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

Prestige Marigold-Phase I

Prestige · Yelahanka / Jakkur / Airport corridor · Sy.No.14/1,14/2,15,16/1,16/2,17,18 and 145 of Maragondanahalli Village and Sy.Nos. 188/1, 188/4, 188/5, 188/6, 188/7, 189/1, 189/2, 189/4, 189/5 , 189/6, 189/7, 189/8, 190/2, 190/3, 190/4, 190/5, 190/6, 190/7, 190/8, 190/9, 191/3, 191/4, 191/8, 194/1, 194/2, 194/4, 194/5, 194/6, 194/7, 195/5 and 195/6 of Bettenahalli Village, Kundana Hobli

Promoter entityACE REALTY VENTURES
Entity type · PANPartnership Firm · ABPFA9695R
Developer brandPrestige · #2 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1250/303/PR/240122/004653
Planning authorityBIAPPA - Bangalore Airport Area Planning Authority
Sanctioned planBIAAPA/TP/02/LAO/82/20-21/986 · 2021-10-12
Escrow bankKOTAK MAHINDRA BANK, Lavelle Road
Landarea not filed · 26 land owners on record
Court cases declared0
Complaints at K-RERA1 on this project · 1 on the promoter
Record fetchedSep 2026
1 red flags3 to watch3 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1250/303/PR/240122/004653. 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/1250/303/PR/240122/004653. 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.

1 red3 watch3 positive
Delivery timeline7/10
a registration completion date has already passed (−2)
Legal & complaints8.5/10
1 RERA complaint on the project (−0.5)
Money to finish8/10
finance cost is 0% of the registered budget
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/1250/303/PR/240122/004653 · ACE REALTY VENTURES
Past RERA date
RegisteredJan 2022Original completionJun 2023TodaySep 2026
No litigation declared1 complaints · 0 openEscrow: 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 project10 open
On the promoter entity1all projects
Court cases declared0no stay recorded
What complainants raise
  • compensation and commission as per their promise
At a glance
On its original RERA date

On its original RERA completion date: 2023-06-30

1 RERA complaints, 0 open

1 RERA complaints on this project (0 open); 1 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹425 cr — where it goes
Approvals ₹18.4 cr · 4%Construction & on-site ₹124 cr · 29%Other / taxes ₹282.7 cr · 67%
No litigation declaredBorrowing declared: NoEscrow at KOTAK MAHINDRA BANK26 recorded land-owner shares

Complaint log (K-RERA) · 1 on this project

  • Jan 2023compensation and commission as per their promisedisposed
Complaints by status
Disposed (Authority)
1

Red flags to resolve in writing

1
Timeline

RERA completion date 2023-06-30 has passed without a completion application.

2
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 — 2023-06-30 — and what is the per-month delay compensation?
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. 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 line2 sections · 11 items

RERA file · Registration

Registration
PRM/KA/RERA/1250/303/PR/240122/004653 · promoter ACE REALTY VENTURES (Partnership Firm) · SJNF492201920
Dates
Start 2022-01-01 · original completion 2023-06-30 · no extensions · current date has passed
Registered cost
Total ₹425 cr · construction ₹124 cr
Borrowing / mortgage declared
Borrowing: No · mortgage: No
RERA bank account
KOTAK MAHINDRA BANK, Lavelle Road (70% construction account)
Plan sanction
BIAAPA/TP/02/LAO/82/20-21/986 dated 2021-10-12 · BIAPPA - Bangalore Airport Area Planning Authority
Land owners / co-promoters
ACE Realty Ventures (100.0%, Sy 14/2); Ace Realty Ventures (100.0%, Sy 15); Ace Realty Ventures (100.0%, Sy 16/1 and 16/2); Ace Realty Ventures (100.0%, Sy 17); Ace Realty Ventures (100.0%, Sy 18); Ace Realty Ventures (100.0%, Sy 145); Ace Realty Ventures (100.0%, Sy 188/1); Ace Realty Ventures (100.0%, Sy 188/4) +18 more
Litigation declared
None declared in filings
K-RERA complaints
1 on this registration (0 open) · 1 on the promoter entity across all its projects
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1250/303/PR/240122/004653, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 1 on this project

2023-01-04 · 00020/2023
compensation and commission as per their promise — DISPOSED AUTHORITY BENCH4 (AUTHORITY)

Complaint subjects are as filed by complainants; a disposed complaint may have been decided either way.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1250/303/PR/240122/004653 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1250/303/PR/240122/004653 (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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