Prestige Tranquility
Prestige Tranquility is a new project coming up on Budigere Road, Bangalore – also known as the access road to the International Airport Bangalore, from NH4/Old Madras Road.
Spread across 38 acres of land, the project is set to house a total of 2330 apartments.
Currently Prestige is running a pre-launch campaign with a pricing of Rs.2628/- per sft, with car parking charges extra. Approvals are in progress and are expected by end of July. Official launch of the project is expected to be on 25th July, there is also a hint that the price will be revised upwards by Rs.100 per sft.
On July 25th Prestige officially launched the Prestige Tranquility project, Ads were placed in several leading news papers announcing the much awaited launch. As expected there was a revision in the price and the official launch price ir Rs.2728, exactly Rs.100/- more.
Scheduled completion of the project is June 2014 Dec 2014 with a grace period of 6 months.
There would be about a total of 17 towers with the tallest being G+27 floors.
With Prestige Shantiniketan on ITPL road becoming a landmark project by Prestige Estates, this project on a similar scale with attractive pricing will be well received.
Public Opinion – Is Prestige Tranquility a right investment?
- June 22 – With about 160 poll votes, we have a decent sample size to examine what most people think about this project, 47% think that Prestige Tranquility is a good investment, 23% don’t think so and 30% are not sure. 30% Not Sure – is a huge figure, the number one reason for this could be the location of the project
- July 24 – With over 270 votes now and a lot more people being aware of the project and as well as people actually visiting the project site the results are getting realistic with 46% – saying YES, 27 % NO and 28% NOT SURE on whether Prestige Tranquility is a right choice. Compared to the last time when we examined the results the percentage saying YES remains almost the same but there is a 4% increase in NO
Check the latest results in Page 2.
Prestige Tranquility Location
With projects like “Pruksa Silvana”, “GR Sun Villas”, “Brigade Exotica”, “Signature Dreams” and “Signature Tulips” in the surrounding Budigere road may see some positive developments in the future.
Prestige Tranquility Options
- 1 BHK – 653 sft and 712 sft
- 2 BHK – 1073 sft to 1130 sft
- 3 BHK – 1628 sft, 1797 sft and 2019 sft
Call 9980808080 to book the last few units in Phase 2 (ad)
Prestige Tranquility Pricing
- 1 BHK from 20 lacs onwards (Booking Amount: 2 lacs)
- 2 BHK from 31 lacs onwards (Booking Amount: 3 lacs)
- 3 BHK from 45 lacs onwards (Booking Amount: 4 lacs)
The pre-launch offer is Rs. 2628/- per sq.ft (base price). The official launch price is Rs.2728/- per sft (base price)
- Car park Rs. 250,000/-
- Floor rise Rs. 15/- psft for each floor
Rs. 50/-Rs 75/- psft for premium units- Approximate additional charges
- Bescom/ BWSSB- Rs. 100/ Sft
- Adv. Maintenance – Rs. 42/ Sft
- 1st year Sinking fund Rs. 42/ Sft
- Generator for 2 BHK- 75000/- and 3 BHK Rs. 120,000/-
- Exact charges of the above will be available in the next few weeks.
- Service tax, VAT, stamp duty, registration charges payable at possession.
Prestige Tranquility Locality Review
Budigere Road already has big projects such as Brigade Exotica (3km), Pruksa Silvana (0.5 km) and GR Sun Villas (0.5 km) being launched in the first half of 2011. However the stretch between KR Puram cable bridge and Budigere Road has very few large apartment/commercial projects. Pashmina Waterfront (8km) & Mahaveer Chalet (9 km) to name, and the stretch between Budigere Road junction (2 km) and the Prestige Tranquility project, is industrial and mostly barren, with the nearest shopping center easily 5 kms away. Baldwin International School would be the nearest school about 2 km away. Nearest Hospital would be in Whitefield/Marathahalli (12 – 15 kms) or KR Puram (10 km)
Hebron Mall is the biggest commercial project underway located right opposite to Mahaveer Chalet and about 9 km from Prestige Tranquility.
Beary’s Global Research Triangle (tech park) is located about 4.5 kms away. ITPL about 13 km.
The widening of NH4 to 6 lanes with 2 service lanes has reduced the travel time from KR Puram Cable bridge to Budigere Road to 15 minutes. Budigere Road also has easy access to Whitefield Road which is developing rapidly. As per the CDP (Comprehensive Development Plan) Budigere Road will be widened to 300 ft and is part of the ITRR (Individual Town Ring Road)
Large residential projects can trigger developments in the immediate neighborhood however this seems easily to be 3 to 5 years from now.
