Prestige Group is planning to launch a new project called Prestige Lakeside Habitat close to Varthur Lake, Whitefield. The project is a mixed development and will consist of Apartments, Villas along with Office Spaces and Shopping facilities in the lines of Prestige Shantiniketan. Pre-launch bookings are expected to open in 2nd 3rd week of October.
Prestige Lakeside Habitat Options
- Row Houses
- Villas
- Apartments
Prestige Lakeside Habitat Location
Gunjur Village, Varthur – Sarjapur Road. About 3.8 km from Forum Value Mall
Prestige Lakeside Habitat Price
Whereas the exact price details are not yet revealed, expected pricing is in the 4000-5000 per sft range.
Pricing details are now out. As of pre-launch week in October 2013. The project is priced at Rs. 4770/- per sft with a floor rise charge of Rs. 15/-
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Prestige Lakeside Habitat Concerns
- Price has been a major concern with most people expecting it to be priced closer to 4000/- per sft
- Connectivity to Whitefield passes through Varthur village which has a very narrow stretch of about 500 metres which would be a bottleneck in future unless widened
I am looking to sale my 2BHK unit. This is pool facing and at 8th Floor. I am okay to offer better rates than current builder rates. Please reach me back at nitincrown@gmail.com.
Hi,
I want to sell my PLH 2.5BHK asap.
More details:
Tower: 16
Floor: 12
Rates: whatever is going on right now.
Please connect with me at
nitinkumarverma@gmail.com
Hi i almost finalized prestige lakeside for a villa but after seeing reviews i thought of seeing few more options, Finally i book in NCC URBAN GREEN province its near sompura gate 10 kilometer away i agree prestige was in good location but boss you trust me ncc individual villas with super quality i was with prestige from 10 years but first time i left the brand and gone with NCC its fantastic. Sorry for mentioning others company but i have to thank all of you because of your peoples review i got my dream house thank you so much for fare reviews.Sorry vinod for mentioning NCC URBAN GREEN PROVINCE.
Hi,
What are your views on 3BHK (2134sq.ft) in Prestige Lakeside Habitat in Tower 14, Series 1 Main Entrance from the Vastu point of view? The main entrance is not exactly west but few degrees towards south also (so not exactly south-west)
Thanks in advance
I am looking to buy a 2.5BHK here , but I am getting very high floors.
Anyone interesting is selling <15th floor ping me.
If your hunt is still on, then please reach out to me at nitinkumarverma@gmail.com.
I have 2.5 bhk in PLH @ 12th Floor in tower 16.
@Nitin
Hi Nitin,
Is yoyr flat is still available for sell?
Looking to buy a 3 bhk in PLH, please let me know if anyone wants to sell
Hi,
I am planning to sell my unit. Unit No. is 13274. Area 2134 sq ft… You can contact me at +91-9741155472. BR, Vipul
Hello,
Today we visited PLH . The builder is saying we cant transfer/sell it till 2017 Jan. Seems there is a lock period.
Whats your agreement saying ?
Hi am interested in the property .How much are you quoting?msg me in 8050931826
Regards Kama
These red pipes are stealing the show in the corridors and entrance of home.
Any chance builder can do false ceiling with thermocol.
Hi, this is a forum for Prestige Lakeside Habitat, can we restrict the discussions for this project alone and use the respective forums for other project discussions?
I’m talking about PLH only. Those red pipes are shown in the construction status pics of Lake side habitat only!
Its extreme hype about Prestige property especially PLH, there is no concrete plan for traffic entering and exiting from the premises, its very difficult to reach PLH area or go from PLH area after 10 PM without your own vehicle. It will be next PT where buyers will be fooled by promising it will PLH has unique concept and road is going to be widened. with the no of population density in PLH in case of emergency (fire/health/natural disaster) do you think with narrow road in day time it will reach to you or you will be reach to your desired location. If you want to get real feeling of PLH location just try to catch auto/bus/public transport from KR Puram with family after 10 PM.
Did prestige promise you that they will send a car to pick you up from KR Puram after 10 ?
What kind of natural disaster you are talking about ? are you expecting a 4 lane national highway from your apartment.
Traffic movement inside prestige: – Atleast it is much much better than many posh area/main roads of bangalore city. They have 2 big gates for vehicle enter and exit and wide roads…what else you expect?? Are you expecting prestige to construct wide road from PLH to your office/market/your native city 🙂
I agree, visited the site. Overpriced and isolated.. I could see few investors desperate to exit.
Agreed 100% to sri, this is not the project to look for if you were intending to buy a cheap flat from a non branded builder and namesake amenities. This project is a lifestyle project where you will be staying with a community of likeminded people and the kids will be growing up with similar profile children.
It is highly recommended that extreme price conscious or budget hunters should not be lookong at this project else we as residents end up fighting for silly issues like maintenance. I have stayed in apartments where people on ground floor would resist paying for the lift maintenance.. Beat that.
It is isolated in sense it is 7kms from itpl, 10mts frpm forum value mall and 5mts away from the really good schools..
Agree with Vinod, this project is only for people like Vinod , who can’t afford in prime localities in the city like outer ring road or CBD and can compromise on narrow road to this project, put family safety into risk travelling to that area in night, getting a low quality flat in the name of so called prestige.
Agreed Manju, i forgot that all the people staying in whitefield and sarjapur /sarjapur road and in general anyone stays outside CBD are putting their families to risk staying in those areas. We stay outside CBD and instead of travelling at night we put our families in CBD so that they are safe at night. i also forgot that all the people staying in any place outside CBD cannot “afford” homes in CBD. i also forgot to note that all roads outside CBD are very narrow and CBD has extremely wide roads. i really wish if this project is bought only by people of similar mindset as mine and not not by those with narrow minds sorry..those thinking about narrow roads. Apologies if I am being sarcastic though.
@vinod,
I think people have money but they feel this project is worthless piece of crap because of location, quality and approach road. I would recommend not to read between lines, try to understand why people are not liking this project.
It might be suitable for your need and expectation, but remember, everyone has right to express their views based on their needs and comfort levels. For ex: House expectations are different for 1) newly married couple 2) couple with kids 3) couple with kids and parents and the list goes on.
I think people don`t understand necessity. It does not matter you buy form branded or non branded at the end people want to stay happily in rest of their life.
@Vinod: It is nothing personal but you should not tell others what to buy. They will take care of themselves based up on their necessity and income.
You can`t make 1000+ minds to think like you. If you are more concern about similar mindset it would be very hard in a community where lots of appts with different people. You could have bought Independent house.
Indians mind sets are different than rest of the world. If i would ask why you don`t ask branded builders to provide basic infrastructure like road, kavery water etc rather than fighting with other people. Why u should not understand if u r paying for premium price u should get basic things from days rather than waiting for life long.
For any builder is a One project from their portfolio. As long as buyers get all the necessary things to live they will happily invest of course price matters.
If you are paying premium price get everything from day 1 rather than thinking it will come in future.
Book vola, uber or any taxi before 30 minutes you getdown from train. The International School Bangalore, The Deens Academy, Chrysalyis School, Green Wood High, etc.. are the best schools you will find in nearest vicinity and you will get good community inside the campus, what more…. be careful about legal terms and conditions that is it…..
