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

Ranka Iris

Ranka · Indiranagar / Old Airport Road / Domlur · BBMP KHATHA NO. 37-37A-38, CARVED OUT OF SY.NO. 17/1 AND 17/2, , DOMLUR 2ND STAGE, BANGALORE

Promoter entityDRA DEVELOPERS AND PROJECTS PRIVATE LIMITED
Entity type · PANCompany · AACCD6479P
Developer brandRanka · #72 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/309/PR/260523/005952
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned planBBMP ADD DIR JDNORTH LP 0037 2013 14 · 2013-09-02
Escrow bankKOTAK MAHINDRA BANK, INFANTRY ROAD
Land0.25 acres · 4 land owners on record
Court cases declared0
Complaints at K-RERA0 on this project · 0 on the promoter
Record fetchedSep 2026
2 red flags1 to watch4 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/309/PR/260523/005952 and 2 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/1251/309/PR/260523/005952 and 2 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.

2 red1 watch4 positive
Delivery timeline8/10
1 extension on the registration (−2); a registration completion date has already passed (−2); project reported ≥95% complete
Legal & complaints9/10
no litigation and no complaints on the RERA file
Money to finish7/10
finance cost is 0% of the registered budget; last quarter withdrew ₹2.81 cr against ₹0.00 cr collected (−1)
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/1251/309/PR/260523/005952 · DRA DEVELOPERS AND PROJECTS PRIVATE LIMITED
Past RERA date
RegisteredJan 2014Original completionApr 2025Section 6 ext.Apr 2026TodaySep 2026
Construction96%
quarterly filing Q4 2025-26 (submitted 2026-04-15)
Homes booked8 / 13
5 still available
Sold vs built62% vs 96%
Sales and construction are broadly in step.
Money through the RERA account
Collected ₹2.47 CrWithdrawn ₹3.80 CrQ3 2025-262.47 Cr3.80 CrCollected ₹0Withdrawn ₹2.81 CrQ4 2025-260.0 L2.81 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Earth work and other leveling preparation
    100%
  • Foundation footing work
    100%
  • Upto Plinth Level
    100%
  • Sub-structure flooring
    100%
  • Retaining wall
    100%
  • RCC or MS Framed structure
    100%
No litigation declaredNo complaintsEscrow: KOTAK MAHINDRA BANKJoint-development land
Credit ratings of the people behind it

No public credit rating located for the promoter.

DRA DEVELOPERS AND PROJECTS PRIVATE LIMITED: no public rating located

Complaints & disputes on record
On this project00 open
On the promoter entity0all projects
Court cases declared0no stay recorded
At a glance
Registration extended 1×

Registration extended 1× — from 2025-04-30 to 2026-04-30 (already passed)

96% built, 62% booked

96% built per the latest filing; 8/13 homes booked

No complaints on this project

No RERA complaints on this project; 0 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹53.22 cr — where it goes
Approvals ₹0.3 cr · 1%Construction & on-site ₹26 cr · 49%Other / taxes ₹26.9 cr · 51%
Construction programme as filed (quarterly filing Q4 2025-26 (submitted 2026-04-15))
2014201520162017201820192020202120222023202420252026Earth work and other leveling preparat100%Foundation footing work100%Upto Plinth Level100%Sub-structure flooring100%Retaining wall100%RCC or MS Framed structure100%Masonry Construction100%Plastering inside , outside & Ceiling100%Joinery: Doors, Windows, Ventilators e100%Basic work of Water supply, Sanitary a100%Dadoing, Skirting, Flooring, Tiles wor100%Railing and Grill fixing100%Electrification, Water supply and Sani100%Painting100%Fire prevention and fire fighting fitt100%Elevation work100%Internal and External work including l100%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 KOTAK MAHINDRA BANK4 recorded land-owner sharesOwners’ association: not formed

Red flags to resolve in writing

1
Timeline

RERA completion date 2026-04-30 has passed without a completion application.

2
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 — 2026-04-30 — 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/1251/309/PR/260523/005952 · promoter DRA DEVELOPERS AND PROJECTS PRIVATE LIMITED (Company) · U70102KA2007PTC042299
Dates
Start 2014-01-01 · original completion 2025-04-30 · 1 extension: Section 6 Extension → 2026-04-30 · current date has passed
Progress
96% complete per quarterly filing Q4 2025-26 (submitted 2026-04-15) · 8 of 13 homes booked (5 available)
Registered cost
Total ₹53.22 cr · construction ₹26.00 cr
Borrowing / mortgage declared
Borrowing: No
RERA bank account
KOTAK MAHINDRA BANK, INFANTRY ROAD (70% construction account)
Plan sanction
BBMP ADD DIR JDNORTH LP 0037 2013 14 dated 2013-09-02 · BBMP - Bruhat Bengaluru Mahanagara Palike
Land & towers
0.25 acres (1,000 sq m) · RANKA IRIS 13 homes, 13 floors
Land owners / co-promoters
DRA DEVELOPERS AND PROJECTS PVT LTD (100.0%, Sy 72 30 37 37A 38); TOTAL (13%, Sy 2452); Total No. of Units (13%, Sy No. of Stilts); No. of Basement (3%, Sy Total No. of Parking)
Litigation declared
None declared in filings
K-RERA complaints
0 on this registration (0 open) · 0 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/1251/309/PR/260523/005952, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/309/PR/260523/005952 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1251/309/PR/260523/005952 (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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