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Registration approved Mixed Development project

SAI LAKSHMI TOWER

By RAJESH PREMANAND RANE

RG-KA-08958 · RERA PRM/KA/RERA/1274/351/PR/180524/001817

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
Jan 2021Possession promisedmoved 9 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 42 documents Report an error

SAI LAKSHMI TOWER is a Mixed Development project by RAJESH PREMANAND RANE in Uttara Kannada, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1274/351/PR/180524/001817 on 24 May 2018. Possession is promised by 17 Jan 2021. The completion date has moved by 9 months from the original filing.

At a glance

Project

  • NameSAI LAKSHMI TOWER
  • TypeMixed Development
  • Location
    • Karwar
    • Uttara Kannada
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PRM/KA/RERA/1274/351/PR/180524/001817
  • ReraGenie IDRG-KA-08958

Builder

  • NameRAJESH PREMANAND RANE

Key dates

this monthRegisteredMay 2018First promiseApr 2020Revised toJan 2021

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on24 May 2018
  • Promised completion17 Jan 2021
  • Revised completionRevised to 17 Jan 2021 (originally 17 Apr 2020)
  • Buildings1 building record
  • Documents filed42 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
SAI LAKSHMI TOWER-----25

The full filing

Everything below is from the project's own RERA Karnataka filing, free to read.

Construction progress by building1

The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.

Building:

ActivityProgress
Earth work and other leveling preparation work-
Foundation footing work-
Retaining wall (All types)-
Plinth level Beam-
Sub-structure flooring (Parking Floor, more than one floor below general ground level)-
RCC or MS Framed structure-
Masonry construction: Bricks, Concrete blocks etc-
Plastering inside , outside & Ceiling-
Joinery: Doors, Windows, Ventilators etc-
Basic work of Water supply, Sanitary and Electrification-
Dadoing, Skirting, Flooring, Tiles work (All types)-
Railing and Grill fixing-
Electrification, Water supply and Sanitary Finishing-
Wardrobe, Showcase, Kitchen cabinet, Puja workNot applicable
Fire prevention and fire fighting fitting and fixture with network-
Weather Proof work(tile,concrete)-
Painting-
Elevation work-
Internal and External work including landscapes as per santioned drawings-

Progress on shared amenities41

Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.

Common facilityProposedProgress
Water SupplyYes-
Internal Roads & FootpathsYes-
Sewage and Drainage SystemYes-
Parks & Tree plantingNoNot applicable
Street LightingYes-
Provision for community buildings and for treatment and disposal of sewage and sullage waterYes-
Solid waste management and disposalNoNot applicable
Water conservationYes-
Energy managementYes-
Fire protection and fire safety requirementsNoNot applicable
Education/Health/Other public amenitiesNoNot applicable
Electricity supply transformer and substationYes-
Emergency Evacuation servicesYes-
Storm water drainsNoNot applicable
Use of renewable energyNoNot applicable
Water conservation/rain water harvesting/recharge of ground waterNoNot applicable
ElectricityYes-
Smart Home AutomationNoNot applicable
CCTV SurveillanceNoNot applicable
Club HouseNoNot applicable
Community HallNoNot applicable
Outdoor Sports facilityNoNot applicable
Indoor Sports facilityNoNot applicable
Swimming PoolNoNot applicable
GymNoNot applicable
ParksNoNot applicable
Power BackupNoNot applicable
GasNoNot applicable
Water and SanitationNoNot applicable
Air Conditioning And incerntionNoNot applicable
StaircasesYes-
LiftsYes-
Staircases and Lift lobbies, corridor,lobbies, corridorYes-
Fire escapesYes-
Common entrance and exit for the building / common portico/foyer/verandahYes-
BasementYes-
TerraceNoNot applicable
Outer WallYes-
Open parking areas and common storage spacesNoNot applicable
Provision for lodging of management staff and security staffNoNot applicable
Water conservation and renewable energyNoNot applicable

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 area568 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 3.01 cr

Certifying professionals and partners2

Certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectMrs . KANCHAN .S. VERNEKAR
EngineerB . MAHESH

Extensions applied for1

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

ExtensionApr 2020 → Jan 2021

No reason recorded in the filing

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed42

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/1274/351/PR/180524/001817 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CC-
Building Plan-
layout - Rajesh Rane-
Performa of Sale deed-
Agreement for Sale-
Performa of Sale deed-
Building Plan-
Area Development Plan-
Provisional Allotment Letter-
Brochures-
Project Specification-
EC-
SALE DEED AND RTC-
jda -
other documents-
layout - Rajesh Rane-
plan and specification-
Conversion Order-
Balance Sheet 2016 - 2017File: Balance Sheet.pdf-
Balance Sheet 2015 - 2016File: Balance Sheet.pdf-
Balance Sheet 2014 - 2015File: Balance Sheet.pdf-
Audited Profit and Loss Statement 2016 - 2017File: Profit and Loss Statement.pdf-
Audited Profit and Loss Statement 2015 - 2016File: Profit and Loss Statement.pdf-
Audited Profit and Loss Statement 2014 - 2015File: Profit and Loss Statement.pdf-
Director's Report 2016 - 2017File: Director Report Declaration.pdf-
Director's Report 2015 - 2016File: Director Report Declaration.pdf-
Director's Report 2014 - 2015File: Director Report Declaration.pdf-
Cash Flow Statement 2016 - 2017File: Cash Flow Statement.pdf-
Cash Flow Statement 2015 - 2016File: Cash Flow Statement.pdf-
Auditor's Report 2016 - 2017File: Auditor Report Declaration.pdf-
Auditor's Report 2015 - 2016File: Auditor Report Declaration.pdf-
Auditor's Report 2014 - 2015File: Auditor Report Declaration.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: ITR 16-17.jpg-
Income Tax Return Acknowledgement 2015 - 2016File: ITR 15-16.jpg-
Income Tax Return Acknowledgement 2014 - 2015File: ITR 14-15.jpg-
Form-B-
Prospectus/BrochureFile: sai lakshmi tower boucher.pdf-
Advertisement Copy 1File: sai lakshmi tower boucher.pdf-
Tower Excel SheetFile: PRM_KA_RERA_1274_351_PR_180524_001817 (2).xlsx-
Occupancy CertificateFile: Completion Certificate.jpeg-
Completion certificate issued by the competent authorityFile: Completion Certificate.jpeg-
Registered Agreement of SaleFile: Registered Agreement to Sale.pdf-

How this compares with Uttara Kannada

22%of Uttara Kannada projects moved their completion datethis one moved by 9 months
0%of Uttara Kannada registrations are shown as withdrawn or revokedthis one is not

Computed across the 100+ Uttara Kannada projects on ReraGenie, from their own filings.

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Other projects near Uttara Kannada100+ in Uttara Kannada

2 kmSAI LAKSHMI TOWEROther 15Dot size: filed unitsN

Filed coordinates, straight-line distance. 15 registered projects within 2 km.

Builder: RAJESH PREMANAND RANE

RAJESH PREMANAND RANE has 1 registration on RERA Karnataka, including SAI LAKSHMI TOWER. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Uttara Kannada district page.

Frequently asked questions

What are my rights if SAI LAKSHMI TOWER is delayed beyond 17 Jan 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 SAI LAKSHMI TOWER?

The registered promoter entity is RAJESH PREMANAND RANE. 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 SAI LAKSHMI TOWER?

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 SAI LAKSHMI TOWER?

The professionals named in the filing: Architect: Mrs . KANCHAN .S. VERNEKAR; Engineer: B . MAHESH. 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 SAI LAKSHMI TOWER?

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 SAI LAKSHMI TOWER. 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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