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Prestige Sunrise Park in Electronics City Bangalore | Price | Reviews | Offers

January 1, 2019

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Prestige Sunrise Park Overview

Prestige Sunrise Park strategically located at the heart of the Electronic City, spread across an imposing 25 acres of development, everything here is designed to impress.

The design is intricately planned, with limitless sense of expansive space that accommodates the massive recreational area along with a beautiful landscaped garden, and a host of amenities that conveniently adapts to contemporary living needs.

Life at Sunrise park is the best way to balance personal and professional life. Add sunshine to your life and see how you add hours to each day by getting closer to everything that makes for a complete & prosperous life. Experience life in a new light… come home to Sunrise Park.

Prestige Sunrise Park Configuration

Project Location

Electronics City

No. of Towers & Floors

14 Towers
G + 18 Floors

Total Land Area

25 Acres

Unit Variants

1, 2, 2.5, 3 BHK

No. of Units

1910 Units

Possession Date

2017 Onwards

Unit Type	Size in Sq.Ft
1 BHK	785
2 BHK	1007
2 BHK	1039
2 BHK	1108
2 BHK	1211
2 BHK	1240
2.5 BHK	1335
2.5 BHK	1342
2.5 BHK	1374
2.5 BHK	1386
2.5 BHK	1431
3 BHK	1571
3 BHK	1615

Prestige Sunrise Park Location

Master Plan & Floor Plans – Prestige Sunrise Park

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Prestige Sunrise Park Specifications

Structure

RCC Framed Structure
Cement Blocks for All Walls Wherever Applicable

Flooring

Vitrified Tiles in the Foyer, Living, Dining, Corridors and all Bedrooms
Anti-skid Ceramic Tiles in Balconies

Doors

Main Door – 8 Feet High Opening with Pre-Moulded Flush Shutter & Frame in Wood and Polish on Both Sides
Internal Doors – 7 Feet High Opening with Wooden Frames and Flush Shutters
External Doors – UPVC Frames and Sliding Shutters

Plumbing & Sanitary

All Toilets will have EWCs and Chrome Plated Fittings
Chrome Plated Tap with Shower Mixer
Granite Counter with Ceramic Wash Basin in the Master Toilet and Pedestal Wash Basins in Other Toilets

Security

Suitable Size and Capacity Passenger and Service Lifts in Every Block
Round the clock security with intercom facility
CCTV Camera at all vantage points.

Electrical

Grid Power from BESCOM for each home
Modular switches
Concealed Wiring with PVC Insulated Copper Wires and Modular Switches
100% Power backup for elevators, common areas & pumps

Prestige Sunrise Park Amenities

Fully Equipped Gym

Clubhouse

Swimming Pool

Billiards & Games Room

Supermarket Space

Jogging & Skating Track

Tennis Court

Badminton Courts

Squash Courts

Kids Play Area

Health Centre

Mini Theatre

Prestige Sunrise Park Price

Components considered in the below mentioned Approx. All Inclusive Price are :

Basic Unit Cost, GST, Car Parking Charges, Legal Charges, Club House Charges

Maintenance Deposit, BWSSB & BESCOM Charges

*Floor Raise Charges & Preferred Location Charges Additional

*Franking Charges, Stamp duty & Property Registration Charges Extra as per Govt Norms.

Type	Size in sqft	Approx. Final Price
1 BHK	785	SOLD OUT
1.5 BHK	1007	SOLD OUT
1.5 BHK	1039	SOLD OUT
2 BHK	1108	SOLD OUT
2 BHK	1211	SOLD OUT
2 BHK	1240	SOLD OUT
2.5 BHK	1335	SOLD OUT
2.5 BHK	1342	SOLD OUT
2.5 BHK	1374	SOLD OUT
2.5 BHK	1386	SOLD OUT
2.5 BHK	1431	SOLD OUT
3 BHK	1571	SOLD OUT
3 BHK	1615	SOLD OUT

Call – 9590144144 for Detailed Cost Breakup

Expert Opinions on Prestige Sunrise Park

Renowned R.S.P Architects are the key designers for Prestige Sunrise Park
Close proximity to Major IT Companies.
The area is very fast developing with multiple projects coming up in & around the the location
Brand name of Prestige is a huge boost – Better Rental & Capital Returns

Civic amenities are available but not as developed as CBD
Traffic Bottlenecks while accessing Hosur road.

