Prestige Grove Park RERA Approval

Published On: 29 September 2026

Prestige Grove Park does not have RERA approval yet, as its MahaRERA registration is still in process. Prestige plans to launch the project in March 2027, once the MahaRERA number comes out. Since this is a Mumbai project, the number will start with "P518" and appear on the MahaRERA website. Until then, you can register interest, but you should not sign a sale agreement or pay large sums. This guide covers where things stand, what approval means for you and how to check it yourself.

Prestige Grove Park RERA Status at a Glance

Particular	Current Status
RERA Authority	Maharashtra Real Estate Regulatory Authority (MahaRERA)
Registration Status	Application in process
RERA Number	Not issued yet (Mumbai numbers begin with P518)
Official Launch	Planned for March 2027
Target Possession	December 2031 (final date will follow the RERA record)
Project Stage	Pre-launch, inquiries open
Verification Portal	maharera.maharashtra.gov.in

Current MahaRERA Status of the Project

The 8-acre Borivali township has applied to MahaRERA, and the approval is still awaited. The project plans 6 towers and 1,500 homes, so the file holds a large set of papers. MahaRERA checks the land title, building plans, time plan and the builder's past record. It also checks the bank account set up to hold buyer money for this project.

Once MahaRERA clears the file, Prestige will get a unique RERA number and a QR code. The builder must then print both on every brochure, hoarding, website and social media post. MahaRERA made this rule strict in April 2025, with a fine of up to ₹50,000. So when the number arrives, you will see it on this website and on all official material.

What RERA Approval Will Mean for Your Purchase

RERA approval is far more than a formality for a large project like this in Mumbai. It turns the builder's promises into legal duties that you can hold it to. Here is what the Real Estate (Regulation and Development) Act, 2016 guarantees you once the project is registered.

RERA Rule	What It Says	How It Protects You
Section 3	A builder must register a project before it can sell homes in it	You buy into a project the authority has already checked
Section 4	70% of buyer money must go into a separate project account	Your payments fund your tower and not another project
Section 13	The builder cannot take over 10% of the price without a registered agreement	Your early risk stays small and on paper
Section 2(k)	Homes must be sold on carpet area	You pay only for the usable space inside your walls
Section 14	The builder must fix structural defects for 5 years after handover	You get free repairs for serious build faults
Section 18	The builder must pay interest if it misses the promised date	You get paid for every month of delay

These rules matter even more when possession sits over four years away, as it does here. A long build time means your money stays with the builder for many years. RERA keeps that money safe and ties each payment to real work done on site.

How the MahaRERA Registration Process Works

MahaRERA follows a clear set of steps before it gives a RERA number to any Mumbai project. Knowing these steps helps you judge where the project stands right now.

Filing the application: The builder submits land papers, approved plans, the project timeline and details of all partners.
Opening the escrow account: The builder opens a separate bank account to hold 70% of buyer money for this project.
Scrutiny by MahaRERA: Officials check the documents and ask the builder to fix any gaps they find.
Grant of registration: MahaRERA issues a unique number, a QR code and a public project page.
Launch and sales: The builder can now sell homes, sign agreements and run ads with the RERA number.

The Act asks the authority to decide on a complete application within 30 days. Delays happen when papers need fixing, so no one can promise a fixed date today.

What You Will See on the MahaRERA Portal After Approval

Once approved, Prestige Grove Park will get its own public page on the MahaRERA website. This page gives you facts that no brochure or sales pitch can change. Here is what you will be able to check on it:

The completion date the builder has legally committed to
Approved building plans and the number of floors in each tower
Carpet area of every unit type on offer
Progress reports on the building work, updated every three months
Certified accounts linked to the project's escrow account
Any complaints filed against the project or the builder

Checking this page every few months lets you track the work without asking the sales team. It also gives you proof to rely on if you ever need to raise a complaint.

How to Verify the Prestige Grove Park RERA Number

Verifying the number takes about five minutes, and you should do it before you pay any money. Follow these steps once the number is out.

Go to the official MahaRERA website at maharera.maharashtra.gov.in on your phone or laptop.
Open the "Registered Projects" section and search by project name or RERA number.
Check that the project name, builder name and Borivali address match what you were told.
Confirm the status reads "Live" and not "Lapsed" or "Withdrawn".
Match the completion date on the portal with the date in your agreement.
Scan the QR code on any ad to confirm it opens the same project page.

If any detail does not match, stop and ask the builder for a written reply first.

Buying Before and After RERA Approval

Many buyers want to lock in a home early, and that makes sense given Borivali's price growth. Still, your rights change a lot once the RERA number arrives. The table below shows how big that gap is.

Point	Before RERA Approval	After RERA Approval
What you can do	Register interest or submit an expression of interest	Book a unit and sign the Agreement of Sale
Price clarity	Indicative rates of about ₹34,000 per sq ft	Official price sheet with all charges listed
Floor plans	Draft layouts only	Approved plans on the MahaRERA portal
Money at risk	Keep it small and fully refundable	Up to 10% before a registered agreement
Legal protection	Limited to the written terms you sign	Full protection under the RERA Act
Home loan	Banks will not sanction yet	Banks can sanction and pay in stages

Smart Steps to Take Before the RERA Number Arrives

You do not need to wait on the sidelines while approval is pending. You can use this time well, so you are ready to move fast on launch day.

Get your home loan eligibility checked with two or three banks in advance.
Shortlist your preferred tower, floor band and 2 BHK or 3 BHK size.
Ask for any pre-launch payment receipt with clear refund terms in writing.
Avoid paying cash or making payments to any personal bank account.
Keep checking the MahaRERA portal for the project name each month.
Plan your budget for GST, stamp duty and registration on top of the base price.

FAQs

1. Is Prestige Grove Park RERA approved?

No, Prestige Grove Park is not RERA approved yet, as its MahaRERA registration is in process. Prestige plans to launch the project in March 2027, after the registration comes through. Until then, treat all prices, plans and dates as early details that may still change.

2. What is the RERA number of Prestige Grove Park?

The project does not have a RERA number yet, since MahaRERA has not cleared the file. Once issued, the number will start with "P518", which is the code for Mumbai projects. We will publish the number and QR code on this page as soon as MahaRERA releases it.

3. When will Prestige Grove Park get RERA approval?

The builder expects approval ahead of the planned March 2027 launch in Borivali. MahaRERA aims to decide on a complete file within 30 days of filing. Any request for extra papers can push that date back, so no exact approval date is fixed today.

4. Can you book a flat at Prestige Grove Park before RERA approval?

You can share your interest now, but a formal sale can happen only after approval. Under the RERA Act, the builder cannot take over 10% of the price without a registered agreement. So keep any early payment small, get a receipt and make sure it is fully refundable.

5. How can you check the RERA status of Prestige Grove Park?

Visit maharera.maharashtra.gov.in and open the "Registered Projects" section on the home page. Search for the project name and check that the status shows "Live". You can also scan the QR code on any official ad to reach the same page directly.

6. What happens if possession is delayed after RERA approval?

Once registered, the builder must hand over your home by the date listed on MahaRERA. If it misses that date, Section 18 lets you claim interest for every month of delay. You can also choose to exit the project and get a full refund with interest.