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

Pursuit of a Radical Rhapsody

Total Environment · Whitefield (Hoodi / ITPL Main Road) · ITPL Main Road, near Hoodi Lake, Whitefield, Bengaluru 560048

Promoter entityTotal Environment Habitat Private Limited
Entity type · PANCompany · AADCT5683N
Developer brandTotal Environment
RERA registrationsPhase 1 (Towers 1–4, villas): PRM/KA/RERA/1251/446/PR/171014/000433 · Phase 2: PRM/KA/RERA/1251/446/PR/190102/002271 · Phase 3: PRM/KA/RERA/1251/446/PR/200817/003551 · Tower 8: PRM/KA/RERA/1251/446/PR/220922/005261 · Tower 5: PRM/KA/RERA/1251/446/PR/281222/005565
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned plannot filed
Escrow bankSTATE BANK OF INDIA, COMMERCIAL BRANCH, BANGALORE
Land36.6 acres
Court cases declared8
Complaints at K-RERA24 on this project · 24 on the promoter
Record fetchedSep 2026
21 red flags31 to watch8 positive

Phase 1 (Towers 1–4 and villas) with the other three POARR registrations where stated. Public records only. 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

Phase 1 (Towers 1–4 and villas) with the other three POARR registrations where stated. Public records only. 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.

21 red31 watch8 positive
Delivery timeline0/10
3 extensions on the registration (−6); a registration completion date has already passed (−2); developer’s own handover plan runs past the registration (−1)
Legal & complaints2/10
2 court cases declared in filings (−3); land litigation declared “Yes” on a registration (−1); 24 RERA complaints on the project (−3); 9 still open
Money to finish1.5/10
Escrow ₹1.35 cr vs ₹165.5 cr cost to complete; phase shortfall on filed numbers; interest 25% over budget.
Developer strength4/10
CRISIL BBB-/Stable (Total Environment Building Systems); CRISIL BBB-/Stable (Total Environment Habitat); documented payment stress to suppliers/employees (−1)

Meters are rule-based from the RERA file and public ratings (rules shown under each), not opinions.