Our problems at prestige park view (read bottom u to get full context)
In my case wall is till wet. Manjunatha outright rejected that this is problem from prestige end.
NOT sure what to do. Moreover they are hiding something from me.
On Apr 7, 2016 7:59 AM, “====================
Dear All – On top of these Issues, living conditions are extremely poor in T4, We took possession in October and property was inaugurated in February.
We moved in 5 days back and conditions are very poor, below are few issues
1. We have no flush water for last 4 days, only promises of repaired water line with no action
2. Both passenger lifts are not working, service lift is constantly being used by labour forcing us on stairs for 10 floors
3. Security is poor, several labours have tried to walk into our home in last 4 days door locks are not self locking
4. No Telephone , TV or Broadband available yet
The list goes on but Prestige has handed over tower as completed when basic requirements for living are not available . Our trust has been clearly violated
Thanks
Sent from my iPhone
On 06-Apr-2016, at 23:02,
=====================
This is our first home that we bought with our hard earned money and we regret for “adding Prestige to our life”. It’s really painful to learn through experience that Prestige PPV construction quality is worst than a C / D class builder.
Several quality issues were reported by multiple people by now itself!! Hardly few months since they started hand over of the units to customers! These are not one off cases any more as we keep hearing such quality issues repeatedly!! Construction quality is extremely poor and Prestige’s reputation is really at risk!
Seeing and hearing such issues everyday such as poor mix of cement/sand ratio, walls mostly made/plastered with mud (pictures was shared with all those marked on this email) extremely low wall quality that’s not even holding chimney, AC, curtain blinds, clothe drying lines, water leaks, poor door quality etc..(the list goes on), we decided to EXIT this project ASAP. We want to exit the project ASAP as the value of this project will start diminishing faster than any other project due to poor construction quality (it’s just matter of time for public to learn about the quality issues we are facing). Safety is a big concern and with all such quality issues repeatedly reported so far, we are no more confident to move in there.
As I mentioned in the beginning we didn’t buy this property to make money by reselling it. But we are forced to “subtract prestige from our life” and lead a peaceful life.
Hope Prestige’s top Management will accept the mistakes in the project and do come forward to correct the issues rather being very defensive every time. Hope they wont continue to build such low quality projects like PPV and also address malpractices, if any, that may happen while outsourcing project construction work to third parties, without minimum quality assurance.
Extremely regretful for becoming a Prestige customer and won’t be recommending this builder to any known person.
Thanks,
Sent from my iPad
On Apr 6, 2016, at 4:34 PM, Mahesh Vaidya forvaidya@gmail.com [Prestige_Park_View_Owners] wrote:
Serious Quality problems
I have seen a leakage on wall and it has damaged my beautifully done wall paper. Whole of prestige team was denying that it is damage due leakage. Photo attached.
I am deeply pained seeing this third grade quality. When we delay payment prestige send us interest notice, when you delay there is no compensation and plus this quality.
Moreover Rahul / Prashant / PPMS are saying that I can’t bring in my interior contractor, just because my contractor has shown me leakage.
In few days, all sales men posing as customers and fill this forum with all positive reviews and they even call mahesh as fake 🙂
but thats a good info mahesh, thanks for sharing.
Why there are red pipes hanging in lake side habitat apartments shown in the construction status pics? What are they?
Hello experts,
I am contemplating to buy a 2.5 BHK in PLH. There is a proposed CDP road goes in between the project. whats your opinion on this ? Will that make it chaotic and dusty? If the road develops, how far the project would be from ORR ?
Also, is there any litigation going on for Block 15 ? I see a lot of resale from this block ? Why are people trying to exit from this project ? I heard there is a handover charges of Rs 150 per sqft ? I sthat true ? also, pls enlighten me if there any hidden catch in this project so that I can make up my mind.
Thanks a lot in advance.
Regards
Guy don’t even think about putting your money with this 3rd class arrogant builder, they are very arrogant cheap and you will end wasting your life saving with this builder. I am an owner of Prestige Tranquility flat which is more than 2yrs delayed and the quality of construction is of cheapest quality. Not only this they have made huge changes in the actual plan for cost cutting below are list of issues we are facing in Tranquility and when you raise you concern they will reply you cannot expect a mercedies at the price of an Alto, so get it clarified before buying if this is a mercedies project or an alto project.
List of issue we have highlighted: –
Prestige Group
1. Ownership details of Prestige Tranquillity exact number of acreage in adherence to the 38 acres. (Heard its only 35 acres now)
2. Give us an updated, detailed and comprehensive drawing of all the changes done from the original plan.
3. Request Prestige to mention all unused areas and its future application / uses.
4. Clarification / Advice sort Fibre Optic cabling is it done by Prestige or its Network providers.
Prestige Tranquillity
1. Sandstone Tiles shown on all Videos, Brochures and Posters are missing on the entire driveway.
2. Fire Sprinklers running outside the corridors on all floors (gives a feeling of a warehouse)
3. Clarification sort on where and how many guest cars are going to be parked in Prestige Tranquillity.
4. Is there any car cleaning facility in the campus or facility given for the same?
5. One of the model drawings there were a cricket pitch mentioned missing on reality. (No. 12 of the Master Plan)
6. The Side designer Feature walls on two sides of the swimming pool and at the entrance missing. The position is changed from the original drawings (Request Explanation).
7. Jogging track and cycling track was visible on the model drawing. MISSING!!!!!!!!!!!! (No. 13 of the Master Plan)
8. Piped Gas for Prestige Tranquillity? Status update please………
9. Any place allocated for a Laundry facility.
10. Height of the Compound wall & its security feature.
11. The club house is an architectural sore eye with such a beautiful landscaped open space, Can we have any small makeover / any design element change for the façade / outlook of the same either as a Birdseye view or panoramic.
12. Clearly indicating / mapping by plan the water harvesting done on PT. and an awareness given to all PT owners on where the water is utilised and reused. Request the number of Bore wells available and the dry ones and its locations/positions. Indicative consumption of water per flat / Tower & its reusability ratio.
13. Sales guys promised us orally that the Chicken Feed smell would not be there at the time of occupation.
14. Gym equipment’s are few for a 2.5 K families. No Snooker table!!!!!!!.
15. Where is the Yoga terraces planned!!!!!!!!!
16. Pharmacy is a must in Tranquillity none close by!!!!!!!!
17. Request a clarification on the left facing land alongside the entrance, which was shown to us a landscaped garden is missing, clarification sort. (Palm Court Missing No.4 of the Master plan drawing)
18. Quantity of M Sand in respect to river sand and where the sand has been used in terms of construction.
19. Solid waste Compost Plan, Design, Implementation.
20. Number of Fruits and vegetable Trees and plants grown.
Apartment Specific Number
1. Kitchen & maids room replaced by the guest bedroom as shown in all drawings 1991 Square feet flats (Original plan Kitchen was at the east and Guest bedroom was in the North) in Tower 5 Kindly explain.
2. Calculation sort between Super built area and Carpet area differs drastically from flat to flat. Explanation sort area composition for common areas.
3. Request Ceiling height of the flats as described in the agreement.
4. Height of Lighting fixtures low (6.5 feet) on safety side its dangerous.
5. Can Prestige / we put railing for the balconies the entire length and height as we have kids at home on Safety Precautions.
