Prestige Suncrest FAQS
Prestige Suncrest FAQ gives the buyers a complete understanding of the whole project, its location, Floor Plan, Master Plan, and all its amenities.
FAQ stands for Frequently Asked Questions, which helps buyers to know how apartments can be purchased, how the cancellation process goes, and the common questions buyers ask about Suncrest.
Prestige Group is launching its biggest gated community project, Prestige Suncrest, at Electronic City Phase 2, one of Bangalore, sought-after neighbourhoods. It is one of the biggest launches of 2024 in the Real Estate market of Bangalore. The commonly asked questions by buyers about Prestige Suncrest will help buyers clear their in investing in the property.
Here are the top FAQs about the Prestige Suncrest project by buyers or Investors at Electronic City Phase 2, Bangalore South,
1. What is Prestige Suncrest, and where is it located?
Prestige Suncrest is a luxury apartment project which is developed by Prestige Group and has 400 Vaastu based apartments. Strategically located at Electronic City Phase 2, it offers good connectivity to all city areas by Hosur Road, NICE Road, Neeladri Road, and Elevated Expressway.
2. What is the amount of the land area in Prestige Suncrest?
The project is spread over a big area of 6 Acres of land, and it comprises 400 apartments set in 2 towers with 24 floors each. A range of carefully crafted 1,2, and 3 BHK apartments are here to deliver a luxury lifestyle with good ventilation, privacy, and natural light.
3. What are the discrete advantages or the USPs of Prestige Suncrest?
Prestige Suncrest is a luxury apartment project that has 400 apartments spread over a massive area of 6 Acres.
- Electronic City Bus Stop – 6.2 km
- Bommasandra Metro Station – 3.2 km
- Heelalige Railway Station – 7.2 km
- Kempegowda Airport – 56.5 km
- C-Dot – 6.7 km
- Siemens – 7.6 km
- Infosys – 7.7 km
- Tech Mahindra – 7.5 km
- Hewlett Packard – 7.8 km
- TCS – 7.4 km
- Zia School - 8.1 km
- BVM Global School - 12.5 km
- National Public School - 4.7 km
- The Vedam School - 12.1 km
- Metro mall - 4.1 km
- Royal Meenakshi Mall - 21.7 km
- M5 Ecity Mall - 6.5 km
- Vega City Mall - 19.4 km
- Cloud nine - 8.5 km
- Motherhood Hospital - 5.8 km
- Sacred Oak Hospital – 6.8 km
- Kauvery Hospital - 8.2 km
- S R Hospitals – 4.7 km
4. What are the different kinds and sizes of houses in Prestige Suncrest?
| Unit Type | Size |
| 1 BHK | 1200 sq ft |
| 2 BHK | 1500 sq ft |
| 3 BHK | 1800 sq ft |
5. Is there any clubhouse here, and what are the amenities provided in Prestige Suncrest?
The project has a vast clubhouse of over 50,000 sq ft, which includes party halls, a Kids Pool, changing rooms, a Saloon, Billiards, a Swimming Pool, a Banquet Hall, a Conference Room, an Indoor Games Room, a Gym, a Squash, Indoor Badminton Court, card games room, and a Spa.
6. Is this project a phased development, and what are the timelines set for completion?
Prestige Suncrest is a single-phase project, and it is scheduled for completion by 31st Dec 2028.
7. How can I book my flat at Prestige Suncrest?
- Please find your desired apartment from available options (1,2 and 3 BHK) by visiting the sales office directly in person.
- Fill out the booking form and submit all KYC documents (PAN card, Aadhar card, and photos).
- Pay the booking amount (10% of the total amount) by cheque or by DD favoring ‘Prestige Group,’ together with all the needed supporting documents.
8. When do I get a confirmed allotment of flats in Prestige Suncrest?
On the payment of 10% of the total amount and after the submission of all the KYC documents, the allotment of flats is confirmed here.
9. How many installments are there for flats in Prestige Suncrest, and is it time-bound?
Installments have to be paid by cheques that are post-dated, which is the first condition of allotment. The payment is time-bound, as it is given in the schedule. If there is any loan procedure, these PDCs are kept as collateral, and they are given back to buyers at the possession time.
