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Registration approved Plotted Development project

ARANYA FARMS

By LAXM ISAI INVESTMENTS

RG-KA-07356 · RERA PRM/KA/RERA/1259/410/PR/180227/001124

Source: official RERA Karnataka filing

Red flags

  • Completion date moved by 21 months
  • 2 extensions taken

Clear

  • No complaints on record
  • Separate project account declared
Dec 2022Possession promisedmoved 21 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 64 documents Report an error

ARANYA FARMS is a Plotted Development project by LAXM ISAI INVESTMENTS in Dharwad, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1259/410/PR/180227/001124 on 27 Feb 2018. Possession is promised by 30 Dec 2022. The completion date has moved by 21 months from the original filing.

At a glance

Project

  • NameARANYA FARMS
  • TypePlotted Development
  • Location
    • Dharwad
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1259/410/PR/180227/001124
  • ReraGenie IDRG-KA-07356

Builder

  • NameLAXM ISAI INVESTMENTS
  • Entity typePartnership Firm
  • Authorized SignatoryJAYARAM S SHETTY
  • Declared earlier projects1 →

Key dates

this monthRegisteredFeb 2018First promiseMar 2021Revised toDec 2022

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on27 Feb 2018
  • Promised completion30 Dec 2022
  • Revised completionRevised to 30 Dec 2022 (originally 31 Mar 2021)
  • BuildingsNot stated in filing
  • Documents filed64 files

The full filing

Everything below is from the project's own RERA Karnataka filing, free to read.

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.

Land area154,038 sq m
Named landownersNone

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.

Separate project accountDeclared
Estimated costRs 10.16 cr

Extensions applied for2

A revised date filed with the regulator does not change the possession date in your agreement for sale.

ExtensionMar 2021 → Dec 2021

No reason recorded in the filing

EX/PRM/KA/RERA/1259/410/PR/230606/001124Dec 2021 → Dec 2022

Reason as filed by the promoterActivities undertaken by BMRDA, BBPM, BESCOM etc. leading to delay in construction

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed64

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/1259/410/PR/180227/001124 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: 20170731_110453.jpg-
CA Certificate for Funds UtilizationFile: LSI Fund Utilisation_compressed.pdf-
CA Certificate for Funds required for Project CompletionFile: LSI Fund Requirement_compressed.pdf-
AffidavitFile: arayna farms extension affidivate.pdf-
Latest Encumbrance CertificateFile: aranya farms ec LATEST.pdf-
Consent letter from 2/3rd of AllotteesFile: NOC from Allottees_compressed (1).pdf-
Details Of Sold/ Un-sold UnitsFile: SOLD UNSOLD DETAILS_compressed.pdf-
VAROOR COVERING LETTER-
Temp00002-
Temp00002-
VAROOR AGREEMENT-
VAROOR AGREEMENT-
OWNER SALE DEED VAROOR-
Temp00002-
Temp00002-
VAROOR AGREEMENT-
IMG-20170805-WA0002-
VAROOR COVERING LETTER-
20170804_181311 (1)-
VAROOR EC-
20170731_172306-
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Balance Sheet 2015 - 2016File: B S 2015-16.pdf-
Balance Sheet 2014 - 2015File: B S 2014-15.pdf-
Balance Sheet 2013 - 2014File: B S 2013-14.pdf-
Audited Profit and Loss Statement 2015 - 2016File: P&L 2015-16.pdf-
Audited Profit and Loss Statement 2014 - 2015File: P&L 2014-15.pdf-
Audited Profit and Loss Statement 2013 - 2014File: P&L 2013-14.pdf-
Director's Report 2015 - 2016File: 3CB AND 3CD 2015-16.pdf-
Director's Report 2014 - 2015File: 3CB AND 3CD 2014-15.pdf-
Director's Report 2013 - 2014File: 3CB AND 3CD 2013-14.pdf-
Cash Flow Statement 2015 - 2016File: B S 2015-16.pdf-
Cash Flow Statement 2014 - 2015File: B S 2014-15.pdf-
Auditor's Report 2015 - 2016File: 3CB AND 3CD 2015-16.pdf-
Auditor's Report 2014 - 2015File: 3CB AND 3CD 2014-15.pdf-
Auditor's Report 2013 - 2014File: 3CB AND 3CD 2013-14.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: ITR - V 2015-16.pdf-
Income Tax Return Acknowledgement 2014 - 2015File: ITR-V 2014-15.pdf-
Income Tax Return Acknowledgement 2013 - 2014File: ITR - V 2013-14.pdf-
RERA AFFILDAVIT VAROOR-
Plot Excel SheetFile: PRM_KA_RERA_1259_410_PR_180227_001124.xlsx-

Promoter's earlier projects1

As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.

1 declared completed, no finish date filed
ProjectLocationStatusPromisedDelivered
LAXMI SAI PARK-CompletedAug 2017No date filed

How this compares with Dharwad

29%of Dharwad projects moved their completion datethis one moved by 21 months
0%of Dharwad registrations are shown as withdrawn or revokedthis one is not

Computed across the 250+ Dharwad projects on ReraGenie, from their own filings.

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Builder: LAXM ISAI INVESTMENTS

LAXM ISAI INVESTMENTS has 1 registration on RERA Karnataka, including ARANYA FARMS. Its filings declare 1 earlier project, 1 of them declared completed. Read the full track record. See more projects on the Dharwad district page.

Frequently asked questions

What are my rights if ARANYA FARMS is delayed beyond 30 Dec 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 ARANYA FARMS?

The registered promoter entity is LAXM ISAI INVESTMENTS, 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 ARANYA FARMS?

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.

What should I check before booking in ARANYA FARMS?

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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About ARANYA FARMS. Everything on this page comes from what the promoter filed on RERA Karnataka, so if a fact looks wrong it helps to say which one.

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