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VM'S Lotuscity
RG-KA-65077 · RERA PRM/KA/RERA/1265/339/PR/060723/006050 · Last updated on RERA Karnataka portal: 28 Jun 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.
VM'S Lotuscity is a Plotted Development project by VM BUILDER AND DEVELOPERS in Kolar, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1265/339/PR/060723/006050 on 6 Jul 2023. Possession is promised by 31 Dec 2025.
At a glance
Project
- NameVM'S Lotuscity
- TypePlotted Development
- Location
- Kolar
- 563101
- Pincode563101
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1265/339/PR/060723/006050
- ReraGenie IDRG-KA-65077
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on6 Jul 2023
- Promised completion31 Dec 2025
- Revised completionNone
- BuildingsNot stated in filing
- Documents filed112 files
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Land and ownership11
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 |
|---|---|---|
| Sri.GANGARAJU.T | - | - |
| V M Builder and Developers Rep By Partner Sri Venkatachalapathi B V | - | - |
| Sri.KUPPARAJA .K | - | - |
| Sri.SHANKARAPPA .N, | - | - |
| V M Builder and Developers Rep By Partner Sri Venkatachalapathi B V | - | - |
| M Srinivas Reddy | - | - |
| V M Builder and Developers Rep By Partner Sri Venkatachalapathi B V | - | - |
| PRATHIBA .K | - | - |
| K BABU | - | - |
| V M Builder and Developers Rep By Partner Sri Venkatachalapathi B V | - | - |
| K.N.VENKATESH | - | - |
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.
| Cost line | Estimated | Incurred |
|---|---|---|
| Estimated Cost of Construction as certified by Engineer | Rs 6.83 cr | - |
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Engineer | Mohammed Moyunddin |
| Chartered Accountant | Venkataramana P |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed112
As listed on the registration, under the names the promoter filed them with; the newest 80 of 112 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1265/339/PR/060723/006050 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| CDPFile: CDP Plan Lotus city.pdf | 28 Jun 2023 |
| Village MapFile: Village map Lotus city.pdf | 28 Jun 2023 |
| Cost EstimationFile: cost of construction lotus city.pdf | 28 Jun 2023 |
| STP 1File: STP 1.pdf | 28 Jun 2023 |
| STP 2File: STP 2.pdf | 28 Jun 2023 |
| Allotment LetterFile: LotusCity_AllotmentLetter.pdf | 28 Jun 2023 |
| AOSFile: Agreement of Sale Proforma V M Lotus city (1).pdf | 28 Jun 2023 |
| EC 38-1File: EC 38-1.pdf | 28 Jun 2023 |
| EC 38-3File: EC 38-3.pdf | 28 Jun 2023 |
| EC 47-1File: EC 47-1.pdf | 28 Jun 2023 |
| EC 47-2File: EC 47-2.pdf | 28 Jun 2023 |
| EC 35-1File: EC 35-1.pdf | 28 Jun 2023 |
| EC 36-1File: EC 36-1.pdf | 28 Jun 2023 |
| EC 36-2File: EC 36-2.pdf | 28 Jun 2023 |
| Guidance ValueFile: G K Guilde line value.pdf | 28 Jun 2023 |
| Non Litigation AffidavitFile: Non Litigation VM Lotuscity.pdf | 28 Jun 2023 |
| Lotuscity Town plan ApprovalFile: V M Lotuscity T P_Approval.pdf | 28 Jun 2023 |
| Fee Paid ReceiptFile: Fee Paid Receipt.pdf | 28 Jun 2023 |
| Form 3File: Form 3 V M Lotus City.pdf | 28 Jun 2023 |
| RTC, survey 35/2, 36/1, 37/2, 38/1 | - |
| Mutation, survey 35/2, 36/1, 37/2, 38/1 | - |
| Encumbrance Certificate, survey 35/2, 36/1, 37/2, 38/1 | - |
| Conversion/Alienation Order, survey 35/2, 36/1, 37/2, 38/1 | - |
| Sale/Title/Gift Deed, survey 35/2, 36/1, 37/2, 38/1 | - |
| Khatha, survey 35/2, 36/1, 37/2, 38/1 | - |
| RTC, survey 36/2 | - |
| Mutation, survey 36/2 | - |
| Encumbrance Certificate, survey 36/2 | - |
| Conversion/Alienation Order, survey 36/2 | - |
| Sale/Title/Gift Deed, survey 36/2 | - |
| Khatha, survey 36/2 | - |
| RTC, survey 36-3 | - |
| Mutation, survey 36-3 | - |
| Encumbrance Certificate, survey 36-3 | - |