10. What will happen if I cancel the booking of a house in Prestige Suncrest?
Why miss a house in a project that is precisely built in a prime location near major IT hubs? But, if you wish to cancel any house here after booking, 2% of the sale value is forfeited before the Agreement. 10% of the sale value is forfeited after the Agreement as a cancellation amount. The balance amount is given back to buyers without any interest.
Cancellation will include GST charges as applicable. 5% GST, which is paid in small installments, and will not be refunded.
11. Are any alterations allowed in the flats of this project?
The Prestige Suncrest project is planned with a special theme, and all flats’ finishes are carefully chosen. Considering the theme of the project, we are not able to allow any modifications.
12. Is the title of Prestige Suncrest clear?
Legal due diligence is done for Prestige Suncrest. The land is freehold and is free from any encumbrances. Also, it is approved by the Government of Karnataka.
13. Has RERA approved Prestige Suncrest?
The project has been applied for and is now waiting for approval, and it will be soon got in Dec 2024.
14. What are the documents that have to be signed in Prestige Suncrest?
The Documents that have to be signed in Prestige Suncrest are the Agreement to Sell and Sale Deed on the finish of the project.
15. What is the process of registration of apartments in this project and when will the registration of houses take place?
Registration of the sale deed is done only after the finish of the project and after the payment of wholesale consideration.
16. Have any banks approved the Prestige Suncrest project, and are there any Housing finance institutions are there to give loans?
Yes, the builder has cautiously selected all Banks and HFIs that will give loans to buyers to buy houses in the project.
17. What is the procedure for Assignment in Prestige Suncrest?
The assignment is done after Agreements are signed, PDCs, 4 installments are paid, and the party fulfills the conditions of the Principal Agreement. A transfer fee of about Rs.500/- per sq. ft and GST charges are levied. If buyers apply for loans, then they will be handed over to the bank or HFIs with the closing letter of the loans.
18. Who is the owner of Prestige Group?
Irfan Razack is Chairman of the Prestige Group, which is a well reputed real estate developer in India.
19. What if Prestige Group delays the building process and changes the possession date of this project?
The builder will hand over the project to the buyers on the given timelines on 31st Dec 2028. But for any reason that delays this project, Prestige Group will pay for compensation set by the Government of Karnataka based on RERA rules.
20. What are the extra amounts that have to be paid in Prestige Suncrest?
- Registration Charges
- GST
- Generator charges
- Advance Maintenance
- BWSSB charges
- Sinking fund
- Stamp Duty Charges, and
- Statutory charges, as applicable
21. What is the system for maintenance in Prestige Suncrest?
The system for maintenance is about Rs. 60/- per sq ft., which is collected as an advance fee for the 1st year. It is collected by the time of closing of accounts. From the next year, the charges will be levied on a quarterly basis, and it is also payable as an advance amount.
A sum of Rs. 200/- per sq. ft. is used as a Sinking Fund for the super built-up area of houses, and it is deposited in a separate Escrow Account. The remaining amount is used for other major expenses.
22. Will there be any validity to the price list in Prestige Suncrest?
The prices will change from time to time, which is subject to the choice of Prestige Group.
23. What is the buyer's duty for the payment of installments through Banks?
The buyer must make sure that timely payment is there from the banks. To enable easy payments, buyers should approve a payment schedule and give a mandate to pay all the payments as per schedule to their bank. It is done through the ‘Mandatory Disbursement Form’ during the signing of the Sale Agreement.
24. Who will take care of the maintenance process of Prestige Suncrest?
A maintenance team is there that will be taken care of by Prestige Group. You can rest assured that the Prestige Suncrest project will be cared for by specialists.
25. Am I allowed to shift my booking of units to other towers in Prestige Suncrest?
No, it is allowed to shift the booking of flats either to a different apartment or to any other project by Prestige Group.
26. What is the source of groundwater in Prestige Suncrest?
Water is obtained through BWSSB supply and from groundwater. Rain Water Harvest units, Water Treatment Plants, and other latest ways are there to save water.
27. What happens if I have any questions about Prestige Suncrest?
Please get in contact with us at 18003130080
Prestige Estates Projects Ltd,
Prestige Falcon Towers,
19, Brunton Rd,
Bengaluru,
Karnataka 560025
E-mail: properties@prestigeconstructions.com
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