Prestige KIADB is a luxury residential project in KIADB Phase 2, Devanahalli, North Bengaluru. The planned completion and possession date is 31 December 2031. The project was in pre-launch in August 2026. The EOI opened in September 2026. The official launch is 16 October 2026. The project has 9 towers with ~1,800 homes on 32.26 acres. This page covers the possession timeline, what the completion date means, and how Karnataka RERA protects buyers.
The planned completion and possession date for Prestige KIADB is 31 December 2031.
The total project duration is 5 years from construction start. Construction starts after the RERA registration and official launch in October 2026. The completion date is filed with Karnataka RERA. It becomes legally binding once RERA registration is confirmed.
The completion date is when the developer commits to finishing construction and obtaining the Occupation Certificate (OC) from the local authority. The OC confirms the building is safe and ready for habitation. Possession letters are sent to buyers after the OC is obtained.
| Term | What It Means |
| Completion date | Developer finishes construction; OC is applied for |
| Occupation Certificate (OC) | Local authority confirms the building is ready |
| Possession date | Buyer receives the possession letter and keys |
| Registration of flat | Sale deed is registered; ownership transfers to buyer |
The RERA-filed completion date is the binding commitment. It cannot be changed without RERA authority approval.
| Stage | Date |
| Pre-launch | August 2026 |
| EOI | September 2026 |
| Official launch | 16 October 2026 |
| RERA registration | In progress; expected at or before launch |
| Construction begins | After RERA registration |
| Completion and possession | 31 December 2031 |
Karnataka RERA gives buyers specific rights when a project is registered.
The completion date is binding. Once filed with RERA, the developer cannot extend the possession date without RERA authority approval. Any extension must be justified and approved.
Delay interest. If the developer delays possession beyond the RERA-filed date, buyers are entitled to interest on all payments made. The rate is the State Bank of India's marginal cost lending rate plus 2%. This is payable monthly until actual possession is given.
Refund with interest. If the buyer does not want to wait after the delay, they may apply for a full refund with interest under RERA.
Defect liability. For 5 years after possession, the developer must repair any structural defects at no cost to the buyer.
70% escrow. At least 70% of all buyer payments for a RERA-registered project must be deposited in a separate bank account and used only for that project's construction and land cost. This prevents fund diversion.
Verify RERA registration status on the Karnataka RERA portal (rera.karnataka.gov.in) before making any payment.
After booking, buyers can track progress through quarterly reports on the RERA portal. Key milestones for Prestige KIADB's 9-tower development:
Prestige KIADB is on 32.26 acres in KIADB Phase 2, Devanahalli, North Bengaluru. A central boulevard separates the 12-acre residential enclave (9 towers, ~1,800 homes) from the integrated business park. The campus has a 50,000 sq ft clubhouse, a central park and pond, and 50+ outdoor amenities. Starting price is Rs 70 Lakhs* for 1 BHK. KIA is ~20 km away (~30 min). STRR (NH-648) is 2.5 km away. Developer is Prestige Group.
The planned completion and possession date is 31 December 2031. The project duration is 5 years from construction start after the RERA registration and October 2026 launch.
Under Karnataka RERA, if the developer misses the RERA-filed possession date, buyers are entitled to interest on all payments made at SBI MCLR + 2% per month until actual possession. Buyers may also apply for a full refund with interest.
After the Occupation Certificate is issued, the developer sends possession letters to all buyers. You will also be notified to make the final payment tranche before collecting the keys.
RERA registration is in progress. Verify the current status on rera.karnataka.gov.in before making any payment beyond the EOI. Do not pay more than 10% advance before RERA is confirmed and a sale agreement is signed.
After RERA registration, check the Karnataka RERA portal (rera.karnataka.gov.in) for quarterly construction progress reports filed by the developer. The reports show milestones completed and funds utilised.
The official launch is 16 October 2026. Full price lists, floor plans, and payment terms are released on that date. The EOI window opened in September 2026.
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