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PARAMOUNT ASPIRE
By PARAMOUNT CONSTRUCTION COMPANY
RG-KA-88317 · RERA PRM/KA/RERA/1268/378/PR/180217/002689
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
Saved.
PARAMOUNT ASPIRE is a Residential/Group Housing project by PARAMOUNT CONSTRUCTION COMPANY in Mysore, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1268/378/PR/180217/002689 on 17 Feb 2018. Possession is promised by 15 Apr 2022. The completion date has moved by 9 months from the original filing.
At a glance
Project
- NamePARAMOUNT ASPIRE
- TypeResidential/Group Housing
- Location
- MYSORE
- PincodeNot stated
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1268/378/PR/180217/002689
- ReraGenie IDRG-KA-88317
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on17 Feb 2018
- Promised completion15 Apr 2022
- Revised completionRevised to 15 Apr 2022 (originally 15 Jul 2021)
- Buildings1 building record
- Documents filed76 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| PARAMOUNT ASPIRE | - | - | - | 55 | 0 | 55 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
Building:
| Activity | Progress |
|---|---|
| Earth work and other leveling preparation work | - |
| Foundation footing work | - |
| Retaining wall (All types) | - |
| Plinth level Beam | Not applicable |
| Sub-structure flooring (Parking Floor, more than one floor below general ground level) | Not applicable |
| RCC or MS Framed structure | - |
| Masonry construction: Bricks, Concrete blocks etc | - |
| Plastering inside , outside & Ceiling | - |
| Joinery: Doors, Windows, Ventilators etc | - |
| Basic work of Water supply, Sanitary and Electrification | - |
| Dadoing, Skirting, Flooring, Tiles work (All types) | - |
| Railing and Grill fixing | - |
| Electrification, Water supply and Sanitary Finishing | - |
| Wardrobe, Showcase, Kitchen cabinet, Puja work | Not applicable |
| Fire prevention and fire fighting fitting and fixture with network | Not applicable |
| Weather Proof work(tile,concrete) | - |
| Painting | - |
| Elevation work | - |
| Internal and External work including landscapes as per santioned drawings | - |
Progress on shared amenities41
Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Water Supply | No | Not applicable |
| Internal Roads & Footpaths | No | Not applicable |
| Sewage and Drainage System | Yes | - |
| Parks & Tree planting | Yes | - |
| Street Lighting | Yes | - |
| Provision for community buildings and for treatment and disposal of sewage and sullage water | Yes | - |
| Solid waste management and disposal | Yes | - |
| Water conservation | Yes | - |
| Energy management | Yes | - |
| Fire protection and fire safety requirements | No | Not applicable |
| Education/Health/Other public amenities | Yes | - |
| Electricity supply transformer and substation | Yes | - |
| Emergency Evacuation services | No | Not applicable |
| Storm water drains | Yes | - |
| Use of renewable energy | No | Not applicable |
| Water conservation/rain water harvesting/recharge of ground water | No | Not applicable |
| Electricity | Yes | - |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | Yes | - |
| Club House | No | Not applicable |
| Community Hall | No | Not applicable |
| Outdoor Sports facility | Yes | - |
| Indoor Sports facility | Yes | - |
| Swimming Pool | Yes | - |
| Gym | Yes | - |
| Parks | Yes | - |
| Power Backup | Yes | - |
| Gas | Yes | - |
| Water and Sanitation | Yes | - |
| Air Conditioning And incerntion | Yes | - |
| Staircases | Yes | - |
| Lifts | Yes | - |
| Staircases and Lift lobbies, corridor,lobbies, corridor | Yes | - |
| Fire escapes | Yes | - |
| Common entrance and exit for the building / common portico/foyer/verandah | Yes | - |
| Basement | Yes | - |
| Terrace | Yes | - |
| Outer Wall | Yes | - |
| Open parking areas and common storage spaces | Yes | - |
| Provision for lodging of management staff and security staff | Yes | - |
| Water conservation and renewable energy | No | Not applicable |
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 Karnataka
No complaints on record against this registration.
