Project Type
Apartment
Prestige Park Street is a pre-launch high-rise residential development by the Prestige Group , located at Palya Village, Devanahalli, Bengaluru. The project is spread across 5 acres at Sy. No. 51/1, 51/2 and 51/3, and this low-density development holds 480 luxury apartments in North Bangalore, distributed across 2 well-planned high-rise towers configured as 2B + G + 30 floors.
Buyers can select from 1, 2 and 3 BHK floor plans, along with a 3 BHK Premium / + Study format. The super built-up area of these upcoming luxury apartments in Bangalore ranges from 685 sq ft to 1,650 sq ft. Pricing for 1 BHK homes begins at ₹85 Lakh onwards, at a pre-launch base rate of approximately ₹12,410 per sq ft.
| Particulars | Details |
|---|---|
| Project | Prestige Park Street |
| Developer | Prestige Group (Prestige Estates Projects Ltd · NSE: PRESTIGE, BSE: 533274) |
| Location | Palya Village, Devanahalli, Bengaluru, Karnataka |
| Project Type | Luxury high-rise apartments |
| Configuration | 1, 2 & 3 BHK (plus 3 BHK Premium / + Study) |
| Size Range | 685 – 1,650 sq ft (super built-up) |
| Total Units | 480 apartments across 2 high-rise towers |
| Tower Format | 2B + G + 30 floors |
| Land Area | 5 acres at Sy. No. 51/1, 51/2 & 51/3, Palya Village |
| Density | ~96 units per acre |
| Status | Pre-launch · Karnataka RERA registration in process |
| Pre-launch Rate | ~₹12,410 per sq ft (valid until the 05 October 2026 launch) |
| Launch Date | 05 October 2026 |
| Possession | From 31 October 2030 |
Prestige Park Street is located at Palya Village, Devanahalli, Bengaluru, Karnataka – 562110, on the Kempegowda International Airport corridor.
Prestige Park Street Devanahalli stands out as a compact, brand-backed luxury address on Bengaluru's fastest-growing employment corridor.
Prestige apartments in Bangalore for sale offer a deliberately focused range of configurations. Each unit is planned on Vastu principles, with a zero-wastage layout and a clear circulation spine.
| Configuration | Bed / Toilet Layout | Size Range (sq. ft.) |
|---|---|---|
| 1 BHK | 1 Bed + 1 Toilet | ~685 |
| 2 BHK | 2 Bed + 2 Toilets | ~845 |
| 3 BHK | 3 Bed + 2-3 Toilets | ~1,250 |
| 3 BHK Premium (/ + Study) | 3 Bed + Study + Guest Toilet | up to ~1,650 |
The Prestige Park Street payment structure is designed to keep your investment simple, transparent, and milestone-linked. Instead of a large upfront outflow, Prestige apartments in Bangalore price payments are staged against verified construction progress. Construction-linked (CLP), down-payment, and subvention options are available, and the sales team shares unit-level inventory on request.
| Payment Stage | Percentage Due | Work Milestone on Site |
|---|---|---|
| Milestone 1 | 10% | Initial booking amount to block the unit |
| Milestone 2 | 10% | Start of construction / signing of the Agreement of Sale |
| Milestone 3 | 10% | Completion of site excavation work |
| Milestone 4 | 10% | Completion of the core plinth level |
| Milestone 5 | 10% | Completion of the two basement slabs (2B) |
| Milestone 6 | 10% | Completion of the ground floor structural slab |
| Milestone 7 | 10% | Completion of the upper-floor superstructure (up to the 30th floor) |
| Milestone 8 | 10% | Completion of internal unit flooring work |
| Milestone 9 | 10% | Completion of internal plumbing installations |
| Milestone 10 | 10% | Receipt of Occupancy Certificate / final handover |
| Total Payment | 100% | Project possession (targeted 31 October 2030) |
Early buyers submitting an Expression of Interest (EOI) secure priority allocation during the official launch of this upcoming Prestige project in Bangalore. Bankable cheques are accepted alongside standard KYC documentation (Aadhaar and PAN).
