ReraGenieLog inGet a buyer report

Home / Browse projects / Bengaluru Rural, Karnataka / PRESTIGE PARKDRIVE

Registration approved Plotted Development project

PRESTIGE PARKDRIVE

By PRESTIGE HOSPITALITY VENTURES LIMITED

RG-KA-95751 · RERA PRM/KA/RERA/1250/303/PR/210219/003940 · Last updated on RERA Karnataka portal: 22 Jan 2021

Source: official RERA Karnataka filing

Red flags

  • No red flags in this filing

Clear

  • No complaints on record
  • Completion date never moved
  • Separate project account declared
Mar 2022Possession promisedno revision filed
0Complaints at RERA Karnatakaon this registration
Jump to the 93 documents Report an error

PRESTIGE PARKDRIVE 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/210219/003940 on 19 Feb 2021. Possession is promised by 31 Mar 2022.

At a glance

Project

  • NamePRESTIGE PARKDRIVE
  • TypePlotted Development
  • Location
    • Devanahalli
    • Bengaluru Rural
  • PincodeNot stated
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PRM/KA/RERA/1250/303/PR/210219/003940
  • ReraGenie IDRG-KA-95751

Builder

  • NamePRESTIGE HOSPITALITY VENTURES LIMITED
  • Entity typeCompany
  • CINU45500KA2017PLC109059
  • Authorized SignatorySWAROOP ANISH
  • OthersRAVIGOPINATH SHARMA
  • Other registrations2 more →
  • Declared earlier projects1 →

Key dates

this monthRegisteredFeb 2021PromisedMar 2022

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on19 Feb 2021
  • Promised completion31 Mar 2022
  • Revised completionNone
  • BuildingsNot stated in filing
  • Documents filed93 files

The full filing

Everything below is from the project's own RERA Karnataka filing, free to read.

Land and ownership1

This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.

Land area53,013 sq m
Named landowners1
LandownerVillageDistrict
TRISHUL BUILDTECH AND INFRASTRUCTURES LTD--

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.

Separate project accountDeclared
Estimated costRs 19.73 cr

Certifying professionals and partners2

Certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectPoornakriti
EngineerAdarshila Structural Consultants

