N V R Homes
YANAMADDI VENU · Khammam · RERA P00800010456
N V R HOMES is a residential apartment project in Velugumatla, Khammam (Rural) Mandal, Khammam District. The registered promoter is YANAMADDI VENU. The project covers 692.28 sq. m and comprises one residential building with 1 stilt + 5 upper floors and 15 homes: 10 2BHK and 5 3BHK units. It is registered under TG-RERA P00800010456, and the project header records a proposed completion date of 24/10/2027.
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
| Item | Project record |
|---|---|
| Registered project name | N V R HOMES RERA record |
| Project type | Residential apartment project RERA record |
| Phase / registered portion | Phase not separately identified; the RERA record covers the building and site described below. RERA record |
| TG-RERA registration | P00800010456; valid from 25 June 2024 to 24 June 2027, unless extended by the Authority. Registration validity is distinct from the stated completion date. RERA record |
| Registered promoter | YANAMADDI VENU; the filed promoter information identifies a proprietorship. RERA record RERA filing |
| RERA status | The supplied record identifies the project as a “New Project.” The registration certificate records the registration and its validity; no separate current portal status is supplied. RERA record |
Land and geographic identity
| Item | Project record |
|---|---|
| Locality / revenue village | Velugumatla; the building-permit extraction identifies the village as VELUGUMATLA. RERA record |
| Mandal / district / PIN | Khammam (Rural) Mandal / Khammam / 507318. RERA record |
| Survey numbers and subdivisions | 503/A, 503/B, 503/C, 503 and 499/A. RERA record Land records |
| Plot identification | Plot No. 8/A Part & 1 Part. RERA filing |
| Registered site extent | 692.28 sq. m; the filed land details give total and net area as 692.28 sq. m and affected area as 0. RERA filing |
| Boundaries as filed | East: Plot No. 8 by A Part; west: Plot No. 1 Part and 91; north and south: “9 14 MT WIDE EXISTING 9 14 MT WIDE PROPOSED ROAD.” RERA filing |
Development identity
| Item | Project record |
|---|---|
| Sanctioning authority | Khammam Municipal Corporation; the filed plan record also identifies TS-DTCP as delegated authority. |
| Principal building approval | Approval No. 0870/BP/3018/2024, dated 25 June 2024. File No. 003933/BP/DTCP/3018/0962/2024. Approvals record |
| Approved building form | One residential building: 1 stilt + 5 upper floors; the permit records a height of 14.25 m in its sanctioned parameters. |
| Approved built-up area | The filed plan records proposed built-up area excluding parking of 1,665.55 sq. m and including parking of 2,039.65 sq. m. These are distinct filed figures. |
| Building count | 1 building. RERA filing |
| Units | 15 units are recorded in the floor-plan extraction; the RERA unit schedule records 10 2BHK and 5 3BHK units. RERA unit table |
| Parking / levels | The building approval identifies stilt and parking area in the plan data; the supplied records do not establish a complete parking-space count or allocation. |
Offering and status
| Item | Project record |
|---|---|
| RERA-filed configurations | 2BHK (10 units) and 3BHK (5 units). RERA unit table |
| RERA-filed saleable area | 2BHK: 113.34 sq. m; 3BHK: 196.95 sq. m. RERA unit table |
| Booked / available | Portal-derived schedule records 0 booked and 10 available 2BHK units, and 0 booked and 5 available 3BHK units. The source record gives no as-of date; treat these counts as indicative. RERA unit table |
| Construction stage | No independently verified site-progress measurement is supplied. The vendor description says construction is in progress; that is a vendor statement, not verified progress. Promoter website |
| Completion date | Form B records the promoter’s undertaking to complete by 24/06/2027. The project header separately records proposed completion as 24/10/2027; the supplied evidence does not resolve these dates. RERA record |
| Occupancy / completion certificate | No occupancy or completion certificate is supplied. The municipal approval says an OC is required before occupation. |
2. The project story
N V R HOMES is registered as a residential apartment project at Velugumatla, Khammam, on a recorded site of 692.28 sq. m across survey numbers 503/A, 503/B, 503/C, 503 and 499/A. The sanctioned scheme is a single building with a stilt and five upper floors, with 15 apartments in the RERA-filed schedule: ten 2BHK and five 3BHK homes. RERA record Land records RERA unit table
The building permit is dated 25 June 2024. The project record describes the development as new, but the evidence supplied does not establish construction progress through an independent site inspection or current progress certificate. A vendor description states that construction is in progress; it should be read as a vendor claim. No occupancy or completion certificate is in the supplied documents, and the building approval requires an OC before occupation. RERA record Promoter website
3. Master plan, architecture & building design
The building permit and filed plan identify one residential apartment building on a 692.28 sq. m site. The floor configuration is stilt plus five upper floors. The filed plan reports proposed built-up area as 1,665.55 sq. m excluding parking and 2,039.65 sq. m including parking; the approval extraction separately records 1,665.55 for residential upper floors and 360.93 for stilt. These figures are reported as recorded in their respective filed fields, not as carpet or saleable area.