Phase 1 (Towers 1–4, villas)
PRM/KA/RERA/1251/446/PR/171014/000433 · Total Environment Habitat Private Limited
3 extensions
RegisteredOct 2015Original completionJul 2024Covid ext.Apr 2025Section 6 ext.Apr 2026TodaySep 2026Further ext.Apr 2027Developer planDec 2028
Construction75%
quarterly filing Q1 2026-27 (submitted 2026-07-15)
Homes booked543 / 552
9 still available
Sold vs built98% vs 75%
Sales and construction are broadly in step.
Money through the RERA account
Collected ₹11.59 CrWithdrawn ₹11.59 CrQ3 2025-2611.59 Cr11.59 CrCollected ₹14.30 CrWithdrawn ₹12.89 CrQ4 2025-2614.30 Cr12.89 CrCollected ₹23.95 CrWithdrawn ₹23.95 CrQ1 2026-2723.95 Cr23.95 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Basic work of Water supply, Sanitary and E
    45%
  • Joinery: Doors, Windows, Ventilators etc
    47%
  • Wardrobe, Showcase, Kitchen cabinet, Puja
    47%
  • Painting
    47%
  • Sub-structure flooring
    51%
  • Electrification, Water supply and Sanitary
    53%
2 court cases declared20 complaints · 8 openEscrow: STATE BANK OF INDIA
Other registrations in this project4 more · Phase 2, Phase 3, Tower 8, Tower 5
Phase 2
PRM/KA/RERA/1251/446/PR/190102/002271 · Total Environment Habitat Private Limited
1 extension
RegisteredNov 2018Original completionJun 2026TodaySep 2026Covid ext.Mar 2027
Construction51%
quarterly filing Q1 2026-27 (submitted 2026-07-15)
Homes booked243 / 264
21 still available
Sold vs built92% vs 51%
Buyers are well ahead of construction: most money is in, delivery risk sits with the developer.
Money through the RERA account
Collected ₹20.67 CrWithdrawn ₹20.67 CrQ3 2025-2620.67 Cr20.67 CrCollected ₹10.95 CrWithdrawn ₹9.58 CrQ4 2025-2610.95 Cr9.58 CrCollected ₹16.01 CrWithdrawn ₹16.01 CrQ1 2026-2716.01 Cr16.01 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Retaining wall
    0%
  • Plinth level Beam
    0%
  • Internal and External work including lands
    0%
  • Joinery: Doors, Windows, Ventilators etc
    13%
  • Electrification, Water supply and Sanitary
    13%
  • Wardrobe, Showcase, Kitchen cabinet, Puja
    13%
2 court cases declared4 complaints · 1 openEscrow: STATE BANK OF INDIA
Phase 3
PRM/KA/RERA/1251/446/PR/200817/003551 · Total Environment Habitat Private Limited
Past RERA date
RegisteredNov 2018Original completionJun 2026TodaySep 2026
No litigation declaredNo complaintsEscrow: RATNAKAR BANK
Tower 8
PRM/KA/RERA/1251/446/PR/220922/005261 · Total Environment Habitat Pvt. Ltd.
On original date
RegisteredOct 2022TodaySep 2026Original completionSep 2029
Construction9%
quarterly filing Q1 2026-27 (submitted 2026-07-15)
Homes booked307 / 362
55 still available
Sold vs built85% vs 9%
Buyers are well ahead of construction: most money is in, delivery risk sits with the developer.
Money through the RERA account
Collected ₹9.47 CrWithdrawn ₹9.47 CrQ3 2025-269.47 Cr9.47 CrCollected ₹9.02 CrWithdrawn ₹7.75 CrQ4 2025-269.02 Cr7.75 CrCollected ₹10.98 CrWithdrawn ₹10.98 CrQ1 2026-2710.98 Cr10.98 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • RCC or MS Framed structure
    0%
  • Masonry Construction
    0%
  • Plastering inside , outside & Ceiling
    0%
  • Joinery: Doors, Windows, Ventilators etc
    0%
  • Basic work of Water supply, Sanitary and E
    0%
  • Dadoing, Skirting, Flooring, Tiles work
    0%
2 court cases declaredNo complaintsEscrow: STATE BANK OF INDIA
Tower 5
PRM/KA/RERA/1251/446/PR/281222/005565 · Total Environment Habitat Pvt. Ltd.
On original date
RegisteredDec 2022TodaySep 2026Original completionDec 2029
Construction28%
quarterly filing Q1 2026-27 (submitted 2026-07-15)
Homes booked115 / 130
15 still available
Sold vs built88% vs 28%
Buyers are well ahead of construction: most money is in, delivery risk sits with the developer.
Money through the RERA account
Collected ₹8.79 CrWithdrawn ₹8.79 CrQ3 2025-268.79 Cr8.79 CrCollected ₹10.42 CrWithdrawn ₹10.20 CrQ4 2025-2610.42 Cr10.20 CrCollected ₹5.28 CrWithdrawn ₹5.28 CrQ1 2026-275.28 Cr5.28 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Masonry Construction
    0%
  • Plastering inside , outside & Ceiling
    0%
  • Joinery: Doors, Windows, Ventilators etc
    0%
  • Basic work of Water supply, Sanitary and E
    0%
  • Dadoing, Skirting, Flooring, Tiles work
    0%
  • Railing and Grill fixing
    0%
2 court cases declaredNo complaintsEscrow: STATE BANK OF INDIA
Credit ratings of the people behind it
AAAAAABBBBBBCDinvestment grade ◀▶ speculative gradeCRISIL BBB- / Stable ▼ · Total Environment Building Systems (parent) · May 2026CRISIL BBB- / Stable ◌ · Total Environment Habitat (builds POARR) · Mar 2025Acuité BB / Stable · Dommasandra Urban Projects (group SPV) · Sep 2026
Complaints & disputes on record
On this project24– open
On the promoter entity24all projects
Court cases declared2no stay recorded
What complainants raise
  • Non-compliance with the executed Settlement Agreement – non-payment of agreed delay compen
  • Non-payment of compensation due under Settlement Agreement dated 09-Feb-2026 by the Respon
  • Delay in completion and lawful handover of Unit No. 3284 in Pursuit of a Radical Rhapsody
  • Breach of contract on Settlement Agreement signed for payment of penalty for delay in poss
At a glance
Registration extended 3×

Registration extended 3× — from 2024-07-31 to 2027-04-30

75% built, 98% booked

75% built per the latest filing; 543/552 homes booked

24 RERA complaints

24 RERA complaints on this project; 24 on the promoter overall

2 court cases declared

2 court cases declared in RERA filings (no stay recorded)

Towers 1–2 delivered; Tower 4 half built

Towers 1–2 and the villas have partial occupancy certificates; Tower 3 is 71% built and Tower 4 48% built (RERA filing, 15 Jul 2026).

Registration extended 3×; plan runs past it

Phase 1 registration has been extended three times and now runs to 30 Apr 2027 under a Section 7(3) order; the developer’s own Tower 4 handover plan puts 110 of 128 homes after that date.

