Prestige group will open bookings for their new pre-launch project named Prestige Ivy Terracess, located off Marathahalli-Sarjapur Ring Road and next to the Prestige Sunny Side project. Spread across 3.6 acres, Prestige Ivy Terraces comprises of 5 towers of G+15 floors with only 4 apartments on each floor.
Prestige Ivy Terraces Options
- 2 BHK
- 2.5 BHK
- 3 BHK
Prestige Ivy Terraces Location
Near Prestige Sunnyside Apartments and New Horizon Gurukul
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Prestige Ivy Terraces Price
Expected pre-launch price of Rs. 5000/- per sft as of June 18th 2013.
Check back for further updatess
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Details
Hi,
I am looking for 3 bhk in prestige ivy terrace Bellandur. Please share details on nishika_gemini90@rediff.com.
Thanks in Advance
Hi,
I am looking for 2.5 or 3 bhk in prestige ivy terraces. Please share details on nishika_gemini90@rediff.com
Thanks
We are looking for 2.5BHk lower floor (4,5,6,7) & 3BHk any floor please revert back with details of the unit, Price breakup & contact details on premaswarup@inorbit.com
I am looking for 3 BHK (1688) … Please let me know if anybody selling (Only Owners)
Hi Raj,
Let me know if you are interested in a 3BHK (1586).
Thanks
Sushil
Please Share the details of your unit on premaswarup@inorbit.com
Let us know more about it.
let me know if property is available
I am.interested…let me know of still available.
Hi Im sonal…I am looking for 2 bhk in prestige ivy terraces..seller (Only owner) please share details on sonal37.patel@gmail.com
Looking to buy 2 BHK in ivy terrace, Owners email to ramanuja.g@gmail.com. Brokers execuse.
Hi, i am looking to buy a 2.5 bhk in Ivy terraces.
Owners only pla contact on enggankurtyagi@gmail.com
Can anyone comment on the project feedback?
Hi.. looking to buy a 3bhk in ivy terrace. Serious seller please contact me.
Please email me on azlansheikhz@yahoo.com I have one.
Hi, I am interested in a 3BHK. Please contact me if it is still available.
Kindly revert back with your number to azlansheikhz@yahoo.com will call you and give the details
I have 2.5BHK 1383sqft 2 units for sale on attractive deal, only serious buyers message me or call me on +91 9538257117
I am not able to reach you. Is it still available?
Yes It is available you can email me on azlansheikhz@yahoo.com
Buyers who has not yet joined the ivy terraces apartment owners group can join prestigeivyterraces@googlegroups.com
or else send me an email at “dinesh.layek@gmail.com”.
hi iam sudha ! we are booking a 2.5 bhk in ivy terraces around rs.6850/sqft. assistance needed regarding whether it is worth, and also risk wise we are worried , because once we had a very bad experience.
Hi Sudha saw your post today, hope not late, you can contact me I have 2 higher floor units for very good price if interested please email me sagarsheikhz@yahoo.com immediately
Hi Sagar , i am sonal ..is there any 2 BHk..?
if can you please share details on sonal37.patel@gmail.com
Hi,
I am looking for 3 BHK in Prestige Ivy Terraces. Direct owners only, no brokers pls –
send me an email.
Hi Amit,
Please let me know if you are still looking out for a 3BHK. We can discuss further.
Thanks
Sushil
Sushil please let me know about the details. roby.rakesh@gmail.com
Hi Sushil,
Is it still available? Pls share the details at biswa71@gmail.com
Hi Sushil,
Please let me know if it is still available.
Regards
Shashank
Shashank23dec@gmail.com
I am planning to book an apartment in Ivy terraces. Please advice if it is a good project for living with family considering power distribution center near by and the water supply.It will be great if somebody could give me an idea on construction progress and the expected possession date.