The plan extraction records a vacant plot area of 318.21 sq. m, parking area of 374.10 sq. m, and total BUA of 2,043.81 sq. m. The supplied material does not explain the differing BUA labels or provide a complete architectural drawing set from which to establish building footprint, floor-by-floor unit arrangement, entrances, exits, internal circulation, landscaping or common-area distribution.
The approval extraction lists rainwater harvesting, septic tank, sump, water tank, percolation pit, soak pit, lift and staircase. These are items shown or listed in the filed plan record; their installation or operational status is not independently verified.
4. Homes, configurations & floor plans
The RERA schedule records the unit counts and saleable areas below. Separately, software measurement of the approved floor-plan drawing geometry gives estimated carpet-area ranges; these are drawing-based measurements, not RERA-filed carpet-area disclosures, and should be checked against the drawings. Saleable area is a different measure and includes the home’s share of common areas; balconies and utility areas are excluded from the measured carpet-area figures where identified as excluded. RERA unit table RERA unit details Floor plans
| Configuration | Units | Booked | Available | RERA saleable area | Measured carpet area | Loading (if supplied) |
|---|---|---|---|---|---|---|
| 2BHK | 10 | 0 | 10 | 113.34 sq. m | 62.1–65.9 sq. m; median 64.0 sq. m (software-measured) | 44% |
| 3BHK | 5 | 0 | 5 | 196.95 sq. m | 110.8 sq. m (software-measured) | 44% |
The 2BHK drawing sample includes a kitchen, living/dining, two bedrooms, a hall, toilet, enclosed balcony and utility. One measured plan records the kitchen as 3.2 × 2.9 m and living/dining as 3.5 × 4.52 m. The 3BHK drawing sample includes a kitchen, living/dining, three bedrooms, hall, toilets and an enclosed balcony; its measured living/dining is 8.46 × 4.3 m. These are measurements from the drawing, not RERA-filed room dimensions. RERA unit details
Portal booking and availability counts have no supplied as-of date and are therefore indicative. The supplied records do not establish individual unit allotments or current booking status. RERA unit table
5. Parking & vehicle circulation
The building plan identifies a stilt and lists a parking area of 374.10 sq. m; the permit requires any cellar or stilt approved for parking to be used exclusively for vehicle parking. The supplied approval extraction does not provide a verified total of car or two-wheeler spaces, visitor or accessible spaces, or unit-wise parking allocations.
