Where and what is Prestige Woodside?
Prestige Woodside is a luxury Row House development set in about 13.31 acres with an Independent Clubhouse and 132 Luxury Units, located at Yelahanka, Bangalore.
What is its distance from M.G. Road?
The distance to Prestige Woodside from M.G. Road is 19 Kms.
Who are the key designers of Prestige Woodside?
Alay Architects are the key designers of Prestige Woodside.
What are the key features of the property?
Prestige Woodside is designed to provide niche Row Houses with a serene living environment & landscape.
What are the different types of Row Houses, and what are their sizes?
The property has 132 Units, which consist of 3 & 4 Bedroom Independent Row Houses.
Is this a phased development? What is the timeline for completion?
The entire Project will be completed in a single phase by January 2019.
Is the entire development compounded?
Yes, Prestige Woodside will be fully compounded.
Is there a Clubhouse, if yes, what are the facilities?
Yes, Prestige Woodside comes with a Clubhouse that is fully equipped with an Aerobics/Yoga Room, Badminton Court, Billiards Room, Cafeteria, Children’s Play Area, Gymnasium, Jogging Track, Library Space, Lounge Bar, Party Hall, Space Provision for a Super Market, Squash Court, Swimming Pool & Table Tennis.
Is there a membership fee to the Clubhouse?
Membership to the Clubhouse will be free of cost for the owners of the units. However, usage charges for the facilities will be applicable.
When does the development start and when can I expect to move into my new home?
Construction will commence by January 2016 and your new home will welcome you by January 2019.
Are modifications permitted in the Villa?
The specifications and designs have been carefully worked out. Considering the number of units and the delivery date, customization will not be possible in the collective interest of the purchasers.
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 the BBMP/BDA sanctioned the plans?
Yes, all NOC’s from various departments have been obtained, BBMP approval is under process.
How do I Book my Home at Prestige Woodside?
Identify your Apartment.
Fill the Booking Application Form.
Pay by Cheque/DD DD favouring “PRESTIGE AAA INVESTMENTS”
The balance 20% of the Sale Value must be paid within a month of your booking.
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 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 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 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 construction but is to be made on a time bound basis, since the delivery date has already been established.
What is the validity of the Price List?
The prices are subject to change from time to time, subject to the discretion of the Management.
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 and Agreement to Construct, followed by a Sale Deed, at the time of possession.
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 agrees to comply with the terms and conditions of the principal agreement.
The Transfer Fees/Assignment Charges along with Service Tax as applicable 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 20% of the Sale Value and 3 Instalment payments are realized as per the payment schedule.
Who will take care of the maintenance of the property?
Owners will have to pay advance Maintenance Charges on completion, covering 12 months from the date the Units are ready for occupation. Thereafter Maintenance Charges will have to be paid monthly/quarterly. The scheme for maintenance is as under:
A sum of Rs. 50/- 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. 50/- 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 OR
Contact us on our Toll Free Number 1800 313 0080/ Corporate Office Land line +91 80 2559 1080 OR
You could also visit our office at the below-mentioned address:
Prestige Estates Projects Ltd.
The Falcon House
No. 1, Main Guard Cross Road,
Bangalore – 560 001