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B.M.MAGNOLIA PARK
RG-KA-86023 · RERA PRM/KA/RERA/1251/446/PR/180120/001680
Source: official RERA Karnataka filing
Red flags
- 6 complaints at RERA Karnataka
Clear
- Completion date never moved
- Separate project account declared
Saved.
B.M.MAGNOLIA PARK is a Residential/Group Housing project by B.M.DEVELOPERS in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/446/PR/180120/001680 on 20 Jan 2018. Possession is promised by 31 Dec 2018. 6 complaints are on record with the regulator.
At a glance
Project
- NameB.M.MAGNOLIA PARK
- TypeResidential/Group Housing
- Location
- Bengaluru East
- Bengaluru Urban
- PincodeNot stated
- RERA no.PRM/KA/RERA/1251/446/PR/180120/001680
- ReraGenie IDRG-KA-86023
Builder
- NameB.M.DEVELOPERS
- Entity typePartnership Firm
- Authorized SignatoryP.GAJENDRA
- Other registrations1 more →
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on20 Jan 2018
- Promised completion31 Dec 2018
- Revised completionNone
- Buildings2 building records
- Documents filed8 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| ASPEN | - | - | - | 215 | 0 | 215 |
| CEDAR | - | - | - | 310 | 0 | 310 |
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.
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.
Complaints filed with RERA Karnataka6
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CMP/220314/0009120 | - | B.M.DEVELOPERS | 14/03/2022 |
| CMP/220321/0009170 | - | B.M.DEVELOPERS | 21/03/2022 |
| CMP/220321/0009171 | - | B.M.DEVELOPERS | 21/03/2022 |
| 01048/2023 | - | B.M.DEVELOPERS | 03/07/2023 |
| 01230/2023 | - | B.M.DEVELOPERS | 08/08/2023 |
| 01523/2023 | - | B.M.DEVELOPERS | 04/10/2023 |
Documents filed8
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/1251/446/PR/180120/001680 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| CertificateFile: Reg Certificate.jpeg | - |
| Plan - BM Magnolia Park -- | - |
| Encumberance Certi | - |
| Katha and Certificate | - |
| JDA | - |
| Conversion Order | - |
| Prospectus/BrochureFile: Magnolia Park Brochure.pdf | - |
| Advertisement Copy 1File: Magnolia Park Brochure.pdf | - |
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Builder: B.M.DEVELOPERS
B.M.DEVELOPERS has 2 registrations on RERA Karnataka, including B.M.MAGNOLIA PARK and BM PRISTINE. 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 B.M.MAGNOLIA PARK is delayed beyond 31 Dec 2018?
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 B.M.MAGNOLIA PARK?
The registered promoter entity is B.M.DEVELOPERS, 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 B.M.MAGNOLIA PARK?
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 B.M.MAGNOLIA PARK?
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 B.M.MAGNOLIA PARK?
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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