A vendor specification mentions open parking of 374 sq. m and 15 covered-parking spaces. This is a vendor statement and does not establish sanctioned space counts, exclusive ownership or a buyer’s allocation. The municipal approval also requires parking areas in buildings to be provided with EV charging infrastructure; installation is not verified. Promoter website
6. Amenities, recreation & open spaces
The RERA amenity schedule reports the following declared facilities and gives 0% progress for each listed item. The plan and permit identify some related provisions, but no facility is independently verified as complete. RERA amenities
| Facility | Description / size | Evidence source | Declared progress / verified status |
|---|---|---|---|
| Water supply | Listed as available: YES; no source, storage capacity or treatment capacity stated in the amenity schedule. | RERA amenities | 0%; completion not verified |
| Sewerage | “Chamber, Lines, Septic Tank, STP” listed; the plan separately lists septic tank and soak pit. | RERA amenities | 0%; completion not verified |
| Storm-water drains | Listed as available: YES. | RERA amenities | 0%; completion not verified |
| Water conservation / rainwater harvesting | Listed as available: YES; plan lists rainwater harvesting and a percolation pit. Permit records five rainwater-harvesting structures. | RERA amenities | 0%; completion not verified |
| Green strip / tot lot / park | Listed in the amenity schedule; permit requires a fenced tot lot maintained as greenery before OC. The approval extraction gives “Tot-lot (m2) NA.” | RERA amenities | 0%; completion not verified |
| Internal roads and footpaths | Listed in the amenity schedule. | RERA amenities | 0%; completion not verified |
| Street lighting | Listed in the amenity schedule. | RERA amenities | 0%; completion not verified |
| Community buildings | Listed in the amenity schedule; no size or facility detail supplied. | RERA amenities | 0%; completion not verified |
| Solid-waste management and disposal | Listed in the amenity schedule; permit also requires a garbage house within the premises. | RERA amenities | 0%; completion not verified |
| Electrical meter room / sub-station / receiving station | Listed as available: YES; permit requires space for a transformer. | RERA amenities | 0%; completion not verified |
| Aggregate recreational open space | Listed in the amenity schedule; no area stated. | RERA amenities | 0%; completion not verified |
7. Utilities, building services & safety
The project’s filed plan lists a septic tank, sump, water tank, rainwater harvesting, percolation pit and soak pit. The RERA amenity schedule lists water supply, sewerage and storm-water drainage, but supplies no capacities or evidence of installation. The plan also lists a dual-piping system; the supplied records do not state its scope or confirm implementation. RERA amenities
A lift and staircase are listed in the filed plan, without lift count, capacity or service-lift details. The building approval requires a transformer space and garbage house, and states that structural and fire-safety requirements are the responsibility of the owner, builder/developer, architect and site engineer. The supplied material does not include details sufficient to establish specific fire systems, evacuation arrangements, accessibility provisions, CCTV, security systems or backup power.
The building approval requires EV charging infrastructure in parking areas, rainwater harvesting and a completion notice followed by an occupancy certificate before occupation. These are approval conditions; their implementation and operational status are not established by the supplied record.
8. Location, access & connectivity
The registered project location is Velugumatla, Khammam (Rural) Mandal, Khammam District, Telangana, PIN 507318, on survey numbers 503/A, 503/B, 503/C, 503 and 499/A. The filed boundaries identify existing/proposed roads to the north and south, each described in the land-details field as “9 14 MT WIDE”; the building-plan extraction also records 9.14 MT existing and proposed roads. RERA record Land records
A supplied location record gives Financial District (Nanakramguda) at 1.2 km, but the project materials do not provide a route, measurement method or travel time. No additional transport or landmark information is supplied. Location record
9. Developer & development status
The registered promoter is YANAMADDI VENU, identified in the project record as a proprietorship. The promoter address supplied in the RERA fields is B, Srinagar Colony, Velugumatla, Ward No. 13, Velugumatla, Khammam (Rural) Mandal, Khammam, PIN 507318. The materials identify no official website or contact details. RERA record RERA filing Parties record
Form B is the promoter’s declaration that the project land is free from encumbrances and that completion will occur by 24/06/2027. The registration certificate is valid through 24 June 2027, unless extended; this is a separate regulatory validity period. The supplied evidence does not independently verify construction progress or completion, and no OC is provided.
10. Approvals, official records & documents
| Identifier / date | P00800010456; 25 June 2024–24 June 2027 |
|---|---|
| What the supplied record establishes | Registration of N V R HOMES and its stated validity. |
| Identifier / date | Approval No. 0870/BP/3018/2024; 25 June 2024; Khammam Municipal Corporation |
|---|---|
| What the supplied record establishes | Residential building permit for the recorded site; the extraction identifies 1 stilt + 5 upper floors and approval conditions. |
| Identifier / date | File No. 003933/BP/DTCP/3018/0962/2024 |
|---|---|
| What the supplied record establishes | Filed plan particulars, including 15 units, floor configuration, built-up-area entries and listed utilities. |
| Identifier / date | 18 November 2025 |
|---|---|
| What the supplied record establishes | Promoter declaration of title basis, no encumbrances, separate-account undertakings and completion by 24/06/2027. |
| Identifier / date | 24 October 2025 |
|---|---|
| What the supplied record establishes | Advocate’s title investigation report filed with RERA. |
| Identifier / date | Not supplied |
|---|---|
| What the supplied record establishes | No OC or completion certificate is evidenced in the supplied project documents. Document index |
The building approval states that it does not confer ownership rights and requires an occupancy certificate before occupation. This overview records the available project filings; it does not independently verify construction, utility installation or the current status of approvals.
