RERA project · Residential/Group Housing
INNOVATIVE PALACIA
by SHUBANKARA DEVELOPERS · 168 homes · 2.35 acres · 3 towers · Bengaluru East
Upcoming Under construction, due Sep 2027. 90% built with 69% of the time used. 38% of homes booked.
At a glance
Due 30 Sep 2027. 69% of the time from RERA approval to the deadline has passed.
64 of 168 homes, as the builder reported for Q4 2025-26.
Similar projects within 3 km: 75 per acre. 64% of the land is left open.
Complaints to RERA about this project.
No litigation on the land or the project, as the builder declares it to RERA.
It is the only RERA project registered under this company name in Bengaluru Urban. Builders often register projects under other companies.
These answers come from the builder's own filings on RERA Karnataka and RERA's records. They are not checked on site; each section below shows the detail.
When will it be ready?
- Work started2 Aug 2024
- Approved by RERA19 Sep 2024
- Today24 Oct 2026
69% of the time to the deadline has passed.
- Deadline30 Sep 2027
The date it must be complete by.
- If it slips like a typical project1 Jul 2028
35% of 4,105 active projects in Bengaluru Urban have extended their deadline, by a median of 275 days.
How much is built, each quarter
Built, as the builder reports itTime used by then
When the bar is short of the mark, construction is behind a steady pace. Builders rarely work at a steady pace, so read it as a rough guide.
By tower, Q4 2025-26
CaveatDates from the RERA Karnataka project list, 24 Oct 2026. Progress as the builder reports it each quarter, certified by its architect and engineer; not checked on site.
How much is sold?
Still available: 64 × 2 BHK, 29 × 2.5 BHK, 11 × 3 BHK.
Booked, by type
Booked, each quarter
Booked means sold or reserved, as the builder reports it. It says nothing about prices.
CaveatFrom the builder's quarterly updates to RERA Karnataka.
What's being built?
Sizes from the builder's flat-by-flat list on RERA: the size most homes of each type have, and the range. Carpet area is the floor area inside the walls of a home, the figure RERA requires builders to sell by. Land share (the undivided share) is the part of the land that comes with each home.
Towers
Block A: 63 homes, 15 m tall, 1 basement · Block B: 40 homes, 15 m tall, 1 basement · Block C: 65 homes, 15 m tall, 1 basement
Amenities
- Electricity 20 m²
- Community Hall 140 m²
- Outdoor Sports facility 412 m²
- Indoor Sports facility 93 m²
- Swimming Pool 182 m²
- Gym 81 m²
- Parks 900 m²
- Power Backup 15 m²
- Water and Sanitation 28 m²
CaveatAs registered by the builder on RERA Karnataka.
How crowded is it?
Homes per acre
Fewer homes on each acre usually means less crowding: less traffic, quieter common areas.
Land left open
The share of the land not built on, which includes roads.
- Land
- 2.35 acres
- Ground covered by buildings
- 37% of the land
- Floor-area ratio
- 1.75
- Parking
- 1.14 per home
- Built-up area, all floors
- 2,69,582 sq ft
9,520 m²
3,479 m²
Floors built per unit of land: 1.75 m² of floors for each m² of land.
191 covered, 0 open
25,045 m²
CaveatAs registered on RERA Karnataka. "Typical" is the median of active residential/group housing projects with a land area on RERA; the comparison is ours.
Who is building it?
This is the only project registered under this company name in Bengaluru Urban. Builders often register projects under other companies.
The company
- Registered as
- SHUBANKARA DEVELOPERS
- Type
- Partnership Firm
- PAN
- AEWFS5532F
- GSTIN
- 29AEWFS5532F1ZF
The land is owned together with others (a joint development).
CaveatFrom the builder's own filings on this project's RERA page; complaints from RERA's list.
Paperwork and legal
- Registered with RERAPRM/KA/RERA/1251/446/PR/190924/007049 · Approved
- Building plan approvedBBMP - Bruhat Bengaluru Mahanagara Palike · BBMP/Addl.Dir/JDNORTH/0058/22-23 · 2 Aug 2024
- Litigation on the landNone declared
- Litigation on the projectNone declared in the Q4 2025-26 update
- Water sourceBoreWell
Complaints to RERA about this project
None on RERA Karnataka.
Documents
136 files on the RERA page: Approved plan ↗, Commencement certificate ↗, Brochure ↗.
CaveatAs filed on RERA Karnataka. Complaints are listed without the names of the people who filed them.
Project cost
Money from buyers, each quarter
| Quarter | Collected from buyers | Withdrawn from the project account |
|---|---|---|
| Q3 2025-26 | ₹17.2 cr | ₹17.2 cr |
| Q4 2025-26 | ₹5.6 cr | ₹5.8 cr |
Builders fill these in differently: some give the quarter, some the total so far, and the totals don't always add up. Read them as rough.
CaveatCost as certified by the builder's chartered accountant at registration.
What's around it?
Open the full location report on the map
Metro, rail, bus, airport
- Nearest operational metro station1.96 kmReliable
- Nearest railway station5.88 kmReliable
- Bus stops within 500 m3Caveat
Parks, shops, daily needs
- Supermarkets within 1 km12Caveat
- Parks within 1 km10Caveat
- Nearest lake / water body (≥2 ha)0.45 kmCaveat
Hospitals
- Nearest hospital0.07 kmCaveat
Schools
- Schools in pincode 560037 (UDISE+ census)65Caveat
- Private (classes 1–10 or 1–12), government and central schools within 1 km4Caveat
- Schools with library + playground + ICT lab (1 km)1Caveat
Police and crime
- Reported IPC/BNS crimes, Bengaluru City (2025)37,181 casesCaveat
- Police station jurisdictionH.A.L. PSReliable
Flood and waterlogging
- BBMP-listed flood / low-lying spots within 1 km1Caveat
Water availability
- Groundwater stage (CGWB block assessment)Over ExploitedCaveat
- Groundwater depth at nearest CGWB well4.5 m below groundCaveat
- In an IISc groundwater-critical ward (2025 outlook)noCaveat
Power reliability
- Avg outage minutes per feeder, city circles (2026-08)18.9 min/monthCaveat
- Un/partially-electrified layouts within 1 km0Caveat
Landfills, sewage plants, industry, aircraft
- Nearest named landfill / dump site (≥2 ha)9.9 kmReliable
- Nearest sewage treatment plant1.47 kmCaveat
- Industrial zones within 1 km2Caveat
- Nearest airfield runway (any, incl. military)3.15 kmCaveat
- Nearest commercial-airport runway25.34 kmReliable
- Distance to runway approach-path proxy24.83 kmCaveat
Upcoming infrastructure
- Under-construction projects within 3 km (verified)1Reliable
- Earlier-stage projects within 3 km (sanctioned/tendered/observed)3Caveat
ReliableFrom our location report at the builder-entered pin (12.96023, 77.71203), 2026-10-24. Each figure's source and caveat are in the full report.