Hi everyone,
Sharing my personal experience as a buyer at KNS Candrill, a plotted development project near Doddaballapura, Bangalore. This may help those considering similar investments or navigating early-stage real estate purchases.
Context:
Booked Plot No. 246 in Oct 2024
Banks were not ready to provide loan until Jan 2025 as its a under development project.
I was forced to switch bank based on approval readiness after Jan 2025
Once loan approval, paid over 20% of the total consideration, including stamp duty
Was awaiting execution of Agreement for Sale, which never happened
Developer unilaterally cancelled the booking citing delay, despite ongoing communication on the agreement content and illegal demand letters issued
Key Issues:
Cancellation without Agreement Execution As per Section 13(1) of RERA, a developer cannot collect more than 10% without a registered Agreement for Sale. I had paid 20%, yet no agreement was executed before cancellation.
Changing Justifications The legal reasoning behind cancellation kept shifting across emails at one point citing my withdrawal(which never happened), then citing booking form clauses applicable only after agreement signing.
False Claims in Demand Letter I received a demand letter in April 2025 falsely stating that the Agreement has been signed despite no such document existing.
Contradictory Communication Even after cancellation, I received milestone update emails as if my booking was still valid.
No Response to Formal Rebuttal I sent a formal rebuttal to the cancellation, requesting reinstatement and clarification. No reply has been received to date.
Entities Involved(Multi-Layered Structure):
KNS Equity Estates LLP Listed promoter on RERA
Unitern / Aris Unitern RE Solutions Sales & CRM execution(emails from u/knscandrill.co.in)
Nature Residences Real Estate Pvt Ltd Claimed source of signing authority(not listed on RERA)
Altern Capital Listed in RERA documents as financial backer with ₹;30 Cr commitment
KNS Infrastructure Pvt Ltd Branding used across marketing, email signatures, brochures
The branding and CRM operate under KNS, but the legal promoter is a separate LLP.
RERA Complaints on the project
Complaint No. 00371/2025 by Holy Cow Advisors Pvt Ltd
Filed against the same promoter on the same project
Currently listed as Under Enquiry Authority Bench 4 on RERA Karnataka portal Plot Status: Plot No. 246 is currently under formal dispute. I have retained all documentation and will pursue action via formal legal and public channels.
Takeaways for Other Buyers:
Be highly cautious about under development projects.
Insist on clarity around signing authority, promoter identity, and CRM responsibility
Do not assume brand= legal promoter
Watch for demand letters and cancellation tactics without agreement execution
Review 5-star Google reviews carefully - many are from individuals linked to internal sales/partner networks Everything shared here is my personal experience and based on documented communication with the developer. Let me know if anyone else here has dealt with similar developer-side booking cancellations without a registered agreement, especially in plotted development layouts. Happy to share specifics if it helps.
Stay cautious and informed.
- Thank You! We appreciate your effort.