Note on payments: EOI and booking amounts must be paid only by cheque or bank transfer into the developer's registered project collection account, in the buyer's own name. Account and IFSC details are issued directly by the authorised sales team against a written allotment reference and should be verified with the developer before any transfer. Never transfer funds to an account shared over chat, SMS, or an unverified web page.
Prestige Park Street is currently in the pre-launch phase at Palya Village, Devanahalli, so the practical "review" today is about brand positioning, master-plan integrity, and paperwork rather than lived experience. The relevant read for buyers is whether the 5-acre, twin-tower format with 480 residences and Prestige Group's Bengaluru track record supports the entry pricing from ₹85 Lakh relative to other Devanahalli launches.
Early buyer sentiment focuses on Prestige Group's portfolio depth, the Devanahalli corridor's connectivity to the ORR and the airport, and the project's positioning around end-use buyers rather than investor inventory. The watchpoints are the Karnataka RERA filing once published, the registered cost sheet, and the per-unit carpet-area definitions — buyers should verify these independently before any booking transfer.
The official Prestige Park Street brochure carries the complete project details, including the floor plans, master plan, and amenity schedule.
Prestige Park Street is one of North Bangalore's notable pre-launch offerings of 2026, with 480 units across 2 towers on a 5-acre site. Pre-launch bookings are open now. The official launch date is scheduled for 05 October 2026, construction is scheduled to commence on 25 October 2026, and possession is targeted from 31 October 2030.
The key facts of Prestige Park Street at a glance.
Apartment
₹85 Lakh* onwards
Prelaunch
5 acres
Prestige Group
2 towers
1, 2 & 3 BHK
685 – 1,650 sq ft
480 units
2B + G + 30 floors
In progress
31 October 2030*
Prestige Park Street price begins at ₹85 Lakh onwards for the 1 BHK and scales to ₹1.98 Cr+ for the 3 BHK. The pre-launch base rate is approximately ₹12,410 per sq ft and is valid until the 05 October 2026 launch. The development offers four layout types configured across the 2 residential towers.
Note: Final pricing depends on floor level, tower position, unit orientation, and applicable pre-launch offers. The banner price is not the payable price — ask for the detailed cost sheet covering parking, maintenance deposit, registration, stamp duty, GST, and any floor-rise or preferred-unit premiums before committing.
At Prestige Park Street, the monthly maintenance fee is estimated between ₹4 and ₹6 per sq. ft. for a project of this format in North Bangalore. This keeps shared costs proportionate for every flat owner across the two towers. The exact figure is confirmed in the maintenance agreement at handover.
Before key handover and final possession from 31 October 2030, an advance maintenance fee is collected upfront. This amount goes into a designated society fund used to start daily operations for the high-rise towers.
| Unit Type | Super Built-up Area | Starting Price | Availability |
|---|---|---|---|
| 1 BHK | ~685 sq ft | ₹85 Lakh | |
| 2 BHK | ~845 sq ft | ₹1.31 Cr | |
| 3 BHK | ~1,250 sq ft | ₹1.98 Cr | |
| 3 BHK Premium / + Study | up to ~1,650 sq ft | On request |
*All-in cost includes registration (~1%), stamp duty (~5%), GST (5%), legal documentation, and the maintenance corpus, as applicable in Karnataka. Floor-rise charges, preferential location charges (PLC), and corner / view premiums are quoted at the time of booking.
The Prestige Park Street master plan is set over 5 acres at Palya Village, Devanahalli, and is organised around low-density high-rise planning. It has 2 high-rise towers, each with a 2B + G + 30 floor structure, holding approximately 480 units. The project offers luxury 1, 2 and 3 BHK homes in North Bangalore.
