Prestige Falcon City is located on Kanakapura Road and spread across a land of 48.6 acres The project also includes a mall and a community hall as a commercial element. The location is very close to the Kanakapura Road metro station and at the same time enjoys good connectivity with suburbs like Banashankari, JP Nagar and Jayanagar. The project is expected to be launched in Dec-14 and ready for possession by the end of 2018. The project is still in the pre-launch stage and thus the contractors for the project is not decided.
Project Analysis
- Approvals status: BDA approved
- Any drawbacks: The project is a mixed development concept, so there is a possibility for delay on possession date.
- Additional Charges:
- Floor Rise Charges : Rs.15/floor/sq ft
- Car Parking : Rs.300000
- BESCOM/BWSSB Charges : Rs.120/sq ft
- Generator Charges : Rs.75000- 2 & 2.5 BHK, Rs.120000- 3 BHK, Rs.150000- 4 BHK
- Katha Charges : Rs.20000
- Adv. Maintenance Charges: Rs.45/sq ft
- Sinking Fund : Rs.45/sq ft
- Payment schedule:
- Booking Amount : 20% of sales value of unit, of which Rs.300000 to be paid immediately and rest of the amount within 30 days
- Rest of the 80% amount to be paid in 24 installments for every 2 months, by post dated cheque
- Public feedback about the project: There is a mixed reaction among the public regarding the price, but considering the location factors and the future developments there is an interest in projects along Kanakapura Road from tier 1 developers
- Special attractions of this project (USP): The project is proposed to be a mixed township development with a combination of residential, leisure & retail space. This is also meant to attract different types of customers including nuclear families, large families, joint families, etc.
Note: The project has approximately 49 units per acre, which indicates moderate density of units and moderate space inside the project
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