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 have a 1636 sft unit in PT for sale for 3800 psft base price. It is a 4th floor, premium unit, with balcony facing the pool. If interested, pls contact me at 096865-68239 or
regards
Guru
Is there any particular reason for selling the apartment
I recently bought a 2 BHK in PT. How to join the owners group?
Could you please at what rate you made the purchase? Which floor? premium or non-premium?
Thanks
I bought a 5th floor non-prem. unit at 3550/- per sft.
Is that price include car parking & floor rise.
That includes floor rise, not car parking
I applied for membership in google group of PT about a month back. yet no response.
Hi
We are selling our 3 bhk+ study 1820 sq.ft flat at 4000/ sq.ft base price, nego. Please let me know if interested- , 9902169352
I Have 2 bhk for sale in PT(1087 sqrt) Please contact m- 9880227180
I can offer 2500 psft. its not worth more than that.
Dreamz GK infra has lot of projects for you, they match your taste and interests
Guys though i have not invested in PT but seeing too many negative comments everyday made me to write my comment too!
Is this project really that bad or there are some people have vested interest? if that is the case then its not right as too much negativity will kill the excitement of buying the flat in this project.
guys have heart for those who have invested in this project! or actually its bad project?
People who bought a flat in PT are happy and won’t care about the comments here. No need of any sympathy on them. I find the negative comments as funny, at least they are keeping this thread alive.
I can pay Rs 3500/- psft. Let me know if that is fine with you.
@AP, I understand Bhola would have removed some of the lines from his post but tell me what positive can supercede the negatives Bhola has written. People are falling sick just by spending 8-10 hours at the site. I can’t think of staying there with kids who has to live there all day long, 365 days a year. What kind of health implications that factory will bring to the kids?
I am in search for a property for self use and due to my budget constraints, I was looking at PT too, though it was last in my list due to its location. Now I have removed PT from my list. I do not want to take chance with my family’s health. I would rather live on rent than buying at Prestige Tranquility.
I understand, Prestige might be trying to buy the factory land. But how far is this possible nobody knows. As far as I know, they are trying to buy the factory land even before they started selling the apartments since 2010-2011 and till 2014 they were not successful and it looks like the factory land itself is disputed. So it looks very difficult for the factory to close down.
I can remember the case of Brigade Metropolis. Their sales people used to tell that Graphite India factory near brigade metropolis will shift somewhere else. Now even after 10 years of their claims, Graphite India factory is still functioning full fledged and no sign of shifting anywhere else. Same thing might happen to Prestige Tranquility.
Good news for PT owners. PT will get 50% rebate in property tax.
http://timesofindia.indiatimes.com/city/bangalore/Give-us-clean-air-not-tax-sop-Mandur-villagers/articleshow/31072152.cms
An extract:
“Mandur, which has been bearing the brunt of thousands of tonnes of garbage generated by Bangaloreans and dumped in their midst, doesn’t come under BBMP limits. Yet during the recent budget, the Palike announced the 50% property tax rebate for those residing within 1 km of the landfill. It has sent a proposal to the government to direct Mandur gram panchayat to provide property tax rebate to the targeted beneficiaries. “
PT is more than 3km from dump yard. 🙂
Fantastic. I am sure some may even argue that if the dump yard is removed, the price will go up by 1000 psft !
One of the post posted by an owner in the pt owners group:
“There was no smell today since chicken feed factory plant was not running.I had a discussion with Prestige security guard (some guy from Andhra Pradesh), He told that chicken feed factory plant uses many ingredients, some of them smell very bad. Incidentally this chap is living in Mandor. He told me, that people in Mandor can also feel the bad smell form this factory.
He also mentioned, many of the staff members working at Prestige site, regularly visit doctors for stomach problems. He attributed it to air coming out of chicken feed factory that most of the time contain small black particle. He was sure, no body can live in Prestige till factory is there.”
To Bhola and Priya,
I am new in this forum .. doing real estate research around whitefield and OMR.
There are so many big projects in that area. And as far I understand all real estate projects has it’s own set of issues. Be it from prestige, Brigade, Purba or any other big names. But somehow I got a feeling that you guys are very active in giving bad name to only prestige projects.
Any reason or vested interest??
Hi AP,
I have recently purchased a flat in pt and applied for membership to the owners forum but it was denied.
Can u let me know how I could join the forum.
Thanks and apologies if you are not the rt person to ask.
Thanks
Rajesh
Dear Bhola and Priya,
While I was doing some real estate research around whitefield and OMR, I came across few forums in this site, particularly this one.
As far as I understand every big real estate projects has its own set of issues. Be it from Brigade, Mantri, Purva, prestige, you name it. There are many big projects in white fields and OMR surroundings. But somehow interestingly you two are desperate in giving bad name to particularly to Prestige projects. You are(Bhola) picking and choosing only negative comments from PT owners group and posting here, you have even gone to the extend of picking only negative lines(removed positive lines from the same post) .
A Sense of conflict of interest from your posts is very clear.
I also feel the same
I also feel the same. The only objective is to prove the worthlessness of prestige tranquility.
I have given good feedback as well on prestige. please check all post. Check other builder also, I have written -ve there as well. People who keep thinking and keep expecting price shoud rise will definately not like my post. I am dead against bulls of real estate. Its my view if you do not like plz ignore. I did not put any allegation, raise concern, what I saw. I do not own PT directly but a psedo owner ( some one close to me own it) and I have to visit PT every now and then on his request. I have argument with them and same stuff i write it here. Other then PSN and PT, I have never writtent on any of prestige project because I do not know groud reality.
I have more post on prestige because I stay in PSN and I face them on daily basis and all forums are full of investor/marketting guys, who give wrong information to buyers.
If any one want mto mee me please drop by in 10##, atlantic avenue , PSN to see ur self.
# to hide my flat number. If u are in PSN can see my name plate.
First of if it offend people so much, I have decided to post no more. This is my last post and rea in postive frame of mind.
I have given good feedback as well on prestige. please check all post. Check other builder also, I have written -ve there as well. People who keep thinking and expecting price shoud always rise will definately not like my post( in long run bulls are worst enemy of any kind of investment instrument). I am dead against bulls of real estate. Its my view if you do not like plz ignore. I did not put any allegation, only raised concern, what I saw in person. I do not own PT directly but a psedo owner ( some one close to me own it) and I have to visit PT every now and then on his request. I have argument with them and same stuff i write it here. Other then PSN and PT, I have never writtent on any of prestige project because I do not know groud reality.
I have more post on prestige because I stay in PSN and I face them on daily basis and all forums are full of investor/marketting guys, who give wrong information to buyers.
If any one want mto mee me please drop by in 10##, atlantic avenue , PSN to see ur self.
# to hide my flat number. If u are in PSN can see my name plate.
At the end bbye PT owner if raising conern is not acceptable, I do not want to be part of such a forum.
Hey Priya, myself and many others are grateful for your unbiased, real insights in these projects. Just because many people don’t comment here doesn’t mean that people are not getting benefited from your honest comments in this forum, most of the people are just reading not commenting, so don’t get disheartened.
It is the job of the brokers, marketers, investors to throw barbs, insults, anything possible to drive away honest members from such forums. If people like you stop posting then its loss for common, innocent buyers and a victory for the brokers, marketers etc.. So, don’t get bogged down by such people and continue posting here.
honest advice priya, dont worry about fools. in my view your comments are very useful. keep up the good work. There will always be people with vested interests who cant digest the truth. Some would have been investors in prestige (and the great real estate bubble in general) and are having sleepless nights seeing no buyers for their projects. Some may be brokers and real estate agents. Other could be from Prestige or its channel partners. You never know who is who. So ignore these fools and keep up the good work !
Priya, I have been reading posts here only of late. I really don’t see anything wrong in what you have written. I also know PSN issues however people don’t want it to be discussed in open forum like this – they feel offended. There are few aggressive guys like FMK who repeatedly ask people to leave this forum when people bring in genuine concerns. There are other guys like Andy who support Prestige but are not aggressive in their comments. We need to ignore people like FMK and few others who have been aggressive here for & against Prestige. There is nothing wrong in expressing your genuine opinion – it’s very wrong if we allow ourselves to get bullied by these marketing guys.
@ Ovonel – buddy why are you taking names & being so judgmental ? Its for the first time I am reading a post from you, so am not quite sure why you chose to sound so aggressive. Trust you are not one of those brokers with another ID ?
You mentioned in your post – “There are few aggressive guys like FMK who repeatedly ask people to leave this forum when people bring in genuine concerns ”
I will appreciate if you can let me know when did I get aggressive or ask anyone to leave this forum ??? This is an open forum & everyone’s free to share their thoughts, so please state facts & avoid misguiding people.
Not sure about you, but I own a 3 BHK in PT for end use, from my hard earned money. I represent one of the 2000 families who chose PT as their home. The fact is (& will remain) that PT has given >20% annual appreciation irrespective of whatever negativity you folks choose to spread.
My loyalties will always stay with PT irrespective of whatever people in this forum think or talk about this project- Period !
Dear FMK, This is not my first post – you know that however you wanted – as usual – to prove that I am a broker. I am least bothered as I have always ignored your posts. There are other supporters like Andy who I really appreciate because I get more balanced information from them and am able to take an informed decision. Your posts are skewed and aggressive – that is my personal opinion – which I never expressed until you guys gagged Priya.
Quote from your post to another person who had expressed his concern on PT:
“February 5, 2014 at 11:32 pm
Not to worry, look for another portal where you can vent your feelings, as this forum is only for buyers whose investment has already appreciated by 50% over last 2 years”
I am really happy for the investors – as one of my close friend has also bought here. However, this is an open forum and people have right to express their concerns on PT which will help others to take an informed decision. You can take it or leave it just like others do it with your posts – You can’t just gag everyone. I am going to ignore your responses for known reasons.
@ Ovonel – I am not quite supportive of people who join groups with the sole agenda of spreading negativity. I suspect its happening in this portal & thus it reflects occasionally while responding to those folks. That however is my personal view point & i hold no personal bias.
Also its evident that you (plus Bhola & Priya and maybe a handful more ) have not purchased a home in PT. It therefore may not be prudent to comment on the decisions made by 2000+ PT owners. You too must be staying somewhere & perhaps may not feel nice if someone keeps ridiculing your investment decisions.
On a lighter note- such uncalled responses are termed as ” Begaani shaadi mein abdulla deewana” ie poking nose in someone else’s matter.
