Here comes the opportunity of owning a house of Prestige Group in the most desired area of East Bangalore. Prestige Smart City is a residential project by Prestige Group. The project sprawled across a vast land area, situated in Sarjapur road of East Bangalore. This residential project consists of 2 and 3 bedroom residences along with 4 bed-roomed penthouses with private gardens.
This residential development is spread across a vast land area with abundant greenery making it a better dwelling place. Prestige Smart City is offered with most lavishing amenities to lead a peaceful life. Prestige Smart City allows the residents to have the best specification and configuration of the residential units.
Prestige Groups has firmly established itself as one of the leading and most successful developers of real estate in India by setting its own standards. Prestige Group was found in the year 1986, has a list of completed projects numbering 210, with 53 ongoing projects and 35 upcoming projects. Prestige Group are the only developers in South India to have a wide diverse portfolio covering residential, commercial, retail, leisure and hospitality segments. With 205 landmark developments across the city, the company has its projects all across south India which includes Chennai, Kochi, Hyderabad, Mangalore, Mysore and Goa. Prestige Tranquility, Prestige Misty Waters, Prestige Ferns Residency, Prestige Silver Oak, Prestige Royal Woods are some of the completed residential projects by Prestige Groups.
Prestige Group is one of the trusted name in the real estate sector in terms of commitment and in- time delivery. The quality will not be compromised, with assurance of providing optimum value for the client’s money whether it is a commercial property or a residential development. The latest technologies are adapted for development of safer, in-time and reliable construction. Lending the best buy opportunity to its residents.
Specifications of the project delivered by Prestige Group are of best standards. RCC structures with precast technologies for a faster and safer delivery, ceramic vitrified tiles are used for flooring purpose. Premium exterior emulsion paints will be used for the painting the walls. Security being the prime important aspect, the security cabins at all entrances and exits will have peripheral CCTV coverage, with Door Video Phone and Intercom facility for all the apartments. Rain water harvesting, sewage water treatment, organic waste converter, water recycling are some the green measures by the developers.
Amenities are the basics of the project some of the amenities that might be provided in the project are swimming pool, Club House, multipurpose hall, landscaped gardens, Kids play area, gymnasium, Health club and spa.
Prestige Smart City from Majestic via Sarjapur main road. From majestic, head south to continue onto Gubbi Thotadappa road. Make a U-turn at tank bund road, at Sangolli Rayanna circle take the 2nd exit onto Seshadri road. At Kreishanrajendra circle take the third exit onto Nrupathunga road, at corporation circle take the first exit onto Kasturba road. Now turn right towards Devanga Samaja road, continue to move on. Turn left at HCG Cancer Hospital, tower 4 on Kalinga Rao road. From here continue straight onto Mission road, stay left on mission road. Turn left onto Langford road later turn right at CMP junction onto Hosur road, continue straight on Hosur road. Now turn left onto Sarjapur main road, continue to NH44. From NH44 move slightly right onto Ambalipura-Sarjapura road or Sarjapura main road. Turn left onto V. Kallahalli main road continue to move to find the destination on right.
|Unit Type||Sq/Ft||Price (Approximate)|
Over the last decade, the Prestige Group has firmly established itself as one of the leading and most successful developers of real estate in India by imprinting its indelible mark across all asset classes. Founded in 1986, the group’s turnover is today in excess of Rs 3518 Cr (for FY 15); a leap that has been inspired by CMD Irfan Razack and marshaled by his brothers Rezwan Razack and Noaman Razack. Having completed 210 projects covering over 80 million sq ft, currently the company has 53 ongoing projects spanning 54 million sq ft and 35 upcoming projects aggregating to 48 million sq ft of world-class real estate space across asset classes. In October 2010, the Prestige Group also successfully entered the Capital Market with an Initial Public Offering of Rs 1200 cr.
Presently with 205 milestone improvements over the city, the organization has stretched out its mastery to significant urban areas crosswise over South India including Chennai, Hyderabad, Kochi, Mysore, Mangalore and Goa. Giving every city an unmatched involvement with milestone shopping centers on the lines of 'The Forum', huge townships, tech parks, inns, extravagance estates, and SEZs. The organization as of now has a few effective finished and continuous tasks in Chennai amazingly, crossing the business and retail sections. Prestige Cyber Towers, Prestige Polygon and Prestige Palladium are three finished business improvements, which have gotten a staggering reaction. The Forum Vijaya Mall, Chennai's biggest shopping center was divulged in 2013. The Prestige Group propelled Chennai's first township venture – a Rs. 1,000 crore improvement in organization with the Rattha Group in 2012. They additionally propelled Prestige Silver Springs – the first-of-its-sort extravagance manors in the city in 2013.
