Prestige Falcon city

Prestige Falcon City is a Mixed Development ( Residential, Retail and Auditorium) project coming up in 41 Acres ( Phase 1). This project is located near Konanakunte Cross on Kanakapura Main Road in South Bangalore. Prestige Falcon City consists of 20 towers, 5 buildings with 2520 apartments. Each tower has ground plus 31 floors. Prestige Group had already come up with the concept of integrated development by name Prestige Shantiniketan which covered a total land area of 105 acres. Another Township Prelaunching by name Prestige Falcon City indicates the development of a Forum Mall within the project premises in the coming days.

Prestige Falcon City FAQ’s

1) Where and what is Prestige Falcon City?

Prestige Falcon City is a Mixed use Development on Kanakapura Main Road in Bengaluru with 20 Towers, set in 41 acres, having 31 floors with a total of units 2520.

2) What are the key features of the property?

It consists of both commercial and residential development. It is a strategically located on Kanakapura Main Road and meticulously designed project, comprising of smartly designed homes with the best possible premium amenities. It has a combination of 1, 2, 2.5, 3 and4 Bed Apartments to pick and choose from.

3) What are the different types and sizes of apartments?

Type Area In Square feet

2 BHK 1204, 1218, 1230,

2.5BHK 1274, 1366, 1370, 1375, 1379

3 BHK 1588, 1591, 1603, 1788, 1800, 1842, 1861, 2104, 2172

4 BHK 2689, 2710, 2726

4) Is this a phased development? What is the timeline for completion?

Yes, Currently Phase one is open for booking. The Completion of the project would be in December 2018.

5) Which is the nearest land mark to this project?

Metro Cash and Carry on Kanakapura Main road is the nearest land mark.

6) What is total Land area?

First Phase will have 41 Acres of development.

7) What is project Pre Launch Date?

5th March 2014.

8) When is project Launch date?

December 2014.

9) When is the possession date?

December 2018.

10) What is project completion time frame?

4 years and 6 months.

11) Is this project Vastu complaint?

Yes. It is 60% Vastu Complaint.

12) Is the model flat available? Can we have a look at it?

Yes, model flat is ready. You can visit the project site to view it.

13) What are the different face available of 2, 2.5, 3 and 4 BHK?

2 BHK– the configurations are as fallows 1204/1218/1230/1270 with single Balcony and 2 Bathrooms, available in 1, 2, 3 and 4 towers of building 6 and 7 with the options of all facings like East, West, North and South.

2.5 BHK– the configurations are as fallows 1375/1379/1366/1370 with single Balcony and 2 Bathrooms, available in 1, 2, 3 and 4 towers of building 2 with the options of all facings like East, West, North and South.

3 BHK– the configurations are as fallows 1588/1591/1603/1788/1748/1800/1842/1861/2104/2172/2104/2140 with double Balcony and 3 Bathrooms, available in 1, 2, 3 and 4 towers of building 2, 5, 6 and 7 with the options of all facings like East, West, North and South.

4 BHK– the configurations are as fallows 2726/2689/2710 with double Balcony and 5 Bathrooms, available in 1, 2, 3 and 4 towers of building 5 with the options of all facings like East, North and South.

14) How much I should pay on agreement?

You need to pay 20% on Agreement.

15) Is there any differential pricing based on the floors or orientation of apartments?

Yes! There is a differential pricing for apartments. For every floor, there is an increase of Rs. 15/- per sft.

16) Is there a Clubhouse? What is the Size of Club House?

Yes, Size of Club House is approximately 60,000 Square Feet.

17) How are installments to be paid and is it time bound?

It’s a time bound Payment, where the commencement of the payment of 24 Installments schedule to starts by the month of December 2014.

18) When does the development start and when can I expect to move into my new home?

Actual construction may start in January 2015, Expected Possession Date is December 2018.

19) Which Govt. body has sanctioned the plans?

The project is approved by BDA. Project is yet to gain Bank Approvals.

20) What will be the scope of maintenance?

It will be approximately 3 to 4rs /sft . Prestige Property Management & Services will maintain until association is formed.

21) What will be the price appreciation at possession?

Currently the price is Rs. 6099/sft with the Brand value and Location once can expect minimum of 30% hike.

22) What is height of the roof?

Height of roof is 10 feet.

23) What Carpet area?

This project has 73%of carpet.

24) What is the open space?

This project has 70% of Open Space.

25) What if I need additional car?

Extra car park will be allotted at the time of agreement at the same cost as previous.

26) What is service tax and registration cost?

VAT is 10.94 %, Service tax is 4.94 % and Registration would cost 6.6 %.

27) What Khatta is this?

It’s ‘A’ Khatta BBMP approved.

28) Will I get Occupational Certificate?

Occupation certificate will be given at the time of possession.

29) Can I do some modifications?

They will not allow any modification till possession, internal modification can be done, and breaking the walls won’t be allowed.

30) Is payment in Cash accepted?

No, it should be either through cheque or DD.

31) What will be the compensation on delay?

Delay compensation would be as per the bank rate of interest on the basic sale value.

32) What will be the lock-in period?

Lock-in period is 6 months.

33) What will be the transfer charges to the builder? And will the builder buys the unit back?

Prestige Group has their own resale team, so they will be helping in selling the property. They charge 100/sft as transfer fee.

34) What will be the cancellation charges?

Cancellation fees will be 1% of the sale value.

35) What about Car parking space?

It will be sufficient for 1 SUV like Innova + 2 two wheeler.

36) 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 entire sale consideration including the additional charges.

37) How many lifts are available on each tower? And how big is the service lift?

Each tower will have 2 lifts with capacity of 8 to 10 person. Service lift will have 15 person capacities.

38) How is Water facility and Source of Water?

This project will have rain water harvest. Source of water will be Bore well. In Kanakapura the ground water level is good.

39) What are surrounding and upcoming developments in nearby?

Metro station which will be operating by mid of next year, Forum Mall in the same property, 11km from M G Road.

40) What will be the UDS of project?

Not available.

41) Do we have Flexible payment option?

Flexible or Construction linked options are not available. This project has got time bound payment.

42) Discount on prices

Price is fixed and cannot be negotiated.

43) Where is the nearest metro station to the project?

Metro Station is opposite to the project. Station is not named yet.

Prestige Falcon City Location:

Prestige Falcon City is located at Kanakapura road the heart of South Bangalore. Kanakapura road has become active on the real estate particularly in the residential sector. The origin of NICE Road which improves the connectivity to Electronic city and Bannerghatta Road. As well the Metro Construction taking place in this area. The nearby locations including Bus Stop, Metro Station.

Near Bus Station Konanakunte Cross Bus Stop.

Nearest Metro Station Anjanapura Cross Road.

IT Hub Electronic City.

MG road is 11 KM.

Bangalore International Airport is 46.5 KM.

 Prestige Falcon City Floor Plans:

Prestige Group an ‘A’ Category builders have a mixed development by name Prestige Falcon city which is coming up in phase wise Like phase1 and phase2, which are 60% vastu compliant. Phase 1 is open for sale. This Project has 70% of open space with the best investment option along with 75% of Carpet area. The Model flats are available for the ease of customers in understanding their impending home very well. The transfer fees per square feet is Rs. 100 and the Delay compensation would be as per the bank rate of interest on the basic sale value, where the lock-in period would be 6 months.