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

Meridian Park Phase III @ 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/110822/005151
Planning authorityBMRDA - Bangalore Metropolitan Region Development Authority
Sanctioned planAPA/LAO/44/2018-19 · 2021-01-29
Escrow bankKOTAK MAHINDRA BANK, Lavelle Road
Land5.55 acres · 16 land owners on record
Court cases declared0
Complaints at K-RERA0 on this project · 12 on the promoter
Record fetchedSep 2026
0 red flags2 to watch6 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/308/PR/110822/005151 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/110822/005151 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 red2 watch6 positive
Delivery timeline8/10
delivered; the registration was extended 1× before completion
Legal & complaints9/10
no litigation and no complaints on the RERA file
Money to finish9/10
finance cost is 0% of the registered budget; last quarter: collected ₹3.94 cr, withdrew ₹2.23 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/110822/005151 · PRESTIGE PROJECTS PRIVATE LIMITED
Delivered
RegisteredNov 2022Original completionFeb 2026Section 6 ext.Aug 2026TodaySep 2026
Money through the RERA account
Collected ₹1.50 CrWithdrawn ₹2.05 CrQ3 2025-261.50 Cr2.05 CrCollected ₹719.36 CrWithdrawn ₹718.79 CrQ4 2025-26719.36 Cr718.79 CrCollected ₹27.46 CrWithdrawn ₹27.86 CrQ1 2026-2727.46 Cr27.86 CrCollected ₹3.94 CrWithdrawn ₹2.23 CrQ2 2026-273.94 Cr2.23 Cr
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%
No litigation declaredNo complaintsEscrow: KOTAK MAHINDRA 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 project0– open
On the promoter entity12all projects
Court cases declared0no stay recorded
At a glance
Delivered

Delivered. RERA registration ran 2022-11-01 → 2026-08-27 after 1 extension (original 2026-02-28)

No complaints on this project

No RERA complaints on this project; 12 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹634 cr — where it goes
Approvals ₹3.2 cr · 1%Construction & on-site ₹613.8 cr · 97%Other / taxes ₹16.9 cr · 3%
No litigation declaredBorrowing declared: NoEscrow at KOTAK MAHINDRA BANK16 recorded land-owner sharesOwners’ association: not formed

Red flags to resolve in writing

1
Legal

Joint-development land: confirm which units fall in the owners’ share.

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. Provide the occupancy certificate, khata and title chain for the unit.
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. What is the land owners’ share of built area and is the unit in the developer’s share?
Full record: every filed number, line by line1 sections · 12 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/308/PR/110822/005151 · promoter PRESTIGE PROJECTS PRIVATE LIMITED (Company) · U45201KA2008PTC046784
Dates
Start 2022-11-01 · original completion 2026-02-28 · 1 extension: Section 6 Extension → 2026-08-27
Status
Completed and occupied (per project status); RERA progress fields below are historical
Registered cost
Total ₹634 cr · construction ₹614 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
5.55 acres (22,455 sq m) · Building 5 - T1 180 homes, 30 floors; Building 5 - T2 178 homes, 30 floors; Building 5 - T3 180 homes, 30 floors; Building 5 - T4 180 homes, 30 floors; Building 5 - T5 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); 1 Acre 36 guntas/7692 Sq.mt (100.0%, Sy 21/1); Prestige Projects 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); 100 (100.0%, Sy 22/1) +8 more
Litigation declared
None declared in filings
K-RERA complaints
0 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/110822/005151, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/308/PR/110822/005151 (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/110822/005151 (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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