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Who Is the Real Promoter of Purva Northern Lights?


The RERA promoter is the entity that owns the land and holds the legal rights — for this project that is KVN Property Holdings LLP. The developer is the partner that designs, builds and delivers the homes — here, Puravankara Limited. Both names appear on the RERA filing because the project is a joint venture: KVN holds the land, Puravankara executes the build.

Project Team at a Glance

Team RoleCompany / Name
Official RERA PromoterKVN Property Holdings LLP
Main Builder / DeveloperPuravankara Limited
Project ArchitectKembhavi Architecture (Jayanagar, Bengaluru)
Construction ContractorKalpataru Project International
Project EngineerPruthviraja
RERA Chartered AccountantVASUDHESH & ASSOCIATES (ICAI 231873)

FAQS


1.What are the RERA registration numbers for Purva Northern Lights?

Phase 1 is PRM/KA/RERA/1251/309/PR/120326/008523. Phase 2 is PRM/KA/RERA/1251/309/PR/120326/008524. Phase 3 is PRM/KA/RERA/1251/309/PR/120326/008525. All 3 phases received Karnataka RERA approval on 12 March 2026. Details can be verified on rera.karnataka.gov.in.

2.How does the 70 percent escrow rule protect my investment?

Under RERA, 70% of all buyer payments must stay in a dedicated escrow account. These funds can only be used for construction of the registered towers. For a 2 BHK buyer investing ₹1.11 Cr, approximately ₹77.7 Lakhs is legally protected and can only go towards building your specific phase.

3.Can the builder change my flat size after RERA approval?

No. Once RERA-approved plans are registered, the carpet area is legally fixed. The builder would need written consent from 66.6% of all allottees to make any changes. Buyers receive the exact carpet area stated in the sale agreement — 408 sq.ft for 1 BHK, 670 to 768 sq.ft for 2 BHK, 1,003 to 1,077 sq.ft for 3 BHK, and 2,235 to 2,332 sq.ft for 4 BHK.

4.What happens if possession is delayed beyond December 2029?

If possession is delayed beyond 31 December 2029, the builder is liable to pay monthly interest to buyers under RERA rules. The interest rate is linked to the State Bank of India MCLR plus 2%. Buyers can also file a complaint on the Karnataka RERA portal for delayed possession.

5.Does RERA cover structural defects after possession?

Yes. Under RERA Section 14(3), Puravankara must fix any structural defects, poor workmanship, or material failures reported within 5 years of possession at no cost to the buyer. This 5-year defect liability period applies to all 2,973 apartments across all 3 phases.

6.What is the total RERA-filed inventory of Purva Northern Lights?

The total RERA-filed inventory is 2,973 units across all 3 phases. Of these, 2,673 are saleable apartments (1 BHK, 2 BHK, 3 BHK, and 4 BHK / Duplex configurations) marketed for sale, and 300 are EWS (Economically Weaker Section) units — 100 per phase, carpet area approximately 75 sq.ft each — allocated under Karnataka housing policy as a statutory inclusion for K-RERA-approved large townships. Phase-wise breakdown: Phase 1 has 1,225 units (1,125 saleable + 100 EWS), Phase 2 has 1,208 units (1,108 saleable + 100 EWS), and Phase 3 has 540 units (440 saleable + 100 EWS). All counts are verifiable on the Karnataka RERA portal under registration numbers PRM/KA/RERA/1251/309/PR/120326/008523 (Phase 1), 008524 (Phase 2), and 008525 (Phase 3).

7.Who is the official RERA promoter for Purva Northern Lights?

The official RERA promoter is KVN Property Holdings LLP — the entity that owns the 24.59-acre land at Bagalur and filed the RERA registrations. Puravankara Limited is the developer partner that designs and constructs the homes. The full legal team list is in the "Who Is the Real Promoter" section above.

8.Why are two companies listed on the RERA filing?

Indian real estate often uses a joint-venture structure: one party brings the land (KVN Property Holdings LLP), the other brings construction expertise and brand (Puravankara Limited). Both names appear on the RERA filing because both have RERA-defined responsibilities — KVN as land-holding promoter, Puravankara as building developer.

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