Joint Home Loan for Luxury Apartments in Bangalore

A Joint Home Loan for Luxury Apartments in Bangalore is a home loan taken by two or more people together. Usually, a husband and wife, parents and children, or brothers and sisters apply for this loan to buy a big, high-value house. In Bangalore's fast-growing property market, combining two incomes helps you get a much bigger loan amount. It also divides the monthly EMI payment between two people so no single person feels the stress. On top of that, both buyers can claim separate income tax benefits under Section 80C and Section 24(b). Plus, if a woman is added as a co-buyer, most Indian banks give a 0.05% discount on the loan interest rate. This smart loan option makes buying a grand home in a famous project like Prestige Falcon City Reserve on Kanakapura Road very easy and affordable for working families.
An Complete Overview of Prestige Falcon City Reserve
Built by the famous Prestige Group, Prestige Falcon City Reserve is a new luxury apartment project in Konanakunte on Kanakapura Road, South Bangalore. It is a key part of the huge 41-acre Prestige Falcon City township. This upcoming project is made for families who want big rooms, lots of green trees, and easy city living. The project will be ready for families to move in by December 2031. It offers tall towers, eco-friendly design, and quick access to shopping malls and the metro station.
Master Plan and Architectural Layout
The layout of Prestige Falcon City Reserve is planned to give residents plenty of breathing room. About 75% of the 41-acre land is kept open for green gardens and parks, while only 25% is used for buildings. The project has 2,520 Vastu-friendly luxury flats spread across 7 tall towers with a ground floor and 30 upper floors. These towers are placed in a quiet corner away from the noisy main road. They sit around a big central garden so every flat gets bright sunlight, fresh air, and complete privacy. There is also a back gate that helps residents skip the heavy traffic on Kanakapura Road.
Apartment Configurations and Pricing
Prestige Falcon City Reserve offers well-planned 2, 3, and 4 BHK flats. Some homes also come with a separate room for a home office. The flat sizes start from 1,240 sq. ft. and go up to 2,726 sq. ft. The pre-launch price is between ₹10,500 and ₹14,000 per sq. ft., which makes a joint home loan very helpful for buying a bigger home:
- 2 BHK Apartments: Sizes range from 1,240 to 1,379 sq. ft., with prices starting at ₹1.4 Crore onwards (booking amount starts at ₹12 to ₹15 Lakh).
- 3 BHK Apartments: Sizes range from 1,830 to 1,970 sq. ft. (available with 2 toilets, 3 toilets, or a home office), with prices starting at ₹2 Crore onwards (booking amount is ₹15 to ₹25 Lakh).
- 4 BHK Apartments: Sizes range from 2,450 to 2,726 sq. ft. with a home office, with prices starting at ₹3 Crore onwards (booking amount is ₹30 Lakh).
Prime Location and Connectivity
Located in Konanakunte (PIN 560062), this project sits right opposite the Konanakunte Cross Metro Station on the Green Line. Residents can walk to the metro station in less than a minute. The project is also right next to the Forum South Bengaluru Mall, so families can easily walk to shops, movie theatres, and restaurants. Major work hubs and big roads are very close: Silk Board Junction is 7.1 km away, Global Village Tech Park is 7.9 km away, and NICE Road is 7.7 km away. Good schools and hospitals like RMS International School, Jnana Sweekar Public School, Cura Hospitals, and Apollo Hospitals are just a 2 to 15-minute drive from the gate.
World-Class Amenities and Specifications
People living here can use more than 45 fun and useful facilities, including a big clubhouse and quiet garden zones. The project has a swimming pool, kids' pool, gym, yoga room, spa, sauna, mini movie theatre, work-from-home spaces, and a library. For outdoor sports, there are courts for tennis, basketball, and badminton, along with a cricket pitch, skating rink, fish pond, pet park, and walking paths. The buildings are made with strong cement frames and come with marble and tile floors, 8-foot wooden main doors, sliding glass windows, safe electrical switches, video door phones, and 24/7 security cameras.
Frequently Asked Questions (FAQs)
Q1: How much tax can a couple save with a joint home loan on Prestige Falcon City Reserve?
If both people own the flat and pay the EMI, each person can claim up to ₹1.5 Lakh on the main loan amount (Section 80C) and ₹2 Lakh on the interest paid (Section 24b), saving up to ₹7 Lakh together every year under the old tax rules.
Q2: What is the starting price of apartments in Prestige Falcon City Reserve?
Prices start at ₹1.4 Crore onwards for a 2 BHK, ₹2 Crore onwards for a 3 BHK, and ₹3 Crore onwards for a 4 BHK flat.
Q3: Where is Prestige Falcon City Reserve located?
It is located in Anjanadri Layout, Konanakunte, on Kanakapura Main Road in South Bangalore, right opposite the Konanakunte Cross Metro Station.
Q4: What is the total land size and open space of the project?
The project is part of a 41-acre township with 75% open green space, 7 tall towers (G+30 floors), and 2,520 flats.
Q5: Does having a woman co-buyer lower the home loan interest rate?
Yes, most banks give a 0.05% discount on the interest rate when a woman is a co-owner and co-borrower on the loan.
Q6: When will Prestige Falcon City Reserve be ready to move in?
The project is expected to be finished and ready for families by December 2031.