1. Project at a glance
Project identity
Registered project name: N V R HOMES
Project type: Residential apartment project
Phase / registered portion: Phase not separately identified; the RERA record covers the building and site described below.
TG-RERA registration: P00800010456; valid from 25 June 2024 to 24 June 2027, unless extended by the Authority. Registration validity is distinct from the stated completion date.
Registered promoter: YANAMADDI VENU; the filed promoter information identifies a proprietorship.
RERA status: The supplied record identifies the project as a “New Project.” The registration certificate records the registration and its validity; no separate current portal status is supplied.
Land and geographic identity
Locality / revenue village: Velugumatla; the building-permit extraction identifies the village as VELUGUMATLA.
Mandal / district / PIN: Khammam (Rural) Mandal / Khammam / 507318.
Survey numbers and subdivisions: 503/A, 503/B, 503/C, 503 and 499/A.
Plot identification: Plot No. 8/A Part & 1 Part.
Registered site extent: 692.28 sq. m; the filed land details give total and net area as 692.28 sq. m and affected area as 0.
Boundaries as filed: East: Plot No. 8 by A Part; west: Plot No. 1 Part and 91; north and south: “9 14 MT WIDE EXISTING 9 14 MT WIDE PROPOSED ROAD.”
Development identity
Sanctioning authority: Khammam Municipal Corporation; the filed plan record also identifies TS-DTCP as delegated authority.
Principal building approval: Approval No. 0870/BP/3018/2024, dated 25 June 2024. File No. 003933/BP/DTCP/3018/0962/2024.
Approved building form: One residential building: 1 stilt + 5 upper floors; the permit records a height of 14.25 m in its sanctioned parameters.
Approved built-up area: The filed plan records proposed built-up area excluding parking of 1,665.55 sq. m and including parking of 2,039.65 sq. m. These are distinct filed figures.
Building count: 1 building.
Units: 15 units are recorded in the floor-plan extraction; the RERA unit schedule records 10 2BHK and 5 3BHK units.
Parking / levels: The building approval identifies stilt and parking area in the plan data; the supplied records do not establish a complete parking-space count or allocation.
Offering and status
RERA-filed configurations: 2BHK (10 units) and 3BHK (5 units).
RERA-filed saleable area: 2BHK: 113.34 sq. m; 3BHK: 196.95 sq. m.
Booked / available: Portal-derived schedule records 0 booked and 10 available 2BHK units, and 0 booked and 5 available 3BHK units. The source record gives no as-of date; treat these counts as indicative.
Construction stage: No independently verified site-progress measurement is supplied. The vendor description says construction is in progress; that is a vendor statement, not verified progress.
Completion date: Form B records the promoter’s undertaking to complete by 24/06/2027. The project header separately records proposed completion as 24/10/2027; the supplied evidence does not resolve these dates.
Occupancy / completion certificate: No occupancy or completion certificate is supplied. The municipal approval says an OC is required before occupation.
2. The project story
N V R HOMES is registered as a residential apartment project at Velugumatla, Khammam, on a recorded site of 692.28 sq. m across survey numbers 503/A, 503/B, 503/C, 503 and 499/A. The sanctioned scheme is a single building with a stilt and five upper floors, with 15 apartments in the RERA-filed schedule: ten 2BHK and five 3BHK homes.
The building permit is dated 25 June 2024. The project record describes the development as new, but the evidence supplied does not establish construction progress through an independent site inspection or current progress certificate. A vendor description states that construction is in progress; it should be read as a vendor claim. No occupancy or completion certificate is in the supplied documents, and the building approval requires an OC before occupation.
3. Master plan, architecture & building design
The building permit and filed plan identify one residential apartment building on a 692.28 sq. m site. The floor configuration is stilt plus five upper floors. The filed plan reports proposed built-up area as 1,665.55 sq. m excluding parking and 2,039.65 sq. m including parking; the approval extraction separately records 1,665.55 for residential upper floors and 360.93 for stilt. These figures are reported as recorded in their respective filed fields, not as carpet or saleable area.
