Price

Prestige Gardenia Estates Phase 2 price starts at ₹8,500 per sft. The starter plot of 2,000 sft is priced at ₹1.7 Cr onwards (excluding preferred location and statutory taxes). This page details the cost sheet structure, the per sft rate, the payment plan, the mandatory costs and how the EOI booking works. The prices are available in the Floor Plan Page for the different plot configurations, the whole thesis for the corridor context is behind the pricing on the Location page.

✦ The headline number

The plot is coming up at Rs 8,500 psft in pre-launch. That is around ₹1.7 Cr upwards for the base plot cost for a conventional 2,000 sft plot, before adding preferred-location charges and regulatory costs. This is the formal release plot rate per sqft for standard setup. Larger on request combinations are quoted at the equivalent rate subject to availability.

The ₹8,500 per sft entry is at the highest end of the regular plotted band that runs ₹7,500 to ₹10,000 per sft for normal plotted projects in Devanahalli today and just below the luxury launch band of ₹9,000 to ₹12,000 per sft. It is a premium but justified price and not an aberration when one looks at the prices of plots across Devanahalli.

✦ What the base price includes and excludes

The usual plot price is plot area multiplied by per-sft rate. The cost sheet structure separates the base price down into charges for preferred site, statutory levies and one-off and ongoing community fees. These charges cover the build quality, which is documented on the Specifications page. These payments contribute to the amenity stack shown on the Amenities page.

Base price excluding PLC, for most sought after plot sites, club house membership, bundled one time at the time of booking, maintenance corpus and statutory registration charges at approx 7.65% as per Karnataka regulations. The land component of planned complexes where infrastructure is provided separately is not taxable to GST, making the all in cost less than an identical unit purchase.

✦ Preferred Location Charges (PLC)

Location advantage, PLC charges applicable on plots. Corner plots, sites facing the clubhouse, plots on the edge of the garden and Vaastu-preferred orientations have a higher base plot price as these are the most demanded and limited supply plots.

Exact PLC bands are confirmed at booking and are particular for the plot location within the cluster. The earlier you submit your EOI the greater chances you will have of securing a desirable plot (plots that attract PLC are taken first by the lowest EOI priority numbers) and the better you will understand the relevant PLC charges before you commit yourself.

✦ Payment plan structure

The Prestige Gardenia Estates payment plan is based on milestones and is separated into four sections - EOI, official booking, agreement and registration. The exact percentage of milestones and dates is determined at the time of booking depending on the formal timetable for launch. What we have below is not numbers , but a sequence .

There is a four-step progress. First is the size of the EOI. a refundable deposit in the form of an Expression of Interest to secure your priority number. Secondly, on formal launch and booking, the booking amount switches EOI to formal booking Third, a further milestone payment upon signing of a sale agreement. Fourth, the balance is milestone driven for registration and infrastructure; specifics of the payment plan will vary from plot to plot, and also from launch window to launch window, so PLEASE contact our team via the Contact page for exact specifics.

Prestige offers a panel of banks that are pre-approved for home-loan financing. The bank panel generally comprises HDFC, SBI, ICICI Bank, Axis Bank, LIC Housing Finance and Standard Chartered. The loan eligibility and particular disbursement schedule shall be checked with the lender at the time of booking.

✦ Stamp duty, registration and statutory charges

According to the existing rules in Karnataka, the stamp duty and registration costs are approximately 7.65% of the land value. This is a necessary payment to the state upon registration. It is in addition to the base plot price and the developer charges. Actual amount would depend upon the figure registered and Karnataka rate applicable at the time of registration.

As a result the all-in acquisition cost of a plot is significantly cheaper than for an apartment of the same value, where GST is payable to the construction component, in developed areas where infrastructure is given separately and the land component is not subject to GST. This is one of the less visible benefits of the plotted route. The difference is noticeable when you compare the cost breakdown of the plot with buying an apartment.

✦ How the Prestige Gardenia Estates Phase 2 price compares

The pricing of Prestige Gardenia Estates Phase 2 is above the normal intended range with the Prestige brand premium in Devanahalli competitive set. Here are similar resale and launch prices of the major competing proposed developments in the corridor.

The pre-launch entrance price of ₹8,500 per sft is competitive in this context. Phase I resale is already trading at ₹8,500+ per sft. This means, Phase II pre-launch price is almost there on the delivered first phase level on the secondary market with fresh inventory plus the already active Foxconn corridor as the upside. That is a rather simple entry point for a planned development price Bangalore comparison. This is in the premium plot pricing North Bangalore price zone backed by both Brand and Corridor.

✦ Why pre-launch pricing matters

There are two pricing patterns that make the pre-launch window the most profitable place to start. First, the increase between the current EOI band and the next sub-phase release is typically 8-12% phase-to-phase, thus waiting for the public debut means paying a higher price for the same layout. Secondly, the plots facing the clubhouse and the corner with the lowest EOI priority numbers are picked first, the positions with PLC and best resale value.

The investor’s return scenario is the entrance price of Rs 8,500 per sft for the villa plot in Devanahalli versus the historical corridor appreciation of 8-15% annualized and 35-45% on plots over five years. Bangalore end-user locks the pre-launch Prestige plots pricing, now secures the plot and the position before the launch escalation starts. In any case it is good to ask for the price list early. For further information, please consult our blog. The Gallery website provides the renders for site graphics and the Master Plan page shows where the PLC-attracting plots are.