Dear Priya
I AGREE WITH YOU , WE SHOULD NOT HESITATE TO SPEAK THE TRUTH , DOESNT MATTER WHO LIKES AND WHO DOESNT ,,, ANY WAYS IN MY VIEWS ALL THE BUILDERS WILL HAVE
-VE’S DARING PEOPLE LIKE U WILL BRING IT TO PEOPLE NOTICE
FEW WILL NOT , FOR WATEVER REASON ,, BUT I AGREE WITH U ON SHANTINIKETANS QUALITY , I TOO HAVE TO SAME OPINION AS YOURS
DO NOT STOP WRITING THE TRUTH ,
SAAHIL
not fair. i think Priya has been objective. She has already mentioned that she stays on rent in PSN. She is sharing the genuine concerns about PSN (and may about Prestige). But no where i felt that she is on a mission to give bad name to Prestige. If it were not for her, would you get to know about the lift cable snapping incident? And btw, what is your story AP? why are you picking on these guys? Why are you acting as prestige’s ‘pimp’ ?
If Mandur can feel the smell, I am pretty sure Pruksa Silvana and GR sun villas guys can also feel it. I just checked Pruksa’s forum on harshasagar and there are no updates on the forum about this. It looks like Pruksa’s forum is kind of inactive on harshasagar with no postings in last few months.
I see a note that some have moved into Pruksa and are happy there… It could be note worthy to find out how many have fallen sick at Pruksa because of this CFC factory. May be a Pruksa owner(Harsha being one of them.. 🙂 ) can comment on this. If people at Pruksa are falling sick, then we can believe that people at Mandur might fall sick because of this factory. If Pruksa is happy and only Mandur falls sick because of this factory, then I suggest that investors/buyers should use more sense while judging it.
Yes I do accept that factory next to PT is not a great selling factor for PT.. But let us see what Pruksa people comment before being judging. As I see no concerns from Pruksa Silvana’s people anywhere, I cannot comment on the effects… Your comments welcome…
Agree @ Kumar. You made a good point of seeking inputs from existing neighbors like Pruksa & Sunvillas before being judgmental. That’s the real litmus test. If there is no noise in their forums, then in all likelihood it may not be major cause of worry for PT as well.
Lets not get swayed by opinion of a handful of smart blokes who try to spread speculation with an intention of spreading negativity eventually translating into a panic sell off.
I want to sell my 2bhk in PT for 3750/- on 5th level in tower 8. The price is non-negotiable. Serious buyers may contact me at
Is your flat still available for sale? If yes, I can offer you Rs 3400/-. Let me know if you want to settle it.
Let me know once you get it for 3,400 :-)….. I will buy from you at 3,800.. Good Luck !
Difficult to get anything below 4000 or 4100…BGT which is ~3 KM from PT is selling at almost 1000 Rs premium to PT…prices of PT may slowly rise up from now…
It need not be luck. I bought a 2bhk 2.5 months ago @ 3500 psft including premium charge.
I am satying in PSN from last 3.5+ years. Yesterday Night, I heard a sound booom…and git scared to death. went out and got to know in twoer 22 lift cable broke and people were inside lift. There are many quality issues have sen with prestige like leakage, flooring,wet walls in rains, quality of paint etc, there are many past accident also happend including fire 3-4 months back when a securidy gaurd was injured ( that might not be a apartment quality issue but definately safety measure lapse like sprinkler never worked tey are just a show off ).
I have not got full story had drop kids in mroning and come to office early. Some one please check and again give a thought on prestige quality once more.
Disclaim – I knwo prestige people ( association, owners, PPMS, POSWA, broker ) will hate me writting about prestige in quality but talk to anyone in PSN and check for yourself. Infact if you are a memeber of PSN facebook group you can read full story.
sorry for mutiple spelling mistake in above post.
And if you talk to brokers/resellers they will project as if PSN is the best thing to have happened to man kind since sliced bread !
some one has posted this, with FB page
http://www.indianrealestateforum.com/real-estate-bangalore/t-prestige-shantiniketan-worth-17889-page12.html
The cable snap is a false alarm. I stay at PSN
You are staying on rent for the past 3.5 years with so many issues in the complex !!!
yes and reason for that in mentioned in prev posts. Community is really good, landsacape and facilities are good, location is best for me – walk to work. I have issue with quality , which I thought is bearable for atleast 10 years after that God knows
Does anyone know what percentage channel partners get paid when they sell Prestige properties?
2%
Thanks for your reply. I have heard for some they pay more than that. Is that true?
@asthana, tone of your note is quite attacking & unprofessional so I chose not to attach any importance, by not responding to your note.
I just want to end this by saying that each of us think & expects differently and will be selling/ buying at different rates basis the available opportunities, so there is no right or wrong answer.
Thank you
@FMK, when you do not like others comments, you brand them as unprofessional? It seems you are the only professional here who think all others are un-experienced. You teach maths to people here, thinking yourself as mathematician, yet you are only professional here. right?
Since you could only afford to buy at PT, PT is the best project according to you. You even think that PT will get rent on par with other Prestige properties in Whitefield. This clearly shows how experienced you are in real-estate. According to me you are just trying to exit the property but you are not finding any buyer and trying to justify that PT is the best.
At the present surroundings, not even monkeys will stay in PT. I do not know, if humans prefer to stay in stinking factories and garbage dumps. People who go to site visit, are not able to stand even for 2 minutes because of the stinking smell, yet you think it will give you rent on par with Whitefield rent.
Some people are dreaming that Prestige will remove the factories. I just want to ask one think, what right Prestige has to remove the factory? Is the factory owned by Prestige? If not, how can Prestige do so?
PT was cheap and it was because of some reasons. Everybody knows the reason. Deserted location, stinking factories, garbage dumps etc etc.
Bhola, you said you bought an apartment in tranquility for self use at the same time you think even moneys will not come to stay there. Interesting !!!
Has Mr Bhola really bought an apartment in PT ? i doubt. Only ‘monkeys’ like us ( as per Mr Bhola) will buy in PT 🙂
Bhola, PT may not be a good project at present but in the future, when whitefield gets fully saturated, population will start moving towards varthur and budigere. However, this may easily take 20 to 25 years, considering the economic downturn we are going thru.
I got to know that the maintenance charges would be 3.5 rs psft and another 3.5 rs psft for the first year sinking fund. Normally, apartments collect sinking fund every year and use it for capital expenses and maintenance charges are used for running expenses. 3.5rs psft looks very high for the first year sinking fund. So, would that mean PT would sink so much from the very first year?
7rs psft (3.5+3.5) would cost 12,600 rs per month for 1800 sqft flat and add 12.5% service tax as per recent govt order on maintenance charges exceeding 5K per flat on all RWAs. PT maintains all its flats and if they are going to charge so much money per flat and then that’s very expensive for a budget apartment. Just my views – no offence.
7 Rs psft as the sinking fund .. that’s news to me. What is the origin ? Please share.
I know this is a buyer’s discussion group. but i was just curious what would be approximate rent in Dec 2014 (considering they handover in time) for all categories like 1BHK, 2BHK and 3BHK.
May be the investors can reply their expectations for the investment they have done at PT?
Thanks.
Investors expectations will always be higher than reality 🙂
Possession is expected in June 2015 & at that time a 2 BHK & 3BHK are expected to fetch about 16K & 22K respectively.
These are my views however.
My guess 2 BHK 16K-18K & 3 BHK 23K-25K approx.
I do not think 2 bhk will fetch even 16 K there. reason check surrounding areas rent including GR sun villas or Pruska Silvana. And do not just go by broker ad on net, just visit and check.
So Priya, what’s the ongoing rent at Pruksa or GR Sunvilla ? Please share details, as you attempted to sound more informed & wiser than anyone else in this forum.
We are talking about year 2015 & 2BHK rents certainly would be in the 18-20K range, considering a similar apartment in Whitefield will easily fetch about 28-30K in 2015
My friends villa is still available, he could not find tenant.
I do not understand why every time u guys become hostile, project has its own good and bad . No need to be angry. Its in general that real state is in bad shape. my bro have an investment on dawarka expressway and I know how difficult to exit with profit in this bad time. This project has cost benefit and if u take that away its not a good buy.
Some time back one of my friend rented a house in shobha amethyst, which is in much better location kannmangala ( with PRR being planned there) ready to move from 2011. Very good qualiy and amneties. Rent was 16 K and when I enquired about sale, I got a quote of 75-90 lakh for 2 BHK. Calculate your rental yield , its realy less.One month back I went to brigae exotica also project is realy luxury segment ( far superior then PT in all aspect) if you negotiate with them U can get it 4500-4600 PSFT and people still argue PT will sell 5k + So my point untill u have stack of money which u need to hide I think Real estate is not making any sense as investment. This does not mean realestate is dead, people will still invest
Priya,
Agree with you that real estate market is not in great shape and one cannot make quick buck these days. However, Real estate is still a good investment option provided one hold it for long time, at least 5 to 7 years or so. Coming to PT, it is still available at relatively cheaper price point compared to similar projects and the locality hold potential for development. That’s it. It will not be fair to find flaws with the project or the location at this point of time, as otherwise PT would also have costed like other projects selling at 5.5k to 6k. Rental norm is 3 to 4 percent, now you can calculate. Exceptions on both extremities are there but right now lets not talk about exceptions.
Regards,
Sobha Amethyst does not have any 2 bhk in it. It only has 3 bhk flats. The rentals start from 20k plus maintenance. Brigade exotica was available for 4500, after it was launched. Now they have availability in the top floors only, which works out very costly based on the floor rise charges. BGT is charging 4390 as base price and there is no room for negotiation since they hardly have any stock left for sale due to which they do not advertise this project at all, however they are coming up with another 900 apartments as extension of BGT at the back side of the current residential project, which also has a proposed Orion Mall with multiplex facing the main road and commercial office tower.
san
san0777 — where are the 900 apartments coming and will they use the amenities of BGT or separate amenities etc too and who has confirmed this ?
No Confirmation on the details but apartments are going to come up behind.
san
San,
Very we’ll said with relevant data points.
Cheers,
what is the source of info on the 900 additional apartments..
I know there is a mall/retail planned in the complex but there is no info on Orion mall coming up
there.. did Brigade confirm this
Sobha amethyst does not have any 2-BHKs but some of the owners are locking their belongings in one room of the 3-BHKs and offering them as 2-BHKs as the one below:
http://www.commonfloor.com/listing/2bhk-apartment-for-rent-in-whitefield-road-bangalore-at-sobha-amethyst/5304d3961d709
Quote from Priya,
“Rent was 16 K and when I enquired about sale, I got a quote of 75-90 lakh for 2 BHK.”
