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Lake View Paradise
RG-KA-16611 · RERA PRM/KA/RERA/1275/448/PR/200908/003585 · Last updated on RERA Karnataka portal: 26 Aug 2020
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No complaints on record
- Completion date never moved
- Separate project account declared
Saved.
Lake View Paradise is a Plotted Development project by V G Parekh and co in Vijayapura, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1275/448/PR/200908/003585 on 8 Sep 2020. Possession is promised by 11 Dec 2019.
At a glance
Project
- NameLake View Paradise
- TypePlotted Development
- Location
- Bijapur
- Vijayapura
- PincodeNot stated
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1275/448/PR/200908/003585
- ReraGenie IDRG-KA-16611
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on8 Sep 2020
- Promised completion11 Dec 2019
- Revised completionNone
- BuildingsNot stated in filing
- Documents filed71 files
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Land and ownership1
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 |
|---|---|---|
| Tipusultan A Guntaguli | - | - |
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.
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed71
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/1275/448/PR/200908/003585 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Joint Affidavit Cum DeclarationFile: Joint Affidavit Cum Declaration.pdf | 26 Aug 2020 |
| Layout Completion CertificateFile: Annexure 3.pdf | 26 Aug 2020 |
| Joint Development AgreementFile: Annexure 1.pdf | 26 Aug 2020 |
| Sharing Agreement (Vatani Patra)File: Annexure 2.pdf | 26 Aug 2020 |
| General Power of AttorneyFile: Annexure 4.pdf | 26 Aug 2020 |
| CA Certificate for Completion of Work.File: CA Certificate for Completion of Work.pdf | 8 Aug 2020 |
| Completion CertificateFile: Completion Certificate.pdf | 8 Aug 2020 |
| Joint Affidavit Cum Declaration.File: Notarized Joint Affidavit Cum Declaration.pdf | 8 Aug 2020 |
| Maintain Separate bank account foe each project.File: Clarification.pdf | 18 Jul 2020 |
| Notarized Joint Affidavit Cum DeclarationFile: Notarized Joint Affidavit Cum Declaration.pdf | 18 Jul 2020 |
| EC for 15 Years in the name of Land Owner.File: SY NO 431 EC.pdf | 18 Jul 2020 |
| Layout Completation Certificate from BDA.File: LAYOUT CC.pdf | 18 Jul 2020 |
| Maintaince of Seperate bank Account. Clarification EnclosedFile: Clarification.pdf | 23 Jun 2020 |
| Conversion OrderFile: Conversion Order.pdf | 23 Jun 2020 |
| Form-B And Joint Affidavit Cum DeclarationFile: Joint Affidavit Cum Declaration.pdf | 23 Jun 2020 |
| Approved Layout Plan Project SpecificationFile: Approved Layout Plan Project Specification.pdf | 23 Jun 2020 |
| Affidavit under Sec 3(1)File: Affidavit under Sec 3(1).pdf | 23 Jun 2020 |
| Approved Layout Plan by Urban AuthorityFile: Approved Layout Plan by Urban Authority.pdf | 23 Jun 2020 |
| EC application given will upload in 10 Days.File: APPLIED.pdf | 23 Jun 2020 |
| CertificateFile: PAGE 1.jpeg | - |
| Commencement Certificate | - |
| APPROVED PLOTTING PLAN | - |
| APPROVED LAYOUT PLAN | - |
| SALE DEED AND RTC | - |
| INFRASTRUCTURE PLAN OF PLOTTING | - |
| AREA DEVELOPMENT PLAN OF PROJECT AREA | - |
| APPLIED | - |
| Development Agreement | - |
| Power of Attroney | - |
| Unnamed document | - |
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| UTILIZATION CERTFICATE | - |
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| Unnamed document | - |
| EXISTING LAYOUT PLAN | - |
| EXISTING SECTION PLAN AND SPECIFICATION | - |
| Unnamed document | - |
| Balance Sheet 2018 - 2019File: 18-19.pdf | - |
| Balance Sheet 2017 - 2018File: 17-18.pdf | - |
| Balance Sheet 2016 - 2017File: 16-17.pdf | - |
| Audited Profit and Loss Statement 2018 - 2019File: 18-19.pdf | - |
| Audited Profit and Loss Statement 2017 - 2018File: 17-18.pdf | - |
| Audited Profit and Loss Statement 2016 - 2017File: 16-17.pdf | - |
| Auditor's Report 2018 - 2019File: 18-19.pdf | - |
| Auditor's Report 2017 - 2018File: 17-18.pdf | - |
| Auditor's Report 2016 - 2017File: 16-17.pdf | - |
| Income Tax Return Acknowledgement 2018 - 2019File: 18-19.pdf | - |
| Income Tax Return Acknowledgement 2017 - 2018File: 17-18.pdf | - |
| Income Tax Return Acknowledgement 2016 - 2017File: 16-17.pdf | - |
| Prospectus/BrochureFile: BROCHER.pdf | - |
| Advertisement Copy 1File: BROCHER.pdf | - |
| Plot Excel SheetFile: PRM_KA_RERA_1275_448_PR_200908_003585.xlsx | - |
| Completion CertificateFile: Lake View Paradise Completion Certificate.pdf | - |
| aFFIDAVITFile: AFFIFDAVIT LAKE VIEW.pdf | - |
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.
| Project | Location | Status | Promised | Delivered |
|---|---|---|---|---|
| Risaldar Colony | - | Ongoing | Jan 2020 | Not delivered |
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How this compares with Vijayapura
Computed across the 56 Vijayapura projects on ReraGenie, from their own filings.
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Builder: V G Parekh and co
V G Parekh and Co has 5 registrations on RERA Karnataka, including Risaldar Colony and Dhanlaxmi Colony. Its filings declare 2 earlier projects, none of them declared completed. Read the full track record. See more projects on the Vijayapura district page.
Frequently asked questions
What are my rights if Lake View Paradise is delayed beyond 11 Dec 2019?
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 Lake View Paradise?
The registered promoter entity is V G Parekh and co, 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 Lake View Paradise?
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 Lake View Paradise?
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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