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PropertyLensBengaluru · invest

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

Barca II At Godrej Msr City

Godrej Properties · Devanahalli / Airport Road / Bagalur · KHATHA NO. 73/24/2/37/23-75/24/4/37/28-98/33/3/37/30-97/33, PID NO. 150300201900300149 , Sy Nos 37/17 (Part), 37/23 (Part), 37/24, 37/26(Part), 37/28 (Part), 37/29 (Part) & 37/30 OF AKALENAHALLI - MALLENAHALLI VILLAGE

Promoter entityM S RAMAIAH VENTURES LLP

Entity type · PANPartnership Firm · AAYFM7006J

Developer brandGodrej Properties · #6 in Bengaluru by RERA registrations

RERA registrationsRegistration: PRM/KA/RERA/1250/303/PR/300625/007887

Planning authorityBIAPPA - Bangalore Airport Area Planning Authority

Sanctioned planBIAAPA/TP/CC/42/2025-26 · 2025-06-27

Escrow bankAxis Bank, M. G. Road Branch

Land8.48 acres · 4 land owners on record

Court cases declared0

Complaints at K-RERA0 on this project · 2 on the promoter

Record fetchedSep 2026

0 red flags1 to watch6 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1250/303/PR/300625/007887 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/1250/303/PR/300625/007887 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 finish9/10

finance cost is 2% of the registered budget; last quarter: collected ₹35.03 cr, withdrew ₹20.03 cr; 98% of homes booked (+1)

Developer strength9.2/10

ICRA AA+/Stable (Godrej Properties Ltd)

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

Registration

PRM/KA/RERA/1250/303/PR/300625/007887 · M S RAMAIAH VENTURES LLP

On original date

Construction12%

quarterly filing Q1 2026-27 (submitted 2026-07-10)

Homes booked592 / 602

10 still available

Sold vs built98% vs 12%

Buyers are well ahead of construction: most money is in, delivery risk sits with the developer.

Money through the RERA account

Collected from buyersWithdrawn for construction

Latest milestones

Upto Plinth Level
0%
RCC or MS Framed structure
0%
Masonry Construction
0%
Plastering inside , outside & Ceiling
0%
Joinery: Doors, Windows, Ventilators etc
0%
Basic work of Water supply, Sanitary and E
0%

No litigation declaredNo complaintsNBFC finance 2% of budgetEscrow: Axis BankJoint-development land

Credit ratings of the people behind it

Complaints & disputes on record

On this project00 open

On the promoter entity2all projects

Court cases declared0no stay recorded

At a glance

On its original RERA date

On its original RERA completion date: 2030-12-31

12% built, 98% booked

12% built per the latest filing; 592/602 homes booked

No complaints on this project

No RERA complaints on this project; 2 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹703 cr — where it goes

Approvals ₹11.1 cr · 2%Construction & on-site ₹630.8 cr · 90%Finance (NBFC) ₹12.7 cr · 2%Other / taxes ₹48.5 cr · 7%

Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-10))

Bars are the filed schedule; filled part is reported progress. Red = past its scheduled end and not complete.

No litigation declaredBorrowing declared: YesEscrow at Axis Bank4 recorded land-owner sharesOwners’ association: not formed

Red flags to resolve in writing

Legal

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

Questions to put to the developer before you sign

Share the latest CA Form 4 and architect Form 5 with the escrow deposit ratio.
Confirm the price list, floor-rise and other charges for the exact unit.
Which date is contractual — 2030-12-31 — and what is the per-month delay compensation?
Confirm there is no litigation on the land or approvals beyond the RERA declaration.
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 line1 sections · 13 items

RERA file · Registration

Registration

PRM/KA/RERA/1250/303/PR/300625/007887 · promoter M S RAMAIAH VENTURES LLP (Partnership Firm) · AAC-2431

Dates

Start 2026-01-01 · original completion 2030-12-31 · no extensions

Progress

12% complete per quarterly filing Q1 2026-27 (submitted 2026-07-10) · 592 of 602 homes booked (10 available)

Registered cost

Total ₹703 cr · construction ₹631 cr · NBFC principal+interest ₹12.67 cr (2%)

Borrowing / mortgage declared

Borrowing: Yes

RERA bank account

Axis Bank, M. G. Road Branch (70% construction account)

Plan sanction

BIAAPA/TP/CC/42/2025-26 dated 2025-06-27 · BIAPPA - Bangalore Airport Area Planning Authority

Land & towers

8.48 acres (34,326 sq m) · B07 - TOWER-A 73 homes, 15 floors; B07- TOWER-B 74 homes, 15 floors; B07 - TOWER-C 58 homes, 15 floors; B07- TOWER-D 74 homes, 15 floors; B07-TOWER-E 73 homes, 15 floors; B08-TOWER-A 73 homes, 15 floors; B08-TOWER-B 104 homes, 15 floors; B08-TOWER-C 73 homes, 15 floors

Land owners / co-promoters

M S Ramaiah Ventures LLP (100.0%, Sy 37/30); M S Ramaiah Ventures LLP (100.0%, Sy 37/29); Total No. of Units (73%, Sy No. of Stilts); No. of Basement (2%, Sy Total No. of Parking)

Litigation declared

None declared in filings

K-RERA complaints

0 on this registration (0 open) · 2 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/1250/303/PR/300625/007887, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources

Karnataka RERA project record PRM/KA/RERA/1250/303/PR/300625/007887 (registration file, quarterly updates, complaint register), fetched 2026-09-15
PropertyLens locality model (market-level estimates)
Karnataka RERA project records PRM/KA/RERA/1250/303/PR/300625/007887 (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.