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PropertyLensBengaluru · invest
Financial & legal due diligence · public record · 18 Oct 2026

Evergreen @ Prestige Raintree Park

Prestige · Marathahalli / Kundalahalli / Varthur · SY NO: 352/1, 354, 355/1,2,3,4,5,6,7, 356/1A,1B1,1B2,1B3,1B4,2A,2B1,2B2,3,4,5,6,7,8, 359/1,3, 360/1,2,3,4,5,6, 361/1,2,3,4,5, 362/1,2,3,4,5,6, , 363, 364, 365/1A, 365/1B, 365/1C, 365/2, 365/3, 379/1, 379/2, 380/1, 380/2, 381/1, 381/4, 382/1, 382/4 AND 382/5 OF BELLANDUR AMANIKERE VILLAGE, VARTHUR HOBLI, BENGALURU EAST TALUK,

Promoter entityPRESTIGE ESTATES PROJECTS LTD
Entity type · PANCompany · AABCP8096K
Developer brandPrestige · #2 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/446/PR/010126/008374
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned planGBA/BECC/Addl.CTP/0007/25-26 · 2025-12-24
Escrow bankICICI Bank, MG Road Bangalore
Land24.74 acres · 22 land owners on record
Court cases declared0
Complaints at K-RERA0 on this project · 76 on the promoter
Record fetchedSep 2026
0 red flags2 to watch5 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/010126/008374 and 2 quarterly filings. Prices and rents are locality estimates, not verified listings. This report records what the Karnataka RERA file, the promoter’s quarterly filings, the complaint register, public credit ratings and company filings say. It states facts and flags them; it does not judge the investment. Prices, returns and the investment score live in the separate full report.

Financial & legal due diligence

What the public record says

Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/010126/008374 and 2 quarterly filings. Prices and rents are locality estimates, not verified listings. Compiled Sep 2026 from the Karnataka RERA file, company registers, rating agencies, tribunal records and press. Facts only; anything that deserves a written answer before signing is flagged.

0 red2 watch5 positive
Delivery timeline9/10
no extensions, no overdue dates on the RERA file
Legal & complaints9/10
no litigation and no complaints on the RERA file
Money to finish8/10
finance cost is 2% of the registered budget; last quarter: collected ₹225 cr, withdrew ₹219 cr
Developer strength8.3/10
ICRA A+/Stable (Prestige Estates Projects Ltd)

Meters are rule-based from the RERA file and public ratings (rules shown under each), not opinions.

Registration
PRM/KA/RERA/1251/446/PR/010126/008374 · PRESTIGE ESTATES PROJECTS LTD
On original date
RegisteredJan 2026TodaySep 2026Original completionJun 2030
Construction8%
quarterly filing Q1 2026-27 (submitted 2026-07-15)
Homes booked1171 / 2000
829 still available
Sold vs built59% vs 8%
Buyers are well ahead of construction: most money is in, delivery risk sits with the developer.
Money through the RERA account
Collected ₹145.96 CrWithdrawn ₹138.30 CrQ4 2025-26145.96 Cr138.30 CrCollected ₹224.66 CrWithdrawn ₹219.20 CrQ1 2026-27224.66 Cr219.20 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Upto Plinth Level
    0%
  • Sub-structure flooring
    0%
  • RCC or MS Framed structure
    0%
  • Masonry Construction
    0%
  • Plastering inside , outside & Ceiling
    0%
  • Joinery: Doors, Windows, Ventilators etc
    0%
No litigation declaredNo complaintsEscrow: ICICI BankJoint-development land
Credit ratings of the people behind it
AAAAAABBBBBBCDinvestment grade ◀▶ speculative gradeICRA A+ / Stable · Prestige Estates Projects Ltd · Sep 2025
Complaints & disputes on record
On this project00 open
On the promoter entity76all projects
Court cases declared0no stay recorded
At a glance
On its original RERA date

