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MAGNUM
RG-KA-10549 · RERA PRM/KA/RERA/1257/333/PR/171019/000695
Source: official RERA Karnataka filing
Red flags
- Completion date moved by 6 months
- 1 extension taken
Clear
- No complaints on record
- Separate project account declared
Saved.
MAGNUM is a Residential/Group Housing project by CITADEL DEVELOPERS in Dakshina Kannada, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1257/333/PR/171019/000695 on 19 Oct 2017. Possession is promised by 30 Sep 2019. The completion date has moved by 6 months from the original filing.
At a glance
Project
- NameMAGNUM
- TypeResidential/Group Housing
- Location
- Dakshina Kannada
- PincodeNot stated
- RERA no.PRM/KA/RERA/1257/333/PR/171019/000695
- ReraGenie IDRG-KA-10549
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on19 Oct 2017
- Promised completion30 Sep 2019
- Revised completionRevised to 30 Sep 2019 (originally 31 Mar 2019)
- Buildings1 building record
- Documents filed50 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| MAGNUM | - | - | - | 11 | 0 | 11 |
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 | - |
| 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 | - |
| Weather Proof work(tile,concrete) | - |
| 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 facility | Proposed | Progress |
|---|---|---|
| Water Supply | Yes | - |
| Internal Roads & Footpaths | No | Not applicable |
| Sewage and Drainage System | Yes | - |
| Parks & Tree planting | Yes | - |
| 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 | Yes | - |
| Water conservation | Yes | - |
| Energy management | Yes | - |
| 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 | Yes | - |
| Water conservation/rain water harvesting/recharge of ground water | Yes | - |
| Electricity | Yes | - |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | Yes | - |
| Club House | No | Not applicable |
| Community Hall | No | Not applicable |
| Outdoor Sports facility | No | Not applicable |
| Indoor Sports facility | No | Not applicable |
| Swimming Pool | Yes | - |
| Gym | Yes | - |
| Parks | No | Not applicable |
| Power Backup | Yes | - |
| Gas | Yes | - |
| 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 | Yes | - |
| Common entrance and exit for the building / common portico/foyer/verandah | Yes | - |
| Basement | Yes | - |
| Terrace | Yes | - |
| Outer Wall | Yes | - |
| Open parking areas and common storage spaces | No | Not applicable |
| Provision for lodging of management staff and security staff | Yes | - |
| Water conservation and renewable energy | Yes | - |
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.
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | UPALEKAR SADEKAR |
| Engineer | K ANIL HEGDE |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterShortage of Building Materials, Concrete, Jalli etc; Force Majeure
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed50
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/1257/333/PR/171019/000695 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: img225.jpg | - |
| Architect Certificate for Work Completion Schedule till DateFile: ARCHITECT CERTIFICATE FOR WORK COMPLETED20190327_16572027.pdf | - |
| Engineer Certificate for Work Completion Schedule till DateFile: ENGINEER CERTIFICATE FOR COMPLETED WORK20190327_16595633.pdf | - |
| CA Certificate for Funds UtilizationFile: FUND UTILISATION-CA CERTIFICATE.pdf | - |
| Architect Certificate for Pending Work Completion Schedule.File: ARCHITECT CERTIFICATE FOR PENDING WORK20190327_16582514.pdf | - |
| Engineer Certificate for Pending Work Completion Schedule.File: ENGINEER CERTIFICATE FOR PENDING WORK20190327_16592864.pdf | - |
| CA Certificate for Funds required for Project CompletionFile: FUND REQUIREMENT-CA CERTIFICATE.pdf | - |
| AffidavitFile: AFFIDAVIT FOR PROJECT EXTENSION FINAL20190823_14051798.pdf | - |
| Latest Encumbrance CertificateFile: MAGNUM EC.jpg | - |
| Consent letter from 2/3rd of AllotteesFile: CONSENT LETTER NEW.pdf | - |
| Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails.xlsx | - |
| Document 1File: LETTER20190706_15134569.pdf | - |
| Document 2File: SBI statement.pdf | - |
| Document 3File: AFFIDAVIT FOR PROJECT EXTENSION FINAL20190823_14051798.pdf | - |
| MAG LIC | - |
| MAGNUM DRAWING 1 | - |
| MAGNUM Sale Deed RERA (1) | - |
| magnum AGREEMENT format for RERA (1) | - |
| JOINT DEVELOPMENT | - |
| MAGNUM DRAWING 2 | - |
| sINGLE sITE MAG | - |
| ALLOTMENT LETTER FORMAT | - |
| MAG BRO | - |
| NOC MAG | - |
| magnum specification | - |
| MAGNUM EC | - |
| img041 | - |
| JOINT DEVELOPMENT | - |
| Conversion | - |
| Balance Sheet 2015 - 2016File: BAL SHEET 2016.jpg | - |
| Balance Sheet 2014 - 2015File: BS 2015.jpg | - |
| Balance Sheet 2013 - 2014File: BS 2014.jpg | - |
| Audited Profit and Loss Statement 2015 - 2016File: PL 2016.jpg | - |
| Audited Profit and Loss Statement 2014 - 2015File: P L 2015.jpg | - |
| Audited Profit and Loss Statement 2013 - 2014File: P L 2014.jpg | - |
| Cash Flow Statement 2015 - 2016File: 2016-17.pdf | - |
| Cash Flow Statement 2014 - 2015File: 2015-16.pdf | - |
| Auditor's Report 2015 - 2016File: AU REP 2016.jpg | - |
| Auditor's Report 2014 - 2015File: AU REP 2015.jpg | - |
| Income Tax Return Acknowledgement 2015 - 2016File: 2016.jpg | - |
| Income Tax Return Acknowledgement 2014 - 2015File: 2015.jpg | - |
| Income Tax Return Acknowledgement 2013 - 2014File: 2014.jpg | - |
| magnum form B | - |
| Prospectus/BrochureFile: MAG BRO.pdf | - |
| Advertisement Copy 1File: MAG BRO.pdf | - |
| Tower Excel SheetFile: PRM_KA_RERA_1257_333_PR_171019_000695 (1).xlsx | - |
| Occupancy CertificateFile: MAGNUM COMPLETION20190917_17233744.pdf | - |
| Completion certificateFile: MAGNUM COMPLETION20190917_17233744.pdf | - |
| Registered Agreement of SaleFile: 8th floor agreement 20190917_18141073.pdf | - |
| Registered conveyance deed for an individual unitFile: Sale deed20190917_18190021.pdf | - |
Promoter's earlier projects1
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 |
|---|---|---|---|---|
| WOODVILLE | - | Completed | - | No date filed |
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How this compares with Dakshina Kannada
Computed across the 620+ Dakshina Kannada projects on ReraGenie, from their own filings.
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See every Dakshina Kannada project, with the district possession charts
Builder: CITADEL DEVELOPERS
CITADEL DEVELOPERS has 8 registrations on RERA Karnataka, including MAGNUM and AURUM. Its filings declare 9 earlier projects, 6 of them declared completed. Read the full track record. See more projects on the Dakshina Kannada district page.
Frequently asked questions
What are my rights if MAGNUM is delayed beyond 30 Sep 2019?
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 MAGNUM?
The registered promoter entity is CITADEL 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 MAGNUM?
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 MAGNUM?
The professionals named in the filing: Architect: UPALEKAR SADEKAR; Engineer: K ANIL HEGDE. 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 MAGNUM?
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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