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

Azur

Lodha (Macrotech) · Bannerghatta Road / JP Nagar / Arekere · Sy. No.s: 328/2(P), 332/2 of Begur village , Begur Hobli,

Promoter entityLodha Developers Limited
Entity type · PANCompany · AAACL1490J
Developer brandLodha (Macrotech) · #73 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/220324/006728
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned planPRJ/14407/23-24IN · 2024-03-21
Escrow bankICICI Bank, Vittal Mallya Road
Land1.05 acres · 2 land owners on record
Court cases declared1
Complaints at K-RERA1 on this project · 1 on the promoter
Record fetchedSep 2026
0 red flags5 to watch2 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/220324/006728 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/1251/310/PR/220324/006728 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 red5 watch2 positive
Delivery timeline9/10
no extensions, no overdue dates on the RERA file
Legal & complaints6/10
1 court case declared in filings (−1.5); land litigation declared “Yes” on a registration (−1); 1 RERA complaint on the project (−0.5)
Money to finish9/10
finance cost is 0% of the registered budget; last quarter: collected ₹322 cr, withdrew ₹241 cr; 97% of homes booked (+1)
Developer strength9/10
CRISIL AA/Stable (Macrotech Developers)

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

Registration
PRM/KA/RERA/1251/310/PR/220324/006728 · Lodha Developers Limited
On original date
RegisteredJun 2024TodaySep 2026Original completionOct 2029
Construction20%
quarterly filing Q1 2026-27 (submitted 2026-07-14)
Homes booked236 / 244
8 still available
Sold vs built97% vs 20%
Buyers are well ahead of construction: most money is in, delivery risk sits with the developer.
Money through the RERA account
Collected ₹298.76 CrWithdrawn ₹273.02 CrQ3 2025-26298.76 Cr273.02 CrCollected ₹321.91 CrWithdrawn ₹222.51 CrQ4 2025-26321.91 Cr222.51 CrCollected ₹321.91 CrWithdrawn ₹240.54 CrQ1 2026-27321.91 Cr240.54 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Basic work of Water supply, Sanitary and E
    0%
  • Electrification, Water supply and Sanitary
    0%
  • Fire prevention and fire fighting fitting
    0%
  • Weather Proof work
    0%
  • Painting
    0%
  • Elevation work
    0%
1 court case declared1 complaints · 0 openEscrow: ICICI BankJoint-development land
Credit ratings of the people behind it
AAAAAABBBBBBCDinvestment grade ◀▶ speculative gradeCRISIL AA / Stable ▲ · Macrotech Developers · Aug 2025
Complaints & disputes on record
On this project10 open
On the promoter entity1all projects
Court cases declared1no stay recorded
What complainants raise
  • Front Loaded Payment Plan
At a glance
On its original RERA date

On its original RERA completion date: 2029-10-30

20% built, 97% booked

20% built per the latest filing; 236/244 homes booked

1 RERA complaints, 0 open

1 RERA complaints on this project (0 open); 1 on the promoter overall

1 court case declared

1 court case declared in RERA filings (no stay recorded)

The record, in pictures

RERA file · Registration

Registered project cost ₹287 cr — where it goes
Approvals ₹18.3 cr · 5%Construction & on-site ₹325.8 cr · 95%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-14))
202520262027202820292030Earth work and other leveling preparat100%Foundation footing work100%Retaining wall100%Plinth level Beam8%Sub-structure flooring4%RCC or MS Framed structure44%Masonry construction: Bricks, Concrete14%Plastering inside , outside & Ceiling6%Joinery: Doors, Windows, Ventilators e1%Basic work of Water supply, Sanitary a0%Dadoing, Skirting, Flooring, Tiles wor2%Railing and Grill fixing2%Electrification, Water supply and Sani0%Fire prevention and fire fighting fitt0%Weather Proof work0%Painting0%Elevation work0%Internal and External work including l0%today
Bars are the filed schedule; filled part is reported progress. Red = past its scheduled end and not complete.
yes 601/2008 · City Civil Judge · no stayBorrowing declared: NoEscrow at ICICI Bank2 recorded land-owner sharesOwners’ association: not formed

Complaint log (K-RERA) · 1 on this project

  • Feb 2026Front Loaded Payment Plandisposed
Complaints by status
Disposed (Authority)
1

Red flags to resolve in writing

1
Legal

1 court case declared in RERA filings (601/2008); check for stays and title impact.

2
Legal

Joint-development land: confirm which units fall in the owners’ share.

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 — 2029-10-30 — and what is the per-month delay compensation?
  4. What do the declared cases (601/2008) concern and is any stay in force?
  5. What is the land owners’ share of built area and is the unit in the developer’s share?
Full record: every filed number, line by line2 sections · 15 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/310/PR/220324/006728 · promoter Lodha Developers Limited (Company) · U45200MH1995PLC093041
Dates
Start 2024-06-01 · original completion 2029-10-30 · no extensions
Progress
20% complete per quarterly filing Q1 2026-27 (submitted 2026-07-14) · 236 of 244 homes booked (8 available)
Registered cost
Total ₹287 cr · construction ₹326 cr
Borrowing / mortgage declared
Borrowing: No · mortgage: No
RERA bank account
ICICI Bank, Vittal Mallya Road (70% construction account)
Money at registration
collected ₹277 cr · spent ₹161 cr · balance ₹116 cr
Plan sanction
PRJ/14407/23-24IN dated 2024-03-21 · BBMP - Bruhat Bengaluru Mahanagara Palike
Land & towers
1.05 acres (4,267 sq m) · B 122 homes, 33 floors; C 122 homes, 33 floors
Land owners / co-promoters
M/s. Suadela Constructions Pvt. Ltd., (1.0%, Sy Survey No. 332/2); No. of Basement (2%, Sy Total No. of Parking)
Litigation declared
yes 601/2008, City Civil Judge — no stay
K-RERA complaints
1 on this registration (0 open) · 1 on the promoter entity across all its projects
Owners’ association
Not yet formed
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/310/PR/220324/006728, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 1 on this project

2026-02-10 · 00102/2026
Front Loaded Payment Plan — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)

Complaint subjects are as filed by complainants; a disposed complaint may have been decided either way.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/310/PR/220324/006728 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1251/310/PR/220324/006728 (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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