# Casagrand Boulevard — Casagrand, Hennur Road / Kothanur / Kalyan Nagar, Bengaluru

Source: https://property-lens.ai/p/casagrand-boulevard-003629 (PropertyLens). Analysis generated 2026-10-18 from Karnataka RERA filings, quarterly promoter updates, public ratings and dated locality evidence. Figures marked "assumed" are model estimates that visitors can edit on the page; "observed" figures come from a named source.

## Summary
- Investment score: 43/100 (50 = the average analysed Bengaluru project, 12 points = one standard deviation). Evidence confidence 56%.
- Projected price growth: 9.3% per year over 5 years (likely range 5.8%–12.7%); 8.6% per year over 10 years.
- Net-wealth CAGR: 4.7% per year over an 8-year hold with a 75% loan at 8.5%, interiors fitted. Cash-flow IRR: 6.1% (all-cash 7.3%). Gross rental yield: 3.2%.
- Status: under construction, RERA handover 2024-12-31. Type: apartment, premium segment. Developer: Casagrand (#14 in Bengaluru by RERA registrations).
- Address: Sy no 45,46 and 47 of Chikkagubbi village, Bidarahalli Hobli, Bengaluru, Bengaluru East Taluk, Bangalore District 560077. Homes: 528. Land: 7.67 acres. Launched: 2020.
- RERA registrations: PRM/KA/RERA/1251/446/PR/201001/003629.

## Homes on offer

| Home | Carpet (sq ft) | Super built-up (sq ft) | Price per sq ft | Price | Rent per month |
|---|---|---|---|---|---|
| Residential Apartments | 855 | 1,215 | ₹10,350 (assumed) | ₹1.26 Cr | ₹34,500 (assumed) |

## Score factors (this home vs the Bengaluru average)
- Price vs comparables: 5.9/10 (city average 6.2, −0.2 points), confidence 35%. ₹10,350 psf vs premium comps ₹11,000 (-6%; under-construction should price ~8% below ready). Price is a model estimate, so this factor carries a third of its normal weight until a listed price is observed.
- Rental demand & yield: 6.7/10 (city average 6.0, +1.4 points), confidence 38%. Gross yield 3.3% (₹28 psf/month); locality rental demand 8/10.
- Resale liquidity: 8.2/10 (city average 7.6, +1.1 points), confidence 50%. Locality resale depth 8/10; ticket ₹1.26 Cr narrows the buyer pool; UC resale needs builder NOC; 528-home project gives deep resale comps.
- Employment access: 6.6/10 (city average 5.2, +2.8 points), confidence 85%. Drive times now (Google Maps, 2026-09-16): Manyata Tech Park 18 min, Hebbal (Kirloskar) 25 min, MG Road (CBD) 37 min, ITPL Whitefield 38 min; 2 of 7 major hubs within 30 min; 6 msf office pipeline (3 yr).
- Metro, bus, rail & airport: 5.2/10 (city average 4.8, +0.8 points), confidence 60%. none operational; Pink Line Nagawara terminal under construction; Nagawara (Pink Line) ~2027; airport ~42 min by road now (Google Maps); .
- Schools, hospitals, daily needs: 8.0/10 (city average 7.0, +1.0 points), confidence 50%. Locality social-infrastructure index (interim, expert-set; POI distances pending Maps integration).
- Builder delivery & handover risk: 1.8/10 (city average 3.7, −5.0 points), confidence 60%. Casagrand: 22+ projects, on-time 67% (derived); handover 2024-12-31 (RERA); 20 months past the RERA completion date.
- Layout, size, age, amenities, maintenance: 7.4/10 (city average 7.3, +0.0 points), confidence 55%. 69 units/acre; carpet/SBA ~72%; maintenance ~₹4.5 psf/month (assumed); filed construction cost ₹2,890 per sq ft (standard spec).
- Water, flooding, noise, infrastructure: 5.8/10 (city average 5.8, +0.0 points), confidence 50%. Hennur Road widening incomplete; Kothanur lake flooding
- Legal, title & approvals: 5.4/10 (city average 7.4, −4.1 points), confidence 55%. RERA registered; litigation: none reported; approvals: RERA registered; title: not verified. Due-diligence report lists 2 red flags (−3.1 pts).
- Expected price growth (5-yr CAGR model): 5.2/10 (city average 6.0, −4.9 points), confidence 56%. Model 5-yr price CAGR 9.3% (range 5.8–12.7%).

