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RIQUEZA PARK
By LOTUS VALUE
RG-KA-53175 · RERA PRM/KA/RERA/1268/381/PR/181226/002253
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.
RIQUEZA PARK is a Plotted Development project by LOTUS VALUE in Mysore, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1268/381/PR/181226/002253 on 26 Dec 2018. Possession is promised by 24 Sep 2022. The completion date has moved by 9 months from the original filing.
At a glance
Project
- NameRIQUEZA PARK
- TypePlotted Development
- Location
- Hunsur
- Mysore
- PincodeNot stated
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1268/381/PR/181226/002253
- ReraGenie IDRG-KA-53175
Builder
- NameLOTUS VALUE
- Entity typePartnership Firm
- Authorized SignatoryKempegowda
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on26 Dec 2018
- Promised completion24 Sep 2022
- Revised completionRevised to 24 Sep 2022 (originally 24 Dec 2021)
- BuildingsNot stated in filing
- Documents filed19 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 filed19
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/1268/381/PR/181226/002253 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: Partnership Deed.pdf | - |
| Commencement Certificate1 | - |
| Approve Layout Plan | - |
| Approve Layout Plan | - |
| Sale Deed - RIQUEZA PARK | - |
| Lotus Riqueza Park - Brochure1 | - |
| Encumbrace Certificate | - |
| Katha 1 | - |
| Conversion Order | - |
| Unnamed document | - |
| Approve Layout Plan | - |
| Legal Report | - |
| Balance Sheet 2016 - 2017File: Balance Sheet FY 17-18.pdf | - |
| Audited Profit and Loss Statement 2016 - 2017File: Auditors Report - FY 17-18.pdf | - |
| Director's Report 2016 - 2017File: Board Report FY 17-18.pdf | - |
| Cash Flow Statement 2016 - 2017File: Cash Flow FY 17-18.pdf | - |
| Auditor's Report 2016 - 2017File: Auditors Report - FY 17-18.pdf | - |
| Income Tax Return Acknowledgement 2016 - 2017File: ITR - FY 17-18.pdf | - |
| Form - B | - |
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How this compares with Mysore
Computed across the 700+ Mysore projects on ReraGenie, from their own filings.
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Builder: LOTUS VALUE
LOTUS VALUE has 1 registration on RERA Karnataka, including RIQUEZA PARK. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Mysore district page.
Frequently asked questions
What are my rights if RIQUEZA PARK is delayed beyond 24 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 RIQUEZA PARK?
The registered promoter entity is LOTUS VALUE, 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 RIQUEZA 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 RIQUEZA 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; 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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