Escrow nearly empty vs ₹165 cr to finish

The Phase 1 RERA bank account held ₹1.35 cr on 30 Jun 2026 against ₹165.5 cr of cost still to complete.

Phase 1 does not pay for itself

On the promoter’s own certified numbers, Phase 1 collects less than it still needs to spend and repay: a ₹69 cr gap.

Group rated BBB−, downgraded in 2026

Group rating CRISIL BBB−/Stable (lowest investment grade), downgraded from BBB in 2026; the building entity has not been re-rated since March 2025.

No insolvency proceeding found

No insolvency (NCLT/IBBI) proceeding located against either main entity as at 13 Sep 2026.

Suppliers and staff paid late

388 delayed payments to small suppliers in the six months to Mar 2026 (statutory MSME returns) and public employee reports of salary delays.

The record, in pictures

Who you contract with

Total assets₹3,759 cr
Net worth₹108 cr2.9% of assets
Registered charges₹3,838 crexceed assets
Borrowings₹1,342 cr
Cash₹14 cr
Assets vs what is pledged against them (TEHPL, 31 Mar 2025)
Total assets
₹3,759 cr
Registered charges
₹3,838 cr
Net worth
₹108 cr

Phase 1 finances (promoter’s CA certificate, quarter to 30 Jun 2026)

Can Phase 1 pay for itself? (CA certificate, 30 Jun 2026)
Money still to come in (receivables + unsold)
₹357.41 cr
Cost to complete
₹165.53 cr
Repayable to SBI
₹260.99 cr
Shortfall
₹69.11 cr
Receivables ₹291.66 cr + unsold at guideline ₹65.75 cr, against ₹165.53 cr + ₹260.99 cr.
RERA escrow account in the quarter
Opening
₹1.42 cr
Deposited
₹23.88 cr
Withdrawn
₹23.95 cr
Closing
₹1.35 cr
Escrow covers 0.8% of the remaining cost.
Interest on Phase 1
Budgeted
₹444.11 cr
Incurred
₹553.62 cr
₹109.5 cr over budget; 32% of all money ever spent on the phase.
Money in vs work done
Collected of contracted value
83%
Tower 4 built
48%
Most of the money is in; Tower 4 is half built.

Construction and the registration clock

Towers: physical completion (RERA filing, 15 Jul 2026)
Tower 1 · partial OC
98%
Tower 2 · partial OC
88%
Tower 3 · OC applied
71%
Tower 4 · OC applied
48%
Developer’s Tower 4 handover plan (128 homes)
by Jun 2027 18 homes · 13%by Dec 2027 59 homes · 43%during 2028 (after registration expires) 61 homes · 44%
110 of 128 homes fall after the current registration end (30 Apr 2027).

Group accounts and ratings

Operating income FY25₹834 cr−19% YoY
Profit after tax FY25−₹146 crFY24: −₹167 cr
Interest coverage0.29×earnings cover < ⅓ of interest
Adj. debt / net worth−3.49×negative net worth (CRISIL basis)
Group cash, 31 Mar 2026₹183 crper CRISIL

Insolvency, disputes and payment signals

No NCLT / IBBI proceeding388 delayed MSME payments (Oct 25–Mar 26)30 of 222 employee reviews cite salary delaysPre-EMI reimbursements stopped (Dec 24 / Feb 26)HDFC Capital exited May 2024Head of Customer Experience left Aug 2026₹175 cr green NCD raised for another project

RERA file · Phase 1 (Towers 1–4, villas)

Registered project cost ₹1920 cr — where it goes
Land ₹293.3 cr · 15%Construction & on-site ₹945.8 cr · 49%Other / taxes ₹681.1 cr · 35%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-15))
20162017201820192020202120222023202420252026Earth work and other leveling preparat100%Foundation footing work100%Retaining wall95%Plinth level Beam100%Sub-structure flooring51%RCC or MS Framed structure100%Masonry construction: Bricks, Concrete89%Plastering inside , outside & Ceiling87%Joinery: Doors, Windows, Ventilators e47%Basic work of Water supply, Sanitary a45%Dadoing, Skirting, Flooring, Tiles wor57%Railing and Grill fixing56%Electrification, Water supply and Sani53%Wardrobe, Showcase, Kitchen cabinet, P47%Fire prevention and fire fighting fitt60%Weather Proof work72%Painting47%Elevation work88%Internal and External work including l80%today
Bars are the filed schedule; filled part is reported progress. Red = past its scheduled end and not complete.
Civil OS 27087/08/2008 · City Civil Court, CCH 29 · no stayCivil OS 2189/06/2006 · Prl. Senior Civil Judge, Bengaluru Rural · no stayBorrowing declared: not statedEscrow at STATE BANK OF INDIAOwners’ association: not formed

