Prestige Sunnyside
Prestige Sunnyside
Prestige group is on a roll this quarter announcing the pre-launch of yet another apartment project called Prestige Sunnyside located in Bangalore close to Outer Ring Road between Sarjapur Road and Marathalli junction. After launching Prestige Tranquility and then Prestige Parkview this is the 3rd project by Prestige Group in a short span of 2 months. Update: Prestige Sunnyside officially launched on September 14th.
Prestige Sunnyside is located in the heart of the IT Corridor with many IT Parks like Vrindavan Tech Village, Cisco Tech Park, RMZ Ecospace, Intel in its neighborhood. Being off the outer ring road the location provides good connectivity to major parts of the city. Prestige Sunnyside is spread across 5 acres divided into two phases. Interestingly the project phases are also divided by land and are not connected, the two phases are named as Prestige Sunnyside Oak adn Prestige Sunnyside ELM.
Prestige Sunnyside Oak is on 3.8 acres of land and will have 3 towers with 19 levels.
Prestige Sunnyside Elm is on 1.25 acres of land and will have 2 towers with 10 levels.
Prestige Sunnyside Location
Right behind Vrindavan Tech Village
[iframe src=”http://wikimapia.org/#lat=12.9312249&lon=77.6961279&z=16&l=0&ifr=1&m=b” width=”450″ height=”250″]
Prestige Sunnyside Options
Oak Block
- 2 BHK –
1370 sft1294 sft - 3 BHK – 1760 sft,
18561875 sft - 3 BHK + Servant Room – 2124 sft
- 4 BHK + Servant Room – 2439 sft
Elm Block
- 2 BHK –
1311 sft and 1391 sft1218 to 1274 sft - 3 BHK –
1884 sft and 1898 sft1776 to 1913 sft
Prestige Sunnyside Price
With a good location and being a luxury project the price of Prestige Sunnyside at Rs. 4950/- per sft is on the higher end, and the price is only valid through the pre-launch offer period.
- Floor Rise charges are Rs. 20 per floor
- Car Parking Rs. 3 lakhs
Booking Amount
- 2BHK – Rs. 5 lakhs
- 3BHK – Rs. 7.5 lakhs
- 4 BHK – 10 lakhs
Expected completion of the project is 2014.
Prestige Sunnyside – Take the poll
[polldaddy poll=5372761]Prestige Sunnyside Buyers Group
Or you really serious about buying an 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 if you are only planning or undecided then you should leave a comment here or check out the forum.
Hi,
i am interested to buy a 2BHK in the oak tower of prestige sunnyside . Any interested sellers, please send the details to maheshrouthu@gmail.com
I have 1294 sq ft in Oak tower possession is tentative in September. I am interested in selling without registering it on my name. Let me know if you are interested
please send me the details of ur flat and the price
I am interested to buy at Sunnyside
I am interested. Send the details to ad.techie2011@gmail.com
Hi, i have 2bhk in Elm block on 3rd level @Rs.6100/- includes floor rise and transfer fee, interested buyers cal me for more info 7406648445
I am looking to resell my 2 BHK apartment in prestige sunnyside elm, tower 2. Please drop me a mail at sunnyside.elmowner@gmail.com if you are interested.
No one is buying properties nowadays. People are waiting the prices to correct. You may have to wait for a few years before you can sell your apartment.
Looking for 4BHK in Prestige Sunnyside . Interested parties pls call me at 8861033512 .
Hi Guys,
I liked the prestige sunny side floor plan a lot. Let me know if anyone is planning to sell.
Also, i would like to know if Brigade Lakefront is a better choice or Prestige Sunnyside ?? Sunnyside is on the road and might create noise pollution after 2-3 years. Will substation create any problem as it shares the boundary wall ???
Regards,
Puneet
What is your ph no ?
Hi Jitin, can you email me at pareekpuneet@yahoo.com and I can share my number on email.
Puneet
Urgently required 4bhk flat for purchase in Prestige sunnyside oak my budget 6200 – 6300/- per sqft +
please send me details direct owners only email id: ganshul15@yahoo.com
Immediate close
Broker?
Hello,
I am looking for 3bhk in prestige sunnyside oak flat for purchase budget 6250-6300/- per sft ++
if you have direct owners please contact me or send email arora7812@yahoo.com
Thanks
Akash
Anyone buy/sell in Sunnyside recently? Trying to figure out what’s the going rate right now. Seems to vary between 6000-6500. I was told by a broker the builder was selling off his last units at 6000 about 3-4 months ago. If that’s true, and it looks like prices (in general) have dipped recently, correct price should be below 6000??
Any one has ideas??
Not sure how you got information that prices have dipped. I have been searching around for quite few months in this area but all projects look to be above 6.2k+ range. Perhaps you can pass me some pointers?
If anyone have a 3bhk in Sunnyside for sale then please contact me, looking for myself.
3BR , 1875sqft for sale at Prestige Sunnyside 9845288104 Bharat
I have a unit available in 8th floor Oak Tower 1700sqft for 6200/- if Interested Please call me back I want to sell it urgently
My offer for this 75 laks + registration..Let me know if you are ok with this price
LOL ! Good Luck !
Y don’t u ask the flat for free of cost? He is quoting Rs.1 crore plus and you are asking 75 lacs. Be reasonable. Y not u bend down everytime when I want you to, and I will gift a flat for you. Lol.
@Iyer: if raj is free to name his price so is priya. whats is wrong in that. if they agree its a deal and if they dont its no deal. why are you poking your nose in that transaction?
Buyers are free to quote the price they feel reasonable.
Or Harsha Sagar can open a auctions section for the buyers to bid and buy. Until that time, sellers can consider putting up their properties for auction on ebay.
That’s the best method to gauge real market valuation of these over hyped properties
cool guys..its the buyers market now..He has got the right to ask any price..since the seller doesnot have any justificaton for 1 cr..so is the buyer..let us not get too personal..we will play by the situation..
iyer – btw .are you an agent ?
Guys..pls watch the NDTV Property show..you will learn about the pain of million people who have paid money to the builder and see no progress..better to avoid investing in real estate till we get the real estate regulator bill
Would suggest people who respond in this blog can spend few mins to write an email to prime minister and president..to control the builders
iyer..what happened..did you get any one for 1 cr?
i am interested for 75 lacks if raj is ready to sell
My best offer is 75.5 lacs.
Hi, provided the possession is not expected to get delayed beyond Feb 2015, I can offer to pay 90L. If fine you can mail me and we can discuss further – mayank.mail@gmail.com
I have a request for both buyers and sellers. Once you close the deal, can you please update us about the FINAL price at which the transaction is closed. That way other sellers will also come to know how much to expect and buyers will know the going price of the property.
