendor data includes “Open Car Parking” as a listed amenity, but does not specify a space count, layout location or allocation arrangement. The layout approval requires internal roads, road access and specified road works; it does not establish that any parking bay is reserved for a purchaser.
6. Amenities, recreation & open spaces
The HMDA draft approval describes layout infrastructure and facilities. Its listed development works are approval requirements, not evidence that they have been completed. The RERA amenities record includes progress percentages for some items, but the supplied material does not identify the measurement date or independently verify completion.
| Description / size | Park area stated as 5890.13 sq. m; organised open space stated as 6729.98 sq. m |
|---|---|
| Evidence source | HMDA draft layout letter |
| Declared progress / verified status | Approval/drawing figures; completion not independently verified |
| Description / size | 1949.42 sq. m |
|---|---|
| Evidence source | HMDA draft layout letter |
| Declared progress / verified status | Designated area in approval; handover required before final layout release; completion not independently verified |
| Description / size | 923.31 sq. m |
|---|---|
| Evidence source | HMDA draft layout letter |
| Declared progress / verified status | Area identified; facility contents and delivery status not established |
| Description / size | Internal road area: 25836.13 sq. m |
|---|---|
| Evidence source | HMDA draft layout letter; RERA amenities |
| Declared progress / verified status | RERA amenities record: 50%; not independently verified |
| Description / size | Layout open-space provision |
|---|---|
| Evidence source | RERA amenities |
| Declared progress / verified status | RERA amenities record: 10%; not independently verified |
| Description / size | Swimming pool, club house, party lawn, library, gymnasium, indoor games and children’s play area; no sizes or capacities supplied |
|---|---|
| Evidence source | Vendor |
| Declared progress / verified status | Vendor-listed; not established in the supplied HMDA approval as delivered |
| Description / size | Shopping mall, entrance lobby, security cabin, gated security and CCTV surveillance; no sizes or capacities supplied |
|---|---|
| Evidence source | Vendor |
| Declared progress / verified status | Vendor-listed; delivery status not verified |
7. Utilities, building services & safety
The HMDA draft approval lists the following proposed layout works: black-top roads, storm-water drains, underground drainage lines, common septic tank/STP, internal water-supply pipelines, overhead tank, street lights, transformer, avenue plantation, park development, rainwater-harvesting pits, side drains/gutters, central medians, nalas and underground ducting for utilities and service lines.
The RERA amenities record reports water supply at 40%, sewerage at 30%, storm-water drains at 15%, treatment and disposal of sewage and sullage water at 15%, street lighting at 10%, and water conservation/rainwater harvesting at 15%. These are recorded progress figures; the supplied evidence does not establish their measurement date or independently verify current operation.
No capacities are supplied for water storage, treatment, sewerage/STP, transformer or backup power. The records do not establish fire-protection systems, building escape arrangements, lifts, accessibility features, waste-management facilities, CCTV installation or completed security systems for the layout.
8. Location, access & connectivity
The official project location is Shamirpet Village, Shamirpet Mandal, Medchal-Malkajgiri District, PIN 500078. The HMDA approval records access through layout roads and requires roads to be opened for access to neighbouring sites; it specifies road widths of “18 mts and above”.
The vendor lists nearby institutions and services with distances: Telangana Social Welfare Residential Degree College For Women (1.0 Km), Govt Primary Health Center (1.1 Km), Shamirpet Police Station Bus Stop (1.2 Km), Gnrs Shamirpet Central (0.7 Km), Nalsar University of Law (3.8 Km), Institute of Public Enterprise (3.8 Km), and Jain Heritage A Cambridge School (4.6 Km). These are vendor-supplied connectivity details. The supplied official-location record does not provide verified travel times or a measured road-distance schedule.
9. Developer & development status
The registered legal promoter is Rudraksh MegaCorp Private Limited, a private limited company. Its registered office/address recorded in the project data is 1B, 1st Floor, Saha Building, Road No. 11, Shamirpet Village, Shamirpet, Medchal-Malkajgiri, PIN 500078. No official contact number, email address or company website is supplied in the project record.
The project record identifies Bhoomika Gupta and Ashok Kumar Gupta as directors and Bhavishya Gupta as authorised signatory. A Form B declaration filed on 4 February 2019 is attributed to Bhavishya Gupta as an authorised director of the promoter. The record also names Brijesh Chandwani, Subram Kapoor and Rama Systla as landowners associated with area-share/revenue-share arrangements.
The project record states 80% completeness, without a supplied as-of date or independent verification. The registration certificate states a validity end date of 04/09/2021; the supplied certificate records no extension. No revised completion date or occupancy/completion certificate is provided.
10. Approvals, official records & documents
TG-RERA registration: Form C certificate for Fortune Rudraksh, registration P02200000402, issued 08/03/2019; stated validity through 04/09/2021
Principal layout approval: HMDA Draft layout Letter / Layout Permit No. 000181/LO/Plg/HMDA/2018, dated 05 September 2018, for Sy. Nos. 1247(P) and 1249, Shamirpet
Approval conditions and land-use schedule: HMDA draft letter includes area schedule, development works, mortgage of plots and conditions for final layout release
Promoter declaration: Form B affidavit-cum-declaration attributed to Rudraksh MegaCorp Private Limited and Bhavishya Gupta, verified at Hyderabad on 4 February 2019
Plot allotment form: Partially completed allotment-letter form; plot number, area and consideration are blank
Commencement/other approval document: Document 36623 is too fragmentary to identify its approval type or the land/approval details
Occupancy/completion certificate: Not included in the supplied documents
The HMDA document is identified as a draft layout approval; it records conditions for development and final layout release. The supplied material does not establish final layout-plan release or completion of the listed works.
Frequently asked questions
Is Fortune Rudraksh registered with Telangana RERA?
Yes. Fortune Rudraksh is registered with the Telangana Real Estate Regulatory Authority as P02200000402; the registration status is New Project.
Who is the developer of Fortune Rudraksh?
The promoter named in the RERA registration is Rudraksh MegaCorp Private Limited.
Where is Fortune Rudraksh located?
Fortune Rudraksh is in Shamirpet Village, Shamirpet, Medchal-Malkajgiri, Telangana (500078).
When will Fortune Rudraksh be completed?
The promoter's proposed date of completion filed with RERA is 04/09/2021. This is the promoter's declaration, not a guarantee.
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