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

Brigade Citrine

Brigade Group · Hoskote / Budigere Cross / Old Madras Road · Survey Nos. 23/2, 23/10 (earlier forming part of Sy No. 23/4), 23/6A and 23/6B , Nimbekayipura Village, Bidarahalli Hobli, Bangalore East Taluk

Promoter entityBrigade Enterprises Ltd
Entity type · PANCompany · AAACB7459F
Developer brandBrigade Group · #3 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1250/304/PR/131224/007287
Planning authorityBDA - Bangalore Development Authority
Sanctioned planBDA/PS/EM/EO-2/TA-3/N/19/2024-25 · 2024-12-03
Escrow bankKOTAK MAHINDRA BANK, M G Road
Land4.56 acres · 2 land owners on record
Court cases declared0
Complaints at K-RERA0 on this project · 43 on the promoter
Record fetchedSep 2026
0 red flags1 to watch5 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1250/304/PR/131224/007287 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/1250/304/PR/131224/007287 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 watch5 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 3% of the registered budget; last quarter: collected ₹43.34 cr, withdrew ₹4.65 cr; 96% of homes booked (+1)
Developer strength9/10
ICRA AA/Stable (Brigade Enterprises Ltd)

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

Registration
PRM/KA/RERA/1250/304/PR/131224/007287 · Brigade Enterprises Ltd
On original date
RegisteredDec 2024TodaySep 2026Original completionJun 2029
Construction38%
quarterly filing Q1 2026-27 (submitted 2026-07-15)
Homes booked404 / 420
16 still available
Sold vs built96% vs 38%
Buyers are well ahead of construction: most money is in, delivery risk sits with the developer.
Money through the RERA account
Collected ₹43.58 CrWithdrawn ₹3.78 CrQ3 2025-2643.58 Cr3.78 CrCollected ₹27.90 CrWithdrawn ₹4.62 CrQ4 2025-2627.90 Cr4.62 CrCollected ₹43.34 CrWithdrawn ₹4.65 CrQ1 2026-2743.34 Cr4.65 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Plastering inside , outside & Ceiling
    0%
  • Joinery: Doors, Windows, Ventilators etc
    0%
  • Dadoing, Skirting, Flooring, Tiles work
    0%
  • Electrification, Water supply and Sanitary
    0%
  • Fire prevention and fire fighting fitting
    0%
  • Weather Proof work
    0%
No litigation declaredNo complaintsEscrow: KOTAK MAHINDRA BANK
Credit ratings of the people behind it
AAAAAABBBBBBCDinvestment grade ◀▶ speculative gradeICRA AA / Stable ▲ · Brigade Enterprises Ltd · Jul 2025
Complaints & disputes on record
On this project00 open
On the promoter entity43all projects
Court cases declared0no stay recorded
At a glance
On its original RERA date

On its original RERA completion date: 2029-06-30

38% built, 96% booked

38% built per the latest filing; 404/420 homes booked

No complaints on this project

No RERA complaints on this project; 43 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹364 cr — where it goes
Approvals ₹6.4 cr · 2%Construction & on-site ₹319.9 cr · 88%Finance (bank) ₹10.5 cr · 3%Other / taxes ₹27.5 cr · 8%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-15))
20252026202720282029Earth work and other leveling preparat95%Foundation footing work80%Upto Plinth Level40%Sub-structure flooring5%Retaining wall55%RCC or MS Framed structure39%Masonry Construction5%Plastering inside , outside & Ceiling0%Joinery: Doors, Windows, Ventilators e0%Basic work of Water supply, Sanitary a5%Dadoing, Skirting, Flooring, Tiles wor0%Railing and Grill fixing1%Electrification, Water supply and Sani0%Painting1%Fire prevention and fire fighting fitt0%Weather Proof work0%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.
No litigation declaredBorrowing declared: NoEscrow at KOTAK MAHINDRA BANK2 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 — 2029-06-30 — 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 · 13 items

RERA file · Registration

Registration
PRM/KA/RERA/1250/304/PR/131224/007287 · promoter Brigade Enterprises Ltd (Company) · L85110KA1995PLC019126
Dates
Start 2024-12-23 · original completion 2029-06-30 · no extensions
Progress
38% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 404 of 420 homes booked (16 available)
Registered cost
Total ₹364 cr · construction ₹320 cr · bank principal+interest ₹10.47 cr
Borrowing / mortgage declared
Borrowing: No
RERA bank account
KOTAK MAHINDRA BANK, M G Road (70% construction account)
Plan sanction
BDA/PS/EM/EO-2/TA-3/N/19/2024-25 dated 2024-12-03 · BDA - Bangalore Development Authority
Land & towers
4.56 acres (18,464 sq m) · BLOCK - A 180 homes, 30 floors; BLOCK - B 240 homes, 30 floors
Land owners / co-promoters
Brigade Enterprises Limited (100.0%, Sy 23/6A); Brigade Enterprises Limited (100.0%, Sy 23/6B)
Litigation declared
None declared in filings
K-RERA complaints
0 on this registration (0 open) · 43 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/1250/304/PR/131224/007287, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1250/304/PR/131224/007287 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1250/304/PR/131224/007287 (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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