Planning a home loan before booking at Prestige Urban Grove? This page breaks down indicative EMIs for all four apartment types. Figures are based on standard bank rates. Use them to set your monthly budget before visiting the sales office.
An Equated Monthly Instalment (EMI) represents a fixed sum remitted to a lender on a monthly basis until the total loan is cleared. Its value is determined by three main factors: the total principal borrowed, the applicable interest rate, and the duration of the repayment period.
The standard formula is:
EMI = P × r × (1 + r)^n ÷ [(1 + r)^n − 1]
Where r is the monthly interest rate, P is the principal loan amount and n is the total number of monthly instalments.
The examples below use a 20% down payment, an 8.5% per annum interest rate, and a 20-year tenure. These are illustrative figures. Your actual EMI will depend on the bank's rate, your credit profile, and the final unit cost.
| Apartment Type | Starting Price | Down Payment (20%) | Loan Amount | Indicative EMI |
| 2 BHK | Rs 87 Lakhs | Rs 17.4 Lakhs | Rs 69.6 Lakhs | ~Rs 60,500/month |
| 3 BHK | Rs 1.14 Crore | Rs 22.8 Lakhs | Rs 91.2 Lakhs | ~Rs 79,000/month |
| 3 BHK + Study | Rs 1.42 Crore | Rs 28.4 Lakhs | Rs 1.14 Crore | ~Rs 99,000/month |
| 4 BHK Sky Residence | Rs 1.98 Crore | Rs 39.6 Lakhs | Rs 1.58 Crore | ~Rs 1,37,500/month |
All EMI figures are at 8.5% per annum over 20 years. Actual amounts may vary.
The four apartment types at Prestige Urban Grove:
| Type | Carpet Area | Starting Price |
| 2 BHK | 1,245 – 1,380 sq ft | Rs 87 Lakhs |
| 3 BHK | 1,610 – 1,845 sq ft | Rs 1.14 Crore |
| 3 BHK + Study | 2,050 – 2,240 sq ft | Rs 1.42 Crore |
| 4 BHK Sky Residence | 2,680 – 2,950 sq ft | Rs 1.98 Crore |
Prices are introductory pre-launch rates. Final unit cost depends on floor, facing, and applicable preferential location charges. GST of ~5% applies on the under-construction value.
The apartment price is not the only outlay. In Kerala, buyers also pay:
For a 2 BHK at Rs 87 Lakhs, the indicative stamp duty and registration together add approximately Rs 8.7–9 Lakhs to the total cost. For a 3 BHK at Rs 1.14 Crore, they add approximately Rs 11.4–12 Lakhs.
Budget for these charges before applying for a home loan. Banks typically do not finance stamp duty and registration costs.
Choose a longer tenure for a lower EMI. A 20-year loan has a lower monthly payment than a 15-year loan. The total interest paid is higher, but the monthly outflow is smaller.
A higher down payment reduces the loan. Paying 30% down instead of 20% reduces the loan amount. This lowers both the EMI and total interest.
Compare rates across banks. Home loan rates vary between 8.5% and 9.5% across major banks as of 2026. Even a 0.5% difference shifts the EMI meaningfully on a Rs 1 Crore loan.
Use a floating rate if rates are expected to fall. A floating rate adjusts with market conditions. A fixed rate locks in predictability.
Prestige Urban Grove is a 12-acre gated community in Kakkanad, Kochi. It has 7 towers rising to G+28 floors. The project has 1,180 apartments. Open space covers 82% of the site. Infopark is 5 minutes away. The Chittethukara Metro (Pink Line, upcoming) is 1 km away. Kerala RERA registration has been applied for. Verify the current status on the Kerala RERA portal before booking.
At a starting price of Rs 87 Lakhs with 20% down, the loan is Rs 69.6 Lakhs. At 8.5% over 20 years, the indicative EMI is about Rs 60,500 per month.
The 3 BHK starts at Rs 1.14 Crore. With 20% down and a Rs 91.2 Lakh loan at 8.5% over 20 years, the indicative EMI is about Rs 79,000 per month.
Banks typically do not finance stamp duty (~8%) and registration (~2%). In Kerala, these together add roughly 10% to the property value. Budget for them separately before applying.
Yes. GST of approximately 5% applies on the under-construction value of the apartment. It is charged over and above the unit price.
Banks typically require 10–20% of the property value as down payment. A 20% down payment is used in the EMI illustrations on this page.
Kerala RERA registration has been applied for. Verify the current status at rera.kerala.gov.in before making any payment beyond the initial EOI amount.
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