Home / Browse projects / Bengaluru Urban, Karnataka / LVS Classic Phase 1
LVS Classic Phase 1
By LVS Builders and Developers
RG-KA-91084 · RERA PRM/KA/RERA/1251/446/PR/120123/005614 · Last updated on RERA Karnataka portal: 6 Jan 2023
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.
LVS Classic Phase 1 is a Residential/Group Housing project by LVS Builders and Developers in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/446/PR/120123/005614 on 12 Jan 2023. Possession is promised by 31 Mar 2025.
At a glance
Project
- NameLVS Classic Phase 1
- TypeResidential/Group Housing
- Location
- Bengaluru East
- Bengaluru Urban
- 560036
- Pincode560036
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1251/446/PR/120123/005614
- ReraGenie IDRG-KA-91084
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on12 Jan 2023
- Promised completion31 Mar 2025
- Revised completionNone
- Buildings2 building records
- Documents filed121 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| A Block | - | - | - | 56 | 0 | 56 |
| B Block | - | - | - | 36 | 0 | 36 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
As on 6 Jan 2023, 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) | Not applicable |
| 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 | Not applicable |
| 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 6 Jan 2023, 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 | Yes | - |
| Emergency Evacuation services | Yes | - |
| Internal Roads & Footpaths | Yes | - |
| Electricity supply transformer and substation | Yes | - |
| Storm water drains | Yes | - |
| Use of renewable energy | Yes | - |
| Sewage Treatment Plant (STP) | Yes | - |
| Parks & Tree planting | Yes | - |
| Street Lighting | Yes | - |
| Electricity | Yes | - |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | Yes | - |
| Club House | Yes | - |
| Community Hall | Yes | - |
| Outdoor Sports facility | Yes | - |
| Indoor Sports facility | Yes | - |
| Swimming Pool | Yes | - |
| Gym | Yes | - |
| Parks | Yes | - |
| Power Backup | Yes | - |
| Piped Gas | No | Not applicable |
| Water and Sanitation | Yes | - |
| 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 | Yes | - |
| Basement | No | Not applicable |
| Terrace | Yes | - |
| Outer Wall | Yes | - |
| Open parking areas | No | Not applicable |
| Provision for lodging of management staff and security staff | Yes | - |
| Water conservation and renewable energy | Yes | - |
| Common storage spaces | No | Not applicable |
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 |
|---|---|---|
| Y Srinivas | - | - |
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 21.15 cr | - |
| Payment of taxes | Rs 90.00 lakh | - |
| Offsite Expenditure Admin Marketing Etc | Rs 74.15 lakh | - |
| On-site expenditure-Salaries of workers | Rs 68.10 lakh | - |
| Payment of fees | Rs 33.75 lakh | - |
| Principal sum and interest payable to financial institutions-Money Lenders on construction funding or money borrowed for construction | Rs 25.00 lakh | - |
| Principal sum and interest payable to financial institutions-Scheduled Banks | Rs 20.00 lakh | - |
| On-site expenditure-Consultants Fees | Rs 15.00 lakh | - |
| On-site expenditure-Cost Of Services(Water, Electricity, Sewage) | Rs 15.00 lakh | - |
| On-site expenditure-Site Overhead | Rs 12.00 lakh | - |
| Principal sum and interest payable to financial institutions-Non Banking financial institution (NBFC) | Rs 10.00 lakh | - |
Certifying professionals and partners3
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | B V Narendranath Reddy |
| Engineer | Bhaskar Y |
| Chartered Accountant | Y Radha krishna |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed121
As listed on the registration, under the names the promoter filed them with; the newest 80 of 121 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1251/446/PR/120123/005614 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Annual Audit reportFile: Clarification on Annual Audit report.pdf | 6 Jan 2023 |
| No litigation affidavitFile: No litigation affidavit.pdf | 6 Jan 2023 |
| Single Lay out plan & approvalFile: Clarification on Single layout plan & approval.pdf | 6 Jan 2023 |
| Commencement certificateFile: Clarification on Commencement Certificate.pdf | 6 Jan 2023 |
| Carpet Area DetailsFile: Carpet Area Details.pdf | 24 Dec 2022 |
| Visitor Parking Area ClarificationFile: Visitor parking area clarification.pdf | 24 Dec 2022 |
| Building LicenseFile: Building License.pdf | 24 Dec 2022 |
| ZR Showing the Nala BufferFile: ZR Showing the Nala Buffer.pdf | 24 Dec 2022 |
| Brief estimated cost of construction for civil worksFile: LVS CLASSIC PHASE 1 Estimation.pdf | 24 Dec 2022 |
| Project Specification with Project name and addressFile: SPECIFICATIONS WITH PROJECT NAME AND ADDRESS.pdf | 24 Dec 2022 |
| Proforma of Allotment letterFile: Allotment Letter.pdf | 24 Dec 2022 |
| Proforma of Agreement for saleFile: Proforma of Agreement for Sale.pdf | 24 Dec 2022 |
