Prestige Kew Gardens

Prestige Kew Gardens

Kariyammana Agrahara Rd, Shan Boga Colony, Yemalur, Bellandur, Bellandur, Bengaluru , 560037. Get Directions

Project Highlights

RERA No PRM/KA/RERA/1251/446/PR/170824/000058
Development Size 15 Acres
Number of Units 970 units
Bedrooms 1, 2, 3

About Prestige Kew Gardens

FAQs

1. What happens if I cancel my booking?

Why would you want to miss out on such a strategically located and meticulously designed project? However, if you dowish to cancel after booking, 2% of the sale value will be forfeited before Agreements and 15% of the sale value will be forfeited after agreements are executed as cancellation fee and thebalance will be returned (subject to statutory deductions if any) without interest.

2. How are instalments to be paid and is it time bound?

Instalments are to be paid by way of post-dated cheques which is a pre-condition of the allotment.This schedule of payment is on a time bound basis as mentioned in the payment schedule. Incase of a home loan, these PDCs are held with us as a collateral & returned back at the time of possession.

3. Can I make 100% down payment?

Yes. This offer is applicable for a limited period only. Please check with the Sales Team for more details.

4. When do I get a confirmed allotment?

On payment of 20% of the sale value and submission of post-dated cheques for the remaining amount, the allotment will be confirmed.

5. What happens thereafter?

On realization of the initial payment of 20% you will be required to issue post-dated cheques(PDCs) for the instalments within 15days against which a formal letter of allotment will beissued. Agreements will follow after completion of allotment process.

6. How do I book my home at Prestige Kew Gardens?

  • Please identify your Apartment from available options.
  • Fill in the booking application form& provide your KYC documents.
  • Pay the initial booking amount of 20% by way ofcheque/DD favouring ‘Prestige Estates Projects Limited” together with required supporting documents.

Kindly ensure that you have deducted 1% from the booking amount as TDS before handing it over to the Sales representative. (Kindly ensure to deduct 1% TDS, whenever a payment is made towards the immovable property valued Rs. 50 Lakhs & above, and remit the balance. Also arrange to send duly signed form 16B (hard copy)

7. Is there any differential price based on the floor and orientation of the apartments?

Yes, there is a differential pricing for apartments. For every level/floor rise there is an increase of Rs.25/*- per sft. In addition to the floor rise, select apartments will also attract a preferential location charge (PLC) of Rs.75/*-. *Rates are subject to change without prior notice.

8. Is this a phased development and what are the time lines for completion?

The entire project will be ready for possession in 42 months from the date of commencement with an additional 6 months grace period.

9. Is there a club house and what are the amenities provided?

The project will have an elaborate Club house with spaces for Health club, GymnasiumSwimming pool with Kids Pool,Banquet Hall, Badminton courts, Squash Courts, Yoga/ Meditation Terrace, Billiards, Table tennis, other indoor games, Reading room,Kids play area, Mini Theatre along with a provision for Convenience Store, etc.

10. What are the different types and sizes of apartments?

Apartment Configuration:

1 BR 615sft – 634sft
2 BR 1146-1185sft
2 BR + Study 1291-1359sft
3 BR 1469-1607sft

11. Who are the Architects/Master Planners of Prestige Kew Gardens?

The International Architecture firm, R.S.P Design Consultants are the key designers for PrestigeKew Gardens.

12. What are the distinct advantages or the USPs of this project?

CONNECTIVITY

  • Its around10kms from M G Road & connectivity to Indiranagar on one side &Marathahalli-Sarjapur Outer Ring Road on other side. 
  • It is in close proximity to the major IT zones of Whitefield & Sarjapurroad. 
  • Proposed Metro Phase II has station at Kundalahalli in close proximity on the Whitefield- Kengeri route.

COMMERCIAL DEVELOPMENTS:

  • Close proximity to CBD, Indiranagar&Koramangala.
  • Tech Parks, SEZs & STPIs are also present in the vicinity (Prestige Tech Park, EGL, Cessna Business Park,etc)

EDUCATIONAL INSTITUTES

  • New Horizon Institutes, Gitanjali Olympiad school, Ryan International School, Euro Kids, MVJ International school, Sri Ravishankar Bal Mandir, Bangalore International College

HEALTHCARE

  • Manipal Hospital, Sakra Super Speciality Hospital, VIMS Super Speciality Hospital, Yashomati Hospitals, Apollo Clinic.

