MAGNOLIA PHASE-2

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. 202 official flat/unit rows, matching the 202 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.

9 of 17 compliance document slots are filed as Not Applicable; the remaining 8 slots have usable uploaded filings.

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

⚠ Registration validity has lapsed: originally due 31 Dec 2025 — which has passed with no OC on file.

K-RERA names 3 project professional/vendor rows across Architect, Contractor, Structural engineer. Use this to cross-check whose certificates, drawings, and contractor commitments support the filing; final reliance still belongs with your lawyer/technical reviewer.

Ventures has 18 other K-RERA-registered projects in our records (average reported construction progress 22%). 9 are 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

⚠ No quarterly financial disclosures (collections, escrow withdrawals) on record, despite no completion certificate yet — meaning we can't verify the project's cashflows against its construction progress. Worth asking the builder directly why no quarterly filings are available.

Declared construction cost ÷ registered units averages to ₹12.9 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: Canara Bank Varthur Bangalore (IFSC CNRB0000439, a/c …2660). 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 ~2 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

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.