Prestige Tranquility Concerns / Issues raised by readers
- Lack of facilities (shopping, medical etc) in Budigere Road
- Industrial Animal Feed Factory right adjacent to the project, close to towers T17 & T1
- Agro Food Factory close to towers T16, T15, T14
- Other Industries close to T3, T4
- Situated in the midst of an Industrial Belt
Premium flats are not being included in the pre-launch- Payment schedule not linked to construction progress – however representatives from Citi Bank and Axis Bank at the project site confirm that before a disbursal a construction status/valuation report will be requested
It’s best to choose an apartment facing the clubhouse / landscaping area, outer facing apartments would only overlook industries. For outer facing apartments its better to choose one facing GR Sunvillas or Pruksa Silvana in towers T6, T7, T8 & T9
Prestige Tranquility in Media
Ahead of the launch on 25th July, hoardings are coming up all over the city.
Here is one at Hope Farm junction
Prestige Tranquility Ad – Hope Farm Junction
Prestige Tranquility Official Launch Ad
Prestige Tranquility Videos
Prestige Tranquility Entrance
Prestige Tranquility 360 degree view
Prestige Tranquility – Adjacent Industry
Take the poll
Do you think Prestige Tranquility is a good investment? What is your opinion on Budigere Road? Take the poll.
Other Projects that might interest you
Pruksa Silvana Villas/Row Houses – Behind Prestige Tranquility
GR Sun Villas – Behind Prestige Tranquility
Abhudaya Lotus Garden – Plots (review coming soon)
What do you think is a better choice?
Prestige Tranquility Buyers Group
Are you really serious about buying a villa/apartment in this project, then why not join the Buyer’s Group. It’s a well known fact that approaching a builder as a group has its benefits, who knows you may get a good discount. Of course you are only planning or undecided then you should leave a comment here or check out the forum.
Update: 12 Aug – With Prestige Developers the buyers group has not had any effect especially with Prestige being a large player in the market and the high demand seen for this project. However the Buyer’s Group does have some interesting discussions that you may want to check out.
If you already own an apartment in Prestige Tranquility then there is a google group dedicated to it which you might want to join.
https://groups.google.com/forum/#!forum/prestige-tranquility
Latest Pictures including Prestige Tranquility Floor Plans
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- Budigere Road Junction
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- Budigere Road
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- Industry adjacent to Prestige Tranquility
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- Prestige Tranquility Ad – Hope Farm Junction
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- Prestige Tranquility Official Launch Ad
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- Prestige Tranquility Master Plan
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- Prestige Tranquility Approach Road
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- Prestige Tranquility Entrance
Check out the whats going on in the Prestige Tranquility Forum
Prestige Tranquility Master Plan
Prestige Tranquility CDP Map Overlay
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Share your views and concerns about this project with your comments!!
I am interseted for the 2BHK. please let me know more details..
Contact brokers who are dealing with the project. You may also approach Prestige directly. Visit their website http://www.prestigecontructions.com for more details about the project. The current price is somewhere between Rs 2,728/- to Rs 2,800/- per sq. feet.
Hi Friends.. As of now I am in USA… So,, donot know much about this project..If any of local bangaloreans visited the project area.. could you share your opinions? How good Prestige on communicating helping NRIs? Can we consider them as professional builders like Sobha/Purvankara/Brigrade etc.
Hi Ravi,
If you are looking for more info about Prestige Tranquility, I would advise you to join the Tranquility google group. You can find lot of information about the project and also the photos of the site. You can ask questions and there are very active members to answer your questions. The link for the same is:
https://groups.google.com/forum/#!forum/prestige-tranquility
/Nand
Prestige Tranquility Phase II launched today. Base price quoted at 2828, exactly 100 more than the phase I price.
apart from factories? is budigere green like other parts of blore
Budigere is much greener than any other part of Bangalore. Lot of trees on both sides of the road. Much of the areas are farming land.
Harsha, appreciate your efforts. It really helps most people. thanks very much.
Satya
Thanks Satya
What are the factories to the left side of Prestige tranquility? What is the best way to find this out? In wikimapia, etc, these have not been marked.
Have a look at this map:
http://www.openstreetmap.org/?lat=13.06337&lon=77.74401&zoom=17&layers=M
If you are in Bangalore, you may visit the site and ask the local people there to get a better idea of the same.
Thanks, Nand. I do live in Blore, i will probably go around the place and get more details.
And i have applied for a membership at the google groups. Thanks, again.
