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MAGNOLIA
By N.D Ventures
RG-KA-28712 · RERA PRM/KA/RERA/1251/446/PR/180130/002283
Source: official RERA Karnataka filing
Red flags
- Completion date moved by 9 months
- 1 extension taken
Clear
- No complaints on record
- Separate project account declared
Saved.
MAGNOLIA is a Residential/Group Housing project by N.D Ventures in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/446/PR/180130/002283 on 30 Jan 2018. Possession is promised by 30 Aug 2021. The completion date has moved by 9 months from the original filing.
At a glance
Project
- NameMAGNOLIA
- TypeResidential/Group Housing
- Location
- Bengaluru East
- Bengaluru Urban
- PincodeNot stated
- RERA no.PRM/KA/RERA/1251/446/PR/180130/002283
- ReraGenie IDRG-KA-28712
Builder
- NameN.D Ventures
- Entity typePartnership Firm
- Authorized SignatoryM.Nagaraj
- Other registrations1 more →
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on30 Jan 2018
- Promised completion30 Aug 2021
- Revised completionRevised to 30 Aug 2021 (originally 30 Nov 2020)
- Buildings1 building record
- Documents filed14 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| MAGNOLIA | - | - | - | 176 | 0 | 176 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
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 | - |
| 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 | Not applicable |
| Basic work of Water supply, Sanitary and Electrification | Not applicable |
| Dadoing, Skirting, Flooring, Tiles work (All types) | Not applicable |
| Railing and Grill fixing | Not applicable |
| Electrification, Water supply and Sanitary Finishing | - |
| Wardrobe, Showcase, Kitchen cabinet, Puja work | Not applicable |
| Fire prevention and fire fighting fitting and fixture with network | Not applicable |
| Weather Proof work(tile,concrete) | Not applicable |
| Painting | - |
| Elevation work | - |
| Internal and External work including landscapes as per santioned drawings | Not applicable |
Progress on shared amenities41
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 | - |
| Internal Roads & Footpaths | No | Not applicable |
| Sewage and Drainage System | No | Not applicable |
| Parks & Tree planting | No | Not applicable |
| Street Lighting | No | Not applicable |
| Provision for community buildings and for treatment and disposal of sewage and sullage water | No | Not applicable |
| Solid waste management and disposal | No | Not applicable |
| Water conservation | No | Not applicable |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Education/Health/Other public amenities | No | Not applicable |
| Electricity supply transformer and substation | No | Not applicable |
| Emergency Evacuation services | No | Not applicable |
| Storm water drains | No | Not applicable |
| Use of renewable energy | No | Not applicable |
| Water conservation/rain water harvesting/recharge of ground water | No | Not applicable |
| Electricity | Yes | - |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | No | Not applicable |
| 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 | No | Not applicable |
| Gas | No | Not applicable |
| Water and Sanitation | No | Not applicable |
| Air Conditioning And incerntion | No | Not applicable |
| Staircases | Yes | - |
| Lifts | No | Not applicable |
| Staircases and Lift lobbies, corridor,lobbies, corridor | No | Not applicable |
| Fire escapes | No | Not applicable |
| Common entrance and exit for the building / common portico/foyer/verandah | No | Not applicable |
| Basement | No | Not applicable |
| Terrace | No | Not applicable |
| Outer Wall | No | Not applicable |
| Open parking areas and common storage spaces | No | Not applicable |
| Provision for lodging of management staff and security staff | No | Not applicable |
| Water conservation and renewable energy | No | Not applicable |
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.
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.
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
No reason recorded in the filing
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed14
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/1251/446/PR/180130/002283 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| CertificateFile: Registration of Forms copy.jpeg | - |
| ND-Plan2 | - |
| Sale Deed | - |
| ND-Plan2 | - |
| ND-EC | - |
| Khata | - |
| PARTNERSHIP DEED (2) | - |
| ND-Conversaion order | - |
| Pollution Control Board acknowledge | - |
| BDA NOC | - |
| ND form B | - |
| Tower Excel SheetFile: PRMKARERA1251446PR180130002283.xlsx | - |
| Occupancy CertificateFile: O C.pdf | - |
| Affidavit cum declaration from promoter for having completed the project as per specification and as per adverFile: MAGNOLIA AFFIDAVIT.pdf | - |
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Builder: N.D Ventures
N.D Ventures has 2 registrations on RERA Karnataka, including MAGNOLIA and MAGNOLIA PHASE-2. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Bengaluru Urban district page.
Frequently asked questions
What are my rights if MAGNOLIA is delayed beyond 30 Aug 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 MAGNOLIA?
The registered promoter entity is N.D Ventures, 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 MAGNOLIA?
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 MAGNOLIA?
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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