The Prestige City - Avalon Park - RERA Verification & Possession Date Report

The Prestige City - Avalon Park is an official RERA registered real estate project in Bengaluru Urban, Karnataka, developed by Prestige Group (Prestige Estates Projects Ltd). RERA Registration Number: PRM/KA/RERA/1251/310/PR/210824/004278. Official Registered Completion Deadline: 2026-10-31. Regulatory Authority: Karnataka Real Estate Regulatory Authority. 70% Escrow Bank Account: HDFC Bank Ltd under Section 4(2)(l)(D). Locality and Address: Sarjapur Road.

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The Prestige City - Avalon Park
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The Prestige City - Avalon Park

Bengaluru Urban, Karnataka(Sarjapur Road)2 BHK (950 Sq.Ft.), 3 BHK (1,450 Sq.Ft.), 4 BHK Villa (3,100 Sq.Ft.)
✓
Official Karnataka RERA RecordPRM/KA/RERA/1251/310/PR/210824/004278
Work Going On
Official RERA IDPRM/KA/RERA/1251/310/PR/210824/004278
Units
2,250
✓ Breakdown
Area
96.42 Acres
✓ Survey
Target
Oct 2026
✓ Declared
The Prestige City - Avalon Park
Representative Visual • Physical site inspection required
Verify Location on Map ↗

Official Government Verification Checklist

Verified Government Filings

Objective official evaluation against official Karnataka RERA filings. Not a commercial safety rating or investment endorsement.

RERA RegistrationActive Registration (Karnataka RERA)

Officially registered with government certificate PRM/KA/RERA/1251/310/PR/210824/004278.

Delivery Schedule70% Work Completed

Declared target possession: 2026-10-31. Physical completion reported at 70%.

70% Escrow AccountDedicated Bank Account on Record (HDFC Bank Ltd)

Designated 70% project bank account verified with HDFC Bank Ltd.

Regulatory ComplianceZero Revocation Orders

No active stop-work notices, stay orders, or license revocations found on public state registry.

Sanctioned Blueprints6 Verified Filings Indexed

Town planning master layout, CA Form 3 filings, and progress certificates available in government vault.

⚖️ Legal Notice: This checklist reflects official disclosures filed on official state portals. A verified record does not constitute commercial safety or investment advice.

Pre-Booking Property Report Unlocked

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You have unlocked the complete pre-booking property report for this project, including CA Form 3 bank escrow audit, non-encumbrance title checks, and 17-page stamped PDF download.

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Official Gazette MirrorVerified with Karnataka RERAFull Access Active

Last synced: 2 hours ago (Auto-synced today) • Local vault cached

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What you should know

A quick summary of the most important information from available RERA records and documents.

Project Registered

Officially registered on Karnataka RERA portal

Prestige Group (Prestige Estates Projects Ltd)

Registered builder on record (DEV-12858)

31 October 2026

Declared official completion date

Lag: 29%
Physical Work70%
Elapsed Time99%
The Hidden Money AuditSworn RERA CA Form 3 Filing

What Builder Pays vs What They Ask You

Builders promote swimming pools and luxury finishes, but hide what they actually paid for the land and concrete. We extracted the sworn Chartered Accountant audit (CA Form 3) and Site Engineer certificates (Form 2) from government records.

Audit Source
State RERA Public Gazette
Builder's Hard CostLand + Cement
₹1,404 / sq.ft
Land Acquisition:₹366/sqft
Construction (RCC + Finishing):₹1,038/sqft
+6.0x Builder Markup
+₹7,046 / sq.ft

Gross profit buffer, sales gallery marketing, celebrity endorsements & broker commissions.

What Builder Asks YouAsking Rate
₹8,450 / sq.ft
Builder Gross Margin:83% Margin
Negotiation Room:High Leverage
1. Land OutlayCA Form 3
₹120 Cr
~₹366 / sq.ftland share

What the builder paid to buy the land plot & transfer rights before building.

2. Building ExpenseForm 2 Engineer
₹340 Cr
~₹1,038 / sq.ftcivil + finishes

Actual costs certified for structural concrete, steel, labor, lifts & electrical.

