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Registration approved Plotted Development project

BASAVESHWARA NAGARA

By SMK DEVELOPERS

RG-KA-21100 · RERA PRM/KA/RERA/1255/477/PR/181103/002122

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
Feb 2021Possession promisedmoved 9 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 74 documents Report an error

BASAVESHWARA NAGARA is a Plotted Development project by SMK DEVELOPERS in Chikkamagaluru, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1255/477/PR/181103/002122 on 3 Nov 2018. Possession is promised by 9 Feb 2021. The completion date has moved by 9 months from the original filing.

At a glance

Project

  • NameBASAVESHWARA NAGARA
  • TypePlotted Development
  • Location
    • Chikkamagaluru
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1255/477/PR/181103/002122
  • ReraGenie IDRG-KA-21100

Builder

  • NameSMK DEVELOPERS
  • Entity typePartnership Firm
  • Authorized SignatoryB N MANJUNATHA & R RAVISHANKAR
  • Director1) M L CHETHAN 2) M KISHOREKUMAR 3) R RAVISHANKAR 4)N R SURESH 5) B N MANJUNATHA

Key dates

this monthRegisteredNov 2018First promiseMay 2020Revised toFeb 2021

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on3 Nov 2018
  • Promised completion9 Feb 2021
  • Revised completionRevised to 9 Feb 2021 (originally 9 May 2020)
  • BuildingsNot stated in filing
  • Documents filed74 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 area37,244 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 4.00 cr

Extensions applied for1

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

ExtensionMay 2020 → Feb 2021

No reason recorded in the filing

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed74

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/1255/477/PR/181103/002122 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: Form Registration.pdf-
COMMENCEMENT CERTIFICATE-
Final Draft Plan_3-
Final Draft Plan_3-
proforma of Sale Deed-
Proforma of Sale Agreement-
Sale Deed & RTC (4 files merged)-
Final Draft Plan_3-
Blank Document-
Blank Document-
Blank Document-
Blank Document-
EC-
KathaRTC-
JDA-1 (11 files merged)-
Sale Deed & RTC 1 (4 files merged)-
Conversion copy-
COMMENCEMENT CERTIFICATE-
Blank Document-
GST-
RELINQUISHMENT DEED-
Blank Document-
Blank Document-
Blank Document-
img628-
Blank Document-
Blank Document-
Blank Document-
Blank Document-
Unnamed document-
Blank Document-
Blank Document-
Blank Document-
Blank Document-
Blank Document-
Blank Document-
Blank Document-
Blank Document-
Blank Document-
Blank Document-
Blank Document-
Blank Document-
Balance Sheet 2016 - 2017File: Blank Document.pdf-
Balance Sheet 2015 - 2016File: Blank Document.pdf-
Balance Sheet 2014 - 2015File: Blank Document.pdf-
Audited Profit and Loss Statement 2016 - 2017File: Blank Document.pdf-
Audited Profit and Loss Statement 2015 - 2016File: Blank Document.pdf-
Audited Profit and Loss Statement 2014 - 2015File: Blank Document.pdf-
Director's Report 2016 - 2017File: Partnership Deed.pdf-
Director's Report 2015 - 2016File: Blank Document.pdf-
Director's Report 2014 - 2015File: Blank Document.pdf-
Cash Flow Statement 2016 - 2017File: Blank Document.pdf-
Cash Flow Statement 2015 - 2016File: Blank Document.pdf-
Auditor's Report 2016 - 2017File: Blank Document.pdf-
Auditor's Report 2015 - 2016File: Blank Document.pdf-
Auditor's Report 2014 - 2015File: Blank Document.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: Blank Document.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: Blank Document.pdf-
Income Tax Return Acknowledgement 2014 - 2015File: Blank Document.pdf-
Blank Document-
Prospectus/BrochureFile: Blank Document.pdf-
Advertisement Copy 1File: Blank Document.pdf-
Plot Excel SheetFile: PRM_KA_RERA_1255_477_PR_181103_002122.xlsx-
Final plan technical sanction LetterFile: Layout Approval Plan Final.pdf-
Final layout plan sanctionedFile: Layout Approval Plan Final.pdf-
Completion CertificateFile: Release order.pdf-
Site release order Copies(1st,2nd phase and final release order)File: Release order.pdf-
Relinquishment deed executed handed over detailsFile: Reliquishment deed.pdf-
Chartered Accountant Certificate (Form-4)File: CA Certificate.pdf-
Architect's Certificate (Form-5)File: CA Certificate.pdf-
Engineer's Certificate (Form-6)File: CA Certificate.pdf-
Affidavit from Promoter for completing project as per advertisement published in brochure and as per project sFile: Layout Approval Plan Final.pdf-
Release OrderFile: Release order.pdf-
Final PlanFile: Layout Approval Plan Final.pdf-

How this compares with Chikkamagaluru

13%of Chikkamagaluru projects moved their completion datethis one moved by 9 months
0%of Chikkamagaluru registrations are shown as withdrawn or revokedthis one is not

Computed across the 36 Chikkamagaluru projects on ReraGenie, from their own filings.

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Other projects near Chikkamagaluru36 in Chikkamagaluru

Builder: SMK DEVELOPERS

SMK DEVELOPERS has 1 registration on RERA Karnataka, including BASAVESHWARA NAGARA. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Chikkamagaluru district page.

Frequently asked questions

What are my rights if BASAVESHWARA NAGARA is delayed beyond 9 Feb 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 BASAVESHWARA NAGARA?

The registered promoter entity is SMK 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 BASAVESHWARA NAGARA?

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 BASAVESHWARA NAGARA?

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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