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MVS Paradise
RG-KA-50413 · RERA PRM/KA/RERA/1251/446/PR/171031/001037
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No complaints on record
- Completion date never moved
- Separate project account declared
Saved.
MVS Paradise is a Residential/Group Housing project by MVS Developers in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/446/PR/171031/001037 on 31 Oct 2017. Possession is promised by 31 Dec 2018.
At a glance
Project
- NameMVS Paradise
- TypeResidential/Group Housing
- Location
- Bengaluru East
- Bengaluru Urban
- PincodeNot stated
- RERA no.PRM/KA/RERA/1251/446/PR/171031/001037
- ReraGenie IDRG-KA-50413
Builder
- NameMVS Developers
- Entity typePartnership Firm
- Authorized SignatoryJ Muralidhar Reddy
- OthersSyed Shakeel Anjum, Vijaya Kumar M, P Kamala
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on31 Oct 2017
- Promised completion31 Dec 2018
- Revised completionNone
- BuildingsNot stated in filing
- Documents filed37 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.
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed37
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/171031/001037 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: MVS Developers Firm Regn Certificate.pdf | - |
| CC | - |
| BuildingPlan | - |
| NOT-APPLICABLE | - |
| INSUFFICIENT-FILE-SIZE | - |
| INSUFFICIENT-FILE-SIZE | - |
| SaleDeed | - |
| NOT-APPLICABLE | - |
| NOT-APPLICABLE | - |
| Proforma Booking Letter | - |
| INSUFFICIENT-FILE-SIZE | - |
| NOT-APPLICABLE | - |
| INSUFFICIENT-FILE-SIZE | - |
| EC | - |
| Khata | - |
| JDA | - |
| LegalOpinion | - |
| ConvertionCertificate | - |
| Balance Sheet 2015 - 2016File: Balance Sheet - 2016.pdf | - |
| Balance Sheet 2014 - 2015File: Balance Sheet - 2015.pdf | - |
| Balance Sheet 2013 - 2014File: Balance Sheet - 2014.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: P & L - 2016.pdf | - |
| Audited Profit and Loss Statement 2014 - 2015File: NOT-APPLICABLE.pdf | - |
| Audited Profit and Loss Statement 2013 - 2014File: NOT-APPLICABLE.pdf | - |
| Director's Report 2015 - 2016File: NOT-APPLICABLE.pdf | - |
| Director's Report 2014 - 2015File: NOT-APPLICABLE.pdf | - |
| Director's Report 2013 - 2014File: NOT-APPLICABLE.pdf | - |
| Auditor's Report 2015 - 2016File: NOT-APPLICABLE.pdf | - |
| Auditor's Report 2014 - 2015File: NOT-APPLICABLE.pdf | - |
| Auditor's Report 2013 - 2014File: NOT-APPLICABLE.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: ITR ack -2016.pdf | - |
| Income Tax Return Acknowledgement 2014 - 2015File: ITR Ack - 2015.pdf | - |
| Income Tax Return Acknowledgement 2013 - 2014File: ITR - ACK-2014.pdf | - |
| Occupancy CertificateFile: OCCUPANCY-CERTIFICATE.pdf | - |
| Completion certificateFile: NOT-APPLICABLE.pdf | - |
| Registered Agreement of SaleFile: NOT-APPLICABLE.pdf | - |
| Registered conveyance deed for an individual unitFile: SALE-DEED.pdf | - |
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Builder: MVS Developers
MVS Developers has 1 registration on RERA Karnataka, including MVS Paradise. 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 MVS Paradise is delayed beyond 31 Dec 2018?
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 MVS Paradise?
The registered promoter entity is MVS 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 MVS Paradise?
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 MVS Paradise?
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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