Bhola: People can rent it as they want.
Sobha Amethyst does not have any 2 bhk in it. It only has 3 bhk flats. How does some one get a quote for a 2 bhk.
san
I bought 3bhk at sobha amethyst ( 1.02 cr + reg). There is no 2 bhk at sobha amethyst. although some owners lock one room, and give remaining 2bhk to tenant. current rent is 20-24k + 2.5k( maintenance).
What is the current resale rate at Prestige Tranquility? on commonfllor I am seeing 4000-4200 per sqft but prestige is quoting 5500.
-avinash
@avinash
This post exposes the reality of Real Estate in Bangalore.
1) 1.02 Cr flat going for 20K rent ( EMI itself will stand at 1L..!!!)
2) Resale price 4000 per sq.ft but builder TRYING to sell at 5500.
Looks like, “investors” are waking up to the reality. They are doling out big discounts on both rent and sale.
For 20k rent , it turns out 2.4lak , even if you put 25 times it should not be more than 60 Lak.
bala.. I know few people bought flat @ 58 lakhs from builder at sobha amethyst.. keeping the flat empty..( probably getting 20k rent is not their motive.) in just 3 years they got appreciation of ~100 %..
rental value is always 1/3rd to 1/4th of EMI.. harsh reality.. will be compensated if property value appreciates.
hi Manjushree, resale price @ 4000 and from builder @5500 .. I do not think, builder will be able to sell.. or it will sustain.. price difference of~500 is acceptable depending on location, higher floor.. or payment plans..( builder’s flat will be under construction, hence payment schedule will be relaxed.)
I enquired many reseller @ Prestige tranquility, they quote 2bhk @ 41 lakhs.. base price.. but total cost.. with car park, VAT, service tax, charge 1,charge2,charge3.. etc,… it goes to 61 lakhs..
in future 1-2 years down the line.. place near prestige tranquility may improve.. but today.. even for small grocery shopping.. min travel of 6 km is needed.
-avinash
Year 2010, Sobha Amethyst was sold for 2200/sqft directly by Sobha. The total cost including registration for a 3 BHK was 58 Lakhs.
No one wanted to buy there.
Year 2014, Sobha Amethyst resale cost 1.02 crore plus registration.
Lots of projects in that location including the making of a new botanical Garden.
http://www.newindianexpress.com/cities/bangalore/Another-Lalbagh-Soon/2014/09/24/article2446029.ece
san
That rate was when the Kadugodi bridge was not ready.
As the bridge was getting ready, they revised the price to 2500.
From 58L to 1.03 now, is less than 12% compounded interest.
Rental income, assuming, its occupied from possession till now (which is almost impossible) is around 9 Lacs.
Moreover 1.03 Cr is the listed prices. Deal price will be less than that.
@san,
Agreed. People made money when RE was in upward trend. Who bought at 2010 prices, realized good profit if they SOLD the property.
What’s now, in 2014?
1) Sales are down by as much as 43%.
2) Prices are as high as 1.02 Cr + Reg for a REMOTE location.
For 2010 investor:
Prices are stagnant at best and rents are not substantial enough to cover even the running EMI of 58k (for 58L loan)
Investors must exist at this point as the opportunity cost is cutting into their last remaining profits
For new investors
Do I have to say anything here? Getting mere 20k rent and paying 1L EMI when prices are not going up!!
For renters
Best time ever. Your house owner is ready to bear 80% of the cost you would have otherwise paid to the bank!!!
Stay rented, stay foolish.
10-15% returns apart from rental ,tax is very good in Real estate market. But in Bangalore only there are many apartments that didnt even grow 8% annualized for many years. Second hand market depends on lot of factors.Locationwise whitefield,Hebbal side would hav done well.What about EC ?What about West bangalore.
@BR
“Moreover 1.03 Cr is the listed prices. Deal price will be less than that.”
avinash is the buyer and this was his deal price as mentioned by him in the post and not the listed price. He should know the listed price quoted to him.
@Manjushree
In the year 2005 and 2010 same questions were asked. There is nothing new in what is being asked today. You or anyone like you will probably ask the same questions 4 years down the lane and this will not be the end and will continue.
1) In 2010, Sales were down and Sobha was in a bad shape selling @ 25% less than the price they were selling earlier.
2) Prices @ 58 Lakhs were still very high for that Location when nothing was there, Very REMOTE location if you had been there. The bridge was not there in Kadugodi and was under construction with a huge delay.
If the price is down for quality projects, then you can buy, else wait for it to fall. How much will it fall is not known.
Avinash can throw some light as to why he did not consider Mantri Global Heights at the same location being sold for 25 lakhs less than Sobha Amethyst.
san
@Manjushree,
For sobha amethyst even 58 lakhs in 2009-10 was too high compared to other projects in that area ( with out kadugodi flyover).
PPL need house to live and there will always be a demand for house.
in 2004, we thought 25L is a inflated price, in 2010 we thought 55 lakhs
is on higher side and in 2014 we are thinking 1 cr is too much.
Probably in 2018 we will say 2 cr for sobha amethyst is too much but there
will be ppl buying @ that rate also.
yes there will an ups and downs, in RE but in long run every investor is gaining.
investors and renters who is wise? investor is paying 1L EMI and renter is paying only 20k. here you are missing one important aspect, investor is having long term asset and in long term its value will always appreciate.
@Manjunath
your comment “Prices are stagnant at best and rents are not substantial enough to cover even the running EMI of 58k (for 58L loan)”.
You are missing one important aspect, buyer has already made profit
of (102-58)== 44 Lakhs.. so you cares about 58k EMI.. its peanut w.r.t 44Lakhs cash.
@ak
>>> Probably in 2018 we will say 2 cr for sobha amethyst
>>>> yes there will an ups and downs, in RE but in long run every investor is gaining.
So you mean, Sobha Amethyst price will DOUBLE in 3 years?
Even if it becomes 2Cr in Year 2021 or later, as an investor, it’s a loss. Any lame FD will double in 7 years, without cutting you with the interest cost you pay to the bank (considering tax being same).
As I said earlier, RE cost depends on the affordability of the masses. Currently it’s stretched to the hilt.
Please understand, general IT salaries are not going to go up—-and thereby increase affordability of the masses—-unless Rupee depreciates further. In 2010, one dollar was selling for Rs 45-46. Today, it’s touching 62. As a result, IT salaries have been going up for the last 4 years, which resulted in huge inflation in RE prices. Moreover, new conversion rate actually made Indian Real Estate cheaper for NRIs (by as much as 37% from 2010 levels). With new found affordability, everyone jumped into RE investments. You know the story now: Sales are down by 43%.
If govt. decides to depreciate Rupee further, then I agree, RE prices WILL touch new heights. Are their any indications of that?
@ak
>>>so you cares about 58k EMI.. its peanut w.r.t 44Lakhs cash
58K PER MONTH is not peanuts w.r.t. 44Lakhs.
44L is around 76 times of 58k.
So, imagine, you have Rs 76 and bank takes away 1 Re EVERY MONTH, so that you lose Rs 12 annually as long as you don’t sell the flat.
(I have not even considered Tax implications)
1.02 Cr + wil require 25L in hand and result in 80k EMI. Given 1/3rd of ur take home shud be EMI a person shud earn 3Lak to get. 4 years down the line do u think it will double?
@ Manjunath:
“>>>so you cares about 58k EMI.. its peanut w.r.t 44Lakhs cash
58K PER MONTH is not peanuts w.r.t. 44Lakhs.
44L is around 76 times of 58k.”
1.) sell your flat @ 1.02 cr. repay loan 58 Lakhs, book a profit of 44 Lakhs.
2.) Even if you keep it, you have gained 44 Lakhs, you paid 58 Lakhs.
so your effective cost is 14 Lakhs.. in 14 lakhs you are getting 1800 sqft @ sobha.. 🙂 is that a bad option?
In 4 years which FD will give me return of 44 lakhs from 58 Lakhs prinpl.? FD return is also taxable.. long term capital gain tax is much less.
Yes IT salaries are decreasing.. but again there are different categories of buyers, ppl looking in the range of 15 lakhs, for them even 20 lakhs flat is expensive. There are ppl buying 10 cr villa, for them 8 cr is cheaper..
Out of 58 Lakhs, if I have invested 8 Lakhs from my pocket and 50 lakhs from bank loan. yes I am paying 50k plus EMI, but I am booking profit of 44 Lakhs from investment of only 8 lakhs from my pocket.
So I am booking huge profit from Bank’s money. Yes some EMI I am paying. But again bank loan interest rate is lesser than any other kind of personal finance.
Priya,
You can easily get 16k as it the project has very good amenities and close to Whitefield. There is dearth of quality apartments for rent at a an average budget in that area.
PT is close to Whitefield? Do you stay in Bangalore? Do you have any idea where is Whitefield?
how about living in peace..EMI /Rent etc..At the end of my life..i should have lived a life that i can relish upon..not be stingy and keep paying EMI for years..
ROFL…..Its 16 km from whitefield…
That area is far off from every place – be it work, fun/entertainment, CBD, Schools/Hospitals and popular malls. Why would one stay there, commute for 1 hour or more and still pay 15K+ (and maintenance) for a 2BHK? One thing that most people forget (or conveniently ignore) is that a large number of tenants prefer homes/apts with less maintenance costs.
Sachin,
One can reach Sarjapur in 45 mins from PT. whitefield doesn’t take more than 20 mins.
Regards,
Andy, please read this post:
http://bangalore.citizenmatters.in/articles/residents-persuade-traffic-police-to-solve-problems
An extract:
“Sampath Ramanujan, a resident of Sai Garden and coordinator of BWRCA takes care of traffic-related issues. He says that it takes 45 minutes for a drive of 7 km from Chaithanya Samarpan to ITPL.”
Andy i dont what mode of transport you are referring to when you say you can reach Sarjapur from PT in 45 mins. Just put PT and Wipro Corporate Office (on sarjapur road) on google maps. It gives you a distance of 29.5 KM. Unless you are driving at 3 AM (in the middle of night) there is no way you can cover that distance in 45 mins. In regular traffic condition it will take upwards of 1 hr 15 mins. In peak hours anything from 1.5 hrs to 2 hrs. I had driven twice recently from close to PT (Pruska Silvana and then once from one of the Samruddhi projects on OMR). It took me about an hour to reach 80Ft Road Indiranagar from that place. That too on a Sunday evening. So please dont try to fool people.
and although builder might tell you its 10 mins drive from PT to whitefield, try driving once in a car, you are not going to reach in less than an hours time.