About the Builder – Prestige Group

The Prestige Group owes its origin to Mr. Razack Sattar, who envisioned a success story waiting to take shape in the retail business in 1956 itself. Prestige Estates and Properties was setup in 1986 growing swiftly to become the leading property developers in Bangalore.

Prestige Court on K.H. Road in Bangalore set the pace and with over 190 developments covering 38.5 million sq ft of develop-able area to its credit, Prestige constructions now house a very large populace residing in South India.

Also, Prestige hosts some of the biggest MNCs in business here with residential, commercial, retail and hospitality developments on the cards approximating 61.4 million sq. ft. just in area.

A presence in the retail sector with multiplexes and malls, Prestige has built for itself a name in property development.

Ongoing

Upcoming

Completed

[modalsurvey id=”729185475″ style=”flat”]

How to Book this Property?

Expert Rating

Buyers Rating

3.5 based on 18 votes

Builder

Prestige Constructions

Project

Prestige Sunrise Park

Price

INR 6900000

Property Availability

Out of Stock

415

newest oldest

Verified

Prasad Kamath

Hi Harish,
I have 1BHK in Norwood Tower 1 (18th Floor), what is the base rate I can expect in resale?
Thank you for the your comments.

Harish

Harish Achar

Hi Prasad Kamath,

You can consider base rate of Rs.5350 – 5850 / Sq.ft

Verified

prasanna

Hi Harish
Are 2 bhks from builder still available

Harish

Harish Achar

Hi Prasanna,

2 units of 2 BHK units are available for sale, you can contact Mr. Ravi at 9590144144 for more details;

Verified

Amit Malhotra

Hi Harish, i own a 1bhk unit in Birchwood, PSP and now planning to go for a 2bhk unit in resale in Norwood. Could you please give me idea about the resale price I should go for in order to have a good deal and how much appreciation is expected from this project in the near future?

Harish

Harish Achar

Hi Amit Malhotra,

Current resale price for 2 BHK in Prestige Sunrise Park is between 63 Lacs – 67 Lacs + Registration. You can expect 8 – 10 % growth rate.

Verified

Ashwin Goenka

Hi Harish – Thanks for your earlier response. Was really helpful. Two additional queries as below: A. I checked with Prestige and understand the current market rate is Rs5450 / psqft ( Rs 5650 for premium apartment) all inclusive (except registration). Considering this rate there is technically no appreciation of our investment value in last 3-4 years (there is actually a loss considering interest cost paid on home loans), Would really like to have your view on prospect of recovery of investment value (including interest cost)? Whether it is worth staying invested ? B. I recently did a site visit and noted that they are significant gaps in white tiles provided in flats and these are filled with grey cement giving a really ugly look across the flats. These kind of tiles were not used in sample flats shown to us. Tried approaching Prestige but with no positive response. Would… Read more »

Harish

Harish Achar

Hi Ashwin,

Although being with lot of hurdles in the realty sector like demonetization, RERA, GST etc… the sector has seen bit stagnant in the prices, and definitely, this would be a temporary effect. But also, we think that the rate you mentioned is base price only; plus other charges need to be calculated, and if considered last 4 years back the base rate was Rs. 4000 psft. So, our recommendation would be, you need to wait another 2-3 years for good appreciation value because the traction in the realty sector has initiated so the wait would be worthy.
2. As we have noticed in sample /mockup flat the flooring was with gaps and cemented, and which is in trend now.

