Prestige Parklane Promoter Details
Prestige Parklane promoter details name Apex Realty Management Private Limited, a company incorporated in Karnataka in 2018 under CIN U45200KA2018PTC119740 and registered with two directors. The promoter is the legal entity that carries every obligation a buyer can enforce under RERA, which is why the distinction between the promoter company and the Prestige Group brand matters more than most buyers realise.
Promoter Versus Builder: Why Both Names Appear
Prestige Parklane is marketed under the Prestige Group name, and Prestige Group is the builder behind it. The entity that actually applied for RERA registration, holds the land and signs your agreement for sale is Apex Realty Management Private Limited.
Prestige Group: The builder brand, with a portfolio across South India in residential, office, retail and hospitality.
Apex Realty Management Private Limited: The promoter company for this specific project, and the entity named on the RERA registration.
Why it is structured this way: Large developers routinely use a project-specific company, which ring-fences the project and is normal practice rather than a warning sign.
The practical consequence is simple. When you read your agreement for sale, the counterparty is Apex Realty Management Private Limited. Any claim under RERA, including a delay claim, runs against that company.
What the Promoter Has Committed To
Registration: PRM/KA/RERA/1251/309/PR/150926/008941 with Karnataka RERA.
Delivery: Construction from 01 October 2026 with proposed completion on 31 December 2030.
Scale: 1,788 apartments across nine towers on 11 acres 36 guntas.
Cost: A declared total project cost of Rs 1,066.56 crore, made up of Rs 83.64 crore of land cost and Rs 982.92 crore of development cost, each certified by a chartered accountant in Form 1.
Financial disclosure: Balance sheets, profit and loss statements, cash flow statements and income tax acknowledgements for three financial years, filed as annexures.
That last point is easy to overlook and genuinely useful. A promoter registering a project must file three years of audited financials, so a buyer can form a view of the company standing behind the promise rather than relying on brand reputation alone.
How to Verify the Promoter
Check the CIN: U45200KA2018PTC119740 can be looked up on the Ministry of Corporate Affairs portal, which shows incorporation date, directors and filing status.
Read the RERA entry: The promoter name, registration number and declared timeline all sit on the Karnataka RERA portal.
Confirm the agreement counterparty: The name on your agreement for sale should be the promoter company named in the filing.
Read the Form 1 certificate: The chartered accountant certifies the land and development cost figures the promoter has declared.
What a Buyer Can Enforce Against the Promoter
Naming the promoter is not an administrative detail. It identifies the entity against which every RERA remedy runs, which is what turns a brochure promise into an obligation.
Delivery by the agreed date: If the promoter misses it, you may withdraw with a refund plus interest, or stay and claim interest for each month of delay.
Construction to the sanctioned plan: The built project must match plan DO3-KIADB-00128/26-27/BP, and material changes require buyer consent.
Five-year defect liability: Structural defects and poor workmanship reported within five years of possession are the promoter’s responsibility to rectify.
Restricted use of your money: Seventy per cent of collections must stay in the designated project account and be spent on this project alone.
Prestige Parklane Promoter at a Glance
| Promoter Detail | Prestige Parklane |
|---|---|
| Promoter Company | Apex Realty Management Private Limited |
| CIN | U45200KA2018PTC119740 |
| Number of Directors | 2 |
| Builder Brand | Prestige Group |
| RERA Registration | PRM/KA/RERA/1251/309/PR/150926/008941 |
| Approved Plan | DO3-KIADB-00128/26-27/BP, KIADB, 13 August 2026 |
| Total Project Cost | Rs 1,066.56 crore |
| Land Cost | Rs 83.64 crore |
| Development Cost | Rs 982.92 crore |
| Construction Start | 01 October 2026 |
| Proposed Completion | 31 December 2030 |
Frequently Asked Questions
Apex Realty Management Private Limited, a company incorporated in Karnataka under CIN U45200KA2018PTC119740 with two directors. It is the entity registered with Karnataka RERA for this project.
Yes. Prestige Group is the builder brand behind the project, while Apex Realty Management Private Limited is the project-specific promoter company named on the RERA registration and on the agreement for sale.
Large developers commonly use a project-specific company, which ring-fences the project legally and financially. It is standard practice and not a cause for concern, but it does mean your agreement is with the promoter company.
The total project cost declared to RERA is Rs 1,066.56 crore, comprising Rs 83.64 crore of land cost and Rs 982.92 crore of development cost, both certified by a chartered accountant in Form 1.
Look up CIN U45200KA2018PTC119740 on the Ministry of Corporate Affairs portal and cross-check the promoter name on the Karnataka RERA entry for the project.