6. Look and feel of 1991 square feet smaller than 1632 square feet can there be any respite in removing any walls partly or wholly.
7. Kitchen was open in all model apartments misses the same on the finished Apartment. This gives a feeling of claustrophobic closed small spaces.
8. Switches oddly placed where wardrobes spaces are given, L angle shaped Slab holders on the Kitchen Granite used, is turning to strain for interiors while making Kitchen cabinets. (Basic thought process missing)
9. Extra Provision missing for Mosquito mesh, Promised but where.
None of the above concern has been addressed till now.
Thanks for the long (but very informative) email. Appreciate you taking the time and sharing the info. I personally feel that Prestige has become a money making machine, with no focus on customer satisfaction. With so many projects going on (that too large ones), it is natural that quality suffers. Maybe it is also a sign of arrogance, where Prestige feels that anything (even if trash) having its logo would sell in the market. It is high time the consumers take strong action against such attitude, else the Builders would continue to laugh all the way to the bank !
If anyone is willing to sale PLH at COST PRICE I can buy it. (maximum 2 3BHK on lower floors with good vastu is what I can afford to invest)
COST PRICE = Actual agreement price + 5.5% simple interest on amounts paid to prestige for each installment (not on gross amount) . We will bear transfer charges.
I am interested in selling 2 BHK which is on 23rd floor.
Can anyone provide the latest rates at PLH and appreciation over the past one year.
Hi all please do not come to conclusions without any prior survey. Prestige Lakeside Habitat is a very good project. infact Embassy Builders have acquired 100 acres near Varthur Lake where they are coming up with IT Parks more High End this will be approx 5.5 times bigger then ITPL and goldman sachs is coming up with their main installation near Decathalon Sarjapur Road. All these factors will push up the prices. Quality of L & T plumbing work given to Sobha and Brand Name Prestige . Huge Landscaping. . Be patient and earn. I have a friend who wants to sell their 3 bhk Villa due to financial problem . kindly contact me if intd. 7676997535 or mail me prakash-kirpalani@hotmail.com
Thanks Prakash for your updates.
I was considering for 3 bhk, however after reading the reviews on facebook & mouthshut, I held back. It seems that the builder doesn’t stick to timelines in any project and doesn’t even pay compensation as promised in contract, prestige changes the layouts without informing buyers, uses cheap quality materials to save costs in fact some images came up of one of their projects tranquility and the way they are putting fire pipes its pathetic. Maybe Prestige is just good in marketing creating nice flashy images,videos and posters as all the owners in all the projects are cribbing about above mentioned issues. I have decided to stay away for the time being. will talk to few before investing in prestige
http://www.mouthshut.com/product-reviews/Prestige-Constructions-Bangalore-reviews-925104086
I have inquired rates on 30 jan 2016 and rates are 5200 + plc + floor rise. That means there is absolutely no appreciation so far. That is equivalent to 5050 for resale after transfer charges in best the case scenario.
My belief is that rates will like this until aftet January 2018. Delivery date will be north of 2020 june as per my understanding.
I bought a Prestige property in ORR for end use in Jan 2014. In 2 years, it has appreciated only by 5% YoY. . I dont worry much as I bought it for end use. Expect this slump to continue for 2-3 years at least. FD or Debt Fund seem to be the best option for now.
I am planning to sellout my 3bhk in 14th tower (2134 sft) on 20th Floor. Interested buyer please text/Whatsapp @ 8861344005
Who will buy from you at this stage when many units are available directly from builder ?? so far appreciation in this property is 300-400 rupee/sqft if you want to sell before builder’s share then you will have to offer it at cheap price and bear transfer charges…i will be interested at 4500 rate and you will pay for transfer charges. pls reply.
Not even near to possible. Keep dreaming on.
Biswa, do not compromise. Very soon, prices will shoot up to moon and beyond. You will be able to sell your unit for slightly less than 6 crores. Do not stop dreaming.
@swati, 4500 is pretty high, given the location. To understand the location well, try to reach this project using public transport, ie BMTC. Or try to get a nice meal from a restaurant near by, if any not pizza delivery. Or see how close is nearest hospital. 4500 per sft is not a small amount, do not under estimate.
Launch price of this project was totally screwed up, even their sales men are accepting it. All the brokers and customers expected the launch price to be around Rs 3,500/- but Prestige launched it close to Rs 5,000/-. Now they are struggling big time to sell. It is not possible to reduce the prices after selling few units. This will send wrong signal to the real-estate market. Anyway, there are some people who thought they can still make money even after investing @5500 psft and now they have started realizing the fact.
@Rajesh – now that is dreaming! 6 crores ! May in 20 years
Biswa,
Looks like you are in dream world and not swati … keep dreaming to sell ur unit above 5500 for next 3-4 years !!! loving the state of real estate investors !!!
Normalization happens in every investment. In equity market, it happens over a period of 5-10 years. In real estate it is 10+ years.
Investors made 20-40% returns consistently for the past 10 years. Now is the time frame where their returns will be normalized. They aren’t in bad shape even if they sell their current investments for zero profit now or even a loss which will be adjusted against the huge profits they booked in the past. Things will again change after a decade.
So there is nothing to be worried or be happy about. Its all part of life.
The above comment looks biased and from someone who is all into real estate !!
Comparing Equity with real estate is a silly thing to do .. if one buys a solid company with strong management he/she would have easily made 25-30% cagr in last 20-25 years !!!
Just go and check charts of infosys, Bajaj Finance, Relaxo, Bata, Lupin, Asian Paints, Godrej Consumer, Nestle … and compare your fancy real estate returns and your eyes will open up !!!
with so much follow up with brokers/buyers/sellers, one wastes so much time for one transaction … instead stocks are a click away unlike real estate !!
FYI – I have neither invested directly in stocks nor i have invested in real estate. I am just giving a balanced view. Wherever you invest, as long as you understand the nature of investment (risk, time frame etc), have modest expectations on the returns and be disciplined, you will be satisfied and wont worry about the ups and downs is what I am trying to say.
Why do you want to buy a property with no clear marketable title at any price at all?
Mr. I am planning to go for plh, but ur wards are really discouraging in the many earlier threads too. Can you pl. b lil mopre clear on the matter.
Don’t take my word. Show the draft agreement to a good property lawyer and you will know
Completely confused ,until u pay how wil they give the draft ?
It is your right to get a copy of the draft agreement before you pay. If you send me your email I can send it to you. But what I have is about 3 months old.PLH would have modified it.But read the agreement you will be signing first and also get legal opinion
Prestige should give you two agreements. One between the land owners and Prestige and one between Prestige and a potential buyer.
The first one will have names of all land owners(not land sellers. Prestige does not own the land). What prestige has is a development agreement where Prestige agrees to build villas for the owners or share revenue with the owners. In return, prestige gets the right to sell additional property to public. So technically, Prestige does not have a clear title , because of any of the owners go into litigation with Prestige, any agreement which Prestige has made with any buyer like you is invalid , until the litigation is settled in Prestige’s favor. This what I mean when I say Prestige does not have clear title. So to protect your self, you should have a clause in your agreement that will indemnify you against all future litigations against prestige. I did not see any such clause in the draft agreement. And if god forbid, such a litigation is made, then as per the agreement Prestige will not pay you penalty for delays. Check these points with a lawyer.
