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

The Prestige City - Avalon Park

Prestige · Sarjapur Road (Carmelaram / Dommasandra) · The Prestige City, Avalon Park-apartments situated at Sy.Nos.54 (P)55-58, 62, 63/1 to 63/8, 59/3 and 59/4 of Valagere Kallahalli Village, Near yamare Panchayath Office, Sarjapura Hobli, Anekal Taluk, Bangalore

Promoter entityPrestige Projects Private Limited
Entity type · PANCompany · AAECP7361E
Developer brandPrestige · #2 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/308/PR/210928/004316
Planning authorityBMRDA - Bangalore Metropolitan Region Development Authority
Sanctioned plannot filed
Escrow bankKOTAK MAHINDRA BANK, Lavelle Road
Land6.8 acres
Court cases declared0
Complaints at K-RERA3 on this project · 12 on the promoter
Record fetchedSep 2026
1 red flags4 to watch3 positive

Automated from the Karnataka RERA file PRM/KA/RERA/1251/308/PR/210928/004316. 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/1251/308/PR/210928/004316. 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 red4 watch3 positive
Delivery timeline7/10
a registration completion date has already passed (−2)
Legal & complaints7.5/10
3 RERA complaints on the project (−1.5); 2 still open
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/1251/308/PR/210928/004316 · Prestige Projects Private Limited
Past RERA date
RegisteredNov 2021Original completionFeb 2025TodaySep 2026
No litigation declared3 complaints · 2 openEscrow: 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 project32 open
On the promoter entity12all projects
Court cases declared0no stay recorded
What complainants raise
  • Extra registration charge on user due to delay in handover.
  • False communication on completion of project
  • Delay in possession
At a glance
On its original RERA date

On its original RERA completion date: 2025-02-20

3 RERA complaints, 2 open

3 RERA complaints on this project (2 open); 12 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹833 cr — where it goes
Land ₹323.5 cr · 39%Construction & on-site ₹509.6 cr · 61%
No litigation declaredBorrowing declared: not statedEscrow at KOTAK MAHINDRA BANK

Complaint log (K-RERA) · 3 on this project

  • Dec 2025Extra registration charge on user due to delay in handover.open
  • Jun 2025False communication on completion of projectdisposed
  • Apr 2025Delay in possessionopen
Complaints by status
Open / under enquiry
2
Disposed (Authority)
1

Red flags to resolve in writing

1
Timeline

RERA completion date 2025-02-20 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 — 2025-02-20 — 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 · 10 items

RERA file · Registration

Registration
PRM/KA/RERA/1251/308/PR/210928/004316 · promoter Prestige Projects Private Limited (Company) · Proposed Project End Date at the time of registration :
Dates
Start 2021-11-01 · original completion 2025-02-20 · no extensions · current date has passed
Registered cost
Total ₹833 cr · land ₹324 cr · construction ₹510 cr
RERA bank account
KOTAK MAHINDRA BANK, Lavelle Road (70% construction account)
Land & towers
6.80 acres (27,518 sq m) · Tower - 01 58 homes, 29 floors; Tower - 02 174 homes, 29 floors; Tower - 03 173 homes, 29 floors; Tower - 04 55 homes, 29 floors; Tower - 05 173 homes, 29 floors; Tower - 06 143 homes, 29 floors; Tower - 07 174 homes, 29 floors
Litigation declared
None declared in filings
K-RERA complaints
3 on this registration (2 open) · 12 on the promoter entity across all its projects

Source: Karnataka RERA project record PRM/KA/RERA/1251/308/PR/210928/004316, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 3 on this project

2025-12-10 · 01468/2025
Extra registration charge on user due to delay in handover. — POSTED FOR ORDERS AUTHORITY BENCH4
2025-06-18 · 00862/2025
False communication on completion of project — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
2025-04-15 · 00627/2025
Delay in possession — POSTED FOR ORDERS AUTHORITY BENCH4

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/1251/308/PR/210928/004316 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records PRM/KA/RERA/1251/308/PR/210928/004316 (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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