RERA file · Phase 2

Registered project cost ₹994 cr — where it goes
Land ₹144.9 cr · 15%Construction & on-site ₹848.7 cr · 85%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-15))
2020202120222023202420252026Earth work and other leveling preparat70%Foundation footing work60%Retaining wall0%Plinth level Beam0%Sub-structure flooring50%RCC or MS Framed structure78%Masonry construction: Bricks, Concrete81%Plastering inside , outside & Ceiling78%Joinery: Doors, Windows, Ventilators e13%Basic work of Water supply, Sanitary a32%Dadoing, Skirting, Flooring, Tiles wor28%Railing and Grill fixing17%Electrification, Water supply and Sani13%Wardrobe, Showcase, Kitchen cabinet, P13%Fire prevention and fire fighting fitt33%Weather Proof work50%Painting41%Elevation work86%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.
Civil OS 27087/08/2008 · City Civil Court, CCH 29 · no stayCivil OS 2189/06/2006 · Prl. Senior Civil Judge, Bengaluru Rural · no stayBorrowing declared: not statedEscrow at STATE BANK OF INDIAOwners’ association: not formed

RERA file · Phase 3

Registered project cost ₹309 cr — where it goes
Land ₹32.5 cr · 11%Construction & on-site ₹276.7 cr · 89%
No litigation declaredBorrowing declared: not statedEscrow at RATNAKAR BANK

RERA file · Tower 8

Registered project cost ₹938 cr — where it goes
Approvals ₹22.2 cr · 2%Construction & on-site ₹839.7 cr · 90%Other / taxes ₹75.8 cr · 8%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-15))
202320242025202620272028Earth work and other leveling preparat100%Foundation footing work100%Upto Plinth Level100%Sub-structure flooring95%Retaining wall70%RCC or MS Framed structure0%Masonry Construction0%Plastering inside , outside & Ceiling0%Joinery: Doors, Windows, Ventilators e0%Basic work of Water supply, Sanitary a0%Dadoing, Skirting, Flooring, Tiles wor0%Railing and Grill fixing0%Electrification, Water supply and Sani0%Painting0%Fire prevention and fire fighting fitt0%Wardrobe, Showcase, Kitchen cabinet, P0%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.
Civil OS 27087/08/2008 · City Civil Court, CCH 29 · no stayCivil OS 2189/06/2006 · Prl. Senior Civil Judge, Bengaluru Rural · no stayBorrowing declared: NoEscrow at STATE BANK OF INDIA2 recorded land-owner sharesOwners’ association: not formed

RERA file · Tower 5

Registered project cost ₹460 cr — where it goes
Approvals ₹5.7 cr · 1%Construction & on-site ₹410.4 cr · 89%Other / taxes ₹43.8 cr · 10%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-15))
2023202420252026202720282029Earth work and other leveling preparat100%Foundation footing work100%Upto Plinth Level100%Sub-structure flooring100%Retaining wall100%RCC or MS Framed structure93%Masonry Construction0%Plastering inside , outside & Ceiling0%Joinery: Doors, Windows, Ventilators e0%Basic work of Water supply, Sanitary a0%Dadoing, Skirting, Flooring, Tiles wor0%Railing and Grill fixing0%Electrification, Water supply and Sani0%Painting0%Fire prevention and fire fighting fitt0%Wardrobe, Showcase, Kitchen cabinet, P0%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.
Civil OS 27087/08/2008 · City Civil Court, CCH 29 · no stayCivil OS 2189/06/2006 · Prl. Senior Civil Judge, Bengaluru Rural · no stayBorrowing declared: NoEscrow at STATE BANK OF INDIA2 recorded land-owner sharesOwners’ association: not formed

