Prestige Group has announced their new project at Electronic City Phase 1, close to Wirpo office. The project to be called Prestige Sunrise Park will be spread across 25 acres and will offer 1, 2 & 3 BHK configurations within two blocks named Birchwood and Norwood.
As of June 2nd week, booking are open for the Norwood block.
In December 2012 Prestige had a pre-launch of Prestige Casabella (at 3150/- per sft) also located at Electronic City.
Prestige Sunrise Park Options
- 1BR : 631 sft
- 2BR: 1123 sft – 1154 sft
- 2.5BR: 1363 sft
- 3BR: 1603 sft – 1647 sft
Link to the E-Brochure (Thanks to Vikas Gupta for forwarding it to me)
Prestige Sunrise Park Location
Walkable distance from Wipro Electronic City, HP Surya Park and adjacent to Shriram Summitt project.
[iframe width=”550″ height=”350″ src=”https://maps.google.co.in/maps?q=12.834419,77.662972&num=1&t=h&ie=UTF8&ll=12.840423,77.652225&spn=0.02929,0.047207&z=14&output=embed”] View Larger MapPrestige Sunrise Park Price
Expected to be around 4000/- per sft.
Prestige Sunrise Park Concerns
- Proposed Peripheral Ring Road runs adjacent to the project between the Norwood and Birchwood blocks. Noise & Pollution levels would be a concern once the road becomes a reality.
- Price of 4000/- looks to be on the higher side considering that Patel Smondoville part of much larger township project is sold at about 3700/- per sft
- Considering the approval of the Real Estate Bill recently, impact on the pre-launch of this project is not known
Prestige Sunrise Park Investment Plus Points
- Share with your comments
Take the poll – Is Prestige Sunrise Park a good investment?
[polldaddy poll=7166786]
Guys, prestige guys told me that they still have not got the enviorment clearance on the project. They also said that they will get it in a month. Now I am really unsure about the booking. Should I cancel the unit. Please help. V confused.
please cancel the project..there could be chances of PRR coming along the project and will have impact to the environment..Its better to avoid this project..
the sky is not going to fall incase u dont buy from them..builders are trying to loot as much money from people like us
Anjali,
I too am a fellow buyer. Not that its something trivial, but EC will come when prestige would agree to do additional stuff the committee asks them to. They’re just dragging on to avoid spending more. As per info from their side EC matter is resolved today.
—
Venky
Hi , I have few 2 BHK apartments available – 58 Lakh ( Service tax & VAT included ) all inclusive price. 6 km from silk Board. 2015 possession.
Interested please email me vikasgowda25@gmail.com
What is the reason for selling ?
Hi folks,
Hi i wanted to confirm the a/ no where we need to deposit money. as i am 1st tome buyer plz do let me know. is the below detail correct? really scared to transfer the amount. plz confirm anyone.
Account Name PRESTIGE SUNRISE INVESTMENTS.
Account No 0384010100001467
IFSC Code JAKA0OTCBNG
Bank Name JAMMU & KASHMIR BANK
Branch Mission Road, Bangalore-560027.
Yes..this is the correct bank details…
Hi ….can i speak to you….pls email me your contact at akanksha510@gmail.com.
Its jist to conform the same….it wont take more than 5 min
regards
My friend had booked one 2 BHK in Prestige SunRise park last year and per my discussion with him I came to know that prices havn’t appreciated since then till now and its after the wait of more than 11 months that his agreement got done.
1. Why is the stagnation in price ? Is it because of excess inventory unsold ?
2. Is this much delay in agreements a normal thing with Prestige?
3. Also, I came to know that Prestige’s payment is time linked so what if they are no t able to provide the apartment in due time?
I am looking to book a prop in Prestige Gulmohar so collecting your feedback on Prestige. Can any of the prev buyers please reply ??
Sahil,
Prices have increased by about 10% in the last year or so. I booked my 2 BHK for 4175 psqft around a year back directly from prestige. Same is selling for ~4500 now. I would suggest buy directly from Prestige incase Prestige is offering you the choice of apartment you want. Incase you want a different apartment (floor, facing etc.) you can get in touch with the different property agencies.
Overall Prestige is a decent builder, no major issues. Little bit of problem (like delay in signing of agreeemnt etc.) you will face with every builder in Bangalore.
Hi Sands ,
Why are you suggesting that its better to buy from Prestige directly ?
What are the issue with channel partners ?
i am interest buy 2bhk kindly give differece price between channel partner & direct prestige
who is best
I am planning to sell my 2 bhk in Norwood block 1128 sq feet middle floor.
Interested people can get in touch through email id rajat.deep.goyal @ gmail.com
why u r selling reason pls
I am planning to book a 1bhk, 630 sq ft, at tower 1,17th floor. Rate offered today was 4550 psft. Norwood block.
Is price includes floor rise charges?
no, it is base price. floor rise price 15 psft, 17th floor, so 17 * 15 = 255.
total 4805 psft.
Please check about OC. Procceding without having a written commitment on OC in agreement from builder would be a risk it seems. Please read about importance of OC at least on internet before investing. Builders usually get away from owning OC responsibility mainly because either buyers are too desperate or are ignorant about it.
