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BANAGAR LAYOUT PHASE 2
By BANAGAR CONSTRUCTIONS & BUILDERS
RG-KA-12257 · RERA PRM/KA/RERA/1259/410/PR/180507/001649
Source: official RERA Karnataka filing
Red flags
- Completion date moved by 9 months
- 1 extension taken
Clear
- No complaints on record
- Separate project account declared
Saved.
BANAGAR LAYOUT PHASE 2 is a Plotted Development project by BANAGAR CONSTRUCTIONS & BUILDERS in Dharwad, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1259/410/PR/180507/001649 on 7 May 2018. Possession is promised by 1 Sep 2021. The completion date has moved by 9 months from the original filing.
At a glance
Project
- NameBANAGAR LAYOUT PHASE 2
- TypePlotted Development
- Location
- Dharwad
- PincodeNot stated
- RERA no.PRM/KA/RERA/1259/410/PR/180507/001649
- ReraGenie IDRG-KA-12257
Builder
- NameBANAGAR CONSTRUCTIONS & BUILDERS
- Entity typePartnership Firm
- Authorized SignatoryLOKESH BASAPPA BANAGAR
- OthersBASAPPA TOTAPPA BANAGAR, MAHESH BASAPPA BANAGAR, SAVITA MAHESH BANAGAR, MANJULA BASAPPA BANAGAR, PUSHPA LOKESH BANAGAR
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on7 May 2018
- Promised completion1 Sep 2021
- Revised completionRevised to 1 Sep 2021 (originally 1 Dec 2020)
- BuildingsNot stated in filing
- Documents filed21 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.
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.
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
No reason recorded in the filing
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed21
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/180507/001649 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: CCI02192018.jpg | - |
| 19-04-2018 | - |
| Doct no 9395 copy | - |
| Mallu B 2 | - |
| Mallu B 1 | - |
| Deputy commissioner copy | - |
| broucher 040318 | - |
| Deputy commissioner copy | - |
| CCI02202018 | - |
| Mallu B 2 | - |
| 339 banagar | - |
| anubhand 5 copy | - |
| Balance Sheet 2016 - 2017File: Income tax 17-18 copy.jpg | - |
| Balance Sheet 2015 - 2016File: Income tax 16-17 copy.jpg | - |
| Audited Profit and Loss Statement 2016 - 2017File: profit and loss 16-17.jpg | - |
| Audited Profit and Loss Statement 2015 - 2016File: PROFIT AND LOSS 15-16.jpg | - |
| Income Tax Return Acknowledgement 2016 - 2017File: ITR 16-17.jpg | - |
| Income Tax Return Acknowledgement 2015 - 2016File: ITR 15-16.jpg | - |
| Prospectus/BrochureFile: banagar broucher.jpg | - |
| Advertisement Copy 1File: NO ADVERTISEMENT.docx | - |
| Plot Excel SheetFile: banagar construction and builders.xlsx | - |
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Builder: BANAGAR CONSTRUCTIONS & BUILDERS
BANAGAR CONSTRUCTIONS & BUILDERS has 1 registration on RERA Karnataka, including BANAGAR LAYOUT PHASE 2. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Dharwad district page.
Frequently asked questions
What are my rights if BANAGAR LAYOUT PHASE 2 is delayed beyond 1 Sep 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 BANAGAR LAYOUT PHASE 2?
The registered promoter entity is BANAGAR CONSTRUCTIONS & BUILDERS, 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 BANAGAR LAYOUT PHASE 2?
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 BANAGAR LAYOUT PHASE 2?
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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