Kk Pride
BOLLA VENKATA RAO · Khammam · RERA P00800006452
KK PRIDE is a plotted development in GURRALAPADU, KHAMMAM RURAL, Khammam (Rural) Mandal, Khammam District, developed by registered promoter BOLLA VENKATA RAO. The RERA land area is 24,703.83 sq. m, and the approved layout provides for 88 plots; building count, floors and plot configurations are not stated in the RERA record. It is registered under TG-RERA number P00800006452, with a proposed completion date of 30/11/2026.
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
11 items to check before you pay, 4 high - from the title chain, court records and approvals, each with what to ask the builder or your advocate. An item may not be a problem with the project: records can be incomplete.
1. Project at a glance
Project identity
| Field | Record |
|---|---|
| Registered project name | KK PRIDE |
| Project type | Plotted development RERA record |
| Phase / registered portion | Phase not separately identified; registration is for the project on Sy. No. 73/PART RERA record |
| TG-RERA registration number | P00800006452 |
| Registration validity | 07/07/2023 to 27/03/2026; certificate says “2 years.” This is the registration period, not a statement of the project’s completion or occupancy status. |
| Registered promoter | BOLLA VENKATA RAO |
| RERA status in supplied record | Registration certificate on file; no extension is recorded in the supplied certificate. The certificate’s stated validity ended 27/03/2026. |
Land and geographic identity
| Field | Record |
|---|---|
| Locality | GURRALAPADU, KHAMMAM RURAL RERA record |
| Revenue village | Gurralapadu Revenue Village |
| Mandal / district / PIN | Khammam (Rural) Mandal / Khammam / 507170 RERA record |
| Project survey number and subdivision | 73/PART; the supplied project records do not identify any additional project survey number or subdivision. |
| RERA land area | Total area 24,703.83 sq. m; net area 24,703.83 sq. m; road-widening/FTL/nala-affected area recorded as 0 sq. m. RERA filing |
| Layout-drawing area statement | Total site area 24,887.09 sq. m; road-widening area 183.46 sq. m. Layout record |
| Boundaries in RERA land record | North: LAND OF B RAMARAO; South: LAND OF K NARSIMHA RAO AND K GOPICHANDH; East and West: OTHERS LAND. RERA filing |
Development identity
| Field | Record |
|---|---|
| Sanctioning authority | Stambhadri Urban Development Authority (SUDA); the approval identifies delegation to Gurralapadu Grampanchayat. |
| Principal layout approval | Tentative Layout Plan approval 252851/LP/GP/202408/0002/2023, dated 27-03-2023. |
| Approved project form | Plotted layout; the approval records 88 plots. |
| Approved built-up area | 15,095.17 sq. m is recorded in the RERA fields as “Approved Built up Area”; the supplied record does not describe this as residential building floor area. RERA filing |
| Buildings / floors | Building count and building floor configuration are not disclosed in the supplied evidence. |
| Parking | The supplied evidence does not establish a sanctioned parking-space count or parking levels. |
Offering and status
| Field | Record |
|---|---|
| RERA-filed offering | Plots in a plotted development; RERA plot inventory count and plot-wise saleable areas are not included in the supplied records. RERA record RERA filing |
| Layout-drawing plot schedule | 88 plots; software-read plot sizes range from 111.48 sq. m to 338.74 sq. m, with a median of 167.23 sq. m. These are drawing-derived measurements, not stated as RERA-filed saleable areas. Layout record |
| Completion date | Promoter’s Form B declares completion by 27/03/2026. The project header records a proposed completion date of 30/11/2026. These are completion-date records; neither establishes registration validity or occupancy certification. RERA record |
| Construction / development stage | Supplied amenity records show 0% progress for listed items; no independently verified site-progress report is provided. RERA amenities |
| Completion / occupancy certificate | No completion certificate or occupancy certificate is included in the supplied evidence. The supplied approval is for a Tentative Layout Plan. Document index |
2. The project story
- KK PRIDE is registered as a plotted development on 73/PART in Gurralapadu Revenue Village, Khammam (Rural) Mandal, Khammam District. Its filed layout approval provides for 88 plots, with land allocated to plots, roads, parks/open space, utilities and social infrastructure. The approval describes the plan as tentative and requires development works and subsequent approval of a Final Layout Plan; the supplied evidence does not establish that those works have been completed or that a final layout approval has been issued.
