Karnataka RERA compliance scorecard
Modern Spaces
Part of Modern Group — 3 companies, 15 registrations. See all companies
76.1/100 · Mostly compliant
As of 8 Sep 2026, Modern Spaces holds a Pinly RERA Compliance grade of B (76.1/100) across 5 Karnataka RERA registrations.
It ranks 88 of 295 graded builders and scores higher than 37% of all developers scored.
- RERA registrations
- 5
- Approved
- 5
- Rank (graded builders)
- 88 of 295
- Districts
- 1
Registered in Bengaluru Urban.
How the score is made up
Five checks, each the share of Modern Spaces's own registrations that pass it. Weights: delivers on the promised date 30%, withdrawals in line with collections 20%, files quarterly progress updates 25%, reports progress consistently 10%, registration in good standing 15%. Checks that don't apply are left out and the rest re-weighted; small counts are blended toward the state average (2 pseudo-registrations). Full methodology.
Delivers on the promised date
100% compliant · 26.2 of 30.0 pts
2 of 2 registrations due between 1 Oct 2025 and 8 Sep 2026 were reported 100% complete in the developer's own update after the due date.
Blended toward the state average: 100% on its own filings → 87% used in the score.
Withdrawals in line with collections
38% compliant · 8.6 of 20.0 pts
1.5 of 4 registrations with quarterly money filings showed withdrawals from the project account in line with collections; 2.5 counted against (a borderline quarter counts half).
Blended toward the state average: 38% on its own filings → 43% used in the score.
Files quarterly progress updates
100% compliant · 19.3 of 25.0 pts
2 of 2 running registrations approved before 1 Oct 2025 have filed a quarterly progress update.
Blended toward the state average: 100% on its own filings → 77% used in the score.
Reports progress consistently
67% compliant · 7.3 of 10.0 pts
2 of 3 registrations with two or more quarterly updates reported progress that moved forward; 1 went backwards or stalled near the deadline.
Blended toward the state average: 67% on its own filings → 73% used in the score.
Registration in good standing
100% compliant · 14.7 of 15.0 pts
5 of 5 registrations are in good standing — none revoked, withdrawn or with contradictory dates.
Blended toward the state average: 100% on its own filings → 98% used in the score.
Source: Karnataka RERA public register (rera.karnataka.gov.in), snapshot 18 Sep 2026. Scores as of 8 Sep 2026, method v1.0 — how this is calculated. A grade is a signal from the developer's own public filings, not a legal finding.
Registrations 5
As filed with Karnataka RERA, newest approval first.
| Project | District | Type | Status | Proposed completion |
|---|---|---|---|---|
| Green Storeys | Bengaluru Urban | Residential/Group Housing | Approved | 31 Dec 2026 |
| Engrace 4 | Bengaluru Urban | Residential/Group Housing | Approved | 31 Dec 2026 |
| Engrace 3 | Bengaluru Urban | Residential/Group Housing | Approved | 1 Jun 2026 |
| Modern Spaces Felicity Engrace 2 | Bengaluru Urban | Residential/Group Housing | Approved | 30 Jun 2026 |
| Modern Spaces Felicity Engrace 1 | Bengaluru Urban | Residential/Group Housing | Approved | 1 Jun 2025 |
Modern Spaces — questions buyers ask
Is Modern Spaces registered with Karnataka RERA?
Yes. As of 8 Sep 2026, Modern Spaces appears as the promoter on 5 registrations on the Karnataka RERA public register — 5 approved, in Bengaluru Urban. Source: Karnataka RERA public register, snapshot 18 Sep 2026.
Is Modern Spaces RERA compliant?
Modern Spaces holds a Pinly RERA Compliance grade of B (76.1/100, "Mostly compliant") as of 8 Sep 2026, computed only from its own filings with Karnataka RERA. Its weakest area is "withdrawals in line with collections": 1.5 of 4 registrations with quarterly money filings showed withdrawals from the project account in line with collections; 2.5 counted against (a borderline quarter counts half). The grade is a signal from public filings, not a legal finding.
How many projects has Modern Spaces registered with Karnataka RERA?
5 as of 8 Sep 2026, the earliest approved in 2022 and the latest in 2025. Source: Karnataka RERA public register, snapshot 18 Sep 2026.
Are Modern Spaces's projects delayed?
2 of 2 registrations due between 1 Oct 2025 and 8 Sep 2026 were reported 100% complete in the developer's own update after the due date. Completion dates before 1 Oct 2025 are not judged, because the register has no quarterly updates before then to tell a finished project from a late one.
Does Modern Spaces file quarterly progress reports with RERA?
2 of 2 running registrations approved before 1 Oct 2025 have filed a quarterly progress update.