Prestige Raintree Park FAQs
Prestige Raintree Park FAQs is a list of questions and informative answers that help buyers understand The Prestige Raintree Park Township in Whitefield East Bangalore. FAQ stands for FREQUENTLY ASKED QUESTION. It also helps buyers know how apartments can be purchased, how to book apartments, how the cancellation process goes, and the most common questions buyers ask about Raintree Park.
Prestige Group is launching its Biggest Township project, Prestige Raintree Park, at Varthur Road, Whitefield, one of Bangalore, most sought-after neighbourhoods. It is one of the biggest launches in 2024 in the history of Real Estate in Bangalore. The commonly asked questions by homebuyers about Prestige Raintree Park will help new buyers clear their doubts and make the best choice in investing in the property.
Here are the top 60 FAQs OR most frequently asked questions about the Prestige Raintree Park project by buyers or Investors at Varthur Road, Whitefield Bangalore East.
Prestige Raintree Parkis a premium, luxury, high-rise apartment community that is part of the largest integrated Township of Bangalore. This Township consists of IT tech Mark, a Forum Mall, and premium Apartments by Prestige Group. Strategically located at SH 35, Varthur Road, Whitefield, offering excellent connectivity to the core city by ITLP Road, Whitefield Main Road, and Varthur Road. The Township is a perfect place for those who seek to live close to nature and, at the same time, want to have easy access to the city center. Surrounded by IT Hubs r and Varthur Lake on one side.
Prestige Raintree Park Address: Amani Bellandur Khane Village, Varthur Hobli, Bengaluru East, Bengaluru Urban, Karnataka - 560001.
- District: Bengaluru Urban
- Taluk: Bengaluru East
- Pin Code: 560001
- Latitude: 12.9534075
- Longitude: 77.7447296
Spread over an expansive 21 acres of land, phase 1 of the project comprises 1520 in 18 towers, with each G+19 tall tower. This new Prestige Whitefield project will offer residents elegantly designed 3, 3.5, 4, and 5 BHK apartments with servant room, to allow optimum privacy, ventilation and greenery
The New Township project by Prestige Group, Prestige Raintree Park launching in 2024 at Varthur Road spread over 21 Acres. The project has the unique advantage of being right next to Varthur Lake and protected green cover. It enjoys a green neighborhood, which adds up to lush green lung space.
Distance from key locations
- Varthur Kodi Bus Stop – 1.2 km
- Whitefield – 4.2 km
- Marathahalli – 7.4 km
- Electronic City – 20.3 km
- Forum Value Mall Bus Stop – 1.6 km
- Kadugodi Tree Park Metro Station – 6.4 km
- Hope Farm Metro Station – 6.5 km
- Whitefield Railway Station – 8.7 km
- Hoodi Halt Railway Station – 10.9 km
- Kempagowda Airport – 40.5 km
Schools
- Orchid’s School – 6.9 km
- VIBGYOR High School – 6.1 km
- The Sommer School – 1.4 km
- Jyoti English School – 7.4 km
- MVJ School – 8.6 km
- VIBGYOR High School – 6.1 km
- Vagdevi Vilas School – 6.4 km.
Hospitals
- Brookefield Hospital – 7.4 km
- M.G.A Hospital – 7.5 km
- Lions Airport City Hospital – 7.3 km
- Manipal Hospital – 13.6 km
- Hope Hospital – 7.7 km
- Ojus Hospital – 12.9 km
Shopping & Entertainment
- Virginia Mall – 8 km
- The Forum Mall – 8.3 km
- Park Square Mall – 7 km
- Inorbit Mall – 7.8 km
Business & IT Parks
- Prestige Group Tech Park – 9.4 km
- Global Technology Park – 11 km
- PMind Comp Tech Park – 8 km
- SCB Brigade Tech Park – 6.9 km
- Kalyani Tech Park – 8.8 km
- International Tech Park – 7.6 km
- HM Tech Park – 5.8 km
Zachariah Consultants are the architects of this new upcoming project Rain Tree Park at Whitefield. Design Tree Service Consultants are the Structural Engineers of the grand Township Project designed with spacious floor plan of 3, 3.5, 4 and 5 BHK Apartments.