These days because of traffic people working in whitefield are avoiding even marthalli area….now reaching to purva apartments (~7.5 km) some days takes an hour…also they are getting better apartment deals right in whitefield area…….i am seeing this change now….live close to work is what everyone is looking for…..majority of people who travel lot for work are the one who has purchased apartment very far from office.
Well, if apartments rents in prime locations reach 30000/- for 2bhk and 40000/- for 3bhk, then definitely these rents above can be expected.
I stay on ORR 2bhk from a tier 1 builder apartment and i pay 18k and i expect my rent to be nearly 7% up in renewal.
My guess is that it would be very difficult to find a tenant in that location. Currently Sobha Amethyst which is much closer to ITPL than PT, is qouting 19K 3-BHK (1700+ sqft) and even at 19K, they are not finding tenants and many flats are available for rent.
So, for PT, in my opinion, you may find tenant only around 10K for 2-BHK and 12-13K for 3-BHK (considering June-2015)
12K for 3 BHK- are you joking ? This is a Prestige property off Old Madras road & not from a tier 3 builder in Anekal 🙂
@FMK, come out of well and see the world around you. You will be lucky if you find a tenant for a flat, forget about the rent. Prestige Palm, which is a luxury project, is offering 3-BHK for 20K. Just check the rent around you. Do not live in fools paradise. You cannot manipulate the rents beyond a certain point. Its just simple math, demand and supply.
Bhola,
Magicbricks site says psft rental in whitefield is Rs 18 to Rs 19 in OND 2013. Now calculate the rentals for a 2 bhk or 3 bhk. Or do you say even magicbricks living in fools paradise ?
Regards,
>> rent in whitefield is Rs 18 to Rs 19
depends on location in whitefield.
if you are fine living not at main road, you can get in the range of Rs 10 or Rs 15 per sqft
Good logic and I completely agree with you. We are talking about one and half year from now and assuming 10 percent price rise in one and half year Rs 15 psft rate looks very realistic for PT.
@Bhola – Appears you are among the ones who missed investing in Prestige tranquility at the time of pre launch. Never mind, you perhaps are not destined to be associated with big brands.
Maybe you are paying 12K rent for yourself & there would be more available for even 8K or lower, but not from Prestige & other grade A+ builders.
Regarding your senseless comment of 3BHK at 20k at Prestige Palms, let me get your facts right. The rent is 36K for a 3BHK & 25K for a 2BHK. Check the link below –
http://www.magicbricks.com/prestige-palms-whitefield-bangalore-pdpid-4d4235303030353131?pt=p&cCode=google_SEM_DSA_Bangalore&gclid=CNTD7fK4zbwCFU2t4god_3MAlQ&campaignCode=google_SEM_DSA_Bangalore&pid=sokrati&mbtracker=google_paid
I emphasize with people like you who keep complaining without any substance, while prices keep shooting up.
Dear FMK,
Check out these ads in the common floor for Prestige Palms (These are some of the latest ads):
3-BHK for 22K
http://www.commonfloor.com/listing/3bhk-apartment-for-rent-in-whitefield-bangalore-at-prestige-palms/52f2487b191eb
http://www.commonfloor.com/listing/3bhk-apartment-for-rent-in-whitefield-bangalore-at-prestige-palms/52de2a24d9f47
3-BHK for 21K:
http://www.commonfloor.com/listing/3bhk-apartment-for-rent-in-whitefield-bangalore-at-prestige-palms/52d4f3987ddb8
3-BHK for 20K:
http://www.commonfloor.com/listing/3bhk-apartment-for-rent-in-whitefield-bangalore-at-prestige-palms/5114cade4c2b0
Now what do you say about the above ads. You may tell them they are fake just to suite your argument. In case you are willing to stay in Prestige Palm for 20K (3-BHK), just let me know I will arrange one for you (in case you can afford).
Anybody can quote anything but end of the day, you have to see how many transaction are taking place at that rate. I would quote 50K for PT and that does not change the rate of PT to 50K.
And for your kind information, I am also one of the pre-launch buyer in PT and member of the PT owners group. I have bought in PT for end use and not for investment. So don’t think I am trying to degrade PT. Its just I am talking the reality. If you see for the last 1 to 1.5 year the rent has stabilized and not going up and in fact in some places its already started coming down.
I would again say, please come out of the well and see the world around you. The world is much bigger than your well.
@Bhola, you need to understand not all people bought it for self use. They think they will make a quick money like old times. So they have right to try hard and sell, its up to each individual to buy fool’s paradise or not.
why would people burn so much petrol/diesel even its is a 20 mins drive ?? 30 KM up and down from whitefield itself is a huge loss on fuel everyday as there is no public transport connecting both .
For other locations its even more !!!
People will prefer to stay in whitefiled by paying extra bucks and make their life easier.
2BHK – 10-12 K
3 BHk – 14-16 K
The above would be the rent ranges in PT.
What’s the logic of your calculation ? Why not anything less?
When you are illogically connecting whitefield rent to PT rent , the value I quoted makes sense .
What is the rent in hoskote ? that’s closer than whitefield
please stop this absurd mail chain. pt is still 2 years from occupation. let us cross the bridge when we come to it.
PT is good for self use, everyone knows that PT is one of the cheapest prestige property and reason is also well known….location…this location has nothing…you go to that side may be because your apartment is there…otherwise you won’t go.
Whitefield and its surrounding (5k radius) has ample residential complex already and several are coming up in next 2 years…tier 1, 2, 3 from every builder…
Those who use public transport, i doubt will ever think for PT. People with their own vehicle might think of PT only if they want to live in cheap prestige apartment…but it should be really cheap after deducting everyday commute expenses….
People who rent apartment, very few look for best residential society/club house. 70-80% look for near to office/shopping.
Please see this link. Bangalore is also mentioned. You may also be aware about the 15K global layoofs by IBM of which a significant portion would be in Bangalore, India.
http://economictimes.indiatimes.com/markets/real-estate/news/realty-markets-get-worse-current-mood-pessimistic-realty-sentiment-index/articleshow/30404996.cms
You are saying as if ‘old madras road’ is the best place on the earth to live.
@aayush ppl are paying 1.10 cr to buy a flat at sobha amethyst. there must be some good reason behind that. who cares about getting 19k rent or leaving flat empty? rent will never cover total cost/ EMI/ interest.
Ppl giving justification of FD/MF as better option than apartments, then why are they searching property market? what are they doing here at harshasagar? they missed the bus and trying to justify their decision.
if someone is looking for good rent,buy a 3bhk from C grade builder @ 40 lakhs and get a good rental.. but there will not be much appreciation in property value.
You seems to be an expert in real estate investment. Thanks for the gyan anyway.
Hi
We are selling our 3 bhk+ study 1820 sq.ft flat in tower 13, level 17,. Let me know if interested- or 9902169352.
Thanks
Uma.
I see lot of people in PT trying to exit for the last 1 to 1.5 years. There are many people posting ads in the PT owners forum as well but they are not finding buyers for a long time. Is the real-estate market so subdued that investors are finding real difficult to book profit?
Dear friend, your statement is lacking experience, so allow me to add few points of wisdom
1800+ apartments are sold so far in PT. How many sale advertisements have you seen so far ?
10… 20… 50 ?? Where does 50 stand on a base of 1800. Please do the math because as per my calculation 2-3% of people attempting to resale is NOTHING.
Also remember that not every resale happens to book profit… there could be genuine reasons like fund shortage, relocation etc. So lets not be judgmental when we see some resale offers floating across.
Dear mr experienced guy alias FMK
It looks like you have some problem in understanding my post. I was not talking about the percentage and all. I was just trying to say that even with so less number of resales in PT, people are not able to sell them. I have seen the same persons putting ads for the last one year quoting lesser than builder price, but still no buyers. It will get tougher and tougher going forward. Those who were able to exit at 3500 were lucky.
Looking for a 3BHK (1636 sqft) in mid floors club facing. Seller please contact me at 9886169343
Hi,
We are selling our 3 BHK (1636 Sqft) / North East Facing / Premium (Pool Spacing).
If you are interested, please call me 9986508449 /
Sudha
good discussion – http://www.indianrealestateforum.com/real-estate-pune/t-builders-real-estate-bulls-theory-proved-wrong-5139-page898.html
I am selling my 2BHK (1162 sft) in Tower 1 – 12th floor, outside facing with view of Pruksha Silvana villas, Main door facing East; for 4200/sqft base price + other charges. Please reply if interested… brokers pls excuse.My email id is
I am interested in your offer but I can offer 3600/- per sqft (including floor rise charges) +VAT+ST+parki ng+registration. If you are ok with the offer I can close the deal immediately.
Stop dreaming Rajesh & start living, nobody sells less than 4k psft!
Info coming from Prestige guys is deals are happening anywhere between 3.5K to 3.8K as well, so maybe people aren’t dreaming.
My offer was in response to Simanta’s post. KP, you are free to sell at 4k per sqft provided you have a buyer at that price-point. I am awaiting simanta’s reply.
might be KP purchased at higher price! 🙂
I think KP meant nobody sells to him at 4k psft …ROFL 🙂
Some one might have sold at low rate of 3500 out of deperation in recent past, but that is to be seen as exception, that is defginitely not the the prevailing rate in secondary market, I would say 3800- 4000 is the prevailing base rate in secondary market currently. I also spoken to Presige and you can check with brokers also.
I have a question. The base price of this project was 2900/- in Feb 2012 (exactly 24 months back). If we are saying that the current prce is 4000/- are we saying that price increasing at the rate of 16%?? If the same holds good for the other project, say Prestige Sunnyside which is on Outer Ring Road between sarjapur road and marathahalli, the current price should be Rs.6200/- (It was Rs.4350/- on Nct 2011) and the maximum price quoted is itself Rs.6000/- whereas my friends are booking it at the rate of Rs.5500 – Rs.5700,. . If that is the case with a project right on outer ring road close to several IT parks, I am wondering what is driving the price of this tranquility project. Just trying to understand the rationale behind these rates.
