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Registration approved Plotted Development project

SHAKTHINAGARA

By SHAKTHI INFRA DEVELOPERS

RG-KA-71346 · RERA PRM/KA/RERA/1271/486/PR/190711/002671

Source: official RERA Karnataka filing

Red flags

  • No red flags in this filing

Clear

  • No complaints on record
  • Completion date never moved
  • Separate project account declared
Mar 2018Possession promisedno revision filed
0Complaints at RERA Karnatakaon this registration
Jump to the 31 documents Report an error

SHAKTHINAGARA is a Plotted Development project by SHAKTHI INFRA DEVELOPERS in Shivamogga, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1271/486/PR/190711/002671 on 11 Jul 2019. Possession is promised by 28 Mar 2018.

At a glance

Project

  • NameSHAKTHINAGARA
  • TypePlotted Development
  • Location
    • Shivamogga
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PRM/KA/RERA/1271/486/PR/190711/002671
  • ReraGenie IDRG-KA-71346

Builder

  • NameSHAKTHI INFRA DEVELOPERS
  • Entity typePartnership Firm
  • Authorized SignatorySHASHIKUMAR .V.M

Key dates

Registered
11 Jul 2019
Promised
28 Mar 2018

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on11 Jul 2019
  • Promised completion28 Mar 2018
  • Revised completionNone
  • BuildingsNot stated in filing
  • Documents filed31 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 area10,892 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 1.44 cr

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed31

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/190711/002671 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: SID REG CERTI PDF.pdf-
100% reles plan Nidhige-
nidige approved plan -pdf-
nidige customer sale dead draft - pdf-
NIDIGE SITE DRAFT SALE AGREEMENT-
SALE DEED SHAKTHI NAGARA-
COMPLITION ORDER suda order-
AREA DEVELOPEMENT PLAN PDF-
COMPLITION ORDER suda order-
SHAKTHI NAGARA NIDIGE BROCHER-
SID NOC NIDIGE PDF-
PROJECT SPECIFICATION pdf-
ECSYNO31-
SHAKTHI NAGARA RTC PDF-
100% reles plan Nidhige-
100% reles plan Nidhige-
NA COPY-
Balance Sheet 2016 - 2017File: 16-17 BS.pdf-
Balance Sheet 2015 - 2016File: 15-16 BS.pdf-
Balance Sheet 2014 - 2015File: 14-15 BS.pdf-
Audited Profit and Loss Statement 2016 - 2017File: 16-17 P& L.pdf-
Audited Profit and Loss Statement 2015 - 2016File: 15-16 P& L.pdf-
Audited Profit and Loss Statement 2014 - 2015File: 14-15 P&L.pdf-
Auditor's Report 2016 - 2017File: 2017.pdf-
Auditor's Report 2015 - 2016File: 2016.pdf-
Auditor's Report 2014 - 2015File: 2015.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: 16-17 IT RETURNS.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: 15-16 IT RETURNS.pdf-
Income Tax Return Acknowledgement 2014 - 2015File: 14-15 IT RETURNS.pdf-
shakthi nagara declaration form -B-
Plot Excel SheetFile: PRMKARERA1271486PR190711002671.xlsx-

How this compares with Shivamogga

14%of Shivamogga projects moved their completion datethis one has not
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: SHAKTHI INFRA DEVELOPERS

SHAKTHI INFRA DEVELOPERS has 1 registration on RERA Karnataka, including SHAKTHINAGARA. 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 SHAKTHINAGARA is delayed beyond 28 Mar 2018?

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 SHAKTHINAGARA?

The registered promoter entity is SHAKTHI INFRA 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 SHAKTHINAGARA?

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 SHAKTHINAGARA?

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; whether construction progress keeps pace with sales in the coming quarters.

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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