Security for the society
Bank guarantees
Bank guarantees protect the society if the developer does not perform. This register keeps each guarantee's bank, amount, form and expiry in one place and warns before a guarantee runs out.
Sample data for Shree Harmony, a fictional society. Not a real record.
Who decides the guarantee
The amount and form of the developer's bank guarantee are decided by the society's general body.
Per GR dated 30 Sept 2026 (summary)
These sample guarantees were issued before the GR dated 30 Sept 2026. The register records the general-body resolution for each one.
Renewal alerts
BG-02 (Transit rent guarantee) expires in 43 days, on 30 Nov 2026. Ask Sample Urban Bank Ltd. (fictional) to renew it before then.
Checked against today's date: 18 Oct 2026.
Guarantee register
- Valid
BG-01
Performance guarantee
Covers completion of the new building as agreed in the Development Agreement.
- Amount
- ₹2,50,00,000
- Bank
- Sample Co-operative Bank Ltd. (fictional)
- Form
- Unconditional, irrevocable bank guarantee
- Decided by the general body
- Resolution GB-R/2026/04 (sample)
- Issued
- 06 Mar 2026
- Expires
- 05 Mar 2027
- Time left
- 138 days left
- Renew soon
BG-02
Transit rent guarantee
Covers members' transit rent once they vacate. No rent is due yet: members have not vacated.
- Amount
- ₹1,95,49,080
- Bank
- Sample Urban Bank Ltd. (fictional)
- Form
- Unconditional, irrevocable bank guarantee
- Decided by the general body
- Resolution GB-R/2026/05 (sample)
- Issued
- 06 Mar 2026
- Expires
- 30 Nov 2026
- Time left
- 43 days left
Sample basis: 24 months of transit rent at ₹115 per sq ft per month on 7,083 sq ft (the 12 flats in the register).
- Expired
BG-03
Tender earnest-money guarantee
Security given with the 2025 developer offer.
- Amount
- ₹25,00,000
- Bank
- Sample Merchants Bank Ltd. (fictional)
- Form
- Bank guarantee in the tender's format
- Decided by the general body
- Set in the 2025 tender terms (sample)
- Issued
- 03 Aug 2025
- Expires
- 31 Mar 2026
- Time left
- Expired 201 days ago
No renewal needed: the tender closed when Meridian Habitat LLP was selected (19 Oct 2025). Kept for the record.