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Registration approved Plotted Development project

Asset Arcadia

By CoEvolve Estates Pvt. Ltd. (formerly Asset Handlers Pvt. Ltd.)

RG-KA-09945 · RERA PRM/KA/RERA/1251/308/PR/180319/001197

Source: official RERA Karnataka filing

Red flags

  • 1 complaint at RERA Karnataka
  • Completion date moved by 12 months
  • 1 extension taken

Clear

  • Separate project account declared
Sep 2019Possession promisedmoved 12 months from the original
1Complaints at RERA Karnatakaon this registration
Jump to the 64 documents Report an error

Asset Arcadia is a Plotted Development project by CoEvolve Estates Pvt. Ltd. (formerly Asset Handlers Pvt. Ltd.) in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/308/PR/180319/001197 on 19 Mar 2018. Possession is promised by 30 Sep 2019. The completion date has moved by 12 months from the original filing. 1 complaint is on record with the regulator.

At a glance

Project

  • NameAsset Arcadia
  • TypePlotted Development
  • Location
    • Anekal
    • Bengaluru Urban
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1251/308/PR/180319/001197
  • ReraGenie IDRG-KA-09945

Builder

  • NameCoEvolve Estates Pvt. Ltd. (formerly Asset Handlers Pvt. Ltd.)
  • Entity typeCompany
  • CINU07010KA2005PTC036911
  • Authorized SignatorySuhail Rahman
  • OthersV Ramakrishnan
  • Other registrations1 more →

Key dates

this monthRegisteredMar 2018First promiseSep 2018Revised toSep 2019

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on19 Mar 2018
  • Promised completion30 Sep 2019
  • Revised completionRevised to 30 Sep 2019 (originally 30 Sep 2018)
  • 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 area60,500 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 15.00 cr

Extensions applied for1

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

EX/PRM/KA/RERA/1251/308/PR/220613/001197Sep 2018 → Sep 2019

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

Complaints filed with RERA Karnataka1

Case no.ComplainantRespondentFiled
00387/2023-CoEvolve Estates Pvt. Ltd. (formerly Asset Handlers Pvt. Ltd.)30/03/2023