On its original RERA completion date: 2030-06-30

8% built, 59% booked

8% built per the latest filing; 1171/2000 homes booked

No complaints on this project

No RERA complaints on this project; 76 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹2542 cr — where it goes
Approvals ₹75.1 cr · 3%Construction & on-site ₹2,042 cr · 80%Finance (bank) ₹46.3 cr · 2%Other / taxes ₹377.9 cr · 15%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-15))
20262027202820292030Earth work and other leveling preparat94%Foundation footing work50%Upto Plinth Level0%Sub-structure flooring0%Retaining wall4%RCC or MS Framed structure0%Masonry Construction0%Plastering inside , outside & Ceiling0%Joinery: Doors, Windows, Ventilators e0%Basic work of Water supply, Sanitary a0%Dadoing, Skirting, Flooring, Tiles wor0%Railing and Grill fixing0%Electrification, Water supply and Sani0%Painting0%Fire prevention and fire fighting fitt0%Weather Proof work0%Elevation work0%Internal and External work including l0%today
Bars are the filed schedule; filled part is reported progress. Red = past its scheduled end and not complete.
No litigation declaredBorrowing declared: NoEscrow at ICICI Bank22 recorded land-owner sharesOwners’ association: not formed

Red flags to resolve in writing

Questions to put to the developer before you sign

  1. Share the latest CA Form 4 and architect Form 5 with the escrow deposit ratio.
  2. Confirm the price list, floor-rise and other charges for the exact unit.
  3. Which date is contractual — 2030-06-30 — and what is the per-month delay compensation?
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. Is the land freehold with the developer, and is any part mortgaged?
Full record: every filed number, line by line1 sections · 13 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/446/PR/010126/008374 · promoter PRESTIGE ESTATES PROJECTS LTD (Company) · U07010KA1997PLC022322
Dates
Start 2026-01-01 · original completion 2030-06-30 · no extensions
Progress
8% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 1171 of 2000 homes booked (829 available)
Registered cost
Total ₹2542 cr · construction ₹2042 cr · bank principal+interest ₹46.25 cr
Borrowing / mortgage declared
Borrowing: No
RERA bank account
ICICI Bank, MG Road Bangalore (70% construction account)
Plan sanction
GBA/BECC/Addl.CTP/0007/25-26 dated 2025-12-24 · BBMP - Bruhat Bengaluru Mahanagara Palike
Land & towers
24.74 acres (1,00,100 sq m) · Tower 1 152 homes, 19 floors; Tower 2 151 homes, 19 floors; Tower 3 153 homes, 19 floors; Tower 4 152 homes, 19 floors; Tower 5 174 homes, 19 floors; Tower 6 114 homes, 19 floors; Tower 7 114 homes, 19 floors; Tower 8 118 homes, 19 floors; Tower 9 156 homes, 19 floors; Tower 10 118 homes, 19 floors; Tower 11 156 homes, 19 floors; Tower 12 138 homes, 19 floors; Tower 13 152 homes, 19 floors; Tower 14 152 homes, 19 floors
Land owners / co-promoters
M/s.Prestige Estates Projects Limited., (100.0%, Sy 354); Ms.Prestige Estates Projects Ltd., (100.0%, Sy 355/1); M/s.Prestige Estates Projects Limited (100.0%, Sy 355/2); M/s.Prestige Estates Projects Limited (100.0%, Sy 355/3); M/s.Prestige Estates Projects Pvt Ltd., (100.0%, Sy 355/4); M/s.Prestige Estates Projects Limited., (100.0%, Sy 355/5); M/s.Prestige Estates Projects Limited (100.0%, Sy 355/6); M/s.Prestige Estates Projects Ltd., (100.0%, Sy 355/7) +14 more
Litigation declared
None declared in filings
K-RERA complaints
0 on this registration (0 open) · 76 on the promoter entity across all its projects
Owners’ association
Not yet formed
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/446/PR/010126/008374, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/446/PR/010126/008374 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1251/446/PR/010126/008374 (registration file, quarterly updates, complaint register), fetched Sep 2026.

Caveats. Automated analysis: prices, rents and travel times are estimates until listings and Maps data are verified. RERA figures are the promoter’s own filings. Nothing here is legal, tax or investment advice.

PropertyLens · property-lens.ai · Facts are transcribed from public records as filed by the promoter and the regulator; figures on RERA certificates are promoter numbers certified on unaudited books. Absence of a court case or insolvency filing in these sources is not proof that none exists. Verify title, approvals and encumbrances with a lawyer before you sign. Nothing here is legal, tax or investment advice.
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