PropertyLensBengaluru · invest
← Project pageFull investment reportChoose “Save as PDF” in the print dialog.
PropertyLensBengaluru · invest
Financial & legal due diligence · public record · 18 Oct 2026

Elysium at Brigade Cornerstone Utopia

Brigade Group · Marathahalli / Kundalahalli / Varthur · Sy No 183/3, Varthur Village, , Varthur Hobli, Bangalore East, Bangalore

Promoter entityMysore Projects Private Limited
Entity type · PANCompany · AAGCM7611Q
Developer brandBrigade Group · #3 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/446/PR/040924/006987
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned planBBMP/Addl.Dir/JD NORTH/LP/0280/2017-18 · 2018-09-05
Escrow bankICICI Bank, M G Road Branch
Land3.34 acres · 16 land owners on record
Court cases declared1
Complaints at K-RERA0 on this project · 21 on the promoter
Record fetchedSep 2026
0 red flags4 to watch4 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/040924/006987 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/1251/446/PR/040924/006987 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 red4 watch4 positive
Delivery timeline8/10
delivered on the original registration
Legal & complaints6.5/10
1 court case declared in filings (−1.5); land litigation declared “Yes” on a registration (−1)
Money to finish7/10
finance cost is 2% of the registered budget; last quarter: collected ₹0.00 cr, withdrew ₹0.00 cr; only 0% 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/1251/446/PR/040924/006987 · Mysore Projects Private Limited
Delivered
RegisteredJan 2021Original completionJun 2026TodaySep 2026
Money through the RERA account
Collected ₹0Withdrawn ₹0Q3 2025-260.0 L0.0 LCollected ₹0Withdrawn ₹0Q4 2025-260.0 L0.0 LCollected ₹0Withdrawn ₹0Q1 2026-270.0 L0.0 L
Collected from buyersWithdrawn for construction
Latest milestones
  • Earth work and other leveling preparation
    100%
  • Foundation footing work
    100%
  • Upto Plinth Level
    100%
  • Sub-structure flooring
    100%
  • Retaining wall
    100%
  • RCC or MS Framed structure
    100%
1 court case declaredNo complaintsEscrow: ICICI BankJoint-development land
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 entity21all projects
Court cases declared1no stay recorded
At a glance
Delivered

Delivered. RERA registration ran 2021-01-02 → 2026-06-30

No complaints on this project

No RERA complaints on this project; 21 on the promoter overall

1 court case declared

1 court case declared in RERA filings (no stay recorded)

The record, in pictures

RERA file · Registration

Registered project cost ₹302 cr — where it goes
Approvals ₹0.2 cr · 0%Construction & on-site ₹178.8 cr · 59%Finance (bank) ₹6.1 cr · 2%Other / taxes ₹116.6 cr · 39%
O.S 51/2025 · Civil Judge-K R Puram · no stayBorrowing declared: YesEscrow at ICICI Bank16 recorded land-owner sharesOwners’ association: not formed

Red flags to resolve in writing

1
Legal

1 court case declared in RERA filings (51/2025); check for stays and title impact.

2
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. Provide the occupancy certificate, khata and title chain for the unit.
  4. What do the declared cases (51/2025) concern and is any stay in force?
  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/1251/446/PR/040924/006987 · promoter Mysore Projects Private Limited (Company) · U70102KA2010PTC054771
Dates
Start 2021-01-02 · original completion 2026-06-30 · no extensions
Status
Completed and occupied (per project status); RERA progress fields below are historical
Registered cost
Total ₹302 cr · construction ₹179 cr · bank principal+interest ₹6.10 cr
Borrowing / mortgage declared
Borrowing: Yes
RERA bank account
ICICI Bank, M G Road Branch (70% construction account)
Plan sanction
BBMP/Addl.Dir/JD NORTH/LP/0280/2017-18 dated 2018-09-05 · BBMP - Bruhat Bengaluru Mahanagara Palike
Land & towers
3.34 acres (13,526 sq m) · Elysium at Brigade Cornerstone Utopia 19 homes, 18 floors
Land owners / co-promoters
G. Narayanappa (4.0%, Sy 183/3); M. Prasad (1.0%, Sy 183/3); Commercial (1%, Sy 1454); Commercial (1%, Sy 1369); Commercial (1%, Sy 1362); Commercial (1%, Sy 1274); Commercial (8%, Sy 1318); Commercial (2%, Sy 1275) +8 more
Litigation declared
O.S 51/2025, Civil Judge-K R Puram — no stay
K-RERA complaints
0 on this registration (0 open) · 21 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/1251/446/PR/040924/006987, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/446/PR/040924/006987 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1251/446/PR/040924/006987 (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.
Share on WhatsApp