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed93

As listed on the registration, under the names the promoter filed them with; the newest 80 of 93 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1250/303/PR/210219/003940 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
Sale Deed-2347/1995-96 Attached.File: SD-2347-6-2.pdf22 Jan 2021
GPA108 in respect of Sy.No.6/2 attached.File: GPA-6-2-108.pdf22 Jan 2021
Sale Deed 6793 in respect of Sy.No.48 attached.File: SD-48-6793.pdf22 Jan 2021
GPA-586 in respect of Sy.No.48 Attached.File: GPA-48-586.pdf22 Jan 2021
Sale Deed-1170 for Sy.No.49 Attached.File: SD-49-1170.pdf22 Jan 2021
GPA142 for Sy.No.49 attachedFile: GPA-49-142.pdf22 Jan 2021
Sale Deed-6855 for Sy.No.50 attachedFile: SD-50-6855.pdf22 Jan 2021
GPA585 for Sy.No.50 attached.File: GPA-50-585.pdf22 Jan 2021
Sale Deed 7357 for Sy.No.52 attachedFile: SD-52-7357.pdf22 Jan 2021
GPA179 for Sy.No.52 attachedFile: GPA-52-179.pdf22 Jan 2021
Grant orderFile: 48-5-Grant Certificate-O.pdf22 Jan 2021
Grant orderFile: 48-50-Grant Certificvate.pdf22 Jan 2021
Grant orderFile: 52-Grant.pdf22 Jan 2021
Saguvali Chit attachedFile: Saguvali Chit-48-50.pdf22 Jan 2021
MutationFile: 48 mutation.pdf22 Jan 2021
MutationFile: 52-MR.pdf22 Jan 2021
MutationFile: 52-MR.pdf22 Jan 2021
RuC order and Phodi akarbandFile: 48-50-Darkast Register-Phodi.pdf22 Jan 2021
AkarbandFile: Akarband.pdf22 Jan 2021
TippaniFile: Tippani.pdf22 Jan 2021
conversion order-certified copyFile: Conversion order-CC.pdf22 Jan 2021
Katha Certified CopyFile: Panchayath Khatha -5.pdf22 Jan 2021
Plan Demarcating the Phasing-Attached.File: Parkdrive-RERA applicationPlan.pdf22 Jan 2021
Area Statement for this ApplicationFile: PPD.pdf22 Jan 2021
Sites in the present development is demarcated in the Green ColourFile: Parkdrivephasing plan.pdf14 Dec 2020
Affidavit and Site Details enclosed to the affidavitFile: Affidavitand site details.pdf14 Dec 2020
Kotak Bank confirmation Letter as per the new formatFile: Bank Account-declaration.pdf2 Dec 2020
Financials with CA UDIN is attachedFile: Financial Statement Hospitality Ventures-Mar20.pdf2 Dec 2020
Bank Confirmation LetterFile: Kotak Bank confirmation.pdf26 Nov 2020
Financial statement-CA UDINFile: Hospitality Ventures-Mar20.pdf26 Nov 2020
Katha-Sy.No.50File: Katha-50.pdf26 Nov 2020
CertificateFile: PHVL-COI.pdf-
PS letter-
Sanction Plan-
Sanction Plan-
Sale Deed-darft-
Agreement-draft-
Sale Deed-
Sanction Plan-
biappa-
Allotment Letter Sample-
PPD Brochure-
Specification-
EC-Palya-
Affidavit-Mareting-
Parkdrive-Joint affidavit-
Katha-
JDA-TBIPL-
GPA-TBIPL-
OMC-
Unnamed document-
Unnamed document-
Unnamed document-
BESCOM-
Water NOC-
KSPCB Letter-
Unnamed document-
Unnamed document-
Unnamed document-
Unnamed document-
Unnamed document-
Unnamed document-
Unnamed document-
Unnamed document-
Unnamed document-
Sanction Plan-
Specification-
Unnamed document-
Balance Sheet 2019 - 2020File: Balance Sheet -Mar20.pdf-
Balance Sheet 2018 - 2019File: Balance Sheet -Mar19.pdf-
Balance Sheet 2017 - 2018File: Balance Sheet -Mar18.pdf-
Audited Profit and Loss Statement 2019 - 2020File: P & L Statement -Mar20.pdf-
Audited Profit and Loss Statement 2018 - 2019File: P & L Statement -Mar19.pdf-
Audited Profit and Loss Statement 2017 - 2018File: P & L Statement -Mar18.pdf-
Director's Report 2019 - 2020File: Director's Report 2018.pdf-
Director's Report 2018 - 2019File: Director's Report 2017.pdf-
Director's Report 2017 - 2018File: Director's Report 2017.pdf-
Cash Flow Statement 2019 - 2020File: Cashflow Statement -Mar20.pdf-
Cash Flow Statement 2018 - 2019File: Cashflow Statement -Mar19.pdf-
Auditor's Report 2019 - 2020File: Auditors Report -Mar20.pdf-

How this compares with Bengaluru Rural

20%of Bengaluru Rural projects moved their completion datethis one has not
0%of Bengaluru Rural registrations are shown as withdrawn or revokedthis one is not

Computed across the 650+ Bengaluru Rural projects on ReraGenie, from their own filings.

Keep PRESTIGE PARKDRIVE on your shortlist

Saving puts this project on your dashboard with its booking and possession figures, ready to place side by side with up to five others. A free account also gets our weekly market digest by email.

Other projects near Bengaluru Rural650+ in Bengaluru Rural

2 kmPRESTIGE PARKDRIVEOther 16Dot size: filed unitsN

Filed coordinates, straight-line distance. 16 registered projects within 2 km.

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 PARKDRIVE is delayed beyond 31 Mar 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 PARKDRIVE?

The registered promoter entity is PRESTIGE HOSPITALITY VENTURES LIMITED, a company as per the filing. Its CIN U45500KA2017PLC109059 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 PARKDRIVE?

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 PARKDRIVE?

The professionals named in the filing: Architect: Poornakriti; Engineer: Adarshila Structural 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 PARKDRIVE?

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.

Report an error Share feedback

Report an error or share feedback

About PRESTIGE PARKDRIVE. Everything on this page comes from what the promoter filed on RERA Karnataka, so if a fact looks wrong it helps to say which one.

We read every report. We cannot promise a reply to each one.

Save PRESTIGE PARKDRIVE to a free account

It takes a minute, there is no card, and everything on this page stays free to read either way.

Create a free accountI already have one

We will save this project for you as soon as you are in.