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

Prestige Raintree Park

Prestige · Marathahalli / Kundalahalli / Varthur · KATHA NO.1233, SY NO. 112/48, 19/1, 19/2, 20, 21/1, 21/2, 21/3, 21/4, 21/5A, 21/5B, 21/6, 21/7,and other survey numbers of RAMGONDANAHALLI VILLAGE , SY NO. 348/1, 348/2, 348/3, 348/4, 348/5, 348/6, 348/7, 349/2, 3, 350/1, 350/2, 350/3, 350/4, 350/5, 351/1, 351/2, 351/3, 351/4, 352/2, 353/1P, 353/2A, 353/2B, 353/3 OF AMANI BELLANDUR KHANE VILLAGE

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/270824/006981
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned planBBMP/Addl.Dir/JDNORTH/0027/24-25 · 2024-06-28
Escrow bankICICI Bank, M G Road
Land27.84 acres · 19 land owners on record
Court cases declared0
Complaints at K-RERA1 on this project · 76 on the promoter
Record fetchedSep 2026
0 red flags3 to watch4 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/270824/006981 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/270824/006981 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 red3 watch4 positive
Delivery timeline9/10
no extensions, no overdue dates on the RERA file
Legal & complaints8.5/10
1 RERA complaint on the project (−0.5)
Money to finish9/10
finance cost is 5% of the registered budget; last quarter: collected ₹241 cr, withdrew ₹243 cr; 92% 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/270824/006981 · PRESTIGE ESTATES PROJECTS LTD
On original date
RegisteredSep 2024TodaySep 2026Original completionDec 2028
Construction50%
quarterly filing Q1 2026-27 (submitted 2026-07-15)
Homes booked1400 / 1520
120 still available
Sold vs built92% vs 50%
Buyers are well ahead of construction: most money is in, delivery risk sits with the developer.
Money through the RERA account
Collected ₹118.60 CrWithdrawn ₹128.10 CrQ3 2025-26118.60 Cr128.10 CrCollected ₹289.41 CrWithdrawn ₹283.00 CrQ4 2025-26289.41 Cr283.00 CrCollected ₹241.16 CrWithdrawn ₹243.40 CrQ1 2026-27241.16 Cr243.40 Cr
Collected from buyersWithdrawn for construction
Latest milestones
  • Joinery: Doors, Windows, Ventilators etc
    0%
  • Basic work of Water supply, Sanitary and E
    0%
  • Dadoing, Skirting, Flooring, Tiles work
    0%
  • Railing and Grill fixing
    0%
  • Electrification, Water supply and Sanitary
    0%
  • Painting
    0%
No litigation declared1 complaints · 0 openEscrow: 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 project10 open
On the promoter entity76all projects
Court cases declared0no stay recorded
What complainants raise
  • Misreprentation of the information
At a glance
On its original RERA date

On its original RERA completion date: 2028-12-31

50% built, 92% booked

50% built per the latest filing; 1400/1520 homes booked

1 RERA complaints, 0 open

1 RERA complaints on this project (0 open); 76 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹2811 cr — where it goes
Land ₹0 cr · 0%Approvals ₹54.3 cr · 2%Construction & on-site ₹2,328 cr · 83%Finance (bank) ₹138.8 cr · 5%Other / taxes ₹290.6 cr · 10%
Construction programme as filed (quarterly filing Q1 2026-27 (submitted 2026-07-15))
2025202620272028Earth work and other leveling preparat99%Foundation footing work96%Upto Plinth Level85%Sub-structure flooring60%Retaining wall85%RCC or MS Framed structure20%Masonry Construction2%Plastering inside , outside & Ceiling2%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 Bank19 recorded land-owner sharesOwners’ association: not formed

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

  • Oct 2024Misreprentation of the informationdisposed
Complaints by status
Disposed (Authority)
1

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 — 2028-12-31 — and what is the per-month delay compensation?
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. Is the land freehold with the developer, and is any part mortgaged?
Full record: every filed number, line by line2 sections · 14 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/446/PR/270824/006981 · promoter PRESTIGE ESTATES PROJECTS LTD (Company) · U07010KA1997PLC022322
Dates
Start 2024-09-01 · original completion 2028-12-31 · no extensions
Progress
50% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 1400 of 1520 homes booked (120 available)
Registered cost
Total ₹2811 cr · land ₹0.00 cr · construction ₹2327 cr · bank principal+interest ₹139 cr
Borrowing / mortgage declared
Borrowing: No
RERA bank account
ICICI Bank, M G Road (70% construction account)
Plan sanction
BBMP/Addl.Dir/JDNORTH/0027/24-25 dated 2024-06-28 · BBMP - Bruhat Bengaluru Mahanagara Palike
Land & towers
27.84 acres (1,12,652 sq m) · Building 1 - Tower 1 74 homes, 19 floors; Building 1 Tower 2 110 homes, 19 floors; Building 1 Tower 3 74 homes, 19 floors; Building 1 Tower 4 74 homes, 19 floors; Building 2 Tower 5 74 homes, 19 floors; Building 2 Tower 6 74 homes, 19 floors; Building 2 Tower 7 74 homes, 19 floors; Building 2 Tower 8 74 homes, 19 floors; Building 2 Tower 9 74 homes, 19 floors; Building 3 Tower 10 112 homes, 19 floors; Building 3 Tower 11 74 homes, 19 floors; Building 3 Tower 12 74 homes, 19 floors; Building 3 Tower 13 112 homes, 19 floors; Building 4 Tower 14 112 homes, 19 floors; Building 4 Tower 15 74 homes, 19 floors; Building 4 Tower 16 74 homes, 19 floors; Building 4 Tower 17 74 homes, 19 floors; Building 4 Tower 18 112 homes, 19 floors
Land owners / co-promoters
Prestige Estates Projects Limited (100.0%, Sy 19/2); Prestige Estates Projects Limited (100.0%, Sy 19); Prestige Estates Projects Limited (100.0%, Sy 20); Prestige Estates Projetcs Limited (100.0%, Sy 21/1); Prestige Estates Projects Limited (100.0%, Sy 21/2); Prestige Estates Projects Limited (100.0%, Sy 21/3); Prestige Estates Projects Limited (100.0%, Sy 21/4); Prestige Estates Projects Limited (100.0%, Sy 21/5A) +11 more
Litigation declared
None declared in filings
K-RERA complaints
1 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/270824/006981, fetched 2026-09-15. Figures are the promoter’s own filings.

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

2024-10-18 · 01029/2024
Misreprentation of the information — 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/1251/446/PR/270824/006981 (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/270824/006981 (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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