alternatively there is one proposed SALE of a 2 BHK apartment is avialable
details pertaining to this property ate featured here below :
the website where this property can be seen. :
http://www.rohanbuilders.com/rohan-jharoka-best-residential-project-kempapura-bengaluru.html
floor where located, – 8th floor
monthly maintenance charges, : apprx Rs. 4000/- pm
amenities available, as follows (for more details have walk thru visit)
ROHAN JHAROKA SPECIALS
RCC frame structure with 6 ” RCC wallsCentralised LPG systemLandscaped area with innovative features designed by renowned architects from SingaporeInnovatively designed, illuminated swimming pool with paved deckFun pool for childrenFurnished clubhouseProfessional gymnasiumSparkling water bodiesThick greenery and lawnsJogging track
whether seller is first-buyer : yes
total how many blocks, – A to k wings in 4 blocks
how many apts in each block, :4 appt per floor (8 floors) on an avg 40 appts
overall number of apts, :409 appt in the whole complex
apt facing, norht = south
main door facing, south
vaastu compliance, : its builders appt ( we have no faith)
any deviation in construction from approved plan, – no
khatha ( A or B ), – khatta A
betterment charges paid, – must hv been paid by builders
water ( bore well only or cauvery also available ) – mix of borewell / cauvery)
other details – ref atachments and view 360*
http://www.rohanbuilders.com/rohan-jharokaII-residential-apartment-project-kempapura-bangalore.html
“Rohan Jharoka “, yamlur, near HAL airport, bengaluru – 3bhk – 8th floor – first buyer /allottee – 4 blocks of about 8 floors each – app 4 apts per floor – A to K wings ( 11 wings ) totally – 409 apts in entire complex – A khatha – bore well + cauvery water available –
amentities available are :
RCC frame with 6” RCC walls ; centralized LPG supply ; landscaped area conceptualized and designed by a renowned group of architects from singapore ; innovatively designed illuminated swimming pool with paved decks ; fun pool for kids ; furnished clubhouse ; professional gymnasium ; thick verdant greenery and lawns ; jogging track
photographs relevant to this property are enclosed which will give you a ‘ feel ‘ of this prestigious property which has been promoted by a credible and reputed organization of good standing.
The square ft area is 1235+ 98 for parking- 2 bedroomed
Flat is completed furnished with full wardrobes upto ceiling height,modular kitchen with piped gas,one open terrrace balcony overlooking the Swimming pool of Phase 2
I had a specific question. I did not ask for alternatives. Please do not use the specific questions for your advertisements.
EXCELLANT ARTICLE..MUST READ = how-to-make-the-right-choice-when-buying-a-house
http://economictimes.indiatimes.com/wealth/real-estate/news/how-to-make-the-right-choice-when-buying-a-house/articleshow/49428007.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&ncode=e5263bed00e2a8b53264cc14d44e2fa2&from=mdr
I have 2 bhk in Prestige IVY Terraces. Please text me on 9619411752 or email at veer_esh@yahoo.com
Thanks
Veeresh
Hello,
I am looking for 3BHK in this project.. Owners please do email me…No brokers
Hi i got 3bhk in Sunnyside. if you are interested please call me 7406648445 are share me your mail id.
Hi,
By any chance is it still available?
I HAVE 3 BHK 1749 SQ FT UNIT IN PRESTIGE IVY TERRACES,IF INTERESTED PLEASE CALL 9845610212.
If you are still looking, I have a 3BHK. Please email me at vishwasg@gmail.com
I am looking for 3 BHK flat with east or north facing in Ivy terrace. Please let me know if anyone interested to sell.
Regards,
Rajeev
9986692371
2 bed 1294 sft for resale at Oak Block, Sunnyside
Interested please click below
http://harshasagar.com/resale-flats-in-bangalore/
What is the facing that you have got ? When it is expected to complete ?
What is the offer price ? let me know ..I will be interested and not an investor.
Buyers who has not yet joined the ivy terraces apartment owners group can join prestigeivyterraces@googlegroups.com
or else send me an email at “dinesh.layek@gmail.com” for any info regarding this project.
Hi
We have bought a 3 BHK flat at prestige ivy terrace PIT. Can the admin include us in the Google group.
Thanks
Animesh
Hi Animesh,
please visit “https://groups.google.com/forum/#!forum/prestigeivyterraces” and click on apply for membership.
Hi All , We have few ready to move in apartments available on Sarjapur road which are all investor stock at a very competitive price – 3 KM form ORR and 0.75 km from ORR.
The project is located on Main Sarjapur Road. 3 BHK of 1730 sqft will cost 1.05 cr ( Including registration , service tax and VAT ) and smaller 3 BHK will cost 1 cr ( Including regitration , service tax and VAT ) .
2 BHK will come to 78 Lakh ( Including registration , Service tax & VAT ) . The projects have got full fledged club house with all the amenities.
