Home / Browse projects / Dakshina Kannada, Karnataka / Prestige Palm Residences-Phase-I
Prestige Palm Residences-Phase-I
By Prestige Estates Projects Limited
RG-KA-84776 · RERA PRM/KA/RERA/1257/334/PR/190108/002286
Source: official RERA Karnataka filing
Red flags
- Completion date moved by 21 months
- 2 extensions taken
Clear
- No complaints on record
- Separate project account declared
Saved.
Prestige Palm Residences-Phase-I is a Residential/Group Housing project by Prestige Estates Projects Limited in Dakshina Kannada, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1257/334/PR/190108/002286 on 8 Jan 2019. Possession is promised by 14 Oct 2023. The completion date has moved by 21 months from the original filing.
At a glance
Project
- NamePrestige Palm Residences-Phase-I
- TypeResidential/Group Housing
- Location
- Mangalore
- Dakshina Kannada
- PincodeNot stated
- RERA no.PRM/KA/RERA/1257/334/PR/190108/002286
- ReraGenie IDRG-KA-84776
Builder
- NamePrestige Estates Projects Limited
- Entity typeCompany
- CINU07010KA1997PLC022322
- Authorized SignatorySwaroop Anish
- OthersTushar Babani Dessai
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on8 Jan 2019
- Promised completion14 Oct 2023
- Revised completionRevised to 14 Oct 2023 (originally 14 Jan 2022)
- Buildings5 building records
- Documents filed54 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Building 2 | - | - | - | 4 | 0 | 4 |
| Building 3 | - | - | - | 6 | 0 | 6 |
| Building 4 | - | - | - | 6 | 0 | 6 |
| Building 5 | - | - | - | 4 | 0 | 4 |
| Building 6 | - | - | - | 4 | 0 | 4 |
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Construction progress by building1
The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
Building:
| Activity | Progress |
|---|---|
| Earth work and other leveling preparation work | - |
| Foundation footing work | - |
| Retaining wall (All types) | - |
| Plinth level Beam | - |
| Sub-structure flooring (Parking Floor, more than one floor below general ground level) | Not applicable |
| RCC or MS Framed structure | - |
| Masonry construction: Bricks, Concrete blocks etc | - |
| Plastering inside , outside & Ceiling | - |
| Joinery: Doors, Windows, Ventilators etc | - |
| Basic work of Water supply, Sanitary and Electrification | - |
| Dadoing, Skirting, Flooring, Tiles work (All types) | - |
| Railing and Grill fixing | - |
| Electrification, Water supply and Sanitary Finishing | - |
| Wardrobe, Showcase, Kitchen cabinet, Puja work | Not applicable |
| Fire prevention and fire fighting fitting and fixture with network | Not applicable |
| Weather Proof work(tile,concrete) | - |
| Painting | - |
| Elevation work | - |
| Internal and External work including landscapes as per santioned drawings | - |
Progress on shared amenities41
Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Water Supply | Yes | - |
| Internal Roads & Footpaths | Yes | - |
| Sewage and Drainage System | Yes | - |
| Parks & Tree planting | Yes | - |
| Street Lighting | No | Not applicable |
| Provision for community buildings and for treatment and disposal of sewage and sullage water | No | Not applicable |
| Solid waste management and disposal | No | Not applicable |
| Water conservation | No | Not applicable |
| Energy management | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Education/Health/Other public amenities | No | Not applicable |
| Electricity supply transformer and substation | Yes | - |
| Emergency Evacuation services | No | Not applicable |
| Storm water drains | Yes | - |
| Use of renewable energy | No | Not applicable |
| Water conservation/rain water harvesting/recharge of ground water | Yes | - |
| Electricity | Yes | - |
| Smart Home Automation | No | Not applicable |
| CCTV Surveillance | No | Not applicable |
| Club House | Yes | - |
| Community Hall | No | Not applicable |
| Outdoor Sports facility | Yes | - |
| Indoor Sports facility | Yes | - |
| Swimming Pool | Yes | - |
| Gym | Yes | - |
| Parks | Yes | - |
| Power Backup | Yes | - |
| Gas | No | Not applicable |
| Water and Sanitation | Yes | - |
| Air Conditioning And incerntion | No | Not applicable |
| Staircases | Yes | - |
| Lifts | No | Not applicable |
| Staircases and Lift lobbies, corridor,lobbies, corridor | Yes | - |
| Fire escapes | No | Not applicable |
| Common entrance and exit for the building / common portico/foyer/verandah | Yes | - |
| Basement | No | Not applicable |
| Terrace | Yes | - |
| Outer Wall | Yes | - |
| Open parking areas and common storage spaces | Yes | - |
| Provision for lodging of management staff and security staff | No | Not applicable |
| Water conservation and renewable energy | No | Not applicable |
Land and ownership
This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
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.
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Alay Designs |
| Engineer | Design Tree Service Consultants |
Extensions applied for2
A revised date filed with the regulator does not change the possession date in your agreement for sale.
