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Registration approved Residential/Group Housing project

SRI VANI ORCHIDS

By SRI VANISHELTERS

RG-KA-54462 · RERA PRM/KA/RERA/1251/310/PR/181010/002060 · Last updated on RERA Karnataka portal: 20 Oct 2020

Source: official RERA Karnataka filing

Red flags

  • Completion date moved by 12 months
  • 2 extensions taken

Clear

  • Separate project account declared
Jump to the 27 documents Report an error

SRI VANI ORCHIDS is a Residential/Group Housing project by SRI VANISHELTERS in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/310/PR/181010/002060 on 10 Oct 2018. Possession is promised by 1 Dec 2020. The completion date has moved by 12 months from the original filing.

At a glance

Project

  • NameSRI VANI ORCHIDS
  • TypeResidential/Group Housing
  • Location
    • Bengaluru South
    • Bengaluru Urban
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1251/310/PR/181010/002060
  • ReraGenie IDRG-KA-54462

Builder

  • NameSRI VANISHELTERS
  • Entity typePartnership Firm
  • Authorized SignatoryMr. PRADEEP KUMAR .K
  • OthersMrs. Torur MuraliVani

Key dates

this monthRegisteredOct 2018First promiseDec 2019Revised toDec 2020

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on10 Oct 2018
  • Promised completion1 Dec 2020
  • Revised completionRevised to 1 Dec 2020 (originally 1 Dec 2019)
  • BuildingsNot stated in filing
  • Documents filed27 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 area2,530 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 8.00 cr

Extensions applied for2

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

ExtensionDec 2019 → Jun 2021

No reason recorded in the filing

EX/PRM/KA/RERA/1251/310/PR/201222/002060Jun 2021 → Dec 2020

Reason as filed by the promoterAwaiting Approvals

Documents filed27

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/1251/310/PR/181010/002060 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
Bank PassbookFile: Cleared Bank Passbook.pdf20 Oct 2020
CA Certificate for Funds UtilisationFile: CA Certificate Fund utilized.pdf14 Oct 2020
CA Certificate for Funds requiredFile: CA Certificate for Funds Required .pdf14 Oct 2020
Bank StatementFile: Bank Statement.pdf14 Oct 2020
Commencement applied CopyFile: Commencement Applied Copy.jpeg14 Oct 2020
Notarised affidavitFile: Affidavit.pdf14 Oct 2020
Consent letterFile: Consent Letter.pdf14 Oct 2020
Sold unsold units detailsFile: SoldUnsoldDetails for Extension of project RERA.xlsx14 Oct 2020
Reason for delayFile: Reason of Delay.pdf14 Oct 2020
Medical certificateFile: Medical Certificate.pdf14 Oct 2020
Architect certificate completedFile: Architect Certificate Completed.pdf14 Oct 2020
Architect certificate pendingFile: Architect Certificate Pending.pdf14 Oct 2020
Engineer certificate completedFile: Engineer Certificate Project Extension Completed.pdf14 Oct 2020
Engineer certificate pendingFile: Engineer Certificate Project Extension Pending.pdf14 Oct 2020
CertificateFile: Vat registration certificate.pdf-
Architect Certificate for Work Completion Schedule till DateFile: Arc certificate - work pending.pdf-
Engineer Certificate for Work Completion Schedule till DateFile: Engg certificate - work pending.pdf-
CA Certificate for Funds UtilizationFile: CA certificate - fund utilized.pdf-
Architect Certificate for Pending Work Completion Schedule.File: Arc certificate - work completed.pdf-
Engineer Certificate for Pending Work Completion Schedule.File: Engg certificate - work completed.pdf-
CA Certificate for Funds required for Project CompletionFile: CA certificate - funds required.pdf-
AffidavitFile: Affidavit Sri Vani Shelters.pdf-
Latest Encumbrance CertificateFile: EC Sri Vani Shelters.pdf-
Consent letter from 2/3rd of AllotteesFile: 2:3rd Consent letter.pdf-
Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails for Extension of project.xlsx-
Document 1File: letter.pdf-
Document 2File: affidavit.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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Builder: SRI VANISHELTERS

SRI VANISHELTERS has 1 registration on RERA Karnataka, including SRI VANI ORCHIDS. 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 SRI VANI ORCHIDS is delayed beyond 1 Dec 2020?

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 SRI VANI ORCHIDS?

The registered promoter entity is SRI VANISHELTERS, 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 SRI VANI ORCHIDS?

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 SRI VANI ORCHIDS?

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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About SRI VANI ORCHIDS. Everything on this page comes from what the promoter filed on RERA Karnataka, so if a fact looks wrong it helps to say which one.

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