The Prestige City Hyderabad FAQS
The Prestige City Hyderabad is a splendid housing town featuring luxury abodes in prime locales of Rajendra Nagar in Hyderabad. The premise is over a massive 31 acres, hosting 4,647 luxury apartments and 119 premium Villas.
The Prestige City Hyderabad FAQS answers typical questions users frequently ask regarding The Prestige City Hyderabad Apartments and Villas located at Rajendra Nagar as the project is vast and includes many doubts like Location Map and surroundings, Master Plan, Floor Plan, Amenities, Price, Cost Sheet, Payment Schedule and how-to content Prestige and go with booking. All your questions will be answered, which will help you understand better.
Hyderabad is one of the highest-income cities in India. The lively nightlife, the choices for entertainment, popular tourist spots on the outskirts, and a luxurious lifestyle make it one of the top popular cities in the country. It is best for investment as the area is developing fast, and it will give good returns.
The buyers of apartments in The Prestige City Hyderabad have some of the important questions so that they can know more about the project. Frequently Asked Questions About The Prestige City Hyderabad are
The Prestige City Hyderabad is the biggest integrated township of Hyderabad. It has villas, malls, and flats developed by The Prestige Group and the Vaishnoi Group. The project is at Rajendra Nagar on the Bangalore highway. It offers a good transport network by PVNR express highway.
A corpus fund is the money collected to pay for the maintenance of the facilities in the project. It covers amenities, light bills, servicing, cleaning, etc. The interest generated on these funds can be used for the purposes, and it is calculated per square foot.The project is over an area of 31 acres, and it has 13 towers with 3 basements and 2 clubhouses.
The Prestige City apartment is a lakefront project that is over 31 acres. The project is next to the Mulagund lake, in a green area. It includes Acharya NG Ranga Agriculture University with gardens that add up to 2000+ acres of green area. The Prestige City Hyderabad offers Vaastu-based homes of 2, 2.5 BHK, 3, and 4 BHK apartments with separate maid quarters. All the flats have better privacy and have good ventilation.
The distance from key locations are
- Outer Ring Road – 5 minutes’ drive
- Rajiv Gandhi Airport – 15 minutes’ drive
- Banjara Hills – 30-minute drive
- Mehdipatnam – 15 minutes’ drive
- CBD Area – 35 minutes’ drive
Some schools near the project include
- Aga Khan Academy
- Edify World School
- NIRD Bharthi Vidya Bhavan Vidyashram
- Rockwell International School
- Glendale Academy
- Delhi School of Excellence
Some hospitals near the project include
- Mythri Hospital
- Zoi hospital
- Apollo hospitals
- Germanten hospital.
Some shopping and entertainment areas near the project include Mantra Mall, Prestige Forum Mall, Asian Cinemas, Zoo Park, and GMR Aero Plaza.
Architect Hafeez Contractors are the architects of the project.
| BHK | Areas in sq ft | Number of units |
|---|---|---|
| 1 BHK | 754 | 6 |
| 1 BHK | 752 | 3 |
| 1 BHK Plus | 1184 | 3 |
| 1 BHK Plus | 1187 | 3 |
| 2 BHK Smart | 1179 | 126 |
| 2 BHK | 1728 | 6 |
| 2 BHK Plus | 1534 | 162 |
| 2 BHK Plus | 1548 | 204 |
| 3 BHK Smart | 1631 | 372 |
| 3 BHK Smart | 1687 | 525 |
| 3 BHK Smart | 1687 | 417 |
| 3 BHK Prima | 2168 | 126 |
| 3 BHK Prima | 2169 | 123 |
| 3 BHK Prima | 2181 | 84 |
| 3 BHK Prima | 2144 | 84 |
| 3 BHK Prima | 2238 | 168 |
| 3 BHK Prima | 2245 | 42 |
| 3 BHK Prima | 1898 | 330 |
| 3 BHK Prima | 2049 | 252 |
| 3 BHK Prima | 2034 | 126 |
| 3 BHK Prima | 2047 | 84 |
| 3 BHK Prima | 2136 | 165 |
| 3 BHK Prima | 2433 | 420 |
| 3 BHK Prima | 2433 | 324 |
| 4 BHK | 3348 | 42 |
| 4 BHK | 3381 | 39 |
| 4 BHK | 3357 | 168 |
| 4 BHK | 3355 | 81 |
| 4 BHK | 3431 | 162 |
| Total | 4647 |
The project has 2 fully equipped clubhouses with a swimming pool, a kid's pool, gym, spa, clinic, saloon, café, food court, theatre, indoor games room, and many other modern amenities.
