How to Book an Apartment in Prestige Falcon City Chennai 2026

You book a unit here in seven steps, moving from a refundable EOI to a registered sale agreement. Each step has a date or amount attached, so you can plan your funds well ahead.

• Register your interest: Fill the enquiry form on the contact page with your preferred BHK and budget.
• Pay the EOI: Submit Rs. 2 lakh from 1 December 2026 to secure priority for unit selection.
• Visit the site: See the 23-acre land parcel, the approach roads and the Medavakkam neighbourhood before launch day.
• Review the launch price list: Check the cost sheet and RERA number at launch on 15 December 2026.
• Select your unit and pay 10%: Pick your tower, floor and facing, then collect your allotment letter.
• Sign the agreement and pay 10%: Complete the agreement for sale and the second instalment within 30 days.
• Pay construction-linked milestones: Clear the remaining 80% in stages over the 54-month build period.

The EOI for Phase 1 costs Rs. 2 lakh, and the project lists it as fully refundable. An Expression of Interest is an early, refundable deposit that reserves your place in the unit allotment queue. It does not lock a specific flat or a final price for you.

EOI holders get first preference when units open for selection at launch. This matters in a project with four unit types, since the best floors and facings usually go first. You also get access to any pre-launch offers the developer announces. Ask for a written EOI receipt that states the refund timeline clearly. It should also say whether the EOI adjusts against your booking payment.

Prestige Falcon City Chennai follows a 10:10:80 construction-linked payment plan. A construction-linked plan ties each payment to a finished stage of building work, such as a slab. The table below shows indicative amounts for the entry 2 BHK and the top 4 BHK.

These figures use the starting price for each type, so your amount will vary with size and floor. GST at 5% applies to under-construction homes, so confirm whether the quoted price includes it. Keep stamp duty and registration costs separate in your budget, since you pay them at registration.

You need basic KYC papers for each buyer named on the booking form. Keep self-attested copies ready before the 15 December 2026 launch, since unit selection moves fast.

• PAN card for every applicant, which the builder needs for TDS and payment records
• Aadhaar card or passport as identity and address proof
• Two recent passport-size photographs per applicant
• A cheque or bank transfer details for the booking amount
• For NRIs: passport, visa or OCI card, and an NRE or NRO account for payments
• For a joint booking: KYC papers of the co-applicant and a note on the ownership share

NRIs who cannot travel can authorise a family member through a registered power of attorney. Make sure the power of attorney covers signing the agreement and the final sale deed.

Check the RERA registration first, which the project expects on or around 15 December 2026. RERA is the state regulator that registers projects and protects buyers against delays and false promises. Search the project name on the TNRERA portal and match the registered details with your cost sheet.

The RERA Act stops a builder from taking over 10% of the price before a registered agreement. That rule matches the 10% booking amount here, so treat any higher demand as a warning sign. Ask for your unit's carpet area, since RERA pricing must use carpet area, not super built-up area.

Read the cancellation clause in the allotment letter before you sign it. Note how much the builder deducts if you cancel after booking and after the agreement. Also check the possession date of 31 December 2031 and the penalty the builder pays for any delay.

Most buyers fund the 80% construction share through a home loan that the bank disburses in stages. Apply for loan sanction before you sign the agreement, so the bank releases the first milestone on time. Large banks usually approve Prestige Group projects once the RERA number is out.

If your flat costs Rs. 50 lakh or more, you must deduct 1% TDS from each payment. You then deposit this amount with the tax department. Every unit in this project crosses that limit, so keep the Form 26QB challans for your records.

Tamil Nadu registers the first sale of a new flat on its composite value. This value combines your land share and the building cost. For flats between Rs. 50 lakh and Rs. 3 crore, stamp duty and registration total about 7%. Above Rs. 3 crore, the total rises to about 9%. Confirm the current rate on the TNREGINET portal before registration, as the state revises these charges often.

Early buyers get first choice of floors, facings and tower positions across the 22 towers. Each tower has 2 basements, a ground floor and 14 upper floors, and higher floors sell first. The project's own data from Q2 2026 says road-facing units resell 20% faster than internal ones.

Pre-launch pricing is often the lowest price a project offers, since builders raise rates in later phases. With completion planned for 30 June 2031, you also get more time to arrange your funds. Balance these gains against the risk of booking before you see the final RERA approval and cost sheet.