Good observation. But is a known fact that developed areas appreciate at slower rate. You check, koramangla on indranagar appreciated even at slower rate than marthahalli. It is priimarily because of affordability factor. Electronic city phase 2 moved from 2200 to 3200 now. The moment it crosses Rs 6000, it becomes out of bound for majority of crowd then the appreciation is 5 to 7 percent.
Tranqulity sellers … yes … now every buyers’s dream will come true who all are looking for the property at that location …. shriram group is coming up with 3100 – 3200 price bracket at that location …. so people who has sold their apt at around 3700 – 3900 are extremely lucky and exactly knows when to exit like true investors…. and those who were asking for 4000 – 4200 … buddies just wait for another 4-5 years .. bcz another 3-4 developers are cmng in that location in the same price band.. so happy selling …. i guess this is only called price correction in the market ….
Buddy, the very fact that more builders are coming up near Budigere (as you just said), itself endorses the fact that its a potential growth corridor. The prices are only going to go up from here as more & more builders start their projects… similar to what we are witnessing for Sarjapur road
Also if you see the projects around NICE corridor/ Mysore road are selling at 5500/- with literally no amenities/ IT parks. Budigere cross because of good infrastructure, Prestige brand & about 5000+ apartments in the vicinity, is going to witness similar rapid growth in 2-3 years timeframe.
No ill feelings my friend, but it appears you missed investing at an early price point hence you are tending to complain & sounding negative.
Not to worry, look for another portal where you can vent your feelings, as this forum is only for buyers whose investment has already appreciated by 50% over last 2 years
>> 5000+ apartments in vicinity
Pros and cons.
Higher number of apartments ==> less ground water (and multiple problems with heavy borewell usage). Have already seen it happening in some parts of city
I just met a consultant and he himself is accepting that he is not able to convince people to buy @3900+ prices in PT. However, he doesn’t want to loose clients and he is asking them to wait if they have lesser budgets. His point is that, the moment Prestige asks the buyers to register the property there will be a load of investors – who have multiple flats – will start selling the flats. The demand is less and supply is already more. Given the conditions, these investors would not want to pay the service tax, VAT, registration fee, stamp duty etc and then rent it out after furnishing. The total holding cost increases and they wont be able to sell at a much higher price at least for 2 years after registration. Hence, he advises people with lesser budget and who can wait for some more time to just wait and be in touch with him. Now, people can make fun of his strategy or accept the truth. The rents too will be moderate in PT due to the distance and facilities nearby. He also says that some of the investors are already selling flats @3700 anticipating the same and to reduce their stocks and risk. If you can afford 3700 then flats are available with consultants – just that they will quote 4000+ initially but will close the deal @3700 if you persist.
Well said!!! Shriram is much better builder if we consider value for money!!! And amenities comparable to prestige!!! If you want to spend more money just on prestige name please do so!!!
For the area where PT is located, even 3.5k is not affordable for the majority of the people. Due to the location, there is an increase in the average daily expenses due to commuting costs (petrol, transport etc), higher grocery costs, time cost etc. And 4k is hype. Let us see….only time can tell.
What is new in that? Definer kingdom was available all along at Rs. 2990. In every market there is wide spectrum of price. Same place of sarjapur/ harlur load Bren sales at 4500, DSR at 4k prestige at 5.5k and sobha at 6.2k. Just because Sriram, PT, BGT , Pashmina Waterfront will become 3k.
The same was being said of Whitefield and Brookfield in the year 2003 to 2004 when flats under construction was being sold for 900 to 1500/sqft. Prestige Palms was sold for 1500/sqft. Brigade Metropolis was sold for 1500/sqft. tier 2 builders like Shriram and Gopalan were available for 1200 to 1300/sqft and Reddy builders for 900 to 1000/sqft.Today Brookfield and Whitefield has changed. All that was not available in those years are now available in the location.
I am hearing the same talk for this location stating that it is far and nothing nearby. If you have everything in the location then it will be unaffordable. There is no regulator who is controlling the price. Some will sell less and some will sell for more based on the individuals situation.
If you are lucky you get a good deal else you have to be satisfied with the existing prices being offered.
You can keep the fingers crossed on the prices (Stay the same or Go up) Post Election based on who comes to power. but then that is a gamble.
san
Buddy agreed with you theory that rates areas appreciate faster than the developed ones provided there is a lower base in the developing area. A rate of 4K psft is already way out of reach for majority of salaried class. Already the price is way high for that area.
Sachin,
I completely agree that base rate of 4K +other charges are stretched for majority of the crowd, but it is still significantly lower than other developed areas of Bangalore. Whitefield, Sarjapur, Hebbal etc going for 5.5K approx.The entire real estate market in Metros may be inflated and hence class B cities are seeing more appreciation trend. Do you think Mumbai & Gurgaon Realty worth 10K psft, but transactions are happening at that rate. I do not know how long this going to continue but is less likely to come down because of land price, raw material price and above all the labor cost have gone up many times.
There is no way to determine the ‘absolute’ price of any project. Prices are always considered high or low on a relative basis ie when compared with neighboring projects.
In that sense PT is still selling cheap as compared to Pashmina or Brigade.
95% project is sold out already. What else do you need to prove that project is a success.
Those who are considering to sell, please keep in mind that its IMPOSSIBLE to get a Prestige project AGAIN at a similar price, at ANY decent location. PT rocks !
Andy, Are other projects (prestige and non-prestige) in this area also appreciating at the same rate as this? can you give data points? I am not convinced with the idea that developed areas grow at a lower rate. If thats the case, land price across the developed areas should be equal – say koramangala and marathahalli outer ring road.
KayAar,
In same almost similar area Pashmina WF can be compared. I think ( Not too sure) PWF is currently going for 4400/- and Jan 2012 it was 3400. Almost similar may be PT little more because PT was at lower base. Also the total SFT area for a 3 BHK in PWF is more and they are very tall building as a result there is a significant add on to base rate. As a result PT had mush better affordability on overall cost.
For Pashmina Waterfront, on Dec 2011, price was Rs3450/- and now it is Rs.4250/- and its inline with my calculation 10% growth YoY. So still dont know the rationale behind 16% increase in PT rates…if at all buyers are booking at Rs4000+ now.
Prestige because of its brand has ( & will) appreciate faster than its peers in neighborhood.
Another reason for faster appreciation was its lower base rate at the time of prelaunch.
A Prestige home at 2,650/- 2 years back seemed unbelievable,as the rates everywhere were 3,500 atleast & that too from tier 2 builders.
Obviously no one expected such a low price & jumped at this deal, thus generating a higher demand than supply and therefore propelling the rates upward.
I don’t mind travelling extra 5-8 KMs on a 6 lane highway, if the price difference is 10-15 Lakhs (with home loan’s interest, its even more) . We are talking about driving for extra 10 mins, than other pricier locations in Whitefield. In bargain I get Prestige home & atleast 15 Lakh of savings for a 3 BHK
Let me know if I am missing something ?
Builders project are coming all over Bangalore, not only in Budhigere.
2bhks in NICE corridor/kanakpura/Mysore road are till today are available for 40-45L and 3bhks for 60L of the Brigade and Sobha. Those who are dealing in resale market in these areas can testify that.
Which 3BHKs of Brigade & Sobha projects @ Kanakpura / Mysore road are available for 60L ? Please share details.
Venkatesh, Where are you getting Brigade & Sobha at 60L in Kanakpura Road? Approx 1700 sft 3 BHK in Sobha Forest View quoting 1.08 Crore and 3 BHK in Brigade Omega quoting 1.06 Cr ( with free modular kitchen). And all these will take 3 more years to complete ( No one knows actual, but PT possession plan much ahead). Also PT is closer to work places, it has more open space & better ventilation for appt. Now you tell me why PT should cost less?
Brigade Omega/Sobha FV is 16kms from Majestic (CBD) and 10km from Jaya Nagar whereas PT is 25km from Majestic and 17km from Indira Nagar.
Brigade Omega and Sobha FV will be <3km away from the metro station coming in phase 2. Once it comes, it will be faster for a person to reach ITPL from Sobha FV than from PT.
Ground water level is better in kanakapura road area.
from when is majestic cbd? I have been in bangalore for 35+ years. And last time I visited Majestic was 3 years back.
JP Nagar & Megestic !!! Out of fashion man 🙂 ….
Water level at PT is same or better than Kanakpura Road. Pay 20L more and wait for at least one more year for Metro Travel?
Rags, http://en.wikipedia.org/wiki/Bangalore_Central_Business_District
“The Central Business District of Bangalore, is the area with a radius of 6 kilometers from Vidhan Soudha.”
I hope Majestic falls within this range. Because you haven’t visited some place in Bangalore doesnt mean its not part of Bangalore!
Andy, They might be outdated for you…but i still go to majestic to catch trains and buses and jaya nagar for festival shopping. i prefer taking public transport whenever i go alone….so i consider all of it when i choose apartment. i rarely go to mg road or brigade road…and i go to the shopping mall or multiplex which is closer to my home.
Leave CBD and consider these reasons:
1) peripheral ring road is coming almost 2 kms from pt(entry/exit) This gives the access to almost every other part of Bangalore such as electronic city, hennur, sarjapur etc.
2) onway to international airport
3) 10 km from itpl (it)
4) 10 km from the aerospace park
5) 20 + km from naraspura park (automobile)
Are these not good reasons why there could be growth in this area?
KayAar, My comments were on lighter side, do not take into your heart. The point is do Sobha FV or Brigade Omega worth 20L premium over PT with a possession date one year after PT? Even PT is close to Airport and malls like Phoenix Market City, Gapalan Mall, it is also close to Whitefield and Indranagar. The choice is yours.
You can always buy it over there if available there why wait. You cant justify a price in a particular location with another.
san
i am already feeling desperation in tranquility apt sellers here bcz of upcoming new projects … like FMK and many more ….
Hey FMK are u the moderator of the discussion? who is deciding for others, either they can stay here or not.
Mr. FMK … i guess u have not seen the decreasing property rates in mumbai … in many areas prices have gone down … and simple formula controls these prices .. demand and supply… do u knw what is the number of unsold inventory lies with developers in bangalore…. share any project in bangalore where even 300 /- psft is increased in last 6 months – any A grade developer’s project…. and for your info… the reason is not that the buyers are not there in the market .. but the simple reason is – Unreasonable Prices- some developers were thinking that they will launch project at whatever prices and people will take that…
Mr. FMK … give me a simple reason … if apartment is available at same location with similar kind of amenities and sub contractors may also be of same level at much cheaper prices .. why one shud go for ur apt.
