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

Sowparnika Indradhanush Phase I

Sowparnika · Hoskote / Budigere Cross / Old Madras Road · New Sy. No. 9/1 & 9/2 (Old Sy. No. 9) of Yelachanayakanapura Village , New Sy. No. 129/3 (Old Sy. No. 129/1) of Doddahullur Village

Promoter entitySOWPARNIKA HOMES PRIVATE LIMITED
Entity type · PANCompany · AAUCS5844F
Developer brandSowparnika · #17 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1250/304/PR/230522/004913
Planning authorityLocal Planing Authority
Sanctioned planHPA/CC/137/2021-22 · 2022-03-11
Escrow bankHDFC, OLD AIRPORT ROAD
Land5.34 acres · 1 land owner on record
Court cases declared0
Complaints at K-RERA2 on this project · 2 on the promoter
Record fetchedSep 2026
0 red flags4 to watch5 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1250/304/PR/230522/004913 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/1250/304/PR/230522/004913 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 red4 watch5 positive
Delivery timeline8/10
delivered on the original registration
Legal & complaints8/10
2 RERA complaints on the project (−1); 1 still open
Money to finish9/10
finance cost is 8% of the registered budget; last quarter: collected ₹1.44 cr, withdrew ₹1.44 cr; 99% of homes booked (+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/1250/304/PR/230522/004913 · SOWPARNIKA HOMES PRIVATE LIMITED
Delivered
RegisteredJun 2022TodaySep 2026Original completionMay 2027
Money through the RERA account
Collected ₹1.24 CrWithdrawn ₹1.24 CrQ3 2025-261.24 Cr1.24 CrCollected ₹1.29 CrWithdrawn ₹1.29 CrQ4 2025-261.29 Cr1.29 CrCollected ₹1.44 CrWithdrawn ₹1.44 CrQ1 2026-271.44 Cr1.44 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Electrification, Water supply and Sanitary
    80%
  • Painting
    92%
  • Dadoing, Skirting, Flooring, Tiles work
    95%
  • Railing and Grill fixing
    98%
  • Earth work and other leveling preparation
    100%
  • Foundation footing work
    100%
No litigation declared2 complaints · 1 openNBFC finance 8% of budgetEscrow: HDFCJoint-development land
Credit ratings of the people behind it

No public credit rating located for the promoter.

SOWPARNIKA HOMES PRIVATE LIMITED: no public rating located

Complaints & disputes on record
On this project21 open
On the promoter entity2all projects
Court cases declared0no stay recorded
What complainants raise
  • Illegal site lockout, denial of pre-handover quality inspection by allottee's proxy, and u
  • Not returning back my token amount as promised
At a glance
Delivered

Delivered. RERA registration ran 2022-06-01 → 2027-05-31

2 RERA complaints, 1 open

2 RERA complaints on this project (1 open); 2 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹171 cr — where it goes
Approvals ₹1.1 cr · 1%Construction & on-site ₹163.8 cr · 92%Finance (NBFC) ₹12.8 cr · 7%
No litigation declaredBorrowing declared: YesEscrow at HDFC1 recorded land-owner shareOwners’ association: not formed

Complaint log (K-RERA) · 2 on this project

  • Aug 2026Illegal site lockout, denial of pre-handover quality inspection by allottee's proxy, and unilateral terminatioopen
  • Nov 2022Not returning back my token amount as promiseddisposed
Complaints by status
Open / under enquiry
1
Disposed (Authority)
1

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. Provide the occupancy certificate, khata and title chain for the unit.
  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 line2 sections · 15 items

RERA file · Registration

Registration
PRM/KA/RERA/1250/304/PR/230522/004913 · promoter SOWPARNIKA HOMES PRIVATE LIMITED (Company) · U45400KA2014PTC074654
Dates
Start 2022-06-01 · original completion 2027-05-31 · no extensions
Status
Completed and occupied (per project status); RERA progress fields below are historical
Registered cost
Total ₹171 cr · construction ₹164 cr · NBFC principal+interest ₹12.81 cr (8%)
Borrowing / mortgage declared
Borrowing: Yes · mortgage: Yes
RERA bank account
HDFC, OLD AIRPORT ROAD (70% construction account)
Plan sanction
HPA/CC/137/2021-22 dated 2022-03-11 · Local Planing Authority
Land & towers
5.34 acres (21,625 sq m) · SOWPARNIKA INDRADHANUSH PHASE I 570 homes, 12 floors
Land owners / co-promoters
No. of Basement (1%, Sy Total No. of Parking)
Litigation declared
None declared in filings
K-RERA complaints
2 on this registration (1 open) · 2 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/1250/304/PR/230522/004913, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 2 on this project

2026-08-10 · 00984/2026
Illegal site lockout, denial of pre-handover quality inspection by allottee's proxy, and unilateral termination of Pre-EMI reimbursement support. — UNDER ENQUIRY AUTHORITY FULLBENCH
2022-11-07 · CMP/221107/0010223
Not returning back my token amount as promised — DISPOSED AUTHORITY BENCH6 (AUTHORITY)

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/1250/304/PR/230522/004913 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1250/304/PR/230522/004913 (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