Modern Spaces Felicity Engrace 2

Project facts and comparisons

Source: K-RERA. Each comparison names the group of projects used.

Project areas, parking and inventory

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. 340 official flat/unit rows, matching the 340 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

The promoter answered No to the land-litigation question. This is a filed declaration, not a court search.

⚠ 7 of 28 compliance document slots are filed as under process / not yet usable: Board Resolution for Authorized Signatory/Certificate of Authorization, Certificate from Registered Engineer indicating the structural safety of the building, Urban Land Ceiling, Change of Land Use, District Magistrate and more.

1 additional compliance slots are filed as Not Applicable.

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

⚠ Registration validity has lapsed: originally due 30 Jun 2026 — which has passed with no OC on file.

See the filed approval statuses and linked documents →

3 of 3 applicable approvals are marked Approved in the filing. Check the linked documents for their scope and validity.

7 further authority slots are marked not applicable in the filing.

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 (2025-Q3): ₹1.22 Cr collected from buyers, ₹0.00 Cr withdrawn from the project's escrow account.

• 98% of registered units are shown as sold/booked, but no completion certificate is on file yet.
• The filed unit sales count did not move across the available QPR window because the project was already effectively sold out.
• The builder has drawn 0.00x of buyer collections from escrow (about 0% of the ₹1 Cr collected) — money is largely staying in the regulated escrow account rather than being pulled out ahead of spend, which is the safer direction. A ratio near or above 1.0 would be the one to scrutinise.

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 ₹38.8 lakhs per unit — the developer's own declared construction/development cost, not a unit agreement or asking price. This project-cost average cannot establish whether a quoted unit price is fair. Compare the exact unit, area basis, date and included charges in any price evidence.

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 of the listed job hubs is about 11 km in a straight line from the mapped location. Road distance and travel time will differ.

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.