Prestige Falcon City Reserve EOI Amount and Process Explained
Getting the Prestige Falcon City Reserve EOI Amount and Process Explained in simple words is the best way to buy a luxury home in South Bengaluru at the lowest early price. To book a flat before the main launch, buyers need to give a 100% refundable Expression of Interest (EOI) token amount starting from ₹12 Lakhs for a 2 BHK up to ₹30 Lakhs for a 4 BHK. The process is very simple: you pick your favorite flat size, fill out a basic ID form, and give a cheque or online payment to Prestige Estates Projects Limited. In return, you get a Priority Token Number to choose your flat first on the launch day.
Project Snapshot: Prestige Falcon City Reserve (Phase 2)
Here are the main facts about this new Phase 2 project on Kanakapura Main Road so you can quickly understand the details:
| Project Feature | Official Details |
|---|---|
| Project Name | Prestige Falcon City Reserve (Phase 2 Township) |
| Developer | Prestige Estates Projects Limited (Prestige Group) |
| Location | Kanakapura Main Road, Konanakunte Cross, South Bengaluru – 560062 |
| Land Area & Open Space | 41 Acres Total Land (75% Open Green Space) |
| Towers & Structure | 7 Tall Towers (Ground + 30 Floors) |
| Total Units | 2,520 Apartments |
| Unit Configurations | 2 BHK, 3 BHK, and 4 BHK Homes (1,240 to 2,726 sq. ft.) |
| Key Landmarks | Opposite Konanakunte Cross Metro Station & Next to Forum South Bengaluru Mall |
| Possession Timeline | December 2031 |
Prestige Falcon City Reserve EOI Amount Breakdown
An Expression of Interest (EOI) is an early booking window started by the builder before the main launch to see how many people want to buy a flat. At Prestige Falcon City Reserve, the token money depends on the flat size you want, and it is equal to about 10% of the early base price.
Note for Buyers: Until the Karnataka RERA (K-RERA) number comes out, the builder keeps your EOI cheque safe without taking the money from your bank, or keeps it in a safe bank account. Once RERA is approved and you get your flat number, this EOI money becomes your first 10% booking payment.
| Apartment Type | Super Built-Up Area | Estimated Base Price | Required EOI Amount | Refund Status |
|---|---|---|---|---|
| 2 BHK Luxury | 1,240 – 1,379 sq. ft. | ₹1.40 Crore* Onwards | ₹12 Lakhs – ₹14 Lakhs | 100% Refundable |
| 3 BHK Medium (2T) | 1,830 – 1,890 sq. ft. | ₹2.00 Crore* Onwards | ₹20 Lakhs | 100% Refundable |
| 3 BHK Large (3T + Study) | 1,900 – 1,970 sq. ft. | ₹2.25 Crore* Onwards | ₹22.50 Lakhs | 100% Refundable |
| 4 BHK Extra Large (+ Study) | 2,450 – 2,726 sq. ft. | ₹3.00 Crore* Onwards | ₹30 Lakhs | 100% Refundable |
*Base prices do not include 5% GST, 5% Stamp Duty, 1% Registration Charges, water and power charges (BESCOM/BWSSB), and high-floor charges.
Step-by-Step EOI Process Explained
Giving an EOI for Prestige Falcon City Reserve is very easy and safe. Just follow these six simple steps to get your early booking pass:
- Meet the Official Sales Team: Visit the Prestige Falcon City office at Konanakunte Cross or talk to an official RERA partner to see the project map and flat plans.
- Pick Your Flat Size & Choices: Choose the flat size you want (2, 3, or 4 BHK) and write down your top three choices for the tower, floor number, and door direction (like East or North facing, or park view).
- Fill Out the EOI Form: Fill in the official Expression of Interest form with your phone number, address, family nominee name, and flat choices.
- Give Basic ID Proof (KYC): Attach signed copies of your PAN Card, Aadhaar Card, and one passport-size photo. NRI buyers need to give a copy of their Passport, OCI/PIO card, and NRE/NRO bank details.
- Give the EOI Payment: Give a cheque, demand draft, or online payment receipt written in the name of "Prestige Estates Projects Limited" for the EOI amount that matches your flat size.
- Get Your Priority Token Number: Once the sales team checks your ID papers and payment, they will give you an official receipt with your Priority Token Number. Flats are given on a First-Come, First-Served basis using this token number.
Top 4 Benefits of Submitting an EOI Early
Why do smart homebuyers and investors book during the EOI stage instead of waiting for the main launch?
- Save Money with Early Prices: Early EOI buyers get the lowest base price (starting around ₹10,500 to ₹11,500 per sq. ft.) before the launch price goes up to ₹14,000 per sq. ft. This helps you save ₹15 Lakhs to ₹25 Lakhs right away depending on the flat size.
- First Choice of the Best Flats: Corner flats, high floors, Vastu-friendly East and North doors, and park-facing balconies always sell out on the first day. An early token number puts you at the front of the line.
- Discounts on Extra Charges (Limited Time): During the EOI stage, the builder often gives special offers like cutting down charges for higher floors or best view locations.
- No Money Risk (100% Refundable): If you do not get the flat you want on launch day, or if you change your mind before signing the final Sale Agreement, you get 100% of your EOI money back without losing a single rupee.
What Happens After You Submit Your EOI? (Post-EOI Payment Plan)
Once the project gets the K-RERA certificate and booking opens, the builder calls token holders one by one to pick their exact flat number. After you lock in your flat, you follow an easy 10:10:80 Construction-Linked Payment Plan:
- Stage 1 – Booking Confirmation (10%): Your EOI token money is used as the first 10% booking payment.
- Stage 2 – Sale Agreement Signing (10%): Within 30 to 45 days of getting your flat number, you pay the next 10% and sign the legal Sale Agreement. Top banks (like SBI, HDFC, ICICI, and Axis) give home loans at this stage.
- Stage 3 – Construction Steps (80%): You pay the remaining 80% in small parts of 5% to 10% over 5 years (60 months) as the building gets built step by step (Foundation, Floor slabs up to Floor 30, Brick walls, Flooring/Plumbing, and Final Handover).
