RERA: K-RERA/PRJ/ERN/048/2021RERA Registered Ongoing Construction (84% Complete)

Asset Prestige - Marine Drive

Promoter / Developer:Asset Homes Private Limited•Marine Drive / Shanmugham Road, Kochi, Kerala

Data directly synced with K-RERA (Government of Kerala)
Certified Land Cost

₹68 Cr

Form 3 CA Certificate
Construction Budget

Awaiting Filing

Form 2 Site Engineer
Official Possession Date

2026-08-31

Delayed by 33 days
70% RERA Escrow Bank

Federal Bank Ltd

A/C: ••••1928

Certified Cost Audit (Form 3 Filing)

CA Certified (Form 3)

Under Section 4(2)(l)(D) of the Real Estate (Regulation and Development) Act 2016, 70% of all amounts realized for the real estate project from the allottees must be deposited in a separate bank account to cover the cost of construction and the land cost.

Certified Land Cost

₹68 Cr

Construction Spend

Awaiting Filing

Total Project Outlay

₹230 Cr

Mandatory Statutory Buyer Escrow Protection (RERA Act 2016 § 4(2)(l)(D)):

Before transferring any booking token or executing RTGS/cheque transfers, buyers MUST cross-verify the project bank account details against the promoter's physical stamped Form C Registration Certificate. Never transfer funds to any personal, marketing broker, or unverified current account.

Bank: Federal Bank Ltd•A/C: ••••1928 (Escrow)•IFSC: FDRL0001002

Official Government Filings (6 Documents on Record)

Source: K-RERA (Government of Kerala)

Official RERA Registration Certificate

Statutory registration certificate granted by K-RERA (Government of Kerala) confirming legal sanction under Registration No. K-RERA/PRJ/ERN/048/2021.

Official Government Vault Record

Municipal Sanctioned Building Plan & Layout Sanction

Town and Country Planning approved structural layouts, sanctioned floor heights, and site setback clearances.

Official Government Vault Record

Chartered Accountant Form 3 Financial Audit & Cost Ledger

Statutory quarterly ledger verifying ₹68 Cr land outlay and ₹230 Cr project cost.

Official Government Vault Record

70% Designated Escrow Bank Account Maintenance Declaration

Designated separate escrow account with Federal Bank Ltd safeguarding buyer funds under RERA Section 4(2)(l)(D).

Official Government Vault Record

Engineer Progress Quarterly Verification Report (Form 2)

Independent chartered engineer audit confirming 84% physical civil construction completion.

Official Government Vault Record

Agreement for Sale (Statutory State RERA Standard Form Draft)

Statutory draft contract guaranteeing delivery dates, carpet area verification, and five-year defect liability.

Official Government Vault Record
Property Verification Audit1 Credit Access

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Contradiction Radar: Form 5 delay & extension detector
Sales Agreement vs RERA Model Contract diff
5 dynamic interrogation questions for builder
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Land Title & Ownership

Freehold Land (Marketable Title)

Sub-Registrar Record on File

Promoter Track RecordInstitutional Grade

Asset Homes Private Limited

Tracked Projects7 Registered
On-Time Score96%

Marine Drive Waterfront, Kochi, Kerala 682031

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Important Information for Property Buyers

This page brings together the official public papers, progress updates, approved building maps, and notifications submitted by the builder to the government real estate authority (K-RERA (Government of Kerala)).

OwnProperty shows these government records exactly as filed by the builder. The dates, work progress, and bank details shown here come directly from what the builder reported. Before paying any token money or signing a sale agreement, we strongly advise you to check the original stamped paper certificate and have an experienced lawyer review the property documents.