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Registration approved Plotted Development project

NAKSHATRA-MORGANITE

By Nakshatra Ventures

RG-KA-94923 · RERA PRM/KA/RERA/1251/308/PR/171215/001499

Source: official RERA Karnataka filing

Red flags

  • Completion date moved by 12 months
  • 2 extensions taken

Clear

  • No complaints on record
  • Separate project account declared
Aug 2020Possession promisedmoved 12 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 67 documents Report an error

NAKSHATRA-MORGANITE is a Plotted Development project by Nakshatra Ventures in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/308/PR/171215/001499 on 15 Dec 2017. Possession is promised by 1 Aug 2020. The completion date has moved by 12 months from the original filing.

At a glance

Project

  • NameNAKSHATRA-MORGANITE
  • TypePlotted Development
  • Location
    • Anekal
    • Bengaluru Urban
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1251/308/PR/171215/001499
  • ReraGenie IDRG-KA-94923

Builder

  • NameNakshatra Ventures
  • Entity typePartnership Firm
  • Authorized SignatorySURESH BABU M N
  • OthersSURESH BABU M N
  • Other registrations1 more →

Key dates

this monthRegisteredDec 2017First promiseAug 2019Revised toAug 2020

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on15 Dec 2017
  • Promised completion1 Aug 2020
  • Revised completionRevised to 1 Aug 2020 (originally 1 Aug 2019)
  • BuildingsNot stated in filing
  • Documents filed67 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 area25,495 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 7.50 cr

Extensions applied for2

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

ExtensionAug 2019 → May 2021

No reason recorded in the filing

EX/PRM/KA/RERA/1251/308/PR/200218/001499May 2021 → Aug 2020

Reason as filed by the promoterAwaiting Approvals

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed67

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/171215/001499 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: nak.jpg-
Architect Certificate for Work Completion Schedule till DateFile: Architect as of date.pdf-
Engineer Certificate for Work Completion Schedule till DateFile: engineers as of date.pdf-
CA Certificate for Funds UtilizationFile: FUNDS UTILISED.pdf-
Architect Certificate for Pending Work Completion Schedule.File: Architect post extension.pdf-
Engineer Certificate for Pending Work Completion Schedule.File: engineers post extension.pdf-
CA Certificate for Funds required for Project CompletionFile: FUNDS REQUIRED POST EXTENSION.pdf-
AffidavitFile: Form B new.pdf-
Latest Encumbrance CertificateFile: EC 1.pdf-
Details Of Sold/ Un-sold UnitsFile: SOLD UNSOLD DETAILS.xlsx-
NOC DetailsFile: Noc Horticulture.pdf-
Document 1File: Kotak_Nakshatra ventures.pdf-
Document 2File: abstract of total units.pdf-
Document 3File: abstract of total sold units.pdf-
Document 4File: abstract of total unsold units.pdf-
Document 5File: 2-3 Consent Letter from allottes.pdf-
Document 6File: Affidavit Extn Final_NV.pdf-
40 % RELEASE LETTER 2-
Phase 3 plan-
Phase 3 plan-
BB-
BB-
sale deed (5)-
Phase 3 plan-
BB-
BB-
BB-
BB-
BB-
EC-
BB-
BB-
Balance Sheet 2015 - 2016File: BB.jpg-
Balance Sheet 2014 - 2015File: BB.jpg-
Balance Sheet 2013 - 2014File: BB.jpg-
Audited Profit and Loss Statement 2015 - 2016File: BB.jpg-
Audited Profit and Loss Statement 2014 - 2015File: BB.jpg-
Audited Profit and Loss Statement 2013 - 2014File: BB.jpg-
Director's Report 2015 - 2016File: BB.jpg-
Director's Report 2014 - 2015File: BB.jpg-
Director's Report 2013 - 2014File: BB.jpg-
Cash Flow Statement 2015 - 2016File: BB.jpg-
Cash Flow Statement 2014 - 2015File: BB.jpg-
Auditor's Report 2015 - 2016File: BB.jpg-
Auditor's Report 2014 - 2015File: BB.jpg-
Auditor's Report 2013 - 2014File: BB.jpg-
Income Tax Return Acknowledgement 2015 - 2016File: BB.jpg-
Income Tax Return Acknowledgement 2014 - 2015File: BB.jpg-
Income Tax Return Acknowledgement 2013 - 2014File: BB.jpg-
form D (2)-
Prospectus/BrochureFile: Morganite E brochure.pdf-
Advertisement Copy 1File: Morganite E brochure.pdf-
Plot Excel SheetFile: PRM_KA_RERA_1251_308_PR_171215_001499_UPLOAD.xlsx-
Final plan technical sanction LetterFile: Final Sanction Letter.pdf-
Final layout plan sanctionedFile: Final Sanction Plan.pdf-
Completion CertificateFile: Completion Certificate.pdf-
Site release order Copies(1st,2nd phase and final release order)File: 100% Site Release order.pdf-
Relinquishment deed executed handed over detailsFile: Relinquishment deed.pdf-
Certificate issued by P.W.D/ Panchayath Raj/Urban Local Bodies for completion of RoadFile: Certificate issued by PWB.pdf-
Certificate issued by the concerned power supply(ESCOM'S)File: Bescom NOC.pdf-
Whether the structures,civic amenities and other services handed over to local authority for maintenanceFile: Relinquishment deed.pdf-
Brief description of Water supply and Underground drainage worksFile: Brief description of water supply works and drainage works.pdf-
Whether the transformer has been erected within layout and copy of power sanctioned to the layout issued by ESFile: Bescom NOC.pdf-
Chartered Accountant Certificate (Form-4)File: Form 4 Completion Certificate.pdf-
Architect's Certificate (Form-5)File: Form 5 - Completion Certificate.pdf-
Engineer's Certificate (Form-6)File: Form 6 - Completion Certificate.pdf-
Affidavit from Promoter for completing project as per advertisement published in brochure and as per project sFile: Affidavit from Promoter.pdf-

How this compares with Bengaluru Urban

34%of Bengaluru Urban projects moved their completion datethis one moved by 12 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: Nakshatra Ventures

NAKSHATRA VENTURES has 2 registrations on RERA Karnataka, including SUREKHA ENCLAVE and NAKSHATRA-MORGANITE. 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-MORGANITE is delayed beyond 1 Aug 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 NAKSHATRA-MORGANITE?

The registered promoter entity is Nakshatra Ventures, 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-MORGANITE?

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 NAKSHATRA-MORGANITE?

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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About NAKSHATRA-MORGANITE. Everything on this page comes from what the promoter filed on RERA Karnataka, so if a fact looks wrong it helps to say which one.

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