Where and what is Prestige Sunnyside, Oak & Elm?
Prestige Sunnyside is located off the Marathahalli-Sarjapur Outer Ring Road, Bangalore behind Cessna Business Park. This is a residential development spread over approximately 4 acres of land with 5 residential towers housed in 2 Wings – Oak and Elm respectively. There are 395 apartments in all, with an independent Clubhouse for each wing.
What is its distance from M.G. Road?
The distance to Prestige Sunnyside from M.G. Road is 15 Kms.
What are the different types of Apartments, and what are their sizes?
There are apartments to fit every family size and budget.
Is there any 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.
Is there a Clubhouse, if yes, what are the facilities?
Yes, in fact there are two Clubhouses:
Prestige Sunnyside, Oak – Badminton Court, Billiards, Children’s Play Area, Gymnasium, Health Club, Party Hall, Squash Court, Swimming Pool, Table Tennis & Tennis Court
Prestige Sunnyside, Elm – Billiards, Children’s Play Area, Gymnasium, Health Club, Party Hall, Swimming Pool & Table Tennis
All owners get complimentary membership, however a usage fee will be applicable.
When does the development start and when can I expect to move into my new home?
Construction will commence by January 2012 and your new home will welcome you by December 2014.
Are modifications permitted in the Apartment?
Prestige Sunnyside has been master planned with a theme and design, where external and internal finishes have been carefully chosen. Considering the timeline of delivery and the theme we are unable to accept changes/modifications.
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 BBMP/BDA sanctioned the plans?
Yes, the development plan has been sanctioned by the BBMP/BDA.
How do l book my Home at Prestige Sunnyside?
Identify your Apartment
Fill in the Booking Application Form
Pay by Cheque/DD
The Booking Amount is:
2BHK – INR 5 Lakhs
3BHK – INR 7.5 Lakhs
4BHK – INR 10 Lakhs
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 in 60 Days, after completion of the allotment process.
When do I get a confirmed allotment?
On payment of 15% 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 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. This schedule of payment is on a time bound basis as mentioned in the payment schedule. If cheques are dishonoured, the booking would stand cancelled.
What is the validity of the Price List?
The Price List will be subject to change from time to time.
What are the other additional amounts to be paid?
BESCOM & BWSSB Charges, Contribution to the Sinking Fund, Advance Maintenance Charges, Generator Charges, Khata Assessment Charges, Registration Charges, VAT, Service Tax and any other taxes will be required to be paid as per the prevailing guidelines at the time of possession.
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 are executed and 15% of the Sale Value will be forfeited post agreements as Cancellation Fee and the balance will be returned without interest.
What are the agreements that need to be signed?
The agreements that need to be signed are Agreement to Sell & Agreement to Build, followed by a Sale Deed, at the time of possession.
What is the process of registration and when does it 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. In addition:
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 15% of the Sale Value and 3 Installment payments are realized as per the payment schedule.
Has Prestige Sunnyside 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 the property?
The maintenance will be taken care of by Prestige Property Management & Services. You can now be rest assured that Prestige Sunnyside 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 favouring the Property Management Company.
An additional sum of Rs. 42/- per sqft. corresponding to the super built-up 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