FAQ’s about Prestige Song of the South
Description and Exact location of Prestige Song of the South ?
Prestige Song of the South is a Residential Development spread across 33 acres land area with 2234 Apartments with class amenities within them, located in Begur off Bannerghatta Road, Bengaluru, Proximate to the nice ring road.
What are the Key Distances around the locations?
MG Road: 16.3 Kms
Royal Meenakshi Mall, Temple: 3.3 Kms
PESIT south Campus: 8km
Electronic city: 7km
JP nagar, BTM: 8KM
Key Persons Involved in the Architecture and Design of the Master Plan?
R.S.P Architects, The International Architecture firm , is the master mind behind this unique design.
Commence date and Expected date of completion?
The Construction would follow launch of project which is in August 2015, and will be all set to welcome you by Mid of 2019.
Different Configuration available along with their Size?
- 1 BR 644 sft
- 2 BR 1197-1241 sft
- 2 BR + Study 1358-1376 sft
- 3 BR 1583-1634 sft
- 3 BR + Maid’s room 1902-1933 sft
- 4 BR 2462-2467 sft
What are the Facilities available in the Prestige Song of The South?
Prestige Song of The South will have a wide clubhouse spread across two floors which includes a Library,Creche,Mini Theatre,Health Club,Banquet Hall,Gym, Couple of Badminton and Squash Courts,Snooker,Table Tennis,Kid’s play area ,other indoor games and provision reserved for a Convenience Store.
Tennis Court,Swimming Pool, with a provision made for children within it, Outdoor Party area would be part of external amenities within the campus.
What about the Construction Phase and Time line of Completion?
Entire Project will be completed in Two phases, which will be ready to occupy around the mid-2019.
Any difference in the price based on the floor and orientation of apartment?
Yes, there is price difference for apartment.Upon the basic price there is an increase of Rs 15/- per sft for every level/floor rise.In addition to floor rise there will be preferential location charge (PLC) of Rs.75/- and Rs.100/- per sft.
What is the Procedure to Book a unit at Prestige Song of the South?
Identify your choice of Apartment Unit from the available options.
Fill the Booking Application along with required documents listed in our Website, Originals should be produced during the verification.
Booking amount can be cleared through Cheque/DD favoring “Prestige Estates Projects Limited”,Balance 20% of the sale value to be paid by Post Dated Cheque (PDC) dated 30 days from the date of booking.
What Happens There After?
You need to submit Post Dated Cheques (PDCs) towards the remaining Installments with in 15 days against which u will receive a Letter of allotment followed by the Agreements after completion of allotment process.
When do I get Confirmation about an Allotment?
After payment made towards the booking amount along with the additional 20% of sale value has been done followed by Post Dated Cheques for remaining amount would confirm your Allotment.
Can I make a 100% Down payment ?
Yes, But this would be in process for a limited period, for further details you could inquire our sales Department.
Mode of Payments for Installments and its Time bound?
Installments should be made from post dated cheques as described early and its time bound would be mentioned in the payment schedule.
What happens if I cancel my Booking?
1% of the sale value will be forfeited before Agreements and 15% of the Sale value will be forfeited after Agreements as cancellation fee and balance would be returned.
What about Car Parking Space?
Every resident is allowed with a Parking space for a car .However additional parking would come at addition in cost prevailing if space available after construction.
Modification within the units are permitted?
Every Individual units has given equal preference with the custom designed interiors and best quality utilities installed which would please any one with its variety don’t need any modification .
Any issues with the Title of the project ?
NO, legal due diligence has been done by M/S Kusuma Advocates. The land is freehold,marketable and free from all encumbrances.
What about the Approvals?
Yes, the project has been approved by BDA along with the environmental clearance ,awaiting for approvals of BBMP.
What are the Agreements that needed to be signed?
Agreement of Sell, Agreement to Construct, followed by Sale deed at possession.
What is 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 ill be required to be paid .If yous 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/housign finance institution along with their NOC.
Details about the compensation if any delays in construction and possession?
Prestige will pay 8% per annum on the collected amount which will be clearly brought out in the agreements(* Conditions apply).
Any Addition Amounts?
BESCOM & BWSSB charges, Maintenance Charge, Power Backup charges, Registration charges, Khata Assessment Charges, VAT, Service Tax etc…. should be paid as per the guidelines provided during possession.
What about Maintenance of the Property ?
The property would be maintained by Prestige Management and services on behalf there would be some charges made towards it.
Has Prestige Song of the South been approved by banks/housing finance institutions(HFIs) for loan?
Yes, we will be seeking approvals from all leading Banks/HFIs who will extend loans to customers based on their eligibility criteria.
What is my responsibility for disbursement of the installments through HFIs?
It is the responsibility of the individual Customer to ensure timely disbursement of installments from HFIs and no demand will be made for our side .To facilitate smooth payments,customers are required to issue a consent letter.Post dated cheques(PDCs) handed over for the installments will be returned on receipt of the payment from the HFI.
What is the Scheme for maintenance?
The scheme of maintenance is as follows.
A sum of Rs.50 per sft will be charged as the advance maintenance fee for the first year and will be collected at the time of your account.From the second year onwards, maintenance charges will be levied as decided by the Association/Prestige Property Management & Services.All future are to be made favoring the property management company.
An additional sum of Rs. 50 per sft 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.
What happens if i have any more questions/clarifications?
For further clarification you are always welcome to quote your doubts and concerns about the project through our website which would be sorted down the timeline.
Call us on: +91 8884747474
Visit: http://www.prestigesongofsouth.com/ to post your queries.