Prestige Falcon City Phase 1 vs Phase 2 What’s Different?
The main difference is the construction stage, tower numbers, and how you buy the flat. Phase 1 is a fully ready-to-move community covering the first five towers (Buildings 1 to 5). Here, you can only buy a resale home from an existing owner. Phase 2 covers both the later towers (Buildings 6 and 7) of the first plan and the brand-new extension—often called Prestige Falcon City Reserve (or Luxe). Phase 2 gives you new flats, better room designs, and easy payment plans directly from the builder.
If you want to move in right away with zero waiting risk, Phase 1 is the best choice for you. If you want to buy a brand-new home directly from the builder and pay in small steps over time, Phase 2 is made for you.
Understanding the Master Plan Confusion: Why Buyers Get Stuck
Before you check prices and floor plans, you need to clear up a common doubt in the Kanakapura Road market. When property agents talk about "Phase 2," they usually mean one of two things:
- The Original Master Plan Split (Buildings 6 & 7): The original 41-acre Prestige Falcon City project (with 2,520 total flats across 7 tall towers) was divided into two parts. Phase 1 had Buildings 1 to 5 (G+31 floors), while Phase 2 had Buildings 6 and 7.
- The New Expansion Phase (Prestige Falcon City Reserve / Luxe): Prestige Group is bringing a brand-new set of towers at Survey No. 67 in Konanakunte because many people want to live in South Bangalore. This new launch has its own waiting time, new prices, and a separate RERA number.
Quick Comparison: Prestige Falcon City Phase 1 vs Phase 2
To help you decide quickly, this simple table shows how the two phases compare across important buying points:
| Feature | Prestige Falcon City Phase 1 | Prestige Falcon City Phase 2 (Original Bldgs 6-7 & New Reserve Phase) |
|---|---|---|
| Current Status | Completed & People Living Here (Ready-to-Move) | Later handover / New Launch Towers |
| Buying Mode | Resale Only (buy from current flat owners) | Direct from Builder (New Launch) or Early Resale |
| Towers Covered | Buildings 1, 2, 3, 4, and 5 (G+31 Floors) | Original Buildings 6 & 7 + New Towers |
| Unit Configurations | 2 BHK, 2.5 BHK, 3 BHK, and 4 BHK | Big 2 BHK, 3 BHK, and 4 BHK flats |
| Size Range (SBA) | 1,204 sq. ft. to 2,726 sq. ft. | 1,240 sq. ft. to 2,726+ sq. ft. |
| Indicative Pricing | ₹2.40 Cr to ₹5.44 Cr (Resale Market Price) | Starts around ₹1.40 Cr to ₹3.50+ Cr (Base Launch Price) |
| GST Applicability | No GST (Ready-to-move with Occupancy Certificate) | 5% GST applies on under-construction flats |
| RERA Registration | PRM/KA/RERA/1251/310/PR/170913/000114 | Separate RERA number needed for the new phase |
5 Key Differences Explained in Detail
1. Possession Timeline and Risk
- Phase 1: You can walk into the actual flat, check the sunlight and fresh air from the balcony, talk to neighbors, and move in right after registration. It is also great if you want monthly rent right away, which is around ₹32,000 to ₹75,000+ per month depending on the flat size.
- Phase 2: If you book a flat in the new phase (Prestige Falcon City Reserve), you are buying an under-construction home that will take 4 to 5 years to finish. You wait longer to get the keys, but your property value grows while it is being built.
2. Pricing, Payment Plans, and Hidden Costs
- Phase 1: Since Phase 1 is a resale market, flat owners ask for the current market price—around ₹18,000 to ₹20,000+ per sq. ft. depending on the woodwork inside and the floor level. Also, you must pay the full money quickly (using your savings and a bank loan) within 30 to 60 days. The good news is that you pay zero GST.
- Phase 2: New launch flats have a lower starting price (around ₹14,000 to ₹15,300 per sq. ft. at base launch) and let you pay in small parts over a few years as the building comes up. However, you have to pay extra for GST, high-floor charges, clubhouse fees, and maintenance deposits on the builder's price sheet.
3. Floor Plans and Interior Specifications
- Phase 1: Built around 2015 styles, Phase 1 has compact 2 BHKs (1,204 sq. ft.), 2.5 BHKs (1,366–1,379 sq. ft.), 3 BHKs (1,588–2,140 sq. ft.), and big 4 BHKs (2,689–2,726 sq. ft.). The flats get good light and follow Vaastu rules, but the lobby areas and bathroom fittings are now a few years old.
- Phase 2: The new towers have more open layouts with wider balconies, small work-from-home corners in 3 BHK flats, better floor tiles, and modern smart-home plug points.
4. Amenities and Township Ecosystem
Both phases enjoy the big benefits of living in a massive gated community on Kanakapura Main Road. Residents can walk right next door to the huge Forum Mall South Bangalore, so they do not have to sit in weekend traffic.
- Phase 1 Residents: Can already use the grand clubhouse, swimming pool, squash and badminton courts, gym, open-air theater, and walking paths.
- Phase 2 Buyers: Will get brand-new play areas, new and fast lifts with less wear and tear, and modern office lounges built for people who work from home.
5. Document Verification Process
- Buying in Phase 1: Needs a resale paper check. You must check the first Sale Deed, Mother Deed, A-Khata paper, latest property tax receipts, Occupancy Certificate (OC), and a No-Dues letter from the apartment owners' group.
- Buying in Phase 2: Needs a simple builder paper check. You only need to check the RERA number on the Karnataka RERA website, land papers for Survey No. 67, and the official booking letter from Prestige Group.
Location Advantage: Why Both Phases Command High Demand
Whether you pick Phase 1 or Phase 2, you are buying a home in one of South Bangalore’s best areas in Konanakunte (Pin Code: 560062):
- Metro Connectivity: Just 100 to 500 meters walking distance from the Konanakunte Cross Metro Station (Namma Metro Green Line), taking you easily to Jayanagar, Majestic, and North Bangalore.
- Road Network: Located right on Kanakapura Main Road, just 2 km from NICE Ring Road (helping you reach Electronic City in 25 minutes) and 4 km from the Outer Ring Road.
- Social Infrastructure: Right next to Forum South Mall, and within 5 km of top schools (Delhi Public School, Kumaran’s, DAV Public School) and big hospitals (Apollo, Fortis, Vasavi).
Which One Should You Buy?
- Choose Prestige Falcon City Phase 1 if: You want to stop paying house rent right now, want to see the actual flat and view before buying, want to save money on GST, or want monthly rent income from day one.
- Choose Prestige Falcon City Phase 2 if: You want to invest early at a lower launch price, want a brand-new unused flat, or want to pay the money slowly over 3 to 4 years with an easy home loan.
