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PARAMOUNT RITZ
By PARAMOUNT CONSTRUCTION VENTURES PVT LTD
RG-KA-40153 · RERA PRM/KA/RERA/1268/378/PR/150726/008809
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No litigation declared
- Completion date never moved
- Separate project account declared
Saved.
PARAMOUNT RITZ is a Residential/Group Housing project by PARAMOUNT CONSTRUCTION VENTURES PVT LTD in Mysore, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1268/378/PR/150726/008809 on 15 Jul 2026. Possession is promised by 31 Dec 2030.
At a glance
Project
- NamePARAMOUNT RITZ
- TypeResidential/Group Housing
- Location
- MYSORE
- PincodeNot stated
- RERA no.PRM/KA/RERA/1268/378/PR/150726/008809
- ReraGenie IDRG-KA-40153
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on15 Jul 2026
- Promised completion31 Dec 2030
- Revised completionNone
- Buildings1 building record
- Documents filed19 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| PARAMOUNT RITZ | - | - | - | 71 | 0 | 71 |
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 | - |
| Upto Plinth Level | - |
| Sub-structure flooring (Parking Floor, more than one floor below general ground level) | - |
| Retaining wall (All types) | - |
| RCC or MS Framed structure | - |
| Masonry Construction | - |
| 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 | - |
| Painting | - |
| Fire prevention and fire fighting fitting and fixture with network | - |
| Weather Proof work(tile,concrete) | - |
| Wardrobe, Showcase, Kitchen cabinet, Puja work | Not applicable |
| Elevation work | - |
| Internal and External work including landscapes as per sanctioned drawings | - |
Progress on shared amenities40
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 | Yes | - |
| Sewage and Drainage System | Yes | - |
| Water conservation/rain water harvesting/recharge of ground water | Yes | - |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | Yes | - |
| Solid waste management and disposal | Yes | - |
| Emergency Evacuation services | Yes | - |
| Internal Roads & Footpaths | No | Not applicable |
| Electricity supply transformer and substation | Yes | - |
| Storm water drains | Yes | - |
| Use of renewable energy | No | Not applicable |
| Sewage Treatment Plant (STP) | Yes | - |
| Parks & Tree planting | No | Not applicable |
| Street Lighting | 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 | No | Not applicable |
| Indoor Sports facility | Yes | - |
| Swimming Pool | Yes | - |
| Gym | Yes | - |
| Parks | Yes | - |
| Power Backup | Yes | - |
| Piped Gas | No | Not applicable |
| Water and Sanitation | No | Not applicable |
| Air Conditioning | No | Not applicable |
| Staircases | Yes | - |
| Lifts | Yes | - |
| Corridor/Lobbies | 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 | No | Not applicable |
| Provision for lodging of management staff and security staff | No | Not applicable |
| Water conservation and renewable energy | No | Not applicable |
| Common storage spaces | No | Not applicable |
Land and ownership1
This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| 1 | - | - |
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.
| Cost line | Estimated | Incurred |
|---|---|---|
| Estimated Cost of Construction as certified by Engineer | Rs 34.20 cr | - |
| On-site expenditure-Salaries of workers | Rs 13.25 cr | - |
| Principal sum and interest payable to financial institutions-Scheduled Banks | Rs 7.69 cr | - |
| Payment of taxes | Rs 4.96 cr | - |
| On-site expenditure-Site Overhead | Rs 2.00 cr | - |
| On-site expenditure-Consultants Fees | Rs 1.25 cr | - |
Certifying professionals and partners3
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | GOPINATH |
| Engineer | CHETHANSIDGIDDI |
| Chartered Accountant | SATISH R |
Documents filed19
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/150726/008809 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| RTC, survey 19/2 | - |
| Mutation, survey 19/2 | - |
| Encumbrance Certificate, survey 19/2 | - |
| Conversion/Alienation Order, survey 19/2 | - |
| Sale/Title/Gift Deed, survey 19/2 | - |
| JDA, survey 19/2 | - |
| Khatha, survey 19/2 | - |
| Registration CertificateFile: CIN.pdf | - |
| Memorandum of AssociationFile: ParamountConstructionPL_MoA.pdf | - |
| Article of AssociationFile: ParamountConstructionPL_AoA.pdf | - |
| GST CertificateFile: GST Registration Certificate.pdf | - |
| Organization StructureFile: Anexxure11.pdf | - |
| Certificate issued by CA Form 1File: CA certificate_Ritz (1).pdf | - |
| Certificate issued by Architect Form 2File: Architect Certificate.pdf | - |
| Certificate issued by Engineer Form 3File: Form3 (3) (1).pdf | - |
| Project Chartered Accountant | - |
| Project Engineer | - |
| Project Architect | - |
| AffidavitFile: Non Litigation Affidavit_0001.pdf | - |
Promoter's earlier projects2
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.
| Project | Location | Status | Promised | Delivered |
|---|---|---|---|---|
| PARAMOUNT BOULEVARD-2 | SY NO 192 OPP ROOST HOTEL , HINKAL VILLAGE, KASABA HOBLI, HUNSUR MAIN ROAD, MYSORE , MYSORE , Mysore, Karnataka - 570017 | Ongoing | Mar 2029 | Not due yet |
| PARAMOUNT RHAPSODY | No.2270/1, D-19, 19/1,19/2,19/3,19/4,19/5,19/6,19/7,19/8 , ‘Chittaranjan Mahal’ Vinoba Road , MYSORE , Mysore, Karnataka - 570012 | Ongoing | Dec 2027 | Not due yet |
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Builder: PARAMOUNT CONSTRUCTION VENTURES PVT LTD
PARAMOUNT CONSTRUCTION VENTURES PVT LTD has 3 registrations on RERA Karnataka, including PARAMOUNT BOULEVARD-2 and PARAMOUNT RITZ. Its filings declare 2 earlier projects, 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 RITZ is delayed beyond 31 Dec 2030?
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 RITZ?
The registered promoter entity is PARAMOUNT CONSTRUCTION VENTURES PVT LTD, a company as per the filing. Its CIN U45309KA2023PTC169781 and GSTIN 29AANCP4860H1ZW 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 PARAMOUNT RITZ?
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.
Who certifies construction progress at PARAMOUNT RITZ?
The professionals named in the filing: Architect: GOPINATH; Engineer: CHETHANSIDGIDDI; Chartered Accountant: SATISH R. Their certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.
What should I check before booking in PARAMOUNT RITZ?
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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