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FOUNDATIONS SIRII
By FOUNDATIONS DEVELOPERS & PROMOTERS
RG-KA-87830 · RERA PRM/KA/RERA/1268/378/PR/050123/005603 · Last updated on RERA Karnataka portal: 21 Dec 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
Saved.
FOUNDATIONS SIRII is a Plotted Development project by FOUNDATIONS DEVELOPERS & PROMOTERS in Mysore, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1268/378/PR/050123/005603 on 5 Jan 2023. Possession is promised by 31 Dec 2024.
At a glance
Project
- NameFOUNDATIONS SIRII
- TypePlotted Development
- Location
- MYSORE
- 570010
- Pincode570010
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1268/378/PR/050123/005603
- ReraGenie IDRG-KA-87830
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on5 Jan 2023
- Promised completion31 Dec 2024
- Revised completionNone
- BuildingsNot stated in filing
- Documents filed104 files
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Land and ownership3
This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| K N KIRAN | - | - |
| K N KIRAN | - | - |
| K N KIRAN | - | - |
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.
| Cost line | Estimated | Incurred |
|---|---|---|
| Estimated Cost of Construction as certified by Engineer | Rs 1.62 cr | - |
| On-site expenditure-Site Overhead | Rs 15.30 lakh | - |
| Payment of taxes | Rs 3.06 lakh | - |
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Engineer | Yadavprasad.M.L |
| Chartered Accountant | S.Lakshminarasimha |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed104
As listed on the registration, under the names the promoter filed them with; the newest 80 of 104 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1268/378/PR/050123/005603 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Project Address DetailsFile: Project Address.pdf | 21 Dec 2022 |
| RTC, survey 41/3 | - |
| Mutation, survey 41/3 | - |
| Encumbrance Certificate, survey 41/3 | - |
| Conversion/Alienation Order, survey 41/3 | - |
| Sale/Title/Gift Deed, survey 41/3 | - |
| JDA, survey 41/3 | - |
| Khatha, survey 41/3 | - |
| RTC, survey 41/4 | - |
| Mutation, survey 41/4 | - |
| Encumbrance Certificate, survey 41/4 | - |
| Conversion/Alienation Order, survey 41/4 | - |
| Sale/Title/Gift Deed, survey 41/4 | - |
| JDA, survey 41/4 | - |
| Khatha, survey 41/4 | - |
| RTC, survey 42 | - |
| Mutation, survey 42 | - |
| Encumbrance Certificate, survey 42 | - |
| Conversion/Alienation Order, survey 42 | - |
| Sale/Title/Gift Deed, survey 42 | - |
| JDA, survey 42 | - |
| Khatha, survey 42 | - |
| Registration CertificateFile: Foundations Registration Certificate.pdf | - |
| Partnership DeedFile: Partnership Deed Compressed.pdf | - |
| Partner Details | - |
| Partner Details | - |
| Partner Details | - |
| Partner Details | - |
| Partner Details | - |
| Certificate issued by CA Form 1File: RERA_Sirii_CA Certificate-SBI Compressed.pdf | - |
| Certificate issued by Engineer Form 3File: Engineer Certifcate-Form 3.pdf | - |
| Project Chartered Accountant | - |
| Project Engineer | - |
| AffidavitFile: No Litigation.pdf | - |
| Certificate from Chartered AccountFile: RERA_Sirii_CA Certificate-SBI Compressed.pdf | - |
| Certificate issued by ArchitectFile: Engineer Certifcate-Form 3.pdf | - |
| Balance Sheet 2021 - 2022File: balance sheet - 2122 compressed.pdf | - |
| Balance Sheet 2020 - 2021File: Balance Sheet - FY 2020-21-1.pdf | - |
| Balance Sheet 2019 - 2020File: FY 2019-20 Balance Sheet.pdf | - |
| Audited Profit and Loss Statement 2021 - 2022File: p & l - 2122 compressed.pdf | - |
