The Prestige Falcon City Luxe Payment Plan is a simple way to pay for your home in parts rather than all at once. To start, you pay 10% to book your flat and another 10% during the allotment phase. The next 75% is split into 24 small payments over four years, with the final 5% due when you get your keys. This plan makes it much easier for families to afford a luxury home in the 41-acre Konanakunte project without feeling financial pressure.
The payment plan is designed to match the building's growth. As the towers get taller, the next set of payments becomes due. This "construction-linked" system is very safe for buyers. Below is a simple look at how the payments are usually split.
| Payment Stage | Percentage of Total Cost | When to Pay |
|---|---|---|
| Booking Amount | 10% | At the time of booking |
| Allotment | 10% | Within 30 days of booking |
| Installments | ~75% | Split into 24 parts over 4 years |
| Possession | 5% | When you get the keys |
Starting your journey at Prestige Falcon City Luxe begins with a small booking fee. This amount holds your specific flat on the floor you choose. Within a month, you pay the allotment amount to finalize the paperwork. These early steps are important to lock in the pre-launch price before the rates go up.
One of the best parts of this plan is the 24 installments. Instead of large, scary amounts, the builder collects a small percentage (about 3.25% plus GST) every few months. This happens for about 4 years as the 5 high-rise towers are being built. It helps you keep your monthly budget stable while your home is under construction.
The last part of the payment is made only when the building is finished and ready for you to move in. At this stage, you pay the final balance and the registration fees. Because the project is already linked with top banks, you can easily shift from installments to a monthly EMI (Equated Monthly Installment) once you take over the flat.
Yes, most of the payments are made in small parts as the building work moves forward.
There are usually 24 installments spread over a 4-year period.
Yes, as per government rules, GST is added to every payment you make toward the flat.
Builders often give special "down payment" discounts if you choose to pay a large part early. You can check with the sales team for current offers.
Delayed payments usually attract a small interest charge, so it is best to keep your funds ready as per the schedule.
Yes, the initial booking fee is deducted from your first 10% payment.
All costs like car parking, clubhouse fees, and taxes are clearly listed in the cost sheet provided during booking.
Yes, banks will disburse the loan amount directly to the builder based on the payment stages.
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