Prestige Park Square – Price & Reviews – 2/3 BHK Apartments

LAST UPDATED: January 3, 2020
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Last Updated: January 3, 2020

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Prestige Group presents, Prestige Park Square (RERA No: PRM/KA/RERA/1251/310/PR/180313/002634) which brings to you luxurious yet affordable apartment complex, thoughtfully built to make your life beautiful and exclusive. A home steeped in comfort. Prestige Park Square is exquisitely designed and brings to you 586 active apartments amidst blissful greenery. Each Apartment has 2, 3, 3.5 bedroom located Bannerghatta Main Rd, Shivanna layout in South Bengaluru. A rare combination of lush greenery sprawled in 8 Acres, good social infrastructure and easy access makes Prestige Park Square truly unique. So, indulge yourself in the comforts of modern contemporary living, experience elegance with the modern day refinements, own the quality provided only by the nation’s leading luxury home builder and enjoy a cutting-edge cosmopolitan neighbourhood.

Story Of Prestige Park Square

Nestled in South Bangalore amongst the lush green forests, Prestige Park Square will be the best modern day’s developments to live in. Construction has been completed with Occupancy Certificate; these apartments/villas are blessed with luxury, class, superior designs with a clubhouse that offers ample avenues to make your leisure hours well-spent, including badminton and squash courts, indoor games, table tennis, billiards and a health club. Ideally located close to Nice Road to be easily accessible via roads and with necessary social conveniences close at hand, Prestige Park Square is ready to grace you with the ownership of your dream house.

The size of the Apartment ranges in between 1115 Sq. mt. and 1855 Sq. mt. adequately spacious for an ideal comfortable lifestyle.

Locality And Connectivity

Bannerghatta road is a long stretch from Bengaluru Dairy circle to Bannerghatta village circle. It is stretched about 15 kilometres. Even Anekal to Bannerghatta stretch road is also called Bannerghatta road. Real estate is booming rapidly majorly from BTM to Gottigere. Bannerghatta Road has been the IT Corridor and the fast-paced developing part of Bangalore. Experience the good old Bangalore, with the luxuries of new Bangalore here! Come experience the lush greens of the Garden city right in the heart of the city! Bannerghatta Road is a prime locality and well-connected with the other parts of the city. It is well-connected by trains, buses and public transports. Transport facility is also good in this locality. School, bank, ATM and hospital are available nearby the locality. Nice Ring Road and Bannerghatta Road connect every corner of city. Metro line is also connecting important places of city. Thus, the developer has provided for the best place for the investment to Prestige Park Square luxurious apartments in Bangalore.

Nearby Localities –

JP Nagar,
Jayanagar,
Electronic city and Nice road

Nearby Shopping Complexes

Wega city mall,
The Royal Meenakshi mall,
Gopalan Innovation Mall etc.

Nearby Educational Institutions

Sherwood High School,
Greenwood High International School,
Christ Academy,
Candor International School,
Chrysalis High School,
Ryan International School
T John College etc are in the radius.

Advantages Of The Localit

Status symbol for many to make house in South Bengaluru
Easy access to Electronic City and Whitefield
All major real estate companies have their projects in BG Road
Good roads
Well-planned area
Houses IIM- Bangalore
Safe and peaceful

Unit Details and Price

Unit Type	Size (Sqft.)	Price
2 BHK	1115	60.77 Lacs
2 BHK	1130	61.59 Lacs
3 BHK + Small	1385	75.48 Lacs
3 BHK + Small + Terrace	1400	76.30 Lacs
3 BHK	1596	86.98 Lacs
3 BHK	1600	87.20 Lacs
3 BHK + Maid’s	1771	96.52 Lacs
3 BHK + Maid’s + Terrace	1855	101.10 Lacs

Key Info:

Booking amount – 25%
Terrace area – 84 sq. ft.
Additional charges to be levied on PowerBackup , Electricity, Water, Advance Maintenance, Corpus and Car Parking Charges
Prestige Park Square Tower 1 front facing flats Price is as follows –
From Floor 3 to 9 and floor 21 to 27 – Selling Price is Rs. 5250 per sq.ft,
Floor 16 to 20 the basic cost price is Rs. 5550 per sq.ft
Floor 10 to 15 the rate is Rs. 5650 per sq.ft.

