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Elite Springs Phase 1
RG-KA-26496 · RERA PRM/KA/RERA/1254/460/PR/180507/001625
Source: official RERA Karnataka filing
Red flags
- Completion date moved by 12 months
- 1 extension taken
Clear
- No complaints on record
- Separate project account declared
Saved.
Elite Springs Phase 1 is a Plotted Development project by Elite Properties in Chikkaballapura, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1254/460/PR/180507/001625 on 7 May 2018. Possession is promised by 30 Jun 2020. The completion date has moved by 12 months from the original filing.
At a glance
Project
- NameElite Springs Phase 1
- TypePlotted Development
- Location
- Chikkaballapur
- Chikkaballapura
- PincodeNot stated
- RERA no.PRM/KA/RERA/1254/460/PR/180507/001625
- ReraGenie IDRG-KA-26496
Builder
- NameElite Properties
- Entity typePartnership Firm
- Authorized SignatoryJames Pinto
- OthersRoopesh, Gretta Pinto
- Other registrations1 more →
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on7 May 2018
- Promised completion30 Jun 2020
- Revised completionRevised to 30 Jun 2020 (originally 30 Jun 2019)
- 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 for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterShortage of Building Materials, Concrete, Jalli etc
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/1254/460/PR/180507/001625 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: Elite P Certificate.pdf | - |
| Architect Certificate for Work Completion Schedule till DateFile: Architects Certificate (Status of Work).pdf | - |
| Engineer Certificate for Work Completion Schedule till DateFile: Engineer Certificate ( Status of Work).pdf | - |
| CA Certificate for Funds UtilizationFile: CA ( Certificate for Funds Utilization).pdf | - |
| Architect Certificate for Pending Work Completion Schedule.File: Architects Certificate ( Pending work).pdf | - |
| Engineer Certificate for Pending Work Completion Schedule.File: Engineer Certificate ( Pending work).pdf | - |
| CA Certificate for Funds required for Project CompletionFile: CA ( Certifcate for Funds Required).pdf | - |
| AffidavitFile: Affidavit.pdf | - |
| Latest Encumbrance CertificateFile: Springs Phase 1 - EC.pdf | - |
| Consent letter from 2/3rd of AllotteesFile: Customer Consent.pdf | - |
| Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails.xlsx | - |
| Document 1File: Form B Affidavit.pdf | - |
| Document 2File: Elite Springs Phase 1 - Bank Statement.pdf | - |
| Document 3File: Affidavit - Seeking for Extension.pdf | - |
| Document 4File: Approval Letter - Springs Phase 1.pdf | - |
| Document 5File: Reply To Extension Notice.pdf | - |
| Document 6File: Funds Utilized.pdf | - |
| Approved Layout Plan | - |
| Approved Layout Plan | - |
| Springs - Sale Deed & RTC | - |
| Approved Layout Plan | - |
| Approved Layout Plan | - |
| Elite Springs - Brochure | - |
| Springs - EC 2018 | - |
| Springs - RTC | - |
| Springs - JDA | - |
| Springs - Conversion Order | - |
| Unnamed document | - |
| Balance Sheet 2016 - 2017File: BALANCE SHEET.pdf | - |
| Balance Sheet 2015 - 2016File: BS.pdf | - |
| Balance Sheet 2014 - 2015File: BS.pdf | - |
| Audited Profit and Loss Statement 2016 - 2017File: PROFIT & LOSS ACCOUNT.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: P & L ACCOUNT.pdf | - |
| Audited Profit and Loss Statement 2014 - 2015File: P&L.pdf | - |
| Income Tax Return Acknowledgement 2016 - 2017File: ELITE PROPERTIES_22-Feb-2018_407007310.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: ELITE PROPERTIES_23-Dec-2016_570313750.pdf | - |
| Income Tax Return Acknowledgement 2014 - 2015File: ELITE PROPERTIES_12-Mar-2016_982084180.pdf | - |
| Prospectus/BrochureFile: Springs-brochure.pdf | - |
| Advertisement Copy 1File: Springs - Ads.pdf | - |
| Plot Excel SheetFile: PRM_KA_RERA_1254_460_PR_180507_001625.xlsx | - |
| Completion certificateFile: Springs Phase 1 - Release order.pdf | - |
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Builder: Elite Properties
Elite Properties has 2 registrations on RERA Karnataka, including Elite Springs Phase 1 and Elite Springs Phase 2. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Chikkaballapura district page.
Frequently asked questions
What are my rights if Elite Springs Phase 1 is delayed beyond 30 Jun 2020?
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 Elite Springs Phase 1?
The registered promoter entity is Elite Properties, 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 Elite Springs Phase 1?
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 Elite Springs Phase 1?
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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