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PropertyLensBengaluru · invest

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

Meridian Park Phase II @ The Prestige City

Prestige · Sarjapur Road (Carmelaram / Dommasandra) · The Prestige City, near Yamare

Promoter entityPRESTIGE PROJECTS PRIVATE LIMITED

Entity type · PANCompany · AAECP7361E

Developer brandPrestige · #2 in Bengaluru by RERA registrations

RERA registrationsRegistration: PRM/KA/RERA/1251/308/PR/230522/004901

Planning authorityBMRDA - Bangalore Metropolitan Region Development Authority

Sanctioned planAPA/LAO/44/2018-19 · 2021-01-29

Escrow bankKOTAK MAHINDRA BANK, LAVELLE ROAD

Land81.37 acres · 16 land owners on record

Court cases declared1

Complaints at K-RERA3 on this project · 12 on the promoter

Record fetchedSep 2026

0 red flags6 to watch2 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/308/PR/230522/004901 and 4 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/1251/308/PR/230522/004901 and 4 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 red6 watch2 positive

Delivery timeline8/10

delivered; the registration was extended 1× before completion

Legal & complaints6/10

1 court case declared in filings (−1.5); 3 RERA complaints on the project (−1.5)

Money to finish9/10

finance cost is 0% of the registered budget; last quarter: collected ₹1.38 cr, withdrew ₹0.69 cr; 100% of homes booked (+1)

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/1251/308/PR/230522/004901 · PRESTIGE PROJECTS PRIVATE LIMITED

Delivered

Money through the RERA account

Collected from buyersWithdrawn for construction

Latest milestones

Earth work and other leveling preparation
100%
Foundation footing work
100%
Upto Plinth Level
100%
Sub-structure flooring
100%
Retaining wall
100%
RCC or MS Framed structure
100%

1 court case declared3 complaintsEscrow: KOTAK MAHINDRA BANKJoint-development land

Credit ratings of the people behind it

Complaints & disputes on record

On this project3– open

On the promoter entity12all projects

Court cases declared1no stay recorded

At a glance

Delivered

Delivered. RERA registration ran 2022-09-15 → 2026-07-13 after 1 extension (original 2026-01-14)

3 RERA complaints

3 RERA complaints on this project; 12 on the promoter overall

1 court case declared

1 court case declared in RERA filings (no stay recorded)

The record, in pictures

RERA file · Registration

Registered project cost ₹1019 cr — where it goes

Approvals ₹3.5 cr · 0%Construction & on-site ₹644 cr · 63%Other / taxes ₹371.7 cr · 36%

OS 618/2021 · The Court Senior Division / Anekal · no stayBorrowing declared: NoEscrow at KOTAK MAHINDRA BANK16 recorded land-owner sharesOwners’ association: not formed

Red flags to resolve in writing

Legal

1 court case declared in RERA filings (618/2021); check for stays and title impact.

Questions to put to the developer before you sign

Share the latest CA Form 4 and architect Form 5 with the escrow deposit ratio.
Confirm the price list, floor-rise and other charges for the exact unit.
Provide the occupancy certificate, khata and title chain for the unit.
What do the declared cases (618/2021) concern and is any stay in force?
Is the land freehold with the developer, and is any part mortgaged?

Full record: every filed number, line by line1 sections · 12 items

RERA file · Registration

Registration

PRM/KA/RERA/1251/308/PR/230522/004901 · promoter PRESTIGE PROJECTS PRIVATE LIMITED (Company) · U45201KA2008PTC046784

Dates

Start 2022-09-15 · original completion 2026-01-14 · 1 extension: Section 6 Extension → 2026-07-13

Status

Completed and occupied (per project status); RERA progress fields below are historical

Registered cost

Total ₹1019 cr · construction ₹644 cr

Borrowing / mortgage declared

Borrowing: No · mortgage: No

RERA bank account

KOTAK MAHINDRA BANK, LAVELLE ROAD (70% construction account)

Plan sanction

APA/LAO/44/2018-19 dated 2021-01-29 · BMRDA - Bangalore Metropolitan Region Development Authority

Land & towers

81.37 acres (3,29,281 sq m) · Building 6 - T1 186 homes, 31 floors; Building 6 - T2 186 homes, 31 floors; Building 6 - T3 186 homes, 31 floors; Building 6 - T4 186 homes, 31 floors; Building 6 - T5 180 homes, 30 floors; Building 6 - T6 180 homes, 30 floors

Land owners / co-promoters

Prestige Projects Private Limited (100.0%, Sy 19/3 and 19/4); Prestige Projects Private Limited (100.0%, Sy 20/1); Prestige Projects Private Limited (100.0%, Sy 20/2); Prestige Projects Private Limited (100.0%, Sy 21/1); Prestige Proejcts Private Limited (100.0%, Sy 21/2); Prestige Projects Private Limited (100.0%, Sy 21/4); Prestige Projects Private Limited (100.0%, Sy 21/5); Prestige Projects Private Limited (100.0%, Sy 22/1) +8 more

Litigation declared

OS 618/2021, The Court Senior Division / Anekal — no stay

K-RERA complaints

3 on this registration · 12 on the promoter entity across all its projects

Owners’ association

Not yet formed

Source: Karnataka RERA project record PRM/KA/RERA/1251/308/PR/230522/004901, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources

Karnataka RERA project record PRM/KA/RERA/1251/308/PR/230522/004901 (registration file, quarterly updates, complaint register), fetched 2026-09-15
PropertyLens locality model (market-level estimates)
Karnataka RERA project records PRM/KA/RERA/1251/308/PR/230522/004901 (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.