All the best!
I got a written confirmation from Prestige that they will provide the OCs. But not sure why it is not mentioned in the Sale Agreement
Have they mentioned in the sale agreement that they will give you toilets?
Ha Ha Aayush..must say you are a funny chap! Anyway it is totally upto you..you want to keep looking..do so..you want to invest..do so! Why needling others??
I just replied to help anyone who is looking for any info…don’t jump in if you have nothing constructive to offer. Honest info about the builder/project is appreciated..but no sledging.
Hi All,
I am planning to book a flat tomorrow in tower 6 on 10th floor. Can anyone please share the rate per sqft if anybody has booked in same tower?
Would appreciate your quick response as I need to make decision ASAP.
Hi….
I have booked … Flat No 6021….. At the time of booking it was 3915/ sqft…..
Mayur…09994413100
Hi Mayur,
When you have booked the Flat at the rate of 3915/ sqft?
Thanks for the info Mayur. Mine is in tower 3 and your’s I think tower 6.
When you booked and also the per sqft. mentioned is without including the floor rise?
Nitin
hi Mayur
could you please tell me when did you book the flat @3915 , builder was asking more to me per sq ft wise they are asking 4250 now .
if you dont mind can i get your email id to get in touch with you .
-Shashi
Hi Shashi,
I was told the base prise is 4500. And with whom are you talking to to get it at 4250? I’d like to talk to him to find out more details. Thanks!
Sreedhar
I have 2 bhk, north east facing of 1121 Sq feet. I can give you better rate if you are interested. You can contact me on 9945036184
Hi Shashi,
3900-4000 sq ft rates were quoted last year somewhere around june-july. Now prices have increased. You can check with prestige for latest price.
Dear Mr. Mayurnathan,
Would you be interested in Shriram signiaa? The project is right opposite the wipro office. The builder is selling at 5200 per sft. I have a couple of units from someone who had bought few units in bulk. He is offering at 4200 per sft.
is there any 1 bhk
Yes Mr. Adil. The built up is 650 sft
Hi please send me details for shriram signia I am interested for 1BHK dilsa10us@yahoo.com
Hi Sanjaya;
I am interested for Shriram signiaa 3 BHK Type 2.
I am an NRI.
Can you send me the details with total cost to my id
andy010305@gmail.com
regards
Andy
Hi Sanjay,
Can you share more info with me on ni605999@gmail.com?
Hi Sanjay..I am interested…Please send me the details to sree.denchanala@gmail.com
Please send me the details @ dilsa10us@yahoo.com
I am interested . Please send me the details @vinayswarup20@gmail.com
Hi Sanjay,
Can you share info with me. I am interested in buying one in a couple of days.
My mail id is mittal.nayan@gmail.com
I am interested for 3500 rs/sqft ..please let me know if you are ok with this price..
i shall contact u immediatey to close the deal
Hi Sanjay,
I am preparing a paper on current Bangalore real estate scenario, and, needless to say, your inputs will be valuable.
Is it really so difficult to sell flats at higher prices than 4200 now, that too when builder, such as Prestige, is selling hot at 5200. Prestige even claims to increase it by 100-200 rupees next month!!!
Are the flats cheaper by 20% in resale market? You will be able to give us a good sense of the prevailing market condition.
Looking for your valuable inputs.
Thanks,
Manju.
Please include in your paper that most of builders are not writing about occupancy certificate (OC) in agreements. Without an OC guarantee from builder in writing, buyers are at huge risk it seems. I was really surprised when prestige guys initially told me its covered in their agreement and later when i went through the agreement and pointed out, they accepted its not there. And then finally told me that they will not include OC in agreement hence i didnt proceed further with this project. I didnt expect this from big builders like Prestige, Please read about importance of OC and study cases like Campa Cola in Mumbai. OC seems to be a good mechanism to protect buyers as even big builders can not be trusted it seems after reading news e.g. Mantri Tranquil project where there are allegations of encroachments/deviations and BESCOM has even taken action as per Deccan Herald.
Hi Sanjay,
Can you please share details of units and plan. I am interested in this property.
Thanks,
Sid
Hi Nitin,
I also planning to buy on 6th Tower.
PLease call me on 88806-88805
Regards
Yash
I am looking for 1BHK anyone interested to sell , please mail me dilsa10us@yahoo.com
Friends, people who have booked in PSP can become a member in their Facebook page opened exclusively for them. Search for ‘Prestige Sunrise Park.’ We can discuss, track, negotiate, monitor, and enjoy discussions on PSP!
What is the facebook page for this where I can get most of the owners..
search for Prestige Sunrise Park….itz there!
Prestige guys told me that the perifaral ring road plan is diverted and no longer will go through b/w Birchwood & Norwood as originally planned. Any idea on where it is diverted and how will it affect the PSP price as for me that was the USP of the project.
It is good that PRR is not coming between Norwood and Birchwood….now they will have pure greenery of 6 acres…..a private landscape exclusive only to them! an oasis among concrete jungle! does one need any better USP!!