| Audited Profit and Loss Statement 2020 - 2021File: P & L- FY 2020-21-2.pdf | - |
| Audited Profit and Loss Statement 2019 - 2020File: FY 2019-20 P&L Account.pdf | - |
| Director's Report 2021 - 2022File: Declaration Cash flow.pdf | - |
| Director's Report 2020 - 2021File: Declaration Cash flow.pdf | - |
| Director's Report 2019 - 2020File: Declaration Cash flow.pdf | - |
| Cash Flow Statement 2021 - 2022File: Declaration Cash flow.pdf | - |
| Cash Flow Statement 2020 - 2021File: Declaration Cash flow.pdf | - |
| Auditor's Report 2021 - 2022File: audit report compressed.pdf | - |
| Auditor's Report 2020 - 2021File: FY 2020-21 Auditors Report Compressed.pdf | - |
| Auditor's Report 2019 - 2020File: FY 2019-20 Auditors Report.pdf | - |
| Income Tax Return Acknowledgement 2021 - 2022File: Foundations ITR FY 2021-2022 compressed.pdf | - |
| Income Tax Return Acknowledgement 2020 - 2021File: FY 2021-2022 ITR Return Compressed.pdf | - |
| Income Tax Return Acknowledgement 2019 - 2020File: FY 2019-20 ITR Return.pdf | - |
| muda work order Compressed | - |
| Kiran KEB Noc-WITH RECEIPT compressed | - |
| Kiran Water_UGD NOC | - |
| Foundations SIRII Sanction Plan | - |
| Foundations SIRII Sanction Plan | - |
| Foundations SIRII Sanction Plan | - |
| sanction letter and plan | - |
| sanction letter and plan | - |
| Declaration Project Specification | - |
| Covering Letter for Sanction Plan | - |
| Foundations SIRII Sanction Plan Compressed | - |
| Foundations SIRII Sanction Plan Compressed | - |
| Legal Opinion-ALL compressed | - |
| Foundations SIRII Sanction Plan Compressed | - |
| JDA Compressed | - |
| conversion orders | - |
| Legal Opinion Compressed | - |
| conversion orders | - |
| title deeds | - |
| RERA Sale agreement - JDA New | - |
| Allottment Letter_K RERA Format | - |
| Declaration for Brochure | - |
| Affidavith_Form B compressed | - |
| No Marketing compressed | - |
| Joint affidavit cum declaration | - |
| Kiran KEB Noc-WITH RECEIPT compressed | - |
| Kiran Water_UGD NOC | - |
Promoter's earlier projects5
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.
| Project | Location | Status | Promised | Delivered |
|---|---|---|---|---|
| FOUNDATIONS BHGYASHREE | NO 170/9 DATTAGHALLI MYSURU | Ongoing | Apr 2024 | Not delivered |
| FOUNDATIONS SILVER SPRINGS | HOTAGHALLI MYSURU | Completed | - | No date filed |
| FOUNDATIONS SILICON | NO 171/1 YELWALA HOBLI, BELAVADI MYSURU | Completed | - | No date filed |
| FOUNDATIONS PEARL | NO 170/1 YADAVGIRI MYSURU | Completed | - | No date filed |
| FOUNDATIONS DHIYA | NO 170/8 DATTAGHALLI MYSURU | Completed | - | No date filed |
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Builder: FOUNDATIONS DEVELOPERS & PROMOTERS
FOUNDATIONS DEVELOPERS & PROMOTERS has 5 registrations on RERA Karnataka, including FOUNDATIONS SIRII and Foundations Pearl. Its filings declare 9 earlier projects, 7 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 FOUNDATIONS SIRII 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 FOUNDATIONS SIRII?
The registered promoter entity is FOUNDATIONS DEVELOPERS & PROMOTERS, a partnership firm as per the filing. Its GSTIN 29AABFF5426G1ZI 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 FOUNDATIONS SIRII?
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 FOUNDATIONS SIRII?
The professionals named in the filing: Engineer: Yadavprasad.M.L; Chartered Accountant: S.Lakshminarasimha. 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 FOUNDATIONS SIRII?
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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