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

Source: https://property-lens.ai/p/casagrand-keatsway-005555 (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: 58/100 (50 = the average analysed Bengaluru project, 12 points = one standard deviation). Evidence confidence 56%.
- Projected price growth: 9.6% per year over 5 years (likely range 6.1%–13.0%); 8.8% per year over 10 years.
- Net-wealth CAGR: 5.1% per year over an 8-year hold with a 75% loan at 8.5%, interiors fitted. Cash-flow IRR: 6.7% (all-cash 7.7%). Gross rental yield: 3.2%.
- Status: under construction, RERA handover 2026-11-05. Type: apartment, premium segment. Developer: Casagrand (#14 in Bengaluru by RERA registrations).
- Address: Thanisandra Main Rd, Ashwath Nagar, HBR Layout,. Homes: 286. Land: 3.79 acres. Launched: 2022.
- RERA registrations: PRM/KA/RERA/1251/446/PR/231222/005555.

## Homes on offer

| Home | Carpet (sq ft) | Super built-up (sq ft) | Price per sq ft | Price | Rent per month |
|---|---|---|---|---|---|
| 2 BHK | 740 | 1,050 | ₹10,650 (assumed) | ₹1.12 Cr | ₹31,000 (assumed) |
| 3 BHK | 1,140 | 1,620 | ₹10,650 (assumed) | ₹1.73 Cr | ₹42,500 (assumed) |
| 4 BHK | 1,474 | 2,095 | ₹10,650 (assumed) | ₹2.23 Cr | ₹51,500 (assumed) |
| 1 BHK | 4,704 | 6,680 | ₹10,650 (assumed) | ₹7.11 Cr | ₹1,55,000 (assumed) |

## Score factors (this home vs the Bengaluru average)
- Price vs comparables: 5.9/10 (city average 6.2, −0.3 points), confidence 35%. ₹10,650 psf vs premium comps ₹11,000 (-3%; 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: 6.5/10 (city average 6.0, +1.0 points), confidence 38%. Gross yield 3.3% (₹30 psf/month); locality rental demand 8/10.
- Resale liquidity: 7.3/10 (city average 7.6, −0.5 points), confidence 60%. Locality resale depth 8/10; ticket ₹1.12 Cr narrows the buyer pool; UC resale needs builder NOC; 286-home project; RERA sales pace ratio 0.67.
- Employment access: 8.6/10 (city average 5.2, +6.9 points), confidence 85%. Drive times now (Google Maps, 2026-09-16): Manyata Tech Park 9 min, Hebbal (Kirloskar) 17 min, MG Road (CBD) 27 min, ITPL Whitefield 37 min; 3 of 7 major hubs within 30 min; 6 msf office pipeline (3 yr).
- Metro, bus, rail & airport: 5.0/10 (city average 4.8, +0.5 points), confidence 60%. none operational; Pink Line Nagawara terminal under construction; Nagawara (Pink Line) ~2027; airport ~51 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: 4.7/10 (city average 3.7, +2.5 points), confidence 60%. Casagrand: 22+ projects, on-time 67% (derived); handover 2026-11-05 (RERA); within the RERA timeline, work behind schedule (-26 pts).
- Layout, size, age, amenities, maintenance: 6.3/10 (city average 7.3, −1.3 points), confidence 55%. 75 units/acre; carpet/SBA ~72%; maintenance ~₹4.5 psf/month (assumed); filed construction cost ₹1,009 per sq ft (basic 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: 7.6/10 (city average 7.4, +0.4 points), confidence 55%. RERA registered; litigation: none reported; approvals: Plan BBMP/CC/9016/22-23 dated 2022-12-03; title: not verified. Due-diligence report lists 0 red flags (−0.9 pts).
- Expected price growth (5-yr CAGR model): 5.6/10 (city average 6.0, −2.4 points), confidence 56%. Model 5-yr price CAGR 9.6% (range 6.1–13.0%).