Interested people can mail your requirement to vikasgowda25@gmail.com
Buyers who has not yet joined the apartment owners Google group can join prestigeivyterraces@googlegroups.com
Hi All,
Has anyone got any update on when the construction will start for this project? I have a formal allocation letter last week from Prestige.
Thanks to share your experiences.
Sachin
Dear Sachin,
You may have to wait for at least six months time if not more for the actual construction to start at site. Even on the projects allotted in the month of March 2013 (eg Westwood) contracts have not yet been signed though some of the post dated cheques have expired!
I came to know from the market that this type of delay is normal with Prestige and hence am afraid of buying any more properties from them. This is FYI.
Rgds,
Naik
EXCELLANT ARTICLE..MUST READ
http://profit.ndtv.com/news/your-money/article-real-estate-bill-is-it-good-or-bad-for-the-consumer-324638?pfrom=home-business
Nothing unique really in this bill and builders/developers are anyway going to find loopholes in it.
Can some one share the amount, I have to shell out for Registration, VAT and service tax? What are the prevailing rates for this area in Bangalore
Service Tax is Calculated 12.3% of the 40% Portion of the Total Cost ex: Basic Cost = 30,00,000/- and other Charges is Say = 5,00,000/- so now 40% of 35,00,000/- is 14,00,000/- know apply 12.3% Service Tax on this Amount and for Vat it is 5% on Total Value , i,e = 35,00,000/- .
The Best way to Calculate Service Tax & Vat is 9.5% of Total Cost Rather Getting Confused Yourself.
Registration fees = 6.6% of market value / guidance value during the time of registration..
its 40 % of construction cost not total cost and vat is on 70% of construction cost.
total cost-land cost = construction cost
Hi all,
Does anyone know about the khata type of the land and deviation in construction. When I did some “google” I found that some of prestige’s big and famous projects have got only B-Khata. Now that nationalized public sector banks have stopped lending loans for B-khata property, I am curious to know if there is any promise from Prestige before even looking into this property.
I wonder if the prestige guys are just creating a eye-wash on this project. Last time i enquired a few days back, they told me that all 2bhk are sold out, and only 2 units are available and that too at the 15’th level, and overall only 15 units are available in the total project…More than 300 units sold out in 2 weeks.. Unbelievable..
They will hype that all are sold to sell those which are hard to sell. If you are not in a hurry, and a genuine buyer, communicate your requirement and just stick to it and they or their Agents (in the case of Prestige) will come back with an option suiting yours. You will probably get a good option which otherwise was not available. There is nothing wrong in trying. Do not cultivate emotional attachment to any property before buying for own use. Do not cultivate emotional attachment to any property even after buying if you are an Investor.
Builders will take advantage of this.
San
Hi Deepak,
I don’t think there is artificial hype created. I have booked a 2BHK here, and in fact I thought of upgrading it to 2.5 to 3 BHK. But the availability was very less and price they quoted was 5400 or so. Trust me there are lot of buyers for Prestige property, they wait for the launch and just book it. Hope it helps.
When I showed the floor plan to my wife, she rejected it immediately saying that there is only one balcony in all apartments and proper utility area is also not there – though they show a bigger area for kitchen and the expectation is to use a portion of it as utility..which doesnt look nice for a prestige brand.
I think you haven’t noticed that in last 1-2 years 2bhk size has gone down to 1100-1200 and 3bhk is 1400 – 1600…all this is happening because price is now 5000+ and vat service tax and other charges add 30% more to it… In order to plan 2bhk in ~1100sqft builder cut down extra balconies, small hall and kitchen….
recently i came across Divyasree who are offering 2bhk+1bhk in 1300 sqft..
this 2bhk itself will cost ~80L…imagine the price of bigger 2bhk with 2-3 balconies.
That’s a common strategy dude !!
I have been seeing some very critical comments about Indian Economy and Real State Growth in India. Quite hard to comprehend such a wide comments. I believe, its more of a opinion, which people are sharing. (No Offence, even opinion counts 🙂 ).
I witnessed 2009-10 rescission and it looked like end of the world. To give you an example, I was staying an appt, which sold about 3000/SQ FT some time in 2008 and during 2009-10 time, it fell on 2150 SQFT. Roughly 30% drop! and now it is again selling at about minimum 4000 SQFT (base price). How do we comprehend such a data. I am sure, it needs good level of expertise to foresee such a thing.
Real state is also a commodity and foreseeing that its gonna just burst, may not be so real. US Real State market was burst due to irregular banking/debts there.
