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Prisma Apartment
By Prisma Builders and Developer
RG-KA-05029 · RERA PRM/KA/RERA/1249/447/PR/200827/003569 · Last updated on RERA Karnataka portal: 16 Aug 2020
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No complaints on record
- Completion date never moved
- Separate project account declared
Saved.
Prisma Apartment is a Residential/Group Housing project by Prisma Builders and Developer in Belagavi, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1249/447/PR/200827/003569 on 27 Aug 2020. Possession is promised by 30 Sep 2021.
At a glance
Project
- NamePrisma Apartment
- TypeResidential/Group Housing
- Location
- Belagavi
- PincodeNot stated
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1249/447/PR/200827/003569
- ReraGenie IDRG-KA-05029
Builder
- NamePrisma Builders and Developer
- Entity typePartnership Firm
- Authorized SignatoryMohseen C Jamadar
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on27 Aug 2020
- Promised completion30 Sep 2021
- Revised completionNone
- BuildingsNot stated in filing
- Documents filed67 files
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Land and ownership3
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 |
|---|---|---|
| Farooq Hannan Moulvi | - | - |
| Yasmeen Attar | - | - |
| Dr. Abdulgani Bashirahmed Sayyed | - | - |
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.
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Niranjan Bastwadkar |
| Engineer | SAGAR HUDDAR |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed67
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/1249/447/PR/200827/003569 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| BANK DETAILSFile: Bank details.pdf | 16 Aug 2020 |
| EC FOR ALL CTS NUMBERFile: EC FOR ALL CTS NUMBER 1.pdf | 16 Aug 2020 |
| 2019-20 BALANCE SHEET AND P & LFile: Balance Sheet, P and L 2019-20.pdf | 16 Aug 2020 |
| IT 2017-18File: IT 2017-18.pdf | 16 Aug 2020 |
| IT FOR 2018-19File: IT FOR 2018-19.pdf | 16 Aug 2020 |
| Previous Project DetailsFile: Previous Project Details.pdf | 2 Jul 2020 |
| Balance Sheet 2019-20File: Balance Sheet, P and L 2019-20.pdf | 2 Jul 2020 |
| P and L 2019-20File: Balance Sheet, P and L 2019-20.pdf | 2 Jul 2020 |
| Sale Deed of 4816-82GFile: Sale Deed of 4816-82G.pdf | 2 Jul 2020 |
| Development Agreement with Owner No. 1 AttarFile: development agrm attar.pdf | 2 Jul 2020 |
| Development Agreement with Owner No. 2 FarooqFile: development farooq.pdf | 2 Jul 2020 |
| Development Agreement with Owner No. 3 SayyedFile: development sayyed.pdf | 2 Jul 2020 |
| Notarized AffidavitFile: Notarized Affidavit.pdf | 2 Jul 2020 |
| Notarized Form BFile: Notarized Form B.pdf | 2 Jul 2020 |
| Notarized Joint affidavit cum declarationFile: Notarized Joint affidavit cum Declaration.pdf | 2 Jul 2020 |
| yrs. Form 15 Nil EncumbranceFile: Nil Encumbrance Certificate.pdf | 2 Jul 2020 |
| NOCFile: NOC.pdf | 2 Jul 2020 |
| CertificateFile: prisma ragistration.pdf | - |
| Commencement certificate | - |
| building plan | - |
| amalgamation | - |
| Not yet done | - |
| Not yet done | - |
| sale deed | - |
| building plan | - |
| building plan | - |
| Not yet done | - |
| Not yet done | - |
| Specification | - |
| Nil Encumbrance Certificate | - |
| Affidavit S 3 | - |
| Joint Affidavit | - |
| KHATA | - |
| JDA and GPA | - |
| Unnamed document | - |
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| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| building plan | - |
| building plan | - |
| Commencement certificate | - |
| Unnamed document | - |
| Balance Sheet 2018 - 2019File: Not yet done.pdf | - |
| Balance Sheet 2017 - 2018File: balance sheet 2018-19.pdf | - |
| Audited Profit and Loss Statement 2018 - 2019File: Not yet done.pdf | - |
| Audited Profit and Loss Statement 2017 - 2018File: P and L 2018-19.pdf | - |
| Income Tax Return Acknowledgement 2018 - 2019File: IT 2019-20.pdf | - |
| Form B | - |
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Builder: Prisma Builders and Developer
Prisma Builders and Developer has 1 registration on RERA Karnataka, including Prisma Apartment. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Belagavi district page.
Frequently asked questions
What are my rights if Prisma Apartment is delayed beyond 30 Sep 2021?
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 Prisma Apartment?
The registered promoter entity is Prisma Builders and Developer, 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 Prisma Apartment?
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 Prisma Apartment?
The professionals named in the filing: Architect: Niranjan Bastwadkar; Engineer: SAGAR HUDDAR. 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 Prisma Apartment?
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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