Mr. FMK … … fyi… almost 40 % – 50% are the investors here … and u will see resale inventory coming up largely in next one year from date of possession … for sale in the market because any investor do not want to pay 60- 70 thousand yearly maintenance for an apt which is not even fetching rent .. once investors will start coming in market … u will see the prices…
Mr. FMK …. the normal deals are happening here at arnd 3500/- and the people who are asking for 3800-3900 shd be seen as dreaming and exception….
Mr. FMK … a total tower of 27 floors is still to be launched … and a good number of 1636 sq. ft. is still there as per the sales team there … and if u think that any big developer will not hold any 2 bhk / 1 BHK inventory in that popular and super hit project then ur understanding abt property is very im mature …. and u are dreaming abt 95 % sold out … i am clueless… hw u have calculated that… come out of ur dreames…
cheers
We’ll said buddy…… I also feels so that this guy FMK is very hot here as may be employed by the group….. Take a chill pill man FMK … A beautiful world is there outside this forum…… Take some good time with ur family bro….. People will look after them selves without you also…… And obviously without ur single agenda advices…. I came first time at this forum and see you posting every where…. That’s why I thought to gv u a free advice…. Bro just go outside and take a long breath in fresh air, will give sm cool to your head, I think it is very necessary …. Otherwise I liked this forum very much … Genuine discussion for the benefit of every body…. Keep it up…….
OMR is correct in his analysis. His experience counts here as an investor. Real estate is choking with lack of oxygen. Whatever may be the party that comes to power it will be at least two years before the builders can breathe easily. Investors will have to get out quickly to avoid being stuck with dead investments.Or pay high interest rate to service loans and suffer.There are no end users now or may be small number of them in pre-launches.Big builders can’t sell easily without discount and small builders will keep the projects at the same level for another two years.Most of the projects have been in pre-launch for a year now and may remain so for some more time.Doubtful whether you will be able to get your homes for another 5 years be it big or small projects. KEEP DREAMING.
I am interested in buying 3BHK or 2BHK+Family room @3500 psft. I would close it asap. You may contact me at
No brokers please.
Ovonel – The price that you mention was actually during May/June 2013.
oh i c.. my colleague just bought a 3BHK in Dec 2013 thru a consultant @ 3500. may be, the owner wanted to sell it quickly as he was leaving abroad.
Hi All,
I am planning to sell my 2bhk flat.
The details are below,
Flat number: 9094
Tower: 9
Floor: 9th floor
Sqft: 1087
Balcony facing: Park / Pool view [inside view]
No. of balcony: 1
Type: Type C- 2BHK
Price: 4000/sqft [ inclusive of floor rise and transfer fee ]
Get back to me if you are interested.[09916833467 / ]
Regards,
Senthilvel.P
4K is way too much. Do not go by prestige or broker. if you put reasonable price, you get buyer easily ?
Priya- in fact 4k is cheap considering the rates of other builders like Brigade, mantri etc. Brigade project in the same area is selling for Rs 10000per sqft.
In fact the entire real estate is a hype..but can’t help it. Unless the government puts some regulations in place (which is highly unlikely) you will keep seeing such unreasonable rates…and you will also see lots of buyers buying at “unreasonable” rates too. :-p
There are NRI people and highly paid corporate executives for whom crores do not matter. They actually inflate the market and we people need to live accepting the hypes as a reality. :-p I have waited many years expecting the real estate prices to come down.. but that never happened and i missed the bus 10 years back which at that point i thought was hyped.
“Brigade project in the same area is selling for Rs 10000per sqft.”
Which Brigade project is selling at 10K in Budigere?
don’t just go by internet, come to the ground. Deals are happening 3500 or less in PT. If anyone need contact me, I can provide pointer but you have to be patient and put hard negotiation.
There is whole different set of project you are comparing. Look on Bangalore CDP map brigade one is under CDP2015 plan that too in purple zone. It adjustment to BDA CPS scheme. if you know what I mean. There is no comparison between PT and BGT.
Infact BGT is hyped now. Actual desperate deals start when you are almost paid 100% money and passion is nearing but area is not liable. Best example was pruvankar’s purva highland on nice road project.
one more thing, people who just see information on internet forum and think that is reality, never get best deal. Prestige shantiniketan their so called best project can still be bought @ 5800 all inclusive. So do not get just fooled that real estate will keep rising. That way PSN should have been trading around 10 K , which is one of the best location.
Can you get a 2BHK in prestige shantiniketan for 45 LKS? a friend looked high and low and paid 90 Lks for a 2bhk in Prestige SK. The only flats available for less than 3900 are 3 BHK apartments. 2 bed apartments are all going for 3900, 4000. Have to see the affordability factory of an apartment rather than just the base SQ ft price.
read care fully, i do not know from where 45 lak figure came. I was talking about 3 BHK plus as discussion started on 3 BHK + servent quater flat in PT.
For 2 BHK alos calculate 1300 *5800 + floor rise + primium charges + additional charges.
It will come around 90 lakh. 2 BHk are high rental yield so little higher. Does that ring a bell in your mind , or you still expet PT to sell @ 5 K in 1 year ?
PT prices that you mentioned are not correct. I was looking forward to buy in PT through resell, as prestige does not have anything left.
I was in constant touch with sellers and some brokers. This is what I found:
1. For inside/amenities facing apartments (1139 size), the base prices is minimum 4000. (Excluding floor rise, premium charges etc)
2. For outside facing base price may be upto 3700 or more
3. Are the prices hyped up for the location? May be, but then there are lots of buyers. I missed some good opportunities while negotiating and waiting to hear from sellers
4. I believe this is why people are buying in PT — Prestige project, near ITPL/whitefield, get possession in an year, good amenities, affordable price, will be like PSN (smaller though)
These figures are not drawn from forums or internet ads. I met sellers and brokers myself. We keep thinking every project is hyped up (which is true), but thats how it works. When this project completes, prices are going to go even higher.
Hi hv 2bhk for sale in PT pool/park facing. Pls get back to me if u r intrested. 9916833467/
Priya, Do not compare PT with Purva Highland. Purva highland on a low land, very poor ventlation in most of the apartments, direct on nice road, very narow approach road, very far from Airport etc etc…. Over and above I heard that prject is yet to receive Khata. Yes it has got great architechture,construction quality is also excellent but too many nagatives.
yes, Can not compare with purva high land.PT does not fall in BDA cdp-15 also. Wait and watch for khata :)…its prestige u have no say…..
factory which have plan to stay for next 10 years.. all are very good postives…hats off to prestige marketting. Quality is best…see prestige shantiniketan….wow….
Only plus point I would say agree on PT was/is its price point with everything else okayies. They day it goes project will be flop.
Priya,
Price is heading towards 5K, so buy one quickly.without thinking too much negative.
Cheers,
5k/sft will make a 2 bhk in PT close to 70L. Nobody will be stupid enough to spend this much on a 2bhk in this part of city when u can get a ready to move and reasonably reputed apartment at walkable distance from your workplace – minus Prestige excessive premium and 2300 family crowd.
I am talking abt 5k in near future, at max 18 months from now. Tell me one good complex, eqivalent to pt where 2 bhk is availed at 70 L even now.
Have you watched property shown in TV or talk to consultant. Yester day in NDTV Samir jasuja ( Prop equity ) , presented data. Secondary market on average down 20% in flats.. Bangalore is late to join part but effect is their. Look at all pre-launches in last 3 months including prestige project like PLH, shobha oasis, Purva all are minimum 10 % less than tentative price. early prestige used to quote 1 day fully sold. Now 6 month still selling at launch price + 100/200 PSFT. Last year trend was 10-20% higher then tentative price….Boss be realistic and I am in real estate business. I had one in PT too existed at right time….if this year BJP do not come to power I do not think PT can even sell at 4K when u get passion.
I am ready to change my view if anyone ( not broker/builder) can say that h/shee is able to sell his/her apartment in PT @ 4k + basic price in last 2-3 months.
Note – No need to bash on me, I am an investor( not a broker) and have my views. Its very generic not specific to PT. Real estate reality can only be known , when u are on ground.
Some sense, good to see that. I have been saying the same things but people seem to be intend on burning their fingers. Check out the resale market guys – you are getting ready to move in, in better locations. All these pre-launches are making me extremely guided. I would rather be safe than sorry.
Even if prices reach 5000, two years from now, a person can still buy a 2bhk in PT for less than 55 Lakhs. Market trends and Price per sq feet analysis is fine, but the biggest advantage that PT has is its affordability factor for actual buyers who wish to live there. Most actual first time resident buyers who wish to live have budgets of 45-60 Lks. Its the same reason I picked up in PT. After seeing Shanti nekatan, based on which PT is built and getting a 2 BHK do that price for that quality is really a steal. no other area has this benefit be it White field or SJ Pur. 2 Years from now, at 50-60 Lks PT will be about considerably cheaper than apartments in Whitefield and SJR. PT is great because it affordable and will always be affordable. PT is already a success and once its ready and real homeowners who visit the facility 2 years from now. 55 Lks for a 2bed will really be an extremely attractive propositions. Lets wait and see how things unfold.
I want to present the existing rates of few similar quality projects at various locations.
Prestige sunrise park : Rs 4300, possession after 3 years minimum.
Mantri serenity : 4900, possession in 2016.
PHL : 4800, at least 4 years.
Prestige fern residency : 5500, completion in 2016.
Purva sky dale : 5000, at least 3 years.
Purva palm beach : 4750, at least 3 years.
BGT : 4300′ possession in 2017.
Given these facts do you think 4000 for PT too much?
Also check secondary market data for brigade metropolis, mantri tranquil, sobha amethyst, purva skywood, ajmera infinity etc.
Well Said Andy!!
Skylark new project in Hoodi: < 3500
Bren Woods: 2800
SJR Parway: 3200
Plenty of resale good and ready to move 3BHK apartment ~ 50L. Just search few property portals
Skylark new project in Hoodi: – Who would want to stay under HT lines!!??
Bren Woods: Location is Off Hosur Rd, we are talking abt near Whitefield ITPL area
SJR Parway: Location is ok, still not great!
Plenty of resale good and ready to move 3BHK apartment ~ 50L. Just search few property portals- Point one form Tier1 builder.
Hi Joy,
Which Brigade project is being sold at 10K per sqft around? Please let me know. Thanks!
