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38 & Banyan
RG-KA-20080 · RERA PRM/KA/RERA/1251/446/PR/180406/001493 · Last updated on RERA Karnataka portal: 12 Feb 2022
Source: official RERA Karnataka filing
Red flags
- 1 complaint at RERA Karnataka
- Completion date moved by 21 months
- 2 extensions taken
Clear
- Separate project account declared
Saved.
38 & Banyan is a Residential/Group Housing project by ASSETZ BUILDWELL LLP in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/446/PR/180406/001493 on 6 Apr 2018. Possession is promised by 30 Mar 2022. The completion date has moved by 21 months from the original filing. 1 complaint is on record with the regulator.
At a glance
Project
- Name38 & Banyan
- TypeResidential/Group Housing
- Location
- Bengaluru East
- Bengaluru Urban
- PincodeNot stated
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1251/446/PR/180406/001493
- ReraGenie IDRG-KA-20080
Builder
- NameASSETZ BUILDWELL LLP
- Entity typeOther
- Authorized SignatorySomasundaram Thiruppathi
- OthersSomasundaram Thiruppathi, Ben Cameron Melville Salmon
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on6 Apr 2018
- Promised completion30 Mar 2022
- Revised completionRevised to 30 Mar 2022 (originally 30 Jun 2020)
- Buildings1 building record
- Documents filed84 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Tower 1 | - | - | - | 38 | 0 | 38 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
As on 12 Feb 2022, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
Building:
| Activity | Progress |
|---|---|
| Earth work and other leveling preparation work | - |
| Foundation footing work | - |
| Retaining wall (All types) | - |
| Plinth level Beam | Not applicable |
| Sub-structure flooring (Parking Floor, more than one floor below general ground level) | Not applicable |
| RCC or MS Framed structure | - |
| Masonry construction: Bricks, Concrete blocks etc | - |
| Plastering inside , outside & Ceiling | - |
| Joinery: Doors, Windows, Ventilators etc | Not applicable |
| Basic work of Water supply, Sanitary and Electrification | - |
| Dadoing, Skirting, Flooring, Tiles work (All types) | - |
| Railing and Grill fixing | Not applicable |
| Electrification, Water supply and Sanitary Finishing | - |
| Wardrobe, Showcase, Kitchen cabinet, Puja work | Not applicable |
| Fire prevention and fire fighting fitting and fixture with network | - |
| Weather Proof work(tile,concrete) | Not applicable |
| Painting | - |
| Elevation work | - |
| Internal and External work including landscapes as per santioned drawings | - |
Progress on shared amenities41
As on 12 Feb 2022, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Water Supply | Yes | - |
| Internal Roads & Footpaths | No | Not applicable |
| Sewage and Drainage System | Yes | - |
| Parks & Tree planting | No | Not applicable |
| Street Lighting | Yes | - |
| Provision for community buildings and for treatment and disposal of sewage and sullage water | Yes | - |
| Solid waste management and disposal | Yes | - |
| Water conservation | Yes | - |
| Energy management | Yes | - |
| Fire protection and fire safety requirements | No | Not applicable |
| Education/Health/Other public amenities | Yes | - |
| Electricity supply transformer and substation | Yes | - |
| Emergency Evacuation services | Yes | - |
| Storm water drains | Yes | - |
| Use of renewable energy | Yes | - |
| Water conservation/rain water harvesting/recharge of ground water | Yes | - |
| Electricity | Yes | - |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | Yes | - |
| Club House | Yes | - |
| Community Hall | Yes | - |
| Outdoor Sports facility | Yes | - |
| Indoor Sports facility | Yes | - |
| Swimming Pool | Yes | - |
| Gym | Yes | - |
| Parks | No | Not applicable |
| Power Backup | Yes | - |
| Gas | Yes | - |
| Water and Sanitation | Yes | - |
| Air Conditioning And incerntion | No | Not applicable |
| Staircases | Yes | - |
| Lifts | Yes | - |
| Staircases and Lift lobbies, corridor,lobbies, corridor | Yes | - |
| Fire escapes | Yes | - |
| Common entrance and exit for the building / common portico/foyer/verandah | Yes | - |
| Basement | Yes | - |
| Terrace | Yes | - |
| Outer Wall | Yes | - |
| Open parking areas and common storage spaces | Yes | - |
| Provision for lodging of management staff and security staff | No | Not applicable |
| Water conservation and renewable energy | Yes | - |
Land and ownership
This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
Project account and cost
70 percent of buyer money must sit in the project account, so check that your agreement for sale names a designated account for this project and pay into that account only.