Some examples are given about Service Companies, but it is just one aspect. I work for a Product company and all the growth here is also due to local talents, off course Rupee-Dollor benefit is there. All of a sudden, its not the case, there would be huge supply of Real State and Demand would be much lower.
What would you say for Real State Prices in place like Indira Nagar, Raja Ji Nagar, where it is minimum 8000-10,000 SQ FT. would that also fall to 4000-5000 SQ FT, all of a sudden.
There need really quite strong reasons for real state crash!!
Anyway, these are just my thoughts & opinion. Again, I am also not an expert!!
Cheers,
Mithun
Agree. Also think people forget the impact of inflation. How many people are expecting price of cement, construction, transport etc to come down. If these are not likely to come down – there is a resistance to fall in price of property. However agree – people should not stretch temselves
@mithun which appt is this ?
Take my advice and be on cash. India is not far from the Real estate crash irrespective of so called growth in india… with current Visa regulation in place, the no of Indians coming to USA/UK will definitely reduce as both US and UK govt want to retain job onshore. The cost of hiring a IT resource at onshore is almost same as that of bringing it from offshore. Because of competitive market year after year offshore rate card is shrinking. just to give you an example TCS is picking up MF job at $15/hr vs $33/hr in 2001…The market can only continue to keep riding unless there is another revolution like IT in india e.g. be bringing domestic helps, Doctors and Car mechanics from India. Most of the Real estate growth in India was mostly due to the IT folks, which currently showing a sign of slow down.
agree.
I disagree with your statement SRR 🙂
Can you tell exactly when real estate market will crash ? I am sure you will not be able to give any dates.
Some of the points which you wrote doesn’t make any sense to me. you are giving 2001 example that TCS used to charge $33 and it now charges $15…..in late 90s and early 00s there was serious scarcity of IT resources…i have seen that era and SAP resources used to bill $200 minimum@onsite. From 2004-2005 rates are stable and even today onsite vs offshore salary ratio is 1:4 ( same exp resource ) and if you are successful to place some fresher then this ratio could be 1:6 too. (Every IT company account manager knows this..i think you have missed PM role in your company).
Why Linkdin, Cisco, Intel are expanding in bangalore ?
2: You said change in Visa rule to reduce indians…did you read any of the rule ?
US is increasing H1 quota…they are changing green card rules and H4 dependents will be able to work…how can this change reduce number of people ?
If this gets true then there will be more NRIs and property price will further go up.
You are seeing Sobha/Prestige/Purva price ..their prices will be at higher side because their base is NRI and Top layer in India…both make good money for them 80L for 2bhk is nothing…3-4 years of savings….you can always choose a smaller builder with cheaper price.
Has anyone got allotment letter from Prestige post booking?
Everybody pls be cautious about making large investments, if you are relying on a Mortgage and also your income is limited to Monthly salary. If you notice the Macro economic scenario right now , there are limited job opportunities, think form your side how many job applications you are seeing when you try to shift, look at the Indian economic growth, look at the enormous no’s of real estate projects on going. all will reflect a scenario in which an individual’s investment many not able to bring back the return on capital or even make the capital at a point of time where you are debt crunched.
Same happens in US and in Europe, US there were 7 out of 10 people were eating in bud bunks during last recession.
We booked IVY today.Had enquired about the project last Sunday. In one week, total cost gone up by 2L.
Wondering, is this is a bubble which will burst, or reality, where demand is so high?
How much did you book for ? and which tower ?
Ruchika,
As per predictions, prices are expected to soften any time soon and it has been evidenced in gurgoan and mumbai already. When it started to soften/crash it will be very steep.
this is one of the reasons where many real estate companies are launching projects now and pushing buyers for prelaunch so they can lock them in.
If you are looking at this for investment then there is a potential threat and if this is for your own use then how does it matter if it crash or not.
Prices on the long run (15+ years) have always been on the upside.
What is the current price Ruchika?
On Sunday the price was 5200/-
Hi Ruchika,
I am wondering how you booked this property if you think its a bubble which will burst. As per me ORR is the most happening place in Bangalore right now because of upcoming developments happening in around it. Adarsh is charging close 1.4 CR for a 3 BHK which is just after this property.
