Sattva City Project Land Owner/Co-promoter Details
The Sattva City project in North Bangalore is developed in partnership with The Hamlet, which is the main land owner and co-promoter. The land covers survey numbers such as 5/2, 4/2, 45, 67, 167, 169/1, 169/2, 172/1-3, 176/1-2, 177, 178/1-2, 179, 180, 181/2, 185, and 43/16. For all these land parcels, The Hamlet holds a fixed 25% land owner share. Clear land records and ownership details can be verified through the Karnataka RERA and Bhoomi portals to check title details and project legality before investing.
Who is the Land Owner and Co-Promoter of the Sattva City Project?
In large real estate projects in Bengaluru, developers usually sign a Joint Development Agreement (JDA) with the land owner before starting the project. For Sattva City, the main land owner and co-promoter is The Hamlet. They gave the land for the project through a legal agreement with the developer.
As per the agreement, The Hamlet gets a fixed share of the project, either in flats or in project revenue. Records show that The Hamlet has a 25% land owner share in the project land. The project is built on 53 acres of land. It includes survey numbers such as 5/2, 4/2, 45, 67, 167, 169/1, 169/2, 172/1-3, 176/1-2, 177, 178/1-2, 179, 180, 181/2, 185, and 43/16. These survey numbers are the official land records that together form the total project land area.
Legal Transparency & RERA Registration
The Sattva City project is registered with the Karnataka Real Estate Regulatory Authority (KRERA). The registration helps maintain clear legal records for buyers and investors. RERA Number: PRM/KA/RERA/1251/472/PR/270226/008494. Both the Developer (Sattva City Private Limited) and the Land Owner / Co-promoter (The Hamlet) are listed on the RERA portal. The listing shows:
- Clear land ownership records
- Defined roles for the developer and land owner
- Legal responsibility to complete the project on time
Buyers and investors can check land details on official websites to confirm ownership, title details, and project legal status before investing.
Legal Structure & Ownership Agreement
The legal structure shows how the project is arranged between the land owner and the developer. In projects like Sattva City:
- The landowner gives the land for the project
- The developer builds the homes and other facilities on that land
- Both parties sign a Joint Development Agreement (JDA)
The agreement clearly explains:
- Who owns the land
- Who will build the project
- How the flats or profits are shared
- What responsibilities does each party have
All these details are legally recorded and also listed on official portals like RERA, which helps keep the project clear and safe for buyers.
Why Land Owners and Co-Promoters Matter for Investors?
For home buyers, knowing who owns the land is just as important as knowing who builds the project. In a large 53-acre project like Sattva City, the partnership between the developer (Sattva Group) and the land owner / co-promoter (The Hamlet) is important for investment safety.
- Clear Land Ownership:
The land owner holds the original land documents. The survey numbers show that the land is legally owned and approved for residential use.
- Legal Responsibility Under RERA:
Both Sattva City Private Limited and The Hamlet are listed on the RERA portal, so both have a legal responsibility to follow the project rules and timeline.
- Land Owner Share:
Hamlet has a 25% share in the project. Some flats belong to the landowner, and some belong to the developer.
- Legal Record Check:
Buyers can check land records like the Encumbrance Certificate (EC) to make sure there are no loans or legal problems on the land.
- Bank Approval
Banks check both the developer and the land owner before giving home loans. Bank approval shows the project has passed important legal and financial checks.
FAQs
1.Who is the developer of Sattva City Bangalore?
The developer of the project is Sattva City Private Limited, which is part of the Sattva Group. The group builds many residential and commercial projects in different cities in India.
2.What is the role of the co-promoter in Sattva City?
The co-promoter provides the land for the project. In return, the co-promoter receives a share of the flats or project revenue as per the Joint Development Agreement.
3.What is the total land area and unit count of the project?
The project is spread across about 53 acres of land. It has 13 residential towers with (2B+G+21 floors). In total, the project includes around 3,460 homes, from studio apartments to 4 BHK penthouses.