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

Prestige Lavender Fields

Prestige · Marathahalli / Kundalahalli / Varthur · KATHA NO. 2146, MUNCIPAL NO.328, , SY NO. 206/4, 207/6, 207/7, 220/2A, 220/2B, 220/7, 220/9, 220/10, 221/2, of Gunjur Village, Sy.No.190, 191/3, 191/4, 191/5, 191/6, 198/1, GUNJUR VILLAGE, VARTHUR HOBLI, WARD NO.149, BANGALORE EAST

Promoter entityPrestige Office Ventures
Entity type · PANPartnership Firm · AATFP9061F
Developer brandPrestige · #2 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/446/PR/290423/005906
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned planBBMP/Addl.Dir/JDNORTH/0096/22-23 · 2023-03-24
Escrow bankICICI Bank, M G ROAD
Land17.3 acres · 23 land owners on record
Court cases declared0
Complaints at K-RERA0 on this project · 0 on the promoter
Record fetchedSep 2026
0 red flags1 to watch6 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/290423/005906 and 3 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/290423/005906 and 3 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 red1 watch6 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 finish9/10
finance cost is 0% of the registered budget; last quarter: collected ₹69.74 cr, withdrew ₹70.11 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/1251/446/PR/290423/005906 · Prestige Office Ventures
On original date
RegisteredJun 2023TodaySep 2026Original completionMay 2027
Construction85%
quarterly filing Q1 2026-27 (submitted 2026-07-15)
Homes booked1472 / 1473
1 still available
Sold vs built100% vs 85%
Sales and construction are broadly in step.
Money through the RERA account
Collected ₹67.48 CrWithdrawn ₹68.08 CrQ3 2025-2667.48 Cr68.08 CrCollected ₹116.76 CrWithdrawn ₹116.47 CrQ4 2025-26116.76 Cr116.47 CrCollected ₹69.74 CrWithdrawn ₹70.11 CrQ1 2026-2769.74 Cr70.11 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Elevation work
    20%
  • Internal and External work including lands
    20%
  • Painting
    25%
  • Electrification, Water supply and Sanitary
    30%
  • Weather Proof work
    30%
  • Joinery: Doors, Windows, Ventilators etc
    50%
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 entity0all projects
Court cases declared0no stay recorded
At a glance
On its original RERA date

On its original RERA completion date: 2027-05-31

85% built, 100% booked

85% built per the latest filing; 1472/1473 homes booked

No complaints on this project

No RERA complaints on this project; 0 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹1134 cr — where it goes
Approvals ₹21.3 cr · 2%Construction & on-site ₹1,017 cr · 90%Other / taxes ₹95.8 cr · 8%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-15))
2024202520262027Earth work and other leveling preparat99%Foundation footing work99%Upto Plinth Level99%Sub-structure flooring99%Retaining wall99%RCC or MS Framed structure99%Masonry Construction90%Plastering inside , outside & Ceiling70%Joinery: Doors, Windows, Ventilators e50%Basic work of Water supply, Sanitary a80%Dadoing, Skirting, Flooring, Tiles wor90%Railing and Grill fixing90%Electrification, Water supply and Sani30%Painting25%Fire prevention and fire fighting fitt60%Weather Proof work30%Elevation work20%Internal and External work including l20%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 Bank23 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. Which date is contractual — 2027-05-31 — and what is the per-month delay compensation?
  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 · 13 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/446/PR/290423/005906 · promoter Prestige Office Ventures (Partnership Firm) · SJN-F 1384/2016-17
Dates
Start 2023-06-01 · original completion 2027-05-31 · no extensions
Progress
85% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 1472 of 1473 homes booked (1 available)
Registered cost
Total ₹1134 cr · construction ₹1017 cr
Borrowing / mortgage declared
Borrowing: No
RERA bank account
ICICI Bank, M G ROAD (70% construction account)
Plan sanction
BBMP/Addl.Dir/JDNORTH/0096/22-23 dated 2023-03-24 · BBMP - Bruhat Bengaluru Mahanagara Palike
Land & towers
17.30 acres (69,999 sq m) · Tower 1 250 homes, 31 floors; Tower 2 250 homes, 31 floors; Tower 3 227 homes, 32 floors; Tower 4 130 homes, 32 floors; Tower 5 355 homes, 32 floors; Tower 6 261 homes, 32 floors
Land owners / co-promoters
INR Holdings (35.0%, Sy 206/4); Prestige Office Ventures (65.0%, Sy 207/6); INR Holdings (35.0%, Sy 207/6); Prestige Office Ventures (65.0%, Sy 207/7); INR Holdings (35.0%, Sy 207/7); Prestige Office Ventures (73.0%, Sy 220/2A Part); Bhagyalakshmi (27.0%, Sy 220/2A Part); Prestige Office Ventures (100.0%, Sy 220/2B) +15 more
Litigation declared
None declared in filings
K-RERA complaints
0 on this registration (0 open) · 0 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/290423/005906, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/446/PR/290423/005906 (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/290423/005906 (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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