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Shakthi Suncity
RG-KA-70222 · RERA PRM/KA/RERA/1257/334/PR/171214/001490 · Last updated on RERA Karnataka portal: 15 Oct 2020
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
Saved.
Shakthi Suncity is a Residential/Group Housing project by Lathish Suvarna in Dakshina Kannada, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1257/334/PR/171214/001490 on 14 Dec 2017. Possession is promised by 24 Feb 2019. The completion date has moved by 12 months from the original filing.
At a glance
Project
- NameShakthi Suncity
- TypeResidential/Group Housing
- Location
- Mangalore
- Dakshina Kannada
- PincodeNot stated
- RERA no.PRM/KA/RERA/1257/334/PR/171214/001490
- ReraGenie IDRG-KA-70222
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on14 Dec 2017
- Promised completion24 Feb 2019
- Revised completionRevised to 24 Feb 2019 (originally 24 Feb 2018)
- BuildingsNot stated in filing
- Documents filed53 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.
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Mr.Sharun Anchan |
| Engineer | Mr.K Anil Hegde |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterShortage of Building Materials, Concrete, Jalli etc
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed53
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/1257/334/PR/171214/001490 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| AFFIDAVITFile: Affidavit.pdf | 15 Oct 2020 |
| CONSENT LETTERFile: consent latter.pdf | 15 Oct 2020 |
| ENGINEER CERTIFICATEFile: Engineer certificate.pdf | 15 Oct 2020 |
| ITRFile: Return file.pdf | 15 Oct 2020 |
| CertificateFile: IMG.pdf | - |
| Architect Certificate for Work Completion Schedule till DateFile: architectures pending work certificate.pdf | - |
| Engineer Certificate for Work Completion Schedule till DateFile: architectures pending work certificate.pdf | - |
| CA Certificate for Funds UtilizationFile: CA CERTIFICATE 1 MB.pdf | - |
| Architect Certificate for Pending Work Completion Schedule.File: architectures pending work certificate.pdf | - |
| Engineer Certificate for Pending Work Completion Schedule.File: architectures pending work certificate.pdf | - |
| CA Certificate for Funds required for Project CompletionFile: CA CERTIFICATE 1 MB.pdf | - |
| AffidavitFile: IMG_0033.pdf | - |
| Latest Encumbrance Certificate | - |
| Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails.xlsx | - |
| IMG_0033 | - |
| Shakthi Suncity Project Plan | - |
| IMG_0033 | - |
| IMG | - |
| Shakthi Suncity Agreement | - |
| IMG_0033 | - |
| Shakthi Suncity Project Plan | - |
| IMG_0033 | - |
| IMG_0033 | - |
| Brochure Of Shakthi Suncity | - |
| NOC Shakthi Suncity | - |
| IMG_0033 | - |
| IMG_0002 | - |
| SUNCITY KATHA | - |
| jd of suncity | - |
| DS SUNCITY | - |
| _IMG | - |
| Balance Sheet 2015 - 2016File: Balance Sheet 2016-17.pdf | - |
| Balance Sheet 2014 - 2015File: Balance Sheet 2015-2016.pdf | - |
| Balance Sheet 2013 - 2014File: Balance sheet 2014-15.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: IMG.pdf | - |
| Audited Profit and Loss Statement 2014 - 2015File: IMG.pdf | - |
| Audited Profit and Loss Statement 2013 - 2014File: Profit & Loss 2016.pdf | - |
| Director's Report 2015 - 2016File: IMG_0033.pdf | - |
| Director's Report 2014 - 2015File: IMG_0033.pdf | - |
| Director's Report 2013 - 2014File: IMG_0033.pdf | - |
| Cash Flow Statement 2015 - 2016File: IMG_0001.pdf | - |
| Cash Flow Statement 2014 - 2015File: IMG.pdf | - |
| Auditor's Report 2015 - 2016File: Auditor Report.pdf | - |
| Auditor's Report 2014 - 2015File: Auditor Report.pdf | - |
| Auditor's Report 2013 - 2014File: Auditor Report.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: IMG.pdf | - |
| Income Tax Return Acknowledgement 2014 - 2015File: IMG_0001.pdf | - |
| Income Tax Return Acknowledgement 2013 - 2014File: IMG_0002.pdf | - |
| IMG | - |
| Occupancy CertificateFile: completion certificate suncity.pdf | - |
| Completion certificateFile: completion certificate suncity.pdf | - |
| Registered Agreement of SaleFile: NIL -NOT SOLD.pdf | - |
| Registered conveyance deed for an individual unitFile: NIL -NOT SOLD.pdf | - |
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Builder: Lathish Suvarna
Lathish Suvarna has 5 registrations on RERA Karnataka, including Shakthi Empire and Shakthi Suncity. Its filings declare 1 earlier project, none of them declared completed. Read the full track record. See more projects on the Dakshina Kannada district page.
Frequently asked questions
What are my rights if Shakthi Suncity is delayed beyond 24 Feb 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 Shakthi Suncity?
The registered promoter entity is Lathish Suvarna, 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 Shakthi Suncity?
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 Shakthi Suncity?
The professionals named in the filing: Architect: Mr.Sharun Anchan; Engineer: Mr.K Anil Hegde. 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 Shakthi Suncity?
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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