No reason recorded in the filing
Reason as filed by the promoterShortage of Building Materials, Concrete, Jalli etc; Force Majeure; Shortage of Building Materials, Concrete, Jalli etc
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed54
As listed on the registration, under the names the promoter filed them with. The files themselves are available at source: search the registration number PRM/KA/RERA/1257/334/PR/190108/002286 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| CertificateFile: Incorporation.pdf | - |
| Architect Certificate for Work Completion Schedule till DateFile: Palm Resi_Ext 1.pdf | - |
| Engineer Certificate for Work Completion Schedule till DateFile: Form-05-Palm Residency-Ph-1-Extension.pdf | - |
| CA Certificate for Funds UtilizationFile: Palm_Resi_Ex-3.pdf | - |
| Architect Certificate for Pending Work Completion Schedule.File: Palm Resi_Ext 2.pdf | - |
| Engineer Certificate for Pending Work Completion Schedule.File: Form-06-Palm Residency-Ph-1-Extension.pdf | - |
| CA Certificate for Funds required for Project CompletionFile: Palm_Resi_Ex-4.pdf | - |
| AffidavitFile: 20221104131826212.pdf | - |
| Latest Encumbrance CertificateFile: EC-Oct 18.PDF | - |
| NOC DetailsFile: CFE_Prestige Palm Residency (Validity Extension) (1).pdf | - |
| PVC Building Construction License | - |
| Site Plan-Clear | - |
| First | - |
| Draft Sale Deed PRR-Phase-I(RERA)26-11-2018 | - |
| Draft AGS PPR -8-11-2018 | - |
| SD -Com | - |
| Section | - |
| Muda | - |
| Allotment Letter Sample | - |
| PPR_Brochure 14x10[5] | - |
| Specs for Deralakatte SPECS 2 | - |
| EC-Oct 18 | - |
| Form B | - |
| Khatha PPR | - |
| JDA | - |
| GPA | - |
| OM | - |
| KSPCB---PPR | - |
| MOEF Palm Residences - | - |
| Site Plan | - |
| Section | - |
| Opinion | - |
| Balance Sheet 2017 - 2018File: PEPL BALANC E SHEET AS ON 31ST 2016.pdf | - |
| Balance Sheet 2016 - 2017File: PEPL BALANC E SHEET AS ON 31ST 2015.pdf | - |
| Balance Sheet 2015 - 2016File: PEPL BALANC E SHEET AS ON 31ST 2014.pdf | - |
| Audited Profit and Loss Statement 2017 - 2018File: PEPL P L AS ON 31ST 2016.pdf | - |
| Audited Profit and Loss Statement 2016 - 2017File: PEPL P L AS ON 31ST 2015.pdf | - |
| Audited Profit and Loss Statement 2015 - 2016File: PEPL P L AS ON 31ST 2014.pdf | - |
| Director's Report 2017 - 2018File: Directors Report 15-16.pdf | - |
| Director's Report 2016 - 2017File: Directors Report 14-15.pdf | - |
| Director's Report 2015 - 2016File: Directors Report 13-14.pdf | - |
| Cash Flow Statement 2017 - 2018File: PEPL CASH FLOW AS ON 31ST 2016.pdf | - |
| Cash Flow Statement 2016 - 2017File: CASH FLOW AS ON 31ST 2015.pdf | - |
| Auditor's Report 2017 - 2018File: PEPL-Auditors Report -Mar16.pdf | - |
| Auditor's Report 2016 - 2017File: PEPL Auditors Report Mar15.pdf | - |
| Auditor's Report 2015 - 2016File: PEPL Auditors Report March 2014.pdf | - |
| Income Tax Return Acknowledgement 2017 - 2018File: PEPL INCOME TAX-2016-17.pdf | - |
| Income Tax Return Acknowledgement 2016 - 2017File: PEPL INCOM TAX-2015-16.pdf | - |
| Income Tax Return Acknowledgement 2015 - 2016File: PEPL-INCOM TAX-2014-15.pdf | - |
| Form B | - |
| Prospectus/BrochureFile: PPR_Brochure 14x10.pdf | - |
| Advertisement Copy 1File: Palm.jpg | - |
| Tower Excel SheetFile: PRM_KA_RERA_1257_334_PR_190108_002286.xlsx | - |
| Occupancy CertificateFile: OC--PPR-24 Villa +CH.PDF | - |
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Builder: Prestige Estates Projects Limited
Prestige Estates Projects Limited has 1 registration on RERA Karnataka, including Prestige Palm Residences-Phase-I. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Dakshina Kannada district page.
Frequently asked questions
What are my rights if Prestige Palm Residences-Phase-I is delayed beyond 14 Oct 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 Palm Residences-Phase-I?
The registered promoter entity is Prestige Estates Projects Limited, a company as per the filing. Its CIN U07010KA1997PLC022322 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 Palm Residences-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.
Who certifies construction progress at Prestige Palm Residences-Phase-I?
The professionals named in the filing: Architect: Alay Designs; Engineer: Design Tree Service Consultants. 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 Palm Residences-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; why the completion date was revised and what the new timeline depends on.
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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