- The layout drawing’s plot schedule was read by software and records 88 plots, with sizes from 111.48 sq. m to 338.74 sq. m. This describes the drawing, not independently verified on-site plot boundaries or the availability of particular plots for purchase. The supplied RERA material does not include a current sold/unsold plot schedule, a unit-wise availability report or independently verified construction progress. Layout record Document index
- The RERA certificate records registration from 07/07/2023 to 27/03/2026. That registration period is distinct from the promoter’s completion undertaking and the project header’s proposed completion date. No completion or occupancy certificate is present in the supplied documents. RERA record Document index
3. Master plan, architecture & building design
- The project is a plotted layout, not a multi-building apartment scheme. The SUDA Tentative Layout Plan records an extent of Ac. 6.104 cents (29545.541 Sq.Yds) and 88 plots. It allocates land to plotted area, roads, open space/park, utilities and social infrastructure.
- The layout drawing’s area statement records a total site area of 24,887.09 sq. m, comprising 15,095.05 sq. m plotted area, 6,490.01 sq. m roads, 2,234.80 sq. m parks/open space, 259.79 sq. m utilities and 623.72 sq. m social infrastructure; amenities are shown as 0.00 sq. m. These are drawing-derived figures, and the plot sizes and area statement should be checked against the approved drawing. Layout record
- The RERA land record separately reports a total/net area of 24,703.83 sq. m and the RERA fields record an “Approved Built up Area” of 15,095.17 sq. m. The evidence does not identify building floor area, FSI-counted area, or apartment saleable/carpet areas for this plotted project. RERA filing RERA filing
- The approval identifies plots 9, 10, 11, 26, 39, 40, 45, 46 and 47 as mortgaged to the Grampanchayat, with a stated extent of Ac 0.677 cents 3274.72 Sq.Yds. The drawing-derived record separately labels a mortgage area of 2,289.37 sq. m. The layout approval states that the mortgaged area is intended to secure completion of infrastructure and amenities and is to be released after approval of the Final Layout Plan. Layout record
4. Homes, configurations & floor plans
This is a plotted development; the supplied RERA record does not provide plot-wise RERA saleable areas or a current booked/available inventory schedule. The layout drawing’s plot schedule was read by software and lists 88 plots with the following size distribution. These measurements are drawing-derived, not RERA-filed saleable-area figures. Layout record Document index
| Plot size band (sq. yd; supplied equivalent in sq. m) | Plots |
|---|---|
| 100–150 (84–125 sq. m) | 4 |
| 150–200 (125–167 sq. m) | 31 |
| 200–250 (167–209 sq. m) | 44 |
| 250–300 (209–251 sq. m) | 6 |
| 300–400 (251–334 sq. m) | 2 |
| 400–500 (334–418 sq. m) | 1 |
The smallest measured plot is 111.48 sq. m (133.3 sq. yd), the median is 167.23 sq. m (200.0 sq. yd), and the largest is 338.74 sq. m (405.1 sq. yd). The drawing record says the plot-area sum matches its plotted-area statement; the record also cautions that software-read plot counts and sizes should be verified against the drawing. Layout record
The supplied floor-plan record contains two layout sheets and one scan pending measurement; it provides no measured dwelling-floor plans or room dimensions. No apartment carpet-area or loading figures are applicable or supplied for the plot offering. Floor plans
5. Parking & vehicle circulation
- The supplied evidence does not establish the number of resident or visitor parking spaces, accessible spaces, or a parking allocation for individual plots. The layout approval requires roads to be opened for access to neighbouring sites and identifies roads as part of the layout, but no road widths, vehicle-entry arrangement, internal driveway dimensions or pedestrian-separated circulation details are supplied. RERA amenities Document index
- The layout approval’s stated mortgage plots are a development-condition mechanism; they do not establish parking provision or exclusive parking rights for purchasers.