In terms of connectivity point of view, PRR is the heart of this project. Roads around may not be sufficient to take traffic. There is no guarantee that Prestige will not come up with additional towers in that 5 or 6 acres
Prestige will not do any construction there and only landscaping/garden/park to the exclusive use of the residents is coming up there. Yes, road connectivity issue is there, but in 2-3 years other roads surrounding the locality from Neotown side and GM city side will be developed as alternate approach roads…….
Sounds good
while PSP seems to b a worthwhile proj to invest in,some queries r intriguing:
1. clearances from BMRDA
2. SUPPLY seems to b higher than demand esp with Smondos being given out at low price with lots of amenities.
3. HT cable & rd should not b pts of concern?
4. Biocon & Cipla will not cause any pollution from within 7/8 kms?
Hello Manoj, Did you invest into this property? what is the current base price going on? Can you please share your emailid/contact details so that we can discuss about it.
All BDA approvals are in place and construction is in progress. Whatever be supply, any Prestige property will command a premium for its premium specifications and premium atmosphere with a 6-acre huge open area inside. HT cable just touches at only one corner and is far, faaar away from the towers!
Hi
I have booked a 2bhk is PSP, but now I am hearing prestige does not have the original land documents..hence LICHF and SBI are not approving this project. Prestige claims everything is in order, and it is just that they have misplaced the documents..they claim to have copies of the documents only. In such a case, is there is a risk in continuing with this project?
we need to pray to god only ..nobody can help
I visited them today.
They said it is all sorted out…
It seems LIC has cleared it about 2 weeks ago.
SBI has started clearing it.
Has anyone else heard about this?
Anand
Did you invest into this property? what is the current base price going on? Can you please share your emailid/contact details so that we can discuss about it.
Hi Anand,
I did go to SBI , Electronic city Branch and they informed me that the property is showing in the “approved ” list . So if you are applying for a loan , no need to furnish few docs related to property,
Regards,
Amar
it is still not showing up here: https://www.sbi.co.in/user.htm?action=sbihomeloanprojects
This project is approved by SBI and all documents are in place with very clear marketable title.
what is the current base price going on? Can you please share your emailid/contact details so that we can discuss about it.
SBI have approved this project and there is no problem whatsoever with documents!
Hi, does anybody have specification for this project.
Hi
You can directly request to the prestige about the details. Or you can send me the your email-id then I can forward you the details sent to me by the sales guys but that will be having the info and rate for that period
Is there any google or yahoo group for this project?
there is a FB group page….https://www.facebook.com/groups/psp.prestige/
Hi,
After how many days receipt of booking amount is supposed to be delivered. Also whether the receipt will be sent by mail or courier?
I am planning to buy a 2.5 bhk in PSP- Birchwood. The quoted price is around 4400/sft. – Do you think if Birchwood is a good property to invest in? – Do you think the price is too high to get an appreciation until completion? – The builder is say that construction for both Norwood and Birchwood will happen simultaneously but do u have any information if there could be a delay in the delivery of Birchwood?
It’s a single project (PSP) after-all and I think they would start/complete simultaneously. your price is good or not depends on ‘location/premium/non-premium’ etc. if yours is premium then it’s ok.
Thanks Charu!
I m inquiring about 2 options in PSP Birchwood for 7th floor. One is B8(facing roads and entrance), 1342 Sq Ft, Rs 4340 per Sq Ft.
Other is B3 1342 Sq Ft, Rs 4540 per Sq Ft.
I have 2 queries:
1. Isn’t this price on high side when we look at other builders in Electronic City
2. Which option should i go for..
Confused b/w this project & SJR fiesta homes. Seems traffic will be a big issue in phase-1 once all the nearby apartments are ready.
Hi,
I checked the price list sent to me. I am naïve about this builder and for that matter realty sector of Bangalore. So asking a question whether rate mentioned in the price list is negotiable or it is full and final. Also, the payment of 20% within 30 days is binding to the customer or can get it extended ?
No, the price is not negotiable. At most you can negotiate whether you can get a lower floor .. I think the 20% can get extended if you ask them for the same with a reason (also until project is launched they cannot put a penalty .. that’s what my personal views are) .. cctiwari@gmail.com
Hi,
Can somebody guide me that where should I book ? Norwood has less availability and hence less option but its master plan seems to have more open space. Birchwood has more availability but its master plan looks cramped in term of open space
Hi Abhim,
Both Norwood and Birchwood are almost same. They are quoting less for Norwood. Norwood is close to wipro. Birchwood will have issue for some time once Govt will start constructing PPR. Now its upto you.
Why only Birchwood have issues and why not Norwood?
I don’t think Norwood has any benefit with PRR. PRR is going in between two projects. I would suggest to with an apartment and tower which suits you (price + location). focus on ‘location’ .. try to have your balcony face ‘sunlight’ most of the day time and away from noise (traffic). I made a mistake as far as noise is concerned (but budget is also important). So it’s your call. There is no difference between Norwood and Birchwood (norwood has a little more space). for more information you can contact me at my email address. I have collected a lot of information but after purchasing my one ;-(
Hi Charu,
Can you please share your email id.. I have a query about this property Birchwood.
Is it a good option to book 2.5 bhk with terrace or 3 bhk?
its already there in above comments .. cctiwari@gmail.com
it depends on the location, floor and apartment plan .. send me this information, I might help you there ..
