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

Prestige Sanctuary

Prestige · Devanahalli / Airport Road / Bagalur · Sy. No. 9/1,10,11,12 & 13(P) , Kottigethimnahalli Village, Kundana Hobli,

Promoter entityVILLAGE DE NANDI PVT LTD
Entity type · PANCompany · AAACV5590M
Developer brandPrestige · #2 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1250/303/PR/101122/005448
Planning authorityBIAPPA - Bangalore Airport Area Planning Authority
Sanctioned planBIAAPA/TP/LOA/DP/106/2021-2022 · 2022-05-13
Escrow bankKOTAK MAHINDRA BANK, Lavelle Road
Land22.95 acres · 25 land owners on record
Court cases declared0
Complaints at K-RERA0 on this project · 0 on the promoter
Record fetchedSep 2026
0 red flags2 to watch6 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1250/303/PR/101122/005448 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/1250/303/PR/101122/005448 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 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 finish8/10
finance cost is 0% of the registered budget; last quarter withdrew ₹14.52 cr against ₹5.02 cr collected (−1); 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/1250/303/PR/101122/005448 · VILLAGE DE NANDI PVT LTD
Delivered
RegisteredDec 2022Original completionNov 2025Section 6 ext.May 2026TodaySep 2026
Money through the RERA account
Collected ₹9.38 CrWithdrawn ₹25.03 CrQ3 2025-269.38 Cr25.03 CrCollected ₹11.11 CrWithdrawn ₹6.96 CrQ4 2025-2611.11 Cr6.96 CrCollected ₹5.02 CrWithdrawn ₹14.52 CrQ1 2026-275.02 Cr14.52 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%
  • RCC or MS Framed structure
    100%
  • Masonry Construction
    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 project00 open
On the promoter entity0all projects
Court cases declared0no stay recorded
At a glance
Delivered

Delivered. RERA registration ran 2022-12-01 → 2026-05-31 after 1 extension (original 2025-11-30)

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 ₹240 cr — where it goes
Approvals ₹0.3 cr · 0%Construction & on-site ₹237.7 cr · 99%Other / taxes ₹1.9 cr · 1%
No litigation declaredBorrowing declared: NoEscrow at KOTAK MAHINDRA BANK25 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/1250/303/PR/101122/005448 · promoter VILLAGE DE NANDI PVT LTD (Company) · U55101KA1994PTC016245
Dates
Start 2022-12-01 · original completion 2025-11-30 · 1 extension: Section 6 Extension → 2026-05-31
Status
Completed and occupied (per project status); RERA progress fields below are historical
Registered cost
Total ₹240 cr · construction ₹238 cr
Borrowing / mortgage declared
Borrowing: No · mortgage: No
RERA bank account
KOTAK MAHINDRA BANK, Lavelle Road (70% construction account)
Plan sanction
BIAAPA/TP/LOA/DP/106/2021-2022 dated 2022-05-13 · BIAPPA - Bangalore Airport Area Planning Authority
Land & towers
22.95 acres (92,874 sq m) · Prestige Sanctuary 85 homes, 1 floors
Land owners / co-promoters
Village De Nandi Pvt Ltd (100.0%, Sy 10); Village De Nandi (100.0%, Sy 11); Village De nandi Pvt Ltd (100.0%, Sy 12 & 13); Villa Type A (42%, Sy 11301); Villa Type B (19%, Sy 6550); Villa Type C (24%, Sy 10590); TOTAL (85%, Sy 28441); Total No. of Units (85%, Sy No. of Stilts) +17 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

Source: Karnataka RERA project record PRM/KA/RERA/1250/303/PR/101122/005448, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1250/303/PR/101122/005448 (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/101122/005448 (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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