The plan extraction records a vacant plot area of 318.21 sq. m, parking area of 374.10 sq. m, and total BUA of 2,043.81 sq. m. The supplied material does not explain the differing BUA labels or provide a complete architectural drawing set from which to establish building footprint, floor-by-floor unit arrangement, entrances, exits, internal circulation, landscaping or common-area distribution.
The approval extraction lists rainwater harvesting, septic tank, sump, water tank, percolation pit, soak pit, lift and staircase. These are items shown or listed in the filed plan record; their installation or operational status is not independently verified.
4. Homes, configurations & floor plans
The RERA schedule records the unit counts and saleable areas below. Separately, software measurement of the approved floor-plan drawing geometry gives estimated carpet-area ranges; these are drawing-based measurements, not RERA-filed carpet-area disclosures, and should be checked against the drawings. Saleable area is a different measure and includes the home’s share of common areas; balconies and utility areas are excluded from the measured carpet-area figures where identified as excluded.
| Configuration | Units | Booked | Available | RERA saleable area | Measured carpet area | Loading (if supplied) |
|---|---|---|---|---|---|---|
| 2BHK | 10 | 0 | 10 | 113.34 sq. m | 62.1–65.9 sq. m; median 64.0 sq. m (software-measured) | 44% |
| 3BHK | 5 | 0 | 5 | 196.95 sq. m | 110.8 sq. m (software-measured) | 44% |
The 2BHK drawing sample includes a kitchen, living/dining, two bedrooms, a hall, toilet, enclosed balcony and utility. One measured plan records the kitchen as 3.2 × 2.9 m and living/dining as 3.5 × 4.52 m. The 3BHK drawing sample includes a kitchen, living/dining, three bedrooms, hall, toilets and an enclosed balcony; its measured living/dining is 8.46 × 4.3 m. These are measurements from the drawing, not RERA-filed room dimensions.
Portal booking and availability counts have no supplied as-of date and are therefore indicative. The supplied records do not establish individual unit allotments or current booking status.
5. Parking & vehicle circulation
The building plan identifies a stilt and lists a parking area of 374.10 sq. m; the permit requires any cellar or stilt approved for parking to be used exclusively for vehicle parking. The supplied approval extraction does not provide a verified total of car or two-wheeler spaces, visitor or accessible spaces, or unit-wise parking allocations.
A vendor specification mentions open parking of 374 sq. m and 15 covered-parking spaces. This is a vendor statement and does not establish sanctioned space counts, exclusive ownership or a buyer’s allocation. The municipal approval also requires parking areas in buildings to be provided with EV charging infrastructure; installation is not verified.
6. Amenities, recreation & open spaces
The RERA amenity schedule reports the following declared facilities and gives 0% progress for each listed item. The plan and permit identify some related provisions, but no facility is independently verified as complete.
| Facility | Description / size | Evidence source | Declared progress / verified status |
|---|---|---|---|
| Water supply | Listed as available: YES; no source, storage capacity or treatment capacity stated in the amenity schedule. | 0%; completion not verified | |
| Sewerage | “Chamber, Lines, Septic Tank, STP” listed; the plan separately lists septic tank and soak pit. | 0%; completion not verified | |
| Storm-water drains | Listed as available: YES. | 0%; completion not verified | |
| Water conservation / rainwater harvesting | Listed as available: YES; plan lists rainwater harvesting and a percolation pit. Permit records five rainwater-harvesting structures. | 0%; completion not verified | |
| Green strip / tot lot / park | Listed in the amenity schedule; permit requires a fenced tot lot maintained as greenery before OC. The approval extraction gives “Tot-lot (m2) NA.” | 0%; completion not verified | |
| Internal roads and footpaths | Listed in the amenity schedule. | 0%; completion not verified | |
| Street lighting | Listed in the amenity schedule. | 0%; completion not verified | |
| Community buildings | Listed in the amenity schedule; no size or facility detail supplied. | 0%; completion not verified | |
| Solid-waste management and disposal | Listed in the amenity schedule; permit also requires a garbage house within the premises. | 0%; completion not verified | |
| Electrical meter room / sub-station / receiving station | Listed as available: YES; permit requires space for a transformer. | 0%; completion not verified | |
| Aggregate recreational open space | Listed in the amenity schedule; no area stated. | 0%; completion not verified |
7. Utilities, building services & safety
The project’s filed plan lists a septic tank, sump, water tank, rainwater harvesting, percolation pit and soak pit. The RERA amenity schedule lists water supply, sewerage and storm-water drainage, but supplies no capacities or evidence of installation. The plan also lists a dual-piping system; the supplied records do not state its scope or confirm implementation.