Complaint log (K-RERA) · 24 on this project

  • Sep 2026Non-compliance with the executed Settlement Agreement – non-payment of agreed delay compensationopen
  • Sep 2026Non-payment of compensation due under Settlement Agreement dated 09-Feb-2026 by the Respondent, Total Environmopen
  • Aug 2026Delay in completion and lawful handover of Unit No. 3284 in Pursuit of a Radical Rhapsody Phase 1 and non-paymopen
  • Aug 2026Breach of contract on Settlement Agreement signed for payment of penalty for delay in possessionopen
  • Feb 2026COMPLAINT UNDER PROVISO TO SECTION 18(1) OF THE RERA (REAL ESTATE REGULATION & DEVELOPMENT ACT), 2016, FOR INTopen
  • Aug 2025delay in hand over of the flat hence compensation for the delay and execution and registration of the sale deedisposed
  • Aug 2025Delay in possession of the said unit #3291disposed
  • Aug 2025Delay in Possession and Denied Compensationopen
  • Jul 2025INTEREST ON DELAY PERIODopen
  • Jul 2025Delivery delayedopen
  • May 2025Unfair Withholding of Contractual Commitments and Arbitrary Revisions to Compensation and Rent Supportdisposed
  • Mar 2025Delay in handoverdisposed
Complaints by status
Open / under enquiry
9
Disposed (Authority)
12
Disposed (adjudicating officer)
3

Red flags to resolve in writing

1
Money

Escrow balance of ₹1.35 cr against ₹165.5 cr of remaining Phase 1 cost.

2
Developer

Phase 1 projected to fall short on the promoter’s own numbers (₹69–137 cr depending on the test).

3
Timeline

Three registration extensions; current Section 7(3) order to Apr 2027; Tower 4 plan runs into 2028.

4
Money

Registered charges (₹3,838 cr) exceed the building company’s total assets; net worth ₹108 cr.

5
Money

Group loss-making two years running; interest coverage below 0.5×; parent downgraded in 2026.

6
Timeline

Visible payment stress: MSME delays, employee reports, halted pre-EMI reimbursements.

Questions to put to the developer before you sign

  1. What is the committed funding source for the ₹165.5 cr Phase 1 cost to complete, and when is it drawn?
  2. Will a fourth registration extension be sought, and what happens to agreements if it is refused?
  3. What is the tower-by-tower construction spend plan for the next four quarters, and what protects Tower 4’s share?
  4. Which assets are being monetised, at what value, with whom, and is any term sheet signed?
  5. What are the repayment dates and covenants on the ₹3,066 cr Vistra debentures, and does Phase 1 secure any of it?
  6. Will TEHPL commission a current CRISIL review and share the rationale?
  7. If the 2027–28 plan slips, what protection is offered: bank guarantee, escrow top-up, exchange into a completed tower, or a defined exit?
Full record: every filed number, line by line11 sections · 113 items

Who you contract with

Promoter on RERA
Total Environment Habitat Pvt Ltd (TEHPL), CIN U45201KA2010PTC054651
Parent
Total Environment Building Systems Pvt Ltd (TEBSPL), CIN U45202KA1996PTC020790
TEHPL balance sheet, 31 Mar 2025
Total assets ₹3,759 cr (inventory ₹2,337 cr, fixed assets ₹69 cr, cash ₹14 cr); borrowings ₹1,342 cr; net worth ₹108 cr (2.9% of assets)
Registered charges on TEHPL
₹3,838 cr: Vistra ITCL (debenture trustee) ₹3,066 cr; SBICap Trustee ₹772 cr. Charges exceed total assets.
Debt visible in RERA filings
SBI ₹261 cr against Phase 1 only; the ₹3,066 cr Vistra debenture charge does not appear in the project certificates

RERA certificates are phase-level; company-level debt sits above the towers and is not shown in them.

Phase 1 finances (promoter’s CA certificate, quarter to 30 Jun 2026)

Designated (escrow) account
Opening ₹1.42 cr · deposited ₹23.88 cr · withdrawn ₹23.95 cr · closing ₹1.35 cr
Cost still to complete
₹165.53 cr (escrow covers 0.8%)
Money still to come in
Receivables from sold homes ₹291.66 cr + unsold stock at guideline value ₹65.75 cr = ₹357.41 cr
Less cost to complete and SBI repayment
₹165.53 cr + ₹260.99 cr = ₹426.52 cr → shortfall ₹69.11 cr
Interest on Phase 1
Budget ₹444.11 cr · incurred ₹553.62 cr (₹109.5 cr over; 32% of all money spent on the phase)
Sold vs total cost
Sold ₹1,717.65 cr + unsold ₹65.75 cr against estimated total cost ₹1,920.13 cr (about ₹136.7 cr short)
Collections
₹1,425.99 cr of ₹1,717.65 cr contracted (83%) already collected while Tower 4 is 48% built
All four POARR registrations
Cost to complete ₹1,107.33 cr · escrow cash ₹1.51 cr · repayable to SBI ₹595.48 cr (Phase 1 / Phase 2 / Tower 5 / Tower 8)

