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Registration approved Residential/Group Housing project

Sterling Pointe

By Sterling Developers Private Limited

RG-KA-36018 · RERA PRM/KA/RERA/1251/309/PR/171014/000148

Source: official RERA Karnataka filing

Red flags

  • 1 complaint at RERA Karnataka
  • Completion date moved by 47 months
  • 3 extensions taken

Clear

  • Separate project account declared
Nov 2023Possession promisedmoved 47 months from the original
1Complaints at RERA Karnatakaon this registration
Jump to the 53 documents Report an error

Sterling Pointe is a Residential/Group Housing project by Sterling Developers Private Limited in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/309/PR/171014/000148 on 14 Oct 2017. Possession is promised by 10 Nov 2023. The completion date has moved by 47 months from the original filing. 1 complaint is on record with the regulator.

At a glance

Project

  • NameSterling Pointe
  • TypeResidential/Group Housing
  • Location
    • Bengaluru North
    • Bengaluru Urban
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PRM/KA/RERA/1251/309/PR/171014/000148
  • ReraGenie IDRG-KA-36018

Builder

  • NameSterling Developers Private Limited
  • Entity typeCompany
  • CINU70102KA1987PTC008245
  • Authorized SignatoryRamani Sastri
  • DirectorShankar Sastri
  • Other registrations1 more →
  • Declared earlier projects2 →

Key dates

this monthRegisteredOct 2017First promiseDec 2019Revised toNov 2023

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on14 Oct 2017
  • Promised completion10 Nov 2023
  • Revised completionRevised to 10 Nov 2023 (originally 30 Dec 2019)
  • Buildings2 building records
  • Documents filed53 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Block A---16016
Block B---16016

The full filing

Everything below is from the project's own RERA Karnataka filing, free to read.

Construction progress by building1

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.

Building:

ActivityProgress
Earth work and other leveling preparation work-
Foundation footing work-
Retaining wall (All types)-
Plinth level Beam-
Sub-structure flooring (Parking Floor, more than one floor below general ground level)Not applicable
RCC or MS Framed structure-
Masonry construction: Bricks, Concrete blocks etc-
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-
Wardrobe, Showcase, Kitchen cabinet, Puja workNot applicable
Fire prevention and fire fighting fitting and fixture with networkNot applicable
Weather Proof work(tile,concrete)-
Painting-
Elevation work-
Internal and External work including landscapes as per santioned drawings-

Progress on shared amenities41

Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.

Common facilityProposedProgress
Water SupplyYes-
Internal Roads & FootpathsYes-
Sewage and Drainage SystemYes-
Parks & Tree plantingYes-
Street LightingYes-
Provision for community buildings and for treatment and disposal of sewage and sullage waterYes-
Solid waste management and disposalYes-
Water conservationYes-
Energy managementNoNot applicable
Fire protection and fire safety requirementsNoNot applicable
Education/Health/Other public amenitiesNoNot applicable
Electricity supply transformer and substationYes-
Emergency Evacuation servicesYes-
Storm water drainsYes-
Use of renewable energyYes-
Water conservation/rain water harvesting/recharge of ground waterYes-
ElectricityYes-
Smart Home AutomationYes-
CCTV SurveillanceYes-
Club HouseYes-
Community HallYes-
Outdoor Sports facilityYes-
Indoor Sports facilityYes-
Swimming PoolYes-
GymYes-
ParksYes-
Power BackupYes-
GasNoNot applicable
Water and SanitationYes-
Air Conditioning And incerntionNoNot applicable
StaircasesYes-
LiftsYes-
Staircases and Lift lobbies, corridor,lobbies, corridorYes-
Fire escapesYes-
Common entrance and exit for the building / common portico/foyer/verandahYes-
BasementYes-
TerraceYes-
Outer WallYes-
Open parking areas and common storage spacesYes-
Provision for lodging of management staff and security staffNoNot applicable
Water conservation and renewable energyNoNot applicable

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 area2,733 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 17.61 cr

Certifying professionals and partners2

Certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectM/s VERNEKAR ASSOCIATES Pvt.Ltd.
EngineerPrakash B V

Extensions applied for3

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/1251/309/PR/200117/000148Jun 2021 → Sep 2020

Reason as filed by the promoterFinancial crunch

ExtensionSep 2020 → Nov 2023

No reason recorded in the filing

Complaints filed with RERA Karnataka1

Case no.ComplainantRespondentFiled
CMP/191101/0004606-Sterling Developers Private Limited01/11/2019

