# Casagrand Zaiden — Casagrand, Kanakapura Road / Talaghattapura / Banashankari 6th, Bengaluru

Source: https://property-lens.ai/p/casagrand-zaiden-005862 (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: 8.7% per year over 5 years (likely range 5.2%–12.2%); 8.0% per year over 10 years.
- Net-wealth CAGR: 3.7% per year over an 8-year hold with a 75% loan at 8.5%, interiors fitted. Cash-flow IRR: 5.2% (all-cash 7.3%). Gross rental yield: 3.1%.
- Status: under construction, RERA handover 2027-03-22. Type: apartment, premium segment. Developer: Casagrand (#14 in Bengaluru by RERA registrations).
- Address: SY.NO.59 (OLD SY.NO.7/9), KHATHA NO.237/1/7/9/7/18 at WARD NO.198 , UTTARAHALLI MANAVARTHAKAVAL VILLAGE. Homes: 286. Land: 3.69 acres. Launched: 2023.
- RERA registrations: PRM/KA/RERA/1251/310/PR/120423/005862.

## Homes on offer

| Home | Carpet (sq ft) | Super built-up (sq ft) | Price per sq ft | Price | Rent per month |
|---|---|---|---|---|---|
| 2 BHK | 749 | 1,065 | ₹9,500 (assumed) | ₹1.01 Cr | ₹27,000 (assumed) |
| 3 BHK | 947 | 1,345 | ₹9,500 (assumed) | ₹1.28 Cr | ₹32,000 (assumed) |
| 3 BHK | 1,127 | 1,600 | ₹9,500 (assumed) | ₹1.52 Cr | ₹36,500 (assumed) |

## Score factors (this home vs the Bengaluru average)
- Price vs comparables: 5.9/10 (city average 6.2, −0.3 points), confidence 35%. ₹9,500 psf vs premium comps ₹9,800 (-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: 6.4/10 (city average 6.0, +0.8 points), confidence 38%. Gross yield 3.2% (₹25 psf/month); locality rental demand 8/10.
- Resale liquidity: 7.7/10 (city average 7.6, +0.2 points), confidence 60%. Locality resale depth 8/10; ticket ₹1.01 Cr narrows the buyer pool; UC resale needs builder NOC; 286-home project; RERA sales pace ratio 1.
- Employment access: 3.2/10 (city average 5.2, −4.1 points), confidence 85%. Drive times now (Google Maps, 2026-09-16): Koramangala (Forum) 35 min, Electronic City Ph-1 43 min, MG Road (CBD) 43 min, ORR Bellandur (Ecospace) 50 min; 0 of 7 major hubs within 30 min; 2 msf office pipeline (3 yr).
- Metro, bus, rail & airport: 6.9/10 (city average 4.8, +3.8 points), confidence 60%. Green Line Silk Institute / Vajarahalli / Talaghattapura; no planned station within 2 km; airport ~113 min by road now (Google Maps); .
- Schools, hospitals, daily needs: 7.5/10 (city average 7.0, +0.5 points), confidence 50%. Locality social-infrastructure index (interim, expert-set; POI distances pending Maps integration).
- Builder delivery & handover risk: 3.6/10 (city average 3.7, −0.2 points), confidence 60%. Casagrand: 22+ projects, on-time 67% (derived); handover 2027-03-22 (RERA); within the RERA timeline, 1 extension, work behind schedule (-35 pts).
- Layout, size, age, amenities, maintenance: 7.4/10 (city average 7.3, +0.1 points), confidence 55%. 78 units/acre; carpet/SBA ~72%; maintenance ~₹4.5 psf/month (assumed); filed construction cost ₹2,972 per sq ft (standard spec).
- Water, flooding, noise, infrastructure: 7.0/10 (city average 5.8, +2.5 points), confidence 50%. NICE road access; metro at doorstep on the corridor
- Legal, title & approvals: 7.0/10 (city average 7.4, −0.8 points), confidence 55%. RERA registered; litigation: none reported; approvals: Plan PRJ/14724/22-23IN dated 2023-03-21; title: not verified. Due-diligence report lists 0 red flags (−1.5 pts).
- Expected price growth (5-yr CAGR model): 4.5/10 (city average 6.0, −9.5 points), confidence 56%. Model 5-yr price CAGR 8.7% (range 5.2–12.2%).

## Why prices should grow about 8.7% a year
- + 6.0%: Start with 6.0% a year: the normal long-run growth of Bengaluru home prices.
- + 0.7%: Add 0.7%: prices here rose 10.8% a year recently (2023-06 to 2026-06). Some of that pace continues, but it fades each year.
- + 0.0%: Prices are still affordable enough that this does not slow growth.
- + 1.4%: Add 1.4%: 2 million sq ft of new offices nearby means more people wanting homes here.
- − 0.7%: Subtract 0.7%: many new homes are being built here (20 months of unsold stock), which keeps prices in check.
- + 0.2%: Add 0.2% for new roads, metro and water lines, weighted by how likely they are to actually finish: Phase 3 (Orange/Red lines: JP Nagar–Kempapura, Hosahalli–Kadabagere) (construction, 2029); Satellite Town Ring Road (construction, 2028).
- + 1.1%: Add 1.1% for this project itself: unfinished homes are worth more once they are complete.
- = 8.7%: Result: about 8.7% a year, so a home worth ₹1.05 Cr today would be worth about ₹1.59 Cr in 5 years. We are 56% confident in the evidence behind this.