Geetha/Nand,
I just visited the site a couple of days ago, 2nd week of Oct. While I feel that this is a good location, the factories surrounding the project on the left side and right side are a major detractor. In fact there are two factories adjoining the project on the left side along the depth of the project.( we see only one in nand’s map: http://www.openstreetmap.org/?lat=13.06337&lon=77.74401&zoom=17&layers=M ). Also the big question about the dump yard we all debated about…Geetha did you find any details when you visited the locality?
Or Anyone’s got any clarifications? I’am worried about the water quality, but have no information on the same! Added to this the 18 PDCs. Appreciate any leads on these.
Hi I have bought 7078.. but now they have launced 2 BHK in tower 10 having more that 1300+ Sq Feet.. if i want to convert my flat …. whats the procedure.
You can convert your flat Sarvageshwar, provided the sale agreement is not done. Just check the availability of the new flat and according pay the price for the same (whether lesser or more, depending on availability). There are no cancellation charges if you are swapping your flats with tranquility.
Prestige Tranquility AD for the 2nd phase in the Times of India:
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIBG/2011/08/13&PageLabel=5&ForceGif=true&EntityId=Ad00507&ViewMode=HTML
Please count me in group buy.
hi vraj,
Don’t wait for any group discount and all. We already tried and did not get any discount. Prestige does not give any discount even if you go in group of 100. Approach them directly, if you are interested. 2nd Phase booking has started.
Nand
You have to pay 15% (including booking amount) with in 30 days from the booking date
I have booked 7116. Today , on 9th Aug I got letter from Prestige for rest of the payment , out of 15% and also for PDC, by 15th Aug. Isn’t it too soon for PDC. Has anyone got the similar letter ?
Ajay, there is a google group for Tranquility Owners. If you want to join the same, here is the link:
https://groups.google.com/forum/#!forum/prestige-tranquility
If you have already joined the group, please ignore the message.
Thanks nkg1801 ! I wasn’t aware of this group. Really useful . Thanks for sharing !!
I have booked a flat in tower No.12. On 24h Aug I got a letter from Prestige asking to pay the balance 15% by 30th Aug along with 18 PDC cheques. Has anyone got the similar letter ? If so, what are your plans and suggetions ? Pls share.
I also got a similar letter from prestige, I am not sure why we need to give 18 PDC, no other builder ask for such things. I booked 3BHK in tower 16.
Hi prakash even I habe booked 3 bhk in tower 16 but even I am really not sure why are they asking for 18 pdc. Also plz let me know are you really convinced bcoz after getting the booking done I am not really convinced with the reviews.
I am not also not planning to give 18 PDC. But if they force then I may withdraw from project also. One of my friend who also booked 3 BHK, planning same. I also got soft copy of their sale agreement and looks very much one sided agreement.
Thanks Prakash but also please let me know if we cancel the booking they will deduct 10% of the charges and pay us the remaining back so please let me know anyhow is this possoble for us to recover this koney by talking to prestige
Hi Neha/Prakash,
Have you cancelled your booking ?
What are the unit nos you have booked in Tower -16.
I have also booked one in tower-16.
Why you are going for cancellation ?
Thanks
Sumi
Hi
is it possible to send the soft copy of the agreement on my email .
is there a delay compensation clause
thanks
Prakash, did you and your friend convey to them that you will not be giving the PDCs? Did they accept? If not, will it be of any use to appoach as a larger group? What is the usual norm in instalment payments?
Thanks, Geetha
hi prakash . i also booked 16013 in your block.Keep me updated as i’m staying in pune these days.
Lt Cdr SK Singh
Indian Navy
Hi SKS,
would like to have a word with you. can u email me u’r mob no? mine is 9869732 four zero four.
regards,
Anoop
Hi,
I am also interested in this project. Please count me.
hi Faiz,
Don’t wait for any group discount and all. We already tried and did not get any discount. Prestige does not give any discount even if you go in group of 100. Approach them directly, if you are interested. 2nd Phase booking has started.
Nand
Hi Nand,
Thank you for your comments, I have updated the blog post with your inputs regarding the group discount, as well as the link to the owner’s group.
Regards,
Harsha
Thanks a lot Harsha.
Hi,
I want to buy 1BHK 722 SQT. 1 BHK are exclusive to tower 10,11and12. , Is it worth buying? Is 1 BHK have resale when compared with 2 bhk
Thanks
Bharadwaj
Big projects like these rarely offer 1 BHKs, I think it is a good investment.
Neha….
Even I am planning 2 buy a 2bhk…lets get in touch 4 soem discounts…my no is 900 Eight four 88 Four 42
can some one suggest which block will have view of lake /pool view or best view?
