Home / Browse projects / Bengaluru Urban, Karnataka / MAGNOLIA PHASE-2
MAGNOLIA PHASE-2
By N D Ventures
RG-KA-04767 · RERA PRM/KA/RERA/1251/446/PR/210702/004168 · Last updated on RERA Karnataka portal: 18 Jun 2021
Source: official RERA Karnataka filing
Red flags
- 1 complaint at RERA Karnataka
Clear
- Completion date never moved
- Separate project account declared
Saved.
MAGNOLIA PHASE-2 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/210702/004168 on 2 Jul 2021. Possession is promised by 31 Dec 2025. 1 complaint is on record with the regulator.
At a glance
Project
- NameMAGNOLIA PHASE-2
- TypeResidential/Group Housing
- Location
- Bengaluru East
- Bengaluru Urban
- PincodeNot stated
- RERA no.PRM/KA/RERA/1251/446/PR/210702/004168
- ReraGenie IDRG-KA-04767
Builder
- NameN D Ventures
- Entity typePartnership Firm
- Authorized SignatoryK.DORASWAMY RAJU
- Board MemberGowramma
- Other registrations1 more →
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on2 Jul 2021
- Promised completion31 Dec 2025
- Revised completionNone
- Buildings7 building records
- Documents filed65 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| A | - | - | - | 16 | 0 | 16 |
| B | - | - | - | 32 | 0 | 32 |
| C | - | - | - | 32 | 0 | 32 |
| D | - | - | - | 40 | 0 | 40 |
| E | - | - | - | 48 | 0 | 48 |
| F | - | - | - | 32 | 0 | 32 |
| Club House | - | - | - | 2 | 0 | 2 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
As on 18 Jun 2021, 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 | - |
| 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 work | Not applicable |
| Fire prevention and fire fighting fitting and fixture with network | Not applicable |
| Weather Proof work(tile,concrete) | - |
| Painting | - |
| Elevation work | - |
| Internal and External work including landscapes as per santioned drawings | - |
Progress on shared amenities41
As on 18 Jun 2021, 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 | - |
| Internal Roads & Footpaths | Yes | - |
| Sewage and Drainage System | Yes | - |
| Parks & Tree planting | Yes | - |
| Street Lighting | Yes | - |
| Provision for community buildings and for treatment and disposal of sewage and sullage water | Yes | - |
| Solid waste management and disposal | Yes | - |
| Water conservation | Yes | - |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Education/Health/Other public amenities | Yes | - |
| Electricity supply transformer and substation | Yes | - |
| Emergency Evacuation services | Yes | - |
| Storm water drains | No | Not applicable |
| Use of renewable energy | No | Not applicable |
| Water conservation/rain water harvesting/recharge of ground water | Yes | - |
| Electricity | Yes | - |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | Yes | - |
| Club House | Yes | - |
| Community Hall | Yes | - |
| Outdoor Sports facility | No | Not applicable |
| Indoor Sports facility | No | Not applicable |
| Swimming Pool | Yes | - |
| Gym | Yes | - |
| Parks | Yes | - |
| Power Backup | Yes | - |
| Gas | No | Not applicable |
| Water and Sanitation | Yes | - |
| Air Conditioning And incerntion | No | Not applicable |
| Staircases | Yes | - |
| Lifts | Yes | - |
| Staircases and Lift lobbies, corridor,lobbies, corridor | 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 and common storage spaces | Yes | - |
| Provision for lodging of management staff and security staff | Yes | - |
| Water conservation and renewable energy | Yes | - |
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 |
|---|---|---|
| N D Ventures | - | - |
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.
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | V V Raju |
| Engineer | SR Associates |
Complaints filed with RERA Karnataka1
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CMP/220802/0009841 | - | N D Ventures | 02/08/2022 |
Documents filed65
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/210702/004168 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Magnolia Phase 2 Bank StatementFile: Bank Statement.pdf | 18 Jun 2021 |
| Bank concerned letter for Magnolia phase 2File: Bank concerned letter.pdf | 18 Jun 2021 |
| Financial DocumentsFile: Financial Documents.pdf | 29 May 2021 |
| Account statementFile: Account statement.pdf | 29 May 2021 |
| SEIAA NOCFile: SEIAA NOC.pdf | 29 May 2021 |
| BWSSB NOCFile: BWSSB NOC.pdf | 29 May 2021 |
| KSPCB NOCFile: KSPCB NOC.pdf | 29 May 2021 |
| documentFile: document.pdf | 29 May 2021 |
| NOC SEIAAFile: SEIAA NOC.pdf | 26 May 2021 |
| Bank Pass BookFile: Bank pass book.pdf | 26 May 2021 |
| admission and reconstitutedFile: admission and reconstituted.pdf | 20 May 2021 |
| account statementFile: account statement.pdf | 20 May 2021 |
| BBMP Approved all PlansFile: BBMP Approved all Plans.pdf | 20 May 2021 |
| bbmp certificateFile: bbmp certificate.pdf | 20 May 2021 |
| conversionFile: conversion.pdf | 20 May 2021 |
| deedFile: deed.pdf | 20 May 2021 |
| ecFile: ec.pdf | 20 May 2021 |
| fee paid receiptFile: fee paid receipt.pdf | 20 May 2021 |
| firm certificateFile: firm certificate.pdf | 20 May 2021 |
| form bFile: form b.pdf | 20 May 2021 |
| gst certificateFile: gst certificate.pdf | 20 May 2021 |
| Head DetailsFile: Head Details.pdf | 20 May 2021 |
| kathaFile: katha.pdf | 20 May 2021 |
| memorandum ackFile: memorandum ack.pdf | 20 May 2021 |
| Noc bwssbFile: Noc bwssb.pdf | 20 May 2021 |
| Noc seiaaFile: Noc seiaa.pdf | 20 May 2021 |
| partnership deedFile: partnership deed.pdf | 20 May 2021 |
| plan licenceFile: plan licence.pdf | 20 May 2021 |
| CertificateFile: Form C.pdf | - |
| NDplan | - |
| Plan | - |
| SD8696 | - |
| frmbnd | - |
| Khata | - |
| Partnership Deed | - |
| Conversion Order | - |
| Unnamed document | - |
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| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Appeal 1 Order CopyFile: 4239.jpg | - |
| Prospectus/BrochureFile: brochure.pdf | - |
| Advertisement Copy 1File: brochure.pdf | - |
| Tower Excel SheetFile: PRMKARERA1251446PR210702004168.xlsx | - |
| Occupancy CertificateFile: OC certificate.pdf | - |
| Affidavit cum declaration from promoter for having completed the project as per specification and as per adverFile: PHASE2 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 PHASE-2 is delayed beyond 31 Dec 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 MAGNOLIA PHASE-2?
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 PHASE-2?
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 MAGNOLIA PHASE-2?
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.
Who certifies construction progress at MAGNOLIA PHASE-2?
The professionals named in the filing: Architect: V V Raju; Engineer: SR Associates. 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 MAGNOLIA PHASE-2?
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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