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VIMALA ELITE
RG-KA-78805 · RERA PRM/KA/RERA/1251/310/PR/180328/001885
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No complaints on record
- Completion date never moved
- Separate project account declared
Saved.
VIMALA ELITE is a Residential/Group Housing project by SPANDHANA BUILD-TECH in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/310/PR/180328/001885 on 28 Mar 2018. Possession is promised by 31 May 2018.
At a glance
Project
- NameVIMALA ELITE
- TypeResidential/Group Housing
- Location
- Bengaluru South
- Bengaluru Urban
- PincodeNot stated
- RERA no.PRM/KA/RERA/1251/310/PR/180328/001885
- ReraGenie IDRG-KA-78805
Builder
- NameSPANDHANA BUILD-TECH
- Entity typePartnership Firm
- Authorized SignatoryA K VENKATESH
- OthersHANUMAN SIGH BD, KOLAGOTLA BHARATH KUMAR REDDY
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on28 Mar 2018
- Promised completion31 May 2018
- Revised completionNone
- BuildingsNot stated in filing
- Documents filed34 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.
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | VALFAR |
| Engineer | DESIGN CONSORTIUM |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed34
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/180328/001885 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: FIRM REGIIIIIIIIIIIIIIIIIIIII.JPG | - |
| BT Balance sheet | - |
| Temp00738 | - |
| BT Balance sheet | - |
| BT Balance sheet | - |
| sale agrmnt | - |
| key pln | - |
| BT Balance sheet | - |
| BT Balance sheet | - |
| alt mnt ltr bt | - |
| brocr bt | - |
| BT Balance sheet | - |
| specification bt | - |
| ec bt | - |
| title deed | - |
| J D BT | - |
| Balance Sheet 2015 - 2016File: bt BSheet.pdf | - |
| Balance Sheet 2014 - 2015File: BT Balance sheet.pdf | - |
| Balance Sheet 2013 - 2014File: BT Balance sheet.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: BT Balance sheet.pdf | - |
| Audited Profit and Loss Statement 2014 - 2015File: BT Balance sheet.pdf | - |
| Audited Profit and Loss Statement 2013 - 2014File: BT Balance sheet.pdf | - |
| Director's Report 2015 - 2016File: BT Balance sheet.pdf | - |
| Director's Report 2014 - 2015File: BT Balance sheet.pdf | - |
| Director's Report 2013 - 2014File: BT Balance sheet.pdf | - |
| Cash Flow Statement 2015 - 2016File: BT Balance sheet.pdf | - |
| Cash Flow Statement 2014 - 2015File: BT Balance sheet.pdf | - |
| Auditor's Report 2015 - 2016File: BT Balance sheet.pdf | - |
| Auditor's Report 2014 - 2015File: BT Balance sheet.pdf | - |
| Auditor's Report 2013 - 2014File: BT Balance sheet.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: BT Balance sheet.pdf | - |
| Income Tax Return Acknowledgement 2014 - 2015File: BT Balance sheet.pdf | - |
| Income Tax Return Acknowledgement 2013 - 2014File: BT Balance sheet.pdf | - |
| BT Balance sheet | - |
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Builder: SPANDHANA BUILD-TECH
SPANDHANA BUILD-TECH has 1 registration on RERA Karnataka, including VIMALA ELITE. 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 VIMALA ELITE is delayed beyond 31 May 2018?
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 VIMALA ELITE?
The registered promoter entity is SPANDHANA BUILD-TECH, 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 VIMALA ELITE?
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 VIMALA ELITE?
The professionals named in the filing: Architect: VALFAR; Engineer: DESIGN CONSORTIUM. 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 VIMALA ELITE?
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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