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

Nitesh Caesars Palace Phase 2

Nitesh Estates · Kanakapura Road / Talaghattapura / Banashankari 6th · Kanakpura Main Road Raghuvanahalli village , Uttarahalli Hobli

Promoter entityNITESH ESTATES LIMITED
Entity type · PANCompany · AABCN9267C
Developer brandNitesh Estates · #31 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/180509/001675
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned plannot filed
Escrow bankBank of Baroda, Corporate Finance Branch
Land4.92 acres
Court cases declared0
Complaints at K-RERA15 on this project · 17 on the promoter
Record fetchedSep 2026
2 red flags3 to watch3 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/180509/001675. 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/180509/001675. 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 red3 watch3 positive
Delivery timeline7/10
a registration completion date has already passed (−2)
Legal & complaints9/10
3 still open
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/180509/001675 · NITESH ESTATES LIMITED
Past RERA date
RegisteredApr 2011Original completionMar 2018TodaySep 2026
Construction55%
registration-time status
Collected (at registration)₹192.48 Cr
Spent₹126.36 Cr
Balance with promoter₹0
Delay declaredYesTransport and sand strike Working hour restrictions by Karnataka HC Late payment by allottees Acquisition of land by BMRCL Delayed modification sanction
No litigation declaredNo complaintsEscrow: Bank of Baroda
Credit ratings of the people behind it

No public credit rating located for the promoter.

NITESH ESTATES LIMITED: no public rating located

Complaints & disputes on record
On this project153 open
On the promoter entity17all projects
Court cases declared0no stay recorded
What complainants raise
  • Non Compliance of Section 11, incomplete project and non-refund of sinking fund collected
  • Non Compliance of Section 11 and Incomplete project and Non-refund of 40% sinking Fund
  • Non compliance of Section 11 and incomplete project and non refund of 40% sinking fund.
  • INCOMPLETE AND LOW QUALITY OF THE PROJECT
At a glance
On its original RERA date

On its original RERA completion date: 2018-03-31

55% built

55% built per the latest filing

15 RERA complaints, 3 open

15 RERA complaints on this project (3 open); 17 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹161 cr — where it goes
Land ₹50 cr · 31%Construction & on-site ₹111.3 cr · 69%
No litigation declaredBorrowing declared: not statedEscrow at Bank of Baroda

Complaint log (K-RERA) · 15 on this project

  • May 2026Non Compliance of Section 11, incomplete project and non-refund of sinking fund collectedopen
  • May 2026Non Compliance of Section 11 and Incomplete project and Non-refund of 40% sinking Fundopen
  • Feb 2026Non compliance of Section 11 and incomplete project and non refund of 40% sinking fund.open
  • Apr 2024INCOMPLETE AND LOW QUALITY OF THE PROJECTdisposed
  • Mar 2024PROJECT - NITESH LONG ISLAND, DEVANHALLI PENDING COMPLETION SINCE 7 YEARSdisposed
  • Feb 2023Significant delay in completing the project including basic facilities like Electricity, Water, STP, Roads etcdisposed
  • Feb 2023INCOMPLETE AMENITIESdisposed
  • Feb 2023Nitesh Long Island delayed beyond promised datesdisposed
  • Feb 2023Project not completed since of purchase and maintenance being chargeddisposed
  • Feb 2023Non completion of project as per agreement & inability to construct for long timedisposed
  • Feb 2023Major Delay in Nitesh Long Island Project Deliverydisposed
  • Feb 2023project not completed since 10 + years of purchase and repeated reminders for maintenance charges being sent tdisposed
Complaints by status
Open / under enquiry
3
Disposed (adjudicating officer)
1
Disposed (Authority)
11

Red flags to resolve in writing

1
Timeline

RERA completion date 2018-03-31 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 — 2018-03-31 — 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 · 24 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/310/PR/180509/001675 · promoter NITESH ESTATES LIMITED (Company) · U07010KA2004PLC033412
Dates
Start 2011-04-30 · original completion 2018-03-31 · no extensions · current date has passed
Progress
55% complete per registration-time status
Registered cost
Total ₹161 cr · land ₹50.02 cr · construction ₹111 cr
RERA bank account
Bank of Baroda, Corporate Finance Branch (70% construction account)
Money at registration
collected ₹192 cr · used ₹126 cr · balance ₹0.00 cr · delay declared: Yes (Transport and sand strike Working hour restrictions by Karnataka HC Late payment by allottees Acquisition of land by BMRCL Delayed modification sanction)
Land & towers
4.92 acres (19,930 sq m) · E Block 48 homes, 16 floors; F Block 64 homes, 16 floors; G Block 64 homes, 16 floors; H Block 66 homes, 16 floors
Litigation declared
None declared in filings
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/310/PR/180509/001675, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 15 on this project

2026-05-25 · 00577/2026
Non Compliance of Section 11, incomplete project and non-refund of sinking fund collected — UNDER ENQUIRY AUTHORITY FULLBENCH
2026-05-25 · 00578/2026
Non Compliance of Section 11 and Incomplete project and Non-refund of 40% sinking Fund — UNDER ENQUIRY AUTHORITY FULLBENCH
2026-02-19 · 00144/2026
Non compliance of Section 11 and incomplete project and non refund of 40% sinking fund. — UNDER ENQUIRY AUTHORITY FULLBENCH
2024-04-02 · 00351/2024
INCOMPLETE AND LOW QUALITY OF THE PROJECT — DISPOSED AO (ADJUDICATING OFFICER)
2024-03-28 · 00331/2024
PROJECT - NITESH LONG ISLAND, DEVANHALLI PENDING COMPLETION SINCE 7 YEARS — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2023-02-11 · 00201/2023
Significant delay in completing the project including basic facilities like Electricity, Water, STP, Roads etc., — DISPOSED AUTHORITY (AUTHORITY)
2023-02-11 · 00202/2023
INCOMPLETE AMENITIES — DISPOSED AUTHORITY (AUTHORITY)
2023-02-11 · 00203/2023
Nitesh Long Island delayed beyond promised dates — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2023-02-11 · 00204/2023
Project not completed since of purchase and maintenance being charged — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2023-02-09 · 00183/2023
Non completion of project as per agreement & inability to construct for long time — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-02-09 · 00190/2023
Major Delay in Nitesh Long Island Project Delivery — DISPOSED AUTHORITY (AUTHORITY)
2023-02-09 · 00192/2023
project not completed since 10 + years of purchase and repeated reminders for maintenance charges being sent to me — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2023-01-02 · 00001/2023
Non completion of project — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2022-11-10 · CMP/221110/0010240
Project not completed since 9y+ of purchase (2014) & Maintenance being charged — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2022-09-08 · CMP/220908/0009986
Incomplete project — 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/180509/001675 (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/180509/001675 (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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