## Why prices should grow about 9.6% 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 ₹10,650 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).
- + 0.7%: Add 0.7% for this project itself: unfinished homes are worth more once they are complete.
- = 9.6%: Result: about 9.6% a year, so a home worth ₹1.16 Cr today would be worth about ₹1.83 Cr in 5 years. We are 56% confident in the evidence behind this.

## Returns over 8 years
- Cash put in: ₹99.0 L. Exit value in year 8: ₹2.31 Cr. Net sale after loan and costs: ₹1.54 Cr. Net rent after running costs: ₹20.0 L. Loan: ₹91.1 L (EMI ₹0.8 L per month). All-in cost: ₹1.42 Cr (other charges ₹3.9 L, GST ₹5.8 L, stamp duty and registration ₹7.6 L, interiors ₹12.6 L).

## Exit plans compared
- Sell at handover, no interiors (1 years): IRR -14.5%, net-wealth CAGR -14.5%, cash in ₹38.5 L, net rent ₹0.9 L, net sale ₹39.7 L.
- Hold bare, rent unfurnished (8 years): IRR 8.5%, net-wealth CAGR 6.3%, cash in ₹89.1 L, net rent ₹16.7 L, net sale ₹1.52 Cr. Best IRR.
- Hold, do interiors, rent & sell fitted (8 years): IRR 6.7%, net-wealth CAGR 5.1%, cash in ₹99.0 L, net rent ₹20.0 L, net sale ₹1.54 Cr.

## Financial and legal due diligence (public record)
Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/231222/005555 and 3 quarterly filings. Prices and rents are locality estimates, not verified listings.

### At a glance
- [POSITIVE] On its original RERA completion date: 2026-11-05
- 70% built per the latest filing; 184/286 homes booked
- [WATCH] 3 RERA complaints on this project; 161 on the promoter overall
- [POSITIVE] No litigation declared in RERA filings

### Risk meters (rule-based)
- Delivery timeline: 9/10. no extensions, no overdue dates on the RERA file
- Legal & complaints: 7.5/10. 3 RERA complaints on the project (−1.5)
- Money to finish: 8/10. finance cost is 0% of the registered budget; last quarter: collected ₹0.00 cr, withdrew ₹0.00 cr
- Developer strength: 7.6/10. ICRA A-/Stable (Casagrand Builder)

### Red flags to resolve in writing
None recorded.

### Complaints and disputes
- 3 complaints on this project at K-RERA (null open); 161 on the promoter entity across projects.

### 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 — 2026-11-05 — and what is the per-month delay compensation?
4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
5. Is the land freehold with the developer, and is any part mortgaged?

### Filed record
**RERA file · Registration**
- Registration: PRM/KA/RERA/1251/446/PR/231222/005555 · promoter CASA GRANDE GARDEN CITY BUILDERS PVT LTD (Company) · U45205KA2015PTC082415
- Dates: Start 2022-12-20 · original completion 2026-11-05 · no extensions [green]
- Progress: 70% complete per quarterly filing Q1 2026-27 (submitted 2026-07-14) · 184 of 286 homes booked (102 available)
- Registered cost: Total ₹45.57 cr · construction ₹41.88 cr
- Borrowing / mortgage declared: Borrowing: No · mortgage: No
- RERA bank account: ICICI Bank, Ulsoor Road (70% construction account)
- Plan sanction: BBMP/CC/9016/22-23 dated 2022-12-03 · BBMP - Bruhat Bengaluru Mahanagara Palike
- Land & towers: 3.79 acres (15,335 sq m) · Ketsway 286 homes, 10 floors
- Litigation declared: None declared in filings [green]
- K-RERA complaints: 3 on this registration · 161 on the promoter entity across all its projects [amber]
- Owners’ association: Not yet formed
- Completion applied: 19/12/2020

### Sources and caveats
- Karnataka RERA project record PRM/KA/RERA/1251/446/PR/231222/005555 (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 ₹10,650 per sq ft × 1,050 sq ft; other charges 3.5%; GST 5%; stamp duty + registration 6.6%; loan 75% at 8.5% for 20 years; rent ₹31,000 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-keatsway-005555.json; printable due-diligence report at https://property-lens.ai/dd/casagrand-keatsway-005555.

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