Is Modern Spaces a reliable builder?
14 Bengaluru projects analysed from Karnataka RERA filings, quarterly updates and the K-RERA complaint register, as of September 11, 2026.
Modern Spaces in one paragraph
Modern Spaces has a strong delivery record in Karnataka RERA filings: 81% of registrations needed no extension (12 of 14 crawled Bengaluru registrations needed no extension). 9 of 12 under-construction projects are past their original RERA completion date, by 36 months on average (worst 54). No complaints are recorded against the promoter entity at K-RERA. The median Modern Spaces project scores 40/100 on investment merit (below the Bengaluru average); the best, Engrace Vista, scores 50.
Delivery is judged on extensions filed, not on handover dates, because RERA records extensions reliably and handovers late. Extensions are common across Bengaluru; compare the rate with other developers below.
Projects past their original RERA date
| Project | Months overdue | Extensions | Built · booked | Complaints | Score |
|---|---|---|---|---|---|
| 312 West Sarjapur Road | 54 | 1 | 100% of schedule · — | 0 | 44 |
| 77 East Phase 2 By Modern Spaaces Ventures Sarjapur Road | 45 | 0 | 100% of schedule · — | 0 | 35 |
| 77 East Sarjapur Road | 44 | 2 | 100% of schedule · — | 0 | 30 |
| Soul Tree - Serinity Sarjapur Road | 43 | 0 | 100% of schedule · — | 0 | 40 |
| 302 West Sarjapur Road | 38 | 0 | 100% of schedule · — | 0 | 36 |
| Soul Tree - Nirvana Sarjapur Road | 34 | 0 | 100% of schedule · — | 0 | 38 |
| Soul Tree - Bliss Sarjapur Road | 31 | 0 | 100% of schedule · — | 0 | 36 |
| Soulace by Modern Spaaces Sarjapur Road | 20 | 0 | 100% of schedule · — | 0 | 40 |
| Modern Spaces Felicity Engrace 1 Sarjapur Road | 16 | 0 | 100% of schedule · — | 0 | 34 |
Overdue is measured against the completion date in the original registration. Many are covered by extensions, which RERA grants for up to a year at a time.
Best-scored Modern Spaces projects
All 14 analysed Modern Spaces projects
| Project | Score | Growth / yr | Net-wealth CAGR | Cash-flow IRR | Price / sq ft | Price | Status |
|---|---|---|---|---|---|---|---|
| Engrace Vista Modern Spaces · Sarjapur Road | 50 | 9.8% | 5.9% | 9.3% | ₹8,450 est. | ₹1.48 Cr | Under construction Dec 2028 |
| Engrace 4 Modern Spaces · Sarjapur Road | 49 | 9.8% | 5.4% | 7.0% | ₹8,750 est. | ₹1.40 Cr | Under construction Dec 2026 |
| Modern Spaces Felicity Engrace 2 Modern Spaces · Sarjapur Road | 47 | 8.9% | 6.3% | 7.9% | ₹9,000 est. | ₹1.13 Cr | Ready |
| Engrace 3 Modern Spaces · Sarjapur Road | 46 | 8.9% | 6.2% | 7.9% | ₹9,000 est. | ₹1.16 Cr | Ready |
| Green Storeys Modern Spaces · Sarjapur Road | 45 | 9.8% | 5.7% | 7.3% | ₹8,450 est. | ₹1.01 Cr | Under construction Dec 2026 |
| 312 West Modern Spaces · Sarjapur Road | 44 | 10.8% | 7.0% | 8.7% | ₹8,450 est. | ₹68.9 L | Under construction Apr 2022 |
| Soul Tree - Serinity Modern Spaces · Sarjapur Road | 40 | 9.3% | 6.4% | 7.8% | ₹8,450 est. | ₹33.0 L | Under construction Mar 2023 |
| Soulace by Modern Spaaces Modern Spaces · Sarjapur Road | 40 | 10.8% | 6.8% | 9.7% | ₹4,650 est. | ₹84.2 L | Under construction Dec 2024 |
| Soul Tree - Nirvana Modern Spaces · Sarjapur Road | 38 | 9.3% | 6.2% | 7.6% | ₹8,450 est. | ₹45.2 L | Under construction Dec 2023 |
| Soul Tree - Bliss Modern Spaces · Sarjapur Road | 36 | 9.3% | 5.9% | 7.3% | ₹8,450 est. | ₹57.9 L | Under construction Feb 2024 |
| 302 West Modern Spaces · Sarjapur Road | 36 | 9.3% | 5.5% | 6.9% | ₹8,450 est. | ₹83.7 L | Under construction Jul 2023 |
| 77 East Phase 2 By Modern Spaaces Ventures Modern Spaces · Sarjapur Road | 35 | 9.3% | 5.1% | 6.5% | ₹8,450 est. | ₹1.15 Cr | Under construction Dec 2022 |
| Modern Spaces Felicity Engrace 1 Modern Spaces · Sarjapur Road | 34 | 9.3% | 5.3% | 6.6% | ₹8,450 est. | ₹1.04 Cr | Under construction Jun 2025 |
| 77 East Modern Spaces · Sarjapur Road | 30 | 9.3% | 5.1% | 6.4% | ₹8,450 est. | ₹1.27 Cr | Under construction Jan 2023 |
Where Modern Spaces builds
Modern Spaces compared with other developers
Questions people ask
Is Modern Spaces a reliable builder?
Karnataka RERA filings as of September 11, 2026: 81% of registrations needed no extension; 9 of 12 under-construction projects are past their original completion date by 36 months on average; 3 extensions filed across 2 projects; 0 complaints on the promoter entity at K-RERA; 0 projects declare litigation. That is the public record; PropertyLens does not rate builders on opinion.
Which Modern Spaces project is the best investment?
Engrace Vista in Sarjapur Road scores highest at 50/100 with projected growth 9.8% a year and cash-flow IRR 9.3%. The median Modern Spaces project scores 40.
Is Modern Spaces delaying possession?
9 under-construction Modern Spaces projects are past their original RERA completion date: 312 West (54 months), 77 East Phase 2 By Modern Spaaces Ventures (45 months), 77 East (44 months), Soul Tree - Serinity (43 months), 302 West (38 months) and others. Extensions filed with RERA are listed on each project page.
Where does Modern Spaces build in Bengaluru?
Sarjapur Road (14). Median price ₹8,450 per sq ft across analysed projects.
Scores and projections are model outputs built from dated public evidence (Karnataka RERA filings, promoter quarterly updates, complaint registers, public ratings) and stated assumptions. They are research, not investment advice. How the numbers are built.