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Registration approved Residential/Group Housing project

Magnolia Cedar Court

By Universal Developers

RG-KA-53645 · RERA PRM/KA/RERA/1250/302/PR/181226/002263

Source: official RERA Karnataka filing

Red flags

  • Completion date moved by 43 months
  • 3 extensions taken

Clear

  • No complaints on record
  • Separate project account declared
Dec 2024Possession promisedmoved 43 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 47 documents Report an error

Magnolia Cedar Court is a Residential/Group Housing project by Universal Developers in Ramanagara, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1250/302/PR/181226/002263 on 26 Dec 2018. Possession is promised by 31 Dec 2024. The completion date has moved by 43 months from the original filing.

At a glance

Project

  • NameMagnolia Cedar Court
  • TypeResidential/Group Housing
  • Location
    • Ramanagara
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1250/302/PR/181226/002263
  • ReraGenie IDRG-KA-53645

Builder

  • NameUniversal Developers
  • Entity typePartnership Firm
  • Authorized SignatoryK.S. Raghavendra Naik
  • Other registrations3 more →
  • Declared earlier projects4 →

Key dates

this monthRegisteredDec 2018First promiseMay 2021Revised toDec 2024

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on26 Dec 2018
  • Promised completion31 Dec 2024
  • Revised completionRevised to 31 Dec 2024 (originally 15 May 2021)
  • Buildings1 building record
  • Documents filed47 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
1---62062

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:

ActivityProgress
Earth work and other leveling preparation work-
Foundation footing work-
Retaining wall (All types)Not applicable
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 networkNot applicable
Weather Proof work(tile,concrete)Not applicable
Painting-
Elevation work-
Internal and External work including landscapes as per santioned drawings-

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 facilityProposedProgress
Water SupplyYes-
Internal Roads & FootpathsYes-
Sewage and Drainage SystemYes-
Parks & Tree plantingYes-
Street LightingYes-
Provision for community buildings and for treatment and disposal of sewage and sullage waterYes-
Solid waste management and disposalYes-
Water conservationNoNot applicable
Energy managementNoNot applicable
Fire protection and fire safety requirementsNoNot applicable
Education/Health/Other public amenitiesYes-
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 SurveillanceNoNot applicable
Club HouseYes-
Community HallNoNot applicable
Outdoor Sports facilityYes-
Indoor Sports facilityYes-
Swimming PoolYes-
GymYes-
ParksYes-
Power BackupYes-
GasNoNot applicable
Water and SanitationYes-
Air Conditioning And incerntionNoNot applicable
StaircasesYes-
LiftsYes-
Staircases and Lift lobbies, corridor,lobbies, corridorYes-
Fire escapesNoNot applicable
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 energyYes-

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 area2,179 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 12.50 cr

Extensions applied for3

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

ExtensionMay 2021 → Feb 2022

No reason recorded in the filing

EX/PRM/KA/RERA/1250/302/PR/220819/002263Feb 2022 → Feb 2023

Reason as filed by the promoterForce Majeure

ExtensionFeb 2023 → Dec 2024

No reason recorded in the filing

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed47

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/1250/302/PR/181226/002263 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: REG Certificate.pdf-
Project Details-
Latest Encumbrance CertificateFile: Encumbrance Certificate_compressed.pdf-
Details Of Sold/ Un-sold UnitsFile: NOT SOLD ANY.pdf-
Cedarcourt approval Copy-
GBBSCPA-Approved Plan-
Cedarcourt approval Copy-
Sale deed-
Sale Agreement-
Sale Deed & RTC-
GBBSCPA-Approved Plan-
Allotment Letter-
cedar court e-brochure-
Specification----
Encumbrance Certificate-
Khata & Tax Paid-
Conversion Certificate-
KENCHUNAKUPPE _FINAL_PLAN-PDF-
GBBSCPA-Approved Plan-
Balance Sheet 2017 - 2018File: Balance Sheet (3 Years).pdf-
Balance Sheet 2016 - 2017File: Balance Sheet (3 Years).pdf-
Balance Sheet 2015 - 2016File: Balance Sheet (3 Years).pdf-
Audited Profit and Loss Statement 2017 - 2018File: P & L (3 years).pdf-
Audited Profit and Loss Statement 2016 - 2017File: P & L (3 years).pdf-
Audited Profit and Loss Statement 2015 - 2016File: P & L (3 years).pdf-
Cash Flow Statement 2017 - 2018File: cash flow statement (3 years).pdf-
Cash Flow Statement 2016 - 2017File: cash flow statement (3 years).pdf-
Auditor's Report 2017 - 2018File: Auditors' Report (3 years).pdf-
Auditor's Report 2016 - 2017File: Auditors' Report (3 years).pdf-
Auditor's Report 2015 - 2016File: Auditors' Report (3 years).pdf-
Income Tax Return Acknowledgement 2017 - 2018File: ITR18-19.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: ITR17-18.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: ITR15-16.pdf-
Form B-
Prospectus/BrochureFile: cedar court e-brochure new.pdf-
Advertisement Copy 1File: Magnolia-Cedar Court Leaflet.pdf-
Tower Excel SheetFile: PRMKARERA1250302PR181226002263-3.xlsx-
Stability CertificateFile: 3033916209.pdf-
Occupancy CertificateFile: OC.pdf-
Consent for operation issued by KSPCBFile: Universal KSPCB ack.pdf-
Sanctioned Letter issued by concerned ESCOM of Power sanction and details of transformer installed and whetherFile: ESCOM CEDAR COURT NOC .pdf-
Details of external infrastructure work such as drive way, play area, park, STP and water treatment plant, WheFile: Form6-CC-MAGNOLIA CEDAR COURT.pdf-
Common Area and other amenities facilities are completed or not and details of handling over of the same to asFile: NOT SOLD ANY.pdf-
Details of undivided share of land handed over to the association of allotteesFile: NOT SOLD ANY.pdf-
Architect certificate for having completed the work(in format no 5)File: Form5 - A Closure C-MAGNOLIA CEDAR COURT.pdf-
Chartered Accountant certificate for having completed the work(in format no 4)File: Form4-ColsureC-MAGNOLIA CEDAR COURT.pdf-
Affidavit cum declaration from promoter for having completed the project as per specification and as per adverFile: AFFIDAVIT.pdf-

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.

2 declared completed, no finish date filed
ProjectLocationStatusPromisedDelivered
Magnolia Temple valleywoods-Completed-No date filed
Magnolia Temple Tree-Completed-No date filed

How this compares with Ramanagara

22%of Ramanagara projects moved their completion datethis one moved by 43 months
1%of Ramanagara registrations are shown as withdrawn or revokedthis one is not

Computed across the 81 Ramanagara projects on ReraGenie, from their own filings.

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Other projects near Ramanagara81 in Ramanagara

Builder: Universal Developers

Universal Developers has 4 registrations on RERA Karnataka, including Magnolia Temple Tree and Magnolia Cedar Court. Its filings declare 4 earlier projects, 4 of them declared completed. Read the full track record. See more projects on the Ramanagara district page.

Frequently asked questions

What are my rights if Magnolia Cedar Court is delayed beyond 31 Dec 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 Magnolia Cedar Court?

The registered promoter entity is Universal Developers, 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 Cedar Court?

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 Cedar Court?

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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