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Registration transferred Plotted Development project

GOLDEN IRA

By Bhagyalakshmi Homes LLP

RG-KA-02175 · RERA PRM/KA/RERA/1250/301/PR/180627/001916

Source: official RERA Karnataka filing

Red flags

  • Registration transferred
  • 2 complaints at RERA Karnataka
  • Completion date moved by 9 months
  • 1 extension taken

Clear

  • Separate project account declared
Mar 2021Possession promisedmoved 9 months from the original
2Complaints at RERA Karnatakaon this registration
Jump to the 41 documents Report an error

GOLDEN IRA is a Plotted Development project by Bhagyalakshmi Homes LLP in Bengaluru Rural, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1250/301/PR/180627/001916 on 27 Jun 2018. Possession is promised by 30 Mar 2021. The completion date has moved by 9 months from the original filing. 2 complaints are on record with the regulator.

At a glance

Project

  • NameGOLDEN IRA
  • TypePlotted Development
  • Location
    • Doddaballapura
    • Bengaluru Rural
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1250/301/PR/180627/001916
  • ReraGenie IDRG-KA-02175

Builder

  • NameBhagyalakshmi Homes LLP
  • Entity typePartnership Firm
  • Authorized SignatoryPrasad Rao Pasam

Key dates

this monthRegisteredJun 2018First promiseJun 2020Revised toMar 2021

Key facts

Registration and timeline

  • StatusRegistration transferred
  • Registered on27 Jun 2018
  • Promised completion30 Mar 2021
  • Revised completionRevised to 30 Mar 2021 (originally 30 Jun 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.

Land area196,472 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 9.60 cr

Extensions applied for1

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

ExtensionJun 2020 → Mar 2021

No reason recorded in the filing

Complaints filed with RERA Karnataka2

Case no.ComplainantRespondentFiled
CMP/200107/0004991-Bhagyalakshmi Homes LLP07/01/2020
CMP/200812/0006349-Bhagyalakshmi Homes LLP12/08/2020

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/1250/301/PR/180627/001916 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: Incorporation Certificate.pdf-
Architect Certificate for Work Completion Schedule till DateFile: Architect Certificate From 1 & 2.pdf-
Engineer Certificate for Work Completion Schedule till DateFile: Engineer Certificate Form Ex 6.pdf-
CA Certificate for Funds UtilizationFile: CA certificate - Form-Ex-3.pdf-
Architect Certificate for Pending Work Completion Schedule.File: Architect Certificate From 1 & 2.pdf-
Engineer Certificate for Pending Work Completion Schedule.File: Engineer Certificate Form Ex 6.pdf-
CA Certificate for Funds required for Project CompletionFile: CA Certificate _ Form-Ex-4-Funds required.pdf-
AffidavitFile: Draft BHLP.pdf-
Latest Encumbrance CertificateFile: EC Siddenayakanahalli Village Oct20 to Mar22.pdf-
Consent letter from 2/3rd of AllotteesFile: Customer consent.pdf-
Details Of Sold/ Un-sold UnitsFile: Sold units - IRA.pdf-
Sanction Plan_s-
Sanction Plan_s-
Sanction Plan_s-
Draft Sale Deed - Golden Ira-
IRA RERA AOS_16Sept17-
Title (Sale) Deed DocNo7252 of 14-15-
Sanction Plan_s-
Sanction Plan_s-
Allotment_Welcome Letter-
Brochure-
SPECIFICATIONS-
E C from dated 01-03-2013 to 12-02-2017 -Raghunathapura-
E Katha-
Conversion orders part1-
NOC of KSPCB-
Sanction Plan_s-
Sanction Plan_s-
Conversion of 45-
Balance Sheet 2016 - 2017File: BLHLLP Balance Sheet 2015-16.pdf-
Balance Sheet 2015 - 2016File: BLHLLP-Balance Sheet 2014-15.pdf-
Audited Profit and Loss Statement 2016 - 2017File: BLHLLP Profit and Loss 15-16.pdf-
Audited Profit and Loss Statement 2015 - 2016File: BLHLLP Profit and Loss 2014-15.pdf-
Cash Flow Statement 2016 - 2017File: BLHLLP Balance Sheet 2015-16.pdf-
Cash Flow Statement 2015 - 2016File: BLHLLP-Balance Sheet 2014-15.pdf-
Auditor's Report 2016 - 2017File: BLHLLP Balance Sheet 2015-16.pdf-
Auditor's Report 2015 - 2016File: BLHLLP-Balance Sheet 2014-15.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: BLHLLP IT Ack 2015.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: BLHLLP IT Ack 2014-15.pdf-
Panorama-RERA Form-B_Final-
Plot Excel SheetFile: PRMKARERA1250301PR180627001916.xlsx-

How this compares with Bengaluru Rural

20%of Bengaluru Rural projects moved their completion datethis one moved by 9 months
0%of Bengaluru Rural registrations are shown as withdrawn or revokedthis one is not

Computed across the 650+ Bengaluru Rural projects on ReraGenie, from their own filings.

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Builder: Bhagyalakshmi Homes LLP

Bhagyalakshmi Homes LLP has 1 registration on RERA Karnataka, including GOLDEN IRA. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Bengaluru Rural district page.

Frequently asked questions

What are my rights if GOLDEN IRA is delayed beyond 30 Mar 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 GOLDEN IRA?

The registered promoter entity is Bhagyalakshmi Homes LLP, 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 GOLDEN IRA?

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.

How do I read the complaint cases filed against GOLDEN IRA?

Each case number above is a complaint filed with RERA Karnataka. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.

What should I check before booking in GOLDEN IRA?

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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