Where is Prestige Pine Wood located?
Prestige Pine Wood is located at Koramangala ST Bed, Bangalore. This is a premium residential development spread over 2.56 acres of land. The Project consists of 256 Apartments with 3 Towers of 2 Basements + Ground +14 floors. (Address: 7th Main Road, S.T. Bed, Cauvery Colony, Koramangala, Bengaluru, Karnataka 560034, India)
What is the distance from M.G Road?
It is about 8 kms from MG Road.
Who are the Architects/Master Planners of Prestige Pine Wood?
The RSP Architects are the key designers for Prestige Pine Wood.
What are the different types and sizes of apartments?
There are multiple sizes and configurations available from 2 to 4 bedrooms. Please get in touch for more information.
Is there a club house and what are the facilities?
Yes there is a club house. It is equipped with Gymnasium, Swimming pool, Health Club, Squash Court, Billiards, Table Tennis, Multi-Purpose Hall and Mini Theatre.
Is this a phased development and what are the time lines for completion?
The entire project will be taken up in one single phase & is expected to be ready for possession by March 2019.
Is there any differential price based on the floor and orientation of the apartments?
Yes, there is a differential pricing for apartments. Also floor-rise charges of Rs25/- per sqft. per floor is applicable.
How do I book my home at Prestige Pine Wood?
Identify your Apartment from available options.
Fill the booking application form and submit along with supporting documents.
Pay by cheque /DD.Cheques/DD’s should befavouring “PRESTIGE ESTATES PROJECTS LIMITED”.
The Booking Amount is 20% of sale value including car park.
What happens thereafter?
You will be required to issue post-dated cheques (PDC’S) 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 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 August 2015 and your new home will welcome you by March 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, 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 apartment. Additional car parking requests can be taken up for 3 and 4 bedroom apartments only towards project completion at an additional cost based on the availability.
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 plan?
All the NOC’s have been obtained and the 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 if Prestige delays the construction and possession?
Our endeavour is to complete & hand over the project as per committed time lines. However for reasons beyond our control if the project is still delayed, Prestige will pay 9% per annum on the amount collected which will be clearly brought out in the agreements.
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 Pine Wood been approved by banks/Housing finance institutions (HFIs) for loans?
Yes. We will be seeking approvals from all the Leading Banks/HFIs who will extend loans to customers based on their eligibility criteria.
What is my responsibility for disbursement of instalments through HFIs?
If you have availed loan, it is your responsibility to ensure timely disbursement of instalments from FIs 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 receipt of the payment from the HFI.
Who will take care of the maintenance of Prestige Pine Wood?
The maintenance will be taken care of by Prestige Property Management & Services. You can be rest assured Prestige Pine Wood 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. Amount will be eventually transferred to the owners association when formed.
What happens if I have any more questions/clarifications?
Please email us at: email@example.com.
Contact us on:
Toll Free: 1800-313-0080
Corporate Office Land line 080-2559 1080.
Meet us at: Prestige Estates Projects Ltd.,
‘The Falcon House’
No 1, Main Guard Cross Road,
Bangalore – 560001.