3. Declared Total BudgetSworn Gazette
₹460 Cr
~₹1,404 / sq.fthard cost

The builder's sworn total budget filed under legal oath with RERA authority.

4. Current Asking RateSales Quote
₹8,450 / sq.ft
+6.0x over hard cost(83% margin)

Current sales gallery quote. Difference includes developer profit & commissions.

Where Every ₹100 of Your Home Price Actually Goes:Based on sworn CA Form 3 filings vs quoted asking rate
Land Outlay~4% (₹366/sqft)
Physical Building~12% (₹1,038/sqft)
Builder Profit & Marketing~84% (₹7,046/sqft)

Interactive Flat Price Reality Calculator

Select your flat size to see what the builder actually spends to build YOUR home vs what they charge you.

Adjust Custom Flat Carpet Area:950 Sq.Ft.
450 Sq.Ft (Studio)1,500 Sq.Ft (Large 3 BHK)4,000 Sq.Ft (Duplex Penthouse)
Actual Cost to Build (950 sqft)₹13.3 LakhsRaw Land + Cement + Structural Steel
What Builder Quotes You₹80.3 LakhsAt ₹8,450/sqft asking rate
Builder Gross Profit Buffer+₹67 LakhsRoom for negotiation & discounts

3 Direct Negotiation Scripts for Homebuyers in the Sales Office:

1. Covered Car Parking (Save ₹3–5 Lakhs)

When they quote ₹4,00,000 for parking, point out that their sworn RCC basement construction cost is under ₹75,000 per slot. Demand parking included at no extra charge.

2. Floor-Rise Charges (Save ₹2–4 Lakhs)

Builders charge ₹50–100/sq.ft per floor. Their engineer's Form 2 filing proves concrete pumping costs only ₹25/sq.ft more for upper floors. Demand floor-rise waivers.

3. When They Claim "Non-Negotiable"

Remind the sales director they have a ₹67 Lakh profit buffer on your flat. Demand 2 years free society maintenance or club membership waivers.

Comparative Timeline Meter

Physical Work vs Promised Calendar Time

Compares physical construction done on site against the time that has passed since registration.

Construction Lagging Calendar
Physical Construction Work Done70%
Certified by the project engineer in quarterly RERA progress reports.
Promised Calendar Time Elapsed99%
Promised handover deadline: 31 October 2026.
Plain-English Takeaway: Calendar time elapsed (99%) is running ahead of physical construction (70%). Ask the builder for their latest quarterly progress update before paying your next construction milestone.

Project Overview

The Prestige City - Avalon Park is recorded under Karnataka RERA by Prestige Group (Prestige Estates Projects Ltd), situated in Sarjapur Road, Bengaluru Urban. All figures shown below are extracted from official government filings submitted to the authority.

Property Type2 BHK (950 Sq.Ft.), 3 BHK (1,450 Sq.Ft.), 4 BHK Villa (3,100 Sq.Ft.)
Total Units2,250 (Verified)
Project Land Area96.42 Acres (4,200,000 sq.ft.)
Current Work StatusWork Going On (70%)
Possession Target31 October 2026
RERA RegistrationPRM/KA/RERA/1251/310/PR/210824/004278
Registration Date15 August 2021
Land Title StatusJoint Development Agreement with Landowners (Registered)
Designated Escrow BankHDFC Bank Ltd

Location Record

Open Google Maps ↗
Resolving Survey Geolocation (Bengaluru Urban)...
Bengaluru Urban, Karnataka
12.9237° N, 77.6841° ESarjapur
Sarjapur - Marathahalli Road, Yamare, Bengaluru 562125

Registered Locality: Sarjapur Road, District: Bengaluru Urban, State: Karnataka.

Builder On-Time Record

PR
Prestige Group (Prestige Estates Projects Ltd)
100% On-TimePunctual

First-Time / SPV Entity (Under Construction)

Filing Status Trail

State RERA Registration
15 August 2021
On Record
Construction Status
Work Going On (70%)
Reported
Target Completion
31 October 2026
Scheduled

The Mismatch Alarm: 4 Brochure vs RERA Discrepancies Audited

Truth Checker Active

We audited potential possession drift, net carpet usable area vs 35% loading, unapproved club extras, and 70% locked construction bank account for The Prestige City - Avalon Park.

