Venkateswara Township
ALAVALA PADMA AND OTHERS · Suryapet · RERA P01900006962
VENKATESWARA TOWNSHIP is a plotted residential development in Kodad, Kodad Mandal, Suryapet District. The registered promoter is ALAVALA PADMA AND OTHERS. The registered site extent is 13,315.38 sq. m., and the layout approval is for 56 residential plots; towers, blocks and floor configuration are not disclosed. The project is registered with TG-RERA under P01900006962, and the promoter’s Form B undertaking states completion by 27th JULY 2025.
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, 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
| Item | Record |
|---|---|
| Registered project name | VENKATESWARA TOWNSHIP RERA record |
| Project type | Plotted development; residential layout RERA record RERA filing |
| Phase / registered portion | No separate phase is identified in the supplied record; registration is for the named project and the listed layout land |
| TG-RERA registration number | P01900006962 Approvals record |
| Registration validity | 16/09/2023 to 27/07/2025; the supplied certificate records no extension Approvals record |
| Registered promoter | ALAVALA PADMA AND OTHERS RERA record |
| RERA status | The certificate records registration under section 5. Its stated validity ended 27/07/2025; the supplied evidence does not establish a current extension or a later registration status |
Land and geographic identity
| Item | Record |
|---|---|
| Locality | Kodad RERA record |
| Revenue village | Kodad Revenue Village; the layout approval also uses “Kodada Revenue Village” |
| Mandal | Kodad; the layout approval uses “Kodada Mandal” RERA record |
| District | Suryapet RERA record |
| PIN | 508206 RERA record |
| Project survey numbers / subdivisions | 426/A1/1, 427/E2, 426/A1/2, 426/A3/1, 426/A1 RERA record |
| Registered site extent | 13,315.38 sq. m.; layout approval states 3 Acer 11.61 Gts, 15,926 Sq. Yds RERA filing |
| Net layout area | 12,971.91 sq. m. RERA filing Layout record |
| Area identified as affected by road widening / FTL / nala widening | 343.47 sq. m. RERA filing |
| Boundaries in RERA record | East: Neighbours Land; West: Others Land; North: Neighbours Land; South: Road RERA filing |
Development identity
| Item | Record |
|---|---|
| Sanctioning authority | KODADA Municipality/Municipal Corporation Approvals record |
| Principal approval | Tentative layout approval 0008/LO/3046/2023, dated 27 July, 2023; application 007091/LO/DTCP/3046/0018/2023 Approvals record |
| Approved built-up area | 8,105.76 sq. m. is recorded in the RERA project information; the supplied record does not identify it as building floor area or provide building/floor configuration RERA filing |
| Layout scale and plot count | Approval is for a 56-plot residential layout |
| Towers / blocks / floor configuration | Not disclosed; this is a plotted layout, not an apartment-building configuration RERA filing |
| Parking provision | Layout approval and RERA documents supplied here do not establish a parking-space count or individual plot parking allocations. The vendor data says “Open Parking,” but this is not a RERA-filed allocation Promoter website |
| Mortgage area | RERA record: 1,317.75 sq. m.; the layout approval identifies nine reserved plots as mortgaged to the Municipality/Municipal Corporation RERA filing |
Offering and status
| Item | Record |
|---|---|
| Offering | Residential plots; 56 plots stated in the layout approval |
| Plot area information | The drawing-derived layout record identifies 56 plots with sizes from 98.65 sq. m. (118.0 sq. yd.) to 184.88 sq. m. (221.1 sq. yd.); software-read values should be checked against the drawing Layout record |
| Booked / available counts | Not established in the supplied evidence Document index |
| Construction / development stage | RERA record labels the project “New Project”; the supplied evidence does not independently verify current on-site progress RERA filing |
| Completion date | The promoter’s Form B undertaking states completion by 27th JULY 2025 |
| Occupancy / completion certificate | No occupancy or completion certificate is supplied. The principal approval is expressly a tentative layout approval |
2. The project story
VENKATESWARA TOWNSHIP is registered as a plotted residential development in Kodad, Suryapet District, on the stated survey land in Kodad Revenue Village. The approved tentative layout provides for 56 residential plots, with land also reserved for roads, open space, utilities and social infrastructure. The layout approval places responsibility for infrastructure and amenity works on the applicant and requires roads to remain accessible to neighbouring sites. RERA record
The promoter’s RERA Form B undertakes to complete the project by 27 July 2025. That is a promoter declaration, not independent evidence of completion. No verified site-progress record, final layout release, or completion/occupancy certificate is included in the supplied materials. The registration certificate’s stated validity period is a separate matter from the promised completion date; the certificate states validity through 27 July 2025 and records no extension.
