Rs 56 lakh plus GST: what the Prestige Parklane price actually covers

Every price on the Prestige Parklane price sheet is built the same way: the figure includes the car park and the floor rise, and GST on sale value is payable at 5% on top. That is genuinely more transparent than the industry norm. It is also easy to read as the full cost, which leaves some buyers short at possession, because GST, other charges and registration all sit outside it.

The short answer

The headline price covers the home, one car park and the floor rise. GST at 5 per cent is added to the sale value with each instalment, and registration and stamp duty sit outside it. A second set of charges, listed on the price sheet as Other Charges, also falls due in full when you are called to take possession.

On a 571 sq ft one bedroom that second set is about ₹2.86 lakhs including GST. On the largest 1,801 sq ft three bedroom it is about ₹8.37 lakhs. The price sheet prints these charges before GST, so the full figure is easy to miss until late. Confirm in writing exactly what the price covers for your unit before you sign. Prices are valid till 27 September 2026.

The published prices

Each is the lowest price in that configuration. The top of the range is ₹1.92 crore, for a 1,801 sq ft 3 BHK Ultima on the 21st to 24th floors. The price sheet sets seven floor bands, from the ground floor to the 21st–24th floors, and a higher floor or a larger layout costs more; from the ground floor to the top band the difference is typically ₹5–8 lakhs. That floor rise and one car park are inside the price rather than added as separate lines. Bigger homes carry the lower rate per sq ft.

What lands on intimation of possession

These are printed on every price sheet as Other Charges, per apartment and before GST: ₹2,61,965 on a 571 sq ft home and ₹7,72,415 on a 1,801 sq ft home. Here they are worked through with GST on a one bedroom and the largest home.

Our arithmetic on the developer's published rates. Treat it as an order of magnitude, not a quotation.

Two of those deserve a second look.

The generator charge is what buys apartment backup. The specification gives generator power to common areas as standard. It describes 100% backup to apartments as available at additional cost. This line is that cost.

The maintenance corpus is a reserve, not a fee. It is held by the association for major capital work rather than consumed by running costs, and it passes with the unit on transfer. It still has to be funded in cash.

The same charges across every configuration

And registration, which is outside everything

In Karnataka, on a property above ₹45 lakhs, the total is 7.5 per cent of consideration. That is made up of 5 per cent stamp duty, 0.5 per cent municipal cess and a 2 per cent registration fee. On a ₹56 lakh one bedroom that is about ₹4.20 lakhs. On a ₹1.92 crore three bedroom, about ₹14.40 lakhs. The registration fee rose from 1 to 2 per cent on 31 August 2025. A good deal of published Bengaluru content still carries the old number, which leaves buyers short at the sub registrar.

The real number to budget

Put the four together: the headline, GST at 5 per cent, the possession charges, and registration.

That is before you have bought a light fitting. It is not a criticism of the pricing. It is what every apartment in Karnataka costs above its headline, and this developer at least publishes the components rather than revealing them one demand letter at a time. The point is to budget the total rather than the headline. A lender typically funds the agreement value and leaves the rest to you.

One more thing the kitchen does not include

The specification states, in as many words, that no counter or dado is provided in the kitchen. The room is handed over with vitrified tile flooring and a provision for an exhaust fan. Fitting it out is yours. On a one bedroom that is a five figure sum. On a three bedroom it can run well past a lakh. It surprises people every time.

When each part of the money is due

The totals above arrive at three different moments, and that matters as much as the size.

• Across 2026 to 2030: the headline price plus GST, on the date-linked schedule. 10 per cent on booking, 10 per cent on agreement, 24 instalments of 3.2 per cent every two months from 10 December 2026 to 10 October 2030, and 3.2 per cent on intimation of possession on 31 December 2030.
• At registration of the agreement: stamp duty, cess and registration fee, at 7.5 per cent.
• At intimation of possession: BESCOM, BWSSB, generator, advance CAM, corpus and the assessment charge, all at once, with GST.

The last one is the trap. It lands in a single lump at the end of a four year purchase, alongside the kitchen fit-out and the move itself.

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