PropertyLensBengaluru · invest
← Project pageFull investment reportChoose “Save as PDF” in the print dialog.
PropertyLensBengaluru · invest
Financial & legal due diligence · public record · 18 Oct 2026

Mahaveer Celesse

Mahaveer · Yelahanka / Jakkur / Airport corridor · MAHAVEER CELESSE, SY. 12/5, SONNAPPANAHALLI VILLAGE, JALA HOBLI

Promoter entityREDDY HOUSING PRIVATE LIMITED
Entity type · PANCompany · AAFCR9749B
Developer brandMahaveer · #27 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/309/PR/171026/000415
Planning authorityBDA - Bangalore Development Authority
Sanctioned plannot filed
Escrow bankHDFC, Richmond Road
Land5.2 acres
Court cases declared0
Complaints at K-RERA10 on this project · 14 on the promoter
Record fetchedSep 2026
4 red flags1 to watch2 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/309/PR/171026/000415. 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/1251/309/PR/171026/000415. 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.

4 red1 watch2 positive
Delivery timeline1/10
3 extensions on the registration (−6); a registration completion date has already passed (−2)
Legal & complaints6/10
10 RERA complaints on the project (−3); 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/1251/309/PR/171026/000415 · REDDY HOUSING PRIVATE LIMITED
Past RERA date
RegisteredMar 2016Original completionJun 2020Covid ext.Mar 2021Section 6 ext.Mar 2022Further ext.Mar 2025TodaySep 2026
Construction29%
registration-time status
Collected (at registration)₹10.50 Cr
Spent₹75.83 Cr
Balance with promoter₹0
Delay declaredNo
No litigation declared10 complaints · 1 openEscrow: HDFC
Credit ratings of the people behind it

No public credit rating located for the promoter.

REDDY HOUSING PRIVATE LIMITED: no public rating located

Complaints & disputes on record
On this project101 open
On the promoter entity14all projects
Court cases declared0no stay recorded
What complainants raise
  • INTEREST FOR DELAY, DIRECTION TO REGISTER, ATTEND QUALITY DEFICIENCIES
  • COMPENSATION AND PENALTY ON REDUCING CEILING HEIGHT AND CARPET AREAS.
  • DELAY & REDUCTION IN CEILING HT & CARPET AREAS BY 15% OF AGREEMENT & COMPENSATION of DELAY
  • More than 3 year delay in handover and additional OC charges in final payment
At a glance
Registration extended 3×

Registration extended 3× — from 2020-06-30 to 2025-03-31 (already passed)

29% built

29% built per the latest filing

10 RERA complaints, 1 open

10 RERA complaints on this project (1 open); 14 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹265 cr — where it goes
Land ₹31.6 cr · 12%Construction & on-site ₹233.3 cr · 88%
No litigation declaredBorrowing declared: not statedEscrow at HDFC

Complaint log (K-RERA) · 10 on this project

  • Sep 2025INTEREST FOR DELAY, DIRECTION TO REGISTER, ATTEND QUALITY DEFICIENCIESopen
  • Jun 2025COMPENSATION AND PENALTY ON REDUCING CEILING HEIGHT AND CARPET AREAS.disposed
  • May 2025DELAY & REDUCTION IN CEILING HT & CARPET AREAS BY 15% OF AGREEMENT & COMPENSATION of DELAY BY SIX YEARS @14% Odisposed
  • Nov 2024More than 3 year delay in handover and additional OC charges in final paymentdisposed
  • Jul 2024Delay in Completion and Possession; Need Interest on Delayed perioddisposed
  • Jun 2024FAST REGISTRATION OF MY COMPLETED FLATdisposed
  • May 2024Project delay compensation and breach of agreementdisposed
  • Nov 2023Delay in project and flat handoverdisposed
  • Aug 2023RETURN OF AMOUNT AND COMPENSATIONdisposed
  • Aug 2022NO RESPONSE FROM DEVELOPERdisposed
Complaints by status
Open / under enquiry
1
Disposed (adjudicating officer)
2
Disposed (Authority)
7

Red flags to resolve in writing

1
Timeline

Registration extended 3 times: original completion 2020-06-30, now 2025-03-31.

2
Timeline

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

3
Timeline

10 K-RERA complaints on this registration.

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 · 20 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/309/PR/171026/000415 · promoter REDDY HOUSING PRIVATE LIMITED (Company) · EX/PRM/KA/RERA/1251/309/PR/211229/000415
Dates
Start 2016-03-01 · original completion 2020-06-30 · 3 extensions: Covid Extension → 2021-03-30, Section 6 Extension → 2022-03-30, Further Extension → 2025-03-31 · current date has passed
Progress
29% complete per registration-time status
Registered cost
Total ₹265 cr · land ₹31.56 cr · construction ₹233 cr
RERA bank account
HDFC, Richmond Road (70% construction account)
Money at registration
collected ₹10.50 cr · used ₹75.83 cr · balance ₹0.00 cr · delay declared: No
Land & towers
5.20 acres (21,043 sq m) · Block - 1 59 homes, 14 floors; BLOCK - 2 59 homes, 14 floors; BLOCK - 3 57 homes, 14 floors; BLOCK - 4 85 homes, 14 floors; BLOCK - 5 83 homes, 14 floors; BLOCK - 6 57 homes, 14 floors; BLOCK - 7 86 homes, 14 floors; BLOCK - 8 59 homes, 14 floors
Litigation declared
None declared in filings
K-RERA complaints
10 on this registration (1 open) · 14 on the promoter entity across all its projects
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/309/PR/171026/000415, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 10 on this project

2025-09-08 · 01146/2025
INTEREST FOR DELAY, DIRECTION TO REGISTER, ATTEND QUALITY DEFICIENCIES — POSTED FOR ORDERS AUTHORITY BENCH4
2025-06-10 · 00795/2025
COMPENSATION AND PENALTY ON REDUCING CEILING HEIGHT AND CARPET AREAS. — DISPOSED AO (ADJUDICATING OFFICER)
2025-05-29 · 00789/2025
DELAY & REDUCTION IN CEILING HT & CARPET AREAS BY 15% OF AGREEMENT & COMPENSATION of DELAY BY SIX YEARS @14% OF MY AMT DEPOsit & STILL PENDING BESCOM DOMESTIC CONNECTION & ENERGY METER INSTALLMENT . — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2024-11-19 · 01215/2024
More than 3 year delay in handover and additional OC charges in final payment — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2024-07-02 · 00656/2024
Delay in Completion and Possession; Need Interest on Delayed period — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2024-06-20 · 00620/2024
FAST REGISTRATION OF MY COMPLETED FLAT — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2024-05-02 · 00422/2024
Project delay compensation and breach of agreement — DISPOSED AO (ADJUDICATING OFFICER)
2023-11-04 · 01662/2023
Delay in project and flat handover — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2023-08-22 · 01276/2023
RETURN OF AMOUNT AND COMPENSATION — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-08-22 · CMP/220822/0009925
NO RESPONSE FROM DEVELOPER — DISPOSED AUTHORITY BENCH4 (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/1251/309/PR/171026/000415 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1251/309/PR/171026/000415 (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.
Share on WhatsApp