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

Lakecity Phase 1

Elite Estates · Electronic City / Hosur Road / Bommasandra · Sy No 33/1, 33/2, 33/3, 33/4, 33/5, 33/6, 33/7, 35/2, 35/3, 35/4, 35/5, 35/6, 35/7, 37/1, 49/1B & 50/2 of Chikkanagamangala Village , Sarjapura Hobli, Anekal Taluk

Promoter entityM/s. Elite Estates
Entity type · PANPartnership Firm · AAKPE8073H
Developer brandElite Estates · #28 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/308/PR/160525/007754
Planning authorityBDA - Bangalore Development Authority
Sanctioned planPRL-11/3300/2024-25 · 2025-03-12
Escrow bankSTATE BANK OF INDIA, HSR Layout
Landarea not filed · 15 land owners on record
Court cases declared0
Complaints at K-RERA0 on this project · 0 on the promoter
Record fetchedSep 2026
0 red flags1 to watch5 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/308/PR/160525/007754. 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/1251/308/PR/160525/007754. 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 watch5 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 finish8/10
finance cost is 0% of the registered budget
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/1251/308/PR/160525/007754 · M/s. Elite Estates
On original date
RegisteredMay 2025TodaySep 2026Original completionDec 2030
Construction0%
registration-time status
No litigation declaredNo complaintsEscrow: STATE BANK OF INDIAJoint-development land
Credit ratings of the people behind it

No public credit rating located for the promoter.

M/s. Elite Estates: 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
On its original RERA date

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

0% built

0% built per the latest filing

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

No litigation declaredBorrowing declared: not statedEscrow at STATE BANK OF INDIA15 recorded land-owner shares

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 · 9 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/308/PR/160525/007754 · promoter M/s. Elite Estates (Partnership Firm) · JNR-F712-2023-24
Dates
Start 2025-05-01 · original completion 2030-12-31 · no extensions
Progress
0% complete per registration-time status
Registered cost
Total ₹91.06 cr · construction —
RERA bank account
STATE BANK OF INDIA, HSR Layout (70% construction account)
Plan sanction
PRL-11/3300/2024-25 dated 2025-03-12 · BDA - Bangalore Development Authority
Land owners / co-promoters
Rama Reddy (100.0%, Sy 33/2); Rama Reddy (100.0%, Sy 33/3); Rama Reddy (100.0%, Sy 33/4); Rama Reddy (100.0%, Sy 33/5); Rama Reddy (100.0%, Sy 33/6); Rama Reddy (100.0%, Sy 33/7); Rama Reddy (100.0%, Sy 35/2); Kavitha Ramreddy (100.0%, Sy 35/3) +7 more
Litigation declared
None declared in filings
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/308/PR/160525/007754, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/308/PR/160525/007754 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1251/308/PR/160525/007754 (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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