Prestige Park Street floor plans cover 1, 2 and 3 BHK luxury apartments ranging in size from 685 to 1,650 sq ft. The project features 480 homes across 2 residential towers on a 5-acre land parcel at Palya Village, Devanahalli, Bangalore. Pricing starts from ₹85 Lakh onwards. Each layout is shaped around natural light, ventilation, Vastu-led planning, and practical day-to-day family use.
The Prestige new project in North Bangalore has a dedicated experience centre that lets prospective buyers inspect true-to-scale representations of the available layouts at Prestige Park Street.
| Feature | What the Buyer Will Experience |
|---|---|
| Material Touchpoints | Inspect flooring surfaces, kitchen counter fittings, and balcony railing details. |
| Space Optimization | Evaluate zero-waste corridor planning and the integration of utility zones. |
| Smart Home Layout | Review provisions for digital entry systems and energy-efficient power modules. |
| Acoustic Insulation | Check the window glazing specified to reduce airport-corridor and highway noise. |
685 sq.ft. · from ₹85 Lakh*
845 sq.ft. · from ₹1.31 Cr*
1,250 sq.ft. · from ₹1.98 Cr*
Prestige Park Street amenities include a curated mix of over 40 fitness, sports, and lifestyle facilities designed to serve wellness, recreation, family life, and all-day convenience across the 5-acre Devanahalli site.
| Feature | Prestige Park Street | Typical Airport-Corridor High-Rise |
|---|---|---|
| Land Area & Density | 5 acres · 480 units · ~96 units per acre | 110 – 130 units per acre |
| Tower Count | 2 towers, wide spacing, central podium | 4 – 8 towers, tighter spacing |
| Amenity Format | Multi-level clubhouse with mini theatre, banquet hall, arcade, meditation pods | Standard gym-and-pool clubhouse |
Prestige Park Street specifications are designed for structural resilience, acoustic privacy, and energy efficiency, following the Prestige high-rise safety protocol. Below are the indicative 2026 specifications for the residential project. Final specifications are confirmed in the Agreement of Sale, and all brands stated remain subject to the project architect's final decision.
The structural framing of the 2B + G + 30 floor towers relies on monolithic aluminium formwork. This technique reduces conventional brickwork masonry, creating tighter structural tolerances, better moisture resistance, and improved seismic performance. It also yields flatter wall profiles and durable concrete elements, which lowers long-term facade maintenance cost for owners.
Prestige Park Street address is Palya Village, Devanahalli Taluk, Bengaluru Rural District, Karnataka 562110, at Sy. No. 51/1, 51/2 and 51/3. The project sits on Bengaluru's Kempegowda International Airport corridor — the largest under-construction employment market in Karnataka — with access to NH-44 (Bellary Road) and the Outer Ring Road.
| Landmark | Approx. Distance |
|---|---|
| Kempegowda International Airport (KIA) | ~6 – 12 km |
| NH-44 / Bellary Road | ~5 – 8 km |
| Doddajala Metro Station (Blue Line, Phase 2B, 2026/27) | ~5 km |
| Foxconn “Project Elephant” iPhone plant (ITIR) | ~7 km |
| KIADB Aerospace Park | ~5 km |
| Bangalore Aerospace SEZ (Boeing, Airbus, Bombardier) | ~6 km |
| Akash Hospital, Devanahalli | ~2 km |
| Stonehill / Canadian International School, Yelahanka | ~12 – 14 km |
| Manipal Hospital, Hebbal | ~22 km |
| Embassy Manyata Business Park / Phoenix Mall of Asia | ~24 – 25 km |
The Devanahalli belt is the city's most active industrial and infrastructure corridor, driven by aviation, electronics manufacturing, and aerospace. Three anchors define the next decade of demand here.
