PropertyLensBengaluru · invest
Financial & legal due diligence · public record · 18 Oct 2026
Shriram Blue
Shriram Properties · Whitefield (Hoodi / Varthur Road) · SY.NO.11 (P) OF SEEGEHALLI VILLAGE, , K.R.PURAM HOBLI, BANGALORE EAST
Promoter entityMAARS INFRA DEVELOPERS PRIVATE LIMITED
Entity type · PANCompany · AAGCM3849L
Developer brandShriram Properties · #7 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/446/PR/180728/001966
Planning authorityBDA - Bangalore Development Authority
Sanctioned plannot filed
Escrow bankYES BANK, Kasturba Road
Land8.59 acres
Court cases declared0
Complaints at K-RERA32 on this project · 32 on the promoter
Record fetchedSep 2026
4 red flags2 to watch2 positive
Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/180728/001966. 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/180728/001966. 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.
4 red2 watch2 positive
Delivery timeline1/10
3 extensions on the registration (−6); a registration completion date has already passed (−2)
Legal & complaints6/10
32 RERA complaints on the project (−3); 2 still open
Money to finish8/10
finance cost is 0% of the registered budget
Developer strength7.6/10
CRISIL A-/Stable (Shriram Properties Ltd)
Meters are rule-based from the RERA file and public ratings (rules shown under each), not opinions.
Registration
PRM/KA/RERA/1251/446/PR/180728/001966 · MAARS INFRA DEVELOPERS PRIVATE LIMITED
No litigation declared32 complaints · 2 openEscrow: YES BANK
Credit ratings of the people behind it
Complaints & disputes on record
On this project322 open
On the promoter entity32all projects
Court cases declared0no stay recorded
What complainants raise
- Delay in Handing over unit
- Claiming the interest for Delay possession
- Request for Inspection and Verification of All Promised Amenities and Deliverables in Shri
- Interest on delay period
At a glance
Registration extended 3×
Registration extended 3× — from 2021-07-16 to 2023-11-30 (already passed)
32 RERA complaints, 2 open
32 RERA complaints on this project (2 open); 32 on the promoter overall
No litigation declared
No litigation declared in RERA filings
The record, in pictures
RERA file · Registration
Registered project cost ₹329 cr — where it goes
Land ₹9.2 cr · 3%Construction & on-site ₹319.8 cr · 97%
No litigation declaredBorrowing declared: not statedEscrow at YES BANK
Complaint log (K-RERA) · 32 on this project
- Jun 2025Delay in Handing over unitopen
- Nov 2024Claiming the interest for Delay possessionopen
- Sep 2024Request for Inspection and Verification of All Promised Amenities and Deliverables in Shriram Blue Society by disposed
- Mar 2024Interest on delay perioddisposed
- Jan 2024Form N - delay in delivering the posessiondisposed
- Sep 2023Delay in delivery Interestdisposed
- Jul 2023Compensation on Delay and Breach of Agreementdisposed
- Jun 2023Failed to deliver unit i.e C block 602 since April 2022 till Nowdisposed
- May 2023Request for compensation because of delay in handover of apartment within agreed completion timedisposed
- May 2023Compensation for Delayed Possession of Flat in Shriram Bluedisposed
- May 2023Compensation for delay in possession for my apartmentdisposed
- May 2023Builder wrongfully requesting permission for RERA extensiondisposed
Red flags to resolve in writing
1
Timeline
Registration extended 3 times: original completion 2021-07-16, now 2023-11-30.
2
Timeline
RERA completion date 2023-11-30 has passed without a completion application.
3
Timeline
32 K-RERA complaints on this registration.
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 — 2023-11-30 — and what is the per-month delay compensation?
- Confirm there is no litigation on the land or approvals beyond the RERA declaration.
- Is the land freehold with the developer, and is any part mortgaged?