Verified

Er Bharat Pandey

Hi harish

How much rent can be expected for 2bhk at 8th floor

Harish

Harish Achar

Hi Bharat,

Appx Rs. 20k + Maintenance can be expected at current market

Verified

Ashwin Goenka

Hi Harish

Any visibility on project completion. It’s already been 6months delay and we don’t have any visibility from Prestige on handover. Every time the handover dates are pushed. Also, prestige is responding mentioning no delay compensation pushing the blame on BESCOM for delay connection where we still see the project work is way far from completion.
Further, generally all prestige projects have good infrastructure; however in sunrise park we see the company have provided grills instead of compound wall reducing the overall security.
Even talking to CRM is not helping me with a solution which is highly unexpected from such builder.
Given your expertise, would request your advice on the same

Harish

Harish Achar

Hi Ashwin,

As per the management, Mar 2018 is scheduled for possession; On the delay compensation pl refer to your sale agreement copy if there is any date mentioned then you can act accordingly.
The front compound wall portion (Entrance) is provided with half grills, but rest all other sides is of compound wall completely, however this is given as per the design and aesthtic purpose and more over it is costlier when compared to the complete compound wall without grills. so which is actually beneficial for the residents.

Verified

Abhishek Karnwal

Hi Harish

I am having 2bhk in PSP on 7th floor in Norwood block. What price you are expecting if I want to resale.

Thanks
Abhishek

Harish

Harish Achar

Hi Abhishek,

The current base selling price from developer is Rs. 5650 psft, and in secondary market the avg selling price is roughly Rs. 5300 to 5500 psft and it is purely on case to case basis

Verified

Mohammed Nadeem

Hi Harish,

If we cancel the booking 4 month prior to the handover of the apt, will prestige deduct anything more than the cancellation percentage on sale value they have mentioned in agreement. Some say in addition to cancellation chgs (certain percentage on sale value) there is interest to be paid as well. Do we really pay interest for cancellation of booking? I though interest will be taken only if we are going ahead with with the purchase and clearing the outstanding payable to Prestige. If we cancel (even when project is almost getting ready, will wee need to pay any interest or just the cancellation on sale value is what they may deduct from out booking amount.?

Harish

Harish Achar

Hi Mohammed,

No there is no such interest rate on cancellation charges; subject to that one should have made the payment to the builder according to the construction schedule mentioned in the agreement before getting in to resale option otherwise the interest will be charged on the remaining payable balance as per the demand from the builder.

Verified

aswani kumar Sharma

Hi Harish.. I m looking for a 2bhk flat in PSP.
Although the offers are good but resale flats are available at a lower rates as compared to Prestige.
Also I checked with Prestige but they do not have the required flats.

Verified

khushwant

Hi Harish

what rent we can expect for 3 BHK at 21 floor

Harish

Harish Achar

Hi Khushwant,

Appx Rs.26k – 28 k can be expected

Verified

Shyam sundar

What would be the approx maintenance charges in PSP?..

Verified

'Krishna Maheshwari'

Hi Harish,
Since peripheral ring road is planned between the Norwood and birchwood. Any latest update on this? Also, how will it impact the Society/area.
Second thing is prices are really not moving. Any specific reason for this or there is any specific issue withe project?

Harish

Harish Achar

Hi Krishna,

Pl click the latest news on PRR
http://www.newindianexpress.com/cities/bengaluru/2017/mar/28/after-nhai-backs-out-bda-finds-new-partner-to-develop-peripheral-ring-road-1586706.html

and for it connectivity and advantages pl click the below link – http://bangaloremirror.indiatimes.com/bangalore/civic/BDA-finally-moves-to-build-the-PRR/articleshow/50524055.cms

Price revision has taken place couple of months back and also due to low inventory availability and slow sector growth due to the effect of Demonetisation, Implication new GST, upcoming enforcement of New Regulation RERA, NGT etc.. have made the price stagnant but for sure the prices are expected to grow higher in coming days

Contributor

Mr. Kamath

Hello Harish,

I am following your website since I booked 1BHK (630sqft) apartment in PSP Norwood. I bought the apartment (18th floor out of 19) in pre-launch at 3900 pqft base price.

Can you please tell me what is the current market base price for 1BHK (620 sqft) in PSP.

Also kindly advise if I can sell the apartment or rent it (I can hold it for few more years).

Thanks!
Mr. Kamath

Harish

Harish Achar

Hi Mr. Kamath,

Currently 1 BHK are not available in this project – all units are sold, for other units the basic price starts from Rs. 4950 psft onwards, so you can consider the current base price as benchmark for selling of your unit.
Suggest you to hold the unit for some more time, until the complete projects handovers with all facilities and then you can plan for disposing of your unit.