Vijay
10 K will be sold on internet only not on groud. And if you have money you can buy at whatever rate you want. Now do not come with an example of any project that is bang on MG road or in Central district. Brigae exotica could not give more den 5% return to people. Its not project specific, my comments are in generic. Initailly every project get apriaction just based on marketting.
Check total inventory hang on Old madras road ? also see how many apartment will be available on dec 2014-dec 2015. If area is not livale rate are not going to be high no matter its prestige or brigade.
If you can afford. 🙂
It is positioned right on the highway…while PT is about 2-3 kms away from the main highway.
http://www.brigadeexotica.com/form.php?utm_source=Adwords_Sep13&utm_medium=cpc&utm_campaign=BExotica_Sep13
Brigade Exotica rate is about 6K psft including statutory & not 10K.. stop sharing baseless information please. A 2700 sft apartment is costing about 1.6Cr — do the maths.
And yes there are no takers at 6K, that’s why they are offering freebies.
Hey Joy,
Thanks for sharing the link. I am aware of Brigade Exotica. But its price is between Rs 5000 – Rs 5500 per sqft now. When you mentioned Brigade is selling its units at Rs 10000 per sqft. I was wondering when Budigere road turned to be next Brigade road.
I have invested in Prestige tranquility at Rs 2628 per sqft during the prelaunch in 2011. Budigere road is still underdeveloped.
As far as i know, they are struggling to sell BGT at 4k/sft. PT rates are also hyped and at its peak now. good time for sellers to book profit now.
@PJR, true.. BGT, PLH, Brigade Cosmopolis. They are still available at ~10% appreciation from their pre-launch/launch price. That talks a lot about value buying that is emerging in Bangalore real estate. Investors and Buyers are shunning from insane pricing of projects for respective configurations/location etc..
I would rather see value in Republic of Whitefield (ROW) from Divyasree which is inside Technopark with walk able distance to brookfield which offers lot more value than these ridiculously prices other projects in nearby locality like Brigade Lake Front, Address Makers Five Summit, Rohan Avriti etc.
Guide to buyers:
Pros: 1, Location 2, Check the amenities/One of top of its kind, 3. Check the floor plans and layout, 4. Check total cost of apartment (2 BHK SBA 1045 costs ~56 ex taxes), 5. Builder Credentials.
Cons: 1. Density
Disclaimer: I am a buyer in the ROW. My view on ROW may be biased but see yourself to evaluate project.
Brigade is not bothered on selling their BGT project hence you don’t see any ad in the media. They have sold off their portions with very few being left. The land owner’s part is not sold since it is a joint venture. Usually in all projects the landowners sell only after the project is completed that too at the peak rate.
You see ads of those projects that the builder is desperate to sell or to achieve their sales target. They don’t bother on projects that are already sold hence you don’t see any ad of them.
For example
Brigade gives ad for Brigade Exotica, Meadows, Orchards, Cosmopolis, and lakefront.
Prestige gives Ad for Lakeside Habitat, Royal Garden, Mantri Giving Ad for Web city.
No Ad for Brigade Golden triangle, Altamont, Prestige Tranquility, Misty waters, Casabella
Same is the case with all Builders.
san
Hi All, I have 3 BHK (plus servant room) Apartment 1991 sqft in Tower3 in Prestige Tranquility. This is pool/clubhouse/landscape/inside facing. Planning to sell with in next two months. Any one interested please call me at 9663100550 or send me an email at
I have a 1328sft(3.5 bhk) unit for sale in PT in tower 10, it is 2 BHK+1 Family+1 study room , 2 bath, no common walls, interested may contact me.
I did not know that even a 1328 sft unit could be 3.5 BHK in PT??? Very weird.. as I always thought 1640 sft was the lowest config for a 3 BHK & anything below was 2 BHK
It is a 2 BHK, but can be converted to a 3 BHK if you use family room as a bed room. Regarding 0.5… I just meant the study room. May be I call it 3 BHK+study 🙂
Family room – what is that ? Are you referring to the living room as family room ?
Simply put its a 2 bedroom + 1 study .. am I correct ?
No, I am not referring to living room, family room and study room are separate, study room is associated to the master bedroom, are you seeing the floor plan? It has clearly marked family room.
https://www.dropbox.com/s/anwxwvde386ex7z/Combined%20A%20type%20%281%29.pdf
hi..do you still have it ? please send an email to
thanks.
What a hoax. PT does not have this size at 3 BHK. Moreover there is no concept of ‘no common walls’ in PT. Dont know what’s Reshma’s intention.
Hope if I had an upload option, in tower 10, PT had all 1 BHKs, because of the increased demand for 2 BHKs, they combined 1 BHK plans and made 2 BHK
1 BHK is 664 and 722
so combined type has 1328 and 1444 plans, yes very less folks know about it and it is not marketed much also not there in Prestige’s website . You can check with the sales guys.
See this link: https://www.dropbox.com/s/anwxwvde386ex7z/Combined%20A%20type%20%281%29.pdf for the floor plan of 1328
This is the best floor plan I have seen, good buy!!!
email id or contact number ?
Yeah, design is quite sensible & while combining two 1BHKs, some thought has gone behind. Bedrooms looks smaller though & maybe the partition between one of the bedrooms & study room can be modified to make that a master bedroom. Balconies are a little cramped, but overall a good way to accommodate 3+1 within 1440 sft
And no common walls, check it out from the floor plan!
I heard that there are some units in tower#10/11/12. They are actually 1BHK units. Two 1BHKs are merged and thats why the extra kitchen is being considered as study/family room or whetever. Since two 1BHKs are merged, there wont be any common walls
Hi,
I am interested in buying a 3 BHK in PT. Please email me the details (block+flat number, price expected, Sq ft. Area etc) at if anyone is selling.
thanks!
we have a 3 bhk in tower 15 middle 9 floor flat no 4, price 3950/- including transfer fee, floor rise & transfer fee.
Hi
We are selling our 3 bhk+ study 1820 sq.ft flat in tower 13, level 17,at 4000/ sq.ft base price. Let me know if interested-
Does it include floor rise and transfer fee. Btw.. how much the builder charge for transfer fee. and what is amount for car park etc.,
Hi
Please share your email id and i can post you the details
Thanks
Uma.
Hi,
I booked an apartment in Prestige Tranquility and i would like to take Home Loan from SBI. Can any one help me with the SBI person’s contact number who handles housing loan for the Prestige Tranquility.
Can anyone please suggest, when tranquility would be ready for possession?
Looking for a realistic date, when we can expect to start living?
Anytime between Mar – Jun ’15
What is the status of PRR? Does it pass through anywhere near to PT?
The entry/exit should be 3 kms from PT. It cuts old madras road near the yallama lake which is around 1-2 km from Budigere cross.
I thought the main road outside PT was PRR & was planned for expansion.
I am confused. Can someone give the exact location for upcoming ring road?
PRR is not the road which passes infrom of PT. Its called silvasa road. PRR passes from Hirandahalli and intersects Old Madras Road (NH 4) near Sree Mahalakshmi Venkateswara School in Avalahalli. If anyone needs extact informationyou can see in CDP 2015, with exact survey number.
Hi,
I am interested to buy a 2 BHK less than 1100 sq ft @3600 per sq ft all inclusive.
Regards,
Debiprasad
@ Debi, I guess you are expecting 2012 prices… 🙂 .. wakeup – its 2013 & bsp is 4K+
Anybody who is in the market for some time, will know that 4k+ is not the fair price for PT, considering the location. anything more then 3600/- is means you have not looked property in other places.
Besides there are plenty of sellers ready to sell at 3600/-.
Hi, I have a 2 BHK in Prestige Tranquility – Type F, Tower 7, 10th Floor – 1168 sq ft. The flat is facing the villas ( GR Sun villas) I am willing to sell the same. I am looking for Rs.4100/- per square feet (all inclusive).
Genuine buyers please call me in 9900080566.
Looking for 2BHK in PT in resale. Plz mail me at yashvir.chauhan at gmail.com.
I was also interested in the project…but was wondering if the factories immediately around the project will be shifted? or will they stick around?… would the ‘tranquility’ be impacted by polluted air/water and smoke/smell 🙂 ?
I am looking for a 3BHK in PT, anyone interested to sell please contact me
Ajit – Please contact me at mridulp2004 at gmail dot com.
we have a 3 bhk in tower 15 middle 9 floor flat no 4, price 3950/- including transfer fee, floor rise & transfer fee.
I am looking for a 3 BHK. Please contact us at
Hi sait…If its still available, can you send me details at
PT is likely to lunch its Signature tower in 1st quarter of 2014. According to them feed factory will be removed before that
The rate will be around Rs.5000/-psft.
are these info your personal assumption or from prestige ?
It is not worth for 5000/- for this location…May be after 1-2 years..
Instead people can go for Salarpuria or BGT from location point of view…
BTW,why do you think it will be prices at 5000/-? Are there any specific changes in the design and interiors compared to other towers?
just hype from prestige. I could get 2BHK in 45 all inclusive in re-sale. People are desperate to sale but no buyer,Try bargaining hard. I dropped because of factory, spoke to worker’s their and they say no plan to shift. If you speak kannada go and check reality. They know better then us,its their only source of income. IT applicaple to almost all project which are far from city and nearing completion. Huge supply of flats but areas are not livable. Some families satying in pruska silvana, u can check reality wth them, how livable is that place.
The rate is as per the statement of the prestige sales guy.
5000/- sounds ambitious. 4,500/- is more realistic for T17 launch, as it is expected to have richer specs. With road widening approvals in & construction more than 50% done, adds to its USP
PT rocks !
The first part on Signature towers… started already. But factory is still there.
yes , feed factory expected to shift within 2014 itself
from where did you got this info ? I did not see any sign of factory shifting. To shift a factory you need lot of work, new location/building needs to be constructed. Workers needs to be informed in advance ( they have union not like IT guys ). They do not earn so much that can change their house/home easily. People in a factor will get to know at least 2 year in advance before it get shifted.
And there is no plan. any one can go and talk to worker over there. Infact there is a cigarette/tea shop there , he knows reality.
I know you have an investment there but you should not put information without checking on a public form.
I used the word ‘expected’ to move and did not say that its moving for sure. Advise you to read carefully.
As far as sources are concerned, they are certainly more credible than cigarette/paan wallas who apparently seems to be offering some different information to those who missed investing 😉
do not forget to read this – http://www.ispeaktruth.com/avoid-investing-in-flats/
I am selling my 2 bhk 1149 sq feet@ 3655in tower1 premium apartment with garden view south facing, 1 floor. If interested contact
would like to discuss for the same.