Hi Charu
i wanted to connect with you on your opinion basis the survey you have done for these flats.
do let me know please how i can get in touch with you.
thanks
Swati
you can ask me in my mail id cctiwari@gmail.com
Hi Charu,
Please send me the information you have collected. I am interested in this project. I have sent you an email.
Thanks
Hi, I am planning to flat in brichwood 2.5 for rs.4310 5th floor. let me know is this a good investment in 2.5. if anyone has booked flat in psp please share ur views opinions on this . As i am in US right now i not collected much information. i am just going by brand and area. let me know is this a correct decision
Hi Swapna – Are any units still available on sale or you are buying from any individual?
Swapna/Ballu – if you guys are still looking for apartment in this complex, do mail me and i can get you better deal, paddy1005ATYAHOODOTcom
Hi;
I am planning to BUY a flat in prestige sunrise park for 3 BHK EAST facing..
Please suggest me the tower.
I have the same concern that teh sunlight should be in the balcony for better.
Hi,
I want to book a 3BHK in Birchwood. Is there anybody who has booked in this block and what is the price they are offering?
Hi Abhim,
It’s Rs 4200 per sq feet and for premium it is 4400 per sq ft (Base price)
Hi All,
I found from sources that new block Birchwood would be launched very soon with a higher Base price (over 4000 Rs).
About availability of flat in Norwood – North or East facing 2 bed apartment, I found very few flats – L1 floors or above 18th floor
After deep analysis, I found that Norwood block is closer to EC (Walkable distance to Wipro and other companies). Also, with pheripheral road that comes between Norwood and Birchwood, we may have certain uncertanities like approach road during construction of road, duration of contructions etc as this is constructed by the Government.
With Norwood, I found that electric high tension wire that pass through this property (corner) and will be away from the Neo Bangalore Mall.
After a long disucssion and thinking, I decided to go for Norwood Block 2. I booked 19th Floor (North Facing) and my friend booked 20th Floor.
Many thanks for this forum, which helped me in providing a good insight and details on the project.
Regards
Sree
Hi,
Can anyone tell me about the approach road for this property and also about surroundings?
Thanks!
Regards
Manish
approach is from lord plaza hotel .. cafe coffee day .. cyber park, audi service station .. then comes the property ..
Thanks, I booked a 3 BHK four days back.
Hi,
Does not it look like that approach road is too narrow to accommodate so many residents (in thousands) from different upcoming projects. is there any other way out ?
Hi guys,
I am planning to buy by this weekend. Anyone has got any concerns about sunrise? When will project will be completed.? Is house available at lower floors?
Project is said to be completed around mid 2017.I an not sure about the availability of the flats in the lower floor s though but certainly they are.
I wanted to know why I can’t find in offical website prestigeconstruction.com any news about sunrise. Of course there is separate website (but not official from prestige)
At least they should mention it’s name in list of future projects.
I am concerned because once it happened that they gave some other sub contract to construct.
I found similar in Godrej. They simply said they are not construction team only advertising the apartment.
I think even the new launch (on ORR .. the premium project) is also not there in website. I think prestige doesn’t publish it in their website until a project is launched. This is the way they might be working. Also they are a reputed company .. it would hurt their reputation .. so they won’t think of doing it ..
Hi,
Can one of you please let me know what is the current price? Can you also tell me what is the floor rise price increase?
Will I get good rental income here? Please let me know as I am not familiar with Electronic City. Many Thanks
I think its 4 K + (view charges around 100 Rs) + 15 Rs sq feet floor rise .. but for surity contact prestige ..
Hello All,
I have just started looking out for a 2BHK apartment and during my quick search landed here. I am interested in this Prestige Sunrise Park . Could some one out there who had already booked one please suggest your thought on any available slots and what is the current rate.
I will also reach out to builder for more detail. however your suggestion will be highly appreciated.
Regards
Jamo
only few flats left….i booked in 9 th floor
Hey Guys…..
I have also booked one 2 BHK in Sunrise park… Please let me know how to join this group…
mayur
join https://groups.google.com/forum/#!members/prestige_sunrise_park_owners and https://www.facebook.com/groups/284936611650150/
I have booked a flat here, how can I join these groups?
I have requested access to the facebook group – but they have stated that they have stalled taking in any new members – kind off funny though.
Can you advise @ what price you booked your apartment and which floor. Am interested and would like to make a more informed decision. Would really appreciate your help on this.
purchased 3bhk on tower 3 in 1603 sq ft…but did not receive any agreement receipt…could i know when the receipt will be sent??
I submited form yesterday for Tower 2 , 2 BHK @3900 per sqft base price at 14th floor Level 15.
Part of your group now to chat the status.
Praveen
I too booked T2 – 14th Floor – Flat no :1 🙂
Hi Ravi ,
I have also booked a flat in Tower 2 . 10th Floor , Flat Number 1 …
At what price you booked the Flat ?
Thanks
Santosh Ngaalikar
Hello Santosh,
Really!!!! I got allotment letter for the flat mentioned by you. Tower 2, 10th Floor, flat no 1. Apartment number is 2101. Could you check again please? What is the price they told you?
