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

Icon Micasa

Icon Infra Shelters · Electronic City / Hosur Road / Bommasandra · Survey Nos.128/2 and 128/3, Kudlu Village, Sarjapura Hobli, Anekal Taluk

Promoter entityICON INFRA SHELTERS INDIA PRIVATE LIMITED
Entity type · PANCompany · AACCI9710Q
Developer brandIcon Infra Shelters · #122 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/110422/004823
Planning authorityBMRDA - Bangalore Metropolitan Region Development Authority
Sanctioned planAPA/LAO/265/2021-22 · 2021-10-28
Escrow bankAxis Bank, HSR LAYOUT SECTOR IV
Land1.88 acres · 1 land owner on record
Court cases declared0
Complaints at K-RERA0 on this project · 0 on the promoter
Record fetchedSep 2026
0 red flags3 to watch4 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/110422/004823 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/110422/004823 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 timeline5/10
2 extensions on the registration (−4)
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 ₹5.25 cr, withdrew ₹3.68 cr; 96% 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/110422/004823 · ICON INFRA SHELTERS INDIA PRIVATE LIMITED
2 extensions
RegisteredJan 2022Original completionDec 2024Section 6 ext.Dec 2025TodaySep 2026Further ext.Dec 2026
Construction80%
quarterly filing Q1 2026-27 (submitted 2026-07-15)
Homes booked163 / 170
7 still available
Sold vs built96% vs 80%
Sales and construction are broadly in step.
Money through the RERA account
Collected ₹18.46 CrWithdrawn ₹12.35 CrQ3 2025-2618.46 Cr12.35 CrCollected ₹8.59 CrWithdrawn ₹6.59 CrQ4 2025-268.59 Cr6.59 CrCollected ₹5.25 CrWithdrawn ₹3.68 CrQ1 2026-275.25 Cr3.68 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Basic work of Water supply, Sanitary and E
    25%
  • Internal and External work including lands
    30%
  • Joinery: Doors, Windows, Ventilators etc
    65%
  • Railing and Grill fixing
    65%
  • Fire prevention and fire fighting fitting
    65%
  • Electrification, Water supply and Sanitary
    70%
No litigation declaredNo complaintsEscrow: Axis BankJoint-development land
Credit ratings of the people behind it

No public credit rating located for the promoter.

ICON INFRA SHELTERS INDIA PRIVATE LIMITED: 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
Registration extended 2×

Registration extended 2× — from 2024-12-30 to 2026-12-31

80% built, 96% booked

80% built per the latest filing; 163/170 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 ₹75.55 cr — where it goes
Approvals ₹0.8 cr · 1%Construction & on-site ₹63.5 cr · 84%Other / taxes ₹11.2 cr · 15%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-15))
2023202420252026Earth work and other leveling preparat100%Foundation footing work100%Upto Plinth Level100%Sub-structure flooring100%RCC or MS Framed structure100%Masonry Construction85%Plastering inside , outside & Ceiling85%Joinery: Doors, Windows, Ventilators e65%Basic work of Water supply, Sanitary a25%Dadoing, Skirting, Flooring, Tiles wor80%Railing and Grill fixing65%Electrification, Water supply and Sani70%Painting70%Fire prevention and fire fighting fitt65%Weather Proof work80%Elevation work90%Internal and External work including l30%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 Axis Bank1 recorded land-owner shareOwners’ association: not formed

Red flags to resolve in writing

1
Timeline

Registration extended 2 times: original completion 2024-12-30, now 2026-12-31.

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. Which date is contractual — 2026-12-31 — 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/110422/004823 · promoter ICON INFRA SHELTERS INDIA PRIVATE LIMITED (Company) · U45202KA2012PTC064358
Dates
Start 2022-01-31 · original completion 2024-12-30 · 2 extensions: Section 6 Extension → 2025-12-30, Further Extension → 2026-12-31
Progress
80% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 163 of 170 homes booked (7 available)
Registered cost
Total ₹75.55 cr · construction ₹63.55 cr
Borrowing / mortgage declared
Borrowing: No · mortgage: No
RERA bank account
Axis Bank, HSR LAYOUT SECTOR IV (70% construction account)
Plan sanction
APA/LAO/265/2021-22 dated 2021-10-28 · BMRDA - Bangalore Metropolitan Region Development Authority
Land & towers
1.88 acres (7,588 sq m) · ICONEST 7 170 homes, 8 floors
Land owners / co-promoters
No. of Basement (0%, Sy Total No. of Parking)
Litigation declared
None declared in filings
K-RERA complaints
0 on this registration (0 open) · 0 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/110422/004823, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/310/PR/110422/004823 (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/110422/004823 (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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