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

Ivory Phase 2 At Brigade Orchards

Brigade Group · Devanahalli / Airport Road / Bagalur · Sy No. 41(P), Rayasandra Village, , Devanahalli Taluk, Bangalore

Promoter entityBCV Developers Pvt Ltd
Entity type · PANCompany · AADCB4152E
Developer brandBrigade Group · #3 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1250/303/PR/151223/006485
Planning authorityLocal Planing Authority
Sanctioned planSTRRPA/TP/CC/77/2021-22 · 2021-08-26
Escrow bankAxis Bank, Malleshwaram
Land3.49 acres · 2 land owners on record
Court cases declared0
Complaints at K-RERA1 on this project · 15 on the promoter
Record fetchedSep 2026
0 red flags4 to watch4 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1250/303/PR/151223/006485 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/1250/303/PR/151223/006485 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 timeline9/10
no extensions, no overdue dates on the RERA file
Legal & complaints8.5/10
1 RERA complaint on the project (−0.5); 1 still open
Money to finish9/10
finance cost is 0% of the registered budget; last quarter: collected ₹8.81 cr, withdrew ₹5.03 cr; 100% 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/1250/303/PR/151223/006485 · BCV Developers Pvt Ltd
On original date
RegisteredDec 2023TodaySep 2026Original completionDec 2027
Construction83%
quarterly filing Q1 2026-27 (submitted 2026-07-15)
Homes booked487 / 487
0 still available
Sold vs built100% vs 83%
Sales and construction are broadly in step.
Money through the RERA account
Collected ₹12.98 CrWithdrawn ₹11.44 CrQ3 2025-2612.98 Cr11.44 CrCollected ₹11.68 CrWithdrawn ₹5.91 CrQ4 2025-2611.68 Cr5.91 CrCollected ₹8.81 CrWithdrawn ₹5.03 CrQ1 2026-278.81 Cr5.03 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Wardrobe, Showcase, Kitchen cabinet, Puja
    0%
  • Electrification, Water supply and Sanitary
    70%
  • Basic work of Water supply, Sanitary and E
    90%
  • Dadoing, Skirting, Flooring, Tiles work
    90%
  • Fire prevention and fire fighting fitting
    90%
  • Weather Proof work
    95%
No litigation declared1 complaints · 1 openEscrow: Axis 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 project11 open
On the promoter entity15all projects
Court cases declared0no stay recorded
What complainants raise
  • Builder not Signing the Agreement To Sell without giving POA and Under taking letter which
At a glance
On its original RERA date

On its original RERA completion date: 2027-12-31

83% built, 100% booked

83% built per the latest filing; 487/487 homes booked

1 RERA complaints, 1 open

1 RERA complaints on this project (1 open); 15 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹215 cr — where it goes
Approvals ₹1.2 cr · 1%Construction & on-site ₹197.3 cr · 92%Other / taxes ₹16.2 cr · 8%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-15))
2024202520262027Earth work and other leveling preparat100%Foundation footing work100%Upto Plinth Level100%Sub-structure flooring100%Retaining wall100%RCC or MS Framed structure100%Masonry Construction100%Plastering inside , outside & Ceiling100%Joinery: Doors, Windows, Ventilators e100%Basic work of Water supply, Sanitary a90%Dadoing, Skirting, Flooring, Tiles wor90%Railing and Grill fixing100%Electrification, Water supply and Sani70%Painting100%Fire prevention and fire fighting fitt90%Weather Proof work95%Wardrobe, Showcase, Kitchen cabinet, P0%Elevation work100%Internal and External work including l100%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 Bank2 recorded land-owner sharesOwners’ association: not formed

Complaint log (K-RERA) · 1 on this project

  • Mar 2024Builder not Signing the Agreement To Sell without giving POA and Under taking letter which is clubbed togetheropen
Complaints by status
Open / under enquiry
1

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 — 2027-12-31 — 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 line2 sections · 14 items

RERA file · Registration

Registration
PRM/KA/RERA/1250/303/PR/151223/006485 · promoter BCV Developers Pvt Ltd (Company) · U45201KA2008PTC045861
Dates
Start 2023-12-05 · original completion 2027-12-31 · no extensions
Progress
83% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 487 of 487 homes booked (0 available)
Registered cost
Total ₹215 cr · construction ₹197 cr
Borrowing / mortgage declared
Borrowing: No
RERA bank account
Axis Bank, Malleshwaram (70% construction account)
Plan sanction
STRRPA/TP/CC/77/2021-22 dated 2021-08-26 · Local Planing Authority
Land & towers
3.49 acres (14,134 sq m) · J 143 homes, 14 floors; K 170 homes, 14 floors; L 174 homes, 14 floors
Land owners / co-promoters
STUDIO UNIT (3%, Sy 28); No. of Basement (1%, Sy Total No. of Parking)
Litigation declared
None declared in filings
K-RERA complaints
1 on this registration (1 open) · 15 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/1250/303/PR/151223/006485, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 1 on this project

2024-03-26 · 00319/2024
Builder not Signing the Agreement To Sell without giving POA and Under taking letter which is clubbed together with ATS — POSTED FOR ORDERS AUTHORITY FULLBENCH

Complaint subjects are as filed by complainants; a disposed complaint may have been decided either way.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1250/303/PR/151223/006485 (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/151223/006485 (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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