Prestige Falcon City Chennai Payment Plan

Modern luxury residential high-rise apartment towers at Prestige Falcon City Chennai, 22 towers on 23 acres

The Prestige Falcon City Chennai Payment Plan offers an easy 10:10:80 schedule that lets you buy a luxury home without paying a huge amount of money all at once. This beautiful housing project is spread across 23 acres in Medavakkam, South Chennai. Instead of demanding a massive upfront payment, the builder allows you to split your costs over a 4.5-year construction period. Created by the well-known Prestige Group, this plan makes buying your dream flat smooth, transparent, and completely stress-free.

How the 10:10:80 Payment Plan Works

This brand-new project has 22 tall towers with beautiful 2, 3, and 4 BHK flats. To make things fair for buyers, the company links your payments directly to the building's physical progress. You only pay when specific structural stages are completed on the ground.

Here is how you will pay for your home step-by-step:

Payment Stage	Amount to Pay	What it Means
Booking Amount	10% of total cost	Paid at the start to block your favourite apartment.
Agreement Stage	10% of total cost	Paid within 30 days when you sign the official legal papers.
Construction Stages	80% of total cost	Broken into small parts and paid slowly as the floors are built.
Handover Time	Final leftover balance	Paid at the very end when you get the keys to move in.

What is the Pre-Launch EOI Token?

Before the official bookings open, you can book a slot early by paying a fully refundable Expression of Interest (EOI) token of ₹2 Lakhs. This token helps you choose the best flat with a nice view before others do. When your flat is confirmed, this money counts as part of your first 10% booking amount.

Other Extra Costs to Keep in Mind

The basic price of a 2 BHK flat here starts around ₹1.30 Crores. However, your final bill will include a few extra standard charges:

GST (Goods & Services Tax): A mandatory 5% tax added by the government for houses under construction.
Stamp Duty and Registration: Government fees you must pay at the end to legally register the flat under your name.
Floor Rise Charges: A small extra fee per square foot if you choose a flat on higher floors for better air and views.
PLC (Preferential Location Charges): Extra cost if you want a flat facing the beautiful parks or the massive 1-Lakh-sq.-ft. clubhouse.

Big Benefits of this Construction-Linked Plan

Choosing this plan gives you three major advantages:

Less Money Tension: You do not need to empty your savings account instantly. You can arrange and pay small amounts over 54 months.
Safe Investment: Since 80% of the money depends on building milestones, the builder will work fast to finish the project on time.
Easy Home Loans: Banks love trusted builders like Prestige. The long building timeframe gives you plenty of months to get your home loan approved smoothly.

Frequently Asked Questions

1. What is the best feature of the Prestige Falcon City Chennai payment plan?

The best part is its 10:10:80 milestone structure. You pay only 20% by the time you sign the agreement. The rest 80% is paid in easy parts as the building rises, so there is no financial pressure.

2. How much money do I need to pay to book a flat here?

You need to pay 10% of the flat's value as an advance booking amount. If you are checking out the project very early, you can give a refundable ₹2 Lakh EOI token to save your spot.

3. Does this Prestige Falcon City Chennai payment plan follow RERA rules?

Yes, it completely follows all RERA guidelines. The builder will only ask for money when a specific floor slab or construction milestone is actually completed on the site.

4. Are there any hidden costs in this payment schedule?

There are no hidden charges at all. However, remember that standard costs like 5% GST, government registration fees, stamp duty, and floor rise charges are separate from the base price.

5. Can I get a bank loan for this project easily?

Yes, you can get a loan very easily. Because Prestige Group has an excellent track record, major national banks quickly approve home loans for their projects.

6. Will I get my EOI money back if I change my mind?

Yes, the ₹2 Lakh Expression of Interest (EOI) token is 100% refundable. If you do not choose a flat during the initial allotment, the entire amount will be sent back to your account.

7. When do I have to pay the final balance amount?

You need to pay the final remaining amount only when the project is fully complete, receives its Occupancy Certificate (OC), and the builder invites you to take your keys.