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AERO EXOTIC
RG-KA-05138 · RERA PRM/KA/RERA/1250/303/PR/260523/005944 · Last updated on RERA Karnataka portal: 16 May 2023
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
Saved.
AERO EXOTIC is a Plotted Development project by LOTUS ENCLAVE in Bengaluru Rural, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1250/303/PR/260523/005944 on 26 May 2023. Possession is promised by 15 Dec 2023.
At a glance
Project
- NameAERO EXOTIC
- TypePlotted Development
- Location
- Devanahalli
- Bengaluru Rural
- PincodeNot stated
- RERA no.PRM/KA/RERA/1250/303/PR/260523/005944
- ReraGenie IDRG-KA-05138
Builder
- NameLOTUS ENCLAVE
- Entity typePartnership Firm
- Authorized SignatoryMURAMREDDY DAYAKAR REDDY
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on26 May 2023
- Promised completion15 Dec 2023
- Revised completionNone
- BuildingsNot stated in filing
- Documents filed111 files
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Land and ownership1
This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| MUNIRAJU. N | - | - |
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.
| Cost line | Estimated | Incurred |
|---|---|---|
| Estimated Cost of Construction as certified by Engineer | Rs 2.50 cr | - |
| On-site expenditure-Site Overhead | Rs 10.00 lakh | - |
| On-site expenditure-Consultants Fees | Rs 6.00 lakh | - |
| Principal sum and interest payable to financial institutions-Non Banking financial institution (NBFC) | Rs 6.00 lakh | - |
| Payment of taxes | Rs 2.00 lakh | - |
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Engineer | Vishnu Kumar |
| Chartered Accountant | Mahaveer Jain |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed111
As listed on the registration, under the names the promoter filed them with; the newest 80 of 111 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1250/303/PR/260523/005944 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| CA LicenseFile: CA License.pdf | 16 May 2023 |
| Form 1 New RERA Lotus EnclaveFile: Form 1 New RERA Lotus Enclave.pdf | 16 May 2023 |
| Bank Confirmation LetterFile: Bank Confirmation Letter.jpeg | 16 May 2023 |
| Lotus Enclave FY 2021-22File: Lotus Enclave FY 2021-22.pdf | 16 May 2023 |
| Lotus Enclave 2020-21File: Lotus Enclave 2020-21.pdf | 16 May 2023 |
| Lotus Enclave FY 2019-20File: Lotus Enclave FY 2019-20.pdf | 16 May 2023 |
| Clarification on Relinquishment DeedFile: Clarification on Relinquishment Deed.pdf | 16 May 2023 |
| Plan Approval LetterFile: Plan Approval Letter.pdf | 16 May 2023 |
| Form 2 Engineer CertificateFile: Form 2 Engineer Certificate.pdf | 16 May 2023 |
| Form 3 Engineer CertificateFile: Form 3 Engineer Certificate.pdf | 16 May 2023 |
| Architech LicenseFile: Archi License.pdf | 16 May 2023 |
| CE LicenseFile: CE License.pdf | 16 May 2023 |
| Estimation Breakup Cost of ConstructionFile: Estimation Breakup Cost of Construction.jpeg | 16 May 2023 |
| Source of Funds Aero ExoticFile: Source of Funds Aero Exotic.pdf | 16 May 2023 |
| Grant certificate of RayasandraFile: 1 Grant certificate of Rayasandra.pdf | 7 Apr 2023 |
| Phodi DocumentFile: 3 Phodi Document.jpeg | 7 Apr 2023 |
| Relinquishment deedFile: 4 Relinquishment deed.pdf | 7 Apr 2023 |
| AkarbandFile: 5 Akarband.pdf | 7 Apr 2023 |
| ADLR sketchFile: 6 ADLR sketch.pdf | 7 Apr 2023 |
| JDA AffidavitFile: 7 JDA Affidavit.pdf | 7 Apr 2023 |
| Non-Litigation AffidavitFile: 8 Non-Litigation Affidavit.pdf | 7 Apr 2023 |
| Guidelines ValueFile: 9 Guidelines Value.pdf | 7 Apr 2023 |
| Legal opinion aero exoticFile: 10 Legal opinion aero exotic.pdf | 7 Apr 2023 |
| Land conversion OrderFile: 11 Land conversion Order.pdf | 7 Apr 2023 |
| BESCOM NOC with fee paid receiptFile: 1 BESCOM NOC with fee paid receipt.pdf | 7 Apr 2023 |
| Horticulture NOCFile: 2 Horticulture NOC.pdf | 7 Apr 2023 |
| Project SpecificationFile: 3 Project Specification.jpeg | 7 Apr 2023 |
| UGD DemarcationFile: 4 UGD Demarcation.pdf | 7 Apr 2023 |