| School Name | Distance | Curriculum |
|---|---|---|
| Akash International School, Devanahalli | ~3 km | CBSE |
| Stonehill International School, Tarahunise | ~12 km | IB |
| Canadian International School, Yelahanka | ~14 km | IB / Canadian |
| Ryan International School, Yelahanka | ~15 km | CBSE / ICSE |
| Hospital Name | Distance | Key Specialty |
|---|---|---|
| Akash Hospital, Devanahalli | ~2 km | Multi-specialty and emergency care |
| Leena Multispeciality Hospital, Devanahalli | ~5 km | General and diagnostics |
| Aster CMI Hospital, Hebbal | ~20 km | Tertiary and specialty care |
| Manipal Hospital, Hebbal | ~22 km | Multi-specialty tertiary care |
| Business Hub | Distance | Corridor Focus |
|---|---|---|
| KIADB Aerospace Park | ~5 km | Aerospace manufacturing and MRO |
| Bangalore Aerospace SEZ | ~6 km | Boeing, Airbus, Bombardier and 50+ OEMs |
| Foxconn ITIR Campus | ~7 km | Electronics and iPhone assembly |
| Embassy Manyata Business Park | ~24 km | IT and GCC office campus |
Buyer note: Verify the gate-to-station distance, the road approach during construction of the metro line, and your specific peak-hour commute time before booking. Distances above are indicative road distances and vary by route.
Park Street is a pre-launch residential address developed by the Prestige Group, positioned at Palya Village in Devanahalli, North Bangalore. This low-density high-rise project spans approximately 5 acres and features 2 residential towers. Each tower rises across a structure of 2 basements + Ground + 30 upper floors.
The master plan integrates 480 apartments in 1, 2 and 3 BHK formats around a central amenity podium, at a density of roughly 96 units per acre. To give early buyers a pricing advantage, the project opens with a pre-launch offering starting from ₹85 Lakh onwards at approximately ₹12,410 per sq ft, bringing branded high-rise living to Bengaluru's airport corridor.
The title "Park Street" points to the landscaped spine that runs between the two towers — a green, pedestrian-first street at podium level rather than a driveway. The Prestige Group planned this community around cross-ventilation and daylight, combining a compact high-rise footprint with a generous open podium to deliver a calmer lifestyle in Devanahalli.
For an end user who wants a branded project of manageable size at a clean launch-stage entry, this is a logical shortlist. The 1 BHK suits single professionals and dual-income couples working on the corridor, the 2 BHK suits young families, and the 3 BHK and 3 BHK Premium suit households planning a four-to-five-year horizon. For an investor, the appeal rests on the Devanahalli employment story, the metro-led appreciation angle, and rental demand from the aerospace and electronics belt. Rental and resale projections should be verified independently rather than taken from marketing material.
Devanahalli is a town and taluk headquarters in Bengaluru Rural district, approximately 40 km north-east of central Bengaluru. It is best known as the location of Kempegowda International Airport, and it borders Yelahanka to the south, Doddaballapur to the west, Hoskote to the south-east, and Chikkaballapur district to the north.
Devanahalli takes its name from Devanahalli Fort, built in the 16th century by the Mallabairegowda family and later strengthened under Hyder Ali and Tipu Sultan. Tipu Sultan was born here in 1750, and the fort remains a protected monument in the town centre. Modern growth began with the commissioning of Kempegowda International Airport in 2008, which shifted the town from an agrarian economy to Karnataka's principal aviation, aerospace, and electronics corridor.
Prestige Park Street Devanahalli is a newly launched residential project by the Prestige Group located at Palya Village in Devanahalli, North Bangalore. Spanning approximately 5 acres, the development features 2 residential towers with a 2B + G + 30 floor structure, holding approximately 480 premium 1, 2 and 3 BHK apartments.
The official Devanahalli pincode is 562110 for local administrative and postal documentation. Day-to-day retail is served within Devanahalli town, with large-format shopping at Phoenix Mall of Asia, Hebbal, approximately 25 km along the NH-44 corridor.