Thanks for the clarity year
Hi Sundar, what makes you say that the project does not have clear titles?I have booked an apartment after getting the documents verified. I guess you are just against the builder for some unknown reasons. It is good to have doubts but you seem to be spreading too much of negativity about the builder/project which are absolutely baseless. This is my third investment in Prestige and all till date has given me good returns from investment point of view and absolutely wonderful place to stay. Tell me which other builder in Bangalore/India would you trust? As a person buying a property, I would look for 1. is it a good investment option b. is the builder trustworthy c. track record of the builder d. development potential of the place. These are an absolute match for all the Prestige Properties and far better compared to all others.
@Sundar
You seem to be from a competitor of Prestige, your only intention seems to dissuade people from buying at PLH and diverting to some other projects for some personal benefit??
Vinod
I have nothing against prestige. I hope that my fears are unfounded and all of you end up owning fine A khatha property in PLH
I have nothing against prestge. I hope all of you who have invested get bbmp approved property with OC prior to oocupation.Without OC you will not get a kahata certificate.PLH agreement does not put this as a precondition. Many builders do. Anyways all the best with your investment in PLH
Prestige never compensated for delay in project completion.. Also the agreements are written keeping them in the safer side always.. it’s like “Heads Prestige win, Tail customer looses”.. This is across the industry, not just with Prestige. The end users needs to be more aware of these bad practices and keep away from putting their hard earned money until the agreement safe guard their interest. The more people bring these concerns and keep away, may force more transparency and accountability in this sector.
If the government makes OC compulsory for registrstion, it will go a long way in cleansing the system
Many of the investors hope resell the property.most of the prospective buyers would avail bank loan.PSU banks and other vig players lije HDFC and LIC will ask for OC, and Khatha certificate and extract among other things.If these are not available the buyer will have to indemnify the bank. Another reason why investors neef to be cautious . If one is buying to stay,then there should be no problem as prestige will ensure comfortable living
He is a broker. You can find many ads placed by him in many sites for many different properties. For example,
http://harshasagar.com/questions/resale-of-apt-in-house-of-hiranandani-devenahalli/
http://bangalore.quikr.com/For-Sale-Semi-Furnished-1-BHK-in-Nikoo-Homes-Phase-1-W0QQAdIdZ219653410
http://bangalore.quikr.com/For-Sale-Hiranandani-Upscale-Devenahalli-2-BHK-under-construction-W0QQAdIdZ219654197
i think 14tower price is 5220
Yes it is. With the floor rise of 19 floors at 15/sft my price came upto 5505/sft
Really? Is that the builder’s rate? Prestige Ferns Residency apartments are coming for resale at 5300+.
Biswas is a broker. You can find many ads placed by him in many sites for many different properties. For example,
http://harshasagar.com/questions/resale-of-apt-in-house-of-hiranandani-devenahalli/
http://bangalore.quikr.com/For-Sale-Semi-Furnished-1-BHK-in-Nikoo-Homes-Phase-1-W0QQAdIdZ219653410
http://bangalore.quikr.com/For-Sale-Hiranandani-Upscale-Devenahalli-2-BHK-under-construction-W0QQAdIdZ219654197
@Sreekumar
WoW! That’s too good @Sreekumar. It is really helpful. Thanks.
As the Bangalore reality cools down, I expect more and more “Channel partners”, Brokers, Marketing Agents to play such covert games.
Bangalore is not on the list of 98 smart cities..how does this impact real estate in the future?
@bikram
Bangalore has already proved itself to be the DUMBEST city possible.
1) Sky High Real Estate prices.
2) Worst road condition. Potholed roads everywhere.
3) No water, dependent on water mafia.
4) No electricity, minimum load-shading of 3-4 hours everyday.
5) Ever increasing Pollution
6) Waste management Crisis. Clueless govt.
7) Trash everywhere. People litter all around. (Swachh Bharat?). Bangalore coming on top of the chart as the cleanliest city is a FARCE.
8) Worst traffic in the nation.
9) High rentals and cost of living.
10) High labor cost.
11) Rampant corruption in Govt. offices.
12) Dying Lakes and encroachment thereof.
13) Overcrowd roads, malls.
14) Highest fuel prices in the nation ( and possibly among the highest in the world)
15) Unreasonable school fees and donations.
Return on investment (ROI) in making Bangalore a SMART city will be extremely low. At least Govt. is smart enough to invest the same money elsewhere.
Bangalore not listed in smart city coz state govt didn’t send nomination to GOI
@Manjushree.. I wish there was a like button in HS. Couldnt agree more with u on this…
I AM INTERESTED BTW WHAT IS ROOF HEIGHT, IS IT 8 FEET?
GK, PLH ceiling height is 10.05ft as confirmed by the engineering team.
Its only 9.3 ft clear height once flooring etc. is complete as told to me by marketing team.
Pls advice me us it good to buy 2.5Bhk @ PLH..
Hi All – Need your advise. I am looking to buy an apartment under construction in Whitefield for self-use and have short listed the following projects. Can anyone think of any other project I should consider for my search?
Brigade Lakefront,
Brigade Cosmopolis,
Divyasree ROW,
Address Makers Five Summits,
Alchemy Urban Forest,
Prestige Lakeside Habitat,
Vaswani Exquisite,
Assetz Marq,
Skylark Ithaca,
Godrej United
I think Brigade Lakefront will be a good option because of Metro. I am also planning to book their Crimson Block.
please let me know if you are interested to purchase at Brigade lakefront. contact me on 7406648445
Hi Veera,
Please let me know the cost for 2BHK at Brigade Lakefront including taxes and registration. I am looking for 2BHK in and around Whitefield-ITPL area
Regards,
Gaurav
Please share me mail id.
Do you have any idea about the Graphite Black dust/soat which gets deposited within 1 km radius of Graphite factory ???Brigade Lakefront is 0.4 km from graphite factory and the black soat is very very hazardous for health … do your research before putting hefty amount !!!
I was in same dilemma few months back and short listed Prestige Lakeside Habitat and Urban forest, but decided to go with PLH. Reasons:
1. Location – It’s closer to Sarjapur Road, ORR and not so far from ITPL as well.
2. Very beautiful landscapes and one of the best in terms of end user because of theme based and over 75% of open space
3. Construction by L&T
4. Name of Prestige will make resale easy.
Con:
1. Living room is too small
2. No separate utility area(there is a provision for washing m/c in kitchen)
Hi Rajendra, even I was contempating between Divyasree RoW and PLH then deiced to go with PLH.
Hi, Can you please advise if I should go-ahead with 3BHK in PLH as I am planning to buy soon?
Do we have all approvals from BBMP/BDA? I don’t understand when someone say I will back out if BBMP does not approve?
Can one of you help?