| Water NOC Fee Receipt AffidavitFile: Affidavit for Loss of Water NOC Fee Receipt.pdf | 24 Dec 2022 |
| BESCOM NOC applied Acknowledgement with copy of fee receiptFile: BESCOM NOC Applied Ack and Fee Paid Receipt.pdf | 24 Dec 2022 |
| STP design drawingFile: STP Design Drawing.pdf | 24 Dec 2022 |
| Section 3(1) notarized affidavit with project addressFile: Notarized Affidavit for 3(1).pdf | 24 Dec 2022 |
| RTC, survey 24 | - |
| Mutation, survey 24 | - |
| Encumbrance Certificate, survey 24 | - |
| Conversion/Alienation Order, survey 24 | - |
| Sale/Title/Gift Deed, survey 24 | - |
| JDA, survey 24 | - |
| Khatha, survey 24 | - |
| Registration CertificateFile: Annexure - 1 LVS Registration.jpg | - |
| Partnership DeedFile: Annexure-17 Partnership deed.pdf | - |
| Partner Details | - |
| Partner Details | - |
| Certificate issued by CA Form 1File: Annexure-57 Form 1 CA Certificate.pdf | - |
| Certificate issued by Architect Form 2File: Annexure-59 Form -2 Architect.pdf | - |
| Certificate issued by Engineer Form 3File: Annexure-58 Form 3 Engineer Certificat.pdf | - |
| Project Chartered Accountant | - |
| Project Engineer | - |
| Project Architect | - |
| AffidavitFile: Annexure-45 Non Litigation affidavit.pdf | - |
| Certificate from Chartered AccountFile: Annexure-56 CA Certificate.pdf | - |
| Balance Sheet 2021 - 2022File: Annexure-60 1 Balance Sheet F Y 21-22.jpg | - |
| Balance Sheet 2020 - 2021File: Annexure-60 2 Balance Sheet F Y 20-21.jpg | - |
| Balance Sheet 2019 - 2020File: Annexure-60 3 Balance Sheet F Y 19-20.jpg | - |
| Audited Profit and Loss Statement 2021 - 2022File: Annexure-61 1 P&L F Y 21-22.jpg | - |
| Audited Profit and Loss Statement 2020 - 2021File: Annexure-61 2 P&L F Y 20-21.jpg | - |
| Audited Profit and Loss Statement 2019 - 2020File: Annexure-61 3 P&L F Y 19-20.jpg | - |
| Director's Report 2021 - 2022File: Annexure-62 1 NA.pdf | - |
| Director's Report 2020 - 2021File: Annexure-62 2 NA.pdf | - |
| Director's Report 2019 - 2020File: Annexure-62 3 NA.pdf | - |
| Cash Flow Statement 2021 - 2022File: Annexure-63 1 NA.pdf | - |
| Cash Flow Statement 2020 - 2021File: Annexure-63 2 NA.pdf | - |
| Auditor's Report 2021 - 2022File: Annexure-64 1 Audit Report F Y 2021-22.pdf | - |
| Auditor's Report 2020 - 2021File: Annexure-64 2 Audit Report F Y 2020-21.pdf | - |
| Auditor's Report 2019 - 2020File: Annexure-64 3 Audit Report F Y 2019-20.pdf | - |
| Income Tax Return Acknowledgement 2021 - 2022File: Annexure-65 1 ITR F Y 2021-22.pdf | - |
| Income Tax Return Acknowledgement 2020 - 2021File: Annexure-65 2 ITR F Y 2020-21.pdf | - |
| Income Tax Return Acknowledgement 2019 - 2020File: Annexure-65 3 ITR F Y 2019-20.pdf | - |
| Annexure-67 NA | - |
| Annexure-68 NA | - |
| Annexure-69 Panchayati Water NOC | - |
| Annexure-70 All Plans | - |
| Annexure-71 Site Plan | - |
| Annexure-72 NA | - |
| Annexure-73 Section & Elevation | - |
| Annexure-74 Section & Elevation | - |
| Annexure-75 SPECIFICATIONS | - |
| Annexure-76 Section & Elevation | - |
| Annexure-77 Site Plan | - |
| Annexure-78 Stuctural Stability Certificate | - |
| Annexure-79 Advocate Search Report | - |
| Annexure-80 NA | - |
| Annexure-81 JDA | - |
| Annexure-82 Conversion Order | - |
| Annexure-83 NA | - |
| Annexure-84 Conversion Order | - |
| Annexure-85 NA | - |
| Annexure-86 Proforma of Agreement for Sale | - |
| Annexure-87 Proforma of Allotment Letter | - |
| Annexure-89 Under Process | - |
| Annexure-90 Form B | - |
| Annexure-91 Notarized Affidavit for 3(1) Voliation | - |
| Annexure-92 JD Affidavit cum declaration | - |
| Annexure-93 NA | - |
| Annexure-94 Panchayati Water NOC | - |
| Annexure-95 79AB PTCL | - |
Promoter's earlier projects2
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 |
|---|---|---|---|---|
| LVS Heights | Sy No.54, Halehalli Village, KR Puram | Ongoing | Dec 2022 | Not delivered |
| LVS Gardenia Phase 2 | Sy No.24/2, Halehalli Village, KR Puram | Completed | - | No date filed |
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Builder: LVS Builders and Developers
LVS Builders and Developers has 4 registrations on RERA Karnataka, including LVS Classic Phase 1 and LVS Paradise. Its filings declare 6 earlier projects, 5 of them declared completed. Read the full track record. See more projects on the Bengaluru Urban district page.
Frequently asked questions
What are my rights if LVS Classic Phase 1 is delayed beyond 31 Mar 2025?
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 LVS Classic Phase 1?
The registered promoter entity is LVS Builders and Developers, a partnership firm as per the filing. Its GSTIN 29AADFL9366M1ZI 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 LVS Classic Phase 1?
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 LVS Classic Phase 1?
The professionals named in the filing: Architect: B V Narendranath Reddy; Engineer: Bhaskar Y; Chartered Accountant: Y Radha krishna. 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 LVS Classic Phase 1?
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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