## Why prices should grow about 9.3% a year
- + 6.0%: Start with 6.0% a year: the normal long-run growth of Bengaluru home prices.
- + 1.0%: Add 1.0%: prices here rose 12.9% a year recently (2023-06 to 2026-06). Some of that pace continues, but it fades each year.
- − 0.2%: Subtract 0.2%: at ₹10,350 per sq ft, fewer families can afford to buy here, which slows further rises.
- + 1.8%: Add 1.8%: 6 million sq ft of new offices nearby means more people wanting homes here.
- + 0.0%: Supply and demand are balanced here (16 months of unsold stock).
- + 0.2%: Add 0.2% for new roads, metro and water lines, weighted by how likely they are to actually finish: Pink Line Kalena Agrahara–Nagawara (construction, 2027); Blue Line KR Puram–Hebbal–Airport (construction, 2027).
- + 0.4%: Add 0.4% for this project itself: unfinished homes are worth more once they are complete.
- = 9.3%: Result: about 9.3% a year, so a home worth ₹1.30 Cr today would be worth about ₹2.03 Cr in 5 years. We are 56% confident in the evidence behind this.

## Returns over 8 years
- Cash put in: ₹1.14 Cr. Exit value in year 8: ₹2.56 Cr. Net sale after loan and costs: ₹1.72 Cr. Net rent after running costs: ₹22.1 L. Loan: ₹1.02 Cr (EMI ₹0.9 L per month). All-in cost: ₹1.60 Cr (other charges ₹4.4 L, GST ₹6.5 L, stamp duty and registration ₹8.6 L, interiors ₹14.6 L).

## Exit plans compared
- Sell at handover, no interiors (1 years): IRR -21.7%, net-wealth CAGR -21.7%, cash in ₹43.3 L, net rent ₹1.0 L, net sale ₹43.6 L.
- Hold bare, rent unfurnished (8 years): IRR 8.1%, net-wealth CAGR 6.0%, cash in ₹1.02 Cr, net rent ₹18.4 L, net sale ₹1.71 Cr. Best IRR.
- Hold, do interiors, rent & sell fitted (8 years): IRR 6.1%, net-wealth CAGR 4.7%, cash in ₹1.14 Cr, net rent ₹22.1 L, net sale ₹1.72 Cr.

## Financial and legal due diligence (public record)
Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/201001/003629. Prices and rents are locality estimates, not verified listings.

### At a glance
- [POSITIVE] On its original RERA completion date: 2024-12-31
- [RED FLAG] 29 RERA complaints on this project (5 open); 29 on the promoter overall
- [POSITIVE] No litigation declared in RERA filings

### Risk meters (rule-based)
- Delivery timeline: 7/10. a registration completion date has already passed (−2)
- Legal & complaints: 6/10. 29 RERA complaints on the project (−3); 5 still open
- Money to finish: 8/10. finance cost is 0% of the registered budget
- Developer strength: 7.6/10. ICRA A-/Stable (Casagrand Builder)

### Red flags to resolve in writing
1. RERA completion date 2024-12-31 has passed without a completion application.
2. 29 K-RERA complaints on this registration.

### Complaints and disputes
- 29 complaints on this project at K-RERA (5 open); 29 on the promoter entity across projects. Subjects raised: 3 YEAR DELAY , INCOMPLETE WORK, WORK STILL NOT COMPLETE AND UNDUE CHARGE OF LATE PAYMENT; Respondents must register the conveyance deed, as the Complainant does not wish to withdra; Refund with interest for wrongful denial of unit allotment and failure to honour NOC and a; (i) Unexplained delay between booking and handover of the flat (ii) Unauthorised excess co; Interest for Delay in Possession : Builder delayed handover by 14 months and denied paying; Interest on delay period in handing over the flat to the Allottees as per the Sale Agreeme.

### Credit ratings
- Casagrand Builder: ICRA A- / Stable (2025-05)

### Questions to put to the developer
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 — 2024-12-31 — and what is the per-month delay compensation?
4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
5. Is the land freehold with the developer, and is any part mortgaged?

