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MAHAVEER CYGNET
RG-KA-87940 · RERA PRM/KA/RERA/1251/309/PR/171026/000393 · Last updated on RERA Karnataka portal: 15 Jan 2021
Source: official RERA Karnataka filing
Red flags
- 4 complaints at RERA Karnataka
- Completion date moved by 12 months
- 2 extensions taken
Clear
- Separate project account declared
Saved.
MAHAVEER CYGNET is a Residential/Group Housing project by RED CORAL PROPERTIES in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/309/PR/171026/000393 on 26 Oct 2017. Possession is promised by 31 Dec 2020. The completion date has moved by 12 months from the original filing. 4 complaints are on record with the regulator.
At a glance
Project
- NameMAHAVEER CYGNET
- TypeResidential/Group Housing
- Location
- Bengaluru North
- Bengaluru Urban
- PincodeNot stated
- RERA no.PRM/KA/RERA/1251/309/PR/171026/000393
- ReraGenie IDRG-KA-87940
Builder
- NameRED CORAL PROPERTIES
- Entity typePartnership Firm
- Authorized SignatoryKUMBALA PRAVEEN
- OthersKUMBALA PRAVEEN
- Other registrations3 more →
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on26 Oct 2017
- Promised completion31 Dec 2020
- Revised completionRevised to 31 Dec 2020 (originally 31 Dec 2019)
- Buildings3 building records
- Documents filed46 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| BLOCK - A | - | - | - | 40 | 0 | 40 |
| BLOCK - B | - | - | - | 28 | 0 | 28 |
| BLOCK - C | - | - | - | 40 | 0 | 40 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
As on 15 Jan 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) | 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 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 | - |
Progress on shared amenities41
As on 15 Jan 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 | No | Not applicable |
| Provision for community buildings and for treatment and disposal of sewage and sullage water | Yes | - |
| Solid waste management and disposal | Yes | - |
| Water conservation | No | Not applicable |
| 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 | No | Not applicable |
| Storm water drains | Yes | - |
| 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 | Yes | - |
| Indoor Sports facility | Yes | - |
| 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 | 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.
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | ANI SAMBYAL SINGH |
| Engineer | I VEERAIAH |
Extensions applied for2
A revised date filed with the regulator does not change the possession date in your agreement for sale.
No reason recorded in the filing
Reason as filed by the promoterAwaiting Approvals
Complaints filed with RERA Karnataka4
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CMP/201214/0007248 | - | RED CORAL PROPERTIES | 14/12/2020 |
| CMP/210127/0007465 | - | RED CORAL PROPERTIES | 27/01/2021 |
| CMP/210212/0007622 | - | RED CORAL PROPERTIES | 12/02/2021 |
| CMP/211031/0008508 | - | RED CORAL PROPERTIES | 31/10/2021 |
Documents filed46
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/1251/309/PR/171026/000393 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| AffidavitFile: Affidavit in form 6.pdf | 15 Jan 2021 |
| CertificateFile: Registration Certificate.pdf | - |
| Architect Certificate for Work Completion Schedule till DateFile: Architect Work Completion Certificate.pdf | - |
| Engineer Certificate for Work Completion Schedule till DateFile: Engineers certificate for Work status-Mahaveer cygnet.pdf | - |
| CA Certificate for Funds UtilizationFile: Funds Utilized Signed Certificate.PDF | - |
| Architect Certificate for Pending Work Completion Schedule.File: Architect Certificate Pending work.pdf | - |
| Engineer Certificate for Pending Work Completion Schedule.File: Engineers certificate for pending work-Mahaveer cygnet.pdf | - |
| CA Certificate for Funds required for Project CompletionFile: Funds Required Signed Certificate.PDF | - |
| AffidavitFile: Affidavit RERA.pdf | - |
| Latest Encumbrance CertificateFile: EC COPY.pdf | - |
| Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails.xlsx | - |
| NOC DetailsFile: 01-CYGNET KSPCB NOC 22-5-2017.pdf | - |
| Document 1File: Comencement Certificate.pdf | - |
| Document 2File: Bank statement Cygnet.pdf | - |
| floor plan | - |
| floor plan | - |
| site plan | - |
| proforma Sale Deed | - |
| proforma SALE AGREEMENT | - |
| CYGNET CO ORDINATE | - |
| section and elevation | - |
| site plan | - |
| BOOKING FORM - ALLOTMENT | - |
| Cygnet-brochure | - |
| NOC_Compressed | - |
| SPECIFICATION & AMENITIES | - |
| mahaveer cygnet encumebrance certificate | - |
| khatha copy | - |
| 01-JOINT DEVELOPMENT AGREEMENRT | - |
| CONVERSION COPY | - |
| BESCOM NOC | - |
| 01-CYGNET KSPCB NOC 22-5-2017 | - |
| section plan | - |
| Balance Sheet 2015 - 2016File: 02-balance sheet.pdf | - |
| Balance Sheet 2014 - 2015File: balance sheet.pdf | - |
| Balance Sheet 2013 - 2014File: Balance Sheet.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: 02-profit and loss account.pdf | - |
| Audited Profit and Loss Statement 2014 - 2015File: Profit and loss account.pdf | - |
| Audited Profit and Loss Statement 2013 - 2014File: Profit and Loss account.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: 06-ITR copy.pdf | - |
| Income Tax Return Acknowledgement 2014 - 2015File: ITR Copy.pdf | - |
| Income Tax Return Acknowledgement 2013 - 2014File: ITR copy.pdf | - |
| Cygnet-Affidavit | - |
| Prospectus/BrochureFile: Cygnet Leaflet_final_May18.pdf | - |
| Advertisement Copy 1File: Cygnet Leaflet_final_May18.pdf | - |
| Tower Excel SheetFile: Cygnet_PRM_KA_RERA_1251_309_PR_171026_000393 (1).xlsx | - |
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Builder: RED CORAL PROPERTIES
RED CORAL PROPERTIES has 4 registrations on RERA Karnataka, including MAHAVEER CYGNET and MAHAVEER CARNATION. 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 MAHAVEER CYGNET is delayed beyond 31 Dec 2020?
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 MAHAVEER CYGNET?
The registered promoter entity is RED CORAL PROPERTIES, 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 MAHAVEER CYGNET?
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 MAHAVEER CYGNET?
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 MAHAVEER CYGNET?
The professionals named in the filing: Architect: ANI SAMBYAL SINGH; Engineer: I VEERAIAH. 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 MAHAVEER CYGNET?
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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