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Vaibhav Nagar
By Vasathi Vaibhav Projects LLP
RG-KA-34680 · RERA PRM/KA/RERA/1254/465/PR/181010/002065
Source: official RERA Karnataka filing
Red flags
- Completion date moved by 5 months
- 1 extension taken
Clear
- No complaints on record
- Separate project account declared
Saved.
Vaibhav Nagar is a Plotted Development project by Vasathi Vaibhav Projects LLP in Chikkaballapura, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1254/465/PR/181010/002065 on 10 Oct 2018. Possession is promised by 31 Dec 2019. The completion date has moved by 5 months from the original filing.
At a glance
Project
- NameVaibhav Nagar
- TypePlotted Development
- Location
- Sidlaghatta
- Chikkaballapura
- PincodeNot stated
- RERA no.PRM/KA/RERA/1254/465/PR/181010/002065
- ReraGenie IDRG-KA-34680
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on10 Oct 2018
- Promised completion31 Dec 2019
- Revised completionRevised to 31 Dec 2019 (originally 29 Jul 2019)
- BuildingsNot stated in filing
- Documents filed40 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.
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterFinancial crunch
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed40
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/1254/465/PR/181010/002065 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| CertificateFile: Company Incorporation Certificate.pdf | - |
| Architect Certificate for Work Completion Schedule till DateFile: Arch work completed.pdf | - |
| Engineer Certificate for Work Completion Schedule till DateFile: Engg cert completed work.pdf | - |
| CA Certificate for Funds UtilizationFile: CA Funds Utilized.pdf | - |
| Architect Certificate for Pending Work Completion Schedule.File: Arch work pending.pdf | - |
| Engineer Certificate for Pending Work Completion Schedule.File: Engg cert pending work.pdf | - |
| CA Certificate for Funds required for Project CompletionFile: CA Funds Required.pdf | - |
| AffidavitFile: Extension affidavit.pdf | - |
| Latest Encumbrance CertificateFile: EC.pdf | - |
| Details Of Sold/ Un-sold UnitsFile: SoldUnsoldDetails.xlsx | - |
| Document 1File: Form B Affidavit.pdf | - |
| Document 2File: Completion Certificate.pdf | - |
| Document 3File: Affidavit as per Sec 18(1) of RERA Act.pdf | - |
| Document 4File: 100 release order.pdf | - |
| Document 5File: Reason for delay in filing extension.pdf | - |
| Document 6File: CA Certificate with UDIN No.pdf | - |
| Document 7File: Bank Statement.pdf | - |
| Commencement Certificate | - |
| Plan & Approval Letter | - |
| Modified Plamn and Approval Letter | - |
| Relinguishment Deed | - |
| Sale Deed | - |
| Plan & Approval Letter | - |
| Broucher | - |
| Project Specification | - |
| EC | - |
| RTC | - |
| JDA | - |
| GPA | - |
| Conversion Order (1) | - |
| Conversion Order | - |
| Plan & Approval Letter | - |
| Modified Plamn and Approval Letter | - |
| Relinguishment Deed | - |
| Balance Sheet 2016 - 2017File: Balance Sheet 2017.pdf | - |
| Income Tax Return Acknowledgement 2016 - 2017File: IT Return 2017.pdf | - |
| FORM B | - |
| Plot Excel SheetFile: PRM_KA_RERA_1254_465_PR_181010_002065.xlsx | - |
| Completion certificateFile: release order.pdf | - |
| Registered conveyance deed for an individual unitFile: Sale Deed.pdf | - |
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Builder: Vasathi Vaibhav Projects LLP
Vasathi Vaibhav Projects LLP has 6 registrations on RERA Karnataka, including Vaibhav Nagar P 3 and Vaibhav Greens Phase 4. Its filings declare 1 earlier project, none of them declared completed. Read the full track record. See more projects on the Chikkaballapura district page.
Frequently asked questions
What are my rights if Vaibhav Nagar is delayed beyond 31 Dec 2019?
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 Vaibhav Nagar?
The registered promoter entity is Vasathi Vaibhav Projects LLP, 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 Vaibhav Nagar?
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 Vaibhav Nagar?
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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