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SRINIDHI COMMERCIAL COMPLEX
RG-KA-04908 · RERA PRM/KA/RERA/1273/319/PR/220223/005744 · Last updated on RERA Karnataka portal: 14 Feb 2023
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.
SRINIDHI COMMERCIAL COMPLEX is a Commercial project by RAVINDRA VASANTHA SHETTY in Udupi, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1273/319/PR/220223/005744 on 22 Feb 2023. Possession is promised by 31 Dec 2025. 0 of the 32 units on this registration are recorded sold or booked, and 0 of 14 construction stages are filed complete.
At a glance
Project
- NameSRINIDHI COMMERCIAL COMPLEX
- TypeCommercial
- Location
- Karkala
- Udupi
- 574104
- Pincode574104
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1273/319/PR/220223/005744
- ReraGenie IDRG-KA-04908
Builder
- NameRAVINDRA VASANTHA SHETTY
- Entity typeProprietorship Firm
- Authorized SignatoryRAVINDRA VASANTHA SHETTY
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on22 Feb 2023
- Promised completion31 Dec 2025
- Revised completionNone
- Buildings1 building record
- Documents filed111 files
Current status
Figures as on 14 Feb 2023, this project's latest RERA Karnataka filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| SRINIDHI COMMERCIAL COMPLEX | - | - | - | 0 | 32 | 32 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
As on 14 Feb 2023, 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 14 Feb 2023, 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 | Yes | - |
| 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 | No | Not applicable |
| 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 | Yes | - |
| 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 ownership5
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 |
|---|---|---|
| RAVINDRA VASANTHA SHETTY & HEMALATH R SHETTY | - | - |
| RAVINDRA VASANTHA SHETTY & HEMALATH R SHETTY | - | - |
| RAVINDRA VASANTHA SHETTY & HEMALATH R SHETTY | - | - |
| RAVINDRA VASANTHA SHETTY & HEMALATH R SHETTY | - | - |
| RAVINDRA VASANTHA SHEETY | - | - |
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 1.60 cr | - |
Certifying professionals and partners3
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | SUCHINDRA NAYAK |
| Engineer | SUCHINDRA NAYAK |
| Chartered Accountant | PURUSHOTHAM NAYAK |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed111
As listed on the registration, under the names the promoter filed them with; the newest 80 of 111 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1273/319/PR/220223/005744 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| sale deed 4 centsFile: sale deed 4 cents.pdf | 14 Feb 2023 |
| title deed 4 centsFile: title deed 4 cents.pdf | 14 Feb 2023 |
| conversion order 4 centsFile: Conversion order 4 cents.pdf | 14 Feb 2023 |
| mother deedFile: mother deed_compressed.pdf | 14 Feb 2023 |
| RTC IN NAME OF VASUDEV SHENOYFile: RTC.pdf | 14 Feb 2023 |
| katha for 4 centsFile: 9and 11.pdf | 14 Feb 2023 |
| clarificationFile: clarification.pdf | 14 Feb 2023 |
| RTC, survey 442/7B | - |
| Mutation, survey 442/7B | - |
| Encumbrance Certificate, survey 442/7B | - |
| Conversion/Alienation Order, survey 442/7B | - |
| Sale/Title/Gift Deed, survey 442/7B | - |
| Khatha, survey 442/7B | - |
| RTC, survey 276/1A2 | - |
| Mutation, survey 276/1A2 | - |
| Encumbrance Certificate, survey 276/1A2 | - |
| Conversion/Alienation Order, survey 276/1A2 | - |
| Sale/Title/Gift Deed, survey 276/1A2 | - |
| Khatha, survey 276/1A2 | - |
| RTC, survey 276/1A2 | - |
| Mutation, survey 276/1A2 | - |
| Encumbrance Certificate, survey 276/1A2 | - |