A lift and staircase are listed in the filed plan, without lift count, capacity or service-lift details. The building approval requires a transformer space and garbage house, and states that structural and fire-safety requirements are the responsibility of the owner, builder/developer, architect and site engineer. The supplied material does not include details sufficient to establish specific fire systems, evacuation arrangements, accessibility provisions, CCTV, security systems or backup power.
The building approval requires EV charging infrastructure in parking areas, rainwater harvesting and a completion notice followed by an occupancy certificate before occupation. These are approval conditions; their implementation and operational status are not established by the supplied record.
8. Location, access & connectivity
The registered project location is Velugumatla, Khammam (Rural) Mandal, Khammam District, Telangana, PIN 507318, on survey numbers 503/A, 503/B, 503/C, 503 and 499/A. The filed boundaries identify existing/proposed roads to the north and south, each described in the land-details field as “9 14 MT WIDE”; the building-plan extraction also records 9.14 MT existing and proposed roads.
A supplied location record gives Financial District (Nanakramguda) at 1.2 km, but the project materials do not provide a route, measurement method or travel time. No additional transport or landmark information is supplied.
9. Developer & development status
The registered promoter is YANAMADDI VENU, identified in the project record as a proprietorship. The promoter address supplied in the RERA fields is B, Srinagar Colony, Velugumatla, Ward No. 13, Velugumatla, Khammam (Rural) Mandal, Khammam, PIN 507318. The materials identify no official website or contact details.
Form B is the promoter’s declaration that the project land is free from encumbrances and that completion will occur by 24/06/2027. The registration certificate is valid through 24 June 2027, unless extended; this is a separate regulatory validity period. The supplied evidence does not independently verify construction progress or completion, and no OC is provided.
10. Approvals, official records & documents
| Identifier / date | P00800010456; 25 June 2024–24 June 2027 |
|---|---|
| What the supplied record establishes | Registration of N V R HOMES and its stated validity. |
| Identifier / date | Approval No. 0870/BP/3018/2024; 25 June 2024; Khammam Municipal Corporation |
|---|---|
| What the supplied record establishes | Residential building permit for the recorded site; the extraction identifies 1 stilt + 5 upper floors and approval conditions. |
| Identifier / date | File No. 003933/BP/DTCP/3018/0962/2024 |
|---|---|
| What the supplied record establishes | Filed plan particulars, including 15 units, floor configuration, built-up-area entries and listed utilities. |
| Identifier / date | 18 November 2025 |
|---|---|
| What the supplied record establishes | Promoter declaration of title basis, no encumbrances, separate-account undertakings and completion by 24/06/2027. |
| Identifier / date | 24 October 2025 |
|---|---|
| What the supplied record establishes | Advocate’s title investigation report filed with RERA. |
| Identifier / date | Not supplied |
|---|---|
| What the supplied record establishes | No OC or completion certificate is evidenced in the supplied project documents. |
The building approval states that it does not confer ownership rights and requires an occupancy certificate before occupation. This overview records the available project filings; it does not independently verify construction, utility installation or the current status of approvals.
Frequently asked questions
Is N V R HOMES registered with Telangana RERA?
Yes. N V R HOMES is registered with the Telangana Real Estate Regulatory Authority as P00800010456; the registration status is New Project.
Who is the developer of N V R HOMES?
The promoter named in the RERA registration is YANAMADDI VENU.
Where is N V R HOMES located?
N V R HOMES is in VELUGUMATLA, Khammam (Rural) Mandal, Khammam, Telangana (507318).
When will N V R HOMES be completed?
The promoter's proposed date of completion filed with RERA is 24/10/2027. This is the promoter's declaration, not a guarantee.