Home / Browse projects / Bengaluru Rural, Karnataka / Prestige Park Drive - Phase 3
Prestige Park Drive - Phase 3
By PRESTIGE HOSPITALITY VENTURES LIMITED
RG-KA-88845 · RERA PRM/KA/RERA/1250/303/PR/190822/005171 · Last updated on RERA Karnataka portal: 17 Aug 2022
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
Saved.
Prestige Park Drive - Phase 3 is a Plotted Development project by PRESTIGE HOSPITALITY VENTURES LIMITED in Bengaluru Rural, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1250/303/PR/190822/005171 on 19 Aug 2022. Possession is promised by 31 Dec 2022.
At a glance
Project
- NamePrestige Park Drive - Phase 3
- TypePlotted Development
- Location
- Devanahalli
- Bengaluru Rural
- 562110
- Pincode562110
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1250/303/PR/190822/005171
- ReraGenie IDRG-KA-88845
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on19 Aug 2022
- Promised completion31 Dec 2022
- Revised completionNone
- BuildingsNot stated in filing
- Documents filed107 files
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Land and ownership2
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 |
|---|---|---|
| Trishul Buildtech and Infrastructures Private Limited | - | - |
| Shree Shyam Real estates | - | - |
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 |
|---|---|---|
| Estimated Cost of Construction as certified by Engineer | Rs 3.41 cr | - |
| On-site expenditure-Cost Of Services(Water, Electricity, Sewage) | Rs 2.05 cr | - |
| On-site expenditure-Site Overhead | Rs 18.66 lakh | - |
| On-site expenditure-Consultants Fees | Rs 6.71 lakh | - |
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Engineer | Mr. Munish Sharma |
| Chartered Accountant | M Padmanabha Bhat |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed107
As listed on the registration, under the names the promoter filed them with; the newest 80 of 107 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1250/303/PR/190822/005171 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Balance Sheet-22File: Balance sheeet PHVL 22.pdf | 17 Aug 2022 |
| Balance Sheet-2021File: Balance sheet PHVL 21.pdf | 17 Aug 2022 |
| Profit and Loss-21-22File: Profit and loss Statement PHVL 22.pdf | 17 Aug 2022 |
| Profit and loss-20-21File: Profit and loss Statement PHVL 21.pdf | 17 Aug 2022 |
| Directors ReportFile: Board Report 2020-21.pdf | 17 Aug 2022 |
| Directors ReportFile: Board Report 2019-20.pdf | 17 Aug 2022 |
| Cash Flow Statement-19-20File: Cashflow Statement PHVL 20.pdf | 17 Aug 2022 |
| Cash Flow Statement-20-21File: Cash flow statement PHVL 21.pdf | 17 Aug 2022 |
| Cash Flow statement-22File: Cash flow statement PHVL 22.pdf | 17 Aug 2022 |
| Directors reportFile: Director's Report 2018.pdf | 17 Aug 2022 |
| Auditors Report 21-22File: Audit report PHVL 22.pdf | 17 Aug 2022 |
| Auditors Report 20-21File: Audit report PHVL 21.pdf | 17 Aug 2022 |
| ITR20-21File: ITR V 2020-21.pdf | 17 Aug 2022 |
| ITR21-22File: ITR V 2021-22.pdf | 17 Aug 2022 |
| RTC-51/1File: RTC-51-1.jpeg | 17 Aug 2022 |
| RTC-51-2File: RTC-51-2.jpeg | 17 Aug 2022 |
| RTC-51-3File: RTC-51-3.jpeg | 17 Aug 2022 |
| No litigation Affidavit-LOFile: No litigation-Owner.pdf | 17 Aug 2022 |
| BESCOM NOCFile: BESCOM.pdf | 17 Aug 2022 |
| Water AffidavitFile: Affidavit.pdf | 17 Aug 2022 |
| (1) AffidavitFile: Marketing-Affidavit.pdf | 17 Aug 2022 |
| Agreement to Sell-DraftFile: DRAFT AGS PPD Extention 22-06-2022.pdf | 1 Aug 2022 |
| Affidavit-BESCOM NOCFile: NOC-Affidavit.pdf | 1 Aug 2022 |
| KSPCB NOC-ExtentionFile: CFE Addendum Ack-Prestige Park Drive.pdf | 8 Jul 2022 |
| Relinquishment Deed-CAFile: RD-CA.pdf | 8 Jul 2022 |
| Relinquishment Deed-Park and open spacesFile: RD-Road and Parks.pdf | 8 Jul 2022 |
| Phase wise demarcation planFile: PPD - Phasewise demarcation.pdf | 8 Jul 2022 |
| Form BFile: Form B.pdf | 8 Jul 2022 |
| Hiss phodyFile: 34 Tippani-Atlas & Hissa Mojini.pdf | 8 Jul 2022 |
| Gift DeedFile: 11-GD 11353-20032015.pdf | 8 Jul 2022 |
| Gift DeedFile: 11-GD 11354-20032015.pdf | 8 Jul 2022 |
