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 Promenade

Reddy Structures · Whitefield (Hoodi / Varthur Road) · MAHAVEER PROMENADE, SY. NO. 14, SADARAMANGALA VILLAGE, KR PURAM HOBLI

Promoter entityREDDY STRUCTURES PRIVATE LIMITED
Entity type · PANCompany · AACCR6953L
Developer brandReddy Structures · #43 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/446/PR/171015/000455
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned plannot filed
Escrow bankICICI Bank, MG ROAD
Land3.6 acres
Court cases declared0
Complaints at K-RERA6 on this project · 102 on the promoter
Record fetchedSep 2026
3 red flags0 to watch3 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/171015/000455. 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/171015/000455. 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
6 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/171015/000455 · REDDY STRUCTURES PRIVATE LIMITED
Past RERA date
RegisteredJul 2013Original completionMar 2019TodaySep 2026
Construction65%
registration-time status
Collected (at registration)₹34.16 Cr
Spent₹64.56 Cr
Balance with promoter₹0
Delay declaredNo
No litigation declared6 complaints · 0 openEscrow: ICICI Bank
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 project60 open
On the promoter entity102all projects
Court cases declared0no stay recorded
What complainants raise
  • Refund of GST Amount
  • REFUND OF EXTRA PAID GST AMOUNT
  • REFUND OF EXTRA GST 4% CHARGED
  • Refund of GST amount
At a glance
On its original RERA date

On its original RERA completion date: 2019-03-31

65% built

65% built per the latest filing

6 RERA complaints, 0 open

6 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 ₹98.84 cr — where it goes
Land ₹7 cr · 7%Construction & on-site ₹91.9 cr · 93%
No litigation declaredBorrowing declared: not statedEscrow at ICICI Bank

Complaint log (K-RERA) · 6 on this project

  • Jul 2021Refund of GST Amountdisposed
  • Feb 2021REFUND OF EXTRA PAID GST AMOUNTdisposed
  • Jan 2021REFUND OF EXTRA GST 4% CHARGEDdisposed
  • Jan 2021Refund of GST amountdisposed
  • Dec 2020refund extra gst amount chargeddisposed
  • Mar 2020Refund of GST amountdisposed
Complaints by status
Disposed (Authority)
3
Disposed (adjudicating officer)
3

Red flags to resolve in writing

1
Timeline

RERA completion date 2019-03-31 has passed without a completion application.

2
Timeline

6 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 — 2019-03-31 — 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 · 16 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/446/PR/171015/000455 · promoter REDDY STRUCTURES PRIVATE LIMITED (Company) · Proposed Project End Date at the time of registration :
Dates
Start 2013-07-01 · original completion 2019-03-31 · no extensions · current date has passed
Progress
65% complete per registration-time status
Registered cost
Total ₹98.84 cr · land ₹6.96 cr · construction ₹91.88 cr
RERA bank account
ICICI Bank, MG ROAD (70% construction account)
Money at registration
collected ₹34.16 cr · used ₹64.56 cr · balance ₹0.00 cr · delay declared: No
Land & towers
3.60 acres (14,568 sq m) · BLOCK - A 63 homes, 10 floors; BLOCK - B 232 homes, 10 floors
Litigation declared
None declared in filings
K-RERA complaints
6 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/1251/446/PR/171015/000455, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 6 on this project

2021-07-01 · CMP/210701/0008086
Refund of GST Amount — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2021-02-01 · CMP/210201/0007547
REFUND OF EXTRA PAID GST AMOUNT — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2021-01-17 · CMP/210117/0007459
REFUND OF EXTRA GST 4% CHARGED — DISPOSED AO (ADJUDICATING OFFICER)
2021-01-15 · CMP/210115/0007039
Refund of GST amount — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2020-12-26 · CMP/201226/0007330
refund extra gst amount charged — DISPOSED AO (ADJUDICATING OFFICER)
2020-03-05 · CMP/200305/0005643
Refund of GST amount — DISPOSED AO (ADJUDICATING OFFICER)

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/171015/000455 (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/171015/000455 (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