### Filed record
**RERA file · Registration**
- Registration: PRM/KA/RERA/1251/446/PR/201001/003629 · promoter GAZY MAG PVT LTD (Company) · Proposed Project End Date at the time of registration :
- Dates: Start 2020-10-01 · original completion 2024-12-31 · no extensions · current date has passed [red]
- Registered cost: Total ₹260 cr · land ₹83.97 cr · construction ₹176 cr
- RERA bank account: ICICI Bank, MG ROAD (70% construction account)
- Land & towers: 7.67 acres (31,059 sq m) · Casagrand Boulavard 528 homes, 4 floors
- Litigation declared: None declared in filings [green]
- K-RERA complaints: 29 on this registration (5 open) · 29 on the promoter entity across all its projects [red]

**Complaint log (K-RERA) · 29 on this project**
- 2026-06-29 · 00758/2026: 3 YEAR DELAY , INCOMPLETE WORK, WORK STILL NOT COMPLETE AND UNDUE CHARGE OF LATE PAYMENT — UNDER ENQUIRY AUTHORITY BENCH6 [amber]
- 2025-12-29 · 01548/2025: Respondents must register the conveyance deed, as the Complainant does not wish to withdraw from the project and requests monthly interest for delay until possession under Section 18(1) of this Act. — POSTED FOR ORDERS AUTHORITY BENCH4 [amber]
- 2025-10-28 · 01311/2025: Refund with interest for wrongful denial of unit allotment and failure to honour NOC and agreement terms. — UNDER ENQUIRY AUTHORITY BENCH4 [amber]
- 2025-09-24 · 01220/2025: (i) Unexplained delay between booking and handover of the flat (ii) Unauthorised excess collection.n of GST — POSTED FOR ORDERS AUTHORITY BENCH4 [amber]
- 2025-09-22 · 01212/2025: Interest for Delay in Possession : Builder delayed handover by 14 months and denied paying interest for delay in possession — UNDER ENQUIRY AUTHORITY BENCH4 [amber]
- 2025-08-29 · 01100/2025: Interest on delay period in handing over the flat to the Allottees as per the Sale Agreement, dated 18.11.2022 — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2025-06-17 · 00845/2025: Compensation for delay in handing over the flat to the Allottees as per the Sale Agreement, dated 9.4.2021 — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2025-05-28 · 00785/2025: Interest on delay in delivering Possession — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2025-05-12 · 00725/2025: Delay in possession, Harassment and penalty — DISPOSED AO (ADJUDICATING OFFICER)
- 2025-03-03 · 00364/2025: Delay in delivery of possession of flat by 1 year — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2025-02-27 · 00343/2025: Delay in handover as per sale agreement — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2025-02-13 · 00297/2025: Delay in handing over the flat to the Allottees as per the sale agreement 31.03.2022 — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2025-02-11 · 00279/2025: Interest on delay period — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2025-02-03 · 00236/2025: Interest on Delay Period — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2025-01-28 · 00207/2025: Delay in handover as per sale Deed — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2025-01-21 · 00151/2025: Compensation for delay in handover — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2025-01-18 · 00135/2025: Compensation for delay in handing over the flat to the Allottees as per the Sale Agreement, dated 9.5.2023 — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2024-12-19 · 01315/2024: Delay Charges Denied — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2024-12-18 · 01288/2024: Builder has signed an agreement for handover as Oct'23 but project is not handed over still and not in living condition causing lot of inconvenience to buyer — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2024-11-26 · 01246/2024: Customer Harassment — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2024-10-19 · 01032/2024: Basic water is not provided and delay in completion of property and seeking for compension — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
- 2024-09-10 · 00854/2024: Compensation for delay in handover — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2024-06-15 · 00603/2024: As per my Sales Agreement, the builder is supposed to handover in Oct 2023+ 3M. They have taken 95% of the cost and we are having to pay complete EMI's, and the handover date mentioned was Oct 2023+3M — DISPOSED AO (ADJUDICATING OFFICER)
- 2024-05-02 · 00421/2024: Delay in Handover of the Apartment — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2024-04-30 · 00420/2024: Interest on Delay of Possession in Hon’ble RERA AUTHORITY Court — DISPOSED AUTHORITY BENCH4 (AUTHORITY)

### Sources and caveats
- Karnataka RERA project record PRM/KA/RERA/1251/446/PR/201001/003629 (registration file, quarterly updates, complaint register), fetched 2026-09-15
- PropertyLens locality model (market-level estimates)
- 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.

## Assumptions used
- Price ₹10,350 per sq ft × 1,215 sq ft; other charges 3.5%; GST 5%; stamp duty + registration 6.6%; loan 75% at 8.5% for 20 years; rent ₹34,500 per month growing 5.0% a year with 5% vacancy; maintenance ₹4.5 per sq ft per month; hold 8 years; selling costs 1.5%.

Related: index of all analysed projects at https://property-lens.ai/llms.txt; JSON for this project at https://property-lens.ai/data/p/casagrand-boulevard-003629.json; printable due-diligence report at https://property-lens.ai/dd/casagrand-boulevard-003629.

PropertyLens scores and projections are model outputs built from dated public evidence and stated assumptions; they are not investment advice.