Prestige Raintree Park at Whitefield offers 1520 Apartments for sale in 18 towers with with G+18 floors. The Luxury Project Prestige Varthur offers premium 3, 3.5, 4, and 5 BHK Apartments with size ranges 2004 sq. ft. to 3698 Sq. Ft. Here are the different types and sizes of apartments available for sale at Raintree Park by Prestige Bangalore.
| Apartment Types | Sizes |
| 3 BHK URBANIA (3B + 3T) | 2004 - 2020 Sq Ft |
| 3 BED REGALIA (3B + 3T) | 2121 - 2414 Sq Ft |
| 4 BED IMPERIA | 2226 - 2588 Sq Ft |
| 4 BED INFINIA | 2924 - 2968 Sq Ft |
| 5 BED AURUM SUITES | 3503 - 3698 Sq Ft |
Yes, there is a club house with 1 Lakhs sq. ft. The project is complemented by a Fully Equipped Clubhouse, which includes a Gym, Squash, Spa, Kids Pool, Pharmacy, Clinic, Saloon, 4 Guest Bedrooms, Indoor Badminton Court, Banquet Hall, Billiards, Temperature Controlled Swimming Pool, Conference Room, and Indoor Games Room.
Yes, Prestige Raintree Park is a Phase 1 development of the projects which spread across 21 acres out of 107 acres. The phase 1 is scheduled for completion by Dec 2028 with a grace period of 6 months. The Phase 2 of the projects is called as Prestige Evergreen which will be launched on 2026.
- Please identify your apartment from available options by visiting the sales office in person.
- Fill in the booking form and provide all KYC documents.
- Pay the initial booking fee of 10% by cheque/DD favoring ‘’Prestige Raintree Park Projects, together with essential supporting documents.
On payment of 10% of the sale value and after the submission of KYC documents, the allotment will be confirmed.
On realization of the initial payment amount of 10%, buyers will be required to issue a post- dated cheque for the balance PDCs for the instalments in 15 days, against which a letter of allotment will be issued. Agreements will follow after the end of the allotment process.
Instalments are to be paid by post-dated cheques which is a precondition of allotment. The schedule of payment is time bound as it is mentioned in the payment schedule. In the case of a home loan, these PDCs are held as collateral and will be returned at the time of possession.
Why should you want to miss a strategically located and meticulously designed project? But, if you wish to cancel after the booking of units, 2% of the sale value is forfeited before the Agreement, and 10% of sale value is forfeited after the Agreement as a cancellation fee. The balance amount will be returned (subjected to statutory deductions) without any interest.
Kindly Note:
- Cancellation will attract GST charges as applicable.
- 5% GST paid on installment towards the house would not be refunded.
Prestige Raintree Park has been master planned with a theme in design and all external and internal finishes are carefully chosen. Considering the timeline of delivery and theme we are unable to accept any changes/modifications.
Legal due diligence has been done for Prestige Raintree Park. The land is freehold, marketable, and it is free from all encumbrances and approved under the Government of Karnataka (GOKA).
The development plans have been sanctioned by GOKA.
Yes, the project is approved by Karnataka RERA Board, the RERA Registration number – PR/270824/006981.
The Documents that need to be signed are an Agreement to Sell, followed by a Sale Deed upon the finish of the project.
Registration of the sale deed is done on completion of the development and payment of the wholesale consideration, including the additional charges.
Yes, we have selected all the Banks or HFIs that will give loans to customers based on their eligibility criteria.
Assignment, subject to the discretion of Prestige, can be done only after the Agreements are signed, PDCs given, 4 installments paid, and the new party complies with the terms & conditions of the Principal Agreement. A transfer fee of Rs.500/- per sq. ft plus GST charges, as applicable, will be levied. If buyers availed loan, then they will be required to retrieve and hand over all documents issued by Prestige Vaishnaoi Projects to the bank / HFI along with the loan closure letter. Please note that transfer will be done when there are no dues.
We endeavor to complete and hand over the project as per committed timelines. But, for reasons beyond our control, if the project is delayed, Prestige will pay compensation* as per RERA guidelines set by the Karnataka Government.
BWSSB charges, Sinking fund & Advance Maintenance, GST, Generator charges, Registration & Stamp Duty Charges, and any other statutory charges as applicable. GST charges will be collected with the booking amount and installments till possession.
Other Charges consist of the following amount
- Khatha Assessment and Bifurcation Charges @ 25,000/- per apartment
- Generator Charges @ 70/- psf
- BESCOM Charges @ 75/- psf
- BWSSB Charges @ 75/- psf
- CAM for 12 months @ 72/- psf
- Maintenance Corpus @ 72/- psf
It is the buyer’s responsibility to ensure we make timely disbursement of installments from HFIs and no demand to the HFIs. To facilitate easy payments, buyers must agree to a determined payment schedule and issue a mandate to the Bank to disburse all the payments as per the schedule. It will be done through a ‘Mandatory Disbursement Form’ at the time of signing of the Sale Agreement.
The maintenance team will be taken care of by Prestige Property Management and Services. You can rest assured Prestige Raintree Park will be cared for by professionals.
No, you are not permitted to shift your booking either to a different apartment or to a different project.
The scheme for maintenance is as follows.
