Renowned builder Prestige Group has launched one of their most prestigious project’s “Prestige Falcon City” which is located at Kanakapra Road in South Bangalore. This project is opposite to Metro Cash and Carry on Kanakapura Main road.
This is Mixed- used development (Residential, Retail and Auditorium) project with apartment complex in 41 acres of land area and 7.6 Acres of Commercial development.
This project spread across 48.60 Acres of land area with 70% of Open Space accommodating 2520 units of 2, 2.5, 3 and 4 BHK apartments whose size varies from 1204 sft to 2726 sft.
This Launched project consist of 20 towers with G + 31 floors , each tower will have 2 lifts with capacity of 8 to 10 person and service lift will have 15 person capacities. and 2 lifts in each tower ,along with club houses and many more.
Rate per square depends on the floor rise with basic starting from Rs. 6499 varying up to Rs. 6699 per sft. For every floor, there is an increase of Rs. 15/- per sft with 75% of carpet area in each apartment. This new township indicates the development of a Forum Mall within the project premises in the coming days. Right now the project is under construction and possession by Dec 2018.
Starting from Rs. 81 Lakhs onwards including car parking.
Project is approved by BDA. Approval by BBMP is in process and approved by all Major Banks.
Unit Types and Price
Smartly planned apartment complex in 48.60 acres of land area.
7.6 Acres of Commercial development
Ramps For Handicap Friendliness
Sewage Treatment Plant
Earthquake Resistant RCC Framed Structure
This project has 70% of Open Space and 73% of Carpet space.
Located at Kanakapura Main Road which belongs to south Bangalore
Amazing Club House approximately 60,000 Square Feet.
Source of water will be Bore well and project will have rain water harvest. In Kanakapura the ground water level is good
Metro Station is opposite to the project. Station is not named yet.
Apartments of sizes range from 1204 SQFT onwards.
2, 2.5, 3 and 4 Bed room hall kitchen.
Project will take shape opposite to Metro Cash and Carry on Kanakapura Main road.
Delay compensation would be as per the bank rate of interest on the basic sale value.
20% on Agreement. Currently the price is Rs. 6099/sft with the Brand value and Location once can expect minimum of 30% hike.
Lock-in period is 6 months.
The project is 60% Vaastu Complaint.
The payment scheme of Prestige Falcon city project is in this way.
It’s a time bound Payment, where the commencement of the payment of 24 Instalments schedule starts by the month of December 2014.
Payment can be done in the mode of Cheques with 2 cheques, where first cheque is meant for the booking amount and the second is for the balance 20% of the sale value as one month post-dated.
The floor hike charges will be around Rs.15 per floor, and Car parking costs Rs.3, 00,000. The completion period of the project is 4 years + 6 months grace period.
Preferred Location Charge (PLC) would be around Rs.150. On Agreement Payment in would be in 20 percent.
Prestige Group has become a popular name in the field of real estate ever since the company was established way back in 1986. All credits for this emergence goes to the founder of the company Mr.Razzak Sattar. Over the years, Prestige Group has grown in all direction of Bengaluru with a lot of commercial, residential and hospitality sectors. With over 350 completed residential and commercial projects, Prestige Group has cemented their name in the hearts of people of Bengaluru. Now there are about 60 ongoing projects covering an approximate 60 million sqft area and about 30 upcoming projects in the pipeline.
In the past 20-25 years Bengaluru has seen a giant leap in real estate scenario. A lot of people with little construction background are plunging into full-fledged construction business. In recent times many small builders have cashed in with the high demand for residential and commercial buildings. Only a few builders have managed to itch their brand names in the hearts and minds of people in Bengaluru. One such builder whose name goes by the reputation is The Prestige Group.
Established in 1986, The Prestige Group has enjoyed success in almost all fields like residential, commercial, retail, leisure and hospitality sectors. Ever since the emergence of the brand name, Prestige Group have left no stone unturned to sustain the reputation.
Prestige Awards and Recognitions:
Keeping up to their reputation, Prestige Group has been serving people of Bengaluru with quality and technology ever since the time it was founded in 1986. Following are few achievements of Prestige Group which are worth mentioning.
India's Most Promising Brands 2014 Most Promising Brand - Real Estate Prestige Group
D andamp; B Corporate Awards Top Indian Company 2014 - Real Estate Prestige Group
Asia's Shopping Centre andamp; Mall Awards Most Admired Shopping Centre of the Year The Collection at UB City.
CNBC Awaaz Real Estate Award 2013.
Indian Realty Awards 2013 Developer of the Year Prestige Group
Other Prestige Projects in Bangalore
Prestige Fairfield is new prelaunch projects coming up in dollars colony with 3, 3.5 & 4 BHK
Prestige Song Of The South Begur Pre Launch Bangalore is new project for 1, 2, 2.5, 3bhk and 3.5bhk
by Prestige with luxury amenities.coming up in bannerghatta road developing across 33 Acres Acres of land area
As a private developer of land for housing, we really did not depend on the government to acquire land for us. The land acquisition bill that existed prior to this ordinance had imposed a 70% to 80% consent rule from the farmers before land could be acquired. That was a big stumbling block for the industry.
Indian real estate market has a come long way from having an image portraying a property dealer and customers or construction of buildings to now being a full-fledged sector. Real estate sector in India has been hungry for investors, good projects, affordable housing and some foreign interest for a long time now. Moreover, the government did take much interest into the sector but the end results were not yielding sweet fruits.
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