I am planning to book one 2bhk how to get discount?
HI Lopa,
Take a look at the master plan. Other than towers T1 and T17 the apartments facing to the interiors in any of the remaining towers offer a good view, if you want Pool view then T13/T14/T15/T16 are the best towers. Link to Masterplan
hi Lopa,
They are not giving any discount even if you approach in group.
can some one suggest which block will have view of lake /pool view or best view?
I am planning to book one 2bhk how to get discount?
We have booked 14096
Hi, Can anybody help me to decide if this property is safe in terms of its payment plan i.e. it is time bound property. I was being made to understand by the bank that if the builder delay or stop the construction for whatever reasons, it is bound to send notice to buyers about delay in paying the due installments too.. is this correct? would the bank pay even if the construction is delayed?
Hi Namita
Its good to be connected and communicating. I wanted to know if you have gone and checked exact location of tower 14 and does it have some industry excatly behind this tower?
Are there any buyers that have booked in Tower 14….i have booked 14101.
I have booked 14054
Meghana, there is a google group for Tranquility Owners. If you want to join the same, here is the link:
https://groups.google.com/forum/#!forum/prestige-tranquility
If you have already joined the group, please ignore the message.
@Gupta Shantiniketan was launched long back when costs were less.
Hi,
I agree it was launched around 2006- 2007 after that it has been 4 years.When they launched even the area around was not so great …but yes presence of ITPL made it an attractive venture. The North-East Bangalore will see a good growth.Also, we should think beyond 2014 & not now.
can we resell the flat before completion.. are there any clause?
after completion if we sell any clause?
regards,
nidhi
Yes, through a process called assignment you can change the booking to another persons name. However in the booking form the following clause is mentioned
No assignment will be considered before signing of the Agreements in the name of the applicant, payment of 15% and clearance of the first three installments. Assignment is subject to conditions
And after the sale agreement, if you are selling, you need to give Rs 100/- per sq. feet as the transfer charges to Prestige.
Why is this project priced at very high for that location…? If we invest in this property for this higher price now, whats the return/appreciation that we get really..?? can anyone explain the reason for this high pricing. Because when Presige have launched Shantinikethan, they have a price ~1800/sft initially
Gupta…..
Dear gupta,
I have seen some other projects of prestige .They are really good. You will get the idea if u can visit their shantiniketan project. Even Rs 1800/sqft was higher for shantiniketan during that time but now its around Rs 4300/Sqft. So i think it should be worth at this stage.
Regards
LT Cdr SK Singh
Indian Navy
Count me in.
hi nibuvv,
If you liked the project and decided to you, don’t wait for any group discount and all. We already tried and did not get any discount. Prestige does not give any discount even if you go in group of 100. Approach them directly, if you are interested. 2nd Phase booking has started.
Nand
Count me in
I am intrested in Group Buy and discount.
Are they offering any discounts on bulk bookings. I am also planning to buy a 2BHK
There is a discussion going on in the Buyer’s Group within the Forum page. As of now Prestige is not offering any.
I am interested in this property kindly contact.
Plz count me in for group buy and discounts
Plz count me in for group buy and discounts
i am also inerested in group buy and discounts
Hi,
I am interested on this property, please count me in.
Does any body have any idea about the availability of the flats in Prestige Tranquility. When i inquired, they are saying all premiums are sold out and only few flats in Tower 8,9 (2-BHK ones) which are facing each other are available, which i do not want to buy. I believe they are holding on the premium units and want to sell them later.
100% correct…. not all stock or units are being released or given to the customer now and the first intention is to sell the apartment of higher floor or the units which given a choice to the customer would prefer not to buy as First choice
I don’t see that the launch price would be more then 100 rs more so it is better instead of paying floor rise and still not getting you choice to wait and buy the unit of your choice with the launch price….. however looking at the current approach i still wonder that they will offer the good units so soon to the customer…. as these will be sold at the last stage of the project with Premium rates.
I heard Bangalore metro is being extended till Hoskotte in phase 3 (will take 5 years easily) and Peripheral Ring Road is planned near to NH4/Kadugodi junction. Anybody having any confirmed information on this or if you can post some link?
No idea about the metro extra getting extended till Hoskote, but the Peripheral Ring Road will definitely cut whitefield – kadugodi road near Safal Market and the NH4 just before the Budigere road junction.
That’s great. Is there a link where we can see the proposed peripheral ring road connectivity or infact new proposed developments in Bangalore. Moreover, you just said 4-5 statements above that new Aero/SEZ are being planned near Budigere. Any idea where exactly and on what scale?