Thanks, Jyotin
As per my feedback on the model flat, 3bhk 1697 sq ft layout is not good, living room is too small and narrow, guest and children’s bedroom is also the same…for some reason, the balcony is huge, but not beneficial since we would live inside the apartment not outside…specs are average…with a little more budget, one can get a better and more spacious apartment elsewhere in Whitefield area…4 bhks in PLH are much better…
Ownership of property should mean that the owner had absolute , clear , marketable title. This inturn means that the owner can do whatever he wants to do with the property without having to pay anybody any fees. Buy if PLH qualifies
Also OC for the building should be available at the time of taking possession. Without this you will be at the mercy of the builder to protect your property from future demolition. Buy if PLH qualifies
I would advise you to stay away from this property. See my published comments. If you need more info, please mail me at tksrajan-at-gmail.com
I am interested in 3BHK Villa. Anyone planning to sell please reach me @ hiresenthil@gmail.com
This seems like an active forum. Any serious opinion or comments on Sterling villa grande ?
There are lot of villa projects in Whitefield and sterling is one of d good pro.. if you are still looking for villa. please share me mail id or pls contact me on 7406648445. thnks
I am looking to sale my premium, pool facing 2 bhk unit. Please contact @ nitincrown@gmail.com
Hi,
Per PLH sale agreement, is the transfer fee applicable even I resell my PLH flat after I take complete possession and register it fully in my name? Or is this applicable only before registration or formation of apartment owners’ association? Would appreciate any inputs from those with a good understanding of ‘transfer fee’ concept as referred to in PLH agreement. Thanks.
After registration u become owner of the Apt and free to sell without paying anything to builder. The “transfer fee” typically is for investors who buy property at pre launch and sell it after an year or 2 before registering property on their names. There is locking period of typically (1-2) years, where you need to hold and you cant sell even if you want to…..
Hi,
I see a transfer fee of rs.150 per sqft mentioned in PLH sale agreement. I’m looking for clarification that this fee is common across all units booked in PLH and is not negotiable. Could those of you who have already booked in PLH confirm please?
Thanks.
Hi guys,
We have recently booked a flat in PLH. Please connect me to all the possible groups if any i.e. fb(maity.subhabrata@yahoo.in) or google group(maity.subh@gmail.com). Would like to be well connected on the current happenings.
I also bought a flat quite close to PLH, where I am currently residing. So any point of time if any site update is required then can provide my inputs.
Thanks.
Please subscribe to https://groups.google.com/forum/#!forum/prestige_lakeside_habitat
Hi any expert pls advise on PLH. 77 lacs(5400/sft) base cost for 2.5 bhk is it worth the investment and also will banks accept time based schedule.Already paid booking amount.
Check Prestige Santiniketan story..it’s never a good idea to get into a project with time based schedule…If tomorrow, builder finds that they are not able to sell even 1/3rd of the project..they may themselves get into some court case and indefinitely delay the project…. where-as you will be forced to pay as per time bound payment schedule!!…wait for another 5-6 months, all such builders will start following a uniform real state code once parliament passes the bill..
Regards,
Gaurav
Not sure why people see Shantiniketan as a story :-). Just yesterday i was searching for rental 3BHKs in Whitefield for my friend who is relocating to Bangalore. The best options on multiple fronts were only available in Shantiniketan like – community, open space, space for kids, clubhouse, convenience store (and not a namesake one), overall project status and config. Investors have also made money in this project i think (tho it took time and patience). One mistake which Prestige surely did in this project was that giving the contract to only single local contractor who screwed the project from timeline perspective. But overall its still a gem in Whitefield and most probably PLH will surpass it. Its better config than Shantiniketan (Prestige learned its lesson from experience and is now more cautious and experienced) and best part is that its built by L&T. I wonder why people ignore this most important fact that its only branded by Prestige but at last the construction is from L&T – The best in industry. Did anyone see the construction progress they have made in last 1 year. Its amazingly fast fast and if they can keep this momentum they can deliver by 2018 for sure.
Whereas, i was passing by Agra Lake and saw Sterling super luxury apartments on HSR-Agra junction. Launched since last 1+ years and not even 2 floor above ground has come.
I’m not favoring any one builder or project but i struggled to find any other project in Bangalore which is getting built by best construction company (L&T/ or other) which has 80 acres of open space, 5 clubhouses etc., luxury configuration. There are hardly few like Brigade Cosmopolis which is being constructed by Shapoor Ji but again a smaller config and little congested from a configuration perspective.
Anyway your money, put it wherever you find it best in terms of return, affordability etc. but i feel if the approach road issue (Form to PLH) can be resolved this will be a Gem in the skyline of Bangalore.
Disclaimer : My relative living in Shantiniketan has already booked a 4BHK in PLH since they saw how a huge society like these can help the *only* child they had. Schools are nearby PLH and the community provides the much need social infrastructure kids needs with abundance of social and cultural activities along with readily available educations options like tuition within the campus. I would say its mostly kids friendly in a cosmopolitan city like Bangalore for single kids parents.
-Prakash
All plus points are to be appreciated. But with out legal ownership(different from just having a registered sale deed, if at all PLH will register your deed), you will be living with a Damocles Swaord above your head. By legal ownership, I mean the following
1. OC for the building available before you occupy
2. Building(s) transferred to a registered owners association of PLH
3. You are able to get a Khatha number for your apartment
My gut feeling is that all this will probably never happen or will be a long time after possession intimation is given
And in the meanwhile prey that Prestige will not breach on the development agreement with land Owners
May God Bless
Yes Sundar. Your points are valid. But that holds good for all builders and apartments. Right? Anyway, i too have been searching for a apartment in Bangalore for last 2+ years who is like a spotless moon 🙂 (pun intended). No builder i really mean no builder (be it Prestige, Shobha, Brigade, Mantri or anyone else) is spotless. So i feel i have two options (actually forced on me kind of). 1. Build your own house. Yes, i can do that but i cannot create a society with amenities which my family now demands. 2. Second option is to choose the best among worst.
I feel we are doing that only just that we keep ourself happy thinking we have chosen the best apartment/builder etc. etc.
God Bless!! I too wish this Real Estate lobby ends some day and there is more transparency. But i think its not alone the builders but political class which holds the key. Builders are businessmen and may change if there is political will of streamlining the real estate process be it Khatha, Sale Deeds (which are one sided right now), Under the table payments to get registration done or property papers cleared.
Hoping for good times and one day this may become a reality!!
Try Rohan jharoka at yemlur or the new Rohan Iksha
I bought a flat in Rohan Jharoka with OC and A Khatha
Honest builders do exist. You will will find them if you research carefully
Check Rohan Jharoka Phase 1. This building has OC and I just bought a flat with A Khatha. There are honest builders if you care to look for them.
I hope BBPM makes OC compulsory for registration like it has been done in Andhra Pradesh(I am told). In one stroke they can fix this problem.
Incidentally the agreement I saw of PLHdoesn’t even talk about registration, let alone giving OC.
I have very serious reservations about this project. As of now people in Bangalore are just not aware of the seriousness and transactions are happening all around for all kinds of illegal properties.
The moment (it will come, trust me) BBMP starts targeting OC less flats, all these buyers will start running helter-skelter , entirely at the mercy of the builder
Agree with sundar..Most of the properties in the bangalore are FAKE..so be careful.
Recently prestiges old project got into trouble and mostly the govt might take it back
Hi. Can you please let me know which prestige project got into trouble and is at the risk of being taken back?
Also,
What exactly is the issue with PLH? Can someone explain to me in layman language.
