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Registration approved Commercial project

LOTUS GALAXY

By LOTUS PROPERTIES

RG-KA-89502 · RERA PRM/KA/RERA/1257/334/PR/200219/003299 · Last updated on RERA Karnataka portal: 7 Feb 2020

Source: official RERA Karnataka filing

Red flags

  • Completion date moved by 17 months
  • 2 extensions taken

Clear

  • No complaints on record
  • Separate project account declared
Dec 2023Possession promisedmoved 17 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 63 documents Report an error

LOTUS GALAXY is a Commercial project by LOTUS PROPERTIES in Dakshina Kannada, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1257/334/PR/200219/003299 on 19 Feb 2020. Possession is promised by 31 Dec 2023. The completion date has moved by 17 months from the original filing.

At a glance

Project

  • NameLOTUS GALAXY
  • TypeCommercial
  • Location
    • Mangalore
    • Dakshina Kannada
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PRM/KA/RERA/1257/334/PR/200219/003299
  • ReraGenie IDRG-KA-89502

Builder

  • NameLOTUS PROPERTIES
  • Entity typePartnership Firm
  • Authorized SignatorySAMPATH KUMAR SHETTY
  • DirectorsSAMPATH KUMAR SHETTY, Jeethendra Kottary
  • Other registrations12 more →
  • Declared earlier projects23 →

Key dates

this monthRegisteredFeb 2020First promiseJul 2022Revised toDec 2023

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on19 Feb 2020
  • Promised completion31 Dec 2023
  • Revised completionRevised to 31 Dec 2023 (originally 31 Jul 2022)
  • Buildings1 building record
  • Documents filed63 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Lotus Galaxy---07171

The full filing

Everything below is from the project's own RERA Karnataka filing, free to read.

Construction progress by building1

As on 7 Feb 2020, 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:

ActivityProgress
Earth work and other leveling preparation work-
Foundation footing work-
Retaining wall (All types)-
Plinth level Beam-
Sub-structure flooring (Parking Floor, more than one floor below general ground level)-
RCC or MS Framed structure-
Masonry construction: Bricks, Concrete blocks etc-
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-
Wardrobe, Showcase, Kitchen cabinet, Puja workNot applicable
Fire prevention and fire fighting fitting and fixture with network-
Weather Proof work(tile,concrete)Not applicable
Painting-
Elevation work-
Internal and External work including landscapes as per santioned drawings-

Progress on shared amenities41

As on 7 Feb 2020, 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 facilityProposedProgress
Water SupplyYes-
Internal Roads & FootpathsNoNot applicable
Sewage and Drainage SystemYes-
Parks & Tree plantingNoNot applicable
Street LightingNoNot applicable
Provision for community buildings and for treatment and disposal of sewage and sullage waterNoNot applicable
Solid waste management and disposalNoNot applicable
Water conservationNoNot applicable
Energy managementYes-
Fire protection and fire safety requirementsNoNot applicable
Education/Health/Other public amenitiesNoNot applicable
Electricity supply transformer and substationYes-
Emergency Evacuation servicesNoNot applicable
Storm water drainsNoNot applicable
Use of renewable energyNoNot applicable
Water conservation/rain water harvesting/recharge of ground waterYes-
ElectricityYes-
Smart Home AutomationNoNot applicable
CCTV SurveillanceYes-
Club HouseNoNot applicable
Community HallNoNot applicable
Outdoor Sports facilityNoNot applicable
Indoor Sports facilityNoNot applicable
Swimming PoolNoNot applicable
GymNoNot applicable
ParksNoNot applicable
Power BackupYes-
GasNoNot applicable
Water and SanitationNoNot applicable
Air Conditioning And incerntionNoNot applicable
StaircasesYes-
LiftsYes-
Staircases and Lift lobbies, corridor,lobbies, corridorYes-
Fire escapesYes-
Common entrance and exit for the building / common portico/foyer/verandahYes-
BasementYes-
TerraceYes-
Outer WallYes-
Open parking areas and common storage spacesYes-
Provision for lodging of management staff and security staffNoNot applicable
Water conservation and renewable energyNoNot applicable

Land and ownership9

This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.

