Prestige Falcon City Chennai FAQs
Prestige Falcon City Chennai FAQs answer questions on everything you need to know about South Chennai's highly anticipated 23-acre luxury residential township. For savvy homebuyers and real estate investors, keeping track of every core detail—from construction milestones to payment schedules—can feel overwhelming. This structured guide serves as a single source of truth, offering clear and straightforward answers regarding the project's layout, modern amenities, and legal status.
Located right on the active Medavakkam-Sholinganallur Road, this premium development introduces a massive shift in how low-density luxury high-rises are built in the city. Below, we address the most critical questions buyers are asking about this landmark community categorized by core real estate divisions.
FAQs on Price and Payment Plans
What is the current pre-launch price per square foot for the project?
The initial pre-launch base rate is locked at ₹13,000 per square foot. This early-bird rate is valid until the official launch date, after which prices are scheduled to rise to ₹14,500 per square foot, making early booking highly beneficial for capital growth.
What are the Expression of Interest (EOI) booking amounts for different configurations?
To reserve a home during the initial pre-launch stage, the refundable EOI amounts are structured as follows: 2 BHK Homes: ₹3 Lakhs, 3 BHK Homes: ₹5 Lakhs, and 4 BHK Luxury Suites: ₹8 Lakhs.
What is the structural installment payment schedule?
The developer uses a risk-free, construction-linked payment plan. You pay a 10% booking amount to secure your choice of unit and floor. Another 10% is paid within 30 days during the sale agreement signing, and the remaining 80% is split into small installments tied directly to active on-site construction slabs over 54 months.
Are there any hidden or additional charges outside the base cost?
Yes, standard real estate charges apply beyond the base apartment rate. The overall pricing does not include statutory taxes like GST, stamp duty, or registration fees. Additionally, maintenance deposits and floor-rise charges (applicable for units situated above the 5th floor) are calculated separately on your cost sheet.
Is there a cancellation policy if I back out after paying the EOI?
During the initial pre-launch phase, your EOI deposit is 100% fully refundable if you do not get your preferred allotment or choose to cancel before signing the final sale agreement. Once the allotment is confirmed and the builder-buyer agreement is officially executed, standard structural deduction rules apply according to local market guidelines.
Are bank loans available for this pre-launch project?
Yes, because this is an institutional project by the highly rated Prestige Group, all major nationalized and private banks (including SBI, HDFC, ICICI, and Axis Bank) are actively approving the project for construction-linked home loans.
Do pool-facing or park-facing units cost more?
Yes, units that offer direct panoramic views of the central green parks or the premium outdoor swimming pool carry a specific Preferential Location Charge (PLC). This slightly increases the final price compared to non-facing inward units.
FAQs on Amenities and Lifestyle
What major amenities are included in the 70,000 sq. ft. clubhouse?
The grand central clubhouse is fully featured across multiple floors to feel like a premium holiday resort. It includes a temperature-controlled indoor swimming pool, a fully equipped gym, a luxury health spa, indoor badminton and squash courts, private co-working spaces, a mini-theater, and an indoor bowling alley.
What features are planned for the active clubhouse terrace level?
The developer has designed a special lifestyle layout on the clubhouse roof, featuring a rooftop fitness lounge, solar-powered private work pods, stargazing decks, a reading lawn, and an outdoor terrace yoga pavilion.
Do residents have to pay an extra membership fee to use the amenities?
No, the right to use all 60+ sports, fitness, and lifestyle amenities is completely free for all property owners and tenants. The day-to-day operations and upkeep are funded through the monthly community society maintenance charges.
What modern security features keep the residential township safe?
The township uses a comprehensive smart security matrix, including 24/7 CCTV surveillance monitoring all major common areas, restricted access boom barriers at main exit gates, video door phones inside every apartment, and verified digital visitor management systems.
Are there dedicated spaces for children and senior citizens?
Yes, the open-space zones include dedicated age-specific zones. There is a large kid's playground with rubberized safety flooring, a splash pool, senior citizen plazas with quiet seating lawns, and reflexology walking tracks.