6. Amenities, recreation & open spaces
The layout approval identifies land for open space/park, utilities and social infrastructure. It also lists infrastructure and amenity works to be undertaken, but the supplied progress data records 0% for listed RERA amenities and does not independently verify completion. RERA amenities
| Description / size | Layout drawing: 2,234.80 sq. m; approval: Ac 0.552 cents 2672.821 Sq.Yds. |
|---|---|
| Evidence source | Layout record |
| Declared progress / verified status | Land allocation is recorded; completion or handover is not independently verified. |
| Description / size | Layout drawing: 623.72 sq. m; approval records Ac 0.154 cents 745.969 Sq.Yds. |
|---|---|
| Evidence source | Layout record |
| Declared progress / verified status | Allocation is recorded; facility construction or operation is not verified. |
| Description / size | Layout drawing: 259.79 sq. m; approval: Ac 0.064 cents 310.709 Sq.Yds. |
|---|---|
| Evidence source | Layout record |
| Declared progress / verified status | Allocation is recorded; utility installations are not verified. |
| Description / size | Listed in the RERA amenities record; no size or facility detail supplied. |
|---|---|
| Evidence source | RERA amenities |
| Declared progress / verified status | Progress recorded as 0%; not independently verified complete. |
| Description / size | Listed in the RERA amenities record. |
|---|---|
| Evidence source | RERA amenities |
| Declared progress / verified status | Progress recorded as 0%; not independently verified complete. |
| Description / size | Listed in the RERA amenities record; no separate size supplied there. |
|---|---|
| Evidence source | RERA amenities |
| Declared progress / verified status | Progress recorded as 0%; not independently verified complete. |
The approval lists works including greenery, fencing open spaces, rainwater harvesting and street lighting. Its condition also refers to a water reservoir, septic tank or STP, electric transformer and solid-waste management. These are approval requirements or specified works, not evidence that the facilities have been installed or are operational.
7. Utilities, building services & safety
- The RERA amenities record lists water supply, sewerage (chambers, lines, septic tank and STP), storm-water drains, water conservation/rainwater harvesting, street lighting, solid-waste management and disposal, and an electrical meter room/sub-station/receiving station. Each listed item with a reported availability field is marked “YES,” while the recorded progress percentage is 0%; the supplied evidence does not establish completion or operational status. RERA amenities
- The layout approval specifies development works that include roads and drains, nala channelization, rainwater harvesting, sewerage disposal, protected water supply, a water reservoir, a septic tank or STP, an electric transformer and solid-waste management. It does not provide capacities, technical specifications, commissioning records or independent inspections for these facilities.
- No building-specific fire-system design, fire clearance, lift, backup-power, CCTV, access-control or accessibility details are supplied. The project is a plotted layout, and the evidence does not establish household-level utility connections or the completion status of layout services. Document index RERA amenities
8. Location, access & connectivity
The registered project location is Gurralapadu Revenue Village, Khammam (Rural) Mandal, Khammam District, Telangana, PIN 507170. The RERA record gives the locality as GURRALAPADU, KHAMMAM RURAL. RERA record
The supplied location record gives a parcel-centroid coordinate of 17.41464, 80.12096 and one measured connectivity entry: the nearest sampled Outer Ring Road interchange is approximately 152.9 km away. The evidence does not provide an approach-road description, public-transport information or verified distances to local landmarks. Location record
9. Developer & development status
- The registered promoter is BOLLA VENKATA RAO, recorded as a proprietorship. His registered address is B, Sriram Nagar, Gurralapadu, Khammam (Rural), Khammam, Telangana, 507170. The supplied record does not establish an entity registration number, official website or project contact details. Corporate record Parties record RERA filing
- The promoter’s Form B declares completion by 27/03/2026, and the project header records proposed completion as 30/11/2026. The supplied evidence does not include a current construction-progress statement, a final layout approval or a completion/occupancy certificate. RERA record Document index
10. Approvals, official records & documents
| Record | Supplied evidence |
|---|---|
| TG-RERA registration | Form C certificate for KK PRIDE, registration P00800006452, issued 07/07/2023; validity stated through 27/03/2026. |
| Principal layout approval | SUDA approval for a Tentative Layout Plan, No. 252851/LP/GP/202408/0002/2023, dated 27-03-2023, for 88 plots in Sy. No. 73/PART, Gurralapadu Revenue Village. |
| Title report | Advocate’s search report reviewing registered Gift Deed No. 1170/2023 and Mortgage No. 1169/2023; the report also notes title-chain limitations. |
| Gift deed | Registered Gift Deed No. 1170/2023, dated 14-03-2023, in favour of the Governor of Telangana State, represented by SUDA; the title report cites page 1, and the RERA title-report document cites page 8. |
| Mortgage deed | Registered Mortgage Deed No. 1169/2023, dated 14-03-2023, in favour of the Governor of Telangana State, represented by SUDA; the title report cites page 1. |
| Development memorandum | MOU describing arrangements among eight parties for development of the land as a plotted project; it is not itself a registered conveyance of title. |
| Promoter declaration | Form B affidavit by BOLLA VENKATA RAO, declaring legal title, no encumbrances and a completion undertaking. |
| Completion / occupancy evidence | No completion certificate or occupancy certificate is included in the supplied documents. Document index |
1. Project at a glance
Project identity
Registered project name: KK PRIDE
Project type: Plotted development
Phase / registered portion: Phase not separately identified; registration is for the project on Sy. No. 73/PART
TG-RERA registration number: P00800006452
Registration validity: 07/07/2023 to 27/03/2026; certificate says “2 years.” This is the registration period, not a statement of the project’s completion or occupancy status.
