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PREMIO PHASE 1
RG-KA-55277 · RERA PRM/KA/RERA/1268/378/PR/190731/002750
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.
PREMIO PHASE 1 is a Plotted Development project by M/s BVL Developers in Mysore, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1268/378/PR/190731/002750 on 31 Jul 2019. Possession is promised by 30 Sep 2022. The completion date has moved by 9 months from the original filing.
At a glance
Project
- NamePREMIO PHASE 1
- TypePlotted Development
- Location
- MYSORE
- PincodeNot stated
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1268/378/PR/190731/002750
- ReraGenie IDRG-KA-55277
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on31 Jul 2019
- Promised completion30 Sep 2022
- Revised completionRevised to 30 Sep 2022 (originally 31 Dec 2021)
- BuildingsNot stated in filing
- Documents filed57 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.
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 filed57
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/190731/002750 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: Incorporation Certificate.pdf | - |
| Plan Approval copy | - |
| Approved Plan | - |
| Site plan | - |
| Agreement for sale possession copy | - |
| Agreement for sale possession | - |
| Sale Deed-2 | - |
| UNDERTAKING LETTER FOR OBJECTION | - |
| Project Specifications | - |
| MR | - |
| Undertaking letter and fee receipt | - |
| General power of attority copy | - |
| EC Phase 1 | - |
| Section 3(1) affidavit | - |
| JDA Affidavit | - |
| RTC | - |
| Joint development agreement | - |
| Conversion Order | - |
| Katha Undertaking Letter | - |
| NOC Undertaking letter | - |
| General power of attority copy | - |
| Fees Undertaking Letter | - |
| Deed of Relinquishment copy | - |
| NOC ACK | - |
| KSPCB_compressed-2 | - |
| Fees reciept | - |
| Sale Deed | - |
| KSPCB | - |
| Balance Sheet 2017 - 2018File: Financial Undertaking letter.pdf | - |
| Balance Sheet 2016 - 2017File: Financial Undertaking letter.pdf | - |
| Balance Sheet 2015 - 2016File: Financial Undertaking letter.pdf | - |
| Audited Profit and Loss Statement 2017 - 2018File: Financial Undertaking letter.pdf | - |
| Audited Profit and Loss Statement 2016 - 2017File: Financial Undertaking letter.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: Financial Undertaking letter.pdf | - |
| Director's Report 2017 - 2018File: Financial Undertaking letter.pdf | - |
| Director's Report 2016 - 2017File: Financial Undertaking letter.pdf | - |
| Director's Report 2015 - 2016File: Financial Undertaking letter.pdf | - |
| Cash Flow Statement 2017 - 2018File: Financial Undertaking letter.pdf | - |
| Cash Flow Statement 2016 - 2017File: Financial Undertaking letter.pdf | - |
| Auditor's Report 2017 - 2018File: Financial Undertaking letter.pdf | - |
| Auditor's Report 2016 - 2017File: Financial Undertaking letter.pdf | - |
| Auditor's Report 2015 - 2016File: Financial Undertaking letter.pdf | - |
| Income Tax Return Acknowledgement 2017 - 2018File: Financial Undertaking letter.pdf | - |
| Income Tax Return Acknowledgement 2016 - 2017File: Financial Undertaking letter.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: Financial Undertaking letter.pdf | - |
| Form B | - |
| Prospectus/BrochureFile: Broucher.pdf | - |
| Advertisement Copy 1File: Advertisement copy.jpg | - |
| Plot Excel SheetFile: PRM_KA_RERA_1268_378_PR_190731_002750.xlsx | - |
| Final plan technical sanction LetterFile: Plan Approval letter.pdf | - |
| Final layout plan sanctionedFile: Final Plan.pdf | - |
| Completion CertificateFile: Release Order.pdf | - |
| Certificate issued by KSPCB, consent for operation of STP plantFile: KSPCB.pdf | - |
| Chartered Accountant Certificate (Form-4)File: Form 4 CA Certificate.pdf | - |
| Engineer's Certificate (Form-6)File: Form 6 Engineer Certificate.pdf | - |
| Affidavit from Promoter for completing project as per advertisement published in brochure and as per project sFile: Affidavit.pdf | - |
| Agreement of SaleFile: Agreement of Sale.pdf | - |
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How this compares with Mysore
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Builder: M/s BVL Developers
M/s BVL Developers has 2 registrations on RERA Karnataka, including PREMIO PHASE 1 and PREMIO PHASE 2. 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 PREMIO PHASE 1 is delayed beyond 30 Sep 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 PREMIO PHASE 1?
The registered promoter entity is M/s BVL Developers, 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 PREMIO PHASE 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.
What should I check before booking in PREMIO PHASE 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; 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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