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Registration approved Plotted Development project

Shantinikethana

By PRIME CONSTRUCTION COMPANY

RG-KA-13211 · RERA PRM/KA/RERA/1250/303/PR/190722/002711

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
Sep 2021Possession promisedmoved 9 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 37 documents Report an error

Shantinikethana is a Plotted Development project by PRIME CONSTRUCTION COMPANY in Bengaluru Rural, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1250/303/PR/190722/002711 on 22 Jul 2019. Possession is promised by 30 Sep 2021. The completion date has moved by 9 months from the original filing.

At a glance

Project

  • NameShantinikethana
  • TypePlotted Development
  • Location
    • Devanahalli
    • Bengaluru Rural
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1250/303/PR/190722/002711
  • ReraGenie IDRG-KA-13211

Builder

  • NamePRIME CONSTRUCTION COMPANY
  • Entity typeCompany
  • Authorized SignatoryTHONSE AMARNATH HEGDE
  • OthersSUJATHA HEGDE

Key dates

this monthRegisteredJul 2019First promiseDec 2020Revised toSep 2021

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on22 Jul 2019
  • Promised completion30 Sep 2021
  • Revised completionRevised to 30 Sep 2021 (originally 30 Dec 2020)
  • BuildingsNot stated in filing
  • Documents filed37 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 area6,475 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 1.20 cr

Extensions applied for1

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

ExtensionDec 2020 → Sep 2021

No reason recorded in the filing

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed37

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/1250/303/PR/190722/002711 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: Company Registration Certificate.pdf-
Plan licence and Commencement 1-
Approved Plan-
Approved Plan-
Agreement Of Sale-
Sale Deed-
Specification-
E C-
Affidevit 3 1-
Affidavit cum declaration-
RTC 2017-18-
AOS GPA and MOU-
AOS GPA and MOU-
Converstion Copy-
Converstion Copy-
Converstion Copy-
Affidavit cum declaration-
Converstion Copy-
RTC 2017-18-
Balance Sheet 2017 - 2018File: Balance Sheet AY 2017 to 18.pdf-
Balance Sheet 2016 - 2017File: Balance Sheet AY 2017 to 18.pdf-
Balance Sheet 2015 - 2016File: Balance Sheet AY 2016 to 17.pdf-
Audited Profit and Loss Statement 2017 - 2018File: P and L Account AY 2018 to 19.pdf-
Audited Profit and Loss Statement 2016 - 2017File: P and L Account AY 2017 to 18.pdf-
Audited Profit and Loss Statement 2015 - 2016File: P and L Account AY 2016 to 17.pdf-
Director's Report 2017 - 2018File: Audit Report.pdf-
Director's Report 2016 - 2017File: Audit Report.pdf-
Director's Report 2015 - 2016File: Audit Report.pdf-
Cash Flow Statement 2017 - 2018File: Balance Sheet.pdf-
Cash Flow Statement 2016 - 2017File: Balance Sheet.pdf-
Auditor's Report 2017 - 2018File: Audit Report.pdf-
Auditor's Report 2016 - 2017File: Audit Report.pdf-
Auditor's Report 2015 - 2016File: Audit Report.pdf-
Income Tax Return Acknowledgement 2017 - 2018File: ITR AY 2018-19.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: ITR AY 2017-18.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: ITR AY 2017-18.pdf-
Form B-

How this compares with Bengaluru Rural

20%of Bengaluru Rural projects moved their completion datethis one moved by 9 months
0%of Bengaluru Rural registrations are shown as withdrawn or revokedthis one is not

Computed across the 650+ Bengaluru Rural projects on ReraGenie, from their own filings.

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Builder: PRIME CONSTRUCTION COMPANY

PRIME CONSTRUCTION COMPANY has 1 registration on RERA Karnataka, including Shantinikethana. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Bengaluru Rural district page.

Frequently asked questions

What are my rights if Shantinikethana is delayed beyond 30 Sep 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 Shantinikethana?

The registered promoter entity is PRIME CONSTRUCTION COMPANY, a company 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 Shantinikethana?

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 Shantinikethana?

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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