| Approved layout PlanFile: 5 Approved layout Plan.pdf | 7 Apr 2023 |
| Village Map DemarcationFile: 6 Village Map Demarcation.pdf | 7 Apr 2023 |
| Plan Approval LetterFile: 7 Plan Approval Letter.pdf | 7 Apr 2023 |
| Proforma Allotment LetterFile: Proforma Allotment Letter.pdf | 7 Apr 2023 |
| Agreement of Sale ProformaFile: Agreement of Sale Proforma.pdf | 7 Apr 2023 |
| CA LicenseFile: CA License.pdf | 7 Apr 2023 |
| Engineer LicenseFile: CE License.pdf | 7 Apr 2023 |
| RTC, survey 99 | - |
| Mutation, survey 99 | - |
| Encumbrance Certificate, survey 99 | - |
| Conversion/Alienation Order, survey 99 | - |
| JDA, survey 99 | - |
| Khatha, survey 99 | - |
| Registration CertificateFile: Firm Reg Certificate_Lotus enclave.pdf | - |
| Partnership DeedFile: Firm Reg Certificate_Lotus enclave.pdf | - |
| Partner Details | - |
| Partner Details | - |
| Partner Details | - |
| Certificate issued by CA Form 1File: Form 1 New RERA Lotus Enclave.pdf | - |
| Certificate issued by Engineer Form 3File: Form 3 Engineer Certificate.pdf | - |
| Project Chartered Accountant | - |
| Project Engineer | - |
| AffidavitFile: Affidivat_Non Litigation.pdf | - |
| Certificate from Chartered AccountFile: Form 1 New RERA Lotus Enclave.pdf | - |
| Certificate issued by ArchitectFile: Form 2 Engineer Certificate.pdf | - |
| Balance Sheet 2021 - 2022File: Lotus Enclave FY 2021-22.pdf | - |
| Balance Sheet 2020 - 2021File: Lotus Enclave 2020-21.pdf | - |
| Balance Sheet 2019 - 2020File: Lotus Enclave FY 2019-20.pdf | - |
| Audited Profit and Loss Statement 2021 - 2022File: Lotus Enclave FY 2021-22.pdf | - |
| Audited Profit and Loss Statement 2020 - 2021File: Lotus Enclave 2020-21.pdf | - |
| Audited Profit and Loss Statement 2019 - 2020File: Lotus Enclave FY 2019-20.pdf | - |
| Director's Report 2021 - 2022File: Lotus Enclave FY 2021-22.pdf | - |
| Director's Report 2020 - 2021File: Lotus Enclave 2020-21.pdf | - |
| Director's Report 2019 - 2020File: Lotus Enclave FY 2019-20.pdf | - |
| Cash Flow Statement 2021 - 2022File: Lotus Enclave FY 2021-22.pdf | - |
| Cash Flow Statement 2020 - 2021File: Lotus Enclave 2020-21.pdf | - |
| Auditor's Report 2021 - 2022File: Lotus Enclave FY 2021-22.pdf | - |
| Auditor's Report 2020 - 2021File: Lotus Enclave 2020-21.pdf | - |
| Auditor's Report 2019 - 2020File: Lotus Enclave FY 2019-20.pdf | - |
| Income Tax Return Acknowledgement 2021 - 2022File: Lotus Enclave FY 2021-22.pdf | - |
| Income Tax Return Acknowledgement 2020 - 2021File: Lotus Enclave 2020-21.pdf | - |
| Income Tax Return Acknowledgement 2019 - 2020File: Lotus Enclave FY 2019-20.pdf | - |
| Plan Approval Letter_CC | - |
| BESCOM_NOC | - |
| Water Supply_NOC | - |
| Approved layout Plan | - |
| Approved layout Plan | - |
| Approved layout Plan | - |
| Approved layout Plan | - |
| Approved layout Plan | - |
| Approved layout Plan | - |
| GPA _Sy 99 RAYASADRA | - |
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Builder: LOTUS ENCLAVE
LOTUS ENCLAVE has 1 registration on RERA Karnataka, including AERO EXOTIC. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Bengaluru Rural district page.
Frequently asked questions
What are my rights if AERO EXOTIC is delayed beyond 15 Dec 2023?
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 AERO EXOTIC?
The registered promoter entity is LOTUS ENCLAVE, a partnership firm as per the filing. 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 AERO EXOTIC?
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.
Who certifies construction progress at AERO EXOTIC?
The professionals named in the filing: Engineer: Vishnu Kumar; Chartered Accountant: Mahaveer Jain. 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 AERO EXOTIC?
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; whether construction progress keeps pace with sales in the coming quarters.
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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