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LOTUS DEV
RG-KA-61714 · RERA PRM/KA/RERA/1257/334/PR/281022/005355 · 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
Saved.
LOTUS DEV is a Mixed Development project by LOTUS PROPERTIES in Dakshina Kannada, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1257/334/PR/281022/005355 on 28 Oct 2022. Possession is promised by 31 Jul 2024.
At a glance
Project
- NameLOTUS DEV
- TypeMixed Development
- Location
- Mangalore
- Dakshina Kannada
- 575003
- Pincode575003
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1257/334/PR/281022/005355
- ReraGenie IDRG-KA-61714
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on28 Oct 2022
- Promised completion31 Jul 2024
- Revised completionNone
- Buildings1 building record
- Documents filed72 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| LOTUS DEV | - | - | - | - | - | 25 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
As on 20 Oct 2022, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
Building:
| Activity | Progress |
|---|---|
| Earth work and other leveling preparation work | - |
| Foundation footing work | - |
| Upto Plinth Level | - |
| Sub-structure flooring (Parking Floor, more than one floor below general ground level) | - |
| Retaining wall (All types) | - |
| RCC or MS Framed structure | - |
| Masonry Construction | - |
| Plastering inside , outside & Ceiling | - |
| Joinery: Doors, Windows, Ventilators etc | - |
| Basic work of Water supply, Sanitary and Electrification | - |
| Dadoing, Skirting, Flooring, Tiles work (All types) | - |
| Railing and Grill fixing | - |
| Electrification, Water supply and Sanitary Finishing | - |
| Painting | - |
| Fire prevention and fire fighting fitting and fixture with network | - |
| Weather Proof work(tile,concrete) | - |
| Wardrobe, Showcase, Kitchen cabinet, Puja work | Not applicable |
| Elevation work | - |
| Internal and External work including landscapes as per sanctioned drawings | - |
Progress on shared amenities40
As on 20 Oct 2022, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Water Supply | Yes | - |
| Sewage and Drainage System | Yes | - |
| Water conservation/rain water harvesting/recharge of ground water | Yes | - |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | Yes | - |
| Solid waste management and disposal | No | Not applicable |
| Emergency Evacuation services | No | Not applicable |
| Internal Roads & Footpaths | No | Not applicable |
| Electricity supply transformer and substation | Yes | - |
| Storm water drains | No | Not applicable |
| Use of renewable energy | No | Not applicable |
| Sewage Treatment Plant (STP) | Yes | - |
| Parks & Tree planting | No | Not applicable |
| Street Lighting | No | Not applicable |
| Electricity | Yes | - |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | Yes | - |
| Club House | No | Not applicable |
| Community Hall | No | Not applicable |
| Outdoor Sports facility | No | Not applicable |
| Indoor Sports facility | No | Not applicable |
| Swimming Pool | No | Not applicable |
| Gym | No | Not applicable |
| Parks | No | Not applicable |
| Power Backup | Yes | - |
| Piped Gas | No | Not applicable |
| Water and Sanitation | No | Not applicable |
| Air Conditioning | No | Not applicable |
| Staircases | Yes | - |
| Lifts | Yes | - |
| Corridor/Lobbies | Yes | - |
| Fire escapes | No | Not applicable |
| Common entrance and exit for the building/common portico/foyer/verandah | No | Not applicable |
| Basement | Yes | - |
| Terrace | Yes | - |
| Outer Wall | No | Not applicable |
| Open parking areas | No | Not applicable |
| Provision for lodging of management staff and security staff | No | Not applicable |
| Water conservation and renewable energy | No | Not applicable |
| Common storage spaces | No | Not applicable |
Land and ownership2
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 |
|---|---|---|
| Lotus Properties - Sampath Kumar Shetty T | - | - |
| V Ganesh Kamath | - | - |
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 2.80 cr | - |
| On-site expenditure-Consultants Fees | Rs 5.00 lakh | - |
| On-site expenditure-Site Overhead | Rs 5.00 lakh | - |
| On-site expenditure-Cost Of Services(Water, Electricity, Sewage) | Rs 5.00 lakh | - |
| Payment of taxes | Rs 5.00 lakh | - |
Certifying professionals and partners3
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | S Rathanraj Adhikari |
| Engineer | K Anil Hegde |
| Chartered Accountant | Colin Oswald Rodrigues |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed72
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/1257/334/PR/281022/005355 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Supplimentary Partnership Deed - reflect the duties and obligations of the promoter towards this proFile: Supplimentary Partnership Deed.pdf | 20 Oct 2022 |
| CA Certificate Prescribed Format AttachedFile: FORM 1.pdf | 3 Oct 2022 |
| FY 2020-21 - Financial Statement With UDINFile: Financial Statement FY 2020-21.pdf | 3 Oct 2022 |
| FY 2018-19 Profit & Loss and Balance Sheet With UDINFile: Financial Statement with UDIN -FY 2018-19.PDF | 3 Oct 2022 |
| Bank Account - Cheque Book LeafFile: Bank Account Details - Lotus Dev.PDF | 3 Oct 2022 |
| JDA Between Land Owner and PromoterFile: JDA - Lotus Dev.pdf | 3 Oct 2022 |
