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 Palatium

Reddy Structures · Electronic City / Hosur Road / Bommasandra · MAHAVEER PALATIUM, GIDDENAHALLI VILLAGE, MAHANTALINGAPURA VILLAGE

Promoter entityREDDY STRUCTURES PRIVATE LIMITED
Entity type · PANCompany · AACCR6953L
Developer brandReddy Structures · #43 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/308/PR/171015/000357
Planning authorityBMRDA - Bangalore Metropolitan Region Development Authority
Sanctioned plannot filed
Escrow bankHDFC, RICHMOND ROAD
Land121.58 acres
Court cases declared0
Complaints at K-RERA76 on this project · 102 on the promoter
Record fetchedSep 2026
4 red flags0 to watch2 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/308/PR/171015/000357. 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/171015/000357. 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 red0 watch2 positive
Delivery timeline3/10
2 extensions on the registration (−4); a registration completion date has already passed (−2)
Legal & complaints6/10
76 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/1251/308/PR/171015/000357 · REDDY STRUCTURES PRIVATE LIMITED
Past RERA date
RegisteredApr 2014Original completionAug 2019Section 6 ext.Aug 2020Covid ext.Feb 2021TodaySep 2026
Construction70%
registration-time status
Collected (at registration)₹95.21 Cr
Spent₹184.44 Cr
Balance with promoter₹0
Delay declaredNo
No litigation declared76 complaints · 0 openEscrow: 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 project760 open
On the promoter entity102all projects
Court cases declared0no stay recorded
What complainants raise
  • Regarding Discrepancy in Site Boundary Measurements – Mahaveer Palatium
  • Refund of deposit
  • Delay in Project Development/Completion and Compensation for the delay
  • Pending Amenities and Compensation and litigation on Survey no 12
At a glance
Registration extended 2×

Registration extended 2× — from 2019-08-31 to 2020-08-31 (already passed)

70% built

70% built per the latest filing

76 RERA complaints, 0 open

76 RERA complaints on this project (0 open); 102 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 ₹100.8 cr · 38%Construction & on-site ₹164.1 cr · 62%
No litigation declaredBorrowing declared: not statedEscrow at HDFC

Complaint log (K-RERA) · 76 on this project

  • Jun 2025Regarding Discrepancy in Site Boundary Measurements – Mahaveer Palatiumdisposed
  • Nov 2023Refund of depositdisposed
  • May 2022Delay in Project Development/Completion and Compensation for the delaydisposed
  • Apr 2022Pending Amenities and Compensation and litigation on Survey no 12disposed
  • Apr 2022Delay in Project Development/Completion and Compensation for the delaydisposed
  • Apr 2022Undeveloped layoutdisposed
  • Apr 2022Delay in project development/completion and compensation for the delaydisposed
  • Mar 2022Delayed Completiondisposed
  • Feb 2022Delay in Project Development/Completion and Compensation for the delaydisposed
  • Feb 2022Project delayed and negligible development done from the date of purchasedisposed
  • Feb 2022Delay in Project develwopment/completion and compensation for the delaydisposed
  • Feb 2022Delay in Project Development/completion and compensation for the delaydisposed
Complaints by status
Disposed (Authority)
75
Disposed (adjudicating officer)
1

Red flags to resolve in writing

1
Timeline

Registration extended 2 times: original completion 2019-08-31, now 2020-08-31.

2
Timeline

RERA completion date 2020-08-31 has passed without a completion application.

3
Timeline

76 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 — 2020-08-31 — 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 · 35 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/308/PR/171015/000357 · promoter REDDY STRUCTURES PRIVATE LIMITED (Company) · EX/PRM/KA/RERA/1251/308/PR/210401/000357
Dates
Start 2014-04-01 · original completion 2019-08-31 · 2 extensions: Covid Extension → 2021-02-28, Section 6 Extension → 2020-08-31 · current date has passed
Progress
70% complete per registration-time status
Registered cost
Total ₹265 cr · land ₹101 cr · construction ₹164 cr
RERA bank account
HDFC, RICHMOND ROAD (70% construction account)
Money at registration
collected ₹95.21 cr · used ₹184 cr · balance ₹0.00 cr · delay declared: No
Land & towers
121.58 acres (4,92,031 sq m)
Litigation declared
None declared in filings
K-RERA complaints
76 on this registration (0 open) · 102 on the promoter entity across all its projects
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/308/PR/171015/000357, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 76 on this project

2025-06-12 · 00838/2025
Regarding Discrepancy in Site Boundary Measurements – Mahaveer Palatium — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2023-11-02 · 01651/2023
Refund of deposit — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-05-09 · CMP/220509/0009436
Delay in Project Development/Completion and Compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-04-20 · CMP/220420/0009370
Pending Amenities and Compensation and litigation on Survey no 12 — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-04-20 · CMP/220420/0009375
Delay in Project Development/Completion and Compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-04-16 · CMP/220416/0009356
Undeveloped layout — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-04-16 · CMP/220416/0009357
Delay in project development/completion and compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-03-21 · CMP/220321/0009195
Delayed Completion — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-23 · CMP/220223/0009051
Delay in Project Development/Completion and Compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-22 · CMP/220222/0009035
Project delayed and negligible development done from the date of purchase — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-17 · CMP/220217/0009018
Delay in Project develwopment/completion and compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-14 · CMP/220214/0009002
Delay in Project Development/completion and compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-09 · CMP/220209/0008990
Delay in Project Development/Completion and Compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-08 · CMP/220208/0008987
Completion due date expired, Delay in completion of Basic Amenities and Compensation for the delay. — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-08 · CMP/220208/0008988
Pending Amenities and Compensation — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-07 · CMP/220207/0008978
Delay in Project Development/Completion and Compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-07 · CMP/220207/0008980
Delay in Project Development/Completion and Compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-07 · CMP/220207/0008981
Pending Amenities and Compensation — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-07 · CMP/220207/0008982
Delay in Project Development/Completion and Compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-05 · CMP/220205/0008962
Promised amenities and Specifications nor Delivered — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-04 · CMP/220204/0008945
Delay in Project development /completion and compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-04 · CMP/220204/0008946
Delay in Project Development/Completion and Compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-04 · CMP/220204/0008947
Delay in project completion and its ameneties — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-04 · CMP/220204/0008948
Delay in Project Development/Completion and Compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-02-04 · CMP/220204/0008949
Delay in Project Development/Competion and compensation for the delay — DISPOSED AUTHORITY BENCH4 (AUTHORITY)

Showing the latest 25 of 76.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/308/PR/171015/000357 (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/171015/000357 (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