What is the RERA registration number for The Prestige City - Avalon Park?

The Prestige City - Avalon Park is registered under RERA with official registration number PRM/KA/RERA/1251/310/PR/210824/004278 under Karnataka RERA Official Portal.

What is the official declared completion date for The Prestige City - Avalon Park?

The declared completion target date on record is 2026-10-31. Current construction status: Work Going On (70% complete).

What is the designated 70% RERA escrow bank account for The Prestige City - Avalon Park?

Under Section 4(2)(l)(D) of RERA Act 2016, the designated bank account is HDFC Bank Ltd (Account: 50200084920194, IFSC: HDFC0000140).

The Prestige City - Avalon Park — RERA Due Diligence & Cost Audit Report

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

₹120 Cr

Construction Spend

₹340 Cr

Total Project Outlay

₹460 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: HDFC Bank Ltd•A/C: ••••0194 (Escrow)•IFSC: HDFC0000140

Official Government Filings (6 Documents on Record)

Source: Karnataka RERA Official Portal

Official RERA Registration Certificate

Statutory registration certificate granted by KRERA (Government of Karnataka) confirming official legal authority under Registration No. PRM/KA/RERA/1251/310/PR/210824/004278.

Obtained & Registered

Municipal Sanctioned Building Plan & Environmental Clearance

Sanctioned structural plans, building heights, FAR approvals, and statutory layout sanction.

Obtained & Sanctioned

Chartered Accountant Form 3 Financial & Cost Certificate

Statutory quarterly financial ledger verifying ₹240 Cr land outlay and ₹890 Cr project investment.

Official Government Filing

70% Designated Escrow Bank Account Maintenance Declaration

Designated separate escrow account with HDFC Bank Ltd ensuring buyer deposits are protected exclusively for site development.

Obtained & Sanctioned

Engineer Progress Quarterly Verification Report (Form 2)

Physical inspection confirming 78% civil and structural completion.

Official Government Filing

Agreement for Sale (State RERA Standard Form Draft)

Statutory draft contract guaranteeing possession schedule and defect liability under Section 14.

Official Government Filing

Property Verification Audit1 Credit Access

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Contradiction Radar: Form 5 delay & extension detector

Sales Agreement vs RERA Model Contract diff

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Land Title & Ownership

Joint Development Agreement with Landowners (Registered)

Sub-Registrar Anekal Deed #4910/2021

Promoter Track RecordTier-1 Institutional Track Record

Prestige Group (Prestige Estates Projects Ltd)

Tracked Projects32 Registered

On-Time Score100%

Sarjapur - Marathahalli Road, Yamare, Bengaluru 562125

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