Prestige Parklane Price List
Prestige Parklane Price List helps home buyers and investors easily understand starting prices, flat sizes, and floor plans for this new housing complex in Aerospace Park, North Bengaluru. Built by the famous Prestige Group, this large project covers 32.26 acres, with 11.91 acres set aside for tall modern buildings featuring 1, 2, and 3 BHK flats. Created for office workers, small families, and smart real estate buyers, this development offers modern living close to the airport and major office hubs.
Understanding the Prestige Parklane Price List is easier when you look closely at flat types, home sizes, and starting prices.
Indicative Unit Pricing & Configurations
| Configuration | Unit Type / Layouts | Approx. Saleable Area | Indicative Starting Price |
|---|---|---|---|
| 1 BHK | 1 Bed + 1 Bath | 567 – 571 sq. ft. | ₹70 Lakhs* |
| 2 BHK Standard | 2 Bed + 2 Bath | 833 – 880 sq. ft. | ₹1.00 Crore* |
| 2 BHK Large | 2 Bed + 2 Bath | 1,087 – 1,103 sq. ft. | ₹1.30 Crore* |
| 3 BHK (2T) | 3 Bed + 2 Bath | 1,447 – 1,469 sq. ft. | ₹1.55 Crore* |
| 3 BHK (3T) | 3 Bed + 3 Bath | 1,597 – 1,801 sq. ft. | ₹2.25 Crore* |
*Note: Starting prices are approximate. Extra costs apply for higher floors, government taxes, and official fees during launch.
Cost Sheet Breakdown
A standard Cost Sheet for Prestige Parklane lists all the extra costs added to the basic price to give you the final total:
- Agreement Value / Base Price: The basic cost calculated by multiplying the flat size by the rate per square foot.
- Preferred Location Charges (PLC) & Floor Rise: A small extra fee per square foot if you pick higher floors, corner flats, or park views.
- Infrastructure & Development Charges: Basic costs for power, water, sewage connections, and gas pipelines.
- Clubhouse Membership Fees: A one-time payment that gives your family full access to the clubhouse and sports areas.
- Statutory Taxes & Registration:
- GST: A 5% government tax on houses that are currently being built.
- Stamp Duty & Registration: Government fees paid when registering the property in your name.
- Advance Maintenance & Corpus Fund: A deposit collected upfront to keep the building clean and well-maintained after you move in.
Payment Plan Options
To help you manage your money easily, the builder offers simple payment schedules linked to construction progress:
- Construction-Linked Plan (CLP): The most popular choice, where you pay small parts of the total cost as major construction work is completed (such as foundations, floor slabs, wall work, and painting).
- Flexible Booking Term: You pay a small booking amount (usually 10%) at the start, then spread the remaining payments over 3 to 4 years while the building is constructed.
- Possession-Linked Structure: Special payment offers where you pay a small amount during construction and the biggest part right before you get the keys to your home.
Loan Eligibility & Financing Options
Getting a home loan for Prestige Parklane is simple because leading banks trust the Prestige Group and easily approve their projects:
- Pre-Approved Lenders: Top banks like SBI, HDFC Bank, ICICI Bank, Axis Bank, and LIC Housing Finance approve home loans for this project quickly.
- Loan-to-Value (LTV) Ratio: Home buyers can usually borrow 75% to 80% of the total property price from the bank, depending on their income and credit history.
- Eligibility Criteria:
- Salaried Workers: Based on your monthly salary, current bank loans, and a good CIBIL score of 750 or higher.
- Business Owners: Based on your last 2–3 years of business earnings, tax filing records, and income statements.
- Tax Benefits: You can save tax on home loan payments under Section 80C (for paying back the loan amount) and Section 24(b) (for paying loan interest) of the Income Tax law.
What Influences the Total Cost?
While the starting price gives you a general idea, your final bill includes these extra required costs:
- Statutory Taxes & Charges: GST (5% tax on new construction), Karnataka government stamp duty, and official registration fees.
- Location & Floor-Rise: Facing the pool or garden and choosing higher floors add extra charges to your total cost.
- Parking & Facilities: Fixed costs for your private car parking space, clubhouse access, and advance maintenance fees.
- Construction-Linked Payment Schedule: Payments are divided step-by-step as construction moves forward, making it easier to manage bank loans.
Location Advantage & High Return Potential
Located in Phase 2 of KIADB Aerospace Park in Devanahalli, Prestige Parklane sits in one of the fastest-growing areas in North Bengaluru:
- Near the Airport: Only a short 15-minute drive to Kempegowda International Airport.
- Close to Offices: Very close to modern factories, technology parks, and big corporate companies like Foxconn and Wistron.
- Good Roads and Metro: Easy road connections via the Satellite Town Ring Road (STRR) and the upcoming Metro train line.