Construction and the registration clock

Tower 1
114 homes, 114 booked, 98% complete; partial OC
Tower 2
130 homes, 127 booked, 88% complete; partial OC
Tower 3
130 homes, 126 booked, 71% complete; OC applied 30 Mar 2026, not yet granted
Tower 4
130 homes, 128 booked, 48% complete (exposed brick 30%); OC applied 30 Mar 2026
Registration validity
Originally 31 Jul 2024 → 30 Apr 2025 → 30 Apr 2026 → 30 Apr 2027 (Authority order of 6 May 2026 under Section 7(3))
Developer’s handover plan (19 Aug 2026)
18 homes by Jun 2027, 59 by Dec 2027, 61 during 2028; described by the promoter as an “internal aggressive plan without any buffers”

Group accounts and ratings

Group operating income
FY25 ₹834.02 cr vs FY24 ₹1,023.98 cr (−19%) — CRISIL, May 2026
Profit after tax
FY25 −₹145.95 cr; FY24 −₹167.37 cr
Interest coverage
0.29× (FY25); 0.46× (FY24)
Adjusted debt / adjusted net worth
−3.49× (negative net worth on CRISIL’s basis)
CRISIL — TEBSPL (parent)
BBB−/Stable, 15 May 2026; downgraded from BBB during 2026; rated amount ₹350 cr; liquidity described as adequate with ₹183 cr group cash at 31 Mar 2026
CRISIL — TEHPL (builds POARR)
BBB−/Stable, 28 Mar 2025; not reviewed since; CRISIL noted it was “awaiting adequate information”
Acuité — Dommasandra Urban Projects (group SPV)
BB/Stable, 1 Sep 2026, on ₹350 cr proposed debentures; lender covenant sets a minimum sale price of ₹17,500/sq ft

Insolvency, disputes and payment signals

NCLT / IBBI
No admission or proceeding located against TEHPL or TEBSPL (news and web indexes; portals not searchable automatically)
HDFC Capital
Exited its POARR investment in May 2024
Small suppliers (MSME-1 returns)
388 delayed payments in Oct 2025–Mar 2026: 102 by TEHPL, 286 by TEBSPL
Employees
30 of 222 public reviews cite salary delays; company replies acknowledge “salary and PF contribution delays” (anecdotal)
Payments to owners
Cash reimbursement of pre-EMI under subvention stopped for some owners from Dec 2024 and for others from Feb 2026
People
Head of Customer Experience left 24 Aug 2026; group headcount about 766 (May 2026)
Developer statement
26 Aug 2026: delivery depends on “trying to raise additional capital as well as … asset monetisation and sales ramp up”; monthly actual-vs-plan updates promised from October
Green NCD
₹175 cr raised Nov 2025 through Total Environment Resorts for a different project

RERA file · Phase 1 (Towers 1–4, villas)

Registration
PRM/KA/RERA/1251/446/PR/171014/000433 · promoter Total Environment Habitat Private Limited (Company) · EX/PRM/KA/RERA/1251/446/PR/250728/000433
Dates
Start 2015-10-19 · original completion 2024-07-31 · 3 extensions: Covid Extension → 2025-04-30, Section 6 Extension → 2026-04-30, Further Extension → 2027-04-30
Progress
75% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 543 of 552 homes booked (9 available)
Registered cost
Total ₹1920 cr · land ₹293 cr · construction ₹946 cr
RERA bank account
STATE BANK OF INDIA, COMMERCIAL BRANCH, BANGALORE (70% construction account)
Money at registration
collected ₹228 cr · used ₹402 cr · balance ₹-173.89 cr · delay declared: No
Land & towers
14.09 acres (57,002 sq m) · Tower 01 114 homes, 28 floors; Tower 02 130 homes, 30 floors; Tower 03 130 homes, 30 floors; Tower 04 130 homes, 30 floors; Villas 48 homes, 1 floors
Litigation declared
Civil OS 27087/08/2008, City Civil Court, CCH 29 — no stay; Civil OS 2189/06/2006, Prl. Senior Civil Judge, Bengaluru Rural — no stay
K-RERA complaints
20 on this registration (8 open) · 24 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/1251/446/PR/171014/000433, fetched 2026-09-15. Figures are the promoter’s own filings.