Registered promoter: BOLLA VENKATA RAO
RERA status in supplied record: Registration certificate on file; no extension is recorded in the supplied certificate. The certificate’s stated validity ended 27/03/2026.
Land and geographic identity
Locality: GURRALAPADU, KHAMMAM RURAL
Revenue village: Gurralapadu Revenue Village
Mandal / district / PIN: Khammam (Rural) Mandal / Khammam / 507170
Project survey number and subdivision: 73/PART; the supplied project records do not identify any additional project survey number or subdivision.
RERA land area: Total area 24,703.83 sq. m; net area 24,703.83 sq. m; road-widening/FTL/nala-affected area recorded as 0 sq. m.
Layout-drawing area statement: Total site area 24,887.09 sq. m; road-widening area 183.46 sq. m.
Boundaries in RERA land record: North: LAND OF B RAMARAO; South: LAND OF K NARSIMHA RAO AND K GOPICHANDH; East and West: OTHERS LAND.
Development identity
Sanctioning authority: Stambhadri Urban Development Authority (SUDA); the approval identifies delegation to Gurralapadu Grampanchayat.
Principal layout approval: Tentative Layout Plan approval 252851/LP/GP/202408/0002/2023, dated 27-03-2023.
Approved project form: Plotted layout; the approval records 88 plots.
Approved built-up area: 15,095.17 sq. m is recorded in the RERA fields as “Approved Built up Area”; the supplied record does not describe this as residential building floor area.
Buildings / floors: Building count and building floor configuration are not disclosed in the supplied evidence.
Parking: The supplied evidence does not establish a sanctioned parking-space count or parking levels.
Offering and status
RERA-filed offering: Plots in a plotted development; RERA plot inventory count and plot-wise saleable areas are not included in the supplied records.
Layout-drawing plot schedule: 88 plots; software-read plot sizes range from 111.48 sq. m to 338.74 sq. m, with a median of 167.23 sq. m. These are drawing-derived measurements, not stated as RERA-filed saleable areas.
Completion date: Promoter’s Form B declares completion by 27/03/2026. The project header records a proposed completion date of 30/11/2026. These are completion-date records; neither establishes registration validity or occupancy certification.
Construction / development stage: Supplied amenity records show 0% progress for listed items; no independently verified site-progress report is provided.
Completion / occupancy certificate: No completion certificate or occupancy certificate is included in the supplied evidence. The supplied approval is for a Tentative Layout Plan.
2. The project story
- KK PRIDE is registered as a plotted development on 73/PART in Gurralapadu Revenue Village, Khammam (Rural) Mandal, Khammam District. Its filed layout approval provides for 88 plots, with land allocated to plots, roads, parks/open space, utilities and social infrastructure. The approval describes the plan as tentative and requires development works and subsequent approval of a Final Layout Plan; the supplied evidence does not establish that those works have been completed or that a final layout approval has been issued.
- The layout drawing’s plot schedule was read by software and records 88 plots, with sizes from 111.48 sq. m to 338.74 sq. m. This describes the drawing, not independently verified on-site plot boundaries or the availability of particular plots for purchase. The supplied RERA material does not include a current sold/unsold plot schedule, a unit-wise availability report or independently verified construction progress.
