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

Mana Skanda The Right Life T789

Neobuild Ventures · Sarjapur Road (Carmelaram / Dommasandra) · Sy No 4/3, Chikkavaderapura Village,

Promoter entityNEOBUILD VENTURES LLP
Entity type · PANPartnership Firm · AAVFN0923E
Developer brandNeobuild Ventures · #141 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/308/PR/210325/007611
Planning authorityBDA - Bangalore Development Authority
Sanctioned planBDA/EM/EO-1/TA-4/EAST/56/2024-25 · 2025-02-19
Escrow bankICICI Bank, Dommasandra, Sarjapura Main Road, Bangalore
Land31.19 acres · 27 land owners on record
Court cases declared0
Complaints at K-RERA1 on this project · 2 on the promoter
Record fetchedSep 2026
0 red flags3 to watch4 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/308/PR/210325/007611 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/1251/308/PR/210325/007611 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 red3 watch4 positive
Delivery timeline9/10
no extensions, no overdue dates on the RERA file
Legal & complaints8.5/10
1 RERA complaint on the project (−0.5)
Money to finish8/10
finance cost is 4% of the registered budget; last quarter: collected ₹18.16 cr, withdrew ₹16.45 cr
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/1251/308/PR/210325/007611 · NEOBUILD VENTURES LLP
On original date
RegisteredMar 2025TodaySep 2026Original completionDec 2029
Construction22%
quarterly filing Q1 2026-27 (submitted 2026-07-15)
Homes booked287 / 755
468 still available
Sold vs built38% vs 22%
Sales and construction are broadly in step.
Money through the RERA account
Collected ₹37.96 CrWithdrawn ₹28.71 CrQ3 2025-2637.96 Cr28.71 CrCollected ₹29.38 CrWithdrawn ₹19.05 CrQ4 2025-2629.38 Cr19.05 CrCollected ₹18.16 CrWithdrawn ₹16.45 CrQ1 2026-2718.16 Cr16.45 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Sub-structure flooring
    0%
  • Retaining wall
    0%
  • Masonry Construction
    0%
  • Plastering inside , outside & Ceiling
    0%
  • Joinery: Doors, Windows, Ventilators etc
    0%
  • Basic work of Water supply, Sanitary and E
    0%
No litigation declared1 complaintsEscrow: ICICI BankJoint-development land
Credit ratings of the people behind it

No public credit rating located for the promoter.

NEOBUILD VENTURES LLP: no public rating located

Complaints & disputes on record
On this project1– open
On the promoter entity2all projects
Court cases declared0no stay recorded
At a glance
On its original RERA date

On its original RERA completion date: 2029-12-31

22% built, 38% booked

22% built per the latest filing; 287/755 homes booked

1 RERA complaints

1 RERA complaints on this project; 2 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹698 cr — where it goes
Land ₹0 cr · 0%Approvals ₹20 cr · 3%Construction & on-site ₹661 cr · 93%Finance (bank) ₹30 cr · 4%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-15))
2026202720282029Earth work and other leveling preparat78%Foundation footing work55%Upto Plinth Level22%Sub-structure flooring0%Retaining wall0%RCC or MS Framed structure11%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%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 ICICI Bank27 recorded land-owner sharesOwners’ association: not formed

Red flags to resolve in writing

1
Legal

Joint-development land: confirm which units fall in the owners’ share.

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 — 2029-12-31 — and what is the per-month delay compensation?
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. What is the land owners’ share of built area and is the unit in the developer’s share?
Full record: every filed number, line by line1 sections · 13 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/308/PR/210325/007611 · promoter NEOBUILD VENTURES LLP (Partnership Firm) · ACA-3481
Dates
Start 2025-03-01 · original completion 2029-12-31 · no extensions
Progress
22% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 287 of 755 homes booked (468 available)
Registered cost
Total ₹698 cr · land ₹0.00 cr · construction ₹661 cr · bank principal+interest ₹30.00 cr
Borrowing / mortgage declared
Borrowing: No
RERA bank account
ICICI Bank, Dommasandra, Sarjapura Main Road, Bangalore (70% construction account)
Plan sanction
BDA/EM/EO-1/TA-4/EAST/56/2024-25 dated 2025-02-19 · BDA - Bangalore Development Authority
Land & towers
31.19 acres (1,26,210 sq m) · Tower No 7 275 homes, 35 floors; TOWER 8 275 homes, 35 floors; Tower 9 275 homes, 35 floors
Land owners / co-promoters
C DHANASHEKAR (38.0%, Sy 4/5); HEMARAJ C (38.0%, Sy 4/6); C DHANASHEKHAR (38.0%, Sy 4/7); HEMARAJ C (38.0%, Sy 4/8); BHARGAV SUNIL KUMAR PARVATANENI (38.0%, Sy 4/9); RAMANOLTA SRI VARA LAKSHMI (38.0%, Sy 4/10); D R GAYATHRI (38.0%, Sy 5); SKANDAAVANI SHELTERS PVT LTD (38.0%, Sy 57/1) +19 more
Litigation declared
None declared in filings
K-RERA complaints
1 on this registration · 2 on the promoter entity across all its projects (a project-specific LLP; group-level complaints sit under other entities)
Owners’ association
Not yet formed
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/308/PR/210325/007611, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/308/PR/210325/007611 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1251/308/PR/210325/007611 (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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