RERA file · Phase 2

Registration
PRM/KA/RERA/1251/446/PR/190102/002271 · promoter Total Environment Habitat Private Limited (Company) · Proposed Project End Date at the time of registration :
Dates
Start 2018-11-01 · original completion 2026-06-30 · 1 extension: Covid Extension → 2027-03-30
Progress
51% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 243 of 264 homes booked (21 available)
Registered cost
Total ₹994 cr · land ₹145 cr · construction ₹849 cr
RERA bank account
STATE BANK OF INDIA, COMMERCIAL BRANCH, BANGALORE (70% construction account)
Money at registration
collected ₹288 cr · spent ₹359 cr · balance ₹131 cr
Land & towers
6.95 acres (28,131 sq m) · Tower 6 130 homes, 30 floors; Tower 7 114 homes, 28 floors; Villa 20 homes, 1 floors
Litigation declared
Civil OS 27087/08/2008, City Civil Court, CCH 29 — no stay; Civil OS 2189/06/2006, Prl. Senior Civil Judge, Bengaluru Rural — no stay
K-RERA complaints
4 on this registration (1 open) · 24 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/1251/446/PR/190102/002271, fetched 2026-09-15. Figures are the promoter’s own filings.

RERA file · Phase 3

Registration
PRM/KA/RERA/1251/446/PR/200817/003551 · promoter Total Environment Habitat Private Limited (Company) · Proposed Project End Date at the time of registration :
Dates
Start 2018-11-01 · original completion 2026-06-30 · no extensions · current date has passed
Registered cost
Total ₹309 cr · land ₹32.47 cr · construction ₹277 cr
RERA bank account
RATNAKAR BANK, Residency Road Branch (70% construction account)
Land & towers
1.20 acres (4,844 sq m) · Building 3 Commercial 22 homes, 16 floors
Litigation declared
None declared in filings
K-RERA complaints
0 on this registration (0 open) · 24 on the promoter entity across all its projects

Source: Karnataka RERA project record PRM/KA/RERA/1251/446/PR/200817/003551, fetched 2026-09-15. Figures are the promoter’s own filings.

RERA file · Tower 8

Registration
PRM/KA/RERA/1251/446/PR/220922/005261 · promoter Total Environment Habitat Pvt. Ltd. (Company) · U45201KA2010PTC054651
Dates
Start 2022-10-01 · original completion 2029-09-30 · no extensions
Progress
9% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 307 of 362 homes booked (55 available)
Registered cost
Total ₹938 cr · construction ₹840 cr
Borrowing / mortgage declared
Borrowing: No · mortgage: No
RERA bank account
STATE BANK OF INDIA, COMMERCIAL BRANCH, BANGALORE (70% construction account)
Plan sanction
BBMP/Ad.Com./MDP/0099/22-23 dated 2022-09-15 · BDA - Bangalore Development Authority
Land & towers
3.22 acres (13,051 sq m) · Tower 08 362 homes, 33 floors
Land owners / co-promoters
Total Environment Habitat Pvt. Ltd. (100.0%, Sy 136/2); Total Environment Habitat Pvt. Ltd. (100.0%, Sy 136/2)
Litigation declared
Civil OS 27087/08/2008, City Civil Court, CCH 29 — no stay; Civil OS 2189/06/2006, Prl. Senior Civil Judge, Bengaluru Rural — no stay
K-RERA complaints
0 on this registration (0 open) · 24 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/1251/446/PR/220922/005261, fetched 2026-09-15. Figures are the promoter’s own filings.

RERA file · Tower 5

Registration
PRM/KA/RERA/1251/446/PR/281222/005565 · promoter Total Environment Habitat Pvt. Ltd. (Company) · U45201KA2010PTC054651
Dates
Start 2022-12-01 · original completion 2029-12-01 · no extensions
Progress
28% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 115 of 130 homes booked (15 available)
Registered cost
Total ₹460 cr · construction ₹410 cr
Borrowing / mortgage declared
Borrowing: No · mortgage: No
RERA bank account
STATE BANK OF INDIA, COMMERCIAL BRANCH, BANGALORE (70% construction account)
Plan sanction
BBMP/Ad.Com./MDP/0099/22-23 dated 2022-09-15 · BBMP - Bruhat Bengaluru Mahanagara Palike
Land & towers
3.59 acres (14,530 sq m) · Tower 05 130 homes, 30 floors
Land owners / co-promoters
Total Environment Habitat Private Limited (100.0%, Sy 170/2); Total Environment Habitat Private Limited (100.0%, Sy 176/3)
Litigation declared
Civil OS 27087/08/2008, City Civil Court, CCH 29 — no stay; Civil OS 2189/06/2006, Prl. Senior Civil Judge, Bengaluru Rural — no stay
K-RERA complaints
0 on this registration · 24 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/1251/446/PR/281222/005565, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 24 on this project