LEISURE AND ENTERTAINMENT

  • MarathalliShopping Centre, Play Arena, Innovative Multiplex, Total Mall, Soul Space Arena & More Megastore.

13. Where and what is Prestige Kew Gardens?

Prestige Kew Gardens is located inYemlur, behind the Old Airport Road, Bangalore. This is a premium residential development set in about 15.74acres of land. The project consists of 979 Apartments spread across 16Blocks. It is a low rise development with 2 basements+ Ground+4 floors construction.

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

Construction will commence by July 2016 tentatively and your new home will welcome you fromDec, 2019 onwards.

15. Are modifications permitted in the apartment?

The specifications and designs have been carefully worked out. Considering the number of apartmentsand the delivery date, customization will not be possible in the collective interest of the purchasers.

16. What about car parking spaces?

We can provide one car parking space for every apartment. Additional car parking request will betaken up towards project completion subject to availability.

17. Is the title of the property clear?

Legal due diligence has been done. The land is freehold, marketable and free from allencumbrances.

18. Has BDA/BBMP sanctioned the plans?

Yes, the development plans have been sanctioned by BDA.

19. What are the Agreements that need to be signed?

The Agreements that need to be signed are Agreement to Sell & Agreement to Construct, followed by a Sale Deed upon completion of the development.

20. 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 the entire saleconsideration including the additional charges. Registration will be facilitated by us through anadvocate appointed by Prestige.

21. What is the process of Assignment?

Assignment can be done only after the Agreements have been signed, PDCs given, 5instalments paidand the new partycomplying with the  terms and conditions of the principal agreement

Transfer fee of Rs.150/- per sq.ft willbe required to be paid. If you have availed a loan then you will be required to retrieve and hand over all letters and documents issued by Prestige to the bank / housing finance institution along with their NOC. Please note that transfer will be done only when you have no amount due& interest for delayed payments, if applicable, has been paid to Prestige as on the intended date of transfer.

22. What if Prestige delays the construction and possession?

Our endeavour is to complete & hand over the project as per committed time lines. However, for reasons beyond our control if the project is delayed, Prestige will pay 9%* per annum on the amount collected which will be clearly brought out in the agreements (* Conditions apply).

23. What are the additional amounts to be paid?

BESCOM & BWSSB charges, VAT, Service tax, Sinking fund, Advance maintenance charges,Generator charges, Khata assessment charges, Registration charges and any other statutory charges/ duties asapplicable. VAT & Service Tax will be collected along with Booking amount and instalments spread till possession.

24. Has Prestige Kew Gardens been approved by banks/Housing finance institutions (HFIs) for loans?

Yes we have select Banks/HFIs who will extend loans to customers based on theireligibility criteria.

25. What is my responsibility for disbursement of instalments through HFIs?

It is the purchaser’s responsibility to ensure timely disbursement of instalments from HFIs and no demand willbe made by us to the HFIs for the same. To facilitate smooth payments, customers are required to agree to a pre-determined payment schedule &issue a mandate to the HFI to disburse payments as per the schedule. This will be done via a ‘Mandatory Disbursement Form’ at the time of signing the sale agreement.

26. Who will take care of the maintenance of Prestige Kew Gardens?

The maintenance will be taken care of by Prestige Property Management & Services. You can berest assured Prestige Kew Gardenswill be cared for by professionals.

27. What is the scheme for maintenance?

The scheme for maintenance is as under:

  • A sum of Rs. 50per sft will be charged as the advance maintenance fee for the first year and will be collected at the time of closing of your account. From the second year onwards, maintenance charges will be levied as decided by the Association/Prestige Property Management & Services. All future payments are to be made favouring the property management company.
  • An additional sum of Rs. 50per sft corresponding to the super uilt area will be collected as sinking fund. This amount will be deposited in an Escrow account and the accruals will be used for major expenditure.

28. What happens if I have any more questions/clarifications?

Please email us at properties@prestigeconstructions.com or
Contact us on: Toll Free: 1800-313-0080