Prestige Falcon City Phase 2 apartment's tentative price starts at Rs. 1.44 crores for a 2 BHK residential house, and it may rise to Rs. 3.23 crores for a 4 BHK residential house. The price of Prestige apartments in this locality usually starts from Rs. 75 lakhs onwards for a Single BHK house.

Prestige Falcon City Phase 2offers various residential options catering to different budgets and priorities. It will provide apartments at a reliable and affordable cost. The price range of apartments varies according to the size and configuration preferred by the buyers.

The project's Price List, Cost Sheet, and Payment Plan document will be available soon. We are excited to present an attractive new pricing list at Prestige Falcon City Phase 2 for various apartment sizes. Prestige Group is dedicated to helping customers accomplish their dream of owning a property and becoming property owners.

Kanakapura Road, situated in South Bangalore, is the busiest road connecting the city and blends urban development with natural beauty. It is a well-developed locality with residential apartments, commercial complexes, educational institutions, and a peaceful locality with residential and commercial projects.

Well-established infrastructural developments, such as the completion of the Namma Metro Green Line to Silk Institute, boost the locality's connectivity to different parts of the city. Kanakapura Road is a testament to the city's expansion while preserving its connection to nature.

Kanakapura Road offers close proximity to areas such as :

• Banashankari
• Jaya Prakash Nagar ( JP Nagar)
• Bannerghatta Road
• Electronic City
• Bommanahalli
• Jayanagar
• Kumaraswamy Layout
• NICE Road
• Mysore Road

Prestige Group is well known for its quality homes at a reasonable price during pre- launch, which gives a good return over some time. Creating world-class magnificent apartments in prime locations of Bangalore at an affordable price is the uniqueness of Prestige Group.

Prestige Falcon City Phase 2 is one of the best multi-segmented development projects, which includes residential projects blended with retail space at Prestige Forum Mall in South Bangalore. The below points are assessed while considering the price of apartments in the Prestige Southern Star project.

1. Price of apartments in Prestige Falcon City Phase 2
2. Price of apartments on Kanakapura Road
3. Price of apartments in Bangalore
4. Payment Plan – The upright decision by Prestige Group
5. Current Price on Kanakapura Road and price trends
6. Cost sheet – The ultimate document for customer decision

Price of apartments in Prestige Falcon City Phase 2

Prestige Falcon City Phase 2 is a prestigious residential development offering diverse options for various individuals' unique needs. By consulting the price list, interested buyers can easily select their ideal units based on their budget and preferred size. The expected price of these apartments starts from Rs. 1.44 crores.

These luxurious homes within the project are competitively priced, and the developer will soon unveil the official Prestige Falcon City Phase 2 price. Additionally, detailed pricing information can be obtained upon request. The latest trends will influence the property's pricing strategy in the surrounding area.

Investing in an apartment within this exclusive project during the pre-launch phase is advantageous for investors. Prestige Falcon City Phase 2's cost may rise upon construction completion, surpassing the pre-launch pricing. Grabbing the opportunity during the pre- launch phase provides interested home buyers with a more favourable pricing structure.

Price of apartments on Kanakapura Road

Kanakapura Road is located in South Bangalore and is well known for its residential and small-scale industries. Due to its proximity to all the major locations like Jayanagar, Electronic City, and Mysore Road, the price has been booming in the locality. Namma Metro Green Line construction has been completed and operating since 2020. It runs from Silk Institute to Nagasandra and connects other metro lines, provides easy transportation and saves time, increasing the demand for the properties on Kanakapura Road.

Kanakapura Road is an ideal location for buying a high-quality house. The prices of real estate are very competitive here. Prestige Group will investigate market trends in-depth before deciding on the right price. Buyers of Prestige Falcon City Phase 2 apartments would eagerly reserve their flats during pre-launch in light of price appreciation.

The average price of properties on Kanakapura Road ranges from Rs. 7,839 per sq. ft., and the rent starts from a price of Rs. 35,000/-. A modern apartment with all the basic amenities costs around Rs. 1.51 Crore and can go up to Rs. 5 crores for a lavish futuristic flat. The area is quickly growing and has convenient access to all forms of transportation.

Price of apartments in Bangalore

Buying an apartment is one of the most important decisions because of the expensive rentals in Bangalore. An apartment's location and price may depend on the apartment size. There are many ready-to-move-in apartments in prime locations and outskirts of Bangalore, but investing in a respectable place to live or to get good returns for the investment, looking for a better location within your budget is key to owning a house in Bangalore.

Real estate prices have been booming in recent years in Bangalore, where the price of an apartment ranges between Rs. 45 lakhs and can reach up to Rs. 10 crores for a residential project based on the features provided.

Key Points deciding the price of apartments in Bangalore :

• Location
• Amenities & Specifications
• Project Type
• Builder Reputation
• Resale Value
• Environmental Factors
• Infrastructure Development
• Property age and Condition

In Bangalore, studio flats, 1 BHK, 2 BHK, 3 BHK, and 4 BHK are available. The size of the apartments and the amenities for the families purchasing flats there determine the prices. Prices in the affordable segment start at 50 Lakhs for a good 1 BHK and can reach up to 3 Cr for a 3 BHK. In contrast, the luxury market ranges in price from 3 Cr. for a 2 BHK to 6 Cr. for a 4 BHK.

Payment Plan – The upright decision by Prestige Group

The payment plan for a housing project is called the payment plan. This plan outlines the scheduled payments corresponding to the stages of the apartments' construction. It provides a systematic approach to payment processing, ensuring a smooth and suitable home ownership experience for the builder and the buyer.

Prestige Falcon City Phase 2 project is at the early launch stage, so Prestige Group has yet to disclose the payment schedule. Giving attractive options will assist developers in accelerating sales. There are several payment options, including down payments and construction-linked plans, and you can pay a portion now and nothing more until you take possession. Before deciding, the builder discusses these plans with the bank. Under the customer's eligibility, the bank approves these options.

RERA provides a broad framework. It comprises the steps listed below:

• The buyer must pay 10% of the property's cost when booking a home.
• As the construction begins, the buyer must pay an additional 10% of the price.
• Upon completion up to the plinth level, 15% of the value will be paid.
• The buyer must pay 2% to 5% as every step of construction is completed.
• After plastering, painting, and plumbing, 5% will be paid.
• The remaining 5% of the price will be paid upon home possession.

Current Price on Kanakapura Road and price trends

Kanakapura Roads' neighbourhood has expanded significantly. One of the neighbourhood's advantages is its connection. From here, it's easy to travel to every part of the city. Kanakapura Road has seen a sharp increase in property demand due to the advantages of connectivity for its residents. Kanakapura Road, in the South of Bangalore, provides easy access to all parts of the city.

As more people are interested in investing and buying property on Kanakapura Road, the value of homes has increased. Prices in the area are still affordable. On average, a house in this area costs more than Rs. 7,839 per square foot. The starting price per square foot is Rs. 5,536. The most expensive is over Rs. 10,142 per square foot. The properties in this locality are experiencing an annual appreciation of around 5%.

Cost sheet – The ultimate document for customer decision

Prestige Falcon City Phase 2 cost sheet is yet to be released as it is an upcoming project by Prestige Groups. A cost sheet is a useful resource for understanding the costs of various apartment alternatives prices and additional costs, if any, which need to be known by the customers. It includes crucial information, facilitating customers' ability to make well- informed judgments.

• Build-up Area
• Carpet Area
• Agreement value
• Additional charges
• Stamp duty and registration
• Taxes
• Base price
• Total Price
• Applicable GST for the Apartment

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