PropertyLensBengaluru · invest
Financial & legal due diligence · public record · 18 Oct 2026
Mahaveer Horizon
Mahaveer · Whitefield (Hoodi / Varthur Road) · MAHAVEER HORIZON, SY. NO. 44/1, HOODI VILLAGE, KR PURAM HOBLI
Promoter entityRED CORAL PROPERTIES
Entity type · PANPartnership Firm · AALFR9530P
Developer brandMahaveer · #27 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/446/PR/171019/000438
Planning authorityBDA - Bangalore Development Authority
Sanctioned plannot filed
Escrow bankORIENTAL BANK OF COMMERCE, RICHMOND ROAD
Land15.23 acres
Court cases declared0
Complaints at K-RERA16 on this project · 23 on the promoter
Record fetchedSep 2026
3 red flags0 to watch3 positive
Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/171019/000438. 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/1251/446/PR/171019/000438. 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.
3 red0 watch3 positive
Delivery timeline7/10
a registration completion date has already passed (−2)
Legal & complaints6/10
16 RERA complaints on the project (−3)
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/1251/446/PR/171019/000438 · RED CORAL PROPERTIES
Construction84%
registration-time status
Collected (at registration)₹3.89 Cr
Spent₹42.30 Cr
Balance with promoter₹0
Delay declaredNo
No litigation declared16 complaints · 0 openEscrow: ORIENTAL BANK OF COMMERCE
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 project160 open
On the promoter entity23all projects
Court cases declared0no stay recorded
What complainants raise
- Missing Basic Ammenities like Kaveri water, STP, Sewage line, Electricity underground cabl
- Incompletion of amenities and project delivery not on time
- Pending work for club house, common area development, Kaveri water wtp,stp, sewarage line,
- Providing amenities and refund of interest on amount paid for amenities
At a glance
On its original RERA date
On its original RERA completion date: 2018-12-31
84% built
84% built per the latest filing
16 RERA complaints, 0 open
16 RERA complaints on this project (0 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 ₹50.30 cr — where it goes
Land ₹5.1 cr · 10%Construction & on-site ₹45.2 cr · 90%
No litigation declaredBorrowing declared: not statedEscrow at ORIENTAL BANK OF COMMERCE
Complaint log (K-RERA) · 16 on this project
- Jun 2023Missing Basic Ammenities like Kaveri water, STP, Sewage line, Electricity underground cable, clubhousedisposed
- Jun 2023Incompletion of amenities and project delivery not on timedisposed
- Jun 2023Pending work for club house, common area development, Kaveri water wtp,stp, sewarage line, electricity under gdisposed
- Jun 2023Providing amenities and refund of interest on amount paid for amenitiesdisposed
- Jun 2023Pending work for clubhouse, common area, kaveri water, wtp, stp, swearage line, electricity under ground cabledisposed
- Jun 2023Irregular maintainence, kaveri waterand Khata transfedisposed
- Apr 2023Pending works for clubhouse, common area, kaveri water, WTP, STP, Sewage line, play area, gardensdisposed
- Apr 2023Pending amenities for the past 5 years; Pending basic amenities; No effort to complete and form association widisposed
- Apr 2023Pending amenities for the past 5 years. Not even basic amenities like Water, STP functioning. no effort to maidisposed
- Apr 2023pending work for clubhouse,common area, kaveri water,wtp,stp, swearage line, electricity under ground cable, pdisposed
- Apr 2023Pending amenities work STP, WTP , Kaveri water, Garden , Club House, Common area DG and play areadisposed
- Jan 2023All amenities are not yet started / completed as per the sale agreement page 10 & 11, Item 13 & 14.disposed
Red flags to resolve in writing
1
Timeline
RERA completion date 2018-12-31 has passed without a completion application.
2
Timeline
16 K-RERA complaints on this registration.
Questions to put to the developer before you sign
- Share the latest CA Form 4 and architect Form 5 with the escrow deposit ratio.
- Confirm the price list, floor-rise and other charges for the exact unit.
- Which date is contractual — 2018-12-31 — and what is the per-month delay compensation?
- Confirm there is no litigation on the land or approvals beyond the RERA declaration.
- Is the land freehold with the developer, and is any part mortgaged?
Full record: every filed number, line by line2 sections · 26 items
RERA file · Registration
Registration
PRM/KA/RERA/1251/446/PR/171019/000438 · promoter RED CORAL PROPERTIES (Partnership Firm) · Proposed Project End Date at the time of registration :
Dates
Start 2013-09-01 · original completion 2018-12-31 · no extensions · current date has passed
Progress
84% complete per registration-time status
Registered cost
Total ₹50.30 cr · land ₹5.14 cr · construction ₹45.16 cr
RERA bank account
ORIENTAL BANK OF COMMERCE, RICHMOND ROAD (70% construction account)
Money at registration
collected ₹3.89 cr · used ₹42.30 cr · balance ₹0.00 cr · delay declared: No
Land & towers
15.23 acres (61,640 sq m)
Litigation declared
None declared in filings
K-RERA complaints
16 on this registration (0 open) · 23 on the promoter entity across all its projects
Completion applied
19/12/2020
Source: Karnataka RERA project record PRM/KA/RERA/1251/446/PR/171019/000438, fetched 2026-09-15. Figures are the promoter’s own filings.
Complaint log (K-RERA) · 16 on this project
2023-06-28 · 01006/2023
Missing Basic Ammenities like Kaveri water, STP, Sewage line, Electricity underground cable, clubhouse — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-06-28 · 01008/2023
Incompletion of amenities and project delivery not on time — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-06-28 · 01009/2023
Pending work for club house, common area development, Kaveri water wtp,stp, sewarage line, electricity under ground cable, play area, gardens — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-06-28 · 01010/2023
Providing amenities and refund of interest on amount paid for amenities — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-06-28 · 01011/2023
Pending work for clubhouse, common area, kaveri water, wtp, stp, swearage line, electricity under ground cable, play area, gardens --> none of these are completed — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-06-17 · 00936/2023
Irregular maintainence, kaveri waterand Khata transfe — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-04-25 · 00548/2023
Pending works for clubhouse, common area, kaveri water, WTP, STP, Sewage line, play area, gardens — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2023-04-17 · 00499/2023
Pending amenities for the past 5 years; Pending basic amenities; No effort to complete and form association with all funds transfer. — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-04-15 · 00485/2023
Pending amenities for the past 5 years. Not even basic amenities like Water, STP functioning. no effort to maintain well/form association with all funds transfer. — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-04-15 · 00486/2023
pending work for clubhouse,common area, kaveri water,wtp,stp, swearage line, electricity under ground cable, play area, gardens, not completed — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-04-10 · 00442/2023
Pending amenities work STP, WTP , Kaveri water, Garden , Club House, Common area DG and play area — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-01-18 · 00095/2023
All amenities are not yet started / completed as per the sale agreement page 10 & 11, Item 13 & 14. — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-01-17 · 00074/2023
Delayed Project — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2022-11-29 · CMP/221129/0010412
pending work for clubhouse,common area, kaveri water,wtp,stp, swearage line, electricity under ground cable, play area, gardens, not completed — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-09-05 · CMP/220905/0009976
Stalled Development of Project — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-03-24 · CMP/220324/0009243
Pending Amenities for more than 3 years which is stalled — 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/1251/446/PR/171019/000438 (registration file, quarterly updates, complaint register), fetched 2026-09-15
- PropertyLens locality model (market-level estimates)
- Karnataka RERA project records PRM/KA/RERA/1251/446/PR/171019/000438 (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.