This is required, as we all know, the last price at which builder sells and exits is ULTRA hyped and, with many “unarmed” sellers trying sell at the same time, they can’t expect the same price.
Agree manju.Last week i got a call from Mantri regarding webcity project..I told them prices have gone up drastically..without any reason..the person did not know why the price is 5000 rs/sqft..no infrastructure, no water, no employment generation etc..
I told mantri…there are lots of apartments available is discounted sales.that there are close to 1 lakh homes unsold..the person did not say anything and kept the phone..
Not everyone can afford 1 cr to book an apartment..people neds to live life and take care of all challenges in life that come across..paying 1 lakh pm is not at all feasible for indian salary..only NRIs can buy but not live here ..that is the reality.
I know a friend who is NOT an NRI. He have gone on official trip outside india only for 5 months in his 15 year experience. He is salaried. He booked a 3BHK apartment in PSS for the price you have mentioned above completely out of his own income. Its not that he has put every penny from his savings into this apartment. He have enough savings left AFAIK. So it is possible 🙂
5000 price for webcity is high or not is your call but can you please let us all know aparments which are at discounted price than their last year price. One lakh unsold homes does not mean one lakh ready to move in homes. It includes launched , pre launched , under construction as well. Bangalore has seen maximum pre launches in last one n half year from any other city in india because of which one lakh unsold inventory figure arise and one cant except all homes will be soldmas soon as launched.
North bangalore is the next hub for infrastructure and you can see that by observing various initiative taken on that side ORR and elevated express ways for airport. Employment generation in recent years is also happening maximum in north where manyata has already workstrength of one lakh which will increase to 1.50 in future. Brigade magnum and hinduja tech parks are also coming up.
But this reports just says the opposite:
http://www.proptiger.com/blog/realty-check-performance-scorecard-of-bangalore-in-the-first-half-of-2014/
There were not so many new launches as you would imagine. It as come down drastically. To quote the report:
Number of new unit launches has steadily come down in last few quarters in Bangalore registering only 9,746 units launched in quarter ending June 2014 compared to 26,469 units launched in quarter ending June 2013.
Manjushree please read my post properly Firstly i am telling bangalore had maximum launches in comparison to any other city in last one n half year. Secondly june 2013 quarter and june 2014 quarter both comes in last one n half year.
Thanks for the clarification. But, can you cite a report that says that:
>>>>> bangalore had maximum launches in comparison to any other city in last one n half year.
which can justify tons of units remaining unsold?
Or is it just out of your imagination?
Ashish,
you are right.. interpretation of any data is subject to how well one understand the details and finer elements that are not otherwise known… your point w.r.t launch etc is valid.
whether its mantri or any other project and i have been reading several posts from manjushree and others… although i respect everyone’s opinion and it helps get different perspectives, i do think some of it is far from reality….
for example, its virtually impossible to find a good apartment from a good builder at 4k kind of price…i have been looking around for over 1.5 yrs.. what makes me even more certain now is that a friend of mine just sold his 10 yr old apartment y’day at a price of rs 4100/sq ft .. this is in a location around kanakpura raod.. the apartment is good in terms of build quality but there are no amenities like swimming pool etc.. i would say even the location is at best average..
so irrespective of whether 5k for mantri webcity is a good price or not ( i personally don’t think it is ) fact is that its not going to come down dramatically…..
a project liek Bhartiya city which is close to mantri is probably a much better project but still priced arround 4700 right now with construction going on….
Manjushree, check my below links , first three cites banglore tops in launches in 2013 and 2014 and rest links explains bangalore as consistent, most preferred and in no alarming situation. Here I want to point that we can get these reports on google which depends what are your keywords which varies from ‘real estste bangalore’ or ‘best real estate market in india’ (which is passive case like mine) or ‘ crash in real estate in india’ or ‘dips in sales, launches etc’ (depressive like yours). I hope you will reply with one more post with depressed article link..
http://crorepatihomes.wordpress.com/2014/01/06/bangalore-realty-review-2013-area-wise-prospects-for-2014/
http://www.thehindubusinessline.com/industry-and-economy/real-estate/new-housing-unit-launches-up-43-in-first-quarter/article5960388.ece
http://articles.economictimes.indiatimes.com/2013-08-01/news/40962820_1_launches-capital-values-developers
http://articles.economictimes.indiatimes.com/2014-08-20/news/53029025_1_motilal-oswal-private-equity-milestone-capital-advisors-red-fort-capital
http://www.thehindu.com/todays-paper/tp-national/tp-karnataka/bangalore-the-most-preferred-place-for-buying-house-assocham-survey/article5715573.ece
if the builder is quoting same rate for 1 year amid the 10% inflation we are in, that itself is a 10% discount.
Clicked the submit button fast.
if the builder is quoting same rate for 1 year amid the 10% inflation we are in, that itself is a 10% discount. Not sure why people expect it to drop down further. No doubt real estate in india is not in great shape now. Even if it crashes in short term, its going to bounce back over long term (> 7-8 years).
When real estate market in a developed country where economy is going at a slower pace like US is hot now, why cant a developing country like india when supported by government with proper policies cannot have a medium to ling term attractive real estate market?
PS: Investment in real estate in metros is for HNIs.
http://www.forbes.com/sites/greatspeculations/2014/05/28/playing-the-surge-in-california-real-estate/
http://www.bloomberg.com/news/2014-09-23/fewer-california-affordable-homes-planned-on-brown-s-cuts.html
After the crash in US, RE is rebounding. U do a comparison between US and India? In US price to income ratio of avg home is less than 4. Avg salary is 50k $ a year and avg house price is around 2lak $. In India what is the average salary?If you go by official figures its 64k Rs a year. Even if you consider only urban area, still average income may not be more than 400k Rs in many cities for a family. But avg home price?50lak,40lak etc. U see the diff?
Thanks for your comments.
I would very much like to add to it, discussing how US and Indian markets dynamics are different.
But before I do that, Can you please clarify and define:
>>>> attractive real estate market?
What is that attractiveness you are talking about in real terms?
Attractive to whom? To HOME buyers, builders, investors, banks, NRIs, labor class, unemployed, government, economy, or even environment …and how?
Because there is a whole set of predator–prey dynamics involved here, and ones gain may be at some else’s loss.
I guess manjushree will now start another round of gyan from manjushree school of real estate management. …reading all her negative comments, i wonder whats her objective and agenda? Sounds like frustration
Guys,
Let me know what you are recommending..