Documents filed76
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/1268/378/PR/180217/002689 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: 01.jpg | - |
| Form of Sanction | - |
| 3333 (1) | - |
| 3333 (1) | - |
| Sale Deed-Paramount Aspire | - |
| Aspire Agreement for Sale of a Flat | - |
| Sale Deed | - |
| 3333 (1) | - |
| 3333 (1) | - |
| ALLOTMENT OF THE RESIDENTIAL FLAT AT PARAMOUNT PROJECT | - |
| Aspire Brochure | - |
| Aspire Project Specification | - |
| Aspire EC | - |
| Khata Venu Gopal | - |
| JDA | - |
| Land Document | - |
| Aspire Change of Land Use | - |
| Change of Land Agriculture to Residential | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Unnamed document | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Aspire NOC | - |
| Image_to_JPG1366-04 | - |
| Image_to_JPG1366-04 | - |
| Image_to_JPG1366-04 | - |
| Change of Land Agriculture to Residential | - |
| Aiyanna | - |
| Balance Sheet 2016 - 2017File: Balance Sheet (2).pdf | - |
| Balance Sheet 2015 - 2016File: BS 2016.pdf | - |
| Balance Sheet 2014 - 2015File: BS 2015.pdf | - |
| Audited Profit and Loss Statement 2016 - 2017File: Profit and loss Account-compressed.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: PL 2016.pdf | - |
| Audited Profit and Loss Statement 2014 - 2015File: PL2015.pdf | - |
| Director's Report 2016 - 2017File: Director Report.pdf | - |
| Director's Report 2015 - 2016File: Director Report.pdf | - |
| Director's Report 2014 - 2015File: Director Report.pdf | - |
| Cash Flow Statement 2016 - 2017File: Cash Flow Statement 2016.pdf | - |
| Cash Flow Statement 2015 - 2016File: Cash Flow Statement 2016.pdf | - |
| Auditor's Report 2016 - 2017File: 3CD-3CB (3).pdf | - |
| Auditor's Report 2015 - 2016File: Audit Report 2016 (1).pdf | - |
| Auditor's Report 2014 - 2015File: Auditor report.pdf | - |
| Income Tax Return Acknowledgement 2016 - 2017File: ITR- V FY 2016-17.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: ITR -2016.pdf | - |
| Income Tax Return Acknowledgement 2014 - 2015File: ITR 2014-15 (01).jpg | - |
| FORM B 3(4) ASPIRE | - |
| Prospectus/BrochureFile: Paramount_Aspire _.pdf | - |
| Advertisement Copy 1File: Paramount Aspire - brochure.pdf | - |
| Tower Excel SheetFile: PRM_KA_RERA_1268_378_PR_180217_002689.xlsx | - |
| Loan raised documentFile: 202122.PDF | - |
| Stability CertificateFile: 051-Paramount-Aspire-NDT.pdf | - |
| Road cutting permission letter issued by the planning Authority for laying Water supply line, sanitary line, UFile: Aspire_UGD_Water.pdf | - |
| NOC issued by the Fire Force department after completion of workFile: Aspire NOC.pdf | - |
| Occupancy CertificateFile: Aspire CR.pdf | - |
| Consent for operation issued by KSPCBFile: Aspire NOC.pdf | - |
| Certificate of operation for lifts issued by the Chief of Department of Electrical inspectorate Government of File: Lift Approval NOC.pdf | - |
| Sanctioned Letter issued by concerned ESCOM of Power sanction and details of transformer installed and whetherFile: KEB_0001.pdf | - |
| Sanctioned letter issued by concerned water supply and sanitary board for the projectFile: Aspire_UGD_Water.pdf | - |
| Details of external infrastructure work such as drive way, play area, park, STP and water treatment plant, WheFile: 5.jpeg | - |
| Architect certificate for having completed the work(in format no 5)File: Architect Certificate.pdf | - |
| Chartered Accountant certificate for having completed the work(in format no 4)File: CA_Certificate.pdf | - |
| Affidavit cum declaration from promoter for having completed the project as per specification and as per adverFile: Completion Affidavit_Aspire.pdf | - |
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Builder: PARAMOUNT CONSTRUCTION COMPANY
Paramount Construction Company has 5 registrations on RERA Karnataka, including PARAMOUNT BOULEVARD-1 and PARAMOUNT OASIS. Its filings declare 1 earlier project, none of them declared completed. Read the full track record. See more projects on the Mysore district page.
Frequently asked questions
What are my rights if PARAMOUNT ASPIRE is delayed beyond 15 Apr 2022?
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 PARAMOUNT ASPIRE?
The registered promoter entity is PARAMOUNT CONSTRUCTION COMPANY, 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 PARAMOUNT ASPIRE?
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 PARAMOUNT ASPIRE?
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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