I’m interested. Count me in.
Prestige Tranquility on OpenStreetMap. Please visit:
http://www.openstreetmap.org/?lat=13.06373&lon=77.74529&zoom=16&layers=M
– Nand
Need some contact details of the sales man of prestige group for “tranquility” project.
Try suvojit – at- prestigeconstructions – dot – com, 99 – double zero – 24 – three – 9 – zero – 5Update please contact: Poorna on 98 – four five – 0 – eight one five – 9 – 1.Hi Harsha,
thanks a lot, let me try to contact them, also i am planning to book one……….., any precautions that you want me to take………….
Hello Harsha,
Thanks for the valuable information. How do see the scope of development in Budigere road.? Can we expect a similar spike as we saw in Sarjapur road and Bannarghata?.
-Rijesh
Hi Rijesh,
Its difficult to predict what would happen to Budigere Road, the best development in that area is the launch of Prestige Tranquility itself, the aerial distance to BIAL from this project is about 17 km, even on road about 20km, but the issue is that BIAL does not have a 2nd entrance for those coming from the east, forcing everyone to go all the way to Devanahalli and turn back towards the trumpet exchange. If BIAL does provide an access directly to Budigere Road then it would be a big plus. Also the proposed Hardware/Aero SEZ/Logistics parks are much nearer to Budigere… this can also influence this stretch. Another point would be that with the launch of Prestige Tranquility may be other developers would be interested in this area too… as I said in my post atleast 3 – 5 years away from seeing major developments.
Regards,
Harsha
I was told by a broker that the road that u have mentioned is being laid out from the airport. He said it has come in some newspapers though I was not able to dig it. WIth it he claims that the distance to the airport is a (miniscule!) 22 kms. Can anyone verify this?
I tried the whole route from Budigere to Airport and I saw a nice atleast 100 ft road being laid out near to Airport (about 15-18 KM from Tranquility). It looked like the approaching road to Airport, but a local shopkeeper told it is being connected to some Industrial area over there. Not sure on this.
Hi Harsha,
I am interested in this…………….., please do count me…………
Hi,
Goood infomation,
can you also share the builder contact details………………..
Contact details available in the Buyers Group forum.
I will be visiting the site some time this week.
Hi Harsha,
Nice website. Most informative.
You wikimapia pic of Prestige tranquility location is great. Do you have information on what is there in the trinagular plot between the backside wall and GR sun villas plot. I was wondering how would the view be from the backside facing apartments.
thanks.
Thank you very much Sonal. I will try to get more details of the triangular area.
Meanwhile if there is anybody visiting the site this week can you please check and let everybody know.
what abt water, there is lot of problem for water in the near by area like Hoskote & K.R.Puram, as of now the road where this project is coming is a very isolated place with no happening , major traffic through this road is of BBMP garbage trucks which they offload near area which is 5 to 6 km away from this project
Most probably GR Sun Villas Phase 2. GR Projects is planning a further extension across 38 acres
I am interested in this project. Please contract me at 988664—-. [Contact number masked by Admin]
Hi Shukla,
You can register in the Prestige Tranquility Buyers Group and approach the builder directly.
Regards,
Harsha
What are the USP of this project…like connectivity with IT areas, near by localities, future development prospects of this area etc..? Can you provide some knowledge about this as I am new to Bangalore.
Hi Vinay,
Thank you for your query. More details added under the locality section.
Regards,
Harsha
Hi I am interested in this property. please contact me.
thanks
shelly
Hi Shelly,
You can register in the Prestige Tranquility Buyers Group and approach the builder directly.
Regards,
Harsha
any information regarding target date of completion of project.
Hi Varun,
The expected completion date is June 2014, however with large projects ‘delivery on time’ is always questionable. If you do book, you should ensure that the committed date is part of your agreement for sale and insert a compensation clause for delays.
Regards,
Harsha
I am interested in this property kindly contact.
Hi I am interested for Prestige Tranquility property…can you pls share with me the detailed information. Thanks Much
HI Rajesh,
The pre-launch pricing is now out, and there are several options to choose from ranging from 1BHK of 653 sft to 3 BHK of 2019 sft. Watch this page for further updates.
Regards,
Harsha
Please let me know where I can see floor plan
Thanks
Vishwa
Hi Vishwa,
Floor plans have been included.
Regards,
Harsha
Hi Harsha,
I am interested. Pls count me IN..
Regards,
Ramakanth
Please register and update the Buyers Group
Prestige Tranquility Buyers Group