Does the community support green and eco-friendly living?
Absolutely. The master design integrates eco-friendly systems like rainwater harvesting networks, dedicated solar panels for common lighting, an organic waste converter, and an active sewage treatment plant (STP) for landscape irrigation.
Are electric vehicle (EV) charging facilities available?
Yes, keeping future transit needs in mind, the 2-level basement parking structures are equipped with common EV charging points alongside regular power provisions for individual car parks.
FAQs on Location and Connectivity
Where exactly is the project located, and what is its main landmark?
The physical site is situated directly on the Medavakkam-Sholinganallur Link Road, South Chennai (Pin Code: 600100). The primary landmark for visitors driving to the site is the Gleneagles Global Health City hospital, which sits just a stone's throw away.
How close is the nearest metro station and the IT corridor?
The neighborhood offers exceptional daily transit advantages for working professionals:
The upcoming Medavakkam Metro Station (Phase 2, Red Line) is located just 1.5 kilometers away, or roughly a 5-minute drive.
How long does it take to drive to the Chennai International Airport?
Via the signal-free 200 Feet Radial Road, residents can drive to the Chennai International Airport in under 30 minutes, ensuring stress-free domestic and international travel.
Which prominent schools and colleges are located nearby?
The community is surrounded by high-performing educational institutions within a 10-to-15-minute drive, including BVM Global School, PSBB Millennium School, Asan Memorial College, and Jerusalem College of Engineering.
What major healthcare centers can be accessed during an emergency?
Apart from the adjacent Gleneagles Global Health City, premium multi-specialty healthcare facilities like Dr. Kamakshi Memorial Hospital and Apollo Cradle are located within a 5-kilometer radius.
Is the location prone to waterlogging or heavy seasonal flooding?
No, the Medavakkam-Sholinganallur ridge enjoys a naturally high elevation compared to low-lying coastal areas. Furthermore, the builder has integrated extensive deep stormwater drain infrastructure across the 23-acre layout to handle heavy monsoons seamlessly.
Are everyday retail and shopping options accessible close by?
Yes, the project features a planned retail and supermarket space inside the township gates for daily groceries. Major retail high streets and entertainment centers along Velachery and OMR are also located within easy driving distance.
FAQs on Timelines and Legal Status
What are the key launch and possession timelines for the township?
The project timeline is clearly mapped out across these specific operational milestones:
Pre-Launch Booking Date - December 1, 2026. The Expression of Interest (EOI) process for Phase 1 officially opens for early bird bookings. The final home possession date is December 31, 2031
What is the official RERA registration status of the project?
The project is currently in its pre-launch phase, and the formal application is actively processing with the Tamil Nadu RERA board. In line with strict legal guidelines, the unique RERA registration numbers and verified documentation are expected to be fully published by December 15, 2026.
Which local planning authorities have cleared the project land?
The residential township has been applied for and is undergoing final review for full planning permissions from the Chennai Metropolitan Development Authority (CMDA) and local environmental safety boards.
Is the project land completely clear of legal disputes?
Yes, the legal title of the 23-acre land parcel has been meticulously scrutinized and verified as 100% clear, freehold, and marketable by top real estate legal firms.
What happens if structural handovers are delayed beyond 2031?
The developer is strictly bound by TNRERA rules. In the unlikely event of a delay past the committed December 2031 deadline, buyers are legally protected and entitled to receive monthly interest penalties from the builder until handovers are finished.
Are the individual high-rise apartments Vaastu compliant?
Yes, the entire architectural plan has been developed with deep focus on traditional Vaastu Shastra guidelines, optimizing proper entry directions, kitchen placement, and master bedroom positioning to boost positive airflow and light.
Can NRI (Non-Resident Indian) buyers invest in this project?
Yes, NRIs holding valid Indian passports or OCI (Overseas Citizenship of India) cards can smoothly invest in this property under standard RBI guidelines using standard NRE or NRO accounts.
