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

Elegant Mystic Elite

Elegant Builders · Kanakapura Road / Talaghattapura / Banashankari 6th · DODDABETTAHALLI , YELAHANKA HOBLI

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/170326/008528
Planning authorityBDA - Bangalore Development Authority
Sanctioned planBDA/TPM/PRL-26/2022-23/190/2022-23 · 2023-04-20
Escrow bankCanara Bank, BANGALORE SARAKKI LAYOUT
Landarea not filed · 6 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 watch5 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/170326/008528 and 2 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/170326/008528 and 2 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 finish8/10
finance cost is 0% of the registered budget; last quarter: collected ₹0.00 cr, withdrew ₹0.00 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/1251/310/PR/170326/008528 · ELEGANT BUILDERS AND DEVELOPERS
On original date
RegisteredJan 2026TodaySep 2026Original completionDec 2027
Construction68%
quarterly filing Q1 2026-27 (submitted 2026-07-11)
Money through the RERA account
Collected ₹0Withdrawn ₹0Q4 2025-260.0 L0.0 LCollected ₹0Withdrawn ₹0Q1 2026-270.0 L0.0 L
Collected from buyersWithdrawn for construction
Latest milestones
  • Power Supply Work
    0%
  • Plantation Work
    0%
  • Other Miscellaneous Work
    0%
  • Formation Of Road, Footpath, drainange, er
    75%
  • Formation Of Plots
    100%
No litigation declaredNo complaintsEscrow: Canara BankJoint-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 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: 2027-12-31

68% built, NaN% booked

68% 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 ₹38.78 cr — where it goes
Land ₹0 cr · 0%Approvals ₹0.1 cr · 0%Construction & on-site ₹3.4 cr · 9%Other / taxes ₹35.2 cr · 91%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-11))
2027Formation Of Plots100%Formation Of Road, Footpath, drainange75%Power Supply Work0%Plantation Work0%Other Miscellaneous Work0%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 Canara Bank6 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 — 2027-12-31 — 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 · 11 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/310/PR/170326/008528 · promoter ELEGANT BUILDERS AND DEVELOPERS (Partnership Firm) · FORM D - FLG 102/15-16
Dates
Start 2026-01-01 · original completion 2027-12-31 · no extensions
Progress
68% complete per quarterly filing Q1 2026-27 (submitted 2026-07-11) · 0 of 0 homes booked (0 available)
Registered cost
Total ₹38.78 cr · land ₹0.00 cr · construction ₹3.43 cr
Borrowing / mortgage declared
Borrowing: No
RERA bank account
Canara Bank, BANGALORE SARAKKI LAYOUT (70% construction account)
Plan sanction
BDA/TPM/PRL-26/2022-23/190/2022-23 dated 2023-04-20 · BDA - Bangalore Development Authority
Land owners / co-promoters
Total Number of Parks and open spaces (1%, Sy Total Area of Parks and Open Spaces); Total Number of CA Sites (1%, Sy Total Area of CA Sites); 9.14 x 11.92 (2%, Sy 217); 502 (3%, Sy odd site); 12.14 x 12.19 (3%, Sy 446); 5466 (6%, Sy TOTAL)
Litigation declared
None declared in filings
Owners’ association
Not yet formed
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/310/PR/170326/008528, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/310/PR/170326/008528 (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/170326/008528 (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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