Devanahalli is in an infrastructure-led growth phase rather than a saturated one, with the airport, the metro extension, and the SIR notification acting together on land values.
The concentration of aerospace, electronics, and aviation employment within a 10 km radius supports a working tenant base that is structurally different from an IT-only micro-market.
Bengaluru is the capital and largest city of Karnataka, located on the Deccan Plateau at approximately 900 metres above sea level. It is India's third-most-populous city and the country's principal technology centre, accounting for the largest concentration of software exports and global capability centres in the country.
The metropolitan region is administered by the Greater Bengaluru Authority and its constituent city corporations, alongside the Bangalore Development Authority for planning. The city hosts the Karnataka Legislative Assembly at Vidhana Soudha and the Karnataka High Court.
Bengaluru's real estate market is driven by demand across residential, commercial, and industrial segments, concentrated in North Bengaluru (Devanahalli, Yelahanka, Hebbal), East Bengaluru (Whitefield, Sarjapur), and South Bengaluru (Electronic City, Kanakapura Road).
Prestige Park Street is located at Palya Village, Devanahalli, in North Bangalore. The project spans approximately 5 acres with 480 apartments across 2 towers. Connectivity includes NH-44 (Bellary Road) at ~5 – 8 km, Doddajala Metro Station at ~5 km, and Kempegowda International Airport at ~6 – 12 km.
Prestige Park Street is planned as a high-rise residential development at Sy. No. 51/1, 51/2 and 51/3, Palya Village, Devanahalli. Planning sanction for the site falls under BIAPPA (Bangalore International Airport Area Planning Authority), which governs development within the airport influence zone, including height clearance relative to the KIA approach funnel.
Environmental clearance for projects of this footprint is governed by the Ministry of Environment, Forest and Climate Change through the State Environment Impact Assessment Authority (SEIAA), Karnataka. Buyers should ask to see the EC letter and the BIAPPA-sanctioned plan directly rather than relying on a general statement of compliance.
Independent verification of title is the buyer's own responsibility, and should not be substituted with marketing assurances. Before any booking transfer, verify:
RERA Status: The project is awaiting registration with the Karnataka Real Estate Regulatory Authority (K-RERA). Registration numbers will be published here immediately on issuance.
Investment Security: Prestige Estates Projects Limited is a listed entity (NSE: PRESTIGE, BSE: 533274) subject to quarterly SEBI disclosure, which adds a layer of financial transparency over an unlisted developer. This does not replace project-level legal due diligence.
Prestige Park Street is expected to carry project approvals from major lending institutions, enabling home loan financing for eligible buyers.
Key documentation a buyer should collect and retain:
Purchasing an apartment at Prestige Park Street requires adherence to Karnataka's statutory tax and registration framework.
Statutory Dues: The base price sheet and pre-launch quotes exclude stamp duty and registration fees. Arrange these funds separately before executing the conveyance deed at the Sub-Registrar Office.
GST Milestones: Tax is billed progressively alongside construction milestone stages.
TDS: For a consideration of ₹50 Lakh or more, the buyer must deduct 1% TDS under Section 194-IA and deposit it against the seller's PAN.
The development status of Prestige Park Street is pre-launch, pre-construction. The official launch is set for 05 October 2026, and site construction is scheduled to commence on 25 October 2026. Work on site at present is limited to survey, soil investigation, and mobilisation planning — no structural work has begun.
The residential development is planned for completion within a structured four-year timeline from the start of construction. The target date for apartment handover is 31 October 2030, with construction officially starting on 25 October 2026.
| Milestone Event | Scheduled Date | Status |
|---|---|---|
| Pre-launch Opening | December 2025 | Completed – initial market introduction |
| Karnataka RERA Filing | Before launch | In process – number awaited |
| Launch Date | 05 October 2026 | Active – pre-launch bookings open |
| Construction Commencement | 25 October 2026 | Scheduled ground-breaking |
| Structural Completion | 25 October 2030 | Four-year structural target |
| Possession Date | From 31 October 2030 | Units open for handover |
Preliminary planning and mobilisation work are underway across the 5-acre site ahead of the scheduled ground-breaking.