| Saguvali chitFile: 7-Saguvali Chit dtd 07012005.pdf | 8 Jul 2022 |
| Grant OrderFile: 6-Official Memorandum LNDRUCSR.pdf | 8 Jul 2022 |
| Land Cost orderFile: Guideline Value-PPD.pdf | 8 Jul 2022 |
| No litigation affidavitFile: No litigation.pdf | 8 Jul 2022 |
| Estimated cost of constructionFile: Form 3 PPD 3.pdf | 8 Jul 2022 |
| AffidavitFile: Marketing-Affidavit.pdf | 8 Jul 2022 |
| AGSFile: DRAFT AGS PPD Extention 22-06-2022.pdf | 8 Jul 2022 |
| Phasse wise demarcation-STP locationFile: PPD - Phasewise demarcation.pdf | 8 Jul 2022 |
| SpecificationFile: Extention-Specification.pdf | 8 Jul 2022 |
| RTC, survey 51/1,51/2, 51/3 | - |
| Mutation, survey 51/1,51/2, 51/3 | - |
| Encumbrance Certificate, survey 51/1,51/2, 51/3 | - |
| Conversion/Alienation Order, survey 51/1,51/2, 51/3 | - |
| Sale/Title/Gift Deed, survey 51/1,51/2, 51/3 | - |
| JDA, survey 51/1,51/2, 51/3 | - |
| Khatha, survey 51/1,51/2, 51/3 | - |
| Registration CertificateFile: PHVL-COI.pdf | - |
| Organization StructureFile: Org Chart.pdf | - |
| Certificate issued by CA Form 1File: Form 1 PPD 3.pdf | - |
| Certificate issued by Engineer Form 3File: Form 3 PPD 3.pdf | - |
| Project Chartered Accountant | - |
| Project Engineer | - |
| AffidavitFile: Form B.pdf | - |
| Certificate from Chartered AccountFile: Form 1 PPD 3.pdf | - |
| Certificate issued by ArchitectFile: Form 2 PPD 3.pdf | - |
| Balance Sheet 2020 - 2021File: Balance Sheet -Mar20.pdf | - |
| Balance Sheet 2019 - 2020File: Balance Sheet -Mar19.pdf | - |
| Balance Sheet 2018 - 2019File: Balance Sheet -Mar18.pdf | - |
| Audited Profit and Loss Statement 2020 - 2021File: P & L Statement -Mar20.pdf | - |
| Audited Profit and Loss Statement 2019 - 2020File: P & L Statement -Mar19.pdf | - |
| Audited Profit and Loss Statement 2018 - 2019File: P & L Statement -Mar18.pdf | - |
| Director's Report 2020 - 2021File: Director's Report 2018.pdf | - |
| Director's Report 2019 - 2020File: Director's Report 2018.pdf | - |
| Director's Report 2018 - 2019File: Director's Report 2017.pdf | - |
| Cash Flow Statement 2020 - 2021File: Cashflow Statement -Mar20.pdf | - |
| Cash Flow Statement 2019 - 2020File: Cashflow Statement -Mar19.pdf | - |
| Auditor's Report 2020 - 2021File: Auditors Report -Mar20.pdf | - |
| Auditor's Report 2019 - 2020File: Auditors Report -Mar19.pdf | - |
| Auditor's Report 2018 - 2019File: Auditors Report -Mar18.pdf | - |
| Income Tax Return Acknowledgement 2020 - 2021File: ITR PHVL 6 AY 19-20.pdf | - |
| Income Tax Return Acknowledgement 2019 - 2020File: ITR PHVL 6 AY 18-19.pdf | - |
| TPSL | - |
| BESCOM | - |
| Water NOC | - |
| SANCTION PLAN | - |
| SANCTION PLAN | - |
| SANCTION PLAN | - |
| Specification | - |
| Biappa map-8-proposed-landuse-combined (1) | - |
Promoter's earlier projects1
As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.
| Project | Location | Status | Promised | Delivered |
|---|---|---|---|---|
| PRESTIGE PARKDRIVE-Ph-2 | Sy.No.43-45 and 52 of Palya Village, Kasaba Hobli, Devanahalli Taluk, DevanahallI | Ongoing | May 2022 | Not delivered |
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Builder: PRESTIGE HOSPITALITY VENTURES LIMITED
PRESTIGE HOSPITALITY VENTURES LIMITED has 3 registrations on RERA Karnataka, including Prestige Park Drive - Phase 3 and PRESTIGE PARKDRIVE. Its filings declare 1 earlier project, none 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 Park Drive - Phase 3 is delayed beyond 31 Dec 2022?
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 Park Drive - Phase 3?
The registered promoter entity is PRESTIGE HOSPITALITY VENTURES LIMITED, a company as per the filing. Its CIN U45500KA2017PLC109059 and GSTIN 29AAJCP6547P1ZF 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 Park Drive - Phase 3?
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 Park Drive - Phase 3?
The professionals named in the filing: Engineer: Mr. Munish Sharma; 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 Park Drive - Phase 3?
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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