Prestige Tranquility - FAQ's
Where and what is Prestige Tranquility?
Prestige Tranquility is located at Budigere, off Old Madras Road, at Bangalore. It is a residential development spread over approximately 38 acres of land with 17 residential towers of 14 and 19 levels and one signature tower of 27 levels. There are 2383 apartments in all.
There is an independent clubhouse block.
What is the distance from M.G Road?
The distance is 18 Kms.
What are the different types and sizes of apartments?
There are apartments to fit every family size and every budget.
| Type | No. of Bedrooms | Area (In Sqft.) |
| Type A | 1 | 664 |
| Type B | 1 | 722 |
| Type C | 2 | 1087 |
| Type D | 2 | 1135 |
| Type D1 | 2 | 1139 |
| Type E | 2 | 1149 |
| Type E1 | 2 | 1153 |
| Type F | 2 | 1162 |
| Type G | 3 | 1632 |
| Type G1 | 3 | 1636 |
| Type H | 3 | 1820 |
| Type J | 3 | 1991 |
Is there differential pricing based on the floors or orientation of apartments?
Yes! There is a differential pricing for apartments. For every level there is an increase of Rs. 15/- per sqft. In addition to the floor premium, select apartments will also attract a premium of Rs. 75/- per sqft. Please refer to the price list for details.
Is there a club house and what are the facilities?
Prestige Tranquility will be feature rich, it would include a Health Club, Swimming Pool, Children’s Play Area, Party Halls, Tennis Courts, a Basketball Court, a Squash Court, Badminton Courts, Table Tennis, Cards Room, a Yoga Terrace & an ATM. Space will also be provided for a supermarket. All owners get free membership, however usage fee will be applicable.
How do I book my home at Prestige Tranquility?
- Identify your Apartment
- Fill the Booking Application Form
- Pay by Cheque/ DD
- The Booking Amount is:
- 1 Bedroom – Rs. 2,00,000/-
- 2 Bedroom – Rs. 3,00,000/-
- 3 Bedroom – Rs. 4,00,000/-
What happens thereafter?
You will be required to pay the balance towards 15% of the sale value and provide post dated cheques (PDCs) for the remaining amount within 15 days against which a formal letter of allotment will be issued. Agreements will follow in 30-40 days of allotment.
When do I get a confirmed allotment?
On payment of 15% of the Sale Value and submission of Post Dated Cheques (PDCs) for the remaining amount.
Can I make 100% down payment? What will be my benefit?
Yes! You can pay 97.5% of the unit value against which you can avail a discount of 10% of the unit price. The balance 2.5% will be payable on possession. This scheme is valid for payments made on or before September 15th 2011. If you are taking a loan then it will be your responsibility to ensure that the bank / housing finance institution disburses this amount to Prestige by the said date. If the payment is not made within the specified date, it will be deemed that you are opting for the installment scheme. However, you will be required to pay 15% of the sale value as stipulated to get the allotment confirmed.
How are installments to be paid and is it time bound?
Installments are to be paid by way of Post Dated Cheques (PDCs) which is a pre-condition of the allotment. The schedule of payment is mentioned in the cost sheet. The payment is on a time bound basis as mentioned in the payment schedule. If cheques are dishonored the booking stands cancelled.
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This information is conceptual and not a legal offering. The promoter reserves the right to change, alter, add or delete any of the specifications mentioned herein without prior permission or notice.
