Allegro Mahabaleshwara Ventures

Allegro Mahabaleshwara Ventures LLP is a Bangalore-based developer focused on mid-to-upscale residential apartments under the "Classique" brand, with completed projects in Yelahanka and Anantapura. The firm is led by two designated partners — Dharmendra B. Mehta (Chartered Accountant, ex-IRS senior officer with 20+ years in corporate governance) and Sanjith Naik (architect, MBA, with executive real-estate education and Executive Director at Mahabaleshwara Promoters) — combining finance, governance and design expertise. Notable deliveries include Classique Woodsville (completed Oct 2022) and Classique Windchimes (launched Jul 2022, completed Oct 2024); the wider Allegro Group has a sister project, Aristaa Enclave (Mangalore), which earned a CRISIL 5-star CREST rating.

Company incorporated on 22 January 2020 and has been executing projects since 2022. Early project launches include Classique Woodsville (construction completed Oct 2022) and Classique Windchimes (launched Jul 2022, completed Oct 2024), showing delivery within a few years of incorporation.

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Developer Projects

Primarily residential apartments (2BHK and 3BHK) in suburban Bangalore locations (Yelahanka, Anantapura) with boutique-to-small-scale developments (15–34 units). Projects emphasize gated-community amenities, sustainability features (rainwater harvesting, STP), natural ventilation/light and mid-to-upscale finishes.

Classique WindchimesResidential Community | Apartment

AnantapuraGeddalahalliYelahankaBangalore

Classique WoodsvilleResidential Community | Apartment

RamanashreeYelahankaBangalore

FAQ

Who are the owners ?

Dharmendra Bansilal Mehta — Designated Partner; Chartered Accountant & Cost Accountant by training, former senior officer of the Indian Revenue Service, 20+ years of corporate governance experience.
Sanjith Naik — Designated Partner; Architect (MIT-Manipal), MBA (Texas State University), executive education in real estate (Harvard), currently Executive Director at Mahabaleshwara Promoters and Builders. Note: The firm operates as Allegro Mahabaleshwara Ventures LLP and is part of the broader Allegro Group network.

When was the company founded ?

Incorporated on 22 January 2020. (Reported company age: approximately 5 years 9 months.)

Is this a public company ?

No. Allegro Mahabaleshwara Ventures LLP is a privately held limited liability partnership and is not publicly traded. There are no publicly available consolidated financial statements; project-level credibility signals include a CRISIL 5-star CREST rating on a sister project (Aristaa Enclave).

Which are the builder's popular projects ?

Classique Windchimes (Anantapura, Geddalahalli, Yelahanka, Bangalore)
- 34 units: 2 BHK (1,042–1,177 sq.ft.) and 3 BHK (1,370–1,646 sq.ft.)
- Features: 24x7 water, rainwater harvesting, gated community, full power backup, lifts, STP, covered parking; launched Jul 2022, completed Oct 2024; RERA PRM/KA/RERA/1251/309/PR/110722/005053.
Classique Woodsville (Ramanashree California Gardens Layout, Yelahanka, Bangalore)
- 15 units: 2 BHK (1,168–1,190 sq.ft.) and 3 BHK (1,358–1,931 sq.ft.)
- Features: near Puttenahalli Lake, gated community, security, power backup, children's play area, STP, emphasis on natural light and privacy; construction completed Oct 2022; RERA PRM/KA/RERA/1251/472/PR/210319/004040.
Aristaa Enclave (Mangalore) — sister project under the group
- Noted for receiving a CRISIL 5-star rating under the CREST program for developer track record, construction quality and timely delivery.

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REGISTERED RERA ENTITYPRM/KA/RERA/1251/446/AG/240715/004976