The Prestige Group is the main designer from Bangalore to get the presumed FIABCI grant for their product and private offices. At the Asian Brand Conclave this year, Prestige Group was granted the "Appreciated Brand of Asia" in the class of Real Estate, while Mr. Irfan Razack was picked as the "Respected Leader of Asia 2014-15". Among different trees, the organization's Investor Relationship (IR) Program was positioned as Second Best in Asia and the Best in India by the Institutional Investor (II) magazine's 2014 All-Asia Executive Team Rankings.
Prestige is the main CRISIL DA1 appraised Developer in India and was as of late granted the budgetary rating of A by ICRA. They have likewise won a plenty of global and national honors in the course of the most recent couple of years, crosswise over classes, including the Asia Pacific Property Awards, Asia Pacific Hotel Awards, Cityscape Awards, Indian Realty Awards, Srishti Good Green Governance Awards, Pevonia Asia Spa Awards, Builder's Association of India (BAI) and Confederation of Real Estate Developers – Associations of India (CREDAI) Awards
Published On : 18 / Oct / 2019 | By : Nadeem
Get those rainy day funds in order — you're going to need them.
You’re excited because you just found the perfect home. The neighborhood is great, the house is charming and the price is right.
But the asking price is just the beginning. Be prepared for additional — and often unexpected — home-buying costs that can catch buyers unaware and quickly leave you underwater on your new home.
For almost every person who buys a home, the spending doesn’t stop with the down payment. Homeowners insurance and closing costs, like appraisal and lender fees, are typically easy to plan for because they’re lumped into the home-buying process, but most costs beyond those vary.
The previous owners of your home are the biggest factor affecting your move-in costs. If they take the refrigerator when they move out, you’ll have to buy one to replace it. The same goes for any large appliance.
And while these may seem like a small purchase compared to buying a home, appliances quickly add up — especially if you just spent most of your cash on a down payment.
You’ll also be on the hook for any immediate improvements the home needs, unless you negotiate them as part of your home purchase agreement.
Unfortunately, these costs are the least hidden of those you may encounter.
When purchasing a home, definitely hire a home inspector (this costs money too!) to ensure the home isn’t going to collapse the next time it rains. Inspectors look for bad electrical wiring, weak foundations, wood rot and other hidden problems you may not find on your own.
Worse still, these problems are rarely covered by home insurance. If an inspector discovers a serious problem, you’ll then have to decide if you still want to purchase the home. Either way, you’ll be out the cost of hiring the inspector.
Another cost is your own comfort. There are a number of smaller considerations you may not think about until after you move in.
Are you used to having cable? If so, is your new home wired for cable? It’s much harder to watch a technician crawling around punching holes in your walls when you own those walls.
And if you’re moving from the world of renting to the world of homeownership, you’ll probably be faced with much higher utility bills. Further, you could find yourself paying for utilities once covered by a landlord, like water and garbage pickup.
The best way to prepare for the unknown and unexpected is through research and planning. This starts with budgeting before house hunting and throughout your search.
Look at homes in your budget that need improvements, and then research how much those improvements could cost. Nothing is worse than buying a home thinking you can fix the yard for a few hundred dollars and then realizing it will cost thousands.
There’s really no limit to how prepared you can be. Say you find a nice home that’s priced lower than others in the area because of its age. You may save money on the list price, but with an older house, you could be slapped with a much higher home insurance payment, making the house more expensive in the long run.
This is where preparation comes in. Research home insurance and property prices in the areas you’re considering to make more educated decisions before you ever make that first offer.
Clearly define how much you intend to put toward your down payment, and then look at how much cash that leaves for improvements and minor costs, like changing the locks. That way, when you find a house at the high end of your range, you’ll know to walk away if it requires a new washer and dryer or HVAC system upgrade.
Establish a rough estimate for as many costs as you can think of, and be extremely critical of homes at the top of your budget — otherwise, you could easily end up being house-poor.
Know your budget and plan ahead. Buying a home is a lot less scary when you know what you’re getting into.
Published On : 18 / Oct / 2019 | By : Nadeem
Do you need one? Do they pocket the whole commission? Let’s set the facts straight.
Buyers and sellers often enter the market with misconceptions about real estate agents — how they work, how the process works and what the agency relationship is all about.
It’s helpful to point out, without getting too far into the weeds, that in any one real estate transaction, there are most likely two agents: one for the buyer and one for the seller.
Here are five myths (and five truths) about working with both buyer’s and seller’s agents.
Most people assume that their agent is pocketing the entire commission. That would be nice, but it’s just not accurate.