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | architectureRED |
| Engineer | Prasad Consultants |
Extensions applied for2
A revised date filed with the regulator does not change the possession date in your agreement for sale.
No reason recorded in the filing
Reason as filed by the promoterothers
Complaints filed with RERA Karnataka1
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CMP/220607/0009594 | - | ASSETZ BUILDWELL LLP | 07/06/2022 |
Documents filed84
As listed on the registration, under the names the promoter filed them with; the newest 80 of 84 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1251/446/PR/180406/001493 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Clarification LetterFile: Covering Letter.pdf | 12 Feb 2022 |
| Reply Documents of Change of Bank AccountFile: Documents -Reply to Notice for Change of Bank account.pdf | 12 Feb 2022 |
| covering LetterFile: Covering Letter.pdf | 14 Jan 2022 |
| Bank Account ClarificationFile: Bank Account Clarifiaction.pdf | 14 Jan 2022 |
| Covering LetterFile: Annexure 1-Covering Letter.pdf | 17 Dec 2021 |
| Change of Bank AccountFile: Annexure 2 -change of Bank account.pdf | 17 Dec 2021 |
| Number old Consent LetterFile: Annexure 4-Old 7 Consent Letter.pdf | 17 Dec 2021 |
| Number New Consent LetterFile: Annexure 3- New 5 Consent Letter.pdf | 17 Dec 2021 |
| Covering Letter -Clarification about Bank account and ConsentFile: Covering Letter.pdf | 12 Oct 2021 |
| Consent LetterFile: Consent Letter.pdf | 12 Oct 2021 |
| New consent LetterFile: New Consent Letter.pdf | 12 Oct 2021 |
| Acknowledgement of Change of Bank accountFile: Change Request for Bank account.pdf | 12 Oct 2021 |
| Covering Letter -ClarificationFile: Covering Letter -Clarification.pdf | 30 Sep 2021 |
| Request for Change of Bank AccountFile: Change Request for Bank account.pdf | 30 Sep 2021 |
| Commencement CertificateFile: Commencement Certificate.pdf | 30 Sep 2021 |
| Fire NOCFile: Fire NOC.pdf | 30 Sep 2021 |
| Covering Letter -Reasons for delay & Other ClarificationFile: Covering Letter -Reason for delay and other clarification.pdf | 25 Aug 2021 |
| Commencement CertificateFile: Commencement Certificate.pdf | 25 Aug 2021 |
| Consent LettersFile: Consent Letter.pdf | 25 Aug 2021 |
| AffidavitFile: Affidavit.pdf | 25 Aug 2021 |
| CertificateFile: 1 COI.pdf | - |
| Architect Certificate for Work Completion Schedule till DateFile: Annexure 1-Architech Certificate of Completion.pdf | - |
| Engineer Certificate for Work Completion Schedule till DateFile: Annexure 6 Engineer-Certificate of Work Completed.pdf | - |
| CA Certificate for Funds UtilizationFile: Annexure 4-CA Certificate of Fund Utilize.pdf | - |
| Architect Certificate for Pending Work Completion Schedule.File: Annexure 2-Architech Certificate of Pending.pdf | - |
| Engineer Certificate for Pending Work Completion Schedule.File: Annexure 5 -Engineer Certifcate of Work Pending.pdf | - |
| CA Certificate for Funds required for Project CompletionFile: Annexure 3-CA certificate of Funds Required.pdf | - |
| AffidavitFile: Annexure 8-Affidavit.pdf | - |
| Latest Encumbrance CertificateFile: Annexure 7-Latest EC.pdf | - |
| Relevant Document/sFile: Annexure 14-Delay Compansation.pdf | - |
| Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails.xlsx | - |
| Document 1File: Covering Letter -Reason for delay and other clarification.pdf | - |
| 9 Commencement Certificate BBMP License | - |
| 10 Approved Building Plan or Site plan | - |
| 11 Layout Plan | - |
| 21 Proforma for Sale Deed | - |
| 12 Proforma of Agreement for Sale | - |
| Assestz Sale Deed | - |
| 14 Section & Floor Plan | - |
| 15 Area Development Plan Of Project Area | - |
| 16 Proforma of Allotment Letter | - |
| 17 Brochure | - |
| 19 Specifications | - |
| 8 ECs | - |
| Khata in the name of Sudipto Das | - |
| 23 JDA | - |
| Title report from Lex Plexus | - |
| AAI | - |
| BESCOM | - |
| BWSSB | - |