Dear Ruchika,
With Dollar gaining strength and weak Rupee (>60/$) the raw material cost is going to go up with inflation! But please ensure in which year this project will be actually launched. Otherwise you may get stuck with your 20% down payment and PDC’s for a very long time…………. I suggest without siging the agreement you should not hand the post dated cheques which are time bound for release of payment. One fine day when the agreement is signed off you may observe more than 3-4 cheques being over due at the same time!
It seems without statutory approvals on the project in place the pre launch is not permitted any more. They are supposed to come up with the launch date only.
You may check with some one else also.
Dear Ruchika,
Since you booked very recently, would you please get in touch with me on thru email on san777 AT Outlook dot Com.
Thanks
San
oh my god realy – ok I will not book. Thanks.
Hi,
Did anyone got any allotment letter or email from prestige directly, informing about their unit no. and the final price, payment schedule etc….also about the (20% – booking amount) details ??
I got the letter a week back asking me to submit 20% (20% – 5 Lakh since I booked 3 BHK) with all the details such as price, tower etc.
Please join “prestigeivyterraces@googlegroups.com”. Many people has joined the group and some discussions already started.
Dinesh, I have already many people joining this prestige_ivy_terraces@googlegroups.com group. Why dont you join as well and ask guys who joined your group to register in this group?
Thx
Sachin
Lets avoid duplicate groups.
It make no sense having two groups for the same project. Can you please finalize one group out of prestigeivyterraces@googlegroups.com and prestige_ivy_terraces@googlegroups.com and then abandon the other?
Guys why fight over group at this time , why don’t you discuss it here so it benefits everyone , you can have a closed (owner only) group once the project is lunched.
Rajesh A
Relax guys 🙂 I will talk to Dinesh and finalise one group.
Hi Dinesh/Sachin,
I have joined both group. You better discuss and have one group.
Thanks,
Venkatesh.
Hi Sachin…we should definitely avoid duplicate group…I created this group on June 22nd, and before creating the group I searched in google groups and there was no group created till that time for this project. When did you created the group? I request you to join the group and see when I created it and from when members have joined the group and started posting.
Guys there is 1 more group
prestige-ivy-terraces@googlegroups.com, which I joined on 24th…(this group also has 18 members till date) so in total we have 3 groups, which is uncalled for..No point dividing the strength.
prestigeivyterraces@googlegroups.com (created by Dinesh)
prestige_ivy_terraces@googlegroups.com (created by Sachin)
prestige-ivy-terraces@googlegroups.com (created by ????)
Dinesh/Sachin can you guys decide 1 group and we all join that…
I would all memebrs in prestige-ivy-terraces@googlegroups.com to move to 1 group, which you guys decide.
I already posted in this forum that I created the group prestigeivyterraces@googlegroups.com on 22nd June, that you can check in the all-members-list, and at time of creation I searched in google-groups that there is nothing already created. Any other group created before 22nd June?
Hi All,
I have 34 members joining the group prestige_ivy_terraces@googlegroups.com.
Others please share your count, Majority wins. 🙂
Sachin
Keep fighting 🙂 …You can define n number of criterion, number of people joined, number of messages posted…etc etc… 🙂
prestigeivyterraces@googlegroups.com has been created on 22nd June, 34 members joined so far, total 27 messages posted on 2 different topics.
Anything else you want to know?
Boss I just said in order to avoid inconvenience to the people already joined one group. You seem to be very attached to your group though. I think its better we post our thoughts on harshasagar for now, until we some solid news from prestige. This will benefit other people who are planning to buy in IVY.
Sachin,
Why did you created one more group when there was already one group created for the same purpose?
is their a competition going on 🙂
guys be mature.
Hi Sachin,
I checked that group prestigeivyterraces@googlegroups.com craeted by Dinesh was created on 22nd June and also has 34 members…your group was created on 25th..so I guess what Dinesh is saying is correct…
Let’s follow that group and close prestige_ivy_terraces@googlegroups.com ….
I tried to register for both groups, but got group doesn’t exists response.
Pls let me know which is the valid & working group id.
Hi Vijay,
this should work
http://groups.google.com/group/prestigeivyterraces
or else you can send me a request at “dinesh.layek@gmail.com”
did anyone’s cheque got cleared whoever has booked on the first day? also, anybody has booked on day one, and still cheques not cleared out ?
I just got a mail on day one, welcoming to prestige family and thats it, till now.
my one got cleared, I booked it on first day…but I have not yet received any email so far…
For anybody who booked on Saturday and Cheque got cleared.
