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BHAGYALAXMI NAGARA
RG-KA-52509 · RERA PRM/KA/RERA/1268/378/PR/190712/002674 · Last updated on RERA Karnataka portal: 1 Feb 2022
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
Saved.
BHAGYALAXMI NAGARA is a Plotted Development project by M/S MAHENDRA DEVELOPERS in Mysore, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1268/378/PR/190712/002674 on 12 Jul 2019. Possession is promised by 13 Jul 2022. The completion date has moved by 21 months from the original filing.
At a glance
Project
- NameBHAGYALAXMI NAGARA
- TypePlotted Development
- Location
- MYSORE
- PincodeNot stated
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1268/378/PR/190712/002674
- ReraGenie IDRG-KA-52509
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on12 Jul 2019
- Promised completion13 Jul 2022
- Revised completionRevised to 13 Jul 2022 (originally 13 Oct 2020)
- BuildingsNot stated in filing
- Documents filed41 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 for2
A revised date filed with the regulator does not change the possession date in your agreement for sale.
No reason recorded in the filing
Reason as filed by the promoterothers
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed41
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/1268/378/PR/190712/002674 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| break up of development detailsFile: Development details - signed copy.pdf | 1 Feb 2022 |
| FORM BFile: FORM B.pdf | 1 Feb 2022 |
| latitude and longitude detailsFile: latitude and longitude details.pdf | 1 Feb 2022 |
| NOC by Water supply and power supply authoritiesFile: NOC by Water supply and power supply authorities.pdf | 1 Feb 2022 |
| Contractors details.File: Contractors.pdf | 1 Feb 2022 |
| CertificateFile: Registration Certificate.pdf | - |
| Architect Certificate for Work Completion Schedule till DateFile: Architect Certificate for Work Completion Schedule till Date.pdf | - |
| Engineer Certificate for Work Completion Schedule till DateFile: Engineer Certificate for Work Completion Schedule till Date.pdf | - |
| CA Certificate for Funds UtilizationFile: Form-Ex3 CA certificate - fund utilized_Final_V2.pdf | - |
| Architect Certificate for Pending Work Completion Schedule.File: Architect Certificate for Pending Work Completion Schedule.pdf | - |
| Engineer Certificate for Pending Work Completion Schedule.File: Engineer Certificate for Pending Work Completion Schedule.pdf | - |
| CA Certificate for Funds required for Project CompletionFile: Form-Ex4 Chartered Accountant Certificate For Fund Required_Final_v2.pdf | - |
| AffidavitFile: notarised_Affidavit(1)_compressed.pdf | - |
| Latest Encumbrance CertificateFile: EC1.pdf | - |
| Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails.xlsx | - |
| Document 1File: EC2.pdf | - |
| Document 2File: EC3.pdf | - |
| Approved Layout Plan and approval letter copy | - |
| Sale Deed Draft Bhagyalakshmi Nagara | - |
| Sale Agreement Draft Bhagyalakshmi Nagara - Copy | - |
| Sale Deed | - |
| Layout Plan | - |
| Details of the project | - |
| Details of the project | - |
| EC 12 years up to till date | - |
| Affidavit regarding non-violation section 3(1) of the RERA Act 1 | - |
| RTC DOCUMENT | - |
| Unnamed document | - |
| Layout Plan | - |
| Land use final | - |
| Balance Sheet 2017 - 2018File: BSheet 2017-18.pdf | - |
| Balance Sheet 2016 - 2017File: BSheet 2016-17_MD.pdf | - |
| Balance Sheet 2015 - 2016File: Balance Sheet 2015-16_MD.pdf | - |
| Audited Profit and Loss Statement 2017 - 2018File: PandL2017-18.pdf | - |
| Audited Profit and Loss Statement 2016 - 2017File: PandL 2016-17_MD.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: PandL 015-16_MD.pdf | - |
| Income Tax Return Acknowledgement 2017 - 2018File: ITRV.pdf | - |
| Income Tax Return Acknowledgement 2016 - 2017File: ITR_V 2016-17_final.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: ITRV 2015-16-Final.pdf | - |
| Notarized Form-B and notarized affidavit cum declaration | - |
| Plot Excel SheetFile: PRM_KA_RERA_1268_378_PR_190712_002674.xlsx | - |
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Builder: M/S MAHENDRA DEVELOPERS
M/S MAHENDRA DEVELOPERS has 3 registrations on RERA Karnataka, including BHAGYALAXMI NAGARA and Samruddhi Enclave. Its filings declare 2 earlier projects, none of them declared completed. Litigation is declared on 1 of its registrations. Read the full track record. See more projects on the Mysore district page.
Frequently asked questions
What are my rights if BHAGYALAXMI NAGARA is delayed beyond 13 Jul 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 BHAGYALAXMI NAGARA?
The registered promoter entity is M/S MAHENDRA 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 BHAGYALAXMI 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 BHAGYALAXMI 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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