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Registration approved No litigation declared Plotted Development project

Dream City

By Veeyes Rai Estates Private Limited

RG-KA-56750 · RERA PRM/KA/RERA/1268/378/PR/201022/005351 · Last updated on RERA Karnataka portal: 20 Oct 2022

Source: official RERA Karnataka filing

Red flags

  • No red flags in this filing

Clear

  • No litigation declared
  • No complaints on record
  • Completion date never moved
  • Separate project account declared
Dec 2024Possession promisedno revision filed
0Complaints at RERA Karnatakaon this registration
Jump to the 119 documents Report an error

Dream City is a Plotted Development project by Veeyes Rai Estates Private Limited in Mysore, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1268/378/PR/201022/005351 on 20 Oct 2022. Possession is promised by 31 Dec 2024.

At a glance

Project

  • NameDream City
  • TypePlotted Development
  • Location
    • MYSORE
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1268/378/PR/201022/005351
  • ReraGenie IDRG-KA-56750

Builder

  • NameVeeyes Rai Estates Private Limited
  • Entity typeCompany
  • CINU70109KA2019PTC121182
  • Authorized SignatoryPranaam Rai
  • MdPranaam Rai
  • DirectorsPranaam Rai, Prarthana S Rai
  • Project HeadPranaam Rai
  • Other registrations1 more →
  • Declared earlier projects1 →

Key dates

this monthRegisteredOct 2022PromisedDec 2024

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on20 Oct 2022
  • Promised completion31 Dec 2024
  • Revised completionNone
  • BuildingsNot stated in filing
  • Documents filed119 files

The full filing

Everything below is from the project's own RERA Karnataka filing, free to read.

Land and ownership5

This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.

Named landowners5
LandownerVillageDistrict
Veeyes Rai Estates Private Limited--
Veeyes Rai Estates Private Limited--
Veeyes Rai Estates Private Limited--
Veeyes Rai Estates Private Limited--
Veeyes Rai Estates Private Limited--

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 13.22 cr
Cost lineEstimatedIncurred
Estimated Cost of Construction as certified by EngineerRs 12.66 cr-
Administrative costRs 55.13 lakh-

Certifying professionals and partners2

Certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
EngineerVishnu Kumar
Chartered AccountantSurendra Hegde

