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

Mahaveer Zephyr Phase II

Mahaveer · HSR Layout / BTM / Koramangala fringe · MAHAVEER ZEPHYR, SY. NO. 25, KODICHIKKANAHALLI,, BEGUR HOBLI

Promoter entityREDDY HOUSING PRIVATE LIMITED
Entity type · PANCompany · AAFCR9749B
Developer brandMahaveer · #27 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/171015/000461
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned plannot filed
Escrow bankORIENTAL BANK OF COMMERCE, RICHMOND ROAD
Land3.85 acres
Court cases declared0
Complaints at K-RERA2 on this project · 14 on the promoter
Record fetchedSep 2026
1 red flags2 to watch3 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/171015/000461. 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/171015/000461. 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.

1 red2 watch3 positive
Delivery timeline7/10
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/171015/000461 · REDDY HOUSING PRIVATE LIMITED
Past RERA date
RegisteredMay 2014Original completionMay 2018TodaySep 2026
Construction77%
registration-time status
Collected (at registration)₹65.01 Cr
Spent₹102.87 Cr
Balance with promoter₹0
Delay declaredNo
No litigation declared2 complaints · 0 openEscrow: ORIENTAL BANK OF COMMERCE
Credit ratings of the people behind it

No public credit rating located for the promoter.

REDDY HOUSING PRIVATE LIMITED: no public rating located

Complaints & disputes on record
On this project20 open
On the promoter entity14all projects
Court cases declared0no stay recorded
What complainants raise
  • Builder not completed the project as aggreeed
  • Request for compensation for deficiency in project delivered
At a glance
On its original RERA date

On its original RERA completion date: 2018-05-31

77% built

77% built per the latest filing

2 RERA complaints, 0 open

2 RERA complaints on this project (0 open); 14 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹134 cr — where it goes
Land ₹29.9 cr · 22%Construction & on-site ₹103.8 cr · 78%
No litigation declaredBorrowing declared: not statedEscrow at ORIENTAL BANK OF COMMERCE

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

  • Aug 2024Builder not completed the project as aggreeeddisposed
  • Apr 2022Request for compensation for deficiency in project delivereddisposed
Complaints by status
Disposed (adjudicating officer)
2

Red flags to resolve in writing

1
Timeline

RERA completion date 2018-05-31 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 — 2018-05-31 — 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 · 12 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/310/PR/171015/000461 · promoter REDDY HOUSING PRIVATE LIMITED (Company) · Proposed Project End Date at the time of registration :
Dates
Start 2014-05-01 · original completion 2018-05-31 · no extensions · current date has passed
Progress
77% complete per registration-time status
Registered cost
Total ₹134 cr · land ₹29.92 cr · construction ₹104 cr
RERA bank account
ORIENTAL BANK OF COMMERCE, RICHMOND ROAD (70% construction account)
Money at registration
collected ₹65.01 cr · used ₹103 cr · balance ₹0.00 cr · delay declared: No
Land & towers
3.85 acres (15,580 sq m) · BLOCK D 64 homes, 3 floors; BLOCK E 64 homes, 3 floors
Litigation declared
None declared in filings
K-RERA complaints
2 on this registration (0 open) · 14 on the promoter entity across all its projects
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/310/PR/171015/000461, fetched 2026-09-15. Figures are the promoter’s own filings.

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

2024-08-28 · 00805/2024
Builder not completed the project as aggreeed — DISPOSED AO (ADJUDICATING OFFICER)
2022-04-01 · CMP/220401/0009298
Request for compensation for deficiency in project delivered — 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/1251/310/PR/171015/000461 (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/171015/000461 (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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