The Cost of 2 BHK in Prestige Falcon City Chennai starts at ₹1.30 Crore and goes up to ₹1.46 Crore for the basic flat price. This new project by the Prestige Group is in Medavakkam, right on the Medavakkam–Sholinganallur Road. It offers 2 BHK flats from 1,001 sq. ft. to 1,220 sq. ft. Right now, the project is in the pre-launch stage, so the builder is giving a special rate of ₹13,000 per sq. ft. When you add government taxes like GST, stamp duty, and registration fees, the final price to buy the flat is about ₹1.45 Crore to ₹1.62 Crore.

Complete Price Breakup for 2 BHK Units

When you buy a new flat that is still being built, the price shown in ads is only the basic price. To plan your money well, you need to check the total flat size, the pre-launch discount, and the final price with taxes.

*Note: The final price includes GST, Tamil Nadu Stamp Duty, Registration fees, and basic maintenance funds.

Additional Costs to Keep in Mind

Above the basic price of ₹1.30 Crore, homebuyers in Chennai have to pay some extra government taxes and builder fees:

• Goods and Services Tax (GST): You have to pay a fixed 5% GST on flats that are under construction.
• Stamp Duty and Registration: In Tamil Nadu, you must pay 7% Stamp Duty and 2% Registration Fee (a total of 9% on the property value) when you register the flat in your name.
• Floor Rise Charges: If you choose a flat on the 6th floor or above, the builder adds ₹50 to ₹100 per sq. ft. for every floor. Flats on very high floors (above the 20th floor) cost a bit more because they give a clear view of the city.
• Preferred Location Charges (PLC): Flats that face the main road, green parks, or the big 70,000 sq. ft. clubhouse have a small extra fee compared to regular flats.
• Maintenance & Corpus Fund: You will need to pay advance maintenance for 1 or 2 years and a one-time common fund when you get the keys (expected in December 2031).

Pre-Launch Price vs. Post-Launch Price

Buying your flat early in this big 23-acre project helps you save a lot of money. Because the project is in the pre-launch stage right now, early buyers get a much lower price.

• Current Pre-Launch Rate (₹13,000 / sq. ft.): This special early price is available until 15 December 2026. If you book a 1,001 sq. ft. 2 BHK flat today, your basic price stays at ₹1.30 Crore.
• Post-Launch Rate (₹14,500 / sq. ft.): Once the official launch happens and building work starts, the price will go up by ₹1,500 per sq. ft. After that, the same 2 BHK flat will cost around ₹1.45 Crore before taxes.
• Expression of Interest (EOI) Booking: You can lock in today's low price and pick the best flat first by paying a booking deposit (EOI) of ₹2 Lakhs to ₹3 Lakhs for a 2 BHK. If you change your mind later, you can get this money back.

Payment Plan for 2 BHK Buyers

The Prestige Group uses a very easy 10:10:80 Payment Plan. You do not have to pay all the money at one time. Instead, you pay step-by-step as the 22 tall towers are built over 4.5 years (54 months).

• 10% at Booking: You pay this when you choose and book your 2 BHK flat (your ₹2–3 Lakh booking deposit is counted in this).
• 10% at Agreement: You pay this within 30 days of booking when you sign the buyer agreement.
• 80% During Construction: You pay the rest of the money in small parts as the building goes up—during foundation work, floor building, brickwork, flooring, and when you get your keys in December 2031.

Why the 2 BHK Price in Medavakkam Makes Sense (ROI & Comparison)

If you want to live here or buy the flat as an investment, looking at the Cost of 2 BHK in Prestige Falcon City Chennai next to nearby South Chennai areas shows why it is a smart buy.

3 Simple Reasons This Price Is Worth It:

• 80% Open Green Space: Small, single buildings in Medavakkam cost less (around ₹6,500 to ₹8,000 per sq. ft.), but they have no parks or walking areas. Here, you live inside a safe 23-acre gated community with big gardens, walking tracks, and a 70,000 sq. ft. clubhouse.
• High Rent from IT Workers: Because the project is on the Medavakkam–Sholinganallur Road, it is very easy to rent out 2 BHK flats to IT couples and small families working in OMR and Perungudi.
• Metro Train & Good Roads: With the new Medavakkam Metro Station (Red Line) coming up nearby and new shops opening, flat prices here are expected to grow by 10% to 12% every year.

Related Posts