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

Grc Sapphire Spring - Phase -1

GRC Infra · Bannerghatta Road / JP Nagar / Arekere · SY 38/1 & 38/2 situated at

Promoter entityGRC Infra Pvt. Ltd.
Entity type · PANCompany · AADCG6210G
Developer brandGRC Infra · #67 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/030225/007478
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned planBBMP/Addl.Dir/JDSouth/PRJ 3029/23-24 · 2024-10-25
Escrow bankKarnataka Bank Ltd., Minerva Circle
Land2.56 acres · 6 land owners on record
Court cases declared0
Complaints at K-RERA0 on this project · 1 on the promoter
Record fetchedSep 2026
0 red flags1 to watch6 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/030225/007478 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/030225/007478 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 watch6 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 finish6.5/10
finance cost is 17% of the registered budget (−1.5); last quarter: collected ₹16.36 cr, withdrew ₹16.36 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/030225/007478 · GRC Infra Pvt. Ltd.
On original date
RegisteredDec 2024TodaySep 2026Original completionDec 2030
Construction26%
quarterly filing Q4 2025-26 (submitted 2026-08-26)
Homes booked147 / 308
161 still available
Sold vs built48% vs 26%
Sales and construction are broadly in step.
Money through the RERA account
Collected ₹15.15 CrWithdrawn ₹15.15 CrQ3 2025-2615.15 Cr15.15 CrCollected ₹16.36 CrWithdrawn ₹16.36 CrQ4 2025-2616.36 Cr16.36 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Basic work of Water supply, Sanitary and E
    0%
  • Dadoing, Skirting, Flooring, Tiles work
    0%
  • Railing and Grill fixing
    0%
  • Electrification, Water supply and Sanitary
    0%
  • Painting
    0%
  • Fire prevention and fire fighting fitting
    0%
No litigation declaredNo complaintsNBFC finance 17% of budgetEscrow: Karnataka Bank Ltd.Joint-development land
Credit ratings of the people behind it

No public credit rating located for the promoter.

GRC Infra Pvt. Ltd.: no public rating located

Complaints & disputes on record
On this project00 open
On the promoter entity1all projects
Court cases declared0no stay recorded
At a glance
On its original RERA date

On its original RERA completion date: 2030-12-31

26% built, 48% booked

26% built per the latest filing; 147/308 homes booked

No complaints on this project

No RERA complaints on this project; 1 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹273 cr — where it goes
Approvals ₹1.2 cr · 0%Construction & on-site ₹222.9 cr · 82%Finance (NBFC) ₹46.3 cr · 17%Other / taxes ₹2.6 cr · 1%
Construction programme as filed (quarterly filing Q4 2025-26 (submitted 2026-08-26))
202520262027202820292030Earth work and other leveling preparat100%Foundation footing work100%Upto Plinth Level100%Sub-structure flooring100%Retaining wall100%RCC or MS Framed structure50%Masonry Construction55%Plastering inside , outside & Ceiling50%Joinery: Doors, Windows, Ventilators e70%Basic work of Water supply, Sanitary a0%Dadoing, Skirting, Flooring, Tiles wor0%Railing and Grill fixing0%Electrification, Water supply and Sani0%Painting0%Fire prevention and fire fighting fitt0%Weather Proof work0%Elevation work50%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 Karnataka Bank Ltd.6 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 — 2030-12-31 — 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 · 13 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/310/PR/030225/007478 · promoter GRC Infra Pvt. Ltd. (Company) · U45201KA2009PTC051798
Dates
Start 2024-12-06 · original completion 2030-12-31 · no extensions
Progress
26% complete per quarterly filing Q4 2025-26 (submitted 2026-08-26) · 147 of 308 homes booked (161 available)
Registered cost
Total ₹273 cr · construction ₹223 cr · NBFC principal+interest ₹46.29 cr (17%)
Borrowing / mortgage declared
Borrowing: No
RERA bank account
Karnataka Bank Ltd., Minerva Circle (70% construction account)
Plan sanction
BBMP/Addl.Dir/JDSouth/PRJ 3029/23-24 dated 2024-10-25 · BBMP - Bruhat Bengaluru Mahanagara Palike
Land & towers
2.56 acres (10,370 sq m) · Tower-A 56 homes, 13 floors; Tower-B 84 homes, 14 floors; Tower-C 84 homes, 14 floors; Tower-D 84 homes, 14 floors
Land owners / co-promoters
G Lakshmikanth (32.0%, Sy 63/6 (Partial)); 2.5B-2T (56%, Sy 5000); 2B – 2T (84%, Sy 6300); 3B - 2T (84%, Sy 7694); 3B – 3T (84%, Sy 8164); Total No. of Units (56%, Sy No. of Stilts)
Litigation declared
None declared in filings
K-RERA complaints
0 on this registration (0 open) · 1 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/030225/007478, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/310/PR/030225/007478 (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/030225/007478 (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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