Sobha Surathkal Avenue Phase II
Builder / Developer|
1 Delivered • 100% On-Time Record

Sobha Surathkal Avenue Phase II

Dakshina Kannada (Mangaluru), Karnataka(Surathkal)1200 Sq.Ft., 1500 Sq.Ft., 1950 Sq.Ft.RERA RegisteredReady to Move
RERA Number
PRM/KA/RERA/2025/10164
✓ Government Registered
Total Units
Not Disclosed on Record
⚠️ Pending Filing
Project Area
0.55 Acres (24,000 sq.ft.)
✓ Land Survey
Possession Date
30-10-2024
⚠️ Check Agreement
Sobha Surathkal Avenue Phase II
Representative Visual • Physical site inspection required
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Official Government Verification Checklist

Verified Government Filings

Objective official evaluation against official Karnataka RERA filings. Not a commercial safety rating or investment endorsement.

RERA RegistrationActive Registration (Karnataka RERA)

Officially registered with government certificate PRM/KA/RERA/2025/10164.

Delivery SchedulePhysically Completed (Ready to Move)

Project marked 100% complete or occupancy certificate reported on state registry.

70% Escrow AccountDedicated Bank Account on Record (Punjab National Bank)

Designated 70% project bank account verified with Punjab National Bank.

Regulatory ComplianceZero Revocation Orders

No active stop-work notices, stay orders, or license revocations found on public state registry.

Sanctioned Blueprints6 Verified Filings Indexed

Town planning master layout, CA Form 3 filings, and progress certificates available in government vault.

⚖️ Legal Notice: This checklist reflects official disclosures filed on official state portals. A verified record does not constitute commercial safety or investment advice.

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What you should know

A quick summary of the most important information from available RERA records and documents.

Project Registered

Officially registered on Karnataka RERA portal

Sobha Dakshina Builders & Colonisers

Registered builder on record (DEV-20562)

Check Sale Agreement

Specific date not in public index

Ready to Move
Physical Work100%
Elapsed Time100%

Project Overview

Sobha Surathkal Avenue Phase II is recorded under Karnataka RERA by Sobha Dakshina Builders & Colonisers, situated in Surathkal, Dakshina Kannada (Mangaluru). All figures shown below are extracted from official government filings submitted to the authority.

Property Type1200 Sq.Ft., 1500 Sq.Ft., 1950 Sq.Ft.
Total UnitsNot Disclosed on Record (Unverified)
Project Land Area0.55 Acres (24,000 sq.ft.)
Current Work StatusReady to Move (100%)
Possession Target30-10-2024
RERA RegistrationPRM/KA/RERA/2025/10164
Registration Date15-05-2021
Land Title StatusJoint Agreement with Landowner
Designated Escrow BankPunjab National Bank

Location Record

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Resolving Survey Geolocation (Dakshina Kannada (Mangaluru))...
Dakshina Kannada (Mangaluru), Karnataka
12.9141° N, 74.8560° E
Plot / Survey No. 208, Surathkal, Dakshina Kannada (Mangaluru), Karnataka

Registered Locality: Surathkal, District: Dakshina Kannada (Mangaluru), State: Karnataka.

Builder On-Time Record

SO
Sobha Dakshina Builders & Colonisers
100% On-TimePunctual

Moderate Track Record

Filing Status Trail

State RERA Registration
15-05-2021
On Record
Construction Status
Ready to Move (100%)
Reported
Target Completion
30-10-2024
Check Agreement

The Mismatch Alarm: 4 Brochure vs RERA Discrepancies Audited

Truth Checker Active

We audited potential possession drift, net carpet usable area vs 35% loading, unapproved club extras, and 70% escrow ring-fencing for Sobha Surathkal Avenue Phase II.

70% Escrow Ring-Fencing Audit

RERA Act 2016 • Section 4(2)(l)(D)
Ring-Fenced Account

By central government rules, 70% of every rupee paid by buyers must be deposited into this designated separate scheduled bank account. Funds can only be withdrawn to cover land acquisition and actual construction expenditure.

Designated Bank:Punjab National Bank
Separate RERA Escrow A/C:•••• 4796
Branch IFSC Code:PUNB••••
Mandatory 3-Tier Withdrawal Certifications
1. ArchitectForm 1 Progress
2. EngineerForm 2 Structure
3. CA AuditForm 3 Expense
Buyer Protection Rule: Never issue booking cheques or transfer payments to a builder’s personal, general corporate, or third-party marketing account. All payments must name this designated separate RERA escrow account.

Cost vs Construction Progress Ratio

Capital Diversion & Overdraw Risk Audit
Certified Metrics

Cross-checks certified construction expenditure against Site Engineer structural completion. Protects buyers against developers drawing excessive project cash before erecting superstructure.

Physical Site Progress:100% Completed
Land Cost₹2.76 Cr6% of outlay
Building Cost₹41.24 Cr94% of outlay
Total Outlay₹44 CrForm 3 CA Total
Financial Divergence Risk:Low / In-Sync

Expenditure certifications on Form 3 are proportional to physical superstructure milestones recorded by the site engineer.

Source: Chartered Accountant Form 3 & Engineer Form 2

Carpet Area Transparency & Loading Check

RERA Section 2(k) Usable Area Mandate
Section 4 Protected

Before RERA, builders inflated property prices with "Super Built-up" jargon, adding 30–40% phantom area for common staircases and lobbies. RERA mandates pricing strictly on Net Usable Carpet Area.

RERA Carpet Area (Net Usable)Internal usable space between inner walls (what you physically live in)
100% Legal Basis
Exclusive Balcony / VerandahAttached private open space, separately measured and stated
Disclosed Separately
Estimated Loading FactorRatio of common amenity area added by marketing brochures
~26%–30% (Typical)
Agreement Clause Check: Ensure your Agreement for Sale (AFS) specifies the exact square footage and square meters of RERA Carpet Area. If the actual carpet shrinks by >3% on handover, the builder must refund the difference with interest.

Government Due-Diligence Checklist

6 Critical Checks Before You Commit
6/6 Evaluated

Every high-stakes property transaction requires confirming these 6 essential milestones before paying beyond the 10% token.

1. 30-Year Title Search & Freehold Ownership
Joint Agreement with Landowner
Verified
2. Land Loan & Clean Title Certificate (EC)
Official search verifies zero private mortgages or hidden loans
Verified
3. Sanctioned Master Layout Plan
Approved by Municipal / Urban Planning Authority
Verified
4. Commencement Certificate (CC)
Authorizes physical breaking of ground & tower structure
Verified
5. Fire NOC & Environmental Clearance
Mandatory high-rise life safety clearance (SEIAA)
Verified
6. CA Form 3 Escrow Audit & Quarterly QPR
Filed on Karnataka RERA official portal
Verified
Cross-checked against state registry filings