Full record: every filed number, line by line2 sections · 32 items
RERA file · Registration
Registration
PRM/KA/RERA/1251/446/PR/180728/001966 · promoter MAARS INFRA DEVELOPERS PRIVATE LIMITED (Company) · EX/PRM/KA/RERA/1251/446/PR/220604/001966
Dates
Start 2018-07-16 · original completion 2021-07-16 · 3 extensions: Covid Extension → 2022-04-16, Section 6 Extension → 2023-04-16, Further Extension → 2023-11-30 · current date has passed
Registered cost
Total ₹329 cr · land ₹9.18 cr · construction ₹320 cr
RERA bank account
YES BANK, Kasturba Road (70% construction account)
Land & towers
8.59 acres (34,756 sq m) · A 42 homes, 12 floors; B 42 homes, 12 floors; C 42 homes, 12 floors; D 42 homes, 12 floors; E 42 homes, 12 floors; F 48 homes, 12 floors; G 42 homes, 12 floors; H 42 homes, 12 floors; J 45 homes, 12 floors; K 42 homes, 12 floors; L 42 homes, 12 floors
Litigation declared
None declared in filings
K-RERA complaints
32 on this registration (2 open) · 32 on the promoter entity across all its projects
Source: Karnataka RERA project record PRM/KA/RERA/1251/446/PR/180728/001966, fetched 2026-09-15. Figures are the promoter’s own filings.
Complaint log (K-RERA) · 32 on this project
2025-06-30 · 00876/2025
Delay in Handing over unit — POSTED FOR ORDERS AUTHORITY FULLBENCH
2024-11-19 · 01191/2024
Claiming the interest for Delay possession — POSTED FOR ORDERS AUTHORITY FULLBENCH
2024-09-17 · 00899/2024
Request for Inspection and Verification of All Promised Amenities and Deliverables in Shriram Blue Society by Shriram Group — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2024-03-07 · 00254/2024
Interest on delay period — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2024-01-11 · 00052/2024
Form N - delay in delivering the posession — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2023-09-21 · 01465/2023
Delay in delivery Interest — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-07-13 · 01092/2023
Compensation on Delay and Breach of Agreement — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-06-07 · 00910/2023
Failed to deliver unit i.e C block 602 since April 2022 till Now — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-05-30 · 00851/2023
Request for compensation because of delay in handover of apartment within agreed completion time — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-05-18 · 00767/2023
Compensation for Delayed Possession of Flat in Shriram Blue — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-05-09 · 00719/2023
Compensation for delay in possession for my apartment — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-05-08 · 00714/2023
Builder wrongfully requesting permission for RERA extension — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-04-25 · 00555/2023
Delay in Project Handover and almost nil compensation — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-04-20 · 00530/2023
Compensation for Delay in Project Completion and Flat Handover — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-04-18 · 00513/2023
Request for compensation for delay in handover and take action against builder for denying of compensation as per agreement terms — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-04-15 · 00491/2023
Compensation for delay in completion of Project Shriram Blue and handover of our unit B0802 — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2023-04-03 · 00421/2023
Tiles in lieu of Wooden Flooring in Tower F — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-03-16 · 00338/2023
Project delayed by almost 2 year, compensation required — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-03-14 · 00327/2023
Compensation for delay in delivery of the apartment and breach of sale agreement — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-02-27 · 00252/2023
Delay in possession of the flat which led to further expenses to us and mental trauma — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-02-24 · 00247/2023
Compensation due to delay in possession of unit and completion of Project — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-02-24 · 00248/2023
Compensation due to delay in possession of unit and completion of Project — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-02-23 · 00238/2023
IMMEDIATE RELEASE OF DELAY INTEREST, COMPLETION OF PROJECT AND POSSESSION OF UNIT ON OR BEFORE 16- APRIL-2023 — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-02-22 · 00225/2023
Compensation due to delay in possession of unit and completion of Project — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-02-22 · 00227/2023
Compensation for Delay in Completion of Project — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
Showing the latest 25 of 32.
Sources & caveats2 sources
- Karnataka RERA project record PRM/KA/RERA/1251/446/PR/180728/001966 (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/180728/001966 (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.