3. Master plan, architecture & building design
The principal approved design evidence is a tentative layout plan for a 56-plot residential layout, not a building or floor-plan package. Its stated land-use allocation is: plots, 62.49%; roads, 24.32%; open space/park, 9.24%; social infrastructure, 2.93%; and utilities, 1.03%. The drawing-derived layout record reports corresponding areas of 8,105.76 sq. m., 3,154.67 sq. m., 1,198.38 sq. m., 379.70 sq. m. and 133.39 sq. m., respectively, calculated against the 12,971.91 sq. m. net layout area. Layout record
The drawing-derived plot schedule reports 56 plots, all with a software-read size; the smallest is 98.65 sq. m., the median is 139.35 sq. m., and the largest is 184.88 sq. m. These measurements are drawing-derived, not separately stated as RERA-filed saleable areas, and should be checked against the approved drawing. Layout record
The RERA record also lists an approved built-up area of 8,105.76 sq. m.; the supplied evidence does not define its measurement basis. It should not be read as a residential building’s floor area or as a plot-size or saleable-area schedule. No building count, floor configuration, building footprint, tower height, apartment arrangement, or building-level phase plan is provided. RERA filing Document index
4. Homes, configurations & floor plans
This is a plotted development, so the available offering evidence concerns plots rather than apartment configurations. The approved layout states 56 plots; the drawing-derived schedule reports the following size distribution. No RERA-filed plot-wise saleable-area schedule, booked count, available count, or individual plot allocation is provided in the supplied data. Layout record
| Plot size band (drawing-derived) | Plots |
|---|---|
| 100–150 sq. yd. | 5 |
| 150–200 sq. yd. | 40 |
| 200–250 sq. yd. | 11 |
The measured range is 98.65–184.88 sq. m. (118.0–221.1 sq. yd.), with a median of 139.35 sq. m. (166.7 sq. yd.). These are software-read measurements from the layout drawing, not RERA-filed unit saleable areas. Apartment carpet-area measurements do not apply to this plotted offering. Layout record
5. Parking & vehicle circulation
The supplied tentative layout approval and RERA materials do not establish the number of parking spaces, visitor parking, accessible parking, or plot-by-plot parking allocations. Vendor data describes parking as “Open Parking,” but provides no count or allocation and is not a RERA-filed parking schedule. Promoter website Document index
The layout approval requires road formation and states that roads are to remain open for access to neighbouring sites. It does not provide road-width measurements, vehicle-entry details, or pedestrian-vehicle separation in the supplied extracted information.
6. Amenities, recreation & open spaces
The tentative layout approval requires the applicant to carry out infrastructure and amenity works. The approval identifies open space, social-infrastructure and utility land and lists proposed layout works; the supplied record does not verify that these facilities have been constructed or handed over.
| Description / size | 9.24%; 1,198.38 sq. m. in the drawing-derived area statement; approval states 0 Acer 11.85 Gts, 1,433 Sq. Yds |
|---|---|
| Evidence source | Layout record |
| Declared progress / verified status | Reserved in tentative layout; completion and handover not verified |
| Description / size | 2.93%; 379.70 sq. m. in the drawing-derived area statement; approval states 0 Acer 3.75 Gts, 454 Sq. Yds |
|---|---|
| Evidence source | Layout record |
| Declared progress / verified status | Reserved in tentative layout; facility type and delivery status not established |
| Description / size | 1.03%; 133.39 sq. m. in the drawing-derived area statement; approval states 0 Acer 1.32 Gts, 160 Sq. Yds |
|---|---|
| Evidence source | Layout record |
| Declared progress / verified status | Reserved in tentative layout; construction status not verified |
| Description / size | 24.32%; 3,154.67 sq. m. in the drawing-derived area statement; approval states 0 Acer 31.18 Gts, 3,773 Sq. Yds |
|---|---|
| Evidence source | Layout record |
| Declared progress / verified status | Planned/reserved in tentative layout; road formation and surfacing not verified |
| Description / size | RERA amenity record lists “Green Strip/TOT LOT/Park” |
|---|---|
| Evidence source | RERA amenities |
| Declared progress / verified status | Listed in the record; completion not verified |
| Description / size | RERA amenity record lists “Community Buildings” |
|---|---|
| Evidence source | RERA amenities |
| Declared progress / verified status | No size, quantity, or progress detail supplied |
7. Utilities, building services & safety
The tentative layout approval lists proposed infrastructure works including road formation with black top, storm-water drains, underground drainage lines and a common septic tank/STP, internal water-supply pipelines, an overhead tank and assured water-supply source, electrical supply lines, street lights, a transformer, avenue planting, park development and rainwater-harvesting pits. These are approval conditions or proposed works, not evidence of installation or completion.