Verified

Prasad Kamath

Thanks Harish for you quick response

Contributor

Garima Mehta

We have a 2.5 BHK in Birchwood which we want to sell. Anyone seriously interested in buying please get in touch at [email protected] for further details.

Verified

Shyam sundar

contact me at [email protected]

Contributor

Naya

Hello Harish,

I booked a 2.5 BHK apartment in PSP Norwood during prelaunch (self financed) . Now since possession is due this year I am thinking if I should register the flat or exit and invest in some other good under construction or prelaunch project which could earn good returns in future. Since I am onsite I can still wait for occupancy at least 2-4 years.

Please advice if I should rent the flat or exit.

Thanks!
Naya

Harish

Harish Achar

Hi Naya,

The current base price for the project is Rs. 5150 psft for 2 BHK and Rs. 4950 for 2.5 & 3 BHK; and has very limited stocks available as of now. Since you are on site we suggest you to hold and give the same for rent. Try disposing the same, may be in 2 years from now.

Contributor

DHIMAN BISWAS

Hi Harish,

One of my friend visited yesterday this project. It seems Prestige is selling now Rs 4900/sqft for 20 remaining 2.5BHK flats out of 1900. why sudden jump in the price?

Harish

Harish Achar

Hi Dhiman,

It is normal tendency that builder will increase the price once the inventory reduces

Contributor

Ankita

Hi harish

We are planning to book 2 bhk in PSP. I have few queries
1) Personally i did not like the concept of closed utility, keeping washing machine in kitchen
2)Closed kitchen concept
People are doing open kitchen noways and a separate utility section attached to kitchen
In whole in PSP we will end up with no space to keep washing machine, dustbins and other things which we prefer to keep away from kitchen.

No separate space to put clothes for drying other than balcony

Utility was much needed thing.

Harish

Harish Achar

Hi Ankita,

Usually prestige projects have these concepts for safety concern and to have more space in kitchen area, also few units in PSP comes with separate area.

Contributor

M Babu

What will be the registration charges for this property? Is registration charges based on land value or guidance value or actual amount paid? What is the guidance value for this?

Contributor

Bibin

Hi Harish,

I am looking for 2 bhk in electronic city .Prestige offered a 2 bhk of 1007 sqft in 1st floor and at cost of around 58 lakhs and at the same time godrej offered a 2 bhk of 1070 sqft in 4th floor with 65 lakhs which is better?My budget is around 55 lakhs.

Thanks
Bibin

Harish

Harish Achar

Hi Bipin,

Since it is fitting in to your budget and also first floor is decent enough to get good ventilation and sunlight, so PSP can be a good bet.

Contributor

Sri

What is the current cost of this property

Contributor

Nadeem

Hi Harish,

I just want to know what Khata does Prestige Sunrise park in Electronic city, Blore come under. If it’s not A khata, then will that be changed. If it’s not A khata what are the consequences of not having A khata. Also i’ve heard lately that they have been cancelling some amenities like swimming pool for example. As this project is split into two (Norwood and Birchwood block) does it lack open space? Can you provide some information if this project is a premium prestige project and provide us some answers to our questions. We were planning on taking a unit in Tower 3 Norwood block. Thank you

Harish

Harish Achar

Hi Nadeem,

Prestige Sunrise Park provides E-Khata (Electronic Khata). E Khata is Electronic Format/Computer format of A Khata. E Khata will have same content as A Khata, It is useful for a person to pay property tax Online.
As far as we know there are no cancellation in Amenities. It is kind of semi luxury project and the distance between the two towers is sufficient enough to get good ventilation and sunlight and it does not lack any open as appx 6 acres of open space is been provided (As per the norm the distance between any two towers should be minimum of half of the tower height)

Contributor

Nadeem

Harish, thank you for that quick reply. Really appreciate it. As we know this project Sunrise Park is a project from a reputed builder, Prestige group. On what basis is this judged as a semi luxury project and not luxury apartments even when it has all these amenities courts, gym, pool and clubhouse. Does this mean it’s not a premium residential development and average project with average units? Like Prestige Song of south is a much premium project and Sunrise Park isn’t?

