Home / Browse projects / Davangere, Karnataka / PARK TERRACES
PARK TERRACES
RG-KA-43782 · RERA PRM/KA/RERA/1258/404/PR/080525/007723 · Last updated on RERA Karnataka portal: 15 Oct 2026
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
Saved.
PARK TERRACES is a Residential/Group Housing project by SHUBAM CONSTRUCTION in Davangere, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1258/404/PR/080525/007723 on 8 May 2025. Possession is promised by 31 Dec 2029. 0 of the 12 units on this registration are recorded sold or booked, and 3 of 14 construction stages are filed complete.
At a glance
Project
- NamePARK TERRACES
- TypeResidential/Group Housing
- Location
- Davanagere
- Davangere
- 577004
- Pincode577004
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1258/404/PR/080525/007723
- ReraGenie IDRG-KA-43782
Builder
- NameSHUBAM CONSTRUCTION
- Entity typePartnership Firm
- GSTIN29AELFS8971F1Z9
- Authorized SignatoryMAHESH K.K
- Other registrations1 more →
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on8 May 2025
- Promised completion31 Dec 2029
- Revised completionNone
- Buildings1 building record
- Documents filed68 files
Current status
Figures as on 15 Oct 2026, this project's latest RERA Karnataka filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| PARK TERRACES | - | - | - | 12 | 0 | 12 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
As on 15 Oct 2026, the date of the latest filing. 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.
3 of 14 construction stages are filed complete. The stage furthest along is RCC or MS Framed structure, at 95%.
Building: 44% average across the applicable activities
| Activity | Progress |
|---|---|
| Earth work and other leveling preparation work | 100% |
| Foundation footing work | 100% |
| Upto Plinth Level | 100% |
| Sub-structure flooring (Parking Floor, more than one floor below general ground level) | 85% |
| Retaining wall (All types) | Not applicable |
| RCC or MS Framed structure | 95% |
| Masonry Construction | 70% |
| Plastering inside , outside & Ceiling | 45% |
| Joinery: Doors, Windows, Ventilators etc | 15% |
| Basic work of Water supply, Sanitary and Electrification | 0% |
| Dadoing, Skirting, Flooring, Tiles work (All types) | 0% |
| Railing and Grill fixing | 0% |
| Electrification, Water supply and Sanitary Finishing | 0% |
| Painting | 0% |
| Fire prevention and fire fighting fitting and fixture with network | Not applicable |
| Weather Proof work(tile,concrete) | Not applicable |
| Wardrobe, Showcase, Kitchen cabinet, Puja work | Not applicable |
| Elevation work | 0% |
| Internal and External work including landscapes as per sanctioned drawings | Not applicable |
Progress on shared amenities40
As on 15 Oct 2026, the date of the latest filing. 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 | 100% |
| Sewage and Drainage System | Yes | 0% |
| Water conservation/rain water harvesting/recharge of ground water | Yes | 0% |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Solid waste management and disposal | No | Not applicable |
| Emergency Evacuation services | No | Not applicable |
| Internal Roads & Footpaths | No | Not applicable |
| Electricity supply transformer and substation | Yes | 0% |
| Storm water drains | No | Not applicable |
| Use of renewable energy | No | Not applicable |
| Sewage Treatment Plant (STP) | No | Not applicable |
| Parks & Tree planting | No | Not applicable |
| Street Lighting | No | Not applicable |
| Electricity | Yes | 0% |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | No | Not applicable |
| Club House | No | Not applicable |
| Community Hall | No | Not applicable |
| Outdoor Sports facility | No | Not applicable |
| Indoor Sports facility | No | Not applicable |
| Swimming Pool | No | Not applicable |
| Gym | No | Not applicable |
| Parks | No | Not applicable |
| Power Backup | Yes | 0% |
| Piped Gas | No | Not applicable |
| Water and Sanitation | Yes | 0% |
| Air Conditioning | No | Not applicable |
| Staircases | Yes | 50% |
| Lifts | Yes | 0% |
| Corridor/Lobbies | Yes | 0% |
| Fire escapes | No | Not applicable |
| Common entrance and exit for the building/common portico/foyer/verandah | No | Not applicable |
| Basement | Yes | 55% |
| Terrace | Yes | 0% |
| Outer Wall | Yes | 0% |
| Open parking areas | No | Not applicable |
| Provision for lodging of management staff and security staff | No | Not applicable |
| Water conservation and renewable energy | Yes | 0% |
| 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 |
|---|---|---|
| SATHYASHREE S AMBERKER | - | - |
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 3.90 cr | Rs 1.98 cr |
| Interest on borrowings | Rs 60.00 lakh | Rs 40.03 lakh |
| On-site expenditure-Consultants Fees | Rs 10.00 lakh | Rs 7.73 lakh |
| Payment of taxes | Rs 2.85 lakh | Rs 1.16 lakh |
| On-site expenditure-Site Overhead | Rs 2.00 lakh | - |
