Prestige Raintree Park has two RERA registrations – one for the original project and one for the newly launched Evergreen at Prestige Raintree Park Phase 2, making the Prestige Raintree Park Rera understanding essential for any buyer. Understanding what each registration covers, what the possession commitments are, and how to verify these independently on the Karnataka RERA portal is essential for any buyer conducting due diligence on this project.
RERA Registration Details
|
Phase |
RERA Number |
Description |
Possession Commitment |
|
Phase 1 |
PRM/KA/RERA/1251/446/PR/270824/006981 |
Prestige Raintree Park |
December 31, 2028 |
|
Phase 2 |
PRM/KA/RERA/1251/446/PR/010126/008374 |
Evergreen @ Prestige Raintree Park |
As per RERA filing |
Phase 1: The Primary Development
Phase 1, registered in August 2024 covers 18 towers and 1,520 residential units (3, 4, and 5 BHK apartments from 2,005 to 3,698 sq ft) across 21 acres with a committed possession date of December 31, 2028. This is a approximately 4.3-year delivery timeline from the launch date of September 2024- consistent with the construction timeline required for a large-scale luxury high-rise township of this nature.
Phase 2: Evergreen at Prestige Raintree Park
The January 2026 update confirms that Prestige Group launched Evergreen at Prestige Raintree Park Phase 2 in January 2026, closing its Expression of Interest (EOI) phase on January 13, 2026, with unit allotments beginning January 14. Phase 2 includes 2,000 high-rise apartments across 14 towers, significantly expanding the total project scope under the Prestige Raintree Park Rera framework.
The RERA registration for Phase 2 (PRM/KA/RERA/1251/446/PR/010126/008374) was filed in January 2026, establishing its own legal framework, possession commitments, and buyer protections independent of Phase 1. Buyers purchasing in Phase 2 (Evergreen) should verify the possession date on the Karnataka RERA portal using the Phase 2 registration number specifically.
Total Project Scale with Phase 2
With Phase 1 (1,520 units, 18 towers, 21 acres) and Phase 2 (2,000 units, 14 towers), the total Prestige Raintree Park development encompasses 3,520 units across 32 towers on approximately 52.57 acres. This makes it one of the largest single residential developments currently under construction in East Bangalore.
What RERA Registration Delivers for Buyers
December 2028 Possession Commitment
The December 31, 2028 possession date for Phase 1 is a legally binding commitment under Karnataka RERA. Any delay beyond this date entitles buyers to compensation at SBI MCLR + 2 percent on amounts paid, or a full refund with interest.
Mandatory Escrow Account
70 percent of all Phase 1 buyer collections must be held in a dedicated phase-specific escrow account withdrawable only for Phase 1 construction. This ensures Prestige Group cannot divert Phase 1 funds to Phase 2 construction or other projects.
Specification Protection
Any material change to approved specifications requires buyer consent if it exceeds 2 percent of the approved plan. This protects buyers from post-booking substitution of materials, layout changes, or amenity modifications.
5-Year Structural Defect Liability
Post-possession, Prestige Group carries a 5-year structural defect liability on all Phase 1 units requiring them to rectify any structural issues at no cost to the buyer.
How to Verify on Karnataka RERA Portal
- Visit rera.karnataka.gov.in and navigate to ‘Registered Projects’.
- Search using RERA number PRM/KA/RERA/1251/446/PR/270824/006981 for Phase 1.
- Verify: developer name (Prestige Estates Projects Ltd), project address (Varthur Main Road, Whitefield), number of units (1,520), possession date (December 31, 2028), and approved plans.
- For Phase 2, repeat with registration number PRM/KA/RERA/1251/446/PR/010126/008374.
Frequently Asked Questions:
1. How many RERA registrations does Prestige Raintree Park have and why are there multiple registrations?
Prestige Raintree Park has two separate RERA registrations – one for Phase 1 and another for Phase 2 (Evergreen). This ensures each phase has its own legal framework, possession timeline, and financial accountability.
2. What is the possession timeline committed under RERA for Phase 1?
Phase 1 of Prestige Raintree Park has a legally binding possession commitment of December 31, 2028, as registered under Karnataka RERA.
3. What protections does RERA provide to buyers in Prestige Raintree Park?
Under RERA, buyers are protected through escrow requirements (70% funds locked for construction), compensation for delays (SBI MCLR + 2%), strict control over specification changes, and a 5-year structural defect liability from the developer.
4. How is Phase 2 (Evergreen) different from Phase 1 in terms of RERA compliance?
Phase 2 (Evergreen) has its own independent RERA registration, meaning its possession timelines, approvals, and legal obligations are separate from Phase 1. Buyers must verify details specifically under the Phase 2 RERA number.
5. How can buyers verify the project details on the Karnataka RERA portal?
Buyers can visit the official Karnataka RERA website and search using the project’s RERA numbers to verify developer details, unit count, approved plans, and possession timelines before making a purchase decision.
