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Registration approved Plotted Development project

Lotus RVP City

By Lotus Landmarks (I) Pvt Ltd

RG-KA-64288 · RERA PRM/KA/RERA/1249/447/PR/180111/000579

Source: official RERA Karnataka filing

Red flags

  • 1 complaint at RERA Karnataka
  • Completion date moved by 9 months
  • 1 extension taken

Clear

  • Separate project account declared
Sep 2021Possession promisedmoved 9 months from the original
1Complaints at RERA Karnatakaon this registration
Jump to the 33 documents Report an error

Lotus RVP City is a Plotted Development project by Lotus Landmarks (I) Pvt Ltd in Belagavi, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1249/447/PR/180111/000579 on 11 Jan 2018. Possession is promised by 30 Sep 2021. The completion date has moved by 9 months from the original filing. 1 complaint is on record with the regulator.

At a glance

Project

  • NameLotus RVP City
  • TypePlotted Development
  • Location
    • Belagavi
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1249/447/PR/180111/000579
  • ReraGenie IDRG-KA-64288

Builder

  • NameLotus Landmarks (I) Pvt Ltd
  • Entity typeCompany
  • Authorized SignatorySatish Waman Giri
  • DirectorNitin Ramakant Garpawar
  • Other registrations3 more →

Key dates

this monthRegisteredJan 2018First promiseDec 2020Revised toSep 2021

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on11 Jan 2018
  • Promised completion30 Sep 2021
  • Revised completionRevised to 30 Sep 2021 (originally 31 Dec 2020)
  • BuildingsNot stated in filing
  • Documents filed33 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 area54,745 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 5.96 cr

Extensions applied for1

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

ExtensionDec 2020 → Sep 2021

No reason recorded in the filing

Complaints filed with RERA Karnataka1

Case no.ComplainantRespondentFiled
CMP/190211/0002094-Lotus Landmarks (I) Pvt Ltd11/02/2019

Documents filed33

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/1249/447/PR/180111/000579 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: 1_Incorporation LLIPL.pdf-
Certificate form Architect,Engineer,CA etc.File: 4_Reason for delay .JPG-
9_CC RVP-
17_layout RVP-
10_layout RVP-
22_Sale Deed - RVP - RERA Draft-
18_ATS RVP -RERA Draft-
11_Location and land document-
19_layout RVP-
12_evelopement plan-
20_Booking Form 2017-
13_booklet-
21_noc-
14_Specs-
16_Encumbrance RVP-
Balance Sheet 2015 - 2016File: 1_B L 16.pdf-
Balance Sheet 2014 - 2015File: 1_B L 2015.pdf-
Balance Sheet 2013 - 2014File: 1_B L 14.pdf-
Audited Profit and Loss Statement 2015 - 2016File: 2_P n L 16.pdf-
Audited Profit and Loss Statement 2014 - 2015File: 2_P L 2015.pdf-
Audited Profit and Loss Statement 2013 - 2014File: 2_P L 14.pdf-
Director's Report 2015 - 2016File: 3_Directors report 16.pdf-
Director's Report 2014 - 2015File: 3_DIRECTORS REPORT.pdf-
Director's Report 2013 - 2014File: 3_Directors Report_14.pdf-
Cash Flow Statement 2015 - 2016File: 4_Cash Flow statement 2016.pdf-
Cash Flow Statement 2014 - 2015File: 5_Casflow statement 2015.pdf-
Auditor's Report 2015 - 2016File: 5_Audit Report_16.pdf-
Auditor's Report 2014 - 2015File: 4_Auditors Report.pdf-
Auditor's Report 2013 - 2014File: 5_Auditors Report_14.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: 6_IT ACKL_16.pdf-
Income Tax Return Acknowledgement 2014 - 2015File: 6_IT_LLIPL_15.pdf-
Income Tax Return Acknowledgement 2013 - 2014File: 6_IT ACK_14.pdf-
15_form B RVP-

How this compares with Belagavi

24%of Belagavi projects moved their completion datethis one moved by 9 months
0%of Belagavi registrations are shown as withdrawn or revokedthis one is not

Computed across the 460+ Belagavi projects on ReraGenie, from their own filings.

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Other projects near Belagavi460+ in Belagavi

Builder: Lotus Landmarks (I) Pvt Ltd

Lotus Landmarks (I) Pvt Ltd has 4 registrations on RERA Karnataka, including Zenith and The one. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Belagavi district page.

Frequently asked questions

What are my rights if Lotus RVP City is delayed beyond 30 Sep 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 Lotus RVP City?

The registered promoter entity is Lotus Landmarks (I) Pvt Ltd, a company 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 RVP City?

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 Lotus RVP City?

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 Lotus RVP City?

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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