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Sovereign Srinilaya
RG-KA-23017 · RERA PRM/KA/RERA/1251/308/PR/200304/003316 · Last updated on RERA Karnataka portal: 24 Feb 2020
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
Saved.
Sovereign Srinilaya is a Residential/Group Housing project by Sovereign Builders in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/308/PR/200304/003316 on 4 Mar 2020. Possession is promised by 2 Apr 2022. The completion date has moved by 9 months from the original filing.
At a glance
Project
- NameSovereign Srinilaya
- TypeResidential/Group Housing
- Location
- Anekal
- Bengaluru Urban
- PincodeNot stated
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1251/308/PR/200304/003316
- ReraGenie IDRG-KA-23017
Builder
- NameSovereign Builders
- Entity typePartnership Firm
- Authorized SignatorySuresh Naidu.P
- OthersSuresh Naidu.P
- Other registrations1 more →
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on4 Mar 2020
- Promised completion2 Apr 2022
- Revised completionRevised to 2 Apr 2022 (originally 2 Jul 2021)
- BuildingsNot stated in filing
- Documents filed54 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 | Yukti |
| Engineer | V.Siva Kumar |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
No reason recorded in the filing
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed54
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/1251/308/PR/200304/003316 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Karnataka State Pollution Control Board - NOCFile: KSPCB-NOC.pdf | 24 Feb 2020 |
| BESCOM PaymentFile: BESCOM Payment Receipt.jpg | 20 Jan 2020 |
| KathaFile: KATHA.pdf | 23 Dec 2019 |
| CertificateFile: Firm Registration.pdf | - |
| Commencement Letter | - |
| Approved Plan | - |
| Approved Plan | - |
| Sale Deed - Entire Property | - |
| Approved Plan | - |
| Approved Plan | - |
| EC Entire Property | - |
| Affidavit | - |
| Conversion Order | - |
| KATHA | - |
| Sale Deed - Entire Property | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| Unnamed document | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| 001 (1) | - |
| Approved Plan | - |
| 001 (1) | - |
| 001 (1) | - |
| Balance Sheet 2017 - 2018File: Balance Sheet.pdf | - |
| Balance Sheet 2016 - 2017File: Balance Sheet.pdf | - |
| Balance Sheet 2015 - 2016File: Balance Sheet.pdf | - |
| Audited Profit and Loss Statement 2017 - 2018File: P and L.pdf | - |
| Audited Profit and Loss Statement 2016 - 2017File: P and L.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: P and L.pdf | - |
| Cash Flow Statement 2017 - 2018File: Cash Flow.pdf | - |
| Cash Flow Statement 2016 - 2017File: Cash Flow.pdf | - |
| Income Tax Return Acknowledgement 2017 - 2018File: IT Ack.pdf | - |
| Income Tax Return Acknowledgement 2016 - 2017File: IT ACk.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: IT Ack.pdf | - |
| Form - B | - |
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Builder: Sovereign Builders
Sovereign Builders has 2 registrations on RERA Karnataka, including Sovereign Santhinivasa and Sovereign Srinilaya. 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 Sovereign Srinilaya is delayed beyond 2 Apr 2022?
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 Sovereign Srinilaya?
The registered promoter entity is Sovereign Builders, 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 Sovereign Srinilaya?
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 Sovereign Srinilaya?
The professionals named in the filing: Architect: Yukti; Engineer: V.Siva Kumar. 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 Sovereign Srinilaya?
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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