How do I book my home at Prestige Bagamane Temple Bells?
• Identify your Apartment from available options
• Fill the booking application form
• Pay the initial booking amount by a cheque/DD favouring ‘’ PRESTIGE ESTATES PROJECTS LIMITED” together with required supporting documents
• The booking Amount is 20% of the sale value , with the current dated cheque of below amounts and second cheque for balance 20% dated 30 days from booking.
1 BR Rs. 2,00,000/- 2 BR Rs. 3,00,000/- 2.5 BR Rs. 4,00,000/- 3 BR Rs. 5,00,000/-
What happens thereafter?
On receipt of balance booking amount within 30 days against which a formal letter of allotment will be issued. Agreements will follow after completion of allotment process.
When do I get a confirmed allotment?
On payment of 20% of the sale value and submission of post dated cheques for the remaining amount, the allotment will be confirmed.
Can I make 100% down payment?
Yes. This offer is applicable for a limited period only. Please check with the sales team for more details.
How are instalments to be paid and is it time bound?
Instalments are to be paid by way of post dated cheques which is a pre-condition of the allotment.This schedule of payment is not linked to the progress of the construction but on a time bound basis as mentioned in the payment schedule.
What happens if I cancel my booking?
Why would you want to miss out on such a strategically located and meticulously designed project? However, if you do wish to cancel after booking, 1% of the sale value will be forfeited before agreements and 15% of the sale value will be forfeited after agreements as cancellation fee and the balance will be returned (subject to statutory deductions if any without interest.
When does the development start and when can I expect to move into my new home?
Construction will commence by January 2015 tentatively and your new home will welcome you by Mid 2018.
Are modifications permitted in the apartment?
The specifications and designs have been carefully worked out. Considering the number of apartments and the delivery date, customization will not be possible in the collective interest of the purchasers.
What about car parking spaces?
We can provide one car parking space for every apartmentAdditional car parking request will be taken up towards project completion.
Please note, one bedroom unit is without car park.
Is the title of the property clear?
Of course, you are dealing with Prestige. The land is freehold, marketable and free from all encumbrances.
Has BDA sanctioned the plans?
Yes, the development plan has been sanctioned by BDA.
What are the agreements that need to be signed?
The agreements that need to be signed are Agreement to Sell and Agreement to Construct, followed by a Sale Deed.
What is the process of registration and when does registration take place?
Registration will be done only on completion of the development and on payment of the entire sale consideration including the additional charges. Registration will be facilitated by us through an advocate appointed by Prestige.
What is the process of assignment?
Assignment can be done only after the Agreements have been signed, PDCs given and the new party complying with the terms and conditions of the principal agreement. Transfer fee as applicable will be required to be paid. If you have availed a loan then you have to also retrieve and hand over to Prestige all letters and documents issued by Prestige to the bank / housing finance institution. Requests for assignments will be accepted only after 20% of the sale value and 3 instalment payments are paid as per the payment schedule.
What are the additional amounts to be paid?
BESCOM & BWSSB charges, VAT, Service tax, Sinking fund, Advance maintenance charges, Generator charges, Khata assessment charges, Registration charges and any other statutory charges and duties as applicable.
Has Prestige Bagamane Temple Bells been approved by banks/Housing finance institutions (HFIs) for loans?
Yes, leading HFIs have approved the development and will extend loans to customers based on their specified criteria.
What is my responsibility for disbursement of instalments through HFIs?
It is your responsibility to ensure timely disbursement of instalments from HFIs and no demand will be made by us to the HFIs for the same. To facilitate smooth payments, customers are required to issue a consent letter. Post-dated cheques (PDC’s) handed over for the instalments will be returned on completion.
Who will take care of the maintenance of Prestige Bagamane Temple Bells?
The maintenance will be taken care of by Prestige Property Management & Services. You can be rest assured Prestige Bagamane Temple Bells will be cared for by professionals.
What is the scheme for maintenance?
The scheme for maintenance is as under:
• A sum of Rs.45/- per sft will be charged as the advance maintenance fee for the first year and will be collected at
the time of closing of your account. From the second year onwards, maintenance charges will be levied as decided by the Association/Prestige Property Management & Services. All future payments are to be made favouring the property management company.
• An additional sum of Rs.45/- per sft corresponding to the super built area will be collected as sinking fund. This amount will be deposited in an Escrow account and the accruals will be used for major expenditure.