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Merusri Springs Phase 2
By Merusri Real Estate Developers Pvt Ltd
RG-KA-13735 · RERA PRM/KA/RERA/1250/303/PR/180524/001822 · Last updated on RERA Karnataka portal: 12 Oct 2020
Source: official RERA Karnataka filing
Red flags
- Completion date moved by 12 months
- 1 extension taken
Clear
- No complaints on record
- Separate project account declared
Saved.
Merusri Springs Phase 2 is a Plotted Development project by Merusri Real Estate Developers Pvt Ltd in Bengaluru Rural, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1250/303/PR/180524/001822 on 24 May 2018. Possession is promised by 16 Apr 2020. The completion date has moved by 12 months from the original filing.
At a glance
Project
- NameMerusri Springs Phase 2
- TypePlotted Development
- Location
- Devanahalli
- Bengaluru Rural
- PincodeNot stated
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1250/303/PR/180524/001822
- ReraGenie IDRG-KA-13735
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on24 May 2018
- Promised completion16 Apr 2020
- Revised completionRevised to 16 Apr 2020 (originally 16 Apr 2019)
- BuildingsNot stated in filing
- Documents filed45 files
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
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.
Reason as filed by the promoterAwaiting Approvals
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed45
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/1250/303/PR/180524/001822 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Notarized Affidavit template -6File: affitavit templt 6_compressed.pdf | 12 Oct 2020 |
| CA certificateFile: audit certificate.pdf | 12 Oct 2020 |
| CertificateFile: COI-MERUSRI.pdf | - |
| Engineer Certificate for Work Completion Schedule till DateFile: arctr report_compressed.pdf | - |
| AffidavitFile: form b ms 2.pdf | - |
| Latest Encumbrance CertificateFile: ec latest.pdf | - |
| Details Of Sold/ Un-sold UnitsFile: Merusri springs phase 2.xlsx | - |
| Document 1File: afidavit_compressed.pdf | - |
| Document 2File: consent ltrs part 1.pdf | - |
| Document 3File: 914020045517011 24-05-5018 TO 01-08-2019.pdf | - |
| Document 4File: consnt lttrs part 3.pdf | - |
| Document 5File: consl ltrs Prt 4.pdf | - |
| Document 6File: consen ltrs PART 5.pdf | - |
| Document 7File: CA RERA REPORT MS2.pdf | - |
| Document 8File: affidavit new.pdf | - |
| Document 9File: 914020045517011_01-04-2018_12-02-2020d.pdf | - |
| Document 10File: STRRPA FINAL APPROVAL..pdf | - |
| STRR APPROVAL LETTER-ilovepdf-compressed | - |
| APPROVED PLAN | - |
| APPROVED PLAN | - |
| sale deed draft of SP2 | - |
| sale agreement premoma | - |
| saledeed and ec | - |
| APPROVED PLAN | - |
| ALOT MS 2 DRAFT | - |
| springs Brochure | - |
| STRR APPROVAL LETTER-ilovepdf-compressed | - |
| SPRINGS AMENITIES | - |
| EC | - |
| SALE AGREEMENT | - |
| Conversion Order | - |
| APPROVED PLAN | - |
| Balance Sheet 2015 - 2016File: Balance sheet 2016-17.pdf | - |
| Balance Sheet 2014 - 2015File: Balance sheet 2015.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: PROFIT & LOSS STATEMENT.pdf | - |
| Audited Profit and Loss Statement 2014 - 2015File: profit loss 2015.pdf | - |
| Cash Flow Statement 2015 - 2016File: Computation satement - 16-17.pdf | - |
| Auditor's Report 2015 - 2016File: independent auditors statement 16-17-.pdf | - |
| Auditor's Report 2014 - 2015File: Auditors Report-2015-16.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: Income Tax acknowledgement.pdf | - |
| Income Tax Return Acknowledgement 2014 - 2015File: ITR acnol 2015.pdf | - |
| form b ms 2 | - |
| Prospectus/BrochureFile: Merusri Springs e Brochure_compressed.pdf | - |
| Advertisement Copy 1File: HAVDHABFB.PNG | - |
| Plot Excel SheetFile: PRM_KA_RERA_1250_303_PR_180524_001822.xlsx | - |
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 |
|---|---|---|---|---|
| Merusri Springs Phase 1 | - | Completed | - | No date filed |
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Builder: Merusri Real Estate Developers Pvt Ltd
MERUSRI REAL ESTATE DEVELOPERS Pvt Ltd has 2 registrations on RERA Karnataka, including MERUSRI SPRINGS PHASE 1 and Merusri Springs Phase 2. Its filings declare 1 earlier project, 1 of them declared completed. Read the full track record. See more projects on the Bengaluru Rural district page.
Frequently asked questions
What are my rights if Merusri Springs Phase 2 is delayed beyond 16 Apr 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 Merusri Springs Phase 2?
The registered promoter entity is Merusri Real Estate Developers Pvt Ltd, a company as per the filing. Its CIN U70102KA2014PTC075252 can be cross-checked on the MCA and GST portals. 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 Merusri Springs 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.
What should I check before booking in Merusri Springs 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; 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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