SAIBYA SQUARE

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. 69 official flat/unit rows, matching the 69 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

Litigation status was not supplied in the captured record. This is not confirmation that there are no cases.

All 15 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 2022, extended (Covid Extension) to 30 Sep 2023 — both dates have passed with no OC on file.

K-RERA names 2 project professional/vendor rows across Architect, 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.

Saibya Structures has 2 other K-RERA-registered projects in our records. 2 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.

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 ₹17.1 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: HDFC JP NAGAR. 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 6 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.