The project is a single-phase development, and it will be completed by December 2027 with a grace period of 6 months.
- You can choose the unit from the available options by visiting the office in person.
- Fill out the booking form and provide the KYC documents
- Pay the booking amount of 10 percent in the cheque or DD favoring “Prestige Vaishnaoi Projects” with all the supporting documents.
After the payment of 10 percent of the sales value and after the submission of all the KYC documents, the allotment of units will be confirmed.
The installments are paid through a post-dated cheque, which is a precondition of the allotment. The payment schedule is time-bound as it is in the payment schedule. If there is a home loan, these PDCs are with us as collateral, and they will be returned at the time of possession of the property.
If you wish to cancel the booking, 2 % of the sales value will be forfeited before the agreement. Ten percent of the sales value will be forfeited after agreements are executed as a cancellation fee, and balance will be returned without interest. The cancellation will have GST as applicable. 5 % of GST paid on installments will not be refunded.
All the specifications and designs are carefully laid out. As shear wall technology is adopted, no modifications are permitted.
Legal due diligence is done. The land is freehold, and it is free from all encumbrances, and it is approved under GHMA.
The development and the plans are sanctioned by GHMC.
The project has received approval, and the RERA number is PO2400007209.
The documents that need to be signed are the agreement followed by a sale deed upon the full completion of development.
The registration will be done after the completion of development and on the payment of sale consideration, including the extra charges.
Yes, there are selected banks that will give loans to buyers based on their eligibility.
The assignment is subject to the discretion of Prestige, and it can be done after agreements are signed, PDCs are given, 5 installments are paid, and the new party agrees with the terms and conditions of the agreement. A transfer fee of Rs. 200 for a sq ft with GST is applicable. If you have applied for a loan, you will retrieve and hand over the letters and documents issued to the bank with the closing letter. Also, the transfer will be done when there are no dues.
The builder will complete and hand over the project in committed timelines. But if it is delayed, the builder will pay compensation as per RERA guidelines.
HMWSSB/TRANSC charges, GST, registration charges, stamp duty charges, generator charges, sinking fund and advance maintenance, and any other charges as applicable. GST will be collected with the booking amount, and the installments will spread till possession.
It is the buyer's role to ensure timely disbursements of installments, and no demand will be made. For smooth payments, buyers must agree on a predetermined payment schedule and issue a mandate to the HFI/bank to disburse payments. It will be done through a “Mandatory Disbursement Form” at the time of the signing of the sale agreement.
It will be taken care of by Prestige Property Management and Services.
No, you are not allowed to change the booking to any different block or any other project.
A sum of Rs. 60 per sq ft is charged as an advanced fee for the first year, and it will be collected at the time of the accounts' close. From the second year, it will be every quarter, payable in advance. All payments are made in favor of the property management company. An extra Rs 50 per sq ft for a super built-up area is collected as the sinking fund. It will be deposited in Escrow account, and it will be used for any major expense.
These pieces will be charged from time to time, and they are subject to the discretion of Prestige Vaishnaoi projects.
Water is obtained through groundwater and HMWSSB supply. Water recycling and rainwater harvesting for optimum use of water is planned.
All these questions are asked frequently, and these answers will clear the doubts of all buyers. Investing in The Prestige City Hyderabad ensures future returns and a world of luxury. With its location, top amenities, and developer with matchless record, the project will meet your aspirations, and it also promises excellent appreciation.