1. What is the right time to buy a property for end use? If not now, how long one should wait.
2. Are you saying folks never to invest in RE?? If yes, why?
I am trying to be neutral and giving a broader picture but you guys keep reading between lines. I am saying investment in RE is same as investing in stock market. Take risk with your own money and not by taking a loan.
PS: I am not an investor in RE. I have booked an apartment for my end use.
I got few listings on commonfloor.com and tried to find average price at which people are posting. It came out to approx Rs. 6350/-
Friends,,the future is only for affordable housing..in the range of 40-65 laks.in cities. The government wants to give everyone one house..It is moving in the right direction..people who are greedy will be in trouble rest..that is the fact.
All projects which are above 65 laks are going to crash soon..i can share you the facts..
Would request everyone to google prop tiger,magic bricks on expert opinion..we will come to know that 40 % of the properties are not sold..it will take atleast 2 years to clear all the inventory.. there are lots of apartments which are not occupied as well.
Its better to wait and then buy..my friend recently bought an house in Newjersy,USA for 300K USD – approx 2 cr..where you get 24*7 water,power,cleanliness..no garbage,polution free etc. If i spend the same amount will i get any one ? lets think about this and then decide..we all can settle in aboroad if we save money..prices in developed countires are not raising by 10-20 %..
Thing is people like you are obsessed with US… not a bad thing but comparing anything w.r.t RE market with US with india is like comparing apples to oranges. … usual thing everyone in IT does but it would be better to compare with a true developing economy if at all one wants to compare….
Right from land availability to demand to income to inflation to taxes, are very different. ….if you end up comparing some European countries with US probably they would appear better in lots of parameters so no point doing these comparisons…….be logical
@buyer,
The problem is, people here are selling oranges as apples. If they sell apples at apples price and oranges at oranges price, no one will compare.
People who have seen the RE market in US and Europe, will definitely compare the quality and price.
If someone has option to buy better quality homes outside India at same price, they obviously prefer that.
@baasu …….i get what you mean and agree to it….i have been to several countries outside india to know that however point is end of the one needs to be practical n logical……on one side isnt is assumed that market is driven by foreign money so why are these people investing here?
Btw, forgot to say that even singapore is much much better option than US
Is it wise to rely on the price mentioned by folks on a open forum like this? How do you verify the authenticity of the data posted here? BTW, I bought a 4BHK in Prestige Sunnyside recently for 5K per sq.ft. The seller was desparate to sell it and I negotiated for 5K and he agreed since I paid 35L by cash.
@KayAar
5K per sqft. @ PSS. Thanks for your inputs.
>>> Is it wise to rely on the price mentioned by folks on a open forum like this? How do you verify the authenticity of the data posted here?
That’s how public polls work. After 70 to 100 inputs, we can be reliable average them out. It will still be a good starting point for seller and buyer alike, showing them the true market value instead of sitting with false expectations.
Thanks for the price disclosure. Is 5K the all inclusive price (excluding reg) or is it 5K+parking+amenities+KEB+BWSSB+VAT+ST ? What is the all inclusive price excluding registration.
I am interstead to Buy in Prestige sunny side in Oak. If any genuine sellers can contact me @
palsai536@gmail.com
Raj
Have you sold your apartment? If not share ur contact details
I am looking a 3bhk apartment in prestige sunny side. If anyone is looking to sell their unit, please reAch me @ jack.m86m@gmail.com
If you are still looking for 3BHK Kindly revert back 9844631929/rrisahil@mail.com
Dear All,
If anyone interested in selling 3BHK in sunny-side kindly pass me the details @ hemantsadhwani@gmail.com
Thanks in Advance!!
Best Regards
-Hemant
Call me at 9845288104 if you are still interested in 3BR at Prestige Sunnyside.
palsai536@gmail.com: Send me the details. I am interested.
I am interested in 3bhk apartment in prestige sunnyside. Send me the details at jayagho@gmail.com.
Hi All,
I hold a 2 BHK apt in PSS Oak and looking forward to sell it.
Interested ones can reach me on deepak.maheshwari@dexlerholdings.com
Regards,
Deepak
Hi, I am looking for a 2 BHK apartment in Prestige Sunny Side. Any one interested in selling could contact me on the above e-mail
rajan
Dear rajan,
i am unable to find your mail id.
Kindly mention it.
Hello people,
If any of you is willing to sell an apartment in prestige Sunnyside, please let me know.
Thanks,
Sikander
Can you give your contacts details..
I have an 1875 Sq.Ft 3 BHK Apartment in Prestige Sunnyside . If you are interested drop me an e-mail at sudheerraj@gmail.com
Hi all, Looking for a 3BHK at Prestige Sunnyside. What is the possession timeline and what is the going resale rate
Cheers,
Mayank
It should be ready to occupy by June 2015. Apartments are coming for re-sale. Ask price is 6000-6300psft.
Please contact me at sharan010@gmail.com
I’m looking to sell my 2bhk oak tower2 6th floor unit
-Sharan
Hi,
I am looking to sell my 2BHK in PSS ELM. Please mail me at psselm.sell@gmail.com if interested.
Thanks
Hi,
Is your apartment still available? Let me know if it is available.
Thanks
Yes it is available. Please drop me a mail at mentioned address.
Thanks
I was told that elm block (2 tower with 10 floors each) is on track whereas oak (3 towers with 19 floors) is getting delayed by more than 6 months. Are there any updates on the same?
can you pls get in touch with me if you still own an apt in Prestige Sunnyside Oak.
Thanks,
Sunny
Give me your id.
sunny_55@yahoo.com
Does anyone know the current status of handover?
Prathap,
Do you own an apartment in this project? If yes, we have a google groups/whatsapp group in which you can get the details.
-KR
Hi…
Would you know if anyone is interested in selling a 2bhk in Oak/prestige sunnyside.
I can be reached at gauravjaincr@gmail.com
Thanks
I just passed by this place yesterday, in my pursuit to buy an apartment, but surprised to see people agreeing to live so close by to a major substation. Bangalore is going crazy !!
Read this http://www.lessemf.com/pamphlet.html to understand the electro magnetic affects of living close by to a major power source
Yes, I had written about this earlier. This was a major concern. Well, the situation in Bangalore is such that people are willing to book even in hell & as a result, all the Devils (read Builders) are laughing all the way to the bank !
The report talks only about people living within 50m from the transmission lines. Except for the tower 2 in elm block, rest of the blocks should be easily 75m away from the substation.