@sonal
>>>>Can you please let me know which prestige project got into trouble
Answer: Prestige White Meadows Project
Probably you missed this big news:
http://economictimes.indiatimes.com/industry/services/property-/-cstruction/karnataka-government-rejects-prestige-estate-projects-claims-over-3-23-acre-whitefield-plot/articleshow/48522938.cms
http://www.bangaloremirror.com/bangalore/others/Rs-1000-cr-land-taken-back-from-builder-by-govt/articleshow/47422044.cms
you need to be careful before u venture into real estate. hold on for few years for change
Rohan Jharoka?? what is the ceiling height? I had heard that the builder had planned 9 floors and the approval was limited to 6 but they went on to cramp 9 floors in the approved height of 6?? the guys staying there cannot even raise their hand in the apartment for the fear of touching the ceiling fans??
Yes, that is partly true. I think the ceiling height is around 8ft. If you are a tall person (5ft10 or above) and if you stretch you may touch the ceiling fan :-). Also, I heard that maintenance is now increased due to tanker water. Apart from that its fine.
PHL, who said the ceiling height is 8ft ? did you saw the modal flat ?
The main door was huge, when I saw the modal flat 5 months back.
Hi Ashutosh, Rakesh was mentioning about Rohan not PLH on the ceiling hieght. PLH ceiling height seems to be pretty good.
Sales team sells the same story in every project. To sell Tranquility the story was we have learnings from Shantiniketan and this will be a landmark. to sell PLH they are again blaming other projects and saying we have learnings from them and again this will be a landmark
http://profit.ndtv.com/news/economy/article-property-prices-must-fall-raghuram-rajan-tells-developers-1209119?utm_source=ndtv&utm_medium=top-stories-widget&utm_campaign=story-10-http%3a%2f%2fprofit.ndtv.com%2fnews%2feconomy%2farticle-property-prices-must-fall-raghuram-rajan-tells-developers-1209119
No room to reduce housing prices: CREDAI
http://timesofindia.indiatimes.com/business/india-business/No-room-to-reduce-housing-prices-CREDAI/articleshow/48583971.cms
This is ludicrous. Builders are effectively telling Raghuram Rajan that his comments about real estate pricing are mere farce. Rajan need to understand that in India we have parallel-economies mostly fueled by black-money and not necessarily by bank credits. So, “rate-cuts” by RBI is ineffective.
Builders use RBI “rate-cuts” just for thier marketing blitzkrieg to lure hardworking, sincere, tax-paying population.
Will the real estate bubble burst due to falling sales & rising inventories?
http://economictimes.indiatimes.com/wealth/real-estate/realty-trends/will-the-real-estate-bubble-burst-due-to-falling-sales-rising-inventories/articleshow/48610511.cms
No. Not yet. Though stock market is witnessing a massive rout, reality, nonetheless, will sustain for a long long time.
I am interested in buying 3BHK. As Prestige takes payment based on time and not on construction/slab based, do you think that they will pay delay penalty @ 9% what they are promising in case of any delays. No builder has paid the same in Bangalore so far. Any idea if they had similar clause in case of Shantiniketan and did they honour it? Is it still a good buy? What should be the rate around possession?
I am invested with Prestige Sunnyside and this is my experience with the builder: The delivery was supposed to happen in DEC 2014.
Until 2014, the builder kept making false promises, saying the project is on time and kept asking for payment. By mid 2014 we had paid 70% of the flat cost, then they started saying, we will utilize the grace period of six months of contract, and so we are liable to make timely payments as per contract and non payment would add to further delay.
By DEC 2014 we have made over 80% and they have been moving from MAR to JUN to AUG to DEC 2015 in every updates.
We as owners discussed on forums and have demanded for compensation for delay. Prestige has straight forward denied the compensation for delay, and said its caused due to external factors beyond their control and they are not liable to pay for the delay as per contract. The example given by them is lorry strike, rise the prices of materials, non availability of sand due to banning, laborers forced to leave Bangalore during last election, blah, blah, which are totally irrelevant.
I wonder how their other commercials projects were not affected due to these factors, while this project has been delayed by 1 year.
Hope this clarifies your question.
Few questions for you:
> Why did you sign the sale and construction agreement when you know that the payment is time linked??
> Even with respect to penalty, the agreement is clearly one sided. Why didnt you object to it then and walk out at that point of time??
> In case of commercial projects, the other party would be an equally strong and will have a strong legal team which would have reviewed the agreement and made sure that its neutral. Prestige would have also charged a bomb to construct it on time and would have stuck to the dates otherwise they would have ended up paying huge penalty to the other party as per the agreement.
Unfortunately every company has only one-sided agreement and its worth taking the legal route if the money that the owners/buyers can collectively spent for legal charges is less than the penalty that they will receive if the judgement is in their favour.
I see complaints like Assetz East Point not using the same brand of items that they show in their model flat, Ntesh Cape Cod running late by at least 2 years. Considering that its actually only 6 months of delay for PSS (if you include the grace period). Again, all builders including prestige is divert the money they collect on one project to the next project. Now with the real estate industry in bad shape, they might be finding it difficult to sell other new projects which would have slowed down the fund coming to this project. Only when real estate bill becomes a law, such practices will be under control and most builders will deliver it on time or with little delay.
Agree with kayarr here .
Tiwari ,
Why don’t you simply sell off and exit the project ? You should be definitely worried if you are an end user , but you were saying you are an investor .
Why are you desperate to own a home in bangalore..hold on to your investments till there is clarity on RE..
I also have a 2BHK flat for Sale in Tower 7 if interested please email me on ashikhan@email.com
Shridhar, check the agreement clause and you would find multiple situations where builder would not be responsible for any delay. Current real estate “standard agreement document” are designed to ensure that builder are not effected in case of any delays
Check -Force Majeure definition in your agreement which even includes the material unavailability and Court cases…
From my observation of the 1697 Sq ft 3 bhk,the layout is not good..living room is very small, not a very good corridor to the bedrooms, entrance to the guest bedroom from the living room is not correctly placed…overall, for the high price,specs are average…if you can afford it, my recommendation would be to go for a 4 bhk…
@bikram, yes I booked in 1697.
living room has lot of furniture in modal apt, thats make the difference. Entrance is for passing by, so they saved some space over there. looks above average, as I compare with other top builders.
no doubt 4bhk is awesome then rather go for a individual house than a apt 😉
Recently there are lot if issues related to construction on the lake bed.Is the property fully clear of that?What are your thoughts?
You will come to know about this only after 30 years.
What’s the current price?
Harsha – What do you recommend is the property all clean in terms of land acquisitions -PLH
Please share your views.
Regards,
Dheeraj
Avoid this property. Developer’s title to sell is suspect and contingent upon executing development agreement with land owners.The draft agreement is loaded on builders side with no virtually no protection for the invested Get the draft agreement vetted by a lawyer before investment
Hi,
Can you provide more details,as the owners association thinks otherwise.
Can you please send the link to the Draft agreement if you have.
