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Registration approved Residential/Group Housing project

Parkwest - Olive - Tower 1

By Relationship Properties Private Limited

RG-KA-56875 · RERA PRM/KA/RERA/1251/310/PR/171014/000173

Source: official RERA Karnataka filing

Red flags

  • 2 complaints at RERA Karnataka

Clear

  • Completion date never moved
  • Separate project account declared
Jul 2018Possession promisedno revision filed
2Complaints at RERA Karnatakaon this registration
Jump to the 48 documents Report an error

Parkwest - Olive - Tower 1 is a Residential/Group Housing project by Relationship Properties Private Limited in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/310/PR/171014/000173 on 14 Oct 2017. Possession is promised by 31 Jul 2018. 2 complaints are on record with the regulator.

At a glance

Project

  • NameParkwest - Olive - Tower 1
  • TypeResidential/Group Housing
  • Location
    • Bengaluru South
    • Bengaluru Urban
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1251/310/PR/171014/000173
  • ReraGenie IDRG-KA-56875

Builder

  • NameRelationship Properties Private Limited
  • Entity typeCompany
  • CINU45200MH2008PTC178830
  • Authorized SignatoryAnand Rao
  • DirectorsMakarand Desai, Sunita Khanna, Venugopal Machiraju
  • Other registrations10 more →
  • Declared earlier projects9 →

Key dates

this monthRegisteredOct 2017PromisedJul 2018

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on14 Oct 2017
  • Promised completion31 Jul 2018
  • Revised completionNone
  • Buildings1 building record
  • Documents filed48 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
OLIVE---2790279

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:

ActivityProgress
Earth work and other leveling preparation work-
Foundation footing work-
Retaining wall (All types)-
Plinth level Beam-
Sub-structure flooring (Parking Floor, more than one floor below general ground level)-
RCC or MS Framed structureNot applicable
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 workNot applicable
Fire prevention and fire fighting fitting and fixture with network-
Weather Proof work(tile,concrete)-
Painting-
Elevation work-
Internal and External work including landscapes as per santioned drawings-

Progress on shared amenities46

Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.

Common facilityProposedProgress
Water SupplyYes-
Internal Roads & FootpathsYes-
Sewage and Drainage SystemYes-
Parks & Tree plantingYes-
Street LightingYes-
Provision for community buildings and for treatment and disposal of sewage and sullage waterYes-
Solid waste management and disposalYes-
Water conservationYes-
Energy managementYes-
Fire protection and fire safety requirementsYes-
Education/Health/Other public amenitiesYes-
Electricity supply transformer and substationYes-
Emergency Evacuation servicesYes-
Storm water drainsYes-
Use of renewable energyYes-
Water conservation/rain water harvesting/recharge of ground waterYes-
ElectricityYes-
Smart Home AutomationNoNot applicable
CCTV SurveillanceYes-
Club HouseNoNot applicable
Community HallNoNot applicable
Outdoor Sports facilityNoNot applicable
Indoor Sports facilityNoNot applicable
Swimming PoolNoNot applicable
GymNoNot applicable
ParksNoNot applicable
Power BackupYes-
GasYes-
Water and SanitationYes-
Air Conditioning And incerntionNoNot applicable
Senior citizens roomYes-
Association roomYes-
Kids Play areaYes-
Multipurpose hallYes-
departmental storeYes-
StaircasesYes-
LiftsYes-
Staircases and Lift lobbies, corridor,lobbies, corridorYes-
Fire escapesYes-
Common entrance and exit for the building / common portico/foyer/verandahYes-
BasementYes-
TerraceYes-
Outer WallYes-
Open parking areas and common storage spacesYes-
Provision for lodging of management staff and security staffNoNot applicable
Water conservation and renewable energyYes-

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 area12,307 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 183.89 cr

Certifying professionals and partners2

Certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectLalit Narula
EngineerDesigntree Service Consultants Private Limited

Complaints filed with RERA Karnataka2

Case no.ComplainantRespondentFiled
00028/2023-Relationship Properties Private Limited05/01/2023
00349/2023-Relationship Properties Private Limited18/03/2023