To close the loop, I checked with one of my acquaintance who is an electrical engineer working on commissioning large scale power projects across india. He says that since there is no major transmission lines running out of this substation over the project, its 100% safe to buy the project. The substation itself doesn’t pose any issues. Come on, consider thousands of families working on majoe hydel and thermal power projects across india and staying close to major lines running all over them. Sometimes Internet creates unnecessary fear in us though most of the time it helps. If at all we should worry about the radiations, lets start by not using mobiles.
Well, I was talking to a prestige guy for a different project which is just launched on the same road and to answer why this project (newly launched) is at a higher price than current Sunnyside price, he himself says that there is big transmission power lines close to Sunnyside thats why we launched Sunnyside cheaply…Though He was trying to justify the price of this newly launched project, but he told the truth..
I think you are talking about Jade Pavilion. This information is totally incorrect. Can you name the sales guy who said it? Here are few thoughts for you to ponder over:
1. Why do they charge less for Ivy Terraces and Prestige Silver Crest which was launched before Jade Pavilion. Jade Pavilion belongs to super luxury category whereas Ivy Terraces and Sunnyside belong to luxuy category. Jade Pavilion has 266 apartments in 4.6 acres whereas Sunnyside Oak has 280+ apartments in 3.8 acres. which means the UDS for each apartment is going to be high for Jade Pavilion and also the specifications are also different. That is the reason for the price being high.
What I know is that they pre-launched JP for 6K per sft but now they have reduced the price to 5800+ due to less demand. I dont know if they will compromise on the specifications.
2. There are NO transmission lines. There is only substation. Can you post a pic of the transmission line there?
If you want, we can go together and talk to the sales guy. Either you are being mis-guided or you are mis-guiding others for personal reasons.
I wrote the words told to me by Sales guy..there nothing personal, Its for the buyers to find out details about the power substation. No Need to harp..the truth is that its there..is there..
Thats my point as well. if what you or the sales guy told is true, reveal his identity for the benefit of hundreds of families who might buy an apartment here. Internet is a powerful medium and passing such comments without proper verification/identity is not ethical.
BTW, there is difference between high power tranmission lines and substation. We can see hundreds of houses very very close to substations all over india in towns and cities. I checked with a radiologist, two electrical engineers, after seeing such comments in net, and got confirmation that there is absolutely no issues in staying close to substation. I am revealing it here for the benefit of others. BTW, I am not a sales guy or a marketing guy but an end-user who is planning to buy a good apartment.
Yes, there are hundreds who are staying close to garbage, grave yard, railway lines etc…but thats not the point here..please dont drag to elsewhere.
The point is matter of convenience, choice..whether if someone who has an option of paying a certain amount prefer to stay closer to substation,,thats it..
I am basing my argument on real facts whereas you are just re-iterating the same point again and again without proof. Initially you said transmission lines and now you changed it to substation. No point in dragging this discussion. Bye
Again to give you an idea, Sobha Cinnamon in Haralur Road belongs to luxury category whereas Sobha Eternia and Classic belongs to super luxury category. Even there Sobha Classic which ready to occupy is available for re-sale at1.15cr whereas starting price (all inclusive) for Sobha Eternia which is 2 years away from occupation is 1.3cr. Again UDS, FSI and other amenities and specifications come into consideration here. Dont say that some ‘Sobha Guy’ said that since some Sobha Classic apartments have graveyard view they sold it for lesser price!
Ok this Yaja again. Nice to see so much discussion on the topic I raised earlier.
Anyway read these articles, clear reports on this issue indicating no affect on health.
http://www.parliament.uk/briefing-papers/SN06151.pdf
http://ec.europa.eu/health/ph_risk/committees/04_scenihr/docs/scenihr_o_022.pdf
http://www.who.int/peh-emf/about/WhatisEMF/en/index1.html
But still I won’t buy next to an grid/substation. It is such an eyesore.
On the same road there are decent quality constructions at lesser prices like 80-Trees or Krishvi or Samskruti (all tier-2 but innovative concepts)
Not sure about Krishvi or 80-Trees. But Samskruthi location is very bad.
in PSS, it might be an eyesore only if the apartment balcony is facing the substation.
Yes, you are correct. Samskruti location is very bad. And yes PSS will be an eyesore only if balconies face it the substation.
Btw, I just booked today at Assetz East Point. Prestige are beyond budget and Tier-2 though innovative, the amenties won’t hold good after couple of years (as they are small communities).
How much did you get assetz at? How much cheaper is the total cost compared to Sunnyside.
Thanks
kapil
I dont know the builder’s current price of assetz east point. But one must be able to buy prestige sunny side somewhere between 5600 – 6000 from investors on re-sale. note that pss will be ready in a year from now and there are no units available with the builder.
Has anyone made resale/cancellation of their apartment after booking? If yes, how is the experience with Prestige regarding this. Any trouble in cancellation? If you want to resale then do they help on it to resale at the rate they are quoting currently?
Hi ,
I am looking to buy any resale flat in Prestige Sunnyside..let me know if you or any one wants to sell.
Thanks
Ab
My email id is abhi_manyu2k@yahoo.com
Hi all,
Please confirm if the litigation issue of Prestige Sunnyside has been sorted out ?
Thanks
Roshni
Hi Roshini,
I also booked a flat oak flat No 3175, before that i have taken my uncle advice who is well known SC lawyer , as per him 99% there should not be any problem in the project.
I am invested in this project and would not recommend anyone to buy this untill the case is fully resolved. The CRM team are nothing but a bunch of unethical liars who are playing with the sentiments of people who are invested here. Be really careful with not only sunnyside but any project that are newly launched
Hi,
Thanks a lot for keeping our confidence alive. we have earlier invested in Prestige but never heard of any of these things. Anyhow Prestige should live up to the expectations.
Satyan
don’t worry about any litigation stuff. it has tremendous potential. if you have invested in here, stay calm. you’ll reap the benefit in a couple of years. Already prices have gone up by more than 1000 since the project was launched.
Wanted to know if the flat is still available
I spoke to one of the agent about the litigation surrounding Prestige Sunnyside project and I was told that there was an issue with BESCOM during early phase of the construction and it has been cleared. However, I see another comment in the forum related to someone claiming the ownership of the land. I don’t see any credible information about the litigation issue. I can’t say the litigation issue can be completely ignore and it’s worth digging a little deeper …
Hi, can anyone suggest about the status of the litigation issue with prestige sunnyside? I am planning to invest in this. Thanks. Ram.
Hi …i am looking to buy a 3BHK flat if any is up for resale…please let me know …
Hi, I am looking to buy a 3bhk (1856) at Prestige Sunnyside (Oak) but according to prestige guys all 1856 3bhk flats are sold out in all 3 towers. Is it true?
