Prestige Falcon City Reserve RERA Number and Approval Status

The Prestige Falcon City Reserve RERA Number and Approval Status is applied for and currently waiting for approval from the Karnataka RERA board (K-RERA). This luxury apartment project in Konanakunte, Kanakapura Road, South Bangalore is a brand-new Phase 2 development (earlier called Prestige Falcon City Luxe). Because it is a new phase, it needs a separate legal approval from the already finished Phase 1 project. Prestige Group has sent the master plan, land papers, and building plans to the government board. Once the government checks these papers, they will share the official RERA number on the K-RERA website. After that, the project will move from the pre-launch stage to the official launch.

Prestige Falcon City Reserve Regulatory Fact Sheet

Before you buy a pre-launch home, checking the basic legal facts helps you make a safe choice. The table below shows the current approval details for this project:

Why Prestige Falcon City Reserve Needs a Separate RERA Number (Phase 1 vs. Phase 2)

Many homebuyers get confused online and mix up the old Phase 1 RERA number with the new Phase 2 launch. Under the RERA Act of 2016, every new phase of a big township is treated as a separate project.

Prestige Falcon City Reserve has its own tower plans, flat sizes, completion dates, and bank account. Because of this, the builder cannot legally sell flats in Phase 2 using the old Phase 1 number. Here is the simple difference between the two phases:

Important Buyer Alert: If a property website shows PRM/KA/RERA/1251/310/PR/170913/000114 next to Prestige Falcon City Reserve floor plans, remember that it belongs to the old phase. Always wait for the new Phase 2 RERA number before you sign a Sale Agreement.

Municipal Clearances and Pre-RERA Sanctions

Before K-RERA gives the final registration number, the builder must get several approvals from local government offices in Bangalore. Prestige Group's approval list for this Kanakapura Road project includes:

• BBMP & BDA Plan Sanctions: Approval of the site map, building height, and open spaces from the BBMP and BDA.
• A-Khata & Clear Land Title: Checked land papers, approval to use the land for homes (DC conversion), and proof that the land has no legal issues or unpaid loans.
• Environmental & Utility NOCs: Approval letters from the Environment Board (SEIAA), BWSSB (water and drainage), BESCOM (electricity), and the Fire Department for tall buildings.
• AAI Height Clearance: Permission from the Airports Authority of India saying the tall towers are safe for flight paths.

How K-RERA Approval Protects Homebuyers

Waiting for the official RERA certificate gives homebuyers strong legal and money safety:

1. Strict Carpet Area Pricing: Under RERA rules, Prestige Group must charge you based only on the RERA Carpet Area (the real floor space inside the flat walls, from about 1,204 sq. ft. to 2,726 sq. ft.). They cannot charge based on confusing super built-up areas.
2. The 70% Escrow Account Rule: The builder must put 70% of the money collected from buyers into a separate bank account. They can only use this money to buy land and build this exact project. An engineer, an architect, and an accountant must check and approve every withdrawal.
3. Locked Architectural Plans: Once the building plans and garden spaces are locked with K-RERA, the builder cannot change the flat design or common areas without written permission from at least two-thirds of the buyers.
4. 5-Year Structural Defect Liability: For five years after you get your keys, the builder must fix any building cracks or quality issues for free within 30 days of your complaint.
5. Timely Possession Guarantee: If the builder delays the project past the promised date (planned for August 2031), buyers have the right to ask for monthly interest money for every month of delay until they get their keys.

Step-by-Step Guide: How to Verify the RERA Status Online

You can easily check the live approval status on the government website in two minutes:

1. Go to the official Karnataka RERA website at rera.karnataka.gov.in.
2. Click on "Project Status" in the top menu and select "All Projects" or "Registered Projects".
3. In the "Project Name" box, type Prestige Falcon City Reserve (you can also try Prestige Falcon City Luxe or search the builder name Prestige).
4. Look at the status column to see if the project shows "Under Process / Applied" or "Approved".
5. Once it is approved, click on View Details to download the RERA certificate, approved floor plans, land papers, and building progress updates.

Buyer Checklist Before Booking a Unit

• Check that the new K-RERA number matches the exact project name (Prestige Falcon City Reserve) on your booking form.
• Match the carpet area written in the brochure with the official RERA carpet area sheet.
• Check your exact tower number, floor number, and flat number in the approved building plan.
• Read the official RERA completion date in the Sale Agreement before you pay the 10% booking amount.

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