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Registration approved Plotted Development project

NAG GRAND CITY

By NAG PROPERTIES LLP

RG-KA-43980 · RERA PRM/KA/RERA/1251/310/PR/181226/002257

Source: official RERA Karnataka filing

Red flags

  • Completion date moved by 9 months
  • 1 extension taken

Clear

  • No complaints on record
  • Separate project account declared
Feb 2021Possession promisedmoved 9 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 29 documents Report an error

NAG GRAND CITY is a Plotted Development project by NAG PROPERTIES LLP in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/310/PR/181226/002257 on 26 Dec 2018. Possession is promised by 5 Feb 2021. The completion date has moved by 9 months from the original filing.

At a glance

Project

  • NameNAG GRAND CITY
  • TypePlotted Development
  • Location
    • Bengaluru South
    • Bengaluru Urban
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1251/310/PR/181226/002257
  • ReraGenie IDRG-KA-43980

Builder

  • NameNAG PROPERTIES LLP
  • Entity typePartnership Firm
  • Authorized SignatoryJITENDRA NAG REDDY CHITAMURU

Key dates

this monthRegisteredDec 2018First promiseMay 2020Revised toFeb 2021

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on26 Dec 2018
  • Promised completion5 Feb 2021
  • Revised completionRevised to 5 Feb 2021 (originally 5 May 2020)
  • BuildingsNot stated in filing
  • Documents filed29 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 area30,351 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 4.50 cr

Extensions applied for1

A revised date filed with the regulator does not change the possession date in your agreement for sale.

ExtensionMay 2020 → Feb 2021

No reason recorded in the filing

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed29

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/1251/310/PR/181226/002257 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: Certificate of LLP Incorporation.PDF-
15 NAG Grandcity Final Approved Plan-ilovepdf-compressed-
NAG Grandcity final approved plan and letter-
11 Sale Deed - 17-1 & 41-10-ilovepdf-compressed-
15 NAG Grandcity Final Approved Plan-ilovepdf-compressed-
13a Survey No 17-1 & 41-10 Merge Sale Deed final approved plan and letters-
15 NAG Grandcity Final Approved Plan-ilovepdf-compressed-
15 NAG Grandcity Final Approved Plan-ilovepdf-compressed-
09 Allotment Letter-
10 Nag_Grand City_Brochure_Final-
15 NAG Grandcity Final Approved Plan-ilovepdf-compressed-
04 ec-
13b RTC-
12 NAG Grandcity - 2017 - MOU-ilovepdf-compressed-
CONVERSION ORDER RELINQUISHMENT DEED CHANGE OF LAND USE SALE AGREEMENT-
15 NAG Grandcity Final Approved Plan-ilovepdf-compressed-
15 NAG Grandcity Final Approved Plan-ilovepdf-compressed-
15 NAG Grandcity Final Approved Plan-ilovepdf-compressed-
17 Legal Opinions-
Balance Sheet 2016 - 2017File: 01A NAG PROPERTIES LLP - (AY- 2018-2019) (FY- 2017-2018) Balance Sheet.pdf-
Balance Sheet 2015 - 2016File: 02A NAG PROPERTIES LLP - (AY- 2017- 2018) (FY- 2016-2017) - Balance Sheet.pdf-
Audited Profit and Loss Statement 2016 - 2017File: 01B NAG PROPERTIES LLP - (AY- 2018-2019) (FY- 2017-2018) Profit & Loss Account.pdf-
Audited Profit and Loss Statement 2015 - 2016File: 02B NAG PROPERTIES LLP - (AY- 2017- 2018) (FY- 2016-2017) - Profit & Loss Account.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: 01C NAG PROPERTIES LLP - (AY- 2018-2019) (FY- 2017-2018) IT Acknowledgement.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: 02C NAG PROPERTIES LLP - (AY- 2017- 2018) (FY- 2016-2017) - IT Acknowledgement.pdf-
Declaration new-
Prospectus/BrochureFile: Nag_Grand City - Brochure - RERA.pdf-
Advertisement Copy 1File: NAG Grand City - Advetisement.pdf-
Plot Excel SheetFile: PRM_KA_RERA_1251_310_PR_181226_002257.xlsx-

How this compares with Bengaluru Urban

34%of Bengaluru Urban projects moved their completion datethis one moved by 9 months
1%of Bengaluru Urban registrations are shown as withdrawn or revokedthis one is not

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

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Builder: NAG PROPERTIES LLP

NAG PROPERTIES LLP has 1 registration on RERA Karnataka, including NAG GRAND CITY. 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 NAG GRAND CITY is delayed beyond 5 Feb 2021?

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 NAG GRAND CITY?

The registered promoter entity is NAG PROPERTIES LLP, 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 NAG GRAND CITY?

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 NAG GRAND CITY?

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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