Also what should be the best price at this time to bargain for.
Don’t worry, there will be lot of withdrawals shortly if you are so keen on this property. Who would want to enter into a litigated property? I heard lot of ppl invested here are planning for mass withdrawal
Not sure where you heard about the Mass withdrawal. I have booked an apartment and I am part of the google group as well.
Considering the appreciation of the property already and that the litigation is frivolous I doubt if many people would withdraw . Even if they do it would be a sensible decision for people to Invest in the property considering the location builder , Potential appreciation etc .
Raj,
Could you tell me the Google group name that is active for Prestige Sunnyside? I am a member of “prestigesunnyside” google group. Since couple months no activity is posted in this group.
Hi Raj,
Has anyone withdrew their apartment? Do we get full money back? Does anyone know what is the litigation about? If there is any mass withdrawal proposal please let me know, I will be interested to join the group. I already paid 3 installments and Prestige send a letter indicating they are going to deposit next 3 installments checks.
https://groups.google.com/forum/#!forum/psn_blr
whats the current mkt they selling
I spoke to Niraj at site for litigation and his comment that is that litigation is between share of property earnings between family members who has sold this property to Prestige 2 years ago.
There is no conflict on property by itself.
Has anyone heard of the same.
The case is not resolved and it is still pending. As a tire 1 builder, I am surprised to see their tactics of selling apartments when the litigation is still going on.
Typical longivity of a case is 15- 20 yrs. The case is filed in 2005 and expect another 10 – 15 yrs to get any answer.
Hello,
Good news for people who have invested in sunny side . Prestige has won the case and all the issues have been sorted out. There is no more impending case on Sunny SIde
It is a good investment option because of its location, Pricing , proximity to schools, colleges, IT tech parks etc.
Cheers,
The issue is still on, and this comment seems to be written by a marketing folk.
Hello buyers,
I have come to know from a colleague that there is a court case currently in progress in Prestige Sunnyside. The person who has filed the case in court is claiming 50% of land in 2 of the 3 plots of Prestige Sunnyside Oak and Elm. She tells me that the case is very serious and not something minor. Prestige is adding indemnity clause in agreements to persuade customers who have booked to sign agreement.
Regards,
Sandhya
Hello,
Yes. I just spoke to marketing executives. They confimed that, there is some litigation going on in prestige sunny side. Some of the existing buyers, they walked away from the project . As per prestige, people are continue to buying flats there. Its unfortunate that, such a huge build have bought the land without confirming the legal formailities.
Hi,
As per the latest information, there is indeed a litigation on this project but it is something that has no substance or merit. Prestige met with existing owners and assured them that they will be resolving this within 1 month, in court or out of court.
Yes, I talked to executive. They assured me that within 10 days, they would have some legal docs towards property.
btw, I have sent request to join Google Group, but no response yet. I have booked 2BHK in Elm recently.
Any advise for me, I am due to get Sales Agreeemnt and already paid 15% booking amount. Some how, I missed to see litigation matter, was more relying on Prestige brand, (which I still hope, they would take care of this).
Regards,
Hi Harsha,
Current rate for PSS is about 4900 per sq feet + Floor rising charges. Can you advise if this is good for investment purpose ?
Regards,
Hi Nitin,
Did you get the sales agreement ? Are there still issues going on with litigation ?
Do you for see any problems in terms of resale ?
Thanks
Roshni
wht is price
All issues are resolved. My loan got approved by SBI and amt till dec get disbursed. I heared they are asking for 5150 psft now.
Hi all,
Those who have bought apartment in Prestige Sunnyside, please join the google group of the owners: psunnyside@googlegro?ups.com.
I understand there is a good discussion on critical topics going on over there.
Regards,
Sandhya
Add me to the group… I have already booked the flat. My mail id ranjitslamba@gmail.com.
Regards
Ranjit
Hello Ranjit,
Please apply to the group directly. Please go to google groups and search for this group. I do not have rights to add you to the group.
Regards
Sandhya
Hi,
I have been trying to join this group, but unable to succeed. I own a flat in PSS3 .
Could you please advise?
Thanks
Vivek
Hi,
I have applied to join. but, there is no response. I have booked 2 BHK in Elm.
Regards,
I have a 1274 Sq ft G-type 2 BHK in Prestige sunnyside Elm that I want to sell. Current price is 5000/sq ft. I am open to sell it for 4625/sq ft. Let me know if you are interested.
Hi. we are looking to buy. whats ur contact details. nitin
I am keen to buy. My contact no is 9731576095.
Hi, I ma interested in this property. Pls. let me know if 2BHK flats are available for sale in Sunnyside.
Prestige Sunnyside has 2 sub-projects that are next to each other, biz. Oak and Elm. They have an open space bween Oak and Elm (about 100-150′ wide).
The salesperson said that there is a plan to build a wide road between Oak and Elm, and his plans say so. But thats puzzling, bcoz when I visited the site, I could see that the power station comes in the path of any such road. Surely they wont demolish a power station (which looks very much an authorized construction) to build the road!
So the question is: Why did the builder leave so much space bween Oak and Elm?
The proposed road is as per BDA future development plan. It seems Prestige had to give that land to BDA
The space is for a 45 meter road, to be built by BBMP as a part of CDP 2015.
1. W.r.t Oak, will ventilation in Tower 2 be affected by Tower 3?
2. Is anyone aware of upcoming commercial/shopping developments around Sunnyside?
3. The current rate in Oak is Rs. 4600 per sft.
I’m planning to sell my 2439sqft 4BHK apt on 8th floor @4900/sqft. Please contact me if interested.
Hi,
Is your flat still available for sale ? if yes, please send details to geeta.ikya@gmail.com
Hi All,
I am going to finalise on Prestige Sunnyside Tower3 3BHK apt. But I am confused because of traffic possibility for the proposed 45m road.
I have observed and confirmed with Prestige sales person that this 45m wide road is planned in CDP 2015 (by the govt) and this road is touching to Varthur. So in future, this road may be a high traffic road (4-track road)between Outer ring road and varthur as well Sarjapur road to varthur. As a result this property will be in a heavy traffic zone.
Could any one suggest or focus on this.
Not worth
Prestige sunny project is based on payment based schedule every 2 months. The payment schedule is not at all linked with project construction. I’m wondering how people are fine with such agreement from the builder
Announcement:
==========================================================
A new secure moderated forum has been opened to address common concerns of people booked with Prestige Sunnyside. For subscription / memberships enroll to:
http://groups.google.com/group/psunnyside
This forum is exclusive for people booked with Prestige Sunnside OAK & ELM complexes and this information would be validated, hence others please excuse.