Please give your phone number
I heard about Prestige constructions selling flats at very competitive prices. We visited prestige tranquility, in budigere cross near KR puram. We found it very appealing. They are offering so many amenities at such low cost. Contrary to the reviews, about a chicken feeding factory located nearby giving out bad odour, we found the place extremely pleasant. There was good air and no sign of bad smell at all. Hence we visited the Prestige tranquility site on the next weekend again in the evening. Again there was no bad smell as mentioned in the reviews. I visited the sited with two of my friends who were also interested to buy flats for self-occupation. They also checked the details of the project and cross checked the reviews on the chicken feeding factory. They went ahead and bought two bed flats there. We also brought a flat in tower1 for self-occupation.
Are there apartments still available at tranquility? Whats the rate going on now?
Thanks!
That is good…! I used to get terrible foul smell everytime i used to visit PT. But that was in Jan- Feb period. But may be now they stopped operating…???
wishful thinking. Last time I went a month back it was still the same smell when u go near the office.
No Offence, but you may want to get your nose checked 🙂
Foul smell is being sensed by those, who missed investing at the time of launch 😉
The cost does not include the remaining call letter amount.
Good decision! Congrats! Now we are neighbours… :-p
Prestige sales person told me that by next year they are coming with signature tower right in front of animal feeding factory and the basic price will be between Rs.5000-5500. So, by next year the factory will be shut down.
Hi Simha, if rates are expected to touch 5000- 5500 psft after 1 year, why have you posted your property for sale @ 3655 /- ?
What authority Prestige has to close a factory it doesn’t own?
Hi Guys,
I had been to prestige on Saturday to discuss some other project… And when I asked them about private sales apartments at Tranqulity… they said quite a few of them are changing hands around the 3,500/- range.
3500/- is the BSP or all inclusive rate ? When I spoke to Prestige last, there is nothing below 4000/- BSP & that too very limited options on very high floors hence effective price will be higher
Let us know which flats are available at your quoted price, as it sounds very hard to believe
Probably Mr. Ravi is getting at 3500/- all inclusive (also including Service Tax, BESCOM, Stamp duty, Vat, Registration etc)
If you do find a flat @3500 I believe that is a bit of a steal and you should certainly pick it up if you’d been considering investing in PT.
If any body is interested in selling the 2BHK apartment in PT, drop me a mail at .
Hi All,
I am planning to sell my 2bhk flat in Prestige Tranquility.
Please find the below details:
Tower: 6
Floor: 7th floor
Sqft: 1162
Entrance facing: East Facing
Balcony facing: Park
No. of balcony: 1
Type: Type F- 2BHK
Price: On call.
Mail me @ to know the details further.
Thanks,
Ramakanth
Looking for 3 bhk , 3600 sq ft. Is anyone interested to resell, please email at
I am looking to get a 3 bhk flat around 3900 p sq ft. If anyone interested, please contact me at
Hi All,
I am planning to sell my 2bhk flat.
The details are below,
Flat number: 9094
Tower: 9
Floor: 9th floor
Sqft: 1087
Entrance facing: North east.
Balcony facing: Park / Pool view [inside view]
No. of balcony: 1
Type: Type C- 2BHK
Price: On call.
Get back to me if you are interested.[09916833467 / ]
Regards,
Senthilvel.P
Would like to buy a 2 bhk flat at PT. Pl let me know the current sale px and the loan possibilities.
I am looking out for a property and interested in PT. it any availability for sale please let me drop me a mail with your expected price.
Mail I’d
Thanks for reply
Hi All,
I am planning to buy a resale apt in PT. Is it wise to invest in this project at current price?
It was good to invest in PT during pre-launch but now it will be foolish to invest at this price, my personal opinion though.
Hi All,
I am planning to buy a 2BHK from a dealer. Is it wise to go for this? What things do I need to get clarified before going ahead with this?
Current price he is asking is 3875psf , no negotiation. Is it a good price or there is a chance it might get lower on negotiation.
Please let me know if any of existing onwers are planning to sell , please mail to
I am planning to buy a resale property in PT and the owner is quoting 3950 psf. Is it worth investing this much for this locality. Pls advice
The rate is a bit high even as per the going market rate. Search in some property sites, and you will see ads for selling at 3800. Even i have been evaluating resale properties in this project recently(havent finalized anything so far), and i have realised that there are a couple of things to be additionally checked-
1. Some money minded owners are proposing ‘sharing of transfer fee’- get that checked with your seller. Its his duty to pay the entire fee, not yours.
2. Some of them are asking for money in black, so as to cut their taxes. While this is illegal, guess this goes on- are you ok with such a thing?
3. Is your 3950 the base price, or does it also include any premium and floor rising charges?
Thanks for the response. It is a 2 BHK (1139 sqft ) facing inwards. May be that’s why the owner has mentioned 3950 Rs/sqft. I need to check on the transfer fees.
I need some advice on resale transaction. Hows will be this process? What all documents I need to get transferred to my name. How should i make payment to the current owner and How do I apply for a bank loan in such case. Please advice
You are buying this flat before registration, so only prestige will transfer this flat to your name by taking transfer fee. You will get flat allotment letter with your name from prestige. after some days you will get sale and construction agreement from prestige and pay future payment.
Hi,
I ahve 3.5 bhk flat in PT. Pleas let me know if you are interested.
Pl could you let us know the sq.ft. area and your expectation.
Hi Mahima,
Can you let me know which building number, floor number, sq ft area and price you are expecting? my email id is
Hi Mahima, Can you please email me the details as well. thanks Ravi
Guys, has anyone seen the floor plans? Have any of u bought the 1162 sqft 2 BHK? The amazing thing is it has 1 balcony less than the other dimensions, while rest of the rooms are more or less the same! So effectively you are paying a lakh or so more for 1 balcony less!
Guys,
Is this property worth investing @ Rs3800+ floor wise rise.
Will it be liveable by 2015 June? And will it appreciate by then?
Cheers
Hi
Looking to sell my 3BHK unit(1636 sq.ft) at T13. Interested ppl drop an email for further details
Email:
Hello,
I am looking for 3 BHK apartment in this area. Could you please send me the details of the flat along with the expected price to
Regards,
Krishna
is this still available ???
yes it is still avaialable. Please contact me personally for furthur details
Thanks
Ramesh
Looking to Sell my 2 BHK. Tower 1. 5th Floor. brokers please excuse. drop me a mail on
Hi all…What is the current booking status for Prestige Tranquility. I am quite optimistic with this investment given there are so many projects including Brigade, coming up in that area. This area will see a min. 15% per annum elevation.
What is the current availability of 2/3 BHK & at what rates . When are they launching Signature Tower ?
Also what is the latest on the Budigere road widening status ?
Intereset in buying 2bhk flflat in 8th tower. Preferably lower floors. Send mail to
Thanks
Any idea when is PT launching their Signature tower & at what rate ? I heard that were awaiting the approval on road widening, which i guess is already in.
I think overall PT has been a good investment. Moreso when i read comments from Brigade GT where pre- launch customers are not very happy after getting a raw deal. Thoughts please ?
I have booked a 2BHK in tower 6, I am trying to join the owner’s group….Please help me with it.
Hi Amol Verma I am Debaranjan booked in 7th tower of PT.I am also searching to joining any group based on towerwise.
Hello Friends,
I am looking for a 2BHK Type D in Prestige Tranquility. If anyone ready to sell, please contact @
I am planning to close it ASAP.
Thanks.
Friends,
I am looking for a 3BHK in Prestige Tranquality
– preferably in tower T3,T4,T5.
– Inside facing
-between 3rd floor to last but one floor
please send the details at
I am planning to close it ASAP.
thanks
Ittium
2.5 bhk available in prestige tranquiltiy for sale.
1328 sqft in tower 10. Its merged flat of unit number 04 and 05.
Hence only 4 flats per floor.
Hi Ankur,
I am interested in the property. Will you please drop me a mail @ with contact number to discuss the things further.
Thanks.
Please let me know the details
Looks like someone had spammed the polls and made it look a better investment- 75 % saying yes.
with 100% booked project, why are you suspecting the poll results ? Are you not happy with the way your investment has grown with PT ?
Now I know who had spammed the polls.
100 % booked doesn’t mean it’s a good investment
One or more cheap folks who booked and wanted more profit in resales might have spammed.
I was just letting innocent folks in the forum know that poll results may not be right
Well you are the only one who has challenged this.. so not sure on what grounds are you saying this ? I am sure you have not booked in PT.. so what is prompting you to stay in this group & make unsubstantiated remarks ? Join a group where you have invested rather than spreading rumours.
100% booked project may not be a good investment… this statement of yours makes little sense.. to me atleast. I am sorry for sounding straight, but that’s a fact !
1. This is not owners group. What a great understanding by you . LMAO. I wonder if you are thinking this page as prestige site 😀
2. I’m not debating if pt is good invesent or not but just saying poll is spammed by people like you
Please understand,I was not trying to spread negative reviews on project or something , my focus was purely in the wrong poll data because of the spam. I had been observing the poll for few months which nearly showed 50-50 kinds but all of a sudden sudden there was a surge , hence it made me to put a very simple comment at first .
I am looking to buy a 1 BHK in Prestige Tranquility. If anyone is interested to sell his flat pls contact me at kaps_ahuja(AT)yahoo.co.in
I am selling my 3BHK (1636 sft) in Tower 13 – 11th floor, outside facing with view of Pruksha Silvana villas, Main door facing North; for Rs. 67 lacs base price + other charges. Please reply if interested… brokers pls excuse.
can you mail me the cost break up please.
Hi Mridul, please mail me your contact details to get in touch with you –
I will appreciate if you could share the break-up of cost with me.
Regards
Abhijit
Abhijit – Please share your email ID… mine is .
can u pls mail me details .
I am interested for your property.
Please share the cost break-up of your flat and share your e-mail and contact no.
Sudha – Please email to . I will reply back with details. Thx.
Please send me the details of the flat along with cost break up at
I am interested in buying 1BHK (722 sq. ft area)
Is anyone interested in reselling?
Contact me at 9980798084
I have a 1991 sft 3BHK for sale; on 1st floor. East facing, open towards garden and outside. Selling for Rs.3500 per sft plus car park.
I am interested, drop me a mail at
Am interested; pls contact me at