| KSPCB (CFE) | - |
| BSNL | - |
| 11 Layout Plan | - |
| Section_Plan | - |
| Change of Land Use | - |
| Balance Sheet 2016 - 2017File: 1C Statement of Asset & Liabilities 2016 17.pdf | - |
| Balance Sheet 2015 - 2016File: 1B Statement of Asset & Liabilities 2015 16.pdf | - |
| Balance Sheet 2014 - 2015File: 1A Statement of Asset & Liabilities 2014 15.pdf | - |
| Audited Profit and Loss Statement 2016 - 2017File: 2C Statemnet of Profit & Loss Account 2016 17.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: 2B Statemnet of Profit & Loss Account 2015 16.pdf | - |
| Audited Profit and Loss Statement 2014 - 2015File: 2A Statemnet of Profit & Loss Account 2014 15.pdf | - |
| Director's Report 2016 - 2017File: 3 DIRECTOR REPORT.pdf | - |
| Director's Report 2015 - 2016File: 3 DIRECTOR REPORT.pdf | - |
| Director's Report 2014 - 2015File: 3 DIRECTOR REPORT.pdf | - |
| Cash Flow Statement 2016 - 2017File: 4 Cash Flow.pdf | - |
| Cash Flow Statement 2015 - 2016File: 4 Cash Flow.pdf | - |
| Auditor's Report 2016 - 2017File: 5C Auditors Report 2016-17.pdf | - |
| Auditor's Report 2015 - 2016File: 5B Auditors Report 2015-16.pdf | - |
| Auditor's Report 2014 - 2015File: 5A Auditors Report 2014-15.pdf | - |
| Income Tax Return Acknowledgement 2016 - 2017File: 6C ITR AY 2016 17.PDF | - |
| Income Tax Return Acknowledgement 2015 - 2016File: 6B ITR AY 2015 16.pdf | - |
| Income Tax Return Acknowledgement 2014 - 2015File: 6A ITR AY 2014 15.pdf | - |
| Form_B | - |
| Prospectus/BrochureFile: 2. 63 east, S&S, H&N and 38 banyan.pdf | - |
| Advertisement Copy 1File: 2. 63 east, S&S, H&N and 38 banyan.pdf | - |
| Tower Excel SheetFile: PRM_KA_RERA_1251_446_PR_180406_001493.xlsx | - |
| Loan raised documentFile: Assetz Buildwell LLP-Closure letter.pdf | - |
| NOC issued by the Fire Force department after completion of workFile: Fire.pdf | - |
| Occupancy CertificateFile: Occupancy Certificate.pdf | - |
| Consent for operation issued by KSPCBFile: KSPCB.pdf | - |
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Builder: ASSETZ BUILDWELL LLP
ASSETZ BUILDWELL LLP has 1 registration on RERA Karnataka, including 38 & Banyan. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Bengaluru Urban district page.
Frequently asked questions
What are my rights if 38 & Banyan is delayed beyond 30 Mar 2022?
Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, at the rate the state's RERA rules prescribe, or exit and claim a full refund with interest. Claims are filed as complaints with RERA Karnataka.
How do I verify and contact the developer of 38 & Banyan?
The registered promoter entity is ASSETZ BUILDWELL LLP. Neither this filing nor this promoter's other RERA Karnataka registrations disclose a CIN, LLPIN or GSTIN for this entity. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's RERA Karnataka listing and in its filed documents.
Is my payment protected in 38 & Banyan?
Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.
How do I read the complaint cases filed against 38 & Banyan?
Each case number above is a complaint filed with RERA Karnataka. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.
Who certifies construction progress at 38 & Banyan?
The professionals named in the filing: Architect: architectureRED; Engineer: Prasad Consultants. Their certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.
What should I check before booking in 38 & Banyan?
Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area; that the agreement follows the model agreement under the state's RERA rules, with deviations highlighted; the promoter's record on their other projects, not just this one; why the completion date was revised and what the new timeline depends on.
Spotted something wrong on this page, or want to tell us what would make it more useful? Every page here is built from what the promoter filed on RERA Karnataka, and we read every report.
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