2026-09-11 · 01119/2026
Non-compliance with the executed Settlement Agreement – non-payment of agreed delay compensation — SCRUTINY COMPLETED
2026-09-02 · 01090/2026
Non-payment of compensation due under Settlement Agreement dated 09-Feb-2026 by the Respondent, Total Environment Habitat Private Limited — SCRUTINY COMPLETED
2026-08-27 · 01064/2026
Delay in completion and lawful handover of Unit No. 3284 in Pursuit of a Radical Rhapsody Phase 1 and non-payment of contractual/statutory delay compensation by the Respondent. — UNDER ENQUIRY AUTHORITY BENCH4
2026-08-10 · 00981/2026
Breach of contract on Settlement Agreement signed for payment of penalty for delay in possession — UNDER ENQUIRY AUTHORITY BENCH4
2026-02-23 · 00166/2026
COMPLAINT UNDER PROVISO TO SECTION 18(1) OF THE RERA (REAL ESTATE REGULATION & DEVELOPMENT ACT), 2016, FOR INTEREST — POSTED FOR ORDERS AUTHORITY BENCH4
2025-08-29 · 01098/2025
delay in hand over of the flat hence compensation for the delay and execution and registration of the sale deed — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2025-08-29 · 01099/2025
Delay in possession of the said unit #3291 — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2025-08-21 · 01033/2025
Delay in Possession and Denied Compensation — UNDER ENQUIRY AUTHORITY BENCH4
2025-07-15 · 00940/2025
INTEREST ON DELAY PERIOD — UNDER ENQUIRY AUTHORITY BENCH4
2025-07-15 · 00944/2025
Delivery delayed — UNDER ENQUIRY AUTHORITY BENCH4
2025-05-13 · 00728/2025
Unfair Withholding of Contractual Commitments and Arbitrary Revisions to Compensation and Rent Support — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2025-03-08 · 00406/2025
Delay in handover — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2024-12-17 · 01287/2024
Delay in possession/handover of the unit #3244 — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2024-12-02 · 01278/2024
Compensation for delays and delays in execution of changes — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2024-10-18 · 01026/2024
Expiry of Delivery Date, Delay in Handover and Interest on Delay Period — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2024-10-01 · 00959/2024
Delay in handover of possession — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2024-09-25 · 00934/2024
Complaint seeking Compensation for Delayed Possession — POSTED FOR ORDERS AUTHORITY BENCH4
2024-09-10 · 00850/2024
Delayed delivery and arbitrary revision in schedule of delivery of the unit — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2024-08-26 · 00797/2024
Need Compensation for Delayed possession — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2021-10-05 · CMP/211005/0008418
VOILATION OF RULES AND REGULATIONS STIPULATED UNDER SECTION 131 OF THE REAL ESTATE REGULATORY AUTHORITY ACT - 2016 — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
2021-09-26 · CMP/210926/0008383
Project Unit possession date is delayed from the date agreed upon during signing the sales deed. — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2021-09-18 · CMP/210918/0008353
Delay in completion — DISPOSED AO (ADJUDICATING OFFICER)
2020-02-04 · CMP/200204/0005367
Project Delayed - Return of amount — DISPOSED AO (ADJUDICATING OFFICER)
2019-12-16 · CMP/191216/0004995
Not returning full refund — DISPOSED AO (ADJUDICATING OFFICER)

Complaint subjects are as filed by complainants; a disposed complaint may have been decided either way.

Sources & caveats4 sources
  • Karnataka RERA CA Form 4 and architect Form 5 for POARR Phase 1, Phase 2, Tower 5 and Tower 8 (quarter ended 30 Jun 2026); quarterly progress filing of 15 Jul 2026; extension order of 6 May 2026
  • CRISIL rating rationales: TEBSPL (15 May 2026), TEHPL (28 Mar 2025); Acuité rating of Dommasandra Urban Projects (1 Sep 2026)
  • MCA filings and charge registers for TEHPL and TEBSPL via aggregators; MSME-1 returns Oct 2025–Mar 2026
  • Developer website, construction updates and written communications to owners, Jul–Sep 2026; public employee reviews
  • Karnataka RERA project records PRM/KA/RERA/1251/446/PR/171014/000433, PRM/KA/RERA/1251/446/PR/190102/002271, PRM/KA/RERA/1251/446/PR/200817/003551, PRM/KA/RERA/1251/446/PR/220922/005261, PRM/KA/RERA/1251/446/PR/281222/005565 (registration file, quarterly updates, complaint register), fetched Sep 2026.

Caveats. Accounts are as at 31 Mar 2025; ratios are CRISIL group-level, not tower-level. RERA certificates are promoter figures certified on unaudited books. Absence of an insolvency filing rests on news and web indexes, not a docket audit. 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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