Home / Browse projects / Bengaluru Urban, Karnataka / NAKSHATRA 5
NAKSHATRA 5
By MDR BUILDERS AND DEVELOPERS
RG-KA-49601 · RERA PRM/KA/RERA/1251/308/PR/180504/001586
Source: official RERA Karnataka filing
Red flags
- 1 complaint at RERA Karnataka
- Completion date moved by 9 months
- 1 extension taken
Clear
- Separate project account declared
Saved.
NAKSHATRA 5 is a Plotted Development project by MDR BUILDERS AND DEVELOPERS in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/308/PR/180504/001586 on 4 May 2018. Possession is promised by 10 Sep 2021. The completion date has moved by 9 months from the original filing. 1 complaint is on record with the regulator.
At a glance
Project
- NameNAKSHATRA 5
- TypePlotted Development
- Location
- Anekal
- Bengaluru Urban
- PincodeNot stated
- RERA no.PRM/KA/RERA/1251/308/PR/180504/001586
- ReraGenie IDRG-KA-49601
Builder
- NameMDR BUILDERS AND DEVELOPERS
- Entity typePartnership Firm
- Authorized SignatoryMOHAMMED RAFI
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on4 May 2018
- Promised completion10 Sep 2021
- Revised completionRevised to 10 Sep 2021 (originally 10 Dec 2020)
- BuildingsNot stated in filing
- Documents filed25 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.
No reason recorded in the filing
Complaints filed with RERA Karnataka1
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CMP/200529/0005903 | - | MDR BUILDERS AND DEVELOPERS | 29/05/2020 |
Documents filed25
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/1251/308/PR/180504/001586 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: MDR - Registration of Firm.pdf | - |
| Nakshatra 5 Approved Plan | - |
| Nakshatra 5 Approved Plan | - |
| sale deed_opt | - |
| Sale agreement_opt | - |
| Sale deeds | - |
| Nakshatra 5 Approved Plan | - |
| Nakshatra 5 Approved Plan | - |
| NAK 5 ALOTTMENT LETTER (1) | - |
| EC full | - |
| Khata letter rera | - |
| JD_opt | - |
| CONVERSION ORDER | - |
| Nakshatra 5 Approved Plan | - |
| Nakshatra 5 Approved Plan | - |
| Balance Sheet 2016 - 2017File: BS-17.pdf | - |
| Balance Sheet 2015 - 2016File: 16BS.pdf | - |
| Balance Sheet 2014 - 2015File: 15BS.pdf | - |
| Audited Profit and Loss Statement 2016 - 2017File: P&L-17.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: 16PL.pdf | - |
| Audited Profit and Loss Statement 2014 - 2015File: 15pl.pdf | - |
| Income Tax Return Acknowledgement 2016 - 2017File: ITR-17.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: 16ITR.pdf | - |
| Income Tax Return Acknowledgement 2014 - 2015File: 15ITR.pdf | - |
| mdr | - |
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Builder: MDR BUILDERS AND DEVELOPERS
MDR BUILDERS AND DEVELOPERS has 1 registration on RERA Karnataka, including NAKSHATRA 5. 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 NAKSHATRA 5 is delayed beyond 10 Sep 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 NAKSHATRA 5?
The registered promoter entity is MDR BUILDERS AND 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 NAKSHATRA 5?
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 NAKSHATRA 5?
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.
What should I check before booking in NAKSHATRA 5?
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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