Land area1,457 sq m
Named landowners9
LandownerVillageDistrict
Lotus Properties--
UMMER FAROOQ--
ZUBAIDA BANU--
MUMTHAZ--
Rukiya--
U ABDUL KHADER--
Odiyoor Sri VSSN--
U Hammabba--
Loknath G Shetty--

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 8.90 cr

Certifying professionals and partners2

Certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectGokulraj
EngineerK Anil Hegde

Extensions applied for2

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

ExtensionJul 2022 → Apr 2023

No reason recorded in the filing

EX/PRM/KA/RERA/1257/334/PR/230425/003299Apr 2023 → Dec 2023

Reason as filed by the promoterothers

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed63

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/200219/003299 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
Self Attested PANFile: PAN - LOTUS PROPERTIES.PDF7 Feb 2020
Designated Bank Pass BookFile: Bank Account - Passbook.PDF7 Feb 2020
EC 15 Years to up to dateFile: EC -15 Years.pdf7 Feb 2020
Development detailsFile: Development Details.pdf7 Feb 2020
Affidavit under sec 3(1)File: Affidavit -3(1).PDF7 Feb 2020
NOC'S issued by local water supplyFile: NOC Water Supply.pdf7 Feb 2020
Architect Certificate for Work Completion Schedule till DateFile: Form-Ex1 (1).pdf-
Engineer Certificate for Work Completion Schedule till DateFile: Form-Ex5 (1).pdf-
CA Certificate for Funds UtilizationFile: Form-Ex3 Chartered Accountant Certificate For Fund Utilization.pdf-
Architect Certificate for Pending Work Completion Schedule.File: Form-Ex 2 (1).pdf-
Engineer Certificate for Pending Work Completion Schedule.File: Form-Ex6 (2).pdf-
CA Certificate for Funds required for Project CompletionFile: Form-Ex4 Chartered Accountant Certificate For Fund Required.pdf-
AffidavitFile: Form B - Affidavit.pdf-
Latest Encumbrance CertificateFile: EC.pdf-
Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails (1).xlsx-
Licence - Lotus Galaxy_compressed-
Plan-
Plan-
New Agreement - (Rera)-
Sale Deed & RTC-
Plan-
Plan-
ALLOTEMENT LETTER-
elevation-LPP-
Specification LOTUS GALAXY-
EC-Pumpwell-
Form b-
Khatha-
JDA- MOU_compressed-
Sale Deed & RTC-
Conversion Order-
Reliquishment Deed-compressed-
Unnamed document-
NOT APP POWER-
KSPCB - Pumpwell-
Unnamed document-
Plan-
Plan-
Single Site-
Balance Sheet 2018 - 2019File: Not Applicalble Financial Statement.pdf-
Balance Sheet 2017 - 2018File: Not Applicalble Financial Statement.pdf-
Balance Sheet 2016 - 2017File: Not Applicalble Financial Statement.pdf-
Audited Profit and Loss Statement 2018 - 2019File: P &L -ITR.PDF-
Audited Profit and Loss Statement 2017 - 2018File: Not Applicalble Financial Statement.pdf-
Audited Profit and Loss Statement 2016 - 2017File: Not Applicalble Financial Statement.pdf-
Director's Report 2018 - 2019File: Not Applicalble Financial Statement.pdf-
Director's Report 2017 - 2018File: Not Applicalble Financial Statement.pdf-
Director's Report 2016 - 2017File: Not Applicalble Financial Statement.pdf-
Cash Flow Statement 2018 - 2019File: Not Applicalble Financial Statement.pdf-
Cash Flow Statement 2017 - 2018File: Not Applicalble Financial Statement.pdf-
Auditor's Report 2018 - 2019File: Not Applicalble Financial Statement.pdf-
Auditor's Report 2017 - 2018File: Not Applicalble Financial Statement.pdf-
Auditor's Report 2016 - 2017File: Not Applicalble Financial Statement.pdf-
Income Tax Return Acknowledgement 2018 - 2019File: P &L -ITR.PDF-
Income Tax Return Acknowledgement 2017 - 2018File: Not Applicalble Financial Statement.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: Not Applicalble Financial Statement.pdf-
Form b-
Prospectus/BrochureFile: Brouchure.pdf-
Tower Excel SheetFile: PRM_KA_RERA_1257_334_PR_200219_003299.xlsx-
Occupancy CertificateFile: CC - Lotus Galaxy.pdf-
Consent for operation issued by KSPCBFile: Lotus Galaxy - PCB-CC.pdf-
Architect certificate for having completed the work(in format no 5)File: Architect Galaxy.pdf-
Affidavit cum declaration from promoter for having completed the project as per specification and as per adverFile: Affidavit - Galaxy.pdf-

How this compares with Dakshina Kannada

30%of Dakshina Kannada projects moved their completion datethis one moved by 17 months
0%of Dakshina Kannada registrations are shown as withdrawn or revokedthis one is not

Computed across the 620+ Dakshina Kannada projects on ReraGenie, from their own filings.

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Other projects near Dakshina Kannada620+ in Dakshina Kannada

2 kmLOTUS GALAXYOther 41Dot size: filed unitsN

Filed coordinates, straight-line distance. 41 registered projects within 2 km.

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 GALAXY is delayed beyond 31 Dec 2023?

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 GALAXY?

The registered promoter entity is LOTUS 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 LOTUS GALAXY?

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 GALAXY?

The professionals named in the filing: Architect: Gokulraj; Engineer: K Anil Hegde. 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 GALAXY?

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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