## Returns over 8 years
- Cash put in: ₹89.7 L. Exit value in year 8: ₹1.96 Cr. Net sale after loan and costs: ₹1.26 Cr. Net rent after running costs: ₹15.9 L. Loan: ₹82.5 L (EMI ₹0.7 L per month). All-in cost: ₹1.30 Cr (other charges ₹3.5 L, GST ₹5.2 L, stamp duty and registration ₹6.9 L, interiors ₹12.8 L).

## Exit plans compared
- Sell at handover, no interiors (1 years): IRR -37.5%, net-wealth CAGR -37.5%, cash in ₹10.1 L, net rent ₹-0.0 L, net sale ₹34.9 L.
- Hold bare, rent unfurnished (8 years): IRR 7.5%, net-wealth CAGR 5.1%, cash in ₹79.2 L, net rent ₹13.2 L, net sale ₹1.25 Cr. Best IRR.
- Hold, do interiors, rent & sell fitted (8 years): IRR 5.2%, net-wealth CAGR 3.7%, cash in ₹89.7 L, net rent ₹15.9 L, net sale ₹1.26 Cr.

## Financial and legal due diligence (public record)
Automated from the Karnataka RERA file PRM/KA/RERA/1251/310/PR/120423/005862 and 3 quarterly filings. Prices and rents are locality estimates, not verified listings.

### At a glance
- [WATCH] Registration extended 1× — from 2026-03-22 to 2027-03-22
- 65% built per the latest filing; 286/286 homes booked
- [WATCH] 5 RERA complaints on this project (2 open); 161 on the promoter overall
- [POSITIVE] No litigation declared in RERA filings

### Risk meters (rule-based)
- Delivery timeline: 7/10. 1 extension on the registration (−2)
- Legal & complaints: 6.5/10. 5 RERA complaints on the project (−2.5); 2 still open
- Money to finish: 9/10. finance cost is 0% of the registered budget; last quarter: collected ₹0.49 cr, withdrew ₹0.00 cr; 100% of homes booked (+1)
- Developer strength: 7.6/10. ICRA A-/Stable (Casagrand Builder)

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

### Complaints and disputes
- 5 complaints on this project at K-RERA (2 open); 161 on the promoter entity across projects. Subjects raised: Delay in Project Completion and Interest on Delay Period.; Delay in Project and insufficient reporting to the Purchasers; Cancellation of allotment and refund of the entire amount paid by the Complainants; Refund of Booking Amount; Refund for cancellation on booking the property.

### 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 — 2027-03-22 — 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/1251/310/PR/120423/005862 · promoter CASA GRANDE GARDEN CITY BUILDERS PVT LTD (Company) · U45205KA2015PTC082415
- Dates: Start 2023-04-07 · original completion 2026-03-22 · 1 extension: Section 6 Extension → 2027-03-22 [amber]
- Progress: 65% complete per quarterly filing Q1 2026-27 (submitted 2026-07-10) · 286 of 286 homes booked (0 available)
- Registered cost: Total ₹161 cr · construction ₹105 cr
- Borrowing / mortgage declared: Borrowing: No
- RERA bank account: ICICI Bank, Ulsoor Branch (70% construction account)
- Plan sanction: PRJ/14724/22-23IN dated 2023-03-21 · BBMP - Bruhat Bengaluru Mahanagara Palike
- Land & towers: 3.69 acres (14,928 sq m) · Tower A 81 homes, 9 floors; Tower B 95 homes, 9 floors; Tower C 110 homes, 9 floors
- Litigation declared: None declared in filings [green]
- K-RERA complaints: 5 on this registration (2 open) · 161 on the promoter entity across all its projects [amber]
- Owners’ association: Not yet formed
- Completion applied: 19/12/2020

**Complaint log (K-RERA) · 5 on this project**
- 2026-07-27 · 00871/2026: Delay in Project Completion and Interest on Delay Period. — UNDER ENQUIRY AUTHORITY BENCH4 [amber]
- 2026-04-22 · 00431/2026: Delay in Project and insufficient reporting to the Purchasers — POSTED FOR ORDERS AUTHORITY BENCH4 [amber]
- 2024-12-24 · 01351/2024: Cancellation of allotment and refund of the entire amount paid by the Complainants — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2023-12-21 · 01863/2023: Refund of Booking Amount — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2023-12-08 · 01808/2023: Refund for cancellation on booking the property — DISPOSED AUTHORITY BENCH4 (AUTHORITY)

### Sources and caveats
- Karnataka RERA project record PRM/KA/RERA/1251/310/PR/120423/005862 (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 ₹9,500 per sq ft × 1,065 sq ft; other charges 3.5%; GST 5%; stamp duty + registration 6.6%; loan 75% at 8.5% for 20 years; rent ₹27,000 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-zaiden-005862.json; printable due-diligence report at https://property-lens.ai/dd/casagrand-zaiden-005862.

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