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

Elegant Hermitage

Elegant Builders · Mysore Road / RR Nagar / Kengeri · SY.NO. 7/22 to the West of Division ROAD Village UTTARAHALLI MANAVATHEKAVAL Taluka

Promoter entityELEGANT BUILDERS AND DEVELOPERS
Entity type · PANPartnership Firm · AADFE0590L
Developer brandElegant Builders · #70 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/300623/006025
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned planPRJ/1329/22-23IN · 2023-01-13
Escrow bankBank of Baroda, J P NAGAR BANGALORE
Land2.46 acres · 5 land owners on record
Court cases declared0
Complaints at K-RERA0 on this project · 2 on the promoter
Record fetchedSep 2026
0 red flags3 to watch4 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/300623/006025 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/300623/006025 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 red3 watch4 positive
Delivery timeline7/10
1 extension on the registration (−2)
Legal & complaints9/10
no litigation and no complaints on the RERA file
Money to finish9/10
finance cost is 0% of the registered budget; last quarter: collected ₹19.62 cr, withdrew ₹19.62 cr; 87% of homes booked (+1)
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/1251/310/PR/300623/006025 · ELEGANT BUILDERS AND DEVELOPERS
1 extension
RegisteredMay 2023Original completionMar 2026TodaySep 2026Section 6 ext.Mar 2027
Construction90%
quarterly filing Q1 2026-27 (submitted 2026-07-11)
Homes booked208 / 240
32 still available
Sold vs built87% vs 90%
Sales and construction are broadly in step.
Money through the RERA account
Collected ₹20.87 CrWithdrawn ₹20.87 CrQ3 2025-2620.87 Cr20.87 CrCollected ₹19.44 CrWithdrawn ₹19.44 CrQ4 2025-2619.44 Cr19.44 CrCollected ₹19.62 CrWithdrawn ₹19.62 CrQ1 2026-2719.62 Cr19.62 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Electrification, Water supply and Sanitary
    50%
  • Fire prevention and fire fighting fitting
    50%
  • Elevation work
    50%
  • Internal and External work including lands
    50%
  • Painting
    70%
  • Dadoing, Skirting, Flooring, Tiles work
    80%
No litigation declaredNo complaintsEscrow: Bank of BarodaJoint-development land
Credit ratings of the people behind it

No public credit rating located for the promoter.

ELEGANT BUILDERS AND DEVELOPERS: no public rating located

Complaints & disputes on record
On this project0– open
On the promoter entity2all projects
Court cases declared0no stay recorded
At a glance
Registration extended 1×

Registration extended 1× — from 2026-03-31 to 2027-03-31

90% built, 87% booked

90% built per the latest filing; 208/240 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 ₹203 cr — where it goes
Approvals ₹4.4 cr · 2%Construction & on-site ₹166.3 cr · 82%Other / taxes ₹32.3 cr · 16%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-11))
202420252026Earth work and other leveling preparat100%Foundation footing work100%Upto Plinth Level100%Sub-structure flooring100%Retaining wall100%RCC or MS Framed structure100%Masonry Construction95%Plastering inside , outside & Ceiling95%Joinery: Doors, Windows, Ventilators e95%Basic work of Water supply, Sanitary a90%Dadoing, Skirting, Flooring, Tiles wor80%Railing and Grill fixing80%Electrification, Water supply and Sani50%Painting70%Fire prevention and fire fighting fitt50%Elevation work50%Internal and External work including l50%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 Bank of Baroda5 recorded land-owner sharesOwners’ association: not formed

Red flags to resolve in writing

1
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 — 2027-03-31 — and what is the per-month delay compensation?
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. 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/1251/310/PR/300623/006025 · promoter ELEGANT BUILDERS AND DEVELOPERS (Partnership Firm) · FORM D - FLG 102/15-16
Dates
Start 2023-05-01 · original completion 2026-03-31 · 1 extension: Section 6 Extension → 2027-03-31
Progress
90% complete per quarterly filing Q1 2026-27 (submitted 2026-07-11) · 208 of 240 homes booked (32 available)
Registered cost
Total ₹203 cr · construction ₹166 cr
Borrowing / mortgage declared
Borrowing: No
RERA bank account
Bank of Baroda, J P NAGAR BANGALORE (70% construction account)
Plan sanction
PRJ/1329/22-23IN dated 2023-01-13 · BBMP - Bruhat Bengaluru Mahanagara Palike
Land & towers
2.46 acres (9,971 sq m) · Tower - 1 48 homes, 12 floors; Tower - 2 96 homes, 12 floors; Tower - 3 96 homes, 12 floors
Land owners / co-promoters
Tower-3 (96%, Sy 9702); Tower-2 (96%, Sy 8155); Tower-1 (48%, Sy 4749); Total No. of Units (48%, 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 · 2 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/300623/006025, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/310/PR/300623/006025 (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/300623/006025 (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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