| Joint Affidavit Cum Declaration With SigntureFile: Joint Affidavit - Lotus Dev.pdf | 3 Oct 2022 |
| Advocate Search ReportFile: Search Report - Lotus Dev.PDF | 3 Oct 2022 |
| Title Need V Ganesh KamathFile: Titile Deed - Dev - V Ganesh Kamath.pdf | 3 Oct 2022 |
| Guidance Value - Sub Reg of PropertyFile: Guidelines Value.pdf | 3 Oct 2022 |
| Commencement CertificateFile: Commencement Certificate- Dev.pdf | 3 Oct 2022 |
| CDP Map of ProjectFile: CDP Plan-Mannagudda.pdf | 3 Oct 2022 |
| Village Map of ProjectFile: Village Map - Mannagudda.pdf | 3 Oct 2022 |
| Common Area Details ClarificationFile: Common Area Allotee.pdf | 3 Oct 2022 |
| Area Details Updated - Attached ClarificationFile: Area Details.pdf | 3 Oct 2022 |
| Cost Details Updated - CA CertificateFile: FORM 1.pdf | 3 Oct 2022 |
| Cost Details Updated - Engineer CertificateFile: Engineer Certificate Dev.pdf | 3 Oct 2022 |
| Signed Project SpecificationFile: Signed Specification - Lotus Dev.pdf | 3 Oct 2022 |
| Sec 3(1 ) Notarized AffidavithFile: Section3(1) - Notarized Affidavit.pdf | 3 Oct 2022 |
| WATER NOCFile: Water NOC - Lotu Dev.PDF | 3 Oct 2022 |
| MESCOM NOC with ReceiptFile: MESCOM NOC - Lotus Dev.PDF | 3 Oct 2022 |
| RTC, survey 682/13 | - |
| Mutation, survey 682/13 | - |
| Encumbrance Certificate, survey 682/13 | - |
| Conversion/Alienation Order, survey 682/13 | - |
| Sale/Title/Gift Deed, survey 682/13 | - |
| Khatha, survey 682/13 | - |
| Registration CertificateFile: Firm Registration -LP.PDF | - |
| Partnership DeedFile: Partnership Deed - LP-compressed.pdf | - |
| Partner Details | - |
| Partner Details | - |
| Certificate issued by CA Form 1File: FORM 1.pdf | - |
| Certificate issued by Architect Form 2File: Lotus Dev - Architect Certificate.PDF | - |
| Certificate issued by Engineer Form 3File: Lotus Dev - Engineer Certificate.PDF | - |
| Project Chartered Accountant | - |
| Project Engineer | - |
| Project Architect | - |
| AffidavitFile: Dev - Non Litigation Affidavit.pdf | - |
| Certificate from Chartered AccountFile: FORM 1.pdf | - |
| Balance Sheet 2019 - 2020File: Financial Statements - FY 2020-21.pdf | - |
| Balance Sheet 2018 - 2019File: Financial Statements -P&L -BS - FY 2019-2020.pdf | - |
| Audited Profit and Loss Statement 2019 - 2020File: Financial Statements - FY 2020-21.pdf | - |
| Audited Profit and Loss Statement 2018 - 2019File: Financial Statements -P&L -BS - FY 2019-2020.pdf | - |
| Director's Report 2019 - 2020File: Financial Statements - FY 2020-21.pdf | - |
| Director's Report 2018 - 2019File: Financial Statements -P&L -BS - FY 2019-2020.pdf | - |
| Cash Flow Statement 2019 - 2020File: Financial Statements - FY 2020-21.pdf | - |
| Auditor's Report 2019 - 2020File: Financial Statements - FY 2020-21.pdf | - |
| Auditor's Report 2018 - 2019File: Financial Statements -P&L -BS - FY 2019-2020.pdf | - |
| Income Tax Return Acknowledgement 2019 - 2020File: Financial Statements - FY 2020-21.pdf | - |
| Income Tax Return Acknowledgement 2018 - 2019File: ITR-V - 2019-20.pdf | - |
| Licence - Dev | - |
| Dev - Plan | - |
| Dev - Plan | - |
| Dev - Plan | - |
| Dev - Plan | - |
| Dev - Plan | - |
| SPECIFICATION - LOTUS DEV | - |
| Dev - Plan | - |
| Dev - Plan | - |
| Search Report - Dev | - |
| M O U - Lotus Dev | - |
| Single Site - Lotus Dev_compressed | - |
| New Agreement - (Rera) | - |
| ALLOTEMENT LETTER | - |
| Dev Brochure | - |
| Dev - Affidavit- Form B_compressed | - |
| Dev Joint Affidavit | - |
| Fire NOC - Lotus Dev_compressed | - |
| Occupancy CertificateFile: CC Dev .pdf | - |
| Completion certificate issued by the competent authorityFile: CC Dev .pdf | - |
| Registered Agreement of SaleFile: Lotus Dev Sale Deed_compressed.pdf | - |
| Registered conveyance deed for an individual unitFile: Lotus Dev Sale Deed_compressed.pdf | - |
Promoter's earlier projects3
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 |
|---|---|---|---|---|
| Lotus Rovin | Airport Road Pachanady Village Bondel Mangalore | Ongoing | Aug 2024 | Not delivered |
| Lotus Paradise Elite | K R Rao Road Kodialbail Mangalore | Ongoing | Feb 2023 | Not delivered |
| Lotus Galaxy | Kankanady Village Pumpwell Mangalore | Ongoing | Aug 2022 | Not delivered |
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Builder: LOTUS PROPERTIES
LOTUS PROPERTIES has 13 registrations on RERA Karnataka, including Lotus Kapila and Lotus Ananya. Its filings declare 23 earlier projects, 9 of them declared completed. Read the full track record. See more projects on the Dakshina Kannada district page.
Frequently asked questions
What are my rights if LOTUS DEV is delayed beyond 31 Jul 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 LOTUS DEV?
The registered promoter entity is LOTUS PROPERTIES, a partnership firm as per the filing. Its GSTIN 29AAHFL3668G1ZY 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 LOTUS DEV?
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 LOTUS DEV?
The professionals named in the filing: Architect: S Rathanraj Adhikari; Engineer: K Anil Hegde; Chartered Accountant: Colin Oswald Rodrigues. 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 LOTUS DEV?
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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