Home / Browse projects / Bengaluru Rural, Karnataka / PRESTIGE MARIGOLD-PHASE I
PRESTIGE MARIGOLD-PHASE I
RG-KA-16114 · RERA PRM/KA/RERA/1250/303/PR/240122/004653 · Last updated on RERA Karnataka portal: 10 Jan 2022
Source: official RERA Karnataka filing
Red flags
- 1 complaint at RERA Karnataka
Clear
- No litigation declared
- Completion date never moved
- Separate project account declared
Saved.
PRESTIGE MARIGOLD-PHASE I is a Plotted Development project by ACE REALTY VENTURES in Bengaluru Rural, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1250/303/PR/240122/004653 on 24 Jan 2022. Possession is promised by 30 Jun 2023. 1 complaint is on record with the regulator.
At a glance
Project
- NamePRESTIGE MARIGOLD-PHASE I
- TypePlotted Development
- Location
- Devanahalli
- Bengaluru Rural
- 560036
- Pincode560036
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1250/303/PR/240122/004653
- ReraGenie IDRG-KA-16114
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on24 Jan 2022
- Promised completion30 Jun 2023
- Revised completionNone
- BuildingsNot stated in filing
- Documents filed294 files
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Land and ownership38
This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| Ace Realty Ventiures | - | - |
| ACE Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty ventures | - | - |
| ACE Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
| Ace Realty Ventures | - | - |
Project account and cost
70 percent of buyer money must sit in the project account, so check that your agreement for sale names a designated account for this project and pay into that account only.
| Cost line | Estimated | Incurred |
|---|---|---|
| On-site expenditure-Cost Of Services(Water, Electricity, Sewage) | Rs 41.40 cr | - |
| On-site expenditure-Site Overhead | Rs 30.36 cr | - |
| Estimated Cost of Construction as certified by Engineer | Rs 29.67 cr | - |
| Payment of taxes | Rs 20.47 cr | - |
| On-site expenditure-Consultants Fees | Rs 2.07 cr | - |
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Engineer | Design Tree Service Consultants |
| Chartered Accountant | M Padmanabha Bhat |
Complaints filed with RERA Karnataka1
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| 00020/2023 | - | ACE REALTY VENTURES | 04/01/2023 |
Documents filed294
As listed on the registration, under the names the promoter filed them with; the newest 80 of 294 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1250/303/PR/240122/004653 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Sl.No.12 is pertaining to the conversion order of Sy.No.188/1, 189/2 and Sy.No.191/3File: OM188.pdf | 10 Jan 2022 |
| Sl.No.13 is pertaining to the conversion order of Sy.Nos.189-1,4,5,6, 190-4,190-6File: OM189.pdf | 10 Jan 2022 |
| Sl.No.15 is pertaining to the conversion order of Sy.No.190/8,191/4, 194/5, 194/6 and 195/5File: OM190.pdf | 10 Jan 2022 |
| OM for the 190/5, 190/6, 190/7 attached, the respt of OM are part of Sl.No.1-3 in the above attachedFile: OM1905.pdf | 10 Jan 2022 |
| RTC for Sy.No.195-6File: 195-6.pdf | 10 Jan 2022 |
| EC for Sy.No.195/6File: Ec195-6.pdf | 10 Jan 2022 |
| Sale Deed-195-6File: SD195-6.pdf | 10 Jan 2022 |
| Conversion order for Sy.No.195/6File: OM1956.pdf | 10 Jan 2022 |
| EC for Sy.No.190/9File: EC1909.pdf | 10 Jan 2022 |
| Sale Deed for Sy.No.190/9File: SD190-9.pdf | 10 Jan 2022 |
| Draft Agreemnt to SellFile: Draft AGS Marigold 2-12-2021.pdf | 10 Jan 2022 |
| Sale Deed-190-6File: Sale Deed-190-6.pdf | 28 Dec 2021 |
| Katha 190-6File: katha190-6.pdf | 28 Dec 2021 |
| EC-Sy.No.190-6File: EC-190-6.pdf | 28 Dec 2021 |
| RTC and MR-190-6File: RTC-190-6.pdf | 28 Dec 2021 |
| Sale Deed-190-9File: SD-190-9.pdf | 28 Dec 2021 |
| Katha 190-9File: Katha-190-9.pdf | 28 Dec 2021 |
| OM-190-9File: OM-190-9.pdf | 28 Dec 2021 |
| RTCFile: RTC-PDF.pdf | 28 Dec 2021 |
| ECFile: Ec.pdf | 28 Dec 2021 |
| Gift Deed-Deepak GowdaFile: Gift Deed-Deepak.pdf | 28 Dec 2021 |
| OM-17-18 MaragondanahalliFile: OM-17-18.pdf | 28 Dec 2021 |
| OM 188-1,189-2,191-3File: OM-188-1,189-2,191-3.pdf | 28 Dec 2021 |
| OM 189-1,4,5,6, 190-4,190-6File: Om189-1,4,5,6, 190-4,190-6.pdf | 28 Dec 2021 |
| OM 189-7File: OM189-7.pdf | 28 Dec 2021 |
| OM 190-8.191-8,195-5File: OM-190-8,191-8,195-5.pdf | 28 Dec 2021 |
| sy no. 188/5 ext 0.22G-Sale DeedFile: Sd-188-5.pdf | 28 Dec 2021 |