Harish

Harish Achar

Hi Nadeem,

Certainly it is good project, Its individual choice how they rate as per their preference, for some the premium would be luxury and for others the luxury would be premium. There is no as such rating
But as per our views we can bifurcate with the factors like location, density of the project, specifications, smart home technology, car parking space allotments etc…

Contributor

Nadeem

Hi harish, I have couple more questions. But on a different note really appreciate the help. We have a 3 bhk apartment at Prestige Shanthiniketan at whitefield and another 3bhk at Prestige St Johns wood. So we feel it’s safe to buy a Prestige apt as prestige is a reputed builder. But recently, I read a few reviews regarding Prestige sunrise park on your site here. So being a little worried, i have a question. Can a project be started without having environment certification, occcupancy certificate etc. Do you have any update on Prestige Sunrise park NOT having obtained the necessary approvals for which we as customers should be worried about and hold on for some more time before thinking of proceeding /buying in that project. Could you confirm this to us. You mentioned that it will have an E khata. But anything you can tell us about the other… Read more »

Harish

Harish Achar

Hi Nadeem,

There is no as such any approval pending for PSP project, all are in place and OC will be followed once after the completion of the same and which is expected by next year Q3.

Contributor

Nadeem

Harish, Thanks a lot for all this information. You’ve been of great help. We’ll definitely get in touch when required. We have two apartments of Prestige of 3bhk. one we bought long back at St. Johns wood. Another is at Prestige Shanthiniketan. The Shanthiniketan is massive. But a closer look at towers reveals the finish quality of the project bit not up to the mark. This time we actually had shortlisted three projects. Prestige Song of the south at begur, Prestige Lakeside habitat located at Varthur and Sunrise park. Unfortunately, the roads to Song of the south project at begur arent so developed. The place begur still isnt upto the mark yet i feel. I dint like the access to Prestige Lakeside habitat either. (from whitefield via varthur lake, or panathur road, or sarjapur road). Unlike how easily we can access Sunrise park from Koramangala or even mg road. The… Read more »

Harish

Harish Achar

Thank you, We welcome your Suggestions and appreciation Sir!

We cannot able to comment on the Prestige Shantiniketan Project, because the technology even in the construction industry change oftenly, so all we can say it was the landmark project of Bangalore at that point of time.
Also, We suggest you to look at PLH as well, reason being as per the knowledge report, varthur and thanisandra when compared to other localities in Bangalore are going to boost good appreciation values.

Contributor

Maddy

Hi Harish..whats the current base price at prestige sunrise park

Harish

Harish Achar

Hi Maddy,

The current Base Price is starts from Rs. 4650 psft

Contributor

Dhiman

Hi Harish,

The current base price is Rs 4700 as you mentioned and your forecast is Rs 5500 once it gets completed. Does this price include the VAT/car parking and additional charges which we already paid. How much rent we can expect for semi furnished 2BHK of 1128sqft?

Harish

Harish Achar

Hi Dhiman,

Looking in to current situation the appreciation to hit at Rs. 5500 shall take time of another 12-18 months. and yes this would be only the base price Plus other charges extra.
The rental value for 2 BHK would range between 18k to 24k and shall depends on the PLC and outlook of the interior

Contributor

Shri

Hi,

I booked in Oct 2013 in Birchwood and the base rate was 4350/- plus floor rise, parking, other charges etc. The sales person estimated 1000 rupees hike per sq ft per year. But it didn’t happen.

Do you think the base rate given to me was bit high at that time? Will there be any more growth in the price?

Thanks,
Shri

Contributor

Jitendra

Hi Shri, I booked 3 BHK in Feb 2014 inn PSP -Birch wood tower 8 , Unit B8113 , they charged me 4550/- psft+ Floor rise value = 4750/- psft = 76 lakh At that time the builder said the flat price will cross 1 crore but the current price which they are Quoting in 86 Lakh. Lets see what happen at the time of Possession. And also builder claim that its an A khatta Land but in the above few Posts i saw that is B khatta land.Can Any budy tell me how much rent i can expect for 1571 sft 3 BHK?