- A sum of Rs. 60/- per sq ft. is charged as an advance maintenance fee for 1st year and will be collected at the time of closing of accounts. From the second year, these charges will be on a quarterly basis, payable in advance. All future payments must be made in favor of the property.
- An additional sum of Rs. 200/- per sq. ft. for the super built-up area will be collected as a Sinking Fund. It will be deposited in Escrow Accounts and the accruals will be used for any major expenditure.
The prices are subject to change from time to time, subject to the discretion of Prestige Group Bangalore
Water will be obtained through available groundwater and BWSSB supply. Rain Water Harvesting, Water Recycling Plants, and other ways for optimum use of water resources are planned.
Please contact website : https://www.prestigesraintreepark.info/ OR email us at: properties@prestigeconstructions.com. OR contact us call: 8861265544 Corporate Office: SH-35, Varthur, Whitefield Main Road, Bengaluru, Karnataka 560087.
The lavish residential project is spread out on an area of 107 acres. The project is launching in 3 phases: phase 1 spans over 21 acres and phases 2 and 3 cover 27 acres and 25 acres of commercial space.
The housing project is at Varthur, Whitefield, in the eastern zone of Bangalore. The sprawling enclave has homes in layouts of 3, 4, and 5 BHK. These Vaastu-compliant homes are well-ventilated and well-lit living areas. The area is well-connected and is also served by the metro line. There are plenty of essential services in the neighborhood, and residents have comfortable modern lives.
Distances of Major Areas:
- Kempegowda International Airport, 40 kilometers
- Whitefield, 3.9 kilometers away
- Electronic City is 23.1 kilometers away
Hospitals, Schools, and Colleges in the Area:
- Manipal Hospital
- Sahasra Hospital
- New Horizon College of Engineering
- Chrysalis High
Malls in the Area:
- Virginia Mall
- Nexus Whitefield
The high-end enclave is designed to meet all the needs of modern homeowners. The project has the best facilities, such as a state-of-the-art swimming pool and gymnasium. There is also a grand clubhouse in it. There are many facilities for games and sports here as well.
The township offers premium apartments in sizes 3, 4, and 5 BHK with a carpet area ranging between 2005 sq. ft. and 3700 sq. ft.
The different layouts and sizes of the homes in the enclave are:
| Types | Carpet Area | Price |
| 3 BHK | 2005 sq. ft. - 2020 sq. ft. | Rs 3 Cr onwards |
| 3.5 BHK | 2187 sq. ft. - 2400 sq. ft. | Rs 3.2 Cr onwards |
| 3+study+maid's room | 2415 sq. ft. - Rs 2588 sq. ft. | Rs 3.62 Cr onwards |
| 4 BHK | 2800 sq. ft. - 3000 sq. ft. | Rs 4.2 Cr onwards |
| 5 BHK | 3500 sq. ft. - 3700 sq. ft. | Rs 5.2 Cr onwards |
Interested clients can visit our office to choose the home of their dreams. They can then make reservations for the home from the builder. Buyers then need to complete the application and provide their KYC documentation. A 10% booking payment by check or direct deposit (DD) must then be made with any necessary supporting documentation.
The buyer must pay 10% of the total amount for allotment. All KYC documentation is to be submitted and will then be verified. Once the process is completed, the allocation will be confirmed.
In order to pay for a home in the project, one must provide postdated checks (PDCs). The builder has time-bound payment schedules available. PDCs are retained as collateral for house loans and are returned upon taking ownership.
GST, electricity, and registration fees are a few of the extra costs that buyers must pay. There will also be other statutory fees and duties that must be paid.
The Project is Approved by major banks such as AXIS, ICICI, SBI and HDFC. All the banks provide provide loans to customers to buy apartments. And this Township project is RERA Approved projects. The Prestige Group has earned the confidence of all major banks and financing organizations thanks to its strong reputation. There will be no problem with getting home loans for Prestige Raintree Park.
The project received the RERA Board approval on 27 Aug 2024. The RERA Reg Number is PR/270824/006981. The Construction has begun, and the project will be completed in 2028, four years from the launch date.
The builder is known for completing its housing projects on time. In the unlikely event that the project is delayed, compensation will be paid according to the RERA guidelines.
Prestige Raintree Park is a Residential/Group Housing that comes under KATHA NO.1233, SY NO. 112/48, 19/1, 19/2, 20, 21/1, 21/2, 21/3, 21/4, 21/5A, 21/5B, 21/6, 21/7, and other survey numbers of RAMGONDANAHALLI VILLAGE, SY NO. 348/1, 348/2, 348/3, 348/4, 348/5, 348/6, 348/7, 349/2, 3, 350/1, 350/2, 350/3, 350/4, 350/5, 351/1, 351/2, 351/3, 351/4, 352/2, 353/1P, 353/2A, 353/2B, 353/3 OF AMANI BELLANDUR KHANE VILLAGE
Prestige Raintree Park represents a unique opportunity for those seeking a luxury and sustainable living environment in Whitefield Bangalore.
