Mithila Splendor at ₹89L looks decent, but their last project had 15-month delays. For investors, that's huge. What's their current delivery status like? Anyone know their typical completion times? Worried about potential lost rental income.
Mithila Splendor in Varthur / Varthur Road, Bengaluru offers 2 BHK from ₹0.9 Cr, 3 BHK from ₹1.03 Cr. Built by SRI Jagati Properties across 1.83 acres with 124 units in 2 towers, the project ensures efficient space utilisation and premium specifications.
Yes, Mithila Splendor by SRI Jagati Properties (RERA: PRM/KA/RERA/1250/304/PR/050224/006608) is approved by SBI, HDFC, ICICI, and Axis Bank. With prices starting at ₹89.6 L for 2 BHK from ₹0.9 Cr, 3 BHK from ₹1.03 Cr, buyers can avail home loans up to 80–90% of the property value.
Mithila Splendor by SRI Jagati Properties is RERA registered (number: PRM/KA/RERA/1250/304/PR/050224/006608), ensuring it meets all regulatory requirements. RERA registration protects buyers' interests by mandating timely delivery and penalising delays.
Yes, with RERA registration PRM/KA/RERA/1250/304/PR/050224/006608, booking an under-construction unit at Mithila Splendor is well-protected. RERA mandates that 70% of collections are held in an escrow account used only for construction of Mithila Splendor.
Within 4.5 km of Forum Value Mall. Mithila Splendor offers 2 BHK from ₹0.9 Cr, 3 BHK from ₹1.03 Cr starting at ₹89.6 L with Amphitheater, Cricket Pitch, Volleyball Court, Swimming Pool, Skating Rink, and more, spanning 1.83 acres with 124 units in Varthur / Varthur Road, Bengaluru. RERA registered under PRM/KA/RERA/1250/304/PR/050224/006608 for full buyer protection.
Comments
Honestly, I've seen both sides. A friend of mine got possession from a 'delayed' builder only 3 months after the RERA date, and the quality was excellent. It's not always black and white. For Mithila Splendor, the ₹90 L –
Hmm, that's concerning to hear. But I also saw some good reviews for Mithila Splendor's design. Maybe they've improved? Does anyone know the official RERA possession date for this specific project? Sometimes builders learn from past mistakes, no? I mean, 89L for a 2BHK in this market is decent.
Totally agree with U5. My brother booked a flat in Akshayanagar with a builder who promised the moon, and the RERA date was 2025. Now they've already sent a notice for a 6-month extension, and construction is barely 50% complete. It's a huge financial and mental stress. For Mithila Splendor, I'd suggest checking their financial health and seeing if they have sufficient funds to complete the project without relying too much on buyer payments, especially since they have 124 units to deliver. That's a lot of inventory.
U4, 2026-10-01 is still far, and knowing their history, I'd be very skeptical. Builders often use these long timelines to give themselves buffer, but even then, delays happen. The current market conditions, with rising interest rates, also make these delays even more painful for buyers. Don't fall for the 'learning from mistakes' line easily.
U3, as per RERA, the possession date for Mithila Splendor is 2026-10-01.
U1, you're not alone in this worry. Mithila Splendor ka builder ka track record on delays is quite famous, unfortunately. My cousin almost booked with them in Aavalahalli a few years back, but backed out after hearing similar stories. Always check their RERA status thoroughly and don't just rely on what the sales team says. They'll promise anything to close the deal.
Guys, I'm seriously looking at Mithila Splendor for my first home, the 2BHK at ₹89L looks really attractive on paper. But then I heard about their last project, those 15-month delays are a huge red flag for me. For investors, that's a big deal, but even for me as a first-time buyer, it means paying EMI and rent simultaneously for longer, which is a nightmare. What's their current delivery status like? Anyone know their typical completion times for ongoing projects? Really worried about potential lost rental income if I plan to move in and let go of my current rental.