My cheque got cleared yesterday (Monday) but I am yet to receive confirmation from prestige. My channel partner India Homes has sent an email to me today confirming the block and floor.
Hi Sachin….What rate did you book..which tower and floor…Also , please let me know if from invst perpective whether PSP is better or IVy
Harish, why dont you join the google group to discuss more on this project? You can see it in my posts.
Hi Harish, As I said I booked @5200 + floor rise. After doing lot of research in and around North/East Bangalore. I found that this is the good property and will give good returns. If you want to talk more then mail me at sachin dot moore at gmail dot com.
I have created a Google group to track the development of this project and have some meaningful discussion. Please send a request to prestige_ivy_terraces@googlegroups.com with your block and flat number.
Hi sachin,
there is already a google group created for this purpose prestigeivyterraces@googlegroups.com, please join. I posted it 2-3 days back, but the comment is still awaiting moderation 🙂
In fact there are people already joined this group. So I suggest you join me as well.
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 think falling rupee triggers pull out of FII money in Indian RealEstate and triggers widespread chaos in Indian realestate. Buyers beware! Lot of projects are going to stuck in the middle. Happened in 2008 in USA.
Do you think FII’s were buying residential apartments? Home prices are going up because of domestic demand, people are more and the supply is less. I am sure it will continue to appreciate for next few years.
Different markets behave differently, There is a lot of difference between India and the US markets. All the guys in US are having a 2008 phobia which they somehow start applying in India and are expecting a downfall like the way they have seen in the US.
If you have funds and have liked a project go ahead and buy, prices will not go down like the way expected by many. If you have a requirement and fund with you and are not buying now you will not buy even when there is a crash, since your priority will then change and you will use those funds with you for your own survival, since the crash will only be an after affect of a serious economic down fall resulting in massive job losses. If you are expecting a situation like this then you will also be part of the same scenario and be an affected person. Will you then go and buy a flat or fund for yourself.
The hike will continue if the inflation and rupee devaluation will continue on top of the usual hike.
If you have the funds in Rupee you are making a mistake keeping the money in the same currency as savings.The rupee is depreciating. If your funds are in USD then it is still ok and you can take the decision at the appropriate time.
San
Well said. San. As a renter in Bangalore, I would like to thank all the flat investors in Bangalore. I see you guys as farmers. Without farmers producing, how can consumers eat? if investors do not buy the flats, who is going to rent for middle class. Keep up your buying(we are hoping rents will come down as lot more supply comes in). BLR middle class needs lot more rental flats. I am sick of living in a floor in independent house. looking to move to a flat soon.
In which year this project will be launched?
There are many projects of Prestige at prelaunch stage which are yet to be launched even after making 20% payment and all other PDC’s issued. WestWoods is one of the examples where in the first PDC is due in July and the agreement is still not in place!!!!
Of course the completion of the project depends on start date……………and if it takes more than six months time after making 20% payment and if the contract conditions are not acceptable to one of the parties then we may lose a lot on our investment if we wanted to withdraw from the investment.
If I have definite dates on the above I may be interested to invest on this project.
The expected time to the launch the construction is december this year. Might take at least 2.5 years to complete. In all 3 years from now..
Let me watch and see if WestWood is going to be launched shortly since the bookings had started from January this year. If they take too long time to launch after getting paid 20% then it may not be wise to take additional risk & invest with the same builder. My 20% investment is already stuck with them.
That means we may lose returns on our investment of 20% for another six months time. Even if this is the case will Prestige give an assurance in writing that they will launch by Dec 2013? And PDC’s will be dated after the launch date?
And if the appreciation is good by that time to recover our losses due to Rupee devaluation against Dollar then only we could proceed with real estate investment.
Prestige has already collected PDC’s from us which are dated like end of July. I dont think any tier-1 builder will wait for the construction to start and ask for PDC. They always collect within 1 month of the pre-launch, launch etc.
I am fed of this kind of articles, these are written just to confuse end users. I was getting an apartment in one of Prestige project at 4200/sqft last year, I thought price might get corrected if I wait. Now after 1 year I am still waiting and in between the price has been appreciated by 1200/sqft. Now you are recommending us to wait another year for the Government to change, by then the price will again get appreciated by 1200/sqft. I know the prices next year will definitely be 2400/sqft more than what I could have paid last year. Even if the price gets corrected, do you expect it to be corrected by 2400/sqft, if yes then you expecting out of realms of reality.