| Evidence in the supplied record | Internal water-supply pipelines, assured water source, overhead tank and water reservoir are listed in the approval; RERA amenity data also lists water supply RERA amenities |
|---|---|
| Status / limitation | Source capacity, storage capacity and completion not supplied |
| Evidence in the supplied record | Underground drainage lines, common septic tank/STP, storm-water drains, and treatment/disposal of sewage and sullage are listed RERA amenities |
|---|---|
| Status / limitation | No capacity, detailed system design or completed-status evidence supplied |
| Evidence in the supplied record | Rainwater-harvesting pits are listed in the approval and RERA amenity data RERA amenities |
|---|---|
| Status / limitation | Number, capacity and completion not supplied |
| Evidence in the supplied record | Electrical supply lines, transformer and street lighting are listed; RERA data also lists an electrical meter room/sub-station/receiving station RERA amenities |
|---|---|
| Status / limitation | Capacity and installation status not supplied |
| Evidence in the supplied record | Solid-waste management and disposal appears in the RERA amenity list RERA amenities |
|---|---|
| Status / limitation | Design, capacity and progress not supplied |
| Evidence in the supplied record | Fire-protection and fire-safety requirements appear in the RERA amenity record RERA amenities |
|---|---|
| Status / limitation | No system details, clearance, or completion evidence supplied |
| Evidence in the supplied record | No project-specific details supplied Document index |
|---|---|
| Status / limitation | Not established |
8. Location, access & connectivity
The registered project location is Kodad, in Kodad Revenue Village, Kodad Mandal, Suryapet District, Telangana, PIN 508206. The cadastral parcel centroid is recorded at 17.01470, 79.97599. RERA record Location record
The only supplied measured connectivity point is the nearest sampled Outer Ring Road interchange, approximately 145.9 km away. The supplied evidence does not identify local approach-road names, public-transport services, or additional measured distances to landmarks. Location record
9. Developer & development status
The registered promoter is ALAVALA PADMA AND OTHERS, described in the RERA filing as an “Others” organization and “JOINT DEVELOPERS.” The entity type and corporate identifier are not established in the supplied materials. The registration certificate lists the promoter office as “Village: Mandal: District: Nalgonda, Pin: 508204”; a complete street address and official contact details are not supplied in that certificate. RERA record RERA filing
VANAPARTHI SHRAVAN VARMA is identified in the Form B filing as the authorized signatory for the joint promoters. The promoter’s declared completion undertaking is 27 July 2025. No independently verified construction-progress figure or completion/occupancy certificate is supplied. Document index
10. Approvals, official records & documents
| Identifier / date | P01900006962, issued 16/09/2023; validity stated through 27/07/2025 |
|---|---|
| What the supplied record establishes | Registration of VENKATESWARA TOWNSHIP under section 5; certificate also states the promoter’s separate-account condition |
| Identifier / date | 0008/LO/3046/2023, 27 July, 2023 |
|---|---|
| What the supplied record establishes | Approval by KODADA Municipality/Municipal Corporation for a 56-plot residential layout on the stated survey numbers |
| Identifier / date | 007091/LO/DTCP/3046/0018/2023 |
|---|---|
| What the supplied record establishes | Application number recorded in the tentative layout approval |
| Identifier / date | 5827/2023 and 5828/2023, 21 July, 2023 |
|---|---|
| What the supplied record establishes | Approval records nine plots as reserved/mortgaged to the Municipality/Municipal Corporation |
| Identifier / date | Dated 2023; date text is unclear in the extracted copy |
|---|---|
| What the supplied record establishes | Promoter declaration includes the 27 July 2025 completion undertaking |
| Identifier / date | Not supplied |
|---|---|