I want to sell 3 BHK apartment booked in Sunnyside .
Please share your contact details if interested in buying 3 BHK apartment in Sunnyside
Hi Vicky,
Can you send me the apartment details and your expectations + pricing details at vineet_reck@rediffmail.com
Regards,
Vineet
Hi!!
If this offer is still there then please contact me at rhythm2020ATgmail.com
Thanks
Please mail me the details in neo.deppu@gmail.com if the 3BHK is still available?
Hi,
I work on the ORR. I have been looking at this project.
My biggest concern for this area is water. There are hundreds of apartments- big and small put together in this area. And most big names are huge complexes. Almost every1 between Marathahalli and HSR depends on borewell water. And I dont see any corporation water supply news anywhere arnd this area. Can someone please throw some light on this?
Thanks,
Ranjan
Hi Rajan
The sales persons told that theyr getting cauvery water supply for this project as the nearby area like INTEL,Adarsh palm retreat have cauvery water.
I spoke to lots of people and Cauvery water will come soon in this area.
Regarding flats ‘ Vaswani Reserve’ is class apart. Its one of the best.
If any body wants to invest…this is the best.
why is it the best? have u bought?
Please check the specifications of this apartments with respect to others in the area, you will get the answer.
Hello Forum members,
I want to get your feedback on prestige sunny side for investing in 2 BHK 1250. Launch price seems bit high. What would be the appreciation after we possess the property.
Regards,
Rakshit
What is the current rate in SunnySide ? Last what I heard is Rs 4350 /Sqft + floor rise.
Are the rate increased or still at the constant level.
Also construction was supposed to begin in JAN 2012 first week so is it really started ?
Rates are still same.
Where are the buyers? At the max the rates might be increased by 100-150 to cover up the pre launch which will stay on for a long time. No doubt Prestige is very good and reputed builder and its only worth if you are planning to stay. For investment this is a big No. Why? There is no upcoming Metro station in the Vicinity. No Hospitals nearby, Very competitive and good builders offering at attractive rates in similar lines as prestige all the way upto Sarjapur Road and Brookefields and better locations within 300 mts to the main road or on the main road. The pre launch itself was at a very high rate and givewn close to 400 apts in a 5 acre land
Can u suggest some options to invest ? I mean the ” nearby ” and ” competitive “….
Mr Raj,
Mantri Glades, Nitesh Capecod, Vaswani Reserve (Check out the specifications for this , worth the penny you spend) , but none of them are good for investments. Either these are no longer at pre launch price or are as usual jacked up prices launched at the peak of the cycle
I want to sell 3 BHK apartment booked in Sunnyside. Please let me know if any one is interested in buying 3 BHK apartment in Sunnyside
Hi Vicky/all
have any of you have done legal verification of prestige sunnyside?? Are all the titles clear??
let me know – I am interested in the property
pls share the details
I am ready to sell apartment at discounted rate of 4350/- per square feet against 4500/- per square feet quoted by builder
Hi Vicky,
I am not sure, whether you are aware. In case you sell the apartment purchased by you before the registration, you have to pay certain amount to Prestige construction.
which in turn will cause instead of no-gain no-loss situation to loss situation.
Please check on that.
Hello Vicky,
I am interested. Please let me know the status.
It is available. Please call me on cell 9845263102
VAT and service tax at 10.3 % adds up another 5 to 6 lak (for 2 bhk) to 10 to 12 lak( for 4 bhk) to the total cost of the apartment
I want to sell 3 BHK apartment booked in Sunnyside I can do trasnfer after signing agreement. Please let me know if any one is interested in buying 3 BHK apartment in Sunnyside
Why you want to sell? Send me the details of ur flat
Are you intersted in buying apartment? Please share your contact details
Check this article which was published on money control. It says, they have already sold out more than 100 flats by October 2011.
http://www.moneycontrol.com/news/results-boardroom/prestige-estates-eyes-2-projects-for-rev-recognitionq3_611298.html
Can someone who has visited the site confirm, if there is any kind of noise pollution or hazard from electric transmission station that one should be aware of ? I am considering buying flat in Tower 2. Please advise.
The one next to PSS is a medium voltage sub, hence that shouldn’t be a matter of health hazard. Neither did I notice any humming sound in the vicinity.
Can you guys help me in deciding, which is a better project SunnySide or Park View. I am confused between the two? Any help appreciated.
-Lawrence
Hi Lawrence,
i think you should compare the convenience to your family like workplace both of your if your wife is working and kids schooling. but sunnyside is located in a better location compare to park view if your perspecitve is to stay closer to IT zone and investment perspective.
Take your decision accordingly
Harry
Good to see, this forum so active. Could some one also discuss, guide on future actives planned in the this area, from appreciation point of view? Are any new major constructions i.e housing or new IT parks (other than Vaswani), road widening activities planned to come up in this area?
Thanks.
Rajesh
I have created a new moderated owners group for anyone who has booked a flat at sunnyside –
http://groups.google.com/group/prestigesunnyside/subscribe
Hi Manku,
This is Pravin Vaidhyanathan and I have requested to be included in the owners group for Prestige Sunnyside. You must see my request pending in the group inbox. Request you to please include me.
Thanks and Kind Regards
Pravin
done.
Hi,
i am waiting for the approval
Rakesh
I also put in a request to join this group. Please add me at your convenience.
Please add me to thge group. I am intrested to buy prestige sunnyside property
please add me to this group . I am also interested in purchasing htis property
I have booked the flat in Sunnyside. Please add me to this group.
Hi Manku,
I am considering booking one 3BHK here.. Do you have any idea how many people have already booked, or else how many members you have in this group?
Hi Guys,
Do you think Tower 1 will overlook the landscape or tower 2?
Tower 1 appears to be overlooking the car park more than it does to landscape.
Another problem I think with Tower 1 is…if in future the 45 mtrs road is developed, residents in Tower 1 may face lot of noise.
Tower 2 appears to be a bit inside, so should be away from noise. Also, it appears to be overlooking the landscape more. Only problem is it also faces the power plant but guess from a height it may not be a problem.
As I have not visited the site, I will need some advice on this. I accept this is entirely my personal decision but would appreciate some advice.
The layout plan is a little confusing, but I think Tower 2 will overlook the landscaping the most. Tower 1 in oak will certainly face a tower in elm, Tower 2 may or may not, Tower 3 will not face Elm. Towers 2 and 3 will likely face the power station, but the station is only about 2-3 floors high(I have not visited the site, so for what its worth ..)