I think correction in price may take place if the inflation is reversed to deflation. In India this will never happen due to black money in circulation. Since the Dollar has appreciated more than 15% from April this year I don’t think property prices will come down due to increase in the cost of raw materials.
Has anyone booked in Tower 1 ? If yes, then @ what rate? When I checked with Prestige, it seems different people from their office quoting different rates for same unit type in same tower.
Also those who have booked, please share that you went directly or through some estate agent?
Appreciate your response.
Prestige quoted @5500, this seems very high to me.how much did they quoteed to you ?
As I said, they quoted 5,100/- first and then within half an hour changed to 5,500/- and surprisingly when I approached through broker they quoted me 5,400/-
Even though it is very high price, people are buying so builders will take advantage of it.
Even I had same experience, then I heard of Assetz East Point through a broker, which is on the same lane. I went there and trust me I had the best sales experience and options to choose from. did a bit of bargain as well and go the best deal .
Rajesh,
Would you please share some details about Assetz East Point please? What is the area of flat you booked and basic rate/sq ft?
Some time back I checked with them and they were on much more higher side than rest of the builders in that area. So I just wonder if they have brought down their prices by offering some good discount 🙂
5100 including everything floor rise of 10th floor plc etc etc – very good project by builder of Vrindavan tech park
Its all crap i would say….day by day they r changing the price how ever they want…surprisingly ppl are still booking the flats…..not sure whether ppl are realizing the fact that they are purchasing the flats @ 8000/- per Sq ft.
Here is the simple calculation:
as per the current price of so called prestigious builder 5500/- per sq ft in Tower 1
SBA: Area of 3BHK is 1713 sq ft so we gonna pay around 94L for 1713 sq ft
But actual BUA is around 1175 sq ft (for 1713 sq ft)…since 20% of the SBA is common area and 15% you should leave it for walls.so the accessible area would be 1175 sqft
so at the end we are paying 94L for 1175 sq ft…so which means that we are paying 8000/- per sqft.
Friends…Please re-think again and again before investing and get to know the actual facts
There are hardly any buyers in this area beyond 3700 rupees till 9 months back. there is a huge hype created by builders by jacking the prices to 5300+ additional costs.
i dont see rentals in these area is more than 20000 for 3 bhk and 16000 for 2 bhk. with signal free coridor traffic may slighly reduce but otherwise there are no other major advantage or plans of metro coming nearby or any other major developments.
i think it is a wise decision for buyers to wait and delay their purchase in these bloated price market rather than rush.
vaswani reserve in the same location and nearing completion in 9 months is available for 5300 and many units are still available for sale after 2 years of launch.
all the buyers who have already paid advance can pray god that the prices will continue to rise and you will have the project at 8000+ rupees on completion.
with the current IT market in bangalore and no salary hikes, promotions and limited opportunity for fresh grads, not sure who will come and take these for rent incase if these are meant for self use.
you can make 15% return if you invest this money in bond/debt or liquid funds in the current market rather than in these hyped projects.
If Vaswani Reserve is available at Rs 5300 it is definitely a better option as the both project and the builder are good if not better and more importantly the project will be ready in a year.
Prestige will not launch this project until end 2013 or next year and will take 4 years to complete. I am saying this from past experience of two of their projects launched in mid 2007 and one completed in late 2010 and the other in early 2012.
Also, Prestige’s quality and finishes have dropped drastically no comparison to Adarsh or Sobha and perhaps Vaswani too.
very true
I hear that pre-launch price today was 5100/SQ FT + Floor rise. Is it true ?
Has anyone booked in Prestige Ivy terraces project? I have booked at 5200/sqft
What is the current rate? Is it 5200?
Seems they have different price by tower, for which tower you got @5200.
Thanks.
I got in 5th tower, 3rd floor. My friend booked for 5300 in 4th floor in same tower
I have booked a 2BHK @5300 in Tower 2.
Have you booked individually or went through some channel partners?
I got an allotment in T-3 for 1199 @5200 + floor raise. Why dont we create a group and follow the updates?
hi sachin,
did they gave you anything in writing about unit number, or just mentioned the price, and the unit number written against your name, in their papers.
Hi.
I have booked a prestige ivy terrace apartment in 7th floor, east facing. for 5100/- plus floor rise.