Certifying professionals and partners3
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | SHALINI SURESH |
| Engineer | RASHMI SRIDHAR CHAKRAPANI |
| Chartered Accountant | GAGAN NADIG |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed68
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/1258/404/PR/080525/007723 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Q2 2026-27 Form-4 Certificate issued by Chartered AccountantFile: Shubam (Park).pdf | 15 Oct 2026 |
| Q2 2026-27 Form-5 Certificate issued by ArchitectFile: Architects Certificate -Park.pdf | 15 Oct 2026 |
| Q2 2026-27 Form-6 Certificate issued by Structural EngineerFile: Form-6-Park Terraces-15-10-26.pdf | 15 Oct 2026 |
| Q1 2026-27 Form-4 Certificate issued by Chartered AccountantFile: FORM 4 Park_Terrace_Q1.pdf | 15 Jul 2026 |
| Q1 2026-27 Form-5 Certificate issued by ArchitectFile: ARCHITECT.pdf | 15 Jul 2026 |
| Q1 2026-27 Form-6 Certificate issued by Structural EngineerFile: engineer park.pdf | 15 Jul 2026 |
| Q4 2025-26 Form-4 Certificate issued by Chartered AccountantFile: FORM 4 Park Terrace-Q4.pdf | 30 May 2026 |
| Q4 2025-26 Form-5 Certificate issued by ArchitectFile: architect certificate.pdf | 30 May 2026 |
| Q4 2025-26 Form-6 Certificate issued by Structural EngineerFile: Form-6-Park Terraces.pdf | 30 May 2026 |
| Q3 2025-26 Form-4 Certificate issued by Chartered AccountantFile: form 4 ca certificate - park Terraces - Q3.pdf | 31 Mar 2026 |
| Q3 2025-26 Form-5 Certificate issued by ArchitectFile: Architect Q3 park.pdf | 31 Mar 2026 |
| Q3 2025-26 Form-6 Certificate issued by Structural EngineerFile: Engineer park Q3.pdf | 31 Mar 2026 |
| self-attested copy of renewed Engineer licenseFile: self attested engineer licence.pdf | 2 May 2025 |
| estimated cost of construction certified by the EngineerFile: estimation cost by engineer.pdf | 2 May 2025 |
| STP notificationFile: Goverment STP Order.pdf | 2 May 2025 |
| UGD nocFile: UGD noc.pdf | 2 May 2025 |
| clarification on single layout, village map, CDP planFile: clarification on village map single site.pdf | 2 May 2025 |
| clarificationFile: clarification.pdf | 2 May 2025 |
| Registration CertificateFile: firm registartion certiifcate.pdf | - |
| GST CertificateFile: GST Certificate.pdf | - |
| Partnership DeedFile: Partnership deed.pdf | - |
| Partner Details | - |
| Partner Details | - |
| Certificate issued by CA Form 1File: Form 1 CA Park Terraces.pdf | - |
| Certificate issued by Architect Form 2File: Arct-Certificate-Park Terraces.pdf | - |
| Certificate issued by Engineer Form 3File: Engineer RERA Certificate_compressed.pdf | - |
| Project Chartered Accountant | - |
| Project Engineer | - |
| Project Architect | - |
| AffidavitFile: litigation affidavit.pdf | - |
| Balance Sheet 2023 - 2024File: BS AY 2024-25.pdf | - |
| Balance Sheet 2022 - 2023File: BS AY 2023-24.pdf | - |
| Balance Sheet 2021 - 2022File: BS AY 2022-23.pdf | - |
| Income Tax Return Acknowledgement 2023 - 2024File: ITR AY 2024-25.pdf | - |
| Income Tax Return Acknowledgement 2022 - 2023File: ITR AY 2023-24.pdf | - |
| Income Tax Return Acknowledgement 2021 - 2022File: ITR AY 2022-23.pdf | - |
| building licence | - |
| approved plan | - |
| approved plan | - |
| Stabilty park terrace | - |
| specification | - |
| proforma AOS | - |
| proforma allottment letter | - |
| form b | - |
| affidavit 3(1) | - |
| jda affidavit | - |
| search report | - |
| BESCOM NOC | - |
| Park Terraces Water NOC_compressed | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| gift deed-rectification | - |
| rectification JDA | - |
| family tree | - |
| CMC NOC | - |
| clarification on village map-park terrace | - |
| land calculation sheet | - |
| carpet area statement | - |
| Location map | - |
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Computed across the 41 Davangere projects on ReraGenie, from their own filings.
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See every Davangere project, with the district possession charts
Builder: SHUBAM CONSTRUCTION
SHUBAM CONSTRUCTION has 2 registrations on RERA Karnataka, including PARK TERRACES and SHRADDHA. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Davangere district page.
Frequently asked questions
What are my rights if PARK TERRACES is delayed beyond 31 Dec 2029?
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 PARK TERRACES?
The registered promoter entity is SHUBAM CONSTRUCTION, a partnership firm as per the filing. Its GSTIN 29AELFS8971F1Z9 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 PARK TERRACES?
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 PARK TERRACES?
The professionals named in the filing: Architect: SHALINI SURESH; Engineer: RASHMI SRIDHAR CHAKRAPANI; Chartered Accountant: GAGAN NADIG. 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 PARK TERRACES?
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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