First, it’s helpful to know that the seller pays the commission, and they split it four ways: between the two brokerages and the two agents.
Finally, the brokerage commission isn’t fixed or set in stone, and sellers can sometimes negotiate it.
If you’re a seller, you sign a contract with the real estate agent and their brokerage. That contract includes a term — typically six months to a year. Once you sign the agreement, you could, in fact, be stuck with their agent through the term. But that’s not always the case.
If things aren’t working out, it’s possible to ask the agent or the brokerage manager to release you from the agreement early.
Buyers are rarely under a contract. In fact, buyer’s agents work for free until their clients find a home. It can be as quick as a month, or it can take up to a year or more. And sometimes a buyer never purchases a house, and the agent doesn’t get paid.
Before jumping into an agent’s car and asking them to play tour guide, consider a sit-down consultation or a call, and read their online reviews to see if they’re the right fit.
Otherwise, start slow, and if you don’t feel comfortable, let them know early on — it’s more difficult to break up with your agent if too much time passes.
Today’s buyers get most things on demand, from food to a ride to the airport. When it comes to real estate, buyers now assume they need only their smartphone to purchase a home, since most property listings live online.
First-time buyers or buyers new to an area don’t know what they don’t know, and they need an advocate.
The listing agent represents the seller’s interests and has a fiduciary responsibility to negotiate the best price and terms for the seller. So working directly with the selling agent presents a conflict of interest in favor of the seller.
An excellent buyer’s agent lives and breathes their local market. They’ve likely been inside and know the history of dozens of homes nearby. They’re connected to the community, and they know the best inspectors, lenders, architects and attorneys.
They’ve facilitated many transactions, which means they know all the red flags and can tell you when to run away from (or toward) a home.
Many people think that all agents are created equal.
A great local agent can make an incredible difference, so never settle. The right agent can save you time and money, keep you out of trouble and protect you.
Consider an agent who has lived and worked in the same town for around ten years. They know the streets like the back of their hand. They have deep relationships with the other local agents. They have the inside track on upcoming deals and past transactions that can’t be explained by looking at data online.
Compare that agent to one who’s visiting an area for the first time. Some agents aren’t forthright and might be more interested in making a sale. Many others care more about building a long-term relationship with you, because their business is based off referrals.
In a previous generation, sellers who wouldn’t deal with any agents tried to sell their home directly to a buyer to save the commission.
Smart sellers understand that real estate is complicated and that most buyers have separate representation. And many FSBO sellers will offer payment to a buyer’s agent as an incentive to bring their buyer clients to the home.
If you see a FSBO home on the market, don’t be afraid to ask your agent to step in. Most of the time the seller will compensate them, and you can benefit from their knowledge and experience.
Published On : 11 / Nov / 2019 | By : Nadeem
Affordable Housing in Bangalore is matter of utmost importance to the Builders in the coming days as there are numerous migrants from different states coming down to the City for making their living. This is creating a lot of demand for affordable housing in the real estate sector.
All the Tier-A builders in the market these days themselves are focused on building top-notch houses that even the middle-class people can consider purchasing! Although, it isn’t an easy task to give all the luxury features in a budgeted condo. The builders have taken it upon themselves as a challenge to accomplish it!
There are new people coming into Bangalore every day and after working for just a year look forward to buying an apartment for their own safe heaven. These days everybody once have a good cash saving prefer to go ahead and make an investment in the real estate field. Now, this is becoming possible even for the Middle-class families whose incomes are extremely reasonable.
Let’s consider an example. Mr. Arnab has an income of 60,000/- a month and lives with his parents and wife and also a Kid. He has been working for about 6 years now and has never made an investment in Real estate before. But is thinking about it now as he has a good cash saving and has to give a safe and secure environment to his family! So, he having a budget of 60 lacs starts his hunt for buying a house! He finally comes across a property called Brigade El dorado. Where. A 3BHK costs him about 45 lacs that is without calculating the registration costs and 5%GST! He then approaches them and finds out he is eligible for another deduction of 2.67 lacs under the PMAY scheme. Keeping in mind that the Brigade El Dorado is a magnificent project that has ALL Top-Notch facilities you can think of! For him getting a house that gives you all of this at a mere 42 lacs is like a dream come true! These Big projects have helped individuals actually get out their money’s worth!
Previously, in the market. At this rate you had the option of buying a property only with local builders! Also, there are only a limited amount of local builders who actually give quality apartments the rest of them are just mainly PROFIT ORIENTED.
A few apartments that even the folks from the middle class can purchase are:
There are many other properties as well that offer a brilliant price with unreal amenities with apartment that is worth going through!
Subscribe To Our Newsletter To Recive Details About Upcoming Projects, Offers, Discount.