Any one suggest me is it good option for investment purpose? appreciate your response.
thanks
which tower?
hi ravi
I would like to know how you booked flat at 5100 which is launch price. Have you gone through any channel partners or applied individually?
I have booked in Tower 5.
The Agent has confirmed me. But I didn’t get any communication from Prestige,
Thanks.
Yes, the answer is YOU. Just joking. Congrats on your new apartment ! It seems you have added Prestige to your life ! 🙂
It seems Prestige is quoting different rate to different Customers in same tower. I visited their head office and the sales person initially told me rate @5,100/- in all towers and later on when I asked about availability, he changed the price to 5,500/- in Tower 1, 2 and 3.
Is there anyone who booked in tower one @5,100/- or 5,200/- ?
Prestige Ferns has 1300 apartments in 25 acre land, this project has 320 apartments in 3.6 acre land. Don’t you think the contiguous open space will be very less? There wont be much outdoor amenities. I think prestige ferns is a better choice, given it is a 25 acre project with only 1300 apartments there will be lot of contiguous open space, with just Rs 200 more than this project.
yes open space would be less, we live in divyasree elan, its 5 acre land for 380 apartments and i would say open space there is just ok. But at the same time if prestige give same open space as fern residency then i am sure price would shoot up by atleast 50%. i think you have a fair choice…if you want open space and ready to go 4-5 km towards harlur then fern residency is good choice…if you want main orr then ivy but you get very less open space.
I am planning to book an apartment here, please share your thoughts. You think 5100/sqft is high in this area?
Location is a big plus for this project, it comes ahead of Prestige Sunnyside. Price seems to be quite OK looking at other projects in the same location. But big problem in that area is Water. Totally depended on Water tankers.
I remember that there was a medium sized power distribution center right next to Prestige Sunnyside, with heavy electrical poles nearby. Since this is near to Prestige Sunnyside, would that be an issue here? Guess it is not very healthy living near power lines/cables.
never get into pre-launch phase..This is illegal. All builders are trying to do lots of pre-launch because once Real estate regulator bill is passed in the parliament..they cannot do this..so they are trying to collect as much money as they could
better avoid..and real estate market is not looking good at this moment. its scary in IT industry so is the real estate.
Totally agree.. 5100 during prelaunch is toooooo high considering the current real estate situation.
i think we are getting ready for a bust.
Location is excellent and price is very good considering the fact ferns residency is already selling@5300 which is way inside sarjapur….200 rs more is nothing for main road project…only negative is drawing/dining hall size is small…i doubt they will give 5400 rate to many people….
Friends..Looks like real estate prices have crashed..Look at TOI news paper..developers are selling for half a price ..so be careful before your decided on the apartment.. There are lots
of people in the blog who belongs to the company..so be aware of this..They are creating artificial demand..do not fall in trap..Wait till Real estate regulator is in place..the sky is not going to fall.
Can’t believe without link.
Tell me the builder who reduced the price by half , I will buy.
i too saw in TOI paper too..would wait till real estate regulator is in place..do not get tempted…
Ok Priyanka if you don;t believe better you can go ahaed with prestige @5500 per sqft ..
its too high for that area..only IT crowd is there in electronic city..Most of the people travel from other parts and are settled.
This launch is not going to attract anyone..I believe right price is 2400 rs/sqft …prestige is charging more..Also the agreements are one sided..that is why i am saying do not get tempted and buy..wait for 1 more year..we wil get the property for less than 3000 rs/sqft …Everyone who has invested in real estate are feeling the pain..lots of enquires come for resale..lets be cautious and we do not want to invest our life time savings
i was shocked to know 5500 is just a base rate and builder is asking lot of other charges…final cost would be around 7500….how can they charge extra after charging such a high rate….are we saying that there is no impact due to real estate bill….can we file a complaint against Prestige ?…..i agree rate shouldn’t be more than 3000…i don’t think anyone is buying at this rate…all bookings are just hype created by marketing team and brokers……
Agree Ridhi. Everyone should be careful..there are lots of marketing guys employed by real esate companies to create hype in the social media..just by saying ..prices are going to increase..so lets all advise IT friends not to buy till real esate regulator comes ..the sky is not going to fall if we dont book now
Moreover EC is not a nice place to invest..lots of water and social infrastructure issues.
Location is very good, but the project is bit small in size, its just 3.6 acres, and that too they will have more than 300 apartments in this.
Whats your view about this project?
How is this project as compared to sunrise park…considering rental and investment wise.