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PropertyLensBengaluru · invest
Financial & legal due diligence · public record · 18 Oct 2026

Assetz Promise of Spring Phase-1

Assetz · Devanahalli / Airport Road / Bagalur · SURVEY OF LAND SY No.171/1 , 171/5, 171/6, 171/ 2, 171/ 3, 174/1, 174/2, 174/3, 174/4, 174/5, 174/6, 174/7, 175/1, 175/2, 175/3, 175/4, 175/5 , 175/6, , AVATHI VILLAGE, DEVANAHALLI HOBLI, DEVANAHALLI TALUK,

Promoter entitySambhav Ventures Realty LLP
Entity type · PANPartnership Firm · AFAFS1672K
Developer brandAssetz · #5 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/309/PR/030424/006771
Planning authorityBIAPPA - Bangalore Airport Area Planning Authority
Sanctioned planBIAPPA/TP/LOA/126/2022-23/23-24/2543 · 2024-02-28
Escrow bankHDFC, RACE COURSE ROAD
Landarea not filed · 20 land owners on record
Court cases declared0
Complaints at K-RERA0 on this project · 0 on the promoter
Record fetchedSep 2026
0 red flags1 to watch6 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/309/PR/030424/006771 and 3 quarterly filings. Prices and rents are locality estimates, not verified listings. This report records what the Karnataka RERA file, the promoter’s quarterly filings, the complaint register, public credit ratings and company filings say. It states facts and flags them; it does not judge the investment. Prices, returns and the investment score live in the separate full report.

Financial & legal due diligence

What the public record says

Automated from the Karnataka RERA file PRM/KA/RERA/1251/309/PR/030424/006771 and 3 quarterly filings. Prices and rents are locality estimates, not verified listings. Compiled Sep 2026 from the Karnataka RERA file, company registers, rating agencies, tribunal records and press. Facts only; anything that deserves a written answer before signing is flagged.

0 red1 watch6 positive
Delivery timeline9/10
no extensions, no overdue dates on the RERA file
Legal & complaints9/10
no litigation and no complaints on the RERA file
Money to finish8/10
finance cost is 0% of the registered budget; last quarter: collected ₹2.31 cr, withdrew ₹1.60 cr
Developer strength5/10
no public credit rating for the promoter

Meters are rule-based from the RERA file and public ratings (rules shown under each), not opinions.

Registration
PRM/KA/RERA/1251/309/PR/030424/006771 · Sambhav Ventures Realty LLP
On original date
RegisteredMay 2024TodaySep 2026Original completionOct 2026
Construction86%
quarterly filing Q1 2026-27 (submitted 2026-07-14)
Money through the RERA account
Collected ₹14.42 CrWithdrawn ₹9.99 CrQ3 2025-2614.42 Cr9.99 CrCollected ₹7.36 CrWithdrawn ₹5.10 CrQ4 2025-267.36 Cr5.10 CrCollected ₹2.31 CrWithdrawn ₹1.60 CrQ1 2026-272.31 Cr1.60 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Other Miscellaneous Work
    80%
  • Sewage Treatment Plant
    85%
  • Power Supply Work
    90%
  • Solid Waste Management and Disposal
    90%
  • Tree Plantation And LandScape Work
    90%
  • Street Lighting
    95%
No litigation declaredNo complaintsEscrow: HDFCJoint-development land
Credit ratings of the people behind it

No public credit rating located for the promoter.

Sambhav Ventures Realty LLP: no public rating located

Complaints & disputes on record
On this project00 open
On the promoter entity0all projects
Court cases declared0no stay recorded
At a glance
On its original RERA date

On its original RERA completion date: 2026-10-31

86% built, NaN% booked

86% built per the latest filing; 0/0 homes booked

No complaints on this project

No RERA complaints on this project; 0 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹175 cr — where it goes
Land ₹0 cr · 0%Approvals ₹2.7 cr · 2%Construction & on-site ₹86.3 cr · 49%Other / taxes ₹85.9 cr · 49%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-14))
20252026Ground Clearance/Formation Of Plots99%Formation Of Road, Footpath99%Construction Of Water Supply Infrastuc98%Construction Of Sewage System Infrastu98%Power Supply Work90%Construction Of Storm Water Drainage98%Solid Waste Management and Disposal90%Tree Plantation And LandScape Work90%Street Lighting95%Sewage Treatment Plant85%Other Miscellaneous Work80%today
Bars are the filed schedule; filled part is reported progress. Red = past its scheduled end and not complete.
No litigation declaredBorrowing declared: NoEscrow at HDFC20 recorded land-owner sharesOwners’ association: not formed

Red flags to resolve in writing

Questions to put to the developer before you sign

  1. Share the latest CA Form 4 and architect Form 5 with the escrow deposit ratio.
  2. Confirm the price list, floor-rise and other charges for the exact unit.
  3. Which date is contractual — 2026-10-31 — and what is the per-month delay compensation?
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. Is the land freehold with the developer, and is any part mortgaged?
Full record: every filed number, line by line1 sections · 12 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/309/PR/030424/006771 · promoter Sambhav Ventures Realty LLP (Partnership Firm) · ACB-3536
Dates
Start 2024-05-01 · original completion 2026-10-31 · no extensions
Progress
86% complete per quarterly filing Q1 2026-27 (submitted 2026-07-14) · 0 of 0 homes booked (0 available)
Registered cost
Total ₹175 cr · land ₹0.00 cr · construction ₹86.34 cr
Borrowing / mortgage declared
Borrowing: No
RERA bank account
HDFC, RACE COURSE ROAD (70% construction account)
Plan sanction
BIAPPA/TP/LOA/126/2022-23/23-24/2543 dated 2024-02-28 · BIAPPA - Bangalore Airport Area Planning Authority
Land owners / co-promoters
Sambhav Ventures Realty LLP (100.0%, Sy 171/2); Sambhav Ventures Realty LLP (100.0%, Sy 171/3); Sambhav Ventures Realty LLP (100.0%, Sy 171/5); Sambhav Ventures Realty LLP (100.0%, Sy 171/6); Sambhav Ventures Realty LLP (100.0%, Sy 174/1); Sambhav Ventures Realty LLP (100.0%, Sy 174/2); Sambhav Ventures Realty LLP (100.0%, Sy 174/3); Sambhav Ventures Realty LLP (100.0%, Sy 174/4) +12 more
Litigation declared
None declared in filings
K-RERA complaints
0 on this registration (0 open) · 0 on the promoter entity across all its projects (a project-specific LLP; group-level complaints sit under other entities)
Owners’ association
Not yet formed
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/309/PR/030424/006771, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/309/PR/030424/006771 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1251/309/PR/030424/006771 (registration file, quarterly updates, complaint register), fetched Sep 2026.

Caveats. Automated analysis: prices, rents and travel times are estimates until listings and Maps data are verified. RERA figures are the promoter’s own filings. Nothing here is legal, tax or investment advice.

PropertyLens · property-lens.ai · Facts are transcribed from public records as filed by the promoter and the regulator; figures on RERA certificates are promoter numbers certified on unaudited books. Absence of a court case or insolvency filing in these sources is not proof that none exists. Verify title, approvals and encumbrances with a lawyer before you sign. Nothing here is legal, tax or investment advice.
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