ONE OF THE BEST (RARE AS WELL) NEW LARGE DEVELOPMENTS IN KORAMANGALA
The Project Site is located on 1st Main Road, ST Bed, Koramangala 1st Block, Bangalore, Karnataka, India. The Property is just 400 meters from Wipro Park Signal and near Mantri Classic apartment project. The Property is amidst an extremely well developed residential layout and is between 4th Block and 1st Block of Koramangala.
|Type of Project||Residential|
|Developer Name||Prestige Estates|
|Project Location||1st Main Road, ST Bed, Koramangala 1st Block, Bangalore|
|Land Area||2.5 acres|
|No of Units||256|
|No of Towers / Blocks||3 Towers|
|Units Configuration||2 BHK – 1249 sq ft |
2.5 BHK – 1385 & 1404 sq ft
3 BHK – 1839 & 1866 sq ft
4 BHK – 2461 & 2503 sq ft
|No of Floors||G + 14|
Price Quality: ABOUT AVERAGE
We have benchmarked Prestige Pine Wood with high-rise apartment projects in the same micro-market. There are several old and ongoing high-end residential apartment projects in the vicinity.
We found the project to be “Expensive” compared to other projects in the same micro-market. Real Estate Prices in Koramangala is quite expensive due to lack of land availability, limited new supply of inventory and strong demand for premium residential units in Koramangala. This is one of the few locations in Bangalore where prices have actually gone up in the last few quarters.
|Project Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|Prestige Pine Wood||Prestige Estates||Koramangala 1st Block||1249 – 2503||12000||Dec’18|
|G-Corp Residences||G Corp Builders||Koramangala 1st Block||1339 – 2831||10600||July’19|
|Chourasia Signature||VKC Developers||Koramangala 1st Block||1543 – 2060||10000||Completed|
|Advaitha Aksha||Advaitha Ventures||Koramangala 1st Block||1948 – 3458||9500||Jan’18|
|Raheja Vivarea||K Raheja Corp||Koramangala 1s Block||2285 – 5525||12000||Hold|
*The quoted price is base price of the unit and does not include car parking, floor rise, club house, deposits & taxes.
NOTE: Price last updated on FEBRUARY 12, 2017.
Location Rating: AMONG THE BEST
Prestige Pine Wood is located in Koramangala 1st Block ST Bed. The Property is close to Mantri Classic project. The immediate neighborhood is a well-developed residential layout with a large number of bungalows, low-rise apartments, retail shops, clinics and commercial offices. The Property is just 400 meters from Wipro Park Signal and 1.2 Km from Sony World Signal.
|Immediate neighborhood |
Is a well-developed residential layout of Koramangala 1st Block and 4th Block with plenty of low-rise apartments, individual houses and retail shops.
|Landmarks nearby |
Located just 100 meters from Wipro Park (Signal) and Mantri Classic Project towards ST Bed.
|Access Roads |
Access Road is newly laid 80 ft BDA road which connects to 60 ft 1st Main Road of Koramangala 1st Block. Hosur Main Road is 1 Km from the Property.
|Metro Rail |
Nearest station is None.
|Train Stations |
Bangalore City railway station (11 Km); KR Puram Railway Station (11 Km)
Kempegowda International Airport is 41 Kms away.
Builder Quality: AMONG THE BEST
Prestige Estates is the largest and most reputed developer based out of South India. It is promoted by Mr. Irfan Razack & his siblings. Mr. Razack started his construction firm way back in 1986 and have delivered around 186 projects across residential, commercial, retail & hospitality segments. The company has presence in Bangalore, Chennai, Hyderabad, Kochi and Mangalore. It owns the “Forum” & “Forum Value” Malls in South India and have several large IT Parks and IT SEZ in Bangalore.
Prestige Estates has excellent relationships with nationalised banks, private banks and other financial institutions.
|Builder Name||Prestige Group|
|Flagship Company Name||Prestige Estates Projects Limited|
|Address||The Falcon House, No. 1, Main Guard Cross Road, Bangalore - 560001|
|Year of Establishment||1986|
|Managing Director||Irfan Razack|
|No. of Projects Completed||186+|
|Popular Projects||UB Towers, Prestige Golfshire|
Construction Quality Rating: BETTER THAN MOST
We have found “Excellent” Quality of Construction in all Prestige Estates’ completed projects. Prestige has two another apartment projects in Koramangala namely Prestige Acropolis and Prestige St Johns Wood. Both are landmark projects and the most expensive projects in Koramangala.
|Construction Contractor||JMC Projects, a well known engineering and construction services company. It is a part of Kalpataru Group and based out of Mumbai with regional offices across India.|
|Architect||RSP Architects, the Indian subsidiary of the globally renowned RSP Singapore, is the principal architect of the Project.|
|Specifications||Premium specifications such as marble flooring in Living & Dining room, Laminated wooding flooring in bedrooms, Teak wood door frames, Marble flooring in all Toilets, Geyser in all Toilets, UPVC with mosquito mesh in windows, Rocca Sanitary Wares and CP Fittings.|
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|Clubhouse with Gym. |
Squash & Badminton Courts.
Table Tennis / Chess / Carrom.
Infinity Swimming Pool on 8th floor.
Billiards / Snooker.
Children Play area.
|Sewage Treatment Plant.|
Sky Gardens on Terraces.
Rainwater harvesting system.
|Yoga / Meditation Deck on Terrace Floor.|
Roads on all the 4 sides of the Property.
The Project land is part of a private layout which was under litigation for over a decade. The builder has communicated that the litigation on the land is over and has received a favourable response from the higher courts. The project is approved by all leading banks.
Buyers are advised to take an independent legal opinion of the land.