Prestige Falcon City Chennai EOI Amount and Process Explained 2026

Published On: 22 October 2026

The Prestige Falcon City Chennai EOI amount is Rs. 2 lakh, and it is fully refundable. The EOI window for Phase 1 opens on 1 December 2026, two weeks before the official launch. You register, pay Rs. 2 lakh through the official channel and get priority for unit selection.

Prestige Group is developing this 23-acre township on Medavakkam-Sholinganallur Road, South Chennai, Tamil Nadu 600100. The site lies about 1.5 km from Medavakkam Metro Station and 12 km from Chennai Airport. With 2,170 homes across 22 towers, it ranks among the larger township launches in South Chennai this year. Prices range from Rs. 1.30 crore for a 2 BHK to Rs. 3.54 crore for a 4 BHK.

What Is an EOI in Real Estate?

EOI stands for Expression of Interest in real estate. An EOI is a small refundable deposit that shows a builder you plan to buy in a project. It places you in the priority queue for unit selection, but it does not reserve a specific flat.

Builders collect EOIs before a launch to measure demand and plan the release of units. Buyers use the EOI to get early access without committing the full booking amount. At Prestige Falcon City Chennai, the EOI equals about 1.5% of the entry 2 BHK price.

What Is the EOI Amount for Prestige Falcon City Chennai?

The project lists a single EOI amount of Rs. 2 lakh for Phase 1 buyers. This amount stays the same whether you want a 2 BHK, a 3 BHK or a 4 BHK. It covers all four Phase 1 unit types, from 1,001 sq. ft. to 2,735 sq. ft.

The EOI is small compared with the booking amount you pay later at launch. A 2 BHK at Rs. 1.30 crore needs a 10% booking amount of Rs. 13 lakh. A 4 BHK at Rs. 3.54 crore needs Rs. 35.4 lakh at booking. The EOI lets you hold your place for a fraction of those figures.

How Does the EOI Process Work Step by Step?

The EOI process has six steps, running from 1 December 2026 to unit selection after launch.

Register your interest: Fill the enquiry form on the official website with your preferred BHK and budget.
Get the EOI details: The sales team shares the EOI form, payment details and KYC list.
Submit your KYC papers: Share your PAN card, Aadhaar or passport, and photographs for each applicant.
Pay Rs. 2 lakh: Pay by cheque or bank transfer to the account the developer names.
Collect your receipt: Get a signed receipt with your EOI number, amount and refund terms.
Join unit selection at launch: Pick your tower, floor and facing after the 15 December 2026 launch.

EOI holders usually choose units in the order they paid the EOI. Pay early in the window if you want a specific floor or a road-facing unit.

How Is the EOI Different from the Booking Amount?

The EOI holds your place in the queue, while the booking amount locks a specific flat for you. The table below shows how the two payments compare for this project.

Point of Difference	EOI	Booking Amount
Amount	Rs. 2 lakh flat	10% of the unit price
Example for a 2 BHK at Rs. 1.30 crore	Rs. 2 lakh	Rs. 13 lakh
When you pay	From 1 December 2026	At unit selection after 15 December 2026
What it secures	Priority for unit selection	A specific unit with an allotment letter
Refund status	Fully refundable, as per project details	Subject to the cancellation clause
RERA status at payment	RERA pending	RERA number expected at launch

Ask the sales team whether they adjust the Rs. 2 lakh EOI against your booking amount. Most builders adjust it, but you should get this point in writing before you pay.

How Do You Get an EOI Refund?

You can claim an EOI refund if you decide not to book a unit at launch. The project lists the Rs. 2 lakh EOI as fully refundable for Phase 1 buyers. A refund usually goes back to the same bank account that made the payment.

Ask for the refund period in days before you pay the EOI. Check whether the builder deducts any processing fee from the refund amount. Keep your EOI receipt, your payment proof and a copy of your KYC papers for the refund request. A written email request to the sales team creates a clear record of your claim.

What Should You Check Before Paying the EOI?

Check the RERA status first, since the project expects its RERA number around 15 December 2026. RERA is the state regulator that registers real estate projects and protects buyers. The RERA Act does not allow a builder to sell or book units before registration.

This rule explains why an EOI stays refundable and does not lock a flat for you. Treat any demand for more than Rs. 2 lakh before launch as a warning sign. Pay only into a company account in the developer's name, never into a personal account or in cash.

Read the EOI form before you sign it, and look for these points:

The refund period and the method of refund
Any processing fee or deduction from the Rs. 2 lakh amount
Whether the EOI adjusts against the 10% booking amount
The order in which EOI holders get to choose units
The pre-launch offer, if any, that applies to EOI holders

Is Paying the EOI Worth It for Prestige Falcon City Chennai?

The EOI makes sense if you have already decided on the project and want a specific unit. With 2,170 homes across 22 towers, higher floors and road-facing units tend to go first. The project's own data from Q2 2026 says road-facing units resell 20% faster than internal units.

The trade-off is simple, since your Rs. 2 lakh stays with the builder until booking or refund. You also pay before you see the final price list and the RERA number. Visit the site, compare the price per sq. ft. with nearby Medavakkam projects, and then decide.

Possession is due on 31 December 2031, so you will commit funds for about five years after booking. Plan your home loan and cash flow before you move from the EOI to the booking stage.

FAQs

1. What is the EOI amount for Prestige Falcon City Chennai?

The EOI amount for Prestige Falcon City Chennai is Rs. 2 lakh for Phase 1. The same amount applies to 2 BHK, 3 BHK and 4 BHK units. It gives you priority for unit selection at launch.

2. Is the Prestige Falcon City Chennai EOI refundable?

Yes, the project lists the Rs. 2 lakh EOI as fully refundable for Phase 1. Ask for the refund period and any processing fee in writing before you pay. The refund usually goes back to the same bank account.

3. When does the EOI for Prestige Falcon City Chennai open?

The EOI window opens on 1 December 2026. The official launch follows on 15 December 2026, when unit selection begins. Paying early in the window gives you a better position in the selection order.

4. What is the full form of EOI in real estate?

EOI stands for Expression of Interest in real estate. It is a refundable deposit that shows a builder you plan to buy in a project. It gives you priority access but does not reserve a specific flat.

5. Does the EOI amount adjust against the booking amount?

Most builders adjust the EOI against the 10% booking amount at launch. For a 2 BHK at Rs. 1.30 crore, you would then pay Rs. 11 lakh more at booking. Confirm this adjustment in writing with the sales team before you pay.

6. Can I pay the EOI before the RERA number comes out?

Yes, the EOI window opens on 1 December 2026, before the RERA number arrives. The project expects RERA registration around 15 December 2026. Book your unit and pay the 10% amount only after you verify the RERA number.