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Registration approved Plotted Development project

Nitesh RIO

By NITESH ESTATES LIMITED

RG-KA-55254 · RERA PRM/KA/RERA/1251/310/PR/170916/000385

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
Mar 2019Possession promisedno revision filed
0Complaints at RERA Karnatakaon this registration
Jump to the 55 documents Report an error

Nitesh RIO is a Plotted Development project by NITESH ESTATES LIMITED in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/310/PR/170916/000385 on 16 Sep 2017. Possession is promised by 31 Mar 2019.

At a glance

Project

  • NameNitesh RIO
  • TypePlotted Development
  • Location
    • Bengaluru South
    • Bengaluru Urban
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PRM/KA/RERA/1251/310/PR/170916/000385
  • ReraGenie IDRG-KA-55254

Builder

  • NameNITESH ESTATES LIMITED
  • Entity typeCompany
  • CINU07010KA2004PLC033412
  • Authorized SignatoryMr. Pradeep Narayan
  • Other registrations5 more →
  • Declared earlier projects9 →

Key dates

this monthRegisteredSep 2017PromisedMar 2019

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on16 Sep 2017
  • Promised completion31 Mar 2019
  • Revised completionNone
  • BuildingsNot stated in filing
  • Documents filed55 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 area53,923 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 17.43 cr

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed55

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/170916/000385 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: Registration certificate-NEL.pdf-
Architect Certificate for Work Completion Schedule till DateFile: ArchForm1EXTstatusofworkasondate.pdf-
Engineer Certificate for Work Completion Schedule till DateFile: RIOForm6FINAL_compressed2.pdf-
CA Certificate for Funds UtilizationFile: FormEx3Fundsutilization-compressed.pdf-
Architect Certificate for Pending Work Completion Schedule.File: ArchF2pendingwork.pdf-
Engineer Certificate for Pending Work Completion Schedule.File: RIOForm6FINAL_compressed2.pdf-
CA Certificate for Funds required for Project CompletionFile: CAFormEX4Fundsreqd_compressed.pdf-
AffidavitFile: Form 7Addfrseekingextn.pdf-
Latest Encumbrance CertificateFile: ECLATEST.pdf-
Details Of Sold/ Un-sold UnitsFile: RIO plot details - April 2021.pdf-
Document 1File: BESOCMNOC.pdf-
Document 2File: BMICPA LayoutplanSketch.jpg-
Document 3File: KSPCBNOC.pdf-
Document 4File: SecondPhaseRealaseOrder.pdf-
BMICPA Work Order & plan-
Master plan RIO-
NRIO_LAYOUT PLAN-
SALE DEED - RIO - finaldraft-29072017-
RIO Agreement to Sell - 29072017-
Land doc-
Layout plan-
RERA - N Rio - Services-
Microsoft Word - Allotment Letter_Plot-
Rio_Prospectus_v1_28 Jul 17-
NOC - KSPCB & BESCOM-
N RIO_SPECS_VERSION 1_28TH JULY-
Encumbrance certificate-
RTC-split-merge-1-23-1-21-
JDA-split-merge-compressed-
Mutation-
Conversion order compressed-split-merge-
sale deed-compressed-split-merge-split-merge-1-5-
NOC - BESCOM-
NOC - KSPCB-
Balance Sheet 2015 - 2016File: NEL - Mar 2016 Balance Sheet.pdf-
Balance Sheet 2014 - 2015File: NEL - Mar 2015 Balance Sheet.pdf-
Balance Sheet 2013 - 2014File: NEL - Mar 2014 Balance Sheet.pdf-
Audited Profit and Loss Statement 2015 - 2016File: NEL - Mar 2016 Profit and loss account.pdf-
Audited Profit and Loss Statement 2014 - 2015File: NEL - Mar 2015 Profit and loss account.pdf-
Audited Profit and Loss Statement 2013 - 2014File: NEL - Mar 2014 Profit and Loss Account.pdf-
Director's Report 2015 - 2016File: 2016 DP.pdf-
Director's Report 2014 - 2015File: 2015 DP.pdf-
Director's Report 2013 - 2014File: 2014 DP.pdf-
Cash Flow Statement 2015 - 2016File: NEL - Mar 2016 Cash Flow.pdf-
Cash Flow Statement 2014 - 2015File: NEL - Mar 2015 Cash Flow.pdf-
Auditor's Report 2015 - 2016File: NEL - Mar 2016 Audit Report.pdf-
Auditor's Report 2014 - 2015File: NEL - Mar 2015 Audit Report.pdf-
Auditor's Report 2013 - 2014File: NEL - Mar 2014 Audit Report.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: NEL AY 2016-17.pdf-
Income Tax Return Acknowledgement 2014 - 2015File: NEL AY 2015-16.pdf-
Income Tax Return Acknowledgement 2013 - 2014File: NEL AY 2014-15.pdf-
Form B Final-
Prospectus/BrochureFile: Rio_Prospectus_v1_28 Jul 17.pdf-
Advertisement Copy 1File: Nitesh Rio.png-
Plot Excel SheetFile: PRM_KA_RERA_1251_310_PR_170916_000385.xlsx-

Promoter's earlier projects4

As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.

4 not delivered by the promised date
ProjectLocationStatusPromisedDelivered
Nitesh Park Ave-OngoingMar 2021Not delivered
Nitesh Knightsbridge-OngoingMar 2020Not delivered
Nitesh Long Island-OngoingDec 2018Not delivered
Nitesh Caesars Palace-OngoingDec 2018Not delivered

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 not

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

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Other projects near Bengaluru Urban4,100+ in Bengaluru Urban

2 kmNitesh RIOOther 36Dot size: filed unitsN

Filed coordinates, straight-line distance. 36 registered projects within 2 km.

Builder: NITESH ESTATES LIMITED

NITESH ESTATES LIMITED has 6 registrations on RERA Karnataka, including Nitesh Long Island and Nitesh Madison Square. Its filings declare 9 earlier projects, none of them declared completed. Read the full track record. See more projects on the Bengaluru Urban district page.

Frequently asked questions

What are my rights if Nitesh RIO is delayed beyond 31 Mar 2019?

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 Nitesh RIO?

The registered promoter entity is NITESH ESTATES LIMITED, a company as per the filing. Its CIN U07010KA2004PLC033412 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 Nitesh RIO?

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 Nitesh RIO?

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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