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

Mahaveer Carnation

Mahaveer · Kanakapura Road / Talaghattapura / Banashankari 6th · SY. NO. 34/2, BBMP KATHA NO. 16/34/2, TALAGATTAPURA VILLAGE

Promoter entityRED CORAL PROPERTIES
Entity type · PANPartnership Firm · AALFR9530P
Developer brandMahaveer · #27 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/180504/001613
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned plannot filed
Escrow bankHDFC, Richmond, Bangalore
Land1.61 acres
Court cases declared0
Complaints at K-RERA3 on this project · 23 on the promoter
Record fetchedSep 2026
2 red flags3 to watch2 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/180504/001613. 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/180504/001613. 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.

2 red3 watch2 positive
Delivery timeline1/10
3 extensions on the registration (−6); a registration completion date has already passed (−2)
Legal & complaints7.5/10
3 RERA complaints on the project (−1.5); 1 still open
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/1251/310/PR/180504/001613 · RED CORAL PROPERTIES
Past RERA date
RegisteredApr 2018Original completionOct 2021Covid ext.Jul 2022Section 6 ext.Jul 2023Further ext.Mar 2025TodaySep 2026
No litigation declared3 complaints · 1 openEscrow: HDFC
Credit ratings of the people behind it

No public credit rating located for the promoter.

RED CORAL PROPERTIES: no public rating located

Complaints & disputes on record
On this project31 open
On the promoter entity23all projects
Court cases declared0no stay recorded
What complainants raise
  • Illegal cancellation of allotment and inordinate delay in possession of Flat No 226 in the
  • Delay in delivery of the flat
  • Delay in delivery of the flat
At a glance
Registration extended 3×

Registration extended 3× — from 2021-10-31 to 2025-03-31 (already passed)

3 RERA complaints, 1 open

3 RERA complaints on this project (1 open); 23 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹32.00 cr — where it goes
Land ₹2 cr · 6%Construction & on-site ₹30 cr · 94%
No litigation declaredBorrowing declared: not statedEscrow at HDFC

Complaint log (K-RERA) · 3 on this project

  • Oct 2025Illegal cancellation of allotment and inordinate delay in possession of Flat No 226 in the Mahaveer Carnation open
  • Jun 2023Delay in delivery of the flatdisposed
  • May 2023Delay in delivery of the flatdisposed
Complaints by status
Open / under enquiry
1
Disposed (Authority)
2

Red flags to resolve in writing

1
Timeline

Registration extended 3 times: original completion 2021-10-31, now 2025-03-31.

2
Timeline

RERA completion date 2025-03-31 has passed without a completion application.

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 — 2025-03-31 — and what is the per-month delay compensation?
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. Is the land freehold with the developer, and is any part mortgaged?
Full record: every filed number, line by line2 sections · 11 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/310/PR/180504/001613 · promoter RED CORAL PROPERTIES (Partnership Firm) · EX/PRM/KA/RERA/1251/310/PR/221109/001613
Dates
Start 2018-04-16 · original completion 2021-10-31 · 3 extensions: Covid Extension → 2022-07-31, Section 6 Extension → 2023-07-30, Further Extension → 2025-03-31 · current date has passed
Registered cost
Total ₹32.00 cr · land ₹2.00 cr · construction ₹30.00 cr
RERA bank account
HDFC, Richmond, Bangalore (70% construction account)
Land & towers
1.61 acres (6,502 sq m) · TOWER 1 103 homes, 3 floors
Litigation declared
None declared in filings
K-RERA complaints
3 on this registration (1 open) · 23 on the promoter entity across all its projects
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/310/PR/180504/001613, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 3 on this project

2025-10-08 · 01253/2025
Illegal cancellation of allotment and inordinate delay in possession of Flat No 226 in the Mahaveer Carnation project by Red Coral Properties in violation of RERA provisions — UNDER ENQUIRY AUTHORITY BENCH4
2023-06-01 · 00867/2023
Delay in delivery of the flat — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-05-22 · 00805/2023
Delay in delivery of the flat — DISPOSED AUTHORITY BENCH5 (AUTHORITY)

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/1251/310/PR/180504/001613 (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/180504/001613 (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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