Harsha,
Could you pls update the specs. The one you mentioned on the site is old ones. Now the floor rise is 15.and sizes of 2BHK….4BHK of oak and elm is different.
Thanks.
Any clues, where the internal road connects tooo?
If you are referring to the road splitting oak and elm, it is supposedly part of the master plan and Prestige has given 2 acres out of the 7 they own here to the government for the road. I haven’t been able to find where the road goes to yet.
What could be purpose of building 45Mts wide road, when just outside the complex, the front road width is just 18M & 9M wide.? Also I was wondering like others complexes this one don’t have much open space outside, which instead of this road, could have utilized for other purpuse (like gardens etc…)
Also in maps they show a green shade over lapping the proposed 45Mt wide road? Not aware what that means? Any idea?
It is part of the bbmp master plan I believe, so this is far in the future and I assume the smaller roads will get widened as well. Does anyone know if the master plan is available online somewhere ?
The green shade looks like a mistake. They seem to have taken a wikimapia map and drawn over it.
If it is really part of the master plan, the Prestige has no choice but to give the area up to the government.
Any phases of metro coming up near this project?
Hi Remi,
Even i was thinking metro is coming near Bangalore central,Ballendur Junction….But it is only a flyover……These guys are not getting genuine buyer……still these builder are charging more and they try to Trap us by saying only few flats are available afterthat the price will increase ……some guys get into these things and price rises…..but I do’nt see any reason for these huge price and not worth in taking huge loan and regret later………..these builders have their assocation and internal setting for raising the price and they take advantage of us………I feel price are 40% high…even these builders know these…that is why they do’nt let us know how much is Service tax + Vat……If i see for Purva skywoods they are quoting around 6Lakh for 2 bhk plus there will be registeration and stamp duty and other charges..so in shor i can say whatever the price they say after car parking+club etc…we need to add another 10Lakh for 2BHK for tax and registeration
well said ajayg,
even i too think, its highly overpriced, 5K SFT is too much to invest
The closest potential metro location is maratahalli, but that is only a potential location on the byappanhalli-whitefield extension. It is possible that different route may be chosen.
Hi Folks,
I talked 10 mins ago to the Prestige sales person and he was adamant at 4350 + floor rise. Apparently the ELM is under booked for 3 BHK and OAK is under booked for 2100 sqft flat. Is the project picking up by any means?
In addition will need your guidance here:
What is the history of Prestige builders?
Are they dependable and have history of on time delivery of projects?
What do you feel of Mantri Serenity in comparison to Sunny Side, they turn out to be same price?
Are there schools nearby this area, i know DPS is nearby serenity?
Any insights will be helpful.
Thanks….Vaibhav
What do you mean by under booked – not many have been booked ?
Prestige is a tier 1 builder and are generally dependable, but shantiniketan is a recent blip. There are a couple of schools nearby – Gear International and NPS in HSR and Koramangala.
Serenity Vs Sunnyside is more about what location you want. Both are good builders with brand name.
Hi,
i will surely agree with Mr. Manku that prestige is A class builder and they have delivered remarkable development in Bangalore and as per their website so far 180 projects have been delivered. Try if sunnyside suits your requirement but go with the class and future value of your apartment which more important.
Good brand will always get you good value for money
Satyan
Thanks manku and satyan.
By underbooked i meant – less bookings have been done. Do you folks see any correction in prices in next few months riding on the recession season?
Vaibhav
Thanks for that.
I don’t have much visibility into how many are booked. Cant really trust sales talk. I have booked a 3 BR in Oak.
A correction may or may not happen, I personally do not know enough to guess and the so-called experts all disagree on everything. I decided based on a long term outlook and for a place to live. If it was for investment, the decision would have been different.
The sales folks said that if they reduce the price, they will pass on the benefit to people who had already booked at higher prices…he also said that if the rates are increased there will be no effect for already booked ones
That’s good to know. Do you remember which sales person you were talking to ?
Was wondering will it correct or not,but i feel the chances are less and so many new projects are being launched. My purpose is not re-sale, went an booked a 2bhk.
I have spoken to a salesperson and have been clearly informed that if in case they reduce the price, the difference will NOT be passed on to existing customers.
To SP:
I think that is logical, if they start passing the difference to the old buyers the flats cost will come down like anything. Whoever would have committed to tsat would have used one of sales gimmick.
Hi Guys,
Need some advice….I was planning to book a 4BR in Tower 1. Do you guys know if the power distribution plant is towards the south side of the property, that’s where tower 1 is?
Another advice, do you guys know if there are any plans of metro hitting this part of the town?
Thanks,
Santunu
hi santanu,
power distribution centre is located in south side of the property but behind sunnyside elm and completely away from Tower 1 as there is huge distance. grid is being built 150feet inside the boundary wall power centre.
tower 1 would be a good choice as you will overlook the landscape.
Ramesh
Hello,
i am looking for 2bhk in prestige sunnyside is this a good site for investment ,
any help would be appreciated
Thanks
soma
Hi Soma,
I think price is very high….Not sure if it will apprreciate upto expectaton due to Power distribution plant which touches the Prestige Boundry…..Not sure if it would be very crowed or any noise due to this plant……as of now i feel it is lil commercial…….marble shop is in front of the propty……i see there is free land around the property…and also for some property nearyby they have written disputed………..if in free land something commercial/small industry comes then that will have gr8 impact on appreciation……….I am also confused ….as of now i have put a hold on this project since rate of interset are high…next recession is on the door…….and also have doubt on appreciation
Hi,
i am one of the owner in prestige sunnyside, the grid is away from sunnyside oak boundary and it gets divided from a road and plan is being built with 80-100feet away from there boundary wall. i dont presume any noise rather 2 bhk apartment does not face grid area. it will certainly be a good living place.
manoj
Hi Manoj, I recently booked at Sunnyside, tower 1. I would like to talk to you and get to know you and also get constantly udapted reg Sunnyside developments. Can we connect up?
Rgds
Hari
Even, I have booked one at tower 1. Could you add me, too? Can we create some kind of group which is restricted to people, who have booked with this project?
Sure Sree. I guess that would be very helpful. How do we do that?
I created one here
http://groups.google.com/group/prestigesunnyside/subscribe
I have subscribed myself to this group with the requested details, and it requires your approval.
You guys are talking of price comming down to 4200, but when i approach the builder directly and also tried through some agents, they are still quoating 4350, with no reduction. Which channel are u guys approching through?
Even i am interested but they are still quoting 4350 + floor rise.
Nitesh Cape cod is available @4250/- ..a tough choice now.