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed119

As listed on the registration, under the names the promoter filed them with; the newest 80 of 119 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1268/378/PR/201022/005351 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
GST ClarificationFile: 1 GST Clarification.pdf20 Oct 2022
CA PRACTICE CERTIFICATE - SURENDRA HEGDEFile: 2 CA PRACTICE CERTIFICATE - SURENDRA HEGDE.pdf20 Oct 2022
Cash Flow Statement for 3 yearsFile: 4 Cash Flow Statement.pdf20 Oct 2022
Balanced Sheet & P & L 2021-22File: 5 Balanced Sheet & P & L 2021-22.pdf20 Oct 2022
Balanced Sheet & P & L 2019-20File: 6 Balanced Sheet & P & L 2019-20.pdf20 Oct 2022
DIRECTORS REPORT 2021-22File: 7 DIRECTORS REPORT 2021-22.pdf20 Oct 2022
AUDITORS REPORT 2021-22File: 8 AUDITORS REPORT 2021-22.pdf20 Oct 2022
Notarized Affidavit sec 3(1)File: 9 Notarized Affidavit sec 3(1).pdf20 Oct 2022
CLARIFICATION ABOUT SOLD AND UNSOLD UNIT DETAILSFile: 10 CLARIFICATION ABOUT SOLD AND UNSOLD UNIT DETAILS.pdf20 Oct 2022
Form 1 CA CertificateFile: 11 Form 1 CA Certificate.pdf20 Oct 2022
Form 3 Engg CertificateFile: 12 Form 3 Engg Certificate.pdf20 Oct 2022
RTC, survey 248-
Mutation, survey 248-
Encumbrance Certificate, survey 248-
Conversion/Alienation Order, survey 248-
Sale/Title/Gift Deed, survey 248-
Khatha, survey 248-
RTC, survey 249-
Mutation, survey 249-
Encumbrance Certificate, survey 249-
Conversion/Alienation Order, survey 249-
Sale/Title/Gift Deed, survey 249-
Khatha, survey 249-
RTC, survey 250-
Mutation, survey 250-
Encumbrance Certificate, survey 250-
Conversion/Alienation Order, survey 250-
Sale/Title/Gift Deed, survey 250-
Khatha, survey 250-
RTC, survey 251-
Mutation, survey 251-
Encumbrance Certificate, survey 251-
Conversion/Alienation Order, survey 251-
Sale/Title/Gift Deed, survey 251-
Khatha, survey 251-
RTC, survey 273/1-
Mutation, survey 273/1-
Encumbrance Certificate, survey 273/1-
Conversion/Alienation Order, survey 273/1-
Sale/Title/Gift Deed, survey 273/1-
Khatha, survey 273/1-
Registration CertificateFile: Incorporation certificate.pdf-
Organization StructureFile: Org Structure.pdf-
Certificate issued by CA Form 1File: Form 1 CA Certificate.pdf-
Certificate issued by Engineer Form 3File: Form 3 Engg Certificate.pdf-
Project Chartered Accountant-
Project Engineer-
AffidavitFile: Non litigation Affidavit.pdf-
Certificate from Chartered AccountFile: Form 1 CA Certificate.pdf-
Certificate issued by ArchitectFile: Form 2 Architect Certificate c.pdf-
Balance Sheet 2021 - 2022File: Provisional Balance Sheet 2021-22.pdf-
Balance Sheet 2020 - 2021File: 2020-21 Balance Sheet.pdf-
Balance Sheet 2019 - 2020File: 2019-20 Balance Sheet.pdf-
Audited Profit and Loss Statement 2021 - 2022File: Provisional P&L 2021-22.pdf-
Audited Profit and Loss Statement 2020 - 2021File: 2020-21 P&L.pdf-
Audited Profit and Loss Statement 2019 - 2020File: 2019-20 P&L.pdf-
Director's Report 2020 - 2021File: Directors Report.pdf-
Director's Report 2019 - 2020File: Directors Report.pdf-
Auditor's Report 2020 - 2021File: 2020-21 Audit report.pdf-
Income Tax Return Acknowledgement 2020 - 2021File: 2020-21 ITR.pdf-
Income Tax Return Acknowledgement 2019 - 2020File: 2019-20 ITR.pdf-
MUDA Work Order-
Electricity NOC with Fee paid Receipt-
NOC Water with receipt-
DC Provisional Layout Plan-
DC Provisional Layout Plan-
DC Provisional Layout Plan-
Project Specification Le-
Project Specification Le-
DC Provisional Layout Plan-
Dream City Legal Opinion c-
Agreement of Sale Proforma-
Allotment Letter-
Affidavit cum declaration (Form B)-
Sec 3(1) Affidavit-
Electricity NOC with Fee paid Receipt-
NOC Water with receipt-
Unnamed document-
Unnamed document-
Unnamed document-

Promoter's earlier projects1

As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.

1 not delivered by the promised date
ProjectLocationStatusPromisedDelivered
GREEN ACRESSy.No: 60/2 and 62/2 of Chikkalli Village, Varuna Hobli, Mysuru TalukOngoingMay 2023Not delivered

How this compares with Mysore

28%of Mysore projects moved their completion datethis one has not
0%of Mysore registrations are shown as withdrawn or revokedthis one is not

Computed across the 700+ Mysore projects on ReraGenie, from their own filings.

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Builder: Veeyes Rai Estates Private Limited

Veeyes Rai Estates Private Limited has 2 registrations on RERA Karnataka, including Dream City and GREEN ACRES. Its filings declare 1 earlier project, none of them declared completed. Read the full track record. See more projects on the Mysore district page.

Frequently asked questions

What are my rights if Dream City is delayed beyond 31 Dec 2024?

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 Dream City?

The registered promoter entity is Veeyes Rai Estates Private Limited, a company as per the filing. Its CIN U70109KA2019PTC121182 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 Dream City?

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.

Who certifies construction progress at Dream City?

The professionals named in the filing: Engineer: Vishnu Kumar; Chartered Accountant: Surendra Hegde. Their certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.

What should I check before booking in Dream City?

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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