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PropertyLensBengaluru · invest

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

Sai Metrocity 8th Phase

Sai Reniit Projects · Sarjapur Road (Carmelaram / Dommasandra) · SY NO 28/1 29/2 & 29/5 SAI METROCITY 5TH PAHSE CHIKKANAHALLI /KAMANAHALLI SARJAPURA HOBLI ANEKAL TALUK BANGALORE URBAN DISTRICT

Promoter entitySAI RENIIT PROJECTS PVT LTD

Entity type · PANCompany · AAECD8717C

Developer brandSai Reniit Projects · #93 in Bengaluru by RERA registrations

RERA registrationsRegistration: PRM/KA/RERA/1251/308/PR/310123/005670

Planning authorityBMRDA - Bangalore Metropolitan Region Development Authority

Sanctioned planAPA/LAO/14/22-23 · 2022-09-13

Escrow bankAxis Bank, K T BRANCH HSR 4TH SECTOR

Landarea not filed · 9 land owners on record

Court cases declared0

Complaints at K-RERA1 on this project · 3 on the promoter

Record fetchedSep 2026

2 red flags3 to watch2 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/308/PR/310123/005670. 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/310123/005670. 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 watch2 positive

Delivery timeline5/10

1 extension on the registration (−2); a registration completion date has already passed (−2)

Legal & complaints8.5/10

1 RERA complaint on the project (−0.5)

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/1251/308/PR/310123/005670 · SAI RENIIT PROJECTS PVT LTD

Past RERA date

No litigation declared1 complaintsEscrow: Axis BankJoint-development land

Credit ratings of the people behind it

No public credit rating located for the promoter.

SAI RENIIT PROJECTS PVT LTD: no public rating located

Complaints & disputes on record

On this project1– open

On the promoter entity3all projects

Court cases declared0no stay recorded

At a glance

Registration extended 1×

Registration extended 1× — from 2024-06-30 to 2025-06-25 (already passed)

1 RERA complaints

1 RERA complaints on this project; 3 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹13.75 cr — where it goes

Approvals ₹0.9 cr · 7%Construction & on-site ₹4.5 cr · 33%Other / taxes ₹8.3 cr · 61%

No litigation declaredBorrowing declared: YesEscrow at Axis Bank9 recorded land-owner shares

Red flags to resolve in writing

Timeline

RERA completion date 2025-06-25 has passed without a completion application.

Legal

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

Questions to put to the developer before you sign

Share the latest CA Form 4 and architect Form 5 with the escrow deposit ratio.
Confirm the price list, floor-rise and other charges for the exact unit.
Which date is contractual — 2025-06-25 — and what is the per-month delay compensation?
Confirm there is no litigation on the land or approvals beyond the RERA declaration.
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 · 10 items

RERA file · Registration

Registration

PRM/KA/RERA/1251/308/PR/310123/005670 · promoter SAI RENIIT PROJECTS PVT LTD (Company) · U70100KA2013PTC072016

Dates

Start 2022-12-15 · original completion 2024-06-30 · 1 extension: Section 6 Extension → 2025-06-25 · current date has passed

Registered cost

Total ₹13.75 cr · construction ₹4.50 cr

Borrowing / mortgage declared

Borrowing: Yes · mortgage: Yes

RERA bank account

Axis Bank, K T BRANCH HSR 4TH SECTOR (70% construction account)

Plan sanction

APA/LAO/14/22-23 dated 2022-09-13 · BMRDA - Bangalore Metropolitan Region Development Authority

Land owners / co-promoters

CHANDRASHEAKRA REDDY P K (100.0%, Sy 96/2); T KRISHNAREDDY (100.0%, Sy 96/3); K L NAGESH (100.0%, Sy 97/3); T KRISHNAREDDY (100.0%, Sy 98/2); T KRISHNAREDDY (100.0%, Sy 98/5); CHOWDAPPA (100.0%, Sy 98/3); CHOWDAPPA (100.0%, Sy 98/4); Total Number of Parks and open spaces (4%, Sy Total Area of Parks and Open Spaces) +1 more

Litigation declared

None declared in filings

K-RERA complaints

1 on this registration · 3 on the promoter entity across all its projects

Completion applied

19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/308/PR/310123/005670, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources

Karnataka RERA project record PRM/KA/RERA/1251/308/PR/310123/005670 (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/310123/005670 (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.