Prestige Falcon City Chennai RERA Approval

Prestige Falcon City in Chennai is waiting for the RERA Approval from the Tamil Nadu RERA board. This approval will be received by November end. Its acknowledgement and registration numbers will be updated on the https://rera.tn.gov.in/ website.

The township is waiting for approvals from the RERA, CMDA, DTCP and GCC boards. These approvals are very important and these details will be put on the RERA website once received.

Prestige Falcon City is a marvellous residential township located in Medavakkam, South Chennai. It is set on 23 acres and has 2, 3, and 4 BHK premium flats for sale. After the approvals, the township will be launched on 15th December, 2026.

The RERA website comprises all details of the township, including:

1. Project Detail - The entire project details, including the builder, the owner of the project, the architect, the engineer and the CA's name. There are separate sections as well, which give affidavits. It also includes the bank details, where the money is to be submitted.

2. Location - The project's entire address, including serial number, plot number, direction, and schedules, is mentioned. Along with a location map is also added.

3. Master Plan - The area covered for the development of the project, its parking area, towers, and amenities are given.

4. Floor Plan - It comprises the type of property, its floor area, and the number of units of each type. The units are in square meters.

5. Construction status - The present status of the township, its date wise construction. This includes a timeline of the laying of substructure, superstructure, and final construction.

6. Total township cost - The overall township cost is given as well, along with bank details.

What is RERA?

RERA stands for the Real Estate Regulatory Authority. A law passed in 2016 created this group. The main goal of RERA is to protect home buyers. It also ensures that real estate deals are clear and honest. The Indian Parliament passed this law on March 10, 2016. The RERA law started on May 1, 2016. At that time, 52 out of 92 sections were put into use. The remaining sections became active on May 1, 2017.

Why is RERA approval important for Prestige Falcon City Chennai?

RERA approval is a must-have rule from the Indian Government. Every property project must get this before launching or starting to build. It proves that all papers are checked and the builder follows the law.

Once a project is RERA-approved, it is a safe and trusted choice for buyers. These projects have a big advantage over many other luxury buildings in Bangalore. This approval guarantees on-time finishing, legal safety, and better protection for people buying homes.

Importance of RERA Approval

Security:

By law, 70% of the money from buyers must stay in a separate bank account. This money can only be used for building and land costs. Builders cannot take more than 10% of the total price as an advance before a final agreement is signed.

Transparency:

Developers must give all original project papers to the authority. They are not allowed to change the project plans unless the buyers agree.

Fairness:

RERA says homes must be sold based only on the real carpet area. If the project is late, buyers can ask for all of their money back.

Quality:

Builders must fix any building flaws found within five years of the purchase. Once a buyer complains, the builder must fix the issue within 30 days.

Authorisation:

A builder cannot show ads, sell, or build a project without an RERA registration. After registering, every ad must show the project's unique RERA number.

Highlights of Prestige Falcon City Chennai

Project Type	New Launch Apartment Township
Total Land Area	23 acres
Location	Medavakkam, South Chennai
Unit Variants	2, 3, and 4 BHK Large Size Flats
Starting Price	Rs. 1.30 Crore
Total Units	2,170
RERA Status	Pending
Towers	22 High-Rise Towers
Location	Medavakkam
Possession	December 2031

Prestige Group Prelaunch Project is Prestige Falcon City Chennai.

FAQs

1. On the Tamil Nadu RERA website how can buyers check the details of a project?

Go to the Tamil Nadu RERA website which is www.rera.tn.gov.in.

Click on the 'Registration tab', then select 'Projects' and after that click on 'Registered Projects - Tamil Nadu'.
Choose the year the property was registered from the list that comes up.
To get all the details, about approvals and timelines and the developer you need to type the project name or the RERA registration number in the search bar.

2. Is RERA registration mandatory in Tamil Nadu?

Yes, it is mandatory to register with RERA in Tamil Nadu for residential and commercial projects. You have to register any project that's bigger than 500 sq. meters or has more than 8 units. This has to be done before the advertisement or selling the project.

If the builders do not follow these rules they might have to pay penalties. Small projects with more than 8 units or those that are under 500 square meters do not need to register with RERA.
In Tamil Nadu RERA registration is required for big projects. The RERA rules are strict and apply to most projects.

3. Which projects require RERA approval?

RERA approval is needed for new and existing residential or commercial projects. Any project is more than 500 sq. Meters or with more than 8 apartments or plots must register. This registration has to be done before selling or promoting the project.

The rule helps to make things clear and keeps homebuyers safe. Small projects under 500 sq. Meters with, than 8 units and projects finished before May 1 2017 do not need RERA approval.