You can reach me on ajay.chirania@gmail.com
Frankly speaking we were little late in booking Nitesh .
It was prelaunched @ 3900. At that price it was surely a good buy. They claim, they are planning to revise it to 4700. Who said recession is going to hit us ???
I am eager to book this one but have a concerns. Will the price reduce in the comming month? Any one can shed some light into this topic?
Also, if any one intrested in doing a group booking for this project, please contact me.
I am interested in group purchase in Sunnyside.Please contact me if you are forming a group
Not worth. try Nitest cape cod
Prestige has delivered 180 developments so far but we dont see any completed developments from Nitesh other than 20 apartment projects.
Always go with the developers who has delivered and promise you to deliver. You may go ahead and do the research but Prestige property will carry a different goodwill in the market. i look forward to buy with them.
Satyan
Hi deepak,
Did they give you in writing that price is Rs. 4250/- instead of Rs. 4350/- which remains same, kindly confirm. Did you book with them.
I am considering this as one of my options and here is why i think this is on my list.
1. Location – Close to ORR office. and Also 12-14 KM from ITPL. 20 KM from EC Phase 1. 18 KM from Manayatha Embassy Tech Park.14 KM to M.G. Road
2. Surroundings – Cesna, RMZ, GTP, EKA, Photon, Symphony, PTP IT Parks. New Horizon Gurukul, Gear International Schools.
3. Housing – Adharsh Palm Retreat, Sobha Apartments.
4. Shopping, Dining and Movies – Marthahalli and HSR
5. Hospitals – Levine Hospital (Don’t know much abt it)
6. Brand – Since it is Prestige a 2/3 BHK will be taken by Service apt companies
7. Size – It is not a 2000 Apartment complex, so its easy to manage
Downside
a) BAIL is 45 KM
b) Carpet area is 70% of Super Built up Area. 80% would have been good
c) Open space is less than other Prestige Properties
d) Not so specific clauses – Non Completion Penality says 7% interest but is only on base amount or will include additional charges. – DG backup says additonal. Does it mean you pay more when using it. How can it be cacl. Who know who is using 8KV vs 1KV on backup. No brand names mentioned for Electrical and Batchroom fitting. Will we get Kholer / Roca or will prestige give us a shabby local brand.
e) Main door is atleast frame is not Teak. Come on Prestige !!!
f) Prestige is chagring for buying a Generator. Ex in OAK it is 3.42 CR. Does it does so much are you kidding me ??
IF YOU ARE INTERESTED I AM WILLING TO FORM A GROUP AND WE CAN APPROACH AS A GROUP. email – pbhagava09@yahoo.com
Deepak
R u sure the prices have come down to 4250 ? Can u tell me how to get the booking at this price ?
1. I understand the prices are @ 4350 ? The only discount they are offering is in term of Forum vouchers worth 40-60 K depending upon ur size ( that too if u book directly )
2. I understand this reduction in price from 4950 to 4350 is due to specs which have been diluted ( early it was supposedly ‘ High End “)
3. Also builders like Vaswani in vicinty ( Vaswani Reserve ) are asking for 4500 ( Minus 100 Rs discount ). I really cannt understand what are they upto !
4. I understand they have booked about 20 odd flats in last 2 weeks …and their target for first phase is only 50 .
5. Can somebody suggest a moderately decent builder in vicinity with ” decent price ” ??
Regards
Raj
There is a power transmission sub-station close by to this land .Did anybody visit this location ?
Yes, there is a power transmission sub-station near by. As far as I have enquired the power station should not have any effect on the building. But it will not definitely look good if your flat is facing it.
Been there recently I did not notice any HV lines passing near.
Can someone who has visited the site confirm, if there is any kind of noise pollution or hazard from electric transmission station that one should be aware of ? I am considering buying flat in Tower 2. Please advise.
Hi,
Rs. 4350/- is not a bad pricing offered by Prestige as their competitor is offering at Rs. 4590/- i.e. Vaswani Reserve circular apartment which is not good for vastu whereas prestige sunnyside seems to have all homes considering vastu requirements. you must through some light on this.
Hi ..can you tell me how much rent will fetch 3BHK with around 1600 sft in this area.
Deepak did they tell you they are down to 4250/sqft ? The correct price considering 3yr wait sounds like 3750/sqft . And 3yrs is never 3 yrs. It will be 4/5.
Considering the commercial loan credit crunch in india prestige should consider lowering the rate to 3750/sqft. Anything below 3750/sqft i will not book because then the quality of construction and people that book will be low. This will be another shantiniketan project then.
Does someone know how many are booked ? and when is the launch date ?
What other options are u looking at ? And what is the psf price ?
may b I can learn from your ground work ):
Raj
Raj,
They are not reducing the price from 4350/sqft. I have collected all the information on this project including VAT, Service tax, approx woodwork, electrical all inclusive you will paying about 1.05 crores for a 1800 sqft 3 bedroom and about 1.20 crores for a 2100sqft 3 bedroom.
considering you will occupy this 1800sqft apt in 3 years you loose about 20 lakhs in interest if you kept that money in bank @8% apr. If the price per sqft goes up by 1700/sqft you will make that money in 3 yrs. Ask yourself can you find a buyer to buy your 1.35 crore apt after 3 yrs ? I see a bubble bursting already..
or can you find someone to rent at Rs50,000 ? sobha nearby’s rent is at Rs30,000 for a 2000 sqft apt.
sounds like a bad investment choice
I did hear that the pre-launch rates for Prestige Sunnyside have come down from Rs 4950/- to Rs 4350/-. Is this correct?
Yes.. its now 4250. and will come down to 4000 easily
Any reasons behind the such a big down slide. Any specific issues with the project ?
There is no issue with the project. The price was very steep and they are not finding buyer at that price and that is the reason the price was reduced. Rs 4,950/- is just too much. The price for that location should not be Rs 3,400 to 3,500/- for any new launch considering the fact that it will easily take 3-4 years to complete the project.
Thanks for the clarification. I think samrthing has happened in Mantri Glades as well.
Do you know of any other projects (new launch or resales) which are good and, I should start looking into instead of this one, and have better logical pricing.
I am looking at Prestige’s villa projects – they shared the price list and saying the do NOT reduce the price or NO nego! Is that right that they wont do any nego? I think market is downwards and they should no about it!
Thanks in advance for sharing your experience/suggestions.
Regards,
BP
The project seems ok at 3800 per sq ft to 4000. Its on the higher side…
Hi,
we can always afford to pay certain amount of premium for a builder like prestige bcoz they are known for their aesthetic maintenance and price should be ok to get the best apartment.