Where and what is Prestige Falcon City?
Prestige Falcon City is located on Kanakapura Road near the Konankunte Junction – Bangalore. This is a mixed used development spread over approximately 41 acres of land, consisting of 5 Residential Buildings housing 2520 Apartments, a Forum mall (our largest yet) and a world class convention centre. (Address: Bangalore, Kanakapura Rd, West Of Chord Road, Bengaluru, Karnataka 560001, India)
What is its distance from M.G. Road?
The distance to Prestige Falcon City from M.G. Road is 11 Kms.
What are the different types of Apartments and what are their sizes?
Prestige Falcon City consists of 2 Bed, 2 Bed+Study, 3 Bed and 4 Bed apartments.
Is there a Clubhouse, if yes, what are the facilities?
Yes. Prestige Falcon City has a 60,000 sft. (approx), clubhouse facility equipped with Gymnasium, Squash Court, Badminton Court, Mini Theatre, Table Tennis, Billiards, Health Club, Multipurpose Halls and Swimming Pool. Space has also been earmarked for a convenience store.
When does the development start and when can I expect to move into my new home?
Construction will commence by December 2014 and your new home will welcome you by Jan 2019.
Are modifications permitted in the Apartment?
The specifications and designs have been carefully worked out. Considering the number of apartments and the delivery date, customisation will not be possible in the collective interest of the purchasers.
What about Car Parking Space?
We can provide one car parking space for every apartment. Additional car parking requests will be taken up towards project completion, at an Additional Cost.
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 the BDA sanctioned the plans?
Yes, the development plan has been sanctioned by the BDA.
How do i book my Home at Prestige Falcon City?
Identify your Apartment
Fill the Booking Application Form
Pay by cheque/ DD
The booking amount is: 20% of sale value including car park.
The Booking Amount is 20% of the Sale Value of your unit.
What happens thereafter?
You will be required to issue post dated cheques (PDCs) for the remaining amount within 30 days against which a formal letter of allotment will be issued. Agreements will follow after completion of the 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 a 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.
The schedule of payment is on a time bound basis as mentioned in the payment schedule.
What are the other additional amounts to be paid?
BESCOM & BWSSB charges, VAT, Service tax, Sinking fund, Advance maintenance charges, Generator charges, Khatha assessment charges, Registration charges and any other charges as applicable.
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 without interest.
What are the agreements that need to be signed?
The agreements 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 agrees to comply with the terms and conditions of the principal agreement.
The Transfer Fees will have to be paid.
If you have availed of 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 Installment payments are realized as per the payment schedule.
What is my responsibility for disbursement of installments through HFIs?
If you have take a loan, it is your responsibility to ensure timely disbursement of instalments by the bank/HFI and no demand will be made by us to the bank/HFI for the same. To facilitate smooth payments, customers are required to issue a consent letter. Post dated cheques handed over for the instalments will be returned on receipt of the payment from the bank/HFI.
Who will take care of the maintenance of the property?
The maintenance will be taken care of by Prestige Property Management & Services. Now you can rest assured that Prestige Falcon City will be cared for by professionals.
What is the scope of maintenance?
The scope of maintenance will cover maintenance of the common infrastructure for the town homes, roads, landscaped common areas and upkeep of the individual landscape of the town homes. The Owners in discussion with the Property Management Company can further define the scope as may be required. Prestige Property Management & Services will carry out this scope of maintenance at a cost.
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.
What happens if i have any more questions/clarifications?
Please email us at: email@example.com or visit our office at the below-mentioned address:Prestige Estates Projects Ltd.
Prestige Estates Projects Ltd.
The Falcon House
No. 1, Main Guard Cross Road,
Bangalore – 560 001
You can also contact us on Toll free: 1800 313 0080/Corporate office landline : +91 80 2559 1080