Prestige Falcon City Phase 1 Resale Price in 2026

Published On: 25 June 2026

Prestige Falcon City Phase 1 resale flats cost between ₹19,300 and ₹28,500 per sq. ft. as of June 2026. This ready-to-move-in housing society by the Prestige Group is highly popular because it sits right next to the Konanakunte Cross Metro Station. People looking for a home in the prestige falcon city phase 1 resale price in the 2026 Bangalore market will find that prices have gone up by 12% over the past year. This increase is happening because the builder has sold out all the original flats, leaving the resale market as the only way to buy here. This simple guide breaks down the actual costs, monthly rental income, and key details you need to know before buying.

Project Overview and Key Dates

Prestige Falcon City Phase 1 is a finished, luxury gated community on Kanakapura Main Road with the official RERA number PRM/KA/RERA/1251/310/PR/170913/000114. The builder started construction on this 41-acre property in December 2014 and began handing over the keys to buyers in December 2020.

Quick Facts:

Property Type: Large Apartment Township
Area Location: Konanakunte Cross, Kanakapura Road, South Bangalore
Current Status: Ready to Move In (Holds full Occupancy Certificate)
Flat Types: 2 BHK, 2.5 BHK, 3 BHK, and 4 BHK apartments
Size Range: 1,204 sq. ft. to 2,726 sq. ft.
Total Flats: 2,520 homes built across high towers with 31 floors

People who bought these homes when the project first launched have seen their investment more than double in value. The society includes a massive clubhouse, beautiful green parks, swimming pools, and the Forum Falcon City Mall right outside the residential gates.

2026 Resale Price List by Flat Size

If you are looking to buy a resale flat in Prestige Falcon City Phase 1 this year, prices generally start at around ₹2.25 Crores for a standard 2 BHK. For the largest 4 BHK luxury homes, the price can go all the way up to ₹7.00 Crores.

Price Comparison: January 2026 vs June 2026

Flat Type	Flat Size (Sq. Ft.)	Resale Price (Jan 2026)	Resale Price (June 2026)	Value Growth
2 BHK	1,204 – 1,379	₹2.10 Crore	₹2.25 - ₹2.55 Crore	+7.1%
2.5 BHK	1,361 – 1,420	₹2.50 Crore	₹2.65 - ₹2.85 Crore	+6.0%
3 BHK	1,591 – 2,104	₹2.95 Crore	₹3.11 - ₹4.30 Crore	+5.4%
4 BHK	2,689 – 2,726	₹5.50 Crore	₹5.90 - ₹7.00 Crore	+7.2%

Buying Tip: Flats on the 15th floor or higher usually cost about ₹50 to ₹100 more per sq. ft. because they offer beautiful, open views of the South Bangalore skyline.

Real Owner Reviews and Community Life

Recent online prestige Falcon City phase 1 resale price in 2026 reviews show that residents give the property a high 4.3 out of 5-star rating. Families living here love the regular water supply, excellent security guards, 100% power backup, and clean walking paths.

A few owners mention that visitor parking can take a bit of time during busy weekend hours because the security checks are very strict. However, most people agree that the buildings are very well-maintained, which keeps the property values high compared to other old buildings in the area.

Monthly Rent and Passive Income

Renters are more than happy to pay a bit extra to live here because they can easily walk straight into the metro station or the shopping mall. This means they never have to worry about getting stuck in painful traffic jams to go shopping or get to work. Plus, the community sits very close to excellent schools and great hospitals, which makes daily life incredibly easy and convenient for families.

Expected Monthly Rent:

2 BHK Flats: ₹45,000 to ₹55,000 per month
3 BHK Flats: ₹65,000 to ₹80,000 per month
4 BHK Luxury Flats: ₹90,000 to ₹1,15,000 per month

Renters are glad to pay a bit more to live here because they can walk right into the metro station or the shopping mall. They can skip the frustrating traffic completely when they want to commute or go shopping. On top of that, the neighbourhood is very close to good schools and hospitals, which makes life incredibly convenient for families.

Metro Links and Nearby Landmarks

The main reason this property costs more is its amazing location. It sits right on Kanakapura Road, making your daily drive simple and smooth. Plus, you live incredibly close to popular neighborhoods like JP Nagar, Jayanagar, and Banashankari, so everything you need is just a short trip away.

Distance to Key Places:

NICE Road Entry: 10 minutes away (Easy drive to Electronic City and Mysore Road)
Forum Falcon City Mall: 0 minutes away (Right next to the residential area)
Hospitals: Astra Hospital and Fortis Hospital are within a 5 to 12-minute drive
Work Hubs: Global Village Tech Park is easily reachable via the local metro train

Simple Resale Return Calculator

If you want to estimate your potential investment returns, use our simple calculator below. Select your preferred flat size and current price to see the total initial cost and estimated future value.

Quick Checklist for Resale Buyers

Buying a resale flat requires checking a few specific legal documents to ensure your investment is completely safe:

A Khata Certificate: Make sure the seller has a valid BBMP 'A' Khata document under their own name.
Occupancy Certificate (OC): Double-check that the building has an official OC, which you need to get a bank home loan.
Society Transfer Fees: Ask the owner or the resident association about the fee charged to change the name on the property allotment papers.
No-Dues Certificate: Ensure the current owner has cleared all past maintenance bills, electricity dues, and property taxes.

Prestige Group Prelaunch Project is Prestige Falcon City Luxe.

FAQs

1. What is the average square foot price in Phase 1 right now?

The price ranges from ₹19,300 to ₹28,500 per sq. ft., depending on the floor level and how nicely the flat is renovated.

2. Can I get a bank home loan for a resale flat here?

Yes, all major banks like SBI, HDFC, and ICICI offer home loans for resale flats in this project because it has a clean Occupancy Certificate.

3. Do I have to pay GST on a resale flat?

No, you do not have to pay any Goods and Services Tax (GST) on ready-to-move-in resale properties that are already finished and hold an OC.

4. How much is the monthly maintenance cost?

Owners pay around ₹4.50 to ₹5.50 per sq. ft. every month to cover security, lift repairs, water management, and clubhouse cleaning.

5. What makes Phase 1 different from the new Phase 2 towers?

Phase 1 is completely built, fully occupied, and ready for you to move in today. The newer phases are still under construction and will take a few years to finish.