Thank You,
Mallikarjuna
Hi Santosh,
Congrats ! Which date you have booked this ?
Regards,
Praveen
any owners group in fb for this project?
There is google group created for PSP owners ..
https://groups.google.com/forum/#!members/prestige_sunrise_park_owners
Found an owners group on the fb – https://www.facebook.com/groups/284936611650150/
Quite a few members already.
how do i join the group ? i have booked an apt here
It’s been close to a month since pre-launch . did the price increase ? Or still some units have 3900 as the base price ?
Well I have just booked (2BHK) at 3900 two days back.. I guess the price appreciation in EC will be limited in the short run..once the social infrastructure is in place ..appreciation will be decent.
Price is increased by 100 Rs from last week
Guys …Its Prestige , Its a strong group with credibility and reputation .
A Google group is created for the owners of Prestige Sunrise Park.
Please join this group [only owners] to discuss project activities, progress updates and other discussions. ..
https://groups.google.com/forum/#!forum/prestige_sunrise_park_owners
Madhav
Hi Madhav,
Thks fr creating the group but am unale to join the forum pl let me know. Also the Sales team say they have sold 70% of first phase do u think it so, it appears to be a grest response. Thks.
Madhav – I have requested to join this group – please approve
I have booked flat in prestige sunrise please add me to group.
I requested for the membership, please add me
http://economictimes.indiatimes.com/markets/real-estate/realty-trends/slowdown-in-real-estate-time-for-home-buyers-to-go-bargain-hunting-but-exercise-due-diligence-before-buying/articleshow/20714541.cms?curpg=3
I am so familiar with most of the commentssayi ng this price is high, builders are cheating us, comments. I’ve been searching to book a house for almost a year now, and that’s how I also thought. But what happened was, builders anyway got buyers, prices anyway went up, and I ended up looking like a fool having lost some good opportunities just because I thought it was a few lakhs extra. Believe me, if it is a good builder it is totally worth it. I stay in a class A builder apmt, and ppl are in queue to buy a 3bhk here on resale even for 1.3 crores. Whereas I see colleagues who are not even finding buyers for class C builders apmt resale in the same area.
So just see if you can afford it, what’s your budget and don’t see too much about spending a few lakhs more in case of Class A builder, wud be my advice.
well said, its a question of affordability.
the builders fix the price of that area and none of them have ever reduced their launch price and they do sell off their apartments and it never comes down. So its like either take it or keep searching…
Hi SN,
Nice comments….can you let us know which apts you are staying if you dont mind…thx, also what is the normal rent for a 3bhk in the same apts.
Just to back it up with some facts.
6 months back the prices were around 3000 /sqft… and now its around 3900 as mentioned by so many !!
PRESTIGE SUNRISE PARK….. A NO BRAINIER INVESTMENT !!!!
-> PSP is in the heart of Bangalore’s most preferred , cleanest & well planned official location “Electronic City”
-> A project from the No. 1 builder in Bangalore , “Prestige”
-> Exactly 1 Km (walk-able) from the “India’s Largest Mall” , NEO Mall
-> Exactly 1.5 Km (walk-able) from the “E-city Metro Station”
-> “12 Minutes” driving distance from Koramangla, “serviced by a exclusive elevated -traffic free flyover”
-> 24hrs X 7 days X 365 Days ” heavily armed security vigil” around the project (E-city is protected by CISF) , secure for ladies & kids.
-> All major -minor amenities included in the Project including one of the largest club house.
-> A high rise view which overlooks the E-city & green layer of Bangalore
-> A A-Khaata Investment with Kaveri water & BBMP limits.
-> A well connected project located on the Peripheral Ring Road (Proposed) , close proximity to NICE corridor(0.5Km) , 20 Mins to Hosur
Hi Rohit,
Are you sure about the Kaveri water? I heard that Kaveri water pipelines have been laid only till GB palya. I presently stay at kudlu which is way before E.city and there is no kaveri water.
Also, your comment on reaching koramangala in 12mins is questionable. I don’t think this is possible even in the middle of the night. It takes at least 5mins to get the toll ticket. The elevated highway is indeed traffic free but when you get off it, you are stuck forever at silk board traffic.
Dear Newbuyer,
For Cauvery Water Refer : http://articles.timesofindia.indiatimes.com/2012-10-31/bangalore/34836548_1_cauvery-water-bwssb-connections
For Driving Time: I have personally covered the distance to & fro on a Friday afternoon between 2:00 PM to 4:00 via my Hyundai Santro (Being a 6 month old driver) in exactly 12 minutes. I reached from Total Superstore to Property Location in 12 minutes and vice-versa. (after spending almost 30-45 seconds on the toll counter 😉 …I’m sure someone would have have bettered my record.
The base price is not fixed. It may be somewhere Rs. 3900-4000 or may be more than that. Also, there is no provision for cancellation. Cancellation will attract 1% of sale value which is too high. So, book only when if you are really sure of it and you have made up your mind to go ahead with whatever the price they finalize at later point in time.
Atleast in BGT we had flexibility to cancel the booking with cap of Rs 5000 cancellation charges, here no flexibility at all.