Contributor

Manish

I have booked an apartment in Prestige Birchwood in Oct, 2015. Is there any common forum for buyers which I join in? If yes, is there any formality I need to do?

Contributor

Dhiman

Hi Harish, Don’t you think PSP price is not appreciating that much as of today? Also we are hearing some noise related to Peripheral ring road. Will there be any positive impact whenever it will be built.

Harish

Harish Achar

Hi Dhiman,

In PSP, most of the units are sold and in terms of appreciation you can expect good returns once the project gets completed. And Pertaining to the Peripheral ring road the required space is left for future development and yes this will definitely boost the value of the property because of the good connectivity.

Contributor

P Suryaprakash

Dear Harish,I intend to buy a flat PSP middle hight in birchwood. ..the rate quoted is 4950..plus floor rise..pl suggest …if the rate is good..do you think I would get appreciation for my investment.

Harish

Harish Achar

Hi Surya Prakash,

Yes the rate quoted is correct, and you would see good appreciation once the project gets completely developed.

Contributor

Tayub

Hello Harish,

Appreciate the work you are doing.

I’ve booked a 3BHK in PSP Norwood on level 13. Bought it for about 4700 psft. The size of the flat is 1644 sqft.

Is this a good deal?

Any issues about level 13?

Harish

Harish Achar

Hi Tayub,

No doubt PSP is good choice; pertaining to no. 13 it is individuals choice, so don’t need to worry much, for some the no. may be unlucky and for others the same may be best one. so it is purely individuals perception.

Contributor

Siya

Hi,

I am planning to buy a flat in PSP. Should I buy a lower level flats(2nd – 4th floor) OR higher level flats where the higher level flats are costlier(5-6 lacs difference). Appreciate your response in advance.

Contributor

Hi Harish, I read your reviews regularly. It is very helpful. Thanks for the same. I have a query. We had invested in PSP 2 yrs ago (March 2014) at the rate 4350+ floor rise. Now the current rate is 4750+ floor rise. Given the current situation what is the rate we can expect during handover( June 2017). Also is it better to sell before registration (during handover) or hold the flat for 3 yrs and sell(LTCG). Kindly share your views on this. Looking forward to ur reply asap.

Harish

Harish Achar

Hi VN,

We are looking at Rs.5250 – 5500 / Sq.ft by June 2017. I suggest you to hold till one year after registration for better ROI.

Contributor

Shaan

Hi Harish, can you please tell us what is the current rate is going on of PSP Norwood, 2 bhk.

Contributor

Dhiman

Hi Shaan, I could be wrong but as par my information all the flats are sold out from builder. Now individual owner are selling. Also I saw in prestige website that 2 BHK are priced approx. 67-68L.

Harish

Harish Achar

Hi Shaan,

Rs.4850/Sqft is the current ongoing price.

Contributor

Dhiman

Hi Harish, I bought a 2 BHK flat during launch. I believe it will get ready by June 2017. Will it be good decision to sale before registration during possession or after 3-4 years after possession. Please suggest.

Harish

Harish Achar

Hi Dhiman,

selling after possession will yield higher returns as there will be less internal seller competition.

Contributor

[email protected]

Hi all,

We are looking for 2BHK and 1BHK in PSP in Norwood. When we checked with builder we came to know that there is no availability. Kindly help us if there is any investor flats available at best price.

Thanks
Yasmin

Contributor

I have 1BHK in PSP Norwood. North Facing. 18th (Out of 19) floor.
What is the current resale price in the market?

Contributor

Amit

Hi Harish, I am looking for 2bkh in ecity. So will it be better to go with SNN Raj Neeladri (Ready to move-60 lakhs) and to go with Prestige Sunrise Park. (67 lakhs). Please suggest.

Contributor

arun

hey are you still getting a 2bhk in sunrise park ?? & how much are they quoting now

Harish

Harish Achar

Hi Amit,

Sunrise Park would be ideal option.

Contributor

jeetendra

Hi Harish, I have brought a 2 bhk flat in norwood on 21st floor in tower 2( its the top floor). will that be an issue with resale of the flat or renting it out? What appreciation can i expect from this flat?

Harish

Harish Achar

Hi Jeetendra,

Top most flats are preferred for self living than for investment. You wont find much difficult in renting… You can expect 10 – 12 % Growth rate.

