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

Mahaveer Highlands

Reddy Structures · Mysore Road / RR Nagar / Kengeri · SY. NO. 34/2, BBMP KATHA NO. 16/34/2, TALAGATTAPURA VILLAGE

Promoter entityREDDY STRUCTURES PRIVATE LIMITED
Entity type · PANCompany · AACCR6953L
Developer brandReddy Structures · #43 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/220922/005266
Planning authorityLocal Planing Authority
Sanctioned planBMICAPA/NAYO-3/Building Sanction/7/2016-17/1496 · 2019-08-07
Escrow bankHDFC, RICHMOND ROAD
Land2.72 acres
Court cases declared0
Complaints at K-RERA1 on this project · 102 on the promoter
Record fetchedSep 2026
0 red flags2 to watch4 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/220922/005266 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/1251/310/PR/220922/005266 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 red2 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)
Money to finish9/10
finance cost is 0% of the registered budget; last quarter: collected ₹13.26 cr, withdrew ₹0.00 cr; 81% 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
PRM/KA/RERA/1251/310/PR/220922/005266 · REDDY STRUCTURES PRIVATE LIMITED
On original date
RegisteredAug 2022TodaySep 2026Original completionMar 2027
Construction87%
quarterly filing Q1 2026-27 (submitted 2026-07-07)
Homes booked252 / 312
60 still available
Sold vs built81% vs 87%
Sales and construction are broadly in step.
Money through the RERA account
Collected ₹14.88 CrWithdrawn ₹0Q3 2025-2614.88 Cr0.0 LCollected ₹4.33 CrWithdrawn ₹0Q4 2025-264.33 Cr0.0 LCollected ₹13.26 CrWithdrawn ₹0Q1 2026-2713.26 Cr0.0 L
Collected from buyersWithdrawn for construction
Latest milestones
  • Internal and External work including lands
    0%
  • Painting
    5%
  • Fire prevention and fire fighting fitting
    30%
  • Elevation work
    30%
  • Joinery: Doors, Windows, Ventilators etc
    40%
  • Sub-structure flooring
    50%
No litigation declared1 complaintsEscrow: HDFC
Credit ratings of the people behind it

No public credit rating located for the promoter.

REDDY STRUCTURES PRIVATE LIMITED: no public rating located

Complaints & disputes on record
On this project1– open
On the promoter entity102all projects
Court cases declared0no stay recorded
At a glance
On its original RERA date

On its original RERA completion date: 2027-03-31

87% built, 81% booked

87% built per the latest filing; 252/312 homes booked

1 RERA complaints

1 RERA complaints on this project; 102 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹82.11 cr — where it goes
Approvals ₹1.2 cr · 1%Construction & on-site ₹68.8 cr · 84%Other / taxes ₹12.2 cr · 15%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-07))
20232024202520262027Earth work and other leveling preparat100%Foundation footing work100%Upto Plinth Level100%Sub-structure flooring50%Retaining wall95%RCC or MS Framed structure95%Masonry Construction95%Plastering inside , outside & Ceiling90%Joinery: Doors, Windows, Ventilators e40%Basic work of Water supply, Sanitary a50%Dadoing, Skirting, Flooring, Tiles wor50%Railing and Grill fixing50%Electrification, Water supply and Sani50%Painting5%Fire prevention and fire fighting fitt30%Elevation work30%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: NoEscrow at HDFCOwners’ association: not formed

Red flags to resolve in writing

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 — 2027-03-31 — 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 line1 sections · 12 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/310/PR/220922/005266 · promoter REDDY STRUCTURES PRIVATE LIMITED (Company) · U07010KA2002PTC031181
Dates
Start 2022-08-01 · original completion 2027-03-31 · no extensions
Progress
87% complete per quarterly filing Q1 2026-27 (submitted 2026-07-07) · 252 of 312 homes booked (60 available)
Registered cost
Total ₹82.11 cr · construction ₹68.75 cr
Borrowing / mortgage declared
Borrowing: No · mortgage: No
RERA bank account
HDFC, RICHMOND ROAD (70% construction account)
Plan sanction
BMICAPA/NAYO-3/Building Sanction/7/2016-17/1496 dated 2019-08-07 · Local Planing Authority
Land & towers
2.72 acres (11,027 sq m) · Block-A 78 homes, 10 floors; Block-B 78 homes, 10 floors; Block-C 78 homes, 10 floors; Block-D 78 homes, 10 floors
Litigation declared
None declared in filings
K-RERA complaints
1 on this registration · 102 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/1251/310/PR/220922/005266, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/310/PR/220922/005266 (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/220922/005266 (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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