PropertyLensBengaluru · invest
← Project pageFull investment reportChoose “Save as PDF” in the print dialog.
PropertyLensBengaluru · invest
Financial & legal due diligence · public record · 18 Oct 2026

Nitesh Melbourne Park

Nitesh Estates · KR Puram / Mahadevapura / Hoskote Road · Sy No-114(part), 119 & 159 situated at Byrathi Village, Bidarahalli Hobli, off Hennur Main Road

Promoter entityNITESH HOUSING DEVELOPERS PRIVATE LIMITED
Entity type · PANCompany · AACCN6510F
Developer brandNitesh Estates · #31 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/446/PR/170916/000224
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned plannot filed
Escrow bankYES BANK, Kasturba Road
Land10.67 acres
Court cases declared0
Complaints at K-RERA4 on this project · 74 on the promoter
Record fetchedSep 2026
2 red flags1 to watch2 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/170916/000224. 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/1251/446/PR/170916/000224. 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 red1 watch2 positive
Delivery timeline5/10
1 extension on the registration (−2); a registration completion date has already passed (−2)
Legal & complaints9/10
no litigation and no complaints on the RERA file
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/1251/446/PR/170916/000224 · NITESH HOUSING DEVELOPERS PRIVATE LIMITED
Past RERA date
RegisteredOct 2016Original completionMar 2022Covid ext.Dec 2022TodaySep 2026
Construction2%
registration-time status
Collected (at registration)₹15.89 Cr
Spent₹27.43 Cr
Balance with promoter₹0
Delay declaredNo
No litigation declaredNo complaintsEscrow: YES BANK
Credit ratings of the people behind it

No public credit rating located for the promoter.

NITESH HOUSING DEVELOPERS PRIVATE LIMITED: no public rating located

Complaints & disputes on record
On this project40 open
On the promoter entity74all projects
Court cases declared0no stay recorded
What complainants raise
  • Reimbursement of dues and completion & possession of the property
  • Reimbursement of dues and completion & possession of the property
  • Reimbursement of dues and completion & possession of the property
  • Inordinate delay in completion of project and handing over possession - Refund Request
At a glance
Registration extended 1×

Registration extended 1× — from 2022-03-31 to 2022-12-31 (already passed)

2% built

2% built per the latest filing

4 RERA complaints, 0 open

4 RERA complaints on this project (0 open); 74 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹240 cr — where it goes
Land ₹85.7 cr · 36%Construction & on-site ₹153.9 cr · 64%
No litigation declaredBorrowing declared: not statedEscrow at YES BANK

Complaint log (K-RERA) · 4 on this project

  • Jan 2020Reimbursement of dues and completion & possession of the propertydisposed
  • Jan 2020Reimbursement of dues and completion & possession of the propertydisposed
  • Jan 2020Reimbursement of dues and completion & possession of the propertydisposed
  • May 2019Inordinate delay in completion of project and handing over possession - Refund Requestdisposed
Complaints by status
Disposed (adjudicating officer)
4

Red flags to resolve in writing

1
Timeline

RERA completion date 2022-12-31 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 — 2022-12-31 — and what is the per-month delay compensation?
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. Is the land freehold with the developer, and is any part mortgaged?
Full record: every filed number, line by line2 sections · 13 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/446/PR/170916/000224 · promoter NITESH HOUSING DEVELOPERS PRIVATE LIMITED (Company) · U45201KA2007PTC044553
Dates
Start 2016-10-17 · original completion 2022-03-31 · 1 extension: Covid Extension → 2022-12-31 · current date has passed
Progress
2% complete per registration-time status
Registered cost
Total ₹240 cr · land ₹85.68 cr · construction ₹154 cr
RERA bank account
YES BANK, Kasturba Road (70% construction account)
Money at registration
collected ₹15.89 cr · used ₹27.43 cr · balance ₹0.00 cr · delay declared: No
Land & towers
10.67 acres (43,199 sq m) · Block A 40 homes, 4 floors; Block B 40 homes, 4 floors; Block C 40 homes, 4 floors; Block D 50 homes, 4 floors; Block E 50 homes, 4 floors; Block F 50 homes, 4 floors; Block G 40 homes, 4 floors; Block H 45 homes, 4 floors; Block I 40 homes, 4 floors; Block J 40 homes, 4 floors; Block K 45 homes, 4 floors; Block L 10 homes, 4 floors
Litigation declared
None declared in filings
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/446/PR/170916/000224, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 4 on this project

2020-01-20 · CMP/200120/0005266
Reimbursement of dues and completion & possession of the property — DISPOSED AO (ADJUDICATING OFFICER)
2020-01-16 · CMP/200116/0005236
Reimbursement of dues and completion & possession of the property — DISPOSED AO (ADJUDICATING OFFICER)
2020-01-13 · CMP/200113/0005213
Reimbursement of dues and completion & possession of the property — DISPOSED AO (ADJUDICATING OFFICER)
2019-05-13 · CMP/190513/0002972
Inordinate delay in completion of project and handing over possession - Refund Request — 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/1251/446/PR/170916/000224 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1251/446/PR/170916/000224 (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.
Share on WhatsApp