- The RERA certificate records registration from 07/07/2023 to 27/03/2026. That registration period is distinct from the promoter’s completion undertaking and the project header’s proposed completion date. No completion or occupancy certificate is present in the supplied documents.
3. Master plan, architecture & building design
- The project is a plotted layout, not a multi-building apartment scheme. The SUDA Tentative Layout Plan records an extent of Ac. 6.104 cents (29545.541 Sq.Yds) and 88 plots. It allocates land to plotted area, roads, open space/park, utilities and social infrastructure.
- The layout drawing’s area statement records a total site area of 24,887.09 sq. m, comprising 15,095.05 sq. m plotted area, 6,490.01 sq. m roads, 2,234.80 sq. m parks/open space, 259.79 sq. m utilities and 623.72 sq. m social infrastructure; amenities are shown as 0.00 sq. m. These are drawing-derived figures, and the plot sizes and area statement should be checked against the approved drawing.
- The RERA land record separately reports a total/net area of 24,703.83 sq. m and the RERA fields record an “Approved Built up Area” of 15,095.17 sq. m. The evidence does not identify building floor area, FSI-counted area, or apartment saleable/carpet areas for this plotted project.
- The approval identifies plots 9, 10, 11, 26, 39, 40, 45, 46 and 47 as mortgaged to the Grampanchayat, with a stated extent of Ac 0.677 cents 3274.72 Sq.Yds. The drawing-derived record separately labels a mortgage area of 2,289.37 sq. m. The layout approval states that the mortgaged area is intended to secure completion of infrastructure and amenities and is to be released after approval of the Final Layout Plan.
4. Homes, configurations & floor plans
This is a plotted development; the supplied RERA record does not provide plot-wise RERA saleable areas or a current booked/available inventory schedule. The layout drawing’s plot schedule was read by software and lists 88 plots with the following size distribution. These measurements are drawing-derived, not RERA-filed saleable-area figures.
100–150 (84–125 sq. m): 4
150–200 (125–167 sq. m): 31
200–250 (167–209 sq. m): 44
250–300 (209–251 sq. m): 6
300–400 (251–334 sq. m): 2
400–500 (334–418 sq. m): 1
The smallest measured plot is 111.48 sq. m (133.3 sq. yd), the median is 167.23 sq. m (200.0 sq. yd), and the largest is 338.74 sq. m (405.1 sq. yd). The drawing record says the plot-area sum matches its plotted-area statement; the record also cautions that software-read plot counts and sizes should be verified against the drawing.
The supplied floor-plan record contains two layout sheets and one scan pending measurement; it provides no measured dwelling-floor plans or room dimensions. No apartment carpet-area or loading figures are applicable or supplied for the plot offering.
5. Parking & vehicle circulation
- The supplied evidence does not establish the number of resident or visitor parking spaces, accessible spaces, or a parking allocation for individual plots. The layout approval requires roads to be opened for access to neighbouring sites and identifies roads as part of the layout, but no road widths, vehicle-entry arrangement, internal driveway dimensions or pedestrian-separated circulation details are supplied.
- The layout approval’s stated mortgage plots are a development-condition mechanism; they do not establish parking provision or exclusive parking rights for purchasers.
6. Amenities, recreation & open spaces
The layout approval identifies land for open space/park, utilities and social infrastructure. It also lists infrastructure and amenity works to be undertaken, but the supplied progress data records 0% for listed RERA amenities and does not independently verify completion.
| Facility | Description / size | Evidence source | Declared progress / verified status |
|---|---|---|---|
| Park / open space | Layout drawing: 2,234.80 sq. m; approval: Ac 0.552 cents 2672.821 Sq.Yds. | Land allocation is recorded; completion or handover is not independently verified. | |
| Social infrastructure | Layout drawing: 623.72 sq. m; approval records Ac 0.154 cents 745.969 Sq.Yds. | Allocation is recorded; facility construction or operation is not verified. | |
| Utilities land | Layout drawing: 259.79 sq. m; approval: Ac 0.064 cents 310.709 Sq.Yds. | Allocation is recorded; utility installations are not verified. | |
| Community buildings | Listed in the RERA amenities record; no size or facility detail supplied. | Progress recorded as 0%; not independently verified complete. | |
| Green strip / tot lot / park | Listed in the RERA amenities record. | Progress recorded as 0%; not independently verified complete. | |
| Recreational open space | Listed in the RERA amenities record; no separate size supplied there. | Progress recorded as 0%; not independently verified complete. |
The approval lists works including greenery, fencing open spaces, rainwater harvesting and street lighting. Its condition also refers to a water reservoir, septic tank or STP, electric transformer and solid-waste management. These are approval requirements or specified works, not evidence that the facilities have been installed or are operational.
