Engrace 3

This project, on the record

The comparable facts of this project, from its own RERA registration record. Each context percentile names its exact comparison set, drawn from Quietlist’s full register store. The paid report adds drawing-read rows to this same table — what the filed plans show about the site, its edges and the unit layouts.

Values as crawled from the official K-RERA record; context percentiles name their comparison population.

Official Registry Facts

Registration-form facts from the K-RERA detail page: use these to sanity-check the builder brochure, parking allotment, and sanctioned-plan references before relying on plan-extracted approximations.

K-RERA registration tables showing the project mix and tower/wing scale. Use this to sanity-check sales claims such as "only large homes", "low density", or "plenty of parking" against the filed inventory.

K-RERA detail-page flat rows: exact unit numbers, official carpet area, UDS, and parking lots. 76 official flat/unit rows, matching the 76 registered units disclosed above. Use this as a checklist against the specific flat number in your cost sheet and draft agreement.

Legal, Approvals & Project Team

No litigation declared on this project's K-RERA filing.

⚠ 5 of 28 compliance document slots are filed as under process / not yet usable: Board Resolution for Authorized Signatory/Certificate of Authorization, Urban Land Ceiling, District Magistrate, Conversion Certificate under section 95 of the KLR Act 1964, Proforma For Sale Deed.

No completion certificate (OC) on file yet — project has not been declared complete.

⚠ Registration validity has lapsed: originally due 01 Jun 2026 — which has passed with no OC on file.

10 further authority slots are marked not applicable by the regulator.

K-RERA names 4 project professional/vendor rows across Chartered accountant, Engineer, Architect, Contractor. Use this to cross-check whose certificates, drawings, and contractor commitments support the filing; final reliance still belongs with your lawyer/technical reviewer.

Modern Spaces has 4 other K-RERA-registered projects in our records (average reported construction progress 77%). 1 is past their declared completion deadline with no completion certificate recorded — but because K-RERA publishes OCs inconsistently, a project that has actually been finished and handed over still shows up this way, so this overstates real delays, especially for a high-volume established builder. That is a lower delayed rate than the K-RERA average across Bengaluru on the same measure.

Read this as a list to spot-check for a pattern of genuinely stalled projects, not as a delay rate — pull up a few of the builder’s other K-RERA registrations and check whether they’ve actually been delivered.

Financials & Construction Progress

Latest quarterly filing (2026-Q1): ₹0.44 Cr collected from buyers, ₹0.60 Cr withdrawn from the project's escrow account. This quarter the escrow withdrawal (₹0.60 Cr) exceeded buyer collections (₹0.44 Cr) — worth asking the builder to reconcile against certified construction milestones, which is what RERA requires escrow draws to track.

• 100% of registered units are shown as sold/booked, but no completion certificate is on file yet.
• Construction progress moved from 99% to 100% across the filed QPR window.
• Across available QPR rows, escrow withdrawals are 1.33x buyer collections. Ask the builder to reconcile this against certified project costs and prior-period balances.
• In the latest QPR, escrow withdrawal exceeds buyer collections for that quarter. This can be normal if prior balance existed, but it needs a clean explanation.

QPR figures are developer-filed quarterly disclosures. Collections and withdrawals are not a project valuation; they are a sanity check for whether sales, construction progress, and escrow draws appear directionally aligned.

Declared construction cost ÷ registered units averages to ₹34.9 lakhs per unit — the developer's own declared construction/development cost, not a sale price. K-RERA filings don't disclose what the builder is charging, so this can't tell you whether you're getting a fair deal — only you comparing your quoted price against comparable listings nearby can answer that.

RERA 70% project account is on file: FEDERAL BANK OF INDIA Billapura IFSC Code : FDRL0002166 Pin Code : 562125. RERA requires 70% of buyer collections to sit in this separate, project-specific account, drawn only against certified construction milestones — confirm your payments are made to THIS account (not a general builder account) and that it appears on your allotment letter.

Location & Connectivity

The nearest major job hub is ~11 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

Straight-line distances from the geocoded project locality (the RERA address is an area, not a door) — directional, not door-to-door drive times. Check the actual road route, the nearest metro station and daily-need shops/schools/hospitals on a site visit.