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/1251/308/PR/180319/001197 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: Reg Certifcate.pdf-
Architect Certificate for Work Completion Schedule till DateFile: Arc Word done.pdf-
Engineer Certificate for Work Completion Schedule till DateFile: Eng Work done.pdf-
CA Certificate for Funds UtilizationFile: CA Fund used.pdf-
Architect Certificate for Pending Work Completion Schedule.File: Arc Work pending_compressed.pdf-
Engineer Certificate for Pending Work Completion Schedule.File: Eng Work Pending.pdf-
CA Certificate for Funds required for Project CompletionFile: CA Funds Required.pdf-
AffidavitFile: Affidavit.pdf-
Latest Encumbrance CertificateFile: EC_reduce.pdf-
Consent letter from 2/3rd of AllotteesFile: Consent For Extension In Time For Asset Arcadia (1).pdf-
Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails (1).xlsx-
Document 1-
Site Relase letter-ilovepdf-compressed-
Arcadia Sanction scan copy 21-04-15-
Legible Copy of Aproval Plan-
Arcadia Saledeed Master (4)-
000 Agrmt to Sell 20170504 Arcadia-
Arcadia FF Legal-
Arcadia Sanction scan copy 21-04-15-
Arcadia Sanction scan copy 21-04-15-
Allotment Letter-
arcadia e-brochure-
NOC-ilovepdf-compressed (1)-
CoEvolve Arcadia Spec-
EC-
Katha-
Joint Development c-
Coversion order-
Joint Developmentcompressed (1)-
Unnamed document-
Balance Sheet 2015 - 2016File: balance sheet 2016 .jpg-
Balance Sheet 2014 - 2015File: balance sheet 2015 .jpg-
Balance Sheet 2013 - 2014File: balance sheet 2014 .jpg-
Audited Profit and Loss Statement 2015 - 2016File: audited profit and loss 2016 .jpg-
Audited Profit and Loss Statement 2014 - 2015File: audited profit and loss 2015 .jpg-
Audited Profit and Loss Statement 2013 - 2014File: audited profit and loss 2014 .jpg-
Director's Report 2015 - 2016File: Directors Report 2015-16.pdf-
Director's Report 2014 - 2015File: Director's Report 2014-15.pdf-
Director's Report 2013 - 2014File: Director's Report 2013-14.pdf-
Cash Flow Statement 2015 - 2016File: CASH FLOW STATEMENT-2016 .jpg-
Cash Flow Statement 2014 - 2015File: CASH FLOW STATEMENT-2015.jpg-
Auditor's Report 2015 - 2016File: Audit report 2016 .jpg-
Auditor's Report 2014 - 2015File: Audit report 2015 .jpg-
Auditor's Report 2013 - 2014File: Audit report 2014 .jpg-
Income Tax Return Acknowledgement 2015 - 2016File: income tax return acknowlegement 2016 .jpg-
Income Tax Return Acknowledgement 2014 - 2015File: income tax return acknowlegement 2015 .jpg-
Income Tax Return Acknowledgement 2013 - 2014File: income tax return acknowlegement 2014 .jpg-
Form B-ilovepdf-compressed-
Prospectus/BrochureFile: Arcadia Bro.pdf-
Advertisement Copy 1File: Arcadia Adv.pdf-
Plot Excel SheetFile: PRM_KA_RERA_1251_308_PR_180319_001197.xlsx-
Final plan technical sanction LetterFile: PLA.jpg-
Completion CertificateFile: Final Release Order.pdf-
Site release order Copies(1st,2nd phase and final release order)File: Final Release Order.pdf-
Relinquishment deed executed handed over detailsFile: Relinquishment deed.pdf-
Certificate issued by P.W.D/ Panchayath Raj/Urban Local Bodies for completion of RoadFile: Final Release Order.pdf-
Certificate issued by the Karnataka Urban Water supplyFile: ARC.pdf-
Certificate issued by the concerned power supply(ESCOM'S)File: Arcadia BESCOM Final NOC.pdf-
Certificate issued by KSPCB, consent for operation of STP plantFile: KSPCB NOC 1.pdf-
Brief description of Water supply and Underground drainage worksFile: Sale deed_compressed (1).pdf-
Whether the transformer has been erected within layout and copy of power sanctioned to the layout issued by ESFile: Final Release Order.pdf-
Chartered Accountant Certificate (Form-4)File: completion_Form4 (2)_compressed.pdf-
Architect's Certificate (Form-5)File: ARC.pdf-
Affidavit from Promoter for completing project as per advertisement published in brochure and as per project sFile: Sale deed_compressed (1).pdf-

How this compares with Bengaluru Urban

34%of Bengaluru Urban projects moved their completion datethis one moved by 12 months
1%of Bengaluru Urban registrations are shown as withdrawn or revokedthis one is not

Computed across the 4,100+ Bengaluru Urban projects on ReraGenie, from their own filings.

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Builder: CoEvolve Estates Pvt. Ltd. (formerly Asset Handlers Pvt. Ltd.)

CoEvolve Estates Pvt. Ltd. (formerly Asset Handlers Pvt. Ltd.) has 2 registrations on RERA Karnataka, including Asset Arcadia and CoEvolve Northern Star. 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 Asset Arcadia is delayed beyond 30 Sep 2019?

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 Asset Arcadia?

The registered promoter entity is CoEvolve Estates Pvt. Ltd. (formerly Asset Handlers Pvt. Ltd.), a company as per the filing. Its CIN U07010KA2005PTC036911 can be cross-checked on the MCA and GST portals. 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 Asset Arcadia?

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 Asset Arcadia?

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.

What should I check before booking in Asset Arcadia?

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 Asset Arcadia. 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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