Prestige Primrose Hills Faqs

Prestige Primrose Hills FAQ's

Prestige Primrose Hills is a premium residential development set over 15 Acres 93 Guntas of land, project consists of 1680 apartments spread across 15 towers having Basement’s + stilt+14 upper floors.

  • Strategically located with just 1.4 km away from nearest metro station (Anjanapura Station), within BDA & BBMP limits.
  • Excellent connectivity to Electronic City and Mysore road via NICE road.
  • Surrounded by renowned International schools and colleges.
  • Efficiently designed 1 & 2 bed room apartments.
  • Spacious club house with all luxury amenities.

The Architecture firm, Venkatramanan Associates are the key designers for Prestige Primrose Hills.

Unit Type Saleable Area Carpet Area
1 BHK 572-589 Sq Ft 384 – 393
2 BHK 867 - 985 Sq Ft 605 – 642

The development is complimented by a fully equipped club house which includes a swimming pool, indoor and outdoor gym, health club, and indoor badminton court, table tennis, multipurpose hall,provision for crèche & convenience store with outdoor tennis court, basketball court, cricket practice net, open air theatre, mini football field, kids play area, pet park and senior citizens seating court.

Project will be completed and delivered in two phases.

  • Phase 1 will be ready for possession on or before May 2024.
  • Phase 2 will be ready for possession on or before September 2024.
  • 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/Credit/Debit Card favouring “PRESTIGE ESTATES PROJECTS LIMITED A/C PRESTIGE PRIMROSE HILLS” together with required supporting documents.
  • You can also book and pay online through our website www.prestigeprimerosehills.ind.in
  • Kindly ensure that you have deducted 0.75% from the booking amount as TDS before handing it over to the sales representative. (Kindly ensure to deduct 0.75% 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 cheques (PDCs) for the instalments 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 cheques for the remaining amount, the allotment will be confirmed.

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. In case of a home loan, these PDCs are held with us as a collateral.

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 agreement is generated and 10% of the sale value will be forfeited after agreements are generated as cancellation fee and the balance will be returned (subject to statutory deductions) without interest. Cancellation will attract GST as applicable.

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

Legal due diligence has been done. The land is freehold, marketable and free from all encumbrances. Most importantly the project is RERA approved with all sanctions & approvals.

The development plans have been sanctioned by BBMP.

  • Phase 1: PRM/KA/RERA/1251/310/PR/200618/003453
  • Phase 2: PRM/KA/RERA/1251/310/PR/200618/003455

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 instalments paid and the new party complying with the terms and conditions of the principal agreement. Transfer fee of Rs.150/sft 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. 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.

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 compensation* per annum on the amount collected which will be clearly brought out in the agreements (* Conditions apply).

BESCOM & BWSSB charges, GST, generator charges, khata assessment & bifurcation charges, Registration charges, sinking fund, Advance maintenance charges 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 Primrose Hills will be cared for by professionals.

The scheme for maintenance is as under:

  • A sum of Rs. 60/sft will be charged as the advance maintenance fee for one year from the intimation of possession 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.60/sft corresponding to the super built area will be collected as sinking fund. This amount will be deposited in a separate account and the accruals will be used for major expenditure

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