| EC-Merged reflecting all the transactionFile: EC-All.pdf | 28 Dec 2021 |
| Affidavit Confirming the no litigtion is attached.File: Litigation Affidavit.pdf | 28 Dec 2021 |
| KSPCB payment noteFile: KSPCB.pdf | 28 Dec 2021 |
| Payment note-KSPCBFile: Payment receipt.pdf | 28 Dec 2021 |
| Water NOC-PanchyayathFile: WATER NOC.pdf | 28 Dec 2021 |
| (1) AffidavitFile: Marketing Affidavit.pdf | 28 Dec 2021 |
| Project specificationFile: Specification.pdf | 28 Dec 2021 |
| STP location in DPFile: DP - STP.pdf | 28 Dec 2021 |
| STP plan is attached.File: STP-plan.pdf | 28 Dec 2021 |
| Draft Sale DeedFile: Draft Sale Deed.pdf | 28 Dec 2021 |
| RTC, survey 14/1 | - |
| Mutation, survey 14/1 | - |
| Encumbrance Certificate, survey 14/1 | - |
| Conversion/Alienation Order, survey 14/1 | - |
| Sale/Title/Gift Deed, survey 14/1 | - |
| Khatha, survey 14/1 | - |
| RTC, survey 14/2 | - |
| Mutation, survey 14/2 | - |
| Encumbrance Certificate, survey 14/2 | - |
| Conversion/Alienation Order, survey 14/2 | - |
| Sale/Title/Gift Deed, survey 14/2 | - |
| Khatha, survey 14/2 | - |
| RTC, survey 15 | - |
| Mutation, survey 15 | - |
| Encumbrance Certificate, survey 15 | - |
| Conversion/Alienation Order, survey 15 | - |
| Sale/Title/Gift Deed, survey 15 | - |
| Khatha, survey 15 | - |
| RTC, survey 16/1 and 16/2 | - |
| Mutation, survey 16/1 and 16/2 | - |
| Encumbrance Certificate, survey 16/1 and 16/2 | - |
| Conversion/Alienation Order, survey 16/1 and 16/2 | - |
| Sale/Title/Gift Deed, survey 16/1 and 16/2 | - |
| Khatha, survey 16/1 and 16/2 | - |
| RTC, survey 17 | - |
| Mutation, survey 17 | - |
| Encumbrance Certificate, survey 17 | - |
| Conversion/Alienation Order, survey 17 | - |
| Sale/Title/Gift Deed, survey 17 | - |
| Khatha, survey 17 | - |
| RTC, survey 18 | - |
| Mutation, survey 18 | - |
| Encumbrance Certificate, survey 18 | - |
| Conversion/Alienation Order, survey 18 | - |
| Sale/Title/Gift Deed, survey 18 | - |
| Khatha, survey 18 | - |
| RTC, survey 145 | - |
| Mutation, survey 145 | - |
| Encumbrance Certificate, survey 145 | - |
| Conversion/Alienation Order, survey 145 | - |
| Sale/Title/Gift Deed, survey 145 | - |
| Khatha, survey 145 | - |
| RTC, survey 188/1 | - |
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Builder: ACE REALTY VENTURES
ACE REALTY VENTURES has 2 registrations on RERA Karnataka, including Prestige Marigold Phase II and PRESTIGE MARIGOLD-PHASE I. Its filings declare 1 earlier project, 1 of them declared completed. Read the full track record. See more projects on the Bengaluru Rural district page.
Frequently asked questions
What are my rights if PRESTIGE MARIGOLD-PHASE I is delayed beyond 30 Jun 2023?
Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, at the rate the state's RERA rules prescribe, or exit and claim a full refund with interest. Claims are filed as complaints with RERA Karnataka.
How do I verify and contact the developer of PRESTIGE MARIGOLD-PHASE I?
The registered promoter entity is ACE REALTY VENTURES, a partnership firm as per the filing. Its GSTIN 29ABPFA9695R1ZX can be cross-checked on the MCA and GST portals. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's RERA Karnataka listing and in its filed documents.
Is my payment protected in PRESTIGE MARIGOLD-PHASE I?
Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.
How do I read the complaint cases filed against PRESTIGE MARIGOLD-PHASE I?
Each case number above is a complaint filed with RERA Karnataka. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.
Who certifies construction progress at PRESTIGE MARIGOLD-PHASE I?
The professionals named in the filing: Engineer: Design Tree Service Consultants; Chartered Accountant: M Padmanabha Bhat. Their certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.
What should I check before booking in PRESTIGE MARIGOLD-PHASE I?
Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area; that the agreement follows the model agreement under the state's RERA rules, with deviations highlighted; the promoter's record on their other projects, not just this one; whether construction progress keeps pace with sales in the coming quarters.
Spotted something wrong on this page, or want to tell us what would make it more useful? Every page here is built from what the promoter filed on RERA Karnataka, and we read every report.
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