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PropertyLensBengaluru · invest

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

Mahaveer Sitara

Mahaveer · Bannerghatta Road / JP Nagar / Arekere · MAHAVEER SITARA, SY. NO. 34/2, PUTTENAHALLI VILLAGE, AREKERE SUB DIVISION

Promoter entitySITARA DEVELOPERS PRIVATE LIMITED

Entity type · PANCompany · AASCS3260K

Developer brandMahaveer · #27 in Bengaluru by RERA registrations

RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/171019/000671

Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike

Sanctioned plannot filed

Escrow bankICICI Bank, M. G. Road

Land5.21 acres

Court cases declared0

Complaints at K-RERA2 on this project · 2 on the promoter

Record fetchedSep 2026

2 red flags2 to watch2 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/171019/000671. 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/171019/000671. 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.

2 red2 watch2 positive

Delivery timeline1/10

3 extensions on the registration (−6); a registration completion date has already passed (−2)

Legal & complaints8/10

2 RERA complaints on the project (−1)

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/171019/000671 · SITARA DEVELOPERS PRIVATE LIMITED

Past RERA date

Construction23%

registration-time status

Collected (at registration)₹4.46 Cr

Spent₹28.73 Cr

Balance with promoter₹0

Delay declaredNo

No litigation declared2 complaints · 0 openEscrow: ICICI Bank

Credit ratings of the people behind it

No public credit rating located for the promoter.

SITARA DEVELOPERS PRIVATE LIMITED: no public rating located

Complaints & disputes on record

On this project20 open

On the promoter entity2all projects

Court cases declared0no stay recorded

What complainants raise

Delay Compensation
Final settlement issues with Mahaveer Builder

At a glance

Registration extended 3×

Registration extended 3× — from 2020-04-30 to 2025-03-31 (already passed)

23% built

23% built per the latest filing

2 RERA complaints, 0 open

2 RERA complaints on this project (0 open); 2 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹123 cr — where it goes

Land ₹4.9 cr · 4%Construction & on-site ₹117.8 cr · 96%

No litigation declaredBorrowing declared: not statedEscrow at ICICI Bank

Complaint log (K-RERA) · 2 on this project

Jul 2025Delay Compensationdisposed
Sep 2024Final settlement issues with Mahaveer Builderdisposed

Complaints by status

Disposed (Authority)

Red flags to resolve in writing

Timeline

Registration extended 3 times: original completion 2020-04-30, now 2025-03-31.

Timeline

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

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 · 12 items

RERA file · Registration

Registration

PRM/KA/RERA/1251/310/PR/171019/000671 · promoter SITARA DEVELOPERS PRIVATE LIMITED (Company) · EX/PRM/KA/RERA/1251/310/PR/211229/000671

Dates

Start 2016-06-01 · original completion 2020-04-30 · 3 extensions: Covid Extension → 2021-01-30, Section 6 Extension → 2021-10-30, Further Extension → 2025-03-31 · current date has passed

Progress

23% complete per registration-time status

Registered cost

Total ₹123 cr · land ₹4.92 cr · construction ₹118 cr

RERA bank account

ICICI Bank, M. G. Road (70% construction account)

Money at registration

collected ₹4.46 cr · used ₹28.73 cr · balance ₹0.00 cr · delay declared: No

Land & towers

5.21 acres (21,068 sq m) · BLOCK - A 54 homes, 12 floors; BLOCK - B 52 homes, 12 floors; BLOCK - C 52 homes, 12 floors; BLOCK - D 59 homes, 12 floors

Litigation declared

None declared in filings

K-RERA complaints

2 on this registration (0 open) · 2 on the promoter entity across all its projects

Completion applied

19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/310/PR/171019/000671, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 2 on this project

2025-07-03 · 00901/2025

Delay Compensation — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)

2024-09-10 · 00872/2024

Final settlement issues with Mahaveer Builder — DISPOSED AUTHORITY BENCH5 (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/171019/000671 (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/171019/000671 (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.