Overall Construction Progress — 5%* — Site development & foundation work
*Illustrative sample figure. Committed possession date: December 2031, as per RERA filing.
Prestige Estates Projects Limited is one of India's largest publicly listed real estate developers, headquartered in Bengaluru and listed on both exchanges (NSE: PRESTIGE, BSE: 533274). The group has operated since 1986 under Chairman and Managing Director Irfan Razack, and has a presence across 12+ Indian cities.
As of December 2025, the group had delivered 313 projects across 206 million sq ft, of which 150 were residential projects totalling 127 million sq ft, with a 140 million sq ft active residential pipeline. The Bengaluru track record includes Prestige Shantiniketan, Prestige Lakeside Habitat, and Prestige Tranquility, alongside active launches such as Prestige Evergreen, Prestige Falcon City Luxe, and Prestige Highland Hideaway.
| Metric (FY26) | Value |
|---|---|
| Sales | ₹30,024.5 Cr (record) |
| Collections | ₹18,514.6 Cr |
| Revenue (YoY) | ₹12,685.4 Cr · +72.6% |
| Net Profit (YoY) | ₹1,195.5 Cr · +155.72% |
| Projects Delivered (Dec 2025) | 313 projects · 206 M sq ft |
| Residential Completed | 150 projects · 127 M sq ft |
| Active Residential Pipeline | 140 M sq ft |
For Prestige Park Street specifically, the listed-company governance, quarterly SEBI disclosures, and the 140 M sq ft active residential pipeline materially de-risk the 2030 possession commitment relative to comparable specifications from less-established developers. Buyers should still independently verify the Karnataka RERA filing once published, the BIAPPA-sanctioned plan, the carpet-area statement, the payment schedule, and the registered agreement before any booking transfer.
Upcoming projects are those launching newly into the market, typically offering early-stage pricing. Active and upcoming Bengaluru launches include:
Prestige Evergreen is a large-format apartment community in South Bengaluru, offering 1, 2, 3 and 4 BHK configurations across multiple high-rise towers, positioned around a central amenity spine.
Prestige Falcon City Luxe is a premium apartment addition within the established Falcon City development on Kanakapura Road, South Bengaluru, offering high-rise 2 and 3 BHK homes.
Prestige Highland Hideaway is an active Bengaluru launch positioned toward end-use buyers seeking a landscaped, lower-density format.
Ongoing projects are those where construction is under way but the Occupancy Certificate has not yet been issued, so possession is not available. Examples include:
Prestige Shantiniketan is a delivered integrated township at Whitefield, East Bengaluru, combining residential towers with office and retail components, and remains one of the group's largest completed mixed-use developments.
Prestige Lakeside Habitat is a delivered large-format township at Varthur, East Bengaluru, comprising apartments and villas set around a lakefront and an extensive clubhouse.
Prestige Tranquility is a delivered apartment community at Budigere Cross, off Old Madras Road, offering 2, 3 and 4 BHK homes across multiple towers with a landscaped central park.
Prestige Park Street is a pre-launch Prestige Group apartment project at Palya Village, Devanahalli, Bengaluru. It offers 1, 2 and 3 BHK homes on a 5-acre site with 480 apartments across two towers — a much smaller inventory than a typical mega-township launch, which makes it easier to evaluate as a single, focused development.
The project is in pre-launch. The official launch is 05 October 2026, construction is scheduled to start 25 October 2026, and possession is targeted from 31 October 2030. Evaluate it as an early-stage branded launch rather than a near-handover project. Ask for the latest construction timeline, verify the Karnataka RERA status, and confirm the payment plan and milestone schedule before paying anything serious.