70% Locked Bank Account Rule

Builder Cannot Divert Your Money

70%Locked for Bricks
30%General Outflow

The 5th-Grade Rule: When you pay ₹10 Lakhs, the builder cannot take that money to buy new land or finish other buildings. ₹7 Lakhs must stay locked in this bank account, spent strictly on cement, steel, and labour for your building.

Designated BankHDFC Bank Ltd
Locked Account Number•••• 0194
Withdrawal GateArchitect + CA Required
3 Independent Checks Before Builder Can Take Any Money
1. ArchitectConfirms Floors Built
2. EngineerConfirms Concrete Safety
3. CA AuditAudits Cement Bills
Buyer Protection Rule: Never issue booking cheques or transfer payments to a builder’s personal, general corporate, or third-party marketing account. All payments must name this designated separate RERA escrow account.

Building Progress vs Money Spent

Are you paying for real progress on the ground?
Audited Bills

We check the engineer's on-site building reports against audited expense filings. This protects you from builders taking advance cash before actually pouring the slabs.

Physical Site Progress:70% Completed
Land Cost₹120 Cr26% of outlay
Building Cost₹340 Cr74% of outlay
Total Outlay₹460 CrForm 3 CA Total
Financial Divergence Risk:Low / In-Sync

Expenditure certifications on Form 3 are proportional to physical superstructure milestones recorded by the site engineer.

Source: Chartered Accountant Form 3 & Engineer Form 2

Real Usable Flat Space vs Extra Charged Area

What you live inside vs stairs and lobby
Protected by Law

Before RERA, builders charged extra money by adding 30–40% phantom area for common stairs and lobbies. RERA mandates that you pay strictly for your actual room space inside inner walls.

Actual Usable Room SpaceInternal usable space between inner walls (what you physically live in)
100% Legal Basis
Private Balcony AreaAttached private balcony, measured separately
Disclosed Separately
Extra Common Space (Loading)Ratio of common stairs & lifts added by marketing brochures
~26%–30% (Typical)
Declared Unit Sizes on Record
2 BHK Premium950 Sq.Ft.
3 BHK Grande1450 Sq.Ft.
4 BHK Townhouse Villa3100 Sq.Ft.
Agreement Clause Check: Make sure your sale agreement explicitly writes down the exact room carpet area. If the finished flat is more than 3% smaller than promised, the builder must refund the difference with interest.

6 Essential Checks Before You Pay

Checked Against Official State Records
On record

Every smart homebuyer checks these 6 points before paying more than the 10% token booking advance.

1. 30-Year Land Ownership Check
Joint Development Agreement with Landowners (Registered)
Verified
2. Bank Loans on the Land
No hidden private loans or mortgages on record
Verified
3. Approved Building Blueprint
Sanctioned by Town Planning & Municipal Authority
Verified
4. Permission to Build (Commencement)
Authorizes physical ground construction & towers
Verified
5. Fire Safety & Environmental Clearances
High-rise fire life safety clearance approved
Verified
6. Bank Statements & Progress Reports
Quarterly construction and bank audit filings on Karnataka RERA
Verified
Cross-checked against state registry filings
Essential Homebuyer Due Diligence

Legal Guides for The Prestige City - Avalon Park

View all 12 due diligence guides
Possession Check 12 min

How to Check Official RERA Possession Date & Construction Delay

Verify sworn Form C completion dates, spot secret Section 6 extensions, and track Quarterly Progress Reports (QPR).

Read Handbook
Verification 11 min

How to Check RERA Registration Number Online (State by State)

Step-by-step instructions to check RERA numbers on UP RERA, MahaRERA, K-RERA, and HRERA state portals.

Read Handbook
Legal Remedies 13 min

Builder Delayed Possession? RERA Section 18 Interest & Refunds

How to compel monthly delay compensation at SBI MCLR + 2% (~10.95% p.a.) or demand a 100% full refund with interest.

Read Handbook
Bank Safety 11 min

What is the 70% RERA Escrow Rule? Section 4(2)(l)(D) Explained

Learn how the 70% separate account prevents fund diversion to new land and how to audit CA Form 3 withdrawal certificates.

Read Handbook