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Registration approved Plotted Development project

RAIN BOW PARK

By RAIN BOW PROPERTIES

RG-KA-73150 · RERA PRM/KA/RERA/1251/310/PR/190305/002477

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
Dec 2019Possession promisedno revision filed
0Complaints at RERA Karnatakaon this registration
Jump to the 58 documents Report an error

RAIN BOW PARK is a Plotted Development project by RAIN BOW PROPERTIES in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/310/PR/190305/002477 on 5 Mar 2019. Possession is promised by 31 Dec 2019.

At a glance

Project

  • NameRAIN BOW PARK
  • TypePlotted Development
  • Location
    • Bengaluru South
    • Bengaluru Urban
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1251/310/PR/190305/002477
  • ReraGenie IDRG-KA-73150

Builder

  • NameRAIN BOW PROPERTIES
  • Entity typePartnership Firm
  • Authorized SignatorySUPREETTH VIMALA SURESH
  • OthersSADASHIVA K
  • Declared earlier projects3 →

Key dates

this monthRegisteredMar 2019PromisedDec 2019

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on5 Mar 2019
  • Promised completion31 Dec 2019
  • Revised completionNone
  • BuildingsNot stated in filing
  • Documents filed58 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.

Land area18,211 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 5.00 cr

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed58

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/190305/002477 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: Firm registration form RP.jpg-
CC & Plan-
NEW Plan-
Uttari layout plan-
DEED OF ABSOLUTE SALE-Draft-
AGREEMENT FOR SALE-Draft-
Sadashiv sale deed-
NEW Plan-
Uttari layout plan-
PARK ALLOT LTR-
Broucherss-
Layout Specification-
Uttari latest EC-
Affidavit to rera-
RTC-
JDA Uttari-
Conversion Order Copy of Uttari-
Uttari layout plan-
Uttari layout plan-
ConversionS-
Advocte search report-
Balance Sheet 2017 - 2018File: Balance sheet 2018.pdf-
Balance Sheet 2016 - 2017File: Balance sheet 2017.pdf-
Balance Sheet 2015 - 2016File: Balance sheet 2016.pdf-
Audited Profit and Loss Statement 2017 - 2018File: P & L 2018.pdf-
Audited Profit and Loss Statement 2016 - 2017File: P & L 2017.pdf-
Audited Profit and Loss Statement 2015 - 2016File: Balance sheet 2016.pdf-
Director's Report 2017 - 2018File: Disclaimer.pdf-
Director's Report 2016 - 2017File: Disclaimer.pdf-
Director's Report 2015 - 2016File: Disclaimer.pdf-
Cash Flow Statement 2017 - 2018File: Disclaimer.pdf-
Cash Flow Statement 2016 - 2017File: Disclaimer.pdf-
Auditor's Report 2017 - 2018File: Disclaimer.pdf-
Auditor's Report 2016 - 2017File: Disclaimer.pdf-
Auditor's Report 2015 - 2016File: Disclaimer.pdf-
Income Tax Return Acknowledgement 2017 - 2018File: Acknowledgement 18-19.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: Acknowledgement 17-18.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: Acknowledgement 16-17.pdf-
Declaration-
Prospectus/BrochureFile: Rainbow_Park_Brochure.pdf-
Advertisement Copy 1File: Park Add.pdf-
Plot Excel SheetFile: PRM_KA_RERA_1251_310_PR_190305_002477.xlsx-
Final plan technical sanction LetterFile: PARK TECHNICAL PLAN.pdf-
Final layout plan sanctionedFile: PARK TECHNICAL PLAN.pdf-
Completion CertificateFile: PARK KPA COMPLETION LETTER.pdf-
Site release order Copies(1st,2nd phase and final release order)File: PARK KPA RELEASE LTR.pdf-
Relinquishment deed executed handed over detailsFile: PARK KPA RELINQUISHMENT LETTER.pdf-
Certificate issued by P.W.D/ Panchayath Raj/Urban Local Bodies for completion of RoadFile: PARK KPA COMPLETION LETTER.pdf-
Certificate issued by the Karnataka Urban Water supplyFile: SERVICES.pdf-
Certificate issued by the concerned power supply(ESCOM'S)File: PARK BESCOM CERTIFICATE.pdf-
Certificate issued by KSPCB, consent for operation of STP plantFile: DISCLAIMER NA FOR THIS PROJECT.pdf-
Whether the structures,civic amenities and other services handed over to local authority for maintenanceFile: PARK KPA RELINQUISHMENT LETTER.pdf-
Brief description of Water supply and Underground drainage worksFile: SERVICES.pdf-
Whether the transformer has been erected within layout and copy of power sanctioned to the layout issued by ESFile: PARK BESCOM CERTIFICATE.pdf-
Chartered Accountant Certificate (Form-4)File: PARK C A CERTIFICATE.pdf-
Architect's Certificate (Form-5)File: Form-5, Architect Certificate.pdf-
Engineer's Certificate (Form-6)File: PARK ENGINEERS CERTIFICATE.pdf-
Affidavit from Promoter for completing project as per advertisement published in brochure and as per project sFile: RERA PARK AFFIDAVIT COMPLETION.pdf-

Promoter's earlier projects3

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.

3 declared completed, no finish date filed
ProjectLocationStatusPromisedDelivered
RAINBOW WATERFRONT-Completed-No date filed
RAINBOW LAKE SQUARE-Completed-No date filed
RAINBOW GLENDALE-Completed-No date filed

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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Other projects near Bengaluru Urban4,100+ in Bengaluru Urban

Builder: RAIN BOW PROPERTIES

RAIN BOW PROPERTIES has 1 registration on RERA Karnataka, including RAIN BOW PARK. Its filings declare 3 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 RAIN BOW PARK is delayed beyond 31 Dec 2019?

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 RAIN BOW PARK?

The registered promoter entity is RAIN BOW PROPERTIES, 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 RAIN BOW PARK?

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 RAIN BOW PARK?

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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