Prestige Padi Cost Sheet and Charges

The main flat cost comes from multiplying the total floor area by the base rate of ₹13,500 per sq. ft. for each apartment size.

This basic price covers the core frame, wall plastering, conduit lines, and floor tiles. The final cost moves up or down based on the exact tower wing, balcony size, and view.

The detailed bill lists extra costs for parking spaces, club amenities, and floor levels that sit on top of the base apartment rate.

• Floor Rise Fees: Flats on the 5th floor up to the 16th floor cost an extra ₹25 to ₹45 per sq. ft. per floor for better fresh air and open views.
• Preferred Location Charges (PLC): Flats facing the green parks or the large 60,000 sq. ft. clubhouse carry an extra charge of 3% to 5% on the base price.
• Covered Car Parking: A safe, covered basement parking spot costs between ₹3,00,000 and ₹4,50,000 per bay.
• Clubhouse Membership: A one-time payment of ₹2,00,000 to ₹3,00,000 gives the family entry to the indoor courts, gym, swimming pool, and work suites.
• Advance Maintenance Fund: Upkeep runs around ₹5 to ₹7 per sq. ft. each month, and you need to pay 24 months in advance before key handover in late 2031.

Infrastructure charges cover the physical link between your flat and the main utility lines serving the whole neighborhood.

• Electricity Supply: Setting up power lines, safety panels, and meter boards costs ₹1,50,000 to ₹2,50,000 per flat.
• Water & Sewage Grid: Linking your unit to the drinking water lines and on-site water treatment plant costs ₹1,00,000 to ₹1,75,000.
• Backup Generator Power: A backup power hookup for lights and appliances costs between ₹75,000 and ₹1,25,000.
• Piped Gas Grid: Safe gas lines built into the kitchen run at a flat rate of ₹35,000 to ₹50,000.

Government taxes and registration dues are fixed by Tamil Nadu state rules and must be paid as the building comes up.

• Goods and Services Tax (GST): A standard 5% GST applies to the construction value of your flat during the building phase.
• Tamil Nadu Stamp Duty: The state government charges a 7% stamp duty calculated on the total flat agreement value.
• Property Registration Fee: You pay a 4% fee to register the sale deed at the local registrar's office.
• Legal and Scrutiny Fees: Checking property titles, builder agreements, and bank loan files costs a one-time fee of ₹35,000 to ₹55,000.

Prestige Padi uses an even ten-stage construction-linked plan where buyers pay 10% of the flat price at each major work step.

• Booking Deposit: Pay 10% to book your flat and lock the launch price.
• Sale Agreement Signing: Pay 10% when you sign the formal sale agreement within 30 to 45 days.
• Site Excavation: Disburse 10% once basement digging is complete.
• Plinth Level: Release 10% after the ground foundation concrete is set.
• Basement Slabs: Pay 10% when the lower vehicle parking floors are finished.
• Ground Floor Slab: Disburse 10% after the ground floor roof is cast.
• Upper Floor Slabs: Release 10% across the middle tower floors.
• Internal Flooring: Pay 10% once tile work and internal plastering are done.
• Plumbing and Wiring: Disburse 10% as pipes, wires, and fixtures go in.
• Key Handover: Pay the final 10% at possession with your occupancy certificate.

Home loans are available from major public and private banks to cover up to 80% of the flat price on this milestone plan.

• Pre-EMI Plans: You pay interest only on the money the bank sends to the builder as each floor is completed. This keeps your monthly payment low during construction.
• Full EMI Plans: You start paying the full monthly loan amount right away, which helps pay off the principal faster.
• Approved Banks: Top lenders like SBI, HDFC Bank, ICICI Bank, and Axis Bank handle fast loan files for this project.