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

Mahaveer Turquoise

Reddy Structures · Electronic City / Hosur Road / Bommasandra · MAHAVEER TURQUOISE, SY. NO. 42/1, BASAPURA VILLAGE, BEGUR HOBLI

Promoter entityREDDY STRUCTURES PRIVATE LIMITED
Entity type · PANCompany · AACCR6953L
Developer brandReddy Structures · #43 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/171014/000777
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned plannot filed
Escrow bankHDFC, Richmond road
Land3.55 acres
Court cases declared0
Complaints at K-RERA3 on this project · 102 on the promoter
Record fetchedSep 2026
2 red flags2 to watch2 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/171014/000777. 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/171014/000777. 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 timeline3/10
2 extensions on the registration (−4); a registration completion date has already passed (−2)
Legal & complaints7.5/10
3 RERA complaints on the project (−1.5)
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/171014/000777 · REDDY STRUCTURES PRIVATE LIMITED
Past RERA date
RegisteredSep 2017Original completionDec 2020Covid ext.Sep 2021Section 6 ext.Sep 2022TodaySep 2026
No litigation declared3 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 project30 open
On the promoter entity102all projects
Court cases declared0no stay recorded
What complainants raise
  • GST CONCESSION FOR PMAY BENEFICIARY NOT ADJUSTED IN FINAL SETTLEMENT AS PROMISED
  • Compensation for delay in completion and handing over of flat thereby leading to financial
  • Mahaveer Turquoise
At a glance
Registration extended 2×

Registration extended 2× — from 2020-12-31 to 2022-09-30 (already passed)

3 RERA complaints, 0 open

3 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

No litigation declaredBorrowing declared: not statedEscrow at HDFC

Complaint log (K-RERA) · 3 on this project

  • Apr 2023GST CONCESSION FOR PMAY BENEFICIARY NOT ADJUSTED IN FINAL SETTLEMENT AS PROMISEDdisposed
  • Feb 2023Compensation for delay in completion and handing over of flat thereby leading to financial lossdisposed
  • May 2022Mahaveer Turquoisedisposed
Complaints by status
Disposed (Authority)
3

Red flags to resolve in writing

1
Timeline

Registration extended 2 times: original completion 2020-12-31, now 2022-09-30.

2
Timeline

RERA completion date 2022-09-30 has passed without a completion application.

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 — 2022-09-30 — 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 · 11 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/310/PR/171014/000777 · promoter REDDY STRUCTURES PRIVATE LIMITED (Company) · EX/PRM/KA/RERA/1251/310/PR/220302/000777
Dates
Start 2017-09-01 · original completion 2020-12-31 · 2 extensions: Covid Extension → 2021-09-30, Section 6 Extension → 2022-09-30 · current date has passed
Registered cost
Total ₹45.00 cr · construction ₹45.00 cr
RERA bank account
HDFC, Richmond road (70% construction account)
Land & towers
3.55 acres (14,363 sq m) · BLOCK - A 52 homes, 3 floors; BLOCK - B 78 homes, 3 floors; BLOCK - C 72 homes, 3 floors; BLOCK - D 108 homes, 3 floors
Litigation declared
None declared in filings
K-RERA complaints
3 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/1251/310/PR/171014/000777, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 3 on this project

2023-04-20 · 00527/2023
GST CONCESSION FOR PMAY BENEFICIARY NOT ADJUSTED IN FINAL SETTLEMENT AS PROMISED — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-02-23 · 00231/2023
Compensation for delay in completion and handing over of flat thereby leading to financial loss — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2022-05-24 · CMP/220524/0009520
Mahaveer Turquoise — 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/1251/310/PR/171014/000777 (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/171014/000777 (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.
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