Where & what is Prestige Silversun?
Prestige Silversun is located off Marathahalli-Sarjapur Outer Ring Road, Bangalore behind the Intel Campus. This is a Residential Development spread over approximately 2.5 acres of land with 2 residential towers. There are 102 apartments in all with a clubhouse in the project, which is located on the ground floor of both towers. (Address: Bengaluru, Karnataka 560103, India)
What is the distance from M.G. Road?
The distance is 15 Kms.
What are the different types and sizes of apartments?
There are multiple sizes and configurations available to suit every need and budget. Feel free to get in touch for more information.
Is there differential pricing based on the floors or orientation of apartments?
Yes, there is a differential pricing for apartments. For every level there is an increase of
Rs. 15/- per sqft. Pool facing apartments will be at a premium of Rs. 50/- sqft.
Is there a clubhouse and what are the facilities?
Prestige Silversun has a clubhouse with a Gymnasium, Health Club, Party Hall, Swimming Pool, Provision for a Convenience Store and a Children’s Play Area.
All owners get complimentary membership, however usage fees will be applicable.
When does the development start and when can I expect to move into my new home?
Construction will commence in September 2012 and your new home will welcome you by Jan 2015.
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 space?
We can provide one car parking space for every apartment. Additional car parking requests will be taken up towards project completion.
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 BBMP/BDA sanctioned the plans?
The development plan has been sanctioned by BBMP/BDA.
How do I book my home at Prestige Silversun?
Identify your Apartment
Fill in the Fill the Booking Application Form
Pay by Cheque/DD
The Booking Amount is 15% of the Sale Value
What happens thereafter?
You will be required to provide Post Dated Cheques (PDCs) for the remaining amount within 30 days against which a formal letter of allotment will be issued. Agreements will follow in 60 days after completion of allotment process.
When do I get a confirmed allotment?
On payment of 15% of the sale value and submission of Post Dated Cheques (PDCs) for the remaining amount a confirmed allotment letter will be issued.
Can I make 100% down payment? ?
Yes, please check with our marketing department for the details.
How are installments to be paid and 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 payment is mentioned in the cost sheet. The payment is on a time bound basis as mentioned in the payment schedule. If cheques are dishonored the booking stands cancelled.
Will there be a validity period for the Price List?
Prices are subject to change from time to time.
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 necessary charges.
What happens if I cancel my booking?
Why would you want to miss out on such an unprecedented product offering? However, if you do wish to cancel after booking, 1% of the sale value will be forfeited as cancellation fee before execution of agreement and 15% of the sale value will be forfeited after execution of agreement and the balance will be returned without interest.
What are the agreements that need to be signed?
The following agreements need to be signed:
Agreement to Sell
What is the process of registration and when does registration takes place?
Registration will be done only on completion of the development and on payment of the entire sale consideration including the additional amounts. 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. A transfer fee of Rs. 100/- will be required 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 15% of the sale value and 3 installment payments are paid as per the payment schedule.
Has Prestige Silversun 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 installments through HFIs?
It is your responsibility to ensure timely disbursement of installments 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 handed over for the installments will be returned on receipt of the payment from the HFI.
Who will take care of the maintenance of Prestige Silversun?
The maintenance will be taken care of by Prestige Property Management & Services. Now you can be rest assured that Prestige Silversun will be cared for by professionals.
What is the scheme for maintenance?
The scheme for maintenance is as under:
A sum of Rs. 42/- per sqft. 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 on a quarterly basis payable in advance. All future payments are to be made favoring the property management company.
An additional sum of Rs. 42/- per sqft. 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
orMeet us at:
Prestige Estates Projects Ltd., ‘The Falcon House’ No. 1, Main Guard Cross Road,
Bengaluru – 560 001