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SRI VIDHYA PALACE
RG-KA-16760 · RERA PRM/KA/RERA/1273/318/PR/060422/004818 · Last updated on RERA Karnataka portal: 17 Mar 2022
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
Saved.
SRI VIDHYA PALACE is a Residential/Group Housing project by B MADHUSUDHAN ACHARYA in Udupi, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1273/318/PR/060422/004818 on 6 Apr 2022. Possession is promised by 18 Oct 2021. 0 of the 19 units on this registration are recorded sold or booked, and 0 of 14 construction stages are filed complete.
At a glance
Project
- NameSRI VIDHYA PALACE
- TypeResidential/Group Housing
- Location
- Udupi
- 576101
- Pincode576101
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1273/318/PR/060422/004818
- ReraGenie IDRG-KA-16760
Builder
- NameB MADHUSUDHAN ACHARYA
- Entity typeProprietorship Firm
- Authorized SignatoryB MADHUSUDHAN ACHARYA
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on6 Apr 2022
- Promised completion18 Oct 2021
- Revised completionNone
- Buildings1 building record
- Documents filed75 files
Current status
Figures as on 17 Mar 2022, this project's latest RERA Karnataka filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| SHREE VIDYA PALACE | - | - | - | 19 | 0 | 19 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
As on 17 Mar 2022, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
0 of 14 construction stages are filed complete. The stage furthest along is Earth work and other leveling preparation work, at 0%.
Building: 0% average across the applicable activities
| Activity | Progress |
|---|---|
| Earth work and other leveling preparation work | - |
| Foundation footing work | - |
| Upto Plinth Level | - |
| Sub-structure flooring (Parking Floor, more than one floor below general ground level) | - |
| Retaining wall (All types) | Not applicable |
| RCC or MS Framed structure | - |
| Masonry Construction | - |
| Plastering inside , outside & Ceiling | - |
| Joinery: Doors, Windows, Ventilators etc | - |
| Basic work of Water supply, Sanitary and Electrification | - |
| Dadoing, Skirting, Flooring, Tiles work (All types) | - |
| Railing and Grill fixing | - |
| Electrification, Water supply and Sanitary Finishing | - |
| Painting | - |
| Fire prevention and fire fighting fitting and fixture with network | Not applicable |
| Weather Proof work(tile,concrete) | Not applicable |
| Wardrobe, Showcase, Kitchen cabinet, Puja work | Not applicable |
| Elevation work | - |
| Internal and External work including landscapes as per sanctioned drawings | Not applicable |
Progress on shared amenities40
As on 17 Mar 2022, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Water Supply | Yes | - |
| Sewage and Drainage System | Yes | - |
| Water conservation/rain water harvesting/recharge of ground water | No | Not applicable |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Solid waste management and disposal | No | Not applicable |
| Emergency Evacuation services | No | Not applicable |
| Internal Roads & Footpaths | No | Not applicable |
| Electricity supply transformer and substation | Yes | - |
| Storm water drains | Yes | - |
| Use of renewable energy | No | Not applicable |
| Sewage Treatment Plant (STP) | No | Not applicable |
| Parks & Tree planting | No | Not applicable |
| Street Lighting | No | Not applicable |
| Electricity | Yes | - |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | No | Not applicable |
| Club House | No | Not applicable |
| Community Hall | No | Not applicable |
| Outdoor Sports facility | No | Not applicable |
| Indoor Sports facility | No | Not applicable |
| Swimming Pool | No | Not applicable |
| Gym | No | Not applicable |
| Parks | No | Not applicable |
| Power Backup | No | Not applicable |
| Piped Gas | No | Not applicable |
| Water and Sanitation | No | Not applicable |
| Air Conditioning | No | Not applicable |
| Staircases | Yes | - |
| Lifts | Yes | - |
| Corridor/Lobbies | Yes | - |
| Fire escapes | No | Not applicable |
| Common entrance and exit for the building/common portico/foyer/verandah | No | Not applicable |
| Basement | No | Not applicable |
| Terrace | Yes | - |
| Outer Wall | No | Not applicable |
| Open parking areas | No | Not applicable |
| Provision for lodging of management staff and security staff | No | Not applicable |
| Water conservation and renewable energy | No | Not applicable |
| Common storage spaces | No | Not applicable |
Land and ownership1