Documents filed48

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/171014/000173 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: Annexure 1_COI.pdf-
Annexure 4_Tower 1 Part CC Issd by BBMP fr Park West proj Dt 05032015-
Annexure 14 _Phase 1 BBMP APPVD SITE PLAN SCAN COPY-
Annexure 6 - Phase - 01 B D A Approved Development Plan - B D A-
Proforma Sale Deed-
Annexure 7-
Annexure 6 - Phase - 01 B D A Approved Development Plan - B D A-
Annexure 7-
Annexure 7-
Annexure 6 - Phase - 01 B D A Approved Development Plan - B D A-
Annexure 7-
684_Shapoorji Pallonji_Parkwest Brochure-compressed-
Annexure 10-
Annexure 7-
Annexure 3 Encumberance Certificate-
Khatha-
JDA 28-03-2011-
Fire-
Airport-
Bescom-
BWSSB-
KSPCB-
SEIAA-
BSNL-
Balance Sheet 2015 - 2016File: Annexure 1_Balance sheet - 2015-16.pdf-
Balance Sheet 2014 - 2015File: Annexure 1_Balance sheet - 2014-15.pdf-
Balance Sheet 2013 - 2014File: Annexure 1_Balance sheet - 2013-14.pdf-
Audited Profit and Loss Statement 2015 - 2016File: Annexure 1_Profit and loss - 2015-16.pdf-
Audited Profit and Loss Statement 2014 - 2015File: Annexure 1_Profit and loss - 2014-15.pdf-
Audited Profit and Loss Statement 2013 - 2014File: Director report.pdf-
Director's Report 2015 - 2016File: Directors Report _RPPL_FY 13-14.pdf-
Director's Report 2014 - 2015File: Director report.pdf-
Director's Report 2013 - 2014File: Directors Report_RPPL_FY 15-16.pdf-
Cash Flow Statement 2015 - 2016File: Annexure 1_CFS - 2015-16.pdf-
Cash Flow Statement 2014 - 2015File: Annexure 1_CFS - 2014-15.pdf-
Auditor's Report 2015 - 2016File: Annexure 1_Auditor report - 2015-16.pdf-
Auditor's Report 2014 - 2015File: Annexure 1_Auditor report - 2014-15.pdf-
Auditor's Report 2013 - 2014File: Annexure 1_Auditor report - 2013-14.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: ITRV-2015-16.pdf-
Income Tax Return Acknowledgement 2014 - 2015File: ITRV-2014-15.pdf-
Income Tax Return Acknowledgement 2013 - 2014File: ITRV-2013-14.pdf-
Annexure 12 Form B_Tower 1-
Prospectus/BrochureFile: Phase 2 brochure.pdf-
Advertisement Copy 1File: Advertisement.pdf-
Tower Excel SheetFile: PRM_KA_RERA_1251_310_PR_171014_000173 (2).xlsx-
Occupancy CertificateFile: Occupancy Certificate for Tower1.pdf-
Registered Agreement of SaleFile: olive Agreement to Sale.pdf-
Registered conveyance deed for an individual unitFile: Sale deed format.pdf-

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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Builder: Relationship Properties Private Limited

Relationship Properties Private Limited has 11 registrations on RERA Karnataka, including Parkwest - Olive - Tower 1 and Parkwest - Maple - Tower 4. Its filings declare 9 earlier projects, 3 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 Parkwest - Olive - Tower 1 is delayed beyond 31 Jul 2018?

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 Parkwest - Olive - Tower 1?

The registered promoter entity is Relationship Properties Private Limited, a company as per the filing. Its CIN U45200MH2008PTC178830 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 Parkwest - Olive - Tower 1?

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.

How do I read the complaint cases filed against Parkwest - Olive - Tower 1?

Each case number above is a complaint filed with RERA Karnataka. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.

Who certifies construction progress at Parkwest - Olive - Tower 1?

The professionals named in the filing: Architect: Lalit Narula; Engineer: Designtree Service Consultants Private Limited. 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 Parkwest - Olive - Tower 1?

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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