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Registration revoked Plotted Development project

MSPP LAYOUT

By EMLAK VENTURES PRIAVTE LIMITED

RG-KA-41279 · RERA PRM/KA/RERA/1251/309/PR/200123/003222 · Last updated on RERA Karnataka portal: 20 Jan 2020

Source: official RERA Karnataka filing

Red flags

  • Registration revoked

Clear

  • Completion date never moved
  • Separate project account declared
Jump to the 59 documents Report an error

MSPP LAYOUT is a Plotted Development project by EMLAK VENTURES PRIAVTE LIMITED in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/309/PR/200123/003222 on 23 Jan 2020. Possession is promised by 31 Mar 2020.

At a glance

Project

  • NameMSPP LAYOUT
  • TypePlotted Development
  • Location
    • Bengaluru North
    • Bengaluru Urban
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PRM/KA/RERA/1251/309/PR/200123/003222
  • ReraGenie IDRG-KA-41279

Builder

  • NameEMLAK VENTURES PRIAVTE LIMITED
  • Entity typeCompany
  • CINU70109KA2017PTC108551
  • Authorized SignatoryDHANANJAYA

Key dates

this monthRegisteredJan 2020PromisedMar 2020

Key facts

Registration and timeline

  • StatusRegistration revoked
  • Registered on23 Jan 2020
  • Promised completion31 Mar 2020
  • Revised completionNone
  • BuildingsNot stated in filing
  • Documents filed59 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.

Land area32,273 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 6.00 cr

Documents filed59

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/200123/003222 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
As the extend is more than 5 Acres the NOC issued by local water supply to be uploadedFile: Emlak - Panchayat letter_Water Supply.pdf20 Jan 2020
Development details is number of plots and detailsFile: Emlak - Project Details.pdf16 Jan 2020
Audit Report FY 2017-18File: Emlak Ventures - Audit Report_2018.pdf14 Jan 2020
Audit Report FY 2018-19File: Emlak - Auditors Report _2019.pdf14 Jan 2020
MR, Survey NumberFile: Emlak - MR - Order.pdf14 Jan 2020
Form -B with Stamp PaperFile: Emlak _Dhananjaya Form B.pdf14 Jan 2020
Affidavit under sec 3(1)File: Emlak _ Dhananjaya Affidavit.pdf14 Jan 2020
Contractor detailsFile: Emlak - Contractor Details.pdf14 Jan 2020
Development detailsFile: Emlak - Develpment Details.pdf14 Jan 2020
EC - 1File: EMLAK Ravi B R - EC_compressed.pdf7 Jan 2020
EC - 2File: EMLAK To MSVP - EC_compressed.pdf7 Jan 2020
BESCOM NOCFile: BESCOM -NOC.pdf7 Jan 2020
KATHAFile: EMALK - KATHA.pdf7 Jan 2020
BDA ApprovalFile: Emlak - BDA Approval.pdf7 Jan 2020
Director Report and Financial FY 2018-19File: Emlak - Directors report_2019.pdf7 Jan 2020
Director Report and Financials FY 2017-18File: EMLAK - Directors report - 2018-compressed.pdf7 Jan 2020
ITR-VFile: EMLAK VENTURES PRIVATE LIMITED_31-Oct-2019_242187881.pdf7 Jan 2020
Sale deedFile: Emlak - Agreement with MSPP.pdf7 Jan 2020
Specification of the projectFile: MSPP Layout Brochure .pdf7 Jan 2020
Approved Layout PlanFile: Soldevanahalli_Approved Layout plan_compressed.pdf7 Jan 2020
Form B -AffidavitFile: Emlak - Affidavit.pdf7 Jan 2020
CertificateFile: Emlak - ROC.pdf-
Emlak - NA-
Soldevanahalli_Approved Layout plan_compressed-
Emlak - BDA Approval-
Emlak - NAV-
Emlak - NAV-
Emlak - MSPP Layout Brochure-
Emlak - NA-
Emlak - Reales Deed-
Emlak - NA-
Emlak - MSPP Layout Brochure-
Emlak - NA-
Emlak - EC-
Emlak - NA-
Emlak - NA-
Emlak - MSPP-
Emlak - Sale Agreement-
Soldevanahalli_Approved Layout plan-
Emlak - Form B-
Emlak - NA-
Balance Sheet 2017 - 2018File: Emlak Ventures - PL ac and Balance Sheet_compressed.pdf-
Balance Sheet 2016 - 2017File: Emlak - NA.pdf-
Balance Sheet 2015 - 2016File: Emlak - NAV.pdf-
Audited Profit and Loss Statement 2017 - 2018File: Emlak Ventures - PL ac and Balance Sheet_compressed.pdf-
Audited Profit and Loss Statement 2016 - 2017File: Emlak - NA.pdf-
Audited Profit and Loss Statement 2015 - 2016File: Emlak - NAV.pdf-
Director's Report 2017 - 2018File: Emlak - NAV.pdf-
Director's Report 2016 - 2017File: Emlak - NA.pdf-
Director's Report 2015 - 2016File: Emlak - NAV.pdf-
Cash Flow Statement 2017 - 2018File: Emlak - NA.pdf-
Cash Flow Statement 2016 - 2017File: Emlak - NAV.pdf-
Auditor's Report 2017 - 2018File: Emlak Ventures - Independent Auditors Report.pdf-
Auditor's Report 2016 - 2017File: Emlak - NAV.pdf-
Auditor's Report 2015 - 2016File: Emlak - NAV.pdf-
Income Tax Return Acknowledgement 2017 - 2018File: Emlak - NAV.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: Emlak - NAV.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: Emlak - NAV.pdf-
Emlak - Form B-

How this compares with Bengaluru Urban

34%of Bengaluru Urban projects moved their completion datethis one has not
1%of Bengaluru Urban registrations are shown as withdrawn or revokedthis one is among them

Computed across the 4,100+ Bengaluru Urban projects on ReraGenie, from their own filings.

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Builder: EMLAK VENTURES PRIAVTE LIMITED

EMLAK VENTURES PRIAVTE LIMITED has 1 registration on RERA Karnataka, including MSPP LAYOUT. 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 does it mean that MSPP LAYOUT shows as registration revoked on RERA Karnataka?

A registration runs until the completion date the promoter declared. If the project is neither completed nor extended by then it lapses, and a de-registration or revocation ends it by order. In every case the promoter may no longer legally advertise, market or sell in the project, and the Authority can act under section 7 against a defaulting promoter. What it does not do is cancel an agreement for sale you have already signed, or extinguish your section 18 right to delay interest or refund; those run from your agreement, not from the registration. Get the current position from the promoter in writing, verify it on the RERA Karnataka portal, and take legal advice before paying any further instalment.

What are my rights if MSPP LAYOUT is delayed beyond 31 Mar 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 MSPP LAYOUT?

The registered promoter entity is EMLAK VENTURES PRIAVTE LIMITED, a company as per the filing. Its CIN U70109KA2017PTC108551 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 MSPP LAYOUT?

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 MSPP LAYOUT?

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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