Prestige Falcon City Reserve Launch Price
The Prestige Falcon City Reserve Launch Price starts from ₹1.40 Crore for a premium 2 BHK apartment, ₹2.00 Crore for a 3 BHK layout, and scales up to ₹3.00 Crore onwards for a spacious 4 BHK luxury residence.
For real estate investors and homebuyers looking at South Bangalore's market, this newly introduced high-rise phase brings an exclusive buying window. Positioned inside a mature 41-acre integrated township on Kanakapura Road, these premium towers let you lock in competitive structural rates during the early launch period before values adjust to match the higher pricing of the ready-to-move-in secondary market.
1. Complete Price List by Unit Configuration
The launch pricing translates to a highly strategic base rate ranging between ₹10,500 and ₹14,000 per sq. ft. This early-stage pricing provides an instant valuation advantage compared to active Phase 1 resale units that are trading for significantly more due to immediate occupancy.
Below is the official breakdown of the available configurations, sizes, and launch prices:
| Apartment Configuration | Super Built-Up Area (Sq. Ft.) | Launch Base Price (Estimated) | Indicative Booking Amount (EOI) |
|---|---|---|---|
| 2 BHK Optima | 1,204 – 1,379 | ₹1.40 Crore onwards | ₹12 to ₹15 Lakhs |
| 3 BHK Elegance / Grandeur | 1,588 – 2,140 | ₹2.00 Crore onwards | ₹15 to ₹25 Lakhs |
| 4 BHK Opulence | 2,450 – 2,726 | ₹3.00 Crore onwards | ₹30 Lakhs |
2. Crucial Cost Sheet Components to Keep in Mind
An experienced buyer knows that the launch base price listed in a brochure is only the starting point. When planning your budget for an all-inclusive ticket size, expect an addition of 12% to 15% onto the base price to cover these critical fields:
- Floor Rise Charges: Premium architectural high-rises (with towers rising up to 30 floors) include a standard floor-rise premium per square foot from the 4th floor upwards to account for better light, ventilation, and skyline views.
- Preferential Location Charges (PLC): If your specific layout features a premium corner placement or faces the central landscaped green zones and the beautiful Doddakallasandra Lake, a minor location premium will be added.
- Statutory Taxes & Levies: These are mandatory government fees collected during construction stages. They include a 5% GST for under-construction luxury housing, along with 5% Stamp Duty and 1% Registration Fees due at handover.
- Infrastructure & Amenities Fees: A one-time charge clearly outlined in the cost sheet that covers your lifelong membership to the grand classic-themed clubhouse and your dedicated basement car parking space.
Frequently Asked Questions (FAQs)
Q1: What is the exact starting launch price for a home in Prestige Falcon City Reserve?
The entry-level launch price starts at ₹1.40 Crore for a standard 2 BHK apartment. This represents the base price of the super built-up area and does not include registration taxes, stamp duty, or floor-rise fees.
Q2: What is the average launch price per square foot for this new phase?
The official market guidance sets the launch rate between ₹10,500 and ₹14,000 per sq. ft. The exact per-square-foot cost varies depending on your chosen unit size, tower position, and whether it faces premium community amenities.
Q3: How does the Luxe launch price compare to Phase 1 resale prices?
Securing a unit at the launch price gives you a significant financial cushion. While the new Luxe phase starts at a base of ₹1.40 Crore, existing ready-to-move resale units in the older towers are currently trading at a steep premium between ₹19,000 and ₹23,000 per sq. ft.
Q4: Are there any special price discounts or offers available during the launch window?
Yes, the developer offers exclusive early-bird price advantages and a wider selection of premium inventory (like lake-facing units or specific floor choices) solely for buyers who participate with a formal Expression of Interest (EOI) token during the initial launch phase.
Q5: Does the launch price include GST, stamp duty, and registration charges?
No, the launch price refers to the base property cost. Buyers must budget separately for statutory charges, including a mandatory 5% GST on under-construction homes, 5% Stamp Duty, and 1% Registration Fees collected by the state authorities.
Q6: How is the payment plan structured around the launch price?
The project follows a flexible, RERA-compliant construction-linked payment schedule. After a 10% booking advance and a 10% payment during agreement signing, the remaining balance is split into small, predictable installments tied directly to physical construction milestones like slab casting.
Q7: Are bank loans available for buyers purchasing at the launch price?
Yes, because the Prestige Group holds the highest CRISIL DA1+ developer rating for financial stability and execution excellence, major nationalized and private financial institutions like SBI, HDFC, and ICICI provide streamlined home loan processing right from the launch stage.
