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Registration approved Plotted Development project

SAFAAL DEVELOPERS

By SAFAAL DEVELOPERS

RG-KA-57057 · RERA PRM/KA/RERA/1271/486/PR/200219/003284 · Last updated on RERA Karnataka portal: 10 Dec 2019

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
Feb 2023Possession promisedmoved 9 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 35 documents Report an error

SAFAAL DEVELOPERS is a Plotted Development project by SAFAAL DEVELOPERS in Shivamogga, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1271/486/PR/200219/003284 on 19 Feb 2020. Possession is promised by 28 Feb 2023. The completion date has moved by 9 months from the original filing.

At a glance

Project

  • NameSAFAAL DEVELOPERS
  • TypePlotted Development
  • Location
    • Shivamogga
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1271/486/PR/200219/003284
  • ReraGenie IDRG-KA-57057

Builder

  • NameSAFAAL DEVELOPERS
  • Entity typePartnership Firm
  • Authorized SignatoryRISHAB MEHTA

Key dates

this monthRegisteredFeb 2020First promiseMay 2022Revised toFeb 2023

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on19 Feb 2020
  • Promised completion28 Feb 2023
  • Revised completionRevised to 28 Feb 2023 (originally 31 May 2022)
  • BuildingsNot stated in filing
  • Documents filed35 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 area32,999 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 66.80 lakh

Extensions applied for1

A revised date filed with the regulator does not change the possession date in your agreement for sale.

ExtensionMay 2022 → Feb 2023

No reason recorded in the filing

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed35

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/1271/486/PR/200219/003284 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
AffidivitFile: affidivit.pdf10 Dec 2019
Form B declarationFile: form b.pdf10 Dec 2019
Additional payment details - challanFile: IMG-20191210-WA0009.jpg10 Dec 2019
Bank pass sheet for payment detailsFile: IMG-20191210-WA0008.jpg10 Dec 2019
Bank passsheetFile: IMG-20191210-WA0012.jpg10 Dec 2019
CertificateFile: REGISTRATION CERTIFICATE.pdf-
provisional _0001-
PLAN -0308-
PLAN -0308-
SALE DEED -
PLAN-
PLAN-
FINAL APPROVAL-
EC-
RTC-
J D A-
general power of athority-
DC ORDER-
SUPLYMENTARY DEED-
SUPLYMENTARY DEED-
NOC ELECTRICITY-
NOC WATER AND UGD-
DC ORDER-
PLAN-
PLAN-
DC CONVERSION ORDER-
Balance Sheet 2016 - 2017File: BALANCE SHEET 2016-17.pdf-
Balance Sheet 2015 - 2016File: BALANCE 2015-16.pdf-
Balance Sheet 2014 - 2015File: BALANCE SHEET 2014-15.pdf-
Audited Profit and Loss Statement 2016 - 2017File: P L 2016-17.pdf-
Audited Profit and Loss Statement 2015 - 2016File: P L 2015-16.pdf-
Audited Profit and Loss Statement 2014 - 2015File: P L 2014-15.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: I T ACK 2016-17.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: I T ACK 2015-16.pdf-
Income Tax Return Acknowledgement 2014 - 2015File: I T ACK 2014-15.pdf-

How this compares with Shivamogga

14%of Shivamogga projects moved their completion datethis one moved by 9 months
0%of Shivamogga registrations are shown as withdrawn or revokedthis one is not

Computed across the 140+ Shivamogga projects on ReraGenie, from their own filings.

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Builder: SAFAAL DEVELOPERS

SAFAAL DEVELOPERS has 1 registration on RERA Karnataka, including SAFAAL DEVELOPERS. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Shivamogga district page.

Frequently asked questions

What are my rights if SAFAAL DEVELOPERS is delayed beyond 28 Feb 2023?

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 SAFAAL DEVELOPERS?

The registered promoter entity is SAFAAL 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 SAFAAL DEVELOPERS?

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 SAFAAL DEVELOPERS?

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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About SAFAAL DEVELOPERS. Everything on this page comes from what the promoter filed on RERA Karnataka, so if a fact looks wrong it helps to say which one.

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