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

Mahindra Newhaven

Mahindra Lifespaces · HSR Layout / BTM / Koramangala fringe · MAHINDRA ZEN Sy No 65 & 116/2, Singasandra Village , Begur Hobli , Bengaluru South , Bengaluru Urban, Karnataka - 560068

Promoter entityMAHINDRA LIFESPACE DEVELOPERS LIMITED
Entity type · PANCompany · AAACG8904C
Developer brandMahindra Lifespaces · #59 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/160425/007668
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned planBBMP/Addl.Dir/JDSOUTH/0043/24-25 · 2025-04-09
Escrow bankAxis Bank, Nitesh Times Square Building No.08, 3rd Floor, M.G. Road, Bangalore
Land2.37 acres
Court cases declared0
Complaints at K-RERA0 on this project · 4 on the promoter
Record fetchedSep 2026
0 red flags0 to watch6 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/160425/007668 and 3 quarterly filings. 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/160425/007668 and 3 quarterly filings. 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.

0 red0 watch6 positive
Delivery timeline9/10
no extensions, no overdue dates on the RERA file
Legal & complaints9/10
no litigation and no complaints on the RERA file
Money to finish9/10
finance cost is 2% of the registered budget; last quarter: collected ₹6.62 cr, withdrew ₹2.90 cr; 87% of homes booked (+1)
Developer strength9/10
CRISIL AA/Stable (Mahindra Lifespace Developers)

Meters are rule-based from the RERA file and public ratings (rules shown under each), not opinions.

Registration
PRM/KA/RERA/1251/310/PR/160425/007668 · MAHINDRA LIFESPACE DEVELOPERS LIMITED
On original date
RegisteredMar 2025TodaySep 2026Original completionDec 2029
Construction5%
quarterly filing Q1 2026-27 (submitted 2026-07-13)
Homes booked103 / 119
16 still available
Sold vs built87% vs 5%
Buyers are well ahead of construction: most money is in, delivery risk sits with the developer.
Money through the RERA account
Collected ₹14.83 CrWithdrawn ₹2.37 CrQ3 2025-2614.83 Cr2.37 CrCollected ₹2.94 CrWithdrawn ₹88.5 LQ4 2025-262.94 Cr88.5 LCollected ₹6.62 CrWithdrawn ₹2.90 CrQ1 2026-276.62 Cr2.90 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Sub-structure flooring
    0%
  • Masonry Construction
    0%
  • Plastering inside , outside & Ceiling
    0%
  • Joinery: Doors, Windows, Ventilators etc
    0%
  • Basic work of Water supply, Sanitary and E
    0%
  • Dadoing, Skirting, Flooring, Tiles work
    0%
No litigation declaredNo complaintsNBFC finance 2% of budgetEscrow: Axis Bank
Credit ratings of the people behind it
AAAAAABBBBBBCDinvestment grade ◀▶ speculative gradeCRISIL AA / Stable · Mahindra Lifespace Developers · Jun 2025
Complaints & disputes on record
On this project0– open
On the promoter entity4all projects
Court cases declared0no stay recorded
At a glance
On its original RERA date

On its original RERA completion date: 2029-12-28

5% built, 87% booked

5% built per the latest filing; 103/119 homes booked

No complaints on this project

No RERA complaints on this project; 4 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹193 cr — where it goes
Land ₹0 cr · 0%Approvals ₹19.5 cr · 10%Construction & on-site ₹130.6 cr · 68%Finance (NBFC) ₹4.1 cr · 2%Other / taxes ₹38.9 cr · 20%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-13))
2026202720282029Earth work and other leveling preparat65%Foundation footing work65%Upto Plinth Level100%Sub-structure flooring0%Retaining wall35%RCC or MS Framed structure1%Masonry Construction0%Plastering inside , outside & Ceiling0%Joinery: Doors, Windows, Ventilators e0%Basic work of Water supply, Sanitary a0%Dadoing, Skirting, Flooring, Tiles wor0%Railing and Grill fixing0%Electrification, Water supply and Sani0%Painting0%Fire prevention and fire fighting fitt0%Weather Proof work0%Wardrobe, Showcase, Kitchen cabinet, P0%Elevation work0%Internal and External work including l0%today
Bars are the filed schedule; filled part is reported progress. Red = past its scheduled end and not complete.
No litigation declaredBorrowing declared: NoEscrow at Axis BankOwners’ association: not formed

Red flags to resolve in writing

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 — 2029-12-28 — 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 line1 sections · 12 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/310/PR/160425/007668 · promoter MAHINDRA LIFESPACE DEVELOPERS LIMITED (Company) · L45200MH1999PLC118949
Dates
Start 2025-03-01 · original completion 2029-12-28 · no extensions
Progress
5% complete per quarterly filing Q1 2026-27 (submitted 2026-07-13) · 103 of 119 homes booked (16 available)
Registered cost
Total ₹193 cr · land ₹0.00 cr · construction ₹131 cr · NBFC principal+interest ₹4.14 cr (2%)
Borrowing / mortgage declared
Borrowing: No
RERA bank account
Axis Bank, Nitesh Times Square Building No.08, 3rd Floor, M.G. Road, Bangalore (70% construction account)
Plan sanction
BBMP/Addl.Dir/JDSOUTH/0043/24-25 dated 2025-04-09 · BBMP - Bruhat Bengaluru Mahanagara Palike
Land & towers
2.37 acres (9,611 sq m) · Wing A 119 homes, 25 floors
Litigation declared
None declared in filings
K-RERA complaints
0 on this registration · 4 on the promoter entity across all its projects
Owners’ association
Not yet formed
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/310/PR/160425/007668, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/310/PR/160425/007668 (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/160425/007668 (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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