| What the supplied record establishes | No final layout release or completion/occupancy certificate is included in the evidence reviewed here Document index |
1. Project at a glance
Project identity
Registered project name: VENKATESWARA TOWNSHIP
Project type: Plotted development; residential layout
Phase / registered portion: No separate phase is identified in the supplied record; registration is for the named project and the listed layout land
TG-RERA registration number: P01900006962
Registration validity: 16/09/2023 to 27/07/2025; the supplied certificate records no extension
Registered promoter: ALAVALA PADMA AND OTHERS
RERA status: The certificate records registration under section 5. Its stated validity ended 27/07/2025; the supplied evidence does not establish a current extension or a later registration status
Land and geographic identity
Locality: Kodad
Revenue village: Kodad Revenue Village; the layout approval also uses “Kodada Revenue Village”
Mandal: Kodad; the layout approval uses “Kodada Mandal”
District: Suryapet
PIN: 508206
Project survey numbers / subdivisions: 426/A1/1, 427/E2, 426/A1/2, 426/A3/1, 426/A1
Registered site extent: 13,315.38 sq. m.; layout approval states 3 Acer 11.61 Gts, 15,926 Sq. Yds
Net layout area: 12,971.91 sq. m.
Area identified as affected by road widening / FTL / nala widening: 343.47 sq. m.
Boundaries in RERA record: East: Neighbours Land; West: Others Land; North: Neighbours Land; South: Road
Development identity
Sanctioning authority: KODADA Municipality/Municipal Corporation
Principal approval: Tentative layout approval 0008/LO/3046/2023, dated 27 July, 2023; application 007091/LO/DTCP/3046/0018/2023
Approved built-up area: 8,105.76 sq. m. is recorded in the RERA project information; the supplied record does not identify it as building floor area or provide building/floor configuration
Layout scale and plot count: Approval is for a 56-plot residential layout
Towers / blocks / floor configuration: Not disclosed; this is a plotted layout, not an apartment-building configuration
Parking provision: Layout approval and RERA documents supplied here do not establish a parking-space count or individual plot parking allocations. The vendor data says “Open Parking,” but this is not a RERA-filed allocation
Mortgage area: RERA record: 1,317.75 sq. m.; the layout approval identifies nine reserved plots as mortgaged to the Municipality/Municipal Corporation
Offering and status
Offering: Residential plots; 56 plots stated in the layout approval
Plot area information: The drawing-derived layout record identifies 56 plots with sizes from 98.65 sq. m. (118.0 sq. yd.) to 184.88 sq. m. (221.1 sq. yd.); software-read values should be checked against the drawing
Booked / available counts: Not established in the supplied evidence
Construction / development stage: RERA record labels the project “New Project”; the supplied evidence does not independently verify current on-site progress
Completion date: The promoter’s Form B undertaking states completion by 27th JULY 2025
Occupancy / completion certificate: No occupancy or completion certificate is supplied. The principal approval is expressly a tentative layout approval
2. The project story
VENKATESWARA TOWNSHIP is registered as a plotted residential development in Kodad, Suryapet District, on the stated survey land in Kodad Revenue Village. The approved tentative layout provides for 56 residential plots, with land also reserved for roads, open space, utilities and social infrastructure. The layout approval places responsibility for infrastructure and amenity works on the applicant and requires roads to remain accessible to neighbouring sites.
The promoter’s RERA Form B undertakes to complete the project by 27 July 2025. That is a promoter declaration, not independent evidence of completion. No verified site-progress record, final layout release, or completion/occupancy certificate is included in the supplied materials. The registration certificate’s stated validity period is a separate matter from the promised completion date; the certificate states validity through 27 July 2025 and records no extension.
