Prestige Pallava Gardens FAQ gives the buyers a complete understanding of the whole project, the Master Plan, location, Floor Plan, and all its amenities.
FAQs are the Frequently Asked Questions that help buyers to know how flats can be bought, what discounts are available, and the other common questions buyers ask about Pallava Gardens.
Prestige Group is launching its new biggest gated community project, Prestige Pallava Gardens, at Pallavaram, one of Chennai’s sought-after neighborhoods. It is one of the biggest launches of 2025 in the Real Estate market of Chennai. The commonly asked questions and doubts by buyers about Prestige Pallava Gardens will clear their queries when investing in the property.
Here are the top FAQs about the Prestige Pallava Gardens project by buyers at Pallavaram, Chennai South,
Prestige Pallava Gardens is an ultra-luxury apartment project developed by Prestige Group, and it has 2800 Vaastu-based apartments. Strategically located at Pallavaram, it offers good connectivity to all city areas by OMR, SH 109, ECR, and GST Road.
The project is over 50 Acres of land, and it comprises 2800 apartments set in 21 towers with 19 floors each. A range of carefully crafted 1,2, 3, and 4 BHK apartments are here to deliver the best luxury lifestyle with good privacy, ventilation, and natural light.
Prestige Pallava Gardens is an ultra-luxury apartment project that has 2800 apartments spread over a massive area of 50 Acres.
Unit Type | Size |
1 BHK | 650 sq. ft to 950 sq. ft. |
2 BHK | 1001 sq. ft to 1400 sq. ft. |
3 BHK | 1500 sq. ft to 2100 sq. ft. |
4 BHK | 2500 sq. ft and 2900 sq. ft. |
The project has a massive clubhouse of over 50,000 sq ft, which includes changing rooms, a Saloon, Billiards, a Swimming Pool, party halls, a Kids Pool, a Banquet Hall, a Conference Room, a Squash, Indoor Badminton Court, card games room, an Indoor Games Room, a gym, and a Spa.
Prestige Pallava Gardens is a two-phase project, and the first phase is scheduled for completion by the end of 2028.
After the payment of 10% of the total amount, submit all the KYC documents. Then, the allotment of flats is confirmed in this project.
Installments must be paid by cheques that are post-dated, and it is the first condition of allotment. The payment is always time-bound, and it is given in the schedule. If there is a loan, the PDCs are kept collateral, and given to buyers at the possession time.
Why miss a flat in a project that is built in a prime location in Chennai near major IT hubs? But, if you wish to cancel any flat after booking, 2% of the sale value is forfeited before the Agreement process. 10% of the sale value is forfeited after the Agreement process as a cancellation amount. The balance amount is then given back to buyers without any interest.
Cancellation will also include GST charges as applicable. 5% of GST that is paid in small installments will not be refunded.
The Prestige Pallava Gardens project is planned with a distinct theme, and all flats’ finishes are cautiously chosen. Considering the theme of this project, it is not possible to allow any modifications.
Legal due diligence is done for Prestige Pallava Gardens. The land is now freehold and is free from all encumbrances. Also, it is approved by the Government of Tamilnadu.
The project has applied for RERA and is now waiting for all needed approval, and it will be soon in 2025.
The documents that must be signed in Prestige Pallava Gardens are the Sale Deed and Agreement to Sell on the finish of the project.
Registration of the sale deed is done after the finish of the full project and after the full payment of wholesale consideration.
Yes, the builder has thoughtfully selected all Banks and HFIs that will give loans to all buyers to buy flats in the project.
The assignment of flats is done after the Agreements are signed, PDCs, four installments are paid, and after the party fulfills the conditions of the Principal Agreement. A transfer fee of Rs.500/- per sq. ft and the GST charges are charged. If buyers apply for loans in banks, then they will be handed over to the bank with the closing letter of the loans.
Irfan Razack is the Chairman of the Prestige Group, which is a reputed real estate developer in India.
The builder will hand over the project on the given timelines to the buyers by the end of 2028. For any reason, if they delay this project, Prestige Group will pay the compensation charges set by the Government of Tamilnadu based on RERA rules.
The system for maintenance is about Rs. 60/- per sq ft., which is got as an advance fee for the first year. It is got by the time of closing of accounts. From the following year, the charges will be imposed on a quarterly basis, and it is payable as an advance amount.
A sum of Rs. 250/- per sq. ft. is used as a Sinking Fund for the super built-up area of flats, and it is deposited in a separate Escrow Account. The outstanding amount is used for other expenses.
The prices of flats will change from time to time, which is subject to the choice of the Prestige Group.
The buyer must make sure that apt payment must be made from the banks. To allow easy payments, buyers should approve a correct payment schedule and give the mandate to pay all the payments as scheduled to their bank. It is done through the ‘Mandatory Disbursement Form’ during the signing of the Sale Agreement.
A separate maintenance team is there to take care of the property. You can rest assured that the Prestige Pallava Gardens project common area will be cared for by specialists.
No, it is permissible to shift the booking of flats either to a different flat or to any other project built by Prestige Group.
Water is obtained through TWAD supply and also from groundwater. Advanced Water Treatment Plants, Rain Water Harvest units, and other latest ways are there to save water.
Please get in contact with us at 18003130080
Corporate Office:
Prestige Polygon – Top Floor
#471, Anna Salai
Nandanam
Chennai 600 035
E-mail: properties@prestigeconstructions.com
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