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TNRERA TN/29/Building/0200/2019

Ocean Grand

Chennai · Ocean Life Spaces India Pvt. LTD
THOK VERDICT
Ruko
36THOK SCORE

Declared possession date passed 50 months ago and completion is not recorded in the register: ask the builder for the completion / occupancy certificate.

SCORE 36/100 · CONFIDENCE MEDIUM
RERA possession
Apr 2021
Latest possession
Aug 2022
Units sold
Not disclosed
Status
Registered
Address
Project Name: “Ocean Grand” - Construction of Stilt Floor + 4 Floors Residential-cum-Commercial building (retails space) at 1st Floor part and second floor part of remaining portion residential with 43 dwelling units at Plot No.99, Mettukuppam Main Road, Bharathi Nagar, Maduravoyal, Chennai comprised in Survey No.123 part as per document and Survey No.123/3A1B as per Patta of Maduravoyal Village, Chennai., Tamil Nadu
Open in Maps ↗

Aug 2022 is the latest possession date on TNRERA (checked 31 Oct 2026). The builder has not filed a newer extension, so the project is running past its own declared date.

Possession date passed? Work out the delay interest or refund RERA says the builder owes youDelay refund calculator →
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Less than 0.05% of a ₹50 lakh home.
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Last checked 31 Oct 2026 · TNRERA page ↗ · Report an error · Builder? Reply to this record
×Possession timeline
RUKO
Possession moved 16 months (Apr 2021 → Aug 2022); 50 months past the latest declared date; completion not confirmed in the register.
TNRERA registration ↗
!Construction progress (builder-reported)
DHYAAN DO
Builder reported 70% physically complete to TNRERA for the quarter ending Sep 2021, against about 67% of the timeline elapsed. No newer progress report in 61 months. 9 units reported booked.
TNRERA quarterly progress report, filed by the builder ↗
…Price
NOT CHECKED YET
Registered sale prices near this project, from the state's property registration records.
State registration records · coming soon
…Court cases
NOT CHECKED YET
RERA complaints, civil and consumer cases against the builder.
eCourts · e-Jagriti · coming soon
…Land title
NOT CHECKED YET
Land records and property card matched to the promoter.
State land records · coming soon

What the builder said, and what we found

POSSESSIONDOESN’T MATCH
Apr 2021RERA registration
Aug 2022Latest TNRERA date

Why this score

Open method: each factor's weight and what we found. Unchecked factors don't count for or against. How we score

Legal exposure 20%
—
Complaints and court cases not yet checked.
Title & approvals 10%
—
Land records and approvals not yet checked.
Delivery record 25%
18
Possession moved 16 months (Apr 2021 → Aug 2022); 50 months past the latest declared date; completion not confirmed in the register.
Promoter financial health 20%
75
No IBBI insolvency announcement against the promoter. MCA filings not yet checked.
Disclosure accuracy 10%
—
Unit inventory not yet checked for this state.
Construction reality 15%
50
Builder reported 70% physically complete to TNRERA for the quarter ending Sep 2021, against about 67% of the timeline elapsed. No newer progress report in 61 months.

Recent photos

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Before you pay a token

Pre-booking checklist: what our records confirm, and what to ask the builder in writing.

  1. ?
    Project is registered with TNRERA and not lapsed ASK BUILDER
    Registered · Nov 2019. TNRERA doesn't publish lapses: ask for the current registration or extension certificate.
  2. ×
    Possession date has not been pushed back RUKO
    Moved 16 months since registration. Get the current date written into your agreement.
  3. ✓
    Builder is not in insolvency VERIFIED
    No reviewed IBBI insolvency match. Company filings (MCA) are not yet checked.
  4. ?
    Unit inventory is disclosed ASK BUILDER
    Ask for the sold/unsold inventory as filed with TNRERA.
  5. ?
    Clear land title ASK BUILDER
    Ask for the title search report by an advocate and the latest land record (7/12 in Maharashtra, Jamabandi in Haryana, Khatauni in UP, Patta/Chitta in Tamil Nadu) showing the promoter as owner.
  6. ?
    Commencement certificate (CC) and approved plans ASK BUILDER
    Ask for the CC covering your floor and the sanctioned building plan.
  7. ?
    Project bank account (70% escrow) ASK BUILDER
    Pay only into the RERA designated account named in the registration. Ask for the account details in writing.
  8. ?
    Carpet area as per RERA ASK BUILDER
    The agreement must state carpet area (not super built-up) and match the RERA filing.
  9. ?
    Payment linked to construction stages ASK BUILDER
    No more than 10% before a registered agreement for sale; later instalments tied to construction milestones.
  10. ?
    Lender approval ASK BUILDER
    Ask which banks/HFCs have approved this project for home loans (APF). No approvals is a signal.