Prestige Falcon City Chennai Price List

Q: 2. What is the per-square-foot rate for Prestige Falcon City Chennai?

The introductory pre-launch price is ₹13,000 per sq. ft.. Following the launch phase, property rates are scheduled to increase to ₹14,500 per sq. ft.

Q: 5. How much is the booking EOI deposit for Prestige Falcon City Chennai?

The refundable Expression of Interest (EOI) deposit is ₹3 Lakhs for 2 BHKs, ₹5 Lakhs for 3 BHKs, and ₹8 Lakhs for 4 BHK luxury residences.

Prestige Falcon City Chennai - Modern luxury residential apartment township aerial view with towers and green spaces

The Prestige Falcon City Chennai Price List provides buyers with complete cost details for luxury 2, 3, and 4 BHK apartments in Medavakkam, with starting prices set at ₹1.30 Crore for a 2 BHK unit (1,001 sq. ft.) and going up to ₹3.54 Crore for an expansive 4 BHK residence (2,735 sq. ft.). Set across 23 acres on the Medavakkam–Sholinganallur Road, this gated township by Prestige Group features an introductory base rate of ₹13,000 per sq. ft. during the pre-launch phase. Reviewing the detailed price list helps homebuyers understand super built-up areas, floor rise additions, statutory taxes, and installment milestones before making a property purchase.

Complete Prestige Falcon City Chennai Price List

The project features a variety of floor layouts across 22 high-rise towers to accommodate different family sizes and budget preferences. Below is the configuration-wise price list for the development:

Apartment Configuration	Super Built-up Area (Sq. Ft.)	Base Price Range (₹)	Estimated All-Inclusive Price Range (₹)*
2 BHK	1,001 – 1,220 sq. ft.	₹1.30 Cr – ₹1.46 Cr	₹1.45 Cr – ₹1.62 Cr
3 BHK Compact	1,380 – 1,550 sq. ft.	₹1.57 Cr – ₹1.78 Cr	₹1.75 Cr – ₹1.98 Cr
3.5 BHK (3 BHK + Study)	1,750 – 2,150 sq. ft.	₹1.95 Cr – ₹2.29 Cr	₹2.18 Cr – ₹2.55 Cr
4 BHK Luxury	2,450 – 2,735 sq. ft.	₹2.63 Cr – ₹3.54 Cr	₹2.92 Cr – ₹3.92 Cr

Cost Sheet Breakdown: Understanding the Price Components

When analyzing the price list of an under-construction project, it is essential to look beyond the base per-square-foot rate. A standard Prestige Group cost sheet is divided into five core financial categories:

1. Base Apartment Price

Calculated by multiplying the super built-up area of the flat by the applicable per-square-foot rate (e.g., ₹13,000 per sq. ft. during pre-launch).

2. Floor Rise Charges

Properties on higher levels benefit from better air circulation, less street noise, and panoramic city views. Units located above the 5th floor carry a nominal floor rise charge (typically starting from ₹50 to ₹100 per sq. ft. per floor) added to the base price.

3. Preferential Location Charges (PLC)

Apartments facing central green parks, clubhouse amenities, or main swimming pool decks feature a location premium over standard inward- or road-facing units.

4. Parking and Infrastructure Fees

Allocated covered car parking space, clubhouse membership fees, electricity connection charges, and water infrastructure deposits are itemized separately in the final cost sheet.

5. Mandatory Government Taxes & Registration

GST (Goods and Services Tax): Standard 5% GST on under-construction residential properties without Input Tax Credit (ITC).
Stamp Duty & Registration: Tamil Nadu state government fees (currently 7% Stamp Duty + 2% Registration fee) payable during final property registration.

Per Square Foot Price Trend: Medavakkam vs. Neighboring Localities

Understanding property rates in South Chennai highlights the strategic value offered by this project:

Locality	Average Rate Range (Per Sq. Ft.)	Key Advantage / Profile
Medavakkam (Project Site)	₹13,000 – ₹14,500	Direct Metro access & OMR connectivity
Sholinganallur (OMR)	₹14,000 – ₹16,000	Core IT Hub proximity
Velachery	₹14,500 – ₹17,000	Developed commercial center
Adyar	₹18,000 – ₹24,000	Premium central residential market

Entering at the introductory rate of ₹13,000 per sq. ft. provides early buyers with potential capital appreciation as construction advances toward completion.

Expression of Interest (EOI) & Payment Milestone Options

To secure a preferred unit layout and lock in current price points before upcoming price revisions, buyers can submit an Expression of Interest (EOI) with refundable booking deposits:

2 BHK Unit Booking Deposit: ₹3 Lakhs
3 BHK Unit Booking Deposit: ₹5 Lakhs
4 BHK Unit Booking Deposit: ₹8 Lakhs

Payments are structured through flexible, milestone-based installment plans linked directly to construction progress:

10% Payment on Booking & Allotment
10% Payment on Execution of Agreement
80% Spread across foundation, slab completions, brickwork, and interior finishing stages

Frequently Asked Questions (FAQs)

1. What is the starting price in the Prestige Falcon City Chennai Price List?

The starting price in the official price list is ₹1.30 Crore* for a 2 BHK apartment with a super built-up area of 1,001 sq. ft.

2. What is the per-square-foot rate for Prestige Falcon City Chennai?

The introductory pre-launch price is ₹13,000 per sq. ft.. Following the launch phase, property rates are scheduled to increase to ₹14,500 per sq. ft.

3. Are government taxes included in the base price list?

No, base prices do not include mandatory government charges such as 5% GST, Tamil Nadu Stamp Duty, or property registration fees. These are billed separately on the final cost sheet.

4. Is there an additional charge for higher floors?

Yes, apartments located above the 5th floor attract a standard floor rise fee that is added to the base price of the apartment.

5. How much is the booking EOI deposit for Prestige Falcon City Chennai?

The refundable Expression of Interest (EOI) deposit is ₹3 Lakhs for 2 BHKs, ₹5 Lakhs for 3 BHKs, and ₹8 Lakhs for 4 BHK luxury residences.

6. What payment plans are available for buyers?

The project offers a construction-linked payment schedule where 10% is paid at booking, 10% upon agreement, and the remaining 80% split across structural building milestones.