I booked 2.5 bhk (premium flat, pool facing) at 4100 psqft on the very first day in this project. Let me know if anyone else has booked in this property.
I have booked a 2bhk at 3900 per sq ft rate on the first day as well.
HI Saurabh,
The 2 BHK is pool facing flat @ 3900 psqft?
Hi,
It seems there is no booking below 16th floor. Checked with few agents.
Is it like that ? Is it possible to book less floor rise like 8th or 10th floor?
Please advise. Thanks
We have booked a 2BHK in tower 6…
What price did you book at? What is the extra charges for premium apartments (pool facing ones)?
Kapil
I have also booked 2BHK in tower 6 – flat number 6036. what is you flat number.
Did anyone got acknowledgement for booking
Brij,
At what base rate did you do the booking? Is it 4100 or 4000 psqft?
Kapil
4000 base rate
Hi
I have also booked 2bhk on very first day…
It seems there is no booking below 16th floor. Which floor did you book ?
Did you get any acknowledgement of booking from Prestige?
I booked through proptiger and they sent a mail of unit allocation
According to them letter from prestige will come once booking amount is debited.
my booking amount is debited today.. waiting for the mail
Hello, Can you please tell me how was booking experience with them ? is ti advisable to go through channel partners or the builders directly ?
Did you find any difference than others who went directly through Prestige ?
No even we have not yet got the booking acknowledgement, hoping to get it in a day or two.
I have booked a 3BHK @4100 / sqft premium apartment, pool facing.
The initial amount cheque has been taken away from my account and I am yet awaiting for an formal email from sales team.
I have booked 2 BHK. Cheque is debited and waiting for allotment mail and payment details.
Dear Brij ,
Did you get the allotment letter ?
Thanks
Vinay
Hi Vinay,
No. I am still waiting. It is expected to come in this week end.
Regards,
Brij
Hi ,
I have booked a 2bhk here for investement purpose . Considering Sreeram next to it selling at such high price , I am sure this will boost in future .Moreover Neo mall and IT parks in Ptel Reality is big advantage.Please let me know the email ids of the buyers so that I can create a group for us
Thanks
Vins
Booked a 3bhk in tower 3.
can someone mention the implication of the Regulatory act? Prices will go up or down..???
With my limited knowledge..I see the demand consistent or growing..supply coming down as not many builders will be able to comply with the regulations..thus prices going up?
In specific to Sunrise park..I am worried about the PRR and someone said about the high tension line…can someone throw a little more light..
Over all whats your take..to go or no go for this project? Other pro’s and Con’s if any…
Who all booked? can we play that group booking thing here?
Hi,
Some points after viewing the master plan:
1. Plan for only West parcel of land is declared.
2. PRR passes in between the property dividing it in 2 parts North and South
3. Due to PRR the size of the land is reduced considerably.
4. The pan looks very crowded
5. Flat sizes are normal, it looks like a medium range project (neither affordable nor luxury)
Harsha,
We are looking for 1 BHK from investment point of view.
Do you see it as a value buy ?
Thanks, Reshma.
Reshma….
people say no 1 builder…..so i decided for the flat….I m from salem
mayur
From the moneycontrol interview of Mr Razzack, looks like the indication is towards prize stabilization and not appreciation. The response for Royal Gardens has been poor because of which the price appreciation is zero from the past 6 months. They are just not able to give any benefit to buyers. EC is a big NO because of the area itself and also there is a lot of supply with no takers. A big NO for investment here
Danny,
May I ask why ECity is nky a good investment? Genuinely trying to understand the market place there.
Firstly the area EC off late has lot of Residential unit supply, the maximum if you consider any part of Bangalore which includes Ready to Occupy , in Construction and Pre launch. There is very little growth in office space considering the preference given to ORR, whitefield, and lately North Bangalore. Where is the Potential for growth? What else is planned in this area? Peripheral Ring Road? This covers the whole Bangalore, what’s so special? Lots of Patel Smondsville ready to occupy were being sold for less than 3000 psft. Gone are the days where you could see handsome returns on Prelaunch of Tier 1 builders. Not anymore, They charge high and are leaving very little for investors. Blazy Brouchers, Ariel Views and selling dreams is just not good enough for investment. Forget EC look at the happening North, Royal gardens is a classic example, what was the price 6 months back and now? There’s no change.
it is not a luxury project, as 3BHK is 1300 sft max configuration.. 4000 is very high. even SJR launched at 4000 at very good location at sarjanpur road opp wipro.
Agree. 4K looks too high.
How is Neo Town in Ecity? Their Smondo 2.0 seems like a semi-luxury project. Their township concept is attractive.
Enquired about Shriram properties, the rep told me that the project opposite to Gate 18 (not sure on number) is 5K. When I asked him why the price is freaking expensive, he just said the location is prime. And the possession in 2015, dont know why its priced at 5K.
Considering Neo Town’s Smondo 2.0. Any reviews please?
About Smondo 2.0.. couple of points ..
Township concept is impressive. neo mall a big plus.. close to E city . so if you are looking for investment or rental income definitely good .
But if you are looking for your end use .. you should be aware of couple of things.
