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PropertyLensBengaluru · invest

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

Elite Park Phase 4

Elite Estates · Devanahalli / Airport Road / Bagalur · ELITE SERENITY PHASE 1 , SURVEY NO. 151/2, 152/1, 152/2, GOKARE VILLAGE,

Promoter entityElite Estates

Entity type · PANPartnership Firm · AAGFE2969N

Developer brandElite Estates · #28 in Bengaluru by RERA registrations

RERA registrationsRegistration: PRM/KA/RERA/1250/303/PR/041225/008299

Planning authorityBIAPPA - Bangalore Airport Area Planning Authority

Sanctioned planBIAPPA/TP/LAO/75/2022-2023/2024-2025 · 2024-05-03

Escrow bankIndian Bank, Indiranagar

Landarea not filed · 4 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 watch6 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1250/303/PR/041225/008299 and 1 quarterly filing. 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/041225/008299 and 1 quarterly filing. 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 timeline8/10

delivered on the original registration

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/1250/303/PR/041225/008299 · Elite Estates

Delivered

Money through the RERA account

Collected from buyersWithdrawn for construction

Latest milestones

Ground Clearance/Formation Of Plots
100%
Formation Of Road, Footpath
100%
Construction Of Water Supply Infrastucture
100%
Construction Of Sewage System Infrastuctur
100%
Power Supply Work
100%
Construction Of Storm Water Drainage
100%

No litigation declaredNo complaintsEscrow: Indian BankJoint-development land

Credit ratings of the people behind it

No public credit rating located for the promoter.

Elite Estates: 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

Delivered

Delivered. RERA registration ran 2024-07-22 → 2026-05-02

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 ₹34.42 cr — where it goes

Land ₹0 cr · 0%Approvals ₹0.3 cr · 1%Construction & on-site ₹6.6 cr · 19%Other / taxes ₹27.6 cr · 80%

No litigation declaredBorrowing declared: NoEscrow at Indian 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.
Provide the occupancy certificate, khata and title chain for the unit.
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 · 11 items

RERA file · Registration

Registration

PRM/KA/RERA/1250/303/PR/041225/008299 · promoter Elite Estates (Partnership Firm) · SJN F 1349 2016-17

Dates

Start 2024-07-22 · original completion 2026-05-02 · no extensions

Status

Completed and occupied (per project status); RERA progress fields below are historical

Registered cost

Total ₹34.42 cr · land ₹0.00 cr · construction ₹6.60 cr

Borrowing / mortgage declared

Borrowing: No

RERA bank account

Indian Bank, Indiranagar (70% construction account)

Plan sanction

BIAPPA/TP/LAO/75/2022-2023/2024-2025 dated 2024-05-03 · BIAPPA - Bangalore Airport Area Planning Authority

Land owners / co-promoters

Manjula (70.0%, Sy 283); Muniseethappa (75.0%, Sy 282/2); Muniseethappa (75.0%, Sy 282/4); Ramakka (75.0%, Sy 282/4)

Litigation declared

None declared in filings

Owners’ association

Not yet formed

Completion applied

19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1250/303/PR/041225/008299, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources

Karnataka RERA project record PRM/KA/RERA/1250/303/PR/041225/008299 (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/041225/008299 (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.