Varthur Road isn't just a location, it's a strategic investment in Bangalore's thriving future. Its prime location and ongoing infrastructural development make Budigere Cross attractive to both residents and businesses.
The Prestige Raintree Park Phase 2 is called Prestige Evergreen; the price of these apartments starts from 3.2 Cr onwards.
Irfan Razack is the Chairman and Managing Director of Prestige Group, a real estate developer in India.
Prestige Raintree Park is a massive scale one of its kind premium township project spread across a total area of 107 acres offering 3,3.5, 4, and 5 BHK apartments near the heart of Whitefield East Bangalore. The project offers 80% open space with greenery, a clubhouse, sports courts, landscaped gardens, experience zones, and many more amenities & over 30 acres.
Prestige Raintree Park is a Joint Development Project consisting of Luxury Apartments and Office Spaces.
Prestige Raintree Park comes under Bruhat Bangalore Mahanagara Palike (BBMP) Limits and will have BBMP Approval.
Prestige Raintree Park Project is ‘A’ Katha Project, ‘A‘Katha certified project legally validates that the property has all approvals from the required authorities.
10%+ on the Sale Value is the Booking amount to be paid while blocking the unit at Prestige Raintree Park.
- On Booking, 10% of the sale value is to be paid.
- After the Agreement, 10% of Sale Value.
- And the remaining 80% is divided into equal installments, every 2 months one instalment to be paid.
- These installments will spread till the completion of the project.
- Other Charges like Electricity Charges, Water Connection Charges, Generator Charges, Advance Maintenance charges, etc, have to be paid during the handover of the project.
- Registration charges and Stamp duty charges to be paid while registering the project.
GST for under-construction projects is 5%. The Customer has to pay 5% GST along with every instalment paid to the Builder.
The Customer who purchases Property which is above 50 Lakhs has to pay 1% of the property value to the Government to get the TDS certificate.
In Prestige Raintree Park Projects, clients, while paying instalments to the Builder, have to deduct 1% of the instalment amount and transfer the remaining to the Builder. Later, they have to pay the same amount to the Government to get the certificate.
Once the Customer has paid 10% of the sale value, filled out the booking form, and submitted the KYC documents of the applicant and co-applicant, Allotment of the unit will happen at Prestige Raintree Park.
After the Allotment of the unit Sale Agreement will happen, which may take 15 to 30 days from the date of Booking.
The Agreement for Sale is a contract to transfer property from the promoter to the allotter. It is the legal document that outlines the terms of the transactions. It is the roadmap for how property transactions will be completed in the future.
0.5% on the Sale Value is the Franking Charge.
Yes, after signing a sale agreement, customers can opt for a bank loan for the remaining Instalments. Usually Banks will fund up to 90% of the property value.
Yes, Terms and conditions for resale will be applicable.
- Step 1: Call -08861265544 or enquire about the above form
- Step 2: Check with our property expert for Project details like brochure, price list, payment schedule, Specifications, Features, Model Apartment videos, project tour, approvals, etc.
- Step 3: Check the availability of your preferred units with our property expert in the Prestige Raintree Park.
- Step 4: If your desired unit is available, Check the exact pricing and payment schedule of the particular unit.
- Step 5: Inform our Property expert to block the unit by giving the applicant's name and the applicant's name and take the booking form and bank account details for transferring the Booking or token amount.
- Step 6: Please fill out the Booking Form and send it along with the KYC documents of the applicant and co-applicant, and transfer the token or booking amount to the project's bank account.
- Step 7: Receive the email from the Prestige Stating Booking Confirmed. These are steps to block the units online.
Highlights of Prestige Raintree Park
| TYPE | APARTMENT |
| PROJECT STAGE | Ongoing |
| LOCATION | WHITEFIELD, BANGALORE |
| BUILDER | PRESTIGE GROUP |
| FLOOR PLANS | 3, 4, & 5 BHK |
| TOTAL LAND AREA | 107 ACRES |
| Starting Price | Rs. 2.94 Crores* Onwards |
| RERA ID | Approved |
| LAUNCH DATE | August 2024 |
| POSSESSION DATE | December 2028 |
| PRICE | INR 2.94 CR – 5.2 CRORE |
| NO. OF TOWERS | 18 |
| NO. OF PHASES | 3 (PHASE 1 – 28 ACRES, PHASE 2 & 3 – 27 ACRES EACH) |
| FLOORS | 19 |
| UNITS | 1520 |
| Enquiry |