MaluruPlotted Development
THE GROOVE
SAGE VENTURES
Dec 2024started
Feb 2027target completion
Declared cost₹21.94 CrScale109 plotsAuthorityRERA Karnataka
SHIGRA PALMS
01
Complete project overview
RERA Karnataka · Registration filing- Project name
- SHIGRA PALMS
- Land area
- 16,359 sq m
- Covered area
- 16,359 sq m
- Open area
- 13,992 sq m
Timeline
Project startedJul 2017
RERA registeredDec 2017
Proposed completionAug 2020
TodaySep 2026
02
Builder’s track record
RERA Karnataka · Builder registrationM/S SRISHIGRA BUILDERS DEVELOPERS
Bengaluru UrbanBased in
1Projects
1City
2017–2020Active
Timelineevery project, start → promised completion
The only project Horizon has read from this builder so far. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.
03
Location & price analysis
RERA Karnataka · Registration filing- Taluk
- Kolar
- District
- Bengaluru Urban
- Address
- Dommalur Village,Lakkur Hobli,Malur Taluk,Kolar District., Dommalur Village,Lakkur Hobli,Malur Taluk,Kolar District.
What’s nearby
SchoolsNo schools within 2km
HealthcareNo hospital within 5km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 3.0 km · Dabaspete - Hosur HighwayPrimary road 2.3 km · Malur - Hosur RoadNo metro or railway within 5kmBus stop within 500m
Water & environment
Water body 516 m
distances only — not a flood assessmentPrice analysisdeclared build cost — not a sale price
₹9.00 Cr declared. What that works out to:
₹511/sq ftof plotted area₹5,502/sq m
0%of the cost is land₹0/sq ft of land
This is what the builder filed it costs to build — land plus construction, at registration — not a sale price. The gap to an asking price is their margin, taxes and anything the filing doesn’t carry.
04
Government Guidance Rate
Karnataka registration departmentIn Karnataka it’s called the guidance value.
No government guidance rate is shown for this project.
Karnataka's guidance-value gazettes are in Horizon's record, but this project's address doesn't name a place any of its sub-registrar's tables print.
That is a statement about what Horizon can place — not a sign that no rate exists, and not a signal about the project.
05
Planning authority
RERA Karnataka · Approved building planLayout Permit
The promised possession date (31 Aug 2020) has passed. This record can’t confirm whether the project was completed — that sign-off is the occupancy certificate, below.
The occupancy certificate — the proof that isn’t here
An approved plan is the government’s approval to build. It is not proof the project was built to that plan. That sign-off is the Occupancy Certificate (OC) — issued by the planning authority, the same body that approved the plan, not by RERA— and it isn’t in this record. Ask the builder for it, or check with the authority. Without an OC, banks may decline home loans, and any deviation from the approved plan carries penalty or demolition risk.
The approving body, at scale
Local Planning Authority
Town & Country PlanningHas approved 1,518 RERA projects — about 1 in 6 in Karnataka.
a mixed market — 42% apartments · 58% plotted layouts.
- Builders
- 1,212
- On record
- 42,750 flats · 54,584 plots
- Reach
- 128 taluks
- Since
- 2017
More layout-heavy than Karnataka overall — 58% plots here vs 38% statewide.
Volume and mix are context, not a verdict — a busier body isn’t a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.
06
Complaints & litigation
RERA Karnataka · public recordComplaints before RERA Karnataka
2 complaints · 2 disposed · 0 open
A disposed complaint may have been resolved for or against the builder, and only disputes escalated to RERA Karnataka appear here at all.
| Number | Date | Status | |
|---|---|---|---|
| 01549/2023 | Project Amenities not completed as per project brochure, Pending Villa [no.] Construction Issues, Harassment on extra sq.ft charges at exorbitant rates when not asked, Plan deviation | 6 Oct 2023 | Disposed — full bench of the authority |
| CMP/210917/0008346 | The Builders RAMESH REDDY , BHASKAR REDDY, MANJUNAATH have cheated us by looting our life long hard earned money | 17 Sep 2021 | Disposed — authority bench 4 |
What the builder declared
Declared to RERA Karnataka- Litigation
- None declared in this filing
Only what the builder declared, or what RERA Karnataka records itself, can appear here — a case filed elsewhere and never declared would not.
Not a verdict. A complaint can be dismissed and a case can be won; an order can be appealed.
Not a clean bill. An empty record means nothing was filed with RERA Karnataka, or that this register doesn’t publish it — never that nothing happened.
07
Other projects nearby
The register · within 25 km152 plotted projects still under way within 25 km. Step out ring by ring:
Of the 32 projects the radar draws within 6 km — every kind, every stage — 15 are plotted projects still under way. This list keeps only those, and looks further out.
1 project within 1 km — showing the nearest 1.
Projects within 25 km, nearest first — closed ones excluded, nothing ranked. This project’s coordinate is approximate, so distances are rough.
What this record cannot tell you
- Build quality — no filing records how well it was actually built.
- Private disputes — only complaints escalated to the authority appear here.
- What it will be worth — the record is the past; it does not price the future.