What is Prestige Silver Oak all about & where is it located?
Prestige Silver Oak is a one of a kind lifestyle residential community development spread over 17 acres of prime land located in Whitefield. It offers Independent Villas and a small block of Low Rise Apartments with a spacious clubhouse which provides all amenities expected from a Prestige property. The designs reflect a Middle East influence with all the comfort and luxury of modern day living. There are 146 Independent Villas & 32 Apartments.
The Villas are 4 bedroom units of ground + 2 upper floors with a private backyard reminiscent of the old Bangalore lifestyle.
The Low Rise Apartment block comprises luxurious, efficiently designed 3 bedroom units. Each of these units has an outward looking plan to maximize the views to the surrounding landscape.
The clubhouse is centrally located and spacious with ground + 2 upper floors
Prestige Silver Oak is located on ECC road very close to ITPB and in the vicinity of Prestige Langleigh and Prestige Palms. It is 20 Kms from M.G.Road. (Address: Dodsworth Layout, Whitefield, Bengaluru, Karnataka 560066, India)
What is Prestige’s vision for Prestige Silver Oak?
It has been our endeavor to design and create landmark developments across the potential markets.
Prestige Silver Oak reflects the introduction of a popular Middle East type of architecture with spatial designs keeping in mind local requirements.
Who are the key designers of Prestige Silver Oak?
Architects – Thomas Architects.
Landscape Consultants – M/s. Design Milieu, Bangalore
What are the key features of Prestige Silver Oak?
There are only 178 units in Prestige Silver Oak which is tucked away from busy traffic and has an identity of its own. The land coverage is only 30% and there will be extensive landscaped areas.
What are the different types of Apartments and what are their sizes?
There are two types of three bedroom Apartments.
Is this a Phased Development & what is the timeline for completion?
The entire development will be completed in a single phase. The Marketing launch will be in August 2010, Completion of the development will be 30 months from the date of commencement of construction in November 2010.
Will each plot be demarcated for Villas?
Yes, there will be landscape elements to demarcate the boundaries of the Villas.
Is the entire development compounded?
Yes, Prestige Silver Oak will be a gated community.
Are modifications permitted?
Prestige Silver Oak has been master planned with a theme in design, and external and internal finishes have been carefully chosen. Considering the timeline of delivery and the theme we are unable to accept changes/modifications.
What are the amenities provided at Prestige Silver Oak?
The amenities are provided within the property and in the clubhouse which include :-
A fully fledged gym, swimming pool, multipurpose hall, squash court, health club, badminton court, indoor sports area, provision for convenience store and outdoor lounges aiming to promote healthy community living.
Is there a membership fee to the clubhouse?
Membership to the clubhouse will be free of cost to the owners of units. However, usage charges for the facilities will be applicable.
Are the club facilities open to Non Residents of Prestige Silver Oak?
The clubhouse is exclusively for the Residents of Prestige Silver Oak.
What is the source of water?
Water supply will be obtained through the available ground water & BWSSB supply. A water recycling plant, rainwater harvesting and other methods for optimum use of water resources are planned.
How do I get an allotment?
Fill the Booking Application Form indicating your choice of Apartments/Villas and reach it to us along with your cheque/DD for Rs.15,00,000/- for Villas & Rs.10,00,000/- for Apartments being the booking amount favoring ‘Silver Oak Projects’.
An acknowledgement for the booking will be issued on realization of the booking amount.
Based on your application and priority we will be pleased to offer the available Apartments/Villas of your preference.
On confirmation of the unit of your choice you will be required to make the necessary payments towards the balance of 15% within 30 days along with the post dated cheques as per the payment schedule.
A formal allotment letter will be issued within 30 days on receipt of 15% of the sale value and PDCs from the date of booking.
Allotments will be at the sole discretion of ‘Silver Oak Projects’
What happens thereafter?
Formal Agreements will be issued for execution.
How are the installments to be paid? Is it time bound?
Installments are to be paid by way of Post Dated Cheques which is a pre-condition of the allotment. The schedule of the payment is mentioned in the pricing chart. 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 of 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 a 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?
Yes, approvals have been obtained and we are awaiting the Environmental Clearance from Ministry of Environment.
What happens if I cancel my booking?
Cancellation of Booking will attract a cancellation charge of 1% of the total sale value of the Apartments/Villas upto the stage of Agreements. Thereafter, the cancellation charges will be 10% of the unit value. Refunds will be effected only on resale of the unit.
What is the type of documentation to be executed?
The documentation consists of Agreement to Sell & Agreement to Build. This will be followed with a Sale Deed at the time of possession
When will Registration take Place?
Upon completion of the entire development and receipt of full payment towards the sale consideration including the 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 is subject to payment of 15% of the sale value + 3 installments, transfer fees & compliance with the Terms & Conditions and is 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 select Housing Finance Institutions.
What will be the Scope of Maintenance?
The Scope of Maintenance will cover maintenance of the common infrastructure for the Apartments/Villas, roads, landscape of common areas & upkeep of the individual landscape of the Villas. 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.