Meridian Park Phase I @ The Prestige City

Official Registry Facts

Registration-form facts from the K-RERA detail page: use these to sanity-check the builder brochure, parking allotment, and sanctioned-plan references before relying on plan-extracted approximations.

K-RERA registration tables showing the project mix and tower/wing scale. Use this to sanity-check sales claims such as "only large homes", "low density", or "plenty of parking" against the filed inventory.

K-RERA detail-page flat rows: exact unit numbers, official carpet area, UDS, and parking lots. 898 official flat/unit rows, matching the 898 registered units disclosed above. Use this as a checklist against the specific flat number in your cost sheet and draft agreement.

Legal, Approvals & Project Team

No litigation declared on this project's K-RERA filing.

20 of 44 compliance document slots are filed as Not Applicable; the remaining 24 slots have usable uploaded filings.

No completion certificate (OC) on file yet — project has not been declared complete.

⚠ Registration validity has lapsed: originally due 14 Jul 2025, extended (Section 6 Extension) to 14 Jan 2026 — both dates have passed with no OC on file. The extension on file was granted on 27 Jun 2025 (K-RERA extension no. EX/PRM/KA/RERA/1251/308/PR/250627/004684) — it has been used, its deadline has also passed, and no further extension is recorded.

Clean approvals profile: every applicable statutory NOC is on file — including Fire NOC, environmental clearance and pollution-control clearance (KSPCB), the clearances buyers most often find still pending. Nothing is outstanding among the statutory NOCs — which compliance documents are filed versus still under process is a separate matter, covered in Litigation & compliance above. Since these are developer-filed portal statuses, have your lawyer confirm them against the linked NOC copies.

3 further authority slots are marked not applicable by the regulator.

K-RERA names 4 project professional/vendor rows across Chartered accountant, Engineer, Architect, Contractor. Use this to cross-check whose certificates, drawings, and contractor commitments support the filing; final reliance still belongs with your lawyer/technical reviewer.

Prestige has 88 other K-RERA-registered projects in our records — grouped across the several project-specific entities this developer registers under (e.g. this project is filed as “Prestige Projects”) (average reported construction progress 61%). 52 are past their declared completion deadline with no completion certificate recorded — but because K-RERA publishes OCs inconsistently, a project that has actually been finished and handed over still shows up this way, so this overstates real delays, especially for a high-volume established builder.

Read this as a list to spot-check for a pattern of genuinely stalled projects, not as a delay rate — pull up a few of the builder’s other K-RERA registrations and check whether they’ve actually been delivered.

Financials & Construction Progress

Latest quarterly filing (2025-Q4): ₹0.89 Cr collected from buyers, ₹4.26 Cr withdrawn from the project's escrow account. This quarter the escrow withdrawal (₹4.26 Cr) exceeded buyer collections (₹0.89 Cr) — worth asking the builder to reconcile against certified construction milestones, which is what RERA requires escrow draws to track.

• 100% of registered units are shown as sold/booked, but no completion certificate is on file yet.
• The filed unit sales count did not move across the available QPR window because the project was already effectively sold out.
• Across available QPR rows, escrow withdrawals are 4.78x buyer collections. Ask the builder to reconcile this against certified project costs and prior-period balances.
• In the latest QPR, escrow withdrawal exceeds buyer collections for that quarter. This can be normal if prior balance existed, but it needs a clean explanation.

QPR figures are developer-filed quarterly disclosures. Collections and withdrawals are not a project valuation; they are a sanity check for whether sales, construction progress, and escrow draws appear directionally aligned.

Declared construction cost ÷ registered units averages to ₹36.2 lakhs per unit — the developer's own declared construction/development cost, not a sale price. K-RERA filings don't disclose what the builder is charging, so this can't tell you whether you're getting a fair deal — only you comparing your quoted price against comparable listings nearby can answer that.

RERA 70% project account is on file: KOTAK MAHINDRA BANK Lavelle Road Branch IFSC Code : KKBK000422 Pin Code : 560001. RERA requires 70% of buyer collections to sit in this separate, project-specific account, drawn only against certified construction milestones — confirm your payments are made to THIS account (not a general builder account) and that it appears on your allotment letter.

Location & Connectivity

The nearest major job hub is ~10 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

Straight-line distances from the geocoded project locality (the RERA address is an area, not a door) — directional, not door-to-door drive times. Check the actual road route, the nearest metro station and daily-need shops/schools/hospitals on a site visit.

Built by Prestige Projects. View Prestige Projects's full track record →
Prestige Projects has 11 projects registered in Bangalore, 2 completed, 2 past RERA deadline.

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Figures are the developer's own quarterly disclosures on the Karnataka RERA register. "Built" is the highest construction % filed; "sold" is booked units over total. Not a claim about the developer's intent. Explore every project on our Bangalore project-health tool.