Documents filed53

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/1251/309/PR/171014/000148 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: Registration SDPL.pdf-
Project Details-
Architect Certificate for Work Completion Schedule till DateFile: STERLING POINTE status of work Architect Certificate.pdf-
Engineer Certificate for Work Completion Schedule till DateFile: Engineer certificate - work completed.pdf-
CA Certificate for Funds UtilizationFile: CA Certificate_for_fund_utilization.pdf-
Architect Certificate for Pending Work Completion Schedule.File: STERLING POINTE pending work Architect Certificate.pdf-
Engineer Certificate for Pending Work Completion Schedule.File: Engineer certificate - work pending.pdf-
CA Certificate for Funds required for Project CompletionFile: CA Certificate_for_fund_required.pdf-
AffidavitFile: FORM B and SECTION 18 AFFIDAVIT.pdf-
Latest Encumbrance CertificateFile: Latest EC.pdf-
Consent letter from 2/3rd of AllotteesFile: Consent Letters - Explanation letter for Sold units.pdf-
Relevant Document/sFile: Consent Letters - Explanation letter for Sold units.pdf-
Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails.xlsx-
Document 1File: Explanation letter for 2-3rd consent & compensation to Allottees.pdf-
Document 2File: HDFC Bank Ltd Account 50200027617286_SDPL Pointe-Rera Account.pdf-
Document 3File: Commencement and Plan Letter.pdf-
COMMENCEMENT CERTIFICATE - POINTE-
Approved Building-Plotting Plan-
Approved Layout Plan-
DRAFT-SALE-DEED-POINTE-
Pointe_Agreement for Sale_draft-
Land Documents-2-
Approved Section of Building - Infrastructure Plan of Plotting-
Area Development Plan of Project Area-
Pointe_Allotment Letterdraft-
Sterling Pointe Folder-
NOC - POINTE-
STERLING POINTE SPECIFICATIONS-
ENCUMBRANCE CERTIFICATE-
Katha-
RTC-
Conversion Certificate Under Sec 95 of KLR Act 1964-
Balance Sheet 2015 - 2016File: SDPL BS 2016.pdf-
Balance Sheet 2014 - 2015File: SDPL BS 2015.pdf-
Balance Sheet 2013 - 2014File: SDPL BS 2014.pdf-
Audited Profit and Loss Statement 2015 - 2016File: SDPL PL 2016.pdf-
Audited Profit and Loss Statement 2014 - 2015File: SDPL PL 2015.pdf-
Audited Profit and Loss Statement 2013 - 2014File: SDPL PL 2014.pdf-
Director's Report 2015 - 2016File: SDPL DIRECTOR REPORT 2016.pdf-
Director's Report 2014 - 2015File: SDPL DIRECTOR REPORT 2015.pdf-
Director's Report 2013 - 2014File: SDPL DIRECTOR REPORT 2014.pdf-
Cash Flow Statement 2015 - 2016File: SDPL CASH FLOW 2016.pdf-
Cash Flow Statement 2014 - 2015File: SDPL CASH FLOW 2015.pdf-
Auditor's Report 2015 - 2016File: SDPL AUDITOR REPORT 2016.pdf-
Auditor's Report 2014 - 2015File: SDPL AUDITOR REPORT 2015.pdf-
Auditor's Report 2013 - 2014File: SDPL AUDITOR REPORT 2014.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: SDPL ITR 2016.pdf-
Income Tax Return Acknowledgement 2014 - 2015File: SDPL ITR 2015.pdf-
Income Tax Return Acknowledgement 2013 - 2014File: SDPL ITR 2014.pdf-
FORM-B - POINTE-
Prospectus/BrochureFile: 1. STERLING POINTE - BROCHURE.pdf-
Advertisement Copy 1File: 1. STERLING POINTE - BROCHURE.pdf-
Tower Excel SheetFile: STERLING POINTE PRM_KA_RERA_1251_309_PR_171014_000148 - 28 DEC 2018.xlsx-

Promoter's earlier projects1

As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.

1 not delivered by the promised date
ProjectLocationStatusPromisedDelivered
Sterling Infinia-OngoingJul 2017Not delivered

How this compares with Bengaluru Urban

34%of Bengaluru Urban projects moved their completion datethis one moved by 47 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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Other projects near Bengaluru Urban4,100+ in Bengaluru Urban

2 kmSterling PointeOther 14Dot size: filed unitsN

Filed coordinates, straight-line distance. 14 registered projects within 2 km.

Builder: Sterling Developers Private Limited

Sterling Developers Private Limited has 2 registrations on RERA Karnataka, including Sterling Pointe and Sterling Infinia. Its filings declare 2 earlier projects, none of them declared completed. Read the full track record. See more projects on the Bengaluru Urban district page.

Frequently asked questions

What are my rights if Sterling Pointe is delayed beyond 10 Nov 2023?

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 Sterling Pointe?

The registered promoter entity is Sterling Developers Private Limited, a company as per the filing. Its CIN U70102KA1987PTC008245 can be cross-checked on the MCA and GST portals. 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 Sterling Pointe?

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.

How do I read the complaint cases filed against Sterling Pointe?

Each case number above is a complaint filed with RERA Karnataka. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.

Who certifies construction progress at Sterling Pointe?

The professionals named in the filing: Architect: M/s VERNEKAR ASSOCIATES Pvt.Ltd.; Engineer: Prakash B V. 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 Sterling Pointe?

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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