What is Prestige Summer Fields & where is it located?
Prestige Summer Fields is a contemporary lifestyle villa development spread over 12 acres of prime land located off Marathalli-Sarjapur outer ring road. It offers 83 independent villas and twin houses with a spacious clubhouse, which provides all amenities expected from a prestige property.
Who are the key designers of Prestige Summer Fields?
Architects – RSP
Landscape Consultants – Peridian India Pvt. Ltd.
What are the different types of villas and what are their sizes?
There are three types of villas which are of three and four bedroom configuration.
Will each plot be demarcated for villas?
Yes, each villa will have a landscaped boundary which will distinguish it from the other villa.
Is the entire development compounded?
Yes, Prestige Summer Fields will be a gated community development.
Are modifications permitted?
Prestige Summer Fields has been master planned with a design theme. External and internal finishes have been carefully chosen. Considering the timelines of delivery and also in keeping with the design theme, we will be unable to accept any changes/ modification requests.
What are the amenities provided at Prestige Summer Fields?
The amenities provided at prestige summer fields will include: gymnasium, health club (for men and women) squash court, badminton court, billiards/pool table, party hall, space provision for a convenience store, indoor games, reading room, swimming pool and children’s play area.
Is there a membership fee to the clubhouse?
Membership to the clubhouse will be free of cost to the owners of Prestige Summer Fields. However, usage charges for the facilities will be applicable.
Are the club’s facilities open to non residents of Prestige Summer Fields?
The clubhouse is exclusively for the residents of Prestige Summer Fields.
What is the source of water?
Water will be obtained through the available ground water and BWSSB supply. Water recycling plants, 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 villa and reach it us along with your cheque /DD for Rs 10, 00,000/- for twin house and rs 20, 00,000/- for villa as the booking amount favoring “villa land developers Pvt. Ltd.”
An acknowledgement for the booking will be issued on realization of the booking amount.
Based on your application and priority, we will offer the available 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% of the sale value within 30 days, along with the postdated cheques as per the payment schedule for the remaining amount.
A formal allotment letter will be issued within 30 days on receipt of 15% of the sale value and PDCS.
Allotments will be at the sole discretion of the developer.
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 postdated 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 construction but is to be made on a time bound basis as the delivery date has already been established.
Can I make 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.
Is there a validity period 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 charges, VAT, sinking fund, advance maintenance charges, generator charges, khata and assessment charges, registration charges and any other taxes as applicable are payable at the time of possession based on the then prevailing guidelines.
100% power back up is being provided for all villas at an additional cost.
What happens if I wish to cancel my booking?
Cancellation of booking will attract a cancellation charge of 1% of the total value up to the stage of agreements. Thereafter, the cancellation charges will be 15% of the unit value. Refunds will be effective only on resale of the unit.
What is the type of documentation to be executed?
The documentation consists of agreement to sell and construction agreement. This will be followed with a sale deed at the time of possession.
When will Registration take place?
Registration will be done only on completion of the entire development and receipt of full payment towards the sale consideration including the additional amounts. On handing over of possession, registration will be facilitated by us through an advocate appointed by prestige.
Can I sell my property after I make my first payment?
Transfer is subject to payment of 15% of the sale value +3 installments and transfer frees as well as compliance with the terms and 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 banks/housing finance institutions (HFIs) for loans?
This project will be approved by leading HFIs and will extend loans to customers based on their specified criteria.
What is my responsibility for disbursement 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. Postdated cheques will be returned at the time of possession on receipt of all payments from the HFI as per the payment schedule.
What will be the scope of maintenance?
The scope of maintenance will cover maintenance of the common infrastructure for the villas, roads, landscape of common areas and 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 this scope of maintenance at a cost.