What is Prestige Edwardian?
Prestige Edwardian is Prestige’s new upcoming hi-end centrally located Residential Development on Edward Road, Bangalore. This grand tower features, ground plus 14 levels with 2 Towers of a Total 26 Apartments out of which, 2 are penthouses. This project is being developed on approximately 40,000 sqft. site area.
Where is it Located?
The property is located on Edward Road parallel to Cunningham Road, which is in the centre & heart of the city with close proximity to Karnataka State Cricket Association (KSCA), Vidhana Soudha and General Post Office (GPO) among other prominent landmarks. The development is only 2kms from MG Road.
What is the Prestige vision for the Development?
It has been felt over the years that the luxury market needs have not been addressed in the context of living spaces, specifications, lifestyle amenities and most importantly a unique development purely targeting this niche segment, right in the heart of the city.
Accordingly, Apartments at Prestige Edwardian have been carefully planned keeping in mind larger sizes of rooms and the overall ambience to be achieved. The spaces have been utilized in a rich & superior fashion.
Who are the key designers for the Development?
The project architects are Thomas Associates
What are the key features of the Property?
Luxury is embossed in every aspect of design & specification of Prestige Edwardian. Large sizes of apartments accommodate the lifestyle and requirements of modern ultra luxury living. The architectural design exploits the topography and scenic potential of the site with traditional looking towers for the luxury lifestyle living.
What are the sizes and types of the Apartments?
There are 26 Luxury Apartments of which 24 Apartments are of 4750 sqft. and 2 apartments are pent houses of 5855 sqft. each.
What is the timeline for Completion?
The entire development will be completed in a single phase. The marketing launch will be in September 2011. Completion of the development will be 30 months from the date of commencement of construction.
Will My Apartment be furnished?
The Apartments will be completed as per the specifications in the brochure which include dedicated air conditioning of the apartments with false ceiling, ducting & cove lighting. Bedrooms are provided with wardrobes, kitchens are furnished with cabinets & appliances. However, loose furniture and soft furnishing are not included in the price.
However furniture, light fittings, wall paper, curtains, other improvements, soft furnishings etc are not part of our standard offering.
Are Modifications Permitted?
Prestige Edwardian and more particularly its interiors have been designed tastefully so as to match the overall theme and ambience of luxurious modern living in the heart of the city.
Hence, no changes and modifications in design and specifications are being permitted. However, you will have a choice of colors for the flooring, toilet dado & kitchen granite.
What are the Amenities provided at Prestige Edwardian?
The amenities provided within the property are – Gymnasium, Squash Court, Aerobics Hall, Steam & Sauna separately for Men & Women, Swimming Pools (Including Children’s Pool) and a Party Hall.
How do I get an Allotment?
1. Fill the Booking Application Form indicating your choice of apartment along with your Cheque/DD for Rs. 25,00,000/- (Twenty Five Lakhs Only) as booking amount favoring “Prestige Estates Projects Ltd”
2. On confirmation of the apartment of your choice you will be required to make the necessary payments towards the balance of 15% of the Sale Value within 30 days along with the balance post dated cheques as per the payment schedule from the booking date to obtain the Sale Agreement.
3. Payment Terms – You have to strictly adhere to the payment schedule, stipulated in the Agreement of Sale, agreed mutually.
4. An acknowledgement for the booking will be issued on realization of the booking amount.
What happens thereafter?
Formal Sale Agreements will be issued.
How are the installments to be to be paid? Is it time Bound?
Instalments are to be paid by way of post dated cheques (monthly or bimonthly instalments) which is a pre-condition of the purchase. The payment is not linked to the progress of the construction, but on a time bound basis as the delivery date has already been established.
Can I pay 100% down payment? How do I Benefit?
Yes, you can avail a discount on 100% down payment. However, this scheme/offer will be valid for a limited period from the date of launch.
Will there be validity for the price List?
The price list will be subject to change from time to time.
What are the other additional amounts to be paid at the time of handing over?
BESCOM/BWSSB, VAT, Advance Maintenance Charges & Sinking Fund, Khatha, Bifurcation Charges, Registration Charges and any other Taxes as applicable are payable at the time of possession based on the then prevailing guidelines.
Ductable centralized air conditioning system and 100% back up power is being provided to cover the entire apartment.
What happens if I Cancel My Booking?
Cancellation of booking will attract a cancellation charge of 1% of the total sale value of the apartment up to the stage of agreements. Thereafter, the cancellation charges will be 10% of the apartment value. Refunds will be affected only on resale of the apartment.
When will Registration take place?
The Registration of Prestige Edwardian will take place on completion of the development, payment of the entire sale consideration including additional amounts and on handing over possession. Registration will be carried out by lawyers appointed by us.
Can I Sell My Property after I make My First payment?
Transfer and assignment are subject to payment of 15% of the sale value plus three instalments. The transfer fees & compliance with the terms and conditions are at the sole discretion of prestige.
Have all the approvals been obtained?
Yes, all approvals have been obtained.
Is the Title of the Property clear?
Yes, the land is freehold, marketable and free from all encumbrances.
Has the project been approved by Housing finance Institutions?
This project will be approved by selected housing finance institutions. You can check this space for more information.
What will be the scope of Maintenance?
The scope of maintenance will cover maintenance of the common infrastructure for the apartments, roads, and landscape of the common areas. The owners in discussion with the Property Management Company can further define the scope as may be required.
Prestige Property Management and Services will carry out the above scope of maintenance at a cost