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

Shriram Sapphire

Shriram Properties · Electronic City / Hosur Road / Bommasandra · PID NO-600005711 SITE NO-91 TO 98 AT HBCS LTD NIRGUNA MANDIR LAYOUT, BENGALURU SOUTH, BENGALURU URBAN, KARNATAKA - 560034

Promoter entitySHRIRAM PROPERTIES LIMITED
Entity type · PANCompany · AAFCS5801D
Developer brandShriram Properties · #7 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/310/PR/090224/006616
Planning authorityBMRDA - Bangalore Metropolitan Region Development Authority
Sanctioned planAPA/CC/344/2023-24 · 2023-11-10
Escrow bankHDFC, BENGALURU - RICHMOND ROAD
Land5.65 acres · 2 land owners on record
Court cases declared0
Complaints at K-RERA3 on this project · 123 on the promoter
Record fetchedSep 2026
0 red flags3 to watch4 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/090224/006616 and 3 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/1251/310/PR/090224/006616 and 3 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.

0 red3 watch4 positive
Delivery timeline9/10
no extensions, no overdue dates on the RERA file
Legal & complaints7.5/10
3 RERA complaints on the project (−1.5)
Money to finish9/10
finance cost is 14% of the registered budget; last quarter: collected ₹21.71 cr, withdrew ₹17.22 cr; 100% of homes booked (+1)
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/1251/310/PR/090224/006616 · SHRIRAM PROPERTIES LIMITED
On original date
RegisteredDec 2023TodaySep 2026Original completionNov 2028
Construction56%
quarterly filing Q1 2026-27 (submitted 2026-07-13)
Homes booked414 / 414
0 still available
Sold vs built100% vs 56%
Buyers are well ahead of construction: most money is in, delivery risk sits with the developer.
Money through the RERA account
Collected ₹22.58 CrWithdrawn ₹15.34 CrQ3 2025-2622.58 Cr15.34 CrCollected ₹20.51 CrWithdrawn ₹11.37 CrQ4 2025-2620.51 Cr11.37 CrCollected ₹21.71 CrWithdrawn ₹17.22 CrQ1 2026-2721.71 Cr17.22 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Joinery: Doors, Windows, Ventilators etc
    0%
  • Dadoing, Skirting, Flooring, Tiles work
    0%
  • Railing and Grill fixing
    0%
  • Electrification, Water supply and Sanitary
    0%
  • Painting
    0%
  • Fire prevention and fire fighting fitting
    0%
No litigation declared3 complaintsNBFC finance 14% of budgetEscrow: HDFCJoint-development land
Credit ratings of the people behind it
AAAAAABBBBBBCDinvestment grade ◀▶ speculative gradeCRISIL A- / Stable · Shriram Properties Ltd · Apr 2025
Complaints & disputes on record
On this project3– open
On the promoter entity123all projects
Court cases declared0no stay recorded
At a glance
On its original RERA date

On its original RERA completion date: 2028-11-05

56% built, 100% booked

56% built per the latest filing; 414/414 homes booked

3 RERA complaints

3 RERA complaints on this project; 123 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹170 cr — where it goes
Land ₹0 cr · 0%Approvals ₹21.2 cr · 11%Construction & on-site ₹148.8 cr · 77%Finance (NBFC) ₹23 cr · 12%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-13))
20242025202620272028Earth work and other leveling preparat100%Foundation footing work100%Upto Plinth Level95%Sub-structure flooring60%Retaining wall80%RCC or MS Framed structure40%Masonry Construction30%Plastering inside , outside & Ceiling15%Joinery: Doors, Windows, Ventilators e0%Basic work of Water supply, Sanitary a15%Dadoing, Skirting, Flooring, Tiles wor0%Railing and Grill fixing0%Electrification, Water supply and Sani0%Painting0%Fire prevention and fire fighting fitt0%Weather Proof work0%Elevation work0%Internal and External work including l0%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 HDFC2 recorded land-owner sharesOwners’ association: not formed

Red flags to resolve in writing

1
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 — 2028-11-05 — 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/1251/310/PR/090224/006616 · promoter SHRIRAM PROPERTIES LIMITED (Company) · U72200TN2000PLC044560
Dates
Start 2023-12-01 · original completion 2028-11-05 · no extensions
Progress
56% complete per quarterly filing Q1 2026-27 (submitted 2026-07-13) · 414 of 414 homes booked (0 available)
Registered cost
Total ₹170 cr · land ₹0.00 cr · construction ₹149 cr · NBFC principal+interest ₹23.00 cr (14%)
Borrowing / mortgage declared
Borrowing: No
RERA bank account
HDFC, BENGALURU - RICHMOND ROAD (70% construction account)
Plan sanction
APA/CC/344/2023-24 dated 2023-11-10 · BMRDA - Bangalore Metropolitan Region Development Authority
Land & towers
5.65 acres (22,865 sq m) · A 84 homes, 7 floors; B 70 homes, 7 floors; C 62 homes, 7 floors; D 72 homes, 8 floors; E 56 homes, 7 floors; F 70 homes, 7 floors
Land owners / co-promoters
Total No. of Units (84%, Sy No. of Stilts); No. of Basement (1%, Sy Total No. of Parking)
Litigation declared
None declared in filings
K-RERA complaints
3 on this registration · 123 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/1251/310/PR/090224/006616, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/310/PR/090224/006616 (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/090224/006616 (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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