1. when I visited the site there were couple of units available in Smondo phase 1 ( 3 bedrooms) .The finishing of the flats were not upto the mark
2. There was no service lift , the one used by the residents of that block could accommodate only 5-6 ppl at most . Now in high rise buildings like this would you not expect bigger lifts or for that matter service lifts .. how do you move your stuff if you are at the top floor? or what is the arrangement in case any emergencies ( say medical emergencies)
I met one of the residents during the visit , he said non of the towers have bigger lifts
and to my surprise Smondo2 which is considered luxury does not have it.
I mean how did the plans got approved???
3. The size of the apartments – at 1460sqft it is little cramped.. some of the toilets were without any ventilators.. feel like u may faint inside if u switch on your geyser in the winters.
Now having said that .. there are plenty of families already living now and the price also seems good ( around 3500-400 psqft for a ready to move apartment).
So u take ur call ..
Spoke to the rep in Neo Town, he said Smondoville is kinda budget project so there is no service lift. But, the lift in Smondo 2.0 is bigger.
Trusted his word and went ahead with the booking.
As I said, my interest point was – Township. Liked the location too.
Hi Karthick,
At what rate did you book in Smondo 2.0?
Thanks
Kumar
3700 per sq.ft
Please check GM Infinite E-City Town…. Its just walkable distance after NEO MALL…. Priced @ Rs. 2950/Sft…. http://www.gmecitytown.com
Harsha,
I’m interested in this project, Pls let me know your Pros & Cons of this project.
Guys,
Let me know if anybody know abt this…
Thanks,
Jegathees.
Location wise it seems a good project…everything is based on the rate…not sure what are the average prices here…add 15% as “Prestige Premium”!! So if it is around 3800 it seems like a good investment….
if you are working in EC, then it is definitely a good place to stay….if not then it is a personal reading of the market about the appreciation one might get in the next 2-3 years.
today only i saw in paper about real estate regulator for real estate..bettter lets buy once this real estate regulator is in place..
say NO to pre-launch
You can always opt for a project which is approved and construction has started…No one is forcing you to buy a pre launch…In regulatory act which point says that builder can’t sell at higher price….do you think after act is implemented Prestige will see same project @ 2500 or 3000 all inclusive rate ?
In pune they passed one act that car parking has to be inclusive in base price….all builder agreed but then base price went up 🙂
I have seen in my office …colleagues will discourage other people and will say bad about project and its costly and will buy same without informing other……this happens in india in real estate business….
Hi Rajesh..there is something called as base price..and all builders are currently charging for carparks and other things extra..it doesn’t come free now..
what this RER will help is keep everything in black and white..so if the price is 6000 rs/ft then only people who can afford can buy others will stay away..
Now they are cheating the people..that is the problem.
Yes they charge for many things over base price and if base price is say 4000 rs psqft then final price would be 5500 to 6000 rs. But i don’t think any builder hides it. They show all the charges in price list from day1…And as i know 99% of customers know that there are many other expenses over base price….I have always seen a column total price in price list…i am not getting what else real estate act will uncover.
hi rajesh
RER will bring in transperancy in the pricing..let is be 10,000 rs/ft.. and we can see how many takers are there in bangalore…
Bangalore is IT Capital and i can bet for any IT engineer 10,000 rs/ft is huge amount..no one is going to come and buy..builders has to inform consumers exactly how many apartments are sold..they cannot tell on the 1st day ..50 % of the apartments are sold like brigade did for altamont.
Now all 2 bhk apartments are available for lesser amount from different brokerage firms..the point that i wanted to empahise is RER is good and for any delay in the project..customer can cancel the project and get the amout along with the interest ..that is cool..
yeah .. transparency is what we as consumers should be getting.. enough of this crap by the builders claiming that everything is booked in initial days ..
another good point in the new bill is builders can not start selling unless all the approvals are in place..
and it gives some protection against the delay and funds diversion to other projects
Don t be take for granted by the builders ..play your part by verifying everything .. the price rise is partially created artificially by the builders.. if the end users will not be that desperate.. things will fall in line..
It will prevent the builders from launching projects without approvals
It will give exact carpet area you are buying
it will penalize builders for false advertisements
it will track the funds and accounts for a project so that builders don divert the money to other developments and hence delay the ongoing projects
it will protect consumers against the delays in handover..
what else you are looking for ?
Lets not debate on this .. this is definitely a good step towards regulating the sector and protecting consumers.. so lets support this .. if required lets start a movement to get this passed and end the irregular ways builders and developers are operating today..
Priya and SRM, i suggest you to wait for implementation of REact and then buy…otherwise you will get lot of pain…i don’t want to pay 30-40% more price for same flat so i have given my cheque to broker…and yes i know 3800 is just the base price and there are many other expenses over it …around 30%…
there is one more point…if you sign any agreement please read it carefully….RE act won’t cover you if you give builder all powers and sign the same in agreement…i just read my friend’s prestige fern residency agreement which he has already signed….he is ok if builder delay project…change plan…construct more apartment than what was promised to him etc etc…he already signed and was telling me the RE act should cover him too 🙂
hi rajesh,
I am not sure whether you have heared about CCI..this is called competion commission of India..
you can do a Google and then find the order CCI has given DLF..its 650 crore .because of one sided agreement and builders cannot do anything they want..this is not valid in our court. This rule is applicable to all builders.
