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

Iconica Nitesh Park Avenue

Nitesh Estates · Malleswaram / Rajajinagar / Sadashivanagar · Abshot Layout Sankey Road, Bangalore 560020

Promoter entityGardencity Realty Private Limited
Entity type · PANCompany · AACCG2140G
Developer brandNitesh Estates · #31 in Bengaluru by RERA registrations
RERA registrationsRegistration: TOR/PRM/KA/RERA/1251/309/PR/210528/001913
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned plannot filed
Escrow bankHDFC, Richmond Road
Land0.62 acres
Court cases declared0
Complaints at K-RERA0 on this project · 1 on the promoter
Record fetchedSep 2026
0 red flags2 to watch4 positive

Automated from the Karnataka RERA file TOR/PRM/KA/RERA/1251/309/PR/210528/001913 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 TOR/PRM/KA/RERA/1251/309/PR/210528/001913 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 red2 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 finish7/10
finance cost is 0% of the registered budget; last quarter: collected ₹0.00 cr, withdrew ₹0.00 cr; only 15% 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
TOR/PRM/KA/RERA/1251/309/PR/210528/001913 · Gardencity Realty Private Limited
2 extensions
RegisteredSep 2013Original completionDec 2021Section 6 ext.Dec 2022TodaySep 2026Further ext.Jun 2028
Construction55%
quarterly filing Q1 2026-27 (submitted 2026-07-14)
Homes booked5 / 33
28 still available
Sold vs built15% vs 55%
Sales and construction are broadly in step.
Money through the RERA account
Collected ₹0Withdrawn ₹0Q1 2026-270.0 L0.0 L
Collected from buyersWithdrawn for construction
Latest milestones
  • Sub-structure flooring
    0%
  • Joinery: Doors, Windows, Ventilators etc
    0%
  • 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%
No litigation declaredNo complaintsEscrow: HDFC
Credit ratings of the people behind it

No public credit rating located for the promoter.

Gardencity Realty Private Limited: 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
Registration extended 2×

Registration extended 2× — from 2021-12-30 to 2028-06-30

55% built, 15% booked

55% built per the latest filing; 5/33 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 ₹108 cr — where it goes
Land ₹54.1 cr · 50%Construction & on-site ₹54.1 cr · 50%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-14))
20272028Earth work and other leveling preparat100%Foundation footing work100%Retaining wall100%Plinth level Beam100%Sub-structure flooring0%RCC or MS Framed structure80%Masonry construction: Bricks, Concrete26%Plastering inside , outside & Ceiling26%Joinery: Doors, Windows, Ventilators e0%Basic work of Water supply, Sanitary a0%Dadoing, Skirting, Flooring, Tiles wor0%Railing and Grill fixing0%Electrification, Water supply and Sani0%Fire prevention and fire fighting fitt0%Weather Proof work0%Painting0%Elevation work0%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: not statedEscrow at HDFCOwners’ association: not formed

Red flags to resolve in writing

1
Timeline

Registration extended 2 times: original completion 2021-12-30, now 2028-06-30.

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 — 2028-06-30 — and what is the per-month delay compensation?
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. Is the land freehold with the developer, and is any part mortgaged?
Full record: every filed number, line by line1 sections · 11 items

RERA file · Registration

Registration
TOR/PRM/KA/RERA/1251/309/PR/210528/001913 · promoter Gardencity Realty Private Limited (Company) · EX/PRM/KA/RERA/1251/309/PR/220908/001913
Dates
Start 2013-09-30 · original completion 2021-12-30 · 2 extensions: Section 6 Extension → 2022-12-30, Further Extension → 2028-06-30
Progress
55% complete per quarterly filing Q1 2026-27 (submitted 2026-07-14) · 5 of 33 homes booked (28 available)
Registered cost
Total ₹108 cr · land ₹54.07 cr · construction ₹54.07 cr
RERA bank account
HDFC, Richmond Road (70% construction account)
Money at registration
collected ₹15.98 cr · spent ₹142 cr · balance ₹0.00 cr · delay declared: Reason For Delay :
Land & towers
0.62 acres (2,508 sq m) · A 33 homes, 33 floors
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 TOR/PRM/KA/RERA/1251/309/PR/210528/001913, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record TOR/PRM/KA/RERA/1251/309/PR/210528/001913 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records TOR/PRM/KA/RERA/1251/309/PR/210528/001913 (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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