Pre Launch: Prestige Ivy Terraces

Published on June 16, 2013, 02:00 AM IST
Prestige Ivy Terraces Bangalore,Pre launch,location,price,new projects in bangalore
Bangalore based Prestige Constructions is all set to launch their new project 'Prestige IVY Terraces' on Sarjapur- Marathahalli Ring Road.

Prestige Ivy Terraces sprawls over 3.6 acres of land consisting of limited high quality apartments. The project offers units in 2, 2.5 and 3 BHK options

Pre Launch bookings are planned to start from 20th June-13 and the base price of
5400 is applicable only for the first 25 bookings.

Prestige Ivy Terraces Bangalore,Pre launch,location,price,new projects in bangalore
Prestige Ivy Terraces is located quite close to Vrindavan Tech Village on Outer ring road. This is one of the most preferred locations for a home in east Bangalore.

It's good to see Prestige planning to price these units below
5500. This would sum the basic cost of 2BHK to 65 lakhs and 3 BHK to 95 lakhs.

The downside being, Customers may not have too much choice on the selection of units as too many channel partners block or buy premium facing units from the builders and list them at premium prices on the resale market.

It's surprising to see the builder charging a cancellation fee of 1% of sale value during the pre launch stage. Customers are blindly expected to pay the booking amount without any confirmation of the unit number, firm floor plans and other additional charges that can occur.

It is recommended to consult your lawyer before jumping the gun.

Note: It's recommended to contact the builder for the latest prices, plans etc. as these are subject to change.

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