3. Master plan, architecture & building design
The principal approved design evidence is a tentative layout plan for a 56-plot residential layout, not a building or floor-plan package. Its stated land-use allocation is: plots, 62.49%; roads, 24.32%; open space/park, 9.24%; social infrastructure, 2.93%; and utilities, 1.03%. The drawing-derived layout record reports corresponding areas of 8,105.76 sq. m., 3,154.67 sq. m., 1,198.38 sq. m., 379.70 sq. m. and 133.39 sq. m., respectively, calculated against the 12,971.91 sq. m. net layout area.
The drawing-derived plot schedule reports 56 plots, all with a software-read size; the smallest is 98.65 sq. m., the median is 139.35 sq. m., and the largest is 184.88 sq. m. These measurements are drawing-derived, not separately stated as RERA-filed saleable areas, and should be checked against the approved drawing.
The RERA record also lists an approved built-up area of 8,105.76 sq. m.; the supplied evidence does not define its measurement basis. It should not be read as a residential building’s floor area or as a plot-size or saleable-area schedule. No building count, floor configuration, building footprint, tower height, apartment arrangement, or building-level phase plan is provided.
4. Homes, configurations & floor plans
This is a plotted development, so the available offering evidence concerns plots rather than apartment configurations. The approved layout states 56 plots; the drawing-derived schedule reports the following size distribution. No RERA-filed plot-wise saleable-area schedule, booked count, available count, or individual plot allocation is provided in the supplied data.
100–150 sq. yd.: 5
150–200 sq. yd.: 40
200–250 sq. yd.: 11
The measured range is 98.65–184.88 sq. m. (118.0–221.1 sq. yd.), with a median of 139.35 sq. m. (166.7 sq. yd.). These are software-read measurements from the layout drawing, not RERA-filed unit saleable areas. Apartment carpet-area measurements do not apply to this plotted offering.
5. Parking & vehicle circulation
The supplied tentative layout approval and RERA materials do not establish the number of parking spaces, visitor parking, accessible parking, or plot-by-plot parking allocations. Vendor data describes parking as “Open Parking,” but provides no count or allocation and is not a RERA-filed parking schedule.
The layout approval requires road formation and states that roads are to remain open for access to neighbouring sites. It does not provide road-width measurements, vehicle-entry details, or pedestrian-vehicle separation in the supplied extracted information.
6. Amenities, recreation & open spaces
The tentative layout approval requires the applicant to carry out infrastructure and amenity works. The approval identifies open space, social-infrastructure and utility land and lists proposed layout works; the supplied record does not verify that these facilities have been constructed or handed over.
| Description / size | 9.24%; 1,198.38 sq. m. in the drawing-derived area statement; approval states 0 Acer 11.85 Gts, 1,433 Sq. Yds |
|---|---|
| Declared progress / verified status | Reserved in tentative layout; completion and handover not verified |
| Description / size | 2.93%; 379.70 sq. m. in the drawing-derived area statement; approval states 0 Acer 3.75 Gts, 454 Sq. Yds |
|---|---|
| Declared progress / verified status | Reserved in tentative layout; facility type and delivery status not established |
| Description / size | 1.03%; 133.39 sq. m. in the drawing-derived area statement; approval states 0 Acer 1.32 Gts, 160 Sq. Yds |
|---|---|
| Declared progress / verified status | Reserved in tentative layout; construction status not verified |
| Description / size | 24.32%; 3,154.67 sq. m. in the drawing-derived area statement; approval states 0 Acer 31.18 Gts, 3,773 Sq. Yds |
|---|---|
| Declared progress / verified status | Planned/reserved in tentative layout; road formation and surfacing not verified |
| Description / size | RERA amenity record lists “Green Strip/TOT LOT/Park” |
|---|---|
| Declared progress / verified status | Listed in the record; completion not verified |
| Description / size | RERA amenity record lists “Community Buildings” |
|---|---|
| Declared progress / verified status | No size, quantity, or progress detail supplied |
7. Utilities, building services & safety
The tentative layout approval lists proposed infrastructure works including road formation with black top, storm-water drains, underground drainage lines and a common septic tank/STP, internal water-supply pipelines, an overhead tank and assured water-supply source, electrical supply lines, street lights, a transformer, avenue planting, park development and rainwater-harvesting pits. These are approval conditions or proposed works, not evidence of installation or completion.
