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Registration approved Plotted Development project

SAINATH ROYAL PARK

By SAI AASHA DEVELOPERS

RG-KA-90504 · RERA PRM/KA/RERA/1251/309/PR/171222/000832

Source: official RERA Karnataka filing

Red flags

  • Completion date moved by 12 months
  • 1 extension taken

Clear

  • No complaints on record
  • Separate project account declared
Mar 2019Possession promisedmoved 12 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 36 documents Report an error

SAINATH ROYAL PARK is a Plotted Development project by SAI AASHA DEVELOPERS in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/309/PR/171222/000832 on 22 Dec 2017. Possession is promised by 31 Mar 2019. The completion date has moved by 12 months from the original filing.

At a glance

Project

  • NameSAINATH ROYAL PARK
  • TypePlotted Development
  • Location
    • Bengaluru North
    • Bengaluru Urban
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1251/309/PR/171222/000832
  • ReraGenie IDRG-KA-90504

Builder

  • NameSAI AASHA DEVELOPERS
  • Entity typePartnership Firm
  • Authorized SignatoryKUNAL KANAIYA KATARIA
  • OthersKANAIYA D KATARIA, PRATIK KANAIYA KATARIA, DHARMANDRA D BHANUSHALI

Key dates

this monthRegisteredDec 2017First promiseMar 2018Revised toMar 2019

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on22 Dec 2017
  • Promised completion31 Mar 2019
  • Revised completionRevised to 31 Mar 2019 (originally 31 Mar 2018)
  • BuildingsNot stated in filing
  • Documents filed36 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 area8,094 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 2.00 cr

Extensions applied for1

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

EX/PRM/KA/RERA/1251/309/PR/220608/000832Mar 2018 → Mar 2019

Reason as filed by the promoterDelay in Approvals

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed36

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/1251/309/PR/171222/000832 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: Registration Certificate.pdf-
Architect Certificate for Work Completion Schedule till DateFile: ArchCertificate.pdf-
Engineer Certificate for Work Completion Schedule till DateFile: EngCertificate.pdf-
CA Certificate for Funds UtilizationFile: Fund Utilisation Certificate.pdf-
Architect Certificate for Pending Work Completion Schedule.File: ArchCertificate.pdf-
Engineer Certificate for Pending Work Completion Schedule.File: EngCertificate.pdf-
CA Certificate for Funds required for Project CompletionFile: CAFundrequired.pdf-
AffidavitFile: FORM B.pdf-
Latest Encumbrance CertificateFile: No Encumbrance Certificate.pdf-
Details Of Sold/ Un-sold UnitsFile: Unsold certificate.pdf-
Document 1File: NDA acknowledgement.pdf-
Document 2File: Bank Statement 01.08.17 TO 13.12.19.pdf-
Document 3File: NDA Approved Plan.pdf-
Document 4File: NDA Final Letter 14-03-19.pdf-
Document 5File: CORPORATION BANK ACCOUNT NUMBER CHANGE SAI AASHA DEVELOPERS.pdf-
Approved plan-
Approved plan-
Approved plan-
Agreement for sale sai asha-
Absolute Sale Deed-
Approved plan-
Approved plan-
Approved plan-
Encumbrances-
RTC-
Balance Sheet 2015 - 2016File: Balance Sheet FY1516.pdf-
Balance Sheet 2014 - 2015File: Balance Sheet FY1415.pdf-
Balance Sheet 2013 - 2014File: Balance Sheet FY1314.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: ITR Ack FY1516.pdf-
Income Tax Return Acknowledgement 2014 - 2015File: ITR Ack FY1415.pdf-
Income Tax Return Acknowledgement 2013 - 2014File: ITR Ack FY1314.pdf-
Declaraton-
Prospectus/BrochureFile: NO Brouchure.pdf-
Advertisement Copy 1File: No Advertisement.pdf-
Plot Excel SheetFile: PRM_KA_RERA_1251_309_PR_171222_000832.xlsx-
Completion certificateFile: NDA FINAL LETTER & PLAN.pdf-

How this compares with Bengaluru Urban

34%of Bengaluru Urban projects moved their completion datethis one moved by 12 months
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: SAI AASHA DEVELOPERS

SAI AASHA DEVELOPERS has 1 registration on RERA Karnataka, including SAINATH ROYAL PARK. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Bengaluru Urban district page.

Frequently asked questions

What are my rights if SAINATH ROYAL PARK is delayed beyond 31 Mar 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 SAINATH ROYAL PARK?

The registered promoter entity is SAI AASHA 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 SAINATH ROYAL 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 SAINATH ROYAL 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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