| Conversion/Alienation Order, survey 276/1A2 | - |
| Sale/Title/Gift Deed, survey 276/1A2 | - |
| Khatha, survey 276/1A2 | - |
| RTC, survey 276/1A2 | - |
| Mutation, survey 276/1A2 | - |
| Encumbrance Certificate, survey 276/1A2 | - |
| Conversion/Alienation Order, survey 276/1A2 | - |
| Sale/Title/Gift Deed, survey 276/1A2 | - |
| Khatha, survey 276/1A2 | - |
| RTC, survey 276/1A1E2 | - |
| Mutation, survey 276/1A1E2 | - |
| Encumbrance Certificate, survey 276/1A1E2 | - |
| Conversion/Alienation Order, survey 276/1A1E2 | - |
| Sale/Title/Gift Deed, survey 276/1A1E2 | - |
| Khatha, survey 276/1A1E2 | - |
| Registration CertificateFile: trade licence_compressed.pdf | - |
| Certificate issued by CA Form 1File: ca certificate_compressed.pdf | - |
| Certificate issued by Architect Form 2File: architect certiifcate.pdf | - |
| Certificate issued by Engineer Form 3File: engineer cerificate.pdf | - |
| Project Chartered Accountant | - |
| Project Engineer | - |
| Project Architect | - |
| AffidavitFile: litigation affidavit.pdf | - |
| Certificate from Chartered AccountFile: ca certificate_compressed.pdf | - |
| Balance Sheet 2021 - 2022File: BS 2022.pdf | - |
| Balance Sheet 2020 - 2021File: BS 2021.pdf | - |
| Balance Sheet 2019 - 2020File: BS 2020.pdf | - |
| Audited Profit and Loss Statement 2021 - 2022File: P&L 2022.pdf | - |
| Audited Profit and Loss Statement 2020 - 2021File: P&L 2021.pdf | - |
| Audited Profit and Loss Statement 2019 - 2020File: P&L 2020.pdf | - |
| Cash Flow Statement 2021 - 2022File: Note on account 2022.pdf | - |
| Cash Flow Statement 2020 - 2021File: notes on account 2021.pdf | - |
| Auditor's Report 2021 - 2022File: AR 2022_compressed.pdf | - |
| Auditor's Report 2020 - 2021File: AR 2021_compressed.pdf | - |
| Auditor's Report 2019 - 2020File: AR 2020_compressed.pdf | - |
| Income Tax Return Acknowledgement 2021 - 2022File: ITRV AY 22-23.pdf | - |
| Income Tax Return Acknowledgement 2020 - 2021File: ITRV AY 21-22.pdf | - |
| Income Tax Return Acknowledgement 2019 - 2020File: ITRV AY 20-21.pdf | - |
| building licence | - |
| approved plan | - |
| single layout final | - |
| approved plan | - |
| approved plan | - |
| approved plan | - |
| speciifcation | - |
| single layout final | - |
| single layout final | - |
| STABILITY CERTIFICATE | - |
| search report | - |
| title deed for 17 and 7 cents | - |
| conversion order merge 28 cents_compressed | - |
| conversion order merge 28 cents_compressed | - |
| title deed 4 cents | - |
| proforma AOS | - |
| proforma allotment letter | - |
| brochuer | - |
| form b_compressed | - |
| affidavit 3(1) | - |
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See every Udupi project, with the district possession charts
Builder: RAVINDRA VASANTHA SHETTY
RAVINDRA VASANTHA SHETTY has 1 registration on RERA Karnataka, including SRINIDHI COMMERCIAL COMPLEX. 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 SRINIDHI COMMERCIAL COMPLEX is delayed beyond 31 Dec 2025?
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 SRINIDHI COMMERCIAL COMPLEX?
The registered promoter entity is RAVINDRA VASANTHA SHETTY, 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 SRINIDHI COMMERCIAL COMPLEX?
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 SRINIDHI COMMERCIAL COMPLEX?
The professionals named in the filing: Architect: SUCHINDRA NAYAK; Engineer: SUCHINDRA NAYAK; Chartered Accountant: PURUSHOTHAM NAYAK. 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 SRINIDHI COMMERCIAL COMPLEX?
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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