This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| B MADHUSUDHAN ACHARYA AND ARCHANA ACHAYRA | - | - |
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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| - | NA | Rs 3.33 cr | - |
Certifying professionals and partners3
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | SHALINI SURESH |
| Engineer | RAKSHITH T |
| Chartered Accountant | INNA VENKATARAMANA SHARMA |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed75
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/1273/318/PR/060422/004818 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| water nocFile: WATER NOC.pdf | 17 Mar 2022 |
| clarificationFile: clarification.pdf | 17 Mar 2022 |
| balance sheet for 2019-20File: balance sheet 2019.pdf | 26 Feb 2022 |
| balance sheet for 2020-21File: balance sheet 2020.pdf | 26 Feb 2022 |
| ca certficate for profit and loss accountFile: ca certificate.pdf | 26 Feb 2022 |
| power nocFile: mescom noc.pdf | 26 Feb 2022 |
| proforma of Agreement of Sale (AOS)File: proforma AOS-MADHUSUDHAN.pdf | 26 Feb 2022 |
| Proforma of Allotment LetterFile: proforma allottment letter.pdf | 26 Feb 2022 |
| Septic tank, Soak pit and sewer line demarcation site planFile: sanction-plan-(2).pdf | 26 Feb 2022 |
| STP drawingFile: STP-drawing.pdf | 26 Feb 2022 |
| clarificationFile: clarification.pdf | 26 Feb 2022 |
| RTC, survey 92/26B2 | - |
| Mutation, survey 92/26B2 | - |
| Encumbrance Certificate, survey 92/26B2 | - |
| Conversion/Alienation Order, survey 92/26B2 | - |
| Sale/Title/Gift Deed, survey 92/26B2 | - |
| Khatha, survey 92/26B2 | - |
| Registration CertificateFile: GST CERTFICATE.pdf | - |
| Certificate issued by CA Form 1File: CA CERTIFICATE.pdf | - |
| Certificate issued by Architect Form 2File: ARCHITECT CERTFICATE.pdf | - |
| Certificate issued by Engineer Form 3File: ENGINEER CERTFICATE.pdf | - |
| Project Chartered Accountant | - |
| Project Engineer | - |
| Project Architect | - |
| AffidavitFile: LITIGATION AFFIDAVIT.pdf | - |
| Certificate from Chartered AccountFile: APPROVAL CERTFICATE.pdf | - |
| Balance Sheet 2020 - 2021File: BALANCE SHEET 2020.jpg | - |
| Balance Sheet 2019 - 2020File: BALANCE SHEET 2019.pdf | - |
| Balance Sheet 2018 - 2019File: BALANCE SHEET 2018.pdf | - |
| Cash Flow Statement 2020 - 2021File: STATEMENT OF INCOME 2020.pdf | - |
| Cash Flow Statement 2019 - 2020File: STATEMENT OF INCOME 2019.pdf | - |
| Income Tax Return Acknowledgement 2020 - 2021File: ITR ACK 2020.jpg | - |
| Income Tax Return Acknowledgement 2019 - 2020File: ITR ACK 2019.jpg | - |
| Income Tax Return Acknowledgement 2018 - 2019File: ITR ACK 2018.pdf | - |
| building licence 2016 to 2020 final | - |
| sanction plan | - |
| single layout | - |
| sanction plan | - |
| single layout | - |
| sanction plan | - |
| SPECEFICATION | - |
| single layout | - |
| single layout | - |
| STABILITY CERTFICATE | - |
| title deed | - |
| conversion order_compressed | - |
| conversion order_compressed | - |
| DOD_compressed | - |
| BROUCHER_compressed | - |
| FORM B | - |
| AFFIDAVIT | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| Unnamed document | - |
| GPA | - |
| OCCUPNACY CERTFICATE | - |
| GADINCE VALUE | - |
| BANK AFFIDAVIT FOR COMPLETION | - |
| bank affidavith with passbook | - |
| Occupancy CertificateFile: OCCUPNACY CERTFICATE.pdf | - |
| Completion certificate issued by the competent authorityFile: OCCUPNACY CERTFICATE.pdf | - |
| Registered conveyance deed for an individual unitFile: DOD_compressed.pdf | - |
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Builder: B MADHUSUDHAN ACHARYA
B MADHUSUDHAN ACHARYA has 1 registration on RERA Karnataka, including SRI VIDHYA PALACE. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Udupi district page.
Frequently asked questions
What are my rights if SRI VIDHYA PALACE is delayed beyond 18 Oct 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 SRI VIDHYA PALACE?
The registered promoter entity is B MADHUSUDHAN ACHARYA, a proprietorship 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 VIDHYA PALACE?
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 SRI VIDHYA PALACE?
The professionals named in the filing: Architect: SHALINI SURESH; Engineer: RAKSHITH T; Chartered Accountant: INNA VENKATARAMANA SHARMA. 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 SRI VIDHYA PALACE?
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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