Contributor

Rahul

Hi Harish.. Main reason for a good ROI was PRR planned between Norwood and Birchwood and ofcourse Prestige brand name.
Now that PRR has been put on HOLD do you think you still stuck to 80% appreciation. I booked a flat in Norwood 30 months back but return is just 10% YOY

Pls advise

Harish

Harish Achar

Hi Rahul,

PRR is not scraped and its very much needed for bangalore. You will witness drastic appreciation during possession time.

Contributor

Archana

Mr.Harish,is it a good option to buy a 2 bhk flat in norwood on 11th floor(tower2 unit6),facing the previously proposed outer ring road?The purchase will be purely for investment purpose only.Will this flat give good resale value if it faces the road(supposedly will be landscaped as per prestige brochre).Please give your valuable input/advice.

Harish

Harish Achar

Hi Archana,

Usually landscape facing units will be sold faster when compared to Road facing units. There is nothing to worry if you quote competitive pricing while selling the unit and when there are no landscape facing units available road facing units will automatically fall under demand . Basically you need to hold the unit till all the landscape units get sold to make higher profits.

Contributor

Malay

Hi Harish,
PSP is a Panchayat Khata project and not a A Khata project. I have concern regarding this. Can you please tell me if there is any problem in buying the apartment in PSP and what’s the probability that it would be converted to A khata in next 2 years?

Contributor

Sam Paul

Hi Harish, like Mr Malay, i too have a similar question in my mind. Kindly do let us know, if there is any problem in buying a panchayat khata property like PSP. How problematic it would be in future to get a occupancy certificate of the PSP property, and probability that it would be converted to A khata. Also, Would there be any problem in future to sell the property, because of any documentation problem, as the land being a panchayat khata.

Harish

Harish Achar

Hi Sam Paul & Malay,

There is no problem in buying Panchayat Khata Property until builder pay betterment charges and get E – Khata for the project.Besides, Khata comes post OC. Once the OC and handing over procedure is over Builder will apply for Katha Process.

Contributor

Ms AB

Hi Harish, I am following your comments from a long time since I bought unit in PSP.
I bought 1bhk Norwood 630sqft (18th Floor) at 3900psqft on Pre-Launch in Jun-2013. I purchased this unit just for investment purpose. Do you think I invested correctly? What is the current price and what price I can expect by Dec-2017 and Dec-2020?

Harish

Harish Achar

Hi Ms AB,

Current price is Rs.4750 / Sft. Don’t worry, you have invested on right property at right time. Projected growth is 10 – 12 % YoY.

Contributor

Krish

Hi Harish by 2017 the time of possession what would be the rate per sq ft & I bought this for investment purpose so what is the rent u expect for a 2 bhk?

Harish

Harish Achar

Hi Krish,

You can expect 25 K per month rental and expect Rs.6500 / Sft by 2017

Contributor

Anuj

I have 2bhk with 300sft of terrace east facing in PSP- Birchwood tower no. 5
When i booked this house- only one unit left with open terrace in 2013 1st quarter. So it has high demand.

Contributor

anthin thomas

sir,
Can u please advice me regarding prestige sunrise(2bhk on top most floor) and purva palm beach.(2bhk )

which is better considering evrythng-living ,connectivity and resale value.

Harish

Harish Achar

Hi Anthin Thomas,

As you are not getting good inventory in PSP. I suggest you to consider Purva Palm Beach.

Contributor

anthin thomas

sir im getting a 2bhk on the top most floor.Is it a good deal?Considering both living and resale?

Harish

Harish Achar

Hi Anthin Thomas,

Top most floor are ideal for living than for investment.

Contributor

Reshmi

Hi Harish, The map shows HT wires passing through the site plan, how do you think it will affect the residents of towers in Norwood PSP especially?

Harish

Harish Achar

Hi Reshmi,

Don’t worry, Prestige is planning to move it towards the Road.

Contributor

Varun

Hi Harish,

Today from Prestige I got the confirmation that they have no plans to move the HT wires from the site and they have not communicated about the movement of these wires to any customers. So this HT wires will be there inside the site which is quite disturbing fact. Do you have any other update on this?

