RERA Property Intelligence Report · Preview
RED CORAL PROPERTIES · Bengaluru North · K-RERA PRM/KA/RERA/1251/309/PR/171026/000393
Report coverage
K-RERA registry & builder-record report
What this report covers
To confirm directly with the builder
🔒 The verdict & buyer playbook · Compliance report
The paid report opens with the overall risk rating, the specific red-flag findings, exactly what I'd do as a buyer in this project, who it suits, and the questions to put to the builder before you commit.
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.
| Disclosure | Official value | Why it matters |
|---|---|---|
| Registered units | 108 | Total inventory registered with K-RERA. |
| Official carpet area | 2,571 sqm | Regulator-disclosed project-level carpet area, not vision-derived room sums. |
| Registered land area | 4,545 sqm | The land area attached to this K-RERA registration. |
| Sanctioned FAR/FSI | 2.5 | Higher FAR generally means a denser vertical build, subject to site layout and open-space design. |
| Registered towers/wings | 3 | Official tower/wing count in the K-RERA detail page. |
| Parking disclosed | 108 total (0 open) — 1.00 spaces/unit | Confirm whether your quoted unit includes an allotted parking space and where it sits. |
| Project start date | 01-07-2017 |
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.
Registered inventory mix
| Type | Units | Share | Official carpet area |
|---|---|---|---|
| 1,2,3BHK APARTMENTS | 37 | 100% | 2,571 sqm |
Registered tower / wing summary
| Tower/wing | Floors | Units | Parking | Height |
|---|---|---|---|---|
| BLOCK - A | 3 | 40 | 40 | - |
| BLOCK - B | 3 | 28 | 28 | - |
| BLOCK - C | 3 | 40 | 40 | - |
K-RERA detail-page flat rows: exact unit numbers, official carpet area, UDS, and parking lots. 108 official flat/unit rows, matching the 108 registered units disclosed above. Use this as a checklist against the specific flat number in your cost sheet and draft agreement.
By unit type
| Unit type | Rows | Carpet area | UDS | Parking lots |
|---|---|---|---|---|
| 2BHK | 62 | 48.1-71.7 sqm | 30.8-46.7 sqm | 62 |
| 3BHK | 28 | 76.2-98.9 sqm | 44.9-64.0 sqm | 28 |
| 1BHK | 16 | 33.5-68.7 sqm | 23.3-44.6 sqm | 16 |
| NA | 2 | 33.5 sqm | 23.3 sqm | 2 |
By tower / wing
| Tower/wing | Rows | Carpet area | UDS | Parking lots |
|---|---|---|---|---|
| BLOCK - A | 40 | 38.3-76.2 sqm | 24.2-48.1 sqm | 40 |
| BLOCK - C | 40 | 33.5-98.9 sqm | 23.3-64.0 sqm | 40 |
| BLOCK - B | 28 | 41.7-95.4 sqm | 26.7-62.4 sqm | 28 |
| Unit | Tower | Floor | Type | Carpet | UDS | Parking |
|---|---|---|---|---|---|---|
| G-01-A | BLOCK - A | 0 | 2BHK | 65.3 sqm | 41.2 sqm | 1 |
| G-02-A | BLOCK - A | 0 | 2BHK | 66.0 sqm | 41.4 sqm | 1 |
| G-03-A | BLOCK - A | 0 | 3BHK | 76.2 sqm | 48.1 sqm | 1 |
| G-04-A | BLOCK - A | 0 | 2BHK | 67.6 sqm | 43.3 sqm | 1 |
| G-05-A | BLOCK - A | 0 | 2BHK | 67.8 sqm | 42.6 sqm | 1 |
| G-06-A | BLOCK - A | 0 | 2BHK | 66.7 sqm | 42.1 sqm | 1 |
What the numbers tell you
Synthesis from the official RERA scale, unit register, and land rows — the read a sales team won't volunteer.
🔒 Unit-by-unit guidance · Unit Guidance report
Which block and unit to prefer, the livability read on the filed plans, and a plan-by-plan walkthrough — the ₹2,999 guidance layer.
🔒 Full records — land title, amenities paperwork & document catalog · Compliance report
The complete land-title chain, the paperwork behind each declared amenity, and every document row on file with the regulator — the raw records the compliance read is built on.
No litigation declared on this project's K-RERA filing.
All 18 standard compliance document 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 2019, extended (Section 6 Extension) to 30 Jun 2021 — both dates have passed with no OC on file. The extension on file was granted on 19 Feb 2021 (K-RERA extension no. EX/PRM/KA/RERA/1251/309/PR/210219/000393) — it has been used, its deadline has also passed, and no further extension is recorded.
Named utility/regulatory approvals
"Not found in catalog" can mean the approval genuinely isn't on file yet, or that it doesn't apply to this project (K-RERA doesn't tell us which). Ask the builder directly for any marked not found before relying on it.
K-RERA enforcement record (the regulator's own defaulter list & penalty orders)
⚠ Listed on K-RERA's official DEFAULTER list.