| Conversion/Alienation Order, survey 36-3 | - |
| JDA, survey 36-3 | - |
| Khatha, survey 36-3 | - |
| RTC, survey 47-2 | - |
| Mutation, survey 47-2 | - |
| Encumbrance Certificate, survey 47-2 | - |
| Conversion/Alienation Order, survey 47-2 | - |
| Sale/Title/Gift Deed, survey 47-2 | - |
| Khatha, survey 47-2 | - |
| RTC, survey 47-1 | - |
| Mutation, survey 47-1 | - |
| Encumbrance Certificate, survey 47-1 | - |
| Conversion/Alienation Order, survey 47-1 | - |
| Sale/Title/Gift Deed, survey 47-1 | - |
| Khatha, survey 47-1 | - |
| Registration CertificateFile: Registration Certificate V M (2).pdf | - |
| Partnership DeedFile: Partnership deed V M_11zon.pdf | - |
| Partner Details | - |
| Partner Details | - |
| Certificate issued by CA Form 1File: form 1 lotus city (1).pdf | - |
| Certificate issued by Engineer Form 3File: Form 3 V M Lotus City.pdf | - |
| Project Chartered Accountant | - |
| Project Engineer | - |
| AffidavitFile: RTC 35-2_merged_11zon.pdf | - |
| Certificate from Chartered AccountFile: form 1 lotus city (1).pdf | - |
| Certificate issued by ArchitectFile: VM Lotus City Architect Form 2.pdf | - |
| Balance Sheet 2021 - 2022File: CA letter VM Builder and Developers.pdf | - |
| Balance Sheet 2020 - 2021File: CA letter VM Builder and Developers.pdf | - |
| Balance Sheet 2019 - 2020File: CA letter VM Builder and Developers.pdf | - |
| Audited Profit and Loss Statement 2021 - 2022File: CA letter VM Builder and Developers.pdf | - |
| Audited Profit and Loss Statement 2020 - 2021File: CA letter VM Builder and Developers.pdf | - |
| Audited Profit and Loss Statement 2019 - 2020File: CA letter VM Builder and Developers.pdf | - |
| Director's Report 2021 - 2022File: CA letter VM Builder and Developers.pdf | - |
| Director's Report 2020 - 2021File: CA letter VM Builder and Developers.pdf | - |
| Director's Report 2019 - 2020File: CA letter VM Builder and Developers.pdf | - |
| Cash Flow Statement 2021 - 2022File: CA letter VM Builder and Developers.pdf | - |
| Cash Flow Statement 2020 - 2021File: CA letter VM Builder and Developers.pdf | - |
| Auditor's Report 2021 - 2022File: CA letter VM Builder and Developers.pdf | - |
| Auditor's Report 2020 - 2021File: CA letter VM Builder and Developers.pdf | - |
| Auditor's Report 2019 - 2020File: CA letter VM Builder and Developers.pdf | - |
| Income Tax Return Acknowledgement 2021 - 2022File: CA letter VM Builder and Developers.pdf | - |
| Income Tax Return Acknowledgement 2020 - 2021File: CA letter VM Builder and Developers.pdf | - |
| Income Tax Return Acknowledgement 2019 - 2020File: CA letter VM Builder and Developers.pdf | - |
| V M Lotuscity T P | - |
| BESCOM EStimate_11zon | - |
| G K P-1 Water NOC | - |
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Builder: VM BUILDER AND DEVELOPERS
VM BUILDER AND DEVELOPERS has 9 registrations on RERA Karnataka, including VMS LOTUSCITY PHASE-2A and V M s Lotus city Phase-2B. Its filings declare 1 earlier project, none of them declared completed. Read the full track record. See more projects on the Kolar district page.
Frequently asked questions
What are my rights if VM'S Lotuscity 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 VM'S Lotuscity?
The registered promoter entity is VM BUILDER AND DEVELOPERS, a partnership firm as per the filing. Its GSTIN 29AAVFV8656Q1ZJ 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 VM'S Lotuscity?
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 VM'S Lotuscity?
The professionals named in the filing: Engineer: Mohammed Moyunddin; Chartered Accountant: Venkataramana P. 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 VM'S Lotuscity?
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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