Contributor

Sam Paul

Hi Harish,

Would you like to comment on a statement that the PSP project has still NOT got A khata. Its a “Panchayat Khata”. When I asked this question to the sales guy, he was saying they are in a process to convert the same to A Khata, and the promise to provide A Khata before possession. So how risky is it to invest in a “Panchayat Khata” property, and whats the guarantee that it would be converted to A khata, and that too within next 2 years. As a matter of fact, apartment owners one of the adjacent project (smondoville) are still yet to get A khata and OC even after 4 year of possession of their flats.

Look forward to your candid advise.

Harish

Harish Achar

Hi Sam Paul,

As far as i know, Smndoville has got OC & Residents have received E Khatha. Lands which fall under Panchayat Zone will Receive E Khatha Only. Lands which fall under BBMP Zone will receive A Khata. Technically there is no difference. between A Khatha & E Khatha.

Contributor

Swathi

Hi Harish, we have looked both projects Godrej E city and PSP Birchwood 3 BHK flats… Both looks good… Which one would be good for staying purpose? we are little bit confused now.. so any suggestions would be greatly appreciated. Or do we have any other options other than these two in that area? Awaiting your reply…

Harish

Harish Achar

Hi Swathi,

PSP has better approach road when compared to Godrej E – City. This plays crucial role in future. I suggest you to consider Prestige Sunrise Park.

Contributor

Amar

Hi Garima,
Could you please send me the details like floor , facing, tower ,price etc to my email-id [email protected] ?

Contributor

Manu

Hey guys, I have a 2BHK in Norwood Block (1128 sft) which I am looking to sell. I know this is a disucssion forum and i would like to put forward my opinion on a few things being discussed here. The first one being from Shivali; If I’m right, Yes, The environmental clearance has been received. The second is from Kans. Yes the real estate market is stagnant at the moment. However, the calculation of the returns done by kans is purely from an investment perspective and if you are actually doing the probable calculation of RoI, please factor in the time linked payments up to 2017. Yes, purchasing a flat from reputed builders is a less risky affair, cause they have a reputation to live up to, hence the quality of a construction including the hiring of contractors such as L&T is not expected to be compromised. That leads… Read more »

Contributor

kans

This is where my concern is: 1. This project sold like hot cake, priced at Rs. 3900 psqft in mid of 2013. You know prestige’s atrocity, its like no construction binded payment, its all time binded one. 2. Now, if it sells as per what Harish Achar (the moderator) says, that is by 2020, Rs. 6500 to 7000 spqft, then its a money put on dust really. First of all, its very very difficult to get buyer these days, even if you get one for that price, the yearly return on investment is hardly 7%. 3900*1.08^7=6685, then subtract the 2% brokerage, 200 psqft transfer fee etc etc, you will end up getting literally 5% year on return…FD gives much better guaranteed return. The other combination of investments with that high money of 60 lakhs can fetch you atleast 13% return… Thats why i am saiyng, the real estate investment with… Read more »

Contributor

Hi Harish
I have read most of your posts here, and as i understand Ecity esp Ajmera appreciated invalue 80% in 2013 year.
Honestly i am late to consider investing in ecity now in 2015. however i have gone through Prestige Sun Rise Park Birchwood units available for sale ranging from 4400/-sq ft – 4800/-sq ft.
What is the current rate of appreciation considering 2017 June as possession time for the units available at BirchWood?
This project was launch in Dec 2013, should i still consider investing in a 2BHK here?
What will be the rate of appreciation by possession year 2017 and 2020 year?
Rgds
NS

Harish

Harish Achar

Hi NS,

The project has the scope of reaching Rs. 5000 to 5500 psft by 2017 and by 2020 Rs. 6500 to 7000 psft.

Contributor

Shivali

Hi Harish,
Please advise if investing in PSP is a good option. I have heard that they havent got the environment clearance yet. Is this true? Are these guys still hiding certain approval details from us? Kindly advise.

Harish

Harish Achar

Hi Shivali,

PSP is good option to invest in, and it is being the ideal project in electronics city area.
All the approvals are in place and also the construction is in full swing