PropertyLensBengaluru · invest
← Project pageFull investment reportChoose “Save as PDF” in the print dialog.
PropertyLensBengaluru · invest
Financial & legal due diligence · public record · 18 Oct 2026

Prestige Spencer Heights

Prestige · Central Bengaluru (MG Road / Richmond / Lavelle / Cunningham) · 26 , SPENCER ROAD

Promoter entityPRESTIGE ESTATES PROJECTS LIMITED
Entity type · PANCompany · AABCP8096K
Developer brandPrestige · #2 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/446/PR/170915/000082
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned plannot filed
Escrow bankKOTAK MAHINDRA BANK, LAVELLE ROAD
Land0.49 acres
Court cases declared0
Complaints at K-RERA0 on this project · 76 on the promoter
Record fetchedSep 2026
1 red flags1 to watch4 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/170915/000082. 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/170915/000082. 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 red1 watch4 positive
Delivery timeline7/10
a registration completion date has already passed (−2)
Legal & complaints9/10
no litigation and no complaints on the RERA file
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/1251/446/PR/170915/000082 · PRESTIGE ESTATES PROJECTS LIMITED
Past RERA date
RegisteredMar 2015Original completionJun 2019TodaySep 2026
Construction32%
registration-time status
Collected (at registration)₹25.55 Cr
Spent₹34.30 Cr
Balance with promoter₹0
Delay declaredNo
No litigation declaredNo complaintsEscrow: KOTAK MAHINDRA BANK
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 entity76all projects
Court cases declared0no stay recorded
At a glance
On its original RERA date

On its original RERA completion date: 2019-06-30

32% built

32% built per the latest filing

No complaints on this project

No RERA complaints on this project; 76 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹54.94 cr — where it goes
Land ₹19.2 cr · 35%Construction & on-site ₹35.7 cr · 65%
No litigation declaredBorrowing declared: not statedEscrow at KOTAK MAHINDRA BANK

Red flags to resolve in writing

1
Timeline

RERA completion date 2019-06-30 has passed without a completion application.

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 — 2019-06-30 — and what is the per-month delay compensation?
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. Is the land freehold with the developer, and is any part mortgaged?
Full record: every filed number, line by line1 sections · 10 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/446/PR/170915/000082 · promoter PRESTIGE ESTATES PROJECTS LIMITED (Company) · Proposed Project End Date at the time of registration :
Dates
Start 2015-03-10 · original completion 2019-06-30 · no extensions · current date has passed
Progress
32% complete per registration-time status
Registered cost
Total ₹54.94 cr · land ₹19.22 cr · construction ₹35.72 cr
RERA bank account
KOTAK MAHINDRA BANK, LAVELLE ROAD (70% construction account)
Money at registration
collected ₹25.55 cr · used ₹34.30 cr · balance ₹0.00 cr · delay declared: No
Land & towers
0.49 acres (1,978 sq m) · Tower -01 34 homes, 18 floors
Litigation declared
None declared in filings
K-RERA complaints
0 on this registration (0 open) · 76 on the promoter entity across all its projects
Completion applied
19/12/2020

Source: Karnataka RERA project record PRM/KA/RERA/1251/446/PR/170915/000082, fetched 2026-09-15. Figures are the promoter’s own filings.

Sources & caveats2 sources
  • Karnataka RERA project record PRM/KA/RERA/1251/446/PR/170915/000082 (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/170915/000082 (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.
Share on WhatsApp