1 BHK at approximately 685 sq ft, 2 BHK at approximately 845 sq ft, 3 BHK at approximately 1,250 sq ft, and a 3 BHK Premium / + Study format up to approximately 1,650 sq ft. All areas quoted are super built-up; ask for the carpet-area statement for the specific unit.
Pricing starts from ₹85 Lakh for the 1 BHK, around ₹1.31 Cr for the 2 BHK, and around ₹1.98 Cr for the 3 BHK, at a pre-launch base rate of approximately ₹12,410 per sq ft. All-in costs including stamp duty, registration, and GST run roughly ₹95 – 96 Lakh, ₹1.46 – 1.50 Cr, and ₹2.21 – 2.25 Cr respectively. Ask for the detailed cost sheet covering parking, maintenance deposit, floor-rise, and preferred-unit premiums — the banner price is not the payable price.
At 480 units on 5 acres, the project works out to roughly 96 units per acre, against the 110 – 130 typical of comparable airport-corridor high-rises. In practice that means wider spacing between the two towers, a larger central podium for amenities, and less congestion at lifts and lobbies during morning and evening peaks.
The site is at Palya Village, Devanahalli, on the Kempegowda International Airport corridor. NH-44 (Bellary Road) is ~5 – 8 km away, the Doddajala Metro Station on Blue Line Phase 2B is ~5 km away, and the airport is ~6 – 12 km away. Verify the gate-to-station distance, the road approach, and your specific peak-hour commute before booking.
Foxconn's ₹21,911 Cr "Project Elephant" iPhone assembly campus is approximately 7 km away, the 950-acre Bangalore Aerospace SEZ (Boeing, Airbus, Bombardier and 50+ OEMs) is approximately 6 km away, and KIADB Aerospace Park is approximately 5 km away. The 3,117-acre Devanahalli Special Investment Region anchors longer-term industrial growth in the belt.
Beyond a standard gym-and-pool checklist, the programme includes a multi-level clubhouse, banquet hall, games arcade, mini theatre, cafeteria, landscaped central garden, step gardens, meditation pods, amphitheatre, children's play area, skating space, jogging track, and both adult and kids' swimming pools.
Karnataka RERA (K-RERA) registration is in process and the number is awaited. Under the Real Estate (Regulation and Development) Act, a project cannot be advertised or sold before RERA registration, so verify the registration on the official K-RERA portal before transferring any booking amount.
In Karnataka, stamp duty is 5% of the agreement or guidance value (whichever is higher) for properties above ₹45 Lakh, plus applicable cess and surcharge, and registration is 1%. GST on under-construction residential units is 5% without input tax credit. For a consideration of ₹50 Lakh or more, the buyer must also deduct 1% TDS under Section 194-IA.
EOI payments are made by cheque or bank transfer into the developer's registered project collection account, in the buyer's own name. Confirm the current, verified account details in writing with the developer before making any payment. Do not transfer funds to account details received over chat, SMS, or an unverified web page.
It can be argued both ways. For end users, the strongest positives are the branded pre-launch positioning, the practical 1, 2 and 3 BHK sizes, and the amenity depth. For investors, the case rests on launch-stage pricing and the connectivity and employment build-out along the corridor. If you are yield-focused, verify rental numbers independently rather than relying on projected figures.
Verify the K-RERA registration, the BIAPPA-sanctioned plan, the title chain and mother deed for Sy. No. 51/1, 51/2 and 51/3, the Encumbrance Certificate, the DC conversion order, the Khata, the construction timeline, the payment plan, the total all-inclusive price, current inventory, maintenance commitments, and any charges outside the headline price. Also confirm the facing of your specific unit, the floor-rise impact, and whether parking is included or charged separately.
Ask for four things: the brochure, the detailed cost sheet, the floor plans, and a site visit slot. That covers pricing, documentation, actual availability, and whether the on-ground experience matches the pitch. Visit the site before committing rather than deciding from screenshots and a single sales call.
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