| Evidence in the supplied record | Internal water-supply pipelines, assured water source, overhead tank and water reservoir are listed in the approval; RERA amenity data also lists water supply |
|---|---|
| Status / limitation | Source capacity, storage capacity and completion not supplied |
| Evidence in the supplied record | Underground drainage lines, common septic tank/STP, storm-water drains, and treatment/disposal of sewage and sullage are listed |
|---|---|
| Status / limitation | No capacity, detailed system design or completed-status evidence supplied |
| Evidence in the supplied record | Rainwater-harvesting pits are listed in the approval and RERA amenity data |
|---|---|
| Status / limitation | Number, capacity and completion not supplied |
| Evidence in the supplied record | Electrical supply lines, transformer and street lighting are listed; RERA data also lists an electrical meter room/sub-station/receiving station |
|---|---|
| Status / limitation | Capacity and installation status not supplied |
| Evidence in the supplied record | Solid-waste management and disposal appears in the RERA amenity list |
|---|---|
| Status / limitation | Design, capacity and progress not supplied |
| Evidence in the supplied record | Fire-protection and fire-safety requirements appear in the RERA amenity record |
|---|---|
| Status / limitation | No system details, clearance, or completion evidence supplied |
| Evidence in the supplied record | No project-specific details supplied |
|---|---|
| Status / limitation | Not established |
8. Location, access & connectivity
The registered project location is Kodad, in Kodad Revenue Village, Kodad Mandal, Suryapet District, Telangana, PIN 508206. The cadastral parcel centroid is recorded at 17.01470, 79.97599.
The only supplied measured connectivity point is the nearest sampled Outer Ring Road interchange, approximately 145.9 km away. The supplied evidence does not identify local approach-road names, public-transport services, or additional measured distances to landmarks.
9. Developer & development status
The registered promoter is ALAVALA PADMA AND OTHERS, described in the RERA filing as an “Others” organization and “JOINT DEVELOPERS.” The entity type and corporate identifier are not established in the supplied materials. The registration certificate lists the promoter office as “Village: Mandal: District: Nalgonda, Pin: 508204”; a complete street address and official contact details are not supplied in that certificate.
VANAPARTHI SHRAVAN VARMA is identified in the Form B filing as the authorized signatory for the joint promoters. The promoter’s declared completion undertaking is 27 July 2025. No independently verified construction-progress figure or completion/occupancy certificate is supplied.
10. Approvals, official records & documents
| Identifier / date | P01900006962, issued 16/09/2023; validity stated through 27/07/2025 |
|---|---|
| What the supplied record establishes | Registration of VENKATESWARA TOWNSHIP under section 5; certificate also states the promoter’s separate-account condition |
| Identifier / date | 0008/LO/3046/2023, 27 July, 2023 |
|---|---|
| What the supplied record establishes | Approval by KODADA Municipality/Municipal Corporation for a 56-plot residential layout on the stated survey numbers |
| Identifier / date | 007091/LO/DTCP/3046/0018/2023 |
|---|---|
| What the supplied record establishes | Application number recorded in the tentative layout approval |
| Identifier / date | 5827/2023 and 5828/2023, 21 July, 2023 |
|---|---|
| What the supplied record establishes | Approval records nine plots as reserved/mortgaged to the Municipality/Municipal Corporation |
| Identifier / date | Dated 2023; date text is unclear in the extracted copy |
|---|---|
| What the supplied record establishes | Promoter declaration includes the 27 July 2025 completion undertaking |
| Identifier / date | Not supplied |
|---|---|
| What the supplied record establishes | No final layout release or completion/occupancy certificate is included in the evidence reviewed here |
Frequently asked questions
Is VENKATESWARA TOWNSHIP registered with Telangana RERA?
Yes. VENKATESWARA TOWNSHIP is registered with the Telangana Real Estate Regulatory Authority as P01900006962; the registration status is New Project.
Who is the developer of VENKATESWARA TOWNSHIP?
The promoter named in the RERA registration is ALAVALA PADMA AND OTHERS.
Where is VENKATESWARA TOWNSHIP located?
VENKATESWARA TOWNSHIP is in Kodad, Suryapet, Telangana (508206).
When will VENKATESWARA TOWNSHIP be completed?
The promoter's proposed date of completion filed with RERA is 27/07/2025. This is the promoter's declaration, not a guarantee.