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AKSHAY ARCADE
RG-KA-45322 · RERA PRM/KA/RERA/1274/352/PR/201222/003762 · Last updated on RERA Karnataka portal: 11 Dec 2020
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No complaints on record
- Completion date never moved
- Separate project account declared
Saved.
AKSHAY ARCADE is a Commercial project by Preetipal Appanna Malgi in Uttara Kannada, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1274/352/PR/201222/003762 on 22 Dec 2020. Possession is promised by 31 Mar 2021.
At a glance
Project
- NameAKSHAY ARCADE
- TypeCommercial
- Location
- Sirsi
- Uttara Kannada
- PincodeNot stated
- RERA no.PRM/KA/RERA/1274/352/PR/201222/003762
- ReraGenie IDRG-KA-45322
Builder
- NamePreetipal Appanna Malgi
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on22 Dec 2020
- Promised completion31 Mar 2021
- Revised completionNone
- Buildings1 building record
- Documents filed55 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| AKSHAY ARCADE | - | - | - | 0 | 6 | 6 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
As on 11 Dec 2020, 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 | - |
| 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 | - |
| Basic work of Water supply, Sanitary and Electrification | - |
| Dadoing, Skirting, Flooring, Tiles work (All types) | - |
| Railing and Grill fixing | - |
| Electrification, Water supply and Sanitary Finishing | - |
| Wardrobe, Showcase, Kitchen cabinet, Puja work | Not applicable |
| Fire prevention and fire fighting fitting and fixture with network | Not applicable |
| Weather Proof work(tile,concrete) | - |
| Painting | - |
| Elevation work | - |
| Internal and External work including landscapes as per santioned drawings | Not applicable |
Progress on shared amenities41
As on 11 Dec 2020, 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 | No | Not applicable |
| Provision for community buildings and for treatment and disposal of sewage and sullage water | No | Not applicable |
| Solid waste management and disposal | No | Not applicable |
| Water conservation | No | Not applicable |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Education/Health/Other public amenities | No | Not applicable |
| Electricity supply transformer and substation | Yes | - |
| Emergency Evacuation services | No | Not applicable |
| Storm water drains | No | Not applicable |
| Use of renewable energy | No | Not applicable |
| Water conservation/rain water harvesting/recharge of ground water | Yes | - |
| Electricity | Yes | - |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | Yes | - |
| Club House | No | Not applicable |
| Community Hall | No | Not applicable |
| Outdoor Sports facility | No | Not applicable |
| Indoor Sports facility | No | Not applicable |
| Swimming Pool | No | Not applicable |
| Gym | No | Not applicable |
| Parks | No | Not applicable |
| Power Backup | No | Not applicable |
| Gas | No | Not applicable |
| 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 | No | Not applicable |
| 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 | Yes | - |
| Water conservation and renewable energy | No | Not applicable |
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 |
|---|---|---|
| Preetipal Appanna Malgi | - | - |
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 | Praveen Nayak |
| Engineer | Arun Nayak |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed55
As listed on the registration, under the names the promoter filed them with. The files themselves are available at source: search the registration number PRM/KA/RERA/1274/352/PR/201222/003762 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Bank StatementFile: Bank Statement.pdf | 11 Dec 2020 |
| Affidavit with release OrderFile: Affidavit with Release Order.pdf | 11 Dec 2020 |
| Audited Profit and Loss, Balance sheet, IT return for the year 2018-19File: 2018-19.pdf | 9 Dec 2020 |
| Audited Profit and Loss, Balance Sheet, IT return for the year 2019-20File: 2019-20.pdf | 9 Dec 2020 |
| Plan Approval Letter | - |
| Approved Plan | - |
| Approved Plan | - |
| Sale Deed | - |
| Approved Plan | - |
| specification | - |
| Encumbrance certificateo | - |
| Sec 3(1) Non Violation Affidavit | - |
| Khatha | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| NOC-HESCOM | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Approved Plan | - |
| specification | - |
| Unnamed document | - |
| Balance Sheet 2019 - 2020File: Balance Sheet 2018-19.pdf | - |
| Balance Sheet 2018 - 2019File: Balance Sheet 2017-18.pdf | - |
| Balance Sheet 2017 - 2018File: Balance Sheet 2016-17.pdf | - |
| Audited Profit and Loss Statement 2019 - 2020File: Profit&loss 2018-19.pdf | - |
| Audited Profit and Loss Statement 2018 - 2019File: profit & loss 2017-18.pdf | - |
| Audited Profit and Loss Statement 2017 - 2018File: PROFIT& LOSS 2016-17.pdf | - |
| Income Tax Return Acknowledgement 2019 - 2020File: IT Return 2018-19.pdf | - |
| Income Tax Return Acknowledgement 2018 - 2019File: IT Return 2017-18.pdf | - |
| Income Tax Return Acknowledgement 2017 - 2018File: IT Return 2016-17.pdf | - |
| Form Bc | - |
| Tower Excel SheetFile: PRMKARERA1274352PR201222003762.xlsx | - |
| Occupancy CertificateFile: Occupency Certificate.pdf | - |
| Sanctioned Letter issued by concerned ESCOM of Power sanction and details of transformer installed and whetherFile: Electricity NOC.pdf | - |
| Architect certificate for having completed the work(in format no 5)File: Form 5 Architect Certificate Closure.pdf | - |
| Chartered Accountant certificate for having completed the work(in format no 4)File: Form 4 CC.pdf | - |
| Affidavit cum declaration from promoter for having completed the project as per specification and as per adverFile: Closure Affidavit.pdf | - |
| Form 6 Engineer Certificate ClosureFile: Form 6 Engineer Certificate Closure.pdf | - |
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Builder: Preetipal Appanna Malgi
Preetipal Appanna Malgi has 1 registration on RERA Karnataka, including AKSHAY ARCADE. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Uttara Kannada district page.
Frequently asked questions
What are my rights if AKSHAY ARCADE is delayed beyond 31 Mar 2021?
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 AKSHAY ARCADE?
The registered promoter entity is Preetipal Appanna Malgi. 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 AKSHAY ARCADE?
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 AKSHAY ARCADE?
The professionals named in the filing: Architect: Praveen Nayak; Engineer: Arun Nayak. 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 AKSHAY ARCADE?
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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