Prestige Finsbury Park Faqs

Prestige Finsbury equipped clubhouse with the plethora of recreational amenities including a swimming pool, gym, health club, indoor badminton court, party halls, billiards, table tennis, board games, reading room, and provision for a crèche. There is also facilities for a convenience store, pharmacy and doctor’s clinic, a mini theatre and space for an ATM.

Yes, it is a phased development. The project is expected to be completed by the year 2023.

Yes, the price differs based on the floor. Floor rise charges are Rs. 10 per Sq.ft.

• Please identify your Apartment from available options.
• Fill in the booking application form & provide your KYC documents.
• Pay the initial booking amount of 10% by way of cheque/DD favoring “Apex realty ventures ltd Hyde / Regent” 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)
• Kindly contact your respective Sales/CRM for TDS Presentation.

On realization of the initial payment of 10% you will be required to issue post-dated cheque’s (PDCs) for the installments within 15 days against which a formal letter of allotment will be issued. Agreements will follow after completion of allotment process.

On payment of 10% of the sale value and submission of post-dated cheque’s for the remaining amount, the allotment will be confirmed.

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

Why would you want to miss out on such a strategically located and meticulously designed project? However, if you do wish to cancel after booking, 2% of the sale value will be forfeited before Agreements and 10% of the sale value will be forfeited after agreements are executed as cancellation fee and the balance will be returned (subject to statutory deductions) without interest. Cancellation will attract GST as applicable.

No, modifications will not be permitted. However each home is carefully designed keeping in mind the necessary requirement and comfort of the residents.

Legal due diligence has been done. The land is freehold, marketable and free from all encumbrances. Most importantly this is an allotment from BBMP (government of Karnataka).

The development plans have been sanctioned by BBMP.

Yes. Below are the RERA registration numbers:

• Hyde: PRM/KA/RERA/1251/472/PR/191206/003055
• Regent: PRM/KA/RERA/1251/472/PR/191206/003056

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

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.

Assignment can be done only after the Agreements have been signed, PDCs given, 5 installments paid and the new party complying with the terms and conditions of the principal agreement. Transfer fee of Rs.150/- per sq.ft and GST as applicable will be 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. Pl ease 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.

Prestige Group constantly thrives to complete and deliver the project as per the committed timelines. But due to various other factors if the construction and possession is delayed rules will be applied according to RERA policy.

BESCOM & BWSSB charges, GST, Generator charges, Khatha assessment & bifurcation charges, Registration & Stamp duty charges Sinking fund & Advance maintenance and any other statutory charges/ duties as applicable. GST will be collected along with booking amount and instalments spread till possession.

Yes we have selected Banks/HFIs who will extend loans to customers based on their eligibility criteria.

It is the purchaser’s responsibility to ensure timely disbursement of instalments from HFIs and no demand will be 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.

The maintenance will be taken care of by Prestige Property Management & Services. You can be rest assured Prestige Finsbury Park will be cared for by professionals.

We welcome your questions and queries which could be put forth through our website; they would be answered within a definitive timeline.