Prestige Park Square Unit Area And Floor Plan

Prestige Park Square External Amenities:

Amphitheatre
Badminton Court
Children’s Play Area
Cricket Pitch
Gymnasium
Health Club
Indoor Games
Kids Pool
Mini Theatre
Party Hall
Swimming Pool
Tennis Court

Prestige Park Square Internal Amenities

1. Structure

RCC-Framed structure
Cement blocks for all walls wherever applicable

2. Flooring

Vitrified Tiles in the Foyer, Living, Dining, Corridors and all Bedrooms
Anti-skid Ceramic Tiles in Balconies

3. Doors

Main Door – 8 Feet High Opening with Pre-Moulded Flush Shutter and Frame in Wood and Polish on Both Sides
Internal Doors – 7 Feet High Opening with Wooden Frames and Flush Shutters
External Doors – UPVC Frames and Sliding Shutters

4. Plumbing and Sanitary

All Toilets will have EWCs and Chrome-Plated Fittings
Chrome-Plated Tap with Shower Mixer
Granite Counter with Ceramic Wash Basin in the Master Toilet and Pedestal Wash Basins in Other Toilets

5. Security

Suitable Size and Capacity Passenger and Service Lifts in Every Block
Round the clock security with intercom facility
CCTV Camera at all vantage points.

6. Electrical

Grid Power from BESCOM for each home
Premium Modular switches
Concealed Wiring with PVC Insulated Copper Wires and Modular Switches
100% Power backup for elevators, common areas and pumps

Prestige Park Square – Master Plan

Prestige Park Square – Location Map

Prestige Park Square Address & Google Map

Address: 405, Bannerghatta Main Rd, Shivanna Layout, Gundappa Layout, Gottigere

City: Bengaluru, Karnataka

Pincode: 560083

Email : [email protected]

Prestige Park Square Apartment Video

Prestige Park Square FAQs:

1. How much is the actual area of Prestige Park Square?

The area of the project is 8 Acres.

2. When is the expected completion date of Prestige Park Square?

Your new home will welcome you from mid-2019 onwards.

3. Is there any differential in pricing based on floors or orientation of apartments?

Yes! There is a differential pricing applicable based on floors and apartment orientation/facing. Please get in touch with our Sales Team for more details.

4. How many units are there in Prestige Park Square?

There are 136 active units available in the project.

5. Does Prestige Park Square have badminton court?

The project does have a well- maintained, nicely done badminton court.

6. How can I check the BBMP/BDA approval of Prestige Park Square?

Yes, the development plans have been sanctioned by BDA. Environmental clearance has been obtained and BBMP approval has been applied for.

7. Is title of the property clear?

The land is freehold, marketable and free from all encumbrances.

8. What is the scope of maintenance?

A sum of INR 50/- per sq. ft. 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 and Services. All future payments are to be made favouring the property management company. • An additional sum of INR 50/- per sq. ft. corresponding to the super built 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.

9. Who will be responsible for the maintenance?

The maintenance will be taken care of by Prestige Property Management and Services.

10. What happens in case Prestige Group delays the construction?

Prestige will pay 8%* per annum on the amount collected, which will be clearly brought out in the agreements in case there is delay due to any reasons beyond control.

11. What is the process of Assignment?

Assignment can be done only after the Agreements have been signed, PDCs given and the new party complying with the terms and conditions of the principal agreement. Transfer fee as applicable will be required to be paid. If you have availed a loan then you have to also retrieve and hand over to Prestige all letters and documents issued by Prestige to the bank / housing finance institution. Requests for assignments will be accepted only after 20% of the sale value and 3 instalment payments are paid as per the payment schedule.

12. What is the process of Registration and what does registration take place?

Registration will be done only on completion of the development and on payment of the entire sale consideration including the additional charges. Registration will be facilitated by us through an advocate appointed by Prestige.

13. What all agreements are required to be signed?

Following agreements need to be signed are: • Agreement to Sell • Agreement to Construct • Sale Deed is executed later.

14. Has BDA/BBMP approved the plans?

BBMP remains to approve the plan. Rest others have issued the NOC.

15. What is the process of paying the instalments?

Instalments are to be paid by way of post-dated cheques. Yes, allotment on payment is on time bound basis. Though, schedule of payment is not linked to the progress of the construction.

16. Has Prestige Song of South been approved by banks/Housing finance Institutions (HFIs) for loans?

Yes. We will be seeking approvals from all the Leading Banks/HFIs who will extend loans to customers based on their eligibility criteria.

17. When does one gets complete allotment of the booked property?

Once you have made 20% payment of sale value and submission of post-dated cheques for the remaining amount, the allotment will be deemed completed.

18. What is the process of Assignment?

Assignment can be done only after the Agreements have been signed, PDCs given, 3 instalments paid and is subject to the new party complying with the terms and conditions of the principal agreement • Transfer fee as applicable will be required to be paid. If you have availed of 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

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

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

20. What are the additional amounts that need to be paid?

BESCOM and BWSSB Charges, VAT, Service Tax, Sinking Fund, Advance Maintenance Charges, Generator Charges, Khata Assessment Charges, Registration Charges and any other Statutory Charges and Duties as applicable. VAT and Service Tax will be collected periodically for the amounts paid.

21. How to go about paying instalments? Are they 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.