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PropertyLensBengaluru · invest

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

Mahaveer Ranches Phase II

Mahaveer · Electronic City / Hosur Road / Bommasandra · MAHAVEER RANCHES, SY. NO. 4/1, NAGANATHAPURA, , BEGUR HOBLI

Promoter entityREDDY SHELTERS PRIVATE LIMITED

Entity type · PANCompany · AAFCR9751B

Developer brandMahaveer · #27 in Bengaluru by RERA registrations

RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/171015/000427

Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike

Sanctioned plannot filed

Escrow bankHDFC, Richmond Road

Land16.05 acres

Court cases declared0

Complaints at K-RERA6 on this project · 11 on the promoter

Record fetchedSep 2026

4 red flags1 to watch2 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/171015/000427. 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/171015/000427. 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

6 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/1251/310/PR/171015/000427 · REDDY SHELTERS PRIVATE LIMITED

Past RERA date

Construction22%

registration-time status

Collected (at registration)₹3.64 Cr

Spent₹46.42 Cr

Balance with promoter₹0

Delay declaredNo

No litigation declared6 complaints · 1 openEscrow: HDFC

Credit ratings of the people behind it

No public credit rating located for the promoter.

REDDY SHELTERS PRIVATE LIMITED: no public rating located

Complaints & disputes on record

On this project61 open

On the promoter entity11all projects

Court cases declared0no stay recorded

What complainants raise

Refund of Pre-EMI Payments, Liquidated Damages for Delayed Possession as per the terms and
Refund is not received from Mahaveer Ranches
Flat not Handed Over on time.Delayed by more than 1.5 years
Builder has taken the booking amount as per the agreed terms and is not signing the agreem

At a glance

Registration extended 3×

Registration extended 3× — from 2020-12-31 to 2025-03-31 (already passed)

22% built

22% built per the latest filing

6 RERA complaints, 1 open

6 RERA complaints on this project (1 open); 11 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹211 cr — where it goes

Land ₹12.9 cr · 6%Construction & on-site ₹197.9 cr · 94%

No litigation declaredBorrowing declared: not statedEscrow at HDFC

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

Jun 2024Refund of Pre-EMI Payments, Liquidated Damages for Delayed Possession as per the terms and conditions agreed iopen
May 2024Refund is not received from Mahaveer Ranchesdisposed
Apr 2024Flat not Handed Over on time.Delayed by more than 1.5 yearsdisposed
Feb 2024Builder has taken the booking amount as per the agreed terms and is not signing the agreementdisposed
Sep 2022Need full refund with compensation as delay is more than 2.5yearsdisposed
Aug 2021Developer has not refunded consideration amount and buy back amount as per agreementdisposed

Complaints by status

Open / under enquiry

Disposed (Authority)

Red flags to resolve in writing

Timeline

Registration extended 3 times: original completion 2020-12-31, now 2025-03-31.

Timeline

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

Timeline

6 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 — 2025-03-31 — 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 · 16 items

RERA file · Registration

Registration

PRM/KA/RERA/1251/310/PR/171015/000427 · promoter REDDY SHELTERS PRIVATE LIMITED (Company) · EX/PRM/KA/RERA/1251/310/PR/220302/000427

Dates

Start 2015-03-01 · original completion 2020-12-31 · 3 extensions: Covid Extension → 2021-09-30, Section 6 Extension → 2022-09-30, Further Extension → 2025-03-31 · current date has passed

Progress

22% complete per registration-time status

Registered cost

Total ₹211 cr · land ₹12.91 cr · construction ₹198 cr

RERA bank account

HDFC, Richmond Road (70% construction account)

Money at registration

collected ₹3.64 cr · used ₹46.42 cr · balance ₹0.00 cr · delay declared: No

Land & towers

16.05 acres (64,952 sq m) · BLOCK -A4 108 homes, 14 floors; BLOCK - A5 100 homes, 13 floors; BLOCK - B4 106 homes, 13 floors; BLOCK - B5 106 homes, 13 floors

Litigation declared

None declared in filings

K-RERA complaints

6 on this registration (1 open) · 11 on the promoter entity across all its projects

Completion applied

19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/310/PR/171015/000427, fetched 2026-09-15. Figures are the promoter’s own filings.

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

2024-06-12 · 00576/2024

Refund of Pre-EMI Payments, Liquidated Damages for Delayed Possession as per the terms and conditions agreed in the Sale Agreement — POSTED FOR ORDERS AUTHORITY FULLBENCH

2024-05-04 · 00426/2024

Refund is not received from Mahaveer Ranches — DISPOSED AUTHORITY BENCH4 (AUTHORITY)

2024-04-12 · 00374/2024

Flat not Handed Over on time.Delayed by more than 1.5 years — DISPOSED AUTHORITY BENCH4 (AUTHORITY)

2024-02-19 · 00201/2024

Builder has taken the booking amount as per the agreed terms and is not signing the agreement — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)

2022-09-01 · CMP/220901/0009968

Need full refund with compensation as delay is more than 2.5years — DISPOSED AUTHORITY BENCH6 (AUTHORITY)

2021-08-12 · CMP/210812/0008238

Developer has not refunded consideration amount and buy back amount as per agreement — DISPOSED AUTHORITY BENCH6 (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/1251/310/PR/171015/000427 (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/171015/000427 (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.