Once RER is implemented ..all sale agreement will be same..if they include any other extra clauses..we can always go and file a case against the real estate tribunal..and we can get the clauses changed..or builders will pay 10 % of the project cost or 3 yrs in jail..isn’t this cool..? why would builders like prestige or brigade go to jail for 3 yrs..
once RER is implemented i can say only few builders will be able to survive rest all will either close or look for some other business..
Also all brokers needs to be registered…now any tom , dick and harry becomes a broker…no professionalism is there..after RER is implemented people will
look for someone who is a registered broker and valid credentials..definitely this is good for all consumers.
after all i do not understand what the brokers do in any deal…? currently no value from any broker..i think u understand this very much
Hi Rajesh,
Even I am planning to invest in this property. Here you have mentioned that you have made the booking at 3800/sqft so can you please pass on your brokers contact no. so that I can also make my booking at that rate.
Also can you please advice me if we can expect any price appreciation by the first quarter of next year as the prestige people are suggesting? because in case there are some problems with my home loan then I might want to sell it off as soon as possible.
You can book through any channel partner…my broker didn’t confirm 3800…he said it will be in range of 3800-4000. Price may appreciate but not so fast…Prestige hasn’t revised royal garden and fern residency price from last 3-4 month…it is stable at 4000 and 5200…so EC i believe 4200-4400 would be peak till next year mid or end…even if prices go up you will not be able to sell it easily because its a big project and ample apartment would be available direct from builder…why someone will buy from you when it is available from builder…builder will not help you because they would like to sell their share first. If you have doubt on your loan then take your cibil report first…it will give you some idea on your credit history. if you are open for other location then check skylark…i already have something in east so wanted in this area thats why EC.
Hello,
Yes, I agree. I am from Thane, near Mumbai & recently some of the reputed builders like Hiranandani, Rustomjee etc started selling apartments on the carpet area. We hoped that prices would now be affordable, but unfortunately that was not the case. The apartments which they were selling at Rs 6000-7000 per sqft for super built up area, they now started quoting Rs 10,000-Rs 11,000 for carpet area. The overall price remained the same if not higher in some cases.
Hence, in the New Bill, it is good to see provision like ‘Apartments would be sold in carpet area’, but these would not help end consumers in any way unless the prices per sqft are controlled and regulated.
From Carpet area people will know what exactly he/she is getting. In super are nothing is clear and we do not know exactly what carpet area we are getting. For same carpet area the super buildup are varies with different builder & different projects. In some project the builder increases the super buildup are of the apartment (The carpet area remains the same) & keeps low base rate to show that his/her project is cheap in comparison to other projects in the same locality & tries to fool the people . The new Bill will make thw things transparent
There is a Substation next to the project and the high tension line passes from both the phases. What will be its impact?
http://timesofindia.indiatimes.com/india/Cabinet-gives-nod-to-Real-Estate-Bill/articleshow/20430396.cms
Good, finally its here. Hope it gets implemented properly.
Some one has updated the location in wikimapia, not sure if its correct.
http://wikimapia.org/#lang=en&lat=12.833780&lon=77.663045&z=16&m=b&show=/27603463/&search=Prestige%20Sunrise%20Park%20
Got this mail from Prop tiger:
Best Location
Electronics City- phase 1, Neo town road
Distance
From 1 KM from Lords plazza hotel
Walk able distance to upcoming Neo Mall (India’s biggest shopping mall)
Just Next to Cyber Park, Electronic city- phase 1
1.2KM from Hosur Main road
Extent of Land
25 Acres approx.
Type of Project
High rise Residential Apartments
Type of Apartments
1bhk, 2bhk, 2.5bhk., 3bhk
Areas (tentative)
1BR- 647sq ft, 2BR: 913 sq ft, 2.5BR:1100 sq ft, 3BR:1300 sq ft
Tentative pre- launch price is Rs.3800 per sq.ft 1 st 50 booking
Hi
This property is nicely located and very close to elevated expressway and upcoming metro. Good to get in at pre launch.
How does this look from invst perpective
Hi, I just now got call from a property broker. He told me that booking has been started and base price is 3800/-. He does not exact location. he told me it is 600m from wipro gate 3. But 3800 price is too high for pre-launch.
I am interested to book a 1 BHK here..what is the exact location..any idea? Will Prestige do the booking directly?
Hello Kapil,
yes they would do it directly.
Go to their corporate office and meet a sales person.
How many units and how big the project is? Plz share on Exact Location and why 4000/sft as pre launch?
Generally if 1bhk included in configurations, that means it may not be luxury or super luxury? Any idea on other projects which has 1bhk but still has condo facilities, thx
hi ,
seems proptiger is misleading the buyers, to sell something else.
today i have seen prestige sunrise floor plans, first of all it is not a budget housing , as per prestige it is better project then their tranquility. bookings open from wednesday morning. start from 3900per sqft and
2bhk 1131 and 54 sqft,
3bhk 700
2.5 bhk 1300+ looks decent
bedroom sizes in 2 bhk are 12*14 and 11*14