What is the Project Bank Details for Godrej Florenne?

Godrej Properties Limited filed these escrow details with K-RERA for Phase 1 of the project.

Your demand letter from Godrej should show these exact numbers. If even one digit does not match, stop and call the sales team before you pay.

Karnataka follows a three-account model, and most large banks now offer it to RERA-registered builders. Each account has one job, and the bank moves money between them at the end of each day.

• 100% collection account (ending 4682): Every rupee you pay for your rowhouse lands here first. The account has no cheque book or debit card, so the builder cannot spend from it.
• 70% escrow account (ending 4683): The bank moves at least 70% of each payment into this account. Godrej can use this money only for the land and build cost of this project.
• 30% operations account (ending 4684): The rest covers sales, marketing, staff and other day-to-day project costs.

This split keeps most of your money locked to the homes you are buying. Godrej cannot move funds from this project to cover a gap at another site.

Section 4(2)(l)(D) of the RERA Act, 2016 sets this rule for every builder in India. The builder must keep at least 70% of buyer money in a separate bank account. It can then draw from that account only in line with the work done on site.

Three experts must sign off before Godrej can take out any of this money. The project engineer, the architect and a practising CA each check the progress and the costs. For this project, K-RERA names Dinesha Shetty as engineer and Shreyas M as architect. Bhavesh D Shah from Thane acts as the chartered accountant.

The CA also signed the Phase 1 cost figures in Form 1 for the regulator. The filing shows a land cost of ₹118.98 crore and a development cost of ₹461.80 crore. That brings the total Phase 1 cost to about ₹601 crore, which the escrow money must help fund.

Phase 1 possession falls in October 2030, so this rule guards your money right up to handover.

Fraudsters often target big launches, and a ₹5.40 crore starting price makes this project a clear target. So follow these checks each time you make a payment to the builder.

• Pay only to the account shown on the official demand letter from Godrej Properties Limited.
• Match the account number and IFSC with the K-RERA record before you send money.
• Use RTGS, NEFT or a cheque to the project account, and never pay in cash.
• Ignore any request to pay into a personal, broker or new account sent over WhatsApp.
• Collect a receipt for each payment and keep the bank reference number with it.

The project follows a construction-linked plan, so your payments move with the work on site. You first pay the ₹25 lakh EOI amount, then 10% at allotment and 10% at agreement. The rest follows build milestones, and each demand should point to the same 100% account.

If a home loan funds your purchase, share these details with your loan officer early. Your lender pays the builder directly, so it also needs the right account number.

You can check these details yourself in about five minutes, so do it before your first transfer.

• Visit rera.karnataka.gov.in and open the list of registered projects.
• Search for "GODREJ FLORENNE" or type the RERA number PR/150926/008942.
• Open the project page and scroll down to "Project Bank (Escrow Account) Details".
• Match the bank name, branch, IFSC and all three account numbers with your demand letter.

Save a screenshot that shows the date on your screen as well. It will help you if a dispute ever reaches K-RERA.

Phase 2 has its own RERA number, PR/150926/008943, and K-RERA approved it on the same day. RERA treats each number as a separate project, so each phase needs its own escrow set.

If you book a Phase 2 home, check the bank details on the Phase 2 page. Do not assume that the Phase 1 numbers apply to your unit as well. A payment into the wrong phase account can delay your receipts and confuse your records.

A clean escrow filing is a good sign, but it is only one part of your checks. The K-RERA record also shows that Godrej owns 100% of the land across all 44 survey numbers. Godrej bought this land through sale deeds in March 2026, and each parcel holds an A Khatha. The filing also carries an affidavit that states no court case is pending on the land.

Godrej runs all three accounts from one HDFC branch in central Bengaluru. This makes it easy for auditors, the regulator and your lender to track the money. Godrej Properties also trades on the BSE and NSE, so it reports its results every quarter. Together, these give you a clear paper trail for every rupee you pay.