7. Utilities, building services & safety
- The RERA amenities record lists water supply, sewerage (chambers, lines, septic tank and STP), storm-water drains, water conservation/rainwater harvesting, street lighting, solid-waste management and disposal, and an electrical meter room/sub-station/receiving station. Each listed item with a reported availability field is marked “YES,” while the recorded progress percentage is 0%; the supplied evidence does not establish completion or operational status.
- The layout approval specifies development works that include roads and drains, nala channelization, rainwater harvesting, sewerage disposal, protected water supply, a water reservoir, a septic tank or STP, an electric transformer and solid-waste management. It does not provide capacities, technical specifications, commissioning records or independent inspections for these facilities.
- No building-specific fire-system design, fire clearance, lift, backup-power, CCTV, access-control or accessibility details are supplied. The project is a plotted layout, and the evidence does not establish household-level utility connections or the completion status of layout services.
8. Location, access & connectivity
The registered project location is Gurralapadu Revenue Village, Khammam (Rural) Mandal, Khammam District, Telangana, PIN 507170. The RERA record gives the locality as GURRALAPADU, KHAMMAM RURAL.
The supplied location record gives a parcel-centroid coordinate of 17.41464, 80.12096 and one measured connectivity entry: the nearest sampled Outer Ring Road interchange is approximately 152.9 km away. The evidence does not provide an approach-road description, public-transport information or verified distances to local landmarks.
9. Developer & development status
- The registered promoter is BOLLA VENKATA RAO, recorded as a proprietorship. His registered address is B, Sriram Nagar, Gurralapadu, Khammam (Rural), Khammam, Telangana, 507170. The supplied record does not establish an entity registration number, official website or project contact details.
- The promoter’s Form B declares completion by 27/03/2026, and the project header records proposed completion as 30/11/2026. The supplied evidence does not include a current construction-progress statement, a final layout approval or a completion/occupancy certificate.
10. Approvals, official records & documents
TG-RERA registration: Form C certificate for KK PRIDE, registration P00800006452, issued 07/07/2023; validity stated through 27/03/2026.
Principal layout approval: SUDA approval for a Tentative Layout Plan, No. 252851/LP/GP/202408/0002/2023, dated 27-03-2023, for 88 plots in Sy. No. 73/PART, Gurralapadu Revenue Village.
Title report: Advocate’s search report reviewing registered Gift Deed No. 1170/2023 and Mortgage No. 1169/2023; the report also notes title-chain limitations.
Gift deed: Registered Gift Deed No. 1170/2023, dated 14-03-2023, in favour of the Governor of Telangana State, represented by SUDA; the title report cites page 1, and the RERA title-report document cites page 8.
Mortgage deed: Registered Mortgage Deed No. 1169/2023, dated 14-03-2023, in favour of the Governor of Telangana State, represented by SUDA; the title report cites page 1.
Development memorandum: MOU describing arrangements among eight parties for development of the land as a plotted project; it is not itself a registered conveyance of title.
Promoter declaration: Form B affidavit by BOLLA VENKATA RAO, declaring legal title, no encumbrances and a completion undertaking.
Completion / occupancy evidence: No completion certificate or occupancy certificate is included in the supplied documents.
Frequently asked questions
Is KK PRIDE registered with Telangana RERA?
Yes. KK PRIDE is registered with the Telangana Real Estate Regulatory Authority as P00800006452; the registration status is New Project.
Who is the developer of KK PRIDE?
The promoter named in the RERA registration is BOLLA VENKATA RAO.
Where is KK PRIDE located?
KK PRIDE is in GURRALAPADU, KHAMMAM RURAL, Gurralapadu, Khammam (Rural) Mandal, Khammam, Telangana (507170).
When will KK PRIDE be completed?
The promoter's proposed date of completion filed with RERA is 30/11/2026. This is the promoter's declaration, not a guarantee.