Thanks,
Dheeraj
PLH should give you the copy of the agreement(development agreement and draft sale agreement) if you ask. I am not sure if the folks who are part of the owners association have actually read the agreement closely. For example, please read sections related to posession. For example read section 5(b). It says prestige will not responsible for any delay of all sorts of reasons, efectively nullifying the penalty clause. THis clause should contain a rider that will protect the invester, if the non-completion is due to an order from a court or other public and competent authority because of non-compliance of statutory rules and regulations that existed at the time of executing the agreement or a court order/injunction/stay etc for infringing upon or otherwise violating any legal provision with respect to acquisition of land or development rights from the original owners of the land on which the project is sought to be constructed. Also no availabilty of raw material, price rise etc can not be cited as reason for delay.In such a case the purchaser shall have the right to terminate the agreement and the builder shall be refund the entire amount paid by the purchaser with 15% interest per annum.
5 (e). By ready for occupation, it should be accompanied by copy of occupation certificate for the building . Without OC it is illegal to ocuupy and you will never get A Khatha without OC. Prestige may be able to get all this despite deviation, bit unless documented in the agreement, invester is at risk.
Section 12 on resale. The invester has limited choices here
The developmemt agreement with the landowners has various arrangements. To some the deal is revenue sharing. With some others it is providing properties of certain area. Any of these owners can sue the developer in a court which can case stoppage/delay. Invester should be indemified against all future litigations between builder and any third party.
Prestige is a repoted A grade builder adn all of the above concerns may be unfoudned. But if the builder is above board, he should be able draft an agreement that is fair for both parties. When I asked on the above points, I was told that agreement can not be modified(while there is a clause in the agreement that we can add/delete clauses).
All the best
with corrections…
? PLH should give you the copy of the agreement(development agreement and draft sale agreement) if you ask. I am not sure if the folks who are part of the owners association have actually read the agreement closely. For example, please read sections related to possession. For example read section
? 5(b). It says prestige will not responsible for any delay for all sorts of reasons, effectively nullifying the penalty clause. This clause should contain a rider that will protect the investor, such as if the non-completion is due to an order from a court or other public and competent authority because of non-compliance of statutory rules and regulations that existed at the time of executing the agreement or a court order/injunction/stay etc for infringing upon or otherwise violating any legal provision with respect to acquisition of land or development rights from the original owners of the land on which the project is sought to be constructed. Also non availability of raw material, price rise etc can not be cited as reason for delay. In such a case the purchaser shall have the right to terminate the agreement and the builder shall be refunded the entire amount paid by the purchaser with 15% interest per annum.
5 (e). By ready for occupation, it should be accompanied by copy of occupation certificate for the building . Without OC it is illegal to occupy and you will never get A Khatha without OC. Prestige may be able to get all this despite deviation, bit unless documented in the agreement, investor is at risk.
Section 12 on resale. The investor has limited choices here
The development agreement with the landowners has various arrangements. To some the deal is revenue sharing. With some others it is providing properties of certain area. Any of these owners can sue the developer in a court which can case stoppage/delay. Investor should be indemnified against all future litigations between builder and any third party.
Prestige is a reported A grade builder and all of the above concerns may be unfounded. But if the builder is above board, he should be able draft an agreement that is fair for both parties. When I asked on the above points, I was told that agreement can not be modified (while there is a clause in the agreement that we can add/delete clauses).
All the best
@Sundar,
5(c) and 5(e) are entirely different in my aggrement letter recieved from Prestige.
– ashutosh
That is good. At a minimum please ensure that the agreement mentions that OC will be issued at the time of notification of completion/occupation. Without OC, your occupation will be illegal and at the mercy of prestige
Guys – Is it still a good option to buy home here in current price (5040 Rs/Sqft) ? Is there any other upcoming project near Whitefield-Sarjapur ? Please let me know.
Swapnil – There is new project off(300 meter from) Sarjapur Road near ORR Junction near Total Mall from A Grade builder. Prelaunch rate is 5550/- . If interested – please reach out to me.
I visited the site this Monday and was presently surprised by the speed of construction. Its a large project and this is just a start and the momentum needs to be kept like this for next 3-4 years but happy with at least with the progress Prestige have done till now.
I think the turning point for this project was getting L&T on board for execution. It clearly shows what a good contractor can do vs. a local one. Prestige did a mistake during Shantiniketan and took the wrath of customers. This time they priced the project slightly higher but delivering on their quality and time promise – though again this is too early and just a start.
I saw all towers being worked upon instead of just one or two. Villas are also coming up..
Overall, happy till now and hoping the BBMP approval comes as well to rest any left over concerns we have.
Anyone else visited the site? Also read that the road of Varthur-Gnjur have been approved by Govt. for widening and accounted for in 2015 budget. Is this true?
-Rakesh
Like in mutual funds , so also in real estate ‘past performance is not indicative of future performance’ So read the offer documents carefully before investing. At least make sure that your deed will be registered and you have it in writing that you will get OC at the time of taking possession. Also if you are an investor, you might be surprised that you can not sell the property at anyone even after you have paid 100% to the builder
Looks like after a long wait, there are some good news finally –
– BBMP approval is done – BBMP/Addl.Dir/JD North/LP/0254/2014-15 (official letter would come by Apr 15).
– Whitefield-Varthur-Sarjapur Road to be widened to 45mts – approved in the karnataka union budget.
– Union govt puts it weight behind PRR.
And yes, construction is in full swing, probably ahead of time, which is a good thing. Early days still, but the positive vibe is coming back..
Have been following up varthur wide widening for few years since I have got a plot near sarjapur. There were quite few proposals already to widen the road but I don’t think this road will be widen near future since compensation is high and many varthur residents are staying there for more many many years. Spoke to few locals as well to finally realize
it wont be easy for Govt to widen the road. I don’t think it is wise to invest any areas beyond varthur considering the huge jam in this road.
Hi All,
I visited this site last weekend and interested in this project mostly for end-use. The prime concerns for me are
1) the narrow varthur road is a big bottleneck, although they said ovt is planning to widen it to 4 lanes. its a major concern
2) They have not yet received the BBMP approval for the project
3) Given the large scale of the project , am aspecting the maintenance to be pretty high too.
The folks there didnt look to keen on selling the properties right now and i had to push for more details. They said they are waiting for the BBMP approval after which there will be price revision
Please share your concerns/reviews from an enduser perspective
Thanks
I was not aware that building plans are not yet approved. Thanks for bringing this up.I am thinking of booking from investment perspective. I was told that the project will be maintained by Prestige for life and maintenance after paying one time maintenance and sinking fund would be around Rs.2/= per sq ft, which is quite reasonable. If one is buying this fact should be included in the agreement and that any increase in maintenance will be after approval from majority of owners.Also, i am not sure if resale would involve payment to prestige(transfer fee?).This needs clarification. They are promising piped gas, but this fact is not mentioned in the brochure. Have anybody verified the title deeds? Is the land deed registered in the name of Prestige? Else the title will not be clear and marketble
They are yet to receive BBMP approval. I have paid 20% amount but not yet signed the agreement and will only after BBMP approval comes. Most of the owners are doing same. So before buying any unit consider this point also. I’ll pull out of the project if approval doesn’t come by end of march.
Hi Harsha, all.. How long would we have bookings open for these type of developments. I dont live in India so it is taking some time for me to decide, shortlist etc. I am just wondering how long availability normally lasts a year or two into the launch.
PLH is approved by SBI for loan processing.
Hi Ram ..
Are you sure if PLH is approved by SBI ?
By any chance do you know any contact person whom i can contact for the loan processing ..
regards
Souravs
Hi Sourav,
Please reach Hanumant @ 9448993271.