K-RERA complaint orders (4 complaints against a project of this name on K-RERA's orders register)
| Parties | Relief sought | Disposal | Order date |
|---|---|---|---|
| Prasannavenkatesh vs MAHAVEER CYGNET | Compensation for the delayed period and needs to handover the project Or I am ready to cancel the agreement and builder has to pay the amount with interest . | AUTHORITY | 25/07/2022 |
| S Srinivasa Kumar vs RED CORAL PROPERTIES | Immediate possession of Flat No.209(Block-C), delay compensation for two years, project completion in all respects, etc. | AUTHORITY | 22/09/2022 |
| ROHIT ELLUR vs MAHAVEER CYGNET | Seeking assistance from RERA to have the builder compensate for the huge delay and adhere to the possession/handover timelines. | AUTHORITY | 17/08/2023 |
| N Veeranna vs MAHAVEER CYGNET PROJECT | Not to interfere in the Complainant property SY no 112/1 and to remove the ENCROACHMENTS made in the said property. | AUTHORITY | 08/03/2022 |
⚠ Matched by PROJECT NAME (the orders register carries no registration number) — confirm the respondent above is this project's builder before relying on it.
Complaints on this project's K-RERA page (7 complaints listed against this promoter)
| Complaint | Subject (as filed) | Project | Status |
|---|---|---|---|
| CMP/210127/0007465 27-01-2021 | Possession delayed, my flat has not been handed over yet even after 2 years of delay versus possession timelines mentioned in the agreement. | MAHAVEER CYGNET | DISPOSED AUTHORITY BENCH5 |
| CMP/220905/0009976 05-09-2022 | Stalled Development of Project | MAHAVEER HORIZON (another project by this promoter) | DISPOSED AUTHORITY BENCH4 |
| CMP/220324/0009243 24-03-2022 | Pending Amenities for more than 3 years which is stalled | MAHAVEER HORIZON (another project by this promoter) | DISPOSED AUTHORITY BENCH4 |
| CMP/211031/0008508 31-10-2021 | Possession Delayed for 2.7 Years | MAHAVEER CYGNET | DISPOSED AUTHORITY BENCH5 |
| CMP/210212/0007622 12-02-2021 | DEVATION from Approved Site Plan and no setback provide with ENCROACHMENT of adjacent property SY no 112/1 to which STAY has been Granted in civil court | MAHAVEER CYGNET | DISPOSED AUTHORITY FULLBENCH |
| CMP/201214/0007248 14-12-2020 | Delay in Handing over the possession of Flat No.209(Block-C) | MAHAVEER CYGNET | DISPOSED AUTHORITY BENCH5 |
| CMP/221129/0010412 29-11-2022 | pending work for clubhouse,common area, kaveri water,wtp,stp, swearage line, electricity under ground cable, play area, gardens, not completed | MAHAVEER HORIZON (another project by this promoter) | POSTED FOR ORDERS AUTHORITY BENCH4 |
Listed on the project's own K-RERA detail page (registration-exact source). Rows on the promoter's other projects are track-record context — read the subject text, it is the complainant's own filed wording.
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.
| Role | Name | Registration / licence | Since | Locality |
|---|---|---|---|---|
| Architect | ANI SAMBYAL SINGH | - | 2016 | KSCMF BUILDING, CUNNINGHAM ROAD |
| Contractor | S P CONSTRUCTIONS | - | 2017 | NYANAPPANAHALLI, BEGUR HOBLI |
| Structural engineer | I VEERAIAH | - | - | - |
Red Coral has 3 other K-RERA-registered projects in our records. 3 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 higher 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.
⚠ 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 ₹22.6 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: ICICI Bank M.G.ROAD (IFSC ICIC0000002, a/c …6589). 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.
K-RERA has 1 project-photo upload.
These are developer-uploaded progress photos in the official document catalog. We do not treat them as proof of current site condition; use them as a prompt to ask for newer dated photos or a site visit.
The nearest major job hub is ~7 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Outer Ring Road / Manyata | 7 km |
| MG Road / city centre | 14 km |
| Kempegowda Int'l Airport | 14 km |
| Bellandur–Marathahalli belt | 20 km |
| Whitefield IT hub | 21 km |
| Electronic City | 29 km |
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.
Should you buy in MAHAVEER CYGNET?
This page is the free K-RERA filing summary. The full RERA Property Intelligence Report gives you buyer-complaint history, regulatory flags, builder track record, the official unit register, land title, NOCs, and (where the sanctioned plans support it) room-by-room unit data and an annotated site plan. See a real one first:
Sample: Sobha Silicon Oasis → · browse all sample reports →
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Built by Red Coral.
Figures are the developer's own quarterly disclosures on the Karnataka RERA register. "Built" is the highest construction % filed; "sold" is booked units over total. Not a claim about the developer's intent. Explore every project on our Bangalore project-health tool.
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Last checked against the RERA register: 27 Jul 2026