PLH is not approved by any nationalized bank. Which branch of SBI approved the project, can you please share the details?
The title is not clear and their right to sell in the open market is contingent upon their delivering the properties to the owner in the original agreement with the owners. Unless you have an indemnity clause in your agreement, you could be in for some nasty surprises in future
Hi,
I’ve sent the request on FB to join the group, please add me in as well.
Best regards,
Prithvi
Not sure if the FB group is active. Please join the google group at https://groups.google.com/forum/#!forum/prestige_lakeside_habitat
Hello,
I send my request to FB and google. group. please approve the same. thanks
my unit: 1091
thanks
I am looking to sale my 2bhk (Premium View – Pool Facing). Please email @ nitincrown@gmail.com
Isn’t it too early to sell? You should wait more to reap the benefits of appreciation.
Find out:
Why prices are not coming down even when sales are down by as much as 43%?
What role Banks play in keeping the prices artificially high, and What do they gain out of it?
And, finally, what’s the kind of response you can expect from retail investors as the RE market slides downhill?
Read my latest write-up here:
http://harshasagar.com/2011/06/09/prestige-tranquility/comment-page-5/#comment-31095
I have book apartment in PLH, tower 16. Do we have any community where we can share update like whatsapp group or email group or facebook close group etc. Also advice if you guys have signed agreement or not. I am getting my agreement in a weeks time.
There is already a buyers google group with a lot of members(owners only) on it.
> https://groups.google.com/forum/#!forum/prestige_lakeside_habitat
> Also additional project details can be found here – http://goo.gl/b2Vltn
I have requested to add me in the group. I hope admin will respond.
Do u know who is the owner of the group. I have sent request to join but no approval received till date.. Not sure if the group is active.
Please add me to this group
iamsananth@gmail.com
unit number: 1091
thanks
I am planning to buying an apartment in outer ring road or sarjapur area. Heard about PLH. can someone tell me whats the current base rate going on? how far is it from outer ring road.
@jaya : if you go from marathahalli/varthur road side, it take about 1.5 – 2 hours during peak times to reach PLH from ORR !
Current base price is 5040.
I have started this closed facebook group for all buyers as the google group is not responding. Please send me request with your unit number and date of booking.
https://www.facebook.com/groups/1519312918326488/
Hi Alok ,,
I had purchased at Tower 16 at PLH ..
regards
Souravs
Booked 16126
Please find the below link for Investor / Resale stock
http://harshasagar.com/resale-flats-in-bangalore/
Is there any google group for PLH buyers
Buyers Group:: https://groups.google.com/forum/#!forum/prestige_lakeside_habitat
The Builder has started sending the agreement set to buyers. However the BBMP approval hasn’t come through yet.
Is it common to start the agreements before the BBMP approvals come through? I’m personally very hesitant to sign the agreements.
Buyer Group & Additional Information .
Did anyone visit the site recently? Seems like the construction by L&T has started in full swing. Decent progress has been made in last 6 months.
I think the best thing Prestige did was to rope in L&T for this mammoth project. I feel confident that there is a good chance that PLH will be ready for possession in next 5 years now. Worth the wait for what it will come and assured quality from L&T and Prestige.
Disclaimer: just sharing my silly enthusiasm. Don’t go by my words and book wherever you want whichever project you want (just mentioned before people start blasting me as a Prestige agent 🙂 )
Yup, visited the site a week ago. The contruction has been in full swing for a while now. See photos – http://goo.gl/4i9TNH
this is good… nice work by L&T and Prestige…hope they keep the momentum going with the same pace and make this project a landmark in Prestige’s history to deliver on-time as committed in 5 years..
What is the going price/sft in PLH?
Its 2950/sq.ft at the moment (since April 23rd.). See details here – http://goo.gl/AlmRmM
I meant 4950/sq.ft
Do you think the place justifies the price. According to me, its crazy that people wasting their hard owned money in a losing business. Look outside PLH, its chaos. Is this the cost of keeping you shielded from outside world. Think about it, you have only one approach road to the outside world and it will never be enough once you have full occupancy in your and all neighboring projects. You will be stuck in the traffic for the rest of the time you stay there. So, by all means, you are paying such high price for miserable life. In reality, as it happens in other developing or developed countries, the corporation releases sites for builders to make apartment in a designated place which has 4 way access through wide roads (to channel the inflow/outflow). Its all about planning. And you pay for this price, not for getting stuck in traffic. Look out, so that ou dont end up being a frog in the well. I am sorry to see once beautiful Bangalore getting transformed into a chaos.
I have booked property in PLH. I would like to know if anybody has availed home loan from SBI. As per prestige people, property is yet not approved by SBI.
Can you please let me know in which block you had booked the apt.
I have booked in 7092. have anyone processed your agreement?.
Got the allocation letter along with 20%-booking amount+2 installment demand note…read somewhere on the forum that agreement hasn’t started pending some approval..
What is current rate in PLH?
Hi , I happen to visit lake side habitat as well as sterling the joy on the banks today. sterling joy on the banks seems to be a good option..it has got only 320 units in 11 acres and is much more nearer to forum value mall…the completion is also with in 3 years….They are quoting 5400 per sft ( which includes car park ) so over all it works out to 5100 per sft.
Guys check it if you are looking luxury…
Hi ,
PLH villas are very expensive and out of reach for my budget. Do you have any recommendations for sites/plots in gates communities around whitefield and in the south (around Kanakapura) ,ECity) and the approx rates? I am leaning towards this option than a villa as it gives us ability to customize the home, but I understand it is not easy sites in decently developed/developing areas for a reasonable price.I am willing to pay 3-4K per sq
i think campan valley is been advertising big time.. looks like they are ok though did not visit the project
If u r still looking golden serenity is a good option as you can build your own home. It is on sarjapur rd and 65 acres project by golden gate properties. Ggproperties.com. I think it is 3250 per sqft. Please check on it.
Hi I want to buy a 2 bhk .which is better option prestige lakeside habitat or assert markz.?
I have book 2bhk in prestige, though its almost same price compare to assetz. I have seen the site and the plan. Looked better option to me
Also, can you tell me how the price is same. As far as I am aware, MARQ base price is 4200 and PLH is 4770
When i calculated the total price it came 70 lacs for assetz and for prestige it came also the same including registration, VAT, Taxes, etc
The price was for 2 hk 1234 sqft
Assetz MARQ is a much better option primarily because of its location. Also, it has 5 acres of commercial space+school hence better chances of appreciation.
Did anyone got any info if the construction has started on site? Agreements have still not been signed. I heard that they have started with Infra development like Roads etc. and even model villas. Any idea about apartment progress?
Somesh
Yes, construction some time ago. The photos are here http://goo.gl/4i9TNH
has BBMP approval obtained .. the sales guys was telling there is plan for road widening ? can some body confirm
What happened to the lake concept at Lakeside Habitat ? Are they still trying with BBMP about the banyan trees in the govt land in the middle (near 18 – tennis court) which they had planned for a lake/water body….Varthur lake view for